SECURITIES AND EXCHANGE COMMISSION
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Schwab Capital Trust
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
(the “Trust”)
SCHWAB MARKETTRACK PORTFOLIOS
Schwab MarketTrack All Equity Portfolio
Schwab MarketTrack Growth Portfolio
Schwab MarketTrack Balanced Portfolio
Schwab MarketTrack Conservative Portfolio
(the “Portfolios”)
Supplement dated November 11, 2009 to the
Prospectus dated February 28, 2009,
as supplemented July 1, 2009
• | The reference to the Schwab Institutional Select S&P 500 Fund as the Portfolio’s underlying fund that focuses on the large-cap segment of the stock market is deleted and replaced with the Schwab S&P 500 Index Fund. |
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
10 | ||
12 | ||
14 | ||
15 | ||
35 | ||
48 | ||
50 | ||
52 | ||
55 |
Total Return for the Report Period | ||
Schwab MarketTrack All Equity Portfoliotm (Ticker Symbol: SWEGX) | 13.54% | |
Benchmark: All Equity Composite Index | 15.72% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 6-7 | |
Schwab MarketTrack Growth Portfoliotm | ||
Investor Shares (Ticker Symbol: SWHGX) | 12.95% | |
P Shares (Ticker Symbol: SWPGX) | 13.09% | |
Benchmark: Growth Composite Index | 14.44% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 8-9 | |
Schwab MarketTrack Balanced Portfoliotm (Ticker Symbol: SWBGX) | 12.41% | |
Benchmark: Balanced Composite Index | 14.47% | |
Fund Category: Morningstar Moderate Allocation | 15.71% | |
Performance Details | pages 10-11 | |
Schwab MarketTrack Conservative Portfoliotm (Ticker Symbol: SWCGX) | 11.82%* | |
Benchmark: Conservative Composite Index | 14.25% | |
Fund Category: Morningstar Conservative Allocation | 15.81% | |
Performance Details | pages 12-13 | |
Minimum Initial Investment1 | ||
Investor Shares | $ 100 | |
P Shares | $100,000 | |
* | Total return for the report period presented in the table differs from the return in the Financial Highlights. The total return presented in the above table is calculated based on the NAV at which shareholder transactions were processed. The total return presented in the Financial Highlights section of the report is calculated in the same manner, but also taking into account certain adjustments that are necessary under generally accepted accounting principles required in the annual and semiannual reports. |
1 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of the portfolios. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Daniel Kern, CFA, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of the portfolios. He was appointed portfolio manager in 2008. Prior to joining the firm in 2003, he worked for more than 13 years in the investment management industry, with more than 6 of those years spent in portfolio management. | ||
Caroline Lee, a managing director and portfolio manager of the investment adviser, co-manages the portfolios. Prior to joining the firm in November 2005, she worked in asset management for over 4 years overseeing subadvisor relationships in the pension group of a major corporation. She has also had 3 years of previous experience in investment management at another financial services firm. |
Number of Holdings | 4 |
Cap ($ x 1,000,000) | $53,770 |
Price/Earnings Ratio (P/E) | 55.1 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 10% |
Large-Cap Stocks | 45.1% |
International Stocks | 30.2% |
Small-Cap Stocks | 24.6% |
Short-Term Investments | 0.1% |
Total | 100.0% |
Schwab S&P 500 Index Fund | 45.2% |
Schwab International Index Fund | 30.2% |
Schwab Small-Cap Index Fund | 24.6% |
Total | 100.0% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Portfolio and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Portfolio: Schwab MarketTrack All Equity Portfoliotm (5/19/98) | 13.54% | 1.67% | 0.65% | |||||||||
Benchmark: All Equity Composite Index | 15.72% | 2.25% | 0.67% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% |
1 | The All Equity Composite Index is based on a comparable portfolio asset allocation and calculated using the following portion allocations: 70% Dow Jones U.S. Total Stock Market Index and 30% MSCI EAFE Index. The index is maintained by Charles Schwab Investment Management, Inc. |
2 | Portfolio expenses have been partially absorbed by CSIM and Schwab. Without these reductions, the portfolio’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. |
3 | As stated in the prospectus. Includes expenses of the underlying funds in which the Portfolio invests. The annualized weighted average expense ratio of the underlying funds was 0.14%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the portfolio based on a ten-factor model for value and growth characteristics. The portfolio’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the portfolio’s holdings as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Number of Holdings | 6 |
Cap ($ x 1,000,000) | $54,718 |
Price/Earnings Ratio (P/E) | 59.7 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 23% |
Large-Cap Stocks | 40.2% |
International Stocks | 20.0% |
Small-Cap Stocks | 19.5% |
Bonds | 15.4% |
Short-Term Investments | 4.9% |
Total | 100.0% |
Schwab S&P 500 Index Fund | 40.2% |
Schwab International Index Fund | 20.0% |
Schwab Small-Cap Index Fund | 19.6% |
Schwab Total Bond Market Fund | 15.4% |
Fund, Institutional Shares | 3.9% |
Total | 99.1% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment in Investor Shares1
Performance of a Hypothetical
$100,000 Investment in P Shares1
Portfolio Class and Inception Date | 1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||
Investor Shares (11/20/95) | 12.95% | 1.98% | 1.58% | 5.47% | ||||||||||||
P Shares (4/6/06) | 13.09% | n/a | n/a | -2.47% | ||||||||||||
Benchmark: Growth Composite Index | 14.44% | 2.77% | 1.77% | (11/20/95) 5.92% | ||||||||||||
(4/6/06) -1.77% | ||||||||||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% | (11/20/95) 5.53% | ||||||||||||
(4/6/06) -4.64% |
1 | The Growth Composite Index is based on a comparable portfolio asset allocation and calculated using the following portion allocations: 60% Dow Jones U.S. Total Stock Market Index, 20% MSCI EAFE Index, 15% Barclays Capital U.S. Aggregate Bond Index, and 5% Barclays Capital U.S. Treasury Bills: 1-3 Months Index. The index is maintained by Charles Schwab Investment Management, Inc. |
2 | Portfolio expenses have been partially absorbed by CSIM and Schwab. Without these reductions, the portfolio’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. |
3 | As stated in the prospectus. Includes expenses of the underlying funds in which the Portfolio invests. The annualized weighted average expense ratio of the underlying funds was 0.19%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the portfolio based on a ten-factor model for value and growth characteristics. The portfolio’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the portfolio’s holdings as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Number of Holdings | 6 |
Cap ($ x 1,000,000) | $54,361 |
Price/Earnings Ratio (P/E) | 59.2 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 30% |
Bonds | 36.0% |
Large-Cap Stocks | 29.8% |
Small-Cap Stocks | 14.9% |
International Stocks | 14.9% |
Short-Term Investments | 4.4% |
Total | 100.0% |
Schwab Total Bond Market Fund | 35.8% |
Schwab S&P 500 Index Fund | 29.6% |
Schwab Small-Cap Index Fund | 14.8% |
Schwab International Index Fund | 14.8% |
Fund, Institutional Shares | 3.4% |
Total | 98.4% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Portfolio and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Portfolio: Schwab MarketTrack Balanced Portfoliotm (11/20/95) | 12.41% | 2.20% | 2.45% | |||||||||
Benchmark: Balanced Composite Index | 14.47% | 3.48% | 3.03% | |||||||||
Fund Category: Morningstar Moderate Allocation | 15.71% | 2.07% | 2.50% |
1 | The Balanced Composite Index is based on a comparable portfolio asset allocation and calculated using the following portion allocations: 45% Dow Jones U.S. Total Stock Market Index, 15% MSCI EAFE Index, 35% Barclays Capital U.S. Aggregate Bond Index, and 5% Barclays Capital U.S. Treasury Bills: 1-3 Months Index. The index is maintained by Charles Schwab Investment Management, Inc. |
2 | Portfolio expenses have been partially absorbed by CSIM and Schwab. Without these reductions, the portfolio’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. |
3 | As stated in the prospectus. Includes expenses of the underlying funds in which the Portfolio invests. The annualized weighted average expense ratio of the underlying funds was 0.27%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
Number of Holdings | 6 |
Cap ($ x 1,000,000) | $54,494 |
Price/Earnings Ratio (P/E) | 59.3 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 25% |
Bonds | 56.0% |
Large-Cap Stocks | 19.8% |
International Stocks | 9.9% |
Small-Cap Stocks | 9.8% |
Short-Term Investments | 4.5% |
Total | 100.0% |
Schwab Total Bond Market Fund | 55.9% |
Schwab S&P 500 Index Fund | 19.7% |
Schwab International Index Fund | 9.9% |
Schwab Small-Cap Index Fund | 9.8% |
Fund, Institutional Shares | 4.3% |
Citibank, London Time Deposit | 0.2% |
Total | 99.8% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Portfolio and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Portfolio: Schwab MarketTrack Conservative Portfoliotm (11/20/95) | 11.82%* | 2.33% | 3.23% | |||||||||
Benchmark: Conservative Composite Index | 14.25% | 4.09% | 4.18% | |||||||||
Fund Category: Morningstar Conservative Allocation | 15.81% | 2.70% | 3.18% |
* | Total return for the report period presented in the table differs from the return in the Financial Highlights. The total return presented in the above table is calculated based on the NAV at which shareholder transactions were processed. The total return presented in the Financial Highlights section of the report is calculated in the same manner, but also taking into account certain adjustments that are necessary under generally accepted accounting principles required in the annual and semiannual reports. |
1 | The Conservative Composite Index is based on a comparable portfolio asset allocation and calculated using the following portion allocations: 30% Dow Jones U.S. Total Stock Market Index, 10% MSCI EAFE Index, 55% Barclays Capital U.S. Aggregate Bond Index, and 5% Barclays Capital U.S. Treasury Bills: 1-3 Months Index. The index is maintained by Charles Schwab Investment Management, Inc. |
2 | Portfolio expenses have been partially absorbed by CSIM and Schwab. Without these reductions, the portfolio’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on portfolio distributions or the redemption of portfolio shares. |
3 | As stated in the prospectus. Includes expenses of the underlying funds in which the Portfolio invests. The annualized weighted average expense ratio of the underlying funds was 0.36%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/3109 | |||||||||||||
Schwab MarketTrack All Equity Portfoliotm | ||||||||||||||||
Actual Return | 0.50% | $ | 1,000 | $ | 1,226.00 | $ | 2.81 | |||||||||
Hypothetical 5% Return | 0.50% | $ | 1,000 | $ | 1,022.68 | $ | 2.55 | |||||||||
Schwab MarketTrack Growth Portfoliotm | ||||||||||||||||
Investor Shares | ||||||||||||||||
Actual Return | 0.50% | $ | 1,000 | $ | 1,184.50 | $ | 2.75 | |||||||||
Hypothetical 5% Return | 0.50% | $ | 1,000 | $ | 1,022.68 | $ | 2.55 | |||||||||
P Shares | ||||||||||||||||
Actual Return | 0.35% | $ | 1,000 | $ | 1,185.50 | $ | 1.93 | |||||||||
Hypothetical 5% Return | 0.35% | $ | 1,000 | $ | 1,023.44 | $ | 1.79 | |||||||||
Schwab MarketTrack Balanced Portfoliotm | ||||||||||||||||
Actual Return | 0.50% | $ | 1,000 | $ | 1,151.40 | $ | 2.71 | |||||||||
Hypothetical 5% Return | 0.50% | $ | 1,000 | $ | 1,022.68 | $ | 2.55 | |||||||||
Schwab MarketTrack Conservative Portfoliotm | ||||||||||||||||
Actual Return | 0.50% | $ | 1,000 | $ | 1,117.10 | $ | 2.67 | |||||||||
Hypothetical 5% Return | 0.50% | $ | 1,000 | $ | 1,022.68 | $ | 2.55 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights; does not include expenses of underlying funds in which the portfolios invest. |
2 | Expenses for each fund or share class are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 9.44 | 15.58 | 13.63 | 11.55 | 10.44 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.30 | 0.20 | 0.21 | 0.11 | 0.12 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.83 | (6.11 | ) | 2.01 | 2.10 | 1.11 | ||||||||||||||
Total from investment operations | 1.13 | (5.91 | ) | 2.22 | 2.21 | 1.23 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.23 | ) | (0.22 | ) | (0.27 | ) | (0.13 | ) | (0.12 | ) | ||||||||||
Distributions from net realized gains | (0.52 | ) | (0.01 | ) | — | — | — | |||||||||||||
Total distributions | (0.75 | ) | (0.23 | ) | (0.27 | ) | (0.13 | ) | (0.12 | ) | ||||||||||
Net asset value at end of period | 9.82 | 9.44 | 15.58 | 13.63 | 11.55 | |||||||||||||||
Total return (%) | 13.54 | (38.46 | ) | 16.55 | 19.31 | 11.81 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses1 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | |||||||||||||||
Gross operating expenses1 | 0.67 | 0.73 | 0.72 | 0.74 | 0.75 | |||||||||||||||
Net investment income (loss) | 3.46 | 1.46 | 1.24 | 0.89 | 1.07 | |||||||||||||||
Portfolio turnover rate | 10 | 10 | 0 | 2 | 8 | 49 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 461 | 429 | 682 | 527 | 463 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
100 | .0% | Other Investment Companies | 494,223 | 460,832 | ||||||||
0 | .1% | Short-Term Investment | 572 | 572 | ||||||||
100 | .1% | Total Investments | 494,795 | 461,404 | ||||||||
(0 | .1)% | Other Assets and Liabilities, Net | (450 | ) | ||||||||
100 | .0% | Total Net Assets | 460,954 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Other Investment Companies 100.0% of net assets | ||||||||
Equity Funds 100.0% | ||||||||
Schwab International Index Fund (a) | 8,562,505 | 139,226 | ||||||
Schwab S&P 500 Index Fund (a) | 12,790,339 | 208,227 | ||||||
Schwab Small-Cap Index Fund (a) | 7,488,666 | 113,379 | ||||||
Total Other Investment Companies (Cost $494,223) | 460,832 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.1% of net assets | ||||||||
Commercial Paper & Other Obligations 0.1% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 572 | 572 | ||||||
Total Short-Term Investment (Cost $572) | 572 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $494,223) | $460,832 | |||||
Investments in unaffiliated issuers, at value (cost $572) | + | 572 | ||||
Total investments, at value (cost $494,795) | 461,404 | |||||
Receivables: | ||||||
Fund shares sold | 278 | |||||
Prepaid expenses | + | 7 | ||||
Total assets | 461,689 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 49 | |||||
Shareholder services fees to affiliate | 6 | |||||
Fund shares redeemed | 611 | |||||
Accrued expenses | + | 69 | ||||
Total liabilities | 735 | |||||
Net Assets | ||||||
Total assets | 461,689 | |||||
Total liabilities | − | 735 | ||||
Net assets | $460,954 | |||||
Net Assets by Source | ||||||
Capital received from investors | 555,883 | |||||
Net investment income not yet distributed | 567 | |||||
Net realized capital losses | (62,105 | ) | ||||
Net unrealized capital losses | (33,391 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$460,954 | 46,940 | $9.82 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $15,936 | |||||
Interest | + | 2 | ||||
Total investment income | 15,938 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on sales of affiliated underlying funds | (27,611 | ) | ||||
Net realized gains on unaffiliated investments | 1 | |||||
Net realized losses on futures contracts | + | (1,333 | ) | |||
Net realized losses | (28,943 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 65,941 | |||||
Net unrealized gains on futures contracts | + | 1,146 | ||||
Net unrealized gains | 67,087 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,451 | |||||
Transfer agent and shareholder services fees | 1,019 | |||||
Shareholder reports | 122 | |||||
Professional fees | 39 | |||||
Registration fees | 32 | |||||
Portfolio accounting fees | 22 | |||||
Custodian fees | 12 | |||||
Trustees’ fees | 10 | |||||
Other expense | + | 18 | ||||
Total expenses | 2,725 | |||||
Expense reduction by adviser and Schwab | − | 710 | ||||
Net expenses | 2,015 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 15,938 | |||||
Net expenses | − | 2,015 | ||||
Net investment income | 13,923 | |||||
Net realized losses | (28,943 | ) | ||||
Net unrealized gains | + | 67,087 | ||||
Increase in net assets from operations | $52,067 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $13,923 | $8,840 | ||||||||
Net realized gains (losses) | (28,943 | ) | 4,479 | |||||||
Net unrealized gains (losses) | + | 67,087 | (285,270 | ) | ||||||
Increase (Decrease) in net assets from operations | 52,067 | (271,951 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 10,448 | 9,700 | ||||||||
Distributions from net realized gains | + | 23,862 | 437 | |||||||
Total distributions | $34,310 | $10,137 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 8,708 | $74,119 | 11,241 | $147,763 | ||||||||||||||
Shares reinvested | 3,934 | 32,337 | 666 | 9,651 | ||||||||||||||
Shares redeemed | + | (11,183 | ) | (92,389 | ) | (10,225 | ) | (128,596 | ) | |||||||||
Net transactions in fund shares | 1,459 | $14,067 | $1,682 | $28,818 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 45,481 | $429,130 | 43,799 | $682,400 | ||||||||||||||
Total increase or decrease | + | 1,459 | 31,824 | 1,682 | (253,270 | ) | ||||||||||||
End of period | 46,940 | $460,954 | 45,481 | $429,130 | ||||||||||||||
Net investment income not yet distributed/Distributions in excess of net investment income | $567 | ($2,911 | ) |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Investor Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 13.71 | 21.09 | 19.16 | 16.81 | 15.57 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.39 | 0.37 | 0.40 | 0.30 | 0.27 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.25 | (6.94 | ) | 2.16 | 2.33 | 1.20 | ||||||||||||||
Total from investment operations | 1.64 | (6.57 | ) | 2.56 | 2.63 | 1.47 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.40 | ) | (0.41 | ) | (0.46 | ) | (0.28 | ) | (0.23 | ) | ||||||||||
Distributions from net realized gains | (0.44 | ) | (0.40 | ) | (0.17 | ) | — | — | ||||||||||||
Total distributions | (0.84 | ) | (0.81 | ) | (0.63 | ) | (0.28 | ) | (0.23 | ) | ||||||||||
Net asset value at end of period | 14.51 | 13.71 | 21.09 | 19.16 | 16.81 | |||||||||||||||
Total return (%) | 12.95 | (32.27 | ) | 13.69 | 15.83 | 9.48 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses1 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | |||||||||||||||
Gross operating expenses1 | 0.66 | 0.71 | 0.70 | 0.71 | 0.72 | |||||||||||||||
Net investment income (loss) | 3.03 | 1.99 | 1.94 | 1.74 | 1.58 | |||||||||||||||
Portfolio turnover rate | 23 | 10 | 4 | 7 | 33 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 507 | 454 | 686 | 602 | 657 |
11/1/08– | 11/1/07– | 11/1/06– | 4/6/062– | |||||||||||||
P Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | ||||||||||||
Per-Share Data ($) | ||||||||||||||||
Net asset value at beginning of period | 13.72 | 21.10 | 19.18 | 18.32 | ||||||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss) | 0.43 | 0.37 | 0.42 | 0.10 | ||||||||||||
Net realized and unrealized gains (losses) | 1.22 | (6.91 | ) | 2.16 | 0.76 | |||||||||||
Total from investment operations | 1.65 | (6.54 | ) | 2.58 | 0.86 | |||||||||||
Less distributions: | ||||||||||||||||
Distributions from net investment income | (0.42 | ) | (0.44 | ) | (0.49 | ) | — | |||||||||
Distributions from net realized gains | (0.44 | ) | (0.40 | ) | (0.17 | ) | — | |||||||||
Total distributions | (0.86 | ) | (0.84 | ) | (0.66 | ) | — | |||||||||
Net asset value at end of period | 14.51 | 13.72 | 21.10 | 19.18 | ||||||||||||
Total return (%) | 13.09 | (32.14 | ) | 13.83 | 4.69 | 3 | ||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||
Ratios to average net assets: | ||||||||||||||||
Net operating expenses1 | 0.35 | 0.35 | 0.35 | 0.35 | 4 | |||||||||||
Gross operating expenses1 | 0.51 | 0.56 | 0.55 | 0.56 | 4 | |||||||||||
Net investment income (loss) | 3.31 | 2.10 | 2.07 | 0.95 | 4 | |||||||||||
Portfolio turnover rate | 23 | 10 | 4 | 7 | 3 | |||||||||||
Net assets, end of period ($ x 1,000,000) | 84 | 94 | 138 | 119 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .1% | Other Investment Companies | 544,928 | 585,551 | ||||||||
1 | .0% | Short-Term Investment | 5,928 | 5,928 | ||||||||
100 | .1% | Total Investments | 550,856 | 591,479 | ||||||||
(0 | .1)% | Other Assets and Liabilities, Net | (624 | ) | ||||||||
100 | .0% | Total Net Assets | 590,855 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Other Investment Companies 99.1% of net assets | ||||||||
Equity Funds 79.7% | ||||||||
Schwab International Index Fund (a) | 7,252,275 | 117,922 | ||||||
Schwab S&P 500 Index Fund (a) | 14,588,652 | 237,503 | ||||||
Schwab Small-Cap Index Fund (a) | 7,630,640 | 115,528 | ||||||
470,953 | ||||||||
Fixed-Income Funds 15.5% | ||||||||
Schwab Total Bond Market Fund (a) | 10,103,612 | 91,337 | ||||||
Money Funds 3.9% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 23,260,416 | 23,261 | ||||||
Total Other Investment Companies (Cost $544,928) | 585,551 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.0% of net assets | ||||||||
Commercial Paper & Other Obligations 1.0% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 5,928 | 5,928 | ||||||
Total Short-Term Investment (Cost $5,928) | 5,928 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $544,928) | $585,551 | |||||
Investments in unaffiliated issuers, at value (cost $5,928) | + | 5,928 | ||||
Total investments, at value (cost $550,856) | 591,479 | |||||
Receivables: | ||||||
Fund shares sold | 440 | |||||
Dividends | 278 | |||||
Prepaid expenses | + | 9 | ||||
Total assets | 592,206 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 281 | |||||
Investment adviser and administrator fees | 41 | |||||
Shareholder services fees to affiliate | 4 | |||||
Fund shares redeemed | 953 | |||||
Accrued expenses | + | 72 | ||||
Total liabilities | 1,351 | |||||
Net Assets | ||||||
Total assets | 592,206 | |||||
Total liabilities | − | 1,351 | ||||
Net assets | $590,855 | |||||
Net Assets by Source | ||||||
Capital received from investors | 584,307 | |||||
Net investment income not yet distributed | 4,242 | |||||
Net realized capital losses | (38,317 | ) | ||||
Net unrealized capital gains | 40,623 |
Shares | ||||||||||||
Share Class | Net Assets | ¸ | Outstanding | = | NAV | |||||||
Investor Shares | $507,195 | 34,945 | $14.51 | |||||||||
P Shares | $83,660 | 5,764 | $14.51 |
Investment Income | ||||||
Dividends received from affiliated underlying funds and stocks | $17,606 | |||||
Dividends received from unaffiliated issuers | 947 | |||||
Interest | + | 1 | ||||
Total investment income | 18,554 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on sales of affiliated underlying funds and stocks | (23,347 | ) | ||||
Net realized losses on unaffiliated investments | + | (7,739 | ) | |||
Net realized losses | (31,086 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds and stocks | 96,202 | |||||
Net unrealized losses on unaffiliated investments | + | (17,890 | ) | |||
Net unrealized gains | 78,312 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,887 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares | 1,112 | |||||
P Shares | 85 | |||||
Shareholder reports | 91 | |||||
Professional fees | 40 | |||||
Registration fees | 31 | |||||
Portfolio accounting fees | 26 | |||||
Custodian fees | 14 | |||||
Trustees’ fees | 11 | |||||
Interest expense | 1 | |||||
Other expenses | + | 20 | ||||
Total expenses | 3,318 | |||||
Expense reduction by adviser and Schwab | − | 827 | ||||
Net expenses | 2,491 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 18,554 | |||||
Net expenses | − | 2,491 | ||||
Net investment income | 16,063 | |||||
Net realized losses | (31,086 | ) | ||||
Net unrealized gains | + | 78,312 | ||||
Increase in net assets from operations | 63,289 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $16,063 | $14,619 | ||||||||
Net realized gains (losses) | (31,086 | ) | 15,981 | |||||||
Net unrealized gains (losses) | �� | + | 78,312 | (295,758 | ) | |||||
Increase (Decrease) in net assets from operations | 63,289 | (265,158 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 13,232 | 13,372 | ||||||||
P Shares | + | 2,792 | 3,067 | |||||||
Total distributions from net investment income | 16,024 | 16,439 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | 14,726 | 13,018 | ||||||||
P Shares | + | 2,924 | 2,778 | |||||||
Total distributions from net realized gains | 17,650 | 15,796 | ||||||||
Total distributions | $33,674 | $32,235 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 6,665 | $86,068 | 5,270 | $93,615 | ||||||||||||||
P Shares | + | 674 | 8,706 | 1,702 | 31,974 | |||||||||||||
Total shares sold | 7,339 | $94,774 | 6,972 | $125,589 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 2,157 | $26,857 | 1,316 | $25,447 | ||||||||||||||
P Shares | + | 460 | 5,715 | 302 | 5,845 | |||||||||||||
Total shares reinvested | 2,617 | $32,572 | 1,618 | $31,292 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (6,983 | ) | ($86,230 | ) | (6,000 | ) | ($104,934 | ) | ||||||||||
P Shares | + | (2,240 | ) | (28,121 | ) | (1,659 | ) | (29,888 | ) | |||||||||
Total shares redeemed | (9,223 | ) | ($114,351 | ) | (7,659 | ) | ($134,822 | ) | ||||||||||
Net transactions in fund shares | 733 | $12,995 | 931 | $22,059 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 39,976 | $548,245 | 39,045 | $823,579 | ||||||||||||||
Total increase or decrease | + | 733 | 42,610 | 931 | (275,334 | ) | ||||||||||||
End of period | 40,709 | $590,855 | 39,976 | $548,245 | ||||||||||||||
Net investment income not yet distributed | $4,242 | $4,220 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 12.74 | 18.13 | 17.04 | 15.46 | 14.66 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.38 | 0.42 | 0.47 | 0.38 | 0.34 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.11 | (5.06 | ) | 1.41 | 1.58 | 0.74 | ||||||||||||||
Total from investment operations | 1.49 | (4.64 | ) | 1.88 | 1.96 | 1.08 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.44 | ) | (0.48 | ) | (0.50 | ) | (0.34 | ) | (0.28 | ) | ||||||||||
Distributions from net realized gains | (0.25 | ) | (0.27 | ) | (0.29 | ) | (0.04 | ) | — | |||||||||||
Total distributions | (0.69 | ) | (0.75 | ) | (0.79 | ) | (0.38 | ) | (0.28 | ) | ||||||||||
Net asset value at end of period | 13.54 | 12.74 | 18.13 | 17.04 | 15.46 | |||||||||||||||
Total return (%) | 12.41 | (26.59 | ) | 11.38 | 12.92 | 7.41 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses1 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | |||||||||||||||
Gross operating expenses1 | 0.66 | 0.72 | 0.72 | 0.73 | 0.73 | |||||||||||||||
Net investment income (loss) | 3.09 | 2.57 | 2.65 | 2.35 | 2.20 | |||||||||||||||
Portfolio turnover rate | 30 | 17 | 6 | 8 | 25 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 434 | 405 | 598 | 534 | 519 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .4% | Other Investment Companies | 391,412 | 426,921 | ||||||||
1 | .1% | Short-Term Investment | 4,624 | 4,624 | ||||||||
99 | .5% | Total Investments | 396,036 | 431,545 | ||||||||
0 | .5% | Other Assets and Liabilities, Net | 1,985 | |||||||||
100 | .0% | Total Net Assets | 433,530 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Other Investment Companies 98.4% of net assets | ||||||||
Equity Funds 59.2% | ||||||||
Schwab International Index Fund (a) | 3,947,359 | 64,184 | ||||||
Schwab S&P 500 Index Fund (a) | 7,893,746 | 128,510 | ||||||
Schwab Small-Cap Index Fund (a) | 4,244,673 | 64,265 | ||||||
256,959 | ||||||||
Fixed-Income Funds 35.8% | ||||||||
Schwab Total Bond Market Fund (a) | 17,171,458 | 155,230 | ||||||
Money Funds 3.4% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 14,732,411 | 14,732 | ||||||
Total Other Investment Companies (Cost $391,412) | 426,921 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.1% of net assets | ||||||||
Commercial Paper & Other Obligations 1.1% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 4,624 | 4,624 | ||||||
Total Short-Term Investment (Cost $4,624) | 4,624 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $391,412) | $426,921 | |||||
Investments in unaffiliated issuers, at value (cost $4,624) | + | 4,624 | ||||
Total investments, at value (cost $396,036) | 431,545 | |||||
Cash | 2,000 | |||||
Receivables: | ||||||
Dividends | 476 | |||||
Fund shares sold | 304 | |||||
Prepaid expenses | + | 7 | ||||
Total assets | 434,332 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 482 | |||||
Investment adviser and administrator fees | 18 | |||||
Shareholder services fees to affiliate | 4 | |||||
Fund shares redeemed | 248 | |||||
Accrued expenses | + | 50 | ||||
Total liabilities | 802 | |||||
Net Assets | ||||||
Total assets | 434,332 | |||||
Total liabilities | − | 802 | ||||
Net assets | $433,530 | |||||
Net Assets by Source | ||||||
Capital received from investors | 421,442 | |||||
Net investment income not yet distributed | 5,019 | |||||
Net realized capital losses | (28,440 | ) | ||||
Net unrealized capital gains | 35,509 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$433,530 | 32,023 | $13.54 |
Investment Income | ||||||
Dividends received from affiliated underlying funds and stocks | $13,490 | |||||
Dividends received from unaffiliated issuers | 630 | |||||
Interest | + | 3 | ||||
Total investment income | 14,123 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on sales of affiliated underlying funds and stocks | (18,412 | ) | ||||
Net realized losses on unaffiliated investments | + | (5,728 | ) | |||
Net realized losses | (24,140 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized losses on unaffiliated investments | (11,406 | ) | ||||
Net unrealized gains on affiliated underlying funds and stocks | + | 69,372 | ||||
Net unrealized gains | 57,966 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,428 | |||||
Transfer agent and shareholder service fees | 999 | |||||
Shareholder reports | 48 | |||||
Professional fees | 39 | |||||
Registration fees | 30 | |||||
Portfolio accounting fees | 24 | |||||
Custodian fees | 12 | |||||
Trustees’ fees | 9 | |||||
Other expenses | + | 5 | ||||
Total expenses | 2,594 | |||||
Expense reduction by adviser and Schwab | − | 629 | ||||
Net expenses | 1,965 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 14,123 | |||||
Net expenses | − | 1,965 | ||||
Net investment income | 12,158 | |||||
Net realized losses | (24,140 | ) | ||||
Net unrealized gains | + | 57,966 | ||||
Increase in net assets from operations | $45,984 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $12,158 | $13,698 | ||||||||
Net realized gains (losses) | (24,140 | ) | 6,587 | |||||||
Net unrealized gains (losses) | + | 57,966 | (174,098 | ) | ||||||
Increase (Decrease) in net assets from operations | 45,984 | (153,813 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 14,076 | 15,748 | ||||||||
Distributions from net realized gains | + | 7,744 | 9,065 | |||||||
Total distributions | $21,820 | $24,813 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 5,528 | $67,635 | 5,213 | $83,413 | ||||||||||||||
Shares reinvested | 1,742 | 20,735 | 1,408 | 23,635 | ||||||||||||||
Shares redeemed | + | (7,035 | ) | (84,003 | ) | (7,834 | ) | (121,760 | ) | |||||||||
Net transactions in fund shares | 235 | $4,367 | (1,213 | ) | ($14,712 | ) | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 31,788 | $404,999 | 33,001 | $598,337 | ||||||||||||||
Total increase or decrease | + | 235 | 28,531 | (1,213 | ) | (193,338 | ) | |||||||||||
End of period | 32,023 | $433,530 | 31,788 | $404,999 | ||||||||||||||
Net investment income not yet distributed | $5,019 | $6,950 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Investor Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 11.34 | 14.90 | 14.33 | 13.42 | 13.09 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.37 | 0.43 | 0.49 | 0.42 | 0.36 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.91 | (3.40 | ) | 0.78 | 0.92 | 0.32 | ||||||||||||||
Total from investment operations | 1.28 | (2.97 | ) | 1.27 | 1.34 | 0.68 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.38 | ) | (0.46 | ) | (0.51 | ) | (0.42 | ) | (0.35 | ) | ||||||||||
Distributions from net realized gains | (0.09 | ) | (0.13 | ) | (0.19 | ) | (0.01 | ) | — | |||||||||||
Total distributions | (0.47 | ) | (0.59 | ) | (0.70 | ) | (0.43 | ) | (0.35 | ) | ||||||||||
Net asset value at end of period | 12.15 | 11.34 | 14.90 | 14.33 | 13.42 | |||||||||||||||
Total return (%) | 11.72 | (20.59 | ) | 9.12 | 10.13 | 5.24 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses1 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | |||||||||||||||
Gross operating expenses1 | 0.68 | 0.74 | 0.73 | 0.74 | 0.75 | |||||||||||||||
Net investment income (loss) | 3.31 | 3.12 | 3.37 | 3.12 | 2.67 | |||||||||||||||
Portfolio turnover rate | 25 | 16 | 4 | 11 | 9 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 181 | 182 | 252 | 232 | 300 |
11/1/08– | 11/01/07– | 11/01/06– | 4/06/063– | |||||||||||||
P Shares | 8/04/092 | 10/31/08 | 10/31/07 | 10/31/06 | ||||||||||||
Per-Share Data ($) | ||||||||||||||||
Net asset value at beginning of period | 11.30 | 14.87 | 14.32 | 13.93 | ||||||||||||
Income (loss) from investment operations: | ||||||||||||||||
Net investment income (loss) | 0.30 | 0.42 | 0.51 | 0.23 | ||||||||||||
Net realized and unrealized gains (losses) | 0.67 | (3.36 | ) | 0.78 | 0.35 | |||||||||||
Total from investment operations | 0.97 | (2.94 | ) | 1.29 | 0.58 | |||||||||||
Less distributions: | ||||||||||||||||
Distributions from net investment income | (0.33 | ) | (0.50 | ) | (0.55 | ) | (0.19 | ) | ||||||||
Distributions from net realized gains | (0.09 | ) | (0.13 | ) | (0.19 | ) | — | |||||||||
Total distributions | (0.42 | ) | (0.63 | ) | (0.74 | ) | (0.19 | ) | ||||||||
Net asset value at end of period | 11.85 | 11.30 | 14.87 | 14.32 | ||||||||||||
Total return (%) | 8.88 | 4 | (20.47 | ) | 9.32 | 4.22 | 4 | |||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||
Ratios to average net assets: | ||||||||||||||||
Net operating expenses1 | 0.35 | 5 | 0.35 | 0.35 | 0.35 | 5 | ||||||||||
Gross operating expenses1 | 0.57 | 5 | 0.59 | 0.58 | 0.60 | 5 | ||||||||||
Net investment income (loss) | 3.63 | 5 | 3.20 | 3.48 | 2.81 | 5 | ||||||||||
Portfolio turnover rate | 25 | 16 | 4 | 11 | 4 | |||||||||||
Net assets, end of period ($ x 1,000,000) | 95 | 86 | 99 | 79 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .6% | Other Investment Companies | 166,912 | 179,920 | ||||||||
0 | .2% | Short-Term Investment | 306 | 306 | ||||||||
99 | .8% | Total Investments | 167,218 | 180,226 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 451 | |||||||||
100 | .0% | Total Net Assets | 180,677 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Other Investment Companies 99.6% of net assets | ||||||||
Equity Funds 39.4% | ||||||||
Schwab International Index Fund (a) | 1,099,466 | 17,877 | ||||||
Schwab S&P 500 Index Fund (a) | 2,190,907 | 35,668 | ||||||
Schwab Small-Cap Index Fund (a) | 1,166,848 | 17,666 | ||||||
71,211 | ||||||||
Fixed-Income Funds 55.9% | ||||||||
Schwab Total Bond Market Fund (a) | 11,171,182 | 100,988 | ||||||
Money Funds 4.3% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 7,721,069 | 7,721 | ||||||
Total Other Investment Companies (Cost $166,912) | 179,920 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.2% of net assets | ||||||||
Commercial Paper & Other Obligations 0.2% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 306 | 306 | ||||||
Total Short-Term Investment (Cost $306) | 306 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $166,912) | $179,920 | |||||
Investments in unaffiliated issuers, at value (cost $306) | + | 306 | ||||
Total investments, at value (cost $167,218) | 180,226 | |||||
Receivables: | ||||||
Investments sold | 800 | |||||
Dividends | 312 | |||||
Fund shares sold | 92 | |||||
Prepaid expenses | + | 3 | ||||
Total assets | 181,433 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 316 | |||||
Investment adviser and administrator fees | 9 | |||||
Shareholder services fees to affiliate | 2 | |||||
Fund shares redeemed | 390 | |||||
Accrued expenses | + | 39 | ||||
Total liabilities | 756 | |||||
Net Assets | ||||||
Total assets | 181,433 | |||||
Total liabilities | − | 756 | ||||
Net assets | $180,677 | |||||
Net Assets by Source | ||||||
Capital received from investors | 189,089 | |||||
Net investment income not yet distributed | 229 | |||||
Net realized capital losses | (21,649 | ) | ||||
Net unrealized capital gains | 13,008 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$180,677 | 14,871 | $12.15 |
Investment Income | ||||||
Dividends received from affiliated underlying funds and stocks | $8,918 | |||||
Dividends received from unaffiliated issuers | 149 | |||||
Interest | + | 1 | ||||
Total investment income | 9,068 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on sales of affiliated underlying funds and stocks | (17,256 | ) | ||||
Net realized losses on unaffiliated investments | + | (2,423 | ) | |||
Net realized losses | (19,679 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds and stocks | 38,686 | |||||
Net unrealized losses on unaffiliated investments | + | (1,607 | ) | |||
Net unrealized gains | 37,079 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 890 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares | 435 | |||||
P Shares1 | 65 | |||||
Professional fees | 39 | |||||
Registration fees | 23 | |||||
Portfolio accounting fees | 21 | |||||
Shareholder reports | 19 | |||||
Custodian fees | 9 | |||||
Trustees’ fees | 8 | |||||
Other expenses | + | 10 | ||||
Total expenses | 1,519 | |||||
Expense reduction by adviser and Schwab | − | 441 | ||||
Net expenses | 1,078 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 9,068 | |||||
Net expenses | − | 1,078 | ||||
Net investment income | 7,990 | |||||
Net realized losses | (19,679 | ) | ||||
Net unrealized gains | + | 37,079 | ||||
Increase in net assets from operations | $25,390 |
1 | Effective August 4, 2009, all outstanding P shares were redeemed. The Board of Trustees voted that effective December 10, 2009 the fund will no longer offer P shares. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $7,990 | $10,619 | ||||||||
Net realized gains (losses) | (19,679 | ) | 1,899 | |||||||
Net unrealized gains (losses) | + | 37,079 | (85,437 | ) | ||||||
Increase (Decrease) in net assets from operations | 25,390 | (72,919 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 5,882 | 7,893 | ||||||||
P Shares | + | 2,531 | 3,905 | |||||||
Total distributions from net investment income | 8,413 | 11,798 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | 1,450 | 2,228 | ||||||||
P Shares | + | 714 | 1,018 | |||||||
Total distributions from net realized gains | 2,164 | 3,246 | ||||||||
Total distributions | $10,577 | $15,044 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 3,062 | $34,493 | 3,003 | $41,069 | ||||||||||||||
P Shares | + | 861 | 9,543 | 2,204 | 31,328 | |||||||||||||
Total shares sold | 3,923 | $44,036 | 5,207 | $72,397 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 612 | $6,892 | 689 | $9,481 | ||||||||||||||
P Shares | + | 294 | 3,244 | 358 | 4,923 | |||||||||||||
Total shares reinvested | 906 | $10,136 | 1,047 | $14,404 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (4,893 | ) | ($53,978 | ) | (4,522 | ) | ($59,815 | ) | ||||||||||
P Shares | + | (8,763 | ) | (102,700 | ) | (1,596 | ) | (21,433 | ) | |||||||||
Total shares redeemed | (13,656 | ) | ($156,678 | ) | (6,118 | ) | ($81,248 | ) | ||||||||||
Net transactions in fund shares | (8,827 | ) | ($102,506 | ) | 136 | $5,553 | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 23,698 | $268,370 | 23,562 | $350,780 | ||||||||||||||
Total increase or decrease | + | (8,827 | ) | (87,693 | ) | 136 | (82,410 | ) | ||||||||||
End of period | 14,871 | $180,677 | 23,698 | $268,370 | ||||||||||||||
Net investment income not yet distributed | $229 | $655 |
1 | Effective August 4, 2009, all outstanding P shares were redeemed. The Board of Trustees voted that effective December 10, 2009 the fund will no longer offer P shares. |
Schwab Capital Trust (organized May 7, 1993) Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Laudus Small-Cap MarketMasters Fund Laudus International MarketMasters Fund Schwab Balanced Fund Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund | Schwab Financial Services Fund Schwab Health Care Fund Schwab International Core Equity Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund-Moderate Payout Schwab Monthly Income Fund-Enhanced Payout Schwab Monthly Income Fund-Maximum Payout | |||
(All dollar amounts are x 1,000)
• | Securities traded on an exchange or over-the-counter: valued at the closing value for the day, or, on days when no closing value has been reported, halfway between the most recent bid and asked quotes. Securities that are primarily traded on foreign exchanges are valued at the closing values of such securities on their respective exchanges with these values then translated into U.S. dollars at the valuation date exchange rate. | |
• | Securities for which no quoted value is available or when a significant event has occurred between the time of the security’s last close and the time the fund calculates net asset value: valued at fair value, as determined in good faith by the funds’ investment adviser using guidelines adopted by the funds’ Board of Trustees and the Pricing Committee. Some of the more common reasons that may necessitate that a security be valued at fair value include: the security’s trading has been halted or suspended; the security has been delisted from a national exchange; the security’s primary pricing source is not able or willing to provide a price, or certain foreign securities’ closing market prices adjusted for changes in value that may occur between the close of foreign exchange and the time at which funds’ shares are priced. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to the procedures. | |
• | Futures and Forwards contracts: valued at their settlement prices as of the close of their exchanges (for futures) or at a value based on that day’s exchange rates (for forwards). | |
• | Underlying funds: valued at their respective net asset values as determined by those funds in accordance with the 1940 Act for a given day. | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. |
• | Level 1 — quoted prices in active markets for identical securities. — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The funds do not adjust the quoted price for such investments, even in situations where the funds hold a large position and a sale could reasonably impact the quoted price. | |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of |
(All dollar amounts are x 1,000)
international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. |
• | Level 3 — significant unobservable inputs (including the funds’ own assumptions in determining the fair value of investments). — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
Schwab MarketTrack All Equity Portfolio | ||||||||||||||||
Quoted Prices | ||||||||||||||||
in Active | Significant | |||||||||||||||
Markets for | Other | Significant | ||||||||||||||
Identical | Observable | Unobservable | ||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $460,832 | $— | $— | $460,832 | ||||||||||||
Short-Term Investment(a) | — | 572 | — | $572 | ||||||||||||
Total | $460,832 | $572 | $— | $461,404 | ||||||||||||
Schwab MarketTrack Growth Portfolio | ||||||||||||||||
Quoted Prices | ||||||||||||||||
in Active | Significant | |||||||||||||||
Markets for | Other | Significant | ||||||||||||||
Identical | Observable | Unobservable | ||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $585,551 | $— | $— | $585,551 | ||||||||||||
Short-Term Investment(a) | — | 5,928 | — | 5,928 | ||||||||||||
Total | $585,551 | $5,928 | $— | $591,479 | ||||||||||||
Schwab MarketTrack Balanced Portfolio | ||||||||||||||||
Quoted Prices | ||||||||||||||||
in Active | Significant | |||||||||||||||
Markets for | Other | Significant | ||||||||||||||
Identical | Observable | Unobservable | ||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $426,921 | $— | $— | $426,921 | ||||||||||||
Short-Term Investment(a) | — | 4,624 | — | 4,624 | ||||||||||||
Total | $426,921 | $4,624 | $— | $431,545 | ||||||||||||
(All dollar amounts are x 1,000)
Schwab MarketTrack Conservative Portfolio | ||||||||||||||||
Quoted Prices | ||||||||||||||||
in Active | Significant | |||||||||||||||
Markets for | Other | Significant | ||||||||||||||
Identical | Observable | Unobservable | ||||||||||||||
Assets | Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $179,920 | $— | $— | $179,920 | ||||||||||||
Short-Term Investment(a) | — | 306 | — | 306 | ||||||||||||
Total | $179,920 | $306 | $— | $180,226 | ||||||||||||
* | The fund had no Other Financial Instruments. | |
(a) | As categorized in Portfolio Holdings |
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
% of Average Daily | All Equity | Growth | Balanced | Conservative | ||||||||||||
Net Assets | Portfolio | Portfolio* | Portfolio | Portfolio* | ||||||||||||
Current rate | 0.23% | 0.23% | 0.23% | 0.23% | ||||||||||||
Prior to July 1, 2009, the fees were: | ||||||||||||||||
First $500 million | 0.44% | 0.44% | 0.44% | 0.44% | ||||||||||||
Over $500 million | 0.39% | 0.39% | 0.39% | 0.39% |
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
% of Average Daily | All Equity | Growth | Balanced | Conservative | ||||||||||||
Net Assets | Portfolio | Portfolio* | Portfolio | Portfolio* | ||||||||||||
Investor Shares | 0.25% | 0.25% | 0.25% | 0.25% | ||||||||||||
P Shares* | n/a | 0.10% | n/a | n/a |
Transfer Agent Fees | Shareholder Service Fees | |||||||
Investor Shares | 0.05% | 0.20% | ||||||
P Shares* | 0.05% | 0.05% |
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
% of Average Daily | All Equity | Growth | Balanced | Conservative | ||||||||||||
Net Assets | Portfolio | Portfolio | Portfolio | Portfolio | ||||||||||||
Investor Shares | 0.50% | 0.50% | 0.50% | 0.50% | ||||||||||||
P Shares* | n/a | 0.35% | n/a | 0.35% |
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
All Equity | Growth | Balanced | Conservative | |||||||||||||
Portfolio | Portfolio | Portfolio | Portfolio | |||||||||||||
Schwab Equity Index Funds: | ||||||||||||||||
Schwab International Index Fund | 9.9% | 10.1% | 4.7% | 1.3% | ||||||||||||
Schwab S&P 500 Index Fund | 2.4% | 2.7% | 1.5% | 0.4% | ||||||||||||
Schwab Small-Cap Index Fund | 10.2% | 8.6% | 5.6% | 1.6% | ||||||||||||
Schwab Bond Funds: | ||||||||||||||||
Schwab Total Bond Market Fund | —% | 9.8% | 16.7% | 10.9% | ||||||||||||
Schwab Money Funds: | ||||||||||||||||
Schwab Value Advantage Money Fund | —% | 0.1% | —% | —% |
Schwab MarketTrack All Equity Portfolio | $ | — | ||
Schwab MarketTrack Growth Portfolio | 61,069 | |||
Schwab MarketTrack Balanced Portfolio | 40,771 | |||
Schwab MarketTrack Conservative Portfolio | 9,607 |
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||
Balance | Gain (Loss) | Received* | ||||||||||||||||||||||||||
Balance of | of Shares | Market | 11/01/2008 | 11/01/2008 | ||||||||||||||||||||||||
Shares Held | Gross | Gross | Held at | Value at | to | to | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/2009 | 10/31/2009 | 10/31/2009 | 10/31/2009 | |||||||||||||||||||||
Schwab Equity Index Funds: | ||||||||||||||||||||||||||||
Schwab International Index Fund | 9,006,531 | 614,372 | (1,058,398 | ) | 8,562,505 | $139,226 | ($8,382 | ) | $5,707 | |||||||||||||||||||
Schwab S&P 500 Index Fund | — | 12,879,891 | (89,552 | ) | 12,790,339 | 208,227 | (581 | ) | — | |||||||||||||||||||
Schwab Small-Cap Index Fund | 7,853,845 | 500,447 | (865,626 | ) | 7,488,666 | 113,379 | (8,455 | ) | 2,340 | |||||||||||||||||||
Schwab Institutional Select Funds: | ||||||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Index Fund | 24,175,121 | 3,128,652 | (27,303,773 | ) | — | — | (10,193 | ) | 7,889 | |||||||||||||||||||
Total | $460,832 | ($27,611 | ) | $15,936 | ||||||||||||||||||||||||
Realized | Distribution | |||||||||||||||||||||||||||
Balance | Gain (Loss) | Received* | ||||||||||||||||||||||||||
Balance of | of Shares | Market | 11/01/2008 | 11/01/2008 | ||||||||||||||||||||||||
Shares Held | Gross | Gross | Held at | Value at | to | to | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/2009 | 10/31/2009 | 10/31/2009 | 10/31/2009 | |||||||||||||||||||||
Schwab Equity Index Funds: | ||||||||||||||||||||||||||||
Schwab International Index Fund | 7,559,140 | 539,543 | (846,408 | ) | 7,252,275 | $117,922 | ($5,036 | ) | $4,915 | |||||||||||||||||||
Schwab S&P 500 Index Fund | — | 14,646,843 | (58,191 | ) | 14,588,652 | 237,503 | (163 | ) | — | |||||||||||||||||||
Schwab Small-Cap Index Fund | 7,975,717 | 944,206 | (1,289,283 | ) | 7,630,640 | 115,528 | (9,503 | ) | 2,450 | |||||||||||||||||||
Schwab Institutional Select Funds: | ||||||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | 17,368,767 | 13,056,677 | (30,425,443 | ) | — | — | (5,847 | ) | 6,979 | |||||||||||||||||||
Schwab Bond Funds: | ||||||||||||||||||||||||||||
Schwab Total Bond Market Fund | 9,539,883 | 3,048,022 | (2,484,293 | ) | 10,103,612 | 91,337 | (2,845 | ) | 3,105 | |||||||||||||||||||
Schwab Money Funds: | ||||||||||||||||||||||||||||
Schwab Value Advantage Money Fund | 27,419,712 | 3,140,704 | (7,300,000 | ) | 23,260,416 | 23,261 | — | 156 | ||||||||||||||||||||
Institutional Shares | ||||||||||||||||||||||||||||
The Charles Schwab Corp. | 11,242 | (11,242 | ) | — | — | 47 | 1 | |||||||||||||||||||||
Total | $585,551 | ($23,347 | ) | $17,606 | ||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||
Balance | Gain (Loss) | Received* | ||||||||||||||||||||||||||
Balance of | of Shares | Market | 11/01/2008 | 11/01/2008 | ||||||||||||||||||||||||
Shares Held | Gross | Gross | Held at | Value at | to | to | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/2009 | 10/31/2009 | 10/31/2009 | 10/31/2009 | |||||||||||||||||||||
Schwab Equity Index Funds: | ||||||||||||||||||||||||||||
Schwab International Index Fund | 4,194,205 | 512,359 | (759,205 | ) | 3,947,359 | $64,184 | ($1,754 | ) | $2,805 | |||||||||||||||||||
Schwab S&P 500 Index Fund | — | 7,893,746 | — | 7,893,746 | 128,510 | (505 | ) | — | ||||||||||||||||||||
Schwab Small-Cap Index Fund | 4,455,891 | 1,008,292 | (1,219,510 | ) | 4,244,673 | 64,265 | (6,318 | ) | 1,392 | |||||||||||||||||||
Schwab Bond Funds: | ||||||||||||||||||||||||||||
Schwab Total Bond Market Fund | 16,524,627 | 4,463,751 | (3,816,920 | ) | 17,171,458 | 155,230 | (4,391 | ) | 5,501 | |||||||||||||||||||
Schwab Institutional Select Funds: | ||||||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Index | 8,600,045 | 9,789,321 | (18,389,366 | ) | — | — | (5,474 | ) | 3,706 | |||||||||||||||||||
Schwab Money Funds: | ||||||||||||||||||||||||||||
Schwab Value Advantage Money Fund | 12,712,884 | 2,069,527 | (50,000 | ) | 14,732,411 | 14,732 | — | 85 | ||||||||||||||||||||
The Charles Schwab Corp. | 6,883 | — | (6,883 | ) | — | — | 30 | 1 | ||||||||||||||||||||
Total | $426,921 | ($18,412 | ) | $13,490 | ||||||||||||||||||||||||
Realized | Distribution | |||||||||||||||||||||||||||
Balance | Gain (Loss) | Received* | ||||||||||||||||||||||||||
Balance of | of Shares | Market | 11/01/2008 | 11/01/2008 | ||||||||||||||||||||||||
Shares Held | Gross | Gross | Held at | Value at | to | to | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/2009 | 10/31/2009 | 10/31/2009 | 10/31/2009 | |||||||||||||||||||||
Schwab Equity Index Funds: | ||||||||||||||||||||||||||||
Schwab International Index Fund | 1,861,475 | 354,184 | (1,116,193 | ) | 1,099,466 | $17,877 | $343 | $1,285 | ||||||||||||||||||||
Schwab S&P 500 Index Fund | 1,785,442 | 2,294,095 | (1,888,630 | ) | 2,190,907 | 35,668 | (382 | ) | 704 | |||||||||||||||||||
Schwab Small-Cap Index Fund | 1,958,569 | 477,793 | (1,269,514 | ) | 1,166,848 | 17,666 | (3,415 | ) | 619 | |||||||||||||||||||
Schwab Institutional Select Funds: | ||||||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | 1,973,844 | 3,386,063 | (5,359,907 | ) | — | — | (3,167 | ) | 1,031 | |||||||||||||||||||
Schwab Bond Funds: | ||||||||||||||||||||||||||||
Schwab Total Bond Market Fund | 17,173,417 | 3,094,768 | (9,097,003 | ) | 11,171,182 | 100,988 | (10,638 | ) | 5,211 | |||||||||||||||||||
Schwab Money Funds: | ||||||||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 10,389,731 | 556,338 | (3,225,000 | ) | 7,721,069 | 7,721 | — | 68 | ||||||||||||||||||||
The Charles Schwab Corp. | 2,125 | — | (2,125 | ) | — | — | 3 | — | ||||||||||||||||||||
Total | $179,920 | ($17,256 | ) | $8,918 | ||||||||||||||||||||||||
* | Distributions received include distributions from net investment income and from capital gains from the underlying funds. |
(All dollar amounts are x 1,000)
Purchases of Securities | Sales/Maturities of Securities | |||||||
Schwab MarketTrack All Equity Portfolio | $38,786 | $39,025 | ||||||
Schwab MarketTrack Growth Portfolio | 122,730 | 130,890 | ||||||
Schwab MarketTrack Balanced Portfolio | 116,932 | 122,962 | ||||||
Schwab MarketTrack Conservative Portfolio | 58,930 | 163,433 |
Current Period | Prior Period | |||||||
(11/01/08-10/31/09) | (11/01/07-10/31/08) | |||||||
Schwab MarketTrack All Equity Portfolio | $18 | $62 | ||||||
Schwab MarketTrack Growth Portfolio | 19 | 18 | ||||||
Schwab MarketTrack Balance Portfolio | 8 | 14 | ||||||
Schwab MarketTrack Conservative Portfolio | 7 | 14 |
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
All Equity | Growth | Balanced | Conservative | |||||||||||||
Portfolio | Portfolio | Portfolio | Portfolio | |||||||||||||
Undistributed ordinary income | $— | $4,243 | $5,018 | $230 | ||||||||||||
Undistributed long-term capital gains | — | — | — | — | ||||||||||||
Unrealized appreciation | — | 39,581 | 34,096 | 9,487 | ||||||||||||
Unrealized depreciation | (58,920 | ) | (3,186 | ) | (5,714 | ) | (3,825 | ) | ||||||||
Other unrealized appreciation/(depreciation) | — | — | — | — | ||||||||||||
Net unrealized appreciation/(depreciation) | ($58,920 | ) | $36,395 | $28,382 | $5,662 |
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
All Equity | Growth | Balanced | Conservative | |||||||||||||
Portfolio* | Portfolio | Portfolio | Portfolio | |||||||||||||
Expiration Date | ||||||||||||||||
December 31, 2016 | $12,514 | — | — | — | ||||||||||||
October 31, 2017 | — | $34,090 | $21,312 | $14,304 |
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
All Equity | Growth | Balanced | Conservative | |||||||||||||
Portfolio* | Portfolio | Portfolio | Portfolio | |||||||||||||
Current period distributions | ||||||||||||||||
Ordinary income | $10,482 | $16,025 | $14,079 | $8,414 | ||||||||||||
Long-term capital gains | 23,828 | 17,649 | 7,741 | 2,163 | ||||||||||||
Return of Capital | — | — | — | — | ||||||||||||
Prior period distributions | ||||||||||||||||
Ordinary income | 9,825 | 17,000 | 15,943 | 12,042 | ||||||||||||
Long-term capital gains | 312 | 15,235 | 8,870 | 3,002 | ||||||||||||
Return of Capital | — | — | — | — |
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | |||||||||||||
MarketTrack | MarketTrack | MarketTrack | MarketTrack | |||||||||||||
All Equity | Growth | Balanced | Conservative | |||||||||||||
Portfolio* | Portfolio | Portfolio | Portfolio | |||||||||||||
Capital Shares | ($6 | ) | $— | $— | $— | |||||||||||
Undistributed net investment income | 3 | (17 | ) | (13 | ) | (3 | ) | |||||||||
Net realized capital gains and losses | 3 | 17 | 13 | 3 |
* | Tax information for Schwab MarketTrack All Equity Portfolio is as of December 31, 2008. |
Percentage | ||||
Schwab MarketTrack All Equity Portfolio* | 48.26 | |||
Schwab MarketTrack Growth Portfolio | 56.86 | |||
Schwab MarketTrack Balanced Portfolio | 35.17 | |||
Schwab MarketTrack Conservative Portfolio | 28.30 |
Schwab MarketTrack All Equity Portfolio* | $11,218 | |||
Schwab MarketTrack Growth Portfolio | 14,551 | |||
Schwab MarketTrack Balanced Portfolio | 11,543 | |||
Schwab MarketTrack Conservative Portfolio | 4,024 |
* | Tax information for MarketTrack All Equity Portfolio is as of December 31, 2008. |
Schwab MarketTrack All Equity Portfolio* | $23,828 | |||
Schwab MarketTrack Growth Portfolio | 17,649 | |||
Schwab MarketTrack Balanced Portfolio | 7,741 | |||
Schwab MarketTrack Conservative Portfolio | 2,163 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
9 | ||
14 | ||
21 | ||
23 | ||
25 | ||
28 |
Total Return for the Report Period | ||
Schwab Balanced Fundtm (Ticker Symbol: SWOBX) | 9.45% | |
Benchmark: Balanced Blended Index | 12.04% | |
Fund Category: Morningstar Moderate Allocation | 15.71% | |
Performance Details | pages 6-7 | |
Minimum Initial Investment1 | $ 100 | |
1 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks | |||
6.46% | Russell 2000® Index: measures U.S. small-cap stocks | |||
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East | |||
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market | |||
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of the fund. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Caroline Lee, a managing director and portfolio manager of the investment adviser, co-manages the fund. Prior to joining the firm in November 2005, she worked in asset management for over 4 years overseeing subadvisor relationships in the pension group of a major corporation. She has also had 3 years of previous experience in investment management at another financial services firm. | ||
Daniel Kern, CFA, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of the fund. He was appointed portfolio manager in 2008. Prior to joining the firm in 2003, he worked for more than 13 years in the investment management industry, with more than 6 of those years spent in portfolio management. |
Number of Holdings | 4 |
Cap ($ x 1,000,000) | $47,496 |
Price/Earnings Ratio (P/E) | 12.1 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 21% |
Equity Funds - Domestic | 63.2% |
Fixed - Income Funds | 36.5% |
Short-Term Investments | 0.3% |
Total | 100.0% |
Schwab Core Equity Fund | 46.2% |
Schwab Total Bond Market Fund | 36.5% |
Fund, Select Shares | 17.0% |
Class | 0.3% |
Total | 100.0% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab Balanced Fundtm (11/18/96) | 9.45% | 1.76% | 2.63% | |||||||||
Benchmark: Balanced Blended Index | 12.04% | 2.50% | 2.25% | |||||||||
Fund Category: Morningstar Moderate Allocation | 15.71% | 2.07% | 2.50% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The Balanced Blended Index is composed of 60% S&P 500® Index and 40% Barclays Capital U.S. Aggregate Bond Index. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.48%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Schwab Balanced Fundtm | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,126.30 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights. |
2 | Expenses for each share class are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/09 | 10/31/081 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 9.82 | 13.86 | 13.39 | 12.85 | 11.88 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.22 | 2 | 0.20 | 2 | 0.25 | 2 | 0.25 | 2 | 0.15 | |||||||||||
Net realized and unrealized gains (losses) | 0.64 | (3.26 | ) | 1.06 | 0.83 | 0.91 | ||||||||||||||
Total from investment operations | 0.86 | (3.06 | ) | 1.31 | 1.08 | 1.06 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.37 | ) | (0.29 | ) | (0.24 | ) | (0.16 | ) | (0.09 | ) | ||||||||||
Distributions from net realized gains | (0.32 | ) | (0.69 | ) | (0.60 | ) | (0.38 | ) | — | |||||||||||
Total distributions | (0.69 | ) | (0.98 | ) | (0.84 | ) | (0.54 | ) | (0.09 | ) | ||||||||||
Net asset value at end of period | 9.99 | 9.82 | 13.86 | 13.39 | 12.85 | |||||||||||||||
Total return (%) | 9.45 | (23.56 | ) | 10.24 | 8.59 | 8.92 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses3 | 0.00 | 0.36 | 1.02 | 4 | 1.03 | 4 | 1.10 | |||||||||||||
Gross operating expenses3 | 0.17 | 0.53 | 1.27 | 1.26 | 1.27 | |||||||||||||||
Net investment income (loss) | 2.41 | 1.81 | 1.84 | 1.90 | 1.14 | |||||||||||||||
Portfolio turnover rate | 21 | 267 | 244 | 244 | 283 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 86 | 85 | 112 | 122 | 130 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
100 | .0% | Other Investment Companies | 94,612 | 85,490 | ||||||||
100 | .0% | Total Investments | 94,612 | 85,490 | ||||||||
0 | .0% | Other Assets and Liabilities | 13 | |||||||||
100 | .0% | Net Assets | 85,503 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 100.0% of net assets | ||||||||
Equity Funds 63.2% | ||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 1,528,130 | 14,502 | ||||||
Schwab Core Equity Fund (a) | 2,771,812 | 39,526 | ||||||
54,028 | ||||||||
Fixed-Income Funds 36.5% | ||||||||
Schwab Total Bond Market Fund (a) | 3,447,725 | 31,168 | ||||||
Money Funds 0.3% | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 294,106 | 294 | ||||||
Total Other Investment Companies (Cost $94,612) | 85,490 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $94,318) | $85,196 | |||||
Investments in unaffiliated issuers, at value (cost $294) | + | 294 | ||||
Total Investments, at value (cost $94,612) | 85,490 | |||||
Receivables: | ||||||
Dividends | 96 | |||||
Fund shares sold | 27 | |||||
Prepaid expenses | + | 2 | ||||
Total assets | 85,615 | |||||
Liabilities | ||||||
Payables: | ||||||
Administrator fees | 16 | |||||
Fund shares redeemed | 53 | |||||
Accrued expenses | + | 43 | ||||
Total liabilities | 112 | |||||
Net Assets | ||||||
Total assets | 85,615 | |||||
Total liabilities | − | 112 | ||||
Net assets | $85,503 | |||||
Net Assets by Source | ||||||
Capital received from investors | 100,180 | |||||
Net investment income not yet distributed | 870 | |||||
Net realized capital losses | (6,425 | ) | ||||
Net unrealized capital losses | (9,122 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$85,503 | 8,559 | $9.99 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $1,936 | |||||
Interest | + | 6 | ||||
Total investment income | 1,942 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on sales of affiliated underlying funds | (5,982 | ) | ||||
Net realized gains on unaffiliated investments | + | 10 | ||||
Net realized losses | (5,972 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 11,205 | |||||
Expenses | ||||||
Professional fees | 43 | |||||
Shareholder reports | 31 | |||||
Portfolio accounting fees | 15 | |||||
Registration fees | 14 | |||||
Transfer agent fees | 9 | |||||
Trustees’ fees | 6 | |||||
Custodian fees | 1 | |||||
Other expenses | + | 18 | ||||
Total expenses | 137 | |||||
Expense reduction by adviser and Schwab | − | 137 | ||||
Net expenses | − | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 1,942 | |||||
Net expenses | − | − | ||||
Net investment income | 1,942 | |||||
Net realized losses | (5,972 | ) | ||||
Net unrealized gains | + | 11,205 | ||||
Increase in net assets from operations | $7,175 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $1,942 | $2,079 | ||||||||
Net realized gains (losses) | (5,972 | ) | 3,160 | |||||||
Net unrealized gains (losses) | + | 11,205 | (33,936 | ) | ||||||
Increase (Decrease) in net assets from operations | 7,175 | (28,697 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 3,133 | 2,272 | ||||||||
Select Shares | + | — | 573 | |||||||
Total distributions from net investment income | 3,133 | 2,845 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | 2,727 | 5,482 | ||||||||
Select Shares | + | — | 1,276 | |||||||
Total distributions from net realized gains | 2,727 | 6,758 | ||||||||
Total distributions | $5,860 | $9,603 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 899 | $8,338 | 2,660 | $31,962 | ||||||||||||||
Select Shares | + | — | — | 125 | 1,558 | |||||||||||||
Total shares sold | 899 | $8,338 | 2,785 | $33,520 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 608 | $5,511 | 593 | $7,378 | ||||||||||||||
Select Shares | + | — | — | 132 | 1,638 | |||||||||||||
Total shares reinvested | 608 | $5,511 | 725 | $9,016 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (1,584 | ) | ($14,502 | ) | (2,719 | ) | ($31,898 | ) | ||||||||||
Select Shares | + | — | — | (2,242 | ) | (27,365 | ) | |||||||||||
Total shares redeemed | (1,584 | ) | ($14,502 | ) | (4,961 | ) | ($59,263 | ) | ||||||||||
Net transactions in fund shares | (77 | ) | ($653 | ) | (1,451 | ) | ($16,727 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 8,636 | $84,841 | 10,087 | $139,868 | ||||||||||||||
Total increase or decrease | + | (77 | ) | 662 | (1,451 | ) | (55,027 | ) | ||||||||||
End of period | 8,559 | $85,503 | 8,636 | $84,841 | ||||||||||||||
Net investment income not yet distributed | $870 | $2,062 |
1 | Effective February 28, 2008, all outstanding Select Shares (1,906 shares valued at $23,077) combined with Investor Shares, resulting in a single class of shares of the fund.. |
Schwab Capital Trust (organized May 7, 1993) Schwab Balanced Fund Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Laudus Small-Cap MarketMasters Fund Laudus International MarketMasters Fund Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund | Schwab Financial Services Fund Schwab Health Care Fund Schwab International Core Equity Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund—Moderate Payout Schwab Monthly Income Fund—Enhanced Payout Schwab Monthly Income Fund—Maximum Payout | |||
• | Underlying funds: valued at their respective NAV as determined by the fund in accordance with the 1940 Act for a given day. | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. |
(All dollar amounts are x 1,000)
• | Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The fund does not adjust the quoted price for such instruments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price. | |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include certain U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations. |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $85,490 | $— | $— | $85,490 | ||||||||||||
Total | $85,490 | $— | $— | $85,490 | ||||||||||||
* | The fund had no Other Financial Instruments. | |
(a) | As categorized in Portfolio Holdings |
(All dollar amounts are x 1,000)
Schwab Active Equity Funds: | ||||
Schwab Core Equity Fund | 2.2% | |||
Laudus MarketMasters Funds: | ||||
Laudus Small-Cap MarketMasters Fund | 4.1% | |||
Schwab Bond Funds: | ||||
Schwab Total Bond Market Fund | 3.3% |
(All dollar amounts are x 1,000)
Realized | ||||||||||||||||||||||||||||
Balance of | Balance | Market | Gain | Distribution | ||||||||||||||||||||||||
Shares | of Shares | Value | (Loss) | Received* | ||||||||||||||||||||||||
Held at | Gross | Gross | Held at | at | 11/01/08 | 11/01/08 | ||||||||||||||||||||||
Underlying Fund | 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | to 10/31/09 | to 10/31/09 | |||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | 662,831 | 1,266,485 | (401,186 | ) | 1,528,130 | $14,502 | ($832 | ) | $9 | |||||||||||||||||||
Schwab Core Equity Fund | 3,356,643 | 60,952 | (645,783 | ) | 2,771,812 | 39,526 | (4,369 | ) | 738 | |||||||||||||||||||
Schwab Total Bond Market Fund | 3,668,621 | 692,272 | (933,168 | ) | 3,447,725 | 31,168 | (781 | ) | 1,189 | |||||||||||||||||||
Totals | $85,196 | ($5,982 | ) | $1,936 | ||||||||||||||||||||||||
* | Distributions received include distributions from net investment income and from capital gains from the underling funds. |
Purchase of Securities | Sales/Maturities of Securities | |||||
$16,872 | $19,500 |
Undistributed ordinary income | $870 | |||
Undistributed long-term capital gains | — | |||
Unrealized appreciation | 1,700 | |||
Unrealized depreciation | (12,048 | ) | ||
Other unrealized appreciation/(depreciation) | — | |||
Net unrealized appreciation/(depreciation) | ($10,348 | ) |
Current Period | Prior Period | |||||||
Ordinary income | $3,133 | $4,039 | ||||||
Long-term capital gains | 2,727 | 5,564 | ||||||
Return of capital | — | — |
Capital Shares | $— | |||
Undistributed net investment income | (1 | ) | ||
Net realized capital gains and losses | 1 |
1. | the nature, extent and quality of the services provided to the Fund under the Agreement, including the resources of CSIM and its affiliates dedicated to the Fund; |
2. | the Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | the Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to the Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Fund grows and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), (Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
SCHWAB TARGET FUNDS PROSPECTUS
Dated February 28, 2009, as Amended April 20, 2009,
As Supplemented May 13, 2009, July 1, 2009 and July 20, 2009
is as of December 4, 2009
• | On Page 18, under the “Asset Class, Style Class and Underlying Funds” column of the table, reference to Schwab Institutional Select S&P 500 Fund is replaced by the following: |
• | On page 19, under the “Equity Funds — Domestic Large-Cap” section of the table describing the underlying funds, the reference to Schwab Institutional Select S&P 500 Fund and the description of its investment objective and principal investment strategy are replaced in their entirety by the following: |
• | On page 23, in the section entitled “Principal Risks of the Underlying Funds,” reference to Schwab Institutional Select S&P 500 Fund is replaced by the following: |
• | Laudus Rosenberg U.S. Large Capitalization Value Fund |
• | On Page 18, the following disclosure replaces the second and third sentences in the paragraph under the heading “The funds’ investments in underlying funds” in their entirety: |
• | On Page 18, under the “Asset Class, Style Class and Underlying Funds” column of the table, the following fund is added to the Domestic Large-Cap Asset Class: |
• | On page 19, under the “Equity Funds — Domestic Large-Cap” section of the table describing the underlying funds, the following fund and accompanying description of its investment objective and principal investment strategy are added: |
• | On page 23, in the section entitled “Principal Risks of the Underlying Funds,” the following changes are made: |
1 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
10 | ||
12 | ||
14 | ||
16 | ||
18 | ||
20 | ||
21 | ||
56 | ||
73 | ||
75 | ||
77 | ||
80 |
Total Return for the Report Period | ||
Schwab Target 2010 Fund (Ticker Symbol: SWBRX) | 12.24% | |
Benchmark: Target 2010 Composite Index | 15.44% | |
Fund Category: Morningstar Target-Date 2000-2010 | 16.32% | |
Performance Details | pages 6-7 | |
Schwab Target 2015 Fund (Ticker Symbol: SWGRX) | 13.82% | |
Benchmark: Target 2015 Composite Index | 16.37% | |
Fund Category: Morningstar Target-Date 2011-2015 | 15.87% | |
Performance Details | pages 8-9 | |
Schwab Target 2020 Fund (Ticker Symbol: SWCRX) | 15.89% | |
Benchmark: Target 2020 Composite Index | 16.61% | |
Fund Category: Morningstar Target-Date 2016-2020 | 16.73% | |
Performance Details | pages 10-11 | |
Schwab Target 2025 Fund (Ticker Symbol: SWHRX) | 17.61% | |
Benchmark: Target 2025 Composite Index | 16.67% | |
Fund Category: Morningstar Target-Date 2021-2025 | 16.81% | |
Performance Details | pages 12-13 | |
Total Return for the Report Period | ||
Schwab Target 2030 Fund (Ticker Symbol: SWDRX) | 17.31% | |
Benchmark: Target 2030 Composite Index | 16.81% | |
Fund Category: Morningstar Target-Date 2026-2030 | 16.85% | |
Performance Details | pages 14-15 | |
Schwab Target 2035 Fund (Ticker Symbol: SWIRX) | 18.22% | |
Benchmark: Target 2035 Composite Index | 16.87% | |
Fund Category: Morningstar Target-Date 2031-2035 | 16.93% | |
Performance Details | pages 16-17 | |
Schwab Target 2040 Fund (Ticker Symbol: SWERX) | 17.66% | |
Benchmark: Target 2040 Composite Index | 17.07% | |
Fund Category: Morningstar Target-Date 2036-2040 | 16.95% | |
Performance Details | pages 18-19 | |
Minimum Initial Investment1 | $ 100 | |
1 | Please see prospectus for further details and eligibility requirements. |
• | Net Operating Expenses were reduced for each fund | |
• | Increased allocation to fixed income in and near retirement | |
• | Passive index funds were added to the universe of underlying funds | |
Passive index funds carry lower management fees | ||
• | Third-party funds were added to the universe of underlying funds | |
Funds managed by independent third-party investment advisers increase the depth and breadth of investment styles and disciplines |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Daniel Kern, CFA, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day management of the funds. He was appointed portfolio manager in 2008. Prior to joining the firm in 2003, he worked for more than 13 years in the investment management industry, with more than 6 of those years spent in portfolio management. |
Number of Holdings | 21 |
Cap ($ x 1,000,000) | $48,300 |
Price/Earnings Ratio (P/E) | 32.7 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 47% |
Fixed-Income Funds | 47.8% |
Equity Funds - Domestic | 32.2% |
Equity Funds - International | 13.5% |
Short-Term Investments | 6.5% |
Total | 100.0% |
Schwab Total Bond Market Fund | 23.6% |
Schwab Core Equity Fund | 10.0% |
Schwab Short-Term Bond Market Fund | 9.9% |
Schwab S&P 500 Index Fund | 8.6% |
Schwab Value Advantage Money Fund, Institutional Shares | 4.6% |
PIMCO Total Return Fund, Institutional Shares | 4.6% |
Laudus Growth Investors U.S. Large Cap Growth Fund | 4.6% |
Laudus International MarketMasters Fund, Select Shares | 4.0% |
Schwab Premier Income Fund | 4.0% |
Schwab Inflation Protected Fund | 3.1% |
Total | 77.0% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Target 2010 Fund (7/1/05) | 12.24% | -2.92% | 1.41% | |||||||||
Benchmark: Target 2010 Composite Index3 | 15.44% | -0.26% | 3.30% | |||||||||
Fund Category: Morningstar Target-Date 2000-2010 | 16.32% | -0.94% | 1.67% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2010 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses.» The current composite is derived using the following portion allocations: 36.4% Dow Jones U.S. Total Stock Market Index, 10.8% MSCI EAFE (Gross) Index, 30.8% Barclays Capital U.S. Aggregate Bond Index, 2.6% FTSE EPRA/NAREIT Global Index, 2.2% MSCI Emerging Markets (Gross) Index, 4.1% Barclays Capital U.S. TIPS Index, 4.1% Citigroup Non-U.S. Dollar World Government Bond Index, 2% Barclays Capital U.S. Government/Credit: 1-5 Years, and 7% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.63%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 21 |
Cap ($ x 1,000,000) | $46,209 |
Price/Earnings Ratio (P/E) | 32.3 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 39% |
Equity Funds - Domestic | 39.1% |
Fixed-Income Funds | 39.6% |
Equity Funds - International | 16.9% |
Short-Term Investments | 4.4% |
Total | 100.0% |
Schwab Total Bond Market Fund | 20.8% |
Schwab Core Equity Fund | 11.8% |
Schwab S&P 500 Index Fund | 9.8% |
Schwab Short-Term Bond Market Fund | 6.0% |
Large Cap Growth Fund | 5.4% |
Fund, Select Shares | 4.7% |
Schwab Small-Cap Equity Fund | 4.3% |
Shares | 4.0% |
Schwab Dividend Equity Fund | 3.4% |
Schwab Global Real Estate Fund | 3.3% |
Total | 73.5% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Target 2015 Fund (3/12/08) | 13.82% | -4.47% | ||||||
Benchmark: Target 2015 Composite Index3 | 16.37% | -4.17% | ||||||
Fund Category: Morningstar Target-Date 2011-2015 | 15.87% | -6.09% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2015 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 42.4% Dow Jones U.S. Total Stock Market Index, 12.5% MSCI EAFE (Gross) Index, 27% Barclays Capital U.S. Aggregate Bond Index, 3.6% FTSE EPRA/NAREIT Global Index, 2.5% MSCI Emerging Markets (Gross) Index, 3.5% Barclays Capital U.S. TIPS Index, 3.5% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 4% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.68%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 22 |
Cap ($ x 1,000,000) | $45,808 |
Price/Earnings Ratio (P/E) | 30.6 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 48% |
Equity Funds - Domestic | 44.9% |
Fixed-Income Funds | 30.4% |
Equity Funds - International | 22.2% |
Short-Term Investments | 2.5% |
Total | 100.0% |
Schwab Total Bond Market Fund | 19.0% |
Schwab Core Equity Fund | 13.6% |
Schwab S&P 500 Index Fund | 11.7% |
Fund, Select Shares | 6.5% |
Large Cap Growth Fund | 6.3% |
Shwab Small-Cap Equity Fund | 4.6% |
Schwab Global Real Estate Fund | 4.2% |
Schwab Dividend Equity Fund | 3.3% |
Shares | 3.0% |
Index Fund | 3.0% |
Total | 75.2% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Target 2020 Fund (7/1/05) | 15.89% | -3.00% | 1.64% | |||||||||
Benchmark: Target 2020 Composite Index3 | 16.61% | -1.62% | 2.62% | |||||||||
Fund Category: Morningstar Target-Date 2016-2020 | 16.73% | -3.41% | 0.58% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2020 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 44.4% Dow Jones U.S. Total Stock Market Index, 13.3% MSCI EAFE (Gross) Index, 26.2% Barclays Capital U.S. Aggregate Bond Index, 3.6% FTSE EPRA/NAREIT Global Index, 2.7% MSCI Emerging Markets (Gross) Index, 3.4% Barclays Capital U.S. TIPS Index, 3.4% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 2% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.70%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 19 |
Cap ($ x 1,000,000) | $45,928 |
Price/Earnings Ratio (P/E) | 32.0 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 44% |
Equity Funds - Domestic | 51.7% |
Equity Funds - International | 22.9% |
Fixed-Income Funds | 23.4% |
Short-Term Investments | 2.0% |
Total | 100.0% |
Schwab Total Bond Market Fund | 16.8% |
Schwab Core Equity Fund | 15.6% |
Schwab S&P 500 Index Fund | 12.9% |
Large Cap Growth Fund | 7.1% |
Fund, Select Shares | 6.4% |
Shwab Small-Cap Equity Fund | 5.9% |
Schwab Dividend Equity Fund | 4.2% |
Schwab Global Real Estate Fund | 4.0% |
Shares | 3.3% |
Shares | 3.2% |
Total | 79.4% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Target 2025 Fund (3/12/08) | 17.61% | -3.71% | ||||||
Benchmark: Target 2025 Composite Index3 | 16.67% | -5.55% | ||||||
Fund Category: Morningstar Target-Date 2021-2025 | 16.81% | -8.48% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2025 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 47% Dow Jones U.S. Total Stock Market Index, 14.2% MSCI EAFE (Gross) Index, 23% Barclays Capital U.S. Aggregate Bond Index, 4% FTSE EPRA/NAREIT Global Index, 2.8% MSCI Emerging Markets (Gross) Index, 3% Barclays Capital U.S. TIPS Index, 3% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 2% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.73%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 20 |
Cap ($ x 1,000,000) | $45,157 |
Price/Earnings Ratio (P/E) | 29.7 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 50% |
Equity Funds - Domestic | 56.9% |
Equity Funds - International | 24.4% |
Fixed Income | 16.3% |
Short-Term Investments | 2.4% |
Total | 100.0% |
Schwab Core Equity Fund | 16.6% |
Schwab S&P 500 Index Fund | 13.9% |
Large Cap Growth Fund | 7.7% |
Schwab Small-Cap Equity Fund | 7.3% |
Fund, Select Shares | 6.8% |
Schwab Global Real Estate Fund | 4.6% |
Schwab Dividend Equity Fund | 4.1% |
Fund, Select Shares | 3.9% |
Shares | 3.5% |
Shares | 3.5% |
Total | 71.9% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Target 2030 Fund (7/1/05) | 17.31% | -3.38% | 1.56% | |||||||||
Benchmark: Target 2030 Composite Index3 | 16.81% | -2.56% | 2.19% | |||||||||
Fund Category: Morningstar Target-Date 2026-2030 | 16.85% | -5.23% | -0.11% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2030 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 48.7% Dow Jones U.S. Total Stock Market Index, 15% MSCI EAFE (Gross) Index, 20.6% Barclays Capital U.S. Aggregate Bond Index, 4.3% FTSE EPRA/NAREIT Global Index, 3% MSCI Emerging Markets (Gross) Index, 2.7% Barclays Capital U.S. TIPS Index, 2.7% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 2% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.74%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 19 |
Cap ($ x 1,000,000) | $45,492 |
Price/Earnings Ratio (P/E) | 31.3 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 49% |
Equity Funds - Domestic | 60.0% |
Equity Funds - International | 26.3% |
Fixed Income Funds | 11.3% |
Short-Term Investments | 2.4% |
Total | 100.0% |
Schwab Core Equity Fund | 17.6% |
Schwab S&P 500 Index Fund | 14.9% |
Schwab Total Bond Market Fund | 8.7% |
Large Cap Growth Fund | 8.2% |
Fund, Select Shares | 7.4% |
Schwab Small-Cap Equity Fund | 7.4% |
Schwab Dividend Equity Fund | 4.8% |
Schwab Global Real Estate Fund | 4.7% |
Fund, Select Shares | 4.0% |
Shares | 3.8% |
Total | 81.5% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Target 2035 Fund (3/12/08) | 18.22% | -5.11% | ||||||
Benchmark: Target 2035 Composite Index3 | 16.87% | -6.81% | ||||||
Fund Category: Morningstar Target-Date 2031-2035 | 16.93% | -9.65% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2035 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 51.4% Dow Jones U.S. Total Stock Market Index, 15.8% MSCI EAFE (Gross) Index, 17.4% Barclays Capital U.S. Aggregate Bond Index, 4.6% FTSE EPRA/NAREIT Global Index, 3.2% MSCI Emerging Markets (Gross) Index, 2.3% Barclays Capital U.S. TIPS Index, 2.3% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 2% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.76%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Number of Holdings | 20 |
Cap ($ x 1,000,000) | $45,211 |
Price/Earnings Ratio (P/E) | 29.6 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 51% |
Equity Funds - Domestic | 62.6% |
Equity Funds - International | 27.8% |
Fixed-Income Funds | 7.1% |
Short-Term Investments | 2.5% |
Total | 100.0% |
Schwab Core Equity Fund | 19.0% |
Schwab S&P 500 Index Fund | 15.0% |
Large Cap Growth Fund | 8.6% |
Schwab Small-Cap Equity Fund | 7.7% |
Fund, Select Shares | 7.6% |
Schwab Total Bond Market Fund | 5.3% |
Schwab Global Real Estate Fund | 5.0% |
Schwab Dividend Equity Fund | 4.7% |
fund, Select Shares | 4.2% |
Shares | 4.0% |
Total | 81.1% |
* | Each fund intends to invest in a combination of the underlying funds; however, each fund may also invest directly in equity and fixed income securities, exchange traded funds, cash equivalents, including money market securities, and futures. |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,3
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Target 2040 Fund (7/1/05) | 17.66% | -3.90% | 1.51% | |||||||||
Benchmark: Target 2040 Composite Index3 | 17.07% | -3.41% | 1.87% | |||||||||
Fund Category: Morningstar Target-Date 2036-2040 | 16.95% | -5.96% | -0.39% |
1 | Fund expenses have been absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | The Target 2040 Composite Index is based on an asset allocation glide schedule and will become more conservative as time elapses. The current composite is derived using the following portion allocations: 54.1% Dow Jones U.S. Total Stock Market Index, 16.6% MSCI EAFE (Gross) Index, 14.2% Barclays Capital U.S. Aggregate Bond Index, 5% FTSE EPRA/NAREIT Global Index, 3.3% MSCI Emerging Markets (Gross) Index, 1.9% Barclays Capital U.S. TIPS Index, 1.9% Citigroup Non-U.S. Dollar World Government Bond Index, 1% Barclays Capital U.S. Government/Credit: 1-5 Years, and 2% Barclays Capital U.S. Treasury Bills: 1-3 Months. |
4 | As stated in the prospectus. Includes expenses of the underlying funds in which the fund invests. The annualized weighted average expense ratio of the underlying funds was 0.77%. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
5 | Successor to the Dow Jones Wilshire 5000 Composite Index, which was discontinued on April 1, 2009. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Schwab Target 2010 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,132.90 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2015 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,153.60 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2020 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,173.00 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2025 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,185.30 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2030 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,193.40 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2035 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,203.20 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 | |||||||||
Schwab Target 2040 Fund* | ||||||||||||||||
Actual Return | 0.00% | $ | 1,000 | $ | 1,207.70 | $ | 0.00 | |||||||||
Hypothetical 5% Return | 0.00% | $ | 1,000 | $ | 1,025.21 | $ | 0.00 |
* | Effective April 20, 2009, the net operating expense limitation was reduced. See financial note 4 for more information. |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights; does not include expenses of underlying funds in which the Target Funds invest. |
2 | Except as otherwise noted, expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 7/1/051– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.76 | 12.65 | 11.42 | 10.24 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.28 | 0.32 | 0.23 | 0.22 | 0.04 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.75 | (3.73 | ) | 1.24 | 1.13 | 0.20 | ||||||||||||||
Total from investment operations | 1.03 | (3.41 | ) | 1.47 | 1.35 | 0.24 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.33 | ) | (0.38 | ) | (0.21 | ) | (0.17 | ) | — | |||||||||||
Distributions from net realized gains | — | (0.10 | ) | (0.03 | ) | — | — | |||||||||||||
Total distributions | (0.33 | ) | (0.48 | ) | (0.24 | ) | (0.17 | ) | — | |||||||||||
Net asset value at end of period | 9.46 | 8.76 | 12.65 | 11.42 | 10.24 | |||||||||||||||
Total return (%) | 12.24 | (27.87 | ) | 13.02 | 13.39 | 2.40 | 2 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses3 | 0.03 | 4 | 0.06 | 0.06 | 0.06 | 0.06 | 5 | |||||||||||||
Gross operating expenses3 | 0.16 | 0.11 | 0.09 | 0.27 | 0.37 | 5 | ||||||||||||||
Net investment income (loss) | 3.04 | 2.89 | 2.10 | 2.12 | 1.51 | 5 | ||||||||||||||
Portfolio turnover rate | 47 | 50 | 6 | 1 | 0 | 7 | — | |||||||||||||
Net assets, end of period ($ x 1,000,000) | 75 | 80 | 138 | 62 | 32 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .1% | Other Investment Companies | 72,583 | 73,412 | ||||||||
1 | .8% | Short-Term Investment | 1,358 | 1,358 | ||||||||
99 | .9% | Total Investments | 73,941 | 74,770 | ||||||||
0 | .1% | Other Assets and Liabilities, Net | 94 | |||||||||
100 | .0% | Total Net Assets | 74,864 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 98.1% of net assets | ||||||||
Equity Funds 45.7% | ||||||||
American Century International Growth Fund, Institutional Shares | 167,266 | 1,562 | ||||||
iShares Russell 1000 Value Index Fund | 29,000 | 1,557 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 346,021 | 3,408 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 201,173 | 3,028 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 144,427 | 1,187 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 208,765 | 1,553 | ||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a) | 103,026 | 1,179 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 107,143 | 1,017 | ||||||
Schwab Core Equity Fund (a) | 525,387 | 7,492 | ||||||
Schwab Dividend Equity Fund (a) | 176,909 | 1,936 | ||||||
Schwab Global Real Estate Fund (a) | 270,543 | 1,556 | ||||||
Schwab S&P 500 Index Fund (a) | 396,981 | 6,463 | ||||||
Schwab Small-Cap Equity Fund (a) | 200,207 | 2,230 | ||||||
34,168 | ||||||||
Fixed-Income Funds 47.8% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 171,549 | 2,004 | ||||||
PIMCO Total Return Fund, Institutional Shares | 314,044 | 3,436 | ||||||
Schwab Inflation Protected Fund (a) | 220,926 | 2,295 | ||||||
Schwab Premier Income Fund (a) | 299,328 | 2,999 | ||||||
Schwab Short-Term Bond Market Fund (a) | 824,209 | 7,401 | ||||||
Schwab Total Bond Market Fund (a) | 1,951,399 | 17,641 | ||||||
35,776 | ||||||||
Money Funds 4.6% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 3,468,431 | 3,468 | ||||||
Total Other Investment Company (Cost $72,583) | 73,412 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.8% of net assets | ||||||||
Commercial Paper & Other Obligations 1.8% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 1,358 | 1,358 | ||||||
Total Short-Term Investment (Cost $1,358) | 1,358 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $66,583) | $66,857 | |||||
Investments in unaffiliated issuers, at value (cost $7,358) | + | 7,913 | ||||
Total investments, at value (cost $73,941) | 74,770 | |||||
Receivables: | ||||||
Dividends | 105 | |||||
Fund shares sold | 42 | |||||
Prepaid expenses | + | 1 | ||||
Total assets | 74,918 | |||||
Liabilities | ||||||
Payables: | ||||||
Administrator fees | 2 | |||||
Fund shares redeemed | 19 | |||||
Accrued expenses | + | 33 | ||||
Total liabilities | 54 | |||||
Net Assets | ||||||
Total assets | 74,918 | |||||
Total liabilities | − | 54 | ||||
Net assets | $74,864 | |||||
Net Assets by Source | ||||||
Capital received from investors | 95,016 | |||||
Net investment income not yet distributed | 1,209 | |||||
Net realized capital losses | (22,190 | ) | ||||
Net unrealized capital gains | 829 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$74,864 | 7,914 | $9.46 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $2,110 | |||||
Dividends received from unaffiliated underlying funds | + | 132 | ||||
Total investment income | 2,242 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gains distributions received from affiliated underlying funds | 66 | |||||
Net realized losses on sales of affiliated underlying funds | (14,068 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 744 | ||||
Net realized losses | (13,258 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 18,442 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 555 | ||||
Net unrealized gains | 18,997 | |||||
Expenses | ||||||
Transfer agent fees | 5 | |||||
Professional fees | 42 | |||||
Registration fees | 21 | |||||
Portfolio accounting fees | 16 | |||||
Shareholder reports | 14 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 6 | |||||
Other expenses | + | 3 | ||||
Total expenses | 115 | |||||
Expense reduction by adviser and Schwab | − | 94 | ||||
Net expenses | 21 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 2,242 | |||||
Net expenses | − | 21 | ||||
Net investment income | 2,221 | |||||
Net realized losses | (13,258 | ) | ||||
Net unrealized gains | + | 18,997 | ||||
Increase in net assets from operations | $7,960 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $2,221 | $3,389 | ||||||||
Net realized losses | (13,258 | ) | (7,835 | ) | ||||||
Net unrealized gains (losses) | + | 18,997 | (31,198 | ) | ||||||
Increase (Decrease) in net assets from operations | 7,960 | (35,644 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 2,875 | 4,243 | ||||||||
Distributions from net realized gains | + | — | 1,117 | |||||||
Total distributions | $2,875 | $5,360 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 1,552 | $13,459 | 2,953 | $32,660 | ||||||||||||||
Shares reinvested | 317 | 2,678 | 437 | 5,033 | ||||||||||||||
Shares redeemed | + | (3,065 | ) | (26,187 | ) | (5,174 | ) | (54,628 | ) | |||||||||
Net transactions in fund shares | (1,196 | ) | ($10,050 | ) | (1,784 | ) | ($16,935 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 9,110 | $79,829 | 10,894 | $137,768 | ||||||||||||||
Total decrease | + | (1,196 | ) | (4,965 | ) | (1,784 | ) | (57,939 | ) | |||||||||
End of period | 7,914 | $74,864 | 9,110 | $79,829 | ||||||||||||||
Net investment income not yet distributed | $1,209 | $1,860 |
11/1/08– | 3/12/081– | |||||||
10/31/09 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 8.15 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.19 | 0.06 | ||||||
Net realized and unrealized gains (losses) | 0.91 | (1.91 | ) | |||||
Total from investment operations | 1.10 | (1.85 | ) | |||||
Less distributions: | ||||||||
Distributions from net investment income | (0.16 | ) | — | |||||
Distributions from net realized gains | (0.00 | )2 | — | |||||
Total distributions | (0.16 | ) | — | |||||
Net asset value at end of period | 9.09 | 8.15 | ||||||
Total return (%) | 13.82 | (18.50 | )3 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses4 | 0.02 | 5 | 0.05 | 6 | ||||
Gross operating expenses4 | 0.85 | 1.90 | 6 | |||||
Net investment income (loss) | 2.57 | 1.87 | 6 | |||||
Portfolio turnover rate | 39 | 35 | 3 | |||||
Net assets, end of period ($ x 1,000,000) | 17 | 6 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
96 | .8% | Other Investment Companies | 15,497 | 16,578 | ||||||||
2 | .7% | Short-Term Investment | 456 | 456 | ||||||||
99 | .5% | Total Investments | 15,953 | 17,034 | ||||||||
0 | .5% | Other Assets and Liabilities, Net | 87 | |||||||||
100 | .0% | Total Net Assets | 17,121 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 96.8% of net assets | ||||||||
Equity Funds 55.7% | ||||||||
American Century International Growth Fund, Institutional Shares | 43,211 | 404 | ||||||
iShares Russell 1000 Value Index Fund | 6,400 | 344 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 93,806 | 924 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 53,663 | 808 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 42,945 | 353 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 54,576 | 406 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 39,879 | 347 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 39,964 | 379 | ||||||
Schwab Core Equity Fund (a) | 142,007 | 2,025 | ||||||
Schwab Dividend Equity Fund (a) | 53,194 | 582 | ||||||
Schwab Global Real Estate Fund (a) | 96,946 | 557 | ||||||
Schwab S&P 500 Index Fund (a) | 103,285 | 1,681 | ||||||
Schwab Small-Cap Equity Fund (a) | 65,403 | 729 | ||||||
9,539 | ||||||||
Fixed-Income Funds 39.4% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 36,468 | 426 | ||||||
PIMCO Total Return Fund, Institutional Shares | 62,927 | 688 | ||||||
Schwab Inflation Protected Fund (a) | 49,754 | 517 | ||||||
Schwab Premier Income Fund (a) | 51,813 | 519 | ||||||
Schwab Short-Term Bond Market Fund (a) | 115,136 | 1,034 | ||||||
Schwab Total Bond Market Fund (a) | 394,160 | 3,563 | ||||||
6,747 | ||||||||
Money Funds 1.7% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 291,651 | 292 | ||||||
Total Other Investment Companies (Cost $15,497) | 16,578 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 2.7% of net assets | ||||||||
Commercial Paper & Other Obligations 2.7% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 456 | 456 | ||||||
Total Short-Term Investment (Cost $456) | 456 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $14,149) | $15,142 | |||||
Investments in unaffiliated issuers, at value (cost $1,804) | + | 1,892 | ||||
Total investments, at value (cost $15,953) | 17,034 | |||||
Receivables: | ||||||
Fund shares sold | 113 | |||||
Dividends | 18 | |||||
Due from investment adviser | + | 2 | ||||
Total assets | 17,167 | |||||
Liabilities | ||||||
Payables: | ||||||
Fund shares redeemed | 19 | |||||
Accrued expenses | + | 27 | ||||
Total liabilities | 46 | |||||
Net Assets | ||||||
Total assets | 17,167 | |||||
Total liabilities | − | 46 | ||||
Net assets | $17,121 | |||||
Net Assets by Source | ||||||
Capital received from investors | 16,849 | |||||
Net investment income not yet distributed | 159 | |||||
Net realized capital losses | (968 | ) | ||||
Net unrealized capital gains | 1,081 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$17,121 | 1,883 | $9.09 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $225 | |||||
Dividends received from unaffiliated underlying funds | + | 19 | ||||
Total investment income | 244 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gains distributions received from affiliated underlying funds | 6 | |||||
Net realized losses on sales of affiliated underlying funds | (989 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 81 | ||||
Net realized losses | (902 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 2,130 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 88 | ||||
Net unrealized gains | 2,218 | |||||
Expenses | ||||||
Transfer agent fees | 1 | |||||
Professional fees | 33 | |||||
Portfolio accounting fees | 15 | |||||
Registration fees | 13 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 6 | |||||
Shareholder reports | 3 | |||||
Other expenses | + | 1 | ||||
Total expenses | 80 | |||||
Expense reduction by adviser and Schwab | − | 79 | ||||
Net expenses | 1 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 244 | |||||
Net expenses | − | 1 | ||||
Net investment income | 243 | |||||
Net realized losses | (902 | ) | ||||
Net unrealized gains | + | 2,218 | ||||
Increase in net assets from operations | $1,559 |
Operations |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||
Net investment income | $243 | $40 | ||||||||
Net realized losses | (902 | ) | (64 | ) | ||||||
Net unrealized gains (losses) | + | 2,218 | (1,137 | ) | ||||||
Increase (Decrease) in net assets from operations | 1,559 | (1,161 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 124 | — | ||||||||
Distributions from net realized gains | + | 2 | — | |||||||
Total distributions | $126 | $- |
Transactions in Fund Shares |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 1,490 | $12,410 | 900 | $8,772 | ||||||||||||||
Shares reinvested | 16 | 124 | — | — | ||||||||||||||
Shares redeemed | + | (349 | ) | (2,765 | ) | (174 | ) | (1,692 | ) | |||||||||
Net transactions in fund shares | 1,157 | $9,769 | 726 | $7,080 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 726 | $5,919 | — | $- | ||||||||||||||
Total increase | + | 1,157 | 11,202 | 726 | 5,919 | |||||||||||||
End of period | 1,883 | $17,121 | 726 | $5,919 | ||||||||||||||
Net investment income not yet distributed | $159 | $40 |
* | Commencement of operations. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 7/1/051 – | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.59 | 12.88 | 11.56 | 10.28 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.24 | 0.30 | 0.21 | 0.21 | 0.04 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.08 | (4.11 | ) | 1.33 | 1.25 | 0.24 | ||||||||||||||
Total from investment operations | 1.32 | (3.81 | ) | 1.54 | 1.46 | 0.28 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.28 | ) | (0.38 | ) | (0.19 | ) | (0.18 | ) | — | |||||||||||
Distributions from net realized gains | — | (0.10 | ) | (0.03 | ) | — | — | |||||||||||||
Total distributions | (0.28 | ) | (0.48 | ) | (0.22 | ) | (0.18 | ) | — | |||||||||||
Net asset value at end of period | 9.63 | 8.59 | 12.88 | 11.56 | 10.28 | |||||||||||||||
Total return (%) | 15.89 | (30.59 | ) | 13.47 | 14.36 | 2.80 | 2 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses3 | 0.02 | 4 | 0.04 | 0.04 | 0.04 | 0.04 | 5 | |||||||||||||
Gross operating expenses3 | 0.09 | 0.08 | 0.07 | 0.22 | 0.36 | 5 | ||||||||||||||
Net investment income (loss) | 2.75 | 2.67 | 1.84 | 1.84 | 1.29 | 5 | ||||||||||||||
Portfolio turnover rate | 48 | 34 | 6 | — | — | — | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 198 | 163 | 225 | 84 | 35 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .8% | Other Investment Companies | 195,093 | 195,458 | ||||||||
1 | .1% | Short-Term Investment | 2,264 | 2,264 | ||||||||
99 | .9% | Total Investments | 197,357 | 197,722 | ||||||||
0 | .1% | Other Assets and Liabilities, Net | 217 | |||||||||
100 | .0% | Total Net Assets | 197,939 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 98.8% of net assets | ||||||||
Equity Funds 67.0% | ||||||||
American Century International Growth Fund, Institutional Shares | 624,428 | 5,832 | ||||||
iShares Russell 1000 Value Index Fund | 110,000 | 5,908 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 1,268,743 | 12,497 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 853,416 | 12,844 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 699,018 | 5,746 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 760,687 | 5,660 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 158,028 | 1,373 | ||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a) | 349,180 | 3,995 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 482,704 | 4,581 | ||||||
Schwab Core Equity Fund (a) | 1,886,906 | 26,907 | ||||||
Schwab Dividend Equity Fund (a) | 600,251 | 6,567 | ||||||
Schwab Global Real Estate Fund (a) | 1,461,135 | 8,401 | ||||||
Schwab S&P 500 Index Fund (a) | 1,424,906 | 23,198 | ||||||
Schwab Small-Cap Equity Fund (a) | 823,630 | 9,175 | ||||||
132,684 | ||||||||
Fixed-Income Funds 30.4% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 405,231 | 4,733 | ||||||
PIMCO Total Return Fund, Institutional Shares | 545,451 | 5,967 | ||||||
Schwab Inflation Protected Fund (a) | 474,164 | 4,927 | ||||||
Schwab Premier Income Fund (a) | 301,972 | 3,026 | ||||||
Schwab Short-Term Bond Market Fund (a) | 430,997 | 3,870 | ||||||
Schwab Total Bond Market Fund (a) | 4,155,259 | 37,563 | ||||||
60,086 | ||||||||
Money Funds 1.4% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 2,687,964 | 2,688 | ||||||
Total Other Investment Company (Cost $195,093) | 195,458 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.1% of net assets | ||||||||
Commercial Paper & Other Obligation 1.1% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 2,264 | 2,264 | ||||||
Total Short-Term Investment (Cost $2,264) | 2,264 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $178,924) | $177,751 | |||||
Investment in unaffiliated issuers, at value (cost $18,433) | + | 19,971 | ||||
Total Investments, at value (cost $197,357) | 197,722 | |||||
Receivables: | ||||||
Fund shares sold | 208 | |||||
Dividends | 168 | |||||
Prepaid expenses | + | 3 | ||||
Total assets | 198,101 | |||||
Liabilities | ||||||
Payables: | ||||||
Administrator fees | 5 | |||||
Fund shares redeemed | 118 | |||||
Trustees’ fees | 1 | |||||
Accrued expenses | + | 38 | ||||
Total liabilities | 162 | |||||
Net Assets | ||||||
Total assets | 198,101 | |||||
Total liabilities | − | 162 | ||||
Net assets | $197,939 | |||||
Net Assets by Source | ||||||
Capital received from investors | 234,551 | |||||
Net investment income not yet distributed | 2,281 | |||||
Net realized capital losses | (39,258 | ) | ||||
Net unrealized capital gains | 365 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$197,939 | 20,552 | $9.63 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $4,376 | |||||
Dividends received from unaffiliated underlying funds | + | 250 | ||||
Total investment income | 4,626 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gain distributions received from affiliated underlying funds | 144 | |||||
Net realized losses on sales of affiliated underlying funds | (27,668 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 1,835 | ||||
Net realized losses | (25,689 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 45,281 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 1,538 | ||||
Net unrealized gains | 46,819 | |||||
Expenses | ||||||
Transfer agent fees | 5 | |||||
Professional fees | 49 | |||||
Shareholder reports | 38 | |||||
Registration fees | 30 | |||||
Portfolio accounting fees | 18 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 7 | |||||
Other expenses | + | 4 | ||||
Total expenses | 159 | |||||
Expense reduction by adviser and Schwab | − | 130 | ||||
Net expenses | 29 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 4,626 | |||||
Net expenses | − | 29 | ||||
Net investment income | 4,597 | |||||
Net realized losses | (25,689 | ) | ||||
Net unrealized gains | + | 46,819 | ||||
Increase in net assets from operations | $25,727 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $4,597 | $5,541 | ||||||||
Net realized losses | (25,689 | ) | (11,630 | ) | ||||||
Net unrealized gains (losses) | + | 46,819 | (66,226 | ) | ||||||
Increase (Decrease) in net assets from operations | 25,727 | (72,315 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 5,224 | 6,771 | ||||||||
Distributions from net realized gains | + | — | 1,775 | |||||||
Total distributions | $5,224 | $8,546 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 4,975 | $43,182 | 6,200 | $68,386 | ||||||||||||||
Shares reinvested | 614 | 5,079 | 716 | 8,346 | ||||||||||||||
Shares redeemed | + | (3,983 | ) | (33,565 | ) | (5,403 | ) | (57,658 | ) | |||||||||
Net transactions in fund shares | 1,606 | $14,696 | 1,513 | $19,074 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 18,946 | $162,740 | 17,433 | $224,527 | ||||||||||||||
Total increase or decrease | + | 1,606 | 35,199 | 1,513 | (61,787 | ) | ||||||||||||
End of period | 20,552 | $197,939 | 18,946 | $162,740 | ||||||||||||||
Net investment income not yet distributed | $2,281 | $2,894 |
11/1/08– | 3/12/081– | |||||||
10/31/09 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 7.99 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.17 | 0.05 | ||||||
Net realized and unrealized gains (losses) | 1.21 | (2.06 | ) | |||||
Total from investment operations | 1.38 | (2.01 | ) | |||||
Less distributions: | ||||||||
Distributions from net investment income | (0.16 | ) | — | |||||
Net asset value at end of period | 9.21 | 7.99 | ||||||
Total return (%) | 17.61 | (20.10 | )2 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses3 | 0.01 | 4 | 0.04 | 5 | ||||
Gross operating expenses3 | 0.57 | 1.27 | 5 | |||||
Net investment income (loss) | 2.15 | 1.60 | 5 | |||||
Portfolio turnover rate | 44 | 3 | 2 | |||||
Net assets, end of period ($ x 1,000,000) | 26 | 8 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .0% | Other Investment Companies | 23,307 | 25,716 | ||||||||
1 | .6% | Short-Term Investment | 421 | 421 | ||||||||
99 | .6% | Total Investments | 23,728 | 26,137 | ||||||||
0 | .4% | Other Assets and Liabilities, Net | 106 | |||||||||
100 | .0% | Total Net Assets | 26,243 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 98.0% of net assets | ||||||||
Equity Funds 74.4% | ||||||||
American Century International Growth Fund, Institutional Shares | 90,551 | 846 | ||||||
iShares Russell 1000 Value Index Fund | 13,600 | 730 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 189,884 | 1,870 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 111,683 | 1,681 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 93,626 | 770 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 115,287 | 858 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 88,615 | 770 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 81,309 | 772 | ||||||
Schwab Core Equity Fund (a) | 287,758 | 4,103 | ||||||
Schwab Dividend Equity Fund (a) | 101,563 | 1,111 | ||||||
Schwab Global Real Estate Fund (a) | 184,001 | 1,058 | ||||||
Schwab S&P 500 Index Fund (a) | 208,139 | 3,389 | ||||||
Schwab Small-Cap Equity Fund (a) | 139,789 | 1,557 | ||||||
19,515 | ||||||||
Fixed-Income Funds 23.2% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 45,910 | 536 | ||||||
PIMCO Total Return Fund, Institutional Shares | 56,756 | 621 | ||||||
Schwab Inflation Protected Fund (a) | 52,086 | 541 | ||||||
Schwab Total Bond Market Fund (a) | 487,276 | 4,405 | ||||||
6,103 | ||||||||
Money Funds 0.4% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 98,128 | 98 | ||||||
Total Other Investment Companies (Cost $23,307) | 25,716 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.6% of net assets | ||||||||
Commercial Paper & Other Obligations 1.6% | ||||||||
Citibank, New York Time Deposit | ||||||||
0.03%, 11/02/09 | 421 | 421 | ||||||
Total Short-Term Investment (Cost $421) | 421 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $21,266) | $23,519 | |||||
Investments in unaffiliated issuers, at value (cost $2,462) | + | 2,618 | ||||
Total Investments, at value (cost $23,728) | 26,137 | |||||
Receivables: | ||||||
Fund shares sold | 123 | |||||
Dividends | 16 | |||||
Due from investment adviser | + | 2 | ||||
Total assets | 26,278 | |||||
Liabilities | ||||||
Payables: | ||||||
Fund shares redeemed | 9 | |||||
Accrued expenses | + | 26 | ||||
Total liabilities | 35 | |||||
Net Assets | ||||||
Total assets | 26,278 | |||||
Total liabilities | − | 35 | ||||
Net assets | $26,243 | |||||
Net Assets by Source | ||||||
Capital received from investors | 25,118 | |||||
Net investment income not yet distributed | 192 | |||||
Net realized capital losses | (1,476 | ) | ||||
Net unrealized capital gains | 2,409 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$26,243 | 2,850 | $9.21 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $296 | |||||
Dividends received from unaffiliated underlying funds | + | 22 | ||||
Total investment income | 318 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gain distributions received from affiliated underlying funds | 8 | |||||
Net realized losses on sales of affiliated underlying funds | (1,631 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 164 | ||||
Net realized losses | (1,459 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 4,170 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 156 | ||||
Net unrealized gains | 4,326 | |||||
Expenses | ||||||
Transfer agent fees | 2 | |||||
Professional fees | 34 | |||||
Portfolio accounting fees | 15 | |||||
Registration fees | 13 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 6 | |||||
Shareholder reports | 4 | |||||
Other expenses | + | 1 | ||||
Total expenses | 83 | |||||
Expense reduction by adviser and Schwab | − | 81 | ||||
Net expenses | 2 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 318 | |||||
Net expenses | − | 2 | ||||
Net investment income | 316 | |||||
Net realized losses | (1,459 | ) | ||||
Net unrealized gains | + | 4,326 | ||||
Increase in net assets from operations | $3,183 |
Operations |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||
Net investment income | $316 | $51 | ||||||||
Net realized losses | (1,459 | ) | (16 | ) | ||||||
Net unrealized gain (losses) | + | 4,326 | (1,917 | ) | ||||||
Increase (Decrease) in net assets from operations | $3,183 | ($1,882 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | $176 | $- |
Transactions in Fund Shares |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 2,280 | $18,714 | 1,041 | $10,308 | ||||||||||||||
Shares reinvested | 22 | 174 | — | — | ||||||||||||||
Shares redeemed | + | (398 | ) | (3,215 | ) | (95 | ) | (863 | ) | |||||||||
Net transactions in fund shares | 1,904 | $15,673 | 946 | $9,445 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 946 | $7,563 | — | $- | ||||||||||||||
Total increase | + | 1,904 | 18,680 | 946 | 7,563 | |||||||||||||
End of period | 2,850 | $26,243 | 946 | $7,563 | ||||||||||||||
Net investment income not yet distributed | $192 | $51 |
* | Commencement of operations. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 7/1/051– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.51 | 13.15 | 11.67 | 10.31 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.20 | 0.28 | 0.18 | 0.19 | 0.03 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.23 | (4.47 | ) | 1.48 | 1.34 | 0.28 | ||||||||||||||
Total from investment operations | 1.43 | (4.19 | ) | 1.66 | 1.53 | 0.31 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net income | (0.25 | ) | (0.35 | ) | (0.16 | ) | (0.17 | ) | — | |||||||||||
Distributions from net realized gains | — | (0.10 | ) | (0.02 | ) | — | — | |||||||||||||
Total distributions | (0.25 | ) | (0.45 | ) | (0.18 | ) | (0.17 | ) | — | |||||||||||
Net asset value at end of period | 9.69 | 8.51 | 13.15 | 11.67 | 10.31 | |||||||||||||||
Total return (%) | 17.31 | (32.83 | ) | 14.45 | 14.99 | 3.10 | 2 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses3 | 0.01 | 4 | 0.03 | 0.03 | 0.03 | 0.03 | 5 | |||||||||||||
Gross operating expenses3 | 0.11 | 0.10 | 0.09 | 0.32 | 0.58 | 5 | ||||||||||||||
Net investment income (loss) | 2.37 | 2.35 | 1.50 | 1.54 | 1.05 | 5 | ||||||||||||||
Portfolio turnover rate | 50 | 31 | 6 | — | — | — | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 200 | 129 | 162 | 56 | 19 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .0% | Other Investment Companies | 193,161 | 198,240 | ||||||||
1 | .2% | Short-Term Investment | 2,328 | 2,328 | ||||||||
100 | .2% | Total Investments | 195,489 | 200,568 | ||||||||
(0 | .2)% | Other Assets and Liabilities, Net | (490 | ) | ||||||||
100 | .0% | Total Net Assets | 200,078 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 99.0% of net assets | ||||||||
Equity Funds 81.5% | ||||||||
American Century International Growth Fund, Institutional Shares | 741,880 | 6,929 | ||||||
iShares Russell 1000 Value Index Fund | 125,000 | 6,714 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 1,571,885 | 15,483 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 900,944 | 13,559 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 746,218 | 6,134 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 941,822 | 7,007 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 312,128 | 2,712 | ||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a) | 288,700 | 3,303 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 829,617 | 7,873 | ||||||
Schwab Core Equity Fund (a) | 2,335,175 | 33,300 | ||||||
Schwab Dividend Equity Fund (a) | 756,552 | 8,277 | ||||||
Schwab Global Real Estate Fund (a) | 1,609,602 | 9,255 | ||||||
Schwab S&P 500 Index Fund (a) | 1,713,949 | 27,903 | ||||||
Schwab Small-Cap Equity Fund (a) | 1,310,455 | 14,599 | ||||||
163,048 | ||||||||
Fixed-Income Funds 16.3% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 211,907 | 2,475 | ||||||
PIMCO Total Return Fund, Institutional Shares | 284,990 | 3,118 | ||||||
Schwab Inflation Protected Fund (a) | 239,361 | 2,487 | ||||||
Schwab Total Bond Market Fund (a) | 2,716,062 | 24,553 | ||||||
32,633 | ||||||||
Money Funds 1.2% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 2,558,910 | 2,559 | ||||||
Total Other Investment Company (Cost $193,161) | 198,240 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.2% of net assets | ||||||||
Commercial Paper & Other Obligations 1.2% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 2,328 | 2,328 | ||||||
Total Short-Term Investment (Cost $2,328) | 2,328 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $177,834) | $181,479 | |||||
Investments in unaffiliated issuers, at value (cost $17,655) | + | 19,089 | ||||
Total investments, at value (cost $195,489) | 200,568 | |||||
Receivables: | ||||||
Fund shares sold | 460 | |||||
Dividends | 86 | |||||
Prepaid expenses | + | 3 | ||||
Total assets | 201,117 | |||||
Liabilities | ||||||
Payables: | ||||||
Administrator fees | 8 | |||||
Investments bought | 850 | |||||
Fund shares redeemed | 139 | |||||
Accrued expenses | + | 42 | ||||
Total liabilities | 1,039 | |||||
Net Assets | ||||||
Total assets | 201,117 | |||||
Total liabilities | − | 1,039 | ||||
Net assets | $200,078 | |||||
Net Assets by Source | ||||||
Capital received from investors | 225,085 | |||||
Net investment income not yet distributed | 1,607 | |||||
Net realized capital losses | (31,693 | ) | ||||
Net unrealized capital gains | 5,079 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$200,078 | 20,652 | $9.69 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $3,397 | |||||
Dividends received from unaffiliated underlying funds | 167 | |||||
Interest | + | 1 | ||||
Total investment income | 3,565 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gains distributions received from affiliated underlying funds | 119 | |||||
Net realized losses on sales of affiliated underlying funds | (24,689 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 1,852 | ||||
Net realized losses | (22,718 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 44,805 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 1,434 | ||||
Net unrealized gains | 46,239 | |||||
Expenses | ||||||
Transfer agent fees | 10 | |||||
Professional fees | 47 | |||||
Shareholder reports | 43 | |||||
Registration fees | 30 | |||||
Portfolio accounting fees | 17 | |||||
Custodian fees | 9 | |||||
Trustees’ fees | 7 | |||||
Other expenses | + | 4 | ||||
Total expenses | 167 | |||||
Expense reduction by adviser and Schwab | − | 149 | ||||
Net expenses | 18 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 3,565 | |||||
Net expenses | − | 18 | ||||
Net investment income | 3,547 | |||||
Net realized losses | (22,718 | ) | ||||
Net unrealized gains | + | 46,239 | ||||
Increase in net assets from operations | $27,068 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $3,547 | $3,728 | ||||||||
Net realized losses | (22,718 | ) | (7,462 | ) | ||||||
Net unrealized gains (losses) | + | 46,239 | (56,219 | ) | ||||||
Increase (Decrease) in net assets from operations | 27,068 | (59,953 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 3,827 | 4,582 | ||||||||
Distributions from net realized gains | + | - | 1,299 | |||||||
Total distributions | $3,827 | $5,881 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 7,906 | $68,297 | 5,714 | $63,457 | ||||||||||||||
Shares reinvested | 458 | 3,740 | 483 | 5,740 | ||||||||||||||
Shares redeemed | + | (2,821 | ) | (23,796 | ) | (3,426 | ) | (37,045 | ) | |||||||||
Net transactions in fund shares | 5,543 | $48,241 | 2,771 | $32,152 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 15,109 | $128,596 | 12,338 | $162,278 | ||||||||||||||
Total increase or decrease | + | 5,543 | 71,482 | 2,771 | ($33,682 | ) | ||||||||||||
End of period | 20,652 | $200,078 | 15,109 | $128,596 | ||||||||||||||
Net investment income not yet distributed | $1,607 | $1,882 |
11/1/08– | 3/12/081– | |||||||
10/31/09 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 7.76 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.15 | 0.04 | ||||||
Net realized and unrealized gains (losses) | 1.23 | (2.28 | ) | |||||
Total from investment operations | 1.38 | (2.24 | ) | |||||
Less distributions: | ||||||||
Dividends from net investment income | (0.14 | ) | — | |||||
Net asset value at end of period | 9.00 | 7.76 | ||||||
Total return (%) | 18.22 | (22.40 | )2 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses3 | 0.01 | 4 | 0.02 | 5 | ||||
Gross operating expenses3 | 0.67 | 1.57 | 5 | |||||
Net investment income (loss) | 1.92 | 1.32 | 5 | |||||
Portfolio turnover rate | 49 | 7 | 2 | |||||
Net assets, end of period ($ x 1,000,000) | 22 | 6 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .0% | Other Investment Companies | 19,492 | 21,867 | ||||||||
1 | .2% | Short-Term Investment | 276 | 276 | ||||||||
100 | .2% | Total Investments | 19,768 | 22,143 | ||||||||
(0 | .2)% | Other Assets and Liabilities, Net | (53 | ) | ||||||||
100 | .0% | Total Net Assets | 22,090 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 99.0% of net assets | ||||||||
Equity Funds 86.6% | ||||||||
American Century International Growth Fund, Institutional Shares | 89,397 | 835 | ||||||
iShares Russell 1000 Value Index Fund | 13,500 | 725 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 183,919 | 1,812 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 108,808 | 1,638 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 90,654 | 745 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 112,230 | 835 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 86,363 | 750 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 92,278 | 876 | ||||||
Schwab Core Equity Fund (a) | 272,719 | 3,889 | ||||||
Schwab Dividend Equity Fund (a) | 97,428 | 1,066 | ||||||
Schwab Global Real Estate Fund (a) | 178,902 | 1,029 | ||||||
Schwab S&P 500 Index Fund (a) | 202,672 | 3,299 | ||||||
Schwab Small-Cap Equity Fund (a) | 145,838 | 1,625 | ||||||
19,124 | ||||||||
Fixed-Income Funds 11.3% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 14,330 | 167 | ||||||
PIMCO Total Return Fund, Institutional Shares | 20,677 | 226 | ||||||
Schwab Inflation Protected Fund (a) | 17,699 | 184 | ||||||
Schwab Total Bond Market Fund (a) | 212,404 | 1,920 | ||||||
2,497 | ||||||||
Money Funds 1.1% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 246,451 | 246 | ||||||
Total Other Investment Companies (Cost $19,492) | 21,867 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.2% of net assets | ||||||||
Commercial Paper & Other Obligation 1.2% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 276 | 276 | ||||||
Total Short-Term Investment (Cost $276) | 276 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $17,837) | $20,081 | |||||
Investments in unaffiliated issuers, at value (cost $1,931) | + | 2,062 | ||||
Total Investments, at value (cost $19,768) | 22,143 | |||||
Receivables: | ||||||
Fund shares sold | 113 | |||||
Dividends | 6 | |||||
Due from investment adviser | + | 1 | ||||
Total assets | 22,263 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 145 | |||||
Accrued expenses | + | 28 | ||||
Total liabilities | 173 | |||||
Net Assets | ||||||
Total assets | 22,263 | |||||
Total liabilities | − | 173 | ||||
Net assets | $22,090 | |||||
Net Assets by Source | ||||||
Capital received from investors | 20,951 | |||||
Net investment income not yet distributed | 130 | |||||
Net realized capital losses | (1,366 | ) | ||||
Net unrealized capital gains | 2,375 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$22,090 | 2,456 | $9.00 | * |
* | Due to rounding, net assets divided by shares outstanding does not equal net asset value. |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $227 | |||||
Dividends received from unaffiliated underlying funds | + | 13 | ||||
Total investment income | 240 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gain distributions received from affiliated underlying funds | 7 | |||||
Net realized losses on sales of affiliated underlying funds | (1,431 | ) | ||||
Net realized gains on unaffiliated underlying funds | + | 155 | ||||
Net Realized Losses | (1,269 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 3,825 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 131 | ||||
Net Unrealized Gains | 3,956 | |||||
Expenses | ||||||
Transfer agent fees | 3 | |||||
Professional fees | 34 | |||||
Portfolio accounting fees | 15 | |||||
Registration fees | 13 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 5 | |||||
Shareholder reports | 5 | |||||
Other expenses | + | 1 | ||||
Total expenses | 84 | |||||
Expense reduction by adviser and Schwab | − | (83 | ) | |||
Net expenses | 1 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 240 | |||||
Net expenses | − | 1 | ||||
Net investment income | 239 | |||||
Net realized losses | (1,269 | ) | ||||
Net unrealized gains | + | 3,956 | ||||
Increase in net assets from operations | $2,926 |
Operations |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||
Net investment income | $239 | $34 | ||||||||
Net realized losses | (1,269 | ) | (97 | ) | ||||||
Net unrealized gains (losses) | + | 3,956 | (1,581 | ) | ||||||
Increase (Decrease) in net assets from operations | 2,926 | (1,644 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | $143 | $- |
Transactions in Fund Shares |
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 1,879 | $14,893 | 911 | $8,843 | ||||||||||||||
Shares reinvested | 19 | 141 | — | - | ||||||||||||||
Shares redeemed | + | (236 | ) | (1,886 | ) | (117 | ) | (1,040 | ) | |||||||||
Net transactions in fund shares | 1,662 | $13,148 | 794 | $7,803 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 03/12/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 794 | $6,159 | — | $- | ||||||||||||||
Total increase | + | 1,662 | 15,931 | 794 | 6,159 | |||||||||||||
End of period | 2,456 | $22,090 | 794 | $6,159 | ||||||||||||||
Net investment income not yet distributed | $130 | $34 |
* | Commencement of operations. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 7/1/051– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.48 | 13.45 | 11.83 | 10.36 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.18 | 0.28 | 0.17 | 0.19 | 0.02 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.27 | (4.80 | ) | 1.62 | 1.45 | 0.34 | ||||||||||||||
Total from investment operations | 1.45 | (4.52 | ) | 1.79 | 1.64 | 0.36 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.22 | ) | (0.36 | ) | (0.15 | ) | (0.17 | ) | — | |||||||||||
Distributions from net realized gains | — | (0.09 | ) | (0.02 | ) | — | — | |||||||||||||
Total distributions | (0.22 | ) | (0.45 | ) | (0.17 | ) | (0.17 | ) | — | |||||||||||
Net asset value at end of period | 9.71 | 8.48 | 13.45 | 11.83 | 10.36 | |||||||||||||||
Total return (%) | 17.66 | (34.60 | ) | 15.32 | 16.06 | 3.60 | 2 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses3 | 0.00 | 4,5 | 0.01 | 0.01 | 0.01 | 0.01 | 6 | |||||||||||||
Gross operating expenses3 | 0.15 | 0.15 | 0.13 | 0.48 | 1.10 | 6 | ||||||||||||||
Net investment income (loss) | 2.15 | 2.22 | 1.19 | 1.26 | 0.80 | 6 | ||||||||||||||
Portfolio turnover rate | 51 | 36 | 7 | — | 1 | — | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 163 | 94 | 118 | 34 | 9 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .8% | Other Investment Companies | 155,069 | 160,932 | ||||||||
1 | .3% | Short-Term Investment | 2,075 | 2,075 | ||||||||
100 | .1% | Total Investments | 157,144 | 163,007 | ||||||||
(0 | .1)% | Other Assets and Liabilities, Net | (183 | ) | ||||||||
100 | .0% | Total Net Assets | 162,824 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Other Investment Companies 98.8% of net assets | ||||||||
Equity Funds 90.5% | ||||||||
American Century International Growth Fund, Institutional Shares | 690,650 | 6,451 | ||||||
iShares Russell 1000 Value Index Fund | 110,000 | 5,908 | ||||||
Laudus Growth Investors U.S. Large Cap Growth Fund (a) | 1,418,425 | 13,971 | ||||||
Laudus International MarketMasters Fund, Select Shares (a) | 823,699 | 12,397 | ||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares (a) | 703,893 | 5,786 | ||||||
Laudus Mondrian International Equity Fund, Institutional Shares (a) | 884,891 | 6,584 | ||||||
Laudus Rosenberg International Discovery Fund, Select Shares (a) | 366,462 | 3,184 | ||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares (a) | 229,358 | 2,624 | ||||||
Laudus Small-Cap MarketMasters Fund, Select Shares (a) | 712,298 | 6,760 | ||||||
Schwab Core Equity Fund (a) | 2,164,533 | 30,866 | ||||||
Schwab Dividend Equity Fund (a) | 704,722 | 7,710 | ||||||
Schwab Global Real Estate Fund (a) | 1,427,866 | 8,210 | ||||||
Schwab S&P 500 Index Fund (a) | 1,495,528 | 24,347 | ||||||
Schwab Small-Cap Equity Fund (a) | 1,131,601 | 12,606 | ||||||
147,404 | ||||||||
Fixed-Income Funds 7.1% | ||||||||
Laudus Mondrian International Fixed Income Fund (a) | 68,032 | 794 | ||||||
PIMCO Total Return Fund, Institutional Shares | 121,067 | 1,325 | ||||||
Schwab Inflation Protected Fund (a) | 78,287 | 813 | ||||||
Schwab Total Bond Market Fund (a) | 951,841 | 8,605 | ||||||
11,537 | ||||||||
Money Funds 1.2% | ||||||||
Schwab Value Advantage Money Fund, Institutional Shares (a) | 1,990,619 | 1,991 | ||||||
Total Other Investment Companies (Cost $155,069) | 160,932 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.3% of net assets | ||||||||
Commercial Paper & Other Obligations 1.3% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 2,075 | 2,075 | ||||||
Total Short-Term Investment (Cost $2,075) | 2,075 | |||||||
End of Investments. |
(a) | Issuer is affiliated with the fund’s adviser. |
Assets | ||||||
Investments in affiliated underlying funds, at value (cost $142,624) | $147,248 | |||||
Investments in unaffiliated issuers, at value (cost $14,520) | + | 15,759 | ||||
Total Investments, at value (cost $157,144) | 163,007 | |||||
Receivables: | ||||||
Fund shares sold | 486 | |||||
Dividends | 31 | |||||
Prepaid expenses | + | 2 | ||||
Total assets | 163,526 | |||||
Liabilities | ||||||
Payables: | ||||||
Administrator fees | 14 | |||||
Investments bought | 590 | |||||
Fund shares redeemed | 54 | |||||
Accrued expenses | + | 44 | ||||
Total liabilities | 702 | |||||
Net Assets | ||||||
Total assets | 163,526 | |||||
Total liabilities | − | 702 | ||||
Net assets | $162,824 | |||||
Net Assets by Source | ||||||
Capital received from investors | 181,474 | |||||
Net investment income not yet distributed | 1,018 | |||||
Net realized capital losses | (25,531 | ) | ||||
Net unrealized capital gains | 5,863 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$162,824 | 16,764 | $9.71 |
Investment Income | ||||||
Dividends received from affiliated underlying funds | $2,392 | |||||
Dividends received from unaffiliated underlying funds | + | 110 | ||||
Total investment income | 2,502 | |||||
Net Realized Gains and Losses | ||||||
Realized capital gain distributions received from affiliated underlying funds | 88 | |||||
Net realized losses on sales of affiliated underlying funds | (19,219 | ) | ||||
Net realized gains on sales of unaffiliated underlying funds | + | 1,589 | ||||
Net realized losses | (17,542 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on affiliated underlying funds | 36,815 | |||||
Net unrealized gains on unaffiliated underlying funds | + | 1,239 | ||||
Net unrealized gains | 38,054 | |||||
Expenses | ||||||
Transfer agent fees | 7 | |||||
Shareholder reports | 61 | |||||
Professional fees | 44 | |||||
Registration fees | 26 | |||||
Portfolio accounting fees | 17 | |||||
Custodian fees | 8 | |||||
Trustees’ fees | 7 | |||||
Other expenses | + | 3 | ||||
Total expenses | 173 | |||||
Expense reduction by adviser and Schwab | − | 168 | ||||
Net expenses | 5 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 2,502 | |||||
Net expenses | − | 5 | ||||
Net investment income | 2,497 | |||||
Net realized losses | (17,542 | ) | ||||
Net unrealized gains | + | 38,054 | ||||
Increase in net assets from operations | $23,009 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $2,497 | $2,540 | ||||||||
Net realized losses | (17,542 | ) | (6,815 | ) | ||||||
Net unrealized gains (losses) | + | 38,054 | (42,552 | ) | ||||||
Increase (Decrease) in net assets from operations | 23,009 | (46,827 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 2,541 | 3,281 | ||||||||
Distributions from net realized gains | + | - | 851 | |||||||
Total distributions | $2,541 | $4,132 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 7,414 | $63,321 | 4,826 | $54,153 | ||||||||||||||
Shares reinvested | 308 | 2,487 | 336 | $4,043 | ||||||||||||||
Shares redeemed | + | (2,002 | ) | (17,072 | ) | (2,902 | ) | ($31,780 | ) | |||||||||
Net transactions in fund shares | 5,720 | $48,736 | 2,260 | $26,416 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 11,044 | $93,620 | 8,784 | $118,163 | ||||||||||||||
Total increase or decrease | + | 5,720 | 69,204 | 2,260 | (24,543 | ) | ||||||||||||
End of period | 16,764 | $162,824 | 11,044 | $93,620 | ||||||||||||||
Net investment income not yet distributed | $1,018 | $1,061 |
Schwab Capital Trust (organized May 7, 1993) Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Laudus Small-Cap MarketMasters Fund | Laudus International MarketMasters Fund Schwab Balanced Fund Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund Schwab Financial Services Fund Schwab Health Care Fund Schwab International Core Equity Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund—Moderate Payout Schwab Monthly Income Fund—Enhanced Payout Schwab Monthly Income Fund—Maximum Payout | |||
• | Underlying funds: valued at their respective NAV as determined by those funds, in accordance with the 1940 Act for a given day. | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. |
(All dollar amounts are x 1,000)
• | Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The funds do not adjust the quoted price for such instruments, even in situations where the funds hold a large position and a sale could reasonably impact the quoted prices. | |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include certain U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the funds’ own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $73,412 | $— | $— | $73,412 | ||||||||||||
Short-Term Investment(a) | — | 1,358 | — | 1,358 | ||||||||||||
Total | $73,412 | $1,358 | $— | $74,770 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $16,578 | $— | $— | $16,578 | ||||||||||||
Short-Term Investment(a) | — | 456 | — | 456 | ||||||||||||
Total | $16,578 | $456 | $— | $17,034 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $195,458 | $— | $— | $195,458 | ||||||||||||
Short-Term Investment(a) | — | 2,264 | — | 2,264 | ||||||||||||
Total | $195,458 | $2,264 | $— | $197,722 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $25,716 | $— | $— | $25,716 | ||||||||||||
Short-Term Investment(a) | — | 421 | — | 421 | ||||||||||||
Total | $25,716 | $421 | $— | $26,137 | ||||||||||||
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $198,240 | $— | $— | $198,240 | ||||||||||||
Short-Term Investment(a) | — | 2,328 | — | 2,328 | ||||||||||||
Total | $198,240 | $2,328 | $— | $200,568 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $21,867 | $— | $— | $21,867 | ||||||||||||
Short-Term Investment(a) | — | 276 | — | 276 | ||||||||||||
Total | $21,867 | $276 | $— | $22,143 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total* | ||||||||||||
Other Investment Companies(a) | $160,932 | $— | $— | $160,932 | ||||||||||||
Short-Term Investment(a) | — | 2,075 | — | 2,075 | ||||||||||||
Total | $160,932 | $2,075 | $— | $163,007 | ||||||||||||
* | The fund had no Other Financial Instruments. | |
(a) | As categorized in Portfolio Holdings |
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | ||||||||||||||||||||||
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
% of Average Daily | 2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | |||||||||||||||||||||
Net Assets | Fund | Fund | Fund | Fund | Fund | Fund | Fund | |||||||||||||||||||||
Current rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||||||
Prior to April 20, 2009, the expense limitation was: | ||||||||||||||||||||||||||||
Prior rate | 0.06% | 0.05% | 0.04% | 0.04% | 0.03% | 0.02% | 0.01% |
(All dollar amounts are x 1,000)
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | ||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||
Schwab Active Equity Funds: | ||||||||||||||||||||||||||||
Schwab Core Equity Fund | 0.4% | 0.1% | 1.5% | 0.2% | 1.9% | 0.2% | 1.7% | |||||||||||||||||||||
Schwab Dividend Equity Fund | 0.1% | —% | * | 0.5% | 0.1% | 0.6% | 0.1% | 0.6% | ||||||||||||||||||||
Schwab Small-Cap Equity Fund | 1.1% | 0.4% | 4.5% | 0.8% | 7.2% | 0.8% | 6.2% | |||||||||||||||||||||
�� | ||||||||||||||||||||||||||||
Schwab Equity Index Fund: | ||||||||||||||||||||||||||||
Schwab S&P 500 Index Fund | 0.1% | —% | * | 0.3% | —% | * | 0.3% | —% | * | 0.3% | ||||||||||||||||||
Laudus MarketMasters Funds: | ||||||||||||||||||||||||||||
Laudus International MarketMasters Fund | 0.2% | 0.1% | 0.8% | 0.1% | 0.9% | 0.1% | 0.8% | |||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund | 0.3% | 0.1% | 1.3% | 0.2% | 2.2% | 0.2% | 1.9% | |||||||||||||||||||||
Laudus Funds: | ||||||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | 2.5% | 0.7% | 9.2% | 1.4% | 11.4% | 1.3% | 10.3% | |||||||||||||||||||||
Laudus Rosenberg International Discovery Fund | —% | 0.1% | 0.4% | 0.2% | 0.8% | 0.2% | 1.0% | |||||||||||||||||||||
Laudus Rosenberg International Small Capitalization Fund | 0.3% | —% | 1.0% | —% | 0.8% | —% | 0.6% | |||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund | 1.6% | 0.5% | 7.8% | 1.0% | 8.3% | 1.0% | 7.9% | |||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 0.9% | 0.2% | 2.1% | 0.2% | 1.1% | 0.1% | 0.4% | |||||||||||||||||||||
Laudus Mondrian International Equity Fund | 2.1% | 0.5% | 7.5% | 1.1% | 9.3% | 1.1% | 8.8% | |||||||||||||||||||||
Schwab Bond Funds: | ||||||||||||||||||||||||||||
Schwab Premier Income Fund | 1.0% | 0.2% | 1.0% | —% | —% | —% | —% | |||||||||||||||||||||
Schwab Short Term Bond Market Fund | 2.8% | 0.4% | 1.5% | —% | —% | —% | —% | |||||||||||||||||||||
Schwab Total Bond Market Fund | 1.9% | 0.4% | 4.0% | 0.5% | 2.6% | 0.2% | 0.9% | |||||||||||||||||||||
Schwab Inflation Protected Fund | 0.8% | 0.2% | 1.7% | 0.2% | 0.8% | 0.1% | 0.3% | |||||||||||||||||||||
Schwab Global Real Estate Fund | 1.1% | 0.4% | 6.0% | 0.7% | 6.6% | 0.7% | 5.8% | |||||||||||||||||||||
Schwab Money Funds: | ||||||||||||||||||||||||||||
Schwab Value Advantage Money Fund | —% | * | —% | * | —% | * | —% | * | —% | * | —% | * | —% | * |
* | Less than 0.05% |
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||
Balance of | Balance | Market | Gain (Loss) | Received* | ||||||||||||||||||||||||
Shares | of Shares | Value | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | to | to | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | 10/31/09 | |||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 346,021 | — | 346,021 | $3,408 | $— | $— | |||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 550,465 | 72,880 | (422,172 | ) | 201,173 | 3,028 | (3,035 | ) | 320 | |||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 239,842 | 35,231 | (130,646 | ) | 144,427 | 1,187 | (451 | ) | 21 | |||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 241,583 | (32,818 | ) | 208,765 | 1,553 | 66 | — | ||||||||||||||||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares | 147,397 | 4,519 | (48,890 | ) | 103,026 | 1,179 | (380 | ) | 42 | |||||||||||||||||||
Laudus Rosenberg U.S, Discovery Fund, Select Shares | 132,319 | 13,142 | (145,461 | ) | — | — | (879 | ) | 21 | |||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 601,215 | 44,866 | (646,081 | ) | — | — | (1,939 | ) | 56 | |||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 143,791 | 127,587 | (271,378 | ) | — | — | 17 | 28 | ||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 107,143 | — | 107,143 | 1,017 | — | — | |||||||||||||||||||||
Schwab Core Equity Fund | 1,275,440 | 61,717 | (811,770 | ) | 525,387 | 7,492 | (4,330 | ) | 283 | |||||||||||||||||||
Schwab Dividend Equity Fund | 319,820 | 1,926 | (144,837 | ) | 176,909 | 1,936 | (438 | ) | 50 | |||||||||||||||||||
Schwab Global Real Estate Fund | 434,675 | 54,519 | (218,651 | ) | 270,543 | 1,556 | (633 | ) | 46 | |||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 830,276 | (830,276 | ) | — | — | 28 | 90 | ||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 396,981 | — | 396,981 | 6,463 | — | — | |||||||||||||||||||||
Schwab Small-Cap Equity Fund | 298,597 | 12,378 | (110,768 | ) | 200,207 | 2,230 | (705 | ) | 2 | |||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 383,905 | 6,459 | (218,815 | ) | 171,549 | 2,004 | 63 | 118 | ||||||||||||||||||||
Schwab Inflation Protected Fund | 404,494 | 2,470 | (186,038 | ) | 220,926 | 2,295 | (233 | ) | 23 | |||||||||||||||||||
Schwab Premier Income Fund | — | 299,328 | — | 299,328 | 2,999 | — | 130 | |||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 99,635 | 741,203 | (16,629 | ) | 824,209 | 7,401 | (5 | ) | 115 | |||||||||||||||||||
Schwab Total Bond Market Fund | 2,944,018 | 74,100 | (1,066,719 | ) | 1,951,399 | 17,641 | (1,214 | ) | 802 | |||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 4,757,731 | 525,700 | (1,815,000 | ) | 3,468,431 | 3,468 | — | 29 | ||||||||||||||||||||
Total | $66,857 | ($14,068 | ) | $2,176 | ||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||||||
Balance | Market | Gain (Loss) | Received* | |||||||||||||||||||||||||||||
Balance of | of Shares | Value | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||||||
Shares Held | Gross | Gross | Held at | at | to | to | ||||||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | 10/31/09 | |||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 93,806 | — | 93,806 | $924 | $— | $— | |||||||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 49,320 | 37,655 | (33,312 | ) | 53,663 | 808 | (260 | ) | 30 | |||||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 27,973 | 18,414 | (3,442 | ) | 42,945 | 353 | (15 | ) | 2 | |||||||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 54,576 | — | 54,576 | 406 | — | — | |||||||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 20,202 | 22,721 | (3,044 | ) | 39,879 | 347 | (17 | ) | 3 | |||||||||||||||||||||||
Laudus Rosenberg U.S Discovery Fund, Select Shares | 12,775 | 4,901 | (17,676 | ) | — | — | (56 | ) | 2 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 50,765 | 18,698 | (69,463 | ) | — | — | (148 | ) | 5 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 21,238 | 23,488 | (44,726 | ) | — | — | (14 | ) | 4 | |||||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 39,964 | — | 39,964 | 379 | — | — | |||||||||||||||||||||||||
Schwab Core Equity Fund | 103,207 | 104,725 | (65,925 | ) | 142,007 | 2,025 | (399 | ) | 24 | |||||||||||||||||||||||
Schwab Dividend Equity Fund | 15,600 | 37,594 | — | 53,194 | 582 | — | 7 | |||||||||||||||||||||||||
Schwab Global Real Estate Fund | 43,919 | 53,027 | — | 96,946 | 557 | — | 9 | |||||||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 103,285 | — | 103,285 | 1,681 | — | — | |||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 177,317 | (177,317 | ) | — | — | — | 19 | ||||||||||||||||||||||||
Schwab Small-Cap Equity Fund | 27,239 | 41,369 | (3,205 | ) | 65,403 | 729 | (18 | ) | — | |||||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 20,812 | 21,487 | (5,831 | ) | 36,468 | 426 | (4 | ) | 11 | |||||||||||||||||||||||
Schwab Inflation Protected Fund | 21,813 | 31,120 | (3,179 | ) | 49,754 | 517 | (4 | ) | 2 | |||||||||||||||||||||||
Schwab Premier Income Fund | — | 51,813 | — | 51,813 | 519 | — | 16 | |||||||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 8,719 | 112,646 | (6,229 | ) | 115,136 | 1,034 | (3 | ) | 11 | |||||||||||||||||||||||
Schwab Total Bond Market Fund | 178,165 | 298,167 | (82,172 | ) | 394,160 | 3,563 | (51 | ) | 84 | |||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 241,389 | 156,262 | (106,000 | ) | 291,651 | 292 | — | 2 | ||||||||||||||||||||||||
Total | $15,142 | ($989 | ) | $231 | ||||||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | ||||||||||||||||||||||||||||
Balance of | Balance | Market | Gain (Loss) | Distribution | ||||||||||||||||||||||||
Shares | of Shares | Value | 11/01/08 | Received* | ||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | to | 11/01/08 | ||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | to 10/31/09 | |||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 1,268,743 | — | 1,268,743 | $12,497 | $— | $— | |||||||||||||||||||||
Laudus International MarketMasters Fund , Select Shares | 1,379,210 | 250,249 | (776,043 | ) | 853,416 | 12,844 | (7,323 | ) | 798 | |||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 638,581 | 143,032 | (82,595 | ) | 699,018 | 5,746 | (326 | ) | 60 | |||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 760,687 | — | 760,687 | 5,660 | — | — | |||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 44,834 | 113,194 | — | 158,028 | 1,373 | — | 13 | |||||||||||||||||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares | 315,819 | 33,361 | — | 349,180 | 3,995 | — | 90 | |||||||||||||||||||||
Laudus Rosenberg U.S, Discovery Fund, Select Shares | 324,865 | 68,073 | (392,938 | ) | — | — | (2,180 | ) | 48 | |||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 1,382,380 | 216,758 | (1,599,138 | ) | — | — | (5,098 | ) | 137 | |||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 326,797 | 460,828 | (787,625 | ) | — | — | 324 | 81 | ||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 482,704 | — | 482,704 | 4,581 | — | — | |||||||||||||||||||||
Schwab Core Equity Fund | 3,049,538 | 305,088 | (1,467,720 | ) | 1,886,906 | 26,907 | (9,194 | ) | 700 | |||||||||||||||||||
Schwab Dividend Equity Fund | 742,750 | 94,511 | (237,010 | ) | 600,251 | 6,567 | (755 | ) | 133 | |||||||||||||||||||
Schwab Global Real Estate Fund | 1,519,811 | 7,555 | (66,231 | ) | 1,461,135 | 8,401 | (249 | ) | 187 | |||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 2,834,282 | (2,834,282 | ) | — | — | — | 322 | ||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 1,424,906 | — | 1,424,906 | 23,198 | — | — | |||||||||||||||||||||
Schwab Small-Cap Equity Fund | 672,043 | 226,034 | (74,447 | ) | 823,630 | 9,175 | (695 | ) | 4 | |||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 621,052 | 29,692 | (245,513 | ) | 405,231 | 4,733 | (83 | ) | 237 | |||||||||||||||||||
Schwab Inflation Protected Fund | 660,447 | 64,723 | (251,006 | ) | 474,164 | 4,927 | (305 | ) | 42 | |||||||||||||||||||
Schwab Short-Term Bond Market Fund | 108,268 | 322,729 | — | 430,997 | 3,870 | — | 63 | |||||||||||||||||||||
Schwab Total Bond Market Fund | 5,036,056 | 663,067 | (1,543,864 | ) | 4,155,259 | 37,563 | (1,784 | ) | 1,470 | |||||||||||||||||||
Schwab Premier Income Fund | — | 301,972 | — | 301,972 | 3,026 | — | 115 | |||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 4,088,037 | 19,927 | (1,420,000 | ) | 2,687,964 | 2,688 | — | 20 | ||||||||||||||||||||
Total | $177,751 | ($27,668 | ) | $4,520 | ||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||||||
Balance of | Balance | Market | Gain (Loss) | Received* | ||||||||||||||||||||||||||||
Shares | of Shares | Value | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | to | to | ||||||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | 10/31/09 | |||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 189,884 | — | 189,884 | $1,870 | $— | $— | |||||||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 67,350 | 111,344 | (67,011 | ) | 111,683 | 1,681 | (458 | ) | 46 | |||||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 34,640 | 64,615 | (5,629 | ) | 93,626 | 770 | (21 | ) | 3 | |||||||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 119,468 | (4,181 | ) | 115,287 | 858 | 1 | — | ||||||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 26,388 | 67,448 | (5,221 | ) | 88,615 | 770 | (29 | ) | 5 | |||||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 81,309 | — | 81,309 | 772 | — | — | |||||||||||||||||||||||||
Laudus Rosenberg U.S, Discovery Fund, Select Shares | 16,763 | 11,770 | (28,533 | ) | — | — | (91 | ) | 3 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 72,177 | 42,469 | (114,646 | ) | — | — | (254 | ) | 8 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 26,790 | 67,833 | (94,623 | ) | — | — | 36 | 7 | ||||||||||||||||||||||||
Schwab Core Equity Fund | 149,066 | 262,612 | (123,920 | ) | 287,758 | 4,103 | (729 | ) | 38 | |||||||||||||||||||||||
Schwab Dividend Equity Fund | 23,787 | 77,776 | — | 101,563 | 1,111 | — | 13 | |||||||||||||||||||||||||
Schwab Global Real Estate Fund | 55,837 | 130,585 | (2,421 | ) | 184,001 | 1,058 | (11 | ) | 17 | |||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 374,054 | (374,054 | ) | — | — | 1 | 40 | ||||||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 208,139 | — | 208,139 | 3,389 | — | — | |||||||||||||||||||||||||
Schwab Small-Cap Equity Fund | 36,649 | 105,811 | (2,671 | ) | 139,789 | 1,557 | (16 | ) | — | |||||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 23,671 | 27,045 | (4,806 | ) | 45,910 | 536 | (4 | ) | 15 | |||||||||||||||||||||||
Schwab Inflation Protected Fund | 24,844 | 32,855 | (5,613 | ) | 52,086 | 541 | (5 | ) | 2 | |||||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 15,715 | 11,274 | (26,989 | ) | — | — | (7 | ) | 2 | |||||||||||||||||||||||
Schwab Total Bond Market Fund | 187,597 | 368,334 | (68,655 | ) | 487,276 | 4,405 | (44 | ) | 104 | |||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 165,598 | 82,530 | (150,000 | ) | 98,128 | 98 | — | 1 | ||||||||||||||||||||||||
Total | $23,519 | ($1,631 | ) | $304 | ||||||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Balance of | Balance | Market | Realized | Distribution | ||||||||||||||||||||||||||||
Shares | of Shares | Value | Gain (Loss) | Received* | ||||||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | to 10/31/09 | to 10/31/09 | |||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 1,571,885 | — | 1,571,885 | $15,483 | $— | $— | |||||||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 1,246,584 | 387,519 | (733,159 | ) | 900,944 | 13,559 | (7,813 | ) | 727 | |||||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 558,030 | 188,188 | — | 746,218 | 6,134 | — | 56 | |||||||||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 941,822 | — | 941,822 | 7,007 | — | — | |||||||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 46,133 | 265,995 | — | 312,128 | 2,712 | — | 16 | |||||||||||||||||||||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares | 280,079 | 8,621 | — | 288,700 | 3,303 | — | 80 | |||||||||||||||||||||||||
Laudus Rosenberg U.S, Discovery Fund, Select Shares | 313,747 | 69,315 | (383,062 | ) | — | — | (2,226 | ) | 54 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 1,141,620 | 285,150 | (1,426,770 | ) | — | — | (4,333 | ) | 117 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 235,294 | 641,928 | (877,222 | ) | — | — | 645 | 77 | ||||||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 829,617 | — | 829,617 | 7,873 | — | — | |||||||||||||||||||||||||
Schwab Core Equity Fund | 2,495,466 | 1,119,664 | (1,279,955 | ) | 2,335,175 | 33,300 | (8,370 | ) | 583 | |||||||||||||||||||||||
Schwab Dividend Equity Fund | 602,438 | 345,545 | (191,431 | ) | 756,552 | 8,277 | (655 | ) | 135 | |||||||||||||||||||||||
Schwab Global Real Estate Fund | 1,527,899 | 136,288 | (54,585 | ) | 1,609,602 | 9,255 | (181 | ) | 193 | |||||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 1,713,949 | — | 1,713,949 | 27,903 | — | — | |||||||||||||||||||||||||
Schwab Small-Cap Equity Fund | 682,647 | 627,808 | — | 1,310,455 | 14,599 | — | 4 | |||||||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 369,106 | 36,101 | (193,300 | ) | 211,907 | 2,475 | (32 | ) | 139 | |||||||||||||||||||||||
Schwab Inflation Protected Fund | 386,869 | 58,974 | (206,482 | ) | 239,361 | 2,487 | (175 | ) | 25 | |||||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 53,997 | 78,775 | (132,772 | ) | — | — | (35 | ) | 14 | |||||||||||||||||||||||
Schwab Total Bond Market Fund | 3,262,393 | 840,409 | (1,386,740 | ) | 2,716,062 | 24,553 | (1,514 | ) | 918 | |||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 3,752,916 | 415,994 | (1,610,000 | ) | 2,558,910 | 2,559 | — | 17 | ||||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 3,265,691 | (3,265,691 | ) | — | — | — | 361 | ||||||||||||||||||||||||
Total | $181,479 | ($24,689 | ) | $3,516 | ||||||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||||||
Balance of | Balance | Market | Gain (Loss) | Received* | ||||||||||||||||||||||||||||
Shares | of Shares | Value | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | to | to | ||||||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | 10/31/09 | |||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 183,919 | — | 183,919 | $1,812 | $— | $— | |||||||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 63,586 | 97,055 | (51,833 | ) | 108,808 | 1,638 | (395 | ) | 42 | |||||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 31,082 | 63,809 | (4,237 | ) | 90,654 | 745 | (18 | ) | 3 | |||||||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 116,624 | (4,394 | ) | 112,230 | 835 | — | — | ||||||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 25,048 | 65,881 | (4,566 | ) | 86,363 | 750 | (26 | ) | 5 | |||||||||||||||||||||||
Laudus Rosenberg U.S, Discovery Fund, Select Shares | 14,559 | 14,575 | (29,134 | ) | — | — | (79 | ) | 4 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 64,994 | 36,195 | (101,189 | ) | — | — | (214 | ) | 7 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 26,913 | 71,503 | (98,416 | ) | — | — | 43 | 7 | ||||||||||||||||||||||||
Schwab Institutional Select S&P 500 | — | 380,215 | (380,215 | ) | — | — | 2 | 40 | ||||||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 92,278 | — | 92,278 | 876 | — | — | |||||||||||||||||||||||||
Schwab Core Equity Fund | 132,207 | 236,396 | (95,884 | ) | 272,719 | 3,889 | (573 | ) | 35 | |||||||||||||||||||||||
Schwab Dividend Equity Fund | 20,696 | 81,075 | (4,343 | ) | 97,428 | 1,066 | (22 | ) | 12 | |||||||||||||||||||||||
Schwab Global Real Estate Fund | 53,583 | 135,004 | (9,685 | ) | 178,902 | 1,029 | (41 | ) | 17 | |||||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 202,072 | — | 202,672 | 3,299 | — | — | |||||||||||||||||||||||||
Schwab Small-Cap Equity Fund | 35,369 | 117,947 | (7,478 | ) | 145,838 | 1,625 | (43 | ) | — | |||||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 13,912 | 10,836 | (10,418 | ) | 14,330 | 167 | (5 | ) | 6 | |||||||||||||||||||||||
Schwab Inflation Protected Fund | 14,590 | 14,350 | (11,241 | ) | 17,699 | 184 | (8 | ) | 1 | |||||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 9,952 | 2,351 | (12,303 | ) | — | — | (5 | ) | 1 | |||||||||||||||||||||||
Schwab Total Bond Market Fund | 116,399 | 176,543 | (80,538 | ) | 212,404 | 1,920 | (47 | ) | 53 | |||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 136,704 | 280,747 | (171,000 | ) | 246,451 | 246 | — | 1 | ||||||||||||||||||||||||
Total | $20,081 | ($1,431 | ) | $234 | ||||||||||||||||||||||||||||
(All dollar amounts are x 1,000)
Realized | Distribution | |||||||||||||||||||||||||||||||
Balance of | Balance | Market | Gain (Loss) | Received* | ||||||||||||||||||||||||||||
Shares | of Shares | Value | 11/01/08 | 11/01/08 | ||||||||||||||||||||||||||||
Held | Gross | Gross | Held at | at | to | to | ||||||||||||||||||||||||||
Underlying Fund | at 10/31/08 | Additions | Sales | 10/31/09 | 10/31/09 | 10/31/09 | 10/31/09 | |||||||||||||||||||||||||
Laudus Growth Investors U.S. Large Cap Growth Fund | — | 1,418,425 | — | 1,418,425 | $13,971 | $— | $— | |||||||||||||||||||||||||
Laudus International MarketMasters Fund, Select Shares | 1,016,324 | 420,277 | (612,902 | ) | 823,699 | 12,397 | (6,033 | ) | 582 | |||||||||||||||||||||||
Laudus Mondrian Emerging Markets Fund, Institutional Shares | 476,641 | 227,252 | — | 703,893 | 5,786 | — | 43 | |||||||||||||||||||||||||
Laudus Mondrian International Equity Fund, Institutional Shares | — | 884,891 | — | 884,891 | 6,584 | — | — | |||||||||||||||||||||||||
Laudus Rosenberg International Discovery Fund, Select Shares | 63,963 | 302,499 | — | 366,462 | 3,184 | — | 13 | |||||||||||||||||||||||||
Laudus Rosenberg International Small Capitalization Fund, Select Shares | 222,510 | 6,848 | — | 229,358 | 2,624 | — | 63 | |||||||||||||||||||||||||
Laudus Rosenberg U.S., Discovery Fund, Select Shares | 244,185 | 86,069 | (330,254 | ) | — | — | (1,655 | ) | 41 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Growth Fund, Select Shares | 998,871 | 167,270 | (1,166,141 | ) | — | — | (3,500 | ) | 95 | |||||||||||||||||||||||
Laudus Rosenberg U.S. Large Capitalization Value Fund, Select Shares | 265,523 | 534,756 | (800,279 | ) | — | — | 641 | 66 | ||||||||||||||||||||||||
Laudus Small-Cap MarketMasters Fund, Select Shares | — | 712,298 | — | 712,298 | 6,760 | — | — | |||||||||||||||||||||||||
Schwab Core Equity Fund | 2,057,732 | 1,088,659 | (981,858 | ) | 2,164,533 | 30,866 | (6,932 | ) | 466 | |||||||||||||||||||||||
Schwab Dividend Equity Fund | 487,698 | 335,529 | (118,505 | ) | 704,722 | 7,710 | (405 | ) | 122 | |||||||||||||||||||||||
Schwab Global Real Estate Fund | 1,152,945 | 296,063 | (21,142 | ) | 1,427,866 | 8,210 | (74 | ) | 164 | |||||||||||||||||||||||
Schwab Institutional Select S&P 500 Fund | — | 2,825,907 | (2,825,907 | ) | — | — | — | 314 | ||||||||||||||||||||||||
Schwab S&P 500 Index Fund | — | 1,495,528 | — | 1,495,528 | 24,347 | — | — | |||||||||||||||||||||||||
Schwab Small-Cap Equity Fund | 567,786 | 563,815 | — | 1,131,601 | 12,606 | — | 3 | |||||||||||||||||||||||||
Laudus Mondrian International Fixed Income Fund | 196,215 | 16,512 | (144,695 | ) | 68,032 | 794 | (10 | ) | 65 | |||||||||||||||||||||||
Schwab Inflation Protected Fund | 206,047 | 16,394 | (144,154 | ) | 78,287 | 813 | (124 | ) | 14 | |||||||||||||||||||||||
Schwab Short-Term Bond Market Fund | 108,268 | 905 | (109,173 | ) | — | — | (51 | ) | 15 | |||||||||||||||||||||||
Schwab Total Bond Market Fund | 1,580,662 | 348,703 | (977,524 | ) | 951,841 | 8,605 | (1,076 | ) | 402 | |||||||||||||||||||||||
Schwab Value Advantage Money Fund, Institutional Shares | 2,379,499 | 411,120 | (800,000 | ) | 1,990,619 | 1,991 | — | 12 | ||||||||||||||||||||||||
Total | $147,248 | ($19,219 | ) | $2,480 | ||||||||||||||||||||||||||||
* | Distribution received include distributions from net investment income and from capital gains from the underlying funds. |
(All dollar amounts are x 1,000)
Purchases of Securities | Sales/Maturities of Securities | |||||||
Target 2010 Fund | $34,350 | $46,649 | ||||||
Target 2015 Fund | 13,109 | 3,662 | ||||||
Target 2020 Fund | 92,146 | 79,868 | ||||||
Target 2025 Fund | 21,921 | 6,387 | ||||||
Target 2030 Fund | 122,310 | 75,046 | ||||||
Target 2035 Fund | 19,335 | 6,160 | ||||||
Target 2040 Fund | 106,492 | 59,647 |
Current Period | Prior Period | |||||||
(11/1/08 — 10/31/09) | (11/1/07 — 10/31/08)* | |||||||
Target 2010 Fund | $11 | $24 | ||||||
Target 2015 Fund | 4 | 4 | ||||||
Target 2020 Fund | 9 | 16 | ||||||
Target 2025 Fund | 4 | 4 | ||||||
Target 2030 Fund | 14 | 9 | ||||||
Target 2035 Fund | 4 | 2 | ||||||
Target 2040 Fund | 21 | 18 |
* | (3/12/08-10/31/08) for the Target 2015, Target 2025 and Target 2035 Funds |
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | ||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||
Undistributed Ordinary income | $1,201 | $159 | $2,262 | $191 | $1,599 | $131 | $1,015 | |||||||||||||||||||||
Undistributed long-term capital gains | — | — | — | — | — | — | — | |||||||||||||||||||||
Unrealized appreciation | 3,218 | 887 | 10,401 | 1,733 | 10,300 | 1,611 | 7,722 | |||||||||||||||||||||
Unrealized depreciation | (3,342 | ) | (30 | ) | (12,330 | ) | (54 | ) | (9,163 | ) | (50 | ) | (6,016 | ) | ||||||||||||||
Other unrealized appreciation/(depreciation) | — | — | — | — | — | — | — | |||||||||||||||||||||
Net unrealized appreciation/(depreciation) | $(124 | ) | $857 | $(1,929 | ) | $1,679 | $1,137 | $1,561 | $1,706 |
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | ||||||||||||||||||||||
Expiration Date | Fund | Fund | Fund | Fund | Fund | Fund | Fund | |||||||||||||||||||||
October 31, 2016 | $7,968 | $— | $10,682 | $— | $6,716 | $— | $6,366 | |||||||||||||||||||||
October 31, 2017 | 13,259 | 743 | 26,263 | 745 | 21,027 | 552 | 15,005 | |||||||||||||||||||||
Total | $21,227 | $743 | $36,945 | $745 | $27,743 | $552 | $21,371 | |||||||||||||||||||||
(All dollar amounts are x 1,000)
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | ||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||
Current period distributions | ||||||||||||||||||||||||||||
Ordinary income | $2,875 | $126 | $5,224 | $176 | $3,827 | $143 | $2,541 | |||||||||||||||||||||
Long-term capital gains | — | — | — | — | — | — | — | |||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | |||||||||||||||||||||
Prior period distributions | ||||||||||||||||||||||||||||
Ordinary income | $4,244 | — | $6,772 | — | $4,583 | — | $3,281 | |||||||||||||||||||||
Long-term capital gains | 1,116 | — | 1,774 | — | 1,298 | — | 851 | |||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — |
Target | Target | Target | Target | Target | Target | Target | ||||||||||||||||||||||
2010 | 2015 | 2020 | 2025 | 2030 | 2035 | 2040 | ||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||
Capital Shares | $— | $— | $— | $— | $— | $— | $1 | |||||||||||||||||||||
Undistributed net investment income | 3 | — | 14 | 1 | 5 | — | 1 | |||||||||||||||||||||
Net realized capital gains and losses | (3 | ) | — | (14 | ) | (1 | ) | (5 | ) | — | (2 | ) |
Percentage | ||||
Target 2010 Fund | 21.29 | |||
Target 2015 Fund | 20.51 | |||
Target 2020 Fund | 23.12 | |||
Target 2025 Fund | 27.53 | |||
Target 2030 Fund | 29.18 | |||
Target 2035 Fund | 34.57 | |||
Target 2040 Fund | 34.65 |
Target 2010 Fund | $2,319 | |||
Target 2015 Fund | 77 | |||
Target 2020 Fund | 4,165 | |||
Target 2025 Fund | 120 | |||
Target 2030 Fund | 3,109 | |||
Target 2035 Fund | 105 | |||
Target 2040 Fund | 2,122 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), (Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
Annual Report October 31, 2009 |
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56 |
Total Return for the Report Period | ||
Laudus Small-Cap MarketMasters Fundtm | ||
Investor Shares (Ticker Symbol: SWOSX) | 7.10% | |
Select Shares® (Ticker Symbol: SWMSX) | 7.29% | |
Benchmark: Russell 2000® Index | 6.46% | |
Fund Category: Morningstar Small-Cap Growth | 13.21% | |
Performance Details | pages 6-7 | |
Laudus International MarketMasters Fundtm | ||
Investor Shares (Ticker Symbol: SWOIX)1 | 33.64% | |
Select Shares® (Ticker Symbol: SWMIX)1 | 33.82% | |
Benchmark: MSCI EAFE® Index (Gross)* | 28.41% | |
Fund Category: Morningstar Foreign Large-Cap Growth | 29.09% | |
Performance Details | pages 8-9 | |
Minimum Initial Investment2 | ||
Investor Shares | $ 100 | |
Select Shares® | $ 50,000 | |
* | The Morgan Stanley Capital International Europe, Australasia, Far East Index (Gross) (MSCI EAFE Index®) is a free float-adjusted market capitalization index that is designed to measure market equity performance in 22 developed market countries, excluding the U.S. and Canada. Investors cannot invest directly in any index and index figures do not include trading and management costs. |
1 | The fund’s performance relative to the index may be affected by fair-value pricing, see financial note 2 for more information. |
2 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment Officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of the funds. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Caroline Lee, a managing director and portfolio manager of the investment adviser, co-manages the funds. Prior to joining the firm in November 2005, she worked in asset management for over 4 years overseeing subadvisor relationships in the pension group of a major corporation. She has also had 3 years of previous experience in investment management at another financial services firm. |
Number of Holdings | 245 |
Cap ($ x 1,000,000) | $2,242 |
Price/Earnings Ratio (P/E) | -43.6 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 129% |
Information Technology | 21.0% |
Consumer Discretionary | 15.5% |
Health Care | 15.4% |
Financials | 12.4% |
Industrials | 10.7% |
Energy | 9.0% |
Consumer Staples | 5.4% |
Materials | 4.3% |
Utilities | 1.5% |
Telecommunication Services | 0.6% |
Other | 4.2% |
Total | 100.0% |
Websense, Inc. | 1.6% |
Analogic Corp. | 1.2% |
Ultratech Corp. | 1.2% |
Bill Barrett Corp. | 1.2% |
EnergySolutions, Inc. | 1.1% |
Solutions, Inc. | 1.1% |
RightNow Technologies, Inc. | 1.1% |
WD-40 Co. | 1.1% |
The Hain Celestial Group, Inc. | 1.0% |
TIBCO Software, Inc. | 1.0% |
Total | 11.6% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment in Investor Shares1
Performance of a Hypothetical
$50,000 Investment in Select Shares1
Fund Class and Inception Date | 1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||
Investor Shares (9/16/97) | 7.10% | 0.27% | 2.74% | 3.37% | ||||||||||||
Select Shares (6/9/04) | 7.29% | 0.45% | n/a | 0.54% | ||||||||||||
Benchmark: Russell 2000® Index | 6.46% | 0.59% | 4.11% | (9/16/97) 3.36% | ||||||||||||
(6/9/04) 0.83% | ||||||||||||||||
Fund Category: Morningstar Small-Cap Growth | 13.21% | 0.21% | 1.89% | (9/16/97) 2.79% | ||||||||||||
(6/9/04) -0.09% |
% of | ||||||
Investment Manager | Investment Style | Net Assets | ||||
TAMRO Capital Partners, LLC | Small—Cap Value/Blend | 30.2% | ||||
TCW Investment Management Company | Small/Mid—Cap Value | 24.8% | ||||
Tocqueville Asset Management L.P. | Small—Cap Blend | 30.6% | ||||
Neuberger Berman Management, LLC | Small—Cap Growth | 13.8% | ||||
Cash and other assets | — | 0.6% | ||||
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
United Kingdom | 17.9% |
Switzerland | 11.5% |
Japan | 11.2% |
Germany | 7.3% |
France | 7.2% |
Canada | 6.0% |
Australia | 4.2% |
Netherlands | 4.2% |
United States | 4.1% |
Singapore | 2.8% |
Other | 23.6% |
Total | 100.0% |
Number of Holdings | 621 |
Cap ($ x 1,000,000) | $21,250 |
Price/Earnings Ratio (P/E) | 24.6 |
Price/Book Ratio (P/B) | 2.0 |
Portfolio Turnover Rate | 96% |
Industrials | 21.4% |
Consumer Discretionary | 18.3% |
Financials | 12.0% |
Materials | 10.6% |
Information Technology | 9.8% |
Energy | 8.7% |
Consumer Staples | 7.6% |
Health Care | 5.8% |
Telecommunication Services | 0.7% |
Utilities | 0.5% |
Other | 4.6% |
Total | 100.0% |
Credit Suisse Group AG - Reg’d | 1.1% |
Noble Corp. | 1.0% |
BHP Billiton Ltd. ADR | 1.0% |
Koninklijke Vopak N.V. | 0.9% |
S.A., Series A | 0.9% |
Index Fund | 0.9% |
Rotork plc | 0.9% |
Potash Corp. of Saskatchewan, Inc. | 0.8% |
Nestle S.A. - Reg’d ADR | 0.8% |
The Weir Group plc | 0.8% |
Total | 9.1% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment in Investor Shares1
Performance of a Hypothetical
$50,000 Investment in Select Shares1
Fund Class and Inception Date | 1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||
Investor Shares (10/16/96) | 33.64% | 6.99% | 5.68% | 8.27% | ||||||||||||
Select Shares (4/2/04) | 33.82% | 7.15% | n/a | 6.33% | ||||||||||||
Benchmark: MSCI EAFE Index® (Gross)* | 28.41% | 5.59% | 2.46% | (10/16/96) 4.59% | ||||||||||||
(4/2/04) 5.42% | ||||||||||||||||
Fund Category: Morningstar Foreign Large-Cap Growth | 29.09% | 5.02% | 2.06% | (10/16/96) 5.22% | ||||||||||||
(4/2/04) 4.38% |
% of | ||||||
Investment Manager | Investment Style | Net Assets | ||||
American Century Global Investment Management, Inc. | International Small/Mid—Cap Growth | 16.6% | ||||
Wentworth, Hauser and Violich, Inc./Hirayama Investments, LLC | International Large—Cap Growth | 12.5% | ||||
Harris Associates L.P. | International Large—Cap Value | 25.0% | ||||
William Blair & Company, LLC | International Multi—Cap Growth | 20.8% | ||||
Mondrian Investment Partners Limited | International Small—Cap Value | 23.0% | ||||
Cash and other assets | — | 2.1% | ||||
* | The Morgan Stanley Capital International Europe, Australasia, Far East Index (Gross) (MSCI EAFE Index®) is a free float-adjusted market capitalization index that is designed to measure market equity performance in 22 developed market countries, excluding the U.S. and Canada. Investors cannot invest directly in any index and index figures do not include trading and management costs. |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Laudus Small-Cap MarketMasters Fundtm | ||||||||||||||||
Investor Shares | ||||||||||||||||
Actual Return | 1.46% | $ | 1,000 | $ | 1,128.50 | $ | 7.83 | |||||||||
Hypothetical 5% Return | 1.46% | $ | 1,000 | $ | 1,017.85 | $ | 7.43 | |||||||||
Select Shares | ||||||||||||||||
Actual Return | 1.31% | $ | 1,000 | $ | 1,129.80 | $ | 7.03 | |||||||||
Hypothetical 5% Return | 1.31% | $ | 1,000 | $ | 1,018.60 | $ | 6.67 | |||||||||
Laudus International MarketMasters Fundtm | ||||||||||||||||
Investor Shares | ||||||||||||||||
Actual Return | 1.60% | $ | 1,000 | $ | 1,342.90 | $ | 9.45 | |||||||||
Hypothetical 5% Return | 1.60% | $ | 1,000 | $ | 1,017.14 | $ | 8.13 | |||||||||
Select Shares | ||||||||||||||||
Actual Return | 1.47% | $ | 1,000 | $ | 1,343.80 | $ | 8.68 | |||||||||
Hypothetical 5% Return | 1.47% | $ | 1,000 | $ | 1,017.80 | $ | 7.48 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights. |
2 | Expenses for each fund or share class are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Investor Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.78 | 13.74 | 14.20 | 13.38 | 12.18 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | (0.05 | )1 | (0.04 | )1 | (0.08 | )1 | (0.13 | ) | (0.14 | ) | ||||||||||
Net realized and unrealized gains (losses) | 0.67 | (4.59 | ) | 1.81 | 2.08 | 1.34 | ||||||||||||||
Total income from investment operations | 0.62 | (4.63 | ) | 1.73 | 1.95 | 1.20 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.00 | )2 | — | — | — | — | ||||||||||||||
Distributions from net realized gains | — | (0.33 | ) | (2.19 | ) | (1.13 | ) | — | ||||||||||||
Net asset value at end of period | 9.40 | 8.78 | 13.74 | 14.20 | 13.38 | |||||||||||||||
Total return (%) | 7.10 | (34.34 | ) | 13.79 | 15.33 | 9.85 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.48 | 3 | 1.48 | 1.51 | 4 | 1.48 | 4 | 1.55 | ||||||||||||
Gross operating expenses | 1.50 | 1.48 | 1.59 | 1.63 | 1.69 | |||||||||||||||
Net investment income (loss) | (0.64 | ) | (0.38 | ) | (0.60 | ) | (0.82 | ) | (0.95 | ) | ||||||||||
Portfolio turnover rate | 129 | 134 | 83 | 105 | 94 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 64 | 64 | 99 | 95 | 108 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Select Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.86 | 13.85 | 14.27 | 13.41 | 12.19 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | (0.04 | )1 | (0.04 | )1 | (0.04 | )1 | (0.02 | ) | (0.11 | ) | ||||||||||
Net realized and unrealized gains (losses) | 0.68 | (4.62 | ) | 1.81 | 2.01 | 1.33 | ||||||||||||||
Total income from investment operations | 0.64 | (4.66 | ) | 1.77 | 1.99 | 1.22 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.01 | ) | — | — | — | — | ||||||||||||||
Distributions from net realized gains | — | (0.33 | ) | (2.19 | ) | (1.13 | ) | — | ||||||||||||
Net asset value at end of period | 9.49 | 8.86 | 13.85 | 14.27 | 13.41 | |||||||||||||||
Total return (%) | 7.29 | (34.28 | ) | 14.04 | 15.61 | 10.01 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.33 | 3 | 1.37 | 1.36 | 5 | 1.16 | 5 | 1.37 | ||||||||||||
Gross operating expenses | 1.45 | 1.44 | 1.66 | 1.55 | 1.63 | |||||||||||||||
Net investment income (loss) | (0.48 | ) | (0.31 | ) | (0.29 | ) | (0.43 | ) | (0.76 | ) | ||||||||||
Portfolio turnover rate | 129 | 134 | 83 | 105 | 94 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 292 | 260 | 437 | 7 | 1 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
95 | .4% | Common Stock | 316,143 | 340,654 | ||||||||
1 | .0% | Foreign Common Stock | 4,475 | 3,475 | ||||||||
4 | .0% | Other Investment Company | 14,335 | 14,335 | ||||||||
0 | .2% | Short-Term Investment | 600 | 600 | ||||||||
100 | .6% | Total Investments | 335,553 | 359,064 | ||||||||
(0 | .6)% | Other Assets and Liabilities | (2,178 | ) | ||||||||
100 | .0% | Net Assets | 356,886 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 95.4% of net assets | ||||||||
Automobiles & Components 1.0% | ||||||||
WABCO Holdings, Inc. | 78,800 | 1,869 | ||||||
Winnebago Industries, Inc. * | 140,934 | 1,621 | ||||||
3,490 | ||||||||
Banks 4.1% | ||||||||
Bank of the Ozarks, Inc. | 90,063 | 2,049 | ||||||
East West Bancorp, Inc. | 64,844 | 586 | ||||||
First Horizon National Corp. * | 84,565 | 1,000 | ||||||
Glacier Bancorp, Inc. | 137,832 | 1,804 | ||||||
Hudson City Bancorp, Inc. | 91,100 | 1,197 | ||||||
KeyCorp | 255,000 | 1,374 | ||||||
New York Community Bancorp, Inc. | 97,346 | 1,050 | ||||||
People’s United Financial, Inc. | 97,196 | 1,558 | ||||||
SunTrust Banks, Inc. | 5,400 | 103 | ||||||
Synovus Financial Corp. | 403,840 | 897 | ||||||
TCF Financial Corp. | 135,800 | 1,607 | ||||||
Zions Bancorp | 101,701 | 1,440 | ||||||
14,665 | ||||||||
Capital Goods 7.0% | ||||||||
AAR CORP. * | 33,900 | 665 | ||||||
Ceradyne, Inc. * | 60,000 | 967 | ||||||
Dover Corp. | 47,800 | 1,801 | ||||||
EMCOR Group, Inc. * | 92,385 | 2,182 | ||||||
Energy Conversion Devices, Inc. * | 42,831 | 461 | ||||||
General Cable Corp. * | 61,164 | 1,905 | ||||||
Harbin Electric, Inc. * | 40,900 | 652 | ||||||
HEICO Corp. | 26,400 | 1,004 | ||||||
Hexcel Corp. * | 181,700 | 1,999 | ||||||
Jacobs Engineering Group, Inc. * | 25,207 | 1,066 | ||||||
Joy Global, Inc. | 45,700 | 2,304 | ||||||
Kennametal, Inc. | 54,300 | 1,279 | ||||||
Rockwell Collins, Inc. | 31,800 | 1,602 | ||||||
SmartHeat, Inc. * | 63,700 | 569 | ||||||
Snap-on, Inc. | 28,915 | 1,056 | ||||||
SPX Corp. | 33,360 | 1,761 | ||||||
Terex Corp. * | 71,762 | 1,451 | ||||||
The Manitowoc Co., Inc. | 80,700 | 738 | ||||||
Wabtec Corp. | 40,694 | 1,496 | ||||||
24,958 | ||||||||
Commercial & Professional Supplies 2.6% | ||||||||
Clean Harbors, Inc. * | 20,000 | 1,129 | ||||||
Cornell Cos., Inc. * | 31,130 | 711 | ||||||
EnergySolutions, Inc. | 471,500 | 3,932 | ||||||
Healthcare Services Group, Inc. | 35,300 | 697 | ||||||
ICF International, Inc. * | 23,900 | 685 | ||||||
The Advisory Board Co. * | 82,410 | 2,031 | ||||||
9,185 | ||||||||
Consumer Durables & Apparel 3.6% | ||||||||
Carter’s, Inc. * | 48,699 | 1,149 | ||||||
Columbia Sportswear Co. | 82,500 | 3,139 | ||||||
Fuqi International, Inc. * | 28,600 | 586 | ||||||
Jarden Corp. | 25,700 | 704 | ||||||
Lennar Corp., Class A | 77,500 | 977 | ||||||
Lululemon Athletica, Inc. * | 35,200 | 884 | ||||||
M.D.C. Holdings, Inc. | 74,634 | 2,435 | ||||||
Polaris Industries, Inc. | 5,900 | 248 | ||||||
The Warnaco Group, Inc. * | 14,500 | 588 | ||||||
Toll Brothers, Inc. * | 49,900 | 864 | ||||||
True Religion Apparel, Inc. * | 24,000 | 619 | ||||||
Under Armour, Inc., Class A * | 21,800 | 585 | ||||||
12,778 | ||||||||
Consumer Services 3.6% | ||||||||
BJ’s Restaurants, Inc. * | 156,813 | 2,503 | ||||||
Burger King Holdings, Inc. | 86,300 | 1,481 | ||||||
Capella Education Co. * | 17,400 | 1,199 | ||||||
Corinthian Colleges, Inc. * | 64,205 | 1,018 | ||||||
Domino’s Pizza, Inc. * | 260,529 | 1,912 | ||||||
Grand Canyon Education, Inc. * | 79,754 | 1,293 | ||||||
Lincoln Educational Services Corp. * | 8,600 | 170 | ||||||
Marriott International, Inc., Class A | 37,815 | 948 | ||||||
Orient-Express Hotels Ltd., Class A | 85,800 | 738 | ||||||
Pinnacle Entertainment, Inc. * | 58,300 | 493 | ||||||
Royal Caribbean Cruises Ltd. * | 26,900 | 544 | ||||||
WMS Industries, Inc. * | 12,300 | 492 | ||||||
12,791 | ||||||||
Diversified Financials 3.6% | ||||||||
Federated Investors, Inc., Class B | 63,400 | 1,664 | ||||||
GAMCO Investors, Inc., Class A | 48,093 | 2,029 | ||||||
GFI Group, Inc. | 103,453 | 533 | ||||||
Invesco Ltd. | 59,905 | 1,267 | ||||||
Janus Capital Group, Inc. | 203,816 | 2,674 | ||||||
Knight Capital Group, Inc., Class A * | 108,860 | 1,834 | ||||||
Raymond James Financial, Inc. | 92,839 | 2,192 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Teton Advisors, Inc., Class B (a)(c)* | 1,198 | — | ||||||
Waddell & Reed Financial, Inc., Class A | 21,800 | 612 | ||||||
12,805 | ||||||||
Energy 9.1% | ||||||||
Alpha Natural Resources, Inc. * | 46,641 | 1,584 | ||||||
Arena Resources, Inc. * | 27,360 | 1,019 | ||||||
Bill Barrett Corp. * | 132,911 | 4,118 | ||||||
Cameron International Corp. * | 36,500 | 1,349 | ||||||
CARBO Ceramics, Inc. | 43,500 | 2,540 | ||||||
Concho Resources, Inc. * | 36,100 | 1,376 | ||||||
CONSOL Energy, Inc. | 25,900 | 1,109 | ||||||
Global Industries Ltd. * | 231,500 | 1,688 | ||||||
Holly Corp. | 68,769 | 1,995 | ||||||
Hornbeck Offshore Services, Inc. * | 58,991 | 1,434 | ||||||
Murphy Oil Corp. | 20,550 | 1,256 | ||||||
Oceaneering International, Inc. * | 40,500 | 2,070 | ||||||
Petrohawk Energy Corp. * | 79,600 | 1,872 | ||||||
TETRA Technologies, Inc. * | 296,500 | 2,805 | ||||||
Unit Corp. * | 85,500 | 3,341 | ||||||
Weatherford International Ltd. * | 72,400 | 1,269 | ||||||
Willbros Group, Inc. * | 123,873 | 1,628 | ||||||
32,453 | ||||||||
Food & Staples Retailing 0.4% | ||||||||
United Natural Foods, Inc. * | 67,517 | 1,628 | ||||||
Food, Beverage & Tobacco 3.3% | ||||||||
H.J. Heinz Co. | 28,600 | 1,151 | ||||||
Lance, Inc. | 63,623 | 1,534 | ||||||
Molson Coors Brewing Co., Class B | 21,500 | 1,053 | ||||||
The Hain Celestial Group, Inc. * | 209,500 | 3,675 | ||||||
The J.M. Smucker Co. | 34,000 | 1,793 | ||||||
TreeHouse Foods, Inc. * | 68,227 | 2,552 | ||||||
11,758 | ||||||||
Health Care Equipment & Services 11.1% | ||||||||
Air Methods Corp. * | 19,100 | 583 | ||||||
Allscripts-Misys Healthcare Solutions, Inc. * | 198,000 | 3,861 | ||||||
Analogic Corp. | 117,958 | 4,405 | ||||||
Beckman Coulter, Inc. | 15,700 | 1,010 | ||||||
Edwards Lifesciences Corp. * | 18,000 | 1,385 | ||||||
Emergency Medical Services Corp., Class A * | 15,900 | 764 | ||||||
Greatbatch, Inc. * | 136,000 | 2,675 | ||||||
Health Management Associates, Inc., Class A * | 339,823 | 2,073 | ||||||
HMS Holdings Corp. * | 23,300 | 1,000 | ||||||
ICU Medical, Inc. * | 16,900 | 591 | ||||||
IMS Health, Inc. | 194,000 | 3,180 | ||||||
Inverness Medical Innovations, Inc. * | 27,600 | 1,049 | ||||||
IPC The Hospitalist Co. * | 22,000 | 667 | ||||||
MedAssets, Inc. * | 28,600 | 627 | ||||||
MEDNAX, Inc. * | 14,900 | 774 | ||||||
Natus Medical, Inc. * | 38,500 | 535 | ||||||
NuVasive, Inc. * | 12,800 | 464 | ||||||
PSS World Medical, Inc. * | 34,400 | 696 | ||||||
Quality Systems, Inc. | 47,627 | 2,906 | ||||||
Sirona Dental Systems, Inc. * | 31,200 | 840 | ||||||
SXC Health Solutions Corp. * | 19,100 | 872 | ||||||
Teleflex, Inc. | 48,427 | 2,409 | ||||||
Thoratec Corp. * | 123,000 | 3,230 | ||||||
Wright Medical Group, Inc. * | 194,000 | 3,152 | ||||||
39,748 | ||||||||
Household & Personal Products 1.7% | ||||||||
NBTY, Inc. * | 65,212 | 2,374 | ||||||
WD-40 Co. | 121,500 | 3,826 | ||||||
6,200 | ||||||||
Insurance 1.5% | ||||||||
Arch Capital Group Ltd. * | 34,954 | 2,355 | ||||||
Assurant, Inc. | 47,410 | 1,419 | ||||||
PartnerRe Ltd. | 18,900 | 1,445 | ||||||
5,219 | ||||||||
Materials 4.3% | ||||||||
Brush Engineered Materials, Inc. * | 121,500 | 2,242 | ||||||
Commercial Metals Co. | 103,200 | 1,531 | ||||||
Cytec Industries, Inc. | 68,550 | 2,274 | ||||||
International Flavors & Fragrances, Inc. | 47,300 | 1,802 | ||||||
Landec Corp. * | 160,500 | 1,050 | ||||||
Minerals Technologies, Inc. | 46,500 | 2,291 | ||||||
Nalco Holding Co. | 32,600 | 689 | ||||||
NewMarket Corp. | 9,000 | 841 | ||||||
Pactiv Corp. * | 67,600 | 1,561 | ||||||
Schnitzer Steel Industries, Inc., Class A | 26,159 | 1,131 | ||||||
15,412 | ||||||||
Media 1.7% | ||||||||
DreamWorks Animation SKG, Inc., Class A * | 67,779 | 2,169 | ||||||
Gannett Co., Inc. | 178,511 | 1,753 | ||||||
Morningstar, Inc. * | 29,906 | 1,526 | ||||||
The E.W. Scripps Co., Class A * | 119,733 | 761 | ||||||
6,209 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.3% | ||||||||
Alexion Pharmaceuticals, Inc. * | 21,800 | 968 | ||||||
Alkermes, Inc. * | 332,500 | 2,650 | ||||||
Covance, Inc. * | 19,300 | 998 | ||||||
Human Genome Sciences, Inc. * | 25,700 | 480 | ||||||
Inspire Pharmaceuticals, Inc. * | 217,000 | 970 | ||||||
King Pharmaceuticals, Inc. * | 131,500 | 1,332 | ||||||
Perrigo Co. | 63,492 | 2,361 | ||||||
Pharmaceutical Product Development, Inc. | 101,000 | 2,177 | ||||||
Salix Pharmaceuticals Ltd. * | 57,000 | 1,048 | ||||||
Thermo Fisher Scientific, Inc. * | 24,600 | 1,107 | ||||||
United Therapeutics Corp. * | 30,696 | 1,306 | ||||||
15,397 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Real Estate 2.6% | ||||||||
BioMed Realty Trust, Inc. | 130,285 | 1,768 | ||||||
Jones Lang LaSalle, Inc. | 12,000 | 562 | ||||||
LaSalle Hotel Properties | 111,900 | 1,920 | ||||||
Redwood Trust, Inc. | 135,614 | 1,891 | ||||||
The St. Joe Co. * | 50,500 | 1,209 | ||||||
Washington Real Estate Investment Trust | 80,454 | 2,148 | ||||||
9,498 | ||||||||
Retailing 5.8% | ||||||||
1-800-FLOWERS.COM, Inc., Class A * | 367,000 | 1,409 | ||||||
Aaron’s, Inc. | 75,465 | 1,891 | ||||||
Abercrombie & Fitch Co., Class A | 54,600 | 1,792 | ||||||
American Eagle Outfitters, Inc. | 89,600 | 1,567 | ||||||
bebe stores, Inc. | 287,500 | 1,800 | ||||||
Bed Bath & Beyond, Inc. * | 27,700 | 975 | ||||||
Blue Nile, Inc. * | 30,058 | 1,805 | ||||||
DSW, Inc., Class A * | 87,048 | 1,671 | ||||||
hhgregg, Inc. * | 45,200 | 745 | ||||||
Lumber Liquidators, Inc. * | 87,576 | 1,861 | ||||||
Macy’s, Inc. | 99,024 | 1,740 | ||||||
Tractor Supply Co. * | 74,200 | 3,317 | ||||||
20,573 | ||||||||
Semiconductors & Semiconductor Equipment 4.8% | ||||||||
Avago Technologies Ltd. * | 98,300 | 1,475 | ||||||
Broadcom Corp., Class A * | 50,100 | 1,333 | ||||||
FEI Co. * | 92,500 | 2,202 | ||||||
Hittite Microwave Corp. * | 15,000 | 552 | ||||||
Maxim Integrated Products, Inc. | 110,175 | 1,837 | ||||||
Netlogic Microsystems, Inc. * | 14,400 | 547 | ||||||
ON Semiconductor Corp. * | 126,600 | 847 | ||||||
Silicon Image, Inc. * | 914,000 | 1,929 | ||||||
Silicon Laboratories, Inc. * | 13,500 | 566 | ||||||
Ultratech, Inc. * | 338,500 | 4,373 | ||||||
Varian Semiconductor Equipment Associates, Inc. * | 27,900 | 792 | ||||||
Veeco Instruments, Inc. * | 29,400 | 716 | ||||||
17,169 | ||||||||
Software & Services 12.4% | ||||||||
ArcSight, Inc. * | 27,400 | 677 | ||||||
AsiaInfo Holdings, Inc. * | 17,300 | 382 | ||||||
Aspen Technology, Inc. * | 241,440 | 2,535 | ||||||
Blackboard, Inc. * | 59,518 | 2,111 | ||||||
FactSet Research Systems, Inc. | 34,580 | 2,215 | ||||||
Fair Isaac Corp. | 162,000 | 3,293 | ||||||
Global Payments, Inc. | 23,000 | 1,132 | ||||||
Informatica Corp. * | 35,300 | 749 | ||||||
Jack Henry & Associates, Inc. | 22,100 | 510 | ||||||
LivePerson, Inc. * | 167,057 | 840 | ||||||
Manhattan Associates, Inc. * | 25,600 | 588 | ||||||
NIC, Inc. | 62,700 | 549 | ||||||
Nuance Communications, Inc. * | 38,170 | 500 | ||||||
Parametric Technology Corp. * | 160,500 | 2,393 | ||||||
Perfect World Co., Ltd. ADR (Cayman Islands) * | 13,600 | 599 | ||||||
Rackspace Hosting, Inc. * | 38,100 | 638 | ||||||
RightNow Technologies, Inc. * | 252,007 | 3,846 | ||||||
Solera Holdings, Inc. | 22,400 | 722 | ||||||
Sourcefire, Inc. * | 27,600 | 560 | ||||||
SuccessFactors, Inc. * | 57,700 | 882 | ||||||
Taleo Corp., Class A * | 29,100 | 633 | ||||||
TeleCommunication Systems, Inc., Class A * | 144,500 | 1,292 | ||||||
TeleTech Holdings, Inc. * | 94,000 | 1,682 | ||||||
The Ultimate Software Group, Inc. * | 26,400 | 674 | ||||||
TIBCO Software, Inc. * | 392,000 | 3,430 | ||||||
ValueClick, Inc. * | 340,357 | 3,349 | ||||||
VASCO Data Security International, Inc. * | 187,645 | 1,141 | ||||||
VistaPrint N.V. * | 13,300 | 679 | ||||||
Websense, Inc. * | 349,527 | 5,613 | ||||||
44,214 | ||||||||
Technology Hardware & Equipment 3.6% | ||||||||
3PAR, Inc. * | 214,687 | 2,020 | ||||||
Acme Packet, Inc. * | 89,743 | 879 | ||||||
Agilent Technologies, Inc. * | 53,900 | 1,333 | ||||||
Avnet, Inc. * | 56,200 | 1,393 | ||||||
Ciena Corp. * | 117,600 | 1,379 | ||||||
Compellent Technologies, Inc. * | 29,400 | 539 | ||||||
F5 Networks, Inc. * | 64,902 | 2,913 | ||||||
Netezza Corp. * | 11,890 | 110 | ||||||
QLogic Corp. * | 82,300 | 1,444 | ||||||
SeaChange International, Inc. * | 126,824 | 859 | ||||||
12,869 | ||||||||
Telecommunication Services 0.6% | ||||||||
Cbeyond, Inc. * | 151,386 | 2,021 | ||||||
Transportation 1.2% | ||||||||
AirTran Holdings, Inc. * | 358,136 | 1,515 | ||||||
Arkansas Best Corp. | 43,500 | 1,123 | ||||||
Forward Air Corp. | 80,615 | 1,720 | ||||||
4,358 | ||||||||
Utilities 1.5% | ||||||||
Consolidated Edison, Inc. | 24,485 | 996 | ||||||
Hawaiian Electric Industries, Inc. | 67,735 | 1,209 | ||||||
PG&E Corp. | 30,500 | 1,247 | ||||||
Wisconsin Energy Corp. | 41,300 | 1,804 | ||||||
5,256 | ||||||||
Total Common Stock (Cost $316,143) | 340,654 | |||||||
Foreign Common Stock 1.0% of net assets | ||||||||
Singapore 0.4% | ||||||||
Semiconductors & Semiconductor Equipment 0.4% | ||||||||
Verigy Ltd. * | 125,757 | 1,237 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
United Kingdom 0.6% | ||||||||
Insurance 0.6% | ||||||||
Willis Group Holdings Ltd. | 82,903 | 2,238 | ||||||
Total Foreign Common Stock (Cost $4,475) | 3,475 | |||||||
Other Investment Company 4.0% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 14,334,717 | 14,335 | ||||||
Total Other Investment Company (Cost $14,335) | 14,335 | |||||||
Issuer | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.2% of net assets | ||||||||
U.S. Treasury Obligation 0.2% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (b) | 600 | 600 | ||||||
Total Short-Term Investment (Cost $600) | 600 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | Fair-valued by Management in accordance with procedures approved by the Board of Trustees. | |
(b) | All or a portion of this security is held as collateral for open futures contracts. | |
(c) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. |
ADR | — American Depositary Receipt. Please see complete schedule of holdings. | |
ADR | — American Depositary Receipt |
Number of | Contract | Unrealized | ||||||||||
Contracts | Value | Losses | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 115 | 6,461 | (334 | ) |
Assets | ||||||
Investments, at value (cost $335,553) | $359,064 | |||||
Receivables: | ||||||
Investments sold | 3,766 | |||||
Fund shares sold | 988 | |||||
Dividends | 64 | |||||
Interest | 3 | |||||
Prepaid expenses | + | 5 | ||||
Total assets | 363,890 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 6,572 | |||||
Investment advisers and administrator fees | 76 | |||||
Shareholder services fees to affiliate | 7 | |||||
Due to brokers for futures | 169 | |||||
Fund shares redeemed | 123 | |||||
Trustees’ fees | 1 | |||||
Accrued expenses | + | 56 | ||||
Total liabilities | 7,004 | |||||
Net Assets | ||||||
Total assets | 363,890 | |||||
Total liabilities | − | 7,004 | ||||
Net assets | $356,886 | |||||
Net Assets by Source | ||||||
Capital received from investors | 499,936 | |||||
Net investment income not yet distributed | 6 | |||||
Net realized capital losses | (166,233 | ) | ||||
Net unrealized capital gains | 23,177 |
Shares | ||||||||||||
Share Class | Net Assets | ¸ | Outstanding | = | NAV | |||||||
Investor Shares | $64,424 | 6,850 | $9.40 | |||||||||
Select Shares | $292,462 | 30,809 | $9.49 |
Investment Income | ||||||
Dividends | $2,655 | |||||
Interest | + | 97 | ||||
Total investment income | 2,752 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (60,208 | ) | ||||
Net realized losses on futures contracts | + | (1,673 | ) | |||
Net realized losses | (61,881 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 93,080 | |||||
Net unrealized gains on futures contracts | + | 216 | ||||
Net unrealized gains | 93,296 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 3,800 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares | 151 | |||||
Select Shares | 543 | |||||
Portfolio accounting fees | 68 | |||||
Professional fees | 48 | |||||
Custodian fees | 40 | |||||
Registration fees | 37 | |||||
Shareholder reports | 26 | |||||
Trustees’ fees | 9 | |||||
Other expenses | + | 6 | ||||
Total expenses | 4,728 | |||||
Expense reduction by adviser and Schwab | − | 325 | ||||
Net expenses | 4,403 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 2,752 | |||||
Net expenses | − | 4,403 | ||||
Net investment loss | (1,651 | ) | ||||
Net realized losses | (61,881 | ) | ||||
Net unrealized gains | + | 93,296 | ||||
Increase in net assets from operations | $29,764 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment loss | ($1,651 | ) | ($1,604 | ) | ||||||
Net realized losses | (61,881 | ) | (102,682 | ) | ||||||
Net unrealized gains (losses) | + | 93,296 | (96,282 | ) | ||||||
Increase (Decrease) in net assets from operations | 29,764 | (200,568 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 22 | — | ||||||||
Select Shares | + | 409 | — | |||||||
Total distributions from net investment income | 431 | — | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 2,435 | ||||||||
Select Shares | + | — | 10,845 | |||||||
Total distributions from net realized gains | — | 13,280 | ||||||||
Total distributions | $431 | $13,280 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 911 | $7,316 | 1,337 | $15,389 | ||||||||||||||
Select Shares | + | 14,431 | 116,039 | 14,764 | 169,600 | |||||||||||||
Total shares sold | 15,342 | $123,355 | 16,101 | $184,989 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 3 | $21 | 188 | $2,278 | ||||||||||||||
Select Shares | + | 15 | 122 | 285 | 3,475 | |||||||||||||
Total shares reinvested | 18 | $143 | 473 | $5,753 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (1,374 | ) | ($11,124 | ) | (1,434 | ) | ($15,902 | ) | ||||||||||
Select Shares | + | (12,989 | ) | (109,052 | ) | (17,259 | ) | (173,104 | ) | |||||||||
Total shares redeemed | (14,363 | ) | ($120,176 | ) | (18,693 | ) | ($189,006 | ) | ||||||||||
Net transactions in fund shares | 997 | $3,322 | (2,119 | ) | $1,736 | |||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 36,662 | $324,231 | 38,781 | $536,343 | ||||||||||||||
Total increase or decrease | + | 997 | 32,655 | (2,119 | ) | (212,112 | ) | |||||||||||
End of period | 37,659 | $356,886 | 36,662 | $324,231 | ||||||||||||||
Net investment income not yet distributed | $6 | $18 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Investor Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 11.78 | 25.96 | 20.73 | 16.78 | 13.58 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.14 | 0.20 | 0.14 | 0.13 | 0.06 | |||||||||||||||
Net realized and unrealized gains (losses) | 3.63 | (12.25 | ) | 6.84 | 3.98 | 3.16 | ||||||||||||||
Total from investment operations | 3.77 | (12.05 | ) | 6.98 | 4.11 | 3.22 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.51 | ) | (0.10 | ) | (0.16 | ) | (0.16 | ) | (0.02 | ) | ||||||||||
Distributions from net realized gains | — | (2.03 | ) | (1.59 | ) | — | — | |||||||||||||
Total distributions | (0.51 | ) | (2.13 | ) | (1.75 | ) | (0.16 | ) | (0.02 | ) | ||||||||||
Net asset value at end of period | 15.04 | 11.78 | 25.96 | 20.73 | 16.78 | |||||||||||||||
Total return (%) | 33.64 | (49.97 | ) | 36.01 | 24.66 | 23.75 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.62 | 1.59 | 1.56 | 1 | 1.57 | 1 | 1.65 | |||||||||||||
Gross operating expenses | 1.63 | 1.59 | 1.59 | 1.64 | 1.74 | |||||||||||||||
Net investment income (loss) | 0.95 | 0.95 | 0.62 | 0.52 | 0.37 | |||||||||||||||
Portfolio turnover rate | 96 | 88 | 71 | 90 | 53 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 931 | 918 | 2,297 | 1,320 | 794 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
Select Shares | 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 11.80 | 26.00 | 20.77 | 16.81 | 13.61 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.15 | 0.23 | 0.15 | 0.19 | 0.08 | |||||||||||||||
Net realized and unrealized gains (losses) | 3.64 | (12.27 | ) | 6.86 | 3.96 | 3.17 | ||||||||||||||
Total from investment operations | 3.79 | (12.04 | ) | 7.01 | 4.15 | 3.25 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.54 | ) | (0.13 | ) | (0.19 | ) | (0.19 | ) | (0.05 | ) | ||||||||||
Distributions from net realized gains | — | (2.03 | ) | (1.59 | ) | — | — | |||||||||||||
Total distributions | (0.54 | ) | (2.16 | ) | (1.78 | ) | (0.19 | ) | (0.05 | ) | ||||||||||
Net asset value at end of period | 15.05 | 11.80 | 26.00 | 20.77 | 16.81 | |||||||||||||||
Total return (%) | 33.82 | (49.91 | ) | 36.16 | 24.88 | 23.90 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.47 | 1.48 | 2 | 1.44 | 3 | 1.39 | 3 | 1.47 | ||||||||||||
Gross operating expenses | 1.58 | 1.54 | 1.55 | 1.60 | 1.68 | |||||||||||||||
Net investment income (loss) | 1.08 | 1.08 | 0.73 | 0.72 | 0.59 | |||||||||||||||
Portfolio turnover rate | 96 | 88 | 71 | 90 | 53 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 630 | 540 | 1,255 | 628 | 274 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
95 | .1% | Common Stock | 1,347,954 | 1,484,044 | ||||||||
0 | .1% | Preferred Stock | 1,158 | 1,044 | ||||||||
4 | .0% | Other Investment Companies | 68,647 | 62,927 | ||||||||
—% | Rights | 292 | 341 | |||||||||
—% | Warrants | 7 | 34 | |||||||||
0 | .3% | Short-Term Investment | 4,850 | 4,850 | ||||||||
—% | Corporate Bond | 118 | 131 | |||||||||
99 | .5% | Total Investments | 1,423,026 | 1,553,371 | ||||||||
0 | .5% | Other Assets and Liabilities, Net | 7,209 | |||||||||
100 | .0% | Net Assets | 1,560,580 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 95.1% of net assets | ||||||||
Australia 4.2% | ||||||||
Commercial & Professional Supplies 0.6% | ||||||||
Brambles Ltd. | 518,800 | 3,270 | ||||||
Seek Ltd. | 29,374 | 158 | ||||||
Transfield Services Ltd. | 1,610,882 | 6,074 | ||||||
9,502 | ||||||||
Energy 0.3% | ||||||||
Arrow Energy Ltd. * | 94,900 | 343 | ||||||
Centennial Coal Co., Ltd. | 138,216 | 386 | ||||||
Energy Resources of Australia Ltd. | 35,906 | 742 | ||||||
WorleyParsons Ltd. | 114,432 | 2,640 | ||||||
4,111 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Woolworths Ltd. | 44,599 | 1,142 | ||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Coca-Cola Amatil Ltd. | 61,200 | 582 | ||||||
Foster’s Group Ltd. | 834,600 | 4,093 | ||||||
4,675 | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Ansell Ltd. | 369,964 | 3,419 | ||||||
Cochlear Ltd. | 24,227 | 1,388 | ||||||
4,807 | ||||||||
Insurance 0.2% | ||||||||
QBE Insurance Group Ltd. | 191,433 | 3,855 | ||||||
Materials 1.5% | ||||||||
Alumina Ltd. * | 130,200 | 191 | ||||||
Amcor Ltd. | 54,000 | 278 | ||||||
BHP Billiton Ltd. | 140,298 | 4,601 | ||||||
BHP Billiton Ltd. ADR | 229,000 | 15,018 | ||||||
Mount Gibson Iron Ltd. * | 885,049 | 935 | ||||||
OZ Minerals Ltd. * | 380,400 | 398 | ||||||
PanAust Ltd. * | 4,442,941 | 1,816 | ||||||
23,237 | ||||||||
Media 0.0% | ||||||||
Fairfax Media Ltd. | 191,400 | 271 | ||||||
Real Estate 0.6% | ||||||||
Commonwealth Property Office Fund | 11,917,961 | 9,348 | ||||||
Retailing 0.3% | ||||||||
David Jones Ltd. | 752,773 | 3,566 | ||||||
JB Hi-Fi Ltd. | 68,947 | 1,268 | ||||||
4,834 | ||||||||
Transportation 0.0% | ||||||||
Asciano Group * | 111,100 | 149 | ||||||
65,931 | ||||||||
Austria 0.2% | ||||||||
Capital Goods 0.1% | ||||||||
Andritz AG | 9,800 | 540 | ||||||
Strabag SE | 6,915 | 212 | ||||||
Wienerberger AG * | 20,192 | 365 | ||||||
1,117 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Intercell AG * | 35,535 | 1,373 | ||||||
2,490 | ||||||||
Bahamas 0.1% | ||||||||
Energy 0.1% | ||||||||
Petrominerales Ltd. * | 75,179 | 1,042 | ||||||
Belgium 0.6% | ||||||||
Capital Goods 0.0% | ||||||||
Bekaert N.V. | 3,100 | 399 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Colruyt S.A. | 8,443 | 2,009 | ||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Anheuser-Busch InBev N.V. | 120,759 | 5,670 | ||||||
Materials 0.1% | ||||||||
Nyrstar * | 138,003 | 1,608 | ||||||
9,686 | ||||||||
Bermuda 0.3% | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Bunge Ltd. | 41,750 | 2,382 | ||||||
Insurance 0.2% | ||||||||
PartnerRe Ltd. | 32,875 | 2,515 | ||||||
4,897 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Brazil 1.7% | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
MRV Engenharia e Participacoes S.A. | 12,645 | 235 | ||||||
PDG Realty S.A. Empreendimentos e Participacoes | 194,100 | 1,642 | ||||||
1,877 | ||||||||
Diversified Financials 0.2% | ||||||||
BM&F BOVESPA S.A. | 307,600 | 1,990 | ||||||
GP Investments Ltd. BDR * | 180,800 | 924 | ||||||
2,914 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar | 13,600 | 823 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Cosan S.A. Industria e Comercio * | 10,800 | 114 | ||||||
SLC Agricola S.A. | 49,300 | 372 | ||||||
486 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Diagnosticos da America S.A. * | 101,800 | 2,519 | ||||||
Household & Personal Products 0.2% | ||||||||
Hypermarcas S.A. * | 31,775 | 651 | ||||||
Natura Cosmeticos S.A. | 117,200 | 2,099 | ||||||
2,750 | ||||||||
Materials 0.7% | ||||||||
Vale S.A. ADR | 461,475 | 11,763 | ||||||
Retailing 0.1% | ||||||||
B2W Compania Global do Varejo (B2W Varejo) | 6,200 | 180 | ||||||
Lojas Renner S.A. | 34,400 | 605 | ||||||
785 | ||||||||
Telecommunication Services 0.0% | ||||||||
GVT Holding S.A. * | 14,100 | 403 | ||||||
Transportation 0.2% | ||||||||
Localiza Rent a Car S.A. | 250,700 | 2,633 | ||||||
26,953 | ||||||||
Canada 6.0% | ||||||||
Banks 0.1% | ||||||||
Canadian Western Bank | 75,797 | 1,498 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Gildan Activewear, Inc. * | 39,300 | 697 | ||||||
Consumer Services 0.1% | ||||||||
Tim Hortons, Inc. | 69,956 | 2,002 | ||||||
Energy 1.8% | ||||||||
Canadian Natural Resources Ltd. | 69,975 | 4,525 | ||||||
Crescent Point Energy Corp. | 48,080 | 1,635 | ||||||
EnCana Corp. | 92,600 | 5,129 | ||||||
Niko Resources Ltd. | 16,570 | 1,341 | ||||||
Pacific Rubiales Energy Corp. * | 76,812 | 935 | ||||||
Pason Systems, Inc. | 251,100 | 2,634 | ||||||
PetroBakken Energ Ltd., Class A * | 42,165 | 1,217 | ||||||
Precision Drilling Trust | 352,480 | 2,300 | ||||||
Suncor Energy, Inc. | 218,525 | 7,216 | ||||||
Trinidad Drilling Ltd. | 218,526 | 1,428 | ||||||
28,360 | ||||||||
Food & Staples Retailing 0.0% | ||||||||
Alimentation Couche-Tard, Inc., Class B | 27,400 | 481 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Cott Corp. * | 261,357 | 2,065 | ||||||
Health Care Equipment & Services 0.2% | ||||||||
SXC Health Solutions Corp. * | 57,093 | 2,619 | ||||||
Insurance 0.1% | ||||||||
Manulife Financial Corp. | 70,700 | 1,314 | ||||||
Materials 1.3% | ||||||||
Agnico-Eagle Mines Ltd. | 9,200 | 490 | ||||||
Consolidated Thompson Iron Mines Ltd. * | 58,947 | 272 | ||||||
Detour Gold Corp. * | 69,420 | 856 | ||||||
Eldorado Gold Corp. * | 47,700 | 532 | ||||||
Equinox Minerals Ltd. * | 502,282 | 1,690 | ||||||
First Quantum Minerals Ltd. | 11,277 | 771 | ||||||
HudBay Minerals, Inc. * | 172,582 | 2,235 | ||||||
Potash Corp. of Saskatchewan, Inc. | 141,100 | 13,091 | ||||||
Sino-Forest Corp. * | 26,100 | 367 | ||||||
20,304 | ||||||||
Media 0.5% | ||||||||
Thomson Reuters Corp. | 218,400 | 6,917 | ||||||
Real Estate 0.8% | ||||||||
Brookfield Asset Management, Inc., Class A | 191,409 | 4,001 | ||||||
Morguard Real Estate Investment Trust | 252,790 | 2,787 | ||||||
Northern Property Real Estate Investment Trust (b) | 288,700 | 5,448 | ||||||
12,236 | ||||||||
Transportation 0.9% | ||||||||
Canadian National Railway Co. | 173,900 | 8,389 | ||||||
Canadian Pacific Railway Ltd. | 140,150 | 6,042 | ||||||
14,431 | ||||||||
92,924 | ||||||||
Cayman Islands 0.2% | ||||||||
Capital Goods 0.1% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd. | 498,000 | 999 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Shenguan Holdings Group Ltd. * | 1,350,000 | 801 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
WuXi PharmaTech Cayman, Inc. * | 118,975 | 1,526 | ||||||
3,326 | ||||||||
China 1.5% | ||||||||
Automobiles & Components 0.3% | ||||||||
Dongfeng Motor Group Co., Ltd., Class H | 2,128,000 | 2,530 | ||||||
Geely Automobile Holdings Ltd. | 2,610,000 | 944 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Minth Group Ltd. | 386,000 | 401 | ||||||
3,875 | ||||||||
Banks 0.2% | ||||||||
Industrial & Commercial Bank of China Ltd., Class H | 4,073,472 | 3,241 | ||||||
Capital Goods 0.1% | ||||||||
China Railway Construction Corp., Ltd., Class H | 522,500 | 692 | ||||||
Zhuzhou CSR Times Electric Co., Ltd., Class H | 572,000 | 1,037 | ||||||
1,729 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
China Dongxiang Group Co. | 876,000 | 535 | ||||||
Consumer Services 0.0% | ||||||||
New Oriental Education & Technology Group, Inc. ADR * | 10,200 | 712 | ||||||
Energy 0.1% | ||||||||
China Shenhua Energy Co., Ltd., Class H | 338,000 | 1,516 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Shandong Weigao Group Medical Polymer Co., Ltd., Class H | 140,000 | 495 | ||||||
Household & Personal Products 0.2% | ||||||||
Hengan International Group Co., Ltd. | 216,000 | 1,390 | ||||||
Vinda International Holdings Ltd. | 2,514,000 | 1,615 | ||||||
3,005 | ||||||||
Materials 0.4% | ||||||||
AMVIG Holdings Ltd. (b) | 10,928,000 | 4,759 | ||||||
China Zhongwang Holdings Ltd. * | 1,281,200 | 1,200 | ||||||
Nine Dragons Paper Holdings Ltd. | 658,000 | 936 | ||||||
6,895 | ||||||||
Software & Services 0.1% | ||||||||
Baidu, Inc. ADR * | 2,600 | 983 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Ju Teng International Holdings Ltd. | 1,222,000 | 968 | ||||||
23,954 | ||||||||
Denmark 0.5% | ||||||||
Banks 0.1% | ||||||||
Jyske Bank A/S - Reg’d * | 49,336 | 1,841 | ||||||
Capital Goods 0.1% | ||||||||
FLSmidth & Co. A/S | 18,200 | 963 | ||||||
Materials 0.1% | ||||||||
Novozymes A/S, Class B | 8,929 | 817 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Novo Nordisk A/S, Class B | 56,075 | 3,484 | ||||||
Software & Services 0.0% | ||||||||
SimCorp A/S | 2,826 | 544 | ||||||
Transportation 0.0% | ||||||||
DSV A/S * | 44,285 | 688 | ||||||
8,337 | ||||||||
Finland 0.0% | ||||||||
Capital Goods 0.0% | ||||||||
Kone Oyj, Class B | 4,600 | 172 | ||||||
Software & Services 0.0% | ||||||||
F-Secure Oyj | 121,378 | 442 | ||||||
614 | ||||||||
France 7.1% | ||||||||
Banks 0.4% | ||||||||
BNP Paribas | 73,317 | 5,523 | ||||||
Capital Goods 1.4% | ||||||||
Alstom S.A. | 47,634 | 3,301 | ||||||
Carbone Lorraine S.A. | 262,672 | 9,000 | ||||||
Nexans S.A. | 39,728 | 2,805 | ||||||
Schneider Electric S.A. | 15,477 | 1,609 | ||||||
Societe Industrielle D’Aviations Latecoere S.A. (b)* | 248,348 | 2,348 | ||||||
Vinci S.A. | 65,427 | 3,415 | ||||||
22,478 | ||||||||
Consumer Durables & Apparel 0.5% | ||||||||
Hermes International | 12,467 | 1,734 | ||||||
LVMH Moet Hennessy Louis Vuitton S.A. | 55,100 | 5,705 | ||||||
7,439 | ||||||||
Consumer Services 0.4% | ||||||||
Sodexho | 117,200 | 6,693 | ||||||
Diversified Financials 0.2% | ||||||||
Financiere Marc de Lacharriere S.A. | 54,648 | 2,848 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
DANONE S.A. ADR | 83,200 | 998 | ||||||
Remy Cointreau S.A. | 30,229 | 1,460 | ||||||
2,458 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
bioMerieux | 4,815 | 534 | ||||||
Essilor International S.A. | 47,538 | 2,662 | ||||||
Orpea | 15,470 | 697 | ||||||
3,893 | ||||||||
Household & Personal Products 0.2% | ||||||||
L’Oreal S.A. | 32,400 | 3,313 | ||||||
Insurance 0.3% | ||||||||
April Group | 28,873 | 1,083 | ||||||
Euler Hermes S.A. | 38,273 | 3,038 | ||||||
4,121 | ||||||||
Materials 0.3% | ||||||||
Air Liquide S.A. | 43,452 | 4,680 | ||||||
Media 1.8% | ||||||||
Havas S.A. | 333,770 | 1,268 | ||||||
Ipsos | 158,361 | 4,849 | ||||||
M6 Metropole Television | 11,700 | 282 | ||||||
Publicis Groupe | 260,200 | 9,887 | ||||||
Societe Television Francaise 1 | 717,700 | 11,268 | ||||||
27,554 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Boiron S.A. (b) | 119,729 | 4,933 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Software & Services 0.1% | ||||||||
Cap Gemini S.A. | 23,100 | 1,070 | ||||||
Groupe Steria S.C.A. | 42,818 | 1,279 | ||||||
2,349 | ||||||||
Technology Hardware & Equipment 0.7% | ||||||||
Gemalto N.V. * | 11,604 | 488 | ||||||
Neopost S.A. | 122,579 | 10,727 | ||||||
11,215 | ||||||||
Utilities 0.1% | ||||||||
EDF Energies Nouvelles S.A. | 31,334 | 1,673 | ||||||
111,170 | ||||||||
Germany 7.3% | ||||||||
Automobiles & Components 1.3% | ||||||||
Bayerische Motoren Werke AG | 173,200 | 8,473 | ||||||
Daimler AG - Reg’d | 175,400 | 8,520 | ||||||
ElringKlinger AG | 131,617 | 2,609 | ||||||
Leoni AG | 40,168 | 823 | ||||||
20,425 | ||||||||
Capital Goods 1.2% | ||||||||
Bilfinger Berger AG | 168,479 | 10,849 | ||||||
Kloeckner & Co., SE * | 56,015 | 1,228 | ||||||
MTU Aero Engines Holding AG | 136,353 | 6,196 | ||||||
SMA Solar Technology AG | 2,200 | 210 | ||||||
18,483 | ||||||||
Commercial & Professional Supplies 0.3% | ||||||||
GfK SE | 167,078 | 5,286 | ||||||
Consumer Durables & Apparel 0.3% | ||||||||
Puma AG Rudolf Dassler Sport | 2,971 | 911 | ||||||
Rational AG | 22,104 | 3,104 | ||||||
4,015 | ||||||||
Insurance 0.7% | ||||||||
Allianz SE - Reg’d | 102,400 | 11,737 | ||||||
Materials 1.2% | ||||||||
BASF SE | 73,372 | 3,927 | ||||||
BASF SE ADR | 103,050 | 5,523 | ||||||
HeidelbergCement AG | 4,511 | 270 | ||||||
Lanxess AG | 22,900 | 718 | ||||||
Symrise AG | 487,506 | 8,839 | ||||||
Wacker Chemie AG | 1,600 | 230 | ||||||
19,507 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
QIAGEN N.V. * | 203,125 | 4,212 | ||||||
Retailing 0.3% | ||||||||
Fielmann AG | 56,511 | 4,177 | ||||||
Praktiker Bau- und Heimwerkermaerkte Holding AG | 38,313 | 466 | ||||||
4,643 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
Aixtron AG | 53,013 | 1,584 | ||||||
Infineon Technologies AG * | 184,552 | 831 | ||||||
2,415 | ||||||||
Software & Services 0.9% | ||||||||
SAP AG | 262,241 | 11,878 | ||||||
United Internet AG - Reg’d * | 48,900 | 637 | ||||||
Wirecard AG | 160,569 | 2,089 | ||||||
14,604 | ||||||||
Technology Hardware & Equipment 0.4% | ||||||||
Wincor Nixdorf AG | 100,819 | 5,895 | ||||||
Utilities 0.2% | ||||||||
RWE AG ADR | 30,750 | 2,697 | ||||||
113,919 | ||||||||
Greece 0.3% | ||||||||
Banks 0.2% | ||||||||
National Bank of Greece S.A. * | 68,457 | 2,503 | ||||||
Piraeus Bank S.A. * | 70,563 | 1,216 | ||||||
3,719 | ||||||||
Diversified Financials 0.1% | ||||||||
Hellenic Exchanges S.A. | 102,797 | 1,462 | ||||||
5,181 | ||||||||
Hong Kong 2.0% | ||||||||
Capital Goods 0.4% | ||||||||
Fong’s Industries Co., Ltd. (b)* | 10,128,000 | 2,697 | ||||||
Melco International Development Ltd. * | 1,695,000 | 925 | ||||||
Neo-Neon Holdings Ltd. | 633,000 | 417 | ||||||
Noble Group Ltd. | 1,600,760 | 2,926 | ||||||
6,965 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
China Everbright International Ltd. | 3,555,000 | 1,610 | ||||||
Consumer Durables & Apparel 0.3% | ||||||||
Arts Optical International Holdings Ltd. (b) | 6,600,000 | 2,470 | ||||||
C C Land Holdings Ltd. | 530,000 | 288 | ||||||
Daphne International Holdings Ltd. | 1,274,000 | 963 | ||||||
Techtronic Industries Co., Ltd. | 1,333,500 | 1,071 | ||||||
4,792 | ||||||||
Consumer Services 0.1% | ||||||||
Melco Crown Entertainment Ltd. ADR * | 157,963 | 783 | ||||||
Diversified Financials 0.0% | ||||||||
China Everbright Ltd. | 74,000 | 174 | ||||||
Energy 0.1% | ||||||||
CNOOC Ltd. | 1,470,000 | 2,202 | ||||||
Real Estate 0.1% | ||||||||
Shenzhen Investment Ltd. | 2,374,000 | 935 | ||||||
Sino-Ocean Land Holdings Ltd. | 437,500 | 426 | ||||||
1,361 | ||||||||
Retailing 0.3% | ||||||||
Li & Fung Ltd. | 940,000 | 3,909 | ||||||
Semiconductors & Semiconductor Equipment 0.3% | ||||||||
ASM Pacific Technology Ltd. | 625,600 | 4,863 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Comba Telecom Systems Holdings Ltd. | 1,348,820 | 1,379 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Transportation 0.2% | ||||||||
Pacific Basin Shipping Ltd. | 3,675,000 | 2,701 | ||||||
30,739 | ||||||||
Hungary 0.1% | ||||||||
Banks 0.1% | ||||||||
OTP Bank Nyrt. plc * | 28,900 | 813 | ||||||
India 1.7% | ||||||||
Automobiles & Components 0.2% | ||||||||
Hero Honda Motors Ltd. | 68,123 | 2,249 | ||||||
Maruti Suzuki India Ltd. | 17,785 | 522 | ||||||
2,771 | ||||||||
Banks 0.1% | ||||||||
Housing Development Finance Corp., Ltd. | 36,962 | 2,056 | ||||||
Capital Goods 0.6% | ||||||||
Bharat Heavy Electricals Ltd. | 64,365 | 3,008 | ||||||
Larsen & Toubro Ltd. | 78,428 | 2,578 | ||||||
PSL Ltd. | 260,400 | 764 | ||||||
Voltas Ltd. | 831,884 | 2,802 | ||||||
9,152 | ||||||||
Energy 0.1% | ||||||||
Reliance Industries Ltd. | 43,632 | 1,761 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
McLeod Russel India Ltd. | 223,876 | 971 | ||||||
Materials 0.1% | ||||||||
Jindal Steel & Power Ltd. | 75,558 | 1,013 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Lupin Ltd. | 21,794 | 571 | ||||||
Real Estate 0.2% | ||||||||
Housing Development & Infrastructure Ltd. * | 259,359 | 1,711 | ||||||
Parsvnath Developers Ltd. * | 199,714 | 434 | ||||||
Unitech Ltd. | 608,700 | 1,032 | ||||||
3,177 | ||||||||
Software & Services 0.3% | ||||||||
Infosys Technologies Ltd. | 61,956 | 2,888 | ||||||
Rolta India Ltd. | 483,666 | 1,758 | ||||||
Satyam Computer Services Ltd. * | 93,400 | 202 | ||||||
4,848 | ||||||||
26,320 | ||||||||
Indonesia 0.5% | ||||||||
Automobiles & Components 0.1% | ||||||||
PT Astra International Tbk | 686,500 | 2,209 | ||||||
Banks 0.1% | ||||||||
PT Bank Rakyat Indonesia | 3,026,500 | 2,202 | ||||||
Capital Goods 0.1% | ||||||||
PT United Tractors Tbk | 1,377,000 | 2,111 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk | 869,000 | 693 | ||||||
Materials 0.1% | ||||||||
PT Holcim Indonesia Tbk * | 7,407,000 | 1,232 | ||||||
8,447 | ||||||||
Ireland 1.9% | ||||||||
Banks 0.1% | ||||||||
The Governor and Company of the Bank of Ireland * | 912,800 | 2,291 | ||||||
Capital Goods 0.4% | ||||||||
Cooper Industries plc, Class A | 117,800 | 4,558 | ||||||
Ingersoll-Rand plc | 52,725 | 1,665 | ||||||
6,223 | ||||||||
Commercial & Professional Supplies 0.6% | ||||||||
Experian plc | 951,045 | 8,691 | ||||||
Consumer Services 0.1% | ||||||||
Paddy Power plc | 73,107 | 2,329 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Glanbia plc | 638,994 | 2,513 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
United Drug plc | 642,334 | 2,117 | ||||||
Insurance 0.1% | ||||||||
Irish Life & Permanent plc | 232,792 | 1,683 | ||||||
Materials 0.2% | ||||||||
CRH plc | 97,465 | 2,384 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Warner Chilcott plc, Class A * | 58,600 | 1,298 | ||||||
29,529 | ||||||||
Israel 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Teva Pharmaceutical Industries Ltd. ADR (Israel) | 31,479 | 1,589 | ||||||
Technology Hardware & Equipment 0.0% | ||||||||
Orbotech Ltd. * | 25,000 | 233 | ||||||
1,822 | ||||||||
Italy 1.2% | ||||||||
Capital Goods 0.1% | ||||||||
Trevi Finanziaria S.p.A. | 115,841 | 1,972 | ||||||
Consumer Durables & Apparel 0.4% | ||||||||
Bulgari S.p.A | 89,871 | 735 | ||||||
Luxottica Group S.p.A. | 214,900 | 5,231 | ||||||
5,966 | ||||||||
Diversified Financials 0.2% | ||||||||
Azimut Holding S.p.A. | 291,230 | 3,514 | ||||||
Health Care Equipment & Services 0.3% | ||||||||
Amplifon S.p.A. * | 369,476 | 1,435 | ||||||
DiaSorin S.p.A. | 65,372 | 2,393 | ||||||
3,828 | ||||||||
Media 0.1% | ||||||||
Gruppo Editoriale L’Espresso S.p.A. * | 531,297 | 1,513 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Transportation 0.1% | ||||||||
Ansaldo STS S.p.A. | 91,715 | 1,755 | ||||||
18,548 | ||||||||
Japan 11.1% | ||||||||
Automobiles & Components 1.7% | ||||||||
F.C.C. Co., Ltd. | 418,400 | 7,194 | ||||||
Honda Motor Co., Ltd. | 196,100 | 6,057 | ||||||
Sumitomo Rubber Industries Ltd. | 54,300 | 500 | ||||||
Takata Corp. | 56,500 | 1,054 | ||||||
Toyota Motor Corp. | 277,400 | 10,951 | ||||||
Zeon Corp. | 177,000 | 805 | ||||||
26,561 | ||||||||
Banks 0.2% | ||||||||
The Sumitomo Trust & Banking Co., Ltd. | 442,000 | 2,303 | ||||||
Capital Goods 1.7% | ||||||||
Daikin Industries Ltd. | 74,600 | 2,529 | ||||||
Fanuc Ltd. | 13,100 | 1,088 | ||||||
JGC Corp. | 45,000 | 860 | ||||||
Komatsu Ltd. | 128,100 | 2,497 | ||||||
Kurita Water Industries Ltd. | 47,400 | 1,450 | ||||||
Marubeni Corp. | 208,000 | 1,029 | ||||||
MISUMI Group, Inc. | 35,400 | 604 | ||||||
Miura Co., Ltd. | 124,100 | 3,466 | ||||||
Nabtesco Corp. | 262,000 | 3,017 | ||||||
NGK Insulators Ltd. | 17,000 | 381 | ||||||
Nok Corp. | 12,800 | 170 | ||||||
NSK Ltd. | 94,000 | 546 | ||||||
Sumitomo Heavy Industries Ltd. | 97,000 | 440 | ||||||
THK Co., Ltd. | 118,100 | 2,041 | ||||||
Union Tool Co. | 34,500 | 1,006 | ||||||
Ushio, Inc. | 288,100 | 4,529 | ||||||
25,653 | ||||||||
Commercial & Professional Supplies 0.2% | ||||||||
Meitec Corp. | 120,000 | 2,023 | ||||||
Park24 Co., Ltd. | 43,800 | 489 | ||||||
2,512 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Makita Corp. | 12,200 | 404 | ||||||
Shimano, Inc. | 74,300 | 2,841 | ||||||
3,245 | ||||||||
Diversified Financials 0.9% | ||||||||
Daiwa Securities Group, Inc. | 2,405,000 | 12,658 | ||||||
kabu.com Securities Co., Ltd. | 377 | 403 | ||||||
ORIX Corp. | 9,900 | 640 | ||||||
13,701 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Ariake Japan Co., Ltd. | 278,100 | 4,337 | ||||||
Unicharm Petcare Corp. | 13,592 | 480 | ||||||
4,817 | ||||||||
Health Care Equipment & Services 0.4% | ||||||||
Hogy Medical Co., Ltd. | 61,500 | 3,306 | ||||||
Miraca Holdings, Inc. | 15,900 | 514 | ||||||
Nichii Gakkan Co. | 20,100 | 199 | ||||||
Sysmex Corp. | 10,800 | 483 | ||||||
Terumo Corp. | 36,700 | 1,932 | ||||||
6,434 | ||||||||
Household & Personal Products 0.0% | ||||||||
Unicharm Corp. | 2,300 | 220 | ||||||
Materials 0.7% | ||||||||
Nifco, Inc. | 312,600 | 6,397 | ||||||
Nippon Yakin Kogyo Co., Ltd. | 200,000 | 971 | ||||||
Taiyo Ink Mfg. Co., Ltd. | 131,700 | 3,133 | ||||||
The Nippon Synthetic Chemical Industry Co., Ltd. | 97,000 | 712 | ||||||
Ube Industries Ltd. | 116,000 | 299 | ||||||
11,512 | ||||||||
Media 0.4% | ||||||||
CyberAgent, Inc. | 2,973 | 3,867 | ||||||
Jupiter Telecommunications Co., Ltd. | 2,371 | 2,167 | ||||||
Nippon Television Network Corp. | 5,100 | 665 | ||||||
6,699 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Shionogi & Co., Ltd. | 26,000 | 561 | ||||||
Real Estate 0.1% | ||||||||
Tokyo Tatemono Co., Ltd. | 209,000 | 996 | ||||||
Tokyu Livable, Inc. | 75,800 | 686 | ||||||
1,682 | ||||||||
Retailing 0.7% | ||||||||
Autobacs Seven Co., Ltd. | 12,800 | 432 | ||||||
Fast Retailing Co., Ltd. | 31,900 | 5,250 | ||||||
K’s Holdings Corp. | 24,900 | 807 | ||||||
Nitori Co., Ltd. | 16,660 | 1,355 | ||||||
Point, Inc. | 20,490 | 1,211 | ||||||
Start Today Co., Ltd, | 310 | 616 | ||||||
Yamada Denki Co., Ltd. | 6,200 | 378 | ||||||
10,049 | ||||||||
Semiconductors & Semiconductor Equipment 1.0% | ||||||||
Disco Corp. | 40,300 | 2,223 | ||||||
Rohm Co., Ltd. | 146,200 | 9,696 | ||||||
Shin-Etsu Chemical Co., Ltd. | 49,100 | 2,604 | ||||||
Shinko Electric Industries Co., Ltd. | 41,900 | 624 | ||||||
ULVAC, Inc. | 38,800 | 912 | ||||||
16,059 | ||||||||
Software & Services 0.3% | ||||||||
Gree, Inc. (b) | 59,600 | 3,268 | ||||||
Kakaku.com, Inc. | 137 | 501 | ||||||
Yahoo! Japan Corp. | 5,102 | 1,564 | ||||||
5,333 | ||||||||
Technology Hardware & Equipment 1.9% | ||||||||
Canon, Inc. | 334,300 | 12,604 | ||||||
Hitachi Construction Machinery Co., Ltd. | 14,200 | 331 | ||||||
HORIBA Ltd. | 281,300 | 6,802 | ||||||
Keyence Corp. | 7,800 | 1,548 | ||||||
OMRON Corp. | 531,600 | 8,952 | ||||||
30,237 | ||||||||
Telecommunication Services 0.3% | ||||||||
SOFTBANK Corp. | 183,500 | 4,324 | ||||||
Transportation 0.1% | ||||||||
Kintetsu World Express, Inc. | 41,400 | 962 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Yamato Holdings Co., Ltd. | 28,000 | 413 | ||||||
1,375 | ||||||||
173,277 | ||||||||
Luxembourg 0.6% | ||||||||
Energy 0.6% | ||||||||
Acergy S.A. | 83,821 | 1,047 | ||||||
Tenaris S.A. ADR | 237,725 | 8,468 | ||||||
9,515 | ||||||||
Media 0.0% | ||||||||
SES FDR | 18,262 | 395 | ||||||
9,910 | ||||||||
Malaysia 0.3% | ||||||||
Banks 0.1% | ||||||||
CIMB Group Holdings Berhad | 611,700 | 2,219 | ||||||
Capital Goods 0.1% | ||||||||
IJM Corp. Berhad | 1,143,160 | 1,595 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
IOI Corp. Berhad | 595,800 | 924 | ||||||
Kuala Lumpur Kepong Berhad | 149,300 | 652 | ||||||
1,576 | ||||||||
5,390 | ||||||||
Mexico 1.2% | ||||||||
Diversified Financials 0.0% | ||||||||
Banco Compartamos S.A. de C.V. | 155,700 | 639 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Wal-Mart de Mexico S.A.B. de C.V., Series V | 26,000 | 92 | ||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Fomento Economico Mexicano S.A.B. de C.V. | 160,700 | 6,960 | ||||||
Media 0.6% | ||||||||
Grupo Televisa S.A. ADR | 468,400 | 9,068 | ||||||
Megacable Holdings S.A.B. de C.V. * | 390,500 | 806 | ||||||
9,874 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Genomma Lab Internacional S.A., Class B * | 573,388 | 955 | ||||||
18,520 | ||||||||
Netherlands 4.2% | ||||||||
Capital Goods 0.8% | ||||||||
Aalberts Industries N.V. | 91,232 | 1,143 | ||||||
Chicago Bridge & Iron Co., N.V. | 14,600 | 274 | ||||||
Koninklijke (Royal) Philips Electronics N.V. | 109,400 | 2,748 | ||||||
Koninklijke BAM Groep N.V. | 204,537 | 2,406 | ||||||
Koninklijke Boskalis Westminster N.V. | 174,908 | 6,139 | ||||||
12,710 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Randstad Holding N.V. * | 12,700 | 482 | ||||||
USG People N.V. * | 69,525 | 1,210 | ||||||
1,692 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
TomTom N.V. * | 54,392 | 518 | ||||||
Diversified Financials 0.2% | ||||||||
BinckBank N.V. | 106,986 | 2,117 | ||||||
Energy 1.1% | ||||||||
Core Laboratories N.V. | 27,675 | 2,886 | ||||||
Fugro N.V., CVA | 58,506 | 3,259 | ||||||
Schlumberger Ltd. | 185,800 | 11,557 | ||||||
17,702 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Koninklijke Ahold N.V. | 161,700 | 2,037 | ||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Heineken Holding N.V. | 125,800 | 4,894 | ||||||
Unilever N.V. | 58,950 | 1,821 | ||||||
6,715 | ||||||||
Materials 0.3% | ||||||||
Akzo Nobel N.V. | 54,600 | 3,224 | ||||||
James Hardie Industries N.V. CDI * | 189,900 | 1,203 | ||||||
4,427 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASML Holding N.V. | 64,300 | 1,734 | ||||||
Software & Services 0.1% | ||||||||
Unit 4 Agresso N.V. * | 40,567 | 964 | ||||||
Transportation 1.0% | ||||||||
Koninklijke Vopak N.V. * | 210,873 | 14,227 | ||||||
TNT N.V. | 22,800 | 605 | ||||||
14,832 | ||||||||
65,448 | ||||||||
New Zealand 1.1% | ||||||||
Consumer Services 0.4% | ||||||||
Sky City Entertainment Group Ltd. | 2,225,157 | 5,497 | ||||||
Health Care Equipment & Services 0.5% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 3,356,192 | 7,436 | ||||||
Transportation 0.2% | ||||||||
Auckland International Airport Ltd. | 2,474,582 | 3,560 | ||||||
16,493 | ||||||||
Norway 0.8% | ||||||||
Energy 0.7% | ||||||||
Farstad Shipping A.S.A. (b) | 178,850 | 4,149 | ||||||
Petroleum Geo-Services A.S.A. * | 190,593 | 1,795 | ||||||
Seadrill Ltd. * | 94,700 | 1,966 | ||||||
TGS Nopec Geophysical Co., A.S.A. * | 157,680 | 2,391 | ||||||
10,301 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Austevoll Seafood A.S.A. * | 162,218 | 960 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Materials 0.0% | ||||||||
Yara International A.S.A. ADR | 19,050 | 637 | ||||||
Software & Services 0.0% | ||||||||
Opera Software A.S.A. | 176,076 | 755 | ||||||
Transportation 0.0% | ||||||||
Norwegian Air Shuttle A.S.A. * | 17,474 | 496 | ||||||
13,149 | ||||||||
Panama 0.0% | ||||||||
Transportation 0.0% | ||||||||
Copa Holdings S.A., Class A | 14,110 | 596 | ||||||
Papua New Guinea 0.1% | ||||||||
Energy 0.1% | ||||||||
Oil Search Ltd. | 166,032 | 861 | ||||||
Peru 0.1% | ||||||||
Banks 0.1% | ||||||||
Credicorp Ltd. | 19,730 | 1,362 | ||||||
Portugal 0.2% | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Jeronimo Martins, SGPS, S.A. | 294,640 | 2,625 | ||||||
Republic of Korea 0.7% | ||||||||
Automobiles & Components 0.2% | ||||||||
Hyundai Motor Co. | 18,511 | 1,679 | ||||||
Kia Motors Corp. * | 39,200 | 582 | ||||||
2,261 | ||||||||
Consumer Services 0.1% | ||||||||
MegaStudy Co., Ltd. | 10,716 | 2,229 | ||||||
Household & Personal Products 0.1% | ||||||||
Amorepacific Corp. | 500 | 345 | ||||||
LG Household & Health Care Ltd. | 8,699 | 1,807 | ||||||
2,152 | ||||||||
Insurance 0.1% | ||||||||
Samsung Fire & Marine Insurance Co., Ltd. | 9,262 | 1,687 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Samsung Electronics Co., Ltd. | 3,000 | 1,805 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Digitech Systems Co., Ltd. * | 45,003 | 937 | ||||||
Samsung SDI Co., Ltd. | 5,500 | 628 | ||||||
1,565 | ||||||||
11,699 | ||||||||
Singapore 2.8% | ||||||||
Capital Goods 0.3% | ||||||||
SembCorp Marine Ltd. | 1,904,000 | 4,644 | ||||||
Energy 0.1% | ||||||||
Ezra Holdings Ltd. * | 1,358,000 | 1,819 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Olam International Ltd. | 929,300 | 1,784 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Wilmar International Ltd. | 342,000 | 1,508 | ||||||
Health Care Equipment & Services 0.3% | ||||||||
Parkway Holdings Ltd. | 2,529,780 | 4,511 | ||||||
Real Estate 0.6% | ||||||||
Capitaland Ltd. | 731,000 | 2,120 | ||||||
CapitaMall Trust | 5,886,200 | 6,612 | ||||||
8,732 | ||||||||
Telecommunication Services 0.3% | ||||||||
StarHub Ltd. | 3,322,000 | 4,448 | ||||||
Transportation 0.8% | ||||||||
SIA Engineering Co., Ltd. | 1,903,000 | 3,778 | ||||||
Singapore Airport Terminal Services Ltd. | 2,326,000 | 4,065 | ||||||
SMRT Corp., Ltd. | 3,591,000 | 4,282 | ||||||
12,125 | ||||||||
Utilities 0.2% | ||||||||
Hyflux Ltd. | 1,636,000 | 3,555 | ||||||
43,126 | ||||||||
South Africa 0.6% | ||||||||
Capital Goods 0.1% | ||||||||
Wilson Bayly Holmes-Ovcon Ltd. | 66,901 | 969 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Shoprite Holdings Ltd. | 128,188 | 1,045 | ||||||
Materials 0.1% | ||||||||
Aquarius Platinum Ltd. * | 210,108 | 896 | ||||||
Merafe Resources Ltd. * | 4,278,618 | 765 | ||||||
1,661 | ||||||||
Media 0.2% | ||||||||
Naspers Ltd., Class N | 101,100 | 3,649 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Aspen Pharmacare Holdings Ltd. * | 177,096 | 1,492 | ||||||
8,816 | ||||||||
South Korea 0.1% | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Samsung Electro-Mechanics Co., Ltd. | 13,600 | 1,131 | ||||||
Spain 1.6% | ||||||||
Banks 0.2% | ||||||||
Banco Santander S.A. | 201,754 | 3,247 | ||||||
Capital Goods 0.1% | ||||||||
Abengoa S.A. | 14,700 | 388 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 1,918 | 945 | ||||||
1,333 | ||||||||
Commercial & Professional Supplies 0.4% | ||||||||
Prosegur, Compania de Seguridad S.A. - Reg’d | 142,580 | 5,999 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Energy 0.1% | ||||||||
Tecnicas Reunidas S.A. | 41,534 | 2,191 | ||||||
Materials 0.0% | ||||||||
Tubacex S.A. | 177,536 | 733 | ||||||
Media 0.6% | ||||||||
Antena 3 de Television S.A. * | 126,679 | 1,078 | ||||||
Gestevision Telecinco S.A. | 739,096 | 7,639 | ||||||
8,717 | ||||||||
Retailing 0.1% | ||||||||
Industria de Diseno Textil S.A. | 16,648 | 977 | ||||||
Telecommunication Services 0.1% | ||||||||
Jazztel plc * | 3,018,170 | 1,220 | ||||||
Utilities 0.0% | ||||||||
Red Electrica Corporacion S.A. | 5,000 | 258 | ||||||
24,675 | ||||||||
Sweden 1.6% | ||||||||
Capital Goods 0.8% | ||||||||
Assa Abloy AB, B Shares | 565,800 | 9,887 | ||||||
Atlas Copco AB, B Shares | 277,000 | 3,300 | ||||||
13,187 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Electrolux AB, B Shares * | 31,800 | 762 | ||||||
JM AB * | 151,917 | 2,256 | ||||||
Nobia AB * | 170,062 | 1,056 | ||||||
4,074 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Swedish Match AB | 28,400 | 583 | ||||||
Materials 0.0% | ||||||||
SSAB AB, A Shares | 29,900 | 456 | ||||||
Media 0.2% | ||||||||
Modern Times Group, B Shares | 54,065 | 2,345 | ||||||
Retailing 0.3% | ||||||||
Clas Ohlson AB, B Shares | 50,985 | 960 | ||||||
Hennes & Mauritz AB, B Shares | 58,701 | 3,334 | ||||||
4,294 | ||||||||
24,939 | ||||||||
Switzerland 11.4% | ||||||||
Capital Goods 0.8% | ||||||||
ABB Ltd. - Reg’d * | 282,160 | 5,249 | ||||||
Geberit AG - Reg’d | 26,800 | 4,433 | ||||||
Tyco International Ltd. | 85,800 | 2,879 | ||||||
12,561 | ||||||||
Commercial & Professional Supplies 0.9% | ||||||||
Adecco S.A. - Reg’d | 241,200 | 10,778 | ||||||
Gategroup Holding AG * | 34,011 | 895 | ||||||
SGS S.A. - Reg’d | 1,653 | 2,208 | ||||||
13,881 | ||||||||
Consumer Durables & Apparel 1.4% | ||||||||
Compagnie Financiere Richemont S.A., Series A | 501,400 | 14,036 | ||||||
Swatch Group AG | 36,400 | 8,499 | ||||||
22,535 | ||||||||
Consumer Services 0.0% | ||||||||
Orascom Development Holding AG * | 6,621 | 517 | ||||||
Diversified Financials 1.9% | ||||||||
Credit Suisse Group AG - Reg’d | 319,577 | 17,083 | ||||||
Partners Group Holding AG | 16,614 | 2,038 | ||||||
UBS AG - Reg’d * | 602,100 | 10,040 | ||||||
29,161 | ||||||||
Energy 2.3% | ||||||||
Noble Corp. | 368,825 | 15,026 | ||||||
Transocean Ltd. * | 153,346 | 12,867 | ||||||
Weatherford International Ltd. * | 486,550 | 8,529 | ||||||
36,422 | ||||||||
Food, Beverage & Tobacco 1.4% | ||||||||
Nestle S.A. - Reg’d | 174,400 | 8,110 | ||||||
Nestle S.A. - Reg’d ADR | 278,787 | 12,969 | ||||||
21,079 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Nobel Biocare Holding AG - Reg’d | 33,549 | 952 | ||||||
Sonova Holding AG - Reg’d | 14,926 | 1,536 | ||||||
Straumann Holding AG - Reg’d | 1,300 | 314 | ||||||
2,802 | ||||||||
Insurance 0.2% | ||||||||
Zurich Financial Services AG - Reg’d | 10,918 | 2,500 | ||||||
Materials 0.8% | ||||||||
Clariant AG - Reg’d * | 183,798 | 1,757 | ||||||
Givaudan S.A. - Reg’d | 11,599 | 8,611 | ||||||
Sika AG | 1,729 | 2,344 | ||||||
12,712 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.0% | ||||||||
Actelion Ltd. - Reg’d * | 25,300 | 1,395 | ||||||
Lonza Group AG - Reg’d | 4,137 | 322 | ||||||
Novartis AG - Reg’d | 196,800 | 10,248 | ||||||
Novartis AG ADR | 80,275 | 4,170 | ||||||
16,135 | ||||||||
Software & Services 0.0% | ||||||||
Temenos Group AG - Reg’d * | 26,043 | 594 | ||||||
Transportation 0.5% | ||||||||
Kuehne & Nagel International AG - Reg’d | 76,864 | 6,964 | ||||||
177,863 | ||||||||
Taiwan 0.8% | ||||||||
Diversified Financials 0.1% | ||||||||
Yuanta Financial Holding Co., Ltd. | 1,633,000 | 1,078 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
St. Shine Optical Co., Ltd. | 86,000 | 476 | ||||||
Semiconductors & Semiconductor Equipment 0.4% | ||||||||
Kinsus Interconnect Technology Corp. | 644,000 | 1,614 | ||||||
Siliconware Precision Industries Co. | 984,000 | 1,294 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,791,000 | 3,249 | ||||||
6,157 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Acer, Inc. | 134,000 | 316 | ||||||
Catcher Technology Co., Ltd. (b) | 37,500 | 91 | ||||||
Everlight Electronics Co., Ltd. | 99,000 | 270 | ||||||
Prime View International Co., Ltd. * | 289,000 | 471 | ||||||
Wistron Corp. | 497,788 | 833 | ||||||
WPG Holdings Co., Ltd. | 1,283,000 | 1,755 | ||||||
Young Fast Optoelectronics Co., Ltd. | 31,000 | 355 | ||||||
4,091 | ||||||||
11,802 | ||||||||
Thailand 0.0% | ||||||||
Food & Staples Retailing 0.0% | ||||||||
CP ALL PCL | 945,300 | 537 | ||||||
Turkey 0.4% | ||||||||
Automobiles & Components 0.1% | ||||||||
Tofas Turk Otomobil Fabrikasi A/S | 369,512 | 928 | ||||||
Banks 0.2% | ||||||||
Asya Katilim Bankasi A/S * | 373,700 | 773 | ||||||
Turk Ekonomi Bankasi A.S. * | 1,726,584 | 2,541 | ||||||
3,314 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Arcelik A/S * | 169,288 | 553 | ||||||
Food & Staples Retailing 0.1% | ||||||||
BIM Birlesik Magazalar A/S | 35,406 | 1,284 | ||||||
6,079 | ||||||||
United Kingdom 17.8% | ||||||||
Banks 0.6% | ||||||||
Barclays plc * | 753,015 | 3,947 | ||||||
Standard Chartered plc | 198,856 | 4,878 | ||||||
8,825 | ||||||||
Capital Goods 3.1% | ||||||||
BAE Systems plc ADR | 33,850 | 699 | ||||||
Bodycote plc | 1,238,906 | 3,310 | ||||||
Chemring Group plc | 28,875 | 1,250 | ||||||
Chloride Group plc | 3,887,004 | 10,262 | ||||||
Cobham plc | 761,169 | 2,735 | ||||||
Cookson Group plc * | 148,769 | 888 | ||||||
Invensys plc | 214,800 | 993 | ||||||
Rolls-Royce Group plc * | 564,099 | 4,160 | ||||||
Rolls-Royce Group plc, C Shares (c)* | 33,845,940 | 56 | ||||||
Spirax-Sarco Engineering plc | 152,066 | 2,713 | ||||||
The Weir Group plc | 1,125,061 | 12,893 | ||||||
Travis Perkins plc | 135,014 | 1,666 | ||||||
Ultra Electronics Holdings plc | 241,315 | 5,209 | ||||||
VT Group plc | 177,328 | 1,578 | ||||||
48,412 | ||||||||
Commercial & Professional Supplies 1.7% | ||||||||
Aggreko plc | 59,308 | 737 | ||||||
Babcock International Group plc | 157,205 | 1,561 | ||||||
Cape plc * | 333,868 | 1,369 | ||||||
Capita Group plc | 206,854 | 2,584 | ||||||
De La Rue plc | 230,518 | 3,453 | ||||||
G4S plc | 1,760,500 | 7,278 | ||||||
Michael Page International plc | 271,038 | 1,428 | ||||||
RPS Group plc | 294,911 | 1,011 | ||||||
Serco Group plc | 816,561 | 6,755 | ||||||
26,176 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Bellway plc | 32,495 | 389 | ||||||
Burberry Group plc | 79,400 | 700 | ||||||
The Berkeley Group Holdings plc * | 62,656 | 874 | ||||||
1,963 | ||||||||
Consumer Services 0.6% | ||||||||
Compass Group plc | 937,200 | 5,944 | ||||||
Greene King plc | 388,681 | 2,511 | ||||||
InterContinental Hotels Group plc | 19,900 | 254 | ||||||
8,709 | ||||||||
Diversified Financials 1.0% | ||||||||
Aberdeen Asset Management plc | 280,404 | 607 | ||||||
Ashmore Group plc | 192,094 | 858 | ||||||
BlueBay Asset Management plc | 156,537 | 953 | ||||||
Climate Exchange plc * | 45,667 | 636 | ||||||
International Personal Finance | 407,428 | 1,369 | ||||||
Man Group plc | 159,100 | 805 | ||||||
Schroders plc | 490,100 | 8,812 | ||||||
Tullett Prebon plc | 270,364 | 1,605 | ||||||
15,645 | ||||||||
Energy 1.2% | ||||||||
Afren plc * | 1,891,745 | 2,686 | ||||||
AMEC plc | 160,873 | 2,119 | ||||||
BG Group plc | 345,363 | 5,945 | ||||||
Dana Petroleum plc * | 45,583 | 954 | ||||||
Gulf Keystone Petroleum Ltd * | 985,026 | 1,710 | ||||||
Heritage Oil plc * | 79,678 | 604 | ||||||
Petrofac Ltd. | 113,631 | 1,749 | ||||||
Premier Oil plc * | 47,051 | 907 | ||||||
Tullow Oil plc | 86,300 | 1,672 | ||||||
18,346 | ||||||||
Food, Beverage & Tobacco 1.4% | ||||||||
British American Tobacco plc ADR | 85,950 | 5,521 | ||||||
Britvic plc | 344,536 | 1,970 | ||||||
Cadbury plc ADR | 14,591 | 739 | ||||||
Diageo plc | 496,400 | 8,085 | ||||||
Diageo plc ADR | 57,150 | 3,716 | ||||||
Unilever plc | 72,600 | 2,169 | ||||||
22,200 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Smith & Nephew plc | 64,100 | 567 | ||||||
SSL International plc | 215,989 | 2,243 | ||||||
2,810 | ||||||||
Household & Personal Products 0.2% | ||||||||
McBride plc | 165,852 | 605 | ||||||
Reckitt Benckiser Group plc | 65,865 | 3,272 | ||||||
3,877 | ||||||||
Insurance 0.1% | ||||||||
Admiral Group plc | 51,147 | 860 | ||||||
Amlin plc | 230,894 | 1,336 | ||||||
2,196 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Materials 2.3% | ||||||||
Antofagasta plc | 211,283 | 2,662 | ||||||
Croda International plc | 344,321 | 4,216 | ||||||
Rexam plc * | 2,061,713 | 9,336 | ||||||
Rio Tinto plc ADR | 57,575 | 10,250 | ||||||
Vedanta Resources plc | 90,362 | 3,092 | ||||||
Victrex plc | 513,286 | 6,389 | ||||||
35,945 | ||||||||
Media 1.2% | ||||||||
British Sky Broadcasting Group plc | 1,216,685 | 10,608 | ||||||
Johnston Press plc * | 826,900 | 382 | ||||||
Reed Elsevier plc | 948,000 | 7,177 | ||||||
Rightmove plc | 136,436 | 1,177 | ||||||
19,344 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.5% | ||||||||
GlaxoSmithKline plc | 389,600 | 7,992 | ||||||
Retailing 1.3% | ||||||||
ASOS plc * | 86,654 | 559 | ||||||
Carpetright plc | 63,856 | 919 | ||||||
Inchcape plc * | 3,899,911 | 1,871 | ||||||
Mothercare plc | 57,289 | 541 | ||||||
Next plc | 107,430 | 3,152 | ||||||
Signet Jewelers Ltd. | 437,660 | 11,033 | ||||||
Signet Jewelers Ltd. * | 73,097 | 1,846 | ||||||
The Carphone Warehouse Group plc | 148,900 | 449 | ||||||
20,370 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
ARM Holdings plc | 634,548 | 1,541 | ||||||
CSR plc * | 199,170 | 1,454 | ||||||
2,995 | ||||||||
Software & Services 0.2% | ||||||||
Autonomy Corp. plc * | 112,802 | 2,480 | ||||||
Blinkx plc * | 499,831 | 172 | ||||||
Telecity Group plc * | 59,659 | 328 | ||||||
2,980 | ||||||||
Technology Hardware & Equipment 1.8% | ||||||||
Halma plc | 1,008,051 | 3,762 | ||||||
Laird plc | 917,545 | 2,193 | ||||||
Rotork plc | 707,813 | 13,171 | ||||||
Spectris plc | 355,748 | 3,948 | ||||||
TT electronics plc (b)* | 3,535,210 | 4,221 | ||||||
27,295 | ||||||||
Telecommunication Services 0.1% | ||||||||
Inmarsat plc | 106,492 | 976 | ||||||
Transportation 0.0% | ||||||||
Northgate plc | 99,818 | 359 | ||||||
Utilities 0.0% | ||||||||
International Power plc (b) | 89,200 | 370 | ||||||
277,785 | ||||||||
United States 0.1% | ||||||||
Automobiles & Components 0.1% | ||||||||
Autoliv, Inc. | 28,552 | 969 | ||||||
Materials 0.0% | ||||||||
Radware Ltd. * | 30,216 | 350 | ||||||
1,319 | ||||||||
Total Common Stock (Cost $1,347,954) | 1,484,044 | |||||||
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Preferred Stock 0.1% of net assets | ||||||||
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Brazil 0.1% | ||||||||
Banco Panamericano SA | 280,900 | 1,044 | ||||||
Total Preferred Stock (Cost $1,158) | 1,044 | |||||||
Other Investment Companies 4.0% of net assets | ||||||||
iShares MSCI Emerging Markets Index Fund | 354,000 | 13,296 | ||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 49,630,982 | 49,631 | ||||||
Total Other Investment Companies (Cost $68,647) | 62,927 | |||||||
Rights 0.0% of net assets | ||||||||
Spain 0.0% | ||||||||
Banco Santander S.A. * | 201,754 | 36 | ||||||
United Kingdom 0.0% | ||||||||
Laird plc * | 458,772 | 305 | ||||||
Total Rights (Cost $292) | 341 | |||||||
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Warrants 0.0% of net assets | ||||||||
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Malaysia 0.0% | ||||||||
IJM Corp BHD (b)* | 97,636 | 34 | ||||||
Total Warrants (Cost $7) | 34 | |||||||
Issuer | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.3% of net assets | ||||||||
U.S. Treasury Obligation 0.3% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (a) | 4,850 | 4,850 | ||||||
Total Short-Term Investment (Cost $4,850) | 4,850 | |||||||
Corporate Bond 0.0% of net assets | ||||||||
Brazil 0.0% | ||||||||
Lupatech S.A. | ||||||||
6.50%, 04/15/18 (b)(c) | 226 | 131 | ||||||
Total Corporate Bond (Cost $118) | 131 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Illiquid security. At the period end, the value of these amounted to $34,919 or 2.2% of net assets. | |
(c) | Fair-valued by Management in accordance with procedures approved by the Board of Trustees. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contracts | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 440 | 24,719 | (1,279 | ) | ||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 295 | 15,237 | (65 | ) | ||||||||
Net unrealized losses | (1,344 | ) | ||||||||||
Amount of | Amount of | |||||||||||||||||||
Currency | Currency to be | Currency | Currency to be | Unrealized | ||||||||||||||||
Expiration | to be | Received | to be | Delivered | Gains / Losses | |||||||||||||||
Date | Received | (x 1,000) | Delivered | (x 1,000) | (x 1,000) | |||||||||||||||
Forward Foreign Currency Contracts | ||||||||||||||||||||
11/04/2009 | AUD | 338 | USD | 304 | 1 | |||||||||||||||
12/15/2009 | EUR | 7,231 | USD | 10,640 | (126 | ) | ||||||||||||||
06/04/2010 | USD | 12,109 | CHF | 12,400 | (387 | ) | ||||||||||||||
03/03/2010 | USD | 7,805 | CHF | 8,000 | (871 | ) | ||||||||||||||
12/17/2009 | USD | 5,157 | CHF | 5,289 | 11 | |||||||||||||||
10/25/2010 | USD | 7,879 | CHF | 8,050 | 162 | |||||||||||||||
09/24/2010 | USD | 5,184 | CHF | 5,300 | 15 | |||||||||||||||
10/25/2010 | USD | 5,169 | EUR | 3,520 | 110 | |||||||||||||||
12/14/2009 | USD | 8,602 | EUR | 5,846 | 157 | |||||||||||||||
12/15/2009 | USD | 10,604 | EUR | 7,231 | (37 | ) | ||||||||||||||
09/15/2010 | USD | 18,111 | EUR | 12,330 | (97 | ) | ||||||||||||||
03/03/2010 | USD | 6,704 | JPY | 603,000 | (454 | ) | ||||||||||||||
12/18/2009 | USD | 4,527 | JPY | 407,373 | (77 | ) | ||||||||||||||
11/04/2009 | USD | 11 | JPY | 979 | — | |||||||||||||||
11/05/2009 | USD | 29 | JPY | 2,569 | — | |||||||||||||||
09/07/2010 | USD | 3,601 | JPY | 323,000 | (98 | ) | ||||||||||||||
11/04/2009 | USD | 734 | ZAR | 5,733 | (6 | ) | ||||||||||||||
11/05/2009 | USD | 948 | ZAR | 7,403 | 8 | |||||||||||||||
11/06/2009 | USD | 476 | ZAR | 3,719 | (1 | ) | ||||||||||||||
Net unrealized losses on Forward Foreign Currency Contracts | (1,690 | ) | ||||||||||||||||||
Assets | ||||||
Investments, at value (cost $1,423,026) | $1,553,371 | |||||
Foreign currency, at value (cost $1,203) | 1,208 | |||||
Receivables: | ||||||
Investments sold | 14,166 | |||||
Dividends | 1,946 | |||||
Fund shares sold | 1,709 | |||||
Foreign tax reclaims | 1,491 | |||||
Interest | 13 | |||||
Unrealized gains on forward foreign currency contracts | 464 | |||||
Prepaid expenses | + | 25 | ||||
Total assets | 1,574,393 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 8,900 | |||||
Investment advisers and administrator fees | 241 | |||||
Shareholder services fees to affiliate | 226 | |||||
Due to brokers for futures | 1,069 | |||||
Fund shares redeemed | 911 | |||||
Foreign capital gain tax | 162 | |||||
Trustee fees | 1 | |||||
Unrealized losses on forward foreign currency contracts | 2,154 | |||||
Accrued expenses | + | 149 | ||||
Total liabilities | 13,813 | |||||
Net Assets | ||||||
Total assets | 1,574,393 | |||||
Total liabilities | − | 13,813 | ||||
Net assets | 1,560,580 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,058,044 | |||||
Net investment income not yet distributed | 14,158 | |||||
Net realized capital losses | (638,850 | ) | ||||
Net unrealized capital gains | 127,228 |
Shares | ||||||||||||
Share Class | Net Assets | ¸ | Outstanding | = | NAV | |||||||
Investor Shares | $930,879 | 61,886 | $15.04 | |||||||||
Select Shares | $629,701 | 41,828 | $15.05 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $2,854) | $33,750 | |||||
Interest | + | 256 | ||||
Total investment income | 34,006 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (366,487 | ) | ||||
Net realized gains on foreign currency transactions | 9,603 | |||||
Net realized gains on futures contracts | + | 2,407 | ||||
Net realized losses | (354,477 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 732,254 | |||||
Net unrealized losses on foreign currency translations | (10,941 | ) | ||||
Net unrealized losses on futures contracts | + | (1,069 | ) | |||
Net unrealized gains | 720,244 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 16,920 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares | 2,084 | |||||
Select Shares | 1,055 | |||||
Custodian fees | 859 | |||||
Portfolio accounting fees | 124 | |||||
Professional fees | 97 | |||||
Registration fees | 60 | |||||
Shareholder reports | 53 | |||||
Trustees’ fees | 20 | |||||
Interest expense | 2 | |||||
Other expenses | + | 68 | ||||
Total expenses | 21,342 | |||||
Expense reduction by adviser and Schwab | − | 623 | ||||
Net expenses | 20,719 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 34,006 | |||||
Net expenses | − | 20,719 | ||||
Net investment income | 13,287 | |||||
Net realized losses | (354,477 | ) | ||||
Net unrealized gains | + | 720,244 | ||||
Increase in net assets from operations | $379,054 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $13,287 | $27,078 | ||||||||
Net realized losses | (354,477 | ) | (233,170 | ) | ||||||
Net unrealized gains (losses) | + | 720,244 | (1,417,901 | ) | ||||||
Increase (Decrease) in net assets from operations | 379,054 | (1,623,993 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 37,144 | 9,137 | ||||||||
Select Shares | + | 23,588 | 6,366 | |||||||
Total distributions from net investment income | 60,732 | 15,503 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 178,846 | ||||||||
Select Shares | + | — | 99,234 | |||||||
Total distributions from net realized gains | — | 278,080 | ||||||||
Total distributions | $60,732 | $293,583 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 6,575 | $77,667 | 18,491 | $371,099 | ||||||||||||||
Select Shares | + | 10,696 | 129,842 | 15,523 | 287,578 | |||||||||||||
Total shares sold | 17,271 | $207,509 | 34,014 | $658,677 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 2,584 | $28,368 | 7,243 | $150,710 | ||||||||||||||
Select Shares | + | 1,696 | 18,609 | 4,054 | 84,409 | |||||||||||||
Total shares reinvested | 4,280 | $46,977 | 11,297 | $235,119 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (25,225 | ) | ($285,992 | ) | (36,259 | ) | ($677,223 | ) | ||||||||||
Select Shares | + | (16,356 | ) | (184,494 | ) | (22,057 | ) | (392,324 | ) | |||||||||
Total shares redeemed | (41,581 | ) | ($470,486 | ) | (58,316 | ) | ($1,069,547 | ) | ||||||||||
Net transactions in fund shares | (20,030 | ) | ($216,000 | ) | (13,005 | ) | ($175,751 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 123,744 | $1,458,258 | 136,749 | $3,551,585 | ||||||||||||||
Total increase or decrease | + | (20,030 | ) | 102,322 | (13,005 | ) | (2,093,327 | ) | ||||||||||
End of period | 103,714 | $1,560,580 | 123,744 | $1,458,258 | ||||||||||||||
Net investment income not yet distributed | $14,158 | $49,101 |
Schwab Capital Trust (organized May 7, 1993) Laudus Small-Cap MarketMasters Fund Laudus International MarketMasters Fund Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Schwab Balanced Fund Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund | Schwab Financial Services Fund Schwab International Core Equity Fund Schwab Health Care Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund-Moderate Payout Schwab Monthly Income Fund-Enhanced Payout Schwab Monthly Income Fund-Maximum Payout | |||
• | Securities traded on an exchange or over-the-counter: valued at the closing value for the day, or, on days when no closing value has been reported, halfway between the most recent bid and asked quotes. Securities that are primarily traded on foreign exchanges are valued at the closing values of such securities on their respective exchanges with these values then translated into U.S. dollars at the valuation date exchange rate. | |
• | Securities for which no quoted value is available: The Board of Trustees has adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when a security is delisted or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price or when a security’s primary trading market is closed during regular market hours. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to the procedures. |
(All dollar amounts are x 1,000)
• | International Fair Valuation: The Board of Trustees has adopted procedures to fair value foreign securities that trade in markets that close prior to when the funds value their holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, each fund seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter “arbitrage” market timers, who seek to exploit delays between the change in the value of a fund’s portfolio holdings and the net asset value of the fund’s shares, and seeks to help ensure that the prices at which the fund’s shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of a fund and that of its index or benchmark. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to these procedures. | |
• | Futures and Forwards Contracts: valued at their settlement prices as of the close of their exchanges (for futures) or at a value based on that day’s exchange rates (for forwards). | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. | |
• | Underlying funds: valued at their respective net asset values as determined by those funds in accordance with the 1940 Act for a given day. |
• | Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The fund does not adjust the quoted price for such instruments, even in situations where the fund holds a large position and a sale could reasonably impact the quoted price. | |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. |
(All dollar amounts are x 1,000)
• | Level��3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations. |
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $340,654 | $— | $— | $340,654 | ||||||||||||
Foreign Common Stock(a) | 3,475 | — | — | 3,475 | ||||||||||||
Other Investment Company | 14,335 | — | — | 14,335 | ||||||||||||
Short-Term Investment(a) | — | 600 | — | 600 | ||||||||||||
Total | $358,464 | $600 | $— | $359,064 | ||||||||||||
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments Futures Contracts* | ($334 | ) | $— | $— | ($334 | ) |
* | Futures Contracts are not included in Investments and are valued at the unrealized appreciation or depreciation. | |
(a) | As categorized in Portfolio Holdings |
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $— | $387,848 | $— | $387,848 | ||||||||||||
Australia(a) | — | 42,694 | — | 42,694 | ||||||||||||
Materials | 15,018 | 8,219 | — | 23,237 | ||||||||||||
Bahamas(a) | 1,042 | — | — | 1,042 | ||||||||||||
Bermuda(a) | 4,897 | — | — | 4,897 | ||||||||||||
Brazil(a) | 26,953 | — | — | 26,953 | ||||||||||||
Canada(a) | 92,924 | — | — | 92,924 |
(All dollar amounts are x 1,000)
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Cayman Islands(a) | — | 999 | — | 999 | ||||||||||||
Food, Beverage & Tobacco | 801 | — | — | 801 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences | 1,526 | — | — | 1,526 | ||||||||||||
China(a) | — | 22,259 | — | 22,259 | ||||||||||||
Consumer Services | 712 | — | — | 712 | ||||||||||||
Software & Services | 983 | — | — | 983 | ||||||||||||
France(a) | — | 108,712 | — | 108,712 | ||||||||||||
Food, Beverage & Tobacco | 998 | 1,460 | — | 2,458 | ||||||||||||
Germany(a) | 91,715 | 91,715 | ||||||||||||||
Materials | 5,523 | 13,984 | — | 19,507 | ||||||||||||
Utilities | 2,697 | — | — | 2,697 | ||||||||||||
Hong Kong(a) | — | 18,199 | — | 18,199 | ||||||||||||
Capital Goods | 417 | 6,548 | — | 6,965 | ||||||||||||
Consumer Durables & Apparel | 2,470 | 2,322 | — | 4,792 | ||||||||||||
Consumer Services | 783 | — | — | 783 | ||||||||||||
Ireland(a) | — | 22,008 | — | 22,008 | ||||||||||||
Capital Goods | 6,223 | — | — | 6,223 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences | 1,298 | — | — | 1,298 | ||||||||||||
Israel(a) | 1,822 | — | — | 1,822 | ||||||||||||
Luxembourg(a) | — | 395 | — | 395 | ||||||||||||
Energy | 8,468 | 1,047 | — | 9,515 | ||||||||||||
Mexico(a) | 18,520 | — | — | 18,520 | ||||||||||||
Netherlands(a) | — | 28,321 | — | 28,321 | ||||||||||||
Capital Goods | 274 | 12,436 | — | 12,710 | ||||||||||||
Energy | 14,443 | 3,259 | — | 17,702 | ||||||||||||
Food, Beverage & Tobacco | 1,821 | 4,894 | — | 6,715 | ||||||||||||
Norway(a) | — | 12,512 | — | 12,512 | ||||||||||||
Materials | 637 | — | — | 637 | ||||||||||||
Panama(a) | 596 | — | — | 596 | ||||||||||||
Peru(a) | 1,362 | — | — | 1,362 | ||||||||||||
Republic of Korea(a) | — | 9,547 | — | 9,547 | ||||||||||||
Household & Personal Products | 345 | 1,807 | — | 2,152 |
(All dollar amounts are x 1,000)
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Switzerland(a) | — | 77,785 | — | 77,785 | ||||||||||||
Capital Goods | 2,879 | 9,682 | — | 12,561 | ||||||||||||
Commercial & Professional Supplies | 895 | 12,986 | — | 13,881 | ||||||||||||
Energy | 36,422 | — | — | 36,422 | ||||||||||||
Food, Beverage & Tobacco | 12,969 | 8,110 | — | 21,079 | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences | 4,170 | 11,965 | — | 16,135 | ||||||||||||
Taiwan(a) | — | 11,326 | — | 11,326 | ||||||||||||
Health Care Equipment & Services | 476 | — | — | 476 | ||||||||||||
Thailand(a) | 537 | — | — | 537 | ||||||||||||
United Kingdom(a) | — | 102,237 | — | 102,237 | ||||||||||||
Capital Goods | 699 | 47,657 | 56 | 48,412 | ||||||||||||
Energy | 1,710 | 16,636 | — | 18,346 | ||||||||||||
Food, Beverage & Tobacco | 9,979 | 12,221 | — | 22,200 | ||||||||||||
Materials | 10,250 | 25,695 | — | 35,945 | ||||||||||||
Retailing | 11,033 | 9,337 | — | 20,370 | ||||||||||||
Software & Services | 172 | 2,808 | — | 2,980 | ||||||||||||
Technology Hardware & Equipment | 4,221 | 23,074 | — | 27,295 | ||||||||||||
United States(a) | — | 969 | — | 969 | ||||||||||||
Materials | 350 | — | — | 350 | ||||||||||||
Preferred Stock(a) | 1,044 | — | — | 1,044 | ||||||||||||
Other Investment Companies | 62,927 | — | — | 62,927 | ||||||||||||
Rights(a) | 341 | — | — | 341 | ||||||||||||
Warrants | 34 | — | — | 34 | ||||||||||||
Short-Term Investment | — | 4,850 | — | 4,850 | ||||||||||||
Corporate Bond | — | — | 131 | 131 | ||||||||||||
Total | $374,661 | $1,178,523 | $187 | $1,553,371 | ||||||||||||
Other Financial Instruments* | ||||||||||||||||
Forward Foreign Currency Contracts | $464 | — | — | $464 |
(All dollar amounts are x 1,000)
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments* | ||||||||||||||||
Futures Contracts | ($1,344 | ) | — | — | ($1,344 | ) | ||||||||||
Forward Foreign Currency Contracts | (2,154 | ) | — | — | (2,154 | ) | ||||||||||
Total | ($3,498 | ) | — | — | ($3,498 | ) | ||||||||||
* | Futures contracts and Forward Foreign Currency contracts are not included in Investments and are valued at the unrealized appreciation or depreciation. | |
(a) | As categorized in complete schedule of holdings. |
Change in | ||||||||||||||||||||||||||||
Balance as of | Accrued | Realized | Unrealized | Net | Net | Balance as of | ||||||||||||||||||||||
October 31, | Discounts | Gain | Gains | Purchases | Transfers | October 31, | ||||||||||||||||||||||
Investments in Securities | 2008 | (Premiums) | (Loss) | (Losses) | (Sales) | in/or out | 2009 | |||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||
United Kingdom | $— | $— | $— | $101 | ($45 | ) | $— | $56 | ||||||||||||||||||||
Corporate Bonds | ||||||||||||||||||||||||||||
Brazil | — | — | — | 13 | 118 | — | 131 | |||||||||||||||||||||
$— | $— | $— | $114 | $73 | $— | $187 | ||||||||||||||||||||||
(All dollar amounts are x 1,000)
(All dollar amounts are x 1,000)
Laudus | ||||||||
Laudus Small-Cap | International | |||||||
% of Average Daily Net Assets | MarketMasters Fund | MarketMasters Fund | ||||||
First $500 million | 1.17 | % | 1.29 | % | ||||
$500 million to $1 billion | 1.13 | % | 1.275 | % | ||||
over $1 billion | 1.07 | % | 1.25 | % |
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Investor Shares | 0.25 | % | 0.25 | % | ||||
Select Shares | 0.20 | % | 0.20 | % |
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Investor Shares | 0.05 | % | 0.20 | % | ||||
Select Shares | 0.05 | % | 0.15 | % |
(All dollar amounts are x 1,000)
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund* | MarketMasters Fund* | |||||||
Investor Shares | 1.46 | % | 1.65 | % | ||||
Select Shares | 1.31 | % | 1.47 | % |
* | Prior to February 28, 2009, the expense limitation of the Laudus Small-Cap MarketMasters Fund was 1.55% for Investor Shares and 1.37% for Select Shares. Prior to July 1, 2009, CSIM and Schwab had agreements with the funds to limit the total expenses charged, excluding interest, taxes and certain non-routine expenses, as listed above, only through February 27, 2011. |
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Schwab Target Funds: | ||||||||
Target 2010 | 0.3% | 0.2% | ||||||
Target 2015 | 0.1% | 0.1% | ||||||
Target 2020 | 1.3% | 0.8% | ||||||
Target 2025 | 0.2% | 0.1% | ||||||
Target 2030 | 2.2% | 0.9% | ||||||
Target 2035 | 0.2% | 0.1% | ||||||
Target 2040 | 1.9% | 0.8% | ||||||
Schwab Balanced Fund | 4.1% | —% |
Laudus Small-Cap MarketMasters Fund | $474 | |||
Laudus International MarketMasters Fund | 326 |
(All dollar amounts are x 1,000)
Purchases of Securities | Sales/Maturities of Securities | |||||||
Laudus Small-Cap MarketMasters Fund | $411,031 | $392,351 | ||||||
Laudus International MarketMasters Fund | 1,213,916 | 1,386,524 |
Asset Derivatives | Fair Value | |||
Foreign Exchange — Forward Contracts(2) | $464 | |||
Liability Derivatives | Fair Value | |||
Equity Index — Futures Contracts(1) | $1,344 | |||
Foreign Exchange — Forward Contracts(3) | 2,154 | |||
Total | $3,498 | |||
(1) | Statement of Assets & Liabilities location: Includes cumulative unrealized losses of futures contracts as reported in the schedule of portfolio holdings. Only current day’s variation margin is reported within the Statement of Assets & Liabilities. | |
(2) | Statement of Assets & Liabilities location: Unrealized gains on forward foreign currency contracts. | |
(3) | Statement of Assets & Liabilities location: Unrealized losses on forward foreign currency contracts. |
Equity Index | Foreign Exchange - | |||||||||||
Futures Contracts | Forward Contracts | Total | ||||||||||
Realized Gain(1) | $2,407 | $3,635 | $6,042 | |||||||||
Change in Appreciation/Depreciation(2) | $(1,069 | ) | $(11,000 | ) | $(12,069 | ) | ||||||
Number of Contracts | 735(3 | ) | $108,594(4 | ) |
(1) | Statement of Operations location: Net realized gains on futures contracts and foreign currency transactions. | |
(2) | Statement of Operations location: Net unrealized losses on futures contracts and foreign currency translations. | |
(3) | Amount represents number of contracts at 10/31/09. | |
(4) | Amount represents notional amount in U.S. Dollars at 10/31/09. |
(All dollar amounts are x 1,000)
Current Period | Prior Period | |||||||
(11/01/08-10/31/09) | (11/01/07-10/31/08) | |||||||
Laudus Small-Cap MarketMasters Fund | $7 | $15 | ||||||
Laudus International MarketMasters Fund | 24 | 118 |
(All dollar amounts are x 1,000)
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Undistributed ordinary income | $— | $19,246 | ||||||
Undistributed long-term capital gains | — | — | ||||||
Unrealized appreciation | 34,784 | 185,183 | ||||||
Unrealized depreciation | (21,985 | ) | (112,149 | ) | ||||
Other unrealized appreciation/(depreciation) | — | (100 | ) | |||||
Net unrealized appreciation/(depreciation) | $12,799 | $72,934 | ||||||
Laudus Small-Cap | Laudus International | |||||||
Expiration Date | MarketMasters Fund | MarketMasters Fund | ||||||
October 31, 2016 | $96,182 | $222,917 | ||||||
October 31, 2017 | 59,667 | 366,727 | ||||||
Total | $155,849 | $589,644 | ||||||
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Current period distributions | ||||||||
Ordinary income | $431 | $60,732 | ||||||
Long-term capital gains | — | — | ||||||
Prior period distributions | ||||||||
Ordinary income | $2,320 | $92,896 | ||||||
Long-term capital gains | $10,961 | $200,687 |
(All dollar amounts are x 1,000)
Laudus Small-Cap | Laudus International | |||||||
MarketMasters Fund | MarketMasters Fund | |||||||
Capital shares | ($1,919 | ) | $9 | |||||
Undistributed net investment income | 2,070 | 12,502 | ||||||
Net realized capital gains and losses | (151 | ) | (12,511 | ) |
Laudus Small-Cap MarketMasters Fund | $— | |||
Laudus International MarketMasters Fund | 58,938 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreements, including the resources of CSIM and its affiliates, and the Sub-Advisers, dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds and other types of accounts; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates, as well as the profitability of the Sub-Advisers; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreements reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
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• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
© 2009 Charles Schwab & Co., Inc. All rights reserved. Member SIPC®. Printed on recycled paper. | MFR13812-12 |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL and FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. |
SCHWAB FUNDAMENTAL INDEX FUNDS® PROSPECTUS
DATED FEBRUARY 28, 2009, AS AMENDED APRIL 20, 2009,
AS SUPPLEMENTED MAY 13, 2009, JULY 1, 2009 AND JULY 20, 2009
IS AS OF DECEMBER 14, 2009
Schwab Fundamental US Small-Mid Company Index Fund
Schwab Fundamental International Large Company Index Fund
Schwab Fundamental International Small-Mid Company Index Fund
Schwab Fundamental Emerging Markets Index Fund
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL and FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. |
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
10 | ||
12 | ||
14 | ||
16 | ||
17 | ||
51 | ||
64 | ||
66 | ||
68 | ||
71 |
Total Return for | ||
the Report Period | ||
Schwab Fundamental US Large* Company Index Fund | ||
(Ticker Symbol: SFLNX)1 | 22.04% | |
Benchmark: FTSE RAFI US 1000 Index® | 22.28% | |
Fund Category: Morningstar Large-Cap Value | 9.53% | |
Performance Details | pages 6-7 | |
Schwab Fundamental US Small-Mid* Company Index Fund | ||
(Ticker Symbol: SFSNX)1 | 26.68% | |
Benchmark: FTSE RAFI US Mid Small 1500 Index® | 28.33% | |
Fund Category: Morningstar Small-Cap Blend | 11.42% | |
Performance Details | pages 8-9 | |
Schwab Fundamental International* Large Company Index Fund | ||
(Ticker Symbol: SFNNX)2,3 | 34.89% | |
Benchmark: FTSE RAFI Developed ex US 1000 Index® | 40.09% | |
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | |
Performance Details | pages 10-11 | |
Schwab Fundamental International* Small-Mid Company Index Fund | ||
(Ticker Symbol: SFILX)2,3 | 51.19% | |
Benchmark: FTSE RAFI Developed ex US Mid Small 1500 Index | 61.42% | |
Fund Category: Morningstar Foreign Small/Mid Growth | 43.12% | |
Performance Details | pages 12-13 | |
Schwab Fundamental Emerging Markets* Index Fund | ||
(Ticker Symbol: SFENX)2,3 | 59.55% | |
Benchmark: FTSE RAFI Emerging Index® | 68.74% | |
Fund Category: Morningstar Diversified Emerging Markets | 56.15% | |
Performance Details | pages 14-15 | |
Minimum Initial Investment4 | $ 100 | |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL and FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. |
1 | On October 27, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
2 | On October 19, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
3 | The fund’s performance relative to the index may be affected by fair-value pricing, see financial note 2 for more information. |
4 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment Officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of each of the funds. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Larry Mano, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day management of each of the funds. Prior to joining the firm in November 1998, he worked for 20 years in equity management. | ||
Ron Toll, a portfolio manager of the investment adviser, is responsible for the day-to-day co-management of each of the funds. He joined the firm in 1998, became Manager, Portfolio Operations in 2000, Manager, Portfolio Operations and Analytics in 2005 and was named to his current position in 2007. |
Index Fund
Number of Holdings | 987 |
Cap ($ x 1,000,000) | $52,542 |
Price/Earnings Ratio (P/E) | -3.4 |
Price/Book Ratio (P/B) | 1.2 |
Portfolio Turnover Rate | 28% |
Financials | 34.1% |
Consumer Discretionary | 14.0% |
Industrials | 11.2% |
Information Technology | 9.2% |
Energy | 7.5% |
Consumer Staples | 6.7% |
Health Care | 6.4% |
Materials | 4.7% |
Utilities | 3.3% |
Telecommunication Services | 2.3% |
Other | 0.6% |
Total | 100.0% |
Citigroup, Inc. | 4.8% |
Bank of America Corp. | 4.5% |
General Electric Co. | 2.1% |
Ford Motor Co. | 1.9% |
JPMorgan Chase & Co. | 1.9% |
Exxon Mobil Corp. | 1.6% |
Wells Fargo & Co. | 1.4% |
Microsoft Corp. | 1.4% |
Invesco Ltd. | 1.3% |
Chevron Corp. | 1.1% |
Total | 22.0% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Fundamental US Large* Company Index Fund (4/2/07) | 22.04% | -8.37% | ||||||
Benchmark: FTSE RAFI US 1000 Index® | 22.28% | -8.30% | ||||||
Fund Category: Morningstar Large-Cap Value | 9.53% | -11.63% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On October 27, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
5 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Index Fund
Number of Holdings | 1,411 |
Cap ($ x 1,000,000) | $900 |
Price/Earnings Ratio (P/E) | -1.8 |
Price/Book Ratio (P/B) | 1.5 |
Portfolio Turnover Rate | 29% |
Consumer Discretionary | 24.7% |
Financials | 20.7% |
Industrials | 16.1% |
Information Technology | 15.2% |
Health Care | 6.3% |
Energy | 6.2% |
Materials | 6.1% |
Consumer Staples | 2.5% |
Utilities | 1.3% |
Telecommunication Services | 0.8% |
Other | 0.1% |
Total | 100.0% |
Pier 1 Imports, Inc. | 1.0% |
Valassis Communications, Inc. | 0.9% |
Modine Manufacturing Co. | 0.8% |
Air Transport Services Group, Inc. | 0.6% |
Select Comfort Corp. | 0.6% |
Newcastle Investment Corp. | 0.5% |
La-Z-Boy, Inc. | 0.5% |
Acco Brands Corp. | 0.5% |
Lee Enterprises, Inc. | 0.5% |
Ruby Tuesday, Inc. | 0.5% |
Total | 6.4% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Fundamental US Small-Mid* Company Index Fund (4/2/07) | 26.68% | -8.07% | ||||||
Benchmark: FTSE RAFI US Mid Small 1500 Index® | 28.33% | -6.90% | ||||||
Fund Category: Morningstar Small-Cap Blend | 11.42% | -12.03% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On October 27, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
5 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Number of Holdings | 1,001 |
Cap ($ x 1,000,000) | $42,037 |
Price/Earnings Ratio (P/E) | -12.4 |
Price/Book Ratio (P/B) | 1.0 |
Portfolio Turnover Rate | 82% |
Financials | 39.6% |
Consumer Discretionary | 11.6% |
Industrials | 10.1% |
Materials | 9.2% |
Energy | 7.4% |
Consumer Staples | 5.4% |
Telecommunication Services | 4.8% |
Utilities | 4.4% |
Information Technology | 3.5% |
Health Care | 3.1% |
Other | 0.9% |
Total | 100.0% |
ING Groep N.V. CVA | 2.4% |
HSBC Holdings plc | 2.0% |
Barclays plc | 1.9% |
BP plc | 1.5% |
UniCredit S.p.A. | 1.2% |
Daimler AG - Reg’d | 1.2% |
Banco Santander S.A. | 1.2% |
Axa S.A. | 1.1% |
Deutsche Bank AG - Reg’d | 1.1% |
BNP Paribas | 1.1% |
Total | 14.7% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Fundamental International* Large Company Index Fund (4/2/07) | 34.89% | -7.39% | ||||||
Benchmark: FTSE RAFI Developed ex US 1000 Index® | 40.09% | -5.59% | ||||||
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | -10.19% |
United Kingdom | 21.2% |
Japan | 13.0% |
France | 10.5% |
Germany | 9.5% |
Australia | 7.5% |
Italy | 5.1% |
Canada | 4.9% |
Switzerland | 4.5% |
Netherlands | 4.5% |
Spain | 3.7% |
Sweden | 3.1% |
Other Countries | 11.9% |
Cash and Cash Equivalents | 0.6% |
Total | 100.0% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On October 19, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
5 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Number of Holdings | 1,461 |
Cap ($ x 1,000,000) | $1,800 |
Price/Earnings Ratio (P/E) | -13.0 |
Price/Book Ratio (P/B) | 1.1 |
Portfolio Turnover Rate | 81% |
Industrials | 23.0% |
Financials | 21.1% |
Consumer Discretionary | 18.9% |
Materials | 11.4% |
Consumer Staples | 7.8% |
Information Technology | 7.6% |
Energy | 4.3% |
Health Care | 3.7% |
Utilities | 1.2% |
Telecommunication Services | 0.6% |
Other | 0.4% |
Total | 100.0% |
Pacific Brands Ltd. | 0.9% |
Lundin Mining Corp. | 0.8% |
ING Industrial Fund | 0.7% |
Trelleborg AB, B Shares | 0.6% |
Macquarie CountryWide Trust | 0.6% |
Boart Longyear Group | 0.4% |
Eniro AB | 0.4% |
Intermediate Capital Group plc | 0.4% |
SIG plc | 0.4% |
Atrium European Real Estate Ltd. | 0.4% |
Total | 5.6% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Fundamental International* Small-Mid Company Index Fund (1/31/08) | 51.19% | -3.44% | ||||||
Benchmark: FTSE RAFI Developed ex US Mid Small 1500 Index® | 61.42% | 0.73% | ||||||
Fund Category: Morningstar Foreign Small/Mid Growth | 43.12% | -12.24% |
Japan | 23.8% |
United Kingdom | 14.1% |
Australia | 10.4% |
Canada | 8.3% |
Hong Kong | 5.9% |
Germany | 3.9% |
Sweden | 3.7% |
Netherlands | 3.4% |
Switzerland | 3.4% |
France | 3.0% |
Singapore | 2.7% |
Italy | 2.5% |
Other Countries | 14.9% |
Total | 100.0% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On October 19, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
5 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Index Fund
Number of Holdings | 356 |
Cap ($ x 1,000,000) | $35,422 |
Price/Earnings Ratio (P/E) | 18.3 |
Price/Book Ratio (P/B) | 0.8 |
Portfolio Turnover Rate | 103% |
Financials | 22.9% |
Energy | 21.4% |
Materials | 16.8% |
Information Technology | 10.1% |
Industrials | 8.8% |
Consumer Discretionary | 7.5% |
Telecommunication Services | 6.2% |
Consumer Staples | 3.7% |
Utilities | 2.6% |
Total | 100.0% |
PetroChina Co., Ltd., Class H | 5.7% |
Samsung Electronics Co., Ltd. | 3.1% |
Corp., Class H | 2.7% |
Petroleo Brasileiro S.A. | 2.4% |
Bank of China Ltd., Class H | 2.1% |
Gazprom ADR - Reg’d | 2.0% |
of China Ltd., Class H | 1.9% |
Banco Itau Holding Financeira S.A. | 1.8% |
LUKOIL ADR | 1.5% |
Hyundai Motor Co. | 1.5% |
Total | 24.7% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab Fundamental Emerging Markets* Index Fund (1/31/08) | 59.55% | -4.89% | ||||||
Benchmark: FTSE RAFI Emerging Index® | 68.74% | -1.60% | ||||||
Fund Category: Morningstar Diversified Emerging Markets | 56.15% | -11.08% |
Republic of Korea | 25.3% |
China | 20.4% |
Brazil | 11.8% |
Taiwan | 10.0% |
Russia | 7.0% |
South Africa | 5.8% |
India | 5.4% |
Mexico | 5.3% |
Other Countries | 9.0% |
Total | 100.0% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On October 19, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
5 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Schwab Fundamental US Large Company Index Fund* | ||||||||||||||||
Actual Return | 0.35% | $ | 1,000 | $ | 1,282.40 | $ | 2.01 | |||||||||
Hypothetical 5% Return | 0.35% | $ | 1,000 | $ | 1,023.44 | $ | 1.79 | |||||||||
Schwab Fundamental US Small-Mid Company Index Fund* | ||||||||||||||||
Actual Return | 0.35% | $ | 1,000 | $ | 1,273.00 | $ | 2.01 | |||||||||
Hypothetical 5% Return | 0.35% | $ | 1,000 | $ | 1,023.44 | $ | 1.79 | |||||||||
Schwab Fundamental International Large Company Index Fund* | ||||||||||||||||
Actual Return | 0.35% | $ | 1,000 | $ | 1,349.10 | $ | 2.07 | |||||||||
Hypothetical 5% Return | 0.35% | $ | 1,000 | $ | 1,023.44 | $ | 1.79 | |||||||||
Schwab Fundamental International Small-Mid Company Index Fund* | ||||||||||||||||
Actual Return | 0.55% | $ | 1,000 | $ | 1,401.90 | $ | 3.33 | |||||||||
Hypothetical 5% Return | 0.55% | $ | 1,000 | $ | 1,022.43 | $ | 2.80 | |||||||||
Schwab Fundamental Emerging Markets Index Fund* | ||||||||||||||||
Actual Return | 0.60% | $ | 1,000 | $ | 1,354.10 | $ | 3.56 | |||||||||
Hypothetical 5% Return | 0.60% | $ | 1,000 | $ | 1,022.18 | $ | 3.06 |
* | Effective May 5, 2009, the net operating expense limitation was reduced. See financial note 4 for more information. |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 4/2/072– | ||||||||||
10/31/091 | 10/31/08 | 10/31/07 | ||||||||||
Per-Share Data ($) | ||||||||||||
Net asset value at beginning of period | 6.47 | 10.75 | 10.00 | |||||||||
Income (loss) from investment operations: | ||||||||||||
Net investment income (loss) | 0.10 | 0.20 | 0.05 | |||||||||
Net realized and unrealized gains (losses) | 1.26 | (4.38 | ) | 0.70 | ||||||||
Total from investment operations | 1.36 | (4.18 | ) | 0.75 | ||||||||
Less distributions: | ||||||||||||
Distributions from net investment income | (0.20 | ) | (0.09 | ) | — | |||||||
Distributions from net realized gains | — | (0.01 | ) | — | ||||||||
Total distributions | (0.20 | ) | (0.10 | ) | — | |||||||
Net asset value at end of period | 7.63 | 6.47 | 10.75 | |||||||||
Total return (%) | 22.04 | (39.22 | ) | 7.50 | 3 | |||||||
Ratios/Supplemental Data (%) | ||||||||||||
Ratios to average net assets: | ||||||||||||
Net operating expenses | 0.35 | 0.35 | 0.35 | 4 | ||||||||
Gross operating expenses | 0.53 | 0.52 | 0.60 | 4 | ||||||||
Net investment income (loss) | 1.88 | 2.19 | 1.66 | 4 | ||||||||
Portfolio turnover rate | 28 | 26 | 2 | 3 | ||||||||
Net assets, end of period ($ x 1,000,000) | 663 | 277 | 345 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .1% | Common Stock | 721,523 | 656,986 | ||||||||
0 | .4% | Other Investment Company | 2,680 | 2,680 | ||||||||
0 | .2% | Short-Term Investments | 1,261 | 1,261 | ||||||||
99 | .7% | Total Investments | 725,464 | 660,927 | ||||||||
0 | .3% | Other Assets and Liabilities, Net | 1,975 | |||||||||
100 | .0% | Net Assets | 662,902 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 99.1% of net assets | ||||||||||||
Automobiles & Components 3.3% | ||||||||||||
Ford Motor Co. * | 1,785,874 | 1.9 | 12,501 | |||||||||
Other Securities | 1.4 | 9,163 | ||||||||||
3.3 | 21,664 | |||||||||||
Banks 4.6% | ||||||||||||
Fifth Third Bancorp | 406,390 | 0.6 | 3,633 | |||||||||
U.S. Bancorp | 127,300 | 0.5 | 2,956 | |||||||||
Wells Fargo & Co. | 330,825 | 1.4 | 9,104 | |||||||||
Other Securities | 2.1 | 14,677 | ||||||||||
4.6 | 30,370 | |||||||||||
Capital Goods 7.6% | ||||||||||||
Caterpillar, Inc. | 45,545 | 0.4 | 2,508 | |||||||||
General Electric Co. | 980,225 | 2.1 | 13,978 | |||||||||
United Technologies Corp. | 34,215 | 0.3 | 2,102 | |||||||||
Other Securities | 4.8 | 32,013 | ||||||||||
7.6 | 50,601 | |||||||||||
Commercial & Professional Supplies 0.6% | ||||||||||||
Other Securities | 0.6 | 4,262 | ||||||||||
Consumer Durables & Apparel 1.7% | ||||||||||||
Other Securities | 1.7 | 11,326 | ||||||||||
Consumer Services 1.1% | ||||||||||||
Other Securities | 1.1 | 7,588 | ||||||||||
Diversified Financials 20.4% | ||||||||||||
American Express Co. | 127,725 | 0.7 | 4,450 | |||||||||
Bank of America Corp. | 2,027,760 | 4.5 | 29,565 | |||||||||
Capital One Financial Corp. | 105,410 | 0.6 | 3,858 | |||||||||
Citigroup, Inc. | 7,772,235 | 4.8 | 31,788 | |||||||||
Invesco Ltd. | 394,000 | 1.3 | 8,333 | |||||||||
JPMorgan Chase & Co. | 293,142 | 1.8 | 12,245 | |||||||||
Morgan Stanley | 156,635 | 0.8 | 5,031 | |||||||||
The Charles Schwab Corp. (b) | 58,915 | 0.2 | 1,022 | |||||||||
The Goldman Sachs Group, Inc. | 33,211 | 0.9 | 5,651 | |||||||||
Other Securities | 4.8 | 33,342 | ||||||||||
20.4 | 135,285 | |||||||||||
Energy 7.5% | ||||||||||||
Chevron Corp. | 93,005 | 1.1 | 7,119 | |||||||||
ConocoPhillips | 107,910 | 0.8 | 5,415 | |||||||||
Exxon Mobil Corp. | 145,370 | 1.6 | 10,419 | |||||||||
Other Securities | 4.0 | 26,621 | ||||||||||
7.5 | 49,574 | |||||||||||
Food & Staples Retailing 2.0% | ||||||||||||
Wal-Mart Stores, Inc. | 96,125 | 0.7 | 4,776 | |||||||||
Other Securities | 1.3 | 8,790 | ||||||||||
2.0 | 13,566 | |||||||||||
Food, Beverage & Tobacco 3.5% | ||||||||||||
Altria Group, Inc. | 200,280 | 0.6 | 3,627 | |||||||||
The Coca-Cola Co. | 44,865 | 0.4 | 2,392 | |||||||||
Other Securities | 2.5 | 16,960 | ||||||||||
3.5 | 22,979 | |||||||||||
Health Care Equipment & Services 3.2% | ||||||||||||
Other Securities | 3.2 | 21,513 | ||||||||||
Household & Personal Products 1.2% | ||||||||||||
The Procter & Gamble Co. | 77,195 | 0.7 | 4,477 | |||||||||
Other Securities | 0.5 | 3,140 | ||||||||||
1.2 | 7,617 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Insurance 7.1% | ||||||||||||
American International Group, Inc. * | 115,080 | 0.6 | 3,869 | |||||||||
Berkshire Hathaway, Inc., Class A * | 33 | 0.5 | 3,267 | |||||||||
Genworth Financial, Inc., Class A * | 491,900 | 0.8 | 5,224 | |||||||||
MetLife, Inc. | 79,805 | 0.4 | 2,716 | |||||||||
Prudential Financial, Inc. | 74,240 | 0.5 | 3,358 | |||||||||
The Hartford Financial Services Group, Inc. | 212,410 | 0.8 | 5,208 | |||||||||
Other Securities | 3.5 | 23,101 | ||||||||||
7.1 | 46,743 | |||||||||||
Materials 4.7% | ||||||||||||
Alcoa, Inc. | 170,205 | 0.3 | 2,114 | |||||||||
International Paper Co. | 109,595 | 0.4 | 2,445 | |||||||||
The Dow Chemical Co. | 264,000 | 0.9 | 6,199 | |||||||||
Other Securities | 3.1 | 20,470 | ||||||||||
4.7 | 31,228 | |||||||||||
Media 3.6% | ||||||||||||
CBS Corp., Class B | 208,990 | 0.4 | 2,460 | |||||||||
The Walt Disney Co. | 85,450 | 0.4 | 2,339 | |||||||||
Time Warner, Inc. | 104,288 | 0.5 | 3,141 | |||||||||
Other Securities | 2.3 | 16,238 | ||||||||||
3.6 | 24,178 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 3.1% | ||||||||||||
Johnson & Johnson | 56,095 | 0.5 | 3,312 | |||||||||
Merck & Co., Inc. * | 83,915 | 0.4 | 2,596 | |||||||||
Pfizer, Inc. | 361,699 | 1.0 | 6,160 | |||||||||
Other Securities | 1.2 | 8,476 | ||||||||||
3.1 | 20,544 | |||||||||||
Real Estate 2.0% | ||||||||||||
Other Securities | 2.0 | 12,977 | ||||||||||
Retailing 4.2% | ||||||||||||
Target Corp. | 43,395 | 0.3 | 2,102 | |||||||||
The Home Depot, Inc. | 92,996 | 0.4 | 2,333 | |||||||||
Other Securities | 3.5 | 23,295 | ||||||||||
4.2 | 27,730 | |||||||||||
Semiconductors & Semiconductor Equipment 1.4% | ||||||||||||
Intel Corp. | 197,710 | 0.6 | 3,778 | |||||||||
Other Securities | 0.8 | 5,252 | ||||||||||
1.4 | 9,030 | |||||||||||
Software & Services 3.2% | ||||||||||||
Microsoft Corp. | 323,315 | 1.4 | 8,966 | |||||||||
Other Securities | 1.8 | 12,541 | ||||||||||
3.2 | 21,507 | |||||||||||
Technology Hardware & Equipment 4.6% | ||||||||||||
Apple, Inc. * | 11,165 | 0.3 | 2,105 | |||||||||
Cisco Systems, Inc. * | 128,565 | 0.4 | 2,938 | |||||||||
Hewlett-Packard Co. | 82,275 | 0.6 | 3,905 | |||||||||
International Business Machines Corp. | 29,095 | 0.5 | 3,509 | |||||||||
Motorola, Inc. | 269,520 | 0.4 | 2,310 | |||||||||
Other Securities | 2.4 | 15,905 | ||||||||||
4.6 | 30,672 | |||||||||||
Telecommunication Services 2.3% | ||||||||||||
AT&T, Inc. | 249,685 | 1.0 | 6,409 | |||||||||
Verizon Communications, Inc. | 161,930 | 0.7 | 4,792 | |||||||||
Other Securities | 0.6 | 4,020 | ||||||||||
2.3 | 15,221 | |||||||||||
Transportation 2.9% | ||||||||||||
Avis Budget Group, Inc. * | 791,790 | 1.0 | 6,651 | |||||||||
Other Securities | 1.9 | 12,606 | ||||||||||
2.9 | 19,257 | |||||||||||
Utilities 3.3% | ||||||||||||
Other Securities | 3.3 | 21,554 | ||||||||||
Total Common Stock (Cost $721,523) | 656,986 | |||||||||||
Other Investment Company 0.4% of net assets | ||||||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 2,680,232 | 0.4 | 2,680 | |||||||||
Total Other Investment Company (Cost $2,680) | 2,680 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 0.2% of net assets | ||||||||||||
U.S. Treasury Obligations 0.2% | ||||||||||||
Other Securities | 0.2 | 1,261 | ||||||||||
Total Short-Term Investment (Cost $1,261) | 1,261 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. Please see complete schedule of holdings. | |
(b) | Issuer is affiliated with the fund’s adviser. |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 90 | 4,649 | (103 | ) |
Assets | ||||||
Investments, at value (cost $725,464) | $660,927 | |||||
Receivables: | ||||||
Fund shares sold | 2,780 | |||||
Dividends | 571 | |||||
Foreign tax reclaims | 10 | |||||
Interest | 2 | |||||
Prepaid expense | + | 7 | ||||
Total assets | 664,297 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 7 | |||||
Shareholder services fees to affiliate | 58 | |||||
Fund shares redeemed | 1,142 | |||||
Due to brokers for futures | 129 | |||||
Payable to custodian | 2 | |||||
Accrued expenses | + | 57 | ||||
Total liabilities | 1,395 | |||||
Net Assets | ||||||
Total assets | 664,297 | |||||
Total liabilities | − | 1,395 | ||||
Net assets | $662,902 | |||||
Net Assets by Source | ||||||
Capital received from investors | 850,053 | |||||
Net investment income not yet distributed | 5,965 | |||||
Net realized capital losses | (128,476 | ) | ||||
Net unrealized capital losses | (64,640 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$662,902 | 86,905 | $7.63 |
Investment Income | ||||||
Dividends (including $4 from affiliated issuer and net of foreign withholding tax of $7) | $9,377 | |||||
Interest | + | 22 | ||||
Total Investment Income | 9,399 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on unaffiliated issuers | (73,486 | ) | ||||
Net realized losses on affiliated issuers | (32 | ) | ||||
Net realized gains on futures contracts | + | 406 | ||||
Net realized losses | (73,112 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 135,889 | |||||
Net unrealized losses on affiliated issuers | (72 | ) | ||||
Net unrealized losses on futures contracts | + | (165 | ) | |||
Net unrealized gains | 135,652 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,214 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 70 | |||||
Select Shares1 | 62 | |||||
Institutional Shares | 335 | |||||
FTSE RAFI Index fees | 262 | |||||
Registration fees | 81 | |||||
Portfolio accounting fees | 52 | |||||
Professional fees | 46 | |||||
Shareholder reports | 25 | |||||
Custodian fees | 23 | |||||
Trustees’ fees | 9 | |||||
Interest expense | 4 | |||||
Other expenses | + | 10 | ||||
Total expenses | 2,193 | |||||
Expense reduction by adviser and Schwab | − | 687 | ||||
Net expenses | 1,506 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 9,399 | |||||
Net expenses | − | 1,506 | ||||
Net investment income | 7,893 | |||||
Net realized losses | (73,112 | ) | ||||
Net unrealized gains | + | 135,652 | ||||
Increase in net assets from operations | $70,433 |
1 | Effective October 27, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $7,893 | $11,283 | ||||||||
Net realized losses | (73,112 | ) | (55,426 | ) | ||||||
Net unrealized gains (losses) | + | 135,652 | (206,556 | ) | ||||||
Increase (Decrease) in net assets from operations | 70,433 | (250,699 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 1,139 | 352 | ||||||||
Select Shares | 1,941 | 824 | ||||||||
Institutional Shares | + | 8,172 | 3,041 | |||||||
Total distributions from net investment income | 11,252 | 4,217 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 42 | ||||||||
Select Shares | — | 90 | ||||||||
Institutional Shares | + | — | 317 | |||||||
Total distributions from net realized gains | — | 449 | ||||||||
Total distributions | $11,252 | $4,666 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 2,963 | $18,268 | 4,835 | $42,547 | ||||||||||||||
Select Shares | 3,318 | 20,222 | 8,415 | 76,537 | ||||||||||||||
Institutional Shares | + | 73,380 | 519,704 | 34,654 | 315,247 | |||||||||||||
Total shares sold | 79,661 | $558,194 | 47,904 | $434,331 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 166 | $961 | 35 | $350 | ||||||||||||||
Select Shares | 284 | 1,637 | 80 | 813 | ||||||||||||||
Institutional Shares | + | 848 | 4,901 | 214 | 2,174 | |||||||||||||
Total shares reinvested | 1,298 | $7,499 | 329 | $3,337 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (9,805 | ) | ($67,751 | ) | (2,588 | ) | ($22,633 | ) | ||||||||||
Select Shares | (14,010 | ) | (101,387 | ) | (7,513 | ) | (66,082 | ) | ||||||||||
Institutional Shares | + | (30,161 | ) | (180,092 | ) | (24,136 | ) | (199,856 | ) | |||||||||
Total shares redeemed | (53,976 | ) | ($349,230 | ) | (34,237 | ) | ($288,571 | ) | ||||||||||
Net transactions in fund shares | 26,983 | $216,463 | 13,996 | $149,097 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 59,922 | $387,258 | 45,926 | $493,526 | ||||||||||||||
Total increase or decrease | + | 26,983 | 275,644 | 13,996 | (106,268 | ) | ||||||||||||
End of period | 86,905 | $662,902 | 59,922 | $387,258 | ||||||||||||||
Net investment income not yet distributed | $5,965 | $9,171 |
1 | Effective October 27, 2009, all outstanding Investor Shares (5,493 shares valued at $43,309) and Select Shares (9,594 shares valued $75,688 ) combined with Institutional Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 4/2/072– | ||||||||||
10/31/091 | 10/31/08 | 10/31/07 | ||||||||||
Per-Share Data ($) | ||||||||||||
Net asset value at beginning of period | 6.30 | 10.36 | 10.00 | |||||||||
Income (loss) from investment operations: | ||||||||||||
Net investment income (loss) | 0.06 | 0.05 | 0.05 | |||||||||
Net realized and unrealized gains (losses) | 1.59 | (4.04 | ) | 0.31 | ||||||||
Total from investment operations | 1.65 | (3.99 | ) | 0.36 | ||||||||
Less distributions: | ||||||||||||
Distributions from net investment income | (0.07 | ) | (0.06 | ) | — | |||||||
Distributions from net realized gains | — | (0.01 | ) | — | ||||||||
Total distributions | (0.07 | ) | (0.07 | ) | — | |||||||
Net asset value at end of period | 7.88 | 6.30 | 10.36 | |||||||||
Total return (%) | 26.68 | (38.73 | ) | 3.60 | 3 | |||||||
Ratios/Supplemental Data (%) | ||||||||||||
Ratios to average net assets: | ||||||||||||
Net operating expenses | 0.35 | 0.35 | 0.35 | 4 | ||||||||
Gross operating expenses | 0.60 | 0.71 | 0.89 | 4 | ||||||||
Net investment income (loss) | 1.00 | 1.44 | 1.36 | 4 | ||||||||
Portfolio turnover rate | 29 | 37 | 4 | 3 | ||||||||
Net assets, end of period ($ x 1,000,000) | 298 | 131 | 33 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .2% | Common Stock | 264,049 | 295,665 | ||||||||
0 | .2% | Other Investment Company | 474 | 474 | ||||||||
—% | Rights | — | — | |||||||||
0 | .2% | Short-Term Investment | 535 | 535 | ||||||||
99 | .6% | Total Investments | 265,058 | 296,674 | ||||||||
0 | .4% | Other Assets and Liabilities, Net | 1,244 | |||||||||
100 | .0% | Net Assets | 297,918 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 99.2% of net assets | ||||||||||||
Automobiles & Components 1.5% | ||||||||||||
Modine Manufacturing Co. | 222,155 | 0.8 | 2,288 | |||||||||
Other Securities | 0.7 | 2,181 | ||||||||||
1.5 | 4,469 | |||||||||||
Banks 5.9% | ||||||||||||
Flagstar Bancorp, Inc. * | 758,504 | 0.2 | 683 | |||||||||
Other Securities | 5.7 | 16,824 | ||||||||||
5.9 | 17,507 | |||||||||||
Capital Goods 8.2% | ||||||||||||
Commercial Vehicle Group, Inc. * | 167,660 | 0.3 | 793 | |||||||||
NACCO Industries, Inc., Class A | 11,540 | 0.2 | 688 | |||||||||
Other Securities | 7.7 | 22,951 | ||||||||||
8.2 | 24,432 | |||||||||||
Commercial & Professional Supplies 4.6% | ||||||||||||
Acco Brands Corp. * | 242,545 | 0.4 | 1,470 | |||||||||
Spherion Corp. * | 176,510 | 0.2 | 874 | |||||||||
Other Securities | 4.0 | 11,405 | ||||||||||
4.6 | 13,749 | |||||||||||
Consumer Durables & Apparel 5.4% | ||||||||||||
American Greetings Corp., Class A | 62,100 | 0.4 | 1,263 | |||||||||
La-Z-Boy, Inc. | 220,620 | 0.5 | 1,566 | |||||||||
Oxford Industries, Inc. | 37,830 | 0.2 | 732 | |||||||||
Tupperware Brands Corp. | 18,480 | 0.3 | 832 | |||||||||
Other Securities | 4.0 | 11,786 | ||||||||||
5.4 | 16,179 | |||||||||||
Consumer Services 4.6% | ||||||||||||
Ruby Tuesday, Inc. * | 200,050 | 0.5 | 1,332 | |||||||||
Other Securities | 4.1 | 12,315 | ||||||||||
4.6 | 13,647 | |||||||||||
Diversified Financials 4.3% | ||||||||||||
Advance America Cash Advance Centers, Inc. | 148,495 | 0.3 | 734 | |||||||||
MCG Capital Corp. * | 299,555 | 0.4 | 1,195 | |||||||||
Other Securities | 3.6 | 10,814 | ||||||||||
4.3 | 12,743 | |||||||||||
Energy 6.1% | ||||||||||||
Atlas Energy, Inc. | 29,796 | 0.3 | 780 | |||||||||
Brigham Exploration Co. * | 89,935 | 0.3 | 854 | |||||||||
Swift Energy Co. * | 39,105 | 0.3 | 828 | |||||||||
Other Securities | 5.2 | 15,867 | ||||||||||
6.1 | 18,329 | |||||||||||
Food & Staples Retailing 0.5% | ||||||||||||
Other Securities | 0.5 | 1,546 | ||||||||||
Food, Beverage & Tobacco 1.5% | ||||||||||||
Central European Distribution Corp. * | 34,300 | 0.4 | 1,067 | |||||||||
Other Securities | 1.1 | 3,369 | ||||||||||
1.5 | 4,436 | |||||||||||
Health Care Equipment & Services 4.5% | ||||||||||||
Emergency Medical Services Corp., Class A * | 16,080 | 0.3 | 772 | |||||||||
Other Securities | 4.2 | 12,685 | ||||||||||
4.5 | 13,457 | |||||||||||
Household & Personal Products 0.5% | ||||||||||||
Other Securities | 0.5 | 1,438 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Insurance 3.0% | ||||||||||||
Assured Guaranty Ltd. | 53,605 | 0.3 | 889 | |||||||||
FBL Financial Group, Inc., Class A | 43,200 | 0.3 | 870 | |||||||||
Other Securities | 2.4 | 7,167 | ||||||||||
3.0 | 8,926 | |||||||||||
Materials 6.0% | ||||||||||||
Century Aluminum Co. * | 86,435 | 0.3 | 749 | |||||||||
Clearwater Paper Corp. * | 16,480 | 0.3 | 746 | |||||||||
Ferro Corp. | 169,530 | 0.4 | 1,039 | |||||||||
Solutia, Inc. * | 65,840 | 0.2 | 724 | |||||||||
W.R. Grace & Co. * | 45,305 | 0.3 | 992 | |||||||||
Other Securities | 4.5 | 13,659 | ||||||||||
6.0 | 17,909 | |||||||||||
Media 4.3% | ||||||||||||
Lee Enterprises, Inc. * | 462,050 | 0.5 | 1,409 | |||||||||
LIN TV Corp., Class A * | 228,333 | 0.3 | 895 | |||||||||
Media General, Inc., Class A | 123,070 | 0.4 | 1,020 | |||||||||
Valassis Communications, Inc. * | 149,985 | 0.9 | 2,734 | |||||||||
Other Securities | 2.2 | 6,837 | ||||||||||
4.3 | 12,895 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.7% | ||||||||||||
K-V Pharmaceutical Co., Class A * | 236,064 | 0.3 | 897 | |||||||||
Other Securities | 1.4 | 4,265 | ||||||||||
1.7 | 5,162 | |||||||||||
Real Estate 7.4% | ||||||||||||
Ashford Hospitality Trust * | 241,785 | 0.3 | 928 | |||||||||
FelCor Lodging Trust, Inc. * | 317,550 | 0.3 | 1,000 | |||||||||
Forest City Enterprises, Inc., Class A | 80,060 | 0.2 | 698 | |||||||||
LaSalle Hotel Properties | 54,340 | 0.3 | 932 | |||||||||
Newcastle Investment Corp. * | 840,950 | 0.5 | 1,615 | |||||||||
Sunstone Hotel Investors, Inc. * | 149,115 | 0.4 | 1,126 | |||||||||
Other Securities | 5.4 | 15,738 | ||||||||||
7.4 | 22,037 | |||||||||||
Retailing 8.7% | ||||||||||||
Brown Shoe Co., Inc. | 71,942 | 0.3 | 746 | |||||||||
Lithia Motors, Inc., Class A | 97,535 | 0.3 | 813 | |||||||||
Pacific Sunwear of California, Inc. * | 157,130 | 0.3 | 949 | |||||||||
Pier 1 Imports, Inc. * | 814,385 | 1.0 | 2,867 | |||||||||
Retail Ventures, Inc. * | 114,400 | 0.2 | 733 | |||||||||
Select Comfort Corp. * | 301,270 | 0.6 | 1,648 | |||||||||
Stein Mart, Inc. * | 108,215 | 0.3 | 1,028 | |||||||||
The Bon-Ton Stores, Inc. | 90,111 | 0.3 | 834 | |||||||||
Tween Brands, Inc. * | 113,185 | 0.3 | 960 | |||||||||
Other Securities | 5.1 | 15,200 | ||||||||||
8.7 | 25,778 | |||||||||||
Semiconductors & Semiconductor Equipment 3.8% | ||||||||||||
Entegris, Inc. * | 280,945 | 0.3 | 1,056 | |||||||||
RF Micro Devices, Inc. * | 264,945 | 0.3 | 1,054 | |||||||||
Other Securities | 3.2 | 9,331 | ||||||||||
3.8 | 11,441 | |||||||||||
Software & Services 5.4% | ||||||||||||
TNS, Inc. * | 30,095 | 0.3 | 850 | |||||||||
Other Securities | 5.1 | 15,322 | ||||||||||
5.4 | 16,172 | |||||||||||
Technology Hardware & Equipment 5.9% | ||||||||||||
Technitrol, Inc. | 106,310 | 0.3 | 828 | |||||||||
Other Securities | 5.6 | 16,637 | ||||||||||
5.9 | 17,465 | |||||||||||
Telecommunication Services 0.9% | ||||||||||||
Other Securities | 0.9 | 2,670 | ||||||||||
Transportation 3.2% | ||||||||||||
Air Transport Services Group, Inc. * | 680,630 | 0.6 | 1,763 | |||||||||
Other Securities | 2.6 | 7,724 | ||||||||||
3.2 | 9,487 | |||||||||||
Utilities 1.3% | ||||||||||||
Other Securities | 1.3 | 3,791 | ||||||||||
Total Common Stock (Cost $264,049) | 295,665 | |||||||||||
Other Investment Company 0.2% of net assets | ||||||||||||
Other Securities | 0.2 | 474 | ||||||||||
Total Other Investment Company (Cost $474) | 474 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Real Estate 0.0% | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Rights (Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investment 0.2% of net assets | ||||||||||||
U.S. Treasury Obligation 0.2% | ||||||||||||
Other Securities | 0.2 | 535 | ||||||||||
Total Short-Term Investment (Cost $535) | 535 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. Please see complete schedule of holdings. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. | |
(c) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. Please see complete schedule of holdings. |
CDI | — CHESS Depositary Interest. Please see complete schedule of holdings. | |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 10 | 562 | (39 | ) |
Assets | ||||||
Investments, at value (cost $265,058) | $296,674 | |||||
Cash | 580 | |||||
Fund shares sold | 828 | |||||
Dividends | 123 | |||||
Prepaid expenses | + | 4 | ||||
Total assets | 298,209 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 32 | |||||
Shareholder services fees to affiliate | 12 | |||||
Fund shares redeemed | 161 | |||||
Due to brokers for futures | 15 | |||||
Accrued expenses | + | 71 | ||||
Total liabilities | 291 | |||||
Net Assets | ||||||
Total assets | 298,209 | |||||
Total liabilities | − | 291 | ||||
Net assets | $297,918 | |||||
Net Assets by Source | ||||||
Capital received from investors | 289,884 | |||||
Net investment income not yet distributed | 1,533 | |||||
Net realized capital losses | (25,076 | ) | ||||
Net unrealized gains | 31,577 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$297,918 | 37,822 | $7.88 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $2) | $2,903 | |||||
Interest | + | 14 | ||||
Total investment income | 2,917 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (20,833 | ) | ||||
Net realized losses on foreign currency transactions | (3 | ) | ||||
Net realized gains on futures contracts | + | 1,044 | ||||
Net realized losses | (19,792 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 78,228 | |||||
Net unrealized losses on futures contracts | + | (251 | ) | |||
Net unrealized gains | 77,977 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 627 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 40 | |||||
Select Shares1 | 23 | |||||
Institutional Shares | 183 | |||||
FTSE RAFI Index fees | 133 | |||||
Shareholder reports | 70 | |||||
Portfolio accounting fees | 54 | |||||
Registration fees | 50 | |||||
Professional fees | 45 | |||||
Custodian fees | 34 | |||||
Trustees’ fees | 7 | |||||
Interest expense | 1 | |||||
Other expenses | + | 5 | ||||
Total expenses | 1,272 | |||||
Expense reduction by adviser and Schwab | − | 517 | ||||
Net expenses | 755 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 2,917 | |||||
Net expenses | − | 755 | ||||
Net investment income | 2,162 | |||||
Net realized losses | (19,792 | ) | ||||
Net unrealized gains | + | 77,977 | ||||
Increase in net assets from operations | $60,347 |
1 | Effective October 27, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $2,162 | $1,428 | ||||||||
Net realized losses | (19,792 | ) | (5,388 | ) | ||||||
Net unrealized gains (losses) | + | 77,977 | (46,629 | ) | ||||||
Increase (Decrease) in net assets from operations | 60,347 | (50,589 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 190 | 128 | ||||||||
Select Shares | 200 | 189 | ||||||||
Institutional Shares | + | 1,400 | 206 | |||||||
Total distributions from net investment income | 1,790 | 523 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 22 | ||||||||
Select Shares | — | 28 | ||||||||
Institutional Shares | + | — | 29 | |||||||
Total distributions from net realized gains | - | 79 | ||||||||
Total distributions | $1,790 | $602 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 1,351 | $8,333 | 2,817 | $24,591 | ||||||||||||||
Select Shares | 1,948 | 12,353 | 3,446 | 30,642 | ||||||||||||||
Institutional Shares | + | 29,241 | 195,818 | 21,311 | 152,362 | |||||||||||||
Total shares sold | 32,540 | $216,504 | 27,574 | $207,595 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 27 | $151 | 14 | $130 | ||||||||||||||
Select Shares | 28 | 155 | 19 | 187 | ||||||||||||||
Institutional Shares | + | 64 | 351 | 20 | 188 | |||||||||||||
Total shares reinvested | 119 | $657 | 53 | $505 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (5,157 | ) | ($36,745 | ) | (1,491 | ) | ($12,873 | ) | ||||||||||
Select Shares | (5,299 | ) | (39,975 | ) | (2,838 | ) | (24,773 | ) | ||||||||||
Institutional Shares | + | (12,300 | ) | (76,790 | ) | (3,721 | ) | (29,895 | ) | |||||||||
Total shares redeemed | (22,756 | ) | ($153,510 | ) | (8,050 | ) | ($67,541 | ) | ||||||||||
Net transactions in fund shares | 9,903 | $63,651 | 19,577 | $140,559 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 27,919 | $175,710 | 8,342 | $86,342 | ||||||||||||||
Total increase | + | 9,903 | 122,208 | 19,577 | 89,368 | |||||||||||||
End of period | 37,822 | $297,918 | 27,919 | $175,710 | ||||||||||||||
Net investment income not yet distributed | $1,533 | $1,189 |
1 | Effective October 27, 2009, all outstanding Investor Shares (3,029 shares valued at $25,065) and Select Shares (3,786 shares valued $31,356) combined with Institutional Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 4/2/072– | ||||||||||
10/31/091 | 10/31/08 | 10/31/07 | ||||||||||
Per-Share Data ($) | ||||||||||||
Net asset value at beginning of period | 6.01 | 11.40 | 10.00 | |||||||||
Income (loss) from investment operations: | ||||||||||||
Net investment income (loss) | 0.16 | 0.28 | 0.08 | |||||||||
Net realized and unrealized gains (losses) | 1.81 | (5.56 | ) | 1.32 | ||||||||
Total from investment operations | 1.97 | (5.28 | ) | 1.40 | ||||||||
Less distributions: | ||||||||||||
Distributions from net investment income | (0.29 | ) | (0.09 | ) | — | |||||||
Distributions from net realized gains | — | (0.02 | ) | — | ||||||||
Total distributions | (0.29 | ) | (0.11 | ) | — | |||||||
Net asset value at end of period | 7.69 | 6.01 | 11.40 | |||||||||
Total return (%) | 34.89 | (46.70 | ) | 14.00 | 3 | |||||||
Ratios/Supplemental Data (%) | ||||||||||||
Ratios to average net assets: | ||||||||||||
Net operating expenses | 0.35 | 0.35 | 0.36 | 4,5 | ||||||||
Gross operating expenses | 0.76 | 0.74 | 1.28 | 4 | ||||||||
Net investment income (loss) | 2.80 | 3.41 | 2.30 | 4 | ||||||||
Portfolio turnover rate | 82 | 74 | 50 | 3 | ||||||||
Net assets, end of period ($ x 1,000,000) | 253 | 145 | 166 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .6% | Common Stock | 256,244 | 249,719 | ||||||||
0 | .3% | Other Investment Companies | 681 | 738 | ||||||||
0 | .6% | Preferred Stock | 1,918 | 1,489 | ||||||||
0 | .1% | Rights | 73 | 189 | ||||||||
—% | Warrants | 2 | 2 | |||||||||
0 | .6% | Short-Term Investment | 1,411 | 1,411 | ||||||||
100 | .2% | Total Investments | 260,329 | 253,548 | ||||||||
(0 | .2)% | Other Assets and Liabilities, Net | (466 | ) | ||||||||
100 | .0% | Net Assets | 253,082 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 98.6% of net assets | ||||||||||||
Australia 7.5% | ||||||||||||
Australia & New Zealand Banking Group Ltd. | 53,071 | 0.4 | 1,082 | |||||||||
BHP Billiton Ltd. | 43,350 | 0.6 | 1,422 | |||||||||
Commonwealth Bank of Australia | 27,395 | 0.5 | 1,266 | |||||||||
FKP Property Group | 1,960,557 | 0.5 | 1,208 | |||||||||
National Australia Bank Ltd. | 52,537 | 0.5 | 1,388 | |||||||||
Other Securities | 5.0 | 12,606 | ||||||||||
7.5 | 18,972 | |||||||||||
Austria 0.7% | ||||||||||||
Other Securities | 0.7 | 1,722 | ||||||||||
Belgium 1.9% | ||||||||||||
Fortis * | 459,347 | 0.8 | 1,986 | |||||||||
Other Securities | 1.1 | 2,726 | ||||||||||
1.9 | 4,712 | |||||||||||
Canada 4.9% | ||||||||||||
Royal Bank of Canada | 21,522 | 0.4 | 1,090 | |||||||||
Other Securities | 4.5 | 11,263 | ||||||||||
4.9 | 12,353 | |||||||||||
Denmark 0.7% | ||||||||||||
Other Securities | 0.7 | 1,893 | ||||||||||
Finland 1.2% | ||||||||||||
Other Securities | 1.2 | 2,954 | ||||||||||
France 10.5% | ||||||||||||
AXA S.A. | 116,005 | 1.1 | 2,885 | |||||||||
BNP Paribas | 36,067 | 1.1 | 2,717 | |||||||||
Renault S.A. * | 25,305 | 0.5 | 1,132 | |||||||||
Societe Generale | 30,758 | 0.8 | 2,043 | |||||||||
Total S.A. | 40,038 | 1.0 | 2,396 | |||||||||
Other Securities | 6.0 | 15,416 | ||||||||||
10.5 | 26,589 | |||||||||||
Germany 9.0% | ||||||||||||
Allianz SE - Reg’d | 17,302 | 0.8 | 1,983 | |||||||||
BASF SE | 23,688 | 0.5 | 1,268 | |||||||||
Commerzbank AG * | 108,177 | 0.4 | 1,127 | |||||||||
Daimler AG - Reg’d | 62,370 | 1.2 | 3,030 | |||||||||
Deutsche Bank AG - Reg’d | 37,590 | 1.1 | 2,731 | |||||||||
Deutsche Telekom AG - Reg’d | 82,490 | 0.4 | 1,127 | |||||||||
E.ON AG | 43,924 | 0.7 | 1,683 | |||||||||
Siemens AG - Reg’d | 15,632 | 0.6 | 1,413 | |||||||||
Other Securities | 3.3 | 8,540 | ||||||||||
9.0 | 22,902 | |||||||||||
Greece 0.7% | ||||||||||||
Other Securities | 0.7 | 1,743 | ||||||||||
Hong Kong 2.0% | ||||||||||||
Other Securities | 2.0 | 5,003 | ||||||||||
Ireland 1.8% | ||||||||||||
Allied Irish Banks plc * | 430,547 | 0.5 | 1,189 | |||||||||
The Governor and Company of the Bank of Ireland * | 733,688 | 0.7 | 1,840 | |||||||||
Other Securities | 0.6 | 1,517 | ||||||||||
1.8 | 4,546 | |||||||||||
Israel 0.3% | ||||||||||||
Other Securities | 0.3 | 652 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Italy 5.1% | ||||||||||||
Assicurazioni Generali S.p.A. | 43,860 | 0.4 | 1,104 | |||||||||
Enel S.p.A. | 203,047 | 0.5 | 1,208 | |||||||||
Eni S.p.A. | 57,910 | 0.6 | 1,434 | |||||||||
Intesa Sanpaolo * | 272,129 | 0.5 | 1,145 | |||||||||
UniCredit S.p.A. * | 920,933 | 1.2 | 3,085 | |||||||||
Other Securities | 1.9 | 5,056 | ||||||||||
5.1 | 13,032 | |||||||||||
Japan 13.0% | ||||||||||||
Toyota Motor Corp. | 43,400 | 0.7 | 1,713 | |||||||||
Other Securities | 12.3 | 31,194 | ||||||||||
13.0 | 32,907 | |||||||||||
Luxembourg 0.4% | ||||||||||||
Other Securities | 0.4 | 1,019 | ||||||||||
Netherlands 4.5% | ||||||||||||
ING Groep N.V. CVA * | 464,063 | 2.4 | 6,039 | |||||||||
Other Securities | 2.1 | 5,244 | ||||||||||
4.5 | 11,283 | |||||||||||
New Zealand 0.1% | ||||||||||||
Other Securities | 0.1 | 252 | ||||||||||
Norway 0.9% | ||||||||||||
Other Securities | 0.9 | 2,377 | ||||||||||
Portugal 0.3% | ||||||||||||
Other Securities | 0.3 | 794 | ||||||||||
Republic of Korea 0.0% | ||||||||||||
Other Securities | 0.0 | 43 | ||||||||||
Singapore 0.6% | ||||||||||||
Other Securities | 0.6 | 1,657 | ||||||||||
Spain 3.7% | ||||||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 87,367 | 0.6 | 1,562 | |||||||||
Banco Santander S.A. | 186,021 | 1.2 | 2,993 | |||||||||
Telefonica S.A. | 45,817 | 0.5 | 1,279 | |||||||||
Other Securities | 1.4 | 3,520 | ||||||||||
3.7 | 9,354 | |||||||||||
Sweden 3.1% | ||||||||||||
Nordea Bank AB | 117,378 | 0.5 | 1,260 | |||||||||
Other Securities | 2.6 | 6,541 | ||||||||||
3.1 | 7,801 | |||||||||||
Switzerland 4.5% | ||||||||||||
Credit Suisse Group AG - Reg’d | 29,781 | 0.6 | 1,592 | |||||||||
Nestle S.A. - Reg’d | 28,375 | 0.5 | 1,319 | |||||||||
Novartis AG - Reg’d | 22,585 | 0.5 | 1,176 | |||||||||
Swiss Re - Reg’d | 30,282 | 0.5 | 1,233 | |||||||||
UBS AG - Reg’d * | 97,904 | 0.7 | 1,632 | |||||||||
Other Securities | 1.7 | 4,526 | ||||||||||
4.5 | 11,478 | |||||||||||
United Kingdom 21.2% | ||||||||||||
Barclays plc * | 929,847 | 1.9 | 4,873 | |||||||||
BHP Billiton plc | 52,880 | 0.6 | 1,425 | |||||||||
BP plc | 401,417 | 1.5 | 3,761 | |||||||||
GlaxoSmithKline plc | 61,732 | 0.5 | 1,266 | |||||||||
HSBC Holdings plc | 460,709 | 2.0 | 5,091 | |||||||||
Lloyds Banking Group plc * | 861,716 | 0.5 | 1,215 | |||||||||
Rio Tinto plc | 27,061 | 0.5 | 1,196 | |||||||||
Royal Bank of Scotland Group plc * | 2,020,848 | 0.5 | 1,379 | |||||||||
Royal Dutch Shell plc, B Share | 69,086 | 0.8 | 1,989 | |||||||||
Royal Dutch Shell plc, Class A | 90,205 | 1.1 | 2,663 | |||||||||
Vodafone Group plc | 1,085,655 | 1.0 | 2,393 | |||||||||
Other Securities | 10.3 | 26,410 | ||||||||||
21.2 | 53,661 | |||||||||||
United States 0.0% | ||||||||||||
Other Securities | 0.0 | 20 | ||||||||||
Total Common Stock (Cost $256,244) | 249,719 | |||||||||||
Other Investment Companies 0.3% of net assets | ||||||||||||
Australia 0.1% | ||||||||||||
Other Securities | 0.1 | 205 | ||||||||||
United States 0.2% | ||||||||||||
Other Securities | 0.2 | 533 | ||||||||||
Total Other Investment Companies (Cost $681) | 738 | |||||||||||
Preferred Stock 0.6% of net assets | ||||||||||||
Germany 0.5% | ||||||||||||
Other Securities | 0.5 | 1,262 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Italy 0.1% | ||||||||||||
Other Securities | 0.1 | 227 | ||||||||||
Total Preferred Stock (Cost $1,918) | 1,489 | |||||||||||
Rights 0.1% of net assets | ||||||||||||
Other Securities | 0.1 | 189 | ||||||||||
Total Rights (Cost $73) | 189 | |||||||||||
Warrants 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | 2 | ||||||||||
Total Warrants (Cost $2) | 2 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investment 0.6% of net assets | ||||||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||||||
0.03%, 11/02/2009 | 1,411 | 0.6 | 1,411 | |||||||||
Total Short-Term Investment (Cost $1,411) | 1,411 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. | |
(b) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. Please see complete schedule of holdings. |
CDI | — CHESS Depositary Interest. Please see complete schedule of holdings. | |
CVA | — Dutch Certificate. | |
FDR | — Fiduciary Depositary Receipt. Please see complete schedule of holdings. | |
Reg’d | — Registered | |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Assets | ||||||
Investments, at value (cost $260,329) | $253,548 | |||||
Foreign currency, at value (cost $50) | 50 | |||||
Receivables: | ||||||
Investments sold | 37 | |||||
Fund shares sold | 526 | |||||
Dividends | 342 | |||||
Foreign tax reclaims | 100 | |||||
Prepaid expenses | + | 3 | ||||
Total assets | 254,606 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 829 | |||||
Investment adviser and administrator fees | 62 | |||||
Shareholder services fees to affiliate | 22 | |||||
Fund shares redeemed | 516 | |||||
Accrued expenses | + | 95 | ||||
Total liabilities | 1,524 | |||||
Net Assets | ||||||
Total assets | 254,606 | |||||
Total liabilities | − | 1,524 | ||||
Net assets | $253,082 | |||||
Net Assets by Source | ||||||
Capital received from investors | 347,865 | |||||
Net investment income not yet distributed | 5,282 | |||||
Net realized capital losses | (93,294 | ) | ||||
Net unrealized capital losses | (6,771 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$253,082 | 32,898 | $7.69 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $638) | $6,689 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (75,049 | ) | ||||
Net realized gains on foreign currency transactions | + | 4 | ||||
Net realized losses | (75,045 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 129,400 | |||||
Net unrealized gains on foreign currency translations | + | 9 | ||||
Net unrealized gains | 129,409 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 626 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 49 | |||||
Select Shares1 | 32 | |||||
Institutional Shares | 170 | |||||
Custodian fees | 382 | |||||
FTSE RAFI Index fee | 135 | |||||
Portfolio accounting fees | 74 | |||||
Registration fees | 50 | |||||
Professional fees | 49 | |||||
Shareholder reports | 11 | |||||
Trustees’ fees | 8 | |||||
Interest expense | 6 | |||||
Other expenses | + | 39 | ||||
Total expenses | 1,631 | |||||
Expense reduction by adviser and Schwab | − | 852 | ||||
Net expenses | 779 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 6,689 | |||||
Net expenses | − | 779 | ||||
Net investment income | 5,910 | |||||
Net realized losses | (75,045 | ) | ||||
Net unrealized gains | + | 129,409 | ||||
Increase in net assets from operations | $60,274 |
1 | Effective October 19, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $5,910 | $9,059 | ||||||||
Net realized losses | (75,045 | ) | (18,302 | ) | ||||||
Net unrealized gains (losses) | + | 129,409 | (152,100 | ) | ||||||
Increase (Decrease) in net assets from operations | 60,274 | (161,343 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 1,142 | 212 | ||||||||
Select Shares | 1,437 | 306 | ||||||||
Institutional Shares | + | 6,459 | 1,625 | |||||||
Total distributions from net investment income | 9,038 | 2,143 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 63 | ||||||||
Select Shares | — | 83 | ||||||||
Institutional Shares | + | — | 418 | |||||||
Total distributions from net realized gains | — | 564 | ||||||||
Total distributions | $9,038 | $2,707 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 1,455 | $8,798 | 3,192 | $29,638 | ||||||||||||||
Select Shares | 1,790 | 10,334 | 4,064 | 36,332 | ||||||||||||||
Institutional Shares | + | 28,920 | 196,194 | 19,960 | 189,615 | |||||||||||||
Total shares sold | 32,165 | $215,326 | 27,216 | $255,585 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 173 | $943 | 22 | $239 | ||||||||||||||
Select Shares | 223 | 1,213 | 31 | 330 | ||||||||||||||
Institutional Shares | + | 885 | 4,816 | 147 | 1,572 | |||||||||||||
Total shares reinvested | 1,281 | $6,972 | 200 | $2,141 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (5,677 | ) | ($43,894 | ) | (1,553 | ) | ($13,870 | ) | ||||||||||
Select Shares | (6,972 | ) | (53,379 | ) | (2,365 | ) | (20,654 | ) | ||||||||||
Institutional Shares | + | (21,032 | ) | (122,132 | ) | (10,511 | ) | (89,716 | ) | |||||||||
Total shares redeemed | (33,681 | ) | ($219,405 | ) | (14,429 | ) | ($124,240 | ) | ||||||||||
Net transactions in fund shares | (235 | ) | $2,893 | 12,987 | $133,486 | |||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 33,133 | $198,953 | 20,146 | $229,517 | ||||||||||||||
Total increase or decrease | + | (235 | ) | 54,129 | 12,987 | (30,564 | ) | |||||||||||
End of period | 32,898 | $253,082 | 33,133 | $198,953 | ||||||||||||||
Net investment income not yet distributed | $5,282 | $8,283 |
1 | Effective October 19, 2009, all outstanding Investor Shares (4,005 shares valued at $33,951) and Select Shares (4,833 shares valued $40,997) combined with Institutional Shares, resulting in a single class of shares of the fund |
11/1/08– | 1/31/082– | |||||||
10/31/091 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 6.22 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.12 | 3 | 0.27 | 3 | ||||
Net realized and unrealized gains (losses) | 2.92 | (4.05 | ) | |||||
Total from investment operations | 3.04 | (3.78 | ) | |||||
Less distributions: | ||||||||
Distributions from net investment income | (0.26 | ) | — | |||||
Net asset value at end of period | 9.00 | 6.22 | ||||||
Total return (%) | 51.19 | (37.80 | )4 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses | 0.55 | 0.56 | 5,6 | |||||
Gross operating expenses | 3.82 | 5.44 | 5 | |||||
Net investment income (loss) | 1.59 | 3.55 | 5 | |||||
Portfolio turnover rate | 81 | 132 | 4 | |||||
Net assets, end of period ($ x 1,000,000) | 47 | 3 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .3% | Common Stock | 41,590 | 46,260 | ||||||||
0 | .4% | Preferred Stock | 178 | 209 | ||||||||
0 | .1% | Rights | 8 | 39 | ||||||||
—% | Warrants | — | — | |||||||||
0 | .3% | Short-Term Investment | 149 | 149 | ||||||||
100 | .1% | Total Investments | 41,925 | 46,657 | ||||||||
(0 | .1)% | Other Assets and Liabilities, Net | (48 | ) | ||||||||
100 | .0% | Net Assets | 46,609 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 99.3% of net assets | ||||||||||||
Australia 10.4% | ||||||||||||
Alesco Corp., Ltd. | 22,166 | 0.2 | 99 | |||||||||
Alumina Ltd. * | 101,222 | 0.3 | 149 | |||||||||
AWB Ltd. | 120,982 | 0.3 | 132 | |||||||||
Bendigo & Adelaide Bank Ltd. | 11,833 | 0.2 | 96 | |||||||||
Boart Longyear Group * | 810,127 | 0.4 | 195 | |||||||||
Centro Retail Group | 1,074,587 | 0.3 | 155 | |||||||||
Challenger Financial Services Group Ltd. | 27,343 | 0.2 | 90 | |||||||||
CSR Ltd. | 67,381 | 0.2 | 115 | |||||||||
Downer EDI Ltd. | 12,437 | 0.2 | 95 | |||||||||
ING Industrial Fund | 657,016 | 0.6 | 297 | |||||||||
ING Office Fund | 199,704 | 0.2 | 105 | |||||||||
Macquarie CountryWide Trust | 514,884 | 0.6 | 285 | |||||||||
Macquarie Office Trust | 512,182 | 0.3 | 143 | |||||||||
Pacific Brands Ltd. * | 359,888 | 0.9 | 419 | |||||||||
Other Securities | 5.5 | 2,483 | ||||||||||
10.4 | 4,858 | |||||||||||
Austria 1.2% | ||||||||||||
Atrium European Real Estate Ltd. * | 26,626 | 0.4 | 174 | |||||||||
CA Immobilien Anlagen AG * | 8,436 | 0.3 | 125 | |||||||||
Other Securities | 0.5 | 255 | ||||||||||
1.2 | 554 | |||||||||||
Belgium 1.3% | ||||||||||||
Nyrstar * | 12,281 | 0.3 | 143 | |||||||||
Other Securities | 1.0 | 455 | ||||||||||
1.3 | 598 | |||||||||||
Canada 8.3% | ||||||||||||
Cameco Corp. | 3,343 | 0.2 | 93 | |||||||||
Cascades, Inc. | 15,545 | 0.2 | 101 | |||||||||
First Quantum Minerals Ltd. | 1,331 | 0.2 | 91 | |||||||||
Linamar Corp. | 9,033 | 0.3 | 126 | |||||||||
Lundin Mining Corp. * | 88,509 | 0.8 | 356 | |||||||||
Methanex Corp. | 6,189 | 0.2 | 107 | |||||||||
Sherritt International Corp. | 24,390 | 0.3 | 156 | |||||||||
Viterra, Inc. * | 9,422 | 0.2 | 90 | |||||||||
Other Securities | 5.9 | 2,724 | ||||||||||
8.3 | 3,844 | |||||||||||
China 0.2% | ||||||||||||
Other Securities | 0.2 | 102 | ||||||||||
Cyprus 0.1% | ||||||||||||
Other Securities | 0.1 | 53 | ||||||||||
Denmark 1.6% | ||||||||||||
Other Securities | 1.6 | 738 | ||||||||||
Finland 1.7% | ||||||||||||
Other Securities | 1.7 | 806 | ||||||||||
France 3.0% | ||||||||||||
Groupe Eurotunnel S.A. - Reg’d | 13,836 | 0.3 | 137 | |||||||||
Other Securities | 2.7 | 1,257 | ||||||||||
3.0 | 1,394 | |||||||||||
Germany 3.5% | ||||||||||||
Aareal Bank AG * | 6,382 | 0.3 | 138 | |||||||||
Praktiker Bau- und Heimwerkermaerkte Holding AG | 7,513 | 0.2 | 91 | |||||||||
Sky Deutschland AG * | 34,566 | 0.3 | 144 | |||||||||
Other Securities | 2.7 | 1,263 | ||||||||||
3.5 | 1,636 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Greece 0.8% | ||||||||||||
Other Securities | 0.8 | 384 | ||||||||||
Hong Kong 5.9% | ||||||||||||
Other Securities | 5.9 | 2,762 | ||||||||||
Ireland 1.4% | ||||||||||||
Grafton Group plc * | 27,980 | 0.3 | 140 | |||||||||
Other Securities | 1.1 | 493 | ||||||||||
1.4 | 633 | |||||||||||
Israel 0.8% | ||||||||||||
Other Securities | 0.8 | 350 | ||||||||||
Italy 2.5% | ||||||||||||
Other Securities | 2.5 | 1,184 | ||||||||||
Japan 23.8% | ||||||||||||
EDION Corp. | 12,600 | 0.2 | 102 | |||||||||
SBI Holdings, Inc. | 524 | 0.2 | 96 | |||||||||
Other Securities | 23.4 | 10,908 | ||||||||||
23.8 | 11,106 | |||||||||||
Liechtenstein 0.1% | ||||||||||||
Other Securities | 0.1 | 38 | ||||||||||
Luxembourg 0.3% | ||||||||||||
Other Securities | 0.3 | 141 | ||||||||||
Netherlands 3.4% | ||||||||||||
CSM | 3,908 | 0.2 | 103 | |||||||||
Oce N.V. * | 16,541 | 0.2 | 105 | |||||||||
Wavin N.V. | 45,640 | 0.2 | 94 | |||||||||
Other Securities | 2.8 | 1,285 | ||||||||||
3.4 | 1,587 | |||||||||||
New Zealand 0.7% | ||||||||||||
Other Securities | 0.7 | 341 | ||||||||||
Norway 2.0% | ||||||||||||
Norwegian Property A.S.A. * | 49,152 | 0.2 | 93 | |||||||||
Petroleum Geo-Services A.S.A. * | 12,518 | 0.2 | 118 | |||||||||
Schibsted A.S.A. * | 5,599 | 0.2 | 92 | |||||||||
Other Securities | 1.4 | 614 | ||||||||||
2.0 | 917 | |||||||||||
Portugal 0.4% | ||||||||||||
Other Securities | 0.4 | 203 | ||||||||||
Singapore 2.7% | ||||||||||||
Other Securities | 2.7 | 1,255 | ||||||||||
Spain 1.9% | ||||||||||||
Other Securities | 1.9 | 890 | ||||||||||
Sweden 3.7% | ||||||||||||
Billerud * | 16,616 | 0.2 | 92 | |||||||||
Eniro AB * | 39,055 | 0.4 | 180 | |||||||||
Modern Times Group, B Shares | 3,167 | 0.3 | 137 | |||||||||
Trelleborg AB, B Shares * | 48,622 | 0.6 | 295 | |||||||||
Other Securities | 2.2 | 1,004 | ||||||||||
3.7 | 1,708 | |||||||||||
Switzerland 3.4% | ||||||||||||
Other Securities | 3.4 | 1,564 | ||||||||||
United Kingdom 14.1% | ||||||||||||
Cookson Group plc * | 21,676 | 0.3 | 129 | |||||||||
Debenhams plc | 115,657 | 0.3 | 147 | |||||||||
Galiform plc * | 96,012 | 0.2 | 118 | |||||||||
Intermediate Capital Group plc | 42,508 | 0.4 | 177 | |||||||||
JJB Sports plc * | 231,004 | 0.2 | 113 | |||||||||
Johnston Press plc * | 329,297 | 0.3 | 152 | |||||||||
SIG plc | 90,582 | 0.4 | 176 | |||||||||
Other Securities | 12.0 | 5,574 | ||||||||||
14.1 | 6,586 | |||||||||||
United States 0.1% | ||||||||||||
Other Securities | 0.1 | 28 | ||||||||||
Total Common Stock (Cost $41,590) | 46,260 | |||||||||||
Preferred Stock 0.4% of net assets | ||||||||||||
Germany 0.4% | ||||||||||||
Other Securities | 0.4 | 209 | ||||||||||
Total Preferred Stock (Cost $178) | 209 | |||||||||||
Rights 0.1% of net assets | ||||||||||||
Other Securities | 0.1 | 39 | ||||||||||
Total Rights (Cost $8) | 39 | |||||||||||
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Warrants 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Warrants (Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investment 0.3% of net assets | ||||||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||||||
0.03%, 11/02/2009 | 149 | 0.3 | 149 | |||||||||
Total Short-Term Investment (Cost $149) | 149 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. |
CVA | — Dutch Certificate. Please see complete schedule of holdings. | |
Reg’d | — Registered | |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Assets | ||||||
Investments, at value (cost $41,925) | $46,657 | |||||
Foreign currency, at value (cost $103) | 103 | |||||
Receivables: | ||||||
Fund shares sold | 412 | |||||
Dividends | 79 | |||||
Foreign tax reclaims | 3 | |||||
Due from investment adviser | + | 1 | ||||
Total assets | 47,255 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 104 | |||||
Shareholder services fees to affiliate | 5 | |||||
Fund shares redeemed | 420 | |||||
Accrued expenses | + | 117 | ||||
Total liabilities | 646 | |||||
Net Assets | ||||||
Total assets | 47,255 | |||||
Total liabilities | − | 646 | ||||
Net assets | $46,609 | |||||
Net Assets by Source | ||||||
Capital received from investors | 44,834 | |||||
Net investment income not yet distributed | 451 | |||||
Net realized capital losses | (3,408 | ) | ||||
Net unrealized capital gains | 4,732 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$46,609 | 5,178 | $9.00 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $59) | $543 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (2,497 | ) | ||||
Net realized gains on foreign currency transactions | + | 56 | ||||
Net realized losses on investments | (2,441 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 11,901 | |||||
Net unrealized losses on foreign currency translations | + | (10 | ) | |||
Net unrealized gains | 11,891 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 91 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 14 | |||||
Select Shares1 | 11 | |||||
Institutional Shares | 17 | |||||
Custodian fees | 533 | |||||
Portfolio accounting fees | 75 | |||||
Professional fees | 60 | |||||
FTSE RAFI Index fee | 23 | |||||
Registration fees | 18 | |||||
Trustees’ fees | 6 | |||||
Shareholder reports | 3 | |||||
Interest expense | 1 | |||||
Other expenses | + | 20 | ||||
Total expenses | 872 | |||||
Expense reduction by adviser and Schwab | − | 738 | ||||
Net expenses | 134 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 543 | |||||
Net expenses | − | 134 | ||||
Net investment income | 409 | |||||
Net realized losses | (2,441 | ) | ||||
Net unrealized gains | + | 11,891 | ||||
Increase in net assets from operations | 9,859 |
1 | Effective October 19, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||
Net investment income | $409 | $484 | ||||||||
Net realized losses | (2,441 | ) | (883 | ) | ||||||
Net unrealized (gains) losses | + | 11,891 | (7,159 | ) | ||||||
Increase (Decrease) in net assets from operations | 9,859 | ($7,558 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 194 | — | ||||||||
Select Shares | 207 | — | ||||||||
Institutional Shares | + | 125 | — | |||||||
Total distributions from net investment income | $526 | $- |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 656 | $4,867 | 891 | $8,225 | ||||||||||||||
Select Shares | 761 | 5,050 | 1,650 | 14,954 | ||||||||||||||
Institutional Shares | + | 5,153 | 44,650 | 1,941 | 18,373 | |||||||||||||
Total shares sold | 6,570 | $54,567 | 4,482 | $41,552 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 28 | $166 | — | $- | ||||||||||||||
Select Shares | 21 | 121 | — | — | ||||||||||||||
Institutional Shares | + | 14 | 81 | — | — | |||||||||||||
Total shares reinvested | 63 | $368 | — | $- | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (1,394 | ) | ($12,481 | ) | (181 | ) | ($1,593 | ) | ||||||||||
Select Shares | (1,644 | ) | (14,405 | ) | (788 | ) | (5,864 | ) | ||||||||||
Institutional Shares | + | (478 | ) | (3,574 | ) | (1,452 | ) | (13,736 | ) | |||||||||
Total shares redeemed | (3,516 | ) | ($30,460 | ) | (2,421 | ) | ($21,193 | ) | ||||||||||
Net transactions in fund shares | 3,117 | $24,475 | 2,061 | $20,359 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 2,061 | $12,801 | — | $- | ||||||||||||||
Total increase | + | 3,117 | 33,808 | 2,061 | 12,801 | |||||||||||||
End of period | 5,178 | $46,609 | 2,061 | $12,801 | ||||||||||||||
Net investment income not yet distributed | $451 | $492 |
* | Commencement of operations. |
1 | Effective October 19, 2009, all outstanding Investor Shares (1,059 shares valued at $10,259) and Select Shares (1,170 shares valued $11,352) combined with Institutional Shares, resulting in a single class of shares of the fund. |
11/1/08– | 1/31/082– | |||||||
10/31/091 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 5.74 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.05 | 0.16 | ||||||
Net realized and unrealized gains (losses) | 3.27 | (4.42 | ) | |||||
Total from investment operations | 3.32 | (4.26 | ) | |||||
Less distributions: | ||||||||
Distributions from net investment income | (0.15 | ) | — | |||||
Net asset value at end of period | 8.91 | 5.74 | ||||||
Total return (%) | 59.55 | (42.60 | )3 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses | 0.61 | 4 | 0.61 | 4,5 | ||||
Gross operating expenses | 1.70 | 4.06 | 5 | |||||
Net investment income (loss) | 1.56 | 2.31 | 5 | |||||
Portfolio turnover rate | 103 | 159 | 3 | |||||
Net assets, end of period ($ x 1,000,000) | 119 | 6 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
92 | .4% | Common Stock | 89,073 | 110,112 | ||||||||
8 | .9% | Preferred Stock | 7,790 | 10,657 | ||||||||
—% | Short-Term Investments | 46 | 46 | |||||||||
101 | .3% | Total Investments | 96,909 | 120,815 | ||||||||
(1 | .3)% | Other Assets and Liabilities, Net | (1,585 | ) | ||||||||
100 | .0% | Net Assets | 119,230 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 92.4% of net assets | ||||||||||||
Argentina 0.1% | ||||||||||||
Other Securities | 0.1 | 103 | ||||||||||
Brazil 3.1% | ||||||||||||
Petroleo Brasileiro S.A. | 34,800 | 0.7 | 800 | |||||||||
Votorantim Celulose e Papel S.A. * | 53,842 | 0.6 | 743 | |||||||||
Other Securities | 1.8 | 2,112 | ||||||||||
3.1 | 3,655 | |||||||||||
Chile 0.5% | ||||||||||||
Other Securities | 0.5 | 619 | ||||||||||
China 20.7% | ||||||||||||
Aluminum Corp. of China Ltd., Class H | 537,000 | 0.5 | 585 | |||||||||
Bank of China Ltd., Class H | 4,241,000 | 2.1 | 2,460 | |||||||||
China Construction Bank Corp., Class H | 674,000 | 0.5 | 581 | �� | ||||||||
China Life Insurance Co., Ltd., Class H | 248,000 | 1.0 | 1,140 | |||||||||
China Petroleum & Chemical Corp., Class H | 3,782,000 | 2.7 | 3,207 | |||||||||
China Shenhua Energy Co., Ltd., Class H | 362,000 | 1.4 | 1,624 | |||||||||
Industrial & Commercial Bank of China Ltd., Class H | 2,758,000 | 1.9 | 2,194 | |||||||||
PetroChina Co., Ltd., Class H | 5,625,000 | 5.7 | 6,768 | |||||||||
Other Securities | 4.9 | 6,092 | ||||||||||
20.7 | 24,651 | |||||||||||
Columbia 0.1% | ||||||||||||
Other Securities | 0.1 | 168 | ||||||||||
Czech Republic 0.4% | ||||||||||||
Other Securities | 0.4 | 498 | ||||||||||
Hong Kong 0.1% | ||||||||||||
Other Securities | 0.1 | 144 | ||||||||||
Hungary 1.0% | ||||||||||||
OTP Bank Nyrt. plc * | 25,473 | 0.6 | 716 | |||||||||
Other Securities | 0.4 | 462 | ||||||||||
1.0 | 1,178 | |||||||||||
India 5.5% | ||||||||||||
Axis Bank Ltd. | 41,106 | 0.7 | 780 | |||||||||
Other Securities | 4.8 | 5,724 | ||||||||||
5.5 | 6,504 | |||||||||||
Indonesia 0.9% | ||||||||||||
Other Securities | 0.9 | 1,029 | ||||||||||
Malaysia 1.7% | ||||||||||||
Other Securities | 1.7 | 2,034 | ||||||||||
Mexico 5.4% | ||||||||||||
America Movil S.A.B. de C.V., Series L | 405,900 | 0.7 | 891 | |||||||||
Cemex S.A.B. de C.V. * | 964,604 | 0.8 | 1,005 | |||||||||
Grupo Mexico S.A.B. de C.V., Series B * | 463,374 | 0.8 | 912 | |||||||||
Telefonos de Mexico S.A.B. de C.V. | 747,100 | 0.5 | 633 | |||||||||
Other Securities | 2.6 | 2,954 | ||||||||||
5.4 | 6,395 | |||||||||||
Philippines 0.1% | ||||||||||||
Other Securities | 0.1 | 85 | ||||||||||
Poland 1.2% | ||||||||||||
Other Securities | 1.2 | 1,477 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Republic of Korea 25.6% | ||||||||||||
Daeduck GDS Co., Ltd. | 79,250 | 0.6 | 670 | |||||||||
Honam Petrochemical Corp. | 22,859 | 1.3 | 1,568 | |||||||||
Hynix Semiconductor, Inc. * | 52,230 | 0.7 | 775 | |||||||||
Hyundai Mobis | 5,383 | 0.6 | 718 | |||||||||
Hyundai Motor Co. | 19,724 | 1.5 | 1,789 | |||||||||
Korea Electric Power Corp. * | 29,940 | 0.7 | 848 | |||||||||
KP Chemical Corp. * | 110,780 | 0.5 | 640 | |||||||||
LG Corp. | 15,956 | 0.8 | 904 | |||||||||
LG Electronics, Inc. | 9,753 | 0.8 | 907 | |||||||||
Lotte Chilsung Beverage Co., Ltd. | 1,677 | 1.0 | 1,147 | |||||||||
ON*Media Corp. * | 370,150 | 0.9 | 1,043 | |||||||||
POSCO | 4,071 | 1.4 | 1,687 | |||||||||
S&T Daewoo Co., Ltd. * | 27,350 | 0.5 | 591 | |||||||||
Samsung Electronics Co., Ltd. | 6,170 | 3.1 | 3,713 | |||||||||
Shinhan Financial Group Co., Ltd. * | 31,540 | 1.0 | 1,197 | |||||||||
SK Holdings Co., Ltd. | 13,185 | 0.9 | 1,046 | |||||||||
Other Securities | 9.3 | 11,277 | ||||||||||
25.6 | 30,520 | |||||||||||
Russia 7.1% | ||||||||||||
Gazprom ADR | 97,639 | 2.0 | 2,342 | |||||||||
LUKOIL ADR | 31,880 | 1.5 | 1,849 | |||||||||
Mining & Metallurgical Co., Norilsk Nickel ADR * | 46,813 | 0.5 | 615 | |||||||||
Sberbank GDR - Reg’d | 4,750 | 1.0 | 1,159 | |||||||||
Surgutneftegaz ADR | 69,697 | 0.5 | 615 | |||||||||
Other Securities | 1.6 | 1,896 | ||||||||||
7.1 | 8,476 | |||||||||||
South Africa 5.9% | ||||||||||||
Sasol | 15,378 | 0.5 | 576 | |||||||||
Standard Bank Group Ltd. | 57,314 | 0.6 | 715 | |||||||||
Other Securities | 4.8 | 5,769 | ||||||||||
5.9 | 7,060 | |||||||||||
Taiwan 10.2% | ||||||||||||
Cathay Financial Holding Co., Ltd. * | 358,850 | 0.5 | 615 | |||||||||
China Steel Corp. | 744,063 | 0.6 | 661 | |||||||||
Formosa Chemicals & Fibre Corp. | 318,420 | 0.5 | 593 | |||||||||
Formosa Petrochemical Corp. | 326,030 | 0.7 | 795 | |||||||||
Hon Hai Precision Industry Co., Ltd. | 280,742 | 0.9 | 1,100 | |||||||||
Nan Ya Plastics Corp. | 426,160 | 0.6 | 678 | |||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 461,689 | 0.7 | 838 | |||||||||
Other Securities | 5.7 | 6,851 | ||||||||||
10.2 | 12,131 | |||||||||||
Thailand 1.1% | ||||||||||||
Other Securities | 1.1 | 1,306 | ||||||||||
Turkey 1.7% | ||||||||||||
Other Securities | 1.7 | 2,079 | ||||||||||
Total Common Stock (Cost $89,073) | 110,112 | |||||||||||
Preferred Stock 8.9% of net assets | ||||||||||||
Brazil 8.8% | ||||||||||||
Banco Bradesco S.A. | 80,000 | 1.3 | 1,570 | |||||||||
Banco Itau Holding Financeira S.A. | 112,565 | 1.8 | 2,141 | |||||||||
Companhia Vale do Rio Doce, Class A | 43,200 | 0.8 | 967 | |||||||||
Petroleo Brasileiro S.A. | 101,700 | 1.7 | 2,023 | |||||||||
Other Securities | 3.2 | 3,834 | ||||||||||
8.8 | 10,535 | |||||||||||
Columbia 0.1% | ||||||||||||
Other Securities | 0.1 | 122 | ||||||||||
Total Preferred Stock (Cost $7,790) | 10,657 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | 46 | ||||||||||
Total Short-Term Investment (Cost $46) | 46 | |||||||||||
End of Investments. |
* | Non-income producing security. |
ADR | — American Depositary Receipt | |
GDR | — Global Depositary Receipt | |
Reg’d | — Registered |
Assets | ||||||
Investments, at value (cost $96,909) | $120,815 | |||||
Foreign currency, at value (cost $221) | 221 | |||||
Receivables: | ||||||
Investments sold | 676 | |||||
Fund shares sold | 1,520 | |||||
Dividends | 60 | |||||
Foreign tax reclaims | 2 | |||||
Prepaid expenses | + | 1 | ||||
Total assets | 123,295 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 413 | |||||
Shareholder services fees to affiliate | 17 | |||||
Fund shares redeemed | 2,725 | |||||
Payable to custodian | 573 | |||||
Foreign capital gains tax | 294 | |||||
Accrued expenses | + | 43 | ||||
Total liabilities | 4,065 | |||||
Net Assets | ||||||
Total assets | 123,295 | |||||
Total liabilities | − | 4,065 | ||||
Net assets | 119,230 | |||||
Net Assets by Source | ||||||
Capital received from investors | 106,157 | |||||
Net investment income not yet distributed | 753 | |||||
Net realized capital losses | (11,294 | ) | ||||
Net unrealized capital gains | 23,614 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$119,230 | 13,382 | $8.91 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $150) | $1,317 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (7,606 | ) | ||||
Net realized losses on foreign currency transactions | + | (134 | ) | |||
Net realized losses | (7,740 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 35,259 | |||||
Net unrealized gains on foreign currency translations | + | 10 | ||||
Net unrealized gains | 35,269 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 293 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 21 | |||||
Select Shares1 | 14 | |||||
Institutional Shares | 50 | |||||
Custodian fees | 390 | |||||
Portfolio accounting fees | 64 | |||||
FTSE RAFI Index fee | 63 | |||||
Professional fees | 44 | |||||
Registration fees | 35 | |||||
Shareholder reports | 7 | |||||
Trustees’ fees | 6 | |||||
Interest expense | 3 | |||||
Other expenses | + | 38 | ||||
Total expenses | 1,028 | |||||
Expense reduction by adviser and Schwab | − | 662 | ||||
Net expenses | 366 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 1,317 | |||||
Net expenses | − | 366 | ||||
Net investment income | 951 | |||||
Net realized losses | (7,740 | ) | ||||
Net unrealized gains | + | 35,269 | ||||
Increase in net assets from operations | $28,480 |
1 | Effective October 19, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||
Net investment income | $951 | $470 | ||||||||
Net realized losses | (7,740 | ) | (3,691 | ) | ||||||
Net unrealized gains (losses) | + | 35,269 | (11,655 | ) | ||||||
Increase (Decrease) in net assets from operations | 28,480 | (14,876 | ) | |||||||
Distributions to shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 181 | - | ||||||||
Select Shares | 179 | - | ||||||||
Institutional Shares | + | 171 | - | |||||||
Total distributions from net net investment income | $531 | $- |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 1,511 | $10,718 | 1,630 | $14,977 | ||||||||||||||
Select Shares | 2,055 | 13,982 | 2,353 | 21,345 | ||||||||||||||
Institutional Shares | + | 14,761 | 116,211 | 2,648 | 24,423 | |||||||||||||
Total shares sold | 18,327 | $140,911 | 6,631 | $60,745 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 29 | $163 | - | - | ||||||||||||||
Select Shares | 25 | 136 | - | - | ||||||||||||||
Institutional Shares | + | 18 | 100 | - | - | |||||||||||||
Total shares reinvested | 72 | $399 | - | $- | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (2,746 | ) | ($24,192 | ) | (424 | ) | ($3,187 | ) | ||||||||||
Select Shares | (3,316 | ) | (28,113 | ) | (1,117 | ) | (7,286 | ) | ||||||||||
Institutional Shares | + | (2,431 | ) | (17,668 | ) | (1,614 | ) | (15,452 | ) | |||||||||
Total shares redeemed | (8,493 | ) | ($69,973 | ) | (3,155 | ) | ($25,925 | ) | ||||||||||
Net transactions in fund shares | 9,906 | $71,337 | 3,476 | $34,820 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 01/31/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 3,476 | $19,944 | - | $- | ||||||||||||||
Total increase | + | 9,906 | 99,286 | 3,476 | 19,944 | |||||||||||||
End of period | 13,382 | $119,230 | 3,476 | $19,944 | ||||||||||||||
Net investment income not yet distributed | $753 | $441 |
* | Commencement of operations. |
1 | Effective October 19, 2009, all outstanding Investor Shares (1,999 shares valued at $19,419) and Select Shares (2,199 shares valued $21,392) combined with Institutional Shares, resulting in a single class of shares of the fund. |
Schwab Capital Trust (organized May 7, 1993) Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Laudus Small-Cap MarketMasters Fund Laudus International MarketMasters Fund Schwab Balanced Fund | Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund Schwab Financial Services Fund Schwab Health Care Fund Schwab International Core Equity Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Monthly Income Fund—Moderate Payout Schwab Monthly Income Fund—Enhanced Payout Schwab Monthly Income Fund—Maximum Payout | |||
(All dollar amounts are x 1,000)
• | Securities traded on an exchange or over-the-counter: valued at the closing value for the day, or, on days when no closing value has been reported, halfway between the most recent bid and asked quotes. Securities that are primarily traded on foreign exchanges are valued at the closing values of such securities on their respective exchanges with these values then translated into U.S. dollars at the valuation date exchange rate. | |
• | Securities for which no quoted value is available: The Board of Trustees has adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when a security is delisted or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price when a security’s primary trading market is closed during regular market hours. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to the procedures. | |
• | International Fair Valuation: The Board of Trustees has adopted procedures to fair value foreign securities that trade in markets that close prior to when the funds value their holdings. By fair valuing securities whose prices may have been affected by events after the close of trading, each fund seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter “arbitrage” market timers, who seek to exploit delays between the change in the value of a fund’s portfolio holdings and the net asset value of the fund’s shares, and seeks to help ensure that the prices at which the fund’s shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of a fund and that of its index or benchmark. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the value assigned to the security upon the sale of such security. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to these procedures. | |
• | Futures and Forwards contracts: valued at their settlement prices as of the close of their exchanges (for futures) or at a market value based on that day’s exchange rates (for forwards). | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. | |
• | Underlying funds: valued at their respective NAV as determined by those funds in accordance with the 1940 Act for a given day. |
• | Level 1 — quoted prices in active markets for identical securities. — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The funds |
(All dollar amounts are x 1,000)
do not adjust the quoted price for such investments, even in situations where the funds hold a large position and a sale could reasonably impact the quoted price. |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 Prices. These generally include certain U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 Prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the funds’ own assumptions in determining the fair value of investments). — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $656,986 | $— | $— | $656,986 | ||||||||||||
Other Investment Company | 2,680 | — | — | 2,680 | ||||||||||||
Short-Term Investments | — | 1,261 | — | 1,261 | ||||||||||||
Total | $659,666 | $1,261 | $— | $660,927 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments Futures Contracts* | ($103 | ) | $— | $— | ($103 | ) |
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $295,665 | $— | $— | $295,665 | ||||||||||||
Other Investment Company | 474 | — | — | 474 | ||||||||||||
Short-Term Investment | — | 535 | — | 535 | ||||||||||||
Total | $296,139 | $535 | $— | $296,674 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments Futures Contracts* | ($39 | ) | $— | $— | ($39 | ) |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $— | $172,227 | $— | $172,227 | ||||||||||||
Canada | 12,353 | — | — | 12,353 | ||||||||||||
Switzerland | 95 | 11,383 | — | 11,478 | ||||||||||||
United Kingdom | — | 53,658 | 3 | 53,661 | ||||||||||||
Other Investment Companies(a) | 533 | 205 | — | 738 | ||||||||||||
Preferred Stock | — | 1,489 | — | 1,489 | ||||||||||||
Rights | 44 | — | 145 | 189 | ||||||||||||
Warrants | 2 | — | — | 2 | ||||||||||||
Short-Term Investment | — | 1,411 | — | 1,411 | ||||||||||||
Total | $13,027 | $240,373 | $148 | $253,548 | ||||||||||||
(All dollar amounts are x 1,000)
Net | ||||||||||||||||||||||||||||
Net | Change in | |||||||||||||||||||||||||||
Balance as of | Accrued | Realized | Unrealized | Net | Balance as of | |||||||||||||||||||||||
October 31, | Discounts | Gains | Gains | Purchases | Net Transfers | October 31, | ||||||||||||||||||||||
Investments in Securities | 2008 | (Premiums) | (Losses) | (Losses) | (Sales) | in and/or out | 2009 | |||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||
Australia | $22 | $— | ($12 | ) | $51 | $125 | ($186 | ) | $— | |||||||||||||||||||
Hong Kong | 30 | — | (8 | ) | (2 | ) | (5 | ) | (15 | ) | — | |||||||||||||||||
Ireland | — | — | — | (29 | ) | — | 29 | — | ||||||||||||||||||||
United Kingdom | — | — | — | 3 | — | — | 3 | |||||||||||||||||||||
Rights | 5 | — | — | 140 | — | — | 145 | |||||||||||||||||||||
Total | $57 | $— | ($20 | ) | $163 | $120 | ($172 | ) | $148 | |||||||||||||||||||
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $— | $21,188 | $— | 21,188 | ||||||||||||
Canada | 3,844 | — | — | 3,844 | ||||||||||||
Hong Kong | 24 | 2,738 | — | 2,762 | ||||||||||||
Ireland | 70 | 563 | — | 633 | ||||||||||||
Japan | 68 | 11,038 | — | 11,106 | ||||||||||||
Luxembourg | 51 | 90 | — | 141 | ||||||||||||
United Kingdom | 46 | 6,483 | 57 | 6,586 | ||||||||||||
Preferred Stock | ||||||||||||||||
Germany | 15 | 194 | — | 209 | ||||||||||||
Rights | 11 | — | 28 | 39 | ||||||||||||
Short-Term Investment | — | 149 | — | 149 | ||||||||||||
Total | $4,129 | $42,443 | $85 | 46,657 | ||||||||||||
(All dollar amounts are x 1,000)
Net | ||||||||||||||||||||||||||||
Net | Change in | |||||||||||||||||||||||||||
Balance as of | Accrued | Realized | Unrealized | Net | Balance as of | |||||||||||||||||||||||
October 31, | Discounts | Gains | Gains | Purchases | Net Transfers | October 31, | ||||||||||||||||||||||
Investments in Securities | 2008 | (Premiums) | (Losses) | (Losses) | (Sales) | in and/or out | 2009 | |||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||
Australia | $2 | $— | $— | ($2 | ) | $— | $— | $— | ||||||||||||||||||||
Bermuda | 7 | — | (4 | ) | — | (3 | ) | — | — | |||||||||||||||||||
Hong Kong | 14 | — | 3 | (2 | ) | (15 | ) | — | — | |||||||||||||||||||
Italy | 4 | — | — | (4 | ) | — | — | — | ||||||||||||||||||||
Japan | — | — | (7 | ) | 1 | 3 | 3 | — | ||||||||||||||||||||
Singapore | 1 | — | (1 | ) | 1 | (1 | ) | — | — | |||||||||||||||||||
Sweden | — | — | — | �� | (2 | ) | — | 2 | — | |||||||||||||||||||
United Kingdom | — | — | (60 | ) | 38 | 51 | 28 | 57 | ||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||
Australia | — | — | — | 25 | — | — | 25 | |||||||||||||||||||||
Hong Kong | — | — | — | 2 | — | — | 2 | |||||||||||||||||||||
Norway | — | — | — | 1 | — | — | 1 | |||||||||||||||||||||
Total | $28 | $— | ($69 | ) | $58 | $35 | $33 | $85 | ||||||||||||||||||||
Quoted Prices in | ||||||||||||||||
Active Markets for | Significant Other | Significant | ||||||||||||||
Identical Assets | Observable Inputs | Unobservable Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $— | $89,390 | $— | $89,390 | ||||||||||||
Argentina | 103 | — | — | 103 | ||||||||||||
Brazil | 3,655 | — | — | 3,655 | ||||||||||||
Chile | 619 | — | — | 619 | ||||||||||||
Columbia | 168 | — | — | 168 | ||||||||||||
Mexico | 6,395 | — | — | 6,395 | ||||||||||||
Russia | 274 | 8,202 | — | 8,476 | ||||||||||||
Thailand | 1,306 | — | — | 1,306 | ||||||||||||
Preferred Stock(a) | 10,657 | — | — | 10,657 | ||||||||||||
Short-Term Investments | — | 46 | — | 46 | ||||||||||||
Total | $23,177 | $97,638 | $— | $120,815 | ||||||||||||
* | Futures contracts are not included in Investments and are valued at the unrealized appreciation or depreciation. | |
** | The fund had no Other Financial Instruments. | |
(a) | As categorized in the complete schedule of holdings. |
(All dollar amounts are x 1,000)
(All dollar amounts are x 1,000)
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
Company | Company | Large Company | Company | Markets | ||||||||||||||||
Average daily net assets | Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | |||||||||||||||
First $500 million | 0.30% | 0.30% | 0.30% | 0.40% | 0.50% | |||||||||||||||
$500 million to $5 billion | 0.22% | 0.22% | 0.22% | 0.38% | 0.48% | |||||||||||||||
$5 billion to $10 billion | 0.20% | 0.20% | 0.20% | 0.36% | 0.46% | |||||||||||||||
over $10 billion | 0.18% | 0.18% | 0.18% | 0.34% | 0.44% |
Transfer Agent Fees | Shareholder Service Fees | |||||||
Investor Shares | 0.05 | % | 0.20 | % | ||||
Select Shares | 0.05 | % | 0.05 | % | ||||
Institutional Shares | 0.05 | % | 0.05 | % |
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
% of Average Daily | Company | Company | Large Company | Company | Markets | |||||||||||||||
Net Assets | Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | |||||||||||||||
Current rate | 0.35 | % | 0.35 | % | 0.35 | % | 0.55 | % | 0.60 | % | ||||||||||
Prior to May 5, 2009, the expense limitations were: | ||||||||||||||||||||
Investor Shares | 0.59 | % | 0.59 | % | 0.59 | % | 0.79 | % | 0.84 | % | ||||||||||
Select Shares | 0.44 | % | 0.44 | % | 0.44 | % | 0.64 | % | 0.69 | % | ||||||||||
Institutional Shares | 0.35 | % | 0.35 | % | 0.35 | % | 0.55 | % | 0.60 | % |
(All dollar amounts are x 1,000)
Purchases of Securities | Sales/Maturities of Securities | |||||||
Schwab Fundamental US Large Company Index Fund | $329,603 | $115,890 | ||||||
Schwab Fundamental US Small-Mid Company Index Fund | 131,758 | 61,377 | ||||||
Schwab Fundamental International Large Company Index Fund | 174,353 | 172,257 | ||||||
Schwab Fundamental International Small-Mid Company Index Fund | 43,352 | 18 898 | ||||||
Schwab Fundamental Emerging Markets Index Fund | 133,609 | 60,359 |
Current Period | Prior Period | |||||||
(11/01/08-10/31/09) | (11/01/07-10/31/08) | |||||||
Schwab Fundamental US Large Company Index Fund | $40 | $24 | ||||||
Schwab Fundamental US Small-Mid Company Index Fund | 47 | 9 | ||||||
Schwab Fundamental International Large Company Index Fund | 67 | 17 | ||||||
Schwab Fundamental International Small-Mid Company Index Fund | 2 | 1 | * | |||||
Schwab Fundamental Emerging Markets Index Fund | 11 | 11 | * |
* | For the period 1/31/08 — 10/31/08 |
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
Company | Company | Large Company | Company | Markets | ||||||||||||||||
Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | ||||||||||||||||
Undistributed Ordinary income | $5,936 | $1,625 | $6,189 | $1,538 | $962 | |||||||||||||||
Undistributed long-term capital gains | — | — | — | — | — | |||||||||||||||
Unrealized appreciation | 36,606 | 60,367 | 28,434 | 4,949 | 18,990 | |||||||||||||||
Unrealized depreciation | (117,234 | ) | (30,456 | ) | (60,117 | ) | (1,879 | ) | (1,007 | ) | ||||||||||
Other unrealized appreciation/(depreciation) | — | — | 10 | — | (287 | ) | ||||||||||||||
Net unrealized appreciation/(depreciation) | ($80,628 | ) | $29,911 | ($31,673 | ) | $3,070 | $17,696 |
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
Company | Company | Large Company | Company | Markets | ||||||||||||||||
Expiration Date | Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | |||||||||||||||
October 31, 2016 | $48,847 | $4,210 | $10,522 | $464 | $148 | |||||||||||||||
October 31, 2017 | 63,611 | 19,291 | 58,778 | 2,370 | 5,437 | |||||||||||||||
Total | $112,458 | $23,501 | $69,300 | $2,834 | $5,585 |
(All dollar amounts are x 1,000)
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
Company | Company | Large Company | Company | Markets | ||||||||||||||||
Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | ||||||||||||||||
Current period distributions | ||||||||||||||||||||
Ordinary income | $11,252 | $1,790 | $9,038 | $526 | $531 | |||||||||||||||
Long-term capital gains | — | — | — | — | — | |||||||||||||||
Return of capital | — | — | — | — | — | |||||||||||||||
Prior period distributions | ||||||||||||||||||||
Ordinary income | $4,523 | $570 | $2,707 | — | — | |||||||||||||||
Long-term capital gains | 143 | 32 | — | — | — | |||||||||||||||
Return of capital | — | — | — | — | — |
Schwab | ||||||||||||||||||||
Schwab | Schwab | Schwab | Fundamental | Schwab | ||||||||||||||||
Fundamental | Fundamental | Fundamental | International | Fundamental | ||||||||||||||||
US Large | US Small-Mid | International | Small-Mid | Emerging | ||||||||||||||||
Company | Company | Large Company | Company | Markets | ||||||||||||||||
Index Fund | Index Fund | Index Fund | Index Fund | Index Fund | ||||||||||||||||
Capital Shares | $— | ($— | ) | ($2 | ) | $— | $— | |||||||||||||
Undistributed net investment income | 153 | (28 | ) | 127 | 76 | (108 | ) | |||||||||||||
Net realized capital gains and losses | (153 | ) | 28 | (125 | ) | (76 | ) | 108 |
Foreign Tax Credit | Foreign Source Income | |||||||
Schwab Fundamental US Large Company Index Fund | $— | $— | ||||||
Schwab Fundamental US Small-Mid Company Index Fund | — | — | ||||||
Schwab Fundamental International Large Company Index Fund | 630 | 7,215 | ||||||
Schwab Fundamental International Small-Mid Company Index Fund | 57 | 599 | ||||||
Schwab Fundamental Emerging Markets Index Fund | 144 | 1,457 |
Percentage | ||||
Schwab Fundamental US Large Company Index Fund | 98.43 | |||
Schwab Fundamental US Small-Mid Company Index Fund | 87.97 | |||
Schwab Fundamental International Large Company Index Fund | — | |||
Schwab Fundamental International Small-Mid Company Index Fund | — | |||
Schwab Fundamental Emerging Markets Index Fund | — |
Schwab Fundamental US Large Company Index Fund | $11,252 | |||
Schwab Fundamental US Small-Mid Company Index Fund | 1,790 | |||
Schwab Fundamental International Large Company Index Fund | 9,502 | |||
Schwab Fundamental International Small-Mid Company Index Fund | 437 | |||
Schwab Fundamental Emerging Markets Index Fund | 461 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
Equity Fund
Equity Fund
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
10 | ||
12 | ||
14 | ||
16 | ||
18 | ||
20 | ||
22 | ||
24 | ||
25 | ||
93 | ||
111 | ||
113 | ||
115 | ||
118 |
Total Return for | ||
the Report Period | ||
Schwab Premier Equity Fund® | ||
(Ticker Symbol: SWPSX)1 | 6.01% | |
Benchmark: S&P 500® Index | 9.80% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 6-7 | |
Schwab Core Equity Fundtm | ||
(Ticker Symbol: SWANX) | 8.11% | |
Benchmark: S&P 500® Index | 9.80% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 8-9 | |
Schwab Dividend Equity Fundtm | ||
(Ticker Symbol: SWDSX)2 | 5.62% | |
Benchmark: S&P 500® Index | 9.80% | |
Fund Category: Morningstar Large-Cap Value | 9.53% | |
Performance Details | pages 10-11 | |
Schwab Large-Cap Growth Fundtm | ||
(Ticker Symbol: SWLSX)2 | 11.36% | |
Benchmark: Russell 1000 Growth Index | 17.51% | |
Fund Category: Morningstar Large-Cap Growth | 15.34% | |
Performance Details | pages 12-13 | |
Schwab Small-Cap Equity Fundtm | ||
(Ticker Symbol: SWSCX)1 | 5.65% | |
Benchmark: S&P Small-Cap 600 Index5 | 5.56% | |
Benchmark: Russell 2000® Index6 | 6.46% | |
Fund Category: Morningstar Small-Cap Blend | 11.42% | |
Performance Details | pages 14-15 | |
Schwab Hedged Equity Fundtm | ||
(Ticker Symbol: SWHEX)1 | 7.28% | |
Benchmark: S&P 500® Index | 9.80% | |
Fund Category: Morningstar Long-Short | 6.06% | |
Performance Details | pages 16-17 | |
Schwab Financial Services Fundtm | ||
(Ticker Symbol: SWFFX) | -1.10% | |
Benchmark: S&P 1500 SuperComposite Financials Sector Index | -7.04% | |
Fund Category: Morningstar Financial Services | 6.55% | |
Performance Details | pages 18-19 | |
Schwab Health Care Fundtm | ||
(Ticker Symbol: SWHFX)4 | 7.65% | |
Benchmark: S&P 1500 SuperComposite Health Care Sector Index5 | 7.40% | |
Benchmark: Dow Jones World Health Care Index7 | 10.75% | |
Fund Category: Morningstar Health Care | 8.72% | |
Performance Details | pages 20-21 | |
Schwab® International Core Equity Fund | ||
(Ticker Symbol: SICNX)3,4 | 25.98% | |
Benchmark: MSCI EAFE Index®(Gross)* | 28.41% | |
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | |
Performance Details | pages 22-23 | |
Minimum Initial Investment8 | $ 100 | |
* | The Morgan Stanley Capital International Europe, Australasia, Far East Index (Gross) (MSCI EAFE Index®) is a free float-adjusted market capitalization index that is designed to measure market equity performance in 22 developed market countries, excluding the U.S. and Canada. Investors cannot invest directly in any index and index figures do not include trading and management costs. |
1 | On September 28, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
2 | On October 7, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
3 | On October 7, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
4 | The fund’s performance relative to the index may be affected by fair-value pricing, see financial note 2 for more information. |
5 | This index was used as the fund’s benchmark until June 30, 2009. |
6 | Effective July 1, 2009, the fund uses the Russell 2000 Index as its benchmark index. The fund selected this index because the fund’s investment adviser believes that it provides a more accurate benchmark for comparing fund performance. |
7 | Effective July 1, 2009, the fund uses the Dow Jones World Health Care Index as its benchmark index. The fund selected this index because the fund’s investment adviser believes that it provides a more accurate benchmark for comparing fund performance. |
8 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment Officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of each of the funds. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Vivienne Hsu, CFA, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of each of the funds. Prior to joining the firm in August 2004, she worked for more than 11 years in asset management and quantitative analysis at other investment firms. | ||
Larry Mano, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of each of the funds. Prior to joining the firm in November 1998, he worked for 20 years in equity management. | ||
Paul Alan Davis, CFA, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of each of the funds. Prior to joining the firm in 2003, he worked for more than 12 years in portfolio management. | ||
Eric Thaller, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day co-management of the Schwab Large-Cap Growth Fund, Schwab Core Equity Fund, Schwab Small-Cap Equity Fund and Schwab International Core Equity Fund. Prior to joining the firm in January 2008, he worked for 12 years in quantitative analysis and asset management. |
Number of Holdings | 103 |
Cap ($ x 1,000,000) | $29,958 |
Price/Earnings Ratio (P/E) | 65.2 |
Price/Book Ratio (P/B) | 1.6 |
Portfolio Turnover Rate | 98% |
Information Technology | 16.9% |
Financials | 16.5% |
Health Care | 13.9% |
Energy | 11.8% |
Consumer Staples | 11.6% |
Industrials | 10.2% |
Consumer Discretionary | 9.3% |
Utilities | 3.2% |
Telecommunication Services | 2.9% |
Materials | 2.8% |
Other | 0.9% |
Total | 100.0% |
Quest Diagnostics, Inc. | 1.3% |
Kimberly-Clark Corp. | 1.3% |
Kraft Foods, Inc., Class A | 1.3% |
DTE Energy Co. | 1.3% |
Murphy Oil Corp. | 1.3% |
Archer-Daniels-Midland Co. | 1.2% |
Time Warner, Inc. | 1.2% |
Hewlett-Packard Co. | 1.2% |
Panera Bread Co., Class A | 1.2% |
The Travelers Cos., Inc. | 1.2% |
Total | 12.5% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,5
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Premier Equity Fund® (3/21/05) | 6.01% | -9.81% | -1.76% | |||||||||
Benchmark: S&P 500® Index | 9.80% | -7.02% | -0.91% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | -6.83% | -0.92% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Reflects the total annual fund operating expenses without contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
5 | On September 28, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Number of Holdings | 179 |
Cap ($ x 1,000,000) | $64,099 |
Price/Earnings Ratio (P/E) | 32.5 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate1 | 41% |
Information Technology | 19.1% |
Financials | 15.6% |
Health Care | 13.4% |
Energy | 12.4% |
Consumer Staples | 11.9% |
Industrials | 8.7% |
Consumer Discretionary | 7.1% |
Utilities | 3.0% |
Telecommunication Services | 2.8% |
Materials | 2.6% |
Other | 3.4% |
Total | 100.0% |
Corp. | 4.0% |
Hewlett-Packard Co. | 3.9% |
JPMorgan Chase & Co. | 3.5% |
Pfizer, Inc. | 2.3% |
The Procter & Gamble Co. | 2.2% |
Occidental Petroleum Corp. | 2.0% |
Anadarko Petroleum Corp. | 1.9% |
Wal-Mart Stores, Inc. | 1.8% |
Exxon Mobil Corp. | 1.8% |
Apple, Inc. | 1.7% |
Total | 25.1% |
1 | Portfolio turnover excludes the impact of investment activity resulting from a merger with another fund (see financial note 11). |
2 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab Core Equity Fundtm (7/1/96) | 8.11% | 2.02% | -0.26% | |||||||||
Benchmark: S&P 500®Index | 9.80% | 0.33% | -0.95% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
Number of Holdings | 132 |
Cap ($ x 1,000,000) | $53,742 |
Price/Earnings Ratio (P/E) | 33.9 |
Price/Book Ratio (P/B) | 1.9 |
Portfolio Turnover Rate | 39% |
Information Technology | 14.9% |
Financials | 14.2% |
Health Care | 13.5% |
Energy | 13.3% |
Consumer Staples | 12.5% |
Industrials | 9.8% |
Consumer Discretionary | 8.9% |
Utilities | 5.3% |
Telecommunication Services | 3.3% |
Materials | 2.8% |
Other | 1.5% |
Total | 100.0% |
JPMorgan Chase & Co. | 2.5% |
Corp. | 2.5% |
Occidental Petroleum Corp. | 2.5% |
Hewlett-Packard Co. | 2.1% |
Johnson & Johnson | 1.8% |
McDonald’s Corp. | 1.7% |
Intel Corp. | 1.7% |
Abbott Laboratories | 1.7% |
Anadarko Petroleum Corp. | 1.6% |
Reynolds American, Inc. | 1.6% |
Total | 19.7% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,5
Fund and Inception Date | 1 Year | 5 Years | Since Inception | |||||||||
Fund: Schwab Dividend Equity Fundtm (9/2/03) | 5.62% | 1.31% | 4.66% | |||||||||
Benchmark: S&P 500®Index | 9.80% | 0.33% | 2.47% | |||||||||
Fund Category: Morningstar Large-Cap Value | 9.53% | 0.14% | 2.74% |
30-Day SEC Yield | 1.84% | |||
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
5 | On October 7, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Number of Holdings | 118 |
Cap ($ x 1,000,000) | $59,352 |
Price/Earnings Ratio (P/E) | 22.4 |
Price/Book Ratio (P/B) | 2.9 |
Portfolio Turnover Rate | 63% |
Information Technology | 32.4% |
Health Care | 16.0% |
Consumer Staples | 14.4% |
Consumer Discretionary | 10.7% |
Industrials | 9.3% |
Energy | 6.2% |
Financials | 6.0% |
Materials | 3.4% |
Utilities | 0.5% |
Telecommunication Services | 0.1% |
Other | 1.0% |
Total | 100.0% |
Hewlett-Packard Co. | 5.1% |
Corp. | 5.0% |
Wal-Mart Stores, Inc. | 2.9% |
Accenture plc, Class A | 2.9% |
McDonald’s Corp. | 2.9% |
Express Scripts, Inc. | 2.8% |
Occidental Petroleum Corp. | 2.6% |
Microsoft Corp. | 2.5% |
Amgen, Inc. | 2.2% |
Kimberly-Clark Corp. | 2.0% |
Total | 30.9% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,5
Fund and Inception Date | 1 Year | 3 Years | Since Inception | |||||||||
Fund: Schwab Large-Cap Growth Fundtm (10/3/05) | 11.36% | -5.97% | -1.96% | |||||||||
Benchmark: Russell 1000 Growth Index | 17.51% | -4.05% | -0.75% | |||||||||
Fund Category: Morningstar Large-Cap Growth | 15.34% | -4.95% | -1.73% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
5 | On October 7, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Number of Holdings | 321 |
Cap ($ x 1,000,000) | $930 |
Price/Earnings Ratio (P/E) | -12.6 |
Price/Book Ratio (P/B) | 1.4 |
Portfolio Turnover Rate | 85% |
Financials | 17.2% |
Information Technology | 16.9% |
Industrials | 15.8% |
Health Care | 14.5% |
Consumer Discretionary | 11.7% |
Consumer Staples | 5.4% |
Energy | 4.6% |
Materials | 3.6% |
Utilities | 3.3% |
Telecommunication Services | 1.4% |
Other | 5.6% |
Total | 100.0% |
Platinum Underwriters Holdings Ltd. | 0.8% |
Rock-Tenn Co., Class A | 0.7% |
EMCOR Group, Inc. | 0.7% |
Veeco Instruments, Inc. | 0.7% |
Steven Madden Ltd. | 0.7% |
Carter’s, Inc. | 0.6% |
Class A | 0.6% |
Class A | 0.6% |
UMB Financial Corp. | 0.6% |
The Warnaco Group, Inc. | 0.6% |
Total | 6.6% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,5
Fund and Inception Date | 1 Year | 5 Years | Since Inception | |||||||||
Fund: Schwab Small-Cap Equity Fundtm (7/1/03) | 5.65% | -0.73% | 5.32% | |||||||||
Benchmark: S&P Small-Cap 600 Index* | 5.56% | 1.26% | 6.00% | |||||||||
Benchmark: Russell 2000® Index** | 6.46% | 0.59% | 4.98% | |||||||||
Fund Category: Morningstar Small-Cap Blend | 11.42% | 0.44% | 4.84% |
* | This index was used as the fund’s benchmark until June 30, 2009. |
** | Effective July 1, 2009, the fund uses the Russell 2000 Index as its benchmark index. The fund selected this index because the fund’s investment adviser believes that it provides a more accurate benchmark for comparing fund performance. |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Reflects the total annual fund operating expenses without contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
5 | On September 28, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Long Holdings | 169 |
Short Positions | 99 |
Long Holdings | $19,333 |
Short Positions | $11,576 |
Long Holdings | 136.6 |
Short Positions | (18.6) |
Long Holdings | 1.7 |
Short Positions | 2.3 |
Portfolio Turnover Rate | 169% |
excluding short sales | 90% |
Anadarko Petroleum Corp. | 2.4% |
World Fuel Services Corp. | 2.4% |
Sybase, Inc. | 2.4% |
The Gap, Inc. | 2.3% |
Discover Financial Services | 2.2% |
Total | 11.7% |
The Boeing Co. | 0.8% |
Legg Mason, Inc. | 0.8% |
EQT Corp. | 0.8% |
Alcoa, Inc. | 0.7% |
Staples, Inc. | 0.7% |
Total | 3.8% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | Since Inception | |||||||||
Fund: Schwab Hedged Equity Fundtm (9/3/02) | 7.28% | 2.38% | 5.46% | |||||||||
Benchmark: S&P 500® Index | 9.80% | 0.33% | 3.76% | |||||||||
Fund Category: Morningstar Long-Short | 6.06% | 2.23% | 1.06% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Includes dividend expense on securities sold short. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On September 28, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Number of Holdings | 84 |
Cap ($ x 1,000,000) | $36,287 |
Price/Earnings Ratio (P/E) | -28.7 |
Price/Book Ratio (P/B) | 1.0 |
Portfolio Turnover | 47% |
Diversified Financials | 46.7% |
Insurance | 20.9% |
Banks | 14.6% |
Real Estate | 9.3% |
Software & Services | 5.9% |
Services | 1.2% |
Short-Term Investment | 1.4% |
Total | 100.0% |
JPMorgan Chase & Co. | 6.5% |
The Goldman Sachs Group, Inc. | 6.1% |
Bank of America Corp. | 5.2% |
Morgan Stanley | 4.9% |
The Travelers Cos., Inc. | 4.0% |
Discover Financial Services | 3.7% |
Prudential Financial, Inc. | 2.9% |
Unum Group | 2.7% |
BlackRock, Inc. | 2.6% |
Western Union Co. | 2.6% |
Total | 41.2% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Fund and Inception Date | 1 Year | 5 Years | Since Inception | |||||||||
Fund: Schwab Financial Services Fundtm (7/3/00) | -1.10% | -4.32% | 1.38% | |||||||||
Benchmark: S&P 1500 SuperComposite Financials Sector Index | -7.04% | -10.01% | -2.12% | |||||||||
Fund Category: Morningstar Financial Services | 6.55% | -5.77% | 2.22% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
Number of Holdings | 133 |
Cap ($ x 1,000,000) | $43,927 |
Price/Earnings Ratio (P/E) | 17.3 |
Price/Book Ratio (P/B) | 2.2 |
Portfolio Turnover | 36% |
& Life Sciences | 62.8% |
Healthcare - Services | 33.0% |
Materials | 0.8% |
Diversified Financials | 0.5% |
Capital Goods | 0.4% |
Other | 2.5% |
Total | 100.0% |
Pfizer, Inc. | 5.5% |
Johnson & Johnson | 5.5% |
Amgen, Inc. | 4.7% |
Merck & Co., Inc. | 4.1% |
Abbott Laboratories | 3.5% |
Baxter International, Inc. | 2.8% |
Bristol-Myers Squibb Co. | 2.8% |
Express Scripts, Inc. | 2.4% |
Roche Holding AG | 2.4% |
McKesson Corp. | 2.4% |
Total | 36.1% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1
Fund and Inception Date | 1 Year | 5 Years | Since Inception | |||||||||
Fund: Schwab Health Care Fundtm (7/3/00) | 7.65% | 4.99% | 3.71% | |||||||||
Benchmark: S&P 1500 SuperComposite Health Care Sector Index* | 7.40% | 2.07% | 0.02% | |||||||||
Benchmark: Dow Jones World Health Care Index** | 10.75% | 3.92% | 1.05% | |||||||||
Fund Category: Morningstar Health Care | 8.72% | 3.10% | 0.78% |
* | This index was used as the fund’s benchmark until June 30, 2009. |
** | Effective July 1, 2009, the fund uses the Dow Jones World Health Care Index as its benchmark index. The fund selected this index because the fund’s investment adviser believes that it provides a more accurate benchmark for comparing fund performance. |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
Japan | 22.2% |
United Kingdom | 20.1% |
France | 9.6% |
Australia | 9.4% |
Germany | 6.6% |
Spain | 5.9% |
Switzerland | 5.5% |
Hong Kong | 4.3% |
Other Countries | 16.4% |
Total | 100.0% |
Number of Holdings | 188 |
Cap ($ x 1,000,000) | $38,736 |
Price/Earnings Ratio (P/E) | 14.4 |
Price/Book Ratio (P/B) | 1.5 |
Portfolio Turnover Rate | 94% |
Financials | 24.2% |
Industrials | 13.4% |
Materials | 10.5% |
Health Care | 10.1% |
Consumer Discretionary | 9.9% |
Consumer Staples | 8.7% |
Energy | 7.8% |
Utilities | 4.5% |
Information Technology | 4.5% |
Telecommunication Services | 4.5% |
Other | 1.9% |
Total | 100.0% |
Telefonica S.A. | 2.0% |
HSBC Holding plc | 2.0% |
BP plc | 1.9% |
Sanofi-Aventis | 1.6% |
GlaxoSmithKline plc | 1.6% |
Royal Dutch Shell plc, B Share | 1.6% |
Nestle S.A. - Reg’d | 1.4% |
Banco Santander S.A. | 1.4% |
Novartis AG - Reg’d | 1.2% |
BHP Billiton Ltd. | 1.2% |
Total | 15.9% |
1 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,5
Fund and Inception Date | 1 Year | Since Inception | ||||||
Fund: Schwab® International Core Equity Fund (5/30/08) | 25.98% | -19.25% | ||||||
Benchmark: MSCI EAFE Index®(Gross)* | 28.41% | -18.04% | ||||||
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | -20.48% |
* | The Morgan Stanley Capital International Europe, Australasia, Far East Index (Gross) (MSCI EAFE Index®) is a free float-adjusted market capitalization index that is designed to measure market equity performance in 22 developed market countries, excluding the U.S. and Canada. Investors cannot invest directly in any index and index figures do not include trading and management costs. |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. These returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
2 | Source for category information: Morningstar, Inc. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
5 | On October 7, 2009, the Investor Share class, Select Share class and Institutional Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Institutional Shares. Accordingly, the past performance shown is that of the fund’s former Institutional Shares. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Schwab Premier Equity Fund®* | ||||||||||||||||
Actual Return | 1.02% | $ | 1,000 | $ | 1,163.70 | $ | 5.56 | |||||||||
Hypothetical 5% Return | 1.02% | $ | 1,000 | $ | 1,020.06 | $ | 5.19 | |||||||||
Schwab Core Equity Fundtm | ||||||||||||||||
Actual Return | 0.75% | $ | 1,000 | $ | 1,181.40 | $ | 4.12 | |||||||||
Hypothetical 5% Return | 0.75% | $ | 1,000 | $ | 1,021.42 | $ | 3.82 | |||||||||
Schwab Dividend Equity Fundtm* | ||||||||||||||||
Actual Return | 0.89% | $ | 1,000 | $ | 1,187.20 | $ | 4.91 | |||||||||
Hypothetical 5% Return | 0.89% | $ | 1,000 | $ | 1,020.72 | $ | 4.53 | |||||||||
Schwab Large-Cap Growth Fundtm* | ||||||||||||||||
Actual Return | 0.99% | $ | 1,000 | $ | 1,180.30 | $ | 5.44 | |||||||||
Hypothetical 5% Return | 0.99% | $ | 1,000 | $ | 1,020.21 | $ | 5.04 | |||||||||
Schwab Small-Cap Equity Fundtm* | ||||||||||||||||
Actual Return | 1.12% | $ | 1,000 | $ | 1,146.10 | $ | 6.06 | |||||||||
Hypothetical 5% Return | 1.12% | $ | 1,000 | $ | 1,019.56 | $ | 5.70 | |||||||||
Schwab Hedged Equity Fundtm* | ||||||||||||||||
Actual Return | 1.88% | $ | 1,000 | $ | 1,119.00 | $ | 10.04 | |||||||||
Hypothetical 5% Return | 1.88% | $ | 1,000 | $ | 1,015.73 | $ | 9.55 | |||||||||
Schwab Financial Services Fundtm | ||||||||||||||||
Actual Return | 0.91% | $ | 1,000 | $ | 1,219.80 | $ | 5.09 | |||||||||
Hypothetical 5% Return | 0.91% | $ | 1,000 | $ | 1,020.62 | $ | 4.63 | |||||||||
Schwab Health Care Fundtm | ||||||||||||||||
Actual Return | 0.82% | $ | 1,000 | $ | 1,185.70 | $ | 4.52 | |||||||||
Hypothetical 5% Return | 0.82% | $ | 1,000 | $ | 1,021.07 | $ | 4.18 | |||||||||
Schwab® International Core Equity Fund* | ||||||||||||||||
Actual Return | 0.87% | $ | 1,000 | $ | 1,315.80 | $ | 5.08 | |||||||||
Hypothetical 5% Return | 0.87% | $ | 1,000 | $ | 1,020.82 | $ | 4.43 |
* | Effective May 5, 2009, the net operating expense limitation was reduced. See financial note 4 for more information. |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/081– | 11/1/07– | 11/1/06– | 11/1/05 – | 3/21/052 – | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.05 | 14.01 | 12.51 | 10.71 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.04 | 0.06 | 0.04 | 0.02 | 0.03 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.43 | (5.11 | ) | 1.48 | 1.83 | 0.68 | ||||||||||||||
Total from investment operations | 0.47 | (5.05 | ) | 1.52 | 1.85 | 0.71 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.06 | ) | (0.05 | ) | (0.02 | ) | (0.05 | ) | — | |||||||||||
Distributions from net realized gains | — | (0.86 | ) | — | — | — | ||||||||||||||
Total distributions | (0.06 | ) | (0.91 | ) | (0.02 | ) | (0.05 | ) | — | |||||||||||
Net asset value at end of period | 8.46 | 8.05 | 14.01 | 12.51 | 10.71 | |||||||||||||||
Total return (%) | 6.01 | (38.32 | ) | 12.20 | 17.28 | 7.10 | 3 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.04 | 4 | 1.02 | 1.01 | 1.02 | 0.68 | 5 | |||||||||||||
Gross operating expenses | 1.04 | 1.02 | 1.01 | 1.03 | 1.08 | 5 | ||||||||||||||
Net investment income (loss) | 0.54 | 0.50 | 0.32 | 0.17 | 0.63 | 5 | ||||||||||||||
Portfolio turnover rate | 98 | 92 | 72 | 73 | 33 | 3 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 365 | 441 | 983 | 857 | 481 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .2% | Common Stock | 336,502 | 362,368 | ||||||||
0 | .9% | Other Investment Company | 3,072 | 3,072 | ||||||||
—% | Short-Term Investment | 125 | 125 | |||||||||
100 | .1% | Total Investments | 339,699 | 365,565 | ||||||||
(0 | .1)% | Other Assets and Liabilities, Net | (409 | ) | ||||||||
100 | .0% | Total Net Assets | 365,156 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 99.2% of net assets | ||||||||
Banks 2.9% | ||||||||
First Horizon National Corp. * | 288,940 | 3,418 | ||||||
Huntington Bancshares, Inc. | 750,000 | 2,857 | ||||||
UMB Financial Corp. | 110,000 | 4,375 | ||||||
10,650 | ||||||||
Capital Goods 6.5% | ||||||||
Cubic Corp. | 60,000 | 2,083 | ||||||
DynCorp International, Inc., Class A * | 200,000 | 3,400 | ||||||
EMCOR Group, Inc. * | 170,000 | 4,015 | ||||||
EnerSys * | 170,000 | 3,757 | ||||||
General Electric Co. | 250,000 | 3,565 | ||||||
Tyco International Ltd. | 100,000 | 3,355 | ||||||
URS Corp. * | 95,000 | 3,692 | ||||||
23,867 | ||||||||
Commercial & Professional Supplies 1.1% | ||||||||
R.R. Donnelley & Sons Co. | 200,000 | 4,016 | ||||||
Consumer Durables & Apparel 1.4% | ||||||||
Carter’s, Inc. * | 150,000 | 3,540 | ||||||
Jarden Corp. | 55,000 | 1,506 | ||||||
5,046 | ||||||||
Consumer Services 1.2% | ||||||||
Panera Bread Co., Class A * | 75,000 | 4,499 | ||||||
Diversified Financials 8.9% | ||||||||
Bank of America Corp. | 250,000 | 3,645 | ||||||
BlackRock, Inc. | 20,000 | 4,330 | ||||||
Discover Financial Services | 275,000 | 3,889 | ||||||
Interactive Brokers Group, Inc., Class A * | 200,000 | 3,202 | ||||||
JPMorgan Chase & Co. | 100,000 | 4,177 | ||||||
Lazard Ltd., Class A | 75,000 | 2,831 | ||||||
TD Ameritrade Holding Corp. * | 225,000 | 4,342 | ||||||
The Goldman Sachs Group, Inc. | 24,000 | 4,084 | ||||||
UBS AG - Reg’d * | 125,000 | 2,074 | ||||||
32,574 | ||||||||
Energy 11.8% | ||||||||
Anadarko Petroleum Corp. | 67,500 | 4,113 | ||||||
ConocoPhillips | 75,000 | 3,764 | ||||||
El Paso Corp. | 435,000 | 4,267 | ||||||
EOG Resources, Inc. | 50,000 | 4,083 | ||||||
Murphy Oil Corp. | 75,000 | 4,585 | ||||||
Nabors Industries Ltd. * | 200,000 | 4,166 | ||||||
National-Oilwell Varco, Inc. * | 90,000 | 3,689 | ||||||
Occidental Petroleum Corp. | 52,500 | 3,984 | ||||||
The Williams Cos., Inc. | 235,000 | 4,430 | ||||||
World Fuel Services Corp. | 65,000 | 3,305 | ||||||
XTO Energy, Inc. | 65,000 | 2,701 | ||||||
43,087 | ||||||||
Food & Staples Retailing 2.9% | ||||||||
Wal-Mart Stores, Inc. | 85,000 | 4,223 | ||||||
Whole Foods Market, Inc. * | 110,000 | 3,527 | ||||||
Winn-Dixie Stores, Inc. * | 250,000 | 2,772 | ||||||
10,522 | ||||||||
Food, Beverage & Tobacco 7.1% | ||||||||
Archer-Daniels-Midland Co. | 150,000 | 4,518 | ||||||
Coca-Cola Enterprises, Inc. | 215,000 | 4,100 | ||||||
ConAgra Foods, Inc. | 200,000 | 4,200 | ||||||
Constellation Brands, Inc., Class A * | 125,000 | 1,978 | ||||||
Del Monte Foods Co. | 300,000 | 3,240 | ||||||
Kraft Foods, Inc., Class A | 170,000 | 4,678 | ||||||
Reynolds American, Inc. | 65,000 | 3,151 | ||||||
25,865 | ||||||||
Health Care Equipment & Services 5.5% | ||||||||
Express Scripts, Inc. * | 45,000 | 3,596 | ||||||
Hospira, Inc. * | 95,000 | 4,241 | ||||||
McKesson Corp. | 75,000 | 4,405 | ||||||
Omnicare, Inc. | 135,000 | 2,925 | ||||||
Quest Diagnostics, Inc. | 85,000 | 4,754 | ||||||
19,921 | ||||||||
Household & Personal Products 1.6% | ||||||||
Kimberly-Clark Corp. | 77,500 | 4,740 | ||||||
Nu Skin Enterprises, Inc., Class A | 50,000 | 1,138 | ||||||
5,878 | ||||||||
Insurance 3.9% | ||||||||
Aflac, Inc. | 50,000 | 2,074 | ||||||
Prudential Financial, Inc. | 85,000 | 3,845 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
The Travelers Cos., Inc. | 90,000 | 4,481 | ||||||
Unum Group | 200,000 | 3,990 | ||||||
14,390 | ||||||||
Materials 2.8% | ||||||||
International Paper Co. | 125,000 | 2,789 | ||||||
MeadWestvaco Corp. | 175,000 | 3,995 | ||||||
Owens-Illinois, Inc. * | 110,000 | 3,507 | ||||||
10,291 | ||||||||
Media 2.2% | ||||||||
Comcast Corp., Class A | 250,000 | 3,625 | ||||||
Time Warner, Inc. | 150,000 | 4,518 | ||||||
8,143 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.4% | ||||||||
Amgen, Inc. * | 75,000 | 4,030 | ||||||
Biogen Idec, Inc. * | 70,000 | 2,949 | ||||||
Forest Laboratories, Inc. * | 150,000 | 4,151 | ||||||
Johnson & Johnson | 65,000 | 3,838 | ||||||
King Pharmaceuticals, Inc. * | 400,000 | 4,052 | ||||||
Millipore Corp. * | 65,000 | 4,356 | ||||||
Pfizer, Inc. | 200,000 | 3,406 | ||||||
Watson Pharmaceuticals, Inc. * | 115,000 | 3,958 | ||||||
30,740 | ||||||||
Real Estate 0.8% | ||||||||
Corporate Office Properties Trust | 85,000 | 2,821 | ||||||
Retailing 4.5% | ||||||||
Family Dollar Stores, Inc. | 150,000 | 4,245 | ||||||
Macy’s, Inc. | 220,000 | 3,865 | ||||||
The Gap, Inc. | 190,000 | 4,055 | ||||||
The TJX Cos., Inc. | 115,000 | 4,295 | ||||||
16,460 | ||||||||
Semiconductors & Semiconductor Equipment 2.0% | ||||||||
FEI Co. * | 162,500 | 3,869 | ||||||
Skyworks Solutions, Inc. * | 315,000 | 3,286 | ||||||
7,155 | ||||||||
Software & Services 6.2% | ||||||||
Broadridge Financial Solutions, Inc. | 125,000 | 2,601 | ||||||
Computer Sciences Corp. * | 85,000 | 4,310 | ||||||
EarthLink, Inc. | 200,000 | 1,620 | ||||||
SAIC, Inc. * | 250,000 | 4,428 | ||||||
Sybase, Inc. * | 110,000 | 4,352 | ||||||
Synopsys, Inc. * | 175,000 | 3,850 | ||||||
TeleTech Holdings, Inc. * | 80,000 | 1,431 | ||||||
22,592 | ||||||||
Technology Hardware & Equipment 8.8% | ||||||||
Apple, Inc. * | 20,000 | 3,770 | ||||||
Cisco Systems, Inc. * | 170,000 | 3,885 | ||||||
EMC Corp. * | 225,000 | 3,706 | ||||||
Hewlett-Packard Co. | 95,000 | 4,509 | ||||||
Ingram Micro, Inc., Class A * | 250,000 | 4,412 | ||||||
International Business Machines Corp. | 36,000 | 4,342 | ||||||
SYNNEX Corp. * | 55,000 | 1,415 | ||||||
Tech Data Corp. * | 75,000 | 2,882 | ||||||
Tellabs, Inc. * | 550,000 | 3,311 | ||||||
32,232 | ||||||||
Telecommunication Services 2.9% | ||||||||
AT&T, Inc. | 135,000 | 3,465 | ||||||
Telephone & Data Systems, Inc. | 115,000 | 3,406 | ||||||
Verizon Communications, Inc. | 125,000 | 3,699 | ||||||
10,570 | ||||||||
Transportation 2.6% | ||||||||
Con-way, Inc. | 110,000 | 3,629 | ||||||
FedEx Corp. | 50,000 | 3,634 | ||||||
Ryder System, Inc. | 50,000 | 2,028 | ||||||
9,291 | ||||||||
Utilities 3.2% | ||||||||
DTE Energy Co. | 125,000 | 4,622 | ||||||
Northeast Utilities | 150,000 | 3,458 | ||||||
NRG Energy, Inc. * | 160,000 | 3,678 | ||||||
11,758 | ||||||||
Total Common Stock (Cost $336,502) | 362,368 | |||||||
Other Investment Company 0.9% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 3,071,724 | 3,072 | ||||||
Total Other Investment Company (Cost $3,072) | 3,072 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.0% of net assets | ||||||||
U.S. Treasury Obligation 0.0% | ||||||||
U.S. Treasury Bills | ||||||||
0.02%, 12/17/09 (a) | 125 | 125 | ||||||
Total Short-Term Investment (Cost $125) | 125 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 25 | 1,291 | (63 | ) |
Assets | ||||||
Investments, at value (cost $339,699) | $365,565 | |||||
Receivables: | ||||||
Investments sold | 330 | |||||
Dividends | 265 | |||||
Fund shares sold | 24 | |||||
Foreign tax reclaims | 4 | |||||
Prepaid expenses | + | 6 | ||||
Total assets | 366,194 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 45 | |||||
Shareholder services fees to affiliate | 5 | |||||
Fund shares redeemed | 892 | |||||
Due to brokers for futures | 36 | |||||
Accrued expenses | + | 60 | ||||
Total liabilities | 1,038 | |||||
Net Assets | ||||||
Total assets | 366,194 | |||||
Total liabilities | − | 1,038 | ||||
Net assets | $365,156 | |||||
Net Assets by Source | ||||||
Capital received from investors | 562,785 | |||||
Net investment income not yet distributed | 1,644 | |||||
Net realized capital losses | (225,076 | ) | ||||
Net unrealized capital gains | 25,803 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$365,156 | 43,186 | $8.46 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $3) | $8,658 | |||||
Interest | + | 54 | ||||
Total investment income | 8,712 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (165,113 | ) | ||||
Net realized losses on futures contracts | + | (4,551 | ) | |||
Net realized losses | (169,664 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 188,623 | |||||
Net unrealized gains on futures contracts | + | 2,605 | ||||
Net unrealized gains | 191,228 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 4,591 | |||||
Transfer agent and shareholder services fees: | ||||||
Investor Shares 1 | 442 | |||||
Select Shares | 567 | |||||
Shareholder reports | 64 | |||||
Registration fees | 51 | |||||
Portfolio accounting fees | 46 | |||||
Professional fees | 37 | |||||
Custodian fees | 17 | |||||
Trustees’ fees | 11 | |||||
Other expenses | + | 13 | ||||
Total expenses | 5,839 | |||||
Expense reduction by adviser and Schwab | − | 67 | ||||
Net expenses | 5,772 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 8,712 | |||||
Net Expenses | − | 5,772 | ||||
Net investment income | 2,940 | |||||
Net realized losses | (169,664 | ) | ||||
Net unrealized gains | + | 191,228 | ||||
Increase in net assets from operations | $24,504 |
1 | Effective September 28, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $2,940 | $5,310 | ||||||||
Net realized losses | (169,664 | ) | (55,087 | ) | ||||||
Net unrealized gains (losses) | + | 191,228 | (457,934 | ) | ||||||
Increase (Decrease) in net assets from operations | 24,504 | (507,711 | ) | |||||||
Distributions to Shareholders 1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 1,201 | 1,212 | ||||||||
Select Shares | + | 3,171 | 3,379 | |||||||
Total distributions from net investment income | 4,372 | 4,591 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 39,517 | ||||||||
Select Shares | + | — | 58,845 | |||||||
Total distributions from net realized gains | - | 98,362 | ||||||||
Total distributions | $4,372 | $102,953 |
Transactions in Fund Shares 1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 538 | $3,885 | 1,998 | $23,061 | ||||||||||||||
Select Shares | + | 28,809 | 240,889 | 8,803 | 96,437 | |||||||||||||
Total Shares Sold | 29,347 | $244,774 | 10,801 | $119,498 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 154 | $1,099 | 3,027 | $37,593 | ||||||||||||||
Select Shares | + | 256 | 1,818 | 3,526 | 43,788 | |||||||||||||
Total Shares Reinvested | 410 | $2,917 | 6,553 | $81,381 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (33,190 | ) | ($274,028 | ) | (19,931 | ) | ($223,871 | ) | ||||||||||
Select Shares | + | (40,598 | ) | (330,275 | ) | (27,777 | ) | (310,406 | ) | |||||||||
Total Shares Redeemed | (73,788 | ) | ($604,303 | ) | (47,708 | ) | ($534,277 | ) | ||||||||||
Net transactions in fund shares | (44,031 | ) | ($356,612 | ) | (30,354 | ) | ($333,398 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 87,217 | $701,636 | 117,571 | $1,645,698 | ||||||||||||||
Total decrease | + | (44,031 | ) | (336,480 | ) | (30,354 | ) | (944,062 | ) | |||||||||
End of period | 43,186 | $365,156 | 87,217 | $701,636 | ||||||||||||||
Net investment income not yet distributed | $1,644 | $3,076 |
1 | Effective September 28, 2009, all outstanding Investor Shares (20,839 shares valued at $183,648) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 13.43 | 20.49 | 18.40 | 15.81 | 13.81 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.17 | 0.23 | 0.16 | 0.10 | 0.13 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.88 | (7.06 | ) | 2.35 | 2.58 | 2.03 | ||||||||||||||
Total from investment operations | 1.05 | (6.83 | ) | 2.51 | 2.68 | 2.16 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.22 | ) | (0.18 | ) | (0.10 | ) | (0.09 | ) | (0.16 | ) | ||||||||||
Distributions from net realized gains | — | (0.05 | ) | (0.32 | ) | — | — | |||||||||||||
Total distributions | (0.22 | ) | (0.23 | ) | (0.42 | ) | (0.09 | ) | (0.16 | ) | ||||||||||
Net asset value at end of period | 14.26 | 13.43 | 20.49 | 18.40 | 15.81 | |||||||||||||||
Total return (%) | 8.11 | (33.71 | ) | 13.88 | 17.02 | 15.74 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | |||||||||||||||
Gross operating expenses | 0.78 | 0.78 | 0.78 | 0.81 | 0.85 | |||||||||||||||
Net investment income (loss) | 1.39 | 1.28 | 0.91 | 0.63 | 0.93 | |||||||||||||||
Portfolio turnover rate | 41 | 1 | 35 | 18 | 42 | 48 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 1,770 | 1,449 | 2,133 | 1,125 | 547 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
96 | .5% | Common Stock | 1,686,138 | 1,708,535 | ||||||||
3 | .0% | Other Investment Company | 52,846 | 52,846 | ||||||||
0 | .4% | Short-Term Investment | 6,890 | 6,890 | ||||||||
99 | .9% | Total Investments | 1,745,874 | 1,768,271 | ||||||||
0 | .1% | Collateral Invested for Securities on Loan | 1,974 | 1,974 | ||||||||
0 | .0% | Other Assets and Liabilities, Net | (465 | ) | ||||||||
100 | .0% | Total Net Assets | 1,769,780 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 96.5% of net assets | ||||||||
Automobiles & Components 0.2% | ||||||||
Ford Motor Co. * | 540,000 | 3,780 | ||||||
Banks 0.3% | ||||||||
Fifth Third Bancorp | 30,327 | 271 | ||||||
First Horizon National Corp. * | 17,723 | 210 | ||||||
Huntington Bancshares, Inc. | 900,000 | 3,429 | ||||||
SunTrust Banks, Inc. | 103,400 | 1,976 | ||||||
5,886 | ||||||||
Capital Goods 5.4% | ||||||||
Alliant Techsystems, Inc. * | 3,550 | 276 | ||||||
Dover Corp. | 10,750 | 405 | ||||||
Flowserve Corp. | 50,000 | 4,911 | ||||||
Fluor Corp. | 245,600 | 10,910 | ||||||
General Dynamics Corp. | 50,110 | 3,142 | ||||||
Illinois Tool Works, Inc. | 13,100 | 602 | ||||||
ITT Corp. | 130,000 | 6,591 | ||||||
Lockheed Martin Corp. | 375,000 | 25,796 | ||||||
Navistar International Corp. * | 60,000 | 1,988 | ||||||
Northrop Grumman Corp. | 220,450 | 11,051 | ||||||
Owens Corning, Inc. * | 75,000 | 1,658 | ||||||
Raytheon Co. | 460,000 | 20,829 | ||||||
SPX Corp. | 7,090 | 374 | ||||||
United Technologies Corp. | 125,000 | 7,681 | ||||||
96,214 | ||||||||
Commercial & Professional Supplies 1.5% | ||||||||
Avery Dennison Corp. | 301,000 | 10,731 | ||||||
Equifax, Inc. | 65,000 | 1,780 | ||||||
R.R. Donnelley & Sons Co. | 715,000 | 14,357 | ||||||
26,868 | ||||||||
Consumer Durables & Apparel 0.6% | ||||||||
Newell Rubbermaid, Inc. | 250,000 | 3,627 | ||||||
Polo Ralph Lauren Corp. | 85,000 | 6,326 | ||||||
9,953 | ||||||||
Consumer Services 1.0% | ||||||||
Life Time Fitness, Inc. * | 10,000 | 215 | ||||||
McDonald’s Corp. | 300,000 | 17,583 | ||||||
17,798 | ||||||||
Diversified Financials 9.4% | ||||||||
Ameriprise Financial, Inc. | 128,000 | 4,438 | ||||||
Bank of America Corp. | 1,935,000 | 28,212 | ||||||
Bank of New York Mellon Corp. | 100,000 | 2,666 | ||||||
Capital One Financial Corp. | 75,000 | 2,745 | ||||||
Discover Financial Services | 672,050 | 9,503 | ||||||
JPMorgan Chase & Co. | 1,463,540 | 61,132 | ||||||
Knight Capital Group, Inc., Class A * | 20,575 | 347 | ||||||
Lazard Ltd., Class A | 150,000 | 5,662 | ||||||
Morgan Stanley | 561,700 | 18,042 | ||||||
Northern Trust Corp. | 58,000 | 2,914 | ||||||
State Street Corp. | 100,000 | 4,198 | ||||||
The Goldman Sachs Group, Inc. | 155,979 | 26,543 | ||||||
166,402 | ||||||||
Energy 12.4% | ||||||||
Anadarko Petroleum Corp. | 539,600 | 32,878 | ||||||
Apache Corp. | 8,681 | 817 | ||||||
Cameron International Corp. * | 10,400 | 384 | ||||||
ConocoPhillips | 445,900 | 22,375 | ||||||
El Paso Corp. | 500,000 | 4,905 | ||||||
ENSCO International, Inc. | 200,000 | 9,158 | ||||||
EOG Resources, Inc. | 155,000 | 12,657 | ||||||
Exxon Mobil Corp. | 433,950 | 31,101 | ||||||
FMC Technologies, Inc. * | 85,000 | 4,471 | ||||||
Murphy Oil Corp. | 151,365 | 9,254 | ||||||
Nabors Industries Ltd. * | 350,000 | 7,291 | ||||||
National-Oilwell Varco, Inc. * | 427,950 | 17,542 | ||||||
Occidental Petroleum Corp. | 464,490 | 35,246 | ||||||
The Williams Cos., Inc. | 1,010,000 | 19,039 | ||||||
Valero Energy Corp. | 700,000 | 12,670 | ||||||
219,788 | ||||||||
Food & Staples Retailing 2.8% | ||||||||
CVS Caremark Corp. | 12,060 | 426 | ||||||
SUPERVALU, Inc. | 130,000 | 2,063 | ||||||
The Kroger Co. | 700,000 | 16,191 | ||||||
Wal-Mart Stores, Inc. | 630,000 | 31,298 | ||||||
49,978 | ||||||||
Food, Beverage & Tobacco 4.7% | ||||||||
Archer-Daniels-Midland Co. | 420,000 | 12,651 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Coca-Cola Enterprises, Inc. | 345,000 | 6,579 | ||||||
ConAgra Foods, Inc. | 100,000 | 2,100 | ||||||
Constellation Brands, Inc., Class A * | 150,000 | 2,373 | ||||||
Dean Foods Co. * | 15,320 | 279 | ||||||
General Mills, Inc. | 433,950 | 28,606 | ||||||
H.J. Heinz Co. | 8,350 | 336 | ||||||
Kraft Foods, Inc., Class A | 250,000 | 6,880 | ||||||
Philip Morris International, Inc. | 125,000 | 5,920 | ||||||
Reynolds American, Inc. | 93,960 | 4,555 | ||||||
The Coca-Cola Co. | 200,000 | 10,662 | ||||||
Tyson Foods, Inc., Class A | 225,000 | 2,817 | ||||||
83,758 | ||||||||
Health Care Equipment & Services 4.4% | ||||||||
Baxter International, Inc. | 300,000 | 16,218 | ||||||
Beckman Coulter, Inc. | 29,650 | 1,907 | ||||||
Becton Dickinson & Co. | 123,110 | 8,416 | ||||||
Boston Scientific Corp. * | 29,633 | 241 | ||||||
CIGNA Corp. | 326,760 | 9,097 | ||||||
Community Health Systems, Inc. * | 11,880 | 372 | ||||||
Express Scripts, Inc. * | 250,999 | 20,060 | ||||||
Humana, Inc. * | 287,240 | 10,794 | ||||||
McKesson Corp. | 57,150 | 3,356 | ||||||
Medtronic, Inc. | 15,700 | 561 | ||||||
Omnicare, Inc. | 300,000 | 6,501 | ||||||
Teleflex, Inc. | 4,265 | 212 | ||||||
77,735 | ||||||||
Household & Personal Products 4.3% | ||||||||
Church & Dwight Co., Inc. | 150,000 | 8,532 | ||||||
Kimberly-Clark Corp. | 480,000 | 29,357 | ||||||
The Procter & Gamble Co. | 669,389 | 38,824 | ||||||
76,713 | ||||||||
Insurance 4.3% | ||||||||
American Financial Group, Inc. | 79,290 | 1,951 | ||||||
Aon Corp. | 50,000 | 1,925 | ||||||
Arch Capital Group Ltd. * | 8,035 | 541 | ||||||
MetLife, Inc. | 706,820 | 24,053 | ||||||
PartnerRe Ltd. | 3,950 | 302 | ||||||
Prudential Financial, Inc. | 241,090 | 10,905 | ||||||
The Chubb Corp. | 152,660 | 7,407 | ||||||
The Travelers Cos., Inc. | 582,940 | 29,025 | ||||||
76,109 | ||||||||
Materials 2.6% | ||||||||
AK Steel Holding Corp. | 127,270 | 2,020 | ||||||
Ball Corp. | 100,000 | 4,933 | ||||||
Celanese Corp., Series A | 220,000 | 6,039 | ||||||
Crown Holdings, Inc. * | 85,000 | 2,265 | ||||||
International Paper Co. | 627,155 | 13,992 | ||||||
Owens-Illinois, Inc. * | 138,710 | 4,422 | ||||||
Pactiv Corp. * | 18,300 | 422 | ||||||
Sonoco Products Co. | 326,650 | 8,738 | ||||||
Terra Industries, Inc. | 100,000 | 3,177 | ||||||
46,008 | ||||||||
Media 1.8% | ||||||||
Comcast Corp., Class A | 425,000 | 6,163 | ||||||
Liberty Global, Inc., Series A * | 350,000 | 7,186 | ||||||
Omnicom Group, Inc. | 88,050 | 3,018 | ||||||
Time Warner, Inc. | 526,666 | 15,863 | ||||||
32,230 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 9.0% | ||||||||
Abbott Laboratories | 170,000 | 8,597 | ||||||
Amgen, Inc. * | 380,000 | 20,418 | ||||||
Bristol-Myers Squibb Co. | 375,000 | 8,175 | ||||||
Cephalon, Inc. * | 245,000 | 13,372 | ||||||
Eli Lilly & Co. | 122,505 | 4,166 | ||||||
Endo Pharmaceuticals Holdings, Inc. * | 86,560 | 1,939 | ||||||
Forest Laboratories, Inc. * | 350,000 | 9,685 | ||||||
Gilead Sciences, Inc. * | 26,420 | 1,124 | ||||||
Johnson & Johnson | 200,000 | 11,810 | ||||||
Life Technologies Corp. * | 271,637 | 12,813 | ||||||
Merck & Co., Inc. * | 317,080 | 9,807 | ||||||
Millipore Corp. * | 35,000 | 2,345 | ||||||
Pfizer, Inc. | 2,382,530 | 40,575 | ||||||
Thermo Fisher Scientific, Inc. * | 85,400 | 3,843 | ||||||
Varian, Inc. * | 9,635 | 493 | ||||||
Watson Pharmaceuticals, Inc. * | 305,000 | 10,498 | ||||||
159,660 | ||||||||
Real Estate 1.6% | ||||||||
Liberty Property Trust | 165,000 | 4,846 | ||||||
Public Storage, Inc. | 225,000 | 16,560 | ||||||
Rayonier, Inc. | 180,000 | 6,944 | ||||||
28,350 | ||||||||
Retailing 3.6% | ||||||||
Amazon.com, Inc. * | 120,000 | 14,257 | ||||||
Bed Bath & Beyond, Inc. * | 6,200 | 218 | ||||||
Best Buy Co., Inc. | 21,715 | 829 | ||||||
Family Dollar Stores, Inc. | 410,000 | 11,603 | ||||||
J.C. Penney Co., Inc. | 50,000 | 1,657 | ||||||
Macy’s, Inc. | 322,401 | 5,665 | ||||||
Priceline.com, Inc. * | 5,046 | 796 | ||||||
Sears Holdings Corp. (b)* | 30,000 | 2,036 | ||||||
The Gap, Inc. | 770,000 | 16,432 | ||||||
The Home Depot, Inc. | 100,000 | 2,509 | ||||||
The Sherwin-Williams Co. | 70,000 | 3,993 | ||||||
The TJX Cos., Inc. | 75,000 | 2,801 | ||||||
62,796 | ||||||||
Semiconductors & Semiconductor Equipment 2.0% | ||||||||
Intel Corp. | 629,685 | 12,033 | ||||||
LSI Corp. * | 1,200,000 | 6,144 | ||||||
Marvell Technology Group Ltd. * | 350,000 | 4,802 | ||||||
ON Semiconductor Corp. * | 291,011 | 1,947 | ||||||
Texas Instruments, Inc. | 400,000 | 9,380 | ||||||
34,306 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Software & Services 5.9% | ||||||||
Accenture plc, Class A | 75,000 | 2,781 | ||||||
Affiliated Computer Services, Inc., Class A * | 69,800 | 3,636 | ||||||
BMC Software, Inc. * | 510,640 | 18,975 | ||||||
Computer Sciences Corp. * | 205,000 | 10,396 | ||||||
Google, Inc., Class A * | 11,892 | 6,376 | ||||||
MasterCard, Inc., Class A | 2,353 | 515 | ||||||
Microsoft Corp. | 514,900 | 14,278 | ||||||
Oracle Corp. | 439,800 | 9,280 | ||||||
SAIC, Inc. * | 150,000 | 2,657 | ||||||
Symantec Corp. * | 1,375,900 | 24,188 | ||||||
Synopsys, Inc. * | 506,140 | 11,135 | ||||||
104,217 | ||||||||
Technology Hardware & Equipment 11.2% | ||||||||
Apple, Inc. * | 159,035 | 29,978 | ||||||
Avnet, Inc. * | 11,050 | 274 | ||||||
Cisco Systems, Inc. * | 500,000 | 11,425 | ||||||
EMC Corp. * | 200,000 | 3,294 | ||||||
Hewlett-Packard Co. | 1,470,000 | 69,766 | ||||||
International Business Machines Corp. | 590,000 | 71,160 | ||||||
NCR Corp. * | 126,445 | 1,283 | ||||||
Western Digital Corp. * | 220,000 | 7,410 | ||||||
Xerox Corp. | 549,070 | 4,129 | ||||||
198,719 | ||||||||
Telecommunication Services 2.8% | ||||||||
AT&T, Inc. | 982,420 | 25,219 | ||||||
CenturyTel, Inc. | 248,360 | 8,062 | ||||||
Qwest Communications International, Inc. | 2,119,420 | 7,609 | ||||||
Sprint Nextel Corp. * | 800,000 | 2,368 | ||||||
Telephone & Data Systems, Inc. | 105,290 | 3,118 | ||||||
Verizon Communications, Inc. | 85,000 | 2,515 | ||||||
48,891 | ||||||||
Transportation 1.7% | ||||||||
CSX Corp. | 115,000 | 4,851 | ||||||
FedEx Corp. | 215,000 | 15,628 | ||||||
Ryder System, Inc. | 100,000 | 4,055 | ||||||
Union Pacific Corp. | 99,800 | 5,503 | ||||||
30,037 | ||||||||
Utilities 3.0% | ||||||||
Exelon Corp. | 342,000 | 16,060 | ||||||
Mirant Corp. * | 225,000 | 3,146 | ||||||
NiSource, Inc. | 275,000 | 3,553 | ||||||
NRG Energy, Inc. * | 775,000 | 17,817 | ||||||
The AES Corp. * | 900,000 | 11,763 | ||||||
52,339 | ||||||||
Total Common Stock (Cost $1,686,138) | 1,708,535 | |||||||
Other Investment Company 3.0% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 52,846,000 | 52,846 | ||||||
Total Other Investment Company (Cost $52,846) | 52,846 | |||||||
Issuer | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.4% of net assets | ||||||||
U.S. Treasury Obligation 0.4% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (a) | 6,891 | 6,890 | ||||||
Total Short-Term Investment (Cost $6,890) | 6,890 | |||||||
End of Investments. | ||||||||
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||
State Street Navigator Security Lending Prime Portfolio | 1,973,625 | 1,974 | ||||||
Total Collateral Invested for Securities on Loan (Cost $1,974) | 1,974 | |||||||
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | All or a portion of this security is on loan. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 1,100 | 56,815 | (1,077 | ) |
Assets | ||||||
Investments, at value including securities on loan of $1,934 (cost $1,745,874) | $1,768,271 | |||||
Collateral invested for securities on loan | 1,974 | |||||
Receivables: | ||||||
Fund shares sold | 2,281 | |||||
Dividends | 1,915 | |||||
Income from securities on loan | 22 | |||||
Foreign tax reclaims | 20 | |||||
Interest | 14 | |||||
Prepaid expenses | + | 24 | ||||
Total assets | 1,774,521 | |||||
Liabilities | ||||||
Collateral for securities on loan | $1,974 | |||||
Payables: | ||||||
Due to brokers for futures | 1,573 | |||||
Fund shares redeemed | 988 | |||||
Shareholder services fees to affiliate | 71 | |||||
Investment adviser and administrator fees | 21 | |||||
Trustee fees | 1 | |||||
Accrued expenses | + | 113 | ||||
Total liabilities | 4,741 | |||||
Net Assets | ||||||
Total assets | 1,774,521 | |||||
Total liabilities | − | 4,741 | ||||
Net assets | 1,769,780 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,084,914 | |||||
Net investment income not yet distributed | 14,169 | |||||
Net realized capital losses | (350,623 | ) | ||||
Net unrealized capital gains | 21,320 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$1,769,780 | 124,096 | $14.26 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $9) | $30,792 | |||||
Interest | 179 | |||||
Securities on loan | + | 47 | ||||
Total investment income | 31,018 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (242,072 | ) | ||||
Net realized gains on futures contracts | + | 1,414 | ||||
Net realized losses | (240,658 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 346,294 | |||||
Net unrealized losses on futures contracts | + | (3,016 | ) | |||
Net unrealized gains | 343,278 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 7,157 | |||||
Transfer agent and shareholder service fees | 3,669 | |||||
Shareholder reports | 177 | |||||
Registration fees | 104 | |||||
Portfolio accounting fees | 64 | |||||
Professional fees | 46 | |||||
Custodian fees | 26 | |||||
Trustees’ fees | 20 | |||||
Other expenses | + | 66 | ||||
Total expenses | 11,329 | |||||
Expense reduction by adviser and Schwab | − | 487 | ||||
Net expenses | 10,842 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 31,018 | |||||
Net expenses | − | 10,842 | ||||
Net investment income | 20,176 | |||||
Net realized losses | (240,658 | ) | ||||
Net unrealized gains | + | 343,278 | ||||
Increase in net assets from operations | $122,796 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $20,176 | $24,216 | ||||||||
Net realized losses | (240,658 | ) | (90,616 | ) | ||||||
Net unrealized gains (losses) | + | 343,278 | (659,582 | ) | ||||||
Increase (Decrease) in net assets from operations | 122,796 | (725,982 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 23,930 | 18,271 | ||||||||
Distributions from net realized gains | + | — | 4,682 | |||||||
Total distributions | $23,930 | $22,953 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | 42,697 | $549,400 | 31,275 | $534,240 | ||||||||||||||
Issued in connection with merger | 5,664 | 69,312 | — | — | ||||||||||||||
Shares Reinvested | 1,386 | 16,786 | 845 | 16,336 | ||||||||||||||
Shares Redeemed | + | (33,561 | ) | (413,747 | ) | (28,312 | ) | (485,951 | ) | |||||||||
Net transactions in fund shares | 16,186 | $221,751 | 3,808 | $64,625 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 107,910 | $1,449,163 | 104,102 | $2,133,473 | ||||||||||||||
Total increase or decrease | + | 16,186 | 320,617 | 3,808 | (684,310 | ) | ||||||||||||
End of period | 124,096 | $1,769,780 | 107,910 | $1,449,163 | ||||||||||||||
Net investment income not yet distributed | $14,169 | $18,139 |
1 | Effective May 21, 2009, all the assets and liabilities of the Laudus U.S. MarketMasters Fund transferred to the Schwab Core Equity Fund. (See financial note 11). |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 10.63 | 15.66 | 14.60 | 12.80 | 12.06 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.25 | 0.32 | 0.28 | 0.26 | 0.28 | |||||||||||||||
Net realized and unrealized gains (losses) | 0.31 | (4.97 | ) | 1.37 | 1.98 | 0.93 | ||||||||||||||
Total from investment operations | 0.56 | (4.65 | ) | 1.65 | 2.24 | 1.21 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.25 | ) | (0.33 | ) | (0.28 | ) | (0.28 | ) | (0.28 | ) | ||||||||||
Distributions from net realized gains | — | (0.05 | ) | (0.31 | ) | (0.16 | ) | (0.19 | ) | |||||||||||
Total distributions | (0.25 | ) | (0.38 | ) | (0.59 | ) | (0.44 | ) | (0.47 | ) | ||||||||||
Net asset value at end of period | 10.94 | 10.63 | 15.66 | 14.60 | 12.80 | |||||||||||||||
Total return (%) | 5.62 | (30.23 | ) | 11.55 | 17.86 | 10.17 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.90 | 2 | 0.89 | 0.89 | 0.90 | 0.92 | ||||||||||||||
Gross operating expenses | 0.91 | 0.89 | 0.89 | 0.90 | 0.94 | |||||||||||||||
Net investment income (loss) | 2.40 | 2.33 | 1.83 | 1.92 | 2.32 | |||||||||||||||
Portfolio turnover rate | 39 | 22 | 18 | 36 | 26 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 1,297 | 824 | 1,340 | 729 | 509 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .3% | Common Stock | 1,260,190 | 1,275,525 | ||||||||
1 | .5% | Short-Term Investments | 19,719 | 19,719 | ||||||||
99 | .8% | Total Investments | 1,279,909 | 1,295,244 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 2,187 | |||||||||
100 | .0% | Total Net Assets | 1,297,431 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 98.3% of net assets | ||||||||
Banks 0.5% | ||||||||
Bank of Hawaii Corp. | 75,000 | 3,330 | ||||||
SunTrust Banks, Inc. | 150,000 | 2,867 | ||||||
6,197 | ||||||||
Capital Goods 7.7% | ||||||||
Cooper Industries plc, Class A | 255,000 | 9,866 | ||||||
Eaton Corp. | 125,000 | 7,556 | ||||||
General Electric Co. | 500,000 | 7,130 | ||||||
Harsco Corp. | 50,000 | 1,575 | ||||||
KBR, Inc. | 125,000 | 2,559 | ||||||
L-3 Communications Holdings, Inc. | 150,000 | 10,843 | ||||||
Lockheed Martin Corp. | 175,000 | 12,038 | ||||||
Masco Corp. | 300,000 | 3,525 | ||||||
Northrop Grumman Corp. | 290,400 | 14,558 | ||||||
Raytheon Co. | 450,000 | 20,376 | ||||||
United Technologies Corp. | 150,000 | 9,217 | ||||||
99,243 | ||||||||
Commercial & Professional Supplies 0.8% | ||||||||
R.R. Donnelley & Sons Co. | 535,000 | 10,743 | ||||||
Consumer Durables & Apparel 1.3% | ||||||||
Hasbro, Inc. | 325,000 | 8,863 | ||||||
Leggett & Platt, Inc. | 250,000 | 4,832 | ||||||
Newell Rubbermaid, Inc. | 225,000 | 3,265 | ||||||
16,960 | ||||||||
Consumer Services 1.9% | ||||||||
H&R Block, Inc. | 140,000 | 2,567 | ||||||
McDonald’s Corp. | 375,000 | 21,979 | ||||||
24,546 | ||||||||
Diversified Financials 8.2% | ||||||||
Ameriprise Financial, Inc. | 125,000 | 4,334 | ||||||
Bank of America Corp. | 550,000 | 8,019 | ||||||
Bank of New York Mellon Corp. | 375,845 | 10,020 | ||||||
BlackRock, Inc. | 50,000 | 10,825 | ||||||
Capital One Financial Corp. | 100,000 | 3,660 | ||||||
JPMorgan Chase & Co. | 775,584 | 32,396 | ||||||
Morgan Stanley | 450,000 | 14,454 | ||||||
Raymond James Financial, Inc. | 100,000 | 2,361 | ||||||
State Street Corp. | 100,000 | 4,198 | ||||||
The Goldman Sachs Group, Inc. | 95,000 | 16,166 | ||||||
106,433 | ||||||||
Energy 13.3% | ||||||||
Anadarko Petroleum Corp. | 350,000 | 21,325 | ||||||
Apache Corp. | 125,000 | 11,765 | ||||||
Boardwalk Pipeline Partners L.P. | 170,000 | 4,372 | ||||||
ConocoPhillips | 400,000 | 20,072 | ||||||
ENSCO International, Inc. | 385,000 | 17,629 | ||||||
Exxon Mobil Corp. | 250,000 | 17,917 | ||||||
Marathon Oil Corp. | 75,000 | 2,398 | ||||||
Murphy Oil Corp. | 150,000 | 9,171 | ||||||
Occidental Petroleum Corp. | 420,000 | 31,870 | ||||||
Patterson-UTI Energy, Inc. | 225,000 | 3,506 | ||||||
Spectra Energy Corp. | 500,000 | 9,560 | ||||||
Tesoro Corp. | 200,000 | 2,828 | ||||||
The Williams Cos., Inc. | 500,000 | 9,425 | ||||||
Valero Energy Corp. | 600,000 | 10,860 | ||||||
172,698 | ||||||||
Food & Staples Retailing 1.6% | ||||||||
SUPERVALU, Inc. | 200,000 | 3,174 | ||||||
The Kroger Co. | 335,000 | 7,749 | ||||||
Wal-Mart Stores, Inc. | 200,000 | 9,936 | ||||||
20,859 | ||||||||
Food, Beverage & Tobacco 8.1% | ||||||||
Altria Group, Inc. | 150,000 | 2,717 | ||||||
Archer-Daniels-Midland Co. | 100,000 | 3,012 | ||||||
Coca-Cola Enterprises, Inc. | 150,000 | 2,860 | ||||||
ConAgra Foods, Inc. | 200,000 | 4,200 | ||||||
General Mills, Inc. | 270,000 | 17,798 | ||||||
H.J. Heinz Co. | 435,000 | 17,504 | ||||||
Kellogg Co. | 340,000 | 17,524 | ||||||
Kraft Foods, Inc., Class A | 250,000 | 6,880 | ||||||
Philip Morris International, Inc. | 75,000 | 3,552 | ||||||
Reynolds American, Inc. | 426,400 | 20,672 | ||||||
Sara Lee Corp. | 250,000 | 2,823 | ||||||
The Coca-Cola Co. | 100,000 | 5,331 | ||||||
104,873 | ||||||||
Health Care Equipment & Services 4.1% | ||||||||
Baxter International, Inc. | 325,000 | 17,569 | ||||||
Becton Dickinson & Co. | 254,000 | 17,363 | ||||||
McKesson Corp. | 250,000 | 14,683 | ||||||
Quest Diagnostics, Inc. | 75,000 | 4,195 | ||||||
53,810 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Household & Personal Products 2.8% | ||||||||
Colgate-Palmolive Co. | 235,000 | 18,478 | ||||||
Kimberly-Clark Corp. | 100,000 | 6,116 | ||||||
The Procter & Gamble Co. | 200,000 | 11,600 | ||||||
36,194 | ||||||||
Insurance 4.9% | ||||||||
Aon Corp. | 200,000 | 7,702 | ||||||
Axis Capital Holdings Ltd. | 100,000 | 2,889 | ||||||
HCC Insurance Holdings, Inc. | 250,000 | 6,597 | ||||||
MetLife, Inc. | 100,000 | 3,403 | ||||||
Prudential Financial, Inc. | 180,000 | 8,141 | ||||||
The Chubb Corp. | 351,000 | 17,031 | ||||||
The Travelers Cos., Inc. | 358,000 | 17,825 | ||||||
63,588 | ||||||||
Materials 2.7% | ||||||||
Ball Corp. | 75,000 | 3,700 | ||||||
Bemis Co., Inc. | 150,000 | 3,875 | ||||||
Celanese Corp., Series A | 125,000 | 3,431 | ||||||
Eastman Chemical Co. | 75,000 | 3,938 | ||||||
International Paper Co. | 500,000 | 11,155 | ||||||
MeadWestvaco Corp. | 300,000 | 6,849 | ||||||
Sonoco Products Co. | 100,000 | 2,675 | ||||||
35,623 | ||||||||
Media 1.5% | ||||||||
Comcast Corp., Class A | 375,000 | 5,438 | ||||||
Gannett Co., Inc. | 200,000 | 1,964 | ||||||
The McGraw-Hill Cos., Inc. | 100,000 | 2,878 | ||||||
Time Warner, Inc. | 300,000 | 9,036 | ||||||
19,316 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 9.3% | ||||||||
Abbott Laboratories | 425,000 | 21,492 | ||||||
Bristol-Myers Squibb Co. | 900,000 | 19,620 | ||||||
Eli Lilly & Co. | 550,000 | 18,706 | ||||||
Johnson & Johnson | 387,000 | 22,852 | ||||||
Merck & Co., Inc. * | 560,000 | 17,321 | ||||||
Pfizer, Inc. | 1,200,000 | 20,436 | ||||||
120,427 | ||||||||
Real Estate 0.6% | ||||||||
Public Storage, Inc. | 110,000 | 8,096 | ||||||
Retailing 4.2% | ||||||||
Family Dollar Stores, Inc. | 225,000 | 6,368 | ||||||
J.C. Penney Co., Inc. | 200,000 | 6,626 | ||||||
Limited Brands, Inc. | 200,000 | 3,520 | ||||||
Macy’s, Inc. | 300,000 | 5,271 | ||||||
The Gap, Inc. | 400,000 | 8,536 | ||||||
The Home Depot, Inc. | 350,000 | 8,781 | ||||||
The TJX Cos., Inc. | 400,000 | 14,940 | ||||||
54,042 | ||||||||
Semiconductors & Semiconductor Equipment 3.5% | ||||||||
Analog Devices, Inc. | 200,000 | 5,126 | ||||||
Intel Corp. | 1,125,000 | 21,498 | ||||||
Texas Instruments, Inc. | 775,000 | 18,174 | ||||||
44,798 | ||||||||
Software & Services 4.9% | ||||||||
Accenture plc, Class A | 535,000 | 19,838 | ||||||
CA, Inc. | 500,000 | 10,460 | ||||||
MasterCard, Inc., Class A | 25,000 | 5,475 | ||||||
Microsoft Corp. | 700,000 | 19,411 | ||||||
Oracle Corp. | 300,000 | 6,330 | ||||||
Western Union Co. | 140,000 | 2,544 | ||||||
64,058 | ||||||||
Technology Hardware & Equipment 6.5% | ||||||||
Hewlett-Packard Co. | 570,000 | 27,052 | ||||||
International Business Machines Corp. | 267,500 | 32,263 | ||||||
Molex, Inc. | 300,000 | 5,601 | ||||||
Seagate Technology | 500,000 | 6,975 | ||||||
Tyco Electronics Ltd. | 375,000 | 7,969 | ||||||
Xerox Corp. | 640,000 | 4,813 | ||||||
84,673 | ||||||||
Telecommunication Services 3.3% | ||||||||
AT&T, Inc. | 450,407 | 11,562 | ||||||
CenturyTel, Inc. | 387,700 | 12,585 | ||||||
Qwest Communications International, Inc. | 700,000 | 2,513 | ||||||
Verizon Communications, Inc. | 477,300 | 14,123 | ||||||
Windstream Corp. | 200,000 | 1,928 | ||||||
42,711 | ||||||||
Transportation 1.3% | ||||||||
CSX Corp. | 150,000 | 6,327 | ||||||
FedEx Corp. | 100,000 | 7,269 | ||||||
Ryder System, Inc. | 75,000 | 3,041 | ||||||
16,637 | ||||||||
Utilities 5.3% | ||||||||
American Electric Power Co., Inc. | 501,000 | 15,140 | ||||||
CenterPoint Energy, Inc. | 325,000 | 4,095 | ||||||
DTE Energy Co. | 475,000 | 17,565 | ||||||
Edison International | 100,000 | 3,182 | ||||||
Exelon Corp. | 125,000 | 5,870 | ||||||
NiSource, Inc. | 475,000 | 6,137 | ||||||
Northeast Utilities | 100,000 | 2,305 | ||||||
PG&E Corp. | 100,000 | 4,089 | ||||||
Public Service Enterprise Group, Inc. | 200,000 | 5,960 | ||||||
UGI Corp. | 195,000 | 4,657 | ||||||
69,000 | ||||||||
Total Common Stock (Cost $1,260,190) | 1,275,525 | |||||||
Issuer | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 1.5% of net assets | ||||||||
Commercial Paper & Other Obligation 1.3% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 17,210 | 17,210 | ||||||
U.S. Treasury Obligation 0.2% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (a) | 2,509 | 2,509 | ||||||
Total Short-Term Investments (Cost $19,719) | 19,719 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 350 | 18,078 | (77 | ) |
Assets | ||||||
Investments, at value (cost $1,279,909) | $1,295,244 | |||||
Fund shares sold | 2,267 | |||||
Dividends | 2,523 | |||||
Foreign tax reclaims | 81 | |||||
Prepaid expenses | + | 21 | ||||
Total assets | 1,300,136 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 75 | |||||
Shareholder services fees to affiliate | 24 | |||||
Fund shares redeemed | 1,996 | |||||
Due to brokers for futures | 501 | |||||
Trustees’ fees | 1 | |||||
Accrued expenses | + | 108 | ||||
Total liabilities | 2,705 | |||||
Net Assets | ||||||
Total assets | 1,300,136 | |||||
Total liabilities | − | 2,705 | ||||
Net assets | 1,297,431 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,528,965 | |||||
Net investment income not yet distributed | 1,181 | |||||
Net realized capital losses | (247,973 | ) | ||||
Net unrealized capital gains | 15,258 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$1,297,431 | 118,583 | $10.94 |
Investment Income | ||||||
Dividends | $39,091 | |||||
Interest | + | 18 | ||||
Total investment income | 39,109 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (207,597 | ) | ||||
Net realized gains on futures contracts | + | 3,180 | ||||
Net realized losses | (204,417 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 246,973 | |||||
Net unrealized losses on futures contracts | + | (477 | ) | |||
Net unrealized gains | 246,496 | |||||
Expenses | ||||||
Investment advisor and administrator fees | 8,333 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 923 | |||||
Select Shares | 1,284 | |||||
Shareholder reports | 115 | |||||
Registration fees | 88 | |||||
Portfolio accounting fees | 60 | |||||
Professional fees | 43 | |||||
Custodian fees | 27 | |||||
Trustees’ fees | 17 | |||||
Interest expense | 2 | |||||
Other expenses | + | 21 | ||||
Total expenses | 10,913 | |||||
Expense reduction by adviser and Schwab | − | 154 | ||||
Net expenses | 10,759 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 39,109 | |||||
Net expenses | − | 10,759 | ||||
Net investment income | 28,350 | |||||
Net realized losses | (204,417 | ) | ||||
Net unrealized gains | + | 246,496 | ||||
Increase in net assets from operations | $70,429 |
1 | Effective October 7, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $28,350 | $39,812 | ||||||||
Net realized losses | (204,417 | ) | (44,452 | ) | ||||||
Net unrealized gains (losses) | + | 246,496 | (576,086 | ) | ||||||
Increase (Decrease) in net assets from operations | 70,429 | (580,726 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 9,043 | 12,236 | ||||||||
Select Shares | + | 19,597 | 27,045 | |||||||
Total distributions from net investment income | 28,640 | 39,281 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 2,493 | ||||||||
Select Shares | + | — | 4,513 | |||||||
Total distributions from net realized gains | — | 7,006 | ||||||||
Total distributions | $28,640 | $46,287 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 9,578 | $92,720 | 4,894 | $64,964 | ||||||||||||||
Select Shares | + | 60,456 | 643,137 | 16,086 | 217,167 | |||||||||||||
Total shares sold | 70,034 | $735,857 | 20,980 | $282,131 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 770 | $7,529 | 890 | $12,329 | ||||||||||||||
Select Shares | + | 938 | 9,090 | 1,256 | 17,359 | |||||||||||||
Total shares reinvested | 1,708 | $16,619 | 2,146 | $29,688 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (49,252 | ) | ($536,477 | ) | (15,293 | ) | ($207,978 | ) | ||||||||||
Select Shares | + | (20,326 | ) | (199,824 | ) | (25,411 | ) | (338,104 | ) | |||||||||
Total shares redeemed | (69,578 | ) | ($736,301 | ) | (40,704 | ) | ($546,082 | ) | ||||||||||
Net transactions in fund shares | 2,164 | $16,175 | (17,578 | ) | ($234,263 | ) | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 116,419 | $1,239,467 | 133,997 | $2,100,743 | ||||||||||||||
Total increase or decrease | + | 2,164 | 57,964 | (17,578 | ) | (861,276 | ) | |||||||||||
End of period | 118,583 | $1,297,431 | 116,419 | $1,239,467 | ||||||||||||||
Net investment income not yet distributed | $1,181 | $2,236 |
1 | Effective October 7, 2009, all outstanding Investor Shares (39,738 shares valued at $443,835) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 10/3/052– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 8.22 | 12.77 | 11.09 | 9.73 | 10.00 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.05 | 0.06 | 0.04 | 0.02 | (0.00 | )3 | ||||||||||||||
Net realized and unrealized gains (losses) | 0.87 | (4.56 | ) | 1.67 | 1.35 | (0.27 | ) | |||||||||||||
Total from investment operations | 0.92 | (4.50 | ) | 1.71 | 1.37 | (0.27 | ) | |||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.04 | ) | (0.05 | ) | (0.03 | ) | (0.01 | ) | — | |||||||||||
Net asset value at end of period | 9.10 | 8.22 | 12.77 | 11.09 | 9.73 | |||||||||||||||
Total return (%) | 11.36 | (35.36 | ) | 15.47 | 14.04 | (2.70 | )4 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 5 | ||||||||||||||
Gross operating expenses | 1.03 | 1.01 | 1.03 | 1.12 | 1.56 | 5 | ||||||||||||||
Net investment income (loss) | 0.65 | 0.53 | 0.33 | 0.26 | (0.40 | )5 | ||||||||||||||
Portfolio turnover rate | 63 | 49 | 30 | 53 | 4 | 4 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 360 | 332 | 492 | 107 | 33 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .7% | Common Stock | 336,295 | 355,682 | ||||||||
0 | .4% | Other Investment Company | 1,405 | 1,371 | ||||||||
0 | .6% | Short-Term Investment | 2,107 | 2,107 | ||||||||
99 | .7% | Total Investments | 339,807 | 359,160 | ||||||||
0 | .3% | Other Assets and Liabilities, Net | 983 | |||||||||
100 | .0% | Total Net Assets | 360,143 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 98.7% of net assets | ||||||||
Automobiles & Components 0.2% | ||||||||
Ford Motor Co. * | 115,000 | 805 | ||||||
Capital Goods 5.8% | ||||||||
Cooper Industries plc, Class A | 111,800 | 4,325 | ||||||
Dover Corp. | 61,400 | 2,314 | ||||||
Fluor Corp. | 67,700 | 3,007 | ||||||
ITT Corp. | 7,000 | 355 | ||||||
L-3 Communications Holdings, Inc. | 29,800 | 2,154 | ||||||
Lockheed Martin Corp. | 35,000 | 2,408 | ||||||
Navistar International Corp. * | 25,000 | 828 | ||||||
Northrop Grumman Corp. | 20,000 | 1,003 | ||||||
Raytheon Co. | 95,000 | 4,302 | ||||||
20,696 | ||||||||
Commercial & Professional Supplies 1.0% | ||||||||
Avery Dennison Corp. | 20,000 | 713 | ||||||
R.R. Donnelley & Sons Co. | 135,000 | 2,711 | ||||||
3,424 | ||||||||
Consumer Durables & Apparel 0.6% | ||||||||
Polo Ralph Lauren Corp. | 30,500 | 2,270 | ||||||
Consumer Services 3.2% | ||||||||
H&R Block, Inc. | 70,000 | 1,284 | ||||||
McDonald’s Corp. | 175,000 | 10,257 | ||||||
11,541 | ||||||||
Diversified Financials 4.1% | ||||||||
BlackRock, Inc. | 15,000 | 3,247 | ||||||
JPMorgan Chase & Co. | 58,800 | 2,456 | ||||||
Lazard Ltd., Class A | 50,000 | 1,887 | ||||||
Morgan Stanley | 30,000 | 964 | ||||||
TD Ameritrade Holding Corp. * | 45,000 | 869 | ||||||
The Goldman Sachs Group, Inc. | 31,000 | 5,275 | ||||||
14,698 | ||||||||
Energy 6.2% | ||||||||
Anadarko Petroleum Corp. | 82,000 | 4,996 | ||||||
Cameron International Corp. * | 25,000 | 924 | ||||||
El Paso Corp. | 183,000 | 1,795 | ||||||
Exxon Mobil Corp. | 10,000 | 717 | ||||||
Nabors Industries Ltd. * | 45,000 | 938 | ||||||
National-Oilwell Varco, Inc. * | 15,500 | 635 | ||||||
Noble Corp. | 70,000 | 2,852 | ||||||
Occidental Petroleum Corp. | 122,500 | 9,295 | ||||||
22,152 | ||||||||
Food & Staples Retailing 4.3% | ||||||||
CVS Caremark Corp. | 24,500 | 865 | ||||||
The Kroger Co. | 181,000 | 4,186 | ||||||
Wal-Mart Stores, Inc. | 210,000 | 10,433 | ||||||
15,484 | ||||||||
Food, Beverage & Tobacco 5.7% | ||||||||
Altria Group, Inc. | 75,000 | 1,358 | ||||||
Archer-Daniels-Midland Co. | 125,000 | 3,765 | ||||||
Coca-Cola Enterprises, Inc. | 290,000 | 5,530 | ||||||
General Mills, Inc. | 4,300 | 283 | ||||||
H.J. Heinz Co. | 140,000 | 5,634 | ||||||
Kraft Foods, Inc., Class A | 44,500 | 1,225 | ||||||
Philip Morris International, Inc. | 26,000 | 1,231 | ||||||
The Coca-Cola Co. | 25,000 | 1,333 | ||||||
20,359 | ||||||||
Health Care Equipment & Services 5.6% | ||||||||
Baxter International, Inc. | 71,500 | 3,865 | ||||||
Beckman Coulter, Inc. | 15,000 | 965 | ||||||
CIGNA Corp. | 7,000 | 195 | ||||||
Express Scripts, Inc. * | 126,000 | 10,070 | ||||||
Hospira, Inc. * | 25,000 | 1,116 | ||||||
Humana, Inc. * | 14,000 | 526 | ||||||
McKesson Corp. | 60,000 | 3,524 | ||||||
20,261 | ||||||||
Household & Personal Products 4.4% | ||||||||
Church & Dwight Co., Inc. | 36,400 | 2,071 | ||||||
Colgate-Palmolive Co. | 25,000 | 1,966 | ||||||
Kimberly-Clark Corp. | 115,000 | 7,033 | ||||||
The Procter & Gamble Co. | 80,574 | 4,673 | ||||||
15,743 | ||||||||
Insurance 1.3% | ||||||||
Aflac, Inc. | 47,500 | 1,971 | ||||||
Aon Corp. | 16,000 | 616 | ||||||
Principal Financial Group, Inc. | 25,000 | 626 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Prudential Financial, Inc. | 24,500 | 1,108 | ||||||
The Travelers Cos., Inc. | 10,000 | 498 | ||||||
4,819 | ||||||||
Materials 3.4% | ||||||||
Ball Corp. | 35,000 | 1,726 | ||||||
Celanese Corp., Series A | 104,000 | 2,855 | ||||||
International Paper Co. | 153,000 | 3,413 | ||||||
Owens-Illinois, Inc. * | 105,200 | 3,354 | ||||||
Pactiv Corp. * | 40,000 | 924 | ||||||
12,272 | ||||||||
Media 1.6% | ||||||||
Comcast Corp., Class A | 75,000 | 1,088 | ||||||
Omnicom Group, Inc. | 101,500 | 3,479 | ||||||
Time Warner, Inc. | 40,000 | 1,205 | ||||||
5,772 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 10.3% | ||||||||
Abbott Laboratories | 47,000 | 2,377 | ||||||
Amgen, Inc. * | 145,000 | 7,791 | ||||||
Biogen Idec, Inc. * | 88,000 | 3,708 | ||||||
Bristol-Myers Squibb Co. | 185,000 | 4,033 | ||||||
Cephalon, Inc. * | 50,000 | 2,729 | ||||||
Forest Laboratories, Inc. * | 56,200 | 1,555 | ||||||
Life Technologies Corp. * | 100,000 | 4,717 | ||||||
Merck & Co., Inc. * | 125,000 | 3,866 | ||||||
Millipore Corp. * | 25,000 | 1,675 | ||||||
Mylan, Inc. * | 75,000 | 1,218 | ||||||
Pfizer, Inc. | 200,000 | 3,406 | ||||||
37,075 | ||||||||
Real Estate 0.5% | ||||||||
Public Storage, Inc. | 20,000 | 1,472 | ||||||
Rayonier, Inc. | 12,000 | 463 | ||||||
1,935 | ||||||||
Retailing 5.0% | ||||||||
Amazon.com, Inc. * | 33,500 | 3,980 | ||||||
J.C. Penney Co., Inc. | 10,500 | 348 | ||||||
Limited Brands, Inc. | 75,500 | 1,329 | ||||||
Priceline.com, Inc. * | 5,800 | 915 | ||||||
Ross Stores, Inc. | 16,000 | 704 | ||||||
The Gap, Inc. | 215,000 | 4,588 | ||||||
The Sherwin-Williams Co. | 3,500 | 200 | ||||||
The TJX Cos., Inc. | 160,000 | 5,976 | ||||||
18,040 | ||||||||
Semiconductors & Semiconductor Equipment 4.0% | ||||||||
Intel Corp. | 250,000 | 4,777 | ||||||
LSI Corp. * | 200,000 | 1,024 | ||||||
Marvell Technology Group Ltd. * | 225,000 | 3,087 | ||||||
ON Semiconductor Corp. * | 75,000 | 502 | ||||||
Texas Instruments, Inc. | 220,000 | 5,159 | ||||||
14,549 | ||||||||
Software & Services 13.0% | ||||||||
Accenture plc, Class A | 280,000 | 10,382 | ||||||
BMC Software, Inc. * | 88,900 | 3,304 | ||||||
Computer Sciences Corp. * | 83,000 | 4,209 | ||||||
eBay, Inc. * | 39,400 | 877 | ||||||
Google, Inc., Class A * | 12,000 | 6,433 | ||||||
MasterCard, Inc., Class A | 10,000 | 2,190 | ||||||
Microsoft Corp. | 322,000 | 8,929 | ||||||
Oracle Corp. | 238,800 | 5,039 | ||||||
Symantec Corp. * | 127,900 | 2,249 | ||||||
Synopsys, Inc. * | 93,500 | 2,057 | ||||||
Western Union Co. | 65,000 | 1,181 | ||||||
46,850 | ||||||||
Technology Hardware & Equipment 15.3% | ||||||||
Apple, Inc. * | 31,000 | 5,843 | ||||||
Cisco Systems, Inc. * | 250,000 | 5,713 | ||||||
EMC Corp. * | 200,000 | 3,294 | ||||||
Hewlett-Packard Co. | 388,700 | 18,448 | ||||||
International Business Machines Corp. | 150,400 | 18,140 | ||||||
NCR Corp. * | 67,500 | 685 | ||||||
Seagate Technology | 45,000 | 628 | ||||||
Western Digital Corp.��* | 71,000 | 2,391 | ||||||
55,142 | ||||||||
Telecommunication Services 0.1% | ||||||||
Qwest Communications International, Inc. | 138,000 | 495 | ||||||
Transportation 2.6% | ||||||||
CSX Corp. | 33,000 | 1,392 | ||||||
FedEx Corp. | 73,500 | 5,342 | ||||||
Union Pacific Corp. | 48,000 | 2,647 | ||||||
9,381 | ||||||||
Utilities 0.5% | ||||||||
Exelon Corp. | 12,000 | 564 | ||||||
NRG Energy, Inc. * | 2,100 | 48 | ||||||
The AES Corp. * | 100,000 | 1,307 | ||||||
1,919 | ||||||||
Total Common Stock (Cost $336,295) | 355,682 | |||||||
Other Investment Company 0.4% of net assets | ||||||||
iShares Russell 1000 Growth Index Fund | 30,000 | 1,371 | ||||||
Total Other Investment Company (Cost $1,405) | 1,371 | |||||||
Issuer | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.6% of net assets | ||||||||
Commercial Paper & Other Obligation 0.6% | ||||||||
Citibank, New York Time Deposit | ||||||||
0.03%, 11/02/09 | 2,107 | 2,107 | ||||||
Total Short-Term Investment (Cost $2,107) | 2,107 | |||||||
End of Investments. |
* | Non-income producing security. |
Assets | ||||||
Investments, at value (cost $339,807) | $359,160 | |||||
Receivables: | ||||||
Fund shares sold | 853 | |||||
Dividends | 386 | |||||
Foreign tax reclaims | 42 | |||||
Prepaid expenses | + | 7 | ||||
Total assets | 360,448 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 25 | |||||
Shareholder services fees to affiliate | 2 | |||||
Fund shares redeemed | 216 | |||||
Accrued expenses | + | 62 | ||||
Total liabilities | 305 | |||||
Net Assets | ||||||
Total assets | 360,448 | |||||
Total liabilities | − | 305 | ||||
Net assets | $360,143 | |||||
Net Assets by Source | ||||||
Capital received from investors | 456,576 | |||||
Net investment income not yet distributed | 1,760 | |||||
Net realized capital losses | (117,546 | ) | ||||
Net unrealized capital gains | 19,353 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$360,143 | 39,559 | $9.10 |
Investment Income | ||||||
Dividends | $6,483 | |||||
Interest | + | 7 | ||||
Total investment income | 6,490 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (57,739 | ) | ||||
Net realized losses on futures contracts | + | (863 | ) | |||
Net realized losses | (58,602 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 108,763 | |||||
Net unrealized losses on futures contracts | + | (112 | ) | |||
Net unrealized gains | 108,651 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 3,224 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 141 | |||||
Select Shares | 544 | |||||
Shareholder reports | 59 | |||||
Registration fees | 57 | |||||
Portfolio accounting fees | 43 | |||||
Professional fees | 35 | |||||
Custodian fees | 14 | |||||
Trustees’ fees | 9 | |||||
Other expenses | + | 9 | ||||
Total expenses | 4,135 | |||||
Expense reduction by adviser and Schwab | − | 161 | ||||
Net expenses | 3,974 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 6,490 | |||||
Net expenses | − | 3,974 | ||||
Net investment income | 2,516 | |||||
Net realized losses | (58,602 | ) | ||||
Net unrealized gains | + | 108,651 | ||||
Increase in net assets from operations | $52,565 |
1 | Effective October 7, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $2,516 | $2,691 | ||||||||
Net realized losses | (58,602 | ) | (54,032 | ) | ||||||
Net unrealized gains (losses) | + | 108,651 | (165,666 | ) | ||||||
Increase (Decrease) in net assets from operations | 52,565 | (217,007 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 176 | 282 | ||||||||
Select Shares | + | 1,820 | 2,030 | |||||||
Total distributions from net investment income | $1,996 | $2,312 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 1,081 | $8,521 | 1,823 | $20,286 | ||||||||||||||
Select Shares | + | 21,523 | 180,213 | 11,725 | 125,732 | |||||||||||||
Total shares sold | 22,604 | $188,734 | 13,548 | $146,018 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 21 | $159 | 21 | $254 | ||||||||||||||
Select Shares | + | 36 | 265 | 27 | 328 | |||||||||||||
Total shares reinvested | 57 | $424 | 48 | $582 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (8,991 | ) | ($80,731 | ) | (3,257 | ) | ($35,189 | ) | ||||||||||
Select Shares | + | (22,329 | ) | (195,171 | ) | (9,952 | ) | (106,495 | ) | |||||||||
Total shares redeemed | (31,320 | ) | ($275,902 | ) | (13,209 | ) | ($141,684 | ) | ||||||||||
Net transactions in fund shares | (8,659 | ) | ($86,744 | ) | 387 | $4,916 | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 48,218 | $396,318 | 47,831 | $610,721 | ||||||||||||||
Total increase or decrease | + | (8,659 | ) | (36,175 | ) | 387 | (214,403 | ) | ||||||||||
End of period | 39,559 | $360,143 | 48,218 | $396,318 | ||||||||||||||
Net investment income not yet distributed | $1,760 | $1,246 |
1 | Effective October 7, 2009, all outstanding Investor Shares (7,268 shares valued at $67,210) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 10.55 | 18.22 | 17.80 | 15.78 | 14.16 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | (0.02 | ) | (0.01 | ) | (0.10 | ) | (0.02 | ) | 0.00 | 2 | ||||||||||
Net realized and unrealized gains (losses) | 0.61 | (6.59 | ) | 0.60 | 2.49 | 3.16 | ||||||||||||||
Total from investment operations | 0.59 | (6.60 | ) | 0.50 | 2.47 | 3.16 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.00 | )2 | — | — | (0.02 | ) | — | |||||||||||||
Distributions from net realized gains | — | (1.07 | ) | (0.08 | ) | (0.43 | ) | (1.54 | ) | |||||||||||
Total distributions | (0.00 | )2 | (1.07 | ) | (0.08 | ) | (0.45 | ) | (1.54 | ) | ||||||||||
Net asset value at end of period | 11.14 | 10.55 | 18.22 | 17.80 | 15.78 | |||||||||||||||
Total return (%) | 5.65 | (38.16 | ) | 2.80 | 15.89 | 23.83 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 1.12 | 1.11 | 1.09 | 1.12 | 1.11 | |||||||||||||||
Gross operating expenses | 1.17 | 1.12 | 1.09 | 1.14 | 1.23 | |||||||||||||||
Net investment income (loss) | (0.16 | ) | (0.09 | ) | (0.28 | ) | (0.21 | ) | 0.09 | |||||||||||
Portfolio turnover rate | 85 | 50 | 106 | 82 | 90 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 202 | 79 | 228 | 276 | 80 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
94 | .3% | Common Stock | 188,793 | 190,496 | ||||||||
5 | .6% | Short-Term Investments | 11,213 | 11,213 | ||||||||
99 | .9% | Total Investments | 200,006 | 201,709 | ||||||||
0 | .1% | Other Assets and Liabilities, Net | 222 | |||||||||
100 | .0% | Total Net Assets | 201,931 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 94.3% of net assets | ||||||||
Automobiles & Components 1.5% | ||||||||
Exide Technologies * | 167,800 | 1,027 | ||||||
Spartan Motors, Inc. | 25,100 | 125 | ||||||
Standard Motor Products, Inc. | 83,800 | 701 | ||||||
Superior Industries International, Inc. | 22,000 | 292 | ||||||
TRW Automotive Holdings Corp. * | 60,000 | 939 | ||||||
3,084 | ||||||||
Banks 5.8% | ||||||||
BancFirst Corp. | 26,800 | 968 | ||||||
Bank Mutual Corp. | 20,200 | 142 | ||||||
CapitalSource, Inc. | 273,200 | 973 | ||||||
Central Pacific Financial Corp. | 87,800 | 124 | ||||||
Chemical Financial Corp. | 12,700 | 279 | ||||||
Community Trust Bancorp, Inc. | 5,600 | 138 | ||||||
East West Bancorp, Inc. | 125,400 | 1,132 | ||||||
First Citizens BancShares, Inc., Class A | 7,600 | 1,132 | ||||||
MGIC Investment Corp. * | 95,100 | 410 | ||||||
NBT Bancorp, Inc. | 37,700 | 822 | ||||||
Ocwen Financial Corp. * | 70,400 | 769 | ||||||
Popular, Inc. | 469,300 | 1,014 | ||||||
Southside Bancshares, Inc. | 43,600 | 906 | ||||||
UMB Financial Corp. | 30,600 | 1,217 | ||||||
Umpqua Holdings Corp. | 35,000 | 347 | ||||||
United Community Banks, Inc. * | 75,375 | 306 | ||||||
Wintrust Financial Corp. | 36,800 | 1,038 | ||||||
11,717 | ||||||||
Capital Goods 10.6% | ||||||||
A.O. Smith Corp. | 11,000 | 436 | ||||||
Aircastle Ltd. | 41,500 | 329 | ||||||
Altra Holdings, Inc. * | 87,100 | 764 | ||||||
Apogee Enterprises, Inc. | 16,100 | 213 | ||||||
Beacon Roofing Supply, Inc. * | 9,600 | 138 | ||||||
Brady Corp., Class A | 23,200 | 628 | ||||||
Chart Industries, Inc. * | 35,700 | 706 | ||||||
CIRCOR International, Inc. | 11,400 | 311 | ||||||
Cubic Corp. | 26,700 | 927 | ||||||
Dycom Industries, Inc. * | 83,600 | 826 | ||||||
DynCorp International, Inc., Class A * | 58,400 | 993 | ||||||
EMCOR Group, Inc. * | 62,500 | 1,476 | ||||||
Encore Wire Corp. | 13,100 | 272 | ||||||
EnerSys * | 49,900 | 1,103 | ||||||
EnPro Industries, Inc. * | 19,100 | 431 | ||||||
Esterline Technologies Corp. * | 12,800 | 539 | ||||||
Federal Signal Corp. | 17,200 | 106 | ||||||
GenCorp, Inc. * | 144,800 | 1,077 | ||||||
Gibraltar Industries, Inc. | 72,200 | 781 | ||||||
Griffon Corp. * | 94,800 | 831 | ||||||
Interline Brands, Inc. * | 9,700 | 142 | ||||||
L.B. Foster Co., Class A * | 17,800 | 500 | ||||||
Michael Baker Corp. * | 16,500 | 589 | ||||||
Mueller Industries, Inc. | 27,700 | 655 | ||||||
Polypore International, Inc. * | 32,700 | 358 | ||||||
Powell Industries, Inc. * | 27,700 | 1,019 | ||||||
Robbins & Myers, Inc. | 30,000 | 696 | ||||||
Rush Enterprises, Inc., Class A * | 27,800 | 303 | ||||||
Tecumseh Products Co., Class A * | 24,800 | 259 | ||||||
Tredegar Corp. | 64,300 | 876 | ||||||
Trex Co., Inc. * | 19,400 | 309 | ||||||
Triumph Group, Inc. | 3,900 | 182 | ||||||
United Rentals, Inc. * | 51,300 | 487 | ||||||
Universal Forest Products, Inc. | 27,100 | 967 | ||||||
Watts Water Technologies, Inc., Class A | 37,900 | 1,071 | ||||||
21,300 | ||||||||
Commercial & Professional Supplies 2.8% | ||||||||
Acco Brands Corp. * | 113,200 | 686 | ||||||
American Reprographics Co. * | 45,000 | 270 | ||||||
ATC Technology Corp. * | 40,900 | 855 | ||||||
CDI Corp. | 18,000 | 219 | ||||||
Cenveo, Inc. * | 120,700 | 855 | ||||||
Consolidated Graphics, Inc. * | 8,300 | 166 | ||||||
Cornell Cos., Inc. * | 20,600 | 471 | ||||||
Ennis, Inc. | 31,300 | 474 | ||||||
M&F Worldwide Corp. * | 13,300 | 283 | ||||||
Spherion Corp. * | 189,500 | 938 | ||||||
United Stationers, Inc. * | 3,700 | 174 | ||||||
Viad Corp. | 9,400 | 165 | ||||||
5,556 | ||||||||
Consumer Durables & Apparel 4.8% | ||||||||
Blyth, Inc. | 21,625 | 766 | ||||||
Carter’s, Inc. * | 53,800 | 1,270 | ||||||
Jarden Corp. | 40,100 | 1,098 | ||||||
Jones Apparel Group, Inc. | 12,500 | 224 | ||||||
La-Z-Boy, Inc. | 38,400 | 273 | ||||||
Maidenform Brands, Inc. * | 58,000 | 814 | ||||||
Quiksilver, Inc. * | 433,281 | 862 | ||||||
RC2 Corp. * | 9,100 | 119 | ||||||
Smith & Wesson Holding Corp. * | 100,100 | 427 | ||||||
Steven Madden Ltd. * | 33,100 | 1,340 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
The Timberland Co., Class A * | 51,400 | 832 | ||||||
The Warnaco Group, Inc. * | 30,000 | 1,216 | ||||||
UniFirst Corp. | 12,400 | 522 | ||||||
9,763 | ||||||||
Consumer Services 2.1% | ||||||||
California Pizza Kitchen, Inc. * | 17,100 | 222 | ||||||
Cracker Barrel Old Country Store, Inc. | 5,000 | 166 | ||||||
Isle of Capri Casinos, Inc. * | 93,300 | 723 | ||||||
Krispy Kreme Doughnuts, Inc. * | 108,300 | 367 | ||||||
Landry’s Restaurants, Inc. * | 39,100 | 426 | ||||||
O’Charley’s, Inc. * | 15,400 | 108 | ||||||
P.F. Chang’s China Bistro, Inc. * | 9,600 | 280 | ||||||
Shuffle Master, Inc. * | 124,400 | 972 | ||||||
Steiner Leisure Ltd. * | 17,500 | 647 | ||||||
The Cheesecake Factory, Inc. * | 20,100 | 365 | ||||||
4,276 | ||||||||
Diversified Financials 4.3% | ||||||||
Advance America Cash Advance Centers, Inc. | 98,600 | 487 | ||||||
AmeriCredit Corp. * | 32,100 | 567 | ||||||
Calamos Asset Management, Inc., Class A | 10,800 | 114 | ||||||
Interactive Brokers Group, Inc., Class A * | 54,700 | 876 | ||||||
Investment Technology Group, Inc. * | 44,900 | 968 | ||||||
Knight Capital Group, Inc., Class A * | 25,500 | 430 | ||||||
LaBranche & Co., Inc. * | 123,600 | 341 | ||||||
MarketAxess Holdings, Inc. * | 37,400 | 444 | ||||||
Nelnet, Inc., Class A * | 38,600 | 542 | ||||||
Penson Worldwide, Inc. * | 76,500 | 746 | ||||||
PHH Corp. * | 58,800 | 950 | ||||||
Piper Jaffray Cos., Inc. * | 12,300 | 571 | ||||||
Rewards Network, Inc. | 33,466 | 360 | ||||||
SWS Group, Inc. | 31,800 | 425 | ||||||
Teton Advisors, Inc., Class B (b)(c)* | 87 | — | ||||||
TradeStation Group, Inc. * | 118,000 | 911 | ||||||
8,732 | ||||||||
Energy 4.6% | ||||||||
Basic Energy Services, Inc. * | 77,900 | 545 | ||||||
Cal Dive International, Inc. * | 105,100 | 807 | ||||||
Dawson Geophysical Co. * | 31,800 | 768 | ||||||
Dresser-Rand Group, Inc. * | 33,600 | 990 | ||||||
General Maritime Corp. | 51,000 | 351 | ||||||
Geokinetics, Inc. * | 58,200 | 936 | ||||||
Gulf Island Fabrication, Inc. | 45,300 | 866 | ||||||
Hercules Offshore, Inc. * | 205,400 | 1,054 | ||||||
Parker Drilling Co. * | 174,900 | 910 | ||||||
SEACOR Holdings, Inc. * | 5,500 | 447 | ||||||
VAALCO Energy, Inc. * | 154,400 | 658 | ||||||
World Fuel Services Corp. | 19,100 | 971 | ||||||
9,303 | ||||||||
Food & Staples Retailing 1.0% | ||||||||
Casey’s General Stores, Inc. | 29,800 | 939 | ||||||
Nash Finch Co. | 5,500 | 159 | ||||||
The Andersons, Inc. | 7,400 | 230 | ||||||
The Pantry, Inc. * | 24,300 | 343 | ||||||
Winn-Dixie Stores, Inc. * | 31,800 | 353 | ||||||
2,024 | ||||||||
Food, Beverage & Tobacco 3.0% | ||||||||
Alliance One International, Inc. * | 234,600 | 1,035 | ||||||
Chiquita Brands International, Inc. * | 64,200 | 1,039 | ||||||
Coca-Cola Bottling Co. | 21,000 | 943 | ||||||
Darling International, Inc. * | 58,500 | 407 | ||||||
Del Monte Foods Co. | 95,400 | 1,030 | ||||||
J & J Snack Foods Corp. | 24,700 | 967 | ||||||
Lancaster Colony Corp. | 7,100 | 345 | ||||||
Universal Corp. | 5,000 | 208 | ||||||
5,974 | ||||||||
Health Care Equipment & Services 7.0% | ||||||||
Align Technology, Inc. * | 13,900 | 219 | ||||||
America Service Group, Inc. | 14,100 | 185 | ||||||
American Medical Systems Holdings, Inc. * | 60,600 | 934 | ||||||
AMERIGROUP Corp. * | 50,200 | 1,107 | ||||||
AMN Healthcare Services, Inc. * | 51,200 | 426 | ||||||
AmSurg Corp. * | 9,300 | 196 | ||||||
Cantel Medical Corp. * | 66,500 | 1,068 | ||||||
Centene Corp. * | 51,800 | 924 | ||||||
Chemed Corp. | 7,000 | 317 | ||||||
Cross Country Healthcare, Inc. * | 20,700 | 171 | ||||||
CryoLife, Inc. * | 46,100 | 277 | ||||||
Emergency Medical Services Corp., Class A * | 23,300 | 1,119 | ||||||
Hanger Orthopedic Group, Inc. * | 25,400 | 352 | ||||||
HEALTHSOUTH Corp. * | 11,000 | 161 | ||||||
Healthspring, Inc. * | 19,500 | 279 | ||||||
Healthways, Inc. * | 15,400 | 248 | ||||||
ICU Medical, Inc. * | 12,100 | 423 | ||||||
Invacare Corp. | 29,200 | 655 | ||||||
inVentiv Health, Inc. * | 41,600 | 706 | ||||||
Kensey Nash Corp. * | 34,300 | 820 | ||||||
Magellan Health Services, Inc. * | 23,600 | 758 | ||||||
Merit Medical Systems, Inc. * | 54,000 | 917 | ||||||
Omnicell, Inc. * | 25,100 | 247 | ||||||
Owens & Minor, Inc. | 14,600 | 597 | ||||||
PharMerica Corp. * | 15,700 | 242 | ||||||
RehabCare Group, Inc. * | 37,400 | 701 | ||||||
Res-Care, Inc. * | 14,500 | 174 | ||||||
14,223 | ||||||||
Household & Personal Products 1.4% | ||||||||
Central Garden & Pet Co., Class A * | 73,800 | 698 | ||||||
Nu Skin Enterprises, Inc., Class A | 54,900 | 1,250 | ||||||
Prestige Brands Holdings, Inc. * | 37,000 | 250 | ||||||
Revlon, Inc., Class A * | 83,500 | 704 | ||||||
2,902 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Insurance 2.9% | ||||||||
Allied World Assurance Co. Holdings Ltd. | 20,300 | 909 | ||||||
American Financial Group, Inc. | 39,100 | 962 | ||||||
American Physicians Capital, Inc. | 20,333 | 575 | ||||||
AMERISAFE, Inc. * | 33,300 | 617 | ||||||
Aspen Insurance Holdings Ltd. | 5,900 | 152 | ||||||
Delphi Financial Group, Inc., Class A | 15,200 | 330 | ||||||
First Mercury Financial Corp. | 11,200 | 142 | ||||||
Meadowbrook Insurance Group, Inc. | 20,400 | 137 | ||||||
Platinum Underwriters Holdings Ltd. | 45,400 | 1,624 | ||||||
Selective Insurance Group, Inc. | 12,000 | 184 | ||||||
The Navigators Group, Inc. * | 3,400 | 181 | ||||||
5,813 | ||||||||
Materials 3.5% | ||||||||
A. Schulman, Inc. | 38,100 | 662 | ||||||
Bway Holding Co. * | 42,400 | 753 | ||||||
Innophos Holdings, Inc. | 22,400 | 433 | ||||||
Minerals Technologies, Inc. | 5,700 | 281 | ||||||
OM Group, Inc. * | 6,700 | 181 | ||||||
Omnova Solutions, Inc. * | 103,600 | 664 | ||||||
PolyOne Corp. * | 135,300 | 755 | ||||||
Quaker Chemical Corp. | 17,700 | 365 | ||||||
Rock-Tenn Co., Class A | 34,100 | 1,494 | ||||||
Schweitzer-Mauduit International, Inc. | 12,200 | 630 | ||||||
Sonoco Products Co. | 35,100 | 939 | ||||||
7,157 | ||||||||
Media 0.8% | ||||||||
Knology, Inc. * | 17,800 | 179 | ||||||
LodgeNet Interactive Corp. * | 50,700 | 246 | ||||||
Valassis Communications, Inc. * | 65,400 | 1,192 | ||||||
1,617 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 7.5% | ||||||||
Accelrys, Inc. * | 28,400 | 154 | ||||||
Affymetrix, Inc. * | 124,900 | 653 | ||||||
Albany Molecular Research, Inc. * | 129,300 | 1,053 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 12,000 | 1,073 | ||||||
Cubist Pharmaceuticals, Inc. * | 10,800 | 183 | ||||||
Dionex Corp. * | 5,000 | 339 | ||||||
Endo Pharmaceuticals Holdings, Inc. * | 9,500 | 213 | ||||||
Enzon Pharmaceuticals, Inc. * | 112,800 | 946 | ||||||
eResearch Technology, Inc. * | 25,500 | 189 | ||||||
Immunomedics, Inc. * | 209,300 | 745 | ||||||
Impax Laboratories, Inc. * | 21,300 | 189 | ||||||
Kendle International, Inc. * | 63,900 | 1,079 | ||||||
King Pharmaceuticals, Inc. * | 41,500 | 420 | ||||||
Martek Biosciences Corp. * | 51,200 | 920 | ||||||
Maxygen, Inc. * | 134,500 | 751 | ||||||
Medicis Pharmaceutical Corp., Class A | 58,900 | 1,247 | ||||||
Par Pharmaceutical Cos., Inc. * | 56,400 | 1,183 | ||||||
Perrigo Co. | 19,900 | 740 | ||||||
Questcor Pharmaceuticals, Inc. * | 66,200 | 301 | ||||||
Valeant Pharmaceuticals International * | 39,200 | 1,152 | ||||||
ViroPharma, Inc. * | 84,500 | 637 | ||||||
Watson Pharmaceuticals, Inc. * | 27,700 | 953 | ||||||
15,120 | ||||||||
Real Estate 4.2% | ||||||||
Acadia Realty Trust | 27,400 | 436 | ||||||
Corporate Office Properties Trust | 28,700 | 953 | ||||||
EastGroup Properties, Inc. | 14,000 | 515 | ||||||
Entertainment Properties Trust | 20,000 | 680 | ||||||
Getty Realty Corp. | 7,800 | 191 | ||||||
Home Properties, Inc. | 6,400 | 251 | ||||||
Hospitality Properties Trust | 33,800 | 653 | ||||||
HRPT Properties Trust | 123,700 | 870 | ||||||
Mack-Cali Realty Corp. | 8,400 | 260 | ||||||
Mid-America Apartment Communities, Inc. | 20,900 | 916 | ||||||
National Retail Properties, Inc. | 48,400 | 938 | ||||||
PS Business Parks, Inc. | 19,000 | 930 | ||||||
Saul Centers, Inc. | 5,400 | 166 | ||||||
Tanger Factory Outlet Centers, Inc. | 17,500 | 666 | ||||||
Urstadt Biddle Properties, Class A | 5,000 | 74 | ||||||
8,499 | ||||||||
Retailing 2.4% | ||||||||
Big 5 Sporting Goods Corp. | 18,800 | 277 | ||||||
HSN, Inc. * | 16,900 | 252 | ||||||
Jo-Ann Stores, Inc. * | 30,000 | 799 | ||||||
Lithia Motors, Inc., Class A | 23,200 | 193 | ||||||
RadioShack Corp. | 59,500 | 1,005 | ||||||
Rent-A-Center, Inc. * | 9,800 | 180 | ||||||
Stage Stores, Inc. | 12,600 | 149 | ||||||
The Children’s Place Retail Stores, Inc. * | 25,600 | 805 | ||||||
The Finish Line, Inc., Class A | 75,200 | 763 | ||||||
The Men’s Wearhouse, Inc. | 16,700 | 387 | ||||||
4,810 | ||||||||
Semiconductors & Semiconductor Equipment 3.5% | ||||||||
Amkor Technology, Inc. * | 151,600 | 835 | ||||||
Cirrus Logic, Inc. * | 30,700 | 149 | ||||||
DSP Group, Inc. * | 20,300 | 117 | ||||||
Entegris, Inc. * | 168,700 | 634 | ||||||
FEI Co. * | 13,400 | 319 | ||||||
Integrated Device Technology, Inc. * | 143,800 | 846 | ||||||
Lattice Semiconductor Corp. * | 230,500 | 440 | ||||||
MKS Instruments, Inc. * | 26,300 | 411 | ||||||
Photronics, Inc. * | 236,700 | 989 | ||||||
Skyworks Solutions, Inc. * | 84,700 | 884 | ||||||
Veeco Instruments, Inc. * | 56,000 | 1,364 | ||||||
6,988 | ||||||||
Software & Services 6.7% | ||||||||
Art Technology Group, Inc. * | 81,500 | 336 | ||||||
CACI International, Inc., Class A * | 7,600 | 362 | ||||||
DealerTrack Holdings, Inc. * | 52,700 | 869 | ||||||
EarthLink, Inc. | 122,500 | 992 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Global Cash Access Holdings, Inc. * | 17,000 | 108 | ||||||
Global Payments, Inc. | 13,800 | 679 | ||||||
Hewitt Associates, Inc., Class A * | 31,600 | 1,122 | ||||||
i2 Technologies, Inc. * | 60,700 | 955 | ||||||
Interactive Intelligence, Inc. * | 16,100 | 270 | ||||||
j2 Global Communications, Inc. * | 8,100 | 166 | ||||||
JDA Software Group, Inc. * | 45,900 | 911 | ||||||
MICROS Systems, Inc. * | 9,400 | 253 | ||||||
ModusLink Global Solutions, Inc. * | 68,200 | 561 | ||||||
Novell, Inc. * | 198,100 | 810 | ||||||
Openwave Systems, Inc. * | 179,800 | 408 | ||||||
SonicWALL, Inc. * | 59,100 | 469 | ||||||
Sybase, Inc. * | 26,700 | 1,056 | ||||||
Synopsys, Inc. * | 48,600 | 1,069 | ||||||
TeleTech Holdings, Inc. * | 2,500 | 45 | ||||||
TIBCO Software, Inc. * | 19,700 | 172 | ||||||
Unisys Corp. * | 10,140 | 296 | ||||||
United Online, Inc. | 32,800 | 262 | ||||||
VeriFone Holdings, Inc. * | 51,200 | 681 | ||||||
Web.com Group, Inc. * | 48,100 | 339 | ||||||
Websense, Inc. * | 9,800 | 157 | ||||||
Wright Express Corp. * | 7,200 | 201 | ||||||
13,549 | ||||||||
Technology Hardware & Equipment 6.7% | ||||||||
3Com Corp. * | 67,900 | 349 | ||||||
Acme Packet, Inc. * | 12,700 | 124 | ||||||
Adaptec, Inc. * | 137,100 | 437 | ||||||
ADC Telecommunications, Inc. * | 25,800 | 168 | ||||||
Arris Group, Inc. * | 62,200 | 638 | ||||||
Benchmark Electronics, Inc. * | 33,900 | 570 | ||||||
Black Box Corp. | 12,000 | 318 | ||||||
Brightpoint, Inc. * | 83,400 | 615 | ||||||
Cray, Inc. * | 122,100 | 911 | ||||||
Emulex Corp. * | 58,500 | 591 | ||||||
Harris Stratex Networks, Inc., Class A * | 36,500 | 230 | ||||||
Insight Enterprises, Inc. * | 86,500 | 910 | ||||||
Intermec, Inc. * | 14,300 | 176 | ||||||
JDS Uniphase Corp. * | 72,200 | 404 | ||||||
Mercury Computer Systems, Inc. * | 40,300 | 431 | ||||||
Methode Electronics, Inc. | 124,200 | 901 | ||||||
NCR Corp. * | 20,900 | 212 | ||||||
Oplink Communications, Inc. * | 58,900 | 874 | ||||||
Plantronics, Inc. | 38,200 | 921 | ||||||
Quantum Corp. * | 225,100 | 416 | ||||||
RadiSys Corp. * | 46,800 | 398 | ||||||
ScanSource, Inc. * | 7,500 | 190 | ||||||
Symmetricom, Inc. * | 65,800 | 315 | ||||||
Tekelec * | 49,400 | 742 | ||||||
Tellabs, Inc. * | 83,100 | 500 | ||||||
TTM Technologies, Inc. * | 58,500 | 595 | ||||||
Vishay Intertechnology, Inc. * | 92,500 | 576 | ||||||
13,512 | ||||||||
Telecommunication Services 1.4% | ||||||||
Atlantic Tele-Network, Inc. | 5,700 | 261 | ||||||
Global Crossing Ltd. * | 84,000 | 958 | ||||||
iPCS, Inc. * | 17,500 | 418 | ||||||
PAETEC Holding Corp. * | 133,700 | 433 | ||||||
USA Mobility, Inc. | 74,600 | 813 | ||||||
2,883 | ||||||||
Transportation 2.5% | ||||||||
Avis Budget Group, Inc. * | 103,100 | 866 | ||||||
Dollar Thrifty Automotive Group, Inc. * | 22,400 | 415 | ||||||
Hawaiian Holdings, Inc. * | 124,500 | 883 | ||||||
International Shipholding Corp. | 30,700 | 1,018 | ||||||
Marten Transport Ltd. * | 45,600 | 800 | ||||||
SkyWest, Inc. | 74,200 | 1,036 | ||||||
5,018 | ||||||||
Utilities 3.3% | ||||||||
Black Hills Corp. | 37,100 | 904 | ||||||
Central Vermont Public Services Corp. | 43,400 | 842 | ||||||
El Paso Electric Co. * | 62,200 | 1,166 | ||||||
Mirant Corp. * | 51,800 | 724 | ||||||
Southwest Gas Corp. | 42,300 | 1,057 | ||||||
UGI Corp. | 41,800 | 998 | ||||||
Unisource Energy Corp. | 34,100 | 985 | ||||||
6,676 | ||||||||
Total Common Stock (Cost $188,793) | 190,496 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 5.6% of net assets | ||||||||
Commercial Paper & Other Obligations 5.2% | ||||||||
Citibank, New York Time Deposit | ||||||||
0.03%, 11/02/09 | 4,073 | 4,073 | ||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 6,470 | 6,470 | ||||||
10,543 | ||||||||
U.S. Treasury Obligation 0.4% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (a) | 670 | 670 | ||||||
Total Short-Term Investments (Cost $11,213) | 11,213 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Fair-valued by Management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 140 | 7,865 | (407 | ) |
Assets | ||||||
Investments, at value (cost $200,006) | $201,709 | |||||
Receivables: | ||||||
Fund shares sold | 638 | |||||
Dividends | 78 | |||||
Prepaid expenses | + | 2 | ||||
Total assets | 202,427 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment advisers and administrator fees | 8 | |||||
Shareholder services fees to affiliate | 3 | |||||
Fund shares redeemed | 229 | |||||
Due to brokers for futures | 206 | |||||
Accrued expenses | + | 50 | ||||
Total liabilities | 496 | |||||
Net Assets | ||||||
Total assets | 202,427 | |||||
Total liabilities | − | 496 | ||||
Net assets | $201,931 | |||||
Net Assets by Source | ||||||
Capital received from investors | 312,360 | |||||
Net realized capital losses | (111,725 | ) | ||||
Net unrealized capital gains | 1,296 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$201,931 | 18,124 | $11.14 |
Investment Income | ||||||
Dividends | $1,901 | |||||
Interest | + | 4 | ||||
Total investment income | 1,905 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (64,632 | ) | ||||
Net realized gains on futures contracts | + | 1,060 | ||||
Net realized losses | (63,572 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 72,956 | |||||
Net unrealized losses on futures contracts | + | (407 | ) | |||
Net unrealized gains | 72,549 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,707 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 259 | |||||
Select Shares | 153 | |||||
Portfolio accounting fees | 42 | |||||
Professional fees | 35 | |||||
Registration fees | 30 | |||||
Shareholder reports | 30 | |||||
Custodian fees | 24 | |||||
Trustees’ fees | 7 | |||||
Interest expense | 1 | |||||
Other expenses | + | 7 | ||||
Total expenses | 2,295 | |||||
Expense reduction by adviser and Schwab | − | 109 | ||||
Net expenses | 2,186 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 1,905 | |||||
Net expenses | − | 2,186 | ||||
Net investment loss | (281 | ) | ||||
Net realized losses | (63,572 | ) | ||||
Net unrealized gains | + | 72,549 | ||||
Increase in net assets from operations | $8,696 |
1 | Effective September 28, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment loss | ($281 | ) | ($751 | ) | ||||||
Net realized losses | (63,572 | ) | (47,880 | ) | ||||||
Net unrealized gains (losses) | + | 72,549 | (125,756 | ) | ||||||
Increase (Decrease) in net assets from operations | 8,696 | (174,387 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | — | — | ||||||||
Select Shares | + | 36 | — | |||||||
Total distributions from net investment income | 36 | — | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 22,156 | ||||||||
Select Shares | + | — | 11,434 | |||||||
Total distributions from net realized gains | — | 33,590 | ||||||||
Total distributions | $36 | $33,590 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 599 | $5,606 | 568 | $8,177 | ||||||||||||||
Select Shares | + | 12,683 | 149,287 | 1,043 | 14,622 | |||||||||||||
Total shares sold | 13,282 | $154,893 | 1,611 | $22,799 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | — | $- | 1,303 | $20,400 | ||||||||||||||
Select Shares | + | 4 | 32 | 640 | 10,084 | |||||||||||||
Total shares reinvested | 4 | $32 | 1,943 | $30,484 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (13,558 | ) | ($156,099 | ) | (12,120 | ) | ($178,753 | ) | ||||||||||
Select Shares | + | (2,044 | ) | (19,986 | ) | (6,725 | ) | (100,469 | ) | |||||||||
Total shares redeemed | (15,602 | ) | (176,085 | ) | (18,845 | ) | ($279,222 | ) | ||||||||||
Net transactions in fund shares | (2,316 | ) | ($21,160 | ) | (15,291 | ) | ($225,939 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 20,440 | $214,431 | 35,731 | $648,347 | ||||||||||||||
Total decrease | + | (2,316 | ) | (12,500 | ) | (15,291 | ) | (433,916 | ) | |||||||||
End of period | �� | 18,124 | $201,931 | 20,440 | $214,431 | |||||||||||||
Net investment income not yet distributed | $- | $7 |
1 | Effective September 28, 2009, all outstanding Investor Shares (10,690 shares valued at $129,208) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 12.55 | 16.39 | 15.98 | 14.46 | 13.01 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | (0.05 | ) | (0.05 | ) | 0.14 | 0.07 | 0.04 | |||||||||||||
Net realized and unrealized gains (losses) | 0.96 | (3.63 | ) | 0.36 | 1.76 | 2.05 | ||||||||||||||
Total from investment operations | 0.91 | (3.68 | ) | 0.50 | 1.83 | 2.09 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.01 | ) | (0.16 | ) | (0.09 | ) | (0.05 | ) | — | |||||||||||
Distributions from net realized gains | — | — | — | (0.26 | ) | (0.64 | ) | |||||||||||||
Total distributions | (0.01 | ) | (0.16 | ) | (0.09 | ) | (0.31 | ) | (0.64 | ) | ||||||||||
Net asset value at end of period | 13.45 | 12.55 | 16.39 | 15.98 | 14.46 | |||||||||||||||
Total return (%) | 7.28 | (22.66 | ) | 3.11 | 12.82 | 16.52 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses (including dividend expense on short sales) | 2.07 | 2 | 2.17 | 3 | 2.03 | 3 | 1.90 | 2.26 | ||||||||||||
Net operating expenses (excluding dividend expense on short sales) | 1.62 | 2 | 1.77 | 1.77 | 1.77 | 4 | 1.92 | 4 | ||||||||||||
Gross operating expenses | 2.29 | 2.19 | 2.04 | 1.97 | 2.39 | |||||||||||||||
Net investment income (loss) | (0.41 | ) | (0.17 | ) | 0.79 | 0.77 | 0.55 | |||||||||||||
Portfolio turnover rate | 169 | 138 | 72 | 100 | 87 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 306 | 343 | 948 | 931 | 229 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
94 | .5% | Common Stock | 265,972 | 288,517 | ||||||||
4 | .2% | Other Investment Company | 12,803 | 12,803 | ||||||||
0 | .7% | Short-Term Investment | 2,254 | 2,254 | ||||||||
99 | .4% | Total Investments | 281,029 | 303,574 | ||||||||
(20 | .7)% | Short Sales | (56,558 | ) | (63,214 | ) | ||||||
21 | .3% | Other Assets and Liabilities, Net | 65,173 | |||||||||
100 | .0% | Total Net Assets | 305,533 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 94.5% of net assets | ||||||||
Automobiles & Components 1.1% | ||||||||
Ford Motor Co. * | 342,700 | 2,399 | ||||||
TRW Automotive Holdings Corp. * | 65,600 | 1,027 | ||||||
3,426 | ||||||||
Banks 3.5% | ||||||||
Bank of Hawaii Corp. | 71,100 | 3,157 | ||||||
CapitalSource, Inc. | 368,500 | 1,312 | ||||||
First Horizon National Corp. * | 127,698 | 1,511 | ||||||
Huntington Bancshares, Inc. | 644,300 | 2,455 | ||||||
UMB Financial Corp. (a) | 59,100 | 2,350 | ||||||
10,785 | ||||||||
Capital Goods 7.8% | ||||||||
Armstrong World Industries, Inc. * | 36,100 | 1,345 | ||||||
Brady Corp., Class A | 31,400 | 850 | ||||||
Cubic Corp. (a) | 64,200 | 2,229 | ||||||
EMCOR Group, Inc. * | 261,100 | 6,167 | ||||||
EnerSys (a)* | 3,800 | 84 | ||||||
Hubbell, Inc., Class B | 28,100 | 1,195 | ||||||
L-3 Communications Holdings, Inc. | 15,000 | 1,084 | ||||||
Lockheed Martin Corp. (a) | 24,500 | 1,685 | ||||||
Northrop Grumman Corp. | 35,500 | 1,780 | ||||||
Raytheon Co. | 92,000 | 4,166 | ||||||
The Stanley Works | 71,300 | 3,225 | ||||||
Tyco International Ltd. | 2,500 | 84 | ||||||
23,894 | ||||||||
Commercial & Professional Supplies 2.0% | ||||||||
Avery Dennison Corp. | 40,000 | 1,426 | ||||||
R.R. Donnelley & Sons Co. (a) | 227,700 | 4,572 | ||||||
5,998 | ||||||||
Consumer Durables & Apparel 1.5% | ||||||||
Carter’s, Inc. (a)* | 159,800 | 3,771 | ||||||
Jones Apparel Group, Inc. | 41,800 | 748 | ||||||
4,519 | ||||||||
Consumer Services 0.8% | ||||||||
Panera Bread Co., Class A * | 42,800 | 2,567 | ||||||
Diversified Financials 7.4% | ||||||||
AmeriCredit Corp. * | 309,200 | 5,457 | ||||||
Bank of America Corp. (a) | 32,100 | 468 | ||||||
Discover Financial Services (a) | 481,100 | 6,803 | ||||||
Investment Technology Group, Inc. * | 38,800 | 837 | ||||||
JPMorgan Chase & Co. (a) | 142,300 | 5,944 | ||||||
TD Ameritrade Holding Corp. * | 5,300 | 102 | ||||||
The Goldman Sachs Group, Inc. | 16,700 | 2,842 | ||||||
22,453 | ||||||||
Energy 9.8% | ||||||||
Anadarko Petroleum Corp. (a) | 120,600 | 7,348 | ||||||
Apache Corp. (a) | 53,400 | 5,026 | ||||||
Cameron International Corp. * | 50,000 | 1,848 | ||||||
Dresser-Rand Group, Inc. * | 109,000 | 3,212 | ||||||
EOG Resources, Inc. (a) | 2,700 | 220 | ||||||
Noble Corp. (a) | 69,700 | 2,840 | ||||||
Occidental Petroleum Corp. (a) | 15,000 | 1,138 | ||||||
SEACOR Holdings, Inc. * | 14,600 | 1,187 | ||||||
World Fuel Services Corp. | 141,900 | 7,216 | ||||||
30,035 | ||||||||
Food & Staples Retailing 0.0% | ||||||||
SUPERVALU, Inc. | 8,800 | 140 | ||||||
Food, Beverage & Tobacco 6.4% | ||||||||
Archer-Daniels-Midland Co. | 123,900 | 3,732 | ||||||
Chiquita Brands International, Inc. (a)* | 263,100 | 4,259 | ||||||
Coca-Cola Enterprises, Inc. | 45,500 | 868 | ||||||
Constellation Brands, Inc., Class A (a)* | 91,100 | 1,441 | ||||||
Del Monte Foods Co. (a) | 130,100 | 1,405 | ||||||
Kraft Foods, Inc., Class A | 125,000 | 3,440 | ||||||
Lancaster Colony Corp. | 47,400 | 2,303 | ||||||
Reynolds American, Inc. | 42,100 | 2,041 | ||||||
19,489 | ||||||||
Health Care Equipment & Services 3.2% | ||||||||
Baxter International, Inc. (a) | 42,200 | 2,281 | ||||||
Boston Scientific Corp. (a)* | 458,400 | 3,722 | ||||||
McKesson Corp. | 41,900 | 2,461 | ||||||
Quest Diagnostics, Inc. | 21,100 | 1,180 | ||||||
9,644 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Household & Personal Products 1.4% | ||||||||
Kimberly-Clark Corp. | 67,900 | 4,153 | ||||||
Insurance 3.6% | ||||||||
American Financial Group, Inc. (a) | 156,000 | 3,838 | ||||||
Arch Capital Group Ltd. (a)* | 37,900 | 2,553 | ||||||
Aspen Insurance Holdings Ltd. | 7,400 | 191 | ||||||
Delphi Financial Group, Inc., Class A (a) | 92,800 | 2,014 | ||||||
Platinum Underwriters Holdings Ltd. (a) | 15,400 | 551 | ||||||
Prudential Financial, Inc. | 22,400 | 1,013 | ||||||
The Travelers Cos., Inc. | 11,300 | 563 | ||||||
Transatlantic Holdings, Inc. | 2,600 | 131 | ||||||
10,854 | ||||||||
Materials 4.6% | ||||||||
Bemis Co., Inc. (a) | 37,600 | 971 | ||||||
Crown Holdings, Inc. * | 29,700 | 791 | ||||||
MeadWestvaco Corp. (a) | 174,100 | 3,975 | ||||||
Pactiv Corp. * | 1,900 | 44 | ||||||
Silgan Holdings, Inc. | 119,500 | 6,423 | ||||||
Temple-Inland, Inc. | 112,300 | 1,735 | ||||||
13,939 | ||||||||
Media 3.0% | ||||||||
Cinemark Holdings, Inc. (a) | 146,200 | 1,694 | ||||||
Liberty Global, Inc., Series A (a)* | 86,200 | 1,770 | ||||||
Time Warner, Inc. | 187,933 | 5,661 | ||||||
9,125 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 7.9% | ||||||||
Amgen, Inc. (a)* | 88,300 | 4,744 | ||||||
Biogen Idec, Inc. * | 12,300 | 518 | ||||||
Forest Laboratories, Inc. (a)* | 99,000 | 2,739 | ||||||
King Pharmaceuticals, Inc. (a)* | 345,300 | 3,498 | ||||||
Millipore Corp. * | 64,800 | 4,342 | ||||||
Pfizer, Inc. (a) | 268,500 | 4,573 | ||||||
Valeant Pharmaceuticals International * | 3,800 | 112 | ||||||
Watson Pharmaceuticals, Inc. * | 108,800 | 3,745 | ||||||
24,271 | ||||||||
Real Estate 1.5% | ||||||||
Corporate Office Properties Trust | 64,200 | 2,131 | ||||||
Hospitality Properties Trust | 67,000 | 1,294 | ||||||
National Retail Properties, Inc. | 58,000 | 1,124 | ||||||
4,549 | ||||||||
Retailing 6.4% | ||||||||
Family Dollar Stores, Inc. (a) | 161,200 | 4,562 | ||||||
Macy’s, Inc. | 18,100 | 318 | ||||||
RadioShack Corp. | 152,700 | 2,579 | ||||||
Rent-A-Center, Inc. * | 239,900 | 4,405 | ||||||
The Gap, Inc. (a) | 333,700 | 7,121 | ||||||
The Home Depot, Inc. | 21,800 | 547 | ||||||
19,532 | ||||||||
Semiconductors & Semiconductor Equipment 2.6% | ||||||||
Amkor Technology, Inc. (a)* | 168,900 | 931 | ||||||
LSI Corp. * | 552,700 | 2,830 | ||||||
MKS Instruments, Inc. (a)* | 41,700 | 652 | ||||||
Novellus Systems, Inc. * | 85,700 | 1,764 | ||||||
Semtech Corp. * | 77,100 | 1,193 | ||||||
Skyworks Solutions, Inc. * | 47,800 | 498 | ||||||
7,868 | ||||||||
Software & Services 8.1% | ||||||||
BMC Software, Inc. (a)* | 50,300 | 1,869 | ||||||
Computer Sciences Corp. (a)* | 82,400 | 4,179 | ||||||
Hewitt Associates, Inc., Class A * | 175,300 | 6,227 | ||||||
Sybase, Inc. * | 181,600 | 7,184 | ||||||
Synopsys, Inc. * | 204,200 | 4,492 | ||||||
TIBCO Software, Inc. * | 105,200 | 920 | ||||||
24,871 | ||||||||
Technology Hardware & Equipment 6.2% | ||||||||
3Com Corp. * | 1,037,800 | 5,334 | ||||||
Cisco Systems, Inc. * | 26,900 | 615 | ||||||
Hewlett-Packard Co. | 10,500 | 498 | ||||||
Ingram Micro, Inc., Class A (a)* | 66,800 | 1,179 | ||||||
International Business Machines Corp. | 45,900 | 5,536 | ||||||
Jabil Circuit, Inc. | 16,600 | 222 | ||||||
Tellabs, Inc. * | 805,600 | 4,850 | ||||||
Vishay Intertechnology, Inc. * | 11,100 | 69 | ||||||
Western Digital Corp. * | 21,800 | 734 | ||||||
19,037 | ||||||||
Telecommunication Services 2.5% | ||||||||
Telephone & Data Systems, Inc. | 205,500 | 6,087 | ||||||
Verizon Communications, Inc. | 55,800 | 1,651 | ||||||
7,738 | ||||||||
Transportation 0.4% | ||||||||
Con-way, Inc. | 32,400 | 1,069 | ||||||
Utilities 2.8% | ||||||||
Exelon Corp. (a) | 67,600 | 3,174 | ||||||
NRG Energy, Inc. * | 43,700 | 1,005 | ||||||
Public Service Enterprise Group, Inc. | 16,200 | 483 | ||||||
UGI Corp. | 163,300 | 3,899 | ||||||
8,561 | ||||||||
Total Common Stock (Cost $265,972) | 288,517 | |||||||
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Other Investment Company 4.2% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 12,803,140 | 12,803 | ||||||
Total Other Investment Company (Cost $12,803) | 12,803 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.7% of net assets | ||||||||
U.S. Treasury Bill 0.7% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (b) | 2,254 | 2,254 | ||||||
Total Short-Term Investment (Cost $2,254) | 2,254 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for short sales. | |
(b) | All or a portion of this security is held as collateral for open futures contracts. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 160 | 8,264 | (334 | ) |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Short Sales 20.7% of net assets | ||||||||
Automobiles & Components 0.7% | ||||||||
BorgWarner, Inc. | 16,300 | 494 | ||||||
Harley-Davidson, Inc. | 69,500 | 1,732 | ||||||
2,226 | ||||||||
Capital Goods 2.1% | ||||||||
CLARCOR, Inc. | 68,600 | 2,019 | ||||||
Fastenal Co. | 49,200 | 1,697 | ||||||
PACCAR, Inc. | 8,900 | 333 | ||||||
The Boeing Co. | 50,100 | 2,395 | ||||||
6,444 | ||||||||
Commercial & Professional Supplies 0.3% | ||||||||
Copart, Inc. * | 25,300 | 814 | ||||||
Consumer Services 1.2% | ||||||||
International Game Technology | 87,500 | 1,561 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 20,100 | 584 | ||||||
Wynn Resorts Ltd. * | 30,400 | 1,648 | ||||||
3,793 | ||||||||
Diversified Financials 2.3% | ||||||||
IntercontinentalExchange, Inc. * | 7,700 | 771 | ||||||
Legg Mason, Inc. | 80,300 | 2,338 | ||||||
Leucadia National Corp. * | 89,900 | 2,020 | ||||||
SLM Corp. * | 208,700 | 2,024 | ||||||
7,153 | ||||||||
Energy 0.7% | ||||||||
Petrohawk Energy Corp. * | 48,700 | 1,146 | ||||||
Weatherford International Ltd. * | 55,000 | 964 | ||||||
2,110 | ||||||||
Health Care Equipment & Services 1.7% | ||||||||
Allscripts-Misys Healthcare Solutions, Inc. * | 112,500 | 2,194 | ||||||
athenahealth, Inc. * | 58,700 | 2,208 | ||||||
Intuitive Surgical, Inc. * | 2,100 | 517 | ||||||
NuVasive, Inc. * | 10,000 | 363 | ||||||
5,282 | ||||||||
Insurance 1.3% | ||||||||
Markel Corp. * | 4,700 | 1,517 | ||||||
The Allstate Corp. | 52,400 | 1,549 | ||||||
Zenith National Insurance Corp. | 35,900 | 1,024 | ||||||
4,090 | ||||||||
Materials 1.9% | ||||||||
Alcoa, Inc. | 183,100 | 2,274 | ||||||
Martin Marietta Materials, Inc. | 2,600 | 217 | ||||||
Monsanto Co. | 21,000 | 1,411 | ||||||
Nucor Corp. | 800 | 32 | ||||||
Southern Copper Corp. | 34,700 | 1,093 | ||||||
Steel Dynamics, Inc. | 60,900 | 815 | ||||||
5,842 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.5% | ||||||||
AMAG Pharmaceuticals, Inc. * | 20,900 | 790 | ||||||
Celgene Corp. * | 19,200 | 980 | ||||||
Theravance, Inc. * | 12,800 | 179 | ||||||
United Therapeutics Corp. * | 49,600 | 2,110 | ||||||
Vertex Pharmaceuticals, Inc. * | 11,800 | 396 | ||||||
4,455 | ||||||||
Real Estate 0.5% | ||||||||
The St. Joe Co. * | 66,314 | 1,587 | ||||||
Retailing 3.1% | ||||||||
Abercrombie & Fitch Co., Class A | 38,300 | 1,257 | ||||||
American Eagle Outfitters, Inc. | 73,800 | 1,291 | ||||||
AutoZone, Inc. * | 2,500 | 338 | ||||||
J. Crew Group, Inc. * | 35,200 | 1,435 | ||||||
LKQ Corp. * | 41,900 | 724 | ||||||
O’Reilly Automotive, Inc. * | 56,600 | 2,110 | ||||||
Staples, Inc. | 102,300 | 2,220 | ||||||
9,375 | ||||||||
Semiconductors & Semiconductor Equipment 0.7% | ||||||||
Applied Materials, Inc. | 166,700 | 2,034 | ||||||
Software & Services 0.6% | ||||||||
Microsoft Corp. | 20,700 | 574 | ||||||
Paychex, Inc. | 16,900 | 480 | ||||||
Visa, Inc., Class A | 9,800 | 743 | ||||||
1,797 | ||||||||
Technology Hardware & Equipment 1.0% | ||||||||
National Instruments Corp. | 16,100 | 430 | ||||||
Palm, Inc. * | 146,200 | 1,697 | ||||||
QUALCOMM, Inc. | 21,700 | 899 | ||||||
3,026 | ||||||||
Telecommunication Services 0.3% | ||||||||
Leap Wireless International, Inc. * | 52,900 | 699 | ||||||
MetroPCS Communications, Inc. * | 26,900 | 168 | ||||||
867 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Utilities 0.8% | ||||||||
EQT Corp. | 55,400 | 2,319 | ||||||
Total Short Sales (Proceeds $56,558) | 63,214 | |||||||
End of Short Sale Positions. |
* | Non-income producing security |
Assets | ||||||
Investments, at value (cost $281,029) | $303,574 | |||||
Deposits with broker for short sales | 65,683 | |||||
Receivables: | ||||||
Fund shares sold | 193 | |||||
Dividends | 112 | |||||
Prepaid expenses | + | 6 | ||||
Total assets | 369,568 | |||||
Liabilities | ||||||
Securities sold short, at value (proceeds $56,558) | $63,214 | |||||
Payables: | ||||||
Investment adviser and administrator fees | 19 | |||||
Shareholder services fees to affiliate | 50 | |||||
Fund shares redeemed | 450 | |||||
Due to brokers for futures | 229 | |||||
Dividends on short sales | 23 | |||||
Accrued expenses | + | 50 | ||||
Total liabilities | 64,035 | |||||
Net Assets | ||||||
Total assets | 369,568 | |||||
Total liabilities | − | 64,035 | ||||
Net assets | $305,533 | |||||
Net Assets by Source | ||||||
Capital received from investors | 343,421 | |||||
Net realized capital losses | (53,443 | ) | ||||
Net unrealized capital gains | 15,555 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$305,533 | 22,717 | $13.45 |
Investment Income | ||||||
Dividends | $6,207 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (113,118 | ) | ||||
Net realized gains on short sales | 92,358 | |||||
Net realized gains on futures contracts | + | 3,410 | ||||
Net realized losses | (17,350 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 143,588 | |||||
Net unrealized losses on short sales | (101,885 | ) | ||||
Net unrealized losses on futures contracts | + | (1,390 | ) | |||
Net unrealized gains | 40,313 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 5,473 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 190 | |||||
Select Shares | 456 | |||||
Dividends on short sales | 1,680 | |||||
Stock loan fees | 572 | |||||
Registration fees | 63 | |||||
Professional fees | 48 | |||||
Portfolio accounting fees | �� | 41 | ||||
Shareholder reports | 18 | |||||
Custodian fees | 17 | |||||
Trustees’ fees | 10 | |||||
Other expenses | + | 9 | ||||
Total expenses | 8,577 | |||||
Expense reduction by adviser and Schwab | − | 815 | ||||
Net expenses | 7,762 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 6,207 | |||||
Net expenses | − | 7,762 | ||||
Net investment loss | (1,555 | ) | ||||
Net realized losses | (17,350 | ) | ||||
Net unrealized gains | + | 40,313 | ||||
Increase in net assets from operations | $21,408 |
1 | Effective September 28, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment loss | ($1,555 | ) | ($1,611 | ) | ||||||
Net realized gains (losses) | (17,350 | ) | 9,369 | |||||||
Net unrealized gains (losses) | + | 40,313 | (182,720 | ) | ||||||
Increase (Decrease) in net assets from operations | 21,408 | (174,962 | ) | |||||||
Distributions to shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | - | 1,512 | ||||||||
Select Shares | + | 324 | 8,315 | |||||||
Total distributions from net investment income | $324 | $9,827 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 5,287 | $63,442 | 1,439 | $21,463 | ||||||||||||||
Select Shares | + | 11,514 | 147,734 | 7,429 | 111,815 | |||||||||||||
Total shares sold | 16,801 | $211,176 | 8,868 | $133,278 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | - | $- | 90 | $1,392 | ||||||||||||||
Select Shares | + | 20 | 250 | 424 | 6,600 | |||||||||||||
Total shares reinvested | 20 | $250 | 514 | $7,992 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (11,582 | ) | ($147,840 | ) | (8,135 | ) | ($121,483 | ) | ||||||||||
Select Shares | + | (16,134 | ) | (200,712 | ) | (38,408 | ) | (572,804 | ) | |||||||||
Total shares redeemed | (27,716 | ) | ($348,552 | ) | (46,543 | ) | ($694,287 | ) | ||||||||||
Net transactions in fund shares | (10,895 | ) | ($137,126 | ) | (37,161 | ) | ($553,017 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 33,612 | $421,575 | 70,773 | $1,159,381 | ||||||||||||||
Total decrease | + | (10,895 | ) | (116,042 | ) | (37,161 | ) | (737,806 | ) | |||||||||
End of period | 22,717 | $305,533 | 33,612 | $421,575 | ||||||||||||||
1 | Effective September 28, 2009, all outstanding Investor Shares (4,323 shares valued at $59,345) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 9.05 | 15.88 | 15.75 | 14.42 | 13.12 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.08 | 0.18 | 0.18 | 0.10 | 0.12 | |||||||||||||||
Net realized and unrealized gains (losses) | (0.21 | ) | (6.78 | ) | 0.25 | 1.98 | 2.21 | |||||||||||||
Total from investment operations | (0.13 | ) | (6.60 | ) | 0.43 | 2.08 | 2.33 | |||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.15 | ) | (0.21 | ) | (0.11 | ) | (0.11 | ) | (0.09 | ) | ||||||||||
Distributions from net realized gains | — | (0.02 | ) | (0.19 | ) | (0.64 | ) | (0.94 | ) | |||||||||||
Total distributions | (0.15 | ) | (0.23 | ) | (0.30 | ) | (0.75 | ) | (1.03 | ) | ||||||||||
Net asset value at end of period | 8.77 | 9.05 | 15.88 | 15.75 | 14.42 | |||||||||||||||
Total return (%) | (1.10 | ) | (42.08 | ) | 2.75 | 14.85 | 18.62 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.96 | 1 | 0.94 | 0.90 | 0.98 | 1.07 | ||||||||||||||
Gross operating expenses | 0.99 | 0.94 | 0.90 | 0.98 | 1.15 | |||||||||||||||
Net investment income (loss) | 0.91 | 1.56 | 1.06 | 0.87 | 1.01 | |||||||||||||||
Portfolio turnover rate | 47 | 59 | 54 | 57 | 74 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 64 | 84 | 94 | 95 | 29 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .1% | Common Stock | 67,795 | 62,973 | ||||||||
1 | .3% | Short-Term Investment | 863 | 863 | ||||||||
99 | .4% | Total Investments | 68,658 | 63,836 | ||||||||
0 | .6% | Other Assets and Liabilities, Net | 366 | |||||||||
100 | .0% | Total Net Assets | 64,202 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 98.1% of net assets | ||||||||
Banks 16.2% | ||||||||
BancFirst Corp. | 18,900 | 683 | ||||||
Bank of Hawaii Corp. | 10,000 | 444 | ||||||
CapitalSource, Inc. | 305,200 | 1,087 | ||||||
East West Bancorp, Inc. | 43,600 | 394 | ||||||
Fifth Third Bancorp | 67,100 | 600 | ||||||
First Citizens BancShares, Inc., Class A | 6,908 | 1,029 | ||||||
First Horizon National Corp. * | 31,784 | 376 | ||||||
Huntington Bancshares, Inc. | 213,400 | 813 | ||||||
MGIC Investment Corp. * | 115,400 | 497 | ||||||
Santander BanCorp * | 21,600 | 248 | ||||||
Susquehanna Bancshares, Inc. | 10,900 | 60 | ||||||
SVB Financial Group * | 19,700 | 813 | ||||||
Synovus Financial Corp. | 90,300 | 200 | ||||||
The South Financial Group, Inc. | 50,100 | 40 | ||||||
UMB Financial Corp. | 29,700 | 1,181 | ||||||
Wells Fargo & Co. | 55,100 | 1,516 | ||||||
Wintrust Financial Corp. | 15,200 | 429 | ||||||
10,410 | ||||||||
Diversified Financials 47.7% | ||||||||
Affiliated Managers Group, Inc. * | 7,200 | 457 | ||||||
American Express Co. | 44,800 | 1,561 | ||||||
AmeriCredit Corp. * | 46,200 | 815 | ||||||
Bank of America Corp. | 228,300 | 3,329 | ||||||
BlackRock, Inc. | 7,600 | 1,645 | ||||||
Capital One Financial Corp. | 39,200 | 1,435 | ||||||
Citigroup, Inc. | 144,100 | 589 | ||||||
Discover Financial Services | 166,400 | 2,353 | ||||||
GAMCO Investors, Inc., Class A | 7,600 | 321 | ||||||
GFI Group, Inc. | 8,800 | 45 | ||||||
Interactive Brokers Group, Inc., Class A * | 69,300 | 1,109 | ||||||
Investment Technology Group, Inc. * | 20,200 | 436 | ||||||
JPMorgan Chase & Co. | 100,000 | 4,177 | ||||||
LaBranche & Co., Inc. * | 67,770 | 187 | ||||||
Lazard Ltd., Class A | 27,200 | 1,027 | ||||||
MarketAxess Holdings, Inc. * | 25,300 | 301 | ||||||
Moody’s Corp. | 5,900 | 140 | ||||||
Morgan Stanley | 97,200 | 3,122 | ||||||
Nelnet, Inc., Class A * | 37,400 | 525 | ||||||
PHH Corp. * | 47,700 | 771 | ||||||
Piper Jaffray Cos., Inc. * | 6,300 | 292 | ||||||
Raymond James Financial, Inc. | 12,600 | 297 | ||||||
SWS Group, Inc. | 8,000 | 107 | ||||||
TD Ameritrade Holding Corp. * | 64,200 | 1,239 | ||||||
Teton Advisors, Inc., Class B (a)(b)* | 276 | — | ||||||
The Goldman Sachs Group, Inc. | 22,900 | 3,897 | ||||||
TradeStation Group, Inc. * | 55,000 | 425 | ||||||
30,602 | ||||||||
Insurance 20.8% | ||||||||
American Financial Group, Inc. | 65,650 | 1,615 | ||||||
Arch Capital Group Ltd. * | 8,500 | 573 | ||||||
Aspen Insurance Holdings Ltd. | 8,300 | 214 | ||||||
Axis Capital Holdings Ltd. | 17,800 | 514 | ||||||
Delphi Financial Group, Inc., Class A | 4,400 | 95 | ||||||
FBL Financial Group, Inc., Class A | 2,300 | 46 | ||||||
Genworth Financial, Inc., Class A * | 18,700 | 199 | ||||||
MetLife, Inc. | 47,100 | 1,603 | ||||||
National Financial Partners Corp. * | 7,600 | 62 | ||||||
Platinum Underwriters Holdings Ltd. | 13,600 | 486 | ||||||
Principal Financial Group, Inc. | 10,000 | 250 | ||||||
Protective Life Corp. | 5,200 | 100 | ||||||
Prudential Financial, Inc. | 40,500 | 1,832 | ||||||
The Chubb Corp. | 23,200 | 1,126 | ||||||
The Travelers Cos., Inc. | 51,000 | 2,539 | ||||||
Transatlantic Holdings, Inc. | 7,300 | 369 | ||||||
Unum Group | 86,600 | 1,728 | ||||||
13,351 | ||||||||
Real Estate 7.5% | ||||||||
AMB Property Corp. | 3,400 | 75 | ||||||
BRE Properties, Inc. | 2,100 | 57 | ||||||
CBL & Associates Properties, Inc. | 19,300 | 158 | ||||||
Colonial Properties Trust | 33,600 | 354 | ||||||
Corporate Office Properties Trust | 11,700 | 388 | ||||||
DiamondRock Hospitality Co. * | 10,000 | 76 | ||||||
Equity Residential | 9,500 | 274 | ||||||
HCP, Inc. | 9,000 | 266 | ||||||
Hospitality Properties Trust | 21,200 | 410 | ||||||
Host Hotels & Resorts, Inc. | 19,000 | 192 | ||||||
HRPT Properties Trust | 47,200 | 332 | ||||||
Liberty Property Trust | 5,800 | 170 | ||||||
Mack-Cali Realty Corp. | 1,600 | 50 | ||||||
National Retail Properties, Inc. | 19,500 | 378 | ||||||
ProLogis | 5,400 | 61 | ||||||
Public Storage, Inc. | 7,000 | 515 | ||||||
Rayonier, Inc. | 4,300 | 166 | ||||||
Simon Property Group, Inc. | 10,873 | 738 | ||||||
SL Green Realty Corp. | 4,900 | 190 | ||||||
4,850 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Software & Services 5.9% | ||||||||
Euronet Worldwide, Inc. * | 25,000 | 591 | ||||||
MasterCard, Inc., Class A | 7,000 | 1,533 | ||||||
Western Union Co. | 90,000 | 1,636 | ||||||
3,760 | ||||||||
Total Common Stock (Cost $67,795) | 62,973 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 1.3% of net assets | ||||||||
Commercial Paper & Other Obligation 1.3% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 863 | 863 | ||||||
Total Short-Term Investment (Cost $863) | 863 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(b) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. |
Assets | ||||||
Investments, at value (cost $68,658) | $63,836 | |||||
Receivables: | ||||||
Investments sold | 299 | |||||
Fund shares sold | 173 | |||||
Dividends | 42 | |||||
Prepaid expenses | + | 1 | ||||
Total assets | 64,351 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment advisers and administrator fees | 3 | |||||
Shareholder services fees to affiliate | 3 | |||||
Fund shares redeemed | 112 | |||||
Accrued expenses | + | 31 | ||||
Total liabilities | 149 | |||||
Net Assets | ||||||
Total assets | 64,351 | |||||
Total liabilities | − | 149 | ||||
Net assets | $64,202 | |||||
Net Assets by Source | ||||||
Capital received from investors | 106,214 | |||||
Net investment income not yet distributed | 281 | |||||
Net realized capital losses | (37,471 | ) | ||||
Net unrealized capital losses | (4,822 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$64,202 | 7,323 | $8.77 |
Investment Income | ||||||
Dividends (net foreign withholding tax of $1) | $1,180 | |||||
Interest | 1 | |||||
Securities on loan | + | 43 | ||||
Total investment income | 1,224 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (28,643 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 25,525 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 353 | |||||
Transfer agent and shareholder service fees | 184 | |||||
Portfolio accounting fees | 37 | |||||
Professional fees | 30 | |||||
Registration fees | 20 | |||||
Shareholder reports | 12 | |||||
Trustees’ fees | 6 | |||||
Custodian fees | 5 | |||||
Other expenses | + | 2 | ||||
Total expenses | 649 | |||||
Expense reduction by adviser and Schwab | − | 21 | ||||
Net expenses | 628 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 1,224 | |||||
Net expenses | − | 628 | ||||
Net investment income | 596 | |||||
Net realized losses | (28,643 | ) | ||||
Net unrealized gains | + | 25,525 | ||||
Decrease in net assets from operations | ($2,522 | ) |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $596 | $1,364 | ||||||||
Net realized losses | (28,643 | ) | (8,838 | ) | ||||||
Net unrealized gains (losses) | + | 25,525 | (41,408 | ) | ||||||
Decrease in net assets from operations | (2,522 | ) | (48,882 | ) | ||||||
Distributions to Shareholders | ||||||||||
Distribution from net investment income | 1,346 | 1,182 | ||||||||
Distribution from net realized gains | + | — | 140 | |||||||
Total distributions | $1,346 | $1,322 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | 3,170 | $23,404 | 6,693 | $82,051 | ||||||||||||||
Shares Reinvested | 166 | 1,229 | 83 | 1,188 | ||||||||||||||
Shares Redeemed | + | (5,323 | ) | (40,815 | ) | (3,361 | ) | (42,425 | ) | |||||||||
Net transactions in fund shares | (1,987 | ) | ($16,182 | ) | 3,415 | $40,814 | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 9,310 | $84,252 | 5,895 | $93,642 | ||||||||||||||
Total increase or decrease | + | (1,987 | ) | (20,050 | ) | 3,415 | (9,390 | ) | ||||||||||
End of period | 7,323 | $64,202 | 9,310 | $84,252 | ||||||||||||||
Net investment income not yet distributed | $281 | $989 |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
| 10/31/09 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 12.55 | 17.08 | 15.05 | 14.03 | 10.78 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.13 | 0.08 | 0.05 | (0.01 | ) | (0.02 | ) | |||||||||||||
Net realized and unrealized gains (losses) | 0.82 | (4.46 | ) | 2.11 | 1.03 | 3.27 | ||||||||||||||
Total from investment operations | 0.95 | (4.38 | ) | 2.16 | 1.02 | 3.25 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.09 | ) | (0.05 | ) | — | — | — | |||||||||||||
Distributions from net realized gains | — | (0.10 | ) | (0.13 | ) | — | — | |||||||||||||
Total distributions | (0.09 | ) | (0.15 | ) | (0.13 | ) | — | — | ||||||||||||
Net asset value at end of period | 13.41 | 12.55 | 17.08 | 15.05 | 14.03 | |||||||||||||||
Total return (%) | 7.65 | (25.87 | ) | 14.49 | 7.27 | 30.15 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.83 | 1 | 0.82 | 0.82 | 0.84 | 0.89 | ||||||||||||||
Gross operating expenses | 0.85 | 0.82 | 0.82 | 0.84 | 0.89 | |||||||||||||||
Net investment income (loss) | 0.88 | 0.48 | 0.32 | (0.07 | ) | (0.28 | ) | |||||||||||||
Portfolio turnover rate | 36 | 50 | 34 | 76 | 42 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 430 | 545 | 834 | 611 | 397 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
78 | .7% | Common Stock | 345,961 | 338,941 | ||||||||
18 | .3% | Foreign Common Stock | 73,769 | 78,855 | ||||||||
0 | .5% | Other Investment Company | 2,060 | 2,132 | ||||||||
2 | .5% | Short-Term Investments | 10,628 | 10,628 | ||||||||
100 | .0% | Total Investments | 432,418 | 430,556 | ||||||||
0 | .0% | Other Assets and Liabilities, Net | (166 | ) | ||||||||
100 | .0% | Total Net Assets | 430,390 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 78.7% of net assets | ||||||||
Health Care Equipment & Services 30.5% | ||||||||
American Medical Systems Holdings, Inc. * | 35,000 | 540 | ||||||
AmerisourceBergen Corp. | 275,000 | 6,091 | ||||||
AmSurg Corp. * | 15,000 | 316 | ||||||
Baxter International, Inc. | 225,000 | 12,163 | ||||||
Beckman Coulter, Inc. | 75,000 | 4,825 | ||||||
Becton Dickinson & Co. | 100,000 | 6,836 | ||||||
Boston Scientific Corp. * | 800,000 | 6,496 | ||||||
Centene Corp. * | 75,000 | 1,337 | ||||||
Cerner Corp. * | 50,000 | 3,802 | ||||||
CIGNA Corp. | 175,000 | 4,872 | ||||||
Covidien plc | 110,000 | 4,633 | ||||||
DaVita, Inc. * | 100,000 | 5,303 | ||||||
Diagnosticos da America S.A. * | 26,900 | 666 | ||||||
Emergency Medical Services Corp., Class A * | 15,000 | 720 | ||||||
Ensign Group, Inc. | 10,000 | 148 | ||||||
ev3, Inc. * | 50,000 | 589 | ||||||
Express Scripts, Inc. * | 130,000 | 10,390 | ||||||
Haemonetics Corp. * | 5,000 | 258 | ||||||
Henry Schein, Inc. * | 35,000 | 1,849 | ||||||
Hologic, Inc. * | 50,000 | 739 | ||||||
Hospira, Inc. * | 50,000 | 2,232 | ||||||
Humana, Inc. * | 50,000 | 1,879 | ||||||
ICU Medical, Inc. * | 25,000 | 875 | ||||||
Invacare Corp. | 175,000 | 3,925 | ||||||
inVentiv Health, Inc. * | 60,000 | 1,019 | ||||||
Kindred Healthcare, Inc. * | 75,000 | 1,102 | ||||||
LifePoint Hospitals, Inc. * | 50,000 | 1,416 | ||||||
McKesson Corp. | 175,000 | 10,278 | ||||||
Medco Health Solutions, Inc. * | 100,000 | 5,612 | ||||||
Merit Medical Systems, Inc. * | 50,000 | 849 | ||||||
Omnicare, Inc. | 115,000 | 2,492 | ||||||
Owens & Minor, Inc. | 25,000 | 1,022 | ||||||
PharMerica Corp. * | 30,000 | 463 | ||||||
Quest Diagnostics, Inc. | 175,000 | 9,788 | ||||||
ResMed, Inc. * | 25,000 | 1,230 | ||||||
Sirona Dental Systems, Inc. * | 35,000 | 942 | ||||||
STERIS Corp. | 60,000 | 1,756 | ||||||
Synovis Life Technologies, Inc. * | 30,000 | 362 | ||||||
Teleflex, Inc. | 35,000 | 1,741 | ||||||
Tenet Healthcare Corp. * | 150,000 | 768 | ||||||
The Cooper Cos., Inc. | 10,000 | 280 | ||||||
UnitedHealth Group, Inc. | 200,000 | 5,190 | ||||||
Universal Health Services, Inc., Class B | 25,000 | 1,391 | ||||||
WellPoint, Inc. * | 50,000 | 2,338 | ||||||
131,523 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 48.2% | ||||||||
Abbott Laboratories | 300,000 | 15,171 | ||||||
Accelrys, Inc. * | 30,000 | 163 | ||||||
Albany Molecular Research, Inc. * | 25,000 | 203 | ||||||
Alexion Pharmaceuticals, Inc. * | 50,000 | 2,220 | ||||||
Alkermes, Inc. * | 100,000 | 797 | ||||||
Allergan, Inc. | 65,000 | 3,656 | ||||||
Amgen, Inc. * | 375,000 | 20,149 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 10,000 | 894 | ||||||
Biogen Idec, Inc. * | 240,000 | 10,111 | ||||||
Bristol-Myers Squibb Co. | 550,000 | 11,990 | ||||||
Cephalon, Inc. * | 110,000 | 6,004 | ||||||
Eli Lilly & Co. | 125,000 | 4,251 | ||||||
Endo Pharmaceuticals Holdings, Inc. * | 175,000 | 3,920 | ||||||
Enzon Pharmaceuticals, Inc. * | 50,000 | 419 | ||||||
Forest Laboratories, Inc. * | 300,000 | 8,301 | ||||||
Johnson & Johnson | 400,000 | 23,620 | ||||||
King Pharmaceuticals, Inc. * | 475,000 | 4,812 | ||||||
Life Technologies Corp. * | 175,000 | 8,255 | ||||||
Martek Biosciences Corp. * | 125,000 | 2,245 | ||||||
Maxygen, Inc. * | 50,000 | 279 | ||||||
Medicis Pharmaceutical Corp., Class A | 175,000 | 3,705 | ||||||
Merck & Co., Inc. * | 575,000 | 17,785 | ||||||
Millipore Corp. * | 80,000 | 5,361 | ||||||
Mylan, Inc. * | 125,000 | 2,030 | ||||||
Nabi Biopharmaceuticals * | 75,000 | 244 | ||||||
Par Pharmaceutical Cos., Inc. * | 100,000 | 2,097 | ||||||
Perrigo Co. | 10,000 | 372 | ||||||
Pfizer, Inc. | 1,400,000 | 23,842 | ||||||
Techne Corp. | 15,000 | 938 | ||||||
Thermo Fisher Scientific, Inc. * | 200,000 | 9,000 | ||||||
Valeant Pharmaceuticals International * | 100,000 | 2,940 | ||||||
ViroPharma, Inc. * | 150,000 | 1,131 | ||||||
Warner Chilcott plc, Class A * | 125,000 | 2,769 | ||||||
Watson Pharmaceuticals, Inc. * | 225,000 | 7,744 | ||||||
207,418 | ||||||||
Total Common Stock (Cost $345,961) | 338,941 | |||||||
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Foreign Common Stock 18.3% of net assets | ||||||||
Australia 0.4% | ||||||||
Health Care Equipment & Services 0.4% | ||||||||
Healthscope Ltd. | 3,800 | 16 | ||||||
Primary Health Care Ltd. | 276,100 | 1,502 | ||||||
1,518 | ||||||||
Belgium 0.3% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
UCB S.A. | 33,700 | 1,439 | ||||||
Canada 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Biovail Corp. | 25,400 | 343 | ||||||
QLT, Inc. * | 59,400 | 200 | ||||||
543 | ||||||||
China 0.0% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Sino Biopharmaceutical Ltd. * | 200,000 | 69 | ||||||
Denmark 1.0% | ||||||||
Health Care Equipment & Services 0.4% | ||||||||
Coloplast A/S, Class B | 12,100 | 988 | ||||||
GN Store Nord A/S * | 68,400 | 384 | ||||||
William Demant Holdings A/S * | 6,800 | 484 | ||||||
1,856 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.6% | ||||||||
H. Lundbeck A/S | 21,000 | 407 | ||||||
Novo Nordisk A/S, Class B | 35,500 | 2,205 | ||||||
2,612 | ||||||||
4,468 | ||||||||
France 2.6% | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
bioMerieux | 4,600 | 511 | ||||||
Essilor International S.A. | 16,600 | 929 | ||||||
1,440 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 2.3% | ||||||||
Sanofi-Aventis | 134,400 | 9,852 | ||||||
11,292 | ||||||||
Germany 1.3% | ||||||||
Health Care Equipment & Services 0.4% | ||||||||
Celesio AG | 57,200 | 1,419 | ||||||
Fresenius Medical Care AG & Co. KGaA | 6,400 | 311 | ||||||
1,730 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.9% | ||||||||
Bayer AG | 52,800 | 3,663 | ||||||
Stada Arzneimittel AG | 15,000 | 402 | ||||||
4,065 | ||||||||
5,795 | ||||||||
Hong Kong 0.3% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
China Pharmaceutical Group Ltd. | 1,770,000 | 993 | ||||||
China Shineway Pharmaceutical Group Ltd. | 75,000 | 105 | ||||||
1,098 | ||||||||
Indonesia 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
PT Kalbe Farma Tbk | 2,000,000 | 251 | ||||||
Israel 0.4% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.4% | ||||||||
Teva Pharmaceutical Industries Ltd. | 29,900 | 1,507 | ||||||
Italy 0.2% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Recordati S.p.A. | 100,000 | 776 | ||||||
Japan 3.3% | ||||||||
Health Care Equipment & Services 0.7% | ||||||||
Fukuda Denshi Co., Ltd. | 18,000 | 469 | ||||||
Medipal Holdings Corp. | 12,000 | 168 | ||||||
Miraca Holdings, Inc. | 66,000 | 2,135 | ||||||
Olympus Corp. | 2,000 | 62 | ||||||
Terumo Corp. | 3,000 | 158 | ||||||
2,992 | ||||||||
Household & Personal Products 0.0% | ||||||||
Kobayashi Pharmaceutical Co., Ltd. | 1,000 | 43 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 2.6% | ||||||||
Astellas Pharma, Inc. | 73,000 | 2,688 | ||||||
Chugai Pharmaceutical Co., Ltd. | 24,000 | 470 | ||||||
Dainippon Sumitomo Pharma Co., Ltd. | 127,000 | 1,320 | ||||||
Ono Pharmaceutical Co., Ltd. | 11,000 | 522 | ||||||
Santen Pharmaceutical Co., Ltd. | 58,000 | 1,990 | ||||||
Takeda Pharmaceutical Co., Ltd. | 106,000 | 4,239 | ||||||
11,229 | ||||||||
14,264 | ||||||||
Malaysia 0.1% | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Kossan Rubber Industries | 39,700 | 59 | ||||||
KPJ Healthcare Bhd | 15,000 | 19 | ||||||
Top Glove Corp Bhd | 110,000 | 262 | ||||||
340 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Republic of Korea 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Chong Kun Dang Pharm Corp. | 12,500 | 229 | ||||||
LG Life Sciences Ltd. * | 5,600 | 324 | ||||||
553 | ||||||||
Spain 0.2% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Almirall S.A. | 56,000 | 740 | ||||||
Switzerland 4.4% | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Nobel Biocare Holding AG - Reg’d | 15,300 | 434 | ||||||
Synthes, Inc. | 9,100 | 1,080 | ||||||
1,514 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.1% | ||||||||
Actelion Ltd. - Reg’d * | 19,500 | 1,075 | ||||||
Novartis AG - Reg’d | 104,500 | 5,442 | ||||||
Roche Holding AG | 64,400 | 10,314 | ||||||
Tecan AG | 11,200 | 686 | ||||||
17,517 | ||||||||
19,031 | ||||||||
United Kingdom 3.5% | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Smith & Nephew plc | 61,200 | 541 | ||||||
Southern Cross Healthcare Ltd. * | 115,800 | 233 | ||||||
774 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 3.3% | ||||||||
AstraZeneca plc | 176,500 | 7,923 | ||||||
GlaxoSmithKline plc | 315,600 | 6,474 | ||||||
14,397 | ||||||||
15,171 | ||||||||
Total Foreign Common Stock (Cost $73,769) | 78,855 | |||||||
Other Investment Company 0.5% of net assets | ||||||||
United States 0.5% | ||||||||
iShares MSCI EAFE Index Fund | 40,000 | 2,132 | ||||||
Total Other Investment Company (Cost $2,060) | 2,132 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 2.5% of net assets | ||||||||
Commercial Paper & Other Obligations 1.9% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 8,048 | 8,048 | ||||||
U.S. Treasury Obligation 0.6% | ||||||||
U.S. Treasury Bills | ||||||||
0.08%, 12/17/09 (a) | 2,580 | 2,580 | ||||||
Total Short-Term Investments (Cost $10,628) | 10,628 | |||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. |
Reg’d | — Registered |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 125 | 6,456 | (27 | ) |
Assets | ||||||
Investments, at value (cost $432,418) | $430,556 | |||||
Receivables: | ||||||
Dividends | 512 | |||||
Fund shares sold | 154 | |||||
Foreign tax reclaims | 58 | |||||
Prepaid expenses | + | 8 | ||||
Total assets | 431,288 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment adviser and administrator fees | 5 | |||||
Shareholder services fees to affiliate | 18 | |||||
Fund shares redeemed | 647 | |||||
Due to brokers for futures | 179 | |||||
Accrued expenses | + | 49 | ||||
Total liabilities | 898 | |||||
Net Assets | ||||||
Total assets | 431,288 | |||||
Total liabilities | − | 898 | ||||
Net assets | 430,390 | |||||
Net Assets by Source | ||||||
Capital received from investors | 476,400 | |||||
Net investment income not yet distributed | 4,089 | |||||
Net realized capital losses | (48,217 | ) | ||||
Net unrealized capital losses | (1,882 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$430,390 | 32,085 | $13.41 |
Investment Income | ||||||
Dividends (net foreign withholding tax of $91) | $8,042 | |||||
Interest | 13 | |||||
Securities on loan | + | 2 | ||||
Total investment income | 8,057 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (42,472 | ) | ||||
Net realized gains on foreign currency transactions | 379 | |||||
Net realized gains on futures contracts | + | 217 | ||||
Net realized losses | (41,876 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 62,277 | |||||
Net unrealized gains on futures contracts | 2,182 | |||||
Net unrealized gains on foreign currency translations | + | 7 | ||||
Net unrealized gains | 64,466 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 2,545 | |||||
Transfer agent and shareholder service fees | 1,219 | |||||
Shareholder reports | 58 | |||||
Portfolio accounting fees | 49 | |||||
Professional fees | 35 | |||||
Registration fees | 33 | |||||
Custodian fees | 30 | |||||
Trustees’ fees | 10 | |||||
Other expenses | + | 12 | ||||
Total expenses | 3,991 | |||||
Expense reduction by adviser and Schwab | − | 74 | ||||
Net expenses | 3,917 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 8,057 | |||||
Net expenses | − | 3,917 | ||||
Net investment income | 4,140 | |||||
Net realized losses | (41,876 | ) | ||||
Net unrealized gains | + | 64,466 | ||||
Increase in net assets from operations | $26,730 |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $4,140 | $3,551 | ||||||||
Net realized losses | (41,876 | ) | (5,177 | ) | ||||||
Net unrealized gains (losses) | + | 64,466 | (209,234 | ) | ||||||
Increase (Decrease) in net assets from operations | 26,730 | (210,860 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | 3,760 | 2,381 | ||||||||
Distributions from net realized gains | + | - | 4,855 | |||||||
Total distributions | $3,760 | $7,236 |
Transactions in Fund Shares |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | 4,546 | $55,024 | 12,076 | $187,775 | ||||||||||||||
Shares Reinvested | 283 | 3,366 | 396 | 6,542 | ||||||||||||||
Shares Redeemed | + | (16,146 | ) | (195,654 | ) | (17,912 | ) | (265,632 | ) | |||||||||
Net transactions in fund shares | (11,317 | ) | ($137,264 | ) | (5,440 | ) | ($71,315 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 43,402 | $544,684 | 48,842 | $834,095 | ||||||||||||||
Total decrease | + | (11,317 | ) | (114,294 | ) | (5,440 | ) | ($289,411 | ) | |||||||||
End of period | 32,085 | $430,390 | 43,402 | $544,684 | ||||||||||||||
Net investment income not yet distributed | $4,089 | $3,430 |
11/1/08– | 5/30/082– | |||||||
10/31/091 | 10/31/08 | |||||||
Per-Share Data ($) | ||||||||
Net asset value at beginning of period | 5.85 | 10.00 | ||||||
Income (loss) from investment operations: | ||||||||
Net investment income (loss) | 0.03 | 0.06 | ||||||
Net realized and unrealized gains (losses) | 1.46 | (4.21 | ) | |||||
Total from investment operations | 1.49 | (4.15 | ) | |||||
Less distributions: | ||||||||
Distributions from net investment income | (0.09 | ) | — | |||||
Net asset value at end of period | 7.25 | 5.85 | ||||||
Total return (%) | 25.98 | (41.50 | )3 | |||||
Ratios/Supplemental Data (%) | ||||||||
Ratios to average net assets: | ||||||||
Net operating expenses | 0.86 | 0.86 | 4 | |||||
Gross operating expenses | 1.60 | 1.39 | 4 | |||||
Net investment income (loss) | 1.19 | 1.67 | 4 | |||||
Portfolio turnover rate | 94 | 56 | 3 | |||||
Net assets, end of period ($ x 1,000,000) | 37 | 3 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
97 | .9% | Common Stock | 34,952 | 36,338 | ||||||||
1 | .9% | Other Investment Company | 706 | 706 | ||||||||
99 | .8% | Total Investments | 35,658 | 37,044 | ||||||||
0 | .2% | Other Assets and Liabilities | �� | 80 | ||||||||
100 | .0% | Net Assets | 37,124 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Common Stock 97.9% of net assets | ||||||||
Australia 9.4% | ||||||||
Banks 1.2% | ||||||||
Australia & New Zealand Banking Group Ltd. | 8,864 | 181 | ||||||
Commonwealth Bank of Australia | 5,672 | 262 | ||||||
443 | ||||||||
Commercial & Professional Supplies 0.5% | ||||||||
Downer EDI Ltd. | 23,011 | 175 | ||||||
Consumer Services 0.1% | ||||||||
Tatts Group Ltd. | 16,478 | 36 | ||||||
Energy 0.9% | ||||||||
Caltex Australia Ltd. * | 20,214 | 183 | ||||||
Origin Energy Ltd. | 10,485 | 151 | ||||||
334 | ||||||||
Food & Staples Retailing 1.3% | ||||||||
Metcash Ltd. | 50,982 | 214 | ||||||
Woolworths Ltd. | 10,148 | 260 | ||||||
474 | ||||||||
Insurance 0.7% | ||||||||
QBE Insurance Group Ltd. | 12,711 | 256 | ||||||
Materials 3.7% | ||||||||
Amcor Ltd. | 53,023 | 273 | ||||||
BHP Billiton Ltd. | 13,143 | 431 | ||||||
Boral Ltd. | 38,081 | 194 | ||||||
Mincor Resources NL | 116,607 | 221 | ||||||
Orica Ltd. | 4,029 | 85 | ||||||
Panoramic Resources, Ltd. | 88,899 | 183 | ||||||
1,387 | ||||||||
Retailing 0.3% | ||||||||
David Jones Ltd. | 9,079 | 43 | ||||||
JB Hi-Fi Ltd. | 3,022 | 56 | ||||||
99 | ||||||||
Transportation 0.2% | ||||||||
Toll Holdings Ltd. | 12,097 | 92 | ||||||
Utilities 0.5% | ||||||||
AGL Energy Ltd. | 15,688 | 194 | ||||||
3,490 | ||||||||
Austria 0.7% | ||||||||
Banks 0.1% | ||||||||
Erste Group Bank AG | 668 | 27 | ||||||
Transportation 0.6% | ||||||||
Oesterreichische Post AG | 7,772 | 227 | ||||||
254 | ||||||||
Belgium 0.1% | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Delhaize Group | 427 | 29 | ||||||
Canada 0.1% | ||||||||
Materials 0.1% | ||||||||
Cascades, Inc. | 5,600 | 36 | ||||||
China 0.7% | ||||||||
Banks 0.7% | ||||||||
Bank of China Ltd., Class H | 96,000 | 56 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 269,000 | 214 | ||||||
270 | ||||||||
Denmark 0.7% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.7% | ||||||||
Novo Nordisk A/S, Class B | 4,447 | 276 | ||||||
Finland 1.4% | ||||||||
Materials 0.8% | ||||||||
Huhtamaki Oyj | 22,259 | 301 | ||||||
Software & Services 0.6% | ||||||||
Tieto Oyj | 10,744 | 214 | ||||||
515 | ||||||||
France 9.6% | ||||||||
Automobiles & Components 1.0% | ||||||||
Compagnie Generale des Etablissements Michelin, Class B | 2,805 | 208 | ||||||
Valeo S.A. * | 5,529 | 150 | ||||||
358 | ||||||||
Banks 1.1% | ||||||||
BNP Paribas | 3,451 | 260 | ||||||
Societe Generale | 2,171 | 144 | ||||||
404 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Capital Goods 0.7% | ||||||||
Alstom S.A. | 977 | 68 | ||||||
Bouygues S.A. | 1,035 | 49 | ||||||
Safran S.A. | 2,135 | 34 | ||||||
Vinci S.A. | 2,069 | 108 | ||||||
259 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
LVMH Moet Hennessy Louis Vuitton S.A. | 830 | 86 | ||||||
Food & Staples Retailing 0.7% | ||||||||
Rallye S.A. | 8,092 | 275 | ||||||
Insurance 1.5% | ||||||||
AXA S.A. | 13,714 | 341 | ||||||
CNP Assurances | 2,024 | 196 | ||||||
537 | ||||||||
Materials 0.2% | ||||||||
Air Liquide S.A. | 599 | 64 | ||||||
Media 1.4% | ||||||||
Publicis Groupe | 6,500 | 247 | ||||||
Vivendi | 9,396 | 261 | ||||||
508 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.6% | ||||||||
Sanofi-Aventis | 8,267 | 606 | ||||||
Retailing 0.1% | ||||||||
PPR | 483 | 52 | ||||||
Telecommunication Services 1.1% | ||||||||
France Telecom S.A. | 16,579 | 411 | ||||||
3,560 | ||||||||
Germany 6.6% | ||||||||
Automobiles & Components 0.7% | ||||||||
Bayerische Motoren Werke AG | 4,930 | 241 | ||||||
Capital Goods 0.9% | ||||||||
Bilfinger Berger AG | 849 | 55 | ||||||
MTU Aero Engines Holding AG | 6,153 | 279 | ||||||
334 | ||||||||
Consumer Durables & Apparel 0.6% | ||||||||
Puma AG Rudolf Dassler Sport | 731 | 224 | ||||||
Diversified Financials 0.2% | ||||||||
Deutsche Boerse AG | 1,059 | 86 | ||||||
Insurance 0.8% | ||||||||
Muenchener Rueckversicherungs-Gesellschaft AG - Reg’d | 1,947 | 308 | ||||||
Materials 1.0% | ||||||||
BASF SE | 7,061 | 378 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.1% | ||||||||
Bayer AG | 5,770 | 401 | ||||||
Utilities 1.3% | ||||||||
E.ON AG | 4,294 | 165 | ||||||
RWE AG | 3,653 | 320 | ||||||
485 | ||||||||
2,457 | ||||||||
Greece 0.4% | ||||||||
Banks 0.2% | ||||||||
National Bank of Greece S.A. * | 2,228 | 82 | ||||||
Consumer Services 0.2% | ||||||||
OPAP S.A. | 2,295 | 58 | ||||||
140 | ||||||||
Hong Kong 4.3% | ||||||||
Banks 0.9% | ||||||||
Hang Seng Bank Ltd. | 14,900 | 211 | ||||||
Industrial & Commercial Bank of China (Asia) Ltd. | 50,000 | 116 | ||||||
327 | ||||||||
Energy 1.0% | ||||||||
CNOOC Ltd. | 187,000 | 280 | ||||||
CNPC Hong Kong Ltd. | 80,000 | 85 | ||||||
365 | ||||||||
Real Estate 0.8% | ||||||||
Great Eagle Holdings Ltd. | 20,000 | 53 | ||||||
Sun Hung Kai Properties Ltd. | 17,000 | 257 | ||||||
310 | ||||||||
Technology Hardware & Equipment 0.7% | ||||||||
VTech Holdings Ltd. | 31,000 | 258 | ||||||
Telecommunication Services 0.1% | ||||||||
China Mobile Ltd. | 3,500 | 33 | ||||||
Utilities 0.8% | ||||||||
CLP Holdings Ltd. | 5,500 | 37 | ||||||
Hongkong Electric Holdings Ltd. | 49,000 | 262 | ||||||
299 | ||||||||
1,592 | ||||||||
Italy 2.2% | ||||||||
Banks 0.8% | ||||||||
Intesa Sanpaolo * | 28,854 | 121 | ||||||
UniCredit S.p.A. * | 53,379 | 179 | ||||||
300 | ||||||||
Capital Goods 0.3% | ||||||||
Prysmian S.p.A. | 5,656 | 99 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Recordati S.p.A. | 40,675 | 316 | ||||||
Utilities 0.3% | ||||||||
Enel S.p.A. | 20,025 | 119 | ||||||
834 | ||||||||
Japan 22.1% | ||||||||
Automobiles & Components 1.5% | ||||||||
Nhk Spring Co., Ltd. | 36,000 | 281 | ||||||
Nissan Shatai Co., Ltd. | 31,000 | 261 | ||||||
542 | ||||||||
Banks 2.1% | ||||||||
Bank of The Ryukyus Ltd. | 20,200 | 217 | ||||||
The Kagoshima Bank Ltd. | 36,000 | 266 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
The San-in Godo Bank Ltd. | 33,000 | 287 | ||||||
770 | ||||||||
Capital Goods 4.2% | ||||||||
Itochu Corp. | 31,000 | 196 | ||||||
Marubeni Corp. | 24,000 | 119 | ||||||
Mitsubishi Corp. | 10,200 | 216 | ||||||
Mitsui & Co., Ltd. | 17,700 | 232 | ||||||
NEC Networks & System Integration Corp. | 10,100 | 123 | ||||||
Nippo Corp. | 31,000 | 239 | ||||||
Noritz Corp. | 11,200 | 142 | ||||||
Sanki Engineering Co., Ltd. | 14,000 | 103 | ||||||
Sumitomo Corp. | 17,700 | 172 | ||||||
1,542 | ||||||||
Commercial & Professional Supplies 0.6% | ||||||||
Duskin Co., Ltd. | 12,200 | 220 | ||||||
Consumer Durables & Apparel 0.8% | ||||||||
Heiwa Corp. | 20,100 | 197 | ||||||
Tomy Co., Ltd. | 11,100 | 98 | ||||||
295 | ||||||||
Consumer Services 0.5% | ||||||||
Ohsho Food Service Corp. | 6,700 | 191 | ||||||
Diversified Financials 0.4% | ||||||||
Hitachi Capital Corp. | 7,800 | 99 | ||||||
Promise Co., Ltd. | 10,700 | 68 | ||||||
167 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Heiwado Co., Ltd. | 3,600 | 47 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 1,600 | 37 | ||||||
84 | ||||||||
Food, Beverage & Tobacco 2.9% | ||||||||
Asahi Breweries Ltd. | 4,400 | 78 | ||||||
Morinaga Milk Industry Co., Ltd. | 63,000 | 294 | ||||||
Nippon Meat Packers, Inc. | 12,000 | 141 | ||||||
Nisshin Seifun Group, Inc. | 20,500 | 273 | ||||||
Toyo Suisan Kaisha Ltd. | 11,000 | 288 | ||||||
1,074 | ||||||||
Health Care Equipment & Services 1.2% | ||||||||
Miraca Holdings, Inc. | 7,800 | 252 | ||||||
Nipro Corp. | 8,200 | 177 | ||||||
429 | ||||||||
Household & Personal Products 0.7% | ||||||||
Kobayashi Pharmaceutical Co., Ltd. | 6,200 | 267 | ||||||
Insurance 0.5% | ||||||||
Tokio Marine Holdings, Inc. | 7,700 | 197 | ||||||
Materials 1.5% | ||||||||
Hitachi Chemical Co., Ltd. | 2,800 | 56 | ||||||
Nippon Soda Co., Ltd. | 52,000 | 209 | ||||||
Rengo Co., Ltd. | 18,000 | 101 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 13,800 | 181 | ||||||
547 | ||||||||
Real Estate 1.2% | ||||||||
Daito Trust Construction Co., Ltd. | 3,700 | 154 | ||||||
Daiwa House Industry Co., Ltd. | 19,000 | 203 | ||||||
Leopalace21 Corp. | 18,100 | 98 | ||||||
455 | ||||||||
Retailing 0.8% | ||||||||
K’s Holdings Corp. | 3,400 | 110 | ||||||
Shimachu Co., Ltd. | 7,700 | 182 | ||||||
292 | ||||||||
Semiconductors & Semiconductor Equipment 0.4% | ||||||||
Mimasu Semiconductor Industry Co., Ltd. | 9,500 | 123 | ||||||
Rohm Co., Ltd. | 500 | 33 | ||||||
156 | ||||||||
Technology Hardware & Equipment 1.3% | ||||||||
Canon, Inc. | 10,600 | 400 | ||||||
Nohmi Bosai Ltd. | 9,000 | 66 | ||||||
466 | ||||||||
Telecommunication Services 0.6% | ||||||||
Nippon Telegraph & Telephone Corp. | 1,800 | 74 | ||||||
NTT DoCoMo, Inc. | 116 | 168 | ||||||
242 | ||||||||
Transportation 0.7% | ||||||||
Nippon Express Co., Ltd. | 39,000 | 160 | ||||||
Seino Holdings Co., Ltd. | 15,000 | 111 | ||||||
271 | ||||||||
8,207 | ||||||||
Mexico 0.6% | ||||||||
Materials 0.6% | ||||||||
Grupo Mexico S.A.B. de C.V., Series B * | 104,829 | 206 | ||||||
Netherlands 0.8% | ||||||||
Capital Goods 0.2% | ||||||||
European Aeronautic Defence & Space Co. | 3,470 | 65 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Koninklijke Ahold N.V. | 4,195 | 53 | ||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Unilever N.V. | 6,098 | 188 | ||||||
306 | ||||||||
Norway 1.0% | ||||||||
Energy 1.0% | ||||||||
StatoiHydro A.S.A. | 1,700 | 40 | ||||||
TGS Nopec Geophysical Co., A.S.A. * | 18,800 | 285 | ||||||
Acergy S.A. | 4,600 | 58 | ||||||
383 | ||||||||
Portugal 0.8% | ||||||||
Materials 0.1% | ||||||||
Cimpor-Cimentos de Portugal, SGPS, S.A. | 4,965 | 39 | ||||||
Telecommunication Services 0.6% | ||||||||
Portugal Telecom, SGPS, S.A. - Reg’d | 18,983 | 217 | ||||||
Utilities 0.1% | ||||||||
EDP - Energias de Portugal S.A. | 7,801 | 34 | ||||||
290 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Republic of Korea 1.3% | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
LG Electronics, Inc. | 887 | 82 | ||||||
Consumer Services 0.2% | ||||||||
Kangwon Land, Inc. | 5,090 | 68 | ||||||
Materials 0.8% | ||||||||
Korea Zinc Co., Ltd. | 522 | 81 | ||||||
LG Chem Ltd. | 1,183 | 204 | ||||||
285 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Samsung Electronics Co., Ltd. | 60 | 36 | ||||||
471 | ||||||||
Singapore 1.3% | ||||||||
Banks 0.6% | ||||||||
Oversea-Chinese Banking Corp., Ltd. | 28,000 | 151 | ||||||
United Overseas Bank Ltd. | 5,000 | 60 | ||||||
211 | ||||||||
Real Estate 0.4% | ||||||||
Ho Bee Investment Ltd. | 140,000 | 138 | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Venture Corp., Ltd. | 20,000 | 128 | ||||||
477 | ||||||||
Spain 5.9% | ||||||||
Banks 2.8% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 13,875 | 248 | ||||||
Banco de Sabadell S.A. | 11,288 | 76 | ||||||
Banco Popular Espanol S.A. | 21,453 | 191 | ||||||
Banco Santander S.A. | 31,712 | 511 | ||||||
1,026 | ||||||||
Capital Goods 0.2% | ||||||||
Duro Felguera S.A. | 8,999 | 89 | ||||||
Diversified Financials 0.1% | ||||||||
Corporacion Financiera Alba S.A. | 823 | 43 | ||||||
Telecommunication Services 2.0% | ||||||||
Telefonica S.A. | 27,164 | 759 | ||||||
Utilities 0.8% | ||||||||
Endesa S.A. | 8,582 | 285 | ||||||
2,202 | ||||||||
Sweden 2.4% | ||||||||
Capital Goods 1.1% | ||||||||
Alfa Laval AB | 13,046 | 159 | ||||||
Skanska AB, B Shares | 15,794 | 232 | ||||||
391 | ||||||||
Consumer Durables & Apparel 0.6% | ||||||||
Electrolux AB, B Shares * | 10,041 | 241 | ||||||
Materials 0.7% | ||||||||
Boliden AB | 20,284 | 244 | ||||||
876 | ||||||||
Switzerland 5.5% | ||||||||
Capital Goods 1.2% | ||||||||
Geberit AG - Reg’d | 1,417 | 234 | ||||||
Schindler Holding AG | 2,889 | 198 | ||||||
432 | ||||||||
Diversified Financials 0.7% | ||||||||
Credit Suisse Group AG - Reg’d | 4,629 | 247 | ||||||
Food, Beverage & Tobacco 1.4% | ||||||||
Nestle S.A. - Reg’d | 11,189 | 520 | ||||||
�� | ||||||||
Insurance 0.3% | ||||||||
Baloise Holding AG - Reg’d | 842 | 72 | ||||||
Zurich Financial Services AG - Reg’d | 218 | 50 | ||||||
122 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.9% | ||||||||
Novartis AG - Reg’d | 8,331 | 434 | ||||||
Roche Holding AG | 1,690 | 271 | ||||||
705 | ||||||||
2,026 | ||||||||
United Kingdom 20.0% | ||||||||
Banks 3.2% | ||||||||
Barclays plc * | 37,910 | 199 | ||||||
HSBC Holdings plc | 67,411 | 745 | ||||||
Lloyds Banking Group plc * | 33,400 | 47 | ||||||
Standard Chartered plc | 7,663 | 188 | ||||||
1,179 | ||||||||
Capital Goods 1.4% | ||||||||
IMI plc | 22,271 | 157 | ||||||
Invensys plc | 23,121 | 107 | ||||||
Travis Perkins plc | 19,246 | 237 | ||||||
501 | ||||||||
Diversified Financials 2.2% | ||||||||
International Personal Finance | 60,964 | 205 | ||||||
Provident Financial plc | 14,397 | 219 | ||||||
Tullett Prebon plc | 66,339 | 394 | ||||||
818 | ||||||||
Energy 4.8% | ||||||||
AMEC plc | 18,442 | 243 | ||||||
BP plc | 75,070 | 703 | ||||||
Petrofac Ltd. | 17,872 | 275 | ||||||
Royal Dutch Shell plc, B Share | 20,096 | 579 | ||||||
1,800 | ||||||||
Food, Beverage & Tobacco 0.7% | ||||||||
Britvic plc | 48,387 | 277 | ||||||
Insurance 0.6% | ||||||||
Legal & General Group plc | 176,927 | 227 | ||||||
Materials 1.1% | ||||||||
Anglo American plc * | 2,896 | 105 | ||||||
Antofagasta plc | 17,680 | 223 | ||||||
Kazakhmys plc * | 4,011 | 71 | ||||||
399 | ||||||||
Media 0.4% | ||||||||
Daily Mail & General Trust plc, Class A | 21,401 | 139 |
Number | Value | |||||||
Security | of Shares | ($ x 1,000) | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 2.7% | ||||||||
AstraZeneca plc | 9,235 | 414 | ||||||
GlaxoSmithKline plc | 28,898 | 593 | ||||||
1,007 | ||||||||
Retailing 0.4% | ||||||||
WH Smith plc | 17,508 | 144 | ||||||
Software & Services 0.7% | ||||||||
Logica plc | 133,904 | 254 | ||||||
Technology Hardware & Equipment 0.4% | ||||||||
Spirent Communications plc | 106,116 | 160 | ||||||
Transportation 0.7% | ||||||||
Go-Ahead Group plc | 11,302 | 263 | ||||||
Utilities 0.7% | ||||||||
National Grid plc | 27,538 | 273 | ||||||
7,441 | ||||||||
Total Common Stock (Cost $34,952) | 36,338 | |||||||
Other Investment Company 1.9% of net assets | ||||||||
United States 1.9% | ||||||||
State Street Institutional Liquid Reserves Fund - Institutional Class | 705,561 | 706 | ||||||
Total Other Investment Company (Cost $706) | 706 | |||||||
End of Investments. |
* | Non-income producing security. |
Reg’d | — Registered |
Assets | ||||||
Investments, at value (cost $35,658) | $37,044 | |||||
Foreign currency, at value (cost $33) | 33 | |||||
Receivables: | ||||||
Dividends | 59 | |||||
Fund shares sold | 42 | |||||
Foreign tax reclaims | + | 28 | ||||
Total assets | 37,206 | |||||
Liabilities | ||||||
Payables: | ||||||
Investment advisers and administrator fees | 6 | |||||
Fund shares redeemed | 30 | |||||
Accrued expenses | + | 46 | ||||
Total liabilities | 82 | |||||
Net Assets | ||||||
Total assets | 37,206 | |||||
Total liabilities | − | 82 | ||||
Net assets | 37,124 | |||||
Net Assets by Source | ||||||
Capital received from investors | 56,314 | |||||
Net investment income not yet distributed | 705 | |||||
Net realized capital losses | (21,284 | ) | ||||
Net unrealized capital gains | 1,389 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$37,124 | 5,123 | $7.25 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $88) | $1,037 | |||||
Interest | + | 4 | ||||
Total investment income | 1,041 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (14,090 | ) | ||||
Net realized gains on foreign currency transactions | + | 17 | ||||
Net realized losses | (14,073 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 21,220 | |||||
Net unrealized losses on foreign currency translations | + | (2 | ) | |||
Net unrealized gains | 21,218 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 235 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 51 | |||||
Select Shares1 | 14 | |||||
Institutional Shares | 12 | |||||
Portfolio accounting fees | 61 | |||||
Professional fees | 46 | |||||
Registration fees | 32 | |||||
Shareholder reports | 31 | |||||
Custodian fees | 25 | |||||
Trustees’ fees | 6 | |||||
Other expenses | + | 5 | ||||
Total expenses | 518 | |||||
Expense reduction by adviser and Schwab | − | 211 | ||||
Net expenses | 307 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 1,041 | |||||
Net expenses | − | 307 | ||||
Net investment income | 734 | |||||
Net realized losses | (14,073 | ) | ||||
Net unrealized gains | + | 21,218 | ||||
Increase in net assets from operations | $7,879 |
1 | Effective October 7, 2009, all outstanding Investor Shares and Select Shares combined with Institutional Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 05/30/08*-10/31/08 | |||||||||
Net investment income | $734 | $328 | ||||||||
Net realized losses | (14,073 | ) | (7,108 | ) | ||||||
Net unrealized gains (losses) | + | 21,218 | (19,829 | ) | ||||||
Increase (Decrease) in net assets from operations | 7,879 | (26,609 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 283 | — | ||||||||
Select Shares | 135 | — | ||||||||
Institutional Shares | + | 42 | — | |||||||
Total distributions from net investment income | $460 | $- |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 05/30/08*-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 321 | $1,872 | 4,667 | $46,199 | ||||||||||||||
Select Shares | 247 | 1,344 | 2,361 | 23,461 | ||||||||||||||
Institutional Shares | + | 4,933 | 36,215 | 458 | 4,508 | |||||||||||||
Total shares sold | 5,501 | $39,431 | 7,486 | $74,168 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 45 | $249 | — | $- | ||||||||||||||
Select Shares | 20 | 111 | — | — | ||||||||||||||
Institutional Shares | + | 1 | 5 | — | — | |||||||||||||
Total shares reinvested | 66 | $365 | — | $- | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (4,002 | ) | ($28,220 | ) | (1,031 | ) | ($8,130 | ) | ||||||||||
Select Shares | (1,826 | ) | (12,883 | ) | (802 | ) | (6,373 | ) | ||||||||||
Institutional Shares | + | (269 | ) | (2,044 | ) | - | - | |||||||||||
Total shares redeemed | (6,097 | ) | ($43,147 | ) | (1,833 | ) | ($14,503 | ) | ||||||||||
Net transactions in fund shares | (530 | ) | ($3,351 | ) | 5,653 | $59,665 | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 05/30/08*-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 5,653 | $33,056 | — | $- | ||||||||||||||
Total increase or decrease | + | (530 | ) | 4,068 | 5,653 | 33,056 | ||||||||||||
End of period | 5,123 | $37,124 | 5,653 | $33,056 | ||||||||||||||
Net Investment income not yet distributed | $705 | $404 |
* | Commencement of operations. |
1 | Effective October 7, 2009, all outstanding Investor Shares (3,284 shares valued at $24,125) and Select Shares (1,480 shares valued at $10,870) combined with Institutional Shares, resulting in a single class of shares of the fund. |
Schwab Capital Trust (organized May 7, 1993) Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund Schwab Financial Services Fund Schwab Health Care Fund Schwab International Core Equity Fund Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Laudus Small-Cap MarketMasters Fund | Laudus International MarketMasters Fund Schwab Balanced Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund—Moderate Payout Schwab Monthly Income Fund—Enhanced Payout Schwab Monthly Income Fund—Maximum Payout | |||
(All dollar amounts are x 1,000)
• | Securities traded on an exchange or over-the-counter: valued at the closing value for the day, or, on days when no closing value has been reported, halfway between the most recent bid and asked quotes. Securities that are primarily traded on foreign exchanges are valued at the closing values of such securities on their respective exchanges with these values then translated into U.S. dollars at the valuation date exchange rate. | |
• | Securities for which no quoted value is available: The Board of Trustees has adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when a security is delisted or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price or when a security’s primary trading market is closed during regular market hours. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to the procedures. | |
• | International Fair Valuation: The Board of Trustees has adopted procedures to fair value foreign securities that trade in markets that close prior to when the funds value their holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, each fund seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter “arbitrage” market timers, who seek to exploit delays between the change in the value of a fund’s portfolio holdings and the net asset value of the fund’s shares, and seeks to help ensure that the prices at which the fund’s shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of a fund and that of its index or benchmark. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board of Trustees regularly reviews fair value determinations made by the funds pursuant to these procedures. | |
• | Futures and Forwards contracts: valued at their settlement prices as of the close of their exchanges (for futures) or at a value based on that day’s exchange rates (for forwards). | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. | |
• | Underlying funds: valued at their respective net asset values as determined by those funds in accordance with the 1940 Act for a given day. |
• | Level 1 — quoted prices in active markets for identical securities. — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The funds |
(All dollar amounts are x 1,000)
do not adjust the quoted price for such investments, even in situations where the funds hold a large position and a sale could reasonably impact the quoted prices. |
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 Prices. These generally include certain U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Board of Trustees has approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the funds’ own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $362,368 | $— | $— | $362,368 | ||||||||||||
Other Investment Company | 3,072 | — | — | 3,072 | ||||||||||||
Short-Term Investment(a) | — | 125 | — | 125 | ||||||||||||
Total | $365,440 | $125 | $— | $365,565 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments — Futures Contracts* | $(63 | ) | $— | $— | $(63 | ) |
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $1,708,535 | $— | $— | $1,708,535 | ||||||||||||
Other Investment Company | 52,846 | — | — | 52,846 | ||||||||||||
Short-Term Investment(a) | — | 6,890 | — | 6,890 | ||||||||||||
Total | $1,761,381 | $6,890 | $— | $1,768,271 | ||||||||||||
Other Financial Instruments — Collateral Invested for Securities on Loan | $1,974 | $— | $— | $1,974 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments — Futures Contracts* | $(1,077 | ) | $— | $— | $(1,077 | ) |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $1,275,525 | $— | $— | $1,275,525 | ||||||||||||
Short-Term Investment(a) | — | 19,719 | — | 19,719 | ||||||||||||
Total | $1,275,525 | $19,719 | $— | $1,295,244 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments — Futures Contracts* | $(77 | ) | $— | $— | $(77 | ) |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Total** | |||||||||||||
Common Stock(a) | $355,682 | $— | $— | $355,682 | ||||||||||||
Other Investment Company | 1,371 | — | — | 1,371 | ||||||||||||
Short-Term Investment(a) | — | 2,107 | — | 2,107 | ||||||||||||
Total | $357,053 | $2,107 | $— | $359,160 | ||||||||||||
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $190,496 | $— | $— | $190,496 | ||||||||||||
Short-Term Investments(a) | — | 11,213 | — | 11,213 | ||||||||||||
Total | $190,496 | $11,213 | $— | $201,709 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments — Futures Contracts* | $(407 | ) | $— | $— | $(407 | ) |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $288,517 | $— | $— | $288,517 | ||||||||||||
Other Investment Company | 12,803 | — | — | 12,803 | ||||||||||||
Short-Term Investment(a) | — | 2,254 | — | 2,254 | ||||||||||||
Total | $301,320 | $2,254 | $— | $303,574 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Short Sales(a) | $(63,214 | ) | $— | $— | $(63,214 | ) | ||||||||||
Total | $(63,214 | ) | $— | $— | $(63,214 | ) | ||||||||||
Other Financial Instruments — Futures Contracts* | $(334 | ) | $— | $— | $(334 | ) |
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $62,973 | $— | $— | $62,973 | ||||||||||||
Short-Term Investment(a) | — | 863 | — | 863 | ||||||||||||
Total | $62,973 | $863 | $— | $63,836 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $338,941 | $— | $— | $338,941 | ||||||||||||
Foreign Common Stock(a) | — | 78,312 | — | 78,312 | ||||||||||||
Canada(a) | 543 | — | — | 543 | ||||||||||||
Other Investment Company(a) | 2,132 | — | — | 2,132 | ||||||||||||
Short-Term Investment(a) | — | 10,628 | — | 10,628 | ||||||||||||
Total | $341,616 | $88,940 | $— | $430,556 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments — Futures Contract* | ($27 | ) | $— | $— | ($27 | ) |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $— | $36,096 | $— | $36,096 | ||||||||||||
Canada(a) | 36 | — | — | 36 | ||||||||||||
Mexico(a) | 206 | — | — | 206 | ||||||||||||
Other Investment Company(a) | 706 | — | — | 706 | ||||||||||||
Total | $948 | $36,096 | $— | $37,044 | ||||||||||||
* | Futures contracts are not included in Investments and are valued at the unrealized appreciation or depreciation. | |
** | The fund had no Other Financial Instruments. | |
(a) | As categorized in Portfolio Holdings |
(All dollar amounts are x 1,000)
(All dollar amounts are x 1,000)
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
% of Average | Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | ||||||||||||||||||
Daily Net Assets | Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund | ||||||||||||||||||
Current rate | 0.73% | 0.47% | 0.62% | 0.72% | 0.81% | 1.05% | ||||||||||||||||||
Prior to July 1, 2009, the fees were: | ||||||||||||||||||||||||
First $500 million | 0.91% | 0.54% | 0.775% | 0.87% | 0.975% | 1.675% | ||||||||||||||||||
$500 million to $1 billion | 0.885% | 0.49% | 0.77% | 0.85% | 0.93% | 1.65% | ||||||||||||||||||
$1 billion to $2 billion | 0.86% | n/a | 0.76% | 0.83% | 0.91% | 1.63% | ||||||||||||||||||
Over $2 billion | n/a | n/a | n/a | 0.81% | n/a | n/a | ||||||||||||||||||
(All dollar amounts are x 1,000)
Effective July 1, 2009, the fees are: |
Schwab | ||||||||||||||||||||||||
% of Average | International Core | |||||||||||||||||||||||
Daily Net Assets | Equity Fund | |||||||||||||||||||||||
Current rate | 0.58% | |||||||||||||||||||||||
Prior to July 1, 2009, the fees were: | ||||||||||||||||||||||||
First $500 million | 0.81% | |||||||||||||||||||||||
$500 million to $1 billion | 0.79% | |||||||||||||||||||||||
$1 billion to $2 billion | 0.77% |
Schwab | Schwab | |||||||||||
% of Average | Financial | Health Care | ||||||||||
Daily Net Assets | Services Fund | Fund | ||||||||||
First $500 million | 0.54% | 0.54% | ||||||||||
$500 million to $1 billion | 0.515% | 0.515% | ||||||||||
Over $1 billion | 0.49% | 0.49% |
Transfer Agent Fees | Shareholder Service Fees | |||||||
Investor Shares | 0.05% | 0.20% | ||||||
Select Shares*** | 0.05% | 0.05% | ||||||
Institutional Shares**** | 0.05% | 0.05% |
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
% of Average | Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | ||||||||||||||||||
Daily Net Assets | Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund* | ||||||||||||||||||
Current rate | 1.02% | 0.75% | 0.89% | 0.99% | 1.12% | 1.33% | ** | |||||||||||||||||
Prior to May 5, 2009, the expense limitation was: | ||||||||||||||||||||||||
Investor Shares | 1.30% | n/a | 1.10% | 1.20% | 1.30% | 1.49% | ** | |||||||||||||||||
Select Shares*** | 1.15% | n/a | 0.95% | 0.99% | 1.12% | 1.33% | ** | |||||||||||||||||
Institutional Shares**** | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||
(All dollar amounts are x 1,000)
Effective May 5, 2009, the expense limitation is: |
Schwab | ||||||||||||||||||||||||
% of Average | International Core | |||||||||||||||||||||||
Daily Net Assets | Equity Fund | |||||||||||||||||||||||
Current rate | 0.86% | |||||||||||||||||||||||
Prior to May 5, 2009, the expense limitation was: | ||||||||||||||||||||||||
Investor Shares | 1.10% | |||||||||||||||||||||||
Select Shares*** | 0.95% | |||||||||||||||||||||||
Institutional Shares**** | 0.86% |
Schwab | Schwab | |||||||||||
% of Average | Financial | Health Care | ||||||||||
Daily Net Assets | Services Fund | Fund | ||||||||||
Current rate | 0.94% | 0.82% | ||||||||||
Prior to July 1, 2009, the expense limitation was: | ||||||||||||
Prior rate | 1.10% | 1.10% |
* | Prior to February 28, 2009, the expense limitation was 2.00% for Investor Shares and 1.77% for Select Shares. | |
** | Excludes dividend and interest paid on securities sold short. | |
*** | Select Shares were only offered by Schwab Premier Equity Fund, Schwab Dividend Equity Fund, Schwab Large-Cap Growth Fund, Schwab Small-Cap Equity Fund, Schwab Hedged Equity Fund and Schwab International Core Equity Fund. | |
**** | Institutional Shares were only offered by Schwab International Core Equity Fund. |
Schwab | Schwab | Schwab | ||||||||||||||
Core | Dividend | Small-Cap | ||||||||||||||
Equity Fund | Equity Fund | Equity Fund | ||||||||||||||
Schwab Target Funds: | ||||||||||||||||
Target 2010 | 0.4 | % | 0.1 | % | 1.1 | % | ||||||||||
Target 2015 | 0.1 | % | — | %* | 0.4 | % | ||||||||||
Target 2020 | 1.5 | % | 0.5 | % | 4.5 | % | ||||||||||
Target 2025 | 0.2 | % | 0.1 | % | 0.8 | % | ||||||||||
Target 2030 | 1.9 | % | 0.6 | % | 7.2 | % | ||||||||||
Target 2035 | 0.2 | % | 0.1 | % | 0.8 | % | ||||||||||
Target 2040 | 1.7 | % | 0.6 | % | 6.2 | % | ||||||||||
Schwab Balanced Fund | 2.2 | % | — | — |
* | Less than 0.05% |
(All dollar amounts are x 1,000)
Schwab Premier Equity Fund | $— | |||
Schwab Core Equity Fund | — | |||
Schwab Dividend Equity Fund | — | |||
Schwab Large-Cap Growth Fund | 2,199 | |||
Schwab Small-Cap Equity Fund | — | |||
Schwab Hedged Equity Fund | — | |||
Schwab Financial Services Fund | — | |||
Schwab Health Care Fund | — | |||
Schwab International Core Equity Fund | 3,964 |
Purchases of Securities | Sales/Maturities of Securities | |||||||
Schwab Premier Equity Fund | $511,368 | $848,297 | ||||||
Schwab Core Equity Fund | 732,213 | ** | 576,811 | |||||
Schwab Dividend Equity Fund | 470,299 | 452,094 | ||||||
Schwab Large-Cap Growth Fund | 242,709 | 318,350 | ||||||
Schwab Small-Cap Equity Fund | 155,007 | 182,475 | ||||||
Schwab Hedged Equity Fund* | 610,851 | 592,121 | ||||||
Schwab Financial Services Fund | 30,568 | 44,691 | ||||||
Schwab Health Care Fund | 165,166 | 286,761 | ||||||
Schwab International Core Equity Fund | 29,592 | 31,933 |
* | Included securities sold short. | |
** | Purchase of securities excludes the impact of investment activity resulting from a merger with another fund. (See financial note 11) |
Current Period | Prior Period | |||||||
(11/01/08-10/31/09) | (11/01/07-10/31/08) | |||||||
Schwab Premier Equity Fund | $3 | $9 | ||||||
Schwab Core Equity Fund | 74 | 57 | ||||||
Schwab Dividend Equity Fund | 35 | 45 | ||||||
Schwab Large-Cap Growth Fund | 15 | 16 | ||||||
Schwab Small-Cap Equity Fund | 2 | 3 | ||||||
Schwab Hedged Equity Fund | 62 | 24 | ||||||
Schwab Financial Services Fund | 18 | 38 | ||||||
Schwab Health Care Fund | 19 | 49 | ||||||
Schwab International Core Equity Fund | 1 | 23 | * |
* | For the period 5/30/08 through 10/31/08 |
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | |||||||||||||||||||
Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund | |||||||||||||||||||
Undistributed Ordinary income | $1,644 | $13,493 | $1,068 | $1,760 | $— | $— | ||||||||||||||||||
Unrealized appreciation | 45,688 | 178,982 | 145,757 | 39,141 | 24,419 | 44,153 | ||||||||||||||||||
Unrealized depreciation | (20,363 | ) | (161,818 | ) | (129,757 | ) | (20,254 | ) | (22,786 | ) | (21,750 | ) | ||||||||||||
Other unrealized appreciation/depreciation | — | — | — | — | — | (6,656 | ) | |||||||||||||||||
Net unrealized appreciation/(depreciation) | 25,325 | 17,164 | 16,000 | 18,887 | 1,633 | 15,747 | ||||||||||||||||||
Schwab | Schwab | Schwab | ||||||||||||||||||||||
Financial | Health Care | International Core | ||||||||||||||||||||||
Services Fund | Fund | Equity Fund | ||||||||||||||||||||||
Undistributed Ordinary income | $280 | $4,107 | $801 | |||||||||||||||||||||
Unrealized appreciation | 5,195 | 38,145 | 4,260 | |||||||||||||||||||||
Unrealized depreciation | (10,027 | ) | (40,129 | ) | (3,038 | ) | ||||||||||||||||||
Other unrealized appreciation/depreciation | — | 7 | 3 | |||||||||||||||||||||
Net unrealized appreciation/(depreciation) | (4,832 | ) | (1,977 | ) | 1,225 | |||||||||||||||||||
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | |||||||||||||||||||
Expiration Date | Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund | ||||||||||||||||||
October 31, 2010 | $— | $604 | $— | $— | $— | $— | ||||||||||||||||||
October 31, 2011 | — | — | — | — | — | — | ||||||||||||||||||
October 31, 2012 | — | — | — | — | — | — | ||||||||||||||||||
October 31, 2013 | — | — | — | 158 | — | — | ||||||||||||||||||
October 31, 2014 | — | — | — | 2,673 | — | 12,200 | ||||||||||||||||||
October 31, 2015 | — | 4,320 | — | 2,012 | — | 22,794 | ||||||||||||||||||
October 31, 2016 | 58,080 | 99,354 | 43,871 | 53,983 | 47,891 | — | ||||||||||||||||||
October 31, 2017 | 166,518 | 241,513 | 204,731 | 58,254 | 64,171 | 18,641 | ||||||||||||||||||
Total | $224,598 | $345,791 | $248,602 | $117,080 | $112,062 | $53,635 | ||||||||||||||||||
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | ||||||||||||||||||||||
Financial | Health Care | International Core | ||||||||||||||||||||||
Expiration Date | Services Fund | Fund | Equity Fund | |||||||||||||||||||||
Schwab | Schwab | Schwab | ||||||||||||||||||||||
Financial | Health Care | International Core | ||||||||||||||||||||||
Expiration Date | Services Fund | Fund | Equity Fund | |||||||||||||||||||||
October 31, 2014 | $— | $— | $— | |||||||||||||||||||||
October 31, 2015 | — | — | — | |||||||||||||||||||||
October 31, 2016 | 8,786 | 8,168 | 7,120 | |||||||||||||||||||||
October 31, 2017 | 28,674 | 39,972 | 14,096 | |||||||||||||||||||||
Total | $37,460 | $48,140 | $21,216 | |||||||||||||||||||||
Schwab | ||||
Core | ||||
Equity Fund | ||||
Capital losses expired | $3,736 |
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | |||||||||||||||||||
Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund | |||||||||||||||||||
Current period distributions | ||||||||||||||||||||||||
Ordinary income | $4,372 | $23,930 | $28,640 | $1,996 | $36 | $324 | ||||||||||||||||||
Long-term capital gains | — | — | — | — | — | — | ||||||||||||||||||
Prior period distributions | ||||||||||||||||||||||||
Ordinary income | $4,601 | $18,273 | $39,286 | $2,312 | $— | $9,827 | ||||||||||||||||||
Long-term capital gains | 98,352 | 4,680 | 7,001 | — | 33,590 | — |
Schwab | Schwab | Schwab | ||||||||||||||
Financial | Health Care | International Core | ||||||||||||||
Services Fund | Fund | Equity Fund | ||||||||||||||
Current period distributions | ||||||||||||||||
Ordinary income | $1,346 | $3,760 | $460 | |||||||||||||
Long-term capital gains | — | — | — | |||||||||||||
Prior period distributions | ||||||||||||||||
Ordinary income | $1,183 | $2,384 | $— | |||||||||||||
Long-term capital gains | 139 | 4,852 | — |
(All dollar amounts are x 1,000)
Schwab | Schwab | Schwab | Schwab | Schwab | Schwab | |||||||||||||||||||
Premier | Core | Dividend | Large-Cap | Small-Cap | Hedged | |||||||||||||||||||
Equity Fund | Equity Fund | Equity Fund | Growth Fund | Equity Fund | Equity Fund | |||||||||||||||||||
Capital Shares | $— | $18,997 | $— | ($1 | ) | ($314 | ) | ($1,867 | ) | |||||||||||||||
Undistributed net investment income | — | (216 | ) | (765 | ) | (6 | ) | 310 | 1,879 | |||||||||||||||
Net realized capital gains and losses | — | (18,781 | ) | 765 | 7 | 4 | (12 | ) | ||||||||||||||||
Schwab | Schwab | Schwab | ||||||||||||||||||||||
Financial | Health Care | International Core | ||||||||||||||||||||||
Services Fund | Fund | Equity Fund | ||||||||||||||||||||||
Capital Shares | $— | ($3 | ) | $— | ||||||||||||||||||||
Undistributed net investment income | 42 | 279 | 27 | |||||||||||||||||||||
Net realized capital gains and losses | (42 | ) | (276 | ) | (27 | ) |
(All dollar amounts are x 1,000, except Net Asset Value)
Before Reorganization | After Reorganization | |||||||||||
Schwab | Laudus | Schwab | ||||||||||
Core | U.S. | Core | ||||||||||
Equity Fund | MarketMasters Fund | Equity Fund | ||||||||||
Shares: | ||||||||||||
Investor Shares | 109,541 | 7,237 | 115,205 | |||||||||
Select Shares | — | 570 | — | |||||||||
Net Assets: | ||||||||||||
Investor Shares | $1,340,412 | $64,250 | $1,409,724 | |||||||||
Select Shares | — | $5,062 | — | |||||||||
Net Asset Value: | ||||||||||||
Investor Shares | $12.24 | $8.88 | $12.24 | |||||||||
Select Shares | — | $8.88 | — | |||||||||
Net unrealized appreciation/(depreciation) | ($266,480 | ) | ($6,518 | ) | ($272,998 | ) |
Percentage | ||||
Schwab Premier Equity Fund | 100 | |||
Schwab Core Equity Fund | 100 | |||
Schwab Dividend Equity Fund | 100 | |||
Schwab Large-Cap Growth Fund | 100 | |||
Schwab Small-Cap Equity Fund | — | |||
Schwab Hedged Equity Fund | — | |||
Schwab Financial Services Fund | 100 | |||
Schwab Health Care Fund | 100 | |||
Schwab International Core Equity Fund | — |
Schwab Premier Equity Fund | $4,373 | |||
Schwab Core Equity Fund | 23,930 | |||
Schwab Dividend Equity Fund | 28,640 | |||
Schwab Large-Cap Growth Fund | 1,996 | |||
Schwab Small-Cap Equity Fund | — | |||
Schwab Hedged Equity Fund | — | |||
Schwab Financial Services Fund | 1,347 | |||
Schwab Health Care Fund | 3,760 | |||
Schwab International Core Equity Fund | 548 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreement reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
IS AS OF DECEMBER 4, 2009.
Fund | Management Fee | |||
Schwab S&P 500 Index Fund | 0.06 | % | ||
Schwab 1000® Index Fund | 0.22 | % | ||
Schwab Small-Cap Index Fund | 0.15 | % | ||
Schwab Total Stock Market Index Fund | 0.06 | % | ||
Schwab International Index Fund | 0.15 | % |
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
8 | ||
10 | ||
12 | ||
14 | ||
16 | ||
17 | ||
52 | ||
66 | ||
68 | ||
70 | ||
73 |
Total Return for the Report Period | ||
Schwab S&P 500 Index Fund (Ticker Symbol: SWPPX)2 | 9.81% | |
Benchmark: S&P 500® Index | 9.80% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 6-7 | |
Schwab 1000 Index® Fund (Ticker Symbol: SNXFX)3 | 10.72% | |
Benchmark: Schwab 1000 Index® | 10.89% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 8-9 | |
Schwab Small-Cap Index Fund® (Ticker Symbol: SWSSX)4 | 11.98% | |
Benchmark: Schwab Small-Cap Index® | 12.46% | |
Fund Category: Morningstar Small-Cap Blend | 11.42% | |
Performance Details | pages 10-11 | |
Schwab Total Stock Market Index Fund® (Ticker Symbol: SWTSX)5 | 10.92% | |
Benchmark: Dow Jones U.S. Total Stock Market IndexSM,1 | 10.79% | |
Fund Category: Morningstar Large-Cap Blend | 11.75% | |
Performance Details | pages 12-13 | |
Schwab International Index Fund® (Ticker Symbol: SWISX)4,6 | 22.55% | |
Benchmark: Schwab International Index® | 25.93% | |
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | |
Performance Details | pages 14-15 | |
Minimum Initial Investment7 | $ 100 | |
1 | Previously, this index was called Dow Jones Wilshire 5000 Composite Index. |
2 | On September 9, 2009, the Investor Share class, Select Share class and e.Shares class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. On September 9, 2009, the Schwab Institutional Select S&P 500 Fund merged into the fund. |
3 | On September 18, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Investor Shares. Accordingly, the past performance shown is that of the fund’s former Investor Shares. |
4 | On August 21, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
5 | On September 18, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
6 | The fund’s performance relative to the index may be affected by fair-value pricing, see financial note 2 for more information. |
7 | Please see prospectus for further details and eligibility requirements. |
9.80% | S&P 500® Index: measures U.S. large-cap stocks |
6.46% | Russell 2000® Index: measures U.S. small-cap stocks |
28.41% | MSCI EAFE® Index: measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East |
13.79% | Barclays Capital U.S. Aggregate Bond Index: measures the U.S. bond market |
0.21% | Three-Month U.S. Treasury Bills (T-bills): measures short-term U.S. Treasury obligations |
Jeffrey Mortimer, CFA, Chief Investment Officer, Charles Schwab Investment Management, Inc., is responsible for the overall management of each of the funds. Prior to joining the firm in October 1997, he worked for more than 8 years in asset management. | ||
Larry Mano, a managing director and portfolio manager of the investment adviser, is responsible for the day-to-day management of the Schwab Total Stock Market Index Fund, and the Schwab International Index Fund, and co-management of each of the remaining funds. Prior to joining the firm in November 1998, he worked for 20 years in equity management. | ||
Ron Toll, a portfolio manager of the investment adviser, is responsible for the day-to-day co-management of each of the funds, except the Schwab Total Stock Market Index Fund and the Schwab International Index Fund. He joined the firm in 1998, became Manager, Portfolio Operations in 2000, Manager, Portfolio Operations and Analytics in 2005 and was named to his current position in 2007. |
Number of Holdings | 503 |
Cap ($ x 1,000,000) | $77,884 |
Price/Earnings Ratio (P/E) | 110.5 |
Price/Book Ratio (P/B) | 2.1 |
Portfolio Turnover Rate3 | 3% |
Information Technology | 18.9% |
Financials | 14.4% |
Health Care | 12.5% |
Energy | 12.3% |
Consumer Staples | 11.8% |
Industrials | 10.0% |
Consumer Discretionary | 9.1% |
Utilities | 3.6% |
Materials | 3.4% |
Telecommunication Services | 3.0% |
Other | 1.0% |
Total | 100.0% |
Exxon Mobil Corp. | 3.7% |
Microsoft Corp. | 2.3% |
The Procter & Gamble Co. | 1.8% |
Apple, Inc. | 1.8% |
Johnson & Johnson | 1.8% |
JPMorgan Chase & Co. | 1.8% |
Corp. | 1.7% |
Chevron Corp. | 1.6% |
General Electric Co. | 1.6% |
AT&T, Inc. | 1.6% |
Total | 19.7% |
1 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
2 | This list is not a recommendation of any security by the investment adviser. |
3 | Portfolio turnover excludes the impact of investment activity resulting from a merger with another fund (see financial note 11). |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab S&P 500 Index Fund (5/19/97) | 9.81% | 0.34% | -1.01% | |||||||||
Benchmark: S&P 500® Index | 9.80% | 0.33% | -0.95% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% |
1 Year | 5 Years | 10 Years | ||||||||||
Fund: Schwab S&P 500 Index Fund (5/19/97) | ||||||||||||
Pre-Liquidation (still own shares) | 9.32% | -0.02% | -1.43% | |||||||||
Post-Liquidation (shares were sold) | 6.89% | 0.25% | -1.02% | |||||||||
Fund Category: Morningstar Large-Cap Blend | ||||||||||||
Pre-Liquidation (still own shares) | 9.31% | -0.65% | -1.05% | |||||||||
Post-Liquidation (shares were sold) | 6.77% | -0.01% | -0.41% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. |
2 | The pre-tax total return and the graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. After-tax returns are calculated using the highest historical individual federal marginal income tax rates in effect as of 10/31/09 and do not reflect the impact of state and local taxes or the alternative minimum tax. Actual returns depend on an investor’s situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. Pre-liquidation after-tax returns reflect the tax effects of purchases and sales of securities within the fund portfolios and assume investors continue to hold fund shares at the end of the measurement periods. Post-liquidation figures assume investors sold fund shares at the end of the measurement periods and reflect both the effects of taxable distributions and any taxable gains or losses realized upon the sale of shares. Source for category information: Morningstar, Inc. Some funds in this category may not use tax-efficient strategies, including this fund. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On September 9, 2009, the Investor Share class, Select Share class and e.Shares class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. On September 9, 2009, the Schwab Institutional Select S&P 500 Fund merged into the fund. |
Number of Holdings | 989 |
Cap ($ x 1,000,000) | $69,774 |
Price/Earnings Ratio (P/E) | 71.4 |
Price/Book Ratio (P/B) | 2.1 |
Portfolio Turnover Rate | 4% |
Information Technology | 18.5% |
Financials | 15.2% |
Energy | 12.4% |
Health Care | 12.3% |
Consumer Staples | 10.8% |
Industrials | 10.5% |
Consumer Discretionary | 9.4% |
Utilities | 3.9% |
Materials | 3.7% |
Telecommunication Services | 2.9% |
Other | 0.4% |
Total | 100.0% |
Exxon Mobil Corp. | 3.3% |
Microsoft Corp. | 2.0% |
Apple, Inc. | 1.6% |
The Procter & Gamble Co. | 1.6% |
Johnson & Johnson | 1.6% |
JPMorgan Chase & Co. | 1.6% |
Corp. | 1.5% |
Chevron Corp. | 1.5% |
AT&T, Inc. | 1.5% |
General Electric Co. | 1.4% |
Total | 17.6% |
1 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
2 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab 1000 Index® Fund (4/2/91) | 10.72% | 0.59% | -0.56% | |||||||||
Benchmark: Schwab 1000 Index® | 10.89% | 0.82% | -0.30% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% |
1 Year | 5 Years | 10 Years | ||||||||||
Fund: Schwab 1000 Index® Fund (4/2/91) | ||||||||||||
Pre-Liquidation (still own shares) | 10.32% | 0.30% | -0.88% | |||||||||
Post-Liquidation (shares were sold) | 7.37% | 0.47% | -0.60% | |||||||||
Fund Category: Morningstar Large-Cap Blend | ||||||||||||
Pre-Liquidation (still own shares) | 9.31% | -0.65% | -1.05% | |||||||||
Post-Liquidation (shares were sold) | 6.77% | -0.01% | -0.41% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. |
2 | The pre-tax total return and the graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. After-tax returns are calculated using the highest historical individual federal marginal income tax rates in effect as of 10/31/09 and do not reflect the impact of state and local taxes or the alternative minimum tax. Actual returns depend on an investor’s situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. Pre-liquidation after-tax returns reflect the tax effects of purchases and sales of securities within the fund portfolios and assume investors continue to hold fund shares at the end of the measurement periods. Post-liquidation figures assume investors sold fund shares at the end of the measurement periods and reflect both the effects of taxable distributions and any taxable gains or losses realized upon the sale of shares. Source for category information: Morningstar, Inc. Some funds in this category may not use tax-efficient strategies, including this fund. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On September 18, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Investor Shares. Accordingly, the past performance shown is that of the fund’s former Investor Shares. |
Number of Holdings | 982 |
Cap ($ x 1,000,000) | $1,057 |
Price/Earnings Ratio (P/E) | -7.2 |
Price/Book Ratio (P/B) | 2.3 |
Portfolio Turnover Rate | 26% |
Financials | 19.7% |
Information Technology | 17.6% |
Consumer Discretionary | 15.3% |
Industrials | 15.2% |
Health Care | 11.6% |
Energy | 7.7% |
Materials | 4.7% |
Consumer Staples | 3.6% |
Utilities | 2.9% |
Telecommunication Services | 1.0% |
Other | 0.7% |
Total | 100.0% |
Dendreon Corp. | 0.4% |
Oshkosh Corp. | 0.4% |
Ashland, Inc. | 0.4% |
Bally Technologies, Inc. | 0.3% |
Tenet Healthcare Corp. | 0.3% |
Jarden Corp. | 0.3% |
J. Crew Group, Inc. | 0.3% |
Phillips-Van Heusen Corp. | 0.3% |
Class A | 0.3% |
WMS Industries, Inc. | 0.3% |
Total | 3.3% |
1 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
2 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab Small-Cap Index Fund® (5/19/97) | 11.98% | 1.66% | 4.19% | |||||||||
Benchmark: Schwab Small-Cap Index® | 12.46% | 1.79% | 4.27% | |||||||||
Fund Category: Morningstar Small-Cap Blend | 11.42% | 0.44% | 6.18% |
1 Year | 5 Years | 10 Years | ||||||||||
Fund: Schwab Small-Cap Index Fund® (5/19/97) | ||||||||||||
Pre-Liquidation (still own shares) | 11.24% | 0.35% | 2.95% | |||||||||
Post-Liquidation (shares were sold) | 7.84% | 1.33% | 3.26% | |||||||||
Fund Category: Morningstar Small-Cap Blend | ||||||||||||
Pre-Liquidation (still own shares) | 9.41% | -1.21% | 4.66% | |||||||||
Post-Liquidation (shares were sold) | 6.88% | 0.10% | 5.03% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. |
2 | The pre-tax total return and the graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. After-tax returns are calculated using the highest historical individual federal marginal income tax rates in effect as of 10/31/09 and do not reflect the impact of state and local taxes or the alternative minimum tax. Actual returns depend on an investor’s situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. Pre-liquidation after-tax returns reflect the tax effects of purchases and sales of securities within the fund portfolios and assume investors continue to hold fund shares at the end of the measurement periods. Post-liquidation figures assume investors sold fund shares at the end of the measurement periods and reflect both the effects of taxable distributions and any taxable gains or losses realized upon the sale of shares. Source for category information: Morningstar, Inc. Some funds in this category may not use tax-efficient strategies, including this fund. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On August 21, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Number of Holdings | 2,308 |
Cap ($ x 1,000,000) | $65,384 |
Price/Earnings Ratio (P/E) | 185.7 |
Price/Book Ratio (P/B) | 2.1 |
Portfolio Turnover Rate | 5% |
Information Technology | 18.5% |
Financials | 16.2% |
Health Care | 12.3% |
Energy | 11.7% |
Consumer Staples | 10.4% |
Consumer Discretionary | 10.4% |
Industrials | 10.2% |
Materials | 3.8% |
Utilities | 3.7% |
Telecommunication Services | 2.8% |
Total | 100.0% |
Exxon Mobil Corp. | 3.1% |
Microsoft Corp. | 2.0% |
The Procter & Gamble Co. | 1.5% |
Apple, Inc. | 1.5% |
Johnson & Johnson | 1.4% |
JPMorgan Chase & Co. | 1.4% |
Corp. | 1.4% |
Chevron Corp. | 1.4% |
General Electric Co. | 1.3% |
AT&T, Inc. | 1.3% |
Total | 16.3% |
1 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
2 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab Total Stock Market Index Fund® (6/1/99) | 10.92% | 0.98% | 0.06% | |||||||||
Benchmark: Dow Jones U.S. Total Stock Market IndexSM | 10.79% | 0.94% | -0.01% | |||||||||
Fund Category: Morningstar Large-Cap Blend | 11.75% | 0.45% | -0.10% |
1 Year | 5 Years | 10 Years | ||||||||||
Fund: Schwab Total Stock Market Index Fund® (6/1/99) | ||||||||||||
Pre-Liquidation (still own shares) | 10.53% | 0.64% | -0.29% | |||||||||
Post-Liquidation (shares were sold) | 7.49% | 0.75% | -0.11% | |||||||||
Fund Category: Morningstar Large-Cap Blend | ||||||||||||
Pre-Liquidation (still own shares) | 9.31% | -0.65% | -1.05% | |||||||||
Post-Liquidation (shares were sold) | 6.77% | -0.01% | -0.41% |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. |
2 | The pre-tax total return and the graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. After-tax returns are calculated using the highest historical individual federal marginal income tax rates in effect as of 10/31/09 and do not reflect the impact of state and local taxes or the alternative minimum tax. Actual returns depend on an investor’s situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. Pre-liquidation after-tax returns reflect the tax effects of purchases and sales of securities within the fund portfolios and assume investors continue to hold fund shares at the end of the measurement periods. Post-liquidation figures assume investors sold fund shares at the end of the measurement periods and reflect both the effects of taxable distributions and any taxable gains or losses realized upon the sale of shares. Source for category information: Morningstar, Inc. Some funds in this category may not use tax-efficient strategies, including this fund. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On September 18, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
United Kingdom | 20.5% |
Japan | 14.6% |
France | 11.2% |
Canada | 8.5% |
Switzerland | 8.3% |
Germany | 8.3% |
Australia | 7.2% |
Spain | 5.0% |
Italy | 3.9% |
Netherlands | 2.6% |
Other Countries | 9.9% |
Total | 100.0% |
Number of Holdings | 355 |
Cap ($ x 1,000,000) | $60,632 |
Price/Earnings Ratio (P/E) | 22.9 |
Price/Book Ratio (P/B) | 1.5 |
Portfolio Turnover Rate | 21% |
Financials | 28.5% |
Energy | 11.7% |
Consumer Staples | 10.0% |
Materials | 8.6% |
Health Care | 8.6% |
Industrials | 8.0% |
Consumer Discretionary | 7.3% |
Telecommunication Services | 6.4% |
Utilities | 5.9% |
Information Technology | 4.2% |
Other | 0.8% |
Total | 100.0% |
HSBC Holdings plc | 2.3% |
BP plc | 2.1% |
Nestle S.A. - Reg’d | 2.0% |
Total S.A. | 1.7% |
Novartis AG - Reg’d | 1.6% |
Banco Santander S.A. | 1.5% |
Vodafone Group plc | 1.4% |
Telefonica S.A. | 1.4% |
Roche Holding AG | 1.3% |
BHP Billiton Ltd. | 1.3% |
Total | 16.6% |
1 | Source: Morningstar, Inc. This style assessment is the result of evaluating the fund based on a ten-factor model for value and growth characteristics. The fund’s market capitalization placement is determined by the geometric mean of its holdings’ market capitalizations. The assessment reflects the fund’s portfolio as of 10/31/09, which may have changed since then, and is not a precise indication of risk or performance—past, present, or future. |
2 | This list is not a recommendation of any security by the investment adviser. |
Performance of a Hypothetical
$10,000 Investment1,4
Fund and Inception Date | 1 Year | 5 Years | 10 Years | |||||||||
Fund: Schwab International Index Fund® (5/19/97) | 22.55% | 4.83% | 1.25% | |||||||||
Benchmark: Schwab International Index® | 25.93% | 5.34% | 1.72% | |||||||||
Fund Category: Morningstar Foreign Large-Cap Blend | 24.99% | 4.59% | 1.86% |
1 Year | 5 Years | 10 Years | ||||||||||
Fund: Schwab International Index Fund® (5/19/97) | ||||||||||||
Pre-Liquidation (still own shares) | 22.13% | 4.34% | 0.71% | |||||||||
Post-Liquidation (shares were sold) | 15.89% | 4.07% | 0.84% | |||||||||
Fund Category: Morningstar Foreign Large-Cap Blend | ||||||||||||
Pre-Liquidation (still own shares) | 21.54% | 3.08% | 0.71% | |||||||||
Post-Liquidation (shares were sold) | 15.15% | 3.39% | 1.15% |
* | The Morgan Stanley Capital International Europe, Australasia, Far East Index (Net) (MSCI EAFE Index®) is a free float-adjusted market capitalization index that is designed to measure market equity performance in 22 developed market countries, excluding the U.S. and Canada. Investors cannot invest directly in any index and index figures do not include trading and management costs. |
1 | Fund expenses may have been partially absorbed by CSIM and Schwab. Without these reductions, the fund’s returns would have been lower. |
2 | The pre-tax total return and the graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. After-tax returns are calculated using the highest historical individual federal marginal income tax rates in effect as of 10/31/09 and do not reflect the impact of state and local taxes or the alternative minimum tax. Actual returns depend on an investor’s situation and may differ from those shown. After-tax returns may not be relevant to investors who hold their fund shares through tax-deferred arrangements. Pre-liquidation after-tax returns reflect the tax effects of purchases and sales of securities within the fund portfolios and assume investors continue to hold fund shares at the end of the measurement periods. Post-liquidation figures assume investors sold fund shares at the end of the measurement periods and reflect both the effects of taxable distributions and any taxable gains or losses realized upon the sale of shares. Source for category information: Morningstar, Inc. Some funds in this category may not use tax-efficient strategies, including this fund. |
3 | As stated in the prospectus. Net Expense: Expenses reduced by a contractual fee waiver in effect for so long as CSIM serves as adviser to the fund. Gross Expense: Does not reflect the effect of contractual fee waivers. For actual ratios during the period, refer to the financial highlights section of the financial statements. |
4 | On August 21, 2009, the Investor Share class and Select Share class were combined into a single class of shares of the fund. The performance and financial history of the fund are that of the fund’s former Select Shares. Accordingly, the past performance shown is that of the fund’s former Select Shares. |
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 5/1/09 | at 10/31/09 | 5/1/09–10/31/09 | |||||||||||||
Schwab S&P 500 Index Fund* | ||||||||||||||||
Actual Return | 0.09% | $ | 1,000 | $ | 1,198.80 | $ | 0.50 | |||||||||
Hypothetical 5% Return | 0.09% | $ | 1,000 | $ | 1,024.75 | $ | 0.46 | |||||||||
Schwab 1000 Index® Fund* | ||||||||||||||||
Actual Return | 0.29% | $ | 1,000 | $ | 1,197.80 | $ | 1.61 | |||||||||
Hypothetical 5% Return | 0.29% | $ | 1,000 | $ | 1,023.74 | $ | 1.48 | |||||||||
Schwab Small-Cap Index Fund®* | ||||||||||||||||
Actual Return | 0.20% | $ | 1,000 | $ | 1,194.00 | $ | 1.11 | |||||||||
Hypothetical 5% Return | 0.20% | $ | 1,000 | $ | 1,024.20 | $ | 1.02 | |||||||||
Schwab Total Stock Market Index Fund®* | ||||||||||||||||
Actual Return | 0.10% | $ | 1,000 | $ | 1,194.30 | $ | 0.55 | |||||||||
Hypothetical 5% Return | 0.10% | $ | 1,000 | $ | 1,024.70 | $ | 0.51 | |||||||||
Schwab International Index Fund®* | ||||||||||||||||
Actual Return | 0.20% | $ | 1,000 | $ | 1,301.80 | $ | 1.16 | |||||||||
Hypothetical 5% Return | 0.20% | $ | 1,000 | $ | 1,024.20 | $ | 1.02 |
* | Effective May 5, 2009, the net operating expense limitation was reduced. See financial note 4 for more information. |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in Financial Highlights. |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | �� | |||||||||||||||||||
Net asset value at beginning of period | 15.28 | 24.28 | 21.56 | 18.88 | 17.68 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.20 | 0.44 | 0.41 | 0.37 | 0.36 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.22 | (9.02 | ) | 2.68 | 2.65 | 1.16 | ||||||||||||||
Total from investment operations | 1.42 | (8.58 | ) | 3.09 | 3.02 | 1.52 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.42 | ) | (0.42 | ) | (0.37 | ) | (0.34 | ) | (0.32 | ) | ||||||||||
Net asset value at end of period | 16.28 | 15.28 | 24.28 | 21.56 | 18.88 | |||||||||||||||
Total return (%) | 9.81 | (35.92 | ) | 14.50 | 16.18 | 8.66 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.13 | 2 | 0.19 | 0.19 | 0.19 | 0.19 | ||||||||||||||
Gross operating expenses | 0.16 | 0.21 | 0.20 | 0.21 | 0.25 | |||||||||||||||
Net investment income (loss) | 2.09 | 2.06 | 1.78 | 1.74 | 1.92 | |||||||||||||||
Portfolio turnover rate | 3 | 3 | 3 | 2 | 3 | 4 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 8,718 | 2,598 | 4,345 | 4,038 | 3,938 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .8% | Common Stock | 8,375,082 | 8,609,029 | ||||||||
1 | .0% | Short-Term Investments | 91,098 | 91,098 | ||||||||
99 | .8% | Total Investments | 8,466,180 | 8,700,127 | ||||||||
0 | .1% | Collateral Invested for Securities on Loan | 9,401 | 9,401 | ||||||||
0 | .1% | Other Assets and Liabilities, Net | 8,058 | |||||||||
100 | .0% | Net Assets | 8,717,586 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 98.8% of net assets | ||||||||||||
Automobiles & Components 0.5% | ||||||||||||
Other Securities | 0.5 | 41,986 | ||||||||||
Banks 2.9% | ||||||||||||
U.S. Bancorp | 1,774,328 | 0.5 | 41,200 | |||||||||
Wells Fargo & Co. | 4,353,209 | 1.4 | 119,800 | |||||||||
Other Securities | 1.0 | 93,702 | ||||||||||
2.9 | 254,702 | |||||||||||
Capital Goods 7.3% | ||||||||||||
3M Co. | 658,619 | 0.6 | 48,455 | |||||||||
General Electric Co. | 10,002,952 | 1.6 | 142,642 | |||||||||
United Technologies Corp. | 895,535 | 0.6 | 55,031 | |||||||||
Other Securities | 4.5 | 392,336 | ||||||||||
7.3 | 638,464 | |||||||||||
Commercial & Professional Supplies 0.6% | ||||||||||||
Other Securities | 0.6 | 55,817 | ||||||||||
Consumer Durables & Apparel 1.0% | ||||||||||||
Other Securities | 1.0 | 86,863 | ||||||||||
Consumer Services 1.6% | ||||||||||||
McDonald’s Corp. | 1,039,838 | 0.7 | 60,945 | |||||||||
Other Securities | 0.9 | 82,279 | ||||||||||
1.6 | 143,224 | |||||||||||
Diversified Financials 7.8% | ||||||||||||
American Express Co. | 1,110,241 | 0.4 | 38,681 | |||||||||
Bank of America Corp. | 8,065,511 | 1.4 | 117,595 | |||||||||
Citigroup, Inc. | 12,183,644 | 0.6 | 49,831 | |||||||||
JPMorgan Chase & Co. | 3,674,431 | 1.8 | 153,481 | |||||||||
Morgan Stanley | 1,306,754 | 0.5 | 41,973 | |||||||||
The Charles Schwab Corp. (b) | 891,781 | 0.2 | 15,463 | |||||||||
The Goldman Sachs Group, Inc. | 483,669 | 0.9 | 82,306 | |||||||||
Other Securities | 2.0 | 183,756 | ||||||||||
7.8 | 683,086 | |||||||||||
Energy 12.2% | ||||||||||||
Chevron Corp. | 1,871,934 | 1.6 | 143,278 | |||||||||
ConocoPhillips | 1,388,390 | 0.8 | 69,669 | |||||||||
Exxon Mobil Corp. | 4,549,998 | 3.7 | 326,098 | |||||||||
Occidental Petroleum Corp. | 759,350 | 0.7 | 57,620 | |||||||||
Schlumberger Ltd. | 1,118,439 | 0.8 | 69,567 | |||||||||
Other Securities | 4.6 | 399,928 | ||||||||||
12.2 | 1,066,160 | |||||||||||
Food & Staples Retailing 2.9% | ||||||||||||
CVS Caremark Corp. | 1,350,651 | 0.5 | 47,678 | |||||||||
Wal-Mart Stores, Inc. | 2,059,002 | 1.2 | 102,291 | |||||||||
Other Securities | 1.2 | 104,462 | ||||||||||
2.9 | 254,431 | |||||||||||
Food, Beverage & Tobacco 6.0% | ||||||||||||
Kraft Foods, Inc., Class A | 1,362,654 | 0.4 | 37,500 | |||||||||
PepsiCo, Inc. | 1,447,939 | 1.0 | 87,673 | |||||||||
Philip Morris International, Inc. | 1,867,646 | 1.0 | 88,452 | |||||||||
The Coca-Cola Co. | 2,188,728 | 1.3 | 116,681 | |||||||||
Other Securities | 2.3 | 195,250 | ||||||||||
6.0 | 525,556 | |||||||||||
Health Care Equipment & Services 4.0% | ||||||||||||
Medtronic, Inc. | 1,031,139 | 0.4 | 36,812 | |||||||||
Other Securities | 3.6 | 307,733 | ||||||||||
4.0 | 344,545 | |||||||||||
Household & Personal Products 2.8% | ||||||||||||
Colgate-Palmolive Co. | 464,097 | 0.4 | 36,492 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
The Procter & Gamble Co. | 2,773,990 | 1.8 | 160,891 | |||||||||
Other Securities | 0.6 | 47,733 | ||||||||||
2.8 | 245,116 | |||||||||||
Insurance 2.6% | ||||||||||||
Other Securities | 2.6 | 223,691 | ||||||||||
Materials 3.4% | ||||||||||||
Other Securities | 3.4 | 291,509 | ||||||||||
Media 2.6% | ||||||||||||
Comcast Corp., Class A | 2,670,464 | 0.4 | 38,722 | |||||||||
The Walt Disney Co. | 1,741,483 | 0.6 | 47,664 | |||||||||
Other Securities | 1.6 | 137,868 | ||||||||||
2.6 | 224,254 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.6% | ||||||||||||
Abbott Laboratories | 1,459,286 | 0.9 | 73,796 | |||||||||
Amgen, Inc. * | 973,659 | 0.6 | 52,315 | |||||||||
Bristol-Myers Squibb Co. | 1,879,964 | 0.5 | 40,983 | |||||||||
Gilead Sciences, Inc. * | 858,875 | 0.4 | 36,545 | |||||||||
Johnson & Johnson | 2,613,325 | 1.8 | 154,317 | |||||||||
Merck & Co., Inc. * | 2,017,243 | 0.7 | 62,393 | |||||||||
Pfizer, Inc. | 7,632,933 | 1.5 | 129,989 | |||||||||
Schering-Plough Corp. | 1,544,601 | 0.5 | 43,558 | |||||||||
Other Securities | 1.7 | 152,407 | ||||||||||
8.6 | 746,303 | |||||||||||
Real Estate 1.1% | ||||||||||||
Other Securities | 1.1 | 94,466 | ||||||||||
Retailing 3.4% | ||||||||||||
The Home Depot, Inc. | 1,591,050 | 0.5 | 39,919 | |||||||||
Other Securities | 2.9 | 255,370 | ||||||||||
3.4 | 295,289 | |||||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||||||
Intel Corp. | 5,301,505 | 1.2 | 101,312 | |||||||||
Other Securities | 1.3 | 113,919 | ||||||||||
2.5 | 215,231 | |||||||||||
Software & Services 7.3% | ||||||||||||
Google, Inc., Class A * | 224,058 | 1.4 | 120,122 | |||||||||
Microsoft Corp. | 7,291,231 | 2.3 | 202,186 | |||||||||
Oracle Corp. | 3,629,986 | 0.9 | 76,593 | |||||||||
Other Securities | 2.7 | 237,692 | ||||||||||
7.3 | 636,593 | |||||||||||
Technology Hardware & Equipment 9.1% | ||||||||||||
Apple, Inc. * | 842,540 | 1.8 | 158,819 | |||||||||
Cisco Systems, Inc. * | 5,483,828 | 1.4 | 125,306 | |||||||||
Hewlett-Packard Co. | 2,260,008 | 1.2 | 107,260 | |||||||||
International Business Machines Corp. | 1,247,990 | 1.7 | 150,520 | |||||||||
QUALCOMM, Inc. | 1,563,665 | 0.8 | 64,751 | |||||||||
Other Securities | 2.2 | 184,677 | ||||||||||
9.1 | 791,333 | |||||||||||
Telecommunication Services 3.0% | ||||||||||||
AT&T, Inc. | 5,502,536 | 1.6 | 141,250 | |||||||||
Verizon Communications, Inc. | 2,648,178 | 0.9 | 78,360 | |||||||||
Other Securities | 0.5 | 43,489 | ||||||||||
3.0 | 263,099 | |||||||||||
Transportation 2.0% | ||||||||||||
United Parcel Service, Inc., Class B | 932,518 | 0.6 | 50,058 | |||||||||
Other Securities | 1.4 | 123,095 | ||||||||||
2.0 | 173,153 | |||||||||||
Utilities 3.6% | ||||||||||||
Other Securities | 3.6 | 314,158 | ||||||||||
Total Common Stock (Cost $8,375,082) | 8,609,029 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 1.0% of net assets | ||||||||||||
Commercial Paper & Other Obligation 0.9% | ||||||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||||||
0.03%, 11/02/2009 | 77,146 | 0.9 | 77,146 | |||||||||
U.S. Treasury Obligations 0.1% | ||||||||||||
Other Securities | 0.1 | 13,952 | ||||||||||
Total Short-Term Investments (Cost $91,098) | 91,098 | |||||||||||
End of Investments. | ||||||||||||
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||||||
Invesco Aim Short Term Investments Trust Government & Agency Portfolio | 9,400,870 | 0.1 | 9,401 | |||||||||
Total Collateral Invested for Securities on Loan (Cost $9,401) | 9,401 | |||||||||||
End of Collateral Invested for Securities on Loan |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. Please see complete schedule of holdings. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | All or a portion of this security is on loan. Please see complete schedule of holdings. |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 1,800 | 92,970 | (27 | ) |
Assets | ||||||
Investments, at value including securities on loan of $8,683 (cost $8,466,180) | $8,700,127 | |||||
Collateral invested for securities on loan | 9,401 | |||||
Receivables: | ||||||
Investments sold | 4,297 | |||||
Fund shares sold | 12,184 | |||||
Dividends | 10,700 | |||||
Income from securities on loan | 71 | |||||
Prepaid expenses | + | 107 | ||||
Total assets | 8,736,887 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 9,401 | |||||
Payables: | ||||||
Investments bought | 1,744 | |||||
Investment advisers and administrator fees | 13 | |||||
Shareholder services fees to affiliate | 14 | |||||
Fund shares redeemed | 5,338 | |||||
Due to brokers for futures | 2,574 | |||||
Trustee fees | 2 | |||||
Accrued expenses | + | 215 | ||||
Total liabilities | 19,301 | |||||
Net Assets | ||||||
Total assets | 8,736,887 | |||||
Total liabilities | − | 19,301 | ||||
Net assets | $8,717,586 | |||||
Net Assets by Source | ||||||
Capital received from investors | 9,419,169 | |||||
Net investment income not yet distributed | 95,246 | |||||
Net realized capital losses | (1,030,749 | ) | ||||
Net unrealized capital gains | 233,920 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$8,717,586 | 535,488 | $16.28 |
Investment Income | ||||||
Dividends (including $141 from affiliated issuer and net of foreign withholding tax of $6) | $127,699 | |||||
Interest | 34 | |||||
Securities on loan | + | 1,086 | ||||
Total investment income | 128,819 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (26,361 | ) | ||||
Net realized gains on affiliated issuer | 126 | |||||
Net realized gains on futures contracts | + | 11,848 | ||||
Net realized losses | (14,387 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 391,869 | |||||
Net unrealized losses on affiliated issuer | (725 | ) | ||||
Net unrealized losses on futures contracts | + | (3,372 | ) | |||
Net unrealized gains | 387,772 | |||||
Expenses | ||||||
Investment Advisor and administrator fees | 4,309 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares 1 | 3,684 | |||||
Select Shares | 1,891 | |||||
e.Shares 1 | 99 | |||||
Shareholder reports | 322 | |||||
Registration fees | 226 | |||||
Portfolio accounting fees | 139 | |||||
Custodian fees | 115 | |||||
Professional fees | 70 | |||||
Trustees’ fees | 53 | |||||
Interest expense | 20 | |||||
Other expenses | + | 154 | ||||
Total expenses | 11,082 | |||||
Expense reduction by adviser and Schwab | − | 2,115 | ||||
Net expenses | 8,967 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 128,819 | |||||
Net expenses | − | 8,967 | ||||
Net investment income | 119,852 | |||||
Net realized losses | (14,387 | ) | ||||
Net unrealized gains | + | 387,772 | ||||
Increase in net assets from operations | $493,237 |
1 | Effective September 9, 2009, all outstanding Investor Shares and e.Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $119,852 | 141,674 | ||||||||
Net realized losses | (14,387 | ) | (48,887 | ) | ||||||
Net unrealized gains (losses) | + | 387,772 | (3,050,324 | ) | ||||||
Increase (Decrease) in net assets from operations | 493,237 | (2,957,537 | ) | |||||||
Distributions to Sharesholders 1,2 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 61,219 | 61,410 | ||||||||
Select Shares | 70,329 | 74,254 | ||||||||
e.Shares | + | 4,259 | 4,519 | |||||||
Total distributions from net investment income | $135,807 | $140,183 |
Transactions in Fund Shares 1,2 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 28,533 | $391,744 | 20,489 | $401,669 | ||||||||||||||
Select Shares | 225,656 | 3,587,908 | 23,870 | 470,078 | ||||||||||||||
e.Shares | + | 3,772 | 52,364 | 4,609 | 79,000 | |||||||||||||
Total shares sold | 257,961 | $4,032,016 | 48,968 | $950,747 | ||||||||||||||
Issued in connection with merger | ||||||||||||||||||
Select Shares | 185,530 | $3,008,644 | - | - | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 4,242 | $58,541 | 2,585 | $58,820 | ||||||||||||||
Select Shares | 4,509 | 62,414 | 2,885 | 65,826 | ||||||||||||||
e.Shares | + | 273 | 3,759 | 181 | 4,127 | |||||||||||||
Total shares reinvested | 9,024 | $124,714 | 5,651 | $128,773 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (188,489 | ) | ($2,992,021 | ) | (30,693 | ) | ($612,594 | ) | ||||||||||
Select Shares | (50,255 | ) | (720,389 | ) | (35,683 | ) | (704,340 | ) | ||||||||||
e.Shares | + | (16,280 | ) | (246,410 | ) | (3,896 | ) | (78,278 | ) | |||||||||
Total shares redeemed | (255,024 | ) | ($3,958,820 | ) | (70,272 | ) | ($1,395,212 | ) | ||||||||||
Net transactions in fund shares | 197,491 | $3,206,554 | (15,653 | ) | ($315,692 | ) | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 337,997 | $5,153,602 | 353,650 | $8,567,014 | ||||||||||||||
Total increase or decrease | + | 197,491 | 3,563,984 | (15,653 | ) | (3,413,412 | ) | |||||||||||
End of period | 535,488 | $8,717,586 | 337,997 | $5,153,602 | ||||||||||||||
Net investment income not yet distributed | $95,246 | $110,051 |
1 | Effective September 9, 2009, all outstanding Investor Shares (166,917 shares valued at $2,696,695) and e.Shares (10,428 shares valued $168,447) combined with Select Shares, resulting in a single class of shares of the fund. |
2 | Effective September 9, 2009, all of the assets and liabilities of the Schwab Institutional Select S&P 500 Fund were transferred to the Schwab S&P 500 Index Fund (See financial note 11). |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 28.69 | 45.81 | 40.40 | 35.31 | 32.54 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.54 | 2 | 0.66 | 2 | 0.60 | 2 | 0.50 | 2 | 0.55 | |||||||||||
Net realized and unrealized gains (losses) | 2.41 | (17.13 | ) | 5.33 | 5.05 | 2.70 | ||||||||||||||
Total from investment operations | 2.95 | (16.47 | ) | 5.93 | 5.55 | 3.25 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.64 | ) | (0.62 | ) | (0.52 | ) | (0.46 | ) | (0.48 | ) | ||||||||||
Distributions from net realized gains | — | (0.03 | ) | — | — | — | ||||||||||||||
Total distributions | (0.64 | ) | (0.65 | ) | (0.52 | ) | (0.46 | ) | (0.48 | ) | ||||||||||
Net asset value at end of period | 31.00 | 28.69 | 45.81 | 40.40 | 35.31 | |||||||||||||||
Total return (%) | 10.72 | (36.43 | ) | 14.81 | 15.84 | 10.04 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.38 | 3 | 0.49 | 0.48 | 0.49 | 0.50 | ||||||||||||||
Gross operating expenses | 0.44 | 0.49 | 0.48 | 0.49 | 0.50 | |||||||||||||||
Net investment income (loss) | 1.96 | 1.68 | 1.39 | 1.34 | 1.49 | |||||||||||||||
Portfolio turnover rate | 4 | 4 | 6 | 5 | 6 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 4,279 | 2,260 | 3,974 | 3,918 | 4,166 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .5% | Common Stock | 2,417,667 | 4,257,168 | ||||||||
0 | .4% | Other Investment Company | 14,863 | 14,863 | ||||||||
—% | Short-Term Investments | 2,100 | 2,100 | |||||||||
99 | .9% | Total Investments | 2,434,630 | 4,274,131 | ||||||||
0 | .1% | Collateral Invested for Securities on Loan | 3,064 | 3,064 | ||||||||
0 | .0% | Other Assets and Liabilities, Net | 1,891 | |||||||||
100 | .0% | Net Assets | 4,279,086 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 99.5% of net assets | ||||||||||||
Automobiles & Components 0.5% | ||||||||||||
Other Securities | 0.5 | 21,505 | ||||||||||
Banks 2.8% | ||||||||||||
U.S. Bancorp | 746,805 | 0.4 | 17,341 | |||||||||
Wells Fargo & Co. | 1,901,396 | 1.2 | 52,326 | |||||||||
Other Securities | 1.2 | 49,794 | ||||||||||
2.8 | 119,461 | |||||||||||
Capital Goods 7.7% | ||||||||||||
3M Co. | 285,734 | 0.5 | 21,021 | |||||||||
General Electric Co. | 4,321,322 | 1.4 | 61,622 | |||||||||
United Technologies Corp. | 382,563 | 0.6 | 23,509 | |||||||||
Other Securities | 5.2 | 224,428 | ||||||||||
7.7 | 330,580 | |||||||||||
Commercial & Professional Supplies 0.8% | ||||||||||||
Other Securities | 0.8 | 34,829 | ||||||||||
Consumer Durables & Apparel 1.0% | ||||||||||||
Other Securities | 1.0 | 43,329 | ||||||||||
Consumer Services 1.8% | ||||||||||||
McDonald’s Corp. | 454,736 | 0.6 | 26,652 | |||||||||
Other Securities | 1.2 | 48,102 | ||||||||||
1.8 | 74,754 | |||||||||||
Diversified Financials 7.3% | ||||||||||||
American Express Co. | 503,577 | 0.4 | 17,545 | |||||||||
Bank of America Corp. | 3,491,741 | 1.2 | 50,910 | |||||||||
Citigroup, Inc. | 4,961,662 | 0.5 | 20,293 | |||||||||
JPMorgan Chase & Co. | 1,592,978 | 1.6 | 66,539 | |||||||||
Morgan Stanley | 512,048 | 0.4 | 16,447 | |||||||||
The Charles Schwab Corp. (a) | 403,065 | 0.2 | 6,989 | |||||||||
The Goldman Sachs Group, Inc. | 212,932 | 0.9 | 36,235 | |||||||||
Other Securities | 2.1 | 95,066 | ||||||||||
7.3 | 310,024 | |||||||||||
Energy 12.4% | ||||||||||||
Chevron Corp. | 837,177 | 1.5 | 64,078 | |||||||||
ConocoPhillips | 621,166 | 0.7 | 31,170 | |||||||||
Exxon Mobil Corp. | 1,975,022 | 3.3 | 141,550 | |||||||||
Occidental Petroleum Corp. | 343,316 | 0.6 | 26,051 | |||||||||
Schlumberger Ltd. | 500,306 | 0.7 | 31,119 | |||||||||
Other Securities | 5.6 | 235,795 | ||||||||||
12.4 | 529,763 | |||||||||||
Food & Staples Retailing 2.6% | ||||||||||||
CVS Caremark Corp. | 589,311 | 0.5 | 20,803 | |||||||||
Wal-Mart Stores, Inc. | 891,127 | 1.0 | 44,271 | |||||||||
Other Securities | 1.1 | 46,016 | ||||||||||
2.6 | 111,090 | |||||||||||
Food, Beverage & Tobacco 5.5% | ||||||||||||
Altria Group, Inc. | 876,965 | 0.4 | 15,882 | |||||||||
Kraft Foods, Inc., Class A | 612,564 | 0.4 | 16,858 | |||||||||
PepsiCo, Inc. | 642,087 | 0.9 | 38,878 | |||||||||
Philip Morris International, Inc. | 807,765 | 0.9 | 38,256 | |||||||||
The Coca-Cola Co. | 882,854 | 1.1 | 47,065 | |||||||||
Other Securities | 1.8 | 78,933 | ||||||||||
5.5 | 235,872 | |||||||||||
Health Care Equipment & Services 4.3% | ||||||||||||
Medtronic, Inc. | 460,368 | 0.4 | 16,435 | |||||||||
Other Securities | 3.9 | 166,218 | ||||||||||
4.3 | 182,653 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Household & Personal Products 2.6% | ||||||||||||
The Procter & Gamble Co. | 1,192,919 | 1.6 | 69,189 | |||||||||
Other Securities | 1.0 | 43,348 | ||||||||||
2.6 | 112,537 | |||||||||||
Insurance 3.6% | ||||||||||||
Berkshire Hathaway, Inc., Class A * | 273 | 0.6 | 27,027 | |||||||||
Other Securities | 3.0 | 126,268 | ||||||||||
3.6 | 153,295 | |||||||||||
Materials 3.7% | ||||||||||||
Other Securities | 3.7 | 157,275 | ||||||||||
Media 2.7% | ||||||||||||
Comcast Corp., Class A | 1,186,703 | 0.4 | 17,207 | |||||||||
The Walt Disney Co. | 767,152 | 0.5 | 20,997 | |||||||||
Other Securities | 1.8 | 78,722 | ||||||||||
2.7 | 116,926 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.0% | ||||||||||||
Abbott Laboratories | 628,446 | 0.8 | 31,781 | |||||||||
Amgen, Inc. * | 414,360 | 0.5 | 22,264 | |||||||||
Bristol-Myers Squibb Co. | 815,939 | 0.4 | 17,787 | |||||||||
Gilead Sciences, Inc. * | 374,712 | 0.4 | 15,944 | |||||||||
Johnson & Johnson | 1,131,067 | 1.6 | 66,790 | |||||||||
Merck & Co., Inc. * | 857,385 | 0.6 | 26,519 | |||||||||
Pfizer, Inc. | 3,273,411 | 1.3 | 55,746 | |||||||||
Schering-Plough Corp. | 670,216 | 0.5 | 18,900 | |||||||||
Other Securities | 1.9 | 86,383 | ||||||||||
8.0 | 342,114 | |||||||||||
Real Estate 1.6% | ||||||||||||
Other Securities | 1.6 | 68,645 | ||||||||||
Retailing 3.4% | ||||||||||||
The Home Depot, Inc. | 686,915 | 0.4 | 17,235 | |||||||||
Other Securities | 3.0 | 129,978 | ||||||||||
3.4 | 147,213 | |||||||||||
Semiconductors & Semiconductor Equipment 2.4% | ||||||||||||
Intel Corp. | 2,276,280 | 1.0 | 43,500 | |||||||||
Other Securities | 1.4 | 60,467 | ||||||||||
2.4 | 103,967 | |||||||||||
Software & Services 7.6% | ||||||||||||
Google, Inc., Class A * | 99,121 | 1.3 | 53,141 | |||||||||
Microsoft Corp. | 3,147,138 | 2.1 | 87,270 | |||||||||
Oracle Corp. | 1,568,410 | 0.8 | 33,093 | |||||||||
Other Securities | 3.4 | 152,171 | ||||||||||
7.6 | 325,675 | |||||||||||
Technology Hardware & Equipment 8.4% | ||||||||||||
Apple, Inc. * | 368,714 | 1.6 | 69,503 | |||||||||
Cisco Systems, Inc. * | 2,372,615 | 1.3 | 54,214 | |||||||||
Hewlett-Packard Co. | 985,668 | 1.1 | 46,780 | |||||||||
International Business Machines Corp. | 539,240 | 1.5 | 65,038 | |||||||||
QUALCOMM, Inc. | 679,978 | 0.7 | 28,158 | |||||||||
Other Securities | 2.2 | 96,859 | ||||||||||
8.4 | 360,552 | |||||||||||
Telecommunication Services 2.9% | ||||||||||||
AT&T, Inc. | 2,419,877 | 1.5 | 62,118 | |||||||||
Verizon Communications, Inc. | 1,178,437 | 0.8 | 34,870 | |||||||||
Other Securities | 0.6 | 27,186 | ||||||||||
2.9 | 124,174 | |||||||||||
Transportation 2.0% | ||||||||||||
United Parcel Service, Inc., Class B | 412,375 | 0.5 | 22,136 | |||||||||
Other Securities | 1.5 | 62,115 | ||||||||||
2.0 | 84,251 | |||||||||||
Utilities 3.9% | ||||||||||||
Other Securities | 3.9 | 166,684 | ||||||||||
Total Common Stock (Cost $2,417,667) | 4,257,168 | |||||||||||
Other Investment Company 0.4% of net assets | ||||||||||||
Money Funds 0.4% | ||||||||||||
Other Securities | 0.4 | 14,863 | ||||||||||
Total Other Investment Company (Cost $14,863) | 14,863 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 0.0% of net assets | ||||||||||||
U.S. Treasury Obligations 0.0% | ||||||||||||
Other Securities | 0.0 | 2,100 | ||||||||||
Total Short-Term Investment (Cost $2,100) | 2,100 | |||||||||||
End of Investments. | ||||||||||||
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||||||
State Street Navigator Security Lending Prime Portfolio | 3,064,186 | 0.1 | 3,064 | |||||||||
Total Collateral Invested for Securities on Loan (Cost $3,064) | 3,064 | |||||||||||
End of collateral invested for securities on loan. |
* | Non-income producing security. | |
(a) | Issuer is affiliated with the fund’s adviser. | |
(b) | All or a portion of this security is on loan. Please see complete schedule of holdings. | |
(c) | All or a portion of this security is held as collateral for open futures contracts. Please see complete schedule of holdings. |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 300 | 15,495 | (613 | ) |
Assets | ||||||
Investments, at value including securities on loan of $2,974 (cost $2,434,630) | $4,274,131 | |||||
Collateral invested for securities on loan | 3,064 | |||||
Receivables: | ||||||
Dividends | 5,337 | |||||
Fund shares sold | 1,594 | |||||
Foreign tax reclaims | 54 | |||||
Income from securities on loan | 24 | |||||
Interest | 2 | |||||
Prepaid expenses | + | 69 | ||||
Total assets | 4,284,275 | |||||
Liabilities | ||||||
Collateral invested for securities on loan | $3,064 | |||||
Payables: | ||||||
Investment adviser and administrator fees | 95 | |||||
Shareholder services fees to affiliate | 31 | |||||
Fund shares redeemed | 1,400 | |||||
Due to brokers for futures | 429 | |||||
Trustees’ fees | 2 | |||||
Accrued expenses | + | 168 | ||||
Total liabilities | 5,189 | |||||
Net Assets | ||||||
Total assets | 4,284,275 | |||||
Total liabilities | − | 5,189 | ||||
Net assets | 4,279,086 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,357,374 | |||||
Net investment income not yet distributed | 63,268 | |||||
Net realized capital gains | 19,556 | |||||
Net unrealized capital gains | 1,838,888 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$4,279,086 | 138,039 | $31.00 |
Investment Income | ||||||
Dividends (including $100 from affiliated issuer and net of foreign withholding tax of $23) | $94,941 | |||||
Interest | 28 | |||||
Securities on loan | + | 2,255 | ||||
Total investment income | 97,224 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (2,012 | ) | ||||
Net realized gains on affiliated issuer | 130 | |||||
Net realized gains on futures contracts | + | 1,271 | ||||
Net realized losses | (611 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 301,068 | |||||
Net unrealized loss on affiliated issuer | (1,000 | ) | ||||
Net unrealized losses on futures contracts | + | (1,000 | ) | |||
Net unrealized gains | 299,068 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 8,942 | |||||
Transfer agent and shareholder services fees: | ||||||
Investor Shares | 4,292 | |||||
Select Shares1 | 1,596 | |||||
Shareholder reports | 274 | |||||
Registration fees | 119 | |||||
Portfolio accounting fees | 116 | |||||
Professional fees | 75 | |||||
Custodian fees | 69 | |||||
Trustees’ fees | 61 | |||||
Interest expense | 13 | |||||
Other expenses | + | 72 | ||||
Total expenses | 15,629 | |||||
Expense reduction by adviser and Schwab | − | 1,661 | ||||
Net expenses | 13,968 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 97,224 | |||||
Net expenses | − | 13,968 | ||||
Net investment income | 83,256 | |||||
Net realized losses | (611 | ) | ||||
Net unrealized gains | + | 299,068 | ||||
Increase in net assets from operations | $381,713 |
1 | Effective September 18, 2009, all outstanding Select Shares combined with Investor Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $83,256 | $106,353 | ||||||||
Net realized gains (losses) | (611 | ) | 16,203 | |||||||
Net unrealized gains (losses) | + | 299,068 | (2,658,720 | ) | ||||||
Increase (Decrease) in net assets from operations | 381,713 | (2,536,164 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 50,004 | 52,859 | ||||||||
Select Shares | + | 49,147 | 49,349 | |||||||
Total distributions from net investment income | 99,151 | 102,208 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 2,740 | ||||||||
Select Shares | + | — | 2,293 | |||||||
Total distributions from net realized gains | — | 5,033 | ||||||||
Total distributions | $99,151 | $107,241 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 70,861 | $2,233,681 | 5,772 | $217,822 | ||||||||||||||
Select Shares | + | 9,719 | 249,303 | 10,059 | 373,493 | |||||||||||||
Total shares sold | 80,580 | $2,482,984 | 15,831 | $591,315 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 1,767 | $45,998 | 1,186 | $51,269 | ||||||||||||||
Select Shares | + | 1,524 | 39,629 | 974 | 42,080 | |||||||||||||
Total shares reinvested | 3,291 | $85,627 | 2,160 | $93,349 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (13,339 | ) | ($357,690 | ) | (14,962 | ) | ($569,361 | ) | ||||||||||
Select Shares | + | (81,651 | ) | (2,495,383 | ) | (12,842 | ) | (476,106 | ) | |||||||||
Total shares redeemed | (94,990 | ) | ($2,853,073 | ) | (27,804 | ) | ($1,045,467 | ) | ||||||||||
Net transactions in fund shares | (11,119 | ) | ($284,462 | ) | (9,813 | ) | ($360,803 | ) | ||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 149,158 | $4,280,986 | 158,971 | $7,285,194 | ||||||||||||||
Total decrease | + | (11,119 | ) | (1,900 | ) | (9,813 | ) | (3,004,208 | ) | |||||||||
End of period | 138,039 | $4,279,086 | 149,158 | $4,280,986 | ||||||||||||||
Net investment income not yet distributed | $63,268 | $79,946 |
1 | Effective September 18, 2009, all outstanding Select Shares (64,219 shares valued at $2,052,042) combined with Investor Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 13.85 | 25.35 | 25.97 | 22.36 | 19.96 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.18 | 2 | 0.33 | 2 | 0.35 | 2 | 0.27 | 2 | 0.17 | |||||||||||
Net realized and unrealized gains (losses) | 1.40 | (7.89 | ) | 2.36 | 3.67 | 2.39 | ||||||||||||||
Total from investment operations | 1.58 | (7.56 | ) | 2.71 | 3.94 | 2.56 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.29 | ) | (0.32 | ) | (0.28 | ) | (0.18 | ) | (0.16 | ) | ||||||||||
Distributions from net realized gains | — | (3.62 | ) | (3.05 | ) | (0.15 | ) | — | ||||||||||||
Total distributions | (0.29 | ) | (3.94 | ) | (3.33 | ) | (0.33 | ) | (0.16 | ) | ||||||||||
Net asset value at end of period | 15.14 | 13.85 | 25.35 | 25.97 | 22.36 | |||||||||||||||
Total return (%) | 11.98 | (34.48 | ) | 11.35 | 17.78 | 12.86 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.28 | 3 | 0.42 | 0.42 | 0.42 | 0.41 | ||||||||||||||
Gross operating expenses | 0.33 | 0.42 | 0.42 | 0.42 | 0.43 | |||||||||||||||
Net investment income (loss) | 1.41 | 1.78 | 1.43 | 1.10 | 0.74 | |||||||||||||||
Portfolio turnover rate | 26 | 64 | 31 | 29 | 40 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 1,142 | 628 | 969 | 889 | 795 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .8% | Common Stock | 1,189,556 | 1,128,071 | ||||||||
—% | Rights | — | — | |||||||||
0 | .7% | Short-Term Investments | 8,105 | 8,105 | ||||||||
99 | .5% | Total Investments | 1,197,661 | 1,136,176 | ||||||||
0 | .5% | Other Assets and Liabilities, Net | 5,773 | |||||||||
100 | .0% | Net Assets | 1,141,949 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 98.8% of net assets | ||||||||||||
Automobiles & Components 0.6% | ||||||||||||
Other Securities | 0.6 | 6,949 | ||||||||||
Banks 5.8% | ||||||||||||
Prosperity Bancshares, Inc. | 73,365 | 0.2 | 2,626 | |||||||||
Washington Federal, Inc. | 171,039 | 0.3 | 2,933 | |||||||||
Other Securities | 5.3 | 60,201 | ||||||||||
5.8 | 65,760 | |||||||||||
Capital Goods 9.9% | ||||||||||||
BE Aerospace, Inc. * | 178,000 | 0.3 | 3,156 | |||||||||
EMCOR Group, Inc. * | 117,104 | 0.2 | 2,766 | |||||||||
Gardner Denver, Inc. * | 87,512 | 0.3 | 3,143 | |||||||||
GrafTech International Ltd. * | 214,300 | 0.3 | 2,893 | |||||||||
Nordson Corp. | 61,043 | 0.3 | 3,221 | |||||||||
Oshkosh Corp. | 133,200 | 0.4 | 4,164 | |||||||||
Regal-Beloit Corp. | 56,847 | 0.2 | 2,665 | |||||||||
Other Securities | 7.9 | 91,093 | ||||||||||
9.9 | 113,101 | |||||||||||
Commercial & Professional Supplies 3.4% | ||||||||||||
Other Securities | 3.4 | 39,179 | ||||||||||
Consumer Durables & Apparel 4.1% | ||||||||||||
Jarden Corp. | 138,808 | 0.3 | 3,802 | |||||||||
Phillips-Van Heusen Corp. | 92,100 | 0.3 | 3,698 | |||||||||
The Warnaco Group, Inc. * | 78,463 | 0.3 | 3,180 | |||||||||
Other Securities | 3.2 | 35,769 | ||||||||||
4.1 | 46,449 | |||||||||||
Consumer Services 4.2% | ||||||||||||
Bally Technologies, Inc. * | 98,062 | 0.3 | 3,863 | |||||||||
WMS Industries, Inc. * | 89,551 | 0.3 | 3,580 | |||||||||
Other Securities | 3.6 | 40,611 | ||||||||||
4.2 | 48,054 | |||||||||||
Diversified Financials 3.0% | ||||||||||||
AmeriCredit Corp. * | 175,100 | 0.3 | 3,090 | |||||||||
E*TRADE Financial Corp. * | 2,057,000 | 0.3 | 3,003 | |||||||||
Other Securities | 2.4 | 27,957 | ||||||||||
3.0 | 34,050 | |||||||||||
Energy 7.7% | ||||||||||||
Atlas Energy, Inc. | 127,376 | 0.3 | 3,335 | |||||||||
Dril-Quip, Inc. * | 53,800 | 0.2 | 2,614 | |||||||||
Inergy L.P. | 87,542 | 0.2 | 2,711 | |||||||||
Oil States International, Inc. * | 89,142 | 0.3 | 3,070 | |||||||||
World Fuel Services Corp. | 57,978 | 0.3 | 2,948 | |||||||||
Other Securities | 6.4 | 72,939 | ||||||||||
7.7 | 87,617 | |||||||||||
Food & Staples Retailing 1.0% | ||||||||||||
Casey’s General Stores, Inc. | 90,926 | 0.3 | 2,867 | |||||||||
Other Securities | 0.7 | 8,271 | ||||||||||
1.0 | 11,138 | |||||||||||
Food, Beverage & Tobacco 1.8% | ||||||||||||
Green Mountain Coffee Roasters, Inc. * | 44,700 | 0.2 | 2,975 | |||||||||
Other Securities | 1.6 | 17,687 | ||||||||||
1.8 | 20,662 | |||||||||||
Health Care Equipment & Services 7.0% | ||||||||||||
LifePoint Hospitals, Inc. * | 95,641 | 0.2 | 2,710 | |||||||||
Tenet Healthcare Corp. * | 742,800 | 0.3 | 3,803 | |||||||||
Other Securities | 6.5 | 73,964 | ||||||||||
7.0 | 80,477 | |||||||||||
Household & Personal Products 0.8% | ||||||||||||
Other Securities | 0.8 | 9,041 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Insurance 3.4% | ||||||||||||
Other Securities | 3.4 | 38,745 | ||||||||||
Materials 4.7% | ||||||||||||
Ashland, Inc. | 118,400 | 0.3 | 4,090 | |||||||||
Domtar Corp. * | 65,125 | 0.2 | 2,728 | |||||||||
Rock-Tenn Co., Class A | 68,400 | 0.3 | 2,996 | |||||||||
Other Securities | 3.9 | 43,316 | ||||||||||
4.7 | 53,130 | |||||||||||
Media 1.4% | ||||||||||||
Liberty Media Corp. - Capital, Series A * | 174,700 | 0.3 | 3,615 | |||||||||
Other Securities | 1.1 | 11,959 | ||||||||||
1.4 | 15,574 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.4% | ||||||||||||
Dendreon Corp. * | 183,500 | 0.4 | 4,637 | |||||||||
Varian, Inc. * | 55,971 | 0.3 | 2,866 | |||||||||
Other Securities | 3.7 | 43,277 | ||||||||||
4.4 | 50,780 | |||||||||||
Real Estate 7.5% | ||||||||||||
Chimera Investment Corp. | 884,151 | 0.3 | 3,086 | |||||||||
Corporate Office Properties Trust | 92,349 | 0.3 | 3,065 | |||||||||
HRPT Properties Trust | 407,404 | 0.2 | 2,864 | |||||||||
Jones Lang LaSalle, Inc. | 61,700 | 0.2 | 2,891 | |||||||||
MFA Financial, Inc. | 471,064 | 0.3 | 3,495 | |||||||||
National Retail Properties, Inc. | 150,826 | 0.2 | 2,923 | |||||||||
Other Securities | 6.0 | 67,038 | ||||||||||
7.5 | 85,362 | |||||||||||
Retailing 5.0% | ||||||||||||
Chico’s FAS, Inc. * | 293,200 | 0.3 | 3,504 | |||||||||
J. Crew Group, Inc. * | 92,800 | 0.3 | 3,784 | |||||||||
Office Depot, Inc. * | 491,900 | 0.2 | 2,976 | |||||||||
Signet Jewelers Ltd. | 126,600 | 0.3 | 3,192 | |||||||||
Williams-Sonoma, Inc. | 155,000 | 0.2 | 2,911 | |||||||||
Other Securities | 3.7 | 40,722 | ||||||||||
5.0 | 57,089 | |||||||||||
Semiconductors & Semiconductor Equipment 4.4% | ||||||||||||
PMC - Sierra, Inc. * | 412,923 | 0.3 | 3,518 | |||||||||
Skyworks Solutions, Inc. * | 313,308 | 0.3 | 3,268 | |||||||||
Other Securities | 3.8 | 43,667 | ||||||||||
4.4 | 50,453 | |||||||||||
Software & Services 7.0% | ||||||||||||
Informatica Corp. * | 157,381 | 0.3 | 3,341 | |||||||||
TIBCO Software, Inc. * | 300,936 | 0.2 | 2,633 | |||||||||
VistaPrint N.V. * | 64,300 | 0.3 | 3,283 | |||||||||
Other Securities | 6.2 | 70,848 | ||||||||||
7.0 | 80,105 | |||||||||||
Technology Hardware & Equipment 6.0% | ||||||||||||
3Com Corp. * | 672,019 | 0.3 | 3,454 | |||||||||
Tech Data Corp. * | 89,500 | 0.3 | 3,440 | |||||||||
Other Securities | 5.4 | 62,212 | ||||||||||
6.0 | 69,106 | |||||||||||
Telecommunication Services 1.0% | ||||||||||||
Other Securities | 1.0 | 11,733 | ||||||||||
Transportation 1.8% | ||||||||||||
Other Securities | 1.8 | 20,598 | ||||||||||
Utilities 2.9% | ||||||||||||
Other Securities | 2.9 | 32,919 | ||||||||||
Total Common Stock (Cost $1,189,556) | 1,128,071 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Rights (Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 0.7% of net assets | ||||||||||||
Commercial Paper & Other Obligation 0.6% | ||||||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||||||
0.03%, 11/02/2009 | 6,446 | 0.6 | 6,446 | |||||||||
U.S. Treasury Obligation 0.1% | ||||||||||||
Other Securities | 0.1 | 1,659 | ||||||||||
Total Short-Term Investments (Cost $8,105) | 8,105 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. Please see complete schedule of holdings. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. | |
(c) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. Please see complete schedule of holdings. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 150 | 8,427 | (326 | ) |
Assets | ||||||
Investments, at value (cost $1,197,661) | $1,136,176 | |||||
Receivables: | ||||||
Investments sold | 1,544 | |||||
Income from securities on loan | 5,684 | |||||
Fund shares sold | 966 | |||||
Dividends | 5 | |||||
Prepaid expenses | + | 18 | ||||
Total assets | 1,144,393 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 1,769 | |||||
Investment adviser and administrator fees | 22 | |||||
Shareholder services fees to affiliate | 1 | |||||
Fund shares redeemed | 370 | |||||
Due to brokers for futures | 221 | |||||
Accrued expenses | + | 61 | ||||
Total liabilities | 2,444 | |||||
Net Assets | ||||||
Total assets | 1,144,393 | |||||
Total liabilities | − | 2,444 | ||||
Net assets | $1,141,949 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,289,420 | |||||
Net investment income not yet distributed | 7,672 | |||||
Net realized capital losses | (93,332 | ) | ||||
Net unrealized capital losses | (61,811 | ) |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$1,141,949 | 75,434 | $15.14 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $5) | $18,247 | |||||
Interest | 18 | |||||
Securities on loan | + | 10 | ||||
Total investment income | 18,275 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (45,842 | ) | ||||
Net realized losses on foreign currency transactions | (3 | ) | ||||
Net realized losses on futures contracts | + | (6,209 | ) | |||
Net realized losses | (52,054 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 153,573 | |||||
Net unrealized losses on futures contracts | + | (1,315 | ) | |||
Net unrealized gains | 152,258 | |||||
Expenses | ||||||
Investment Advisor and administrator fees | 2,447 | |||||
Transfer agent and shareholder service fees: | ||||||
Investor Shares1 | 628 | |||||
Select Shares | 449 | |||||
Shareholder reports | 79 | |||||
Portfolio accounting fees | 64 | |||||
Professional fees | 57 | |||||
Registration fees | 57 | |||||
Custodian fees | 40 | |||||
Trustees’ fees | 15 | |||||
Interest expense | 3 | |||||
Other expenses | + | 19 | ||||
Total expenses | 3,858 | |||||
Expense reduction by adviser and schwab | − | 612 | ||||
Net expenses | 3,246 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 18,275 | |||||
Net expenses | − | 3,246 | ||||
Net investment income | 15,029 | |||||
Net realized losses | (52,054 | ) | ||||
Net unrealized gains | + | 152,258 | ||||
Increase in net assets from operations | $115,233 |
1 | Effective August 21, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $15,029 | $24,861 | ||||||||
Net realized losses | (52,054 | ) | (48,380 | ) | ||||||
Net unrealized gains (losses) | + | 152,258 | (540,995 | ) | ||||||
Increase (Decrease) in net assets from operations | 115,233 | (564,514 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 8,184 | 8,132 | ||||||||
Select Shares | + | 13,636 | 12,287 | |||||||
Total distributions from net investment income | 21,820 | 20,419 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | - | 106,591 | ||||||||
Select Shares | + | - | 140,533 | |||||||
Total distributions from net realized gains | - | 247,124 | ||||||||
Total distributions | $21,820 | $267,543 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 4,012 | $49,425 | 4,071 | $65,918 | ||||||||||||||
Select Shares | + | 42,296 | 621,407 | 8,084 | 143,442 | |||||||||||||
Total shares sold | 46,308 | 670,832 | 12,155 | 209,360 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 644 | $7,679 | 5,458 | $107,685 | ||||||||||||||
Select Shares | + | 1,059 | 12,634 | 7,095 | 140,062 | |||||||||||||
Total shares reinvested | 1,703 | 20,313 | 12,553 | 247,747 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (37,064 | ) | ($546,937 | ) | (6,996 | ) | ($127,623 | ) | ||||||||||
Select Shares | + | (13,259 | ) | (171,312 | ) | (8,050 | ) | (146,320 | ) | |||||||||
Total shares redeemed | (50,323 | ) | (718,249 | ) | (15,046 | ) | (273,943 | ) | ||||||||||
Net transactions in fund shares | (2,312 | ) | ($27,104 | ) | 9,662 | $183,164 | ||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 77,746 | $1,075,640 | 68,084 | $1,724,533 | ||||||||||||||
Total increase or decrease | + | (2,312 | ) | 66,309 | 9,662 | (648,893 | ) | |||||||||||
End of period | 75,434 | 1,141,919 | 77,746 | 1,075,640 | ||||||||||||||
Net investment income not yet distributed | $7,672 | $18,705 |
1 | Effective August 21, 2009, all outstanding Investor Shares (31,033 shares valued at $477,019) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 17.08 | 27.04 | 23.90 | 20.83 | 19.09 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.24 | 0.40 | 0.37 | 0.31 | 0.31 | |||||||||||||||
Net realized and unrealized gains (losses) | 1.55 | (9.93 | ) | 3.09 | 3.04 | 1.71 | ||||||||||||||
Total from investment operations | 1.79 | (9.53 | ) | 3.46 | 3.35 | 2.02 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.37 | ) | (0.37 | ) | (0.32 | ) | (0.28 | ) | (0.28 | ) | ||||||||||
Distributions from net realized gains | — | (0.06 | ) | — | — | — | ||||||||||||||
Total distributions | (0.37 | ) | (0.43 | ) | (0.32 | ) | (0.28 | ) | (0.28 | ) | ||||||||||
Net asset value at end of period | 18.50 | 17.08 | 27.04 | 23.90 | 20.83 | |||||||||||||||
Total return (%) | 10.92 | (35.76 | ) | 14.62 | 16.23 | 10.63 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.21 | 2 | 0.38 | 0.37 | 0.38 | 0.39 | ||||||||||||||
Gross operating expenses | 0.28 | 0.38 | 0.37 | 0.38 | 0.39 | |||||||||||||||
Net investment income (loss) | 2.02 | 1.71 | 1.49 | 1.41 | 1.52 | |||||||||||||||
Portfolio turnover rate | 5 | 1 | 0 | 3 | 3 | 2 | ||||||||||||||
Net assets, end of period ($ x 1,000,000) | 1,205 | 585 | 906 | 762 | 617 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99 | .6% | Common Stock | 1,175,030 | 1,200,332 | ||||||||
0 | .2% | Preferred Stock | 1,367 | 2,111 | ||||||||
—% | Rights | — | — | |||||||||
0 | .8% | Short-Term Investments | 9,510 | 9,510 | ||||||||
100 | .6% | Total Investments | 1,185,907 | 1,211,953 | ||||||||
0 | .1% | Collateral Invested for Securities on Loan | 1,079 | 1,079 | ||||||||
(0 | .7)% | Other Assets and Liabilities, Net | (8,318 | ) | ||||||||
100 | .0% | Net Assets | 1,204,714 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 99.6% of net assets | ||||||||||||
Automobiles & Components 0.5% | ||||||||||||
Other Securities | 0.5 | 6,262 | ||||||||||
Banks 3.2% | ||||||||||||
U.S. Bancorp | 203,531 | 0.4 | 4,726 | |||||||||
Wells Fargo & Co. | 471,406 | 1.1 | 12,973 | |||||||||
Other Securities | 1.7 | 20,393 | ||||||||||
3.2 | 38,092 | |||||||||||
Capital Goods 7.4% | ||||||||||||
3M Co. | 67,000 | 0.4 | 4,929 | |||||||||
General Electric Co. | 1,133,766 | 1.4 | 16,168 | |||||||||
United Technologies Corp. | 93,068 | 0.5 | 5,719 | |||||||||
Other Securities | 5.1 | 61,921 | ||||||||||
7.4 | 88,737 | |||||||||||
Commercial & Professional Supplies 1.0% | ||||||||||||
Other Securities | 1.0 | 12,304 | ||||||||||
Consumer Durables & Apparel 1.3% | ||||||||||||
Other Securities | 1.3 | 15,269 | ||||||||||
Consumer Services 2.1% | ||||||||||||
McDonald’s Corp. | 148,709 | 0.7 | 8,716 | |||||||||
Other Securities | 1.4 | 17,090 | ||||||||||
2.1 | 25,806 | |||||||||||
Diversified Financials 7.1% | ||||||||||||
Bank of America Corp. | 926,956 | 1.1 | 13,515 | |||||||||
Citigroup, Inc. | 1,565,086 | 0.5 | 6,401 | |||||||||
JPMorgan Chase & Co. | 420,444 | 1.5 | 17,562 | |||||||||
Morgan Stanley | 140,500 | 0.4 | 4,513 | |||||||||
The Charles Schwab Corp. (b) | 111,120 | 0.2 | 1,927 | |||||||||
The Goldman Sachs Group, Inc. | 47,700 | 0.7 | 8,117 | |||||||||
Other Securities | 2.7 | 33,061 | ||||||||||
7.1 | 85,096 | |||||||||||
Energy 11.7% | ||||||||||||
Chevron Corp. | 213,339 | 1.4 | 16,329 | |||||||||
ConocoPhillips | 138,223 | 0.6 | 6,936 | |||||||||
Exxon Mobil Corp. | 525,466 | 3.1 | 37,660 | |||||||||
Occidental Petroleum Corp. | 86,120 | 0.6 | 6,535 | |||||||||
Schlumberger Ltd. | 132,000 | 0.7 | 8,210 | |||||||||
Other Securities | 5.3 | 65,405 | ||||||||||
11.7 | 141,075 | |||||||||||
Food & Staples Retailing 2.5% | ||||||||||||
CVS Caremark Corp. | 150,640 | 0.5 | 5,317 | |||||||||
Wal-Mart Stores, Inc. | 259,100 | 1.1 | 12,872 | |||||||||
Other Securities | 0.9 | 12,146 | ||||||||||
2.5 | 30,335 | |||||||||||
Food, Beverage & Tobacco 5.4% | ||||||||||||
PepsiCo, Inc. | 164,800 | 0.8 | 9,979 | |||||||||
Philip Morris International, Inc. | 208,800 | 0.8 | 9,889 | |||||||||
The Coca-Cola Co. | 260,200 | 1.2 | 13,871 | |||||||||
Other Securities | 2.6 | 30,919 | ||||||||||
5.4 | 64,658 | |||||||||||
Health Care Equipment & Services 4.4% | ||||||||||||
Medtronic, Inc. | 119,874 | 0.4 | 4,279 | |||||||||
Other Securities | 4.0 | 48,642 | ||||||||||
4.4 | 52,921 | |||||||||||
Household & Personal Products 2.5% | ||||||||||||
Colgate-Palmolive Co. | 52,500 | 0.4 | 4,128 | |||||||||
The Procter & Gamble Co. | 316,215 | 1.5 | 18,340 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Other Securities | 0.6 | 8,129 | ||||||||||
2.5 | 30,597 | |||||||||||
Insurance 3.9% | ||||||||||||
Berkshire Hathaway, Inc., Class A * | 133 | 1.1 | 13,167 | |||||||||
Other Securities | 2.8 | 33,652 | ||||||||||
3.9 | 46,819 | |||||||||||
Materials 3.8% | ||||||||||||
Other Securities | 3.8 | 46,171 | ||||||||||
Media 2.8% | ||||||||||||
The Walt Disney Co. | 185,410 | 0.4 | 5,075 | |||||||||
Other Securities | 2.4 | 29,262 | ||||||||||
2.8 | 34,337 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 7.9% | ||||||||||||
Abbott Laboratories | 163,905 | 0.7 | 8,289 | |||||||||
Amgen, Inc. * | 106,268 | 0.5 | 5,710 | |||||||||
Bristol-Myers Squibb Co. | 209,450 | 0.4 | 4,566 | |||||||||
Gilead Sciences, Inc. * | 96,640 | 0.4 | 4,112 | |||||||||
Johnson & Johnson | 298,170 | 1.5 | 17,607 | |||||||||
Merck & Co., Inc. * | 234,652 | 0.6 | 7,258 | |||||||||
Pfizer, Inc. | 865,801 | 1.2 | 14,745 | |||||||||
Schering-Plough Corp. | 168,750 | 0.4 | 4,759 | |||||||||
Other Securities | 2.2 | 27,646 | ||||||||||
7.9 | 94,692 | |||||||||||
Real Estate 1.9% | ||||||||||||
Other Securities | 1.9 | 22,354 | ||||||||||
Retailing 3.6% | ||||||||||||
Amazon.com, Inc. * | 41,700 | 0.4 | 4,954 | |||||||||
The Home Depot, Inc. | 182,070 | 0.4 | 4,568 | |||||||||
Other Securities | 2.8 | 33,614 | ||||||||||
3.6 | 43,136 | |||||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||||||
Intel Corp. | 594,332 | 1.0 | 11,358 | |||||||||
Other Securities | 1.5 | 19,069 | ||||||||||
2.5 | 30,427 | |||||||||||
Software & Services 7.7% | ||||||||||||
Google, Inc., Class A * | 26,750 | 1.2 | 14,341 | |||||||||
Microsoft Corp. | 865,850 | 2.0 | 24,010 | |||||||||
Oracle Corp. | 425,449 | 0.8 | 8,977 | |||||||||
Visa, Inc., Class A | 56,000 | 0.4 | 4,243 | |||||||||
Other Securities | 3.3 | 41,220 | ||||||||||
7.7 | 92,791 | |||||||||||
Technology Hardware & Equipment 8.2% | ||||||||||||
Apple, Inc. * | 95,000 | 1.5 | 17,907 | |||||||||
Cisco Systems, Inc. * | 628,909 | 1.2 | 14,371 | |||||||||
Hewlett-Packard Co. | 254,636 | 1.0 | 12,085 | |||||||||
International Business Machines Corp. | 142,510 | 1.4 | 17,188 | |||||||||
QUALCOMM, Inc. | 170,600 | 0.6 | 7,065 | |||||||||
Other Securities | 2.5 | 30,013 | ||||||||||
8.2 | 98,629 | |||||||||||
Telecommunication Services 2.7% | ||||||||||||
AT&T, Inc. | 603,056 | 1.3 | 15,480 | |||||||||
Verizon Communications, Inc. | 303,072 | 0.8 | 8,968 | |||||||||
Other Securities | 0.6 | 8,691 | ||||||||||
2.7 | 33,139 | |||||||||||
Transportation 1.8% | ||||||||||||
United Parcel Service, Inc., Class B | 91,480 | 0.4 | 4,911 | |||||||||
Other Securities | 1.4 | 17,293 | ||||||||||
1.8 | 22,204 | |||||||||||
Utilities 3.7% | ||||||||||||
Other Securities | 3.7 | 44,481 | ||||||||||
Total Common Stock (Cost $1,175,030) | 1,200,332 | |||||||||||
Preferred Stock 0.2% of net assets | ||||||||||||
Real Estate 0.2% | ||||||||||||
Other Securities | 0.2 | 2,111 | ||||||||||
Total Preferred Stock (Cost $1,367) | 2,111 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Rights (Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investments 0.8% of net assets | ||||||||||||
Commercial Paper & Other Obligation 0.6% | ||||||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||||||
0.03%, 11/02/2009 | 7,510 | 0.6 | 7,510 |
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
U.S. Treasury Obligation 0.2% | ||||||||||||
Other Securities | 0.2 | 2,000 | ||||||||||
Total Short-Term Investments (Cost $9,510) | 9,510 | |||||||||||
End of Investments. | ||||||||||||
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||||||
Invesco AIM Short Term Investments Trust Government & Agency Portfolio | 1,079,196 | 0.1 | 1,079 | |||||||||
Total Collateral Invested for Securities on Loan (Cost $1,079) | 1,079 | |||||||||||
End of collateral invested for securities on loan. |
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | Illiquid security. At the period end, the value of these amounted to $3 or 0.0% of net assets. Please see complete schedule of holdings. | |
(d) | All or a portion of this security is on loan. Please see complete schedule of holdings. |
ADR | — American Depositary Receipt. Please see complete schedule of holdings. | |
REIT | — Real Estate Investment Trust. Please see complete schedule of holdings. |
Assets | ||||||
Investments, at value including securities on loan of $1,009 (cost $1,185,907) | $1,211,953 | |||||
Collateral invested for securities on loan | 1,079 | |||||
Receivables: | ||||||
Investments sold | 6,648 | |||||
Fund shares sold | 1,473 | |||||
Dividends | 1,367 | |||||
Income from securities on loan | 14 | |||||
Foreign tax reclaims | 5 | |||||
Prepaid expenses | + | 19 | ||||
Total assets | 1,222,558 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 1,079 | |||||
Payables: | ||||||
Investments bought | 1,436 | |||||
Investment adviser and administrator fees | 2 | |||||
Shareholder services fees to affiliate | 2 | |||||
Fund shares redeemed | 15,018 | |||||
Due to brokers for futures | 242 | |||||
Trustees’ fees | 1 | |||||
Accrued expenses | + | 64 | ||||
Total liabilities | 17,844 | |||||
Net Assets | ||||||
Total assets | 1,222,558 | |||||
Total liabilities | − | 17,844 | ||||
Net assets | $1,204,714 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,191,014 | |||||
Net investment income not yet distributed | 16,372 | |||||
Net realized capital losses | (28,718 | ) | ||||
Net unrealized capital gains | 26,046 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$1,204,714 | 65,137 | $18.50 |
Investment Income | ||||||
Dividends (including $27 from affiliated issuer and net of foreign withholding tax of $6) | $23,606 | |||||
Interest | 10 | |||||
Securities on loan | + | 121 | ||||
Total investment income | 23,737 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (7,280 | ) | ||||
Net realized gains on foreign currency transactions | 1 | |||||
Net realized gains on futures contracts | + | 1,415 | ||||
Net realized losses | (5,864 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 99,552 | |||||
Net unrealized loss on affiliated issuer | (198 | ) | ||||
Net unrealized gains on futures contracts | + | 454 | ||||
Net unrealized gains | 99,808 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 1,854 | |||||
Transfer agent and shareholder services fees: | ||||||
Investor Shares1 | 660 | |||||
Select Shares | 434 | |||||
Registration fees | 112 | |||||
Portfolio accounting fees | 79 | |||||
Shareholder reports | 71 | |||||
Professional fees | 50 | |||||
Custodian fees | 29 | |||||
Trustees’ fees | 16 | |||||
Other expenses | + | 18 | ||||
Total expenses | 3,323 | |||||
Expense reduction by adviser and Schwab | − | (732 | ) | |||
Net expenses | 2,591 | |||||
Increase in Net Assets from Operations | ||||||
Total investment income | 23,737 | |||||
Net expenses | − | 2,591 | ||||
Net investment income | 21,146 | |||||
Net realized losses | (5,864 | ) | ||||
Net unrealized gains | + | 99,808 | ||||
Increase in net assets from operations | $115,090 |
1 | Effective September 18, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $21,146 | $22,422 | ||||||||
Net realized losses | (5,864 | ) | (23,326 | ) | ||||||
Net unrealized gains (losses) | + | 99,808 | (562,957 | ) | ||||||
Increase (Decrease) in net assets from operations | 115,090 | (563,861 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 8,380 | 8,309 | ||||||||
Select Shares | + | 12,961 | 12,465 | |||||||
Total distributions from net investment income | 21,341 | 20,774 | ||||||||
Distributions from net realized gains | ||||||||||
Investor Shares | — | 1,506 | ||||||||
Select Shares | + | — | 2,022 | |||||||
Total distributions from net realized gains | — | 3,528 | ||||||||
Total distributions | $21,341 | $24,302 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 7,799 | $123,898 | 4,610 | $101,344 | ||||||||||||||
Select Shares | + | 43,580 | 785,905 | 8,006 | 177,993 | |||||||||||||
Total shares sold | 51,379 | $909,803 | 12,616 | $279,337 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 502 | $7,748 | 361 | $9,166 | ||||||||||||||
Select Shares | + | 699 | 10,803 | 472 | 11,987 | |||||||||||||
Total shares reinvested | 1,201 | $18,551 | 833 | $21,153 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (33,087 | ) | ($612,707 | ) | (5,154 | ) | ($115,426 | ) | ||||||||||
Select Shares | + | (13,394 | ) | (211,806 | ) | (7,746 | ) | (169,194 | ) | |||||||||
Total shares redeemed | (46,481 | ) | ($824,513 | ) | (12,900 | ) | ($284,620 | ) | ||||||||||
Net transactions in fund shares | 6,099 | $103,841 | 549 | $15,870 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 59,038 | $1,007,124 | 58,489 | $1,579,417 | ||||||||||||||
Total increase or decrease | + | 6,099 | 197,590 | 549 | (572,293 | ) | ||||||||||||
End of period | 65,137 | $1,204,714 | 59,038 | $1,007,124 | ||||||||||||||
Net investment income not yet distributed | $16,372 | $17,281 |
1 | Effective September 18, 2009, all outstanding Investor Shares (27,821 shares valued at $531,998) combined with Select Shares, resulting in a single class of shares of the fund. |
11/1/08– | 11/1/07– | 11/1/06– | 11/1/05– | 11/1/04– | ||||||||||||||||
10/31/091 | 10/31/08 | 10/31/07 | 10/31/06 | 10/31/05 | ||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||
Net asset value at beginning of period | 13.95 | 25.95 | 21.14 | 17.09 | 14.83 | |||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | 0.37 | 0.68 | 0.54 | 0.50 | 0.38 | |||||||||||||||
Net realized and unrealized gains (losses) | 2.58 | (12.13 | ) | 4.93 | 3.93 | 2.19 | ||||||||||||||
Total from investment operations | 2.95 | (11.45 | ) | 5.47 | 4.43 | 2.57 | ||||||||||||||
Less distributions: | ||||||||||||||||||||
Distributions from net investment income | (0.64 | ) | (0.55 | ) | (0.66 | ) | (0.38 | ) | (0.31 | ) | ||||||||||
Net asset value at end of period | 16.26 | 13.95 | 25.95 | 21.14 | 17.09 | |||||||||||||||
Total return (%) | 22.55 | (45.02 | ) | 26.50 | 26.35 | 17.56 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||
Net operating expenses | 0.32 | 2 | 0.50 | 0.50 | 0.50 | 0.50 | ||||||||||||||
Gross operating expenses | 0.41 | 0.54 | 0.54 | 0.55 | 0.57 | |||||||||||||||
Net investment income (loss) | 2.92 | 3.15 | 2.34 | 2.60 | 2.23 | |||||||||||||||
Portfolio turnover rate | 21 | 10 | 5 | 11 | 10 | |||||||||||||||
Net assets, end of period ($ x 1,000,000) | 1,369 | 711 | 1,264 | 954 | 776 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98 | .6% | Common Stock | 1,034,182 | 1,351,379 | ||||||||
0 | .2% | Preferred Stock | 3,232 | 2,694 | ||||||||
—% | Rights | — | — | |||||||||
—% | Warrants | 14 | 10 | |||||||||
0 | .4% | Other Investment Company | 5,577 | 5,330 | ||||||||
0 | .5% | Short-Term Investment | 6,191 | 6,191 | ||||||||
99 | .7% | Total Investments | 1,049,196 | 1,365,604 | ||||||||
0 | .3% | Other Assets and Liabilities, Net | 3,725 | |||||||||
100 | .0% | Net Assets | 1,369,329 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Common Stock 98.6% of net assets | ||||||||||||
Australia 7.2% | ||||||||||||
Australia & New Zealand Banking Group Ltd. | 402,801 | 0.6 | 8,216 | |||||||||
BHP Billiton Ltd. | 539,827 | 1.3 | 17,705 | |||||||||
Commonwealth Bank of Australia | 244,300 | 0.8 | 11,289 | |||||||||
National Australia Bank Ltd. | 337,078 | 0.7 | 8,906 | |||||||||
Westpac Banking Corp. | 478,668 | 0.8 | 11,188 | |||||||||
Other Securities | 3.0 | 41,261 | ||||||||||
7.2 | 98,565 | |||||||||||
Austria 0.2% | ||||||||||||
Other Securities | 0.2 | 3,345 | ||||||||||
Belgium 0.9% | ||||||||||||
Other Securities | 0.9 | 12,410 | ||||||||||
Canada 8.5% | ||||||||||||
Royal Bank of Canada | 227,168 | 0.8 | 11,505 | |||||||||
Suncor Energy, Inc. | 251,099 | 0.6 | 8,336 | |||||||||
The Toronto-Dominion Bank | 135,532 | 0.6 | 7,726 | |||||||||
Other Securities | 6.5 | 88,954 | ||||||||||
8.5 | 116,521 | |||||||||||
Denmark 0.8% | ||||||||||||
Other Securities | 0.8 | 11,020 | ||||||||||
Finland 0.8% | ||||||||||||
Nokia Corp. | 613,039 | 0.6 | 7,743 | |||||||||
Other Securities | 0.2 | 3,459 | ||||||||||
0.8 | 11,202 | |||||||||||
France 11.1% | ||||||||||||
AXA S.A. | 281,096 | 0.5 | 6,991 | |||||||||
BNP Paribas | 146,042 | 0.8 | 11,002 | |||||||||
France Telecom S.A. | 312,491 | 0.6 | 7,743 | |||||||||
GDF Suez | 233,712 | 0.7 | 9,771 | |||||||||
Sanofi-Aventis | 172,144 | 0.9 | 12,619 | |||||||||
Total S.A. | 376,619 | 1.6 | 22,537 | |||||||||
Other Securities | 6.0 | 81,684 | ||||||||||
11.1 | 152,347 | |||||||||||
Germany 8.1% | ||||||||||||
Allianz SE - Reg’d | 72,500 | 0.6 | 8,310 | |||||||||
BASF SE | 148,324 | 0.6 | 7,940 | |||||||||
Bayer AG | 133,015 | 0.7 | 9,229 | |||||||||
Daimler AG - Reg’d | 170,662 | 0.6 | 8,289 | |||||||||
Deutsche Bank AG - Reg’d | 99,872 | 0.5 | 7,256 | |||||||||
E.ON AG | 306,345 | 0.8 | 11,741 | |||||||||
Siemens AG - Reg’d | 131,154 | 0.9 | 11,852 | |||||||||
Other Securities | 3.4 | 46,096 | ||||||||||
8.1 | 110,713 | |||||||||||
Greece 0.3% | ||||||||||||
Other Securities | 0.3 | 3,676 | ||||||||||
Hong Kong 2.0% | ||||||||||||
Other Securities | 2.0 | 27,232 | ||||||||||
Ireland 0.3% | ||||||||||||
Other Securities | 0.3 | 4,563 | ||||||||||
Italy 3.8% | ||||||||||||
Eni S.p.A. | 448,923 | 0.8 | 11,118 | |||||||||
UniCredit S.p.A. * | 2,694,921 | 0.6 | 9,029 | |||||||||
Other Securities | 2.4 | 32,507 | ||||||||||
3.8 | 52,654 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($ x 1,000) | |||||||||
Japan 14.6% | ||||||||||||
Honda Motor Co., Ltd. | 253,539 | 0.6 | 7,831 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 1,781,509 | 0.7 | 9,489 | |||||||||
Toyota Motor Corp. | 427,803 | 1.2 | 16,888 | |||||||||
Other Securities | 12.1 | 165,892 | ||||||||||
14.6 | 200,100 | |||||||||||
Netherlands 2.6% | ||||||||||||
Unilever N.V. | 274,655 | 0.6 | 8,463 | |||||||||
Other Securities | 2.0 | 26,544 | ||||||||||
2.6 | 35,007 | |||||||||||
Norway 0.5% | ||||||||||||
Other Securities | 0.5 | 7,384 | ||||||||||
Portugal 0.2% | ||||||||||||
Other Securities | 0.2 | 2,420 | ||||||||||
Singapore 0.9% | ||||||||||||
Other Securities | 0.9 | 13,066 | ||||||||||
Spain 5.0% | ||||||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 614,226 | 0.8 | 10,979 | |||||||||
Banco Santander S.A. | 1,304,375 | 1.5 | 20,990 | |||||||||
Telefonica S.A. | 662,958 | 1.4 | 18,514 | |||||||||
Other Securities | 1.3 | 17,936 | ||||||||||
5.0 | 68,419 | |||||||||||
Sweden 1.9% | ||||||||||||
Other Securities | 1.9 | 25,391 | ||||||||||
Switzerland 8.3% | ||||||||||||
Credit Suisse Group AG - Reg’d | 167,302 | 0.6 | 8,944 | |||||||||
Nestle S.A. - Reg’d | 587,104 | 2.0 | 27,301 | |||||||||
Novartis AG - Reg’d | 423,440 | 1.6 | 22,050 | |||||||||
Roche Holding AG | 112,533 | 1.3 | 18,024 | |||||||||
UBS AG - Reg’d * | 572,316 | 0.7 | 9,543 | |||||||||
Other Securities | 2.1 | 27,974 | ||||||||||
8.3 | 113,836 | |||||||||||
United Kingdom 20.5% | ||||||||||||
Anglo American plc * | 212,855 | 0.6 | 7,702 | |||||||||
AstraZeneca plc | 231,628 | 0.8 | 10,398 | |||||||||
Barclays plc * | 1,773,937 | 0.7 | 9,297 | |||||||||
BG Group plc | 535,251 | 0.7 | 9,213 | |||||||||
BHP Billiton plc | 351,633 | 0.7 | 9,475 | |||||||||
BP plc | 2,999,726 | 2.0 | 28,108 | |||||||||
British American Tobacco plc | 326,828 | 0.8 | 10,415 | |||||||||
GlaxoSmithKline plc | 832,673 | 1.2 | 17,080 | |||||||||
HSBC Holdings plc | 2,788,563 | 2.2 | 30,814 | |||||||||
Rio Tinto plc | 214,680 | 0.7 | 9,491 | |||||||||
Royal Dutch Shell plc, A Share | 588,320 | 1.3 | 17,443 | |||||||||
Royal Dutch Shell plc, B Share | 438,079 | 0.9 | 12,611 | |||||||||
Tesco plc | 1,280,582 | 0.6 | 8,539 | |||||||||
Vodafone Group plc | 8,404,590 | 1.3 | 18,522 | |||||||||
Other Securities | 6.0 | 81,331 | ||||||||||
20.5 | 280,439 | |||||||||||
United States 0.1% | ||||||||||||
Other Securities | 0.1 | 1,069 | ||||||||||
Total Common Stock (Cost $1,034,182) | 1,351,379 | |||||||||||
Preferred Stock 0.2% of net assets | ||||||||||||
Germany 0.2% | ||||||||||||
Other Securities | 0.2 | 2,694 | ||||||||||
Total Preferred Stock (Cost $3,232) | 2,694 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Rights (Cost $—) | — | |||||||||||
Warrants 0.0% of net assets | ||||||||||||
Other Securities | 0.0 | 10 | ||||||||||
Total Warrants (Cost $14) | 10 | |||||||||||
Other Investment Company 0.4% of net assets | ||||||||||||
United States 0.4% | ||||||||||||
Other Securities | 0.4 | 5,330 | ||||||||||
Total Other Investment Company (Cost $5,577) | 5,330 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($ x 1,000) | Assets | ($ x 1,000) | |||||||||
Short-Term Investment 0.5% of net assets | ||||||||||||
Other Securities | 0.5 | 6,191 | ||||||||||
Total Short-Term Investment (Cost $6,191) | 6,191 | |||||||||||
End of Investments. |
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. Please see complete schedule of holdings. | |
(b) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. Please see complete schedule of holdings. |
CVA | — Dutch Certificate | |
Reg’d | — Registered |
Assets | ||||||
Investments, at value (cost $1,049,196) | $1,365,604 | |||||
Foreign currency, at value (cost $32) | 32 | |||||
Receivables: | ||||||
Dividends | 2,372 | |||||
Fund shares sold | 1,518 | |||||
Foreign tax reclaims | 634 | |||||
Prepaid expenses | + | 21 | ||||
Total assets | 1,370,181 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 260 | |||||
Investment adviser and administrator fees | 33 | |||||
Shareholder services fees to affiliate | 1 | |||||
Fund shares redeemed | 462 | |||||
Trustees’ fees | 1 | |||||
Accrued expenses | + | 95 | ||||
Total liabilities | 852 | |||||
Net Assets | ||||||
Total assets | 1,370,181 | |||||
Total liabilities | − | 852 | ||||
Net assets | $1,369,329 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,268,860 | |||||
Net investment income not yet distributed | 21,869 | |||||
Net realized capital losses | (237,872 | ) | ||||
Net unrealized capital gains | 316,472 |
Shares | ||||||||||
Net Assets | ¸ | Outstanding | = | NAV | ||||||
$1,369,329 | 84,236 | $16.26 |
Investment Income | ||||||
Dividends (net of foreign withholding tax of $4,026) | $39,253 | |||||
Interest | + | 2 | ||||
Total investment income | 39,255 | |||||
Net Realized Gains and Losses | ||||||
Net realized losses on investments | (62,991 | ) | ||||
Net realized gains on foreign currency transactions | + | 412 | ||||
Net realized losses | (62,579 | ) | ||||
Net Unrealized Gains and Losses | ||||||
Net unrealized gains on investments | 263,344 | |||||
Net unrealized losses on foreign currency translations | + | (9 | ) | |||
Net unrealized gains | 263,335 | |||||
Expenses | ||||||
Investment adviser and administrator fees | 3,503 | |||||
Transfer agent and shareholder services fees: | ||||||
Investor Shares1 | 695 | |||||
Select Shares | 534 | |||||
Custodian fees | 321 | |||||
Registration fees | 97 | |||||
Shareholder reports | 91 | |||||
Portfolio accounting fees | 84 | |||||
Professional fees | 52 | |||||
Trustees’ fees | 17 | |||||
Interest expenses | 8 | |||||
Other expenses | + | 36 | ||||
Total expenses | 5,438 | |||||
Expense reduction by adviser and Schwab | − | 1,242 | ||||
Net expenses | 4,196 | |||||
Increase (Decrease) in Net Assets from Operations | ||||||
Total investment income | 39,255 | |||||
Net expenses | − | 4,196 | ||||
Net investment income | 35,059 | |||||
Net realized losses | (62,579 | ) | ||||
Net unrealized gains | + | 263,335 | ||||
Increase in net assets from operations | $235,815 |
1 | Effective August 21, 2009, all outstanding Investor Shares combined with Select Shares, resulting in a single class of shares of the fund. |
Operations |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||
Net investment income | $35,059 | $55,150 | ||||||||
Net realized losses | (62,579 | ) | (11,824 | ) | ||||||
Net unrealized gains (losses) | + | 263,335 | (992,846 | ) | ||||||
Increase (Decrease) in net assets from operations | 235,815 | (949,520 | ) | |||||||
Distributions to Shareholders1 | ||||||||||
Distributions from net investment income | ||||||||||
Investor Shares | 19,181 | 17,168 | ||||||||
Select Shares | + | 33,020 | 26,872 | |||||||
Total distributions from net investment income | 52,201 | $44,040 |
Transactions in Fund Shares1 |
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares Sold | ||||||||||||||||||
Investor Shares | 5,594 | $72,343 | 6,740 | $126,669 | ||||||||||||||
Select Shares | + | 46,147 | 706,130 | 10,127 | 200,887 | |||||||||||||
Total shares sold | 51,741 | $778,473 | 16,867 | $327,556 | ||||||||||||||
Shares Reinvested | ||||||||||||||||||
Investor Shares | 1,390 | $17,442 | 646 | $15,700 | ||||||||||||||
Select Shares | + | 2,393 | 29,992 | 992 | 24,068 | |||||||||||||
Total shares reinvested | 3,783 | $47,434 | 1,638 | $39,768 | ||||||||||||||
Shares Redeemed | ||||||||||||||||||
Investor Shares | (40,614 | ) | ($615,349 | ) | (7,378 | ) | ($151,710 | ) | ||||||||||
Select Shares | + | (15,257 | ) | (204,275 | ) | (8,895 | ) | (178,511 | ) | |||||||||
Total shares redeemed | (55,871 | ) | ($819,624 | ) | (16,273 | ) | ($330,221 | ) | ||||||||||
Net transactions in fund shares | (347 | ) | $6,283 | 2,232 | $37,103 | |||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
11/01/08-10/31/09 | 11/01/07-10/31/08 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 84,583 | $1,179,432 | 82,351 | $2,135,889 | ||||||||||||||
Total increase or decrease | + | (347 | ) | 189,897 | 2,232 | (956,457 | ) | |||||||||||
End of period | 84,236 | $1,369,329 | 84,583 | $1,179,432 | ||||||||||||||
Net investment income not yet distributed | $21,869 | $37,856 |
1 | Effective August 21, 2009, all outstanding Investor Shares (32,129 shares valued at $510,896) combined with Select Shares, resulting in a single class of shares of the fund. |
Schwab Capital Trust (organized May 7, 1993) Schwab S&P 500 Index Fund Schwab Small-Cap Index Fund Schwab Total Stock Market Index Fund Schwab International Index Fund Schwab MarketTrack All Equity Portfolio Schwab MarketTrack Growth Portfolio Schwab MarketTrack Balanced Portfolio Schwab MarketTrack Conservative Portfolio Laudus U.S. MarketMasters Fund Laudus Small-Cap MarketMasters Fund Laudus International MarketMasters Fund Schwab Balanced Fund (formerly Schwab Viewpoints Fund) Schwab Premier Equity Fund Schwab Core Equity Fund Schwab Dividend Equity Fund Schwab Large-Cap Growth Fund Schwab Small-Cap Equity Fund Schwab Hedged Equity Fund Schwab Financial Services Fund Schwab Health Care Fund Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund | Schwab Target 2030 Fund Schwab Target 2035 Fund Schwab Target 2040 Fund Schwab Retirement Income Fund Schwab Fundamental US Large Company Index Fund Schwab Fundamental US Small-Mid Company Index Fund Schwab Fundamental International Large Company Index Fund Schwab Fundamental International Small-Mid Company Index Fund Schwab Fundamental Emerging Markets Index Fund Schwab Monthly Income Fund–Moderate Payout Schwab Monthly Income Fund–Enhanced Payout Schwab Monthly Income Fund–Maximum Payout Schwab Investments (organized October 26, 1990) Schwab 1000 Index Fund Schwab YieldPlus Fund Schwab Short-Term Bond Market Fund Schwab Total Bond Market Fund Schwab GNMA Fund Schwab Inflation Protected Fund Schwab Tax-Free YieldPlus Fund Schwab Tax-Free Bond Fund Schwab California Tax-Free YieldPlus Fund Schwab California Tax-Free Bond Fund Schwab Global Real Estate Fund | |||
• | Securities traded on an exchange or over-the-counter: valued at the closing value for the day, or, on days when no closing value has been reported, halfway between the most recent bid and asked quotes. Securities that are primarily traded on foreign exchanges are valued at the closing values of such securities on their respective exchanges with these values then translated into U.S. dollars at the valuation date exchange rate. | |
• | Securities for which no quoted value is available: The Boards of Trustees have adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when a security is delisted or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price or when a security’s primary trading market is closed during regular market hours. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Boards of Trustees regularly review fair value determinations made by the funds pursuant to the procedures. | |
• | International Fair Valuation: The Boards of Trustees have adopted procedures to fair value foreign securities that trade in markets that close prior to when the funds value their holdings. By fair valuing securities whose prices may have been affected by events occurring after the close of trading, each fund seeks to establish prices that investors might expect to realize upon the current sales of these securities. This methodology is designed to deter “arbitrage” market timers, who seek to exploit delays between the change in the value of a fund’s portfolio holdings and the net asset value of the fund’s shares, and seeks to help ensure that the prices at which the fund’s shares are purchased and redeemed are fair and do not result in dilution of shareholder interest or other harm to shareholders. When fair value pricing is used at the open or close of a reporting period, it may cause a temporary divergence between the return of a fund and that of its index or benchmark. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Boards of Trustees regularly review fair value determinations made by the funds pursuant to the procedures. | |
• | Futures and Forwards contracts: valued at their settlement prices as of the close of their exchanges (for futures) or at a value based on that day’s exchange rates (for forwards). | |
• | Short-term securities (60 days or less to maturity): valued at amortized cost, which approximates market value. | |
• | Underlying funds: valued at their respective NAV as determined by those funds in accordance with the 1940 Act for a given day. |
(All dollar amounts are x 1,000)
• | Level 1—quoted prices in active markets for identical securities— Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. The funds do not adjust the quoted price for such investments, even in situations where the funds hold a large position and a sale could reasonably impact the quoted price. | |
• | Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)— Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In addition, international securities whose markets close hours before the funds value their holdings may require revised valuations due to significant movement in the U.S. markets occurring after the daily close of the foreign markets. The Boards of Trustees have approved a vendor that would calculate revised valuations of international securities based on a number of factors that appear to correlate to the movements in the U.S. markets. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3—significant unobservable inputs (including the funds’ own assumptions in determining the fair value of investments)— Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $8,609,029 | $— | $— | $8,609,029 | ||||||||||||
Short-Term Investments(a) | — | 91,098 | — | 91,098 | ||||||||||||
Total | $8,609,029 | $91,098 | $— | $8,700,127 | ||||||||||||
Other Financial Instruments Collateral Invested for Securities on Loan | $9,401 | $— | $— | $9,401 | ||||||||||||
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts* | ($27 | ) | $— | $— | ($27 | ) | ||||||||||
Total | ($27 | ) | $— | $— | ($27 | ) | ||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $4,257,168 | $— | $— | $4,257,168 | ||||||||||||
Other Investment Company | 14,863 | — | — | 14,863 | ||||||||||||
Short-Term Investments(a) | — | 2,100 | — | 2,100 | ||||||||||||
Total | $4,272,031 | $2,100 | $— | $4,274,131 | ||||||||||||
Other Financial Instruments Collateral Invested for Securities on Loan | $3,064 | $— | $— | $3,064 | ||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts* | ($613 | ) | $— | $— | ($613 | ) | ||||||||||
Total | ($613 | ) | $— | $— | ($613 | ) | ||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock(a) | $1,128,071 | $— | $— | $1,128,071 | ||||||||||||
Short-Term Investments(a) | — | 8,105 | — | 8,105 | ||||||||||||
Total | $1,128,071 | $8,105 | $— | $1,136,176 | ||||||||||||
(All dollar amounts are x 1,000)
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contract* | ($326 | ) | $— | $— | ($326 | ) | ||||||||||
Total | ($326 | ) | $— | $— | ($326 | ) | ||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $1,178,128 | $— | $— | $1,178,128 | ||||||||||||
Transportation | 22,201 | — | 3 | 22,204 | ||||||||||||
Preferred Stock(a) | 2,111 | — | — | 2,111 | ||||||||||||
Rights(a) | — | — | — | — | ||||||||||||
Short-Term Investments(a) | — | 9,510 | — | 9,510 | ||||||||||||
Total | $1,202,440 | $9,510 | $3 | $1,211,953 | ||||||||||||
Other Financial Instruments Collateral Invested for Securities on Loan | $1,079 | $— | $— | $1,079 | ||||||||||||
Balance | Change in | Balance | ||||||||||||||||||||||||||
as of | Accrued | Realized | Unrealized | Net | Net | as of | ||||||||||||||||||||||
October 31, | Discounts | Gains | Gains | Purchases | Transfers in | October 31, | ||||||||||||||||||||||
Investments in Securities | 2008 | (Premiums) | (Losses) | (Losses) | (Sales) | and/or out | 2009 | |||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||
Consumer Durables & Apparel | $— | $— | $— | $(1 | ) | $— | $1 | $— | ||||||||||||||||||||
Software & Services | — | — | (5 | ) | 5 | — | — | — | ||||||||||||||||||||
Transportation | 3 | — | — | 1 | — | (1 | ) | 3 | ||||||||||||||||||||
Pharmaceuticals & Biotechnology | 11 | — | (11 | ) | 8 | (8 | ) | — | — | |||||||||||||||||||
Total | $14 | $— | $(16 | ) | $13 | $(8 | ) | $— | $3 | |||||||||||||||||||
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Significant Other | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total** | ||||||||||||
Common Stock(a) | $— | $954,419 | $— | $954,419 | ||||||||||||
Canada | 116,521 | — | — | 116,521 | ||||||||||||
United Kingdom | — | 280,410 | 29 | 280,439 | ||||||||||||
Preferred Stock(a) | — | 2,694 | — | 2,694 | ||||||||||||
Warrant | 10 | — | — | 10 | ||||||||||||
Other Investment Company(a) | 5,330 | — | — | 5,330 | ||||||||||||
Short-Term Investment | — | 6,191 | — | 6,191 | ||||||||||||
Total | $121,861 | $1,243,714 | $29 | $1,365,604 | ||||||||||||
(All dollar amounts are x 1,000)
Balance | Change in | Balance | ||||||||||||||||||||||||||
as of | Accrued | Realized | Unrealized | Net | Net | as of | ||||||||||||||||||||||
October 31, | Discounts | Gains | Gains | Purchases | Transfers in | October 31, | ||||||||||||||||||||||
Investments in Securities | 2008 | (Premiums) | (Losses) | (Losses) | (Sales) | and/or out | 2009 | |||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||
United Kingdom | $— | $— | $— | $28 | $1 | $— | $29 | |||||||||||||||||||||
Total | $— | $— | $— | $28 | $1 | $— | $29 | |||||||||||||||||||||
* | Futures contracts are not included in Investments and are valued at the unrealized appreciation or depreciation. | |
** | The fund had no Other Financial Instruments. | |
(a) | As categorized in complete schedule of holdings. |
(All dollar amounts are x 1,000)
(All dollar amounts are x 1,000)
Schwab 1000 | ||||||||||||||||
% of Average Daily Net Assets | Index | |||||||||||||||
First $500 million | 0.30 | % | ||||||||||||||
$500 million to $5 billion | 0.22 | % | ||||||||||||||
$5 billion to $10 billion | 0.20 | % | ||||||||||||||
Over $10 billion | 0.18 | % |
Schwab S&P | Schwab Small- | Schwab Total | Schwab | |||||||||||||
500 Index | Cap Index | Stock Market | International | |||||||||||||
% of Average Daily Net Assets | Fund | Fund | Index Fund | Index Fund | ||||||||||||
Current rate | 0.06 | % | 0.15 | % | 0.06 | % | 0.15 | % | ||||||||
Prior to July 1, 2009, the fees were: | ||||||||||||||||
First $500 million | 0.15 | % | 0.33 | % | 0.30 | % | 0.43 | % | ||||||||
$500 million to $5 billion | 0.09 | % | 0.28 | % | 0.22 | % | 0.38 | % | ||||||||
$5 billion to $10 billion | 0.08 | % | 0.28 | % | 0.22 | % | 0.38 | % | ||||||||
Over $10 billion | 0.07 | % | 0.28 | % | 0.22 | % | 0.38 | % |
Schwab Total | Schwab | |||||||||||||||||||
Schwab S&P | Schwab 1000 | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Index Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
0.02 | % | 0.10 | % | 0.02 | % | 0.02 | % | 0.02 | % |
(All dollar amounts are x 1,000)
Transfer Agent Fees | Shareholder Service Fees | |||||||
Investor Shares | 0.05% | 0.20% | ||||||
Select Shares | 0.05% | 0.05% | ||||||
e Shares* | 0.05% | 0.05% |
Schwab Total | Schwab | |||||||||||||||||||
Schwab S&P | Schwab 1000 | Schwab Small- | Stock Market | International | ||||||||||||||||
% of Average Daily Net Assets | 500 Index Fund | Index Fund | Cap Index Fund | Index Fund | Index Fund | |||||||||||||||
Flat rate | 0.09 | % | 0.29 | % | 0.19 | % | 0.09 | % | 0.19 | % | ||||||||||
Prior to May 5, 2009, the expense limitation was: | ||||||||||||||||||||
Investor Shares | 0.37 | % | 0.51 | % | 0.60 | % | 0.58 | % | 0.69 | % | ||||||||||
Select Shares | 0.19 | % | 0.36 | % | 0.42 | % | 0.39 | % | 0.50 | % | ||||||||||
e.Shares* | 0.28 | % | n/a | n/a | n/a | n/a |
* | e.Shares were only offered by Schwab S&P 500 Index Fund. |
Schwab Total | Schwab | |||||||||||||||||||
Schwab S&P | Schwab 1000 | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Index Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
Schwab MarketTrack Portfolios: | ||||||||||||||||||||
All Equity Portfolio | 2.4% | —% | 9.9% | —% | 10.2% | |||||||||||||||
Growth Portfolio | 2.7% | —% | 10.1% | —% | 8.6% | |||||||||||||||
Balanced Portfolio | 1.5% | —% | 5.6% | —% | 4.7% | |||||||||||||||
Conservative Portfolio | 0.4% | —% | 1.6% | —% | 1.3% | |||||||||||||||
Schwab Annuity Portfolios: | ||||||||||||||||||||
Growth Portfolio II | 0.1% | —% | 0.6% | —% | 0.5% | |||||||||||||||
Schwab Target Funds: | ||||||||||||||||||||
Target 2010 | 0.1% | —% | —% | —% | —% | |||||||||||||||
Target 2015 | —% | —% | —% | —% | —% | |||||||||||||||
Target 2020 | 0.3% | —% | —% | —% | —% | |||||||||||||||
Target 2025 | —% | —% | —% | —% | —% | |||||||||||||||
Target 2030 | 0.3% | —% | —% | —% | —% | |||||||||||||||
Target 2035 | —% | —% | —% | —% | —% | |||||||||||||||
Target 2040 | 0.3% | —% | —% | —% | —% |
(All dollar amounts are x 1,000)
Schwab S&P 500 Index Fund | $— | |||
Schwab 1000 Index Fund | 151,584 | |||
Schwab Small-Cap Index Fund | 56,297 | |||
Schwab Total Stock Market Index Fund | 2,199 | |||
Schwab International Index Fund | 6,191 |
Purchase of Securities | Sales/Maturities of Securities | |||||||
Schwab S&P 500 Index Fund | $384,499 | * | $150,346 | |||||
Schwab 1000 Index Fund | 142,831 | 379,505 | ||||||
Schwab Small-Cap Index Fund | 273,988 | 254,855 | ||||||
Schwab Total Stock Market Index Fund | 164,074 | 45,055 | ||||||
Schwab International Index Fund | 239,302 | 249,354 |
* | Purchase of securities excludes impact of purchase of investments resulting from a merger with another fund (See the financial note 11). |
Current Period | Prior Period | |||||||
(11/1/08-10/31/09) | (11/1/07-10/31/08) | |||||||
Schwab S&P 500 Index Fund | $223 | $167 | ||||||
Schwab 1000 Index Fund | 107 | 103 | ||||||
Schwab Small-Cap Index Fund | 42 | 18 | ||||||
Schwab Total Stock Market Index Fund | 65 | 43 | ||||||
Schwab International Index Fund | 38 | 29 |
Schwab | Schwab Total | Schwab | ||||||||||||||||||
Schwab S&P | 1000 Index | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
Undistributed Ordinary income | $94,434 | $62,785 | $7,098 | $16,077 | $32,351 | |||||||||||||||
Unrealized appreciation | 1,848,843 | 2,107,015 | 196,099 | 279,219 | 423,934 | |||||||||||||||
Unrealized depreciation | (1,666,233 | ) | (241,691 | ) | (270,623 | ) | (251,283 | ) | (126,962 | ) | ||||||||||
Other unrealized appreciation/(depreciation) | — | — | — | — | 64 | |||||||||||||||
Net unrealized appreciation/(depreciation) | $182,610 | $1,865,324 | $(74,524 | ) | $27,936 | $297,036 | ||||||||||||||
Schwab | Schwab Total | Schwab | ||||||||||||||||||
Schwab S&P | 1000 Index | Schwab Small- | Stock Market | International | ||||||||||||||||
Expiration Date | 500 Index Fund | Fund | Cap Index Fund | Index Fund | Index Fund | |||||||||||||||
October 31, 2010 | $401,878 | $— | $— | $— | $112,722 | |||||||||||||||
October 31, 2011 | 72,381 | — | — | — | 39,016 | |||||||||||||||
October 31, 2012 | 29,212 | — | — | — | 8,278 | |||||||||||||||
October 31, 2013 | 178,255 | — | — | — | — | |||||||||||||||
October 31, 2014 | 109,256 | — | — | — | — | |||||||||||||||
October 31, 2015 | 15,234 | — | — | — | — | |||||||||||||||
October 31, 2016 | 47,041 | 6,396 | 7,115 | 25,401 | 3,212 | |||||||||||||||
October 31, 2017 | 18,317 | — | 72,930 | 4,912 | 65,689 | |||||||||||||||
Total | $871,574 | $6,396 | $80,045 | $30,313 | $228,917 | |||||||||||||||
(All dollar amounts are x 1,000)
10/31/2015 | $74,411 | |||
10/31/2016 | 30,839 | |||
10/31/2017 | 1,802 | |||
Total | $107,052 |
Schwab | Schwab Total | Schwab | ||||||||||||||||||
Schwab S&P | 1000 Index | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
Capital losses utilized | $— | $3,320 | $— | $— | $— | |||||||||||||||
Capital losses expired | $34,840 | $— | $— | $— | $61,592 |
Schwab | Schwab Total | Schwab | ||||||||||||||||||
Schwab S&P | 1000 Index | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
Current period distributions | ||||||||||||||||||||
Ordinary income | $135,807 | $99,151 | $21,820 | $21,341 | $52,201 | |||||||||||||||
Prior period distributions | ||||||||||||||||||||
Ordinary income | $140,183 | $102,221 | $26,318 | $20,749 | $44,040 | |||||||||||||||
Long-term capital gains | — | 5,020 | 241,226 | 3,553 | — |
Schwab | Schwab Total | Schwab | ||||||||||||||||||
Schwab S&P | 1000 Index | Schwab Small- | Stock Market | International | ||||||||||||||||
500 Index Fund | Fund | Cap Index Fund | Index Fund | Index Fund | ||||||||||||||||
Capital Shares | $128,698 | $— | $— | $— | $(61,592 | ) | ||||||||||||||
Undistributed net investment income | 1,150 | (783 | ) | (4,242 | ) | (714 | ) | 1,155 | ||||||||||||
Net realized capital gains and losses | (129,848 | ) | 783 | 4,242 | 714 | 60,437 |
After | ||||||||||||
Before Reorganization | Reorganization | |||||||||||
Schwab | ||||||||||||
Institutional | ||||||||||||
Schwab S&P | Select S&P | Schwab S&P | ||||||||||
500 Fund | 500 Fund | 500 Fund | ||||||||||
Shares: | 345,296 | 369,038 | 530,940 | |||||||||
Net Assets: | $5,596,066 | $3,008,644 | $8,604,710 | |||||||||
Net Asset Value: | $16.21 | $8.15 | $16.21 | |||||||||
Net unrealized appreciation/(depreciation) | $598,517 | ($368,307 | ) | $230,210 |
Percentage | ||||
Schwab S&P 500 Index Fund | 100.00 | |||
Schwab 1000 Index Fund | 100.00 | |||
Schwab Small-Cap Index Fund | 74.35 | |||
Schwab Total Stock Market Index Fund | 100.00 | |||
Schwab International Index Fund | — |
Schwab S&P 500 Index Fund | $135,807 | |||
Schwab 1000 Index Fund | 99,151 | |||
Schwab Small-Cap Index Fund | 11,089 | |||
Schwab Total Stock Market Index Fund | 21,341 | |||
Schwab International Index Fund | 52,827 |
1. | the nature, extent and quality of the services provided to the Funds under the Agreement, including the resources of CSIM and its affiliates dedicated to the Funds; |
2. | each Fund’s investment performance and how it compared to that of certain other comparable mutual funds; |
3. | each Fund’s expenses and how those expenses compared to those of certain other comparable mutual funds; |
4. | the profitability of CSIM and its affiliates, including Charles Schwab & Co., Inc. (“Schwab”), with respect to each Fund, including both direct and indirect benefits accruing to CSIM and its affiliates; and |
5. | the extent to which economies of scale would be realized as the Funds grow and whether fee levels in the Agreements reflect those economies of scale for the benefit of Fund investors. |
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Mariann Byerwalter 1960 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman of JDN Corporate Advisory LLC. | 78 | Board 1—Director, Redwood Trust, Inc. | |||
John F. Cogan 1947 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Fellow: The Hoover Institution at Stanford University; Stanford Institute for Economic Policy Research; Professor of Public Policy, Stanford University. | 66 | Board 1—Director, Gilead Sciences, Inc. Board 2—Director, Venture Lending and Leasing, Inc. | |||
William A. Hasler 1941 Trustee (Trustee of Schwab Capital Trust since 2000.) | Dean Emeritus, Haas School of Business, University of California, Berkeley. Until February 2004, Co-Chief Executive Officer, Aphton Corp. (bio-pharmaceuticals). | 78 | Board 1—Director, Mission West Properties Board 2—Director, TOUSA Board 3—Director, Harris-Stratex Networks Board 4—Director, Globalstar, Inc. Board 5 – Director, Ditech Networks | |||
Gerald B. Smith 1950 Trustee (Trustee of Schwab Capital Trust since 2000.) | Chairman, Chief Executive Officer and founder of Smith Graham & Co. (investment advisors). | 66 | Board 1—Lead Independent Director, Board of Cooper Industries Board 2—Director and Chairman of the Audit Committee of Oneok Partners LP Board 3—Director, Oneok, Inc. | |||
Donald R. Stephens 1938 Trustee (Trustee of Schwab Capital Trust since 1989.) | Managing Partner, D. R. Stephens & Company (investments). | 66 | None | |||
Joseph H. Wender 1944 Trustee (Trustee of Schwab Capital Trust since 2008.) | Senior Consultant, Goldman Sachs & Co., Inc., 2008 to present; Senior Director, Chairman of the Finance Committee, GSC Group, until December 2007; General Partner, Goldman Sachs & Co., Inc., until June 2005. | 66 | Board 1—Director and Chairman of the Audit Committee, Isis Pharmaceuticals | |||
Michael W. Wilsey 1943 Trustee (Trustee of Schwab Capital Trust since 1989.) | Chairman, Chief Executive Officer, Wilsey Bennett, Inc. (real estate investment and management, and other investments). | 66 | None | |||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served ) | During the Past Five Years | the Trustee | Other Directorships | |||
Charles R. Schwab2 1937 Chairman and Trustee (Chairman and Trustee of Schwab Capital Trust since 1989.) | Founded Charles Schwab & Co., Inc. in 1971 and became Chairman in 1978. Since 1986, Chairman and Director, The Charles Schwab Corporation. Since 1989, Director, Charles Schwab Investment Management, Inc., and appointed as Chairman in 1991. Since 1996, Chairman and Chief Executive Officer, Schwab (SIS) Holdings Inc. I and Schwab International Holdings, Inc. Since 1999, Director and Chief Executive Officer, Schwab Holdings, Inc. Since 2003, Chairman, Charles Schwab Bank, N. A.; Through June 2007, Director, U.S. Trust Company, N. A., U.S. Trust Corporation, United States Trust Company of New York. Until October 2008, Chief Executive Officer, The Charles Schwab Corporation, and the Charles Schwab & Co., Inc. | 66 | None | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Capital Trust since 2008.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc., principal underwriter to the Funds, and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. | 74 | None | |||
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Randall W. Merk 1954 President and Chief Executive Officer (Officer of Schwab Capital Trust since 2007.) | Executive Vice President and President, Investment Management Services, Charles Schwab & Co., Inc. (August 2004 – present); Executive Vice President, Charles Schwab & Co., Inc. (2002-present); Director, President and Chief Executive Officer, Charles Schwab Investment Management, Inc. (August 2007-present); President and Chief Executive Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Asset Management (Ireland) Limited and Charles Schwab Worldwide Funds PLC (Sept. 2002 – present). | |
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Financial Officer, Charles Schwab Investment Management, Inc. (November 2004 – present); Treasurer and Chief Financial Officer, Laudus Trust and Laudus Institutional Trust (2006 – present); Treasurer and Principal Financial Officer, Schwab Strategic Trust (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (Sept. 2002 – present); Treasurer, Chief Financial Officer and Chief Accounting Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007). | |
Jeffrey Mortimer 1963 Senior Vice President and Chief Investment Officer (Officer of Schwab Capital Trust since 2004.) | Senior Vice President and Chief Investment Officer, Charles Schwab Investment Management, Inc. (May 2004 – present); Chief Investment Officer (2004 – present), President and Chief Executive Officer (March 2008 – present), Laudus Trust and Laudus Institutional Trust); Senior Vice President and Chief Investment Officer, Schwab Strategic Trust (Oct. 2009 – present). | |
Koji E. Felton 1961 Secretary and Chief Legal Officer (Officer of Schwab Capital Trust since 1998.) | Senior Vice President, Chief Counsel and Corporate Secretary, Charles Schwab Investment Management, Inc. (July 2000 – present); Senior Vice President and Deputy General Counsel, Charles Schwab & Co., Inc. (June 1998 — present); Secretary and Chief Legal Officer, Schwab Strategic Trust (Oct. 2009 – present); Chief Legal Officer, Excelsior Funds Inc., Excelsior Tax-Exempt Funds, Inc. and Excelsior Funds Trust (June 2006 – June 2007); Chief Legal Officer, Laudus Trust and Laudus Institutional Trust (Aug. 2006 – Dec. 2006). | |
Catherine MacGregor 1964 Vice President (Officer of Schwab Capital Trust since 2005.) | Vice President, Charles Schwab & Co., Inc. and Charles Schwab Investment Management, Inc., (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer (March 2007 – present), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
Michael Haydel 1972 Vice President (Officer of Schwab Capital Trust since 2006.) | Vice President, Asset Management Client Services, Charles Schwab & Co., Inc. (2004 – present); Vice President (Sept. 2005 – present), Anti-Money Laundering Officer (Oct. 2005 – Feb. 2009), Laudus Trust and Laudus Institutional Trust; Vice President, Schwab Strategic Trust (Oct. 2009 – present). | |
1 | Trustees remain in office until they resign, retire or are removed by shareholder vote. The Schwab Funds retirement policy requires that independent trustees elected after January 1, 2000 retire at age 72 or after 20 years of service as a trustee, whichever comes first. Independent trustees elected prior to January 1, 2000 will retire on the following schedule: Messrs. Stephens and Wilsey will retire on December 31, 2010. | |
2 | Messrs. Schwab and Bettinger are Interested Trustees because they are employees of Schwab and/or the investment adviser. In addition to their employment with Schwab and/or the investment adviser, Messrs. Schwab and Bettinger also own stock of The Charles Schwab Corporation. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
THIS IS NOT PART OF THE SHAREHOLDER REPORT
• | APPLICATION AND REGISTRATION INFORMATION. |
• | TRANSACTION AND EXPERIENCE INFORMATION. |
• | WEBSITE USAGE. |
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control) |
* | SCHWAB is a registered trademark of Charles Schwab & Co., Inc. FUNDAMENTAL INDEX, FUNDAMENTAL US LARGE, FUNDAMENTAL US SMALL-MID, FUNDAMENTAL INTERNATIONAL AND FUNDAMENTAL EMERGING MARKETS are trademarks of Research Affiliates LLC. | |
1 | Investments in money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency and, although they seek to preserve the value of your investment at $1 per share, it is possible to lose money. |
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party. | |
(c) | During the period covered by the report, no amendments were made to the provisions of this code of ethics. | |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. | |
(f)(1) | Registrant has filed this code of ethics as an exhibit pursuant to Item 12(a)(1) of Form N-CSR. |
Registrant’s Board of Trustees has determined that William Hasler, Mariann Byerwalter and Donald Stephens, currently serving on its audit committee, are “audit committee financial experts,” as such term is defined in Item 3 of Form N-CSR. Each of these members of Registrant’s audit committee is “independent” under the standards set forth in Item 3 of Form N-CSR. | ||
The designation of each of Messrs. Hasler and Stephens and Ms. Byerwalter as an “audit committee financial expert” pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant’s audit committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant’s audit committee or Board of Trustees. |
Nature of these services: | review of the methodology of allocation of Charles Schwab & Co., Inc. (“Schwab”) expenses for purposes of Section 15(c) of the Investment Company Act of 1940. |
(h) | During the past fiscal year, all non-audit services provided by Registrant’s principal accountant to either Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence. |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99.1 | % | Common Stock | 721,523 | 656,986 | ||||||||
0.4 | % | Other Investment Company | 2,680 | 2,680 | ||||||||
0.2 | % | Short-Term Investments | 1,261 | 1,261 | ||||||||
99.7 | % | Total Investments | 725,464 | 660,927 | ||||||||
0.3 | % | Other Assets and Liabilities, Net | 1,975 | |||||||||
100.0 | % | Net Assets | 662,902 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 99.1% of net assets | ||||||||
Automobiles & Components 3.3% | ||||||||
American Axle & Manufacturing Holdings, Inc. | 60,660 | 363 | ||||||
ArvinMeritor, Inc. | 180,335 | 1,408 | ||||||
Autoliv, Inc. | 11,300 | 379 | ||||||
BorgWarner, Inc. | 5,750 | 174 | ||||||
Cooper Tire & Rubber Co. | 12,300 | 188 | ||||||
Exide Technologies * | 15,100 | 92 | ||||||
Federal-Mogul Corp. * | 12,400 | 138 | ||||||
Ford Motor Co. * | 1,785,874 | 12,501 | ||||||
Harley-Davidson, Inc. | 24,860 | 620 | ||||||
Johnson Controls, Inc. | 66,910 | 1,601 | ||||||
Tenneco, Inc. * | 75,960 | 1,035 | ||||||
The Goodyear Tire & Rubber Co. * | 93,990 | 1,211 | ||||||
Thor Industries, Inc. | 4,500 | 118 | ||||||
TRW Automotive Holdings Corp. * | 112,950 | 1,768 | ||||||
WABCO Holdings, Inc. | 2,886 | 68 | ||||||
21,664 | ||||||||
Banks 4.6% | ||||||||
Associated Banc-Corp. | 13,160 | 169 | ||||||
Astoria Financial Corp. | 16,655 | 166 | ||||||
BancorpSouth, Inc. | 6,945 | 157 | ||||||
Bank of Hawaii Corp. | 4,220 | 187 | ||||||
BB&T Corp. | 60,975 | 1,458 | ||||||
BOK Financial Corp. | 3,820 | 164 | ||||||
CapitalSource, Inc. | 85,200 | 303 | ||||||
City National Corp. | 5,620 | 212 | ||||||
Comerica, Inc. | 20,200 | 561 | ||||||
Commerce Bancshares, Inc. | 3,704 | 142 | ||||||
Fifth Third Bancorp | 406,390 | 3,633 | ||||||
First Horizon National Corp. * | 21,343 | 252 | ||||||
FirstMerit Corp. | 8,525 | 162 | ||||||
Fulton Financial Corp. | 20,580 | 170 | ||||||
Hudson City Bancorp, Inc. | 24,190 | 318 | ||||||
Huntington Bancshares, Inc. | 309,027 | 1,177 | ||||||
KeyCorp | 107,490 | 579 | ||||||
M&T Bank Corp. | 9,586 | 602 | ||||||
Marshall & Ilsley Corp. | 58,985 | 314 | ||||||
MGIC Investment Corp. * | 23,880 | 103 | ||||||
New York Community Bancorp, Inc. | 27,865 | 301 | ||||||
People’s United Financial, Inc. | 16,852 | 270 | ||||||
PNC Financial Services Group, Inc. | 24,445 | 1,196 | ||||||
Popular, Inc. | 103,680 | 224 | ||||||
Radian Group, Inc. | 24,230 | 140 | ||||||
Regions Financial Corp. | 316,625 | 1,532 | ||||||
SunTrust Banks, Inc. | 100,160 | 1,914 | ||||||
Susquehanna Bancshares, Inc. | 23,000 | 127 | ||||||
Synovus Financial Corp. | 67,210 | 149 | ||||||
TCF Financial Corp. | 13,665 | 162 | ||||||
The PMI Group, Inc. | 159,335 | 386 | ||||||
U.S. Bancorp | 127,300 | 2,956 | ||||||
Valley National Bancorp | 14,196 | 189 | ||||||
Washington Federal, Inc. | 8,650 | 148 | ||||||
Webster Financial Corp. | 18,625 | 211 | ||||||
Wells Fargo & Co. | 330,825 | 9,104 | ||||||
Wilmington Trust Corp. | 13,430 | 162 | ||||||
Zions Bancorp | 26,135 | 370 | ||||||
30,370 | ||||||||
Capital Goods 7.6% | ||||||||
3M Co. | 25,075 | 1,845 | ||||||
Acuity Brands, Inc. | 1,220 | 39 | ||||||
Aecom Technology Corp. * | 10,700 | 270 | ||||||
AGCO Corp. * | 6,340 | 178 | ||||||
Aircastle Ltd. | 14,800 | 117 | ||||||
Alliant Techsystems, Inc. * | 1,120 | 87 | ||||||
AMETEK, Inc. | 3,710 | 129 | ||||||
Armstrong World Industries, Inc. * | 5,250 | 196 | ||||||
BE Aerospace, Inc. * | 5,600 | 99 | ||||||
BlueLinx Holdings, Inc. * | 4,500 | 13 | ||||||
Briggs & Stratton Corp. | 5,535 | 103 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Carlisle Cos, Inc. | 2,475 | 77 | ||||||
Caterpillar, Inc. | 45,545 | 2,508 | ||||||
China BAK Battery, Inc. * | 33,500 | 110 | ||||||
China Yuchai International Ltd. | 34,400 | 368 | ||||||
Cooper Industries Ltd., Class A | 6,870 | 266 | ||||||
Crane Co. | 4,995 | 139 | ||||||
Cummins, Inc. | 10,984 | 473 | ||||||
Danaher Corp. | 4,350 | 297 | ||||||
Deere & Co. | 22,586 | 1,029 | ||||||
Donaldson Co., Inc. | 7,900 | 282 | ||||||
Dover Corp. | 7,375 | 278 | ||||||
Eaton Corp. | 10,660 | 644 | ||||||
EMCOR Group, Inc. * | 5,240 | 124 | ||||||
Emerson Electric Co. | 29,350 | 1,108 | ||||||
Fastenal Co. | 7,320 | 253 | ||||||
Flowserve Corp. | 3,025 | 297 | ||||||
Fluor Corp. | 6,370 | 283 | ||||||
Foster Wheeler AG * | 3,770 | 105 | ||||||
Gardner Denver, Inc. * | 2,200 | 79 | ||||||
GATX Corp. | 2,935 | 80 | ||||||
GenCorp, Inc. * | 124,000 | 923 | ||||||
General Cable Corp. * | 3,400 | 106 | ||||||
General Dynamics Corp. | 15,325 | 961 | ||||||
General Electric Co. | 980,225 | 13,978 | ||||||
Goodrich Corp. | 4,655 | 253 | ||||||
Granite Construction, Inc. | 2,300 | 66 | ||||||
Harsco Corp. | 4,435 | 140 | ||||||
Honeywell International, Inc. | 32,740 | 1,175 | ||||||
Hubbell, Inc., Class B | 2,830 | 120 | ||||||
Illinois Tool Works, Inc. | 18,470 | 848 | ||||||
Ingersoll-Rand plc | 24,442 | 772 | ||||||
ITT Corp. | 4,855 | 246 | ||||||
Jacobs Engineering Group, Inc. * | 4,640 | 196 | ||||||
Joy Global, Inc. | 4,000 | 202 | ||||||
KBR, Inc. | 11,900 | 244 | ||||||
Kennametal, Inc. | 4,440 | 105 | ||||||
L-3 Communications Holdings, Inc. | 3,335 | 241 | ||||||
Lennox International, Inc. | 2,435 | 82 | ||||||
Lincoln Electric Holdings, Inc. | 1,100 | 52 | ||||||
Lockheed Martin Corp. | 13,135 | 904 | ||||||
Masco Corp. | 75,150 | 883 | ||||||
McDermott International, Inc. * | 5,810 | 129 | ||||||
MSC Industrial Direct Co., Inc., Class A | 6,925 | 298 | ||||||
Mueller Industries, Inc. | 2,830 | 67 | ||||||
Mueller Water Products, Inc., Class A | 19,700 | 88 | ||||||
Navistar International Corp. * | 5,500 | 182 | ||||||
Northrop Grumman Corp. | 24,295 | 1,218 | ||||||
Oshkosh Corp. | 19,120 | 598 | ||||||
Owens Corning, Inc. * | 16,450 | 364 | ||||||
PACCAR, Inc. | 20,242 | 757 | ||||||
Pall Corp. | 8,840 | 281 | ||||||
Parker Hannifin Corp. | 8,717 | 462 | ||||||
Pentair, Inc. | 4,850 | 141 | ||||||
Precision Castparts Corp. | 3,716 | 355 | ||||||
Quanta Services, Inc. * | 13,000 | 276 | ||||||
Raytheon Co. | 14,110 | 639 | ||||||
Rockwell Automation, Inc. | 6,750 | 276 | ||||||
Rockwell Collins, Inc. | 4,230 | 213 | ||||||
Roper Industries, Inc. | 6,000 | 303 | ||||||
RSC Holdings, Inc. * | 12,400 | 84 | ||||||
Seaboard Corp. | 27 | 36 | ||||||
Snap-on, Inc. | 8,030 | 293 | ||||||
Spirit AeroSystems Holdings, Inc., Class A * | 7,300 | 116 | ||||||
SPX Corp. | 1,835 | 97 | ||||||
Terex Corp. * | 23,125 | 468 | ||||||
Textron, Inc. | 56,720 | 1,008 | ||||||
The Boeing Co. | 37,240 | 1,780 | ||||||
The Manitowoc Co., Inc. | 14,700 | 134 | ||||||
The Shaw Group, Inc. * | 4,140 | 106 | ||||||
The Stanley Works | 3,840 | 174 | ||||||
The Timken Co. | 7,665 | 169 | ||||||
Thomas & Betts Corp. * | 2,200 | 75 | ||||||
Trinity Industries, Inc. | 7,925 | 134 | ||||||
Tyco International Ltd. | 48,365 | 1,623 | ||||||
United Rentals, Inc. * | 40,700 | 386 | ||||||
United Technologies Corp. | 34,215 | 2,102 | ||||||
URS Corp. * | 3,993 | 155 | ||||||
USG Corp. * | 17,425 | 229 | ||||||
W.W. Grainger, Inc. | 3,035 | 284 | ||||||
WESCO International, Inc. * | 5,000 | 128 | ||||||
50,601 | ||||||||
Commercial & Professional Supplies 0.6% | ||||||||
Avery Dennison Corp. | 7,450 | 266 | ||||||
Cintas Corp. | 3,450 | 96 | ||||||
Corrections Corp. of America * | 3,690 | 88 | ||||||
Covanta Holding Corp. * | 14,015 | 241 | ||||||
Deluxe Corp. | 5,245 | 75 | ||||||
Equifax, Inc. | 3,630 | 99 | ||||||
HNI Corp. | 5,020 | 132 | ||||||
Iron Mountain, Inc. * | 4,955 | 121 | ||||||
Kelly Services, Inc., Class A | 5,340 | 59 | ||||||
Manpower, Inc. | 9,045 | 429 | ||||||
MPS Group, Inc. * | 7,800 | 105 | ||||||
Pitney Bowes, Inc. | 8,705 | 213 | ||||||
R.R. Donnelley & Sons Co. | 35,940 | 722 | ||||||
Republic Services, Inc. | 4,324 | 112 | ||||||
Robert Half International, Inc. | 5,910 | 137 | ||||||
Steelcase, Inc., Class A | 16,375 | 94 | ||||||
The Brink’s Co. | 2,820 | 67 | ||||||
The Dun & Bradstreet Corp. | 3,900 | 299 | ||||||
United Stationers, Inc. * | 2,925 | 138 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Volt Information Sciences, Inc. * | 23,500 | 191 | ||||||
Waste Management, Inc. | 19,355 | 578 | ||||||
4,262 | ||||||||
Consumer Durables & Apparel 1.7% | ||||||||
Beazer Homes USA, Inc. * | 147,735 | 649 | ||||||
Brunswick Corp. | 27,070 | 257 | ||||||
Coach, Inc. | 7,475 | 246 | ||||||
D.R. Horton, Inc. | 25,490 | 279 | ||||||
Eastman Kodak Co. | 61,140 | 229 | ||||||
Fortune Brands, Inc. | 12,800 | 499 | ||||||
Furniture Brands International, Inc. * | 32,900 | 140 | ||||||
Garmin Ltd. | 4,770 | 144 | ||||||
Hanesbrands, Inc. * | 11,900 | 257 | ||||||
Harman International Industries, Inc. | 9,220 | 347 | ||||||
Hasbro, Inc. | 10,865 | 296 | ||||||
Hovnanian Enterprises, Inc., Class A * | 73,570 | 288 | ||||||
Jarden Corp. | 8,777 | 240 | ||||||
Jones Apparel Group, Inc. | 46,775 | 837 | ||||||
KB HOME | 12,960 | 184 | ||||||
Leggett & Platt, Inc. | 10,020 | 194 | ||||||
Lennar Corp., Class A | 33,500 | 422 | ||||||
Liz Claiborne, Inc. | 29,245 | 168 | ||||||
M.D.C. Holdings, Inc. | 8,535 | 278 | ||||||
Mattel, Inc. | 16,235 | 307 | ||||||
Mohawk Industries, Inc. * | 11,535 | 494 | ||||||
Newell Rubbermaid, Inc. | 30,850 | 448 | ||||||
NIKE, Inc., Class B | 9,028 | 561 | ||||||
NVR, Inc. * | 703 | 466 | ||||||
Polo Ralph Lauren Corp. | 2,720 | 202 | ||||||
Pulte Homes, Inc. | 53,152 | 479 | ||||||
Quiksilver, Inc. * | 88,250 | 176 | ||||||
Standard Pacific Corp. * | 59,055 | 177 | ||||||
The Black & Decker Corp. | 6,030 | 285 | ||||||
The Ryland Group, Inc. | 12,435 | 231 | ||||||
Toll Brothers, Inc. * | 7,595 | 131 | ||||||
VF Corp. | 4,545 | 323 | ||||||
Whirlpool Corp. | 15,255 | 1,092 | ||||||
11,326 | ||||||||
Consumer Services 1.1% | ||||||||
Apollo Group, Inc., Class A * | 3,125 | 178 | ||||||
Boyd Gaming Corp. * | 14,225 | 105 | ||||||
Brinker International, Inc. | 6,855 | 87 | ||||||
Burger King Holdings, Inc. | 15,940 | 273 | ||||||
Career Education Corp. * | 2,035 | 42 | ||||||
Carnival Corp. | 33,445 | 974 | ||||||
Darden Restaurants, Inc. | 3,745 | 113 | ||||||
Domino’s Pizza, Inc. * | 10,300 | 76 | ||||||
H&R Block, Inc. | 6,365 | 117 | ||||||
International Game Technology | 12,455 | 222 | ||||||
Jack in the Box, Inc. * | 3,240 | 61 | ||||||
Las Vegas Sands Corp. * | 33,470 | 505 | ||||||
Marriott International, Inc., Class A | 15,337 | 384 | ||||||
McDonald’s Corp. | 18,080 | 1,060 | ||||||
MGM MIRAGE * | 73,315 | 680 | ||||||
Penn National Gaming, Inc. * | 2,140 | 54 | ||||||
Regis Corp. | 3,375 | 55 | ||||||
Royal Caribbean Cruises Ltd. * | 19,905 | 403 | ||||||
Service Corp. International | 17,000 | 117 | ||||||
Starbucks Corp. * | 27,690 | 525 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 17,370 | 505 | ||||||
Wyndham Worldwide Corp. | 39,640 | 676 | ||||||
Wynn Resorts Ltd. * | 2,500 | 135 | ||||||
Yum! Brands, Inc. | 7,330 | 241 | ||||||
7,588 | ||||||||
Diversified Financials 20.4% | ||||||||
Affiliated Managers Group, Inc. * | 13,800 | 876 | ||||||
Allied Capital Corp. | 274,600 | 857 | ||||||
American Capital Ltd. * | 460,473 | 1,234 | ||||||
American Express Co. | 127,725 | 4,450 | ||||||
AmeriCredit Corp. * | 66,220 | 1,169 | ||||||
Ameriprise Financial, Inc. | 29,100 | 1,009 | ||||||
Apollo Investment Corp. | 100,314 | 903 | ||||||
Bank of America Corp. | 2,027,760 | 29,565 | ||||||
Bank of New York Mellon Corp. | 77,452 | 2,065 | ||||||
Capital One Financial Corp. | 105,410 | 3,858 | ||||||
CIT Group, Inc. | 532,305 | 383 | ||||||
Citigroup, Inc. | 7,772,235 | 31,788 | ||||||
CME Group, Inc. | 3,820 | 1,156 | ||||||
CompuCredit Holdings Corp. * | 53,600 | 176 | ||||||
Discover Financial Services | 110,922 | 1,568 | ||||||
E*TRADE Financial Corp. * | 700,375 | 1,023 | ||||||
Federated Investors, Inc., Class B | 30,030 | 788 | ||||||
Franklin Resources, Inc. | 13,340 | 1,396 | ||||||
Interactive Brokers Group, Inc., Class A * | 43,200 | 692 | ||||||
Invesco Ltd. | 394,000 | 8,333 | ||||||
Janus Capital Group, Inc. | 64,665 | 848 | ||||||
JPMorgan Chase & Co. | 293,142 | 12,245 | ||||||
KKR Financial Holdings LLC * | 242,500 | 1,111 | ||||||
Legg Mason, Inc. | 42,820 | 1,246 | ||||||
Leucadia National Corp. * | 37,000 | 831 | ||||||
MF Global Ltd. * | 77,700 | 553 | ||||||
Moody’s Corp. | 39,770 | 942 | ||||||
Morgan Stanley | 156,635 | 5,031 | ||||||
MSCI, Inc., Class A * | 32,100 | 976 | ||||||
Northern Trust Corp. | 18,460 | 928 | ||||||
NYSE Euronext | 41,820 | 1,081 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Och-Ziff Capital Management Group, Class A | 37,000 | 449 | ||||||
PHH Corp. * | 54,690 | 884 | ||||||
Raymond James Financial, Inc. | 38,435 | 907 | ||||||
SEI Investments Co. | 39,000 | 681 | ||||||
SLM Corp. * | 150,435 | 1,459 | ||||||
State Street Corp. | 42,736 | 1,794 | ||||||
T. Rowe Price Group, Inc. | 23,545 | 1,147 | ||||||
TD Ameritrade Holding Corp. * | 71,070 | 1,372 | ||||||
The Charles Schwab Corp. (b) | 58,915 | 1,022 | ||||||
The Goldman Sachs Group, Inc. | 33,211 | 5,651 | ||||||
The NASDAQ OMX Group, Inc. * | 38,930 | 703 | ||||||
The Student Loan Corp. | 3,208 | 135 | ||||||
135,285 | ||||||||
Energy 7.5% | ||||||||
Alon USA Energy, Inc. | 1,400 | 12 | ||||||
Alpha Natural Resources, Inc. * | 4,336 | 147 | ||||||
Anadarko Petroleum Corp. | 20,715 | 1,262 | ||||||
Apache Corp. | 11,320 | 1,065 | ||||||
Arch Coal, Inc. | 13,300 | 288 | ||||||
Baker Hughes, Inc. | 12,675 | 533 | ||||||
BJ Services Co. | 13,570 | 261 | ||||||
Cameron International Corp. * | 5,480 | 203 | ||||||
Chesapeake Energy Corp. | 29,220 | 716 | ||||||
Chevron Corp. | 93,005 | 7,119 | ||||||
Cimarex Energy Co. | 3,845 | 151 | ||||||
CNX Gas Corp. * | 9,600 | 267 | ||||||
Complete Production Services, Inc. * | 16,000 | 152 | ||||||
ConocoPhillips | 107,910 | 5,415 | ||||||
CONSOL Energy, Inc. | 6,735 | 288 | ||||||
Continental Resources, Inc. * | 7,900 | 294 | ||||||
CVR Energy, Inc. * | 4,100 | 43 | ||||||
Delek US Holdings, Inc. | 2,000 | 13 | ||||||
Denbury Resources, Inc. * | 18,500 | 270 | ||||||
Devon Energy Corp. | 20,270 | 1,312 | ||||||
Diamond Offshore Drilling, Inc. | 1,220 | 116 | ||||||
El Paso Corp. | 33,120 | 325 | ||||||
ENSCO International, Inc. | 4,530 | 207 | ||||||
EOG Resources, Inc. | 6,350 | 519 | ||||||
Exterran Holdings, Inc. * | 6,100 | 125 | ||||||
Exxon Mobil Corp. | 145,370 | 10,419 | ||||||
FMC Technologies, Inc. * | 2,040 | 107 | ||||||
Forest Oil Corp. * | 8,050 | 158 | ||||||
Frontier Oil Corp. | 4,830 | 67 | ||||||
General Maritime Corp. | 8,384 | 58 | ||||||
Halliburton Co. | 35,965 | 1,051 | ||||||
Helix Energy Solutions Group, Inc. * | 30,900 | 424 | ||||||
Helmerich & Payne, Inc. | 7,995 | 304 | ||||||
Hercules Offshore, Inc. * | 34,000 | 174 | ||||||
Hess Corp. | 10,950 | 599 | ||||||
Holly Corp. | 2,000 | 58 | ||||||
Key Energy Services, Inc. * | 18,600 | 136 | ||||||
Linn Energy L.L.C. | 12,200 | 299 | ||||||
Marathon Oil Corp. | 54,790 | 1,752 | ||||||
Mariner Energy, Inc. * | 5,900 | 75 | ||||||
Massey Energy Co. | 4,440 | 129 | ||||||
Murphy Oil Corp. | 6,075 | 371 | ||||||
Nabors Industries Ltd. * | 24,300 | 506 | ||||||
National-Oilwell Varco, Inc. * | 10,723 | 440 | ||||||
Newfield Exploration Co. * | 8,000 | 328 | ||||||
Noble Corp. | 7,120 | 290 | ||||||
Noble Energy, Inc. | 3,735 | 245 | ||||||
Occidental Petroleum Corp. | 15,270 | 1,159 | ||||||
Oil States International, Inc. * | 1,500 | 52 | ||||||
Overseas Shipholding Group, Inc. | 1,320 | 52 | ||||||
Patterson-UTI Energy, Inc. | 8,600 | 134 | ||||||
Peabody Energy Corp. | 5,445 | 216 | ||||||
Petrohawk Energy Corp. * | 12,100 | 285 | ||||||
Pioneer Drilling Co. * | 19,300 | 129 | ||||||
Pioneer Natural Resources Co. | 6,450 | 265 | ||||||
Plains Exploration & Production Co. * | 5,100 | 135 | ||||||
Pride International, Inc. * | 7,165 | 212 | ||||||
Range Resources Corp. | 6,100 | 305 | ||||||
Rowan Cos., Inc. | 5,400 | 126 | ||||||
SandRidge Energy, Inc. * | 5,500 | 56 | ||||||
Schlumberger Ltd. | 25,370 | 1,578 | ||||||
SEACOR Holdings, Inc. * | 100 | 8 | ||||||
Seahawk Drilling, Inc. * | 477 | 13 | ||||||
Ship Finance International Ltd. | 6,918 | 79 | ||||||
Smith International, Inc. | 8,140 | 226 | ||||||
Southern Union Co. | 14,880 | 291 | ||||||
Southwestern Energy Co. * | 2,840 | 124 | ||||||
Spectra Energy Corp. | 35,460 | 678 | ||||||
Stone Energy Corp. * | 14,500 | 222 | ||||||
Sunoco, Inc. | 10,690 | 329 | ||||||
Superior Energy Services, Inc. * | 3,300 | 71 | ||||||
Teekay Corp. | 5,840 | 121 | ||||||
Tesoro Corp. | 14,360 | 203 | ||||||
The Williams Cos., Inc. | 35,175 | 663 | ||||||
Tidewater, Inc. | 2,120 | 88 | ||||||
Unit Corp. * | 2,010 | 79 | ||||||
USEC, Inc. * | 8,500 | 33 | ||||||
Valero Energy Corp. | 73,525 | 1,331 | ||||||
Weatherford International Ltd. * | 20,390 | 357 | ||||||
Western Refining, Inc. * | 3,050 | 17 | ||||||
Whiting Petroleum Corp. * | 4,900 | 276 | ||||||
World Fuel Services Corp. | 2,400 | 122 | ||||||
XTO Energy, Inc. | 10,725 | 446 | ||||||
49,574 | ||||||||
Food & Staples Retailing 2.0% | ||||||||
BJ’s Wholesale Club, Inc. * | 3,770 | 132 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Casey’s General Stores, Inc. | 8,900 | 281 | ||||||
Costco Wholesale Corp. | 22,415 | 1,274 | ||||||
CVS Caremark Corp. | 46,335 | 1,636 | ||||||
Nash Finch Co. | 1,830 | 53 | ||||||
Ruddick Corp. | 2,335 | 62 | ||||||
Safeway, Inc. | 35,140 | 785 | ||||||
SUPERVALU, Inc. | 27,120 | 430 | ||||||
Sysco Corp. | 28,840 | 763 | ||||||
The Great Atlantic & Pacific Tea Co., Inc. * | 27,900 | 277 | ||||||
The Kroger Co. | 46,920 | 1,085 | ||||||
The Pantry, Inc. * | 3,920 | 55 | ||||||
Wal-Mart Stores, Inc. | 96,125 | 4,776 | ||||||
Walgreen Co. | 40,770 | 1,542 | ||||||
Whole Foods Market, Inc. * | 9,550 | 306 | ||||||
Winn-Dixie Stores, Inc. * | 9,800 | 109 | ||||||
13,566 | ||||||||
Food, Beverage & Tobacco 3.5% | ||||||||
Altria Group, Inc. | 200,280 | 3,627 | ||||||
Archer-Daniels-Midland Co. | 33,505 | 1,009 | ||||||
Brown-Forman Corp., Class B | 6,300 | 307 | ||||||
Bunge Ltd. | 10,875 | 621 | ||||||
Campbell Soup Co. | 6,630 | 210 | ||||||
Chiquita Brands International, Inc. * | 9,900 | 160 | ||||||
Coca-Cola Enterprises, Inc. | 26,395 | 503 | ||||||
ConAgra Foods, Inc. | 28,205 | 592 | ||||||
Constellation Brands, Inc., Class A * | 10,105 | 160 | ||||||
Corn Products International, Inc. | 2,800 | 79 | ||||||
Cosan Ltd., Class A * | 11,900 | 79 | ||||||
Dean Foods Co. * | 42,890 | 782 | ||||||
Del Monte Foods Co. | 10,030 | 108 | ||||||
Dr. Pepper Snapple Group, Inc. * | 19,400 | 529 | ||||||
Fresh Del Monte Produce, Inc. * | 3,340 | 73 | ||||||
General Mills, Inc. | 9,505 | 627 | ||||||
H.J. Heinz Co. | 10,575 | 426 | ||||||
Hormel Foods Corp. | 8,360 | 305 | ||||||
Kellogg Co. | 5,980 | 308 | ||||||
Kraft Foods, Inc., Class A | 69,392 | 1,910 | ||||||
Lorillard, Inc. | 7,618 | 592 | ||||||
McCormick & Co., Inc. | 2,440 | 85 | ||||||
Molson Coors Brewing Co., Class B | 6,980 | 342 | ||||||
PepsiAmericas, Inc. | 4,080 | 119 | ||||||
PepsiCo, Inc. | 32,330 | 1,958 | ||||||
Philip Morris International, Inc. | 38,820 | 1,839 | ||||||
Ralcorp Holdings, Inc. * | 1,000 | 54 | ||||||
Reynolds American, Inc. | 10,975 | 532 | ||||||
Sara Lee Corp. | 56,150 | 634 | ||||||
Smithfield Foods, Inc. * | 33,206 | 443 | ||||||
The Coca-Cola Co. | 44,865 | 2,392 | ||||||
The Hershey Co. | 3,950 | 149 | ||||||
The J.M. Smucker Co. | 5,525 | 291 | ||||||
The Pepsi Bottling Group, Inc. | 9,735 | 364 | ||||||
Tyson Foods, Inc., Class A | 50,780 | 636 | ||||||
Universal Corp. | 3,220 | 134 | ||||||
22,979 | ||||||||
Health Care Equipment & Services 3.2% | ||||||||
Aetna, Inc. | 19,860 | 517 | ||||||
Alcon, Inc. | 6,195 | 885 | ||||||
AMERIGROUP Corp. * | 2,200 | 48 | ||||||
AmerisourceBergen Corp. | 42,840 | 949 | ||||||
Baxter International, Inc. | 9,360 | 506 | ||||||
Beckman Coulter, Inc. | 3,820 | 246 | ||||||
Becton Dickinson & Co. | 4,755 | 325 | ||||||
Boston Scientific Corp. * | 79,665 | 647 | ||||||
Brookdale Senior Living, Inc. * | 12,600 | 212 | ||||||
C.R. Bard, Inc. | 3,700 | 278 | ||||||
Cardinal Health, Inc. | 34,920 | 990 | ||||||
CareFusion Corp. * | 13,910 | 311 | ||||||
Cerner Corp. * | 1,505 | 114 | ||||||
CIGNA Corp. | 24,809 | 691 | ||||||
Community Health Systems, Inc. * | 6,550 | 205 | ||||||
Coventry Health Care, Inc. * | 14,750 | 292 | ||||||
Covidien plc | 13,470 | 567 | ||||||
DaVita, Inc. * | 5,280 | 280 | ||||||
DENTSPLY International, Inc. | 9,135 | 301 | ||||||
Express Scripts, Inc. * | 6,520 | 521 | ||||||
Health Management Associates, Inc., Class A * | 106,495 | 650 | ||||||
Health Net, Inc. * | 13,470 | 201 | ||||||
Henry Schein, Inc. * | 2,130 | 113 | ||||||
Hill-Rom Holdings, Inc. | 6,000 | 118 | ||||||
Hologic, Inc. * | 8,200 | 121 | ||||||
Hospira, Inc. * | 3,850 | 172 | ||||||
Humana, Inc. * | 16,440 | 618 | ||||||
IMS Health, Inc. | 3,640 | 60 | ||||||
Inverness Medical Innovations, Inc. * | 2,200 | 84 | ||||||
Kindred Healthcare, Inc. * | 4,600 | 68 | ||||||
Kinetic Concepts, Inc. * | 2,300 | 76 | ||||||
Laboratory Corp. of America Holdings * | 2,330 | 160 | ||||||
LifePoint Hospitals, Inc. * | 3,830 | 108 | ||||||
Lincare Holdings, Inc. * | 2,935 | 92 | ||||||
Magellan Health Services, Inc. * | 2,000 | 64 | ||||||
McKesson Corp. | 25,500 | 1,498 | ||||||
Medco Health Solutions, Inc. * | 18,610 | 1,044 | ||||||
Medtronic, Inc. | 23,165 | 827 | ||||||
Omnicare, Inc. | 4,110 | 89 | ||||||
Owens & Minor, Inc. | 1,335 | 55 | ||||||
Patterson Cos., Inc. * | 5,475 | 140 | ||||||
Quest Diagnostics, Inc. | 3,355 | 188 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
St. Jude Medical, Inc. * | 4,360 | 149 | ||||||
Stryker Corp. | 4,845 | 223 | ||||||
Sunrise Senior Living, Inc. * | 101,000 | 420 | ||||||
Teleflex, Inc. | 220 | 11 | ||||||
Tenet Healthcare Corp. * | 163,175 | 835 | ||||||
UnitedHealth Group, Inc. | 66,675 | 1,730 | ||||||
Universal American Financial Corp. * | 6,000 | 60 | ||||||
Universal Health Services, Inc., Class B | 2,825 | 157 | ||||||
Varian Medical Systems, Inc. * | 7,020 | 288 | ||||||
WellPoint, Inc. * | 40,470 | 1,892 | ||||||
Zimmer Holdings, Inc. * | 6,040 | 317 | ||||||
21,513 | ||||||||
Household & Personal Products 1.2% | ||||||||
Alberto-Culver Co. | 1,870 | 50 | ||||||
Avon Products, Inc. | 14,225 | 456 | ||||||
Bare Escentuals, Inc. * | 19,400 | 245 | ||||||
Church & Dwight Co., Inc. | 3,700 | 210 | ||||||
Colgate-Palmolive Co. | 7,930 | 624 | ||||||
Energizer Holdings, Inc. * | 2,720 | 166 | ||||||
Kimberly-Clark Corp. | 13,520 | 827 | ||||||
NBTY, Inc. * | 3,500 | 127 | ||||||
The Clorox Co. | 2,710 | 160 | ||||||
The Estee Lauder Cos., Inc., Class A | 6,460 | 275 | ||||||
The Procter & Gamble Co. | 77,195 | 4,477 | ||||||
7,617 | ||||||||
Insurance 7.1% | ||||||||
Aflac, Inc. | 28,940 | 1,201 | ||||||
Alleghany Corp. * | 204 | 51 | ||||||
Allied World Assurance Co. Holdings Ltd. | 1,540 | 69 | ||||||
American Financial Group, Inc. | 5,340 | 131 | ||||||
American International Group, Inc. * | 115,080 | 3,869 | ||||||
American National Insurance Co. | 1,100 | 92 | ||||||
Aon Corp. | 6,060 | 233 | ||||||
Arch Capital Group Ltd. * | 2,225 | 150 | ||||||
Arthur J. Gallagher & Co. | 10,740 | 240 | ||||||
Aspen Insurance Holdings Ltd. | 3,225 | 83 | ||||||
Assurant, Inc. | 7,755 | 232 | ||||||
Axis Capital Holdings Ltd. | 5,950 | 172 | ||||||
Baldwin & Lyons, Inc., Class B | 4,000 | 91 | ||||||
Berkshire Hathaway, Inc., Class A * | 33 | 3,267 | ||||||
Berkshire Hathaway, Inc., Class B * | 490 | 1,609 | ||||||
Cincinnati Financial Corp. | 9,080 | 230 | ||||||
CNA Financial Corp. * | 5,500 | 120 | ||||||
Conseco, Inc. * | 172,200 | 897 | ||||||
Endurance Specialty Holdings Ltd. | 2,330 | 84 | ||||||
Erie Indemnity Co., Class A | 825 | 29 | ||||||
Everest Re Group Ltd. | 2,925 | 256 | ||||||
Fidelity National Financial, Inc., Class A | 24,825 | 337 | ||||||
First American Corp. | 6,360 | 193 | ||||||
Genworth Financial, Inc., Class A * | 491,900 | 5,224 | ||||||
Hanover Insurance Group, Inc. | 2,030 | 85 | ||||||
HCC Insurance Holdings, Inc. | 10,235 | 270 | ||||||
Lincoln National Corp. | 61,880 | 1,475 | ||||||
Loews Corp. | 33,782 | 1,118 | ||||||
Markel Corp. * | 613 | 198 | ||||||
Marsh & McLennan Cos., Inc. | 27,650 | 649 | ||||||
MBIA, Inc. * | 37,710 | 153 | ||||||
Mercury General Corp. | 2,430 | 89 | ||||||
MetLife, Inc. | 79,805 | 2,716 | ||||||
Montpelier Re Holdings Ltd. | 8,180 | 132 | ||||||
Old Republic International Corp. | 13,960 | 149 | ||||||
OneBeacon Insurance Group Ltd., Class A | 6,900 | 82 | ||||||
PartnerRe Ltd. | 2,330 | 178 | ||||||
Platinum Underwriters Holdings Ltd. | 2,100 | 75 | ||||||
Principal Financial Group, Inc. | 54,785 | 1,372 | ||||||
Protective Life Corp. | 38,465 | 740 | ||||||
Prudential Financial, Inc. | 74,240 | 3,358 | ||||||
Reinsurance Group of America, Inc. | 7,000 | 323 | ||||||
RenaissanceRe Holdings Ltd. | 2,125 | 112 | ||||||
StanCorp Financial Group, Inc. | 4,225 | 155 | ||||||
The Allstate Corp. | 61,855 | 1,829 | ||||||
The Chubb Corp. | 10,675 | 518 | ||||||
The Hartford Financial Services Group, Inc. | 212,410 | 5,208 | ||||||
The Phoenix Cos., Inc. * | 175,980 | 560 | ||||||
The Progressive Corp. * | 36,245 | 580 | ||||||
The Travelers Cos., Inc. | 36,695 | 1,827 | ||||||
Torchmark Corp. | 6,040 | 245 | ||||||
Transatlantic Holdings, Inc. | 2,525 | 127 | ||||||
Unitrin, Inc. | 10,050 | 197 | ||||||
Unum Group | 31,525 | 629 | ||||||
Validus Holdings Ltd. | 10,783 | 273 | ||||||
W. R. Berkley Corp. | 6,560 | 162 | ||||||
Wesco Financial Corp. | 57 | 19 | ||||||
White Mountains Insurance Group Ltd. | 529 | 164 | ||||||
Willis Group Holdings Ltd. | 3,945 | 106 | ||||||
XL Capital Ltd., Class A | 122,485 | 2,010 | ||||||
46,743 | ||||||||
Materials 4.7% | ||||||||
Air Products & Chemicals, Inc. | 8,075 | 623 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Airgas, Inc. | 5,900 | 262 | ||||||
AK Steel Holding Corp. | 24,345 | 386 | ||||||
Albemarle Corp. | 3,700 | 117 | ||||||
Alcoa, Inc. | 170,205 | 2,114 | ||||||
Allegheny Technologies, Inc. | 5,211 | 161 | ||||||
Ashland, Inc. | 37,835 | 1,307 | ||||||
Ball Corp. | 2,240 | 110 | ||||||
Bemis Co., Inc. | 4,355 | 112 | ||||||
Boise, Inc. * | 141,000 | 674 | ||||||
Cabot Corp. | 4,030 | 88 | ||||||
Celanese Corp., Series A | 11,000 | 302 | ||||||
CF Industries Holdings, Inc. | 2,400 | 200 | ||||||
Cliffs Natural Resources, Inc. | 6,300 | 224 | ||||||
Commercial Metals Co. | 10,345 | 154 | ||||||
Crown Holdings, Inc. * | 5,620 | 150 | ||||||
Cytec Industries, Inc. | 1,720 | 57 | ||||||
Domtar Corp. * | 23,591 | 988 | ||||||
E.I. du Pont de Nemours & Co. | 57,645 | 1,834 | ||||||
Eastman Chemical Co. | 7,860 | 413 | ||||||
Ecolab, Inc. | 4,560 | 200 | ||||||
FMC Corp. | 5,340 | 273 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 19,085 | 1,400 | ||||||
Graphic Packaging Holding Co. * | 27,395 | 63 | ||||||
Greif, Inc., Class A | 1,212 | 65 | ||||||
Huntsman Corp. | 51,915 | 413 | ||||||
International Flavors & Fragrances, Inc. | 8,035 | 306 | ||||||
International Paper Co. | 109,595 | 2,445 | ||||||
Louisiana-Pacific Corp. * | 59,985 | 315 | ||||||
Martin Marietta Materials, Inc. | 1,110 | 92 | ||||||
MeadWestvaco Corp. | 22,640 | 517 | ||||||
Monsanto Co. | 6,195 | 416 | ||||||
Nalco Holding Co. | 8,370 | 177 | ||||||
Newmont Mining Corp. | 6,110 | 266 | ||||||
Nucor Corp. | 16,980 | 677 | ||||||
Olin Corp. | 4,855 | 74 | ||||||
Owens-Illinois, Inc. * | 9,245 | 295 | ||||||
Packaging Corp. of America | 5,445 | 100 | ||||||
Pactiv Corp. * | 6,060 | 140 | ||||||
PolyOne Corp. * | 25,500 | 142 | ||||||
PPG Industries, Inc. | 9,300 | 525 | ||||||
Praxair, Inc. | 6,785 | 539 | ||||||
Reliance Steel & Aluminum Co. | 4,120 | 150 | ||||||
Rockwood Holdings, Inc. * | 12,300 | 245 | ||||||
RPM International, Inc. | 7,465 | 132 | ||||||
Sealed Air Corp. | 8,875 | 171 | ||||||
Sigma-Aldrich Corp. | 2,530 | 131 | ||||||
Silgan Holdings, Inc. | 620 | 33 | ||||||
Sonoco Products Co. | 6,255 | 167 | ||||||
Southern Copper Corp. | 10,365 | 326 | ||||||
Steel Dynamics, Inc. | 13,650 | 183 | ||||||
Temple-Inland, Inc. | 38,245 | 591 | ||||||
Terra Industries, Inc. | 7,800 | 248 | ||||||
The Dow Chemical Co. | 264,000 | 6,199 | ||||||
The Lubrizol Corp. | 3,535 | 235 | ||||||
The Mosaic Co. | 3,110 | 145 | ||||||
The Scotts Miracle-Gro Co., Class A | 7,320 | 297 | ||||||
The Valspar Corp. | 4,050 | 103 | ||||||
United States Steel Corp. | 25,095 | 866 | ||||||
Vulcan Materials Co. | 4,223 | 194 | ||||||
Westlake Chemical Corp. | 2,600 | 63 | ||||||
Weyerhaeuser Co. | 26,280 | 955 | ||||||
Worthington Industries, Inc. | 7,065 | 78 | ||||||
31,228 | ||||||||
Media 3.6% | ||||||||
Belo Corp., Class A | 93,380 | 439 | ||||||
Cablevision Systems Corp., Class A | 4,865 | 112 | ||||||
CBS Corp., Class B | 208,990 | 2,460 | ||||||
Central European Media Enterprises Ltd., Class A * | 6,300 | 158 | ||||||
Cinemark Holdings, Inc. | 5,400 | 63 | ||||||
Clear Channel Outdoor Holdings, Inc., Class A * | 32,770 | 223 | ||||||
Comcast Corp., Class A | 106,240 | 1,540 | ||||||
Comcast Corp., Special Class A | 41,320 | 579 | ||||||
Discovery Communications, Inc., Class A * | 10,167 | 280 | ||||||
Discovery Communications, Inc., Class C * | 4,407 | 106 | ||||||
DISH Network Corp., Class A * | 24,770 | 431 | ||||||
Emmis Communications Corp., Class A * | 50,000 | 51 | ||||||
Gannett Co., Inc. | 138,330 | 1,358 | ||||||
Interactive Data Corp. | 2,000 | 53 | ||||||
Lamar Advertising Co., Class A * | 21,220 | 516 | ||||||
Liberty Global, Inc., Class A * | 11,610 | 238 | ||||||
Liberty Global, Inc., Class C * | 11,270 | 232 | ||||||
Liberty Media Corp. — Capital, Class A * | 54,517 | 1,128 | ||||||
Live Nation, Inc. * | 16,545 | 110 | ||||||
Meredith Corp. | 3,300 | 89 | ||||||
News Corp., Class A | 144,920 | 1,669 | ||||||
News Corp., Class B | 31,290 | 426 | ||||||
Omnicom Group, Inc. | 13,804 | 473 | ||||||
RCN Corp. * | 22,000 | 183 | ||||||
Regal Entertainment Group, Class A | 17,685 | 223 | ||||||
Scholastic Corp. | 4,500 | 112 | ||||||
Scripps Networks Interactive, Class A | 3,245 | 123 | ||||||
The DIRECTV Group, Inc. * | 14,240 | 375 | ||||||
The E.W. Scripps Co., Class A * | 79,815 | 508 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
The Interpublic Group of Cos., Inc. * | 32,005 | 193 | ||||||
The McClatchy Co., Class A | 110,380 | 311 | ||||||
The McGraw-Hill Cos., Inc. | 10,180 | 293 | ||||||
The New York Times Co., Class A | 16,600 | 132 | ||||||
The Walt Disney Co. | 85,450 | 2,339 | ||||||
The Washington Post Co., Class B | 2,100 | 907 | ||||||
Time Warner Cable, Inc. | 22,009 | 868 | ||||||
Time Warner, Inc. | 104,288 | 3,141 | ||||||
Viacom, Inc., Class B * | 32,500 | 897 | ||||||
Virgin Media, Inc. | 50,910 | 711 | ||||||
Warner Music Group Corp. * | 22,210 | 128 | ||||||
24,178 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 3.1% | ||||||||
Abbott Laboratories | 24,945 | 1,261 | ||||||
Allergan, Inc. | 3,130 | 176 | ||||||
Amgen, Inc. * | 21,555 | 1,158 | ||||||
Biogen Idec, Inc. * | 3,450 | 145 | ||||||
Bristol-Myers Squibb Co. | 62,650 | 1,366 | ||||||
Cephalon, Inc. * | 1,835 | 100 | ||||||
Charles River Laboratories International, Inc. * | 3,420 | 125 | ||||||
Covance, Inc. * | 1,220 | 63 | ||||||
Eli Lilly & Co. | 35,755 | 1,216 | ||||||
Endo Pharmaceuticals Holdings, Inc. * | 2,300 | 52 | ||||||
Forest Laboratories, Inc. * | 6,455 | 179 | ||||||
Genzyme Corp. * | 2,750 | 139 | ||||||
Gilead Sciences, Inc. * | 3,860 | 164 | ||||||
Johnson & Johnson | 56,095 | 3,312 | ||||||
King Pharmaceuticals, Inc. * | 16,900 | 171 | ||||||
Life Technologies Corp. * | 6,519 | 308 | ||||||
Merck & Co., Inc. * | 83,915 | 2,596 | ||||||
Mettler-Toledo International, Inc. * | 1,500 | 146 | ||||||
Millipore Corp. * | 2,900 | 194 | ||||||
Mylan, Inc. * | 6,875 | 112 | ||||||
Pfizer, Inc. | 361,699 | 6,160 | ||||||
Schering-Plough Corp. | 22,790 | 643 | ||||||
Thermo Fisher Scientific, Inc. * | 9,445 | 425 | ||||||
Warner Chilcott Ltd., Class A * | 5,700 | 126 | ||||||
Waters Corp. * | 2,000 | 115 | ||||||
Watson Pharmaceuticals, Inc. * | 2,665 | 92 | ||||||
20,544 | ||||||||
Real Estate 2.0% | ||||||||
Alexandria Real Estate Equities, Inc. | 5,064 | 274 | ||||||
AMB Property Corp. | 8,740 | 192 | ||||||
Annaly Capital Management, Inc. | 9,085 | 154 | ||||||
Apartment Investment & Management Co., Class A | 20,454 | 253 | ||||||
AvalonBay Communities, Inc. | 2,399 | 165 | ||||||
Boston Properties, Inc. | 9,290 | 565 | ||||||
Brandywine Realty Trust | 18,125 | 173 | ||||||
BRE Properties, Inc. | 8,520 | 232 | ||||||
Camden Property Trust | 3,720 | 135 | ||||||
CB Richard Ellis Group, Inc., Class A * | 50,130 | 519 | ||||||
CBL & Associates Properties, Inc. | 51,736 | 422 | ||||||
Colonial Properties Trust | 33,525 | 353 | ||||||
Cousins Properties, Inc. | 5,580 | 41 | ||||||
DCT Industrial Trust, Inc. | 13,300 | 60 | ||||||
Developers Diversified Realty Corp. | 61,652 | 530 | ||||||
Douglas Emmett, Inc. | 22,500 | 265 | ||||||
Duke Realty Corp. | 15,975 | 180 | ||||||
Equity One, Inc. | 8,880 | 132 | ||||||
Equity Residential | 16,545 | 478 | ||||||
Federal Realty Investment Trust | 1,870 | 110 | ||||||
First Industrial Realty Trust, Inc. | 19,930 | 87 | ||||||
HCP, Inc. | 10,365 | 307 | ||||||
Health Care REIT, Inc. | 7,330 | 325 | ||||||
Healthcare Realty Trust, Inc. | 3,435 | 72 | ||||||
Highwoods Properties, Inc. | 3,535 | 97 | ||||||
Hospitality Properties Trust | 8,455 | 163 | ||||||
Host Hotels & Resorts, Inc. | 75,385 | 762 | ||||||
HRPT Properties Trust | 26,850 | 189 | ||||||
iStar Financial, Inc. * | 74,370 | 155 | ||||||
Jones Lang LaSalle, Inc. | 2,500 | 117 | ||||||
Kimco Realty Corp. | 22,360 | 283 | ||||||
Liberty Property Trust | 4,850 | 142 | ||||||
Mack-Cali Realty Corp. | 5,950 | 184 | ||||||
Nationwide Health Properties, Inc. | 3,435 | 111 | ||||||
Plum Creek Timber Co., Inc. | 4,595 | 144 | ||||||
Potlatch Corp. | 3,220 | 90 | ||||||
ProLogis | 80,360 | 910 | ||||||
Public Storage | 2,630 | 194 | ||||||
Rayonier, Inc. | 3,335 | 129 | ||||||
Realty Income Corp. | 10,740 | 249 | ||||||
Redwood Trust, Inc. | 4,125 | 57 | ||||||
Regency Centers Corp. | 3,020 | 101 | ||||||
Senior Housing Properties Trust | 14,140 | 273 | ||||||
Simon Property Group, Inc. | 12,499 | 849 | ||||||
SL Green Realty Corp. | 13,107 | 508 | ||||||
The Macerich Co. | 6,349 | 189 | ||||||
UDR, Inc. | 7,187 | 103 | ||||||
Ventas, Inc. | 4,725 | 190 | ||||||
Vornado Realty Trust | 10,490 | 625 | ||||||
Weingarten Realty Investors | 7,535 | 139 | ||||||
12,977 | ||||||||
Retailing 4.2% | ||||||||
Abercrombie & Fitch Co., Class A | 3,810 | 125 | ||||||
Advance Auto Parts, Inc. | 6,245 | 233 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Amazon.com, Inc. * | 2,450 | 291 | ||||||
American Eagle Outfitters, Inc. | 6,935 | 121 | ||||||
AnnTaylor Stores Corp. * | 3,430 | 45 | ||||||
Asbury Automotive Group, Inc. * | 21,445 | 209 | ||||||
AutoNation, Inc. * | 19,915 | 343 | ||||||
AutoZone, Inc. * | 723 | 98 | ||||||
Barnes & Noble, Inc. | 5,240 | 87 | ||||||
Bed Bath & Beyond, Inc. * | 7,265 | 256 | ||||||
Best Buy Co., Inc. | 20,150 | 769 | ||||||
Big Lots, Inc. * | 4,465 | 112 | ||||||
Blockbuster, Inc., Class A * | 109,375 | 91 | ||||||
Borders Group, Inc. * | 96,160 | 187 | ||||||
Cabela’s, Inc. * | 3,800 | 48 | ||||||
CarMax, Inc. * | 11,440 | 225 | ||||||
Charming Shoppes, Inc. * | 98,990 | 448 | ||||||
Chico’s FAS, Inc. * | 8,400 | 100 | ||||||
Collective Brands, Inc. * | 6,340 | 118 | ||||||
Core-Mark Holding Co., Inc. * | 5,100 | 140 | ||||||
Dick’s Sporting Goods, Inc. * | 12,500 | 284 | ||||||
Dillard’s, Inc., Class A | 41,575 | 566 | ||||||
Dollar Tree, Inc. * | 6,345 | 286 | ||||||
Expedia, Inc. * | 24,130 | 547 | ||||||
Family Dollar Stores, Inc. | 11,475 | 325 | ||||||
Foot Locker, Inc. | 12,295 | 129 | ||||||
GameStop Corp., Class A * | 11,090 | 269 | ||||||
Genuine Parts Co. | 6,900 | 241 | ||||||
Group 1 Automotive, Inc. | 4,335 | 110 | ||||||
HSN, Inc. * | 28,700 | 429 | ||||||
J.C. Penney Co., Inc. | 30,400 | 1,007 | ||||||
Kohl’s Corp. * | 12,995 | 744 | ||||||
Liberty Media Corp. — Interactive, Class A * | 128,920 | 1,462 | ||||||
Limited Brands, Inc. | 38,720 | 681 | ||||||
Lowe’s Cos., Inc. | 67,255 | 1,316 | ||||||
Macy’s, Inc. | 75,720 | 1,330 | ||||||
Nordstrom, Inc. | 13,455 | 428 | ||||||
O’Reilly Automotive, Inc. * | 7,830 | 292 | ||||||
Office Depot, Inc. * | 310,750 | 1,880 | ||||||
OfficeMax, Inc. * | 46,155 | 528 | ||||||
Penske Automotive Group, Inc. | 14,395 | 225 | ||||||
PetSmart, Inc. | 5,140 | 121 | ||||||
RadioShack Corp. | 8,880 | 150 | ||||||
Rent-A-Center, Inc. * | 16,070 | 295 | ||||||
Ross Stores, Inc. | 2,545 | 112 | ||||||
Saks, Inc. * | 76,435 | 429 | ||||||
Sears Holdings Corp. * | 17,821 | 1,209 | ||||||
Sonic Automotive, Inc., Class A | 116,460 | 1,041 | ||||||
Staples, Inc. | 25,150 | 546 | ||||||
Target Corp. | 43,395 | 2,102 | ||||||
The Gap, Inc. | 24,475 | 522 | ||||||
The Home Depot, Inc. | 92,996 | 2,333 | ||||||
The Sherwin-Williams Co. | 2,845 | 162 | ||||||
The TJX Cos., Inc. | 14,530 | 543 | ||||||
Ticketmaster Entertainment, Inc. * | 11,849 | 114 | ||||||
Tiffany & Co. | 3,535 | 139 | ||||||
Tractor Supply Co. * | 6,300 | 282 | ||||||
TravelCenters of America LLC * | 24,600 | 140 | ||||||
Williams-Sonoma, Inc. | 8,045 | 151 | ||||||
Zale Corp. * | 45,345 | 214 | ||||||
27,730 | ||||||||
Semiconductors & Semiconductor Equipment 1.4% | ||||||||
Advanced Micro Devices, Inc. * | 58,730 | 270 | ||||||
Altera Corp. | 5,750 | 114 | ||||||
Amkor Technology, Inc. * | 30,580 | 168 | ||||||
Analog Devices, Inc. | 5,965 | 153 | ||||||
Applied Materials, Inc. | 44,425 | 542 | ||||||
Atmel Corp. * | 12,090 | 45 | ||||||
Broadcom Corp., Class A * | 6,745 | 179 | ||||||
Fairchild Semiconductor International, Inc. * | 13,760 | 103 | ||||||
Intel Corp. | 197,710 | 3,778 | ||||||
International Rectifier Corp. * | 3,825 | 70 | ||||||
KLA-Tencor Corp. | 6,280 | 204 | ||||||
Lam Research Corp. * | 4,000 | 135 | ||||||
Linear Technology Corp. | 9,955 | 258 | ||||||
LSI Corp. * | 23,040 | 118 | ||||||
Marvell Technology Group Ltd. * | 10,430 | 143 | ||||||
MEMC Electronic Materials, Inc. * | 17,600 | 219 | ||||||
Microchip Technology, Inc. | 4,480 | 107 | ||||||
Micron Technology, Inc. * | 108,675 | 738 | ||||||
National Semiconductor Corp. | 8,250 | 107 | ||||||
Novellus Systems, Inc. * | 4,000 | 82 | ||||||
NVIDIA Corp. * | 12,537 | 150 | ||||||
Teradyne, Inc. * | 10,150 | 85 | ||||||
Texas Instruments, Inc. | 42,070 | 987 | ||||||
Xilinx, Inc. | 12,660 | 275 | ||||||
9,030 | ||||||||
Software & Services 3.2% | ||||||||
Accenture plc, Class A | 15,895 | 589 | ||||||
ACI Worldwide, Inc. * | 5,500 | 89 | ||||||
Activision Blizzard, Inc. * | 9,100 | 99 | ||||||
Adobe Systems, Inc. * | 6,240 | 206 | ||||||
Affiliated Computer Services, Inc., Class A * | 3,055 | 159 | ||||||
Alliance Data Systems Corp. * | 1,580 | 87 | ||||||
Autodesk, Inc. * | 11,000 | 274 | ||||||
Automatic Data Processing, Inc. | 12,280 | 489 | ||||||
BMC Software, Inc. * | 7,540 | 280 | ||||||
Broadridge Financial Solutions, Inc. | 4,587 | 95 | ||||||
CA, Inc. | 7,505 | 157 | ||||||
CACI International, Inc., Class A * | 1,700 | 81 | ||||||
Cadence Design Systems, Inc. * | 16,375 | 100 | ||||||
Citrix Systems, Inc. * | 7,970 | 293 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Cognizant Technology Solutions Corp., Class A * | 8,000 | 309 | ||||||
Computer Sciences Corp. * | 13,945 | 707 | ||||||
Convergys Corp. * | 10,165 | 110 | ||||||
DST Systems, Inc. * | 2,000 | 83 | ||||||
eBay, Inc. * | 34,275 | 763 | ||||||
Electronic Arts, Inc. * | 8,150 | 149 | ||||||
Fidelity National Information Services, Inc. | 10,423 | 227 | ||||||
Fiserv, Inc. * | 4,050 | 186 | ||||||
Google, Inc., Class A * | 2,343 | 1,256 | ||||||
Hewitt Associates, Inc., Class A * | 3,150 | 112 | ||||||
IAC/InterActiveCorp * | 23,662 | 448 | ||||||
InfoSpace, Inc. * | 9,900 | 85 | ||||||
Intuit, Inc. * | 4,455 | 130 | ||||||
Lender Processing Services, Inc. | 1,860 | 74 | ||||||
MasterCard, Inc., Class A | 868 | 190 | ||||||
McAfee, Inc. * | 6,935 | 290 | ||||||
Microsoft Corp. | 323,315 | 8,966 | ||||||
Oracle Corp. | 75,160 | 1,586 | ||||||
Paychex, Inc. | 5,360 | 152 | ||||||
Perot Systems Corp., Class A * | 4,455 | 133 | ||||||
SAIC, Inc. * | 8,300 | 147 | ||||||
Symantec Corp. * | 27,445 | 483 | ||||||
Synopsys, Inc. * | 2,100 | 46 | ||||||
Total System Services, Inc. | 6,070 | 97 | ||||||
VeriSign, Inc. * | 12,160 | 277 | ||||||
Visa, Inc., Class A | 10,000 | 758 | ||||||
VMware, Inc., Class A * | 3,000 | 115 | ||||||
Western Union Co. | 7,710 | 140 | ||||||
Wright Express Corp. * | 5,400 | 151 | ||||||
Yahoo!, Inc. * | 21,305 | 339 | ||||||
21,507 | ||||||||
Technology Hardware & Equipment 4.6% | ||||||||
Agilent Technologies, Inc. * | 9,905 | 245 | ||||||
Amphenol Corp., Class A | 7,800 | 313 | ||||||
Anixter International, Inc. * | 2,620 | 110 | ||||||
Apple, Inc. * | 11,165 | 2,105 | ||||||
Arrow Electronics, Inc. * | 17,095 | 433 | ||||||
Avnet, Inc. * | 18,780 | 465 | ||||||
AVX Corp. | 5,380 | 61 | ||||||
Benchmark Electronics, Inc. * | 5,140 | 86 | ||||||
Brocade Communications Systems, Inc. * | 15,400 | 132 | ||||||
Cisco Systems, Inc. * | 128,565 | 2,938 | ||||||
CommScope, Inc. * | 8,900 | 240 | ||||||
Corning, Inc. | 40,160 | 587 | ||||||
Dell, Inc. * | 132,710 | 1,923 | ||||||
Diebold, Inc. | 9,030 | 273 | ||||||
EMC Corp. * | 59,010 | 972 | ||||||
Harris Corp. | 8,225 | 343 | ||||||
Hewlett-Packard Co. | 82,275 | 3,905 | ||||||
Ingram Micro, Inc., Class A * | 27,255 | 481 | ||||||
Insight Enterprises, Inc. * | 21,200 | 223 | ||||||
International Business Machines Corp. | 29,095 | 3,509 | ||||||
Jabil Circuit, Inc. | 45,095 | 603 | ||||||
JDS Uniphase Corp. * | 14,700 | 82 | ||||||
Juniper Networks, Inc. * | 11,770 | 300 | ||||||
Lexmark International, Inc., Class A * | 5,745 | 147 | ||||||
Molex, Inc. | 13,030 | 243 | ||||||
Molex, Inc., Class A | 2,930 | 49 | ||||||
Motorola, Inc. | 269,520 | 2,310 | ||||||
NCR Corp. * | 13,845 | 141 | ||||||
NetApp, Inc. * | 5,230 | 141 | ||||||
QUALCOMM, Inc. | 22,985 | 952 | ||||||
SanDisk Corp. * | 20,165 | 413 | ||||||
Sanmina-SCI Corp. * | 107,182 | 688 | ||||||
Seagate Technology | 72,135 | 1,006 | ||||||
Sun Microsystems, Inc. * | 76,553 | 626 | ||||||
SYNNEX Corp. * | 2,520 | 65 | ||||||
Tech Data Corp. * | 19,740 | 759 | ||||||
Tellabs, Inc. * | 22,760 | 137 | ||||||
Teradata Corp. * | 10,300 | 287 | ||||||
Tyco Electronics Ltd. | 51,615 | 1,097 | ||||||
Vishay Intertechnology, Inc. * | 40,040 | 249 | ||||||
Western Digital Corp. * | 13,000 | 438 | ||||||
Xerox Corp. | 79,150 | 595 | ||||||
30,672 | ||||||||
Telecommunication Services 2.3% | ||||||||
American Tower Corp., Class A * | 3,265 | 120 | ||||||
AT&T, Inc. | 249,685 | 6,409 | ||||||
CenturyTel, Inc. | 17,950 | 583 | ||||||
Crown Castle International Corp. * | 4,180 | 126 | ||||||
Frontier Communications Corp. | 26,160 | 188 | ||||||
iBasis, Inc. * | 4,500 | 10 | ||||||
iPCS, Inc. * | 10,700 | 255 | ||||||
Leap Wireless International, Inc. * | 7,000 | 93 | ||||||
Level 3 Communications, Inc. * | 109,000 | 129 | ||||||
MetroPCS Communications, Inc. * | 15,200 | 95 | ||||||
Millicom International Cellular S.A. * | 2,000 | 125 | ||||||
NII Holdings, Inc. * | 6,770 | 182 | ||||||
Qwest Communications International, Inc. | 124,480 | 447 | ||||||
Sprint Nextel Corp. * | 424,200 | 1,256 | ||||||
Telephone & Data Systems, Inc. | 4,600 | 136 | ||||||
United States Cellular Corp. * | 3,335 | 122 | ||||||
Verizon Communications, Inc. | 161,930 | 4,792 | ||||||
Windstream Corp. | 15,900 | 153 | ||||||
15,221 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Transportation 2.9% | ||||||||
Alaska Air Group, Inc. * | 2,225 | 57 | ||||||
Alexander & Baldwin, Inc. | 2,820 | 81 | ||||||
AMERCO * | 1,820 | 77 | ||||||
AMR Corp. * | 100,520 | 542 | ||||||
Avis Budget Group, Inc. * | 791,790 | 6,651 | ||||||
Burlington Northern Santa Fe Corp. | 11,520 | 868 | ||||||
C.H. Robinson Worldwide, Inc. | 3,180 | 175 | ||||||
Con-way, Inc. | 3,830 | 126 | ||||||
Continental Airlines, Inc., Class B * | 27,470 | 316 | ||||||
CSX Corp. | 17,870 | 754 | ||||||
Delta Air Lines, Inc. * | 104,200 | 744 | ||||||
Expeditors International of Washington, Inc. | 3,325 | 107 | ||||||
FedEx Corp. | 19,662 | 1,429 | ||||||
Hertz Global Holdings, Inc. * | 163,100 | 1,518 | ||||||
J.B. Hunt Transport Services, Inc. | 9,345 | 281 | ||||||
JetBlue Airways Corp. * | 47,990 | 238 | ||||||
Kansas City Southern * | 5,390 | 131 | ||||||
Norfolk Southern Corp. | 16,350 | 762 | ||||||
Ryder System, Inc. | 5,710 | 232 | ||||||
SkyWest, Inc. | 3,700 | 52 | ||||||
Southwest Airlines Co. | 31,575 | 265 | ||||||
UAL Corp. * | 72,500 | 472 | ||||||
Union Pacific Corp. | 19,756 | 1,089 | ||||||
United Parcel Service, Inc., Class B | 35,680 | 1,915 | ||||||
US Airways Group, Inc. * | 28,350 | 87 | ||||||
Werner Enterprises, Inc. | 3,940 | 74 | ||||||
YRC Worldwide, Inc. * | 58,555 | 214 | ||||||
19,257 | ||||||||
Utilities 3.3% | ||||||||
AGL Resources, Inc. | 8,540 | 299 | ||||||
Allegheny Energy, Inc. | 4,055 | 93 | ||||||
Alliant Energy Corp. | 5,075 | 135 | ||||||
Ameren Corp. | 20,090 | 489 | ||||||
American Electric Power Co., Inc. | 20,345 | 615 | ||||||
American Water Works Co., Inc. | 5,300 | 101 | ||||||
Aqua America, Inc. | 16,400 | 253 | ||||||
Atmos Energy Corp. | 5,160 | 144 | ||||||
Black Hills Corp. | 2,825 | 69 | ||||||
Calpine Corp. * | 27,250 | 306 | ||||||
CenterPoint Energy, Inc. | 19,370 | 244 | ||||||
CMS Energy Corp. | 11,310 | 150 | ||||||
Consolidated Edison, Inc. | 11,725 | 477 | ||||||
Constellation Energy Group, Inc. | 23,880 | 738 | ||||||
Dominion Resources, Inc. | 21,310 | 726 | ||||||
DPL, Inc. | 4,020 | 102 | ||||||
DTE Energy Co. | 14,165 | 524 | ||||||
Duke Energy Corp. | 86,245 | 1,364 | ||||||
Dynegy, Inc., Class A * | 96,200 | 192 | ||||||
Edison International | 19,890 | 633 | ||||||
Energen Corp. | 7,010 | 308 | ||||||
Entergy Corp. | 8,217 | 630 | ||||||
EQT Corp. | 7,180 | 301 | ||||||
Exelon Corp. | 18,655 | 876 | ||||||
FirstEnergy Corp. | 15,890 | 688 | ||||||
FPL Group, Inc. | 14,980 | 735 | ||||||
Great Plains Energy, Inc. | 8,270 | 143 | ||||||
Hawaiian Electric Industries, Inc. | 5,170 | 92 | ||||||
IDACORP, Inc. | 1,840 | 52 | ||||||
Integrys Energy Group, Inc. | 4,935 | 171 | ||||||
MDU Resources Group, Inc. | 8,680 | 180 | ||||||
Mirant Corp. * | 12,345 | 173 | ||||||
National Fuel Gas Co. | 2,845 | 129 | ||||||
New Jersey Resources Corp. | 1,380 | 49 | ||||||
Nicor, Inc. | 2,240 | 83 | ||||||
NiSource, Inc. | 36,835 | 476 | ||||||
Northeast Utilities | 8,415 | 194 | ||||||
NRG Energy, Inc. * | 15,360 | 353 | ||||||
NSTAR | 4,280 | 132 | ||||||
NV Energy, Inc. | 13,500 | 155 | ||||||
OGE Energy Corp. | 4,965 | 165 | ||||||
ONEOK, Inc. | 9,710 | 352 | ||||||
Pepco Holdings, Inc. | 13,565 | 202 | ||||||
PG&E Corp. | 16,415 | 671 | ||||||
Piedmont Natural Gas Co., Inc. | 4,250 | 99 | ||||||
Pinnacle West Capital Corp. | 5,785 | 181 | ||||||
PNM Resources, Inc. | 10,195 | 109 | ||||||
Portland General Electric Co. | 5,045 | 94 | ||||||
PPL Corp. | 12,555 | 370 | ||||||
Progress Energy, Inc. | 16,565 | 622 | ||||||
Public Service Enterprise Group, Inc. | 21,180 | 631 | ||||||
Questar Corp. | 3,650 | 145 | ||||||
RRI Energy, Inc. * | 82,040 | 432 | ||||||
SCANA Corp. | 5,085 | 172 | ||||||
Sempra Energy | 10,715 | 551 | ||||||
Southern Co. | 23,535 | 734 | ||||||
Southwest Gas Corp. | 2,425 | 61 | ||||||
TECO Energy, Inc. | 11,825 | 170 | ||||||
The AES Corp. * | 80,140 | 1,047 | ||||||
UGI Corp. | 4,220 | 101 | ||||||
Unisource Energy Corp. | 1,500 | 43 | ||||||
Vectren Corp. | 11,965 | 270 | ||||||
Westar Energy, Inc. | 14,870 | 285 | ||||||
WGL Holdings, Inc. | 1,945 | 64 | ||||||
Wisconsin Energy Corp. | 3,320 | 145 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Xcel Energy, Inc. | 13,990 | 264 | ||||||
21,554 | ||||||||
Total Common Stock (Cost $721,523) | 656,986 | |||||||
Other Investment Company 0.4% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund — Institutional Class | 2,680,232 | 2,680 | ||||||
Total Other Investment Company (Cost $2,680) | 2,680 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 0.2% of net assets | ||||||||
U.S. Treasury Obligations 0.2% | ||||||||
U.S. Treasury Bills | ||||||||
0.04%, 12/17/09 (a) | 400 | 400 | ||||||
0.08%, 12/17/09 (a) | 861 | 861 | ||||||
Total Short-Term Investments (Cost $1,261) | 1,261 | |||||||
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
REIT – Real Estate Investment Trust |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S & P 500 Index, e-mini, Long, expires 12/18/09 | 90 | 4,649 | (103 | ) |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99.2 | % | Common Stock | 264,049 | 295,665 | ||||||||
0.2 | % | Other Investment Company | 474 | 474 | ||||||||
— | % | Rights | — | — | ||||||||
0.2 | % | Short-Term Investment | 535 | 535 | ||||||||
99.6 | % | Total Investments | 265,058 | 296,674 | ||||||||
0.4 | % | Other Assets and Liabilities, Net | 1,244 | |||||||||
100.0 | % | Net Assets | 297,918 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 99.2% of net assets | ||||||||
Automobiles & Components 1.5% | ||||||||
Drew Industries, Inc. * | 11,195 | 214 | ||||||
Gentex Corp. | 28,710 | 460 | ||||||
Modine Manufacturing Co. | 222,155 | 2,288 | ||||||
Spartan Motors, Inc. | 25,200 | 126 | ||||||
Standard Motor Products, Inc. | 49,900 | 417 | ||||||
Stoneridge, Inc. * | 53,900 | 396 | ||||||
Superior Industries International, Inc. | 16,360 | 217 | ||||||
Winnebago Industries, Inc. * | 30,465 | 351 | ||||||
4,469 | ||||||||
Banks 5.9% | ||||||||
1st Source Corp. | 6,440 | 95 | ||||||
AMCORE Financial, Inc. * | 66,081 | 52 | ||||||
Anchor BanCorp Wisconsin, Inc. | 43,045 | 33 | ||||||
Arrow Financial Corp. | 845 | 22 | ||||||
BancFirst Corp. | 1,775 | 64 | ||||||
Banco Latinoamericano de Exportaciones, S.A., Class E | 23,100 | 326 | ||||||
BancTrust Financial Group, Inc. | 500 | 2 | ||||||
Bank Mutual Corp. | 6,760 | 47 | ||||||
Bank of Granite Corp. * | 13,000 | 7 | ||||||
BankAtlantic Bancorp, Inc., Class A | 311,900 | 459 | ||||||
BankFinancial Corp. | 4,200 | 40 | ||||||
Banner Corp. | 22,560 | 69 | ||||||
Beneficial Mutual Bancorp, Inc. * | 7,950 | 74 | ||||||
Berkshire Hills Bancorp, Inc. | 3,250 | 67 | ||||||
Boston Private Financial Holdings, Inc. | 21,540 | 128 | ||||||
Brookline Bancorp, Inc. | 20,310 | 199 | ||||||
Capital City Bank Group, Inc. | 4,895 | 57 | ||||||
Capitol Bancorp Ltd. | 15,880 | 36 | ||||||
Capitol Federal Financial | 2,000 | 61 | ||||||
Cathay General Bancorp | 23,100 | 204 | ||||||
Central Pacific Financial Corp. | 26,345 | 37 | ||||||
Chemical Financial Corp. | 7,130 | 157 | ||||||
Citizens Republic Bancorp, Inc. * | 348,500 | 210 | ||||||
City Bank | 45,380 | 105 | ||||||
City Holding Co. | 4,390 | 134 | ||||||
CoBiz Financial, Inc. | 3,000 | 14 | ||||||
Columbia Banking System, Inc. | 11,735 | 173 | ||||||
Community Bank System, Inc. | 8,870 | 165 | ||||||
Community Trust Bancorp, Inc. | 1,895 | 47 | ||||||
Cullen/Frost Bankers, Inc. | 6,080 | 285 | ||||||
CVB Financial Corp. | 25,480 | 204 | ||||||
Dime Community Bancshares | 10,850 | 119 | ||||||
East West Bancorp, Inc. | 49,625 | 448 | ||||||
F.N.B. Corp. | 46,903 | 332 | ||||||
Farmers Capital Bank Corp. | 3,270 | 36 | ||||||
Federal Agricultural Mortgage Corp., Class C | 21,600 | 173 | ||||||
Financial Institutions, Inc. | 8,705 | 92 | ||||||
First BanCorp Puerto Rico | 55,990 | 106 | ||||||
First Busey Corp. | 10,815 | 42 | ||||||
First Citizens BancShares, Inc., Class A | 2,218 | 331 | ||||||
First Commonwealth Financial Corp. | 23,890 | 125 | ||||||
First Community Bancshares, Inc. | 8,175 | 95 | ||||||
First Financial Bancorp | 13,790 | 175 | ||||||
First Financial Bankshares, Inc. | 2,000 | 97 | ||||||
First Financial Corp. | 2,400 | 67 | ||||||
First Financial Holdings, Inc. | 10,145 | 137 | ||||||
First Merchants Corp. | 7,265 | 44 | ||||||
First Midwest Bancorp, Inc. | 35,095 | 365 | ||||||
First Niagara Financial Group, Inc. | 12,835 | 165 | ||||||
First Place Financial Corp. | 25,700 | 78 | ||||||
First State Bancorp * | 34,100 | 33 | ||||||
Flagstar Bancorp, Inc. * | 758,504 | 683 | ||||||
Flushing Financial Corp. | 9,455 | 106 | ||||||
Frontier Financial Corp. * | 51,655 | 22 | ||||||
Glacier Bancorp, Inc. | 7,680 | 101 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Greene Bancshares, Inc. | 4,016 | 17 | ||||||
Guaranty Bancorp * | 22,530 | 30 | ||||||
Hancock Holding Co. | 6,850 | 248 | ||||||
Hanmi Financial Corp. * | 41,970 | 64 | ||||||
Harleysville National Corp. | 16,825 | 97 | ||||||
Heartland Financial USA, Inc. | 5,450 | 70 | ||||||
IBERIABANK Corp. | 3,550 | 154 | ||||||
Independent Bank Corp. | 5,595 | 119 | ||||||
Independent Bank Corp., Michigan | 40,960 | 48 | ||||||
Integra Bank Corp. | 66,545 | 57 | ||||||
International Bancshares Corp. | 20,112 | 299 | ||||||
Intervest Bancshares Corp., Class A * | 4,000 | 13 | ||||||
Investors Bancorp, Inc. * | 10,065 | 109 | ||||||
Kearny Financial Corp. | 6,000 | 59 | ||||||
Lakeland Bancorp, Inc. | 7,837 | 48 | ||||||
Macatawa Bank Corp. * | 15,700 | 30 | ||||||
MainSource Financial Group, Inc. | 7,000 | 41 | ||||||
MB Financial, Inc. | 13,145 | 235 | ||||||
Midwest Banc Holdings, Inc. * | 8,220 | 4 | ||||||
Nara Bancorp, Inc. | 6,080 | 45 | ||||||
NASB Financial, Inc. | 1,303 | 32 | ||||||
National Penn Bancshares, Inc. | 15,323 | 86 | ||||||
NBT Bancorp, Inc. | 5,455 | 119 | ||||||
NewAlliance Bancshares, Inc. | 21,275 | 236 | ||||||
Northwest Bancorp, Inc. | 3,330 | 73 | ||||||
OceanFirst Financial Corp. | 3,700 | 35 | ||||||
Ocwen Financial Corp. * | 15,745 | 172 | ||||||
Old National Bancorp | 10,125 | 105 | ||||||
Old Second Bancorp, Inc. | 3,375 | 18 | ||||||
Oriental Financial Group, Inc. | 42,535 | 453 | ||||||
Oritani Financial Corp. | 7,100 | 91 | ||||||
Pacific Capital Bancorp | 25,970 | 34 | ||||||
PacWest Bancorp | 8,680 | 147 | ||||||
Park National Corp. | 4,510 | 262 | ||||||
Peoples Bancorp, Inc. | 3,475 | 37 | ||||||
Pinnacle Financial Partners, Inc. * | 6,500 | 83 | ||||||
PrivateBancorp, Inc. | 7,615 | 70 | ||||||
Prosperity Bancshares, Inc. | 4,500 | 161 | ||||||
Provident Financial Services, Inc. | 21,290 | 229 | ||||||
Provident New York Bancorp | 10,185 | 87 | ||||||
Renasant Corp. | 7,200 | 105 | ||||||
Republic Bancorp, Inc., Class A | 6,100 | 112 | ||||||
Royal Bancshares of Pennsylvania, Inc., Class A * | 13,400 | 14 | ||||||
S&T Bancorp, Inc. | 6,590 | 104 | ||||||
S.Y. Bancorp, Inc. | 1,115 | 25 | ||||||
Sandy Spring Bancorp, Inc. | 5,795 | 67 | ||||||
Santander BanCorp * | 7,640 | 88 | ||||||
SCBT Financial Corp. | 4,000 | 103 | ||||||
Seacoast Banking Corp. of Florida | 4,890 | 7 | ||||||
Signature Bank * | 5,180 | 164 | ||||||
Simmons First National Corp., Class A | 3,800 | 111 | ||||||
Southwest Bancorp, Inc. | 5,100 | 50 | ||||||
StellarOne Corp. | 8,042 | 85 | ||||||
Sterling Bancorp | 8,495 | 57 | ||||||
Sterling Bancshares, Inc. | 28,925 | 161 | ||||||
Sterling Financial Corp. * | 109,940 | 88 | ||||||
Suffolk Bancorp | 2,315 | 65 | ||||||
Sun Bancorp, Inc. * | 5,431 | 22 | ||||||
Superior Bancorp * | 12,900 | 27 | ||||||
SVB Financial Group * | 12,275 | 506 | ||||||
Taylor Capital Group, Inc. * | 9,900 | 56 | ||||||
Texas Capital Bancshares, Inc. * | 12,420 | 181 | ||||||
TFS Financial Corp. | 7,280 | 85 | ||||||
The South Financial Group, Inc. | 324,920 | 260 | ||||||
TierOne Corp. * | 20,885 | 42 | ||||||
Tompkins Financial Corp. | 1,665 | 72 | ||||||
Tree.com, Inc. * | 10,680 | 83 | ||||||
Triad Guaranty, Inc. * | 103,705 | 73 | ||||||
TriCo Bancshares | 5,900 | 86 | ||||||
TrustCo Bank Corp. NY | 28,910 | 172 | ||||||
Trustmark Corp. | 14,260 | 270 | ||||||
UCBH Holdings, Inc. | 138,300 | 136 | ||||||
UMB Financial Corp. | 3,201 | 127 | ||||||
Umpqua Holdings Corp. | 9,690 | 96 | ||||||
Union Bankshares Corp. | 4,900 | 60 | ||||||
United Bankshares, Inc. | 13,295 | 237 | ||||||
United Community Banks, Inc. * | 41,099 | 167 | ||||||
United Community Financial Corp. * | 34,581 | 52 | ||||||
Univest Corp. of Pennsylvania | 4,600 | 88 | ||||||
Washington Trust Bancorp, Inc. | 4,885 | 73 | ||||||
Waterstone Financial, Inc. * | 3,716 | 13 | ||||||
WesBanco, Inc. | 9,590 | 136 | ||||||
West Bancorp | 5,700 | 25 | ||||||
West Coast Bancorp | 40,465 | 93 | ||||||
Westamerica Bancorp | 4,870 | 233 | ||||||
Western Alliance Bancorp * | 13,665 | 59 | ||||||
Westfield Financial, Inc. | 8,827 | 71 | ||||||
Whitney Holding Corp. | 22,020 | 177 | ||||||
Wintrust Financial Corp. | 14,240 | 402 | ||||||
WSFS Financial Corp. | 2,135 | 59 | ||||||
17,507 | ||||||||
Capital Goods 8.2% | ||||||||
A.O. Smith Corp. | 8,560 | 339 | ||||||
AAON, Inc. | 4,080 | 73 | ||||||
AAR CORP. * | 12,680 | 249 | ||||||
Aceto Corp. | 9,100 | 50 | ||||||
Actuant Corp., Class A | 21,500 | 336 | ||||||
Alamo Group, Inc. | 3,400 | 47 | ||||||
Albany International Corp., Class A | 19,470 | 324 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Altra Holdings, Inc. * | 16,200 | 142 | ||||||
American Railcar Industries, Inc. | 7,250 | 72 | ||||||
American Science & Engineering, Inc. | 1,200 | 79 | ||||||
American Woodmark Corp. | 5,595 | 110 | ||||||
Ameron International Corp. | 1,540 | 91 | ||||||
Ampco-Pittsburgh Corp. | 2,460 | 66 | ||||||
Apogee Enterprises, Inc. | 9,895 | 131 | ||||||
Applied Industrial Technologies, Inc. | 12,420 | 251 | ||||||
Argon ST, Inc. * | 1,165 | 22 | ||||||
Astec Industries, Inc. * | 4,550 | 105 | ||||||
Badger Meter, Inc. | 2,000 | 75 | ||||||
Baldor Electric Co. | 15,850 | 410 | ||||||
Barnes Group, Inc. | 14,465 | 229 | ||||||
Beacon Roofing Supply, Inc. * | 18,980 | 273 | ||||||
Belden, Inc. | 23,740 | 545 | ||||||
Blount International, Inc. * | 12,005 | 109 | ||||||
Brady Corp., Class A | 16,155 | 437 | ||||||
Bucyrus International, Inc., Class A | 11,950 | 531 | ||||||
Builders FirstSource, Inc. * | 79,755 | 310 | ||||||
Cascade Corp. | 3,755 | 93 | ||||||
Ceradyne, Inc. * | 8,230 | 133 | ||||||
Chart Industries, Inc. * | 15,710 | 311 | ||||||
China Technology Development Group Corp. * | 37,280 | 161 | ||||||
CIRCOR International, Inc. | 3,590 | 98 | ||||||
CLARCOR, Inc. | 6,025 | 177 | ||||||
Coleman Cable, Inc. * | 25,300 | 88 | ||||||
Colfax Corp. * | 8,000 | 87 | ||||||
Columbus McKinnon Corp. * | 10,460 | 173 | ||||||
Comfort Systems USA, Inc. | 11,300 | 123 | ||||||
Commercial Vehicle Group, Inc. * | 167,660 | 793 | ||||||
Cubic Corp. | 3,690 | 128 | ||||||
Curtiss-Wright Corp. | 7,905 | 236 | ||||||
Ducommun, Inc. | 3,200 | 54 | ||||||
Dycom Industries, Inc. * | 36,870 | 364 | ||||||
DynCorp International, Inc., Class A * | 11,585 | 197 | ||||||
Encore Wire Corp. | 5,040 | 105 | ||||||
Energy Conversion Devices, Inc. * | 4,630 | 50 | ||||||
EnerSys * | 21,655 | 479 | ||||||
EnPro Industries, Inc. * | 9,470 | 214 | ||||||
ESCO Technologies, Inc. * | 3,900 | 153 | ||||||
Esterline Technologies Corp. * | 9,890 | 416 | ||||||
Evergreen Solar, Inc. * | 44,100 | 64 | ||||||
Federal Signal Corp. | 26,500 | 163 | ||||||
First Solar, Inc. * | 680 | 83 | ||||||
Franklin Electric Co., Inc. | 4,080 | 111 | ||||||
FreightCar America, Inc. | 4,035 | 95 | ||||||
Gibraltar Industries, Inc. | 15,855 | 172 | ||||||
Graco, Inc. | 9,740 | 268 | ||||||
GrafTech International Ltd. * | 25,230 | 341 | ||||||
Great Lakes Dredge & Dock Co. | 27,000 | 166 | ||||||
Griffon Corp. * | 27,208 | 239 | ||||||
H&E Equipment Services, Inc. * | 16,920 | 179 | ||||||
Hardinge, Inc. | 13,700 | 72 | ||||||
HEICO Corp. | 1,260 | 48 | ||||||
HEICO Corp., Class A | 3,195 | 99 | ||||||
Herley Industries, Inc. * | 5,600 | 63 | ||||||
Hexcel Corp. * | 33,585 | 369 | ||||||
Houston Wire & Cable Co. | 8,200 | 99 | ||||||
Hurco Cos., Inc. * | 700 | 11 | ||||||
IDEX Corp. | 9,642 | 274 | ||||||
II-VI, Inc. * | 3,165 | 84 | ||||||
Insituform Technologies, Inc., Class A * | 8,215 | 174 | ||||||
Insteel Industries, Inc. | 6,400 | 71 | ||||||
Integrated Electrical Services, Inc. * | 11,600 | 76 | ||||||
Interline Brands, Inc. * | 12,560 | 183 | ||||||
John Bean Technologies Corp. | 11,640 | 191 | ||||||
Kadant, Inc. * | 4,100 | 53 | ||||||
Kaman Corp. | 12,880 | 266 | ||||||
Kaydon Corp. | 4,335 | 152 | ||||||
KHD Humboldt Wedag International Ltd. * | 7,600 | 70 | ||||||
L.B. Foster Co., Class A * | 2,880 | 81 | ||||||
Ladish Co., Inc. * | 7,880 | 102 | ||||||
Lawson Products, Inc. | 1,930 | 30 | ||||||
Layne Christensen Co. * | 6,400 | 166 | ||||||
Lindsay Corp. | 1,000 | 33 | ||||||
LSI Industries, Inc. | 11,902 | 83 | ||||||
Lydall, Inc. * | 29,200 | 146 | ||||||
MasTec, Inc. * | 10,610 | 125 | ||||||
Michael Baker Corp. * | 3,400 | 121 | ||||||
NACCO Industries, Inc., Class A | 11,540 | 688 | ||||||
NCI Building Systems, Inc. * | 44,905 | 88 | ||||||
NN, Inc. * | 76,800 | 342 | ||||||
Nordson Corp. | 5,575 | 294 | ||||||
Northwest Pipe Co. * | 2,300 | 69 | ||||||
Orbital Sciences Corp. * | 9,155 | 118 | ||||||
Orion Marine Group, Inc. * | 4,940 | 94 | ||||||
Otter Tail Corp. | 10,880 | 253 | ||||||
Pike Electric Corp. * | 6,820 | 86 | ||||||
Polypore International, Inc. * | 21,400 | 235 | ||||||
Powell Industries, Inc. * | 1,770 | 65 | ||||||
Power-One, Inc. * | 40,000 | 110 | ||||||
Preformed Line Products Co. | 544 | 21 | ||||||
Quanex Building Products Corp. | 7,550 | 112 | ||||||
Raven Industries, Inc. | 4,265 | 105 | ||||||
RBC Bearings, Inc. * | 1,500 | 32 | ||||||
Regal-Beloit Corp. | 8,225 | 386 | ||||||
Robbins & Myers, Inc. | 4,800 | 111 | ||||||
Rush Enterprises, Inc., Class A * | 10,960 | 120 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Rush Enterprises, Inc., Class B * | 3,000 | 27 | ||||||
Sauer-Danfoss, Inc. | 15,740 | 113 | ||||||
Simpson Manufacturing Co., Inc. | 8,085 | 189 | ||||||
Standex International Corp. | 7,950 | 140 | ||||||
Stanley, Inc. * | 3,000 | 85 | ||||||
SunPower Corp., Class A * | 2,100 | 52 | ||||||
SunPower Corp., Class B * | 2,769 | 60 | ||||||
TAL International Group, Inc. | 15,690 | 186 | ||||||
Tecumseh Products Co., Class A * | 36,030 | 377 | ||||||
Teledyne Technologies, Inc. * | 9,690 | 331 | ||||||
Tennant Co. | 7,580 | 202 | ||||||
Textainer Group Holdings Ltd. | 11,150 | 168 | ||||||
The Gorman-Rupp Co. | 2,600 | 64 | ||||||
The Greenbrier Cos., Inc. | 29,620 | 263 | ||||||
The L.S. Starrett Co., Class A | 1,400 | 14 | ||||||
The Middleby Corp. * | 2,708 | 123 | ||||||
The Toro Co. | 9,910 | 367 | ||||||
Thermadyne Holdings Corp. * | 36,000 | 217 | ||||||
Titan International, Inc. | 17,275 | 145 | ||||||
Titan Machinery, Inc. * | 600 | 6 | ||||||
TransDigm Group, Inc. | 3,030 | 119 | ||||||
Tredegar Corp. | 7,975 | 109 | ||||||
Trex Co., Inc. * | 3,300 | 53 | ||||||
TriMas Corp. * | 57,250 | 258 | ||||||
Triumph Group, Inc. | 3,830 | 179 | ||||||
Tutor Perini Corp. * | 11,780 | 208 | ||||||
Twin Disc, Inc. | 6,400 | 60 | ||||||
Universal Forest Products, Inc. | 7,470 | 267 | ||||||
Valmont Industries, Inc. | 3,350 | 242 | ||||||
Vicor Corp. * | 9,661 | 66 | ||||||
Wabash National Corp. * | 58,745 | 115 | ||||||
Wabtec Corp. | 4,960 | 182 | ||||||
Watsco, Inc. | 6,545 | 335 | ||||||
Watts Water Technologies, Inc., Class A | 13,855 | 391 | ||||||
Willis Lease Finance Corp. * | 200 | 3 | ||||||
Woodward Governor Co. | 9,000 | 212 | ||||||
Xerium Technologies, Inc. * | 13,455 | 13 | ||||||
24,432 | ||||||||
Commercial & Professional Supplies 4.6% | ||||||||
ABM Industries, Inc. | 16,310 | 306 | ||||||
Acco Brands Corp. * | 242,545 | 1,470 | ||||||
Administaff, Inc. | 6,660 | 165 | ||||||
American Reprographics Co. * | 20,050 | 120 | ||||||
AMREP Corp. * | 1,000 | 12 | ||||||
ATC Technology Corp. * | 8,685 | 181 | ||||||
Bowne & Co., Inc. * | 85,024 | 555 | ||||||
Casella Waste Systems, Inc., Class A * | 54,800 | 153 | ||||||
CBIZ, Inc. * | 14,595 | 103 | ||||||
CDI Corp. | 12,960 | 158 | ||||||
Cenveo, Inc. * | 49,375 | 350 | ||||||
Clean Harbors, Inc. * | 3,265 | 184 | ||||||
CompX International, Inc. | 1,000 | 7 | ||||||
COMSYS IT Partners, Inc. * | 25,000 | 171 | ||||||
Consolidated Graphics, Inc. * | 11,520 | 231 | ||||||
Copart, Inc. * | 6,265 | 202 | ||||||
Cornell Cos., Inc. * | 5,300 | 121 | ||||||
CoStar Group, Inc. * | 2,140 | 83 | ||||||
Courier Corp. | 4,055 | 60 | ||||||
CRA International, Inc. * | 2,745 | 68 | ||||||
Diamond Management & Technology Consultants, Inc. | 17,100 | 101 | ||||||
EnergySolutions, Inc. | 45,500 | 379 | ||||||
Ennis, Inc. | 10,440 | 158 | ||||||
First Advantage Corp., Class A * | 14,200 | 250 | ||||||
FTI Consulting, Inc. * | 5,845 | 239 | ||||||
G & K Services, Inc., Class A | 7,290 | 161 | ||||||
Healthcare Services Group, Inc. | 5,270 | 104 | ||||||
Heidrick & Struggles International, Inc. | 5,170 | 141 | ||||||
Herman Miller, Inc. | 18,610 | 288 | ||||||
Hudson Highland Group, Inc. * | 70,585 | 229 | ||||||
Huron Consulting Group, Inc. * | 1,600 | 37 | ||||||
ICT Group, Inc. * | 10,300 | 163 | ||||||
IHS, Inc., Class A * | 3,410 | 176 | ||||||
Interface, Inc., Class A | 50,585 | 393 | ||||||
Intersections, Inc. * | 2,000 | 11 | ||||||
Kforce, Inc. * | 16,700 | 196 | ||||||
Kimball International, Inc., Class B | 29,325 | 220 | ||||||
Knoll, Inc. | 26,300 | 258 | ||||||
Korn/Ferry International * | 14,330 | 229 | ||||||
LECG Corp. * | 21,755 | 75 | ||||||
M&F Worldwide Corp. * | 11,333 | 241 | ||||||
McGrath Rentcorp | 6,625 | 131 | ||||||
Metalico, Inc. * | 29,700 | 120 | ||||||
Mine Safety Appliances Co. | 8,725 | 222 | ||||||
Mobile Mini, Inc. * | 11,625 | 169 | ||||||
Monster Worldwide, Inc. * | 26,280 | 382 | ||||||
Navigant Consulting, Inc. * | 9,625 | 137 | ||||||
On Assignment, Inc. * | 2,300 | 14 | ||||||
Resources Connection, Inc. * | 13,060 | 226 | ||||||
Rollins, Inc. | 3,715 | 67 | ||||||
Schawk, Inc. | 2,660 | 26 | ||||||
School Specialty, Inc. * | 11,800 | 263 | ||||||
Spherion Corp. * | 176,510 | 874 | ||||||
Standard Parking Corp. * | 1,600 | 28 | ||||||
Stericycle, Inc. * | 4,490 | 235 | ||||||
Sykes Enterprises, Inc. * | 8,030 | 191 | ||||||
Team, Inc. * | 2,700 | 44 | ||||||
Tetra Tech, Inc. * | 9,095 | 234 | ||||||
The Advisory Board Co. * | 2,530 | 62 | ||||||
The Corporate Executive Board Co. | 6,870 | 165 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
The Geo Group, Inc. * | 11,110 | 235 | ||||||
The Standard Register Co. | 21,850 | 104 | ||||||
TrueBlue, Inc. * | 22,330 | 270 | ||||||
Viad Corp. | 10,465 | 183 | ||||||
Waste Connections, Inc. * | 10,230 | 322 | ||||||
Waste Services, Inc. * | 11,100 | 73 | ||||||
Watson Wyatt Worldwide, Inc., Class A | 4,215 | 184 | ||||||
WCA Waste Corp. * | 9,700 | 39 | ||||||
13,749 | ||||||||
Consumer Durables & Apparel 5.4% | ||||||||
American Greetings Corp., Class A | 62,100 | 1,263 | ||||||
Arctic Cat, Inc. | 18,300 | 109 | ||||||
Bassett Furniture Industries, Inc. | 39,600 | 153 | ||||||
Blyth, Inc. | 5,972 | 212 | ||||||
Brookfield Homes Corp. * | 64,900 | 365 | ||||||
Callaway Golf Co. | 23,055 | 158 | ||||||
Carter’s, Inc. * | 6,265 | 148 | ||||||
Champion Enterprises, Inc. * | 158,605 | 38 | ||||||
Cherokee, Inc. | 1,000 | 19 | ||||||
Columbia Sportswear Co. | 2,880 | 110 | ||||||
Crocs, Inc. * | 36,760 | 223 | ||||||
CSS Industries, Inc. | 2,675 | 54 | ||||||
Deckers Outdoor Corp. * | 2,750 | 247 | ||||||
Ethan Allen Interiors, Inc. | 20,365 | 254 | ||||||
Fossil, Inc. * | 8,965 | 240 | ||||||
G-III Apparel Group Ltd. * | 14,900 | 239 | ||||||
Helen of Troy Ltd. * | 10,830 | 247 | ||||||
Hooker Furniture Corp. | 5,200 | 67 | ||||||
Iconix Brand Group, Inc. * | 13,830 | 161 | ||||||
JAKKS Pacific, Inc. * | 15,725 | 224 | ||||||
K-Swiss, Inc., Class A | 10,630 | 87 | ||||||
Kenneth Cole Productions, Inc., Class A | 8,240 | 78 | ||||||
Kid Brands, Inc. * | 81,855 | 407 | ||||||
La-Z-Boy, Inc. | 220,620 | 1,566 | ||||||
Leapfrog Enterprises, Inc. * | 57,335 | 189 | ||||||
Lifetime Brands, Inc. | 48,500 | 294 | ||||||
Lululemon Athletica, Inc. * | 6,700 | 168 | ||||||
M/I Homes, Inc. * | 28,200 | 315 | ||||||
Maidenform Brands, Inc. * | 1,400 | 20 | ||||||
Marine Products Corp. | 1,280 | 6 | ||||||
Meritage Homes Corp. * | 27,140 | 495 | ||||||
Movado Group, Inc. | 14,420 | 151 | ||||||
National Presto Industries, Inc. | 745 | 65 | ||||||
Nautilus, Inc. * | 105,957 | 190 | ||||||
Orleans Homebuilders, Inc. * | 13,000 | 28 | ||||||
Oxford Industries, Inc. | 37,830 | 732 | ||||||
Palm Harbor Homes, Inc. * | 24,900 | 55 | ||||||
Perry Ellis International, Inc. * | 23,600 | 323 | ||||||
Phillips-Van Heusen Corp. | 15,610 | 627 | ||||||
Polaris Industries, Inc. | 13,880 | 584 | ||||||
Pool Corp. | 14,880 | 291 | ||||||
RC2 Corp. * | 23,120 | 302 | ||||||
Sealy Corp. * | 92,770 | 269 | ||||||
Skechers U.S.A., Inc., Class A * | 28,845 | 629 | ||||||
Skyline Corp. | 2,585 | 45 | ||||||
Stanley Furniture Co., Inc. | 200 | 2 | ||||||
Steinway Musical Instruments, Inc. * | 6,500 | 76 | ||||||
Steven Madden Ltd. * | 5,755 | 233 | ||||||
Tempur-Pedic International, Inc. * | 22,315 | 432 | ||||||
The Timberland Co., Class A * | 20,100 | 325 | ||||||
The Warnaco Group, Inc. * | 12,180 | 494 | ||||||
Tupperware Brands Corp. | 18,480 | 832 | ||||||
Under Armour, Inc., Class A * | 4,815 | 129 | ||||||
Unifi, Inc. * | 162,300 | 451 | ||||||
UniFirst Corp. | 7,705 | 324 | ||||||
Volcom, Inc. * | 1,700 | 28 | ||||||
Weyco Group, Inc. | 3,300 | 74 | ||||||
Wolverine World Wide, Inc. | 12,990 | 332 | ||||||
16,179 | ||||||||
Consumer Services 4.6% | ||||||||
Ameristar Casinos, Inc. | 9,075 | 134 | ||||||
Bally Technologies, Inc. * | 8,375 | 330 | ||||||
Benihana, Inc. * | 15,300 | 94 | ||||||
Benihana, Inc., Class A * | 24,800 | 120 | ||||||
Bluegreen Corp. * | 75,870 | 218 | ||||||
Bob Evans Farms, Inc. | 14,055 | 369 | ||||||
Brink’s Home Security Holdings, Inc. * | 5,320 | 165 | ||||||
Buffalo Wild Wings, Inc. * | 2,400 | 98 | ||||||
California Pizza Kitchen, Inc. * | 7,900 | 103 | ||||||
Capella Education Co. * | 1,440 | 99 | ||||||
Carriage Services, Inc. * | 19,900 | 76 | ||||||
Carrols Restaurant Group, Inc. * | 21,300 | 138 | ||||||
CEC Entertainment, Inc. * | 6,880 | 201 | ||||||
Chipotle Mexican Grill, Inc., Class A * | 1,060 | 86 | ||||||
Chipotle Mexican Grill, Inc., Class B * | 1,900 | 152 | ||||||
Choice Hotels International, Inc. | 3,240 | 97 | ||||||
Churchill Downs, Inc. | 1,395 | 44 | ||||||
CKE Restaurants, Inc. | 24,865 | 218 | ||||||
Coinstar, Inc. * | 4,225 | 134 | ||||||
Corinthian Colleges, Inc. * | 7,585 | 120 | ||||||
CPI Corp. | 9,800 | 111 | ||||||
Cracker Barrel Old Country Store, Inc. | 10,320 | 342 | ||||||
Denny’s Corp. * | 48,900 | 108 | ||||||
DeVry, Inc. | 2,945 | 163 | ||||||
DineEquity, Inc. | 15,230 | 322 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Dover Downs Gaming & Entertainment, Inc. | 17,740 | 84 | ||||||
Einstein Noah Restaurant Group, Inc. * | 5,700 | 74 | ||||||
Gaylord Entertainment Co. * | 29,280 | 440 | ||||||
Great Wolf Resorts, Inc. * | 44,400 | 148 | ||||||
Hillenbrand, Inc. | 7,500 | 150 | ||||||
International Speedway Corp., Class A | 12,650 | 323 | ||||||
Interval Leisure Group, Inc. * | 31,732 | 354 | ||||||
Isle of Capri Casinos, Inc. * | 32,315 | 250 | ||||||
ITT Educational Services, Inc. * | 1,335 | 121 | ||||||
Jackson Hewitt Tax Service, Inc. | 17,545 | 86 | ||||||
Krispy Kreme Doughnuts, Inc. * | 47,135 | 160 | ||||||
Landry’s Restaurants, Inc. * | 19,340 | 211 | ||||||
LIFE TIME FITNESS, Inc. * | 9,585 | 207 | ||||||
Lincoln Educational Services Corp. * | 5,960 | 118 | ||||||
Lodgian, Inc. * | 19,300 | 34 | ||||||
Luby’s, Inc. * | 1,900 | 7 | ||||||
Matthews International Corp., Class A | 4,515 | 166 | ||||||
McCormick & Schmick’s Seafood Restaurants, Inc. * | 23,500 | 142 | ||||||
Morgans Hotel Group * | 36,400 | 121 | ||||||
Morton’s Restaurant Group, Inc. * | 20,800 | 78 | ||||||
MTR Gaming Group, Inc. * | 33,095 | 72 | ||||||
Multimedia Games, Inc. * | 27,380 | 134 | ||||||
O’Charley’s, Inc. * | 48,175 | 338 | ||||||
Orient-Express Hotels Ltd., Class A | 50,390 | 433 | ||||||
P.F. Chang’s China Bistro, Inc. * | 7,155 | 209 | ||||||
Panera Bread Co., Class A * | 3,375 | 202 | ||||||
Papa John’s International, Inc. * | 6,310 | 142 | ||||||
Pinnacle Entertainment, Inc. * | 28,275 | 239 | ||||||
Pre-Paid Legal Services, Inc. * | 660 | 26 | ||||||
Red Lion Hotels Corp. * | 16,800 | 80 | ||||||
Red Robin Gourmet Burgers, Inc. * | 3,280 | 55 | ||||||
Ruby Tuesday, Inc. * | 200,050 | 1,332 | ||||||
Ruth’s Hospitality Group, Inc. * | 33,200 | 103 | ||||||
Scientific Games Corp., Class A * | 15,470 | 218 | ||||||
Shuffle Master, Inc. * | 10,900 | 85 | ||||||
Sonic Corp. * | 12,880 | 120 | ||||||
Sotheby’s | 25,420 | 403 | ||||||
Speedway Motorsports, Inc. | 5,915 | 80 | ||||||
Steiner Leisure Ltd. * | 3,060 | 113 | ||||||
Stewart Enterprises, Inc., Class A | 44,440 | 204 | ||||||
Strayer Education, Inc. | 400 | 81 | ||||||
Texas Roadhouse, Inc., Class A * | 11,610 | 110 | ||||||
The Cheesecake Factory, Inc. * | 25,635 | 466 | ||||||
The Marcus Corp. | 9,830 | 115 | ||||||
The Steak n Shake Co. * | 12,970 | 151 | ||||||
Town Sports International Holdings, Inc. * | 29,400 | 87 | ||||||
Universal Technical Institute, Inc. * | 5,380 | 97 | ||||||
Vail Resorts, Inc. * | 3,960 | 136 | ||||||
Weight Watchers International, Inc. | 5,092 | 135 | ||||||
Wendy’s/Arby’s Group, Inc., Class A | 34,700 | 137 | ||||||
WMS Industries, Inc. * | 5,712 | 228 | ||||||
13,647 | ||||||||
Diversified Financials 4.3% | ||||||||
Advance America Cash Advance Centers, Inc. | 148,495 | 734 | ||||||
Advanta Corp., Class A | 352 | — | ||||||
Advanta Corp., Class B | 104,442 | 34 | ||||||
Ares Capital Corp. | 56,455 | 589 | ||||||
Asset Acceptance Capital Corp. * | 23,910 | 174 | ||||||
ASTA Funding, Inc. | 34,400 | 225 | ||||||
BGC Partners, Inc., Class A | 51,380 | 248 | ||||||
BlackRock Kelso Capital Corp. | 44,108 | 322 | ||||||
Calamos Asset Management, Inc., Class A | 32,415 | 344 | ||||||
Capital Southwest Corp. | 666 | 49 | ||||||
Cardtronics, Inc. * | 20,100 | 200 | ||||||
Cash America International, Inc. | 5,305 | 161 | ||||||
Cohen & Steers, Inc. | 3,340 | 65 | ||||||
Compass Diversified Holdings | 11,460 | 117 | ||||||
Cowen Group, Inc. * | 11,000 | 83 | ||||||
Credit Acceptance Corp. * | 2,675 | 92 | ||||||
Dollar Financial Corp. * | 13,625 | 256 | ||||||
Eaton Vance Corp. | 16,945 | 481 | ||||||
Encore Capital Group, Inc. * | 13,755 | 206 | ||||||
Evercore Partners, Inc., Class A | 5,400 | 176 | ||||||
EZCORP, Inc., Class A * | 10,300 | 134 | ||||||
FBR Capital Markets Corp. * | 41,800 | 255 | ||||||
Financial Federal Corp. | 6,110 | 125 | ||||||
First Cash Financial Services, Inc. * | 5,090 | 87 | ||||||
GAMCO Investors, Inc., Class A | 2,935 | 124 | ||||||
GFI Group, Inc. | 32,720 | 169 | ||||||
Gladstone Capital Corp. | 3,100 | 25 | ||||||
Gladstone Investment Corp. | 4,200 | 21 | ||||||
Greenhill & Co., Inc. | 835 | 72 | ||||||
Hercules Technology Growth Capital, Inc. | 14,220 | 133 | ||||||
HFF, Inc., Class A * | 16,200 | 93 | ||||||
IntercontinentalExchange, Inc. * | 3,305 | 331 | ||||||
International Assets Holding Corp. * | 28,974 | 521 | ||||||
Investment Technology Group, Inc. * | 10,655 | 230 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Jefferies Group, Inc. * | 13,660 | 357 | ||||||
KBW, Inc. * | 4,000 | 112 | ||||||
Knight Capital Group, Inc., Class A * | 15,305 | 258 | ||||||
Kohlberg Capital Corp. | 40,400 | 215 | ||||||
LaBranche & Co., Inc. * | 24,575 | 68 | ||||||
Lazard Ltd., Class A | 9,845 | 372 | ||||||
Marlin Business Services Corp. * | 6,300 | 42 | ||||||
MCG Capital Corp. * | 299,555 | 1,195 | ||||||
Nelnet, Inc., Class A * | 22,640 | 318 | ||||||
NewStar Financial, Inc. * | 48,900 | 123 | ||||||
NGP Capital Resources Co. | 3,200 | 23 | ||||||
optionsXpress Holdings, Inc. | 4,890 | 76 | ||||||
Patriot Capital Funding, Inc. | 38,200 | 147 | ||||||
Penson Worldwide, Inc. * | 13,900 | 136 | ||||||
PICO Holdings, Inc. * | 2,695 | 91 | ||||||
Piper Jaffray Cos., Inc. * | 10,305 | 478 | ||||||
Portfolio Recovery Associates, Inc. * | 3,645 | 168 | ||||||
Prospect Capital Corp. | 12,298 | 122 | ||||||
Rewards Network, Inc. | 2,451 | 26 | ||||||
Riskmetrics Group, Inc. * | 4,720 | 69 | ||||||
Sanders Morris Harris Group, Inc. | 1,800 | 10 | ||||||
Stifel Financial Corp. * | 2,710 | 141 | ||||||
SWS Group, Inc. | 8,120 | 109 | ||||||
Teton Advisors, Inc., Class B (b)* | 52 | — | ||||||
The First Marblehead Corp. * | 134,400 | 263 | ||||||
Thomas Weisel Partners Group, Inc. * | 17,819 | 81 | ||||||
TICC Capital Corp. | 10,400 | 51 | ||||||
W.P. Carey & Co., LLC | 10,425 | 289 | ||||||
Waddell & Reed Financial, Inc., Class A | 13,820 | 388 | ||||||
World Acceptance Corp. * | 5,560 | 139 | ||||||
12,743 | ||||||||
Energy 6.1% | ||||||||
Adams Resources & Energy, Inc. | 4,200 | 95 | ||||||
Allis-Chalmers Energy, Inc. * | 68,000 | 237 | ||||||
Approach Resources, Inc. * | 6,300 | 49 | ||||||
Arena Resources, Inc. * | 2,240 | 83 | ||||||
Atlas Energy, Inc. | 29,796 | 780 | ||||||
ATP Oil & Gas Corp. * | 36,885 | 638 | ||||||
Atwood Oceanics, Inc. * | 11,400 | 405 | ||||||
Basic Energy Services, Inc. * | 23,985 | 168 | ||||||
Berry Petroleum Co., Class A | 23,820 | 604 | ||||||
Bill Barrett Corp. * | 3,540 | 110 | ||||||
Brigham Exploration Co. * | 89,935 | 854 | ||||||
Bristow Group, Inc. * | 9,705 | 283 | ||||||
Bronco Drilling Co., Inc. * | 2,105 | 13 | ||||||
Cabot Oil & Gas Corp. | 12,090 | 465 | ||||||
Cal Dive International, Inc. * | 20,043 | 154 | ||||||
Callon Petroleum Co. * | 59,870 | 96 | ||||||
CARBO Ceramics, Inc. | 3,080 | 180 | ||||||
Carrizo Oil & Gas, Inc. * | 5,205 | 121 | ||||||
Clayton Williams Energy, Inc. * | 5,385 | 141 | ||||||
Comstock Resources, Inc. * | 8,255 | 339 | ||||||
Concho Resources, Inc. * | 7,540 | 287 | ||||||
Contango Oil & Gas Co. * | 760 | 36 | ||||||
Copano Energy LLC | 16,540 | 282 | ||||||
Core Laboratories N.V. | 1,445 | 151 | ||||||
Crosstex Energy, Inc. | 78,100 | 439 | ||||||
Dawson Geophysical Co. * | 4,600 | 111 | ||||||
Delta Petroleum Corp. * | 59,635 | 78 | ||||||
DHT Maritime, Inc. | 4,900 | 17 | ||||||
Dresser-Rand Group, Inc. * | 13,930 | 410 | ||||||
Dril-Quip, Inc. * | 5,485 | 266 | ||||||
Encore Acquisition Co. * | 9,445 | 350 | ||||||
EXCO Resources, Inc. | 19,365 | 302 | ||||||
Global Industries Ltd. * | 61,165 | 446 | ||||||
Goodrich Petroleum Corp. * | 1,200 | 31 | ||||||
Gulf Island Fabrication, Inc. | 6,900 | 132 | ||||||
GulfMark Offshore, Inc. * | 5,905 | 163 | ||||||
Gulfport Energy Corp. * | 24,400 | 186 | ||||||
Harvest Natural Resources, Inc. * | 19,150 | 105 | ||||||
Hornbeck Offshore Services, Inc. * | 8,880 | 216 | ||||||
International Coal Group, Inc. * | 85,855 | 351 | ||||||
ION Geophysical Corp. * | 109,405 | 419 | ||||||
James River Coal Co. * | 4,100 | 78 | ||||||
Knightsbridge Tankers Ltd. | 11,790 | 149 | ||||||
Lufkin Industries, Inc. | 3,155 | 180 | ||||||
Matrix Service Co. * | 9,900 | 88 | ||||||
McMoRan Exploration Co. * | 39,360 | 303 | ||||||
NATCO Group, Inc., Class A * | 4,000 | 175 | ||||||
Newpark Resources, Inc. * | 33,940 | 102 | ||||||
Nordic American Tanker Shipping Ltd. | 8,585 | 243 | ||||||
Oceaneering International, Inc. * | 8,240 | 421 | ||||||
Parker Drilling Co. * | 102,710 | 534 | ||||||
Patriot Coal Corp. * | 17,100 | 193 | ||||||
Penn Virginia Corp. | 15,000 | 304 | ||||||
Petroleum Development Corp. * | 8,855 | 148 | ||||||
PetroQuest Energy, Inc. * | 31,285 | 192 | ||||||
PHI, Inc. * | 10,785 | 185 | ||||||
Quicksilver Resources, Inc. * | 15,500 | 189 | ||||||
Rosetta Resources, Inc. * | 39,410 | 533 | ||||||
RPC, Inc. | 8,965 | 84 | ||||||
St. Mary Land & Exploration Co. | 16,920 | 577 | ||||||
StealthGas, Inc. | 17,800 | 114 | ||||||
Superior Well Services, Inc. * | 11,000 | 117 | ||||||
Swift Energy Co. * | 39,105 | 828 | ||||||
T-3 Energy Services, Inc. * | 1,400 | 28 | ||||||
Teekay Tankers Ltd., Class A | 600 | 5 | ||||||
TETRA Technologies, Inc. * | 59,360 | 562 | ||||||
The Meridian Resource Corp. * | 261,762 | 84 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Top Ships, Inc. * | 16,300 | 16 | ||||||
Trico Marine Services, Inc. * | 23,700 | 145 | ||||||
Tsakos Energy Navigation Ltd. | 9,130 | 142 | ||||||
Ultra Petroleum Corp. * | 7,360 | 357 | ||||||
Union Drilling, Inc. * | 16,100 | 123 | ||||||
VAALCO Energy, Inc. * | 7,640 | 33 | ||||||
Venoco, Inc. * | 17,700 | 223 | ||||||
Warren Resources, Inc. * | 57,100 | 123 | ||||||
Willbros Group, Inc. * | 12,000 | 158 | ||||||
18,329 | ||||||||
Food & Staples Retailing 0.5% | ||||||||
Arden Group, Inc., Class A | 100 | 11 | ||||||
Ingles Markets, Inc., Class A | 10,900 | 168 | ||||||
PriceSmart, Inc. | 3,240 | 62 | ||||||
Spartan Stores, Inc. | 13,000 | 184 | ||||||
Susser Holdings Corp. * | 13,600 | 162 | ||||||
The Andersons, Inc. | 10,625 | 330 | ||||||
United Natural Foods, Inc. * | 18,135 | 437 | ||||||
Village Super Market, Inc., Class A | 2,102 | 63 | ||||||
Weis Markets, Inc. | 3,640 | 129 | ||||||
1,546 | ||||||||
Food, Beverage & Tobacco 1.5% | ||||||||
Alliance One International, Inc. * | 42,930 | 189 | ||||||
B&G Foods, Inc., Class A | 21,780 | 170 | ||||||
Cal-Maine Foods, Inc. | 3,200 | 87 | ||||||
Central European Distribution Corp. * | 34,300 | 1,067 | ||||||
Coca-Cola Bottling Co. | 3,800 | 171 | ||||||
Darling International, Inc. * | 24,820 | 172 | ||||||
Diamond Foods, Inc. | 2,100 | 63 | ||||||
Farmer Brothers Co. | 3,009 | 57 | ||||||
Flowers Foods, Inc. | 10,457 | 244 | ||||||
Green Mountain Coffee Roasters, Inc. * | 1,360 | 90 | ||||||
Hansen Natural Corp. * | 2,355 | 85 | ||||||
Imperial Sugar Co. | 14,400 | 180 | ||||||
J & J Snack Foods Corp. | 2,235 | 88 | ||||||
Lancaster Colony Corp. | 3,265 | 159 | ||||||
Lance, Inc. | 4,560 | 110 | ||||||
MGP Ingredients, Inc. * | 14,900 | 65 | ||||||
National Beverage Corp. * | 5,000 | 55 | ||||||
Reddy Ice Holdings, Inc. * | 81,610 | 322 | ||||||
Sanderson Farms, Inc. | 3,200 | 117 | ||||||
Synutra International, Inc. * | 7,900 | 96 | ||||||
The Boston Beer Co., Inc., Class A * | 3,000 | 114 | ||||||
The Hain Celestial Group, Inc. * | 14,670 | 257 | ||||||
Tootsie Roll Industries, Inc. | 5,888 | 146 | ||||||
TreeHouse Foods, Inc. * | 6,085 | 228 | ||||||
Vector Group Ltd. | 7,140 | 104 | ||||||
4,436 | ||||||||
Health Care Equipment & Services 4.5% | ||||||||
Air Methods Corp. * | 2,700 | 83 | ||||||
Align Technology, Inc. * | 9,400 | 148 | ||||||
Alliance HealthCare Services, Inc. * | 6,675 | 36 | ||||||
Allscripts-Misys Healthcare Solutions, Inc. * | 5,680 | 111 | ||||||
Amedisys, Inc. * | 3,470 | 138 | ||||||
America Service Group, Inc. | 2,900 | 38 | ||||||
American Dental Partners, Inc. * | 3,100 | 37 | ||||||
American Medical Systems Holdings, Inc. * | 8,315 | 128 | ||||||
AMN Healthcare Services, Inc. * | 16,445 | 137 | ||||||
AmSurg Corp. * | 9,225 | 194 | ||||||
Analogic Corp. | 2,365 | 88 | ||||||
AngioDynamics, Inc. * | 1,900 | 29 | ||||||
Animal Health International, Inc. * | 60,000 | 146 | ||||||
Assisted Living Concepts, Inc., Class A * | 720 | 15 | ||||||
BioScrip, Inc. * | 67,100 | 506 | ||||||
Cantel Medical Corp. * | 1,800 | 29 | ||||||
Capital Senior Living Corp. * | 4,600 | 24 | ||||||
Cardiac Science Corp. * | 7,200 | 25 | ||||||
Catalyst Health Solutions, Inc. * | 6,000 | 188 | ||||||
Centene Corp. * | 12,340 | 220 | ||||||
Chemed Corp. | 3,095 | 140 | ||||||
CONMED Corp. * | 13,295 | 282 | ||||||
CorVel Corp. * | 5,801 | 165 | ||||||
Cross Country Healthcare, Inc. * | 16,265 | 134 | ||||||
Eclipsys Corp. * | 7,620 | 143 | ||||||
Edwards Lifesciences Corp. * | 4,450 | 342 | ||||||
Emergency Medical Services Corp., Class A * | 16,080 | 772 | ||||||
Emeritus Corp. * | 14,600 | 272 | ||||||
Ensign Group, Inc. | 6,420 | 95 | ||||||
ev3, Inc. * | 10,000 | 118 | ||||||
Five Star Quality Care, Inc. * | 52,800 | 182 | ||||||
Gen-Probe, Inc. * | 3,415 | 143 | ||||||
Gentiva Health Services, Inc. * | 8,225 | 197 | ||||||
Greatbatch, Inc. * | 4,920 | 97 | ||||||
Haemonetics Corp. * | 2,500 | 129 | ||||||
Hanger Orthopedic Group, Inc. * | 600 | 8 | ||||||
HEALTHSOUTH Corp. * | 23,420 | 342 | ||||||
Healthspring, Inc. * | 18,270 | 262 | ||||||
HealthTronics, Inc. * | 56,824 | 130 | ||||||
Healthways, Inc. * | 13,460 | 217 | ||||||
ICU Medical, Inc. * | 950 | 33 | ||||||
IDEXX Laboratories, Inc. * | 6,100 | 312 | ||||||
Immucor, Inc. * | 1,500 | 27 | ||||||
Integra LifeSciences Holdings * | 3,020 | 92 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Intuitive Surgical, Inc. * | 2,675 | 659 | ||||||
Invacare Corp. | 11,065 | 248 | ||||||
inVentiv Health, Inc. * | 11,370 | 193 | ||||||
Landauer, Inc. | 650 | 34 | ||||||
LCA-Vision, Inc. * | 12,530 | 56 | ||||||
LHC Group, Inc. * | 3,760 | 105 | ||||||
MedCath Corp. * | 13,080 | 107 | ||||||
Medical Action Industries, Inc. * | 1,900 | 21 | ||||||
MEDNAX, Inc. * | 7,955 | 413 | ||||||
Meridian Bioscience, Inc. | 6,125 | 136 | ||||||
Merit Medical Systems, Inc. * | 1,820 | 31 | ||||||
Molina Healthcare, Inc. * | 1,705 | 32 | ||||||
MWI Veterinary Supply, Inc. * | 3,300 | 117 | ||||||
National Healthcare Corp. | 1,250 | 45 | ||||||
Odyssey HealthCare, Inc. * | 6,800 | 95 | ||||||
Orthofix International N.V. * | 5,960 | 191 | ||||||
PDI, Inc. * | 700 | 4 | ||||||
PharMerica Corp. * | 7,040 | 109 | ||||||
Phase Forward, Inc. * | 2,120 | 28 | ||||||
Providence Service Corp. * | 15,500 | 193 | ||||||
PSS World Medical, Inc. * | 13,670 | 276 | ||||||
Psychiatric Solutions, Inc. * | 10,395 | 215 | ||||||
Quality Systems, Inc. | 2,430 | 148 | ||||||
RehabCare Group, Inc. * | 6,945 | 130 | ||||||
Res-Care, Inc. * | 8,125 | 98 | ||||||
ResMed, Inc. * | 4,120 | 203 | ||||||
Sirona Dental Systems, Inc. * | 4,690 | 126 | ||||||
Skilled Healthcare Group, Inc., Class A * | 20,060 | 161 | ||||||
SonoSite, Inc. * | 4,080 | 101 | ||||||
STERIS Corp. | 9,610 | 281 | ||||||
Sun Healthcare Group, Inc. * | 10,800 | 98 | ||||||
SurModics, Inc. * | 4,160 | 107 | ||||||
Symmetry Medical, Inc. * | 4,770 | 38 | ||||||
The Cooper Cos., Inc. | 9,585 | 269 | ||||||
Thoratec Corp. * | 3,200 | 84 | ||||||
TomoTherapy, Inc. * | 29,600 | 98 | ||||||
Triple-S Management Corp., Class B * | 14,700 | 246 | ||||||
VCA Antech, Inc. * | 9,375 | 223 | ||||||
WellCare Health Plans, Inc. * | 15,085 | 394 | ||||||
West Pharmaceutical Services, Inc. | 4,340 | 171 | ||||||
Wright Medical Group, Inc. * | 7,840 | 127 | ||||||
Zoll Medical Corp. * | 4,725 | 92 | ||||||
13,457 | ||||||||
Household & Personal Products 0.5% | ||||||||
Central Garden & Pet Co. * | 11,000 | 109 | ||||||
Central Garden & Pet Co., Class A * | 20,430 | 193 | ||||||
Chattem, Inc. * | 755 | 48 | ||||||
Elizabeth Arden, Inc. * | 26,370 | 281 | ||||||
Herbalife Ltd. | 7,105 | 239 | ||||||
Inter Parfums, Inc. | 5,050 | 62 | ||||||
Mannatech, Inc. | 9,900 | 33 | ||||||
Nu Skin Enterprises, Inc., Class A | 11,410 | 260 | ||||||
Prestige Brands Holdings, Inc. * | 10,310 | 70 | ||||||
USANA Health Sciences, Inc. * | 2,530 | 73 | ||||||
WD-40 Co. | 2,215 | 70 | ||||||
1,438 | ||||||||
Insurance 3.0% | ||||||||
Affirmative Insurance Holdings, Inc. | 19,800 | 79 | ||||||
Ambac Financial Group, Inc. | 472,720 | 544 | ||||||
American Equity Investment Life Holding Co. | 36,215 | 238 | ||||||
American Physicians Capital, Inc. | 1,933 | 55 | ||||||
American Safety Insurance Holdings Ltd. * | 400 | 6 | ||||||
AMERISAFE, Inc. * | 5,600 | 104 | ||||||
AmTrust Financial Services, Inc. | 1,380 | 16 | ||||||
Argo Group International Holdings Ltd. * | 4,759 | 162 | ||||||
Assured Guaranty Ltd. | 53,605 | 889 | ||||||
Brown & Brown, Inc. | 15,490 | 285 | ||||||
Citizens, Inc. * | 11,680 | 70 | ||||||
CNA Surety Corp. * | 4,320 | 62 | ||||||
Crawford & Co., Class B * | 12,515 | 62 | ||||||
Delphi Financial Group, Inc., Class A | 26,860 | 583 | ||||||
Donegal Group, Inc., Class A | 5,800 | 85 | ||||||
EMC Insurance Group, Inc. | 200 | 4 | ||||||
Employers Holdings, Inc. | 13,800 | 205 | ||||||
Enstar Group Ltd. * | 1,410 | 86 | ||||||
FBL Financial Group, Inc., Class A | 43,200 | 870 | ||||||
First Acceptance Corp. * | 10,499 | 23 | ||||||
First Mercury Financial Corp. | 3,800 | 48 | ||||||
FPIC Insurance Group, Inc. * | 2,750 | 93 | ||||||
Greenlight Capital Re Ltd., Class A * | 6,000 | 112 | ||||||
Harleysville Group, Inc. | 7,535 | 236 | ||||||
Hilltop Holdings, Inc. * | 5,570 | 66 | ||||||
Horace Mann Educators Corp. | 21,590 | 268 | ||||||
Independence Holding Co. | 11,400 | 63 | ||||||
Infinity Property & Casualty Corp. | 4,165 | 161 | ||||||
Kansas City Life Insurance Co. | 1,677 | 45 | ||||||
Maiden Holdings Ltd. | 14,600 | 101 | ||||||
Max Capital Group Ltd. | 16,155 | 334 | ||||||
Meadowbrook Insurance Group, Inc. | 14,300 | 96 | ||||||
National Financial Partners Corp. * | 80,185 | 654 | ||||||
NYMAGIC, Inc. | 1,700 | 24 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
PMA Capital Corp., Class A * | 12,770 | 61 | ||||||
Presidential Life Corp. | 14,345 | 134 | ||||||
ProAssurance Corp. * | 5,845 | 294 | ||||||
RLI Corp. | 3,350 | 167 | ||||||
Safety Insurance Group, Inc. | 5,705 | 191 | ||||||
Seabright Insurance Holdings * | 6,300 | 70 | ||||||
Selective Insurance Group, Inc. | 16,400 | 251 | ||||||
State Auto Financial Corp. | 10,930 | 178 | ||||||
Stewart Information Services Corp. | 12,600 | 113 | ||||||
The Navigators Group, Inc. * | 2,565 | 136 | ||||||
Tower Group, Inc. | 3,200 | 79 | ||||||
United America Indemnity Ltd., Class A * | 31,740 | 222 | ||||||
United Fire & Casualty Co. | 5,860 | 102 | ||||||
Zenith National Insurance Corp. | 6,960 | 199 | ||||||
8,926 | ||||||||
Materials 6.0% | ||||||||
A. Schulman, Inc. | 13,470 | 234 | ||||||
A.M. Castle & Co. | 10,778 | 122 | ||||||
AEP Industries, Inc. * | 4,440 | 155 | ||||||
AMCOL International Corp. | 4,920 | 128 | ||||||
Arch Chemicals, Inc. | 9,390 | 260 | ||||||
Brush Engineered Materials, Inc. * | 8,460 | 156 | ||||||
Buckeye Technologies, Inc. * | 57,180 | 512 | ||||||
Bway Holding Co. * | 18,000 | 320 | ||||||
Calgon Carbon Corp. * | 2,800 | 44 | ||||||
Carpenter Technology Corp. | 19,680 | 414 | ||||||
Century Aluminum Co. * | 86,435 | 749 | ||||||
Clearwater Paper Corp. * | 16,480 | 746 | ||||||
Compass Minerals International, Inc. | 1,530 | 95 | ||||||
Deltic Timber Corp. | 600 | 26 | ||||||
Eagle Materials, Inc. | 13,070 | 325 | ||||||
Ferro Corp. | 169,530 | 1,039 | ||||||
Georgia Gulf Corp. * | 17,424 | 250 | ||||||
Glatfelter | 20,445 | 216 | ||||||
H.B. Fuller Co. | 13,280 | 254 | ||||||
Haynes International, Inc. * | 9,176 | 260 | ||||||
Headwaters, Inc. * | 135,180 | 557 | ||||||
Hecla Mining Co. * | 51,545 | 212 | ||||||
Horsehead Holding Corp. * | 33,500 | 319 | ||||||
ICO, Inc. * | 34,600 | 133 | ||||||
Innophos Holdings, Inc. | 4,050 | 78 | ||||||
Innospec, Inc. | 23,180 | 274 | ||||||
Kaiser Aluminum Corp. | 6,180 | 247 | ||||||
KapStone Paper & Packaging Corp. * | 35,700 | 248 | ||||||
Koppers Holdings, Inc. | 7,560 | 198 | ||||||
LSB Industries, Inc. * | 2,420 | 30 | ||||||
Mercer International, Inc. * | 223,800 | 479 | ||||||
Minerals Technologies, Inc. | 7,010 | 345 | ||||||
Myers Industries, Inc. | 23,005 | 202 | ||||||
Neenah Paper, Inc. | 21,465 | 222 | ||||||
NewMarket Corp. | 3,695 | 346 | ||||||
NL Industries, Inc. | 9,565 | 59 | ||||||
Olympic Steel, Inc. | 9,400 | 238 | ||||||
OM Group, Inc. * | 15,435 | 417 | ||||||
Omnova Solutions, Inc. * | 89,780 | 576 | ||||||
Penford Corp. | 11,300 | 67 | ||||||
Quaker Chemical Corp. | 10,700 | 221 | ||||||
Rock-Tenn Co., Class A | 7,135 | 313 | ||||||
Royal Gold, Inc. | 1,950 | 86 | ||||||
RTI International Metals, Inc. * | 10,980 | 227 | ||||||
Schnitzer Steel Industries, Inc., Class A | 9,210 | 398 | ||||||
Schweitzer-Mauduit International, Inc. | 6,586 | 340 | ||||||
Sensient Technologies Corp. | 12,945 | 327 | ||||||
Solutia, Inc. * | 65,840 | 724 | ||||||
Spartech Corp. | 63,965 | 612 | ||||||
Stepan Co. | 2,765 | 158 | ||||||
Stillwater Mining Co. * | 18,370 | 114 | ||||||
Texas Industries, Inc. | 11,785 | 392 | ||||||
Titanium Metals Corp. | 18,050 | 155 | ||||||
U.S. Concrete, Inc. * | 45,900 | 74 | ||||||
Universal Stainless & Alloy Products, Inc. * | 3,800 | 57 | ||||||
Valhi, Inc. | 4,900 | 46 | ||||||
Verso Paper Corp. | 128,000 | 301 | ||||||
W.R. Grace & Co. * | 45,305 | 992 | ||||||
Walter Energy, Inc. | 6,275 | 367 | ||||||
Wausau Paper Corp. | 32,410 | 284 | ||||||
Zep, Inc. | 5,600 | 96 | ||||||
Zoltek Cos., Inc. * | 8,200 | 73 | ||||||
17,909 | ||||||||
Media 4.3% | ||||||||
4Kids Entertainment, Inc. * | 53,100 | 96 | ||||||
AH Belo Corp., Class A * | 55,300 | 227 | ||||||
Arbitron, Inc. | 3,360 | 73 | ||||||
Carmike Cinemas, Inc. * | 45,675 | 449 | ||||||
CKX, Inc. * | 18,595 | 119 | ||||||
CTC Media, Inc. * | 17,200 | 277 | ||||||
Cumulus Media Inc., Class A * | 107,585 | 227 | ||||||
DreamWorks Animation SKG, Inc., Class A * | 12,445 | 398 | ||||||
Entravision Communications Corp., Class A * | 320,455 | 673 | ||||||
Fisher Communications, Inc. * | 3,800 | 74 | ||||||
Gray Television, Inc. * | 161,200 | 282 | ||||||
Harte-Hanks, Inc. | 23,835 | 280 | ||||||
John Wiley & Sons, Inc., Class A | 7,515 | 265 | ||||||
Journal Communications, Inc., Class A | 155,715 | 554 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Knology, Inc. * | 6,700 | 67 | ||||||
Lee Enterprises, Inc. * | 462,050 | 1,409 | ||||||
LIN TV Corp., Class A * | 228,333 | 895 | ||||||
LodgeNet Interactive Corp. * | 92,150 | 447 | ||||||
Martha Stewart Living Omnimedia, Inc., Class A * | 38,500 | 199 | ||||||
Marvel Entertainment, Inc. * | 5,915 | 296 | ||||||
Media General, Inc., Class A | 123,070 | 1,020 | ||||||
Mediacom Communications Corp., Class A * | 57,340 | 274 | ||||||
Morningstar, Inc. * | 1,435 | 73 | ||||||
New Frontier Media, Inc. * | 29,200 | 57 | ||||||
Nexstar Broadcasting Group, Inc., Class A * | 15,600 | 34 | ||||||
Playboy Enterprises, Inc., Class B * | 82,700 | 254 | ||||||
Radio One, Inc., Class D * | 130,630 | 231 | ||||||
RHI Entertainment, Inc. * | 31,100 | 82 | ||||||
Saga Communications, Inc., Class A * | 9,195 | 117 | ||||||
Salem Communications Corp., Class A * | 38,790 | 119 | ||||||
Sinclair Broadcast Group, Inc., Class A | 79,019 | 311 | ||||||
Spanish Broadcasting System, Inc., Class A * | 120,600 | 89 | ||||||
Valassis Communications, Inc. * | 149,985 | 2,734 | ||||||
World Wrestling Entertainment, Inc., Class A | 14,500 | 193 | ||||||
12,895 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.7% | ||||||||
Abraxis BioScience * | 1,600 | 50 | ||||||
Affymetrix, Inc. * | 40,490 | 212 | ||||||
Albany Molecular Research, Inc. * | 4,800 | 39 | ||||||
Alkermes, Inc. * | 3,600 | 29 | ||||||
Bruker Corp. * | 3,585 | 39 | ||||||
Cambrex Corp. * | 83,029 | 498 | ||||||
Celera Corp. * | 3,285 | 20 | ||||||
Celgene Corp. * | 4,920 | 251 | ||||||
Cubist Pharmaceuticals, Inc. * | 1,940 | 33 | ||||||
Dionex Corp. * | 2,050 | 139 | ||||||
Illumina, Inc. * | 2,160 | 69 | ||||||
K-V Pharmaceutical Co., Class A * | 236,064 | 897 | ||||||
Kendle International, Inc. * | 1,700 | 29 | ||||||
Martek Biosciences Corp. * | 4,840 | 87 | ||||||
Medicis Pharmaceutical Corp., Class A | 7,725 | 163 | ||||||
Myriad Genetics, Inc. * | 940 | 23 | ||||||
Par Pharmaceutical Cos., Inc. * | 12,670 | 266 | ||||||
PAREXEL International Corp. * | 16,320 | 204 | ||||||
PDL BioPharma, Inc. | 17,350 | 146 | ||||||
PerkinElmer, Inc. | 15,400 | 287 | ||||||
Perrigo Co. | 11,180 | 416 | ||||||
Salix Pharmaceuticals Ltd. * | 9,695 | 178 | ||||||
Techne Corp. | 2,665 | 166 | ||||||
The Medicines Co. * | 11,120 | 80 | ||||||
United Therapeutics Corp. * | 820 | 35 | ||||||
Valeant Pharmaceuticals International * | 9,340 | 275 | ||||||
Varian, Inc. * | 7,435 | 381 | ||||||
ViroPharma, Inc. * | 19,960 | 150 | ||||||
5,162 | ||||||||
Real Estate 7.4% | ||||||||
Acadia Realty Trust | 12,074 | 192 | ||||||
Agree Realty Corp. | 3,000 | 70 | ||||||
Alexander’s, Inc. * | 320 | 85 | ||||||
Altisource Portfolio Solutions S.A. * | 5,248 | 80 | ||||||
American Campus Communities, Inc. | 5,560 | 150 | ||||||
Anthracite Capital, Inc. * | 171,925 | 124 | ||||||
Anworth Mortgage Asset Corp. | 15,755 | 112 | ||||||
Arbor Realty Trust, Inc. | 177,300 | 355 | ||||||
Ashford Hospitality Trust * | 241,785 | 928 | ||||||
Associated Estates Realty Corp. | 3,300 | 30 | ||||||
Avatar Holdings, Inc. * | 3,945 | 64 | ||||||
BioMed Realty Trust, Inc. | 27,480 | 373 | ||||||
BRT Realty Trust * | 10,466 | 52 | ||||||
Capital Trust, Inc., Class A * | 91,500 | 179 | ||||||
CapLease, Inc. | 36,900 | 127 | ||||||
Capstead Mortgage Corp. | 13,550 | 178 | ||||||
Cedar Shopping Centers, Inc. | 11,845 | 72 | ||||||
Corporate Office Properties Trust | 9,535 | 316 | ||||||
DiamondRock Hospitality Co. * | 83,315 | 634 | ||||||
Digital Realty Trust, Inc. | 6,410 | 289 | ||||||
EastGroup Properties, Inc. | 4,850 | 178 | ||||||
Education Realty Trust, Inc. | 32,500 | 163 | ||||||
Entertainment Properties Trust | 17,030 | 579 | ||||||
Equity Lifestyle Properties, Inc. | 3,070 | 143 | ||||||
Essex Property Trust, Inc. | 4,456 | 335 | ||||||
Extra Space Storage, Inc. | 21,365 | 204 | ||||||
FelCor Lodging Trust, Inc. * | 317,550 | 1,000 | ||||||
First Potomac Realty Trust | 9,500 | 108 | ||||||
Forest City Enterprises, Inc., Class A | 80,060 | 698 | ||||||
Forestar Group, Inc. * | 15,560 | 230 | ||||||
Franklin Street Properties Corp. | 21,520 | 232 | ||||||
Getty Realty Corp. | 2,960 | 73 | ||||||
Glimcher Realty Trust | 158,425 | 428 | ||||||
Grubb & Ellis Co. * | 112,500 | 168 | ||||||
Hatteras Financial Corp. | 7,900 | 222 | ||||||
Hersha Hospitality Trust | 33,940 | 87 | ||||||
Home Properties, Inc. | 9,520 | 373 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
HomeBanc Corp. (b)(c) | 6,875 | — | ||||||
Inland Real Estate Corp. | 26,030 | 223 | ||||||
Investors Real Estate Trust | 7,325 | 61 | ||||||
Kilroy Realty Corp. | 14,115 | 390 | ||||||
Kite Realty Group Trust | 29,180 | 108 | ||||||
LaSalle Hotel Properties | 54,340 | 932 | ||||||
Lexington Realty Trust | 98,247 | 412 | ||||||
LTC Properties, Inc. | 6,830 | 162 | ||||||
Maguire Properties, Inc. * | 104,020 | 183 | ||||||
Maui Land & Pineapple Co., Inc. * | 3,600 | 22 | ||||||
Medical Properties Trust, Inc. | 40,600 | 325 | ||||||
MFA Financial, Inc. | 40,810 | 303 | ||||||
Mid-America Apartment Communities, Inc. | 7,745 | 339 | ||||||
Mission West Properties, Inc. | 15,600 | 104 | ||||||
National Health Investors, Inc. | 7,235 | 217 | ||||||
National Retail Properties, Inc. | 18,205 | 353 | ||||||
Newcastle Investment Corp. * | 840,950 | 1,615 | ||||||
NorthStar Realty Finance Corp. | 66,532 | 235 | ||||||
OMEGA Healthcare Investors, Inc. | 11,190 | 170 | ||||||
One Liberty Properties, Inc. | 19,280 | 161 | ||||||
Parkway Properties, Inc. | 18,420 | 325 | ||||||
Pennsylvania Real Estate Investment Trust | 77,800 | 570 | ||||||
Post Properties, Inc. | 25,720 | 424 | ||||||
PS Business Parks, Inc. | 3,950 | 193 | ||||||
RAIT Financial Trust | 259,263 | 480 | ||||||
Ramco-Gershenson Properties Trust | 22,170 | 196 | ||||||
Resource Capital Corp. | 38,600 | 187 | ||||||
Saul Centers, Inc. | 1,805 | 55 | ||||||
Sovran Self Storage, Inc. | 6,270 | 189 | ||||||
Strategic Hotel & Resorts, Inc. * | 235,255 | 416 | ||||||
Sun Communities, Inc. | 10,255 | 179 | ||||||
Sunstone Hotel Investors, Inc. * | 149,115 | 1,126 | ||||||
Tanger Factory Outlet Centers, Inc. | 5,090 | 194 | ||||||
Taubman Centers, Inc. | 7,295 | 223 | ||||||
The St. Joe Co. * | 12,470 | 299 | ||||||
U-Store-It Trust | 79,575 | 454 | ||||||
Universal Health Realty Income Trust | 900 | 29 | ||||||
Urstadt Biddle Properties, Class A | 9,495 | 140 | ||||||
Washington Real Estate Investment Trust | 14,255 | 381 | ||||||
Winthrop Realty Trust | 3,500 | 31 | ||||||
22,037 | ||||||||
Retailing 8.7% | ||||||||
1-800-FLOWERS.COM, Inc., Class A * | 60,547 | 233 | ||||||
99 Cents Only Stores * | 18,240 | 207 | ||||||
A.C. Moore Arts & Crafts, Inc. * | 59,960 | 287 | ||||||
Aaron’s, Inc. | 10,700 | 268 | ||||||
Aeropostale, Inc. * | 8,170 | 307 | ||||||
America’s Car-Mart, Inc. * | 2,400 | 50 | ||||||
Audiovox Corp., Class A * | 29,920 | 193 | ||||||
bebe stores, Inc. | 4,390 | 27 | ||||||
Big 5 Sporting Goods Corp. | 14,140 | 209 | ||||||
Books-A-Million, Inc. | 22,700 | 197 | ||||||
Brown Shoe Co., Inc. | 71,942 | 746 | ||||||
Build-A-Bear Workshop, Inc. * | 14,550 | 75 | ||||||
Cache, Inc. * | 40,500 | 195 | ||||||
Casual Male Retail Group, Inc. * | 175,500 | 441 | ||||||
Christopher & Banks Corp. | 35,840 | 218 | ||||||
Citi Trends, Inc. * | 3,900 | 103 | ||||||
Coldwater Creek, Inc. * | 54,860 | 315 | ||||||
Conn’s, Inc. * | 1,965 | 12 | ||||||
Cost Plus, Inc. * | 45,000 | 99 | ||||||
Destination Maternity Corp. * | 10,900 | 219 | ||||||
drugstore.com, Inc. * | 1,600 | 4 | ||||||
DSW, Inc., Class A * | 18,325 | 352 | ||||||
Fred’s, Inc., Class A | 22,270 | 264 | ||||||
Gaiam, Inc., Class A * | 12,700 | 83 | ||||||
Gander Mountain Co. * | 17,400 | 87 | ||||||
Genesco, Inc. * | 14,900 | 388 | ||||||
Guess?, Inc. | 7,555 | 276 | ||||||
Hastings Entertainment, Inc. * | 26,620 | 114 | ||||||
Haverty Furniture Cos., Inc. * | 9,600 | 116 | ||||||
hhgregg, Inc. * | 6,300 | 104 | ||||||
Hibbett Sports, Inc. * | 6,385 | 120 | ||||||
Hot Topic, Inc. * | 10,800 | 83 | ||||||
J. Crew Group, Inc. * | 9,250 | 377 | ||||||
Jo-Ann Stores, Inc. * | 17,250 | 459 | ||||||
Jos. A. Bank Clothiers, Inc. * | 4,790 | 196 | ||||||
Kirkland’s, Inc. * | 15,622 | 197 | ||||||
Lithia Motors, Inc., Class A * | 97,535 | 813 | ||||||
LKQ Corp. * | 10,800 | 187 | ||||||
MarineMax, Inc. * | 84,800 | 577 | ||||||
Monro Muffler Brake, Inc. | 860 | 27 | ||||||
Netflix, Inc. * | 6,355 | 340 | ||||||
New York & Co, Inc. * | 45,600 | 201 | ||||||
NutriSystem, Inc. | 6,930 | 149 | ||||||
Orbitz Worldwide, Inc. * | 56,400 | 295 | ||||||
Overstock.com, Inc. * | 2,960 | 41 | ||||||
Pacific Sunwear of California, Inc. * | 157,130 | 949 | ||||||
Pier 1 Imports, Inc. * | 814,385 | 2,867 | ||||||
Priceline.com, Inc. * | 2,220 | 350 | ||||||
Retail Ventures, Inc. * | 114,400 | 733 | ||||||
REX Stores Corp. * | 5,800 | 72 | ||||||
Sally Beauty Holdings, Inc. * | 33,365 | 225 | ||||||
Select Comfort Corp. * | 301,270 | 1,648 | ||||||
Shoe Carnival, Inc. * | 7,800 | 117 | ||||||
Shutterfly, Inc. * | 1,800 | 25 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Stage Stores, Inc. | 26,055 | 307 | ||||||
Stein Mart, Inc. * | 108,215 | 1,028 | ||||||
Syms Corp. * | 2,800 | 20 | ||||||
Systemax, Inc. * | 5,145 | 69 | ||||||
The Bon-Ton Stores, Inc. | 90,111 | 834 | ||||||
The Buckle, Inc. | 2,322 | 70 | ||||||
The Cato Corp., Class A | 10,595 | 209 | ||||||
The Children’s Place Retail Stores, Inc. * | 10,060 | 316 | ||||||
The Dress Barn, Inc. * | 25,175 | 454 | ||||||
The Finish Line, Inc., Class A | 44,452 | 451 | ||||||
The Gymboree Corp. * | 4,160 | 177 | ||||||
The Men’s Wearhouse, Inc. | 22,955 | 532 | ||||||
The Pep Boys — Manny, Moe & Jack | 67,515 | 592 | ||||||
The Talbots, Inc. | 38,080 | 345 | ||||||
The Wet Seal, Inc., Class A * | 38,060 | 121 | ||||||
Trans World Entertainment Corp. * | 47,400 | 65 | ||||||
Tuesday Morning Corp. * | 121,430 | 392 | ||||||
Tween Brands, Inc. * | 113,185 | 960 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 14,200 | 215 | ||||||
Urban Outfitters, Inc. * | 14,975 | 470 | ||||||
ValueVision Media, Inc., Class A * | 210,620 | 668 | ||||||
West Marine, Inc. * | 25,580 | 195 | ||||||
Zumiez, Inc. * | 3,780 | 51 | ||||||
25,778 | ||||||||
Semiconductors & Semiconductor Equipment 3.8% | ||||||||
Actel Corp. * | 6,830 | 81 | ||||||
Advanced Energy Industries, Inc. * | 10,220 | 125 | ||||||
Applied Micro Circuits Corp. * | 26,840 | 210 | ||||||
Atheros Communications * | 4,045 | 100 | ||||||
ATMI, Inc. * | 6,915 | 105 | ||||||
Axcelis Technologies, Inc. * | 165,160 | 157 | ||||||
Brooks Automation, Inc. * | 29,490 | 203 | ||||||
Cabot Microelectronics Corp. * | 6,730 | 215 | ||||||
ChipMOS TECHNOLOGIES (Bermuda) Ltd. * | 180,190 | 135 | ||||||
Cirrus Logic, Inc. * | 6,335 | 31 | ||||||
Cohu, Inc. | 5,710 | 65 | ||||||
Conexant Systems, Inc. * | 97,642 | 268 | ||||||
Cree, Inc. * | 12,995 | 547 | ||||||
Cymer, Inc. * | 7,420 | 254 | ||||||
Cypress Semiconductor Corp. * | 37,105 | 313 | ||||||
Diodes, Inc. * | 8,397 | 138 | ||||||
DSP Group, Inc. * | 10,640 | 61 | ||||||
Entegris, Inc. * | 280,945 | 1,056 | ||||||
Exar Corp. * | 10,015 | 69 | ||||||
FEI Co. * | 6,820 | 162 | ||||||
FormFactor, Inc. * | 10,265 | 174 | ||||||
Hittite Microwave Corp. * | 3,255 | 120 | ||||||
Integrated Device Technology, Inc. * | 58,580 | 344 | ||||||
Intersil Corp., Class A | 20,700 | 260 | ||||||
IXYS Corp. * | 7,300 | 49 | ||||||
Kulicke & Soffa Industries, Inc. * | 67,380 | 313 | ||||||
Mattson Technology, Inc. * | 82,780 | 175 | ||||||
Micrel, Inc. | 9,850 | 74 | ||||||
Microsemi Corp. * | 13,645 | 182 | ||||||
MKS Instruments, Inc. * | 14,850 | 232 | ||||||
OmniVision Technologies, Inc. * | 19,880 | 244 | ||||||
ON Semiconductor Corp. * | 74,434 | 498 | ||||||
Photronics, Inc. * | 139,425 | 583 | ||||||
PMC — Sierra, Inc. * | 18,425 | 157 | ||||||
Power Integrations, Inc. | 3,360 | 105 | ||||||
RF Micro Devices, Inc. * | 264,945 | 1,054 | ||||||
Rudolph Technologies, Inc. * | 14,180 | 90 | ||||||
Semtech Corp. * | 8,805 | 136 | ||||||
Sigma Designs, Inc. * | 350 | 4 | ||||||
Silicon Image, Inc. * | 7,960 | 17 | ||||||
Silicon Laboratories, Inc. * | 4,190 | 176 | ||||||
Silicon Storage Technology, Inc. * | 39,255 | 80 | ||||||
Skyworks Solutions, Inc. * | 38,310 | 400 | ||||||
Standard Microsystems Corp. * | 5,590 | 108 | ||||||
Tessera Technologies, Inc. * | 6,890 | 152 | ||||||
Trident Microsystems, Inc. * | 26,500 | 50 | ||||||
TriQuint Semiconductor, Inc. * | 42,060 | 227 | ||||||
Ultra Clean Holdings, Inc. * | 35,300 | 194 | ||||||
Varian Semiconductor Equipment Associates, Inc. * | 9,512 | 270 | ||||||
Veeco Instruments, Inc. * | 11,760 | 286 | ||||||
Verigy Ltd. * | 21,620 | 213 | ||||||
Zoran Corp. * | 20,235 | 179 | ||||||
11,441 | ||||||||
Software & Services 5.4% | ||||||||
Acxiom Corp. * | 35,115 | 403 | ||||||
Advent Software, Inc. * | 2,560 | 98 | ||||||
Akamai Technologies, Inc. * | 12,415 | 273 | ||||||
Amdocs Ltd. * | 3,280 | 83 | ||||||
ANSYS, Inc. * | 6,600 | 268 | ||||||
Ariba, Inc. * | 12,745 | 151 | ||||||
Blackboard, Inc. * | 2,720 | 96 | ||||||
CDC Corp., Class A * | 54,190 | 126 | ||||||
CIBER, Inc. * | 56,370 | 181 | ||||||
Commtouch Software Ltd. * | 2,000 | 6 | ||||||
Compuware Corp. * | 44,200 | 312 | ||||||
Concur Technologies, Inc. * | 4,300 | 153 | ||||||
CSG Systems International, Inc. * | 8,645 | 141 | ||||||
DealerTrack Holdings, Inc. * | 4,295 | 71 | ||||||
Digital River, Inc. * | 1,050 | 24 | ||||||
EarthLink, Inc. | 32,075 | 260 | ||||||
Epicor Software Corp. * | 24,065 | 186 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
EPIQ Systems, Inc. * | 7,870 | 99 | ||||||
Equinix, Inc. * | 2,770 | 236 | ||||||
Euronet Worldwide, Inc. * | 15,295 | 362 | ||||||
Exlservice Holdings, Inc. * | 2,700 | 37 | ||||||
FactSet Research Systems, Inc. | 2,465 | 158 | ||||||
Fair Isaac Corp. | 14,705 | 299 | ||||||
Forrester Research, Inc. * | 2,725 | 69 | ||||||
Gartner, Inc. * | 7,800 | 145 | ||||||
Genpact Ltd. * | 9,750 | 116 | ||||||
Global Cash Access Holdings, Inc. * | 23,735 | 150 | ||||||
Global Payments, Inc. | 8,370 | 412 | ||||||
GSI Commerce, Inc. * | 8,280 | 157 | ||||||
Heartland Payment Systems, Inc. | 8,165 | 100 | ||||||
iGATE Corp. | 600 | 5 | ||||||
infoGROUP, Inc. * | 22,035 | 145 | ||||||
Informatica Corp. * | 8,055 | 171 | ||||||
Internap Network Services Corp. * | 4,300 | 14 | ||||||
Ipass, Inc. * | 27,100 | 35 | ||||||
j2 Global Communications, Inc. * | 5,285 | 108 | ||||||
Jack Henry & Associates, Inc. | 12,180 | 281 | ||||||
JDA Software Group, Inc. * | 8,485 | 168 | ||||||
Kenexa Corp. * | 11,400 | 144 | ||||||
Lawson Software, Inc. * | 26,700 | 168 | ||||||
Lionbridge Technologies, Inc. * | 41,200 | 86 | ||||||
Manhattan Associates, Inc. * | 1,495 | 34 | ||||||
ManTech International Corp., Class A * | 4,300 | 189 | ||||||
Marchex, Inc., Class B | 5,900 | 27 | ||||||
MAXIMUS, Inc. | 2,745 | 127 | ||||||
Mentor Graphics Corp. * | 37,420 | 273 | ||||||
MICROS Systems, Inc. * | 10,840 | 292 | ||||||
MicroStrategy, Inc., Class A * | 2,728 | 238 | ||||||
ModusLink Global Solutions, Inc. * | 74,275 | 611 | ||||||
Ness Technologies, Inc. * | 8,700 | 57 | ||||||
Net 1 UEPS Technologies, Inc. * | 9,460 | 165 | ||||||
NeuStar, Inc., Class A * | 6,175 | 143 | ||||||
Novell, Inc. * | 71,815 | 294 | ||||||
Nuance Communications, Inc. * | 19,515 | 256 | ||||||
Openwave Systems, Inc. * | 221,935 | 504 | ||||||
Parametric Technology Corp. * | 24,040 | 358 | ||||||
Progress Software Corp. * | 6,050 | 140 | ||||||
Quest Software, Inc. * | 10,380 | 174 | ||||||
Rackspace Hosting, Inc. * | 6,720 | 113 | ||||||
Radiant Systems, Inc. * | 10,200 | 100 | ||||||
RealNetworks, Inc. * | 35,545 | 127 | ||||||
Red Hat, Inc. * | 8,700 | 225 | ||||||
Renaissance Learning, Inc. | 1,440 | 13 | ||||||
Rovi Corp. * | 8,169 | 225 | ||||||
Salesforce.com, Inc. * | 1,935 | 110 | ||||||
Sapient Corp. * | 20,980 | 171 | ||||||
SAVVIS, Inc. * | 6,860 | 101 | ||||||
SINA Corp. * | 3,180 | 119 | ||||||
Solera Holdings, Inc. | 5,860 | 189 | ||||||
SonicWALL, Inc. * | 11,355 | 90 | ||||||
SRA International, Inc., Class A * | 11,315 | 212 | ||||||
StarTek, Inc. * | 19,400 | 113 | ||||||
Switch and Data Facilities Co. * | 2,100 | 35 | ||||||
Sybase, Inc. * | 5,950 | 235 | ||||||
Symyx Technologies, Inc. * | 5,610 | 33 | ||||||
Syntel, Inc. | 3,955 | 142 | ||||||
Take-Two Interactive Software, Inc. * | 31,855 | 349 | ||||||
TeleTech Holdings, Inc. * | 14,510 | 260 | ||||||
THQ, Inc. * | 90,610 | 474 | ||||||
TIBCO Software, Inc. * | 39,830 | 349 | ||||||
TNS, Inc. * | 30,095 | 850 | ||||||
Tyler Technologies, Inc. * | 1,980 | 38 | ||||||
United Online, Inc. | 25,827 | 207 | ||||||
ValueClick, Inc. * | 21,880 | 215 | ||||||
VeriFone Holdings, Inc. * | 17,000 | 226 | ||||||
VistaPrint N.V. * | 820 | 42 | ||||||
WebMD Health Corp., Class A * | 11,908 | 406 | ||||||
Websense, Inc. * | 1,490 | 24 | ||||||
16,172 | ||||||||
Technology Hardware & Equipment 5.9% | ||||||||
3Com Corp. * | 72,120 | 371 | ||||||
Adaptec, Inc. * | 21,695 | 69 | ||||||
ADC Telecommunications, Inc. * | 86,720 | 563 | ||||||
ADTRAN, Inc. | 11,245 | 259 | ||||||
Agilysys, Inc. | 24,422 | 115 | ||||||
Arris Group, Inc. * | 31,205 | 320 | ||||||
Avid Technology, Inc. * | 10,525 | 133 | ||||||
Avocent Corp. * | 14,590 | 363 | ||||||
Bel Fuse, Inc., Class B | 4,300 | 78 | ||||||
Black Box Corp. | 8,140 | 216 | ||||||
Blue Coat Systems, Inc. * | 2,400 | 54 | ||||||
Checkpoint Systems, Inc. * | 19,480 | 264 | ||||||
Ciena Corp. * | 27,160 | 319 | ||||||
Cogent, Inc. * | 2,480 | 24 | ||||||
Cognex Corp. | 7,065 | 114 | ||||||
Coherent, Inc. * | 11,040 | 277 | ||||||
Comtech Telecommunications Corp. * | 3,670 | 118 | ||||||
CPI International, Inc. * | 500 | 5 | ||||||
CTS Corp. | 25,395 | 228 | ||||||
Daktronics, Inc. | 9,265 | 70 | ||||||
Digi International, Inc. * | 4,200 | 33 | ||||||
Dolby Laboratories, Inc., Class A * | 7,845 | 329 | ||||||
EchoStar Corp., Class A * | 11,200 | 203 | ||||||
Electro Rent Corp. | 5,905 | 63 | ||||||
Electro Scientific Industries, Inc. * | 12,735 | 139 | ||||||
Electronics for Imaging, Inc. * | 13,780 | 161 | ||||||
EMS Technologies, Inc. * | 2,400 | 42 | ||||||
Emulex Corp. * | 27,865 | 281 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Extreme Networks, Inc. * | 8,365 | 17 | ||||||
F5 Networks, Inc. * | 7,540 | 339 | ||||||
Finisar Corp. * | 16,830 | 125 | ||||||
FLIR Systems, Inc. * | 8,790 | 244 | ||||||
Gerber Scientific, Inc. * | 38,900 | 180 | ||||||
Harris Stratex Networks, Inc., Class A * | 85,260 | 537 | ||||||
Hughes Communications, Inc. * | 4,130 | 96 | ||||||
Hutchinson Technology, Inc. * | 69,100 | 402 | ||||||
Hypercom Corp. * | 57,200 | 163 | ||||||
Imation Corp. | 29,185 | 257 | ||||||
Intermec, Inc. * | 8,535 | 105 | ||||||
Intevac, Inc. * | 5,600 | 57 | ||||||
IPG Photonics Corp. * | 6,960 | 95 | ||||||
Itron, Inc. * | 4,725 | 284 | ||||||
Ixia * | 10,215 | 68 | ||||||
L-1 Identity Solutions, Inc. * | 29,760 | 176 | ||||||
Littelfuse, Inc. * | 8,245 | 227 | ||||||
LoJack Corp. * | 3,000 | 13 | ||||||
Loral Space & Communications, Inc. * | 8,550 | 226 | ||||||
Measurement Specialties, Inc. * | 10,200 | 79 | ||||||
Mercury Computer Systems, Inc. * | 11,500 | 123 | ||||||
Merix Corp. * | 52,400 | 83 | ||||||
Methode Electronics, Inc. | 20,230 | 147 | ||||||
MTS Systems Corp. | 3,780 | 100 | ||||||
Multi-Fineline Electronix, Inc. * | 2,420 | 66 | ||||||
Nam Tai Electronics, Inc. | 34,240 | 190 | ||||||
National Instruments Corp. | 6,495 | 173 | ||||||
NETGEAR, Inc. * | 7,350 | 134 | ||||||
Newport Corp. * | 17,630 | 131 | ||||||
Novatel Wireless, Inc. * | 1,000 | 9 | ||||||
Nu Horizons Electronics Corp. * | 34,300 | 133 | ||||||
Opnext, Inc. * | 52,000 | 128 | ||||||
OSI Systems, Inc. * | 5,090 | 100 | ||||||
Palm, Inc. * | 22,515 | 261 | ||||||
Park Electrochemical Corp. | 6,210 | 140 | ||||||
PC Connection, Inc. * | 20,000 | 118 | ||||||
PC Mall, Inc. * | 24,300 | 172 | ||||||
Plantronics, Inc. | 15,210 | 367 | ||||||
Plexus Corp. * | 14,680 | 371 | ||||||
Polycom, Inc. * | 16,370 | 352 | ||||||
Powerwave Technologies, Inc. * | 253,820 | 317 | ||||||
QLogic Corp. * | 19,680 | 345 | ||||||
RadiSys Corp. * | 10,000 | 85 | ||||||
Richardson Electronics Ltd. | 7,000 | 40 | ||||||
Rofin-Sinar Technologies, Inc. * | 6,410 | 138 | ||||||
Rogers Corp. * | 4,220 | 110 | ||||||
ScanSource, Inc. * | 12,340 | 313 | ||||||
Silicon Graphics International Corp. * | 15,860 | 95 | ||||||
Smart Modular Technologies (WWH), Inc. * | 58,700 | 238 | ||||||
Sonus Networks, Inc. * | 52,570 | 101 | ||||||
Stec, Inc. * | 5,400 | 115 | ||||||
Super Micro Computer, Inc. * | 10,100 | 81 | ||||||
Sycamore Networks, Inc. * | 33,005 | 94 | ||||||
Symmetricom, Inc. * | 13,200 | 63 | ||||||
Synaptics, Inc. * | 3,105 | 70 | ||||||
Technitrol, Inc. | 106,310 | 828 | ||||||
Tekelec * | 6,635 | 100 | ||||||
TESSCO Technologies, Inc. | 1,000 | 17 | ||||||
Trimble Navigation Ltd. * | 17,375 | 364 | ||||||
TTM Technologies, Inc. * | 20,300 | 206 | ||||||
UTStarcom, Inc. * | 265,300 | 480 | ||||||
ViaSat, Inc. * | 5,115 | 149 | ||||||
Westell Technologies, Inc., Class A * | 90,533 | 101 | ||||||
Xyratex Ltd. * | 43,125 | 451 | ||||||
Zebra Technologies Corp., Class A * | 12,520 | 313 | ||||||
Zygo Corp. * | 7,500 | 52 | ||||||
17,465 | ||||||||
Telecommunication Services 0.9% | ||||||||
Alaska Communication Systems Group, Inc. | 16,040 | 125 | ||||||
Atlantic Tele-Network, Inc. | 2,200 | 101 | ||||||
Cbeyond, Inc. * | 1,960 | 26 | ||||||
Centennial Communications Corp. * | 14,745 | 125 | ||||||
Cincinnati Bell, Inc. * | 118,015 | 363 | ||||||
Consolidated Communications Holdings, Inc. | 9,800 | 135 | ||||||
General Communication, Inc., Class A * | 17,560 | 108 | ||||||
Global Crossing Ltd. * | 6,485 | 74 | ||||||
Globalstar, Inc. * | 46,080 | 30 | ||||||
Iowa Telecommunications Services, Inc. | 8,930 | 105 | ||||||
NTELOS Holdings Corp. | 5,740 | 87 | ||||||
PAETEC Holding Corp. * | 53,900 | 175 | ||||||
SBA Communications Corp., Class A * | 6,405 | 181 | ||||||
SureWest Communications * | 9,170 | 81 | ||||||
Syniverse Holdings, Inc. * | 7,265 | 124 | ||||||
tw telecom, Inc. * | 28,595 | 360 | ||||||
USA Mobility, Inc. | 24,205 | 264 | ||||||
Virgin Mobile USA, Inc., Class A * | 51,500 | 206 | ||||||
2,670 | ||||||||
Transportation 3.2% | ||||||||
Air Transport Services Group, Inc. * | 680,630 | 1,763 | ||||||
AirTran Holdings, Inc. * | 54,395 | 230 | ||||||
Allegiant Travel Co. * | 2,080 | 78 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
American Commercial Lines, Inc. * | 5,261 | 113 | ||||||
Arkansas Best Corp. | 17,140 | 443 | ||||||
Atlas Air Worldwide Holdings, Inc. * | 17,400 | 457 | ||||||
CAI International, Inc. * | 18,600 | 140 | ||||||
Celadon Group, Inc. * | 10,980 | 107 | ||||||
Copa Holdings S.A., Class A | 5,100 | 215 | ||||||
Covenant Transport Group, Inc., Class A * | 27,950 | 141 | ||||||
Diana Shipping, Inc. | 14,635 | 189 | ||||||
DryShips, Inc. * | 66,220 | 400 | ||||||
Dynamex, Inc. * | 2,000 | 37 | ||||||
Eagle Bulk Shipping, Inc. | 49,960 | 237 | ||||||
Excel Maritime Carriers Ltd. | 85,724 | 483 | ||||||
Forward Air Corp. | 4,625 | 99 | ||||||
FreeSeas, Inc. | 97,954 | 131 | ||||||
Genco Shipping & Trading Ltd. | 13,645 | 271 | ||||||
Genesee & Wyoming, Inc., Class A * | 6,565 | 190 | ||||||
Hawaiian Holdings, Inc. * | 19,840 | 141 | ||||||
Heartland Express, Inc. | 9,665 | 131 | ||||||
Horizon Lines, Inc., Class A | 30,050 | 158 | ||||||
Hub Group, Inc., Class A * | 9,110 | 226 | ||||||
Kirby Corp. * | 7,520 | 254 | ||||||
Knight Transportation, Inc. | 7,225 | 116 | ||||||
Landstar System, Inc. | 6,970 | 246 | ||||||
Marten Transport Ltd. * | 5,800 | 102 | ||||||
Mesa Air Group, Inc. * | 1,997,571 | 332 | ||||||
Old Dominion Freight Line, Inc. * | 10,600 | 275 | ||||||
P.A.M. Transportation Services, Inc. * | 12,700 | 99 | ||||||
Pacer International, Inc. | 45,360 | 130 | ||||||
Park-Ohio Holdings Corp. * | 32,900 | 205 | ||||||
Pinnacle Airlines Corp. * | 79,900 | 482 | ||||||
Quality Distribution, Inc. * | 19,500 | 73 | ||||||
Republic Airways Holdings, Inc. * | 31,330 | 251 | ||||||
Saia, Inc. * | 13,100 | 192 | ||||||
TBS International Ltd., Class A * | 10,400 | 86 | ||||||
Ultrapetrol Bahamas Ltd. * | 31,900 | 156 | ||||||
Universal Truckload Services, Inc. | 3,600 | 59 | ||||||
USA Truck, Inc. * | 4,400 | 49 | ||||||
9,487 | ||||||||
Utilities 1.3% | ||||||||
ALLETE, Inc. | 9,420 | 319 | ||||||
American States Water Co. | 2,615 | 87 | ||||||
Avista Corp. | 18,580 | 352 | ||||||
California Water Service Group | 2,040 | 75 | ||||||
Central Vermont Public Services Corp. | 2,645 | 51 | ||||||
CH Energy Group, Inc. | 5,305 | 220 | ||||||
Chesapeake Utilities Corp. | 1,050 | 33 | ||||||
Cleco Corp. | 12,980 | 321 | ||||||
El Paso Electric Co. * | 17,490 | 328 | ||||||
ITC Holdings Corp. | 4,170 | 185 | ||||||
MGE Energy, Inc. | 5,900 | 207 | ||||||
Middlesex Water Co. | 3,500 | 54 | ||||||
Northwest Natural Gas Co. | 6,205 | 259 | ||||||
NorthWestern Corp. | 15,525 | 375 | ||||||
Ormat Technologies, Inc. | 500 | 19 | ||||||
SJW Corp. | 3,320 | 72 | ||||||
South Jersey Industries, Inc. | 4,240 | 150 | ||||||
Southwest Water Co. | 1,800 | 10 | ||||||
The Empire District Electric Co. | 12,210 | 221 | ||||||
The Laclede Group, Inc. | 5,540 | 170 | ||||||
UIL Holdings Corp. | 11,025 | 283 | ||||||
3,791 | ||||||||
Total Common Stock (Cost $264,049) | 295,665 | |||||||
Other Investment Company 0.2% of net assets | ||||||||
State Street Institutional Liquid Reserves Fund — Institutional Class | 473,875 | 474 | ||||||
Total Other Investment Company (Cost $474) | 474 | |||||||
Rights 0.0% of net assets | ||||||||
Real Estate 0.0% | ||||||||
Winthrop Realty Trust, Inc. (b)* | 999 | — | ||||||
Total Rights (Cost $—) | — | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.2% of net assets | ||||||||
U.S. Treasury Obligation 0.2% | ||||||||
U.S. Treasury Bill 0.08%, 12/17/09 (a) | 535 | 535 | ||||||
Total Short-Term Investment (Cost $535) | 535 | |||||||
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Fair-valued by Management. | |
(c) | Illiquid security. At October 31, 2009, the value of these securities amounted to $0 or 0.0% of net assets. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 10 | 562 | (39 | ) |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98.6 | % | Common Stock | 256,244 | 249,719 | ||||||||
0.3 | % | Other Investment Companies | 681 | 738 | ||||||||
0.6 | % | Preferred Stock | 1,918 | 1,489 | ||||||||
0.1 | % | Rights | 73 | 189 | ||||||||
— | % | Warrants | 2 | 2 | ||||||||
0.6 | % | Short-Term Investment | 1,411 | 1,411 | ||||||||
100.2 | % | Total Investments | 260,329 | 253,548 | ||||||||
(0.2) | % | Other Assets and Liabilities, Net | (466 | ) | ||||||||
100.0 | % | Total Net Assets | 253,082 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 98.6% of net assets | ||||||||
Australia 7.5% | ||||||||
Banks 1.8% | ||||||||
Australia & New Zealand Banking Group Ltd. | 53,071 | 1,082 | ||||||
Commonwealth Bank of Australia | 27,395 | 1,266 | ||||||
National Australia Bank Ltd. | 52,537 | 1,388 | ||||||
Westpac Banking Corp. | 37,129 | 868 | ||||||
4,604 | ||||||||
Capital Goods 0.0% | ||||||||
Leighton Holdings Ltd. | 3,893 | 124 | ||||||
Commercial & Professional Supplies 0.1% | ||||||||
Brambles Ltd. | 26,278 | 166 | ||||||
Consumer Services 0.1% | ||||||||
Crown Ltd. | 16,257 | 118 | ||||||
TABCORP Holdings Ltd. | 14,698 | 94 | ||||||
Tatts Group Ltd. | 16,720 | 37 | ||||||
249 | ||||||||
Diversified Financials 0.2% | ||||||||
BGP Holdings plc (a) | 453,854 | — | ||||||
Macquarie Group Ltd. | 13,124 | 575 | ||||||
575 | ||||||||
Energy 0.1% | ||||||||
Caltex Australia Ltd. * | 5,858 | 53 | ||||||
Origin Energy Ltd. | 5,817 | 83 | ||||||
Santos Ltd. | 4,465 | 60 | ||||||
Woodside Petroleum Ltd. | 3,627 | 152 | ||||||
348 | ||||||||
Food & Staples Retailing 0.4% | ||||||||
Metcash Ltd. | 12,843 | 54 | ||||||
Wesfarmers Ltd. | 18,836 | 470 | ||||||
Wesfarmers Ltd., Price Protected Shares | 1,804 | 45 | ||||||
Woolworths Ltd. | 12,712 | 326 | ||||||
895 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Coca-Cola Amatil Ltd. | 9,070 | 86 | ||||||
Foster’s Group Ltd. | 18,195 | 89 | ||||||
175 | ||||||||
Insurance 0.4% | ||||||||
AMP Ltd. | 35,319 | 186 | ||||||
AXA Asia Pacific Holdings Ltd. | 26,566 | 99 | ||||||
Insurance Australia Group Ltd. | 45,538 | 153 | ||||||
QBE Insurance Group Ltd. | 10,798 | 218 | ||||||
Suncorp-Metway Ltd. | 50,952 | 399 | ||||||
1,055 | ||||||||
Materials 1.3% | ||||||||
Amcor Ltd. | 35,292 | 182 | ||||||
BHP Billiton Ltd. | 43,350 | 1,422 | ||||||
BlueScope Steel Ltd. | 120,519 | 319 | ||||||
Boral Ltd. | 28,114 | 143 | ||||||
Incitec Pivot Ltd. | 21,282 | 50 | ||||||
OneSteel Ltd. | 49,493 | 134 | ||||||
Orica Ltd. | 6,903 | 146 | ||||||
Rio Tinto Ltd. | 14,519 | 805 | ||||||
Sims Metal Management Ltd. | 3,226 | 57 | ||||||
3,258 | ||||||||
Media 0.4% | ||||||||
Consolidated Media Holdings Ltd. | 19,670 | 54 | ||||||
Fairfax Media Ltd. | 40,372 | 57 | ||||||
Macquarie Media Group Ltd. | 486,219 | 795 | ||||||
906 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
CSL Ltd. | 2,103 | 59 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Real Estate 1.1% | ||||||||
CFS Retail Property Trust | 30,172 | 52 | ||||||
Dexus Property Group | 107,565 | 76 | ||||||
FKP Property Group | 1,960,557 | 1,208 | ||||||
Goodman Group | 716,963 | 384 | ||||||
GPT Group | 527,376 | 269 | ||||||
Lend Lease Corp., Ltd. | 22,902 | 190 | ||||||
Mirvac Group | 141,838 | 186 | ||||||
Stockland | 78,413 | 260 | ||||||
Westfield Group | 18,700 | 203 | ||||||
2,828 | ||||||||
Telecommunication Services 0.1% | ||||||||
Telstra Corp., Ltd. | 76,575 | 228 | ||||||
Transportation 0.8% | ||||||||
ConnectEast Group | 748,528 | 265 | ||||||
Macquarie Airports (a) | 247,982 | 631 | ||||||
Macquarie Infrastructure Group | 117,639 | 151 | ||||||
Qantas Airways Ltd. | 62,752 | 156 | ||||||
Toll Holdings Ltd. | 9,701 | 73 | ||||||
Transurban Group | 174,243 | 707 | ||||||
1,983 | ||||||||
Utilities 0.6% | ||||||||
AGL Energy Ltd. | 5,486 | 68 | ||||||
APA Group | 146,498 | 414 | ||||||
Babcock & Brown Infrastructure Group * | 11,570,080 | 373 | ||||||
Babcock & Brown Wind Partners | 177,241 | 226 | ||||||
SP Ausnet | 557,567 | 438 | ||||||
1,519 | ||||||||
18,972 | ||||||||
Austria 0.7% | ||||||||
Banks 0.2% | ||||||||
Erste Group Bank AG | 12,538 | 504 | ||||||
Raiffeisen International Bank-Holding AG | 1,611 | 95 | ||||||
599 | ||||||||
Capital Goods 0.1% | ||||||||
Strabag SE | 1,536 | 47 | ||||||
Wienerberger AG * | 7,671 | 139 | ||||||
186 | ||||||||
Energy 0.1% | ||||||||
OMV AG | 3,798 | 157 | ||||||
Insurance 0.0% | ||||||||
Vienna Insurance Group AG | 645 | 36 | ||||||
Materials 0.1% | ||||||||
Voestalpine AG | 6,176 | 211 | ||||||
Real Estate 0.2% | ||||||||
IMMOEAST AG * | 42,689 | 225 | ||||||
Immofinanz Immobilien Anlagen AG * | 51,912 | 178 | ||||||
403 | ||||||||
Telecommunication Services 0.0% | ||||||||
Telekom Austria AG | 5,981 | 98 | ||||||
Transportation 0.0% | ||||||||
Oesterreichische Post AG | 496 | 15 | ||||||
Utilities 0.0% | ||||||||
Oesterreichische Eletrizitaetswirtschafts-AG A Shares | 388 | 17 | ||||||
1,722 | ||||||||
Belgium 1.9% | ||||||||
Banks 0.6% | ||||||||
Dexia S.A. * | 77,409 | 643 | ||||||
KBC GROEP N.V. * | 18,280 | 783 | ||||||
1,426 | ||||||||
Diversified Financials 0.1% | ||||||||
Banque Nationale de Belgique | 9 | 45 | ||||||
Compagnie Nationale a Portefeuille / Nationale Portefeuille Maatschappij | 604 | 32 | ||||||
Groupe Bruxelles Lambert S.A. | 1,535 | 135 | ||||||
KBC Ancora * | 2,159 | 52 | ||||||
Sofina S.A. | 610 | 57 | ||||||
321 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Colruyt S.A. | 83 | 20 | ||||||
Delhaize Group | 1,915 | 130 | ||||||
150 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Anheuser-Busch InBev N.V. | 5,309 | 249 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Agfa Gevaert N.V. * | 9,368 | 56 | ||||||
Insurance 0.8% | ||||||||
Fortis * | 459,347 | 1,986 | ||||||
Materials 0.1% | ||||||||
Solvay S.A. | 1,116 | 110 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Umicore | 3,003 | 91 | ||||||
201 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
UCB S.A. | 2,866 | 122 | ||||||
Retailing 0.0% | ||||||||
S.A. D’Ieteren N.V. | 275 | 100 | ||||||
Telecommunication Services 0.0% | ||||||||
Belgacom S.A. | 2,357 | 88 | ||||||
Mobistar S.A. | 179 | 13 | ||||||
101 | ||||||||
4,712 | ||||||||
Canada 4.9% | ||||||||
Automobiles & Components 0.1% | ||||||||
Magna International, Inc., Class A | 6,459 | 255 | ||||||
Banks 1.5% | ||||||||
Bank of Montreal | 13,913 | 644 | ||||||
Bank of Nova Scotia | 16,248 | 679 | ||||||
Canadian Imperial Bank of Commerce | 7,077 | 405 | ||||||
National Bank of Canada | 2,530 | 132 | ||||||
Royal Bank of Canada | 21,522 | 1,090 | ||||||
The Toronto-Dominion Bank | 13,659 | 779 | ||||||
3,729 | ||||||||
Capital Goods 0.1% | ||||||||
Bombardier, Inc., Class B | 31,968 | 130 | ||||||
Finning International, Inc. | 2,780 | 41 | ||||||
171 | ||||||||
Diversified Financials 0.0% | ||||||||
IGM Financial, Inc. | 1,320 | 47 | ||||||
Onex Corp. | 2,161 | 49 | ||||||
96 | ||||||||
Energy 1.0% | ||||||||
Canadian Natural Resources Ltd. | 5,950 | 386 | ||||||
Enbridge, Inc. | 3,019 | 117 | ||||||
EnCana Corp. | 8,109 | 450 | ||||||
Husky Energy, Inc. | 2,867 | 75 | ||||||
Imperial Oil Ltd. | 2,023 | 76 | ||||||
Nexen, Inc. | 5,326 | 115 | ||||||
Suncor Energy, Inc. | 24,145 | 802 | ||||||
Talisman Energy, Inc. | 13,681 | 233 | ||||||
TransCanada Corp. | 7,435 | 228 | ||||||
2,482 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Alimentation Couche-Tard, Inc., Class B | 4,237 | 74 | ||||||
Empire Co., Ltd, Class A | 533 | 21 | ||||||
George Weston Ltd. | 1,305 | 67 | ||||||
Loblaw Cos., Ltd. | 2,364 | 65 | ||||||
Metro, Inc., Class A | 1,440 | 45 | ||||||
Shoppers Drug Mart Corp. | 1,559 | 62 | ||||||
The Jean Coutu Group (PJC), Inc., Class A | 6,123 | 50 | ||||||
384 | ||||||||
Insurance 0.7% | ||||||||
Fairfax Financial Holdings Ltd. | 262 | 94 | ||||||
Great-West Lifeco, Inc. | 3,420 | 75 | ||||||
Intact Financial Corp. | 1,623 | 49 | ||||||
Manulife Financial Corp. | 35,848 | 672 | ||||||
Power Corp. of Canada | 14,015 | 330 | ||||||
Power Financial Corp. | 6,114 | 154 | ||||||
Sun Life Financial, Inc. | 14,490 | 401 | ||||||
1,775 | ||||||||
Materials 0.6% | ||||||||
Agrium, Inc. | 1,012 | 47 | ||||||
Barrick Gold Corp. | 3,858 | 139 | ||||||
Gerdau Ameristeel Corp. | 4,948 | 34 | ||||||
Goldcorp, Inc. | 2,710 | 100 | ||||||
Kinross Gold Corp. | 2,453 | 45 | ||||||
Potash Corp. of Saskatchewan, Inc. | 814 | 76 | ||||||
Teck Resources Ltd., Class B * | 34,457 | 1,000 | ||||||
Yamana Gold, Inc. | 3,576 | 38 | ||||||
1,479 | ||||||||
Media 0.2% | ||||||||
Quebecor, Inc., Class B | 2,992 | 61 | ||||||
Shaw Communications, Inc., Class B | 2,877 | 51 | ||||||
Thomson Reuters Corp. | 11 | 349 | ||||||
461 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Biovail Corp. | 2,694 | 36 | ||||||
Real Estate 0.1% | ||||||||
Brookfield Asset Management, Inc., Class A | 7,555 | 159 | ||||||
Brookfield Properties Corp. | 7,591 | 79 | ||||||
RioCan Real Estate Investment Trust | 2,872 | 49 | ||||||
287 | ||||||||
Retailing 0.0% | ||||||||
Canadian Tire Corp., Ltd., Class A | 1,619 | 82 | ||||||
Sears Canada, Inc. * | 1,169 | 24 | ||||||
106 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Software & Services 0.0% | ||||||||
CGI Group, Inc., Class A * | 4,717 | 58 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Celestica, Inc. * | 16,912 | 139 | ||||||
Research In Motion Ltd. * | 1,453 | 86 | ||||||
225 | ||||||||
Telecommunication Services 0.1% | ||||||||
BCE, Inc. | 5,353 | 128 | ||||||
Rogers Communications, Inc., Class B | 3,404 | 100 | ||||||
Telus Corp. | 2,378 | 74 | ||||||
Telus Corp. — Non Voting | 731 | 22 | ||||||
324 | ||||||||
Transportation 0.1% | ||||||||
Canadian National Railway Co. | 4,923 | 238 | ||||||
Canadian Pacific Railway Ltd. | 2,532 | 110 | ||||||
348 | ||||||||
Utilities 0.1% | ||||||||
ATCO Ltd., Class I | 1,433 | 56 | ||||||
Canadian Utilities Ltd., Class A | 1,280 | 46 | ||||||
TransAlta Corp. | 1,869 | 35 | ||||||
137 | ||||||||
12,353 | ||||||||
Denmark 0.7% | ||||||||
Banks 0.3% | ||||||||
Danske Bank A/S * | 42,893 | 985 | ||||||
Capital Goods 0.0% | ||||||||
Vestas Wind Systems A/S * | 790 | 55 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Carlsberg A/S, Class B | 1,684 | 118 | ||||||
Danisco A/S | 971 | 61 | ||||||
179 | ||||||||
Insurance 0.0% | ||||||||
Trygvesta A/S | 407 | 29 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Novo Nordisk A/S, Class B | 2,438 | 152 | ||||||
Transportation 0.2% | ||||||||
AP Moller — Maersk A/S, Series A | 32 | 213 | ||||||
AP Moller — Maersk A/S, Series B | 41 | 280 | ||||||
493 | ||||||||
1,893 | ||||||||
Finland 1.2% | ||||||||
Capital Goods 0.2% | ||||||||
Kone Oyj, Class B | 1,677 | 63 | ||||||
Metso Corp. Oyj | 5,855 | 163 | ||||||
Wartsila Corp. Oyj | 1,894 | 69 | ||||||
YIT Oyj | 4,722 | 91 | ||||||
386 | ||||||||
Diversified Financials 0.0% | ||||||||
Pohjola Bank plc | 3,494 | 39 | ||||||
Energy 0.0% | ||||||||
Neste Oil Oyj | 4,129 | 73 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Kesko Oyj, Class B | 3,121 | 104 | ||||||
Insurance 0.1% | ||||||||
Sampo Oyj, Class A | 12,179 | 291 | ||||||
Materials 0.4% | ||||||||
M-real Oyj, Class B * | 107,853 | 157 | ||||||
Outokumpu Oyj | 5,141 | 85 | ||||||
Rautaruukki Oyj | 3,446 | 70 | ||||||
Stora Enso Oyj, Class R * | 40,133 | 304 | ||||||
UPM-Kymmene Oyj | 22,702 | 272 | ||||||
888 | ||||||||
Media 0.0% | ||||||||
Sanoma Oyj | 1,294 | 24 | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Nokia Corp. | 66,702 | 843 | ||||||
Telecommunication Services 0.0% | ||||||||
Elisa Oyj | 2,663 | 52 | ||||||
Utilities 0.1% | ||||||||
Fortum Oyj | 10,752 | 254 | ||||||
2,954 | ||||||||
France 10.5% | ||||||||
Automobiles & Components 1.0% | ||||||||
Compagnie Generale des Etablissements Michelin, Class B | 4,711 | 349 | ||||||
Faurecia * | 5,415 | 105 | ||||||
PSA Peugeot Citroen * | 21,785 | 710 | ||||||
Renault S.A. * | 25,305 | 1,132 | ||||||
Societe Fonciere, Financiere et de Participations | 386 | 23 | ||||||
Valeo S.A. * | 5,106 | 138 | ||||||
2,457 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Banks 2.2% | ||||||||
BNP Paribas | 36,067 | 2,717 | ||||||
Credit Agricole S.A. | 31,236 | 598 | ||||||
Natixis * | 55,148 | 310 | ||||||
Societe Generale | 30,758 | 2,043 | ||||||
5,668 | ||||||||
�� | ||||||||
Capital Goods 1.1% | ||||||||
Alstom S.A. | 2,035 | 141 | ||||||
Bouygues S.A. | 6,786 | 319 | ||||||
Compagnie de Saint-Gobain | 18,969 | 924 | ||||||
Eiffage S.A. | 2,102 | 114 | ||||||
Legrand S.A. | 1,686 | 46 | ||||||
Nexans S.A. | 738 | 52 | ||||||
Rexel S.A. * | 4,577 | 61 | ||||||
Safran S.A. | 4,194 | 68 | ||||||
Schneider Electric S.A. | 3,509 | 365 | ||||||
Thales S.A. | 1,162 | 56 | ||||||
Vallourec S.A. | 951 | 150 | ||||||
Vinci S.A. | 7,465 | 390 | ||||||
Wendel | 1,237 | 69 | ||||||
2,755 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Christian Dior S.A. | 1,656 | 165 | ||||||
Hermes International | 463 | 64 | ||||||
LVMH Moet Hennessy Louis Vuitton S.A. | 3,735 | 387 | ||||||
Nexity | 1,799 | 67 | ||||||
Thomson * | 49,056 | 68 | ||||||
751 | ||||||||
Consumer Services 0.1% | ||||||||
Accor S.A. | 2,234 | 107 | ||||||
Sodexho | 2,013 | 115 | ||||||
222 | ||||||||
Diversified Financials 0.1% | ||||||||
Eurazeo | 2,035 | 128 | ||||||
Energy 1.0% | ||||||||
Cie Generale De Geophysique — Veritas * | 3,297 | 65 | ||||||
Esso S.A.F | 139 | 19 | ||||||
Technip S.A. | 1,550 | 97 | ||||||
Total S.A. | 40,038 | 2,396 | ||||||
2,577 | ||||||||
Food & Staples Retailing 0.4% | ||||||||
Carrefour S.A. | 17,674 | 759 | ||||||
Casino Guichard-Perrachon S.A. | 1,050 | 83 | ||||||
Rallye S.A. | 3,067 | 104 | ||||||
946 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
DANONE S.A. | 4,135 | 249 | ||||||
Pernod Ricard S.A. | 2,008 | 167 | ||||||
416 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Essilor International S.A. | 1,478 | 83 | ||||||
Household & Personal Products 0.1% | ||||||||
L’Oreal S.A. | 2,425 | 248 | ||||||
Insurance 1.2% | ||||||||
AXA S.A. | 116,005 | 2,885 | ||||||
CNP Assurances | 1,442 | 139 | ||||||
Euler Hermes S.A. | 565 | 45 | ||||||
SCOR SE | 2,636 | 67 | ||||||
3,136 | ||||||||
Materials 0.5% | ||||||||
Air Liquide S.A. | 2,370 | 255 | ||||||
Arkema | 3,360 | 128 | ||||||
Ciments Francais S.A. | 291 | 32 | ||||||
Eramet | 152 | 48 | ||||||
Imerys S.A. | 1,352 | 74 | ||||||
Lafarge S.A. | 7,432 | 603 | ||||||
SA des Ciments Vicat | 274 | 23 | ||||||
Sequana * | 2,935 | 35 | ||||||
1,198 | ||||||||
Media 0.4% | ||||||||
Eutelsat Communications | 841 | 27 | ||||||
JC Decaux S.A. * | 1,026 | 21 | ||||||
Lagardere S.C.A. | 3,209 | 145 | ||||||
M6 Metropole Television | 1,932 | 47 | ||||||
PagesJaunes Groupe S.A. | 1,967 | 24 | ||||||
Publicis Groupe | 2,060 | 78 | ||||||
Societe Television Francaise 1 | 6,996 | 110 | ||||||
Vivendi | 23,159 | 642 | ||||||
1,094 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Sanofi-Aventis | 12,431 | 911 | ||||||
Real Estate 0.2% | ||||||||
Fonciere des Regions | 929 | 102 | ||||||
Gecina S.A. | 630 | 67 | ||||||
Klepierre | 2,024 | 84 | ||||||
Unibail-Rodamco | 1,086 | 241 | ||||||
494 | ||||||||
Retailing 0.1% | ||||||||
PPR | 3,455 | 376 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Software & Services 0.1% | ||||||||
Atos Origin S.A. * | 1,799 | 84 | ||||||
Cap Gemini S.A. | 2,842 | 132 | ||||||
216 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Alcatel-Lucent * | 143,919 | 539 | ||||||
Telecommunication Services 0.4% | ||||||||
France Telecom S.A. | 38,126 | 945 | ||||||
Transportation 0.1% | ||||||||
Aeroports de Paris | 357 | 27 | ||||||
Air France-KLM * | 12,468 | 191 | ||||||
Societe des Autoroutes Paris-Rhin-Rhone | 154 | 12 | ||||||
230 | ||||||||
Utilities 0.5% | ||||||||
Electricite de France | 3,611 | 201 | ||||||
GDF Suez | 9,683 | 405 | ||||||
Suez Environnement Co. | 9,383 | 208 | ||||||
Veolia Environnement | 11,770 | 385 | ||||||
1,199 | ||||||||
26,589 | ||||||||
Germany 9.0% | ||||||||
Automobiles & Components 1.5% | ||||||||
Bayerische Motoren Werke AG | 13,336 | 652 | ||||||
Daimler AG — Reg’d | 62,370 | 3,030 | ||||||
Volkswagen AG | 1,016 | 165 | ||||||
3,847 | ||||||||
Banks 0.5% | ||||||||
Commerzbank AG * | 108,177 | 1,127 | ||||||
Deutsche Postbank AG * | 4,467 | 138 | ||||||
1,265 | ||||||||
Capital Goods 0.9% | ||||||||
BayWa AG | 1,800 | 58 | ||||||
Bilfinger Berger AG | 900 | 58 | ||||||
GEA Group AG | 2,400 | 45 | ||||||
Heidelberger Druckmaschinen AG * | 8,248 | 61 | ||||||
Hochtief AG | 2,800 | 211 | ||||||
MAN SE | 3,604 | 297 | ||||||
Rheinmetall AG | 345 | 19 | ||||||
Siemens AG — Reg’d | 15,632 | 1,413 | ||||||
Tognum AG | 3,400 | 52 | ||||||
2,214 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Adidas AG | 2,705 | 125 | ||||||
Consumer Services 0.1% | ||||||||
TUI AG * | 24,476 | 170 | ||||||
Diversified Financials 1.1% | ||||||||
Deutsche Bank AG — Reg’d | 37,590 | 2,731 | ||||||
Deutsche Boerse AG | 1,370 | 111 | ||||||
2,842 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Metro AG | 6,875 | 382 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Suedzucker AG | 1,154 | 24 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Celesio AG | 4,750 | 118 | ||||||
Fresenius Medical Care AG & Co. KGaA | 1,884 | 92 | ||||||
Fresenius SE | 208 | 10 | ||||||
220 | ||||||||
Household & Personal Products 0.0% | ||||||||
Beiersdorf AG | 499 | 31 | ||||||
Henkel AG & Co. KGaA | 2,423 | 93 | ||||||
124 | ||||||||
Insurance 1.1% | ||||||||
Allianz SE — Reg’d | 17,302 | 1,983 | ||||||
Generali Deutschland Holding AG | 222 | 21 | ||||||
Hannover Rueckversicherung AG — Reg’d * | 1,995 | 90 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG — Reg’d | 4,551 | 720 | ||||||
2,814 | ||||||||
Materials 1.0% | ||||||||
BASF SE | 23,688 | 1,268 | ||||||
HeidelbergCement AG | 1,055 | 63 | ||||||
K&S AG | 1,100 | 60 | ||||||
Lanxess AG | 2,777 | 87 | ||||||
Linde AG | 2,168 | 228 | ||||||
Salzgitter AG | 1,148 | 103 | ||||||
ThyssenKrupp AG | 18,282 | 589 | ||||||
Wacker Chemie AG | 278 | 40 | ||||||
2,438 | ||||||||
Media 0.0% | ||||||||
Axel Springer AG | 153 | 16 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Bayer AG | 9,681 | 672 | ||||||
Merck KGaA | 1,740 | 163 | ||||||
835 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Semiconductors & Semiconductor Equipment 0.4% | ||||||||
Infineon Technologies AG * | 217,018 | 977 | ||||||
Software & Services 0.1% | ||||||||
SAP AG | 5,652 | 256 | ||||||
Telecommunication Services 0.4% | ||||||||
Deutsche Telekom AG — Reg’d | 82,490 | 1,127 | ||||||
Transportation 0.4% | ||||||||
Deutsche Lufthansa AG — Reg’d | 17,293 | 267 | ||||||
Deutsche Post AG — Reg’d | 38,497 | 651 | ||||||
Fraport AG | 622 | 29 | ||||||
947 | ||||||||
Utilities 0.9% | ||||||||
E.ON AG | 43,924 | 1,683 | ||||||
RWE AG | 6,788 | 596 | ||||||
2,279 | ||||||||
22,902 | ||||||||
Greece 0.7% | ||||||||
Banks 0.5% | ||||||||
Alpha Bank A.E. * | 15,700 | 303 | ||||||
EFG Eurobank Ergasias * | 17,740 | 281 | ||||||
National Bank of Greece S.A. * | 13,247 | 484 | ||||||
Piraeus Bank S.A. * | 10,848 | 187 | ||||||
1,255 | ||||||||
Consumer Services 0.0% | ||||||||
OPAP S.A. | 3,096 | 79 | ||||||
Diversified Financials 0.0% | ||||||||
Marfin Financial Group S.A. * | 11,443 | 46 | ||||||
Energy 0.0% | ||||||||
Hellenic Petroleum S.A. | 6,016 | 73 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Coca Cola Hellenic Bottling Co., S.A. | 2,269 | 59 | ||||||
Telecommunication Services 0.1% | ||||||||
Hellenic Telecommunications Organization S.A. (OTE) | 7,275 | 122 | ||||||
Utilities 0.1% | ||||||||
Public Power Corp. S.A. * | 5,333 | 109 | ||||||
1,743 | ||||||||
Hong Kong 2.0% | ||||||||
Banks 0.2% | ||||||||
BOC Hong Kong (Holdings) Ltd. | 81,000 | 187 | ||||||
Hang Seng Bank Ltd. | 7,800 | 110 | ||||||
The Bank of East Asia Ltd. | 28,270 | 99 | ||||||
396 | ||||||||
Capital Goods 0.3% | ||||||||
Citic Pacific Ltd. | 31,000 | 80 | ||||||
Hutchison Whampoa Ltd. | 63,000 | 442 | ||||||
Jardine Matheson Holdings Ltd. | 2,600 | 77 | ||||||
Jardine Strategic Holdings Ltd. | 3,000 | 52 | ||||||
NWS Holdings Ltd. | 6,000 | 12 | ||||||
663 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Yue Yuen Industrial (Holdings) Ltd. | 9,000 | 25 | ||||||
Consumer Services 0.0% | ||||||||
Shangri-La Asia Ltd. | 14,000 | 27 | ||||||
SJM Holdings Ltd. | 99,000 | 50 | ||||||
77 | ||||||||
Diversified Financials 0.1% | ||||||||
Guoco Group Ltd. | 4,000 | 45 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 5,000 | 88 | ||||||
133 | ||||||||
Energy 0.1% | ||||||||
CNOOC Ltd. | 134,100 | 201 | ||||||
Materials 0.0% | ||||||||
Fosun International | 43,000 | 29 | ||||||
Real Estate 0.7% | ||||||||
Cheung Kong (Holdings) Ltd. | 20,500 | 260 | ||||||
China Overseas Land & Investment Ltd. | 12,000 | 26 | ||||||
Chinese Estates Holdings Ltd. | 6,000 | 10 | ||||||
Hang Lung Group Ltd. | 14,000 | 70 | ||||||
Hang Lung Properties Ltd. | 22,000 | 83 | ||||||
Henderson Land Development Co., Ltd. | 16,569 | 117 | ||||||
Hongkong Land Holdings Ltd. | 36,000 | 170 | ||||||
Kerry Properties Ltd. | 10,500 | 59 | ||||||
New World Development Co., Ltd. | 65,000 | 140 | ||||||
Sino Land Co., Ltd. | 40,000 | 76 | ||||||
Sun Hung Kai Properties Ltd. | 24,600 | 373 | ||||||
Swire Pacific Ltd., Class A | 25,000 | 305 | ||||||
The Link REIT | 23,500 | 53 | ||||||
The Wharf (Holdings) Ltd. | 26,000 | 140 | ||||||
1,882 | ||||||||
Retailing 0.1% | ||||||||
China Resources Enterprise Ltd. | 22,000 | 74 | ||||||
Esprit Holdings Ltd. | 11,500 | 76 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Li & Fung Ltd. | 18,000 | 75 | ||||||
225 | ||||||||
Semiconductors & Semiconductor Equipment 0.0% | ||||||||
Semiconductor Manufacturing International Corp. * | 919,000 | 45 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Foxconn International Holdings Ltd. * | 64,000 | 56 | ||||||
Lenovo Group Ltd. | 218,000 | 122 | ||||||
178 | ||||||||
Telecommunication Services 0.2% | ||||||||
China Mobile Ltd. | 33,500 | 314 | ||||||
China Unicom (Hong Kong) Ltd. | 70,056 | 89 | ||||||
Hutchison Telecommunications Hong Kong Holdings Ltd. | 539,000 | 93 | ||||||
Hutchison Telecommunications International Ltd. | 544,000 | 109 | ||||||
PCCW Ltd. | 59,000 | 14 | ||||||
619 | ||||||||
Transportation 0.1% | ||||||||
Cathay Pacific Airways Ltd. * | 40,800 | 66 | ||||||
China Merchants Holdings International Co., Ltd. | 12,000 | 38 | ||||||
Cosco Pacific Ltd. | 24,000 | 33 | ||||||
MTR Corp., Ltd. | 16,000 | 57 | ||||||
Orient Overseas International Ltd. | 15,000 | 73 | ||||||
267 | ||||||||
Utilities 0.1% | ||||||||
Cheung Kong Infrastructure Holdings Ltd. | 3,100 | 11 | ||||||
China Resources Power Holdings Co., Ltd. | 3,000 | 6 | ||||||
CLP Holdings Ltd. | 16,500 | 111 | ||||||
Hong Kong & China Gas Co., Ltd. | 27,290 | 66 | ||||||
Hongkong Electric Holdings Ltd. | 13,000 | 69 | ||||||
263 | ||||||||
5,003 | ||||||||
Ireland 1.8% | ||||||||
Banks 1.2% | ||||||||
Allied Irish Banks plc * | 430,547 | 1,189 | ||||||
Anglo Irish Bank Corp. plc (a)* | 9,106 | — | ||||||
The Governor and Company of the Bank of Ireland * | 733,688 | 1,840 | ||||||
3,029 | �� | |||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Kerry Group plc, Class A | 1,700 | 50 | ||||||
Insurance 0.3% | ||||||||
Irish Life & Permanent plc | 94,759 | 685 | ||||||
Materials 0.2% | ||||||||
CRH plc | 11,983 | 294 | ||||||
Smurfit Kappa Group plc * | 19,930 | 155 | ||||||
449 | ||||||||
Media 0.1% | ||||||||
WPP plc | 34,017 | 305 | ||||||
Transportation 0.0% | ||||||||
Ryanair Holdings plc * | 6,394 | 28 | ||||||
4,546 | ||||||||
Israel 0.3% | ||||||||
Banks 0.1% | ||||||||
Bank Hapoalim B.M. * | 23,527 | 86 | ||||||
Bank Leumi Le-israel * | 18,794 | 74 | ||||||
Israel Discount Bank Class A | 21,627 | 41 | ||||||
201 | ||||||||
Capital Goods 0.1% | ||||||||
Delek Group Ltd. | 238 | 40 | ||||||
Discount Investment Corp. — Reg’d | 1,886 | 44 | ||||||
IDB Holding Corp., Ltd. | 1,361 | 32 | ||||||
116 | ||||||||
Energy 0.0% | ||||||||
Oil Refineries Ltd. | 103,999 | 57 | ||||||
Materials 0.0% | ||||||||
Israel Chemicals Ltd. | 2,811 | 33 | ||||||
The Israel Corp., Ltd. * | 71 | 49 | ||||||
82 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Teva Pharmaceutical Industries Ltd. | 2,683 | 135 | ||||||
Real Estate 0.0% | ||||||||
Delek Real Estate Ltd. * | 1 | -- | ||||||
Telecommunication Services 0.0% | ||||||||
Bezeq Israeli Telecommunication Corp., Ltd. | 14,420 | 32 | ||||||
Cellcom Israel Ltd. | 980 | 29 | ||||||
61 | ||||||||
652 | ||||||||
Italy 5.1% | ||||||||
Automobiles & Components 0.4% | ||||||||
Fiat S.p.A. * | 60,168 | 896 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Pirelli & C. S.p.A. * | 229,132 | 129 | ||||||
1,025 | ||||||||
Banks 2.1% | ||||||||
Banca Carige S.p.A. (Cassa di Risparmio di Genova e Imperia) | 7,939 | 23 | ||||||
Banca Monte dei Paschi di Siena S.p.A. | 74,383 | 141 | ||||||
Banca Popolare di Milano Scarl | 18,882 | 141 | ||||||
Banco Popolare Societa Cooperativa * | 52,584 | 457 | ||||||
Intesa Sanpaolo * | 272,129 | 1,145 | ||||||
UniCredit S.p.A. * | 920,933 | 3,085 | ||||||
Unione di Banche Italiane S.c.p.A. | 16,309 | 233 | ||||||
5,225 | ||||||||
Capital Goods 0.1% | ||||||||
C.I.R. S.p.A. — Compagnie Industriali Riunite * | 20,035 | 45 | ||||||
Finmeccanica S.p.A. | 7,705 | 129 | ||||||
Prysmian S.p.A. | 4,075 | 72 | ||||||
246 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Benetton Group S.p.A. | 2,053 | 20 | ||||||
Luxottica Group S.p.A. | 1,686 | 41 | ||||||
61 | ||||||||
Consumer Services 0.0% | ||||||||
Autogrill S.p.A. * | 4,145 | 47 | ||||||
Lottomatica S.p.A. | 993 | 21 | ||||||
68 | ||||||||
Diversified Financials 0.1% | ||||||||
Exor S.p.A. | 4,537 | 89 | ||||||
Mediobanca S.p.A. | 8,755 | 112 | ||||||
201 | ||||||||
Energy 0.6% | ||||||||
Eni S.p.A. | 57,910 | 1,434 | ||||||
ERG S.p.A. | 2,182 | 32 | ||||||
Saipem S.p.A. | 4,086 | 121 | ||||||
Saras S.p.A. | 7,416 | 24 | ||||||
1,611 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Parmalat S.p.A. | 26,039 | 72 | ||||||
Insurance 0.6% | ||||||||
Assicurazioni Generali S.p.A. | 43,860 | 1,104 | ||||||
Fondiaria — Sai S.p.A. | 6,426 | 117 | ||||||
Mediolanum S.p.A | 3,128 | 20 | ||||||
Milano Assicurazioni S.p.A. | 8,855 | 29 | ||||||
Premafin Finanziaria S.p.A. * | 24,323 | 40 | ||||||
Societa Cattolica di Assicurazioni S.c.r.l. * | 1,827 | 59 | ||||||
Unipol Gruppo Finanziario S.p.A. * | 33,658 | 49 | ||||||
1,418 | ||||||||
Materials 0.1% | ||||||||
Buzzi Unicem S.p.A. | 2,848 | 48 | ||||||
Italcementi S.p.A. | 2,709 | 39 | ||||||
Italcementi S.p.A. — RNC | 5,810 | 44 | ||||||
Italmobiliare S.p.A. * | 2,456 | 81 | ||||||
212 | ||||||||
Media 0.1% | ||||||||
Mediaset S.p.A. | 22,261 | 144 | ||||||
Telecom Italia Media S.p.A. * | 416,771 | 73 | ||||||
217 | ||||||||
Telecommunication Services 0.4% | ||||||||
Telecom Italia S.p.A. | 522,205 | 829 | ||||||
Telecom Italia S.p.A. — RNC | 242,501 | 267 | ||||||
1,096 | ||||||||
Transportation 0.1% | ||||||||
Atlantia S.p.A. | 7,411 | 175 | ||||||
Utilities 0.5% | ||||||||
A2A S.p.A. | 20,434 | 38 | ||||||
Edison S.p.A. | 13,928 | 21 | ||||||
Enel S.p.A. | 203,047 | 1,208 | ||||||
Hera S.p.A. | 7,994 | 18 | ||||||
Snam Rete Gas S.p.A | 11,759 | 57 | ||||||
Terna — Rete Elettrica Nationale S.p.A. | 15,896 | 63 | ||||||
1,405 | ||||||||
13,032 | ||||||||
Japan 13.0% | ||||||||
Automobiles & Components 1.9% | ||||||||
Aisin Seiki Co. Ltd. | 4,900 | 125 | ||||||
Bridgestone Corp. | 11,800 | 195 | ||||||
Calsonic Kansei Corp. | 12,000 | 32 | ||||||
Daihatsu Motor Co., Ltd. | 3,000 | 31 | ||||||
Denso Corp. | 7,500 | 205 | ||||||
Fuji Heavy Industries Ltd. | 21,000 | 82 | ||||||
Honda Motor Co., Ltd. | 22,500 | 695 | ||||||
Isuzu Motors Ltd. | 68,000 | 144 | ||||||
Mazda Motor Corp. | 54,000 | 122 | ||||||
Mitsubishi Motors Corp. * | 64,000 | 95 | ||||||
NGK Spark Plug Co., Ltd. | 2,000 | 23 | ||||||
Nissan Motor Co., Ltd. | 121,100 | 876 | ||||||
Nok Corp. | 3,600 | 48 | ||||||
Sumitomo Rubber Industries Ltd. | 2,800 | 26 | ||||||
Suzuki Motor Corp. | 7,700 | 186 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Takata Corp. | 2,700 | 50 | ||||||
Toyoda Gosei Co., Ltd. | 1,200 | 34 | ||||||
Toyota Auto Body Co., Ltd. | 600 | 11 | ||||||
Toyota Boshoku Corp. | 1,700 | 35 | ||||||
Toyota Industries Corp. | 2,900 | 78 | ||||||
Toyota Motor Corp. | 43,400 | 1,713 | ||||||
Yamaha Motor Co., Ltd. | 5,200 | 62 | ||||||
4,868 | ||||||||
Banks 1.0% | ||||||||
Aozora Bank Ltd. * | 16,000 | 19 | ||||||
Chuo Mitsui Trust Holdings, Inc. | 21,000 | 77 | ||||||
Fukuoka Financial Group, Inc. | 12,000 | 44 | ||||||
Hokuhoku Financial Group, Inc. | 17,000 | 37 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 151,934 | 809 | ||||||
Mizuho Financial Group, Inc. | 214,616 | 423 | ||||||
Mizuho Trust & Banking Co., Ltd. * | 9,000 | 9 | ||||||
Resona Holdings, Inc. | 1,558 | 19 | ||||||
Sapporo Hokuyo Holdings, Inc. * | 11,333 | 38 | ||||||
Shinsei Bank Ltd. * | 51,000 | 66 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 19,010 | 646 | ||||||
The Bank of Kyoto Ltd. | 3,000 | 27 | ||||||
The Bank of Yokohama Ltd. | 10,000 | 49 | ||||||
The Chiba Bank Ltd. | 7,000 | 43 | ||||||
The Gunma Bank Ltd. | 3,000 | 16 | ||||||
The Hachijuni Bank Ltd. | 5,000 | 30 | ||||||
The Joyo Bank Ltd. | 6,000 | 26 | ||||||
The Shizuoka Bank Ltd. | 4,000 | 40 | ||||||
The Sumitomo Trust & Banking Co., Ltd. | 24,000 | 125 | ||||||
2,543 | ||||||||
Capital Goods 1.9% | ||||||||
Amada Co., Ltd. | 7,000 | 43 | ||||||
Asahi Glass Co., Ltd. | 25,000 | 211 | ||||||
Daikin Industries Ltd. | 2,400 | 81 | ||||||
Fanuc Ltd. | 1,000 | 83 | ||||||
Fuji Electric Holdings Co., Ltd. | 37,000 | 69 | ||||||
Fujikura Ltd. | 14,000 | 68 | ||||||
Hankyu Hanshin Holdings, Inc. | 11,000 | 49 | ||||||
Hanwa Co., Ltd. | 14,000 | 49 | ||||||
Hino Motors Ltd. | 13,700 | 51 | ||||||
Hitachi Construction Machinery Co., Ltd. | 1,800 | 42 | ||||||
IHI Corp. * | 43,000 | 82 | ||||||
Itochu Corp. | 27,000 | 171 | ||||||
JFE Shoji Holdings, Inc. | 7,000 | 25 | ||||||
JS Group Corp. | 5,300 | 86 | ||||||
JTEKT Corp. | 10,600 | 112 | ||||||
Kajima Corp. | 26,000 | 61 | ||||||
Kanematsu Corp. * | 41,000 | 34 | ||||||
Kawasaki Heavy Industries Ltd. | 31,000 | 77 | ||||||
Kinden Corp. | 3,000 | 24 | ||||||
Komatsu Ltd. | 14,300 | 279 | ||||||
Kubota Corp. | 9,000 | 70 | ||||||
Marubeni Corp. | 42,000 | 208 | ||||||
Matsushita Electric Works Ltd. | 5,000 | 63 | ||||||
Mitsubishi Corp. | 22,600 | 479 | ||||||
Mitsubishi Electric Corp. | 41,000 | 312 | ||||||
Mitsubishi Heavy Industries Ltd. | 68,000 | 240 | ||||||
Mitsui & Co., Ltd. | 25,000 | 328 | ||||||
Nagase & Co., Ltd. | 1,000 | 12 | ||||||
NEC Leasing Ltd. | 1,500 | 20 | ||||||
NGK Insulators Ltd. | 2,000 | 45 | ||||||
Nippon Sheet Glass Co., Ltd. | 18,000 | 53 | ||||||
Nippon Steel Trading Co., Ltd. | 12,000 | 20 | ||||||
NSK Ltd. | 11,000 | 64 | ||||||
NTN Corp. | 14,000 | 53 | ||||||
Obayashi Corp. | 13,000 | 49 | ||||||
Shimizu Corp. | 14,000 | 54 | ||||||
SMC Corp. | 500 | 57 | ||||||
Sojitz Corp. | 176,100 | 325 | ||||||
Sumikin Bussan Corp. | 7,000 | 15 | ||||||
Sumitomo Corp. | 18,300 | 178 | ||||||
Sumitomo Electric Industries Ltd. | 14,300 | 174 | ||||||
Sumitomo Heavy Industries Ltd. | 11,000 | 50 | ||||||
Taisei Corp. | 30,000 | 59 | ||||||
The Furukawa Electric Co., Ltd. | 5,000 | 19 | ||||||
Toto Ltd. | 6,000 | 36 | ||||||
Toyota Tsusho Corp. | 8,700 | 124 | ||||||
4,804 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Dai Nippon Printing Co., Ltd. | 12,000 | 150 | ||||||
Secom Co., Ltd. | 1,600 | 75 | ||||||
Toppan Printing Co., Ltd. | 15,000 | 134 | ||||||
359 | ||||||||
Consumer Durables & Apparel 1.0% | ||||||||
Casio Computer Co., Ltd. | 3,500 | 26 | ||||||
Chofu Seisakusho Co., Ltd. | 4,000 | 79 | ||||||
HASEKO Corp. * | 92,500 | 71 | ||||||
Makita Corp. | 1,300 | 43 | ||||||
NAMCO BANDAI Holdings, Inc. | 2,500 | 25 | ||||||
Nikon Corp. | 4,000 | 74 | ||||||
Panasonic Corp. | 49,300 | 696 | ||||||
Pioneer Corp. * | 28,600 | 71 | ||||||
Sankyo Co., Ltd. | 400 | 23 | ||||||
Sanyo Electric Co., Ltd. * | 48,000 | 119 | ||||||
Sega Sammy Holdings, Inc. | 2,800 | 40 | ||||||
Sekisui Chemical Co., Ltd. | 9,000 | 54 | ||||||
Sekisui House Ltd. | 12,000 | 104 | ||||||
Sharp Corp. | 21,000 | 224 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Sony Corp. | 28,500 | 842 | ||||||
Sumitomo Forestry Co., Ltd. | 4,300 | 33 | ||||||
Yamaha Corp. | 3,200 | 33 | ||||||
2,557 | ||||||||
Consumer Services 0.0% | ||||||||
Oriental Land Co., Ltd. | 200 | 14 | ||||||
Diversified Financials 0.7% | ||||||||
Acom Co., Ltd. | 660 | 9 | ||||||
Aiful Corp. | 26,200 | 37 | ||||||
Century Leasing System, Inc. | 5,650 | 63 | ||||||
Credit Saison Co., Ltd. | 8,000 | 89 | ||||||
Daiwa Securities Group, Inc. | 39,000 | 205 | ||||||
Fuyo General Lease Co., Ltd. | 2,800 | 62 | ||||||
Hitachi Capital Corp. | 3,600 | 46 | ||||||
IBJ Leasing Co., Ltd. | 3,600 | 62 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 2,420 | 72 | ||||||
Nomura Holdings, Inc. | 74,400 | 524 | ||||||
ORIX Corp. | 8,390 | 542 | ||||||
Promise Co., Ltd. | 3,050 | 19 | ||||||
Ricoh Leasing Co., Ltd. | 1,400 | 29 | ||||||
Takefuji Corp. | 8,520 | 32 | ||||||
1,791 | ||||||||
Energy 0.3% | ||||||||
Cosmo Oil Co., Ltd. | 30,000 | 79 | ||||||
Idemitsu Kosan Co., Ltd. | 1,000 | 73 | ||||||
Inpex Corp. | 9 | 74 | ||||||
Nippon Mining Holdings, Inc. | 33,000 | 147 | ||||||
Nippon Oil Corp. | 45,000 | 222 | ||||||
Showa Shell Sekiyu K.K. | 3,500 | 34 | ||||||
TonenGeneral Sekiyu K.K. | 6,000 | 55 | ||||||
684 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Aeon Co., Ltd. | 26,500 | 236 | ||||||
Lawson, Inc. | 600 | 27 | ||||||
Ryoshoku Ltd. | 400 | 9 | ||||||
Seven & i Holdings Co., Ltd. | 11,000 | 241 | ||||||
Uny Co., Ltd. | 5,200 | 39 | ||||||
552 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Ajinomoto Co., Inc. | 9,000 | 85 | ||||||
Asahi Breweries Ltd. | 5,600 | 99 | ||||||
Japan Tobacco, Inc. | 70 | 196 | ||||||
Kirin Holdings Co., Ltd. | 11,000 | 180 | ||||||
Nippon Meat Packers, Inc. | 3,000 | 35 | ||||||
Nisshin Seifun Group, Inc. | 2,500 | 33 | ||||||
Yamazaki Baking Co., Ltd. | 1,000 | 12 | ||||||
640 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Alfresa Holdings Corp. | 1,100 | 48 | ||||||
Medipal Holdings Corp. | 5,400 | 75 | ||||||
Olympus Corp. | 3,500 | 109 | ||||||
Suzuken Co., Ltd. | 1,100 | 39 | ||||||
Terumo Corp. | 800 | 42 | ||||||
313 | ||||||||
Household & Personal Products 0.1% | ||||||||
Kao Corp. | 6,000 | 133 | ||||||
Shiseido Co., Ltd. | 3,000 | 55 | ||||||
188 | ||||||||
Insurance 0.2% | ||||||||
Aioi Insurance Co., Ltd. | 11,000 | 48 | ||||||
NIPPONKOA Insurance Co., Ltd. | 6,000 | 33 | ||||||
Sompo Japan Insurance, Inc. | 19,000 | 111 | ||||||
T&D Holdings, Inc. | 4,500 | 116 | ||||||
Tokio Marine Holdings, Inc. | 7,800 | 200 | ||||||
508 | ||||||||
Materials 1.2% | ||||||||
Asahi Kasei Corp. | 26,000 | 129 | ||||||
DIC Corp. | 27,000 | 44 | ||||||
Hitachi Chemical Co., Ltd. | 2,200 | 44 | ||||||
Hitachi Metals Ltd. | 2,000 | 19 | ||||||
JFE Holdings, Inc. | 10,400 | 339 | ||||||
JSR Corp. | 3,100 | 60 | ||||||
Kaneka Corp. | 3,000 | 20 | ||||||
Kobe Steel Ltd. | 82,000 | 149 | ||||||
Kuraray Co., Ltd. | 4,500 | 46 | ||||||
Mitsubhishi Gas Chemical Co., Inc. | 8,000 | 37 | ||||||
Mitsubhishi Materials Corp. | 23,000 | 61 | ||||||
Mitsubishi Chemical Holdings Corp. | 36,000 | 134 | ||||||
Mitsubishi Rayon Co., Ltd. | 14,000 | 48 | ||||||
Mitsui Chemicals, Inc. | 31,000 | 106 | ||||||
Mitsui Mining & Smelting Co., Ltd. * | 23,000 | 59 | ||||||
Nippon Paper Group, Inc. | 2,743 | 73 | ||||||
Nippon Steel Corp. | 99,000 | 378 | ||||||
Nisshin Steel Co., Ltd. | 26,000 | 43 | ||||||
NItto Denko Corp. | 2,300 | 69 | ||||||
Oji Paper Co., Ltd. | 18,000 | 78 | ||||||
Shin-Etsu Chemical Co., Ltd. | 2,800 | 148 | ||||||
Showa Denko K.K. | 32,000 | 62 | ||||||
Sumitomo Chemical Co., Ltd. | 32,000 | 128 | ||||||
Sumitomo Metal Industries Ltd. | 63,000 | 161 | ||||||
Sumitomo Metal Mining Co., Ltd. | 7,000 | 111 | ||||||
Taiheiyo Cement Corp. | 26,000 | 30 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Teijin Ltd. | 28,000 | 82 | ||||||
Toray Industries, Inc. | 20,000 | 114 | ||||||
Tosoh Corp. | 20,000 | 54 | ||||||
Toyo Seikan Kaisha Ltd. | 3,200 | 54 | ||||||
Ube Industries Ltd. | 20,000 | 52 | ||||||
2,932 | ||||||||
Media 0.1% | ||||||||
Dentsu, Inc. | 3,601 | 77 | ||||||
Fuji Television Network, Inc. | 6 | 9 | ||||||
Hakuhodo Dy Holdings, Inc. | 780 | 39 | ||||||
Nippon Television Network Corp. | 50 | 7 | ||||||
Tokyo Broadcasting System Holdings, Inc. | 500 | 7 | ||||||
139 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Astellas Pharma, Inc. | 3,000 | 110 | ||||||
Chugai Pharmaceutical Co., Ltd. | 1,000 | 19 | ||||||
Daiichi Sankyo Co., Ltd. | 6,700 | 131 | ||||||
Eisai Co., Ltd. | 2,100 | 75 | ||||||
Mitsubishi Tanabe Pharma Corp. | 1,000 | 13 | ||||||
Ono Pharmaceutical Co., Ltd. | 800 | 38 | ||||||
Taisho Pharmaceutical Co., Ltd. | 1,000 | 18 | ||||||
Takeda Pharmaceutical Co., Ltd. | 5,300 | 212 | ||||||
616 | ||||||||
Real Estate 0.3% | ||||||||
Daito Trust Construction Co., Ltd. | 1,400 | 58 | ||||||
Daiwa House Industry Co., Ltd. | 11,000 | 118 | ||||||
Leopalace21 Corp. | 5,200 | 28 | ||||||
Mitsubishi Estate Co., Ltd. | 9,000 | 136 | ||||||
Mitsui Fudosan Co., Ltd. | 11,000 | 178 | ||||||
Nomura Real Estate Holdings, Inc. | 700 | 11 | ||||||
Sumitomo Realty & Development Co., Ltd. | 6,500 | 123 | ||||||
Tokyu Land Corp. | 11,000 | 44 | ||||||
696 | ||||||||
Retailing 0.1% | ||||||||
Canon Marketing Japan, Inc. | 1,600 | 26 | ||||||
Fast Retailing Co., Ltd. | 200 | 33 | ||||||
J. Front Retailing Co., Ltd. | 12,000 | 57 | ||||||
Marui Group Co., Ltd. | 6,300 | 36 | ||||||
Takashimaya Co., Ltd. | 8,000 | 54 | ||||||
The Daiei, Inc. * | 19,200 | 71 | ||||||
Yamada Denki Co., Ltd. | 1,740 | 106 | ||||||
383 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
Advantest Corp. | 2,300 | 51 | ||||||
Elpida Memory, Inc. * | 8,300 | 109 | ||||||
NEC Electronics Corp. * | 1,400 | 10 | ||||||
Rohm Co., Ltd. | 1,600 | 106 | ||||||
Sumco Corp. | 1,300 | 25 | ||||||
Tokyo Electron Ltd. | 1,600 | 90 | ||||||
391 | ||||||||
Software & Services 0.1% | ||||||||
Nintendo Co., Ltd. | 430 | 108 | ||||||
NTT Data Corp. | 14 | 40 | ||||||
Yahoo! Japan Corp. | 20 | 6 | ||||||
154 | ||||||||
Technology Hardware & Equipment 1.6% | ||||||||
Alps Electric Co., Ltd. | 10,200 | 64 | ||||||
Brother Industries Ltd. | 5,000 | 57 | ||||||
Canon, Inc. | 18,900 | 713 | ||||||
Citizen Holdings Co., Ltd. | 6,800 | 38 | ||||||
FUJIFILM Holdings Corp. | 9,300 | 264 | ||||||
Fujitsu Ltd. | 59,000 | 347 | ||||||
Hitachi High-Technologies Corp. | 900 | 15 | ||||||
Hitachi Ltd. | 163,000 | 526 | ||||||
Hoya Corp. | 2,700 | 59 | ||||||
Ibiden Co., Ltd. | 1,300 | 47 | ||||||
Keyence Corp. | 130 | 26 | ||||||
Konica Minolta Holdings, Inc. | 6,400 | 60 | ||||||
Kyocera Corp. | 2,500 | 210 | ||||||
Murata Manufacturing Co., Ltd. | 2,300 | 112 | ||||||
NEC Corp. * | 77,000 | 219 | ||||||
Nidec Corp. | 400 | 34 | ||||||
Nippon Electric Glass Co., Ltd. | 3,000 | 32 | ||||||
Oki Electric Industry Co., Ltd. * | 47,000 | 42 | ||||||
OMRON Corp. | 4,200 | 71 | ||||||
Ricoh Co., Ltd. | 10,000 | 136 | ||||||
Seiko Epson Corp. | 5,900 | 91 | ||||||
Tdk Corp. | 2,100 | 121 | ||||||
Toshiba Corp. | 129,000 | 737 | ||||||
4,021 | ||||||||
Telecommunication Services 0.4% | ||||||||
KDDI Corp. | 43 | 228 | ||||||
Nippon Telegraph & Telephone Corp. | 10,204 | 421 | ||||||
NTT DoCoMo, Inc. | 185 | 268 | ||||||
SOFTBANK Corp. | 4,600 | 109 | ||||||
1,026 | ||||||||
Transportation 0.5% | ||||||||
All Nippon Airways Co., Ltd. | 7,000 | 20 | ||||||
Central Japan Railway Co. | 25 | 167 | ||||||
East Japan Railway Co. | 3,718 | 238 | ||||||
Japan Airlines Corp. * | 16,000 | 21 | ||||||
Kawasaki Kisen Kaisha Ltd. | 16,000 | 58 | ||||||
Keio Corp. | 5,100 | 32 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Kintetsu Corp. | 12,000 | 43 | ||||||
Mitsui O.S.K. Lines Ltd. | 18,000 | 105 | ||||||
Nagoya Railroad Co., Ltd. | 12,000 | 36 | ||||||
Nippon Express Co., Ltd. | 26,000 | 106 | ||||||
Nippon Yusen Kabushiki Kaisha | 24,000 | 89 | ||||||
Odakyu Electric Railway Co., Ltd. | 4,000 | 33 | ||||||
Tobu Railway Co., Ltd. | 7,000 | 38 | ||||||
Tokyu Corp. | 14,000 | 61 | ||||||
West Japan Railway Co. | 24 | 85 | ||||||
Yamato Holdings Co., Ltd. | 6,000 | 88 | ||||||
1,220 | ||||||||
Utilities 0.6% | ||||||||
Chubu Electric Power Co., Inc. | 8,700 | 194 | ||||||
Electric Power Development Co., Ltd. | 2,200 | 68 | ||||||
Hokkaido Electric Power Co., Inc. | 2,900 | 56 | ||||||
Hokuriku Electric Power Co. | 2,100 | 48 | ||||||
Kyushu Electric Power Co., Inc. | 5,900 | 120 | ||||||
Osaka Gas Co., Ltd. | 19,000 | 64 | ||||||
Shikoku Electric Power Co., Inc. | 2,000 | 56 | ||||||
The Chugoku Electric Power Co., Inc. | 3,700 | 75 | ||||||
The Kansai Electric Power Co., Inc. | 10,000 | 216 | ||||||
The Tokyo Electric Power Co., Inc. | 15,200 | 374 | ||||||
Toho Gas Co., Ltd. | 4,000 | 21 | ||||||
Tohoku Electric Power Co., Inc. | 5,900 | 121 | ||||||
Tokyo Gas Co., Ltd. | 24,000 | 95 | ||||||
1,508 | ||||||||
32,907 | ||||||||
Luxembourg 0.4% | ||||||||
Materials 0.4% | ||||||||
ArcelorMittal N.V. | 27,949 | 946 | ||||||
Media 0.0% | ||||||||
RTL Group | 181 | 11 | ||||||
SES FDR | 2,866 | 62 | ||||||
73 | ||||||||
1,019 | ||||||||
Netherlands 4.5% | ||||||||
Capital Goods 0.2% | ||||||||
European Aeronautic Defence & Space Co. | 9,415 | 176 | ||||||
Koninklijke (Royal) Philips Electronics N.V. | 14,164 | 356 | ||||||
Koninklijke BAM Groep N.V. | 6,291 | 74 | ||||||
606 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Randstad Holding N.V. * | 3,448 | 131 | ||||||
Diversified Financials 2.4% | ||||||||
ING Groep N.V. CVA * | 464,063 | 6,039 | ||||||
SNS Reaal * | 9,180 | 65 | ||||||
6,104 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Koninklijke Ahold N.V. | 17,261 | 217 | ||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Heineken Holding N.V. | 2,698 | 105 | ||||||
Heineken N.V. | 2,985 | 132 | ||||||
Unilever N.V. | 33,622 | 1,036 | ||||||
1,273 | ||||||||
Insurance 0.3% | ||||||||
Aegon N.V. * | 116,465 | 828 | ||||||
Materials 0.4% | ||||||||
Akzo Nobel N.V. | 5,363 | 317 | ||||||
James Hardie Industries N.V. CDI * | 69,511 | 441 | ||||||
Koninklijke DSM N.V. | 4,622 | 202 | ||||||
960 | ||||||||
Media 0.1% | ||||||||
Reed Elsevier N.V. | 3,061 | 36 | ||||||
Wolters Kluwer N.V. | 3,329 | 74 | ||||||
110 | ||||||||
Real Estate 0.0% | ||||||||
Corio N.V. | 1,327 | 90 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASML Holding N.V. | 3,841 | 103 | ||||||
STMicroelectronics N.V. | 25,756 | 207 | ||||||
310 | ||||||||
Telecommunication Services 0.2% | ||||||||
Koninklijke (Royal) KPN N.V. | 24,504 | 444 | ||||||
Transportation 0.1% | ||||||||
TNT N.V. | 7,902 | 210 | ||||||
11,283 | ||||||||
New Zealand 0.1% | ||||||||
Materials 0.0% | ||||||||
Fletcher Building Ltd. | 19,470 | 115 | ||||||
Telecommunication Services 0.1% | ||||||||
Telecom Corp. of New Zealand Ltd. | 75,687 | 137 | ||||||
252 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Norway 0.9% | ||||||||
Banks 0.2% | ||||||||
DnB NOR A.S.A. * | 36,841 | 422 | ||||||
Capital Goods 0.1% | ||||||||
Orkla A.S.A. | 16,814 | 155 | ||||||
Energy 0.3% | ||||||||
Aker A.S.A., Class A | 1,479 | 39 | ||||||
Aker Solutions A.S.A. | 7,150 | 86 | ||||||
Frontline Ltd. | 1,734 | 40 | ||||||
Seadrill Ltd. * | 3,673 | 76 | ||||||
StatoiHydro A.S.A. | 21,323 | 503 | ||||||
744 | ||||||||
Insurance 0.0% | ||||||||
Storebrand A.S.A. * | 17,177 | 117 | ||||||
Materials 0.2% | ||||||||
Norsk Hydro A.S.A. * | 78,192 | 513 | ||||||
Norske Skogindustrier A.S.A. * | 25,482 | 42 | ||||||
Yara International A.S.A. | 2,300 | 76 | ||||||
631 | ||||||||
Telecommunication Services 0.1% | ||||||||
Telenor A.S.A. * | 21,384 | 276 | ||||||
Transportation 0.0% | ||||||||
Wilh. Wilhelmsen A.S.A., Class A | 1,381 | 32 | ||||||
2,377 | ||||||||
Portugal 0.3% | ||||||||
Banks 0.1% | ||||||||
Banco BPI S.A. — Reg’d | 9,349 | 32 | ||||||
Banco Comercial Portugues S.A. — Reg’d | 84,884 | 121 | ||||||
Banco Espirito Santo, S.A. — Reg’d | 4,805 | 35 | ||||||
188 | ||||||||
Capital Goods 0.0% | ||||||||
Sonae | 40,238 | 53 | ||||||
Energy 0.0% | ||||||||
Galp Energia, SGPS, S.A., B Shares | 3,234 | 54 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Jeronimo Martins, SGPS, S.A. | 3,283 | 29 | ||||||
Materials 0.0% | ||||||||
Cimpor-Cimentos de Portugal, SGPS, S.A. | 3,549 | 28 | ||||||
Telecommunication Services 0.1% | ||||||||
Portugal Telecom, SGPS, S.A. — Reg’d | 17,003 | 194 | ||||||
Transportation 0.0% | ||||||||
Brisa — Private Shares | 5,523 | 55 | ||||||
Utilities 0.1% | ||||||||
EDP — Energias de Portugal S.A. | 40,429 | 179 | ||||||
Redes Energeticas Nacionais S.A. | 3,153 | 14 | ||||||
193 | ||||||||
794 | ||||||||
Republic of Korea 0.0% | ||||||||
Transportation 0.0% | ||||||||
STX Pan Ocean Co., Ltd. | 4,600 | 43 | ||||||
Singapore 0.6% | ||||||||
Banks 0.2% | ||||||||
DBS Group Holdings Ltd. | 24,056 | 220 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 31,897 | 172 | ||||||
United Overseas Bank Ltd. | 18,238 | 219 | ||||||
611 | ||||||||
Capital Goods 0.1% | ||||||||
Fraser & Neave Ltd. | 31,000 | 84 | ||||||
Keppel Corp., Ltd. | 18,000 | 104 | ||||||
Noble Group Ltd. | 65,157 | 119 | ||||||
SembCorp Industries Ltd. | 15,000 | 35 | ||||||
Singapore Technologies Engineering Ltd. | 15,100 | 31 | ||||||
373 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Wilmar International Ltd. | 8,166 | 36 | ||||||
Media 0.0% | ||||||||
Singapore Press Holdings Ltd. | 22,000 | 60 | ||||||
Real Estate 0.1% | ||||||||
Capitaland Ltd. | 37,000 | 107 | ||||||
City Developments Ltd. | 9,000 | 63 | ||||||
170 | ||||||||
Retailing 0.0% | ||||||||
Jardine Cycle & Carriage Ltd. | 3,000 | 49 | ||||||
Telecommunication Services 0.1% | ||||||||
Singapore Telecommunications Ltd. | 83,486 | 173 | ||||||
Transportation 0.1% | ||||||||
Neptune Orient Lines Ltd. | 60,146 | 67 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Singapore Airlines Ltd. | 12,270 | 118 | ||||||
185 | ||||||||
1,657 | ||||||||
Spain 3.7% | ||||||||
Banks 1.9% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 87,367 | 1,562 | ||||||
Banco de Sabadell S.A. | 15,821 | 107 | ||||||
Banco Espanol de Credito S.A. | 1,680 | 21 | ||||||
Banco Popular Espanol S.A. | 23,189 | 207 | ||||||
Banco Santander S.A. | 186,021 | 2,993 | ||||||
4,890 | ||||||||
Capital Goods 0.2% | ||||||||
ACS, Actividades de Construccion y Servicios S.A. | 3,431 | 165 | ||||||
Fomento de Construcciones y Contratas S.A. | 3,544 | 144 | ||||||
Grupo Ferrovial S.A. | 3,700 | 153 | ||||||
Sacyr Vallehermoso S.A. * | 9,219 | 140 | ||||||
602 | ||||||||
Diversified Financials 0.1% | ||||||||
Criteria Caixacorp S.A. | 19,933 | 97 | ||||||
Energy 0.4% | ||||||||
Repsol YPF S.A. | 34,572 | 920 | ||||||
Insurance 0.0% | ||||||||
Mapfre S.A. | 16,055 | 69 | ||||||
Materials 0.1% | ||||||||
Acerinox S.A. | 5,038 | 100 | ||||||
Media 0.0% | ||||||||
Gestevision Telecinco S.A. | 2,668 | 28 | ||||||
Real Estate 0.0% | ||||||||
Inmobiliaria Colonial S.A. * | 58,006 | 12 | ||||||
Retailing 0.0% | ||||||||
Industria de Diseno Textil S.A. | 1,527 | 90 | ||||||
Telecommunication Services 0.5% | ||||||||
Telefonica S.A. | 45,817 | 1,279 | ||||||
Transportation 0.1% | ||||||||
Abertis Infraestructuras S.A. | 6,570 | 140 | ||||||
Iberia Lineas Aereas de Espana S.A. * | 50,963 | 140 | ||||||
280 | ||||||||
Utilities 0.4% | ||||||||
Acciona S.A. | 850 | 103 | ||||||
Enagas | 1,445 | 30 | ||||||
Gas Natural SDG S.A. | 14,200 | 285 | ||||||
Iberdrola Renovables S.A. | 6,033 | 27 | ||||||
Iberdrola S.A. | 57,660 | 522 | ||||||
Red Electrica Corporacion S.A. | 382 | 20 | ||||||
987 | ||||||||
9,354 | ||||||||
Sweden 3.1% | ||||||||
Banks 1.2% | ||||||||
Nordea Bank AB | 117,378 | 1,260 | ||||||
Skandinaviska Enskilda Banken AB, A Shares * | 126,888 | 769 | ||||||
Svenska Handelsbanken AB, A Shares | 14,595 | 377 | ||||||
Swedbank AB, A Shares * | 67,492 | 581 | ||||||
2,987 | ||||||||
Capital Goods 0.8% | ||||||||
AB SKF, B Shares | 9,944 | 157 | ||||||
Assa Abloy AB, B Shares | 6,335 | 111 | ||||||
Atlas Copco AB, A Shares | 8,132 | 109 | ||||||
Atlas Copco AB, B Shares | 4,600 | 55 | ||||||
NCC AB, B Shares | 8,557 | 129 | ||||||
Sandvik AB | 24,950 | 276 | ||||||
Scania AB, B Shares | 14,350 | 184 | ||||||
Skanska AB, B Shares | 14,317 | 210 | ||||||
Volvo AB, A Shares | 22,303 | 206 | ||||||
Volvo AB, B Shares | 55,373 | 524 | ||||||
1,961 | ||||||||
Commercial & Professional Supplies 0.0% | ||||||||
Securitas AB, B Shares | 9,000 | 84 | ||||||
Consumer Durables & Apparel 0.2% | ||||||||
Electrolux AB, B Shares * | 15,847 | 380 | ||||||
Husqvarna AB, B Shares * | 11,100 | 70 | ||||||
450 | ||||||||
Diversified Financials 0.2% | ||||||||
Industrivarden AB, A Shares | 8,000 | 95 | ||||||
Investor AB, B Shares | 12,888 | 228 | ||||||
Kinnevik Investment AB, B Shares | 5,966 | 82 | ||||||
L E Lundbergforetagen AB, B Shares | 1,524 | 71 | ||||||
476 | ||||||||
Materials 0.3% | ||||||||
Boliden AB | 13,800 | 166 | ||||||
Holmen AB, B Shares | 2,800 | 76 | ||||||
SSAB Svenskt Stal AB, A Shares | 6,700 | 102 | ||||||
Svenska Cellulosa AB, B Shares | 27,955 | 384 | ||||||
728 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Retailing 0.1% | ||||||||
Hennes & Mauritz AB, B Shares | 3,407 | 193 | ||||||
Technology Hardware & Equipment 0.2% | ||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 42,175 | 441 | ||||||
Telecommunication Services 0.1% | ||||||||
Tele2 AB, B Shares | 8,400 | 123 | ||||||
TeliaSonera AB | 39,851 | 264 | ||||||
387 | ||||||||
Transportation 0.0% | ||||||||
SAS AB * | 155,352 | 94 | ||||||
7,801 | ||||||||
Switzerland 4.5% | ||||||||
Capital Goods 0.1% | ||||||||
ABB Ltd. — Reg’d * | 14,406 | 268 | ||||||
Schindler Holding AG — Reg’d | 272 | 19 | ||||||
287 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Adecco S.A. — Reg’d | 4,071 | 182 | ||||||
SGS S.A. — Reg’d | 42 | 56 | ||||||
238 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Compagnie Financiere Richemont S.A., Series A | 8,928 | 250 | ||||||
Swatch Group AG | 315 | 73 | ||||||
323 | ||||||||
Diversified Financials 1.4% | ||||||||
Credit Suisse Group AG — Reg’d | 29,781 | 1,592 | ||||||
Julius Baer Group Ltd. | 2,523 | 95 | ||||||
Julius Baer Holding AG — Reg’d | 2,124 | 26 | ||||||
Pargesa Holding S.A. | 1,062 | 85 | ||||||
UBS AG — Reg’d * | 97,904 | 1,632 | ||||||
3,430 | ||||||||
Energy 0.0% | ||||||||
Petroplus Holdings AG * | 3,389 | 74 | ||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Nestle S.A. — Reg’d | 28,375 | 1,320 | ||||||
Insurance 1.1% | ||||||||
Baloise Holding AG — Reg’d | 1,166 | 100 | ||||||
Helvetia Holding AG — Reg’d | 242 | 77 | ||||||
Swiss Life Holding — Reg’d * | 4,056 | 486 | ||||||
Swiss Re — Reg’d | 30,282 | 1,233 | ||||||
Zurich Financial Services AG — Reg’d | 4,129 | 945 | ||||||
2,841 | ||||||||
Materials 0.3% | ||||||||
Clariant AG — Reg’d * | 14,283 | 137 | ||||||
Givaudan S.A. — Reg’d | 58 | 43 | ||||||
Holcim Ltd. — Reg’d * | 6,525 | 415 | ||||||
Syngenta AG — Reg’d | 447 | 106 | ||||||
701 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Novartis AG — Reg’d | 22,585 | 1,176 | ||||||
Roche Holding AG | 5,236 | 839 | ||||||
2,015 | ||||||||
Telecommunication Services 0.0% | ||||||||
Swisscom AG — Reg’d | 225 | 81 | ||||||
Transportation 0.1% | ||||||||
Kuehne & Nagel International AG — Reg’d | 1,110 | 101 | ||||||
Panalpina Welttransport Holding AG — Reg’d | 785 | 55 | ||||||
156 | ||||||||
Utilities 0.0% | ||||||||
BKW FMB Energie AG | 147 | 12 | ||||||
11,478 | ||||||||
United Kingdom 21.2% | ||||||||
Automobiles & Components 0.1% | ||||||||
GKN plc * | 125,889 | 220 | ||||||
Banks 5.3% | ||||||||
Barclays plc * | 929,847 | 4,873 | ||||||
Bradford & Bingley plc (a)* | 87,225 | — | ||||||
HSBC Holdings plc | 460,709 | 5,091 | ||||||
Lloyds Banking Group plc * | 861,716 | 1,215 | ||||||
Northern Rock plc (a) | 4,722 | — | ||||||
Royal Bank of Scotland Group plc * | 2,020,848 | 1,379 | ||||||
Standard Chartered plc | 34,008 | 834 | ||||||
13,392 | ||||||||
Capital Goods 0.6% | ||||||||
BAE Systems plc | 43,539 | 224 | ||||||
Balfour Beatty plc | 9,237 | 40 | ||||||
Bunzl plc | 4,353 | 47 | ||||||
Invensys plc | 15,389 | 71 | ||||||
Rolls-Royce Group plc * | 28,012 | 207 | ||||||
Rolls-Royce Group plc, C Shares (a)* | 1,680,720 | 3 | ||||||
Smiths Group plc | 4,967 | 73 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Tomkins plc | 37,505 | 103 | ||||||
Travis Perkins plc | 14,225 | 175 | ||||||
Wolseley plc * | 30,463 | 616 | ||||||
1,559 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Experian plc | 10,245 | 94 | ||||||
G4S plc | 16,594 | 68 | ||||||
Rentokil Initial plc * | 77,797 | 132 | ||||||
294 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Barratt Developments plc * | 61,232 | 135 | ||||||
Persimmon plc * | 13,108 | 87 | ||||||
Taylor Wimpey plc * | 1,026,132 | 622 | ||||||
844 | ||||||||
Consumer Services 0.8% | ||||||||
Carnival plc | 16,988 | 527 | ||||||
Compass Group plc | 33,409 | 212 | ||||||
Enterprise Inns plc | 73,305 | 142 | ||||||
InterContinental Hotels Group plc | 8,941 | 114 | ||||||
Ladbrokes plc | 156,230 | 311 | ||||||
Mitchells & Butlers plc * | 22,322 | 86 | ||||||
Punch Taverns plc * | 214,833 | 292 | ||||||
Rank Group plc * | 34,897 | 51 | ||||||
Thomas Cook Group plc | 26,071 | 87 | ||||||
Tui Travel plc | 27,974 | 107 | ||||||
Whitbread plc | 5,317 | 111 | ||||||
William Hill plc | 11,476 | 31 | ||||||
2,071 | ||||||||
Diversified Financials 0.4% | ||||||||
3i Group plc | 76,473 | 329 | ||||||
Henderson Group plc | 29,046 | 61 | ||||||
HSBC Infrastructure Co., Ltd. | 80,151 | 150 | ||||||
ICAP plc | 7,830 | 52 | ||||||
Investec plc | 23,627 | 169 | ||||||
London Stock Exchange Group plc | 4,573 | 64 | ||||||
Man Group plc | 36,228 | 183 | ||||||
Schroders plc | 2,638 | 47 | ||||||
1,055 | ||||||||
Energy 3.5% | ||||||||
AMEC plc | 4,784 | 63 | ||||||
BG Group plc | 16,670 | 287 | ||||||
BP plc | 401,417 | 3,761 | ||||||
Royal Dutch Shell plc, B Share | 69,086 | 1,989 | ||||||
Royal Dutch Shell plc, Class A | 90,205 | 2,663 | ||||||
8,763 | ||||||||
Food & Staples Retailing 0.5% | ||||||||
J Sainsbury plc | 47,109 | 254 | ||||||
Tesco plc | 122,216 | 815 | ||||||
William Morrison Supermarkets plc | 40,709 | 187 | ||||||
1,256 | ||||||||
Food, Beverage & Tobacco 1.3% | ||||||||
Associated British Foods plc | 7,179 | 97 | ||||||
British American Tobacco plc | 19,973 | 637 | ||||||
Cadbury plc | 23,031 | 291 | ||||||
Diageo plc | 27,052 | 441 | ||||||
Imperial Tobacco Group plc | 9,848 | 290 | ||||||
Premier Foods plc * | 231,781 | 136 | ||||||
SABMiller plc | 15,389 | 403 | ||||||
Tate & Lyle plc | 14,942 | 110 | ||||||
Unilever plc | 33,340 | 996 | ||||||
3,401 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Smith & Nephew plc | 6,641 | 59 | ||||||
Household & Personal Products 0.1% | ||||||||
Reckitt Benckiser Group plc | 3,530 | 175 | ||||||
Insurance 1.5% | ||||||||
Amlin plc | 6,027 | 35 | ||||||
Aviva plc | 149,515 | 935 | ||||||
Friends Provident Group plc | 91,862 | 122 | ||||||
Legal & General Group plc | 486,265 | 624 | ||||||
Old Mutual plc | 411,688 | 715 | ||||||
Prudential plc | 95,532 | 868 | ||||||
RSA Insurance Group plc | 54,675 | 108 | ||||||
Standard Life plc | 70,194 | 250 | ||||||
3,657 | ||||||||
Materials 2.3% | ||||||||
Anglo American plc * | 29,839 | 1,080 | ||||||
Antofagasta plc | 6,218 | 78 | ||||||
BHP Billiton plc | 52,880 | 1,425 | ||||||
Eurasian Natural Resources Corp. | 5,688 | 77 | ||||||
Johnson Matthey plc | 4,969 | 115 | ||||||
Kazakhmys plc * | 10,273 | 183 | ||||||
Lonmin plc * | 1,794 | 43 | ||||||
Mondi plc | 45,540 | 251 | ||||||
Rexam plc * | 23,050 | 104 | ||||||
Rio Tinto plc | 27,061 | 1,196 | ||||||
Vedanta Resources plc | 6,735 | 231 | ||||||
Xstrata plc * | 69,987 | 1,008 | ||||||
5,791 | ||||||||
Media 0.4% | ||||||||
Aegis Group plc | 29,172 | 52 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
British Sky Broadcasting Group plc | 13,537 | 118 | ||||||
Daily Mail & General Trust plc, Class A | 8,208 | 53 | ||||||
ITV plc | 221,547 | 155 | ||||||
Pearson plc | 11,489 | 156 | ||||||
Reed Elsevier plc | 5,589 | 42 | ||||||
Trinity Mirror plc * | 76,032 | 200 | ||||||
United Business Media Ltd. | 7,217 | 55 | ||||||
Yell Group plc * | 217,731 | 183 | ||||||
1,014 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
AstraZeneca plc | 17,383 | 781 | ||||||
GlaxoSmithKline plc | 61,732 | 1,266 | ||||||
Shire plc | 3,223 | 57 | ||||||
2,104 | ||||||||
Real Estate 0.5% | ||||||||
British Land Co. plc | 27,672 | 214 | ||||||
Hammerson plc | 7,551 | 50 | ||||||
Land Securities Group plc | 37,638 | 407 | ||||||
Liberty International plc | 24,875 | 184 | ||||||
Segro plc | 75,403 | 434 | ||||||
1,289 | ||||||||
Retailing 0.7% | ||||||||
DSG International plc * | 642,703 | 322 | ||||||
Home Retail Group plc | 35,665 | 170 | ||||||
Inchcape plc * | 827,427 | 397 | ||||||
Kesa Electricals plc | 27,121 | 59 | ||||||
Kingfisher plc | 122,805 | 449 | ||||||
Marks & Spencer Group plc | 42,613 | 238 | ||||||
Next plc | 3,000 | 88 | ||||||
The Carphone Warehouse Group plc | 10,303 | 31 | ||||||
1,754 | ||||||||
Software & Services 0.1% | ||||||||
Logica plc | 45,672 | 86 | ||||||
The Sage Group plc | 16,299 | 57 | ||||||
143 | ||||||||
Telecommunication Services 1.3% | ||||||||
BT Group plc | 418,074 | 896 | ||||||
Cable & Wireless plc | 33,729 | 80 | ||||||
Vodafone Group plc | 1,085,655 | 2,393 | ||||||
3,369 | ||||||||
Transportation 0.1% | ||||||||
British Airways plc * | 34,942 | 104 | ||||||
EasyJet plc * | 6,120 | 36 | ||||||
FirstGroup plc | 12,394 | 76 | ||||||
216 | ||||||||
Utilities 0.5% | ||||||||
Centrica plc | 64,660 | 263 | ||||||
Drax Group plc | 10,281 | 78 | ||||||
International Power plc | 15,475 | 64 | ||||||
National Grid plc | 39,711 | 394 | ||||||
Scottish & Southern Energy plc | 13,045 | 230 | ||||||
Severn Trent plc | 4,110 | 64 | ||||||
United Utilities Group plc | 19,661 | 142 | ||||||
1,235 | ||||||||
53,661 | ||||||||
United States 0.0% | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Synthes, Inc. | 166 | 20 | ||||||
Total Common Stock (Cost $256,244) | 249,719 | |||||||
Other Investment Companies 0.3% of net assets | ||||||||
Australia 0.1% | ||||||||
Australian Infrastructure Fund | 130,115 | 205 | ||||||
United States 0.2% | ||||||||
iShares MSCI EAFE Index Fund | 10,000 | 533 | ||||||
Total Other Investment Companies (Cost $681) | 738 | |||||||
Preferred Stock 0.6% of net assets | ||||||||
Germany 0.5% | ||||||||
Automobiles & Components 0.3% | ||||||||
Porsche Automobil Holding SE | 4,994 | 382 | ||||||
Volkswagen AG | 4,072 | 405 | ||||||
787 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Fresenius SE | 1,716 | 100 | ||||||
Household & Personal Products 0.1% | ||||||||
Henkel KGaA | 3,294 | 150 | ||||||
Media 0.1% | ||||||||
Prosiebensat.1 Media AG | 21,600 | 225 | ||||||
1,262 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Italy 0.1% | ||||||||
Diversified Financials 0.1% | ||||||||
Istituto Finanziario Industriale S.p.A. | 13,450 | 150 | ||||||
Insurance 0.0% | ||||||||
Unipol Gruppo Finanziario S.p.A. * | 81,162 | 77 | ||||||
227 | ||||||||
Total Preferred Stock (Cost $1,918) | 1,489 | |||||||
Rights 0.1% of net assets | ||||||||
Australia 0.1% | ||||||||
Macquarie Media Group Ltd. (a)* | 486,219 | 132 | ||||||
MAP Group * | 25,895 | 13 | ||||||
145 | ||||||||
Belgium 0.0% | ||||||||
Fortis (a)(b)* | 25,402 | — | ||||||
Germany 0.0% | ||||||||
TUI AG (a)* | 24,476 | — | ||||||
United Kingdom 0.0% | ||||||||
Barratt Developments plc * | 79,601 | 44 | ||||||
Total Rights (Cost $73) | 189 | |||||||
Warrants 0.0% of net assets | ||||||||
Italy 0.0% | ||||||||
Mediobanca Spa * | 8,339 | — | ||||||
Unione di Banche Italiane SCPA * | 16,309 | 2 | ||||||
Total Warrants (Cost $2) | 2 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.6% of net assets | ||||||||
Wells Fargo, San Francisco Time Deposit 0.03%, 11/02/09 | 1,411 | 1,411 | ||||||
Total Short-Term Investment (Cost $1,411) | 1,411 | |||||||
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(b) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. | |
CDI – CHESS Depositary Interest | ||
CVA – Dutch Certificate | ||
FDR – Fiduciary Depositary Receipt | ||
Reg’d – Registered | ||
REIT – Real Estate Investment Trust |
This section shows all the securities in the fund’s portfolio and their value as of the report date.
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99.3 | % | Common Stock | 41,590 | 46,260 | ||||||||
0.4 | % | Preferred Stock | 178 | 209 | ||||||||
0.1 | % | Rights | 8 | 39 | ||||||||
— | % | Warrants | — | — | ||||||||
0.3 | % | Short-Term Investment | 149 | 149 | ||||||||
100.1 | % | Total Investments | 41,925 | 46,657 | ||||||||
(0.1 | )% | Other Assets and Liabilities, Net | (48 | ) | ||||||||
100.0 | % | Total Net Assets | 46,609 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 99.3% of net assets | ||||||||
Australia 10.4% | ||||||||
Banks 0.4% | ||||||||
Bank of Queensland Ltd. | 7,050 | 77 | ||||||
Bendigo & Adelaide Bank Ltd. | 11,833 | 96 | ||||||
173 | ||||||||
Capital Goods 1.3% | ||||||||
Alesco Corp., Ltd. | 22,166 | 99 | ||||||
Boart Longyear Group * | 810,127 | 195 | ||||||
Crane Group Ltd. | 5,514 | 44 | ||||||
CSR Ltd. | 67,381 | 115 | ||||||
Emeco Holdings Ltd. | 62,776 | 49 | ||||||
GWA International Ltd. | 10,701 | 27 | ||||||
Hills Industries Ltd. | 17,572 | 32 | ||||||
United Group Ltd. | 5,358 | 65 | ||||||
626 | ||||||||
Commercial & Professional Supplies 0.7% | ||||||||
Corporate Express Australia Ltd. | 3,523 | 13 | ||||||
Downer EDI Ltd. | 12,437 | 95 |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99.3 | % | Common Stock | 41,590 | 46,260 | ||||||||
0.4 | % | Preferred Stock | 178 | 209 | ||||||||
0.1 | % | Rights | 8 | 39 | ||||||||
— | % | Warrants | — | — | ||||||||
0.3 | % | Short-Term Investment | 149 | 149 | ||||||||
100.1 | % | Total Investments | 41,925 | 46,657 | ||||||||
(0.1) | % | Other Assets and Liabilities, Net | (48 | ) | ||||||||
100.0 | % | Total Net Assets | 46,609 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 99.3% of net assets | ||||||||
Australia 10.4% | ||||||||
Banks 0.4% | ||||||||
Bank of Queensland Ltd. | 7,050 | 77 | ||||||
Bendigo & Adelaide Bank Ltd. | 11,833 | 96 | ||||||
173 | ||||||||
Capital Goods 1.3% | ||||||||
Alesco Corp., Ltd. | 22,166 | 99 | ||||||
Boart Longyear Group * | 810,127 | 195 | ||||||
Crane Group Ltd. | 5,514 | 44 | ||||||
CSR Ltd. | 67,381 | 115 | ||||||
Emeco Holdings Ltd. | 62,776 | 49 | ||||||
GWA International Ltd. | 10,701 | 27 | ||||||
Hills Industries Ltd. | 17,572 | 32 | ||||||
United Group Ltd. | 5,358 | 65 | ||||||
626 | ||||||||
Commercial & Professional Supplies 0.7% | ||||||||
Corporate Express Australia Ltd. | 3,523 | 13 | ||||||
Downer EDI Ltd. | 12,437 | 95 | ||||||
PMP Ltd. * | 58,203 | 31 | ||||||
Spotless Group Ltd. | 22,032 | 49 | ||||||
Transfield Services Ltd. | 16,667 | 63 | ||||||
Transpacific Industries Group Ltd. * | 38,803 | 52 | ||||||
303 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Billabong International Ltd. | 5,382 | 50 | ||||||
Consumer Services 0.3% | ||||||||
A.B.C. Learning Centres Ltd. (a)* | 9,091 | — | ||||||
Aristocrat Leisure Ltd. | 11,470 | 46 |
See financial notes. 1
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Flight Centre Ltd. | 5,737 | 86 | ||||||
132 | ||||||||
Diversified Financials 0.7% | ||||||||
ASX Ltd. | 2,948 | 89 | ||||||
Challenger Financial Services Group Ltd. | 27,343 | 90 | ||||||
IOOF Holdings Ltd. | 10,622 | 50 | ||||||
Perpetual Ltd. | 1,421 | 47 | ||||||
Platinum Asset Management Ltd. | 5,796 | 29 | ||||||
305 | ||||||||
Energy 0.4% | ||||||||
Australian Worldwide Exploration Ltd. | 6,692 | 15 | ||||||
Beach Petroleum Ltd. | 17,470 | 12 | ||||||
Centennial Coal Co., Ltd. | 14,142 | 40 | ||||||
New Hope Corp., Ltd. | 2,439 | 9 | ||||||
Paladin Energy Ltd. * | 8,884 | 32 | ||||||
WorleyParsons Ltd. | 3,575 | 83 | ||||||
191 | ||||||||
Food & Staples Retailing 0.3% | ||||||||
AWB Ltd. | 120,982 | 132 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Elders Ltd. * | 164,589 | 27 | ||||||
Goodman Fielder Ltd. | 58,378 | 84 | ||||||
111 | ||||||||
Health Care Equipment & Services 0.6% | ||||||||
Ansell Ltd. | 2,872 | 27 | ||||||
Australian Pharmaceutical Industries Ltd. | 44,282 | 29 | ||||||
Cochlear Ltd. | 421 | 24 | ||||||
Healthscope Ltd. | 6,607 | 28 | ||||||
Primary Health Care Ltd. | 9,782 | 53 | ||||||
Ramsay Health Care Ltd. | 2,645 | 25 | ||||||
Sigma Pharmaceuticals Ltd. | 42,570 | 36 | ||||||
Sonic Healthcare Ltd. | 5,436 | 68 | ||||||
290 | ||||||||
Materials 1.3% | ||||||||
Adelaide Brighton Ltd. | 13,191 | 33 | ||||||
Alumina Ltd. * | 101,222 | 149 | ||||||
Gunns Ltd. | 44,618 | 40 | ||||||
Iluka Resources Ltd. * | 7,151 | 22 | ||||||
Macarthur Coal Ltd. | 7,393 | 56 | ||||||
Minara Resources Ltd. * | 97,596 | 75 | ||||||
Mount Gibson Iron Ltd. * | 34,924 | 37 | ||||||
Newcrest Mining Ltd. | 2,427 | 70 | ||||||
OZ Minerals Ltd. * | 73,657 | 77 | ||||||
Straits Resources Ltd. | 21,944 | 31 | ||||||
590 | ||||||||
Media 0.2% | ||||||||
APN News & Media Ltd. | 15,368 | 31 | ||||||
Seven Network Ltd. | 5,151 | 30 | ||||||
Ten Network Holdings Ltd. | 23,855 | 32 | ||||||
West Australian Newspapers Holdings Ltd. | 3,275 | 22 | ||||||
115 | ||||||||
Real Estate 2.5% | ||||||||
Abacus Property Group | 96,273 | 37 | ||||||
Australand Property Group | 186,115 | 88 | ||||||
Centro Retail Group | 1,074,587 | 155 | ||||||
Commonwealth Property Office Fund | 57,294 | 45 | ||||||
ING Industrial Fund | 657,016 | 297 | ||||||
ING Office Fund | 199,704 | 105 | ||||||
Macquarie CountryWide Trust | 514,884 | 285 | ||||||
Macquarie Office Trust | 512,182 | 143 | ||||||
Sunland Group Ltd. | 30,734 | 20 | ||||||
1,175 | ||||||||
Retailing 1.2% | ||||||||
David Jones Ltd. | 17,013 | 80 | ||||||
Harvey Norman Holdings Ltd. | 20,250 | 72 | ||||||
Pacific Brands Ltd. * | 359,888 | 419 | ||||||
571 | ||||||||
Software & Services 0.1% | ||||||||
Computershare Ltd. | 6,167 | 60 | ||||||
Utilities 0.1% | ||||||||
Envestra Ltd. | 71,014 | 34 | ||||||
4,858 | ||||||||
Austria 1.2% | ||||||||
Automobiles & Components 0.0% | ||||||||
Semperit AG Holding | 485 | 17 | ||||||
Capital Goods 0.2% | ||||||||
A-TEC Industries AG * | 1,165 | 18 | ||||||
Andritz AG | 695 | 38 | ||||||
Palfinger AG | 474 | 11 | ||||||
Zumtobel AG * | 1,082 | 19 | ||||||
86 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Agrana Beteiligungs AG | 134 | 13 | ||||||
Materials 0.1% | ||||||||
Mayr-Melnhof Karton AG | 180 | 17 | ||||||
RHI AG * | 1,228 | 34 | ||||||
51 |
2 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Real Estate 0.8% | ||||||||
Atrium European Real Estate Ltd. * | 26,626 | 174 | ||||||
CA Immobilien Anlagen AG * | 8,436 | 125 | ||||||
Conwert Immobilien Invest SE * | 4,630 | 56 | ||||||
355 | ||||||||
Transportation 0.1% | ||||||||
Flughafen Wien AG | 380 | 19 | ||||||
Utilities 0.0% | ||||||||
EVN AG | 682 | 13 | ||||||
554 | ||||||||
Belgium 1.3% | ||||||||
Capital Goods 0.2% | ||||||||
Bekaert N.V. | 675 | 87 | ||||||
Compagnie d’Enterprises CFE | 486 | 28 | ||||||
115 | ||||||||
Diversified Financials 0.2% | ||||||||
Ackermans & van Haaren N.V. | 211 | 15 | ||||||
GIMV N.V. | 266 | 15 | ||||||
RHJ International * | 11,187 | 82 | ||||||
112 | ||||||||
Energy 0.0% | ||||||||
Euronav S.A. | 737 | 14 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Omega Pharma S.A. | 527 | 26 | ||||||
Materials 0.4% | ||||||||
Nyrstar * | 12,281 | 143 | ||||||
Recticel S.A. | 1,682 | 13 | ||||||
Tessenderlo Chemie N.V. | 897 | 33 | ||||||
189 | ||||||||
Real Estate 0.1% | ||||||||
Cofinimmo | 258 | 37 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Barco N.V. * | 732 | 29 | ||||||
Telecommunication Services 0.1% | ||||||||
Telenet Group Holding N.V. * | 1,068 | 28 | ||||||
Transportation 0.1% | ||||||||
Compagnie Maritime Belge S.A. | 1,019 | 31 | ||||||
Utilities 0.0% | ||||||||
Elia System Operator SA/NV | 432 | 17 | ||||||
598 | ||||||||
Canada 8.3% | ||||||||
Automobiles & Components 0.4% | ||||||||
Linamar Corp. | 9,033 | 126 | ||||||
Martinrea International, Inc. * | 9,178 | 61 | ||||||
187 | ||||||||
Banks 0.2% | ||||||||
Canadian Western Bank | 1,421 | 28 | ||||||
Laurentian Bank of Canada | 1,163 | 43 | ||||||
71 | ||||||||
Capital Goods 0.4% | ||||||||
CAE, Inc. | 3,699 | 29 | ||||||
Russel Metals, Inc. | 2,803 | 41 | ||||||
SNC-Lavalin Group, Inc. | 1,517 | 61 | ||||||
Toromont Industries Ltd. | 1,216 | 28 | ||||||
159 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Transcontinental, Inc., Class A | 5,237 | 63 | ||||||
Consumer Durables & Apparel 0.2% | ||||||||
Dorel Industries, Inc., Class B | 1,510 | 41 | ||||||
Gildan Activewear, Inc. * | 2,502 | 44 | ||||||
85 | ||||||||
Diversified Financials 0.4% | ||||||||
AGF Management Ltd., Class B | 4,072 | 60 | ||||||
Dundee Corp., Class A * | 6,487 | 67 | ||||||
DundeeWealth, Inc. | 2,136 | 25 | ||||||
TMX Group, Inc. | 926 | 25 | ||||||
177 | ||||||||
Energy 1.1% | ||||||||
Cameco Corp. | 3,343 | 93 | ||||||
Compton Petroleum Corp. * | 32,896 | 34 | ||||||
Daylight Resources Trust | 2,413 | 19 | ||||||
Ensign Energy Services, Inc. | 3,146 | 45 | ||||||
Fairborne Energy Ltd. * | 6,362 | 26 | ||||||
Flint Energy Services Ltd. * | 3,228 | 35 | ||||||
OPTI Canada, Inc. * | 30,027 | 53 | ||||||
Paramount Resources Ltd., Class A * | 1,276 | 16 | ||||||
ShawCor Ltd., Class A | 922 | 24 | ||||||
Trican Well Service Ltd. | 2,441 | 29 | ||||||
Trinidad Drilling Ltd. | 9,651 | 63 | ||||||
Uranium One, Inc. * | 23,600 | 67 | ||||||
504 | ||||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Maple Leaf Foods, Inc. | 6,214 | 64 | ||||||
Saputo, Inc. | 1,390 | 33 |
See financial notes. 3
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Viterra, Inc. * | 9,422 | 90 | ||||||
187 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
CML Healthcare Income Fund | 1,462 | 18 | ||||||
Insurance 0.2% | ||||||||
Industrial Alliance Insurance & Financial Services, Inc. | 2,428 | 63 | ||||||
Kingsway Financial Services, Inc. | 11,908 | 45 | ||||||
108 | ||||||||
Materials 3.1% | ||||||||
Agnico-Eagle Mines Ltd. | 473 | 25 | ||||||
Canfor Corp. * | 5,798 | 32 | ||||||
Cascades, Inc. | 15,545 | 101 | ||||||
CCL Industries, Inc., Class B | 1,627 | 34 | ||||||
Centerra Gold, Inc. * | 2,280 | 17 | ||||||
First Quantum Minerals Ltd. | 1,331 | 91 | ||||||
Franco-Nevada Corp. | 797 | 20 | ||||||
Harry Winston Diamond Corp. | 6,345 | 52 | ||||||
HudBay Minerals, Inc. * | 5,896 | 76 | ||||||
IAMGOLD Corp. | 2,665 | 35 | ||||||
Inmet Mining Corp. | 1,096 | 58 | ||||||
Lundin Mining Corp. * | 88,509 | 356 | ||||||
Methanex Corp. | 6,189 | 107 | ||||||
Norbord, Inc. | 2,595 | 36 | ||||||
Quadra Mining Ltd. * | 6,165 | 86 | ||||||
Sherritt International Corp. | 24,390 | 156 | ||||||
Silver Wheaton Corp. * | 1,474 | 18 | ||||||
Sino-Forest Corp. * | 5,092 | 72 | ||||||
Thompson Creek Metals Co., Inc. * | 5,117 | 52 | ||||||
West Fraser Timber Co., Ltd. | 1,323 | 32 | ||||||
1,456 | ||||||||
Media 0.3% | ||||||||
Astral Media, Inc. | 1,052 | 31 | ||||||
Cogeco Cable, Inc. | 853 | 24 | ||||||
Corus Entertainment, Inc., Class B * | 583 | 10 | ||||||
Groupe Aeroplan, Inc. | 4,994 | 43 | ||||||
Torstar Corp., Class B | 5,906 | 42 | ||||||
150 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
MDS, Inc. * | 2,803 | 22 | ||||||
Real Estate 0.7% | ||||||||
Boardwalk Real Estate Investment Trust | 670 | 23 | ||||||
Calloway Real Estate Investment Trust | 2,970 | 48 | ||||||
Canadian Apartment Properties Real Estate Investment Trust | 975 | 12 | ||||||
Canadian Real Estate Investment Trust | 1,132 | 27 | ||||||
Chartwell Seniors Housing Real Estate Investment Trust | 4,108 | 23 | ||||||
Cominar Real Estate Investment Trust | 992 | 17 | ||||||
Dundee Real Estate Investment Trust | 1,318 | 23 | ||||||
Extendicare Real Estate Investment Trust * | 4,777 | 34 | ||||||
First Capital Realty, Inc. | 1 | 16 | ||||||
FirstService Corp. * | 496 | 9 | ||||||
H&R Real Estate Investment Trust | 5,431 | 66 | ||||||
InnVest Real Estate Investment Trust | 6,023 | 25 | ||||||
Primaris Retail Real Estate Investment Trust | 1,192 | 17 | ||||||
340 | ||||||||
Retailing 0.2% | ||||||||
Reitmans (Canada) Ltd., Class A | 1,925 | 29 | ||||||
RONA, Inc. * | 5,235 | 72 | ||||||
101 | ||||||||
Software & Services 0.1% | ||||||||
MacDonald, Dettwiler & Associates Ltd. * | 832 | 28 | ||||||
Open Text Corp. * | 523 | 20 | ||||||
48 | ||||||||
Transportation 0.1% | ||||||||
Transat A.T., Inc., Class B | 3,446 | 46 | ||||||
Utilities 0.3% | ||||||||
Emera, Inc. | 2,340 | 47 | ||||||
Fortis, Inc. | 3,193 | 75 | ||||||
122 | ||||||||
3,844 | ||||||||
China 0.2% | ||||||||
Capital Goods 0.1% | ||||||||
Beijing Enterprises Holdings Ltd. | 7,000 | 42 | ||||||
CITIC Resources Holdings Ltd. * | 33,000 | 9 | ||||||
51 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
China Yurun Food Group Ltd. | 6,000 | 12 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Digital China Holdings Ltd. | 37,700 | 39 | ||||||
102 |
4 See financial notes.
x
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Cyprus 0.1% | ||||||||
Energy 0.1% | ||||||||
Prosafe SE | 10,184 | 53 | ||||||
Denmark 1.6% | ||||||||
Banks 0.3% | ||||||||
Jyske Bank A/S — Reg’d * | 2,375 | 88 | ||||||
Sydbank A/S * | 2,402 | 59 | ||||||
147 | ||||||||
Capital Goods 0.3% | ||||||||
FLSmidth & Co. A/S | 1,246 | 66 | ||||||
NKT Holding A/S * | 792 | 45 | ||||||
Rockwool International A/S, B Shares | 286 | 24 | ||||||
Schouw & Co. A/S | 631 | 12 | ||||||
147 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Bang & Olufsen A/S, B Shares * | 2,317 | 36 | ||||||
Energy 0.1% | ||||||||
Torm A/S | 2,613 | 28 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
East Asiatic Co., Ltd. | 1,633 | 59 | ||||||
Health Care Equipment & Services 0.2% | ||||||||
Coloplast A/S, Class B | 188 | 15 | ||||||
GN Store Nord A/S * | 7,482 | 42 | ||||||
William Demant Holdings A/S * | 154 | 11 | ||||||
68 | ||||||||
Insurance 0.1% | ||||||||
Alm. Brand A/S * | 777 | 19 | ||||||
Topdanmark A/S * | 299 | 43 | ||||||
62 | ||||||||
Materials 0.1% | ||||||||
Auriga Industries A/S, Class B | 888 | 15 | ||||||
Novozymes A/S, Class B | 372 | 34 | ||||||
49 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Alk-Abello A/S | 476 | 41 | ||||||
H. Lundbeck A/S | 519 | 10 | ||||||
51 | ||||||||
Transportation 0.2% | ||||||||
D/S Norden A/S | 343 | 13 | ||||||
DSV A/S * | 5,005 | 78 | ||||||
91 | ||||||||
738 | ||||||||
Finland 1.7% | ||||||||
Automobiles & Components 0.2% | ||||||||
Nokian Renkaat Oyj | 3,326 | 71 | ||||||
Capital Goods 0.5% | ||||||||
Cargotec Corp., B Shares | 3,596 | 77 | ||||||
KCI Konecranes Oyj | 1,285 | 34 | ||||||
Lemminkainen Oyj | 426 | 16 | ||||||
Outotec Oyj | 1,450 | 46 | ||||||
Ramirent Oyj * | 2,495 | 25 | ||||||
Uponor Oyj | 3,121 | 57 | ||||||
255 | ||||||||
Commercial & Professional Supplies 0.0% | ||||||||
Poyry Oyj | 903 | 13 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Amer Sports Oyj, A Shares | 5,957 | 52 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
HKScan Oyj | 1,987 | 26 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Oriola-KD Oyj, Class B | 7,276 | 38 | ||||||
Materials 0.3% | ||||||||
Huhtamaki Oyj | 5,022 | 68 | ||||||
Kemira Oyj | 3,580 | 57 | ||||||
125 | ||||||||
Media 0.0% | ||||||||
Alma Media Corp. | 2,234 | 22 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Orion Oyj, Class B | 1,787 | 34 | ||||||
Real Estate 0.1% | ||||||||
Citycon Oyj | 5,817 | 26 | ||||||
Sponda Oyj * | 10,449 | 37 | ||||||
63 | ||||||||
Retailing 0.1% | ||||||||
Stockmann Oyj Abp, B Shares | 1,385 | 36 | ||||||
Software & Services 0.1% | ||||||||
Tieto Oyj | 2,790 | 56 | ||||||
Transportation 0.0% | ||||||||
Finnair Oyj * | 2,631 | 15 | ||||||
806 |
See financial notes. 5
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
France 3.0% | ||||||||
Automobiles & Components 0.1% | ||||||||
Plastic Omnium S.A. | 2,143 | 61 | ||||||
Capital Goods 0.3% | ||||||||
Carbone Lorraine S.A. | 932 | 32 | ||||||
IMS International Metal Service * | 1,027 | 17 | ||||||
Lisi | 172 | 8 | ||||||
Manitou BF * | 1,325 | 19 | ||||||
Saft Groupe S.A. | 495 | 26 | ||||||
Zodiac Aerospace | 827 | 28 | ||||||
130 | ||||||||
Commercial & Professional Supplies 0.3% | ||||||||
Bureau Veritas S.A. | 521 | 29 | ||||||
Derichebourg S.A. | 8,533 | 42 | ||||||
Societe BIC S.A. | 611 | 42 | ||||||
Sperian Protection | 192 | 14 | ||||||
Teleperformance | 964 | 31 | ||||||
158 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Beneteau | 869 | 14 | ||||||
Kaufman & Broad S.A. * | 1,365 | 33 | ||||||
SEB S.A. | 896 | 50 | ||||||
97 | ||||||||
Consumer Services 0.1% | ||||||||
Club Mediterranee S.A. * | 872 | 18 | ||||||
Euro Disney S.C.A. — Reg’d * | 2,881 | 23 | ||||||
Pierre & Vacances | 152 | 12 | ||||||
53 | ||||||||
Diversified Financials 0.1% | ||||||||
Boursorama * | 1,004 | 12 | ||||||
Financiere Marc de Lacharriere S.A. | 165 | 9 | ||||||
21 | ||||||||
Energy 0.2% | ||||||||
Bourbon S.A. | 1,025 | 43 | ||||||
Etablissements Maurel et Prom | 2,440 | 49 | ||||||
92 | ||||||||
Food & Staples Retailing 0.0% | ||||||||
Guyenne et Gascogne S.A. | 139 | 14 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Bonduelle S.C.A. | 112 | 13 | ||||||
Bongrain S.A. * | 283 | 21 | ||||||
Remy Cointreau S.A. | 473 | 23 | ||||||
Vilmorin & Cie | 93 | 10 | ||||||
67 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
bioMerieux | 132 | 14 | ||||||
Orpea | 172 | 8 | ||||||
22 | ||||||||
Insurance 0.0% | ||||||||
April Group | 393 | 15 | ||||||
Media 0.3% | ||||||||
Canal Plus | 2,262 | 18 | ||||||
Havas S.A. | 17,260 | 66 | ||||||
Ipsos | 522 | 16 | ||||||
NRJ Group * | 1,139 | 11 | ||||||
Spir Communication * | 360 | 10 | ||||||
121 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Ipsen S.A. | 197 | 10 | ||||||
Real Estate 0.1% | ||||||||
Mercialys | 512 | 21 | ||||||
Societe Immobilliere de Location pour l’Industrie et le Commerce | 154 | 19 | ||||||
40 | ||||||||
Retailing 0.1% | ||||||||
Etam Development S.A. * | 1,299 | 28 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Silicon-On-Insulator Technologies * | 3,856 | 53 | ||||||
Software & Services 0.3% | ||||||||
Alten * | 686 | 17 | ||||||
Altran Technologies S.A. * | 6,414 | 31 | ||||||
Dassault Systemes S.A. | 601 | 34 | ||||||
Groupe Steria S.C.A. | 1,199 | 36 | ||||||
Sopra Group | 151 | 11 | ||||||
UbiSoft Entertainment S.A. * | 1,448 | 23 | ||||||
152 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Bull S.A. * | 7,238 | 30 | ||||||
Neopost S.A. | 469 | 41 | ||||||
71 | ||||||||
Telecommunication Services 0.0% | ||||||||
Iliad S.A. | 132 | 14 | ||||||
Transportation 0.3% | ||||||||
Groupe Eurotunnel S.A. — Reg’d | 13,836 | 137 | ||||||
Utilities 0.1% | ||||||||
EDF Energies Nouvelles S.A. | 269 | 14 |
6 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Rubis | 258 | 24 | ||||||
38 | ||||||||
1,394 | ||||||||
Germany 3.5% | ||||||||
Automobiles & Components 0.2% | ||||||||
ElringKlinger AG | 1,472 | 29 | ||||||
Leoni AG | 2,809 | 58 | ||||||
87 | ||||||||
Banks 0.3% | ||||||||
Aareal Bank AG * | 6,382 | 138 | ||||||
comdirect bank AG | 1,006 | 9 | ||||||
147 | ||||||||
Capital Goods 0.8% | ||||||||
Bauer AG | 316 | 13 | ||||||
Demag Cranes AG | 646 | 22 | ||||||
Deutz AG * | 9,419 | 44 | ||||||
Duerr AG | 605 | 13 | ||||||
Gildemeister AG | 2,734 | 38 | ||||||
Indus Holding AG | 503 | 9 | ||||||
Koenig & Bauer AG * | 1,366 | 23 | ||||||
Krones AG | 447 | 22 | ||||||
KUKA AG * | 1,475 | 22 | ||||||
MTU Aero Engines Holding AG | 1,068 | 49 | ||||||
Pfleiderer AG * | 1,997 | 20 | ||||||
Q-Cells SE * | 1,014 | 17 | ||||||
SGL Carbon SE * | 1,225 | 46 | ||||||
Solarworld AG | 531 | 12 | ||||||
Vossloh AG | 162 | 16 | ||||||
�� | ||||||||
366 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
GfK SE | 458 | 15 | ||||||
INTERSEROH SE | 131 | 9 | ||||||
24 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Puma AG Rudolf Dassler Sport | 110 | 34 | ||||||
Rational AG | 56 | 8 | ||||||
42 | ||||||||
Diversified Financials 0.0% | ||||||||
MLP AG | 1,324 | 14 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
KWS Saat AG | 88 | 15 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Carl Zeiss Meditec AG | 685 | 10 | ||||||
Rhoen-klinikum AG | 1,087 | 27 | ||||||
37 | ||||||||
Materials 0.3% | ||||||||
Aurubis AG | 1,707 | 68 | ||||||
Fuchs Petrolub AG | 336 | 25 | ||||||
Symrise AG | 3,574 | 65 | ||||||
158 | ||||||||
Media 0.3% | ||||||||
Sky Deutschland AG * | 34,566 | 144 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
QIAGEN N.V. * | 1,718 | 35 | ||||||
Stada Arzneimittel AG | 1,778 | 48 | ||||||
83 | ||||||||
Real Estate 0.4% | ||||||||
Alstria Office REIT-AG | 1,145 | 13 | ||||||
Deutsche Euroshop AG | 691 | 24 | ||||||
Deutsche Wohnen AG * | 4,962 | 56 | ||||||
DIC Asset AG | 2,410 | 29 | ||||||
IVG Immobilien AG * | 6,397 | 57 | ||||||
179 | ||||||||
Retailing 0.3% | ||||||||
Fielmann AG | 200 | 15 | ||||||
Medion AG | 1,215 | 13 | ||||||
Praktiker Bau- und Heimwerkermaerkte Holding AG | 7,513 | 91 | ||||||
Takkt AG | 1,056 | 11 | ||||||
130 | ||||||||
Software & Services 0.1% | ||||||||
Bechtle AG | 532 | 12 | ||||||
Software AG | 165 | 15 | ||||||
United Internet AG — Reg’d * | 1,321 | 17 | ||||||
44 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Jenoptik AG * | 2,634 | 14 | ||||||
Wincor Nixdorf AG | 759 | 45 | ||||||
59 | ||||||||
Telecommunication Services 0.1% | ||||||||
Freenet AG * | 3,796 | 50 | ||||||
Transportation 0.1% | ||||||||
Hamburger Hafen und Logistik AG | 551 | 21 | ||||||
Sixt AG | 827 | 23 | ||||||
44 | ||||||||
Utilities 0.0% | ||||||||
MVV Energie AG | 292 | 13 | ||||||
1,636 |
See financial notes. 7
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Greece 0.8% | ||||||||
Banks 0.1% | ||||||||
Agricultural Bank of Greece * | 11,981 | 34 | ||||||
TT Hellenic Postbank S.A. * | 3,861 | 27 | ||||||
61 | ||||||||
Capital Goods 0.1% | ||||||||
Ellaktor S.A. | 2,830 | 24 | ||||||
Halcor S.A. * | 4,739 | 12 | ||||||
36 | ||||||||
Consumer Services 0.0% | ||||||||
Intralot S.A. Integrated Lottery | 3,425 | 22 | ||||||
Energy 0.1% | ||||||||
Motor Oil (Hellas) Corinth Refineries S.A. | 2,025 | 36 | ||||||
Materials 0.3% | ||||||||
Elval Aluminum Process Co. * | 2,777 | 8 | ||||||
Mytilineos Holdings S.A. | 3,529 | 31 | ||||||
Sidenor Steel Products Manufacturing Co., S.A. * | 2,594 | 22 | ||||||
Titan Cement Co. | 1,857 | 64 | ||||||
Viohalco, Hellenic Copper & Aluminum Industry S.A. | 5,178 | 36 | ||||||
161 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Alapis Holding Industrial & Commercial S.A. | 27,767 | 23 | ||||||
Real Estate 0.0% | ||||||||
Babis Vovos International Construction S.A. * | 796 | 6 | ||||||
Eurobank Properties Real Estate Investment Co. | 720 | 9 | ||||||
15 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Intracom Holdings S.A. — Reg’d * | 9,709 | 23 | ||||||
Utilities 0.0% | ||||||||
EYDAP Athens Water Supply & Sewage Co., S.A. | 828 | 7 | ||||||
384 | ||||||||
Hong Kong 5.9% | ||||||||
Automobiles & Components 0.1% | ||||||||
Brilliance China Automotive Holdings Ltd. * | 158,000 | 29 | ||||||
Denway Motors Ltd. | 70,000 | 34 | ||||||
63 | ||||||||
Banks 0.4% | ||||||||
Chong Hing Bank Ltd. | 5,000 | 10 | ||||||
Dah Sing Banking Group Ltd. * | 8,200 | 11 | ||||||
Dah Sing Financial Group * | 8,800 | 50 | ||||||
Fubon Bank (Hong Kong) Ltd. | 30,000 | 13 | ||||||
Industrial & Commercial Bank of China (Asia) Ltd. | 15,000 | 35 | ||||||
Wing Hang Bank Ltd. | 6,000 | 58 | ||||||
177 | ||||||||
Capital Goods 0.4% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd. | 5,000 | 10 | ||||||
Henderson Investment Ltd. | 242,000 | 19 | ||||||
HKC Holdings Ltd. * | 130,900 | 10 | ||||||
Johnson Electric Holdings Ltd. * | 86,500 | 38 | ||||||
Melco International Development Ltd. * | 24,000 | 13 | ||||||
Shanghai Industrial Holdings Ltd. | 11,000 | 52 | ||||||
Shui On Construction & Materials Ltd. | 17,000 | 26 | ||||||
Sinotruk Hong Kong Ltd. | 15,500 | 18 | ||||||
Tianjin Development Holdings Ltd. | 16,000 | 10 | ||||||
196 | ||||||||
Consumer Durables & Apparel 0.4% | ||||||||
Bosideng International Holdings Ltd. | 74,000 | 13 | ||||||
C C Land Holdings Ltd. | 36,000 | 20 | ||||||
China Dongxiang Group Co. | 15,000 | 9 | ||||||
Stella International Holdings Ltd. | 14,000 | 26 | ||||||
TCL Multimedia Technology Holdings Ltd. * | 69,000 | 54 | ||||||
Techtronic Industries Co., Ltd. | 78,500 | 63 | ||||||
Texwinca Holdings Ltd. | 16,000 | 14 | ||||||
199 | ||||||||
Consumer Services 0.2% | ||||||||
Cafe De Coral Holdings Ltd. | 4,000 | 9 | ||||||
China Travel International Investment Hong Kong Ltd. | 60,000 | 12 | ||||||
Galaxy Entertainment Group Ltd. * | 33,000 | 14 | ||||||
Mandarin Oriental International Ltd. | 9,000 | 11 | ||||||
The Hongkong & Shanghai Hotels Ltd. | 25,500 | 37 | ||||||
83 | ||||||||
Diversified Financials 0.2% | ||||||||
China Everbright Ltd. | 11,000 | 26 | ||||||
China Merchants China Direct Investments Ltd. * | 9,000 | 19 | ||||||
Public Financial Holdings Ltd. | 22,000 | 11 |
8 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Sun Hung Kai & Co., Ltd. | 17,000 | 13 | ||||||
69 | ||||||||
Energy 0.2% | ||||||||
CNPC Hong Kong Ltd. | 44,000 | 47 | ||||||
Mongolia Energy Co., Ltd. * | 19,000 | 8 | ||||||
Sinopec Kantons Holdings Ltd. | 30,000 | 11 | ||||||
Titan Petrochemicals Group Ltd. * | 300,000 | 8 | ||||||
74 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Chaoda Modern Agriculture (Holdings) Ltd. | 48,320 | 37 | ||||||
China Agri-Industries Holdings Ltd. | 23,000 | 22 | ||||||
China Foods Ltd. | 50,000 | 36 | ||||||
China Mengniu Dairy Co., Ltd. * | 9,000 | 25 | ||||||
First Pacific Co., Ltd. | 59,000 | 35 | ||||||
Global Bio-chem Technology Group Co., Ltd. | 78,000 | 19 | ||||||
Tingyi (Cayman Islands) Holding Corp. | 16,000 | 36 | ||||||
Uni-President China Holdings Ltd. | 22,000 | 14 | ||||||
Want Want China Holdings Ltd. | 26,000 | 15 | ||||||
239 | ||||||||
Household & Personal Products 0.1% | ||||||||
Hengan International Group Co., Ltd. | 6,000 | 39 | ||||||
Insurance 0.1% | ||||||||
China Insurance International Holdings Co., Ltd. * | 10,000 | 35 | ||||||
Materials 0.2% | ||||||||
Lee & Man Paper Manufacturing Ltd. | 9,000 | 18 | ||||||
Minmetals Resources Ltd. * | 21,100 | 6 | ||||||
Nine Dragons Paper Holdings Ltd. | 30,000 | 43 | ||||||
Samling Global Ltd. | 238,000 | 17 | ||||||
Shougang Concord International Enterprises Co., Ltd. | 63,000 | 11 | ||||||
Sinofert Holdings Ltd. | 17,000 | 8 | ||||||
103 | ||||||||
Media 0.1% | ||||||||
Television Broadcasts Ltd. | 9,000 | 43 | ||||||
Real Estate 1.7% | ||||||||
Agile Property Holdings Ltd. | 32,000 | 41 | ||||||
Champion Real Estate Investment Trust | 62,000 | 26 | ||||||
China Resources Land Ltd. | 9,000 | 22 | ||||||
Country Garden Holdings Co. | 38,000 | 15 | ||||||
Franshion Properties China Ltd. | 44,000 | 12 | ||||||
Great Eagle Holdings Ltd. | 16,000 | 42 | ||||||
Greentown China Holdings Ltd. | 26,500 | 38 | ||||||
Guangzhou Investment Co., Ltd. | 215,000 | 57 | ||||||
HKR International Ltd. * | 34,400 | 15 | ||||||
Hopewell Holdings Ltd. | 16,000 | 50 | ||||||
Hopson Development Holdings Ltd. | 37,000 | 65 | ||||||
Hysan Development Co., Ltd. | 23,000 | 68 | ||||||
K Wah International Holdings Ltd. | 39,000 | 13 | ||||||
Kowloon Development Co., Ltd. | 38,000 | 41 | ||||||
KWG Property Holding Ltd. | 44,500 | 32 | ||||||
New World China Land Ltd. | 71,200 | 28 | ||||||
Shenzhen Investment Ltd. | 67,000 | 26 | ||||||
Shimao Property Holdings Ltd. | 27,000 | 50 | ||||||
Shui On Land Ltd. | 53,400 | 32 | ||||||
Sino-Ocean Land Holdings Ltd. | 37,500 | 37 | ||||||
Sinolink Worldwide Holdings Ltd. | 215,000 | 41 | ||||||
Soho China Ltd. | 26,500 | 14 | ||||||
Tian An China Investments Co., Ltd. | 32,000 | 20 | ||||||
Tomson Group Ltd. | 32,000 | 15 | ||||||
Wheelock & Co., Ltd. | 3,000 | 10 | ||||||
810 | ||||||||
Retailing 0.3% | ||||||||
Belle International Holdings Ltd. | 14,000 | 14 | ||||||
Chow Sang Sang Holdings International Ltd. | 27,000 | 27 | ||||||
Giordano International Ltd. | 43,000 | 10 | ||||||
GOME Electrical Appliances Holdings Ltd. * | 195,000 | 57 | ||||||
Lifestyle International Holdings Ltd. | 11,000 | 18 | ||||||
126 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASM Pacific Technology Ltd. | 5,800 | 45 | ||||||
Software & Services 0.1% | ||||||||
Tencent Holdings Ltd. | 1,400 | 24 | ||||||
Technology Hardware & Equipment 0.6% | ||||||||
BYD Electronic International Co., Ltd. * | 22,000 | 21 | ||||||
Kingboard Chemical Holdings Ltd. | 22,000 | 89 | ||||||
Kingboard Laminates Holding Ltd. | 30,500 | 21 | ||||||
TPV Technology Ltd. | 136,000 | 89 | ||||||
Truly International Holdings Ltd. | 14,000 | 14 | ||||||
VTech Holdings Ltd. | 7,000 | 58 | ||||||
292 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Telecommunication Services 0.0% | ||||||||
SmarTone Telecommunications Holdings Ltd. | 11,000 | 8 | ||||||
Transportation 0.2% | ||||||||
Hong Kong Aircraft Engineering Co., Ltd. | 800 | 9 | ||||||
Hopewell Highway Infrastructure Ltd. | 21,900 | 13 | ||||||
Pacific Basin Shipping Ltd. | 47,000 | 35 | ||||||
Road King Infrastructure Ltd. | 22,000 | 18 | ||||||
Shenzhen International Holdings Ltd. | 165,000 | 11 | ||||||
Shun Tak Holdings Ltd. | 25,000 | 17 | ||||||
Sinotrans Shipping Ltd. | 28,000 | 13 | ||||||
116 | ||||||||
Utilities 0.0% | ||||||||
China Power International Development Ltd. * | 33,900 | 9 | ||||||
Guangdong Investment Ltd. | 22,000 | 12 | ||||||
21 | ||||||||
2,762 | ||||||||
Ireland 1.4% | ||||||||
Capital Goods 0.7% | ||||||||
DCC plc | 3,349 | 88 | ||||||
Grafton Group plc * | 27,980 | 140 | ||||||
Kingspan Group plc * | 8,849 | 75 | ||||||
303 | ||||||||
Consumer Services 0.1% | ||||||||
Paddy Power plc | 927 | 30 | ||||||
Food & Staples Retailing 0.2% | ||||||||
Fyffes plc | 63,427 | 35 | ||||||
Total Produce plc | 69,402 | 35 | ||||||
70 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
C&C Group plc | 23,718 | 87 | ||||||
Glanbia plc | 3,012 | 12 | ||||||
Greencore Group plc | 20,283 | 46 | ||||||
145 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
United Drug plc | 9,466 | 31 | ||||||
Insurance 0.0% | ||||||||
FBD Holdings plc | 2,326 | 23 | ||||||
Media 0.0% | ||||||||
Independent News & Media plc * | 76,564 | 23 | ||||||
Transportation 0.0% | ||||||||
Aer Lingus Group plc * | 9,012 | 8 | ||||||
633 | ||||||||
Israel 0.8% | ||||||||
Banks 0.1% | ||||||||
First International Bank of Israel Ltd. * | 606 | 9 | ||||||
Mizrahi Tefahot Bank Ltd. * | 2,582 | 21 | ||||||
30 | ||||||||
Capital Goods 0.1% | ||||||||
Clal Industries Ltd. * | 2,802 | 14 | ||||||
Elbit Systems Ltd. | 272 | 17 | ||||||
Koor Industries Ltd. | 448 | 13 | ||||||
44 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Elco Holdings Ltd. | 1,147 | 14 | ||||||
Energy 0.0% | ||||||||
Paz Oil Co., Ltd. | 69 | 11 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Blue Square-Israel Ltd. * | 986 | 10 | ||||||
Shufersal Ltd. | 3,201 | 15 | ||||||
�� | ||||||||
25 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Osem Investments Ltd. | 643 | 8 | ||||||
Strauss Group Ltd. | 1,045 | 14 | ||||||
22 | ||||||||
Insurance 0.1% | ||||||||
Clal Insurance Enterprise Holdings Ltd. * | 1,143 | 24 | ||||||
Harel Insurance Investments & Finances Service Ltd. * | 288 | 14 | ||||||
Migdal Insurance & Financial Ltd. Holdings * | 7,572 | 12 | ||||||
50 | ||||||||
Materials 0.0% | ||||||||
Makhteshim-Agan Industries Ltd. | 4,127 | 19 | ||||||
Real Estate 0.2% | ||||||||
Africa Israel Investments Ltd. * | 1,283 | 16 | ||||||
Delek Real Estate Ltd. * | 16,738 | 18 | ||||||
Elbit Imaging Ltd. * | 712 | 18 | ||||||
Gazit Globe Ltd. | 1,441 | 13 | ||||||
Jerusalem Economy Ltd. * | 1,581 | 10 | ||||||
Property & Building Corp., Ltd. | 125 | 9 | ||||||
84 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Retailing 0.0% | ||||||||
Delek Automotive Systems Ltd. | 1,017 | 11 | ||||||
Software & Services 0.0% | ||||||||
NICE Systems Ltd. * | 599 | 19 | ||||||
Telecommunication Services 0.1% | ||||||||
Partner Communications Co., Ltd. | 1,136 | 21 | ||||||
350 | ||||||||
Italy 2.5% | ||||||||
Automobiles & Components 0.1% | ||||||||
Brembo S.p.A. | 1,564 | 12 | ||||||
Immsi S.p.A. * | 12,423 | 17 | ||||||
Piaggio & C. S.p.A. | 7,614 | 19 | ||||||
Sogefi S.p.A. * | 5,738 | 13 | ||||||
61 | ||||||||
Banks 0.3% | ||||||||
Banca Piccolo Credito Valtellinese Scarl | 5,833 | 54 | ||||||
Banca Popolare dell’Etruria e del Lazio Scrl | 2,664 | 17 | ||||||
Banco di Desio e della Brianza S.p.A. | 1,555 | 10 | ||||||
Credito Artigiano S.p.A. | 3,224 | 9 | ||||||
Credito Emiliano S.p.A. * | 4,653 | 30 | ||||||
120 | ||||||||
Capital Goods 0.5% | ||||||||
Astaldi S.p.A. | 1,433 | 13 | ||||||
Cofide S.p.A. — Compagnia Finanziaria De Benedetti * | 79,006 | 71 | ||||||
Danieli S.p.A. — Officine Meccaniche Danieli & C. | 548 | 14 | ||||||
Danieli S.p.A. — Officine Meccaniche Danieli & C. — RNC | 3,542 | 47 | ||||||
Impregilo S.p.A. | 10,691 | 36 | ||||||
Interpump Group S.p.A. * | 2,250 | 14 | ||||||
Maire Tecnimont S.p.A. | 3,827 | 16 | ||||||
Permasteelisa S.p.A. * | 978 | 19 | ||||||
230 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Bulgari S.p.A | 4,441 | 36 | ||||||
Geox S.p.A. | 973 | 8 | ||||||
Indesit Co., S.p.A. * | 6,302 | 71 | ||||||
Safilo Group S.p.A. * | 36,510 | 28 | ||||||
Tod’s S.p.A. | 255 | 18 | ||||||
161 | ||||||||
Diversified Financials 0.1% | ||||||||
Azimut Holding S.p.A. | 2,279 | 27 | ||||||
DeA Capital S.p.A. * | 2,804 | 6 | ||||||
33 | ||||||||
Food & Staples Retailing 0.0% | ||||||||
Marr S.p.A. | 876 | 8 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Davide Campari — Milano S.p.A. | 2,574 | 25 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Sorin S.p.A. * | 10,056 | 18 | ||||||
Materials 0.1% | ||||||||
Cementir Holding S.p.A. | 5,136 | 23 | ||||||
KME Group | 10,413 | 8 | ||||||
31 | ||||||||
Media 0.3% | ||||||||
Gruppo Editoriale L’Espresso S.p.A. * | 12,820 | 36 | ||||||
Mondadori (Arnoldo) Editore S.p.A. * | 5,226 | 24 | ||||||
RCS MediaGroup S.p.A. * | 9,832 | 18 | ||||||
Seat Pagine Gialle S.p.A. * | 154,373 | 44 | ||||||
122 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Recordati S.p.A. | 2,195 | 17 | ||||||
Real Estate 0.2% | ||||||||
Beni Stabili S.p.A. | 11,067 | 10 | ||||||
Immobiliare Grande Distribuzione | 5,256 | 11 | ||||||
Pirelli & C. Real Estate S.p.A. * | 105,407 | 83 | ||||||
Risanamento S.p.A. * | 13,332 | 9 | ||||||
113 | ||||||||
Retailing 0.0% | ||||||||
Gruppo Coin S.p.A. * | 2,930 | 17 | ||||||
Software & Services 0.1% | ||||||||
Tiscali S.p.A. * | 102,292 | 28 | ||||||
Technology Hardware & Equipment 0.0% | ||||||||
Esprinet S.p.A. | 1,943 | 20 | ||||||
Telecommunication Services 0.0% | ||||||||
Fastweb * | 483 | 14 | ||||||
Transportation 0.2% | ||||||||
Alitalia S.p.A. (a) | 14,782 | — | ||||||
Ansaldo STS S.p.A. | 1,071 | 20 | ||||||
Autostrada Torino-Milano S.p.A. | 2,978 | 37 | ||||||
Gemina S.p.A. * | 25,771 | 22 | ||||||
Societa Iniziative Autostradali e Servizi S.p.A. | 1,544 | 14 | ||||||
93 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Utilities 0.2% | ||||||||
ACEA S.p.A. | 1,737 | 20 | ||||||
Ascopiave S.p.A. | 2,550 | 6 | ||||||
Enia S.p.A. | 1,872 | 14 | ||||||
Iride S.p.A. | 18,086 | 33 | ||||||
73 | ||||||||
1,184 | ||||||||
Japan 23.8% | ||||||||
Automobiles & Components 1.8% | ||||||||
Aichi Machine Industry Co., Ltd. | 3,000 | 9 | ||||||
Aisan Industry Co., Ltd. | 1,000 | 7 | ||||||
Akebono Brake Industry Co., Ltd. | 2,000 | 16 | ||||||
EXEDY Corp. | 1,000 | 21 | ||||||
F.C.C. Co., Ltd. | 1,000 | 17 | ||||||
Futaba Industrial Co., Ltd. | 9,800 | 51 | ||||||
Kanto Auto Works, Ltd. | 2,000 | 19 | ||||||
Kayaba Industry Co., Ltd. | 14,000 | 40 | ||||||
Keihin Corp. | 1,400 | 21 | ||||||
Koito Manufacturing Co., Ltd. | 4,000 | 57 | ||||||
Mitsuba Corp. * | 5,000 | 22 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 1,300 | 27 | ||||||
Nhk Spring Co., Ltd. | 10,000 | 78 | ||||||
Nippon Seiki Co., Ltd. | 1,000 | 10 | ||||||
Nissan Shatai Co., Ltd. | 2,000 | 17 | ||||||
Nissin Kogyo Co., Ltd. | 1,400 | 21 | ||||||
Press Kogyo Co., Ltd. | 10,000 | 22 | ||||||
Riken Corp. | 4,000 | 15 | ||||||
Sanden Corp. * | 13,000 | 38 | ||||||
Showa Corp. | 6,100 | 36 | ||||||
Stanley Electric Co., Ltd. | 3,200 | 63 | ||||||
Tachi-S Co., Ltd. | 2,000 | 16 | ||||||
The Yokohama Rubber Co., Ltd. | 9,000 | 39 | ||||||
Tokai Rika Co., Ltd. | 2,200 | 45 | ||||||
Tokai Rubber Industries Ltd. | 1,200 | 14 | ||||||
Topre Corp. | 1,000 | 9 | ||||||
Toyo Tire & Rubber Co., Ltd. * | 15,000 | 28 | ||||||
TS Tech Co., Ltd. | 2,500 | 48 | ||||||
Unipres Corp. | 1,000 | 14 | ||||||
820 | ||||||||
Banks 1.7% | ||||||||
Bank of The Ryukyus Ltd. | 1,500 | 16 | ||||||
Kansai Urban Banking Corp. | 7,000 | 10 | ||||||
Kiyo Holdings, Inc. | 12,000 | 14 | ||||||
Suruga Bank Ltd. | 3,000 | 27 | ||||||
The 77 Bank Ltd. | 6,000 | 35 | ||||||
The Aichi Bank Ltd. | 200 | 17 | ||||||
The Akita Bank Ltd. | 2,000 | 8 | ||||||
The Aomori Bank Ltd. | 5,000 | 14 | ||||||
The Awa Bank Ltd. | 2,000 | 10 | ||||||
The Bank of Iwate Ltd. | 200 | 12 | ||||||
The Bank of Nagoya Ltd. | 2,000 | 8 | ||||||
The Bank of Okinawa Ltd. | 300 | 10 | ||||||
The Bank of Saga Ltd. | 4,000 | 14 | ||||||
The Chiba Kogyo Bank Ltd. * | 1,000 | 9 | ||||||
The Chugoku Bank Ltd. | 4,000 | 54 | ||||||
The Chukyo Bank Ltd. | 5,000 | 14 | ||||||
The Daisan Bank Ltd. * | 1,000 | 2 | ||||||
The Daishi Bank Ltd. | 5,000 | 18 | ||||||
The Ehime Bank Ltd. | 2,000 | 5 | ||||||
The Eighteenth Bank Ltd. | 3,000 | 8 | ||||||
The Fukui Bank Ltd. | 4,000 | 13 | ||||||
The Higashi-Nippon Bank Ltd. | 2,000 | 4 | ||||||
The Higo Bank Ltd. | 3,000 | 18 | ||||||
The Hiroshima Bank Ltd. | 7,000 | 27 | ||||||
The Hokkoku Bank Ltd. | 5,000 | 20 | ||||||
The Hokuetsu Bank Ltd. | 3,000 | 5 | ||||||
The Hyakugo Bank Ltd. | 3,000 | 14 | ||||||
The Hyakujushi Bank Ltd. | 4,000 | 16 | ||||||
The Iyo Bank Ltd. | 3,000 | 27 | ||||||
The Juroku Bank Ltd. | 6,000 | 21 | ||||||
The Kagawa Bank Ltd. | 1,000 | 4 | ||||||
The Kagoshima Bank Ltd. | 3,000 | 22 | ||||||
The Keiyo Bank Ltd. | 2,000 | 10 | ||||||
The Mie Bank Ltd. | 1,000 | 3 | ||||||
The Minato Bank Ltd. * | 4,000 | 5 | ||||||
The Miyazaki Bank Ltd. | 2,000 | 9 | ||||||
The Musashino Bank Ltd. | 800 | 23 | ||||||
The Nanto Bank Ltd. | 4,000 | 22 | ||||||
The Nishi-Nippon City Bank Ltd. | 15,000 | 37 | ||||||
The Ogaki Kyoritsu Bank Ltd. | 4,000 | 14 | ||||||
The Oita Bank Ltd. | 2,000 | 8 | ||||||
The San-in Godo Bank Ltd. | 3,000 | 26 | ||||||
The Shiga Bank Ltd. | 3,000 | 19 | ||||||
The Shikoku Bank Ltd. | 4,000 | 13 | ||||||
The Tochigi Bank Ltd. | 1,000 | 5 | ||||||
The Toho Bank Ltd. | 3,000 | 10 | ||||||
The Tokyo Tomin Bank Ltd. | 1,000 | 15 | ||||||
The Yamagata Bank Ltd. | 2,000 | 10 | ||||||
The Yamanashi Chuo Bank Ltd. | 2,000 | 9 | ||||||
Yamaguchi Financial Group, Inc. | 4,000 | 38 | ||||||
772 | ||||||||
Capital Goods 3.8% | ||||||||
Aica Kogyo Co., Ltd. | 1,000 | 10 | ||||||
Amano Corp. | 1,000 | 9 | ||||||
Ando Corp. | 5,000 | 7 | ||||||
Bando Chemical Industries Ltd. | 2,000 | 6 | ||||||
Central Glass Co., Ltd. | 6,000 | 24 | ||||||
Chiyoda Corp. | 5,000 | 36 | ||||||
Chudenko Corp. | 1,000 | 15 | ||||||
CKD Corp. | 2,900 | 22 | ||||||
COMSYS Holdings Corp. | 3,000 | 30 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Dai-Dan Co., Ltd. | 2,000 | 10 | ||||||
Daifuku Co., Ltd. | 3,000 | 19 | ||||||
Ebara Corp. * | 17,000 | 75 | ||||||
Fujitec Co., Ltd. | 2,000 | 10 | ||||||
Furukawa Co., Ltd. | 14,000 | 19 | ||||||
Futaba Corp. | 1,300 | 20 | ||||||
Glory Ltd. | 1,200 | 26 | ||||||
GS Yuasa Corp. | 4,000 | 34 | ||||||
Hitachi Cable Ltd. | 11,000 | 29 | ||||||
Hitachi Plant Technologies Ltd. | 3,000 | 20 | ||||||
Hitachi Zosen Corp. * | 34,500 | 45 | ||||||
Inaba Denki Sangyo Co., Ltd. | 900 | 21 | ||||||
Inabata & Co., Ltd. | 6,000 | 23 | ||||||
Iseki & Co., Ltd. * | 3,000 | 11 | ||||||
Iwatani Corp. | 13,000 | 39 | ||||||
Japan Pulp & Paper Co., Ltd. | 3,000 | 11 | ||||||
JGC Corp. | 4,000 | 76 | ||||||
Juki Corp. * | 12,000 | 13 | ||||||
Kamei Corp. | 3,000 | 16 | ||||||
Kandenko Co., Ltd. | 2,000 | 12 | ||||||
Keihan Electric Railway Co., Ltd. | 7,000 | 29 | ||||||
Kitz Corp. | 2,000 | 10 | ||||||
Komori Corp. | 2,400 | 28 | ||||||
Kumagai Gumi Co., Ltd. * | 20,000 | 14 | ||||||
Kurita Water Industries Ltd. | 1,400 | 43 | ||||||
Kuroda Electric Co., Ltd. | 1,300 | 19 | ||||||
Kyowa Exeo Corp. | 2,000 | 18 | ||||||
Kyudenko Corp. | 2,000 | 12 | ||||||
Maeda Corp. | 7,000 | 19 | ||||||
Maeda Road Construction Co., Ltd. | 2,000 | 16 | ||||||
Makino Milling Machine Co., Ltd. | 4,000 | 16 | ||||||
Max Co., Ltd. | 1,000 | 10 | ||||||
Meidensha Corp. | 5,000 | 25 | ||||||
Minebea Co., Ltd. | 10,000 | 42 | ||||||
MISUMI Group, Inc. | 500 | 9 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 21,000 | 54 | ||||||
Miura Co., Ltd. | 400 | 11 | ||||||
Mori Seiki Co., Ltd. | 2,000 | 22 | ||||||
Nabtesco Corp. | 1,000 | 12 | ||||||
Nachi-Fujikoshi Corp. | 9,000 | 20 | ||||||
NEC Networks & System Integration Corp. | 1,000 | 12 | ||||||
Nichias Corp. | 5,000 | 18 | ||||||
Nichiha Corp. * | 1,000 | 6 | ||||||
Nippo Corp. | 2,000 | 15 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 1,000 | 8 | ||||||
Nishimatsu Construction Co., Ltd. | 29,000 | 44 | ||||||
Nishio Rent All Co., Ltd. | 1,000 | 8 | ||||||
Nitto Boseki Co., Ltd. | 5,000 | 9 | ||||||
Noritake Co., Ltd. | 2,000 | 6 | ||||||
Noritz Corp. | 1,000 | 13 | ||||||
OKUMA Corp. | 4,000 | 19 | ||||||
Okumura Corp. | 5,000 | 17 | ||||||
OSG Corp. | 2,000 | 20 | ||||||
Penta-Ocean Construction Co., Ltd. * | 15,000 | 17 | ||||||
Ryobi Ltd. | 8,000 | 21 | ||||||
Sanki Engineering Co., Ltd. | 2,000 | 15 | ||||||
Sankyo-Tateyama Holdings, Inc. * | 23,000 | 23 | ||||||
Sanwa Holdings Corp. | 8,000 | 22 | ||||||
Shima Seiki Manufacturing Ltd. | 400 | 8 | ||||||
ShinMaywa Industries Ltd. | 4,000 | 14 | ||||||
Sintokogio Ltd. | 1,000 | 7 | ||||||
Sumitomo Mitsui Construction Co., Ltd. * | 19,000 | 17 | ||||||
Swcc Showa Holdings Co., Ltd. | 12,000 | 11 | ||||||
Tadano Ltd. | 2,000 | 9 | ||||||
Taihei Kogyo Co., Ltd. | 1,000 | 3 | ||||||
Taikisha Ltd. | 1,000 | 13 | ||||||
Takara Standard Co., Ltd. | 2,000 | 12 | ||||||
Takasago Thermal Engineering Co., Ltd. | 2,000 | 16 | ||||||
Tekken Corp. * | 6,000 | 5 | ||||||
The Japan Steel Works Ltd. | 2,000 | 22 | ||||||
The Nippon Road Co., Ltd. | 1,000 | 2 | ||||||
THK Co., Ltd. | 3,000 | 52 | ||||||
TOA Corp. | 6,000 | 6 | ||||||
Toda Corp. | 11,000 | 37 | ||||||
Toenec Corp. | 2,000 | 12 | ||||||
Tokyu Construction Co., Ltd. * | 3,000 | 8 | ||||||
Toshiba Machine Co., Ltd. | 4,000 | 13 | ||||||
Toshiba Plant Systems & Services Corp. | 1,000 | 13 | ||||||
Toyo Construction Co., Ltd. | 22,000 | 11 | ||||||
Toyo Engineering Corp. | 4,000 | 13 | ||||||
Tsubakimoto Chain Co. | 6,000 | 26 | ||||||
Ushio, Inc. | 1,300 | 20 | ||||||
Yamazen Corp. | 3,000 | 10 | ||||||
Yuasa Trading Co., Ltd. | 15,000 | 14 | ||||||
Yurtec Corp. | 2,000 | 13 | ||||||
1,797 | ||||||||
Commercial & Professional Supplies 0.3% | ||||||||
Duskin Co., Ltd. | 1,600 | 29 | ||||||
Kyodo Printing Co., Ltd. | 3,000 | 9 | ||||||
Meitec Corp. | 1,000 | 17 | ||||||
Nissha Printing Co., Ltd. | 400 | 19 | ||||||
Okamura Corp. | 2,000 | 10 | ||||||
Park24 Co., Ltd. | 1,000 | 11 | ||||||
Sohgo Security Services Co., Ltd. | 2,000 | 23 | ||||||
Toppan Forms Co., Ltd. | 1,000 | 12 | ||||||
Uchida Yoko Co., Ltd. | 2,000 | 6 | ||||||
136 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Consumer Durables & Apparel 1.3% | ||||||||
Alpine Electronics, Inc. | 1,600 | 16 | ||||||
Arnest One Corp. | 4,000 | 46 | ||||||
Asics Corp. | 2,000 | 18 | ||||||
Clarion Co., Ltd. * | 5,000 | 5 | ||||||
Cleanup Corp. | 1,000 | 7 | ||||||
Fujitsu General Ltd. | 2,000 | 7 | ||||||
Funai Electric Co., Ltd. | 600 | 28 | ||||||
Gunze Ltd. | 4,000 | 16 | ||||||
Heiwa Corp. | 1,000 | 10 | ||||||
Hitachi Koki Co., Ltd. | 1,000 | 11 | ||||||
Kurabo Industries Ltd. | 8,000 | 14 | ||||||
Misawa Homes Co., Ltd. * | 11,100 | 40 | ||||||
Mitsui Home Co., Ltd. | 1,000 | 5 | ||||||
Mizuno Corp. | 2,000 | 9 | ||||||
Nisshinbo Holdings, Inc. | 4,000 | 39 | ||||||
Onward Holdings Co., Ltd. | 5,000 | 31 | ||||||
PanaHome Corp. | 2,000 | 13 | ||||||
Rinnai Corp. | 600 | 26 | ||||||
Roland Corp. | 1,000 | 11 | ||||||
Sangetsu Co., Ltd. | 1,000 | 22 | ||||||
Sanyo Shokai Ltd. | 2,000 | 6 | ||||||
Seiko Holdings Corp. | 12,000 | 25 | ||||||
Shimano, Inc. | 1,600 | 61 | ||||||
Takamatsu Construction Group Co., Ltd. | 1,000 | 14 | ||||||
The Japan General Estate Co., Ltd. (a)* | 1,000 | — | ||||||
The Japan Wool Textile Co., Ltd. | 2,000 | 13 | ||||||
Tokyo Style Co., Ltd. | 2,000 | 17 | ||||||
Tomy Co., Ltd. | 2,000 | 18 | ||||||
Toyobo Co., Ltd. | 24,000 | 37 | ||||||
Unitika Ltd. * | 17,000 | 13 | ||||||
Wacoal Holdings Corp. | 2,000 | 24 | ||||||
602 | ||||||||
Consumer Services 0.4% | ||||||||
Accordia Golf Co., Ltd. | 21 | 20 | ||||||
Benesse Holdings, Inc. | 1,000 | 44 | ||||||
Doutor Nichires Holdings Co., Ltd. | 1,000 | 14 | ||||||
H.I.S. Co., Ltd. | 1,000 | 22 | ||||||
Pacific Golf Group International Holdings K.K. | 20 | 14 | ||||||
Plenus Co., Ltd. | 1,000 | 14 | ||||||
Resorttrust, Inc. | 1,000 | 11 | ||||||
Round One Corp. | 1,000 | 7 | ||||||
Royal Holdings Co., Ltd. | 1,000 | 11 | ||||||
Tokyo Dome Corp. | 3,000 | 9 | ||||||
Yoshinoya Holdings Co., Ltd. | 7 | 8 | ||||||
Zensho Co., Ltd. | 2,100 | 15 | ||||||
189 | ||||||||
Diversified Financials 0.8% | ||||||||
Aeon Credit Service Co., Ltd. | 2,000 | 19 | ||||||
Cedyna Financial Corp. * | 9,550 | 19 | ||||||
Jaccs Co., Ltd. | 12,000 | 28 | ||||||
JAFCO Co., Ltd. | 800 | 22 | ||||||
Japan Securities Finance Co., Ltd. | 3,000 | 21 | ||||||
Marusan Securities Co., Ltd. | 2,000 | 12 | ||||||
Matsui Securities Co., Ltd. | 2,000 | 14 | ||||||
Mizuho Investors Securities Co., Ltd. * | 12,000 | 12 | ||||||
Mizuho Securities Co., Ltd. | 13,000 | 45 | ||||||
Monex Group, Inc. | 21 | 8 | ||||||
NIS Group Co., Ltd. * | 23,000 | 10 | ||||||
Okasan Securities Group, Inc. | 2,000 | 10 | ||||||
Orient Corp. * | 22,000 | 21 | ||||||
SBI Holdings, Inc. | 524 | 96 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 7,000 | 23 | ||||||
360 | ||||||||
Energy 0.2% | ||||||||
AOC Holdings, Inc. | 3,500 | 24 | ||||||
Itohchu Enex Co., Ltd. | 2,000 | 10 | ||||||
Japan Petroleum Exploration Co., Ltd. | 700 | 35 | ||||||
Mitsuuroko Co., Ltd. | 1,000 | 7 | ||||||
San-Ai Oil Co., Ltd. | 2,000 | 10 | ||||||
Sinanen Co., Ltd. | 1,000 | 5 | ||||||
91 | ||||||||
Food & Staples Retailing 0.7% | ||||||||
Arcs Co., Ltd. | 1,000 | 15 | ||||||
Circle K Sunkus Co., Ltd. | 1,000 | 14 | ||||||
FamilyMart Co., Ltd. | 1,000 | 30 | ||||||
Heiwado Co., Ltd. | 1,000 | 13 | ||||||
Inageya Co., Ltd. | 1,000 | 10 | ||||||
Izumiya Co., Ltd. | 4,000 | 21 | ||||||
Kasumi Co., Ltd. | 1,000 | 5 | ||||||
Kato Sangyo Co., Ltd. | 1,300 | 22 | ||||||
Life Corp. | 1,000 | 17 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 1,200 | 28 | ||||||
Okuwa Co., Ltd. | 1,000 | 11 | ||||||
San-A Co., Ltd. | 200 | 7 | ||||||
Sugi Pharmacy Co., Ltd. | 1,000 | 22 | ||||||
Sundrug Co., Ltd. | 1,000 | 25 | ||||||
The Maruetsu, Inc. | 3,000 | 14 | ||||||
Tsuruha Holdings, Inc. | 1,000 | 39 | ||||||
Valor Co., Ltd. | 1,700 | 15 | ||||||
Yaoko Co., Ltd. | 1,000 | 35 | ||||||
343 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Food, Beverage & Tobacco 1.8% | ||||||||
Coca-Cola Central Japan Co., Ltd. | 1,100 | 15 | ||||||
Coca-Cola West Holdings Co., Ltd. | 1,300 | 24 | ||||||
Ezaki Glico Co., Ltd. | 3,000 | 33 | ||||||
Fuji Oil Co., Ltd. | 1,400 | 21 | ||||||
House Food Corp. | 1,000 | 16 | ||||||
Ito En Ltd. | 2,300 | 39 | ||||||
Itoham Foods, Inc. | 5,000 | 20 | ||||||
J-Oil Mills, Inc. | 3,000 | 10 | ||||||
Kagome Co., Ltd. | 1,300 | 25 | ||||||
Kikkoman Corp. | 4,000 | 46 | ||||||
Marudai Food Co., Ltd. | 3,000 | 10 | ||||||
Maruha Nichiro Holdings, Inc. | 26,000 | 38 | ||||||
Megmilk Snow Brand Co., Ltd. * | 2,000 | 39 | ||||||
MEIJI Holdings Co., Ltd. * | 2,200 | 90 | ||||||
Mikuni Coca-Cola Bottling Co., Ltd. | 1,000 | 8 | ||||||
Morinaga & Co., Ltd. | 4,000 | 9 | ||||||
Morinaga Milk Industry Co., Ltd. | 9,000 | 42 | ||||||
Nichirei Corp. | 7,000 | 26 | ||||||
Nippon Flour Mills Co., Ltd. | 3,000 | 15 | ||||||
Nippon Suisan Kaisha Ltd. | 11,000 | 32 | ||||||
Nissin Food Products Co., Ltd. | 1,200 | 42 | ||||||
Prima Meat Packers Ltd. | 8,000 | 9 | ||||||
Q.P. Corp. | 2,700 | 31 | ||||||
Sapporo Holdings Ltd. | 8,000 | 42 | ||||||
Showa Sangyo Co., Ltd. | 4,000 | 13 | ||||||
Starzen Co., Ltd. | 1,000 | 3 | ||||||
Takara Holdings, Inc. | 3,000 | 18 | ||||||
The Nisshin Oillio Group Ltd. | 3,000 | 16 | ||||||
Toyo Suisan Kaisha Ltd. | 1,000 | 26 | ||||||
Yakult Honsha Co., Ltd. | 2,500 | 65 | ||||||
823 | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Hitachi Medical Corp. | 1,000 | 10 | ||||||
Miraca Holdings, Inc. | 1,000 | 32 | ||||||
Nichii Gakkan Co. | 1,000 | 10 | ||||||
Nihon Kohden Corp. | 1,000 | 17 | ||||||
Nipro Corp. | 1,000 | 21 | ||||||
Sysmex Corp. | 200 | 9 | ||||||
Toho Pharmaceutical Co., Ltd. | 3,400 | 50 | ||||||
Vital Ksk Holdings, Inc. * | 2,000 | 12 | ||||||
161 | ||||||||
Household & Personal Products 0.2% | ||||||||
Aderans Holdings Co., Ltd. | 2,400 | 29 | ||||||
Fancl Corp. | 1,000 | 18 | ||||||
Kobayashi Pharmaceutical Co., Ltd. | 300 | 13 | ||||||
Kose Corp. | 600 | 13 | ||||||
Lion Corp. | 3,000 | 15 | ||||||
Unicharm Corp. | 300 | 29 | ||||||
117 | ||||||||
Insurance 0.1% | ||||||||
Nissay Dowa General Insurance Co., Ltd. | 3,000 | 13 | ||||||
The Fuji Fire & Marine Insurance Co., Ltd. * | 12,000 | 14 | ||||||
27 | ||||||||
Materials 3.3% | ||||||||
Adeka Corp. | 3,300 | 30 | ||||||
Aichi Steel Corp. | 3,000 | 14 | ||||||
Air Water, Inc. | 3,000 | 35 | ||||||
Chuetsu Pulp & Paper Co., Ltd. | 1,000 | 2 | ||||||
Daicel Chemical Industries Ltd. | 9,000 | 54 | ||||||
Daido Steel Co., Ltd. | 15,000 | 51 | ||||||
Daiken Corp. | 3,000 | 7 | ||||||
Dainichiseika Color & Chemical Mfg. Co., Ltd. | 1,000 | 3 | ||||||
Daio Paper Corp. | 4,000 | 34 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 23,000 | 84 | ||||||
Dowa Holdings Co., Ltd. | 14,000 | 82 | ||||||
FP Corp. | 1,000 | 50 | ||||||
Furukawa-Sky Aluminum Corp. | 4,000 | 6 | ||||||
Godo Steel Ltd. | 3,000 | 6 | ||||||
Hokkan Holdings Ltd. | 1,000 | 3 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 3,000 | 15 | ||||||
Ishihara Sangyo Kaisha Ltd. * | 13,000 | 11 | ||||||
Kansai Paint Co., Ltd. | 4,000 | 34 | ||||||
Kureha Corp. | 3,000 | 16 | ||||||
Kurimoto Ltd. * | 7,000 | 7 | ||||||
Kyoei Steel Ltd. | 1,000 | 22 | ||||||
Lintec Corp. | 1,300 | 23 | ||||||
Maruichi Steel Tube Ltd. | 1,000 | 19 | ||||||
Mitsubishi Paper Mills Ltd. | 8,000 | 10 | ||||||
Mitsubishi Steel Mfg. Co., Ltd. | 4,000 | 8 | ||||||
Nakayama Steel Works Ltd. | 6,000 | 9 | ||||||
Nifco, Inc. | 2,000 | 41 | ||||||
Nihon Parkerizing Co., Ltd. | 1,000 | 12 | ||||||
Nippon Coke & Engineering Co., Ltd. | 2,000 | 2 | ||||||
Nippon Kayaku Co., Ltd. | 4,000 | 36 | ||||||
Nippon Light Metal Co., Ltd. * | 48,000 | 42 | ||||||
Nippon Metal Industry Co., Ltd. | 7,000 | 13 | ||||||
Nippon Paint Co., Ltd. | 4,000 | 24 | ||||||
Nippon Shokubai Co., Ltd. | 4,000 | 34 | ||||||
Nippon Soda Co., Ltd. | 3,000 | 12 | ||||||
Nippon Yakin Kogyo Co., Ltd. | 7,500 | 36 | ||||||
Nissan Chemical Industries Ltd. | 4,000 | 52 | ||||||
Nittetsu Mining Co., Ltd. | 2,000 | 11 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Nof Corp. | 3,000 | 14 | ||||||
Osaka Steel Co., Ltd. | 1,000 | 18 | ||||||
Pacific Metals Co., Ltd. | 4,000 | 30 | ||||||
Rengo Co., Ltd. | 5,000 | 28 | ||||||
Sakai Chemical Industry Co., Ltd. | 2,000 | 8 | ||||||
Sanyo Chemical Industries Ltd. | 2,000 | 11 | ||||||
Sanyo Special Steel Co., Ltd. | 6,000 | 22 | ||||||
Shin-Etsu Polymer Co., Ltd. | 1,000 | 6 | ||||||
Sumitomo Bakelite Co., Ltd. | 5,000 | 24 | ||||||
Sumitomo Light Metal Industries Ltd. * | 25,000 | 22 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 10,000 | 17 | ||||||
Taiyo Nippon Sanso Corp. | 5,000 | 56 | ||||||
Takasago International Corp. | 1,000 | 5 | ||||||
Toagosei Co., Ltd. | 6,000 | 21 | ||||||
Toho Zinc Co., Ltd. | 4,000 | 20 | ||||||
Tokai Carbon Co., Ltd. | 3,000 | 14 | ||||||
Tokushu Tokai Holdings Co., Ltd. | 3,000 | 8 | ||||||
Tokuyama Corp. | 6,000 | 38 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 1,200 | 23 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 3,400 | 45 | ||||||
Tomoku Co., Ltd. | 3,000 | 7 | ||||||
Topy Industries Ltd. | 10,000 | 19 | ||||||
Toyo Ink Mfg. Co., Ltd. | 7,000 | 24 | ||||||
Toyo Kohan Co., Ltd. | 1,000 | 5 | ||||||
Yamato Kogyo Co., Ltd. | 900 | 27 | ||||||
Yodogawa Steel Works Ltd. | 4,000 | 17 | ||||||
Zeon Corp. | 9,000 | 41 | ||||||
1,520 | ||||||||
Media 0.2% | ||||||||
Asatsu-DK, Inc. | 1,300 | 26 | ||||||
Avex Group Holdings, Inc. | 1,000 | 9 | ||||||
Kadokawa Group Holdings, Inc. | 500 | 12 | ||||||
Shochiku Co., Ltd. | 1,000 | 9 | ||||||
Sky Perfect JSAT Holdings, Inc. | 19 | 9 | ||||||
Toei Co., Ltd. | 2,000 | 11 | ||||||
Toho Co., Ltd. | 1,700 | 25 | ||||||
TV Asahi Corp. | 7 | 11 | ||||||
112 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.5% | ||||||||
Dainippon Sumitomo Pharma Co., Ltd. | 1,700 | 17 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 400 | 14 | ||||||
Kaken Pharmaceutical Co., Ltd. | 1,000 | 9 | ||||||
Kissei Pharmaceutical Co., Ltd. | 1,000 | 22 | ||||||
Kyorin Co., Ltd. | 1,000 | 16 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 2,000 | 23 | ||||||
Mochida Pharmaceutical Co., Ltd. | 1,000 | 10 | ||||||
Nippon Shinyaku Co., Ltd. | 1,000 | 14 | ||||||
Rohto Pharmaceutical Co., Ltd. | 1,000 | 13 | ||||||
Santen Pharmaceutical Co., Ltd. | 700 | 24 | ||||||
Shionogi & Co., Ltd. | 3,000 | 65 | ||||||
Tsumura & Co. | 400 | 14 | ||||||
241 | ||||||||
Real Estate 0.5% | ||||||||
AEON Mall Co., Ltd. | 1,000 | 21 | ||||||
Daibiru Corp. | 1,000 | 9 | ||||||
Daikyo, Inc. * | 33,000 | 82 | ||||||
Goldcrest Co., Ltd. | 1,000 | 30 | ||||||
Iida Home Max | 1,000 | 18 | ||||||
Joint Corp. (a)* | 4,000 | — | ||||||
NTT Urban Development Corp. | 19 | 15 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 360 | 13 | ||||||
Tokyo Tatemono Co., Ltd. | 11,000 | 52 | ||||||
240 | ||||||||
Retailing 1.9% | ||||||||
ABC-Mart, Inc. | 1,000 | 29 | ||||||
Alpen Co., Ltd. | 1,000 | 18 | ||||||
AOKl Holdings, Inc. | 1,000 | 10 | ||||||
Aoyama Trading Co., Ltd. | 2,000 | 32 | ||||||
ASKUL Corp. | 1,000 | 20 | ||||||
Autobacs Seven Co., Ltd. | 900 | 30 | ||||||
Belluna Co., Ltd. | 2,000 | 9 | ||||||
Best Denki Co., Ltd. | 6,000 | 26 | ||||||
Bic Camera, Inc. | 83 | 31 | ||||||
Chiyoda Co., Ltd. | 1,000 | 12 | ||||||
Chori Co., Ltd. | 8,000 | 9 | ||||||
Culture Convenience Club Co., Ltd. | 2,200 | 14 | ||||||
DCM Japan Holdings Co., Ltd. | 2,000 | 13 | ||||||
Don Quijote Co., Ltd. | 1,600 | 43 | ||||||
EDION Corp. | 12,600 | 102 | ||||||
Fuji Co., Ltd. | 1,000 | 20 | ||||||
GEO Corp. | 21 | 22 | ||||||
Gulliver International Co., Ltd. | 600 | 44 | ||||||
H2O Retailing Corp. | 3,000 | 18 | ||||||
Hikari Tsushin, Inc. | 400 | 7 | ||||||
Izumi Co., Ltd. | 1,800 | 22 | ||||||
Joshin Denki Co., Ltd. | 2,000 | 14 | ||||||
K’s Holdings Corp. | 1,700 | 55 | ||||||
Keiyo Co., Ltd. | 1,000 | 5 | ||||||
Kohnan Shoji Co., Ltd. | 1,000 | 12 | ||||||
Kojima Co., Ltd. | 5,000 | 25 | ||||||
Komeri Co., Ltd. | 1,300 | 36 | ||||||
Nice Holdings, Inc. * | 7,000 | 15 | ||||||
Nissen Holdings Co., Ltd. | 1,000 | 3 | ||||||
Nitori Co., Ltd. | 200 | 16 | ||||||
Parco Co., Ltd. | 1,000 | 9 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Paris Miki Holdings, Inc. | 1,000 | 8 | ||||||
Ryohin Keikaku Co., Ltd. | 500 | 23 | ||||||
Shimachu Co., Ltd. | 1,500 | 35 | ||||||
Shimamura Co., Ltd. | 400 | 38 | ||||||
T-Gaia Corp. | 8 | 15 | ||||||
USS Co., Ltd. | 390 | 24 | ||||||
Xebio Co., Ltd. | 600 | 14 | ||||||
Yokohama Reito Co., Ltd. | 1,000 | 7 | ||||||
885 | ||||||||
Semiconductors & Semiconductor Equipment 0.5% | ||||||||
Dainippon Screen Mfg. Co., Ltd. * | 14,000 | 60 | ||||||
Disco Corp. | 400 | 22 | ||||||
Sanken Electric Co., Ltd. | 7,000 | 25 | ||||||
Shinko Electric Industries Co., Ltd. | 2,300 | 34 | ||||||
Tokyo Seimitsu Co., Ltd. | 1,400 | 18 | ||||||
UKC Holdings Corp. * | 2,000 | 29 | ||||||
ULVAC, Inc. | 1,100 | 26 | ||||||
214 | ||||||||
Software & Services 0.9% | ||||||||
Capcom Co., Ltd. | 800 | 13 | ||||||
CSK Holdings Corp. * | 13,600 | 51 | ||||||
eAccess Ltd. | 20 | 14 | ||||||
Fuji Soft, Inc. | 1,300 | 23 | ||||||
Hitachi Information Systems Ltd. | 500 | 16 | ||||||
Hitachi Software Engineering Co., Ltd. | 500 | 14 | ||||||
ITOCHU Techno-Solutions Corp. | 400 | 11 | ||||||
Konami Corp. | 2,100 | 38 | ||||||
NEC Fielding Ltd. | 1,000 | 15 | ||||||
Net One Systems Co., Ltd. | 6 | 8 | ||||||
Nihon Unisys Ltd. | 2,000 | 17 | ||||||
Nomura Research Institute Ltd. | 2,900 | 63 | ||||||
NS Solutions Corp. | 500 | 9 | ||||||
OBIC Co., Ltd. | 80 | 14 | ||||||
Oracle Corp. | 200 | 9 | ||||||
OTSUKA Corp. | 400 | 21 | ||||||
Square Enix Holdings Co., Ltd. | 700 | 17 | ||||||
Sumisho Computer Systems Corp. | 500 | 8 | ||||||
Tecmo Koei Holdings Co., Ltd. | 1,000 | 8 | ||||||
Trans Cosmos, Inc. * | 1,600 | 14 | ||||||
Trend Micro, Inc. | 1,000 | 35 | ||||||
418 | ||||||||
Technology Hardware & Equipment 1.7% | ||||||||
Anritsu Corp. | 3,000 | 11 | ||||||
Canon Electronics, Inc. | 1,000 | 20 | ||||||
Canon Finetech, Inc. | 600 | 8 | ||||||
Cmk Corp. | 2,000 | 14 | ||||||
Eizo Nanao Corp. | 1,000 | 24 | ||||||
Hamamatsu Photonics K.K. | 1,000 | 25 | ||||||
Hirose Electric Co., Ltd. | 400 | 41 | ||||||
Hitachi Kokusai Electric, Inc. | 2,000 | 15 | ||||||
Hitachi Maxell Ltd. | 1,200 | 22 | ||||||
HORIBA Ltd. | 1,000 | 24 | ||||||
Hosiden Corp. | 2,500 | 30 | ||||||
Japan Aviation Electronics Industry Ltd. | 2,000 | 12 | ||||||
Japan Radio Co., Ltd. | 7,000 | 14 | ||||||
Kaga Electronics Co., Ltd. | 1,000 | 10 | ||||||
Mabuchi Motor Co., Ltd. | 1,500 | 72 | ||||||
Mitsumi Electric Co., Ltd. | 3,100 | 63 | ||||||
Nichicon Corp. | 2,000 | 20 | ||||||
Nidec Sankyo Corp. | 2,000 | 15 | ||||||
Nippon Chemi-Con Corp. | 6,000 | 22 | ||||||
Ryoden Trading Co., Ltd. | 2,000 | 11 | ||||||
Ryosan Co., Ltd. | 1,500 | 36 | ||||||
Ryoyo Electro Corp. | 1,000 | 8 | ||||||
Sanshin Electronics Co., Ltd. | 1,000 | 8 | ||||||
Shimadzu Corp. | 3,000 | 21 | ||||||
Shinko Shoji Co., Ltd. | 1,000 | 8 | ||||||
Star Micronics Co., Ltd. | 1,000 | 8 | ||||||
Taiyo Yuden Co., Ltd. | 5,000 | 56 | ||||||
Topcon Corp. | 1,000 | 6 | ||||||
Toshiba Tec Corp. | 6,000 | 24 | ||||||
Uniden Corp. * | 6,000 | 14 | ||||||
Yamatake Corp. | 1,000 | 21 | ||||||
YASKAWA Electric Corp. | 6,000 | 47 | ||||||
Yokogawa Electric Corp. | 9,700 | 79 | ||||||
809 | ||||||||
Transportation 0.8% | ||||||||
Daiichi Chuo Kisen Kaisha | 5,000 | 12 | ||||||
Fukuyama Transporting Co., Ltd. | 2,000 | 10 | ||||||
Hitachi Transport System Ltd. | 1,000 | 13 | ||||||
Iino Kaiun Kaisha Ltd. | 1,000 | 4 | ||||||
Japan Airport Terminal Co., Ltd. | 1,000 | 14 | ||||||
Kamigumi Co., Ltd. | 4,000 | 30 | ||||||
Keihin Electric Express Railway Co., Ltd. | 4,000 | 32 | ||||||
Keisei Electric Railway Co., Ltd. | 5,000 | 28 | ||||||
Kintetsu World Express, Inc. | 1,000 | 23 | ||||||
Mitsubishi Logistics Corp. | 3,000 | 33 | ||||||
Mitsui-Soko Co., Ltd. | 2,000 | 7 | ||||||
Nippon Konpo Unyu Soko Co., Ltd. | 1,000 | 11 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 5,000 | 19 | ||||||
Nissin Corp. | 2,000 | 5 | ||||||
Sankyu, Inc. | 7,000 | 31 | ||||||
Seino Holdings Co., Ltd. | 7,000 | 52 | ||||||
Senko Co., Ltd. | 2,000 | 7 | ||||||
Shinwa Kaiun Kaisha Ltd. | 1,000 | 3 | ||||||
Sotetsu Holdings, Inc. | 4,000 | 17 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
The Sumitomo Warehouse Co., Ltd. | 3,000 | 13 | ||||||
Tonami Transportation Co., Ltd. | 1,000 | 3 | ||||||
Yusen Air & Sea Service Co., Ltd. | 600 | 8 | ||||||
375 | ||||||||
Utilities 0.1% | ||||||||
Saibu Gas Co., Ltd. | 4,000 | 11 | ||||||
Shizuoka Gas Co., Ltd. | 2,000 | 15 | ||||||
The Okinawa Electric Power Co., Inc. | 400 | 22 | ||||||
Tokai Corp. | 1,000 | 6 | ||||||
54 | ||||||||
11,106 | ||||||||
Liechtenstein 0.1% | ||||||||
Banks 0.1% | ||||||||
Liechtensteinische Landesbank AG | 291 | 19 | ||||||
Diversified Financials 0.0% | ||||||||
Verwaltungs-und Privat-Bank AG | 177 | 19 | ||||||
38 | ||||||||
Luxembourg 0.3% | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Bellevue Funds * | 1,163 | 51 | ||||||
Real Estate 0.1% | ||||||||
Gagfah S.A. | 5,458 | 52 | ||||||
Telecommunication Services 0.1% | ||||||||
COLT Telecom Group S.A. * | 19,038 | 38 | ||||||
141 | ||||||||
Netherlands 3.4% | ||||||||
Capital Goods 0.9% | ||||||||
Aalberts Industries N.V. | 4,545 | 57 | ||||||
Arcadis N.V. | 1,083 | 22 | ||||||
Draka Holdings N.V. * | 2,962 | 55 | ||||||
Heijmans N.V., CVA * | 5,073 | 90 | ||||||
Imtech N.V. | 2,229 | 57 | ||||||
Koninklijke Boskalis Westminster N.V. | 1,178 | 41 | ||||||
Wavin N.V. | 45,640 | 94 | ||||||
416 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
USG People N.V. * | 3,223 | 56 | ||||||
Consumer Durables & Apparel 0.2% | ||||||||
Koninklijke Ten Cate N.V. | 908 | 22 | ||||||
TomTom N.V. * | 5,478 | 52 | ||||||
74 | ||||||||
Diversified Financials 0.1% | ||||||||
Kardan N.V. * | 3,409 | 25 | ||||||
Energy 0.3% | ||||||||
Fugro N.V., CVA | 1,468 | 82 | ||||||
SBM Offshore N.V. | 2,853 | 54 | ||||||
136 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Sligro Food Group N.V. | 380 | 12 | ||||||
Super De Boer * | 7,523 | 52 | ||||||
64 | ||||||||
Food, Beverage & Tobacco 0.4% | ||||||||
CSM | 3,908 | 103 | ||||||
Koninklijike Wessanen N.V. * | 6,500 | 36 | ||||||
Nutreco Holding N.V. | 1,232 | 62 | ||||||
201 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Mediq N.V. | 3,505 | 55 | ||||||
Materials 0.1% | ||||||||
AMG Advanced Metallurgical Group N.V. * | 1,636 | 22 | ||||||
Media 0.0% | ||||||||
Telegraaf Media Groep N.V. | 778 | 15 | ||||||
Real Estate 0.5% | ||||||||
Eurocommercial Properties N.V., CVA | 1,209 | 52 | ||||||
Nieuwe Steen Investments N.V. | 1,394 | 27 | ||||||
Vastned Offices/Industrial N.V. | 1,522 | 26 | ||||||
VastNed Retail N.V. | 790 | 53 | ||||||
Wereldhave N.V. | 690 | 67 | ||||||
225 | ||||||||
Retailing 0.1% | ||||||||
Macintosh Retail Group N.V. | 1,099 | 23 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASM International N.V. * | 2,787 | 57 | ||||||
Software & Services 0.0% | ||||||||
Exact Holding N.V. | 544 | 15 | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Gemalto N.V. * | 1,222 | 51 | ||||||
Oce N.V. * | 16,541 | 105 | ||||||
156 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Transportation 0.1% | ||||||||
Koninklijke Vopak N.V. * | 372 | 25 | ||||||
Smit Internationale N.V. | 275 | 22 | ||||||
47 | ||||||||
1,587 | ||||||||
New Zealand 0.7% | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Fisher & Paykel Appliances Holdings Ltd. | 108,832 | 51 | ||||||
Consumer Services 0.1% | ||||||||
Sky City Entertainment Group Ltd. | 15,974 | 39 | ||||||
Materials 0.1% | ||||||||
Nufarm Ltd. | 4,954 | 51 | ||||||
Media 0.1% | ||||||||
Sky Network Television Ltd. | 5,722 | 19 | ||||||
Real Estate 0.1% | ||||||||
AMP NZ Office Trust | 25,104 | 15 | ||||||
Goodman Property Trust | 12,340 | 9 | ||||||
Kiwi Income Property Trust | 24,067 | 19 | ||||||
43 | ||||||||
Retailing 0.0% | ||||||||
The Warehouse Group Ltd. | 4,231 | 14 | ||||||
Transportation 0.1% | ||||||||
Air New Zealand Ltd. | 29,360 | 27 | ||||||
Auckland International Airport Ltd. | 25,328 | 37 | ||||||
64 | ||||||||
Utilities 0.1% | ||||||||
Contact Energy Ltd. * | 11,253 | 50 | ||||||
Vector Ltd. | 7,288 | 10 | ||||||
60 | ||||||||
341 | ||||||||
Norway 2.0% | ||||||||
Banks 0.2% | ||||||||
Sparebanken 1 SMN | 4,946 | 44 | ||||||
Sparebanken Rogaland | 6,261 | 49 | ||||||
93 | ||||||||
Capital Goods 0.1% | ||||||||
Renewable Energy Corp. A/S * | 2,600 | 15 | ||||||
Veidekke A.S.A. | 4,661 | 36 | ||||||
51 | ||||||||
Diversified Financials 0.1% | ||||||||
ABG Sundal Collier Holding A.S.A. | 26,516 | 35 | ||||||
Energy 0.6% | ||||||||
DNO International A.S.A. * | 30,415 | 24 | ||||||
Dockwise Ltd. * | 22,808 | 33 | ||||||
DOF A.S.A. * | 1,764 | 10 | ||||||
Fred. Olsen Energy A.S.A. | 541 | 21 | ||||||
Golar LNG Ltd. | 1,668 | 21 | ||||||
Petroleum Geo-Services A.S.A. * | 12,518 | 118 | ||||||
Subsea 7, Inc. * | 3,699 | 52 | ||||||
TGS Nopec Geophysical Co., A.S.A. * | 2,462 | 37 | ||||||
316 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Austevoll Seafood A.S.A. * | 2,666 | 16 | ||||||
Cermaq A.S.A. * | 3,708 | 32 | ||||||
Leroy Seafood Group A.S.A. | 660 | 12 | ||||||
Marine Harvest * | 100,914 | 73 | ||||||
133 | ||||||||
Media 0.2% | ||||||||
Schibsted A.S.A. * | 5,599 | 92 | ||||||
Real Estate 0.2% | ||||||||
Norwegian Property A.S.A. * | 49,152 | 93 | ||||||
Software & Services 0.1% | ||||||||
Atea A.S.A. | 5,295 | 35 | ||||||
EDB Business Partner A.S.A. * | 2,462 | 11 | ||||||
46 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Tandberg A.S.A. | 1,011 | 27 | ||||||
Transportation 0.1% | ||||||||
Stolt-Nielsen S.A. | 2,243 | 31 | ||||||
917 | ||||||||
Portugal 0.4% | ||||||||
Banks 0.0% | ||||||||
Banif, SGPS, S.A. — Reg’d | 5,376 | 10 | ||||||
Capital Goods 0.1% | ||||||||
Mota-Engil, SGPS, S.A. | 3,132 | 19 | ||||||
Teixeira Duarte-Engenharia e Construcoes S.A. * | 22,112 | 35 | ||||||
54 | ||||||||
Materials 0.1% | ||||||||
Portucel-Empresa Produtora de Pasta e Papel S.A. | 6,134 | 17 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Semapa — Sociedade de Investimento e Gestao, SGPS, S.A. | 1,359 | 15 | ||||||
Sonae Industria-SGPS, S.A. * | 9,087 | 33 | ||||||
65 | ||||||||
Media 0.1% | ||||||||
Zon Multimedia-Servicos de Telecomunicacoes e Multimedia SGPS S.A. | 6,167 | 39 | ||||||
Retailing 0.0% | ||||||||
SAG GEST — Solucos Automovel Globais, SGPS, S.A. | 6,290 | 13 | ||||||
Telecommunication Services 0.1% | ||||||||
Sonaecom, SGPS, S.A. * | 7,558 | 22 | ||||||
203 | ||||||||
Singapore 2.7% | ||||||||
Capital Goods 0.2% | ||||||||
Cosco Corp.(Singapore) Ltd. | 19,431 | 15 | ||||||
Haw Par Corp., Ltd. | 7,000 | 28 | ||||||
Hong Leong Asia Ltd. | 18,000 | 26 | ||||||
SembCorp Marine Ltd. | 12,048 | 30 | ||||||
99 | ||||||||
Consumer Services 0.1% | ||||||||
Hotel Properties Ltd. | 21,000 | 31 | ||||||
Diversified Financials 0.2% | ||||||||
First Ship Lease Trust | 32,000 | 13 | ||||||
Kim Eng Holdings Ltd. | 11,120 | 16 | ||||||
Macquarie International Infrastructure Fund Ltd. | 72,000 | 21 | ||||||
Singapore Exchange Ltd. | 13,000 | 74 | ||||||
124 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Olam International Ltd. | 27,704 | 53 | ||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Cerebos Pacific Ltd. | 4,000 | 10 | ||||||
China Fishery Group Ltd. * | 38,900 | 33 | ||||||
Golden Agri-Resources Ltd. * | 216,554 | 65 | ||||||
Indofood Agri Resources Ltd. * | 17,000 | 20 | ||||||
128 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Parkway Holdings Ltd. | 9,866 | 18 | ||||||
Real Estate 1.1% | ||||||||
Allgreen Properties Ltd. | 32,000 | 26 | ||||||
Ascendas Real Estate Investment Trust (A-REIT) | 30,000 | 39 | ||||||
CapitaCommercial Trust | 105,302 | 79 | ||||||
CapitaMall Trust | 65,000 | 73 | ||||||
CDL Hospitality Trusts | 31,000 | 35 | ||||||
Fortune REIT | 58,000 | 21 | ||||||
Guocoland Ltd. | 6,000 | 8 | ||||||
K-REIT Asia | 11,000 | 8 | ||||||
Keppel Land Ltd. | 28,000 | 56 | ||||||
Mapletree Logistics Trust | 38,000 | 20 | ||||||
Singapore Land Ltd. | 8,000 | 31 | ||||||
UOL Group Ltd. | 25,000 | 60 | ||||||
Wing Tai Holdings Ltd. | 23,000 | 27 | ||||||
Yanlord Land Group Ltd. | 14,000 | 22 | ||||||
505 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Chartered Semiconductor Manufacturing Ltd. * | 22,500 | 42 | ||||||
STATS ChipPAC Ltd. * | 25,000 | 15 | ||||||
57 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Venture Corp., Ltd. | 12,368 | 79 | ||||||
Telecommunication Services 0.1% | ||||||||
MobileOne Ltd. | 13,000 | 16 | ||||||
StarHub Ltd. | 9,000 | 12 | ||||||
28 | ||||||||
Transportation 0.3% | ||||||||
ComfortDelGro Corp., Ltd. | 44,102 | 48 | ||||||
SIA Engineering Co., Ltd. | 7,205 | 14 | ||||||
Singapore Airport Terminal Services Ltd. | 25,749 | 45 | ||||||
Singapore Post Ltd. | 26,000 | 18 | ||||||
SMRT Corp., Ltd. | 7,000 | 8 | ||||||
133 | ||||||||
1,255 | ||||||||
Spain 1.9% | ||||||||
Banks 0.2% | ||||||||
Banco de Valencia S.A. | 1,545 | 13 | ||||||
Banco Pastor S.A. | 4,076 | 30 | ||||||
Bankinter S.A. | 4,138 | 44 | ||||||
87 | ||||||||
Capital Goods 0.3% | ||||||||
Abengoa S.A. | 1,214 | 32 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 44 | 22 | ||||||
Fluidra S.A. | 2,601 | 12 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Obrascon Huarte Lain S.A. | 2,700 | 72 | ||||||
138 | ||||||||
Commercial & Professional Supplies 0.0% | ||||||||
Prosegur, Compania de Seguridad S.A. - Reg’d | 522 | 22 | ||||||
Consumer Services 0.3% | ||||||||
Codere S.A. * | 1,135 | 11 | ||||||
NH Hoteles S.A. * | 17,009 | 89 | ||||||
Sol Melia S.A. | 3,563 | 31 | ||||||
131 | ||||||||
Diversified Financials 0.2% | ||||||||
Bolsas y Mercados Espanoles | 1,622 | 54 | ||||||
Corporacion Financiera Alba S.A. | 625 | 33 | ||||||
87 | ||||||||
Energy 0.0% | ||||||||
Tecnicas Reunidas S.A. | 355 | 19 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Campofrio Food Group S.A. | 944 | 10 | ||||||
Ebro Puleva S.A. | 3,277 | 63 | ||||||
Pescanova S.A. | 265 | 9 | ||||||
Sos Corp. Alimentaria S.A. * | 3,435 | 10 | ||||||
92 | ||||||||
Insurance 0.1% | ||||||||
Grupo Catalana Occidente S.A. | 1,587 | 38 | ||||||
Materials 0.1% | ||||||||
Cementos Portland Valderrivas S.A. | 730 | 34 | ||||||
Ercros S.A. * | 3,614 | 7 | ||||||
Grupo Empresarial Ence S.A. * | 5,147 | 21 | ||||||
La Seda de Barcelona S.A., Class B * | 15,006 | 8 | ||||||
Tubos Reunidos S.A. | 3,015 | 9 | ||||||
79 | ||||||||
Media 0.2% | ||||||||
Antena 3 de Television S.A. * | 3,534 | 30 | ||||||
Promotora de Informaciones S.A. (Prisa) * | 11,323 | 54 | ||||||
84 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Almirall S.A. | 933 | 12 | ||||||
Grifols S.A. | 995 | 16 | ||||||
28 | ||||||||
Real Estate 0.0% | ||||||||
Realia Business S.A. * | 4,472 | 12 | ||||||
Software & Services 0.1% | ||||||||
Indra Sistemas S.A. | 1,747 | 41 | ||||||
Transportation 0.1% | ||||||||
Cintra Concesiones de Infraestructuras de Transporte S.A. | 3,136 | 32 | ||||||
890 | ||||||||
Sweden 3.7% | ||||||||
Capital Goods 1.3% | ||||||||
Alfa Laval AB | 4,739 | 58 | ||||||
Cardo AB | 858 | 23 | ||||||
Haldex AB * | 3,239 | 28 | ||||||
Hexagon AB, Class B | 5,211 | 68 | ||||||
Lindab International AB | 4,257 | 45 | ||||||
Peab AB | 7,731 | 49 | ||||||
Saab AB, Class B | 2,810 | 37 | ||||||
Trelleborg AB, B Shares * | 48,622 | 295 | ||||||
603 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Intrum Justitia AB | 1,285 | 16 | ||||||
Niscayah Group AB | 18,790 | 44 | ||||||
60 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
JM AB * | 3,801 | 56 | ||||||
Nobia AB * | 6,695 | 42 | ||||||
98 | ||||||||
Diversified Financials 0.2% | ||||||||
D. Carnegie & Co. AB (a)* | 851 | — | ||||||
Investment AB Oresund | 1,087 | 19 | ||||||
Ratos AB, B Shares | 3,441 | 80 | ||||||
99 | ||||||||
Energy 0.1% | ||||||||
Lundin Petroleum AB * | 5,208 | 44 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Axfood AB | 958 | 28 | ||||||
Hakon Invest AB | 1,605 | 27 | ||||||
55 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
AarhusKarlshamn AB | 1,042 | 21 | ||||||
Swedish Match AB | 2,653 | 55 | ||||||
76 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Getinge AB, Class B | 3,858 | 72 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Materials 0.2% | ||||||||
Billerud * | 16,616 | 92 | ||||||
Media 0.7% | ||||||||
Eniro AB * | 39,055 | 180 | ||||||
Modern Times Group, B Shares | 3,167 | 137 | ||||||
317 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Meda AB, A Shares | 2,678 | 24 | ||||||
Real Estate 0.4% | ||||||||
Castellum AB | 2,000 | 19 | ||||||
Fabege AB | 8,174 | 47 | ||||||
Hufvudstaden AB, A Shares | 1,586 | 13 | ||||||
Klovern AB | 4,155 | 13 | ||||||
Kungsleden AB | 7,530 | 52 | ||||||
Wallenstam AB, Class B | 1,445 | 24 | ||||||
168 | ||||||||
1,708 | ||||||||
Switzerland 3.4% | ||||||||
Automobiles & Components 0.2% | ||||||||
Rieter Holding AG — Reg’d * | 367 | 82 | ||||||
Banks 0.1% | ||||||||
Banque Cantonale Vaudoise — Reg’d | 52 | 20 | ||||||
Basler Kantonalbank | 311 | 36 | ||||||
St. Galler Kantonalbank — Reg’d | 32 | 14 | ||||||
70 | ||||||||
Capital Goods 0.9% | ||||||||
Bobst Group AG * | 469 | 17 | ||||||
Bucher Industries AG — Reg’d | 308 | 33 | ||||||
Daetwyler Holding AG | 286 | 14 | ||||||
Geberit AG — Reg’d | 406 | 67 | ||||||
Georg Fischer AG — Reg’d * | 324 | 85 | ||||||
Implenia AG * | 1,015 | 28 | ||||||
Kaba Holding AG, Class B — Reg’d | 89 | 21 | ||||||
OC Oerlikon Corp. AG — Reg’d * | 1,233 | 78 | ||||||
Sulzer AG — Reg’d | 821 | 64 | ||||||
407 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
AFG Arbonia-Forster Holding AG * | 1,563 | 33 | ||||||
Forbo Holding AG — Reg’d * | 152 | 43 | ||||||
Metall Zug AG | 6 | 14 | ||||||
90 | ||||||||
Consumer Services 0.1% | ||||||||
Kuoni Reisen Holding AG — Reg’d | 86 | 29 | ||||||
Diversified Financials 0.3% | ||||||||
Athris Holding AG * | 10 | 10 | ||||||
Bank Sarasin & Cie AG Class B — Reg’d * | 778 | 31 | ||||||
Compagnie Financiere Tradition S.A. | 78 | 10 | ||||||
EFG International AG | 1,584 | 27 | ||||||
Gottex Fund Management Holdings Ltd. | 1,635 | 14 | ||||||
Partners Group Holding AG | 100 | 12 | ||||||
Vontobel Holding AG — Reg’d | 975 | 31 | ||||||
135 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Aryzta AG * | 1,315 | 52 | ||||||
Barry Callebaut AG — Reg’d * | 41 | 23 | ||||||
Bell Holding AG — Reg’d | 10 | 15 | ||||||
Emmi AG — Reg’d | 93 | 11 | ||||||
Lindt & Spruengli AG | 5 | 11 | ||||||
Lindt & Spruengli AG — Reg’d | 1 | 25 | ||||||
137 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Galenica AG — Reg’d | 44 | 15 | ||||||
Nobel Biocare Holding AG — Reg’d | 1,431 | 41 | ||||||
Sonova Holding AG — Reg’d | 525 | 54 | ||||||
Straumann Holding AG — Reg’d | 41 | 10 | ||||||
120 | ||||||||
Materials 0.3% | ||||||||
EMS-Chemie Holding AG — Reg’d | 331 | 37 | ||||||
Schmolz & Bickenbach AG — Reg’d | 2,132 | 58 | ||||||
Sika AG | 31 | 42 | ||||||
137 | ||||||||
Media 0.1% | ||||||||
PubliGroupe S.A. — Reg’d * | 316 | 30 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Actelion Ltd. — Reg’d * | 231 | 13 | ||||||
Lonza Group AG — Reg’d | 448 | 35 | ||||||
48 | ||||||||
Real Estate 0.2% | ||||||||
Allreal Holding AG — Reg’d | 141 | 17 | ||||||
PSP Swiss Property AG — Reg’d * | 570 | 32 | ||||||
Swiss Prime Site AG — Reg’d * | 630 | 35 | ||||||
84 | ||||||||
Retailing 0.2% | ||||||||
Charles Vogele Holding AG * | 396 | 16 | ||||||
Dufry Group — Reg’d * | 509 | 32 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Valora Holding AG — Reg’d | 146 | 35 | ||||||
83 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Kudelski S.A. | 1,055 | 21 | ||||||
Logitech International S.A. — Reg’d * | 3,260 | 56 | ||||||
77 | ||||||||
Transportation 0.0% | ||||||||
Flughafen Zuerich AG — Reg’d | 66 | 19 | ||||||
Utilities 0.0% | ||||||||
Romande Energie Holding S.A. — Reg’d | 8 | 16 | ||||||
1,564 | ||||||||
United Kingdom 14.1% | ||||||||
Banks 0.2% | ||||||||
Paragon Group Cos. plc | 34,497 | 82 | ||||||
Capital Goods 2.7% | ||||||||
Ashtead Group plc | 59,300 | 78 | ||||||
Bodycote plc | 13,325 | 36 | ||||||
BSS Group plc | 3,272 | 14 | ||||||
Carillion plc | 12,836 | 62 | ||||||
Charter International plc | 5,553 | 63 | ||||||
Cobham plc | 14,525 | 52 | ||||||
Cookson Group plc * | 21,676 | 129 | ||||||
Fenner plc | 11,506 | 30 | ||||||
Galliford Try plc | 7,508 | 42 | ||||||
IMI plc | 11,794 | 83 | ||||||
Interserve plc | 9,311 | 36 | ||||||
Keller Group plc | 3,008 | 35 | ||||||
Kier Group plc | 2,484 | 39 | ||||||
Meggitt plc | 20,742 | 83 | ||||||
Melrose plc | 9,732 | 27 | ||||||
Morgan Crucible Co. plc | 12,974 | 33 | ||||||
Morgan Sindall plc | 2,289 | 21 | ||||||
Qinetiq Group plc | 15,490 | 42 | ||||||
SIG plc | 90,582 | 176 | ||||||
Speedy Hire plc | 67,419 | 40 | ||||||
Spirax-Sarco Engineering plc | 1,548 | 28 | ||||||
The Weir Group plc | 6,175 | 71 | ||||||
Ultra Electronics Holdings plc | 850 | 19 | ||||||
VT Group plc | 3,612 | 32 | ||||||
1,271 | ||||||||
Commercial & Professional Supplies 1.3% | ||||||||
Aggreko plc | 4,607 | 57 | ||||||
Babcock International Group plc | 3,333 | 33 | ||||||
Capita Group plc | 5,237 | 65 | ||||||
De La Rue plc | 1,951 | 29 | ||||||
Hays plc | 45,273 | 73 | ||||||
Homeserve plc | 1,441 | 38 | ||||||
Intertek Group plc | 2,028 | 42 | ||||||
Michael Page International plc | 5,342 | 28 | ||||||
Mitie Group plc | 8,028 | 31 | ||||||
Regus plc | 17,962 | 30 | ||||||
Serco Group plc | 6,436 | 53 | ||||||
Shanks Group plc | 32,232 | 46 | ||||||
The Davis Service Group plc | 10,043 | 69 | ||||||
WS Atkins plc | 2,978 | 28 | ||||||
622 | ||||||||
Consumer Durables & Apparel 0.6% | ||||||||
Bellway plc | 5,992 | 72 | ||||||
Bovis Homes Group plc | 5,931 | 40 | ||||||
Burberry Group plc | 9,131 | 80 | ||||||
Redrow plc * | 24,165 | 56 | ||||||
The Berkeley Group Holdings plc * | 3,064 | 43 | ||||||
291 | ||||||||
Consumer Services 0.4% | ||||||||
Greene King plc | 9,814 | 63 | ||||||
J.D. Wetherspoon plc | 3,929 | 30 | ||||||
Marston’s plc | 43,804 | 62 | ||||||
Millennium & Copthorne Hotels plc | 3,687 | 20 | ||||||
PartyGaming plc * | 3,897 | 15 | ||||||
Restaurant Group plc | 5,319 | 16 | ||||||
206 | ||||||||
Diversified Financials 1.2% | ||||||||
Aberdeen Asset Management plc | 15,461 | 33 | ||||||
Ashmore Group plc | 6,641 | 30 | ||||||
Cattles plc (a)* | 247,655 | 14 | ||||||
Close Brothers Group plc | 6,109 | 70 | ||||||
Collins Stewart plc | 12,106 | 16 | ||||||
F&C Asset Management plc | 25,309 | 31 | ||||||
IG Group Holdings plc | 3,195 | 16 | ||||||
Intermediate Capital Group plc | 42,508 | 177 | ||||||
International Personal Finance | 12,091 | 40 | ||||||
Provident Financial plc | 4,453 | 68 | ||||||
Tullett Prebon plc | 10,052 | 60 | ||||||
555 | ||||||||
Energy 0.8% | ||||||||
Cairn Energy plc * | 933 | 40 | ||||||
Dana Petroleum plc * | 1,740 | 36 | ||||||
Hunting plc | 4,310 | 37 | ||||||
John Wood Group plc | 8,031 | 42 | ||||||
Petrofac Ltd. | 2,633 | 41 | ||||||
Premier Oil plc * | 2,436 | 47 | ||||||
Tullow Oil plc | 3,944 | 76 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
UK Coal plc * | 14,611 | 21 | ||||||
Venture Production plc | 3,066 | 43 | ||||||
383 | ||||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Britvic plc | 8,321 | 48 | ||||||
Dairy Crest Group plc | 9,503 | 62 | ||||||
Greggs plc | 2,114 | 15 | ||||||
Northern Foods plc | 38,648 | 40 | ||||||
Robert Wiseman Dairies plc | 1,203 | 9 | ||||||
174 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Southern Cross Healthcare Ltd. * | 7,848 | 16 | ||||||
SSL International plc | 2,735 | 28 | ||||||
44 | ||||||||
Household & Personal Products 0.1% | ||||||||
McBride plc | 6,844 | 25 | ||||||
PZ Cussons plc | 3,523 | 14 | ||||||
39 | ||||||||
Insurance 0.5% | ||||||||
Admiral Group plc | 2,421 | 41 | ||||||
Beazley plc | 9,841 | 17 | ||||||
Brit Insurance Holdings plc | 15,472 | 53 | ||||||
Catlin Group Ltd. | 9,345 | 50 | ||||||
Chaucer Holdings plc | 21,130 | 16 | ||||||
Hiscox Ltd. | 8,544 | 45 | ||||||
Jardine Lloyd Thompson Group plc | 2,387 | 18 | ||||||
St. James’s Place plc | 3,024 | 13 | ||||||
253 | ||||||||
Materials 0.9% | ||||||||
Aquarius Platinum Ltd. * | 7,589 | 32 | ||||||
Croda International plc | 2,976 | 36 | ||||||
DS Smith plc | 42,582 | 81 | ||||||
Elementis plc | 20,925 | 22 | ||||||
Ferrexpo plc | 5,604 | 14 | ||||||
Filtrona plc | 7,076 | 19 | ||||||
Gem Diamonds Ltd. * | 10,351 | 39 | ||||||
Hochschild Mining plc | 2,110 | 10 | ||||||
Marshalls plc | 20,356 | 32 | ||||||
Petropavlovsk plc * | 4,445 | 76 | ||||||
Yule Catto & Co. plc * | 14,037 | 39 | ||||||
400 | ||||||||
Media 0.6% | ||||||||
Euromoney Institutional Investor plc | 2,458 | 15 | ||||||
Informa plc | 17,888 | 86 | ||||||
Johnston Press plc * | 329,297 | 152 | ||||||
Taylor Nelson Sofres plc * | 5,062 | 23 | ||||||
276 | ||||||||
Real Estate 0.8% | ||||||||
Big Yellow Group plc * | 5,173 | 33 | ||||||
CLS Holdings plc * | 3,034 | 23 | ||||||
Daejan Holdings plc | 306 | 13 | ||||||
Derwent London plc | 4,062 | 83 | ||||||
Grainger plc | 6,213 | 29 | ||||||
Great Portland Estates plc | 11,509 | 46 | ||||||
Invista Foundation Property Trust Ltd. | 53,420 | 39 | ||||||
Mapeley Ltd. (a)* | 2,199 | — | ||||||
Savills plc | 3,183 | 17 | ||||||
Shaftesbury plc | 6,296 | 39 | ||||||
St. Modwen Properties plc * | 4,087 | 15 | ||||||
Workspace Group plc | 90,007 | 30 | ||||||
367 | ||||||||
Retailing 1.5% | ||||||||
Carpetright plc | 2,127 | 31 | ||||||
Debenhams plc | 115,657 | 147 | ||||||
Galiform plc * | 96,012 | 118 | ||||||
Game Group plc | 5,962 | 14 | ||||||
Halfords Group plc | 6,211 | 40 | ||||||
Headlam Group plc | 3,641 | 19 | ||||||
HMV Group plc | 18,828 | 34 | ||||||
JJB Sports plc * | 231,004 | 113 | ||||||
Mothercare plc | 3,250 | 31 | ||||||
N Brown Group plc | 3,713 | 16 | ||||||
Smiths News plc | 19,601 | 39 | ||||||
Sports Direct International | 18,312 | 29 | ||||||
WH Smith plc | 5,331 | 44 | ||||||
675 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
ARM Holdings plc | 13,060 | 32 | ||||||
CSR plc * | 5,784 | 42 | ||||||
74 | ||||||||
Software & Services 0.4% | ||||||||
Autonomy Corp. plc * | 1,118 | 25 | ||||||
Computacenter plc | 12,533 | 58 | ||||||
Dimension Data Holdings plc | 54,128 | 63 | ||||||
Misys plc * | 13,375 | 45 | ||||||
Xchanging plc | 2,762 | 10 | ||||||
201 | ||||||||
Technology Hardware & Equipment 0.4% | ||||||||
Electrocomponents plc | 20,369 | 49 | ||||||
Halma plc | 6,038 | 23 | ||||||
Laird plc | 22,923 | 55 | ||||||
Premier Farnell plc | 12,511 | 29 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Spectris plc | 4,036 | 45 | ||||||
201 | ||||||||
Telecommunication Services 0.2% | ||||||||
Inmarsat plc | 4,493 | 41 | ||||||
KCOM Group plc | 58,646 | 39 | ||||||
80 | ||||||||
Transportation 0.6% | ||||||||
Air Berlin plc * | 4,972 | 25 | ||||||
BBA Aviation plc | 35,553 | 90 | ||||||
Forth Ports plc | 1,428 | 26 | ||||||
Go-Ahead Group plc | 2,641 | 61 | ||||||
Stagecoach Group plc | 20,720 | 49 | ||||||
Wincanton plc | 13,556 | 49 | ||||||
300 | ||||||||
Utilities 0.2% | ||||||||
Northumbrian Water Group plc | 9,789 | 37 | ||||||
Pennon Group plc | 7,409 | 55 | ||||||
92 | ||||||||
6,586 | ||||||||
United States 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Perrigo Co. | 771 | 28 | ||||||
Total Common Stock (Cost $41,590) | 46,260 | |||||||
Preferred Stock 0.4% of net assets | ||||||||
Germany 0.4% | ||||||||
Capital Goods 0.1% | ||||||||
Jungheinrich AG | 2,854 | 53 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Hugo Boss AG | 1,518 | 57 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Draegerwerk AG & Co. KGAA | 1,032 | 37 | ||||||
Materials 0.0% | ||||||||
Dyckerhoff AG | 238 | 15 | ||||||
Fuchs Petrolub AG | 175 | 14 | ||||||
29 | ||||||||
Transportation 0.1% | ||||||||
Sixt AG | 1,541 | 33 | ||||||
Total Preferred Stock (Cost $178) | 209 | |||||||
Rights 0.1% of net assets | ||||||||
Australia 0.1% | ||||||||
Capital Goods 0.0% | ||||||||
CSR Ltd. (a)* | 11,791 | 3 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Australian Pharmaceutical (a)* | 22,666 | 2 | ||||||
Real Estate 0.1% | ||||||||
ING Industrial Fund (a)* | 657,016 | 20 | ||||||
25 | ||||||||
Bermuda 0.0% | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
First Pacific Co., Ltd. (a)* | 11,800 | 2 | ||||||
Hong Kong 0.0% | ||||||||
Real Estate 0.0% | ||||||||
New World China Land Ltd. * | 22,200 | 1 | ||||||
Norway 0.0% | ||||||||
Banks 0.0% | ||||||||
Sparebank * | 659 | 1 | ||||||
Energy 0.0% | ||||||||
Dockwise Ltd. (a)* | 6,076 | 1 | ||||||
2 | ||||||||
Singapore 0.0% | ||||||||
Real Estate 0.0% | ||||||||
K-REIT Asia * | 11,000 | 1 | ||||||
United Kingdom 0.0% | ||||||||
Technology Hardware & Equipment 0.0% | ||||||||
Laird plc * | 11,461 | 8 | ||||||
Total Rights (Cost $8) | 39 | |||||||
Warrants 0.0% of net assets | ||||||||
Hong Kong 0.0% | ||||||||
Energy 0.0% | ||||||||
HKC Holdings Ltd. * | 7,600 | — | ||||||
Hong Kong Energy Holdings Ltd. * | 524 | — | ||||||
Total Warrants (Cost $—) | — | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.3% of net assets | ||||||||
Wells Fargo, San Francisco Time Deposit 0.03%, 11/02/09 | 149 | 149 | ||||||
Total Short-Term Investment (Cost $149) | 149 | |||||||
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
92.4 | % | Common Stock | 89,073 | 110,112 | ||||||||
8.9 | % | Preferred Stock | 7,790 | 10,657 | ||||||||
— | % | Short-Term Investments | 46 | 46 | ||||||||
101.3 | % | Total Investments | 96,909 | 120,815 | ||||||||
(1.3 | )% | Other Assets and Liabilities, Net | (1,585 | ) | ||||||||
100.0 | % | Total Net Assets | 119,230 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 92.4% of net assets | ||||||||
Argentina 0.1% | ||||||||
Energy 0.1% | ||||||||
Petrobras Energia S.A., Class B * | 60,473 | 103 | ||||||
Brazil 3.1% | ||||||||
Banks 0.3% | ||||||||
Banco do Brasil S.A. | 25,500 | 408 | ||||||
Capital Goods 0.2% | ||||||||
Empresa Brasileira de Aeronautica S.A. * | 40,500 | 206 | ||||||
Energy 0.7% | ||||||||
Petroleo Brasileiro S.A. | 34,800 | 800 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Companhia de Bebidas das Americas | 400 | 30 | ||||||
Souza Cruz S.A. | 1,600 | 57 | ||||||
87 | ||||||||
Materials 1.3% | ||||||||
Companhia Siderurgica Nacional S.A. | 10,800 | 357 | ||||||
Companhia Vale do Rio Doce | 16,200 | 412 | ||||||
Gerdau S.A. | 3,200 | 37 | ||||||
Usinas Siderurgicas de Minas Gerais S.A. | 2,200 | 54 | ||||||
Votorantim Celulose e Papel S.A. * | 53,842 | 743 | ||||||
1,603 | ||||||||
Telecommunication Services 0.1% | ||||||||
Tele Norte Leste Participacoes S.A. | 1,500 | 35 | ||||||
Telesp — Telecomunicacoes de Sao Paulo S.A. | 2,800 | 62 | ||||||
Tim Participacoes S.A. * | 6,100 | 19 | ||||||
116 | ||||||||
Utilities 0.4% | ||||||||
Centrais Eletricas Brasileiras S.A. | 19,600 | 277 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo | 3,000 | 57 | ||||||
Companhia Energetica de Minas Gerais | 405 | 5 | ||||||
CPFL Energia S.A. | 2,600 | 45 | ||||||
Tractebel Energia S.A. | 4,300 | 51 | ||||||
435 | ||||||||
3,655 | ||||||||
Chile 0.5% | ||||||||
Banks 0.1% | ||||||||
Banco de Chile | 520,719 | 41 | ||||||
Banco Santander Chile S.A. | 863,914 | 44 | ||||||
85 | ||||||||
Capital Goods 0.1% | ||||||||
Empresas Copec S.A. | 11,434 | 154 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Cencosud S.A. | 15,127 | 47 | ||||||
Retailing 0.1% | ||||||||
S.A.C.I. Falabella S.A. | 10,642 | 51 | ||||||
Utilities 0.2% | ||||||||
Empresa Nacional de Electricidad S.A. | 69,319 | 106 | ||||||
Enersis S.A. | 495,368 | 176 | ||||||
282 | ||||||||
619 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
China 20.7% | ||||||||
Automobiles & Components 0.1% | ||||||||
Dongfeng Motor Group Co., Ltd., Class H | 70,000 | 83 | ||||||
Banks 5.4% | ||||||||
Bank of China Ltd., Class H | 4,241,000 | 2,460 | ||||||
Bank of Communications Co., Ltd., Class H | 229,000 | 274 | ||||||
China CITIC Bank, Class H | 525,000 | 393 | ||||||
China Construction Bank Corp., Class H | 674,000 | 581 | ||||||
China Merchants Bank Co., Ltd., Class H | 198,850 | 509 | ||||||
Industrial & Commercial Bank of China Ltd., Class H | 2,758,000 | 2,194 | ||||||
6,411 | ||||||||
Capital Goods 0.8% | ||||||||
China Communications Construction Co., Ltd., Class H | 63,000 | 68 | ||||||
China International Marine Containers (Group) Co., Ltd., Class B | 131,000 | 130 | ||||||
China Railway Construction Corp., Ltd., Class H | 185,500 | 246 | ||||||
China Railway Group Ltd., Class H * | 513,000 | 404 | ||||||
Shanghai Electric Group Co., Ltd., Class H | 332,000 | 156 | ||||||
1,004 | ||||||||
Energy 10.2% | ||||||||
China Coal Energy Co., Class H | 200,000 | 278 | ||||||
China Petroleum & Chemical Corp., Class H | 3,782,000 | 3,207 | ||||||
China Shenhua Energy Co., Ltd., Class H | 362,000 | 1,624 | ||||||
PetroChina Co., Ltd., Class H | 5,625,000 | 6,769 | ||||||
Yanzhou Coal Mining Co., Ltd., Class H | 156,000 | 241 | ||||||
12,119 | ||||||||
Insurance 1.4% | ||||||||
China Life Insurance Co., Ltd., Class H | 248,000 | 1,140 | ||||||
PICC Property & Casualty Co., Ltd., Class H * | 62,000 | 46 | ||||||
Ping An Insurance (Group) Co., of China Ltd., Class H | 52,000 | 456 | ||||||
1,642 | ||||||||
Materials 1.3% | ||||||||
Aluminum Corp. of China Ltd., Class H | 537,000 | 585 | ||||||
Angang Steel Co., Ltd., Class H | 154,000 | 284 | ||||||
Jiangxi Copper Co., Ltd., Class H | 115,000 | 261 | ||||||
Maanshan Iron & Steel Co., Ltd., Class H * | 447,000 | 269 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd., Class H * | 420,000 | 168 | ||||||
1,567 | ||||||||
Telecommunication Services 0.2% | ||||||||
China Telecom Corp., Ltd., Class H | 620,000 | 274 | ||||||
Transportation 1.0% | ||||||||
Air China Ltd., Class H * | 304,000 | 164 | ||||||
China COSCO Holdings Co., Ltd., Class H | 360,000 | 444 | ||||||
China Shipping Container Lines Co., Ltd., Class H * | 780,000 | 279 | ||||||
China Shipping Development Co., Ltd., Class H | 91,000 | 128 | ||||||
China Southern Airlines Co., Ltd., Class H * | 549,500 | 160 | ||||||
1,175 | ||||||||
Utilities 0.3% | ||||||||
Datang International Power Generation Co., Ltd., Class H | 309,000 | 147 | ||||||
Huaneng Power International, Inc., Class H | 359,000 | 229 | ||||||
376 | ||||||||
24,651 | ||||||||
Columbia 0.1% | ||||||||
Banks 0.0% | ||||||||
Bancolombia S.A. | 7,824 | 76 | ||||||
Diversified Financials 0.1% | ||||||||
Suramericana de Inversiones S.A. | 8,190 | 92 | ||||||
168 | ||||||||
Czech Republic 0.4% | ||||||||
Banks 0.1% | ||||||||
Komercni Banka A/S | 483 | 95 | ||||||
Materials 0.0% | ||||||||
Unipetrol A/S * | 6,991 | 52 | ||||||
Telecommunication Services 0.2% | ||||||||
Telefonica 02 Czech Republic A/S | 7,900 | 186 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Utilities 0.1% | ||||||||
CEZ A/S | 3,358 | 165 | ||||||
498 | ||||||||
Hong Kong 0.1% | ||||||||
Real Estate 0.1% | ||||||||
China Vanke Co., Ltd., Class B | 116,100 | 144 | ||||||
Hungary 1.0% | ||||||||
Banks 0.6% | ||||||||
OTP Bank Nyrt. plc * | 25,473 | 716 | ||||||
Energy 0.3% | ||||||||
MOL Hungarian Oil & Gas Nyrt. * | 4,305 | 360 | ||||||
Telecommunication Services 0.1% | ||||||||
Magyar Telekom Telecommunications plc | 23,706 | 102 | ||||||
1,178 | ||||||||
India 5.5% | ||||||||
Banks 1.6% | ||||||||
Axis Bank Ltd. | 41,106 | 780 | ||||||
Bank of Baroda | 7,075 | 76 | ||||||
Canara Bank Ltd. | 5,588 | 41 | ||||||
HDFC Bank Ltd. | 7,658 | 261 | ||||||
Housing Development Finance Corp., Ltd. | 2,352 | 131 | ||||||
ICICI Bank Ltd. | 18,145 | 300 | ||||||
Punjab National Bank Ltd. | 4,782 | 86 | ||||||
State Bank of India | 4,605 | 212 | ||||||
1,887 | ||||||||
Capital Goods 0.3% | ||||||||
Bharat Heavy Electricals Ltd. | 998 | 47 | ||||||
Larsen & Toubro Ltd. | 5,852 | 192 | ||||||
Tata Motors Ltd. | 13,295 | 157 | ||||||
396 | ||||||||
Diversified Financials 0.4% | ||||||||
Infrastructure Development Finance Co., Ltd. | 131,151 | 405 | ||||||
Power Finance Corp. | 9,453 | 44 | ||||||
449 | ||||||||
Energy 0.9% | ||||||||
Bharat Petroleum Corp., Ltd. | 7,994 | 87 | ||||||
Cairn India Ltd. * | 15,134 | 84 | ||||||
Hindustan Petroleum Corp., Ltd. | 15,272 | 114 | ||||||
Indian Oil Corp., Ltd. | 9,504 | 62 | ||||||
Oil & Natural Gas Corp., Ltd. | 8,048 | 192 | ||||||
Reliance Industries Ltd. | 12,191 | 492 | ||||||
1,031 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Balrampur Chini Mills Ltd. | 138,991 | 435 | ||||||
ITC Ltd. | 23,948 | 129 | ||||||
564 | ||||||||
Household & Personal Products 0.0% | ||||||||
Hindustan Unilever Ltd. | 6,436 | 38 | ||||||
Materials 1.1% | ||||||||
Grasim Industries Ltd. | 2,045 | 94 | ||||||
Hindalco Industries Ltd. | 111,119 | 285 | ||||||
Steel Authority of India Ltd. | 18,374 | 63 | ||||||
Sterlite Industries (India) Ltd. | 11,945 | 193 | ||||||
Tata Steel Ltd. | 54,109 | 535 | ||||||
Welspun Gujarat Stahl Rohren Ltd. | 31,912 | 171 | ||||||
1,341 | ||||||||
Real Estate 0.1% | ||||||||
DLF Ltd. | 7,513 | 58 | ||||||
Software & Services 0.3% | ||||||||
Infosys Technologies Ltd. | 5,637 | 263 | ||||||
Tata Consultancy Services | 3,439 | 46 | ||||||
Wipro Ltd. | 4,366 | 56 | ||||||
365 | ||||||||
Telecommunication Services 0.1% | ||||||||
Bharti Airtel Ltd. | 8,658 | 54 | ||||||
Reliance Communications Ltd. | 15,363 | 56 | ||||||
Tata Communications Ltd. | 7,484 | 61 | ||||||
171 | ||||||||
Utilities 0.2% | ||||||||
Gail India Ltd. | 7,786 | 57 | ||||||
Jaiprakash Hydro Power Ltd. | 47,597 | 63 | ||||||
NTPC Ltd. | 9,006 | 40 | ||||||
Power Grid Corp. of India Ltd. | 19,966 | 44 | ||||||
204 | ||||||||
6,504 | ||||||||
Indonesia 0.9% | ||||||||
Automobiles & Components 0.3% | ||||||||
PT Astra International Tbk | 105,000 | 338 | ||||||
Banks 0.3% | ||||||||
PT Bank Central Asia Tbk | 223,500 | 105 | ||||||
PT Bank Mandiri | 147,000 | 71 | ||||||
PT Bank Negara Indonesia (Persero) Tbk | 443,500 | 84 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
PT Bank Rakyat Indonesia | 195,500 | 142 | ||||||
402 | ||||||||
Telecommunication Services 0.3% | ||||||||
PT Indosat Tbk | 74,500 | 40 | ||||||
PT Telekomunikasi Indonesia | 289,500 | 249 | ||||||
289 | ||||||||
1,029 | ||||||||
Malaysia 1.7% | ||||||||
Banks 0.8% | ||||||||
CIMB Group Holdings Berhad | 73,400 | 266 | ||||||
Malayan Banking Berhad | 226,500 | 439 | ||||||
Public Bank Berhad | 69,600 | 217 | ||||||
922 | ||||||||
Capital Goods 0.3% | ||||||||
Sime Darby Berhad | 145,200 | 375 | ||||||
Consumer Services 0.1% | ||||||||
Genting Berhad | 86,100 | 181 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
IOI Corp. Berhad | 75,300 | 117 | ||||||
Telecommunication Services 0.2% | ||||||||
Axiata Group Berhad * | 149,300 | 127 | ||||||
Digi.com Berhad | 6,000 | 39 | ||||||
Telekom Malaysia Berhad | 64,000 | 56 | ||||||
222 | ||||||||
Transportation 0.1% | ||||||||
MISC Berhad | 28,500 | 74 | ||||||
Utilities 0.1% | ||||||||
Petronas Gas Berhad | 13,100 | 38 | ||||||
Tenaga Nasional Berhad | 27,900 | 68 | ||||||
YTL Power International Berhad | 59,007 | 37 | ||||||
143 | ||||||||
2,034 | ||||||||
Mexico 5.4% | ||||||||
Banks 0.3% | ||||||||
Grupo Financiero Banorte S.A.B. de C.V., Class O | 107,800 | 354 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V., Class O | 16,100 | 45 | ||||||
399 | ||||||||
Capital Goods 0.3% | ||||||||
Alfa S.A.B., Class A | 43,500 | 223 | ||||||
Grupo Carso S.A.B de C.V., Series A1 | 31,000 | 96 | ||||||
319 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Organizacion Soriana S.A.B de C.V., Series B * | 26,300 | 59 | ||||||
Wal-Mart de Mexico S.A.B. de C.V., Series V | 50,700 | 180 | ||||||
239 | ||||||||
Food, Beverage & Tobacco 1.0% | ||||||||
Coca-Cola Femsa S.A.B. de C.V. (Femsa), Series L | 58,800 | 320 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 102,500 | 435 | ||||||
Grupo Bimbo S.A.B. de C.V., Series A | 12,300 | 71 | ||||||
Grupo Modelo S.A. de C.V., Series C * | 79,200 | 367 | ||||||
1,193 | ||||||||
Materials 1.6% | ||||||||
Cemex S.A.B. de C.V. * | 964,604 | 1,005 | ||||||
Grupo Mexico S.A.B. de C.V., Series B * | 463,374 | 912 | ||||||
1,917 | ||||||||
Media 0.2% | ||||||||
Grupo Televisa S.A., Series CPO | 50,000 | 191 | ||||||
Telecommunication Services 1.8% | ||||||||
America Movil S.A.B. de C.V., Series L | 405,900 | 891 | ||||||
Carso Global Telecom S.A.B. de C.V., Class A1 * | 60,100 | 233 | ||||||
Telefonos de Mexico S.A.B. de C.V. | 747,100 | 633 | ||||||
Telmex Internacional S.A.B. de C.V., Class L | 590,000 | 380 | ||||||
2,137 | ||||||||
6,395 | ||||||||
Philippines 0.1% | ||||||||
Telecommunication Services 0.1% | ||||||||
Philippine Long Distance Telephone Co. | 1,590 | 85 | ||||||
Poland 1.2% | ||||||||
Banks 0.3% | ||||||||
Bank Pekao S.A. * | 3,559 | 191 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Powszechna Kasa Oszczednosci Bank Polski S.A. | 20,218 | 240 | ||||||
431 | ||||||||
Energy 0.4% | ||||||||
Polski Koncern Naftowy Orlen S.A. * | 41,192 | 428 | ||||||
Polskie Gornictwo Naftowe I Gazownictwo S.A. | 72,089 | 88 | ||||||
516 | ||||||||
Materials 0.3% | ||||||||
KGHM Polska Miedz S.A. | 9,934 | 334 | ||||||
Telecommunication Services 0.2% | ||||||||
Telekomunikacja Polska S.A. | 33,371 | 196 | ||||||
1,477 | ||||||||
Republic of Korea 25.6% | ||||||||
Automobiles & Components 3.4% | ||||||||
Hyundai Mobis | 5,383 | 718 | ||||||
Hyundai Motor Co. | 19,724 | 1,789 | ||||||
Kia Motors Corp. * | 36,580 | 543 | ||||||
S&T Daewoo Co., Ltd. * | 27,350 | 591 | ||||||
S&T Dynamics Co., Ltd. | 29,570 | 364 | ||||||
4,005 | ||||||||
Banks 2.2% | ||||||||
Hana Financial Group, Inc. | 15,540 | 461 | ||||||
Industrial Bank of Korea * | 14,430 | 175 | ||||||
KB Financial Group, Inc. * | 2 | — | ||||||
Korea Exchange Bank | 32,150 | 365 | ||||||
Shinhan Financial Group Co., Ltd. * | 31,540 | 1,197 | ||||||
Woori Finance Holdings Co., Ltd. * | 28,920 | 389 | ||||||
2,587 | ||||||||
Capital Goods 4.1% | ||||||||
CJ Corp. | 2,628 | 105 | ||||||
Daelim Industrial Co., Ltd. | 4,419 | 280 | ||||||
Daewoo Engineering & Construction Co., Ltd. | 4,770 | 48 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 2,390 | 31 | ||||||
Doosan Corp. | 2,365 | 164 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 1,059 | 57 | ||||||
GS Engineering & Construction Corp. | 2,419 | 212 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 2,295 | 127 | ||||||
Hyundai Heavy Industries Co., Ltd. | 1,915 | 262 | ||||||
Hyundai Mipo Dockyard Co., Ltd. | 552 | 45 | ||||||
KCC Corp. | 211 | 61 | ||||||
Korea Electric Terminal Co., Ltd. | 16,110 | 275 | ||||||
Kumho Industrial Co., Ltd. | 6,860 | 58 | ||||||
LG Corp. | 15,956 | 904 | ||||||
LG Hausys Ltd. * | 651 | 65 | ||||||
LG International Corp. | 7,720 | 189 | ||||||
LS Corp. | 2,260 | 185 | ||||||
Samsung C&T Corp. | 9,130 | 372 | ||||||
Samsung Heavy Industries Co., Ltd. | 4,950 | 94 | ||||||
SK Holdings Co., Ltd. | 13,185 | 1,046 | ||||||
SK Networks Co., Ltd. | 11,718 | 111 | ||||||
STX Offshore & Shipbuilding Co., Ltd. | 16,760 | 179 | ||||||
4,870 | ||||||||
Consumer Durables & Apparel 0.8% | ||||||||
LG Electronics, Inc. | 9,753 | 907 | ||||||
Diversified Financials 0.1% | ||||||||
Meritz Securities Co., Ltd. | 108,830 | 109 | ||||||
Samsung Card Co., Ltd. | 987 | 39 | ||||||
148 | ||||||||
Energy 0.7% | ||||||||
GS Holdings Corp. | 6,880 | 170 | ||||||
S-Oil Corp. | 5,965 | 289 | ||||||
SK Energy Co., Ltd. | 4,700 | 432 | ||||||
891 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Shinsegae Co., Ltd. | 380 | 164 | ||||||
Food, Beverage & Tobacco 1.0% | ||||||||
KT&G Corp. | 1,275 | 74 | ||||||
Lotte Chilsung Beverage Co., Ltd. | 1,677 | 1,148 | ||||||
1,222 | ||||||||
Insurance 0.2% | ||||||||
Samsung Fire & Marine Insurance Co., Ltd. | 1,334 | 243 | ||||||
Materials 4.6% | ||||||||
Dongbu HiTek Co., Ltd. * | 49,740 | 257 | ||||||
Dongkuk Steel Mill Co., Ltd. | 4,390 | 93 | ||||||
Hanwha Chemical Corp. | 6,330 | 59 | ||||||
Hanwha Corp. | 12,619 | 403 | ||||||
Honam Petrochemical Corp. | 22,859 | 1,568 | ||||||
Hyosung Corp. | 2,269 | 125 | ||||||
Hyundai Steel Co. | 2,777 | 176 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Korea Kumho Petrochemical Co., Ltd. | 7,440 | 144 | ||||||
KP Chemical Corp. * | 110,780 | 640 | ||||||
LG Chem Ltd. | 2,193 | 378 | ||||||
POSCO | 4,071 | 1,687 | ||||||
5,530 | ||||||||
Media 1.4% | ||||||||
CJ CGV | 14,240 | 233 | ||||||
CJ Internet Corp. | 5,167 | 54 | ||||||
Daekyo Co., Ltd. | 77,560 | 313 | ||||||
ON*Media Corp. * | 370,150 | 1,043 | ||||||
1,643 | ||||||||
Retailing 0.3% | ||||||||
GS Home Shopping, Inc. | 3,001 | 202 | ||||||
Lotte Shopping Co., Ltd. | 672 | 190 | ||||||
392 | ||||||||
Semiconductors & Semiconductor Equipment 3.8% | ||||||||
Hynix Semiconductor, Inc. * | 52,230 | 775 | ||||||
Samsung Electronics Co., Ltd. | 6,170 | 3,713 | ||||||
4,488 | ||||||||
Software & Services 0.1% | ||||||||
NHN Corp. * | 925 | 136 | ||||||
Technology Hardware & Equipment 1.1% | ||||||||
Daeduck GDS Co., Ltd. | 79,250 | 670 | ||||||
LG Display Co., Ltd. | 15,020 | 360 | ||||||
Samsung SDI Co., Ltd. | 2,898 | 331 | ||||||
1,361 | ||||||||
Telecommunication Services 0.6% | ||||||||
KT Corp. | 10,003 | 326 | ||||||
LG Telecom Ltd. | 5,354 | 40 | ||||||
SK Telecom Co., Ltd. | 1,918 | 292 | ||||||
658 | ||||||||
Transportation 0.3% | ||||||||
Hanjin Shipping Co., Ltd. | 9,030 | 123 | ||||||
Hyundai Merchant Marine Co., Ltd. | 2,400 | 49 | ||||||
Korean Air Lines Co., Ltd. * | 4,433 | 169 | ||||||
341 | ||||||||
Utilities 0.8% | ||||||||
Korea Electric Power Corp. * | 29,940 | 848 | ||||||
Korea Gas Corp. | 2,036 | 86 | ||||||
934 | ||||||||
30,520 | ||||||||
Russia 7.1% | ||||||||
Banks 1.2% | ||||||||
Sberbank GDR — Reg’d | 4,750 | 1,159 | ||||||
VTB Bank OJSC GDR — Reg’d | 63,160 | 251 | ||||||
1,410 | ||||||||
Energy 4.8% | ||||||||
Gazprom ADR | 97,639 | 2,341 | ||||||
Gazprom Neft ADR | 4,362 | 113 | ||||||
LUKOIL ADR | 31,880 | 1,849 | ||||||
Rosneft Oil Co. GDR * | 41,255 | 314 | ||||||
Surgutneftegaz ADR | 69,697 | 615 | ||||||
Tatneft ADR | 18,211 | 472 | ||||||
5,704 | ||||||||
Materials 0.6% | ||||||||
Cherepovets MK Severstal GDR — Reg’d | 19,347 | 139 | ||||||
Mining & Metallurgical Co., Norilsk Nickel ADR * | 46,813 | 615 | ||||||
754 | ||||||||
Telecommunication Services 0.5% | ||||||||
Mobile TeleSystems ADR | 6,010 | 272 | ||||||
Sistema JSFC GDR * | 20,544 | 334 | ||||||
606 | ||||||||
Utilities 0.0% | ||||||||
Federal Grid Co. Unified Energy System JSC GDR * | 285 | 2 | ||||||
8,476 | ||||||||
South Africa 5.9% | ||||||||
Banks 0.9% | ||||||||
ABSA Group Ltd. | 14,267 | 226 | ||||||
Nedbank Group Ltd. | 11,481 | 173 | ||||||
Standard Bank Group Ltd. | 57,314 | 715 | ||||||
1,114 | ||||||||
Capital Goods 0.6% | ||||||||
Aveng Ltd. | 27,464 | 146 | ||||||
Barloworld Ltd. | 39,415 | 246 | ||||||
Bidvest Group Ltd. | 21,791 | 341 | ||||||
733 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Steinhoff International Holdings Ltd. | 91,044 | 220 | ||||||
Diversified Financials 0.9% | ||||||||
FirstRand Ltd. | 197,491 | 445 | ||||||
Investec Ltd. | 17,096 | 126 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Remgro Ltd. | 24,873 | 291 | ||||||
RMB Holdings Ltd. | 43,045 | 157 | ||||||
1,019 | ||||||||
Energy 0.5% | ||||||||
Sasol | 15,378 | 576 | ||||||
Insurance 0.3% | ||||||||
Sanlam Ltd. | 130,203 | 357 | ||||||
Materials 1.5% | ||||||||
Anglo Platinum Ltd. * | 2,579 | 223 | ||||||
AngloGold Ashanti Ltd. | 3,273 | 122 | ||||||
ArcelorMittal South Africa Ltd. | 8,977 | 121 | ||||||
Gold Fields Ltd. | 13,120 | 168 | ||||||
Impala Platinum Holdings Ltd. | 23,660 | 521 | ||||||
Mondi Ltd. | 74,778 | 422 | ||||||
Sappi Ltd. | 49,558 | 183 | ||||||
1,760 | ||||||||
Media 0.2% | ||||||||
Naspers Ltd., Class N | 7,368 | 266 | ||||||
Retailing 0.2% | ||||||||
Imperial Holdings Ltd. | 24,588 | 253 | ||||||
Telecommunication Services 0.6% | ||||||||
MTN Group Ltd. | 28,269 | 421 | ||||||
Telkom South Africa Ltd. | 22,596 | 127 | ||||||
Vodacom Group (Pty) Ltd. * | 30,867 | 214 | ||||||
762 | ||||||||
7,060 | ||||||||
Taiwan 10.2% | ||||||||
Banks 0.5% | ||||||||
China Development Financial Holding Corp. * | 454,275 | 118 | ||||||
Chinatrust Financial Holding Co., Ltd. | 413,188 | 248 | ||||||
Mega Financial Holding Co., Ltd. | 479,000 | 267 | ||||||
633 | ||||||||
Capital Goods 0.2% | ||||||||
Far Eastern Textile Ltd. | 240,152 | 283 | ||||||
Consumer Durables & Apparel 0.3% | ||||||||
Pou Chen Corp. | 197,713 | 136 | ||||||
Tatung Co., Ltd. * | 726,000 | 160 | ||||||
296 | ||||||||
Diversified Financials 0.2% | ||||||||
Fubon Financial Holding Co., Ltd. * | 174,000 | 193 | ||||||
Energy 0.7% | ||||||||
Formosa Petrochemical Corp. | 326,030 | 795 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Uni-President Enterprises Corp. | 119,485 | 133 | ||||||
Insurance 0.5% | ||||||||
Cathay Financial Holding Co., Ltd. * | 358,850 | 616 | ||||||
Materials 2.0% | ||||||||
China Steel Corp. | 744,063 | 661 | ||||||
Formosa Chemicals & Fibre Corp. | 318,420 | 593 | ||||||
Formosa Plastics Corp. | 198,820 | 381 | ||||||
Nan Ya Plastics Corp. | 426,160 | 678 | ||||||
Taiwan Cement Corp. | 100,100 | 103 | ||||||
2,416 | ||||||||
Semiconductors & Semiconductor Equipment 1.7% | ||||||||
Advanced Semiconductor Engineering, Inc. | 253,070 | 199 | ||||||
MediaTek, Inc. | 17,074 | 239 | ||||||
Nanya Technology Corp. * | 109,773 | 78 | ||||||
Powerchip Semiconductor Corp. * | 799,000 | 89 | ||||||
Siliconware Precision Industries Co. | 94,270 | 124 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 461,689 | 837 | ||||||
United Microelectronics Corp. * | 893,965 | 430 | ||||||
1,996 | ||||||||
Technology Hardware & Equipment 3.3% | ||||||||
Acer, Inc. | 99,306 | 234 | ||||||
Asustek Computer, Inc. | 207,546 | 381 | ||||||
AU Optronics Corp. | 287,800 | 255 | ||||||
Chi Mei Optoelectronics Corp. * | 568,150 | 284 | ||||||
Chunghwa Picture Tubes Ltd. * | 1,719,000 | 176 | ||||||
Compal Electronics, Inc. | 254,502 | 318 | ||||||
Delta Electronics, Inc. | 59,025 | 164 | ||||||
Hon Hai Precision Industry Co., Ltd. | 280,742 | 1,100 | ||||||
HTC Corp. | 8,400 | 83 | ||||||
InnoLux Display Corp. | 82,040 | 108 | ||||||
Inventec Co., Ltd. | 273,055 | 151 | ||||||
Lite-On Technology Corp. | 205,021 | 270 | ||||||
Quanta Computer, Inc. | 195,500 | 370 | ||||||
3,894 | ||||||||
Telecommunication Services 0.5% | ||||||||
Chunghwa Telecom Co., Ltd. | 241,147 | 423 | ||||||
Far EasTone Telecommunications Co., Ltd. | 102,622 | 116 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Taiwan Mobile Co., Ltd. | 61,000 | 109 | ||||||
648 | ||||||||
Transportation 0.2% | ||||||||
Evergreen Marine Corp. * | 261,000 | 132 | ||||||
Yang Ming Marine Transport | 271,699 | 96 | ||||||
228 | ||||||||
12,131 | ||||||||
Thailand 1.1% | ||||||||
Banks 0.3% | ||||||||
Bangkok Bank Public Co., Ltd. — Reg’d | 27,000 | 92 | ||||||
Kasikornbank Public Co., Ltd. | 34,900 | 85 | ||||||
Krung Thai Bank Public Co., Ltd. | 223,800 | 59 | ||||||
Siam Commercial Bank Public Co., Ltd. | 29,700 | 69 | ||||||
305 | ||||||||
Energy 0.6% | ||||||||
IRPC PCL | 921,600 | 106 | ||||||
PTT Aromatics & Refining PCL | 338,600 | 216 | ||||||
PTT Exploration & Production Public Co., Ltd. — Reg’d | 23,700 | 103 | ||||||
PTT Public Co., Ltd. | 38,100 | 273 | ||||||
Thai Oil Public Co., Ltd. | 62,400 | 77 | ||||||
775 | ||||||||
Materials 0.1% | ||||||||
PTT Chemical Public Co., Ltd. | 31,700 | 59 | ||||||
The Siam Cement Public Co., Ltd. | 16,700 | 104 | ||||||
163 | ||||||||
Telecommunication Services 0.1% | ||||||||
Advanced Info Service Public Co. Ltd. | 24,300 | 63 | ||||||
1,306 | ||||||||
Turkey 1.7% | ||||||||
Automobiles & Components 0.0% | ||||||||
Ford Otomotiv Sanayi A/S | 7,210 | 45 | ||||||
Banks 0.8% | ||||||||
Akbank T.A.S. | 38,703 | 209 | ||||||
Turkiye Garanti Bankasi A/S | 48,390 | 176 | ||||||
Turkiye Halk Bankasi A/S | 20,313 | 121 | ||||||
Turkiye Is Bankasi, Class C | 51,535 | 195 | ||||||
Turkiye Vakiflar Bankasi T.A.O., Class D * | 60,094 | 146 | ||||||
Yapi ve Kredi Bankasi A/S * | 18,524 | 38 | ||||||
885 | ||||||||
Capital Goods 0.4% | ||||||||
Dogan Sirketler Grubu Holdings A/S | 203,547 | 134 | ||||||
Enka Insaat ve Sanayi A/S | 16,684 | 67 | ||||||
Koc Holding A/S * | 125,133 | 319 | ||||||
520 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Arcelik A/S * | 44,042 | 144 | ||||||
Diversified Financials 0.1% | ||||||||
Haci Omer Sabanci Holding A/S | 32,463 | 119 | ||||||
Energy 0.1% | ||||||||
Tupras-Turkiye Petrol Rafinerileri A/S | 9,763 | 168 | ||||||
Materials 0.1% | ||||||||
Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir) * | 41,053 | 111 | ||||||
Telecommunication Services 0.1% | ||||||||
Turkcell Iletisim Hizmetleri A/S | 13,067 | 87 | ||||||
2,079 | ||||||||
Total Common Stock (Cost $89,073) | 110,112 | |||||||
Preferred Stock 8.9% of net assets | ||||||||
Brazil 8.8% | ||||||||
Banks 3.1% | ||||||||
Banco Bradesco S.A. | 80,000 | 1,569 | ||||||
Banco Itau Holding Financeira S.A. | 112,565 | 2,141 | ||||||
3,710 | ||||||||
Energy 1.7% | ||||||||
Petroleo Brasileiro S.A. | 101,700 | 2,023 | ||||||
Food & Staples Retailing 0.2% | ||||||||
Compania Brasileira de Distribuicao Grupo Pao de Acucar, Class A | 7,900 | 239 | ||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Companhia de Bebidas das Americas | 4,810 | 436 | ||||||
Materials 2.3% | ||||||||
Braskem S.A., Class A * | 48,100 | 320 | ||||||
Companhia Vale do Rio Doce, Class A | 43,200 | 967 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Gerdau S.A. | 31,300 | 467 | ||||||
Metalurgica Gerdau S.A. | 30,700 | 558 | ||||||
Usinas Siderurgicas de Minas Gerais S.A., Class A | 14,850 | 388 | ||||||
2,700 | ||||||||
Telecommunication Services 0.7% | ||||||||
Brasil Telecom Participacoes S.A. | 5,400 | 54 | ||||||
Brasil Telecom S.A. | 9,300 | 79 | ||||||
Tele Norte Leste Participacoes S.A. | 16,100 | 308 | ||||||
Telecomunicacoes de Sao Paulo S.A. | 1,800 | 45 | ||||||
Telemar Norte Leste S.A., Class A | 4,200 | 133 | ||||||
Tim Participacoes S.A. | 43,400 | 102 | ||||||
Vivo Participacoes S.A. | 6,850 | 168 | ||||||
889 | ||||||||
Utilities 0.4% | ||||||||
Companhia Energetica de Minas Gerais | 10,971 | 171 | ||||||
Companhia Paranaense de Energia-Copel, Class B | 9,600 | 167 | ||||||
Compania Energetica de Sao Paulo, Class B | 17,100 | 200 | ||||||
538 | ||||||||
10,535 | ||||||||
Columbia 0.1% | ||||||||
Banks 0.1% | ||||||||
Bancolombia S.A. | 12,354 | 122 | ||||||
Total Preferred Stock (Cost $7,790) | 10,657 | |||||||
Security | Face Amount | Value | ||||||
Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 0.0% of net assets | ||||||||
Argentina Cash Reserve | ||||||||
0.01%, 03/26/10 | 2 | 2 | ||||||
1.00%, 01/20/10 | 15 | 15 | ||||||
1.00%, 08/10/10 | 9 | 9 | ||||||
1.00%, 10/13/10 | 20 | 20 | ||||||
Total Short-Term Investments (Cost $46) | 46 | |||||||
* | Non-income producing security. |
GDR – Global Depositary Receipt
Reg’d – Registered
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98.8 | % | Common Stock | 8,375,082 | 8,609,029 | ||||||||
1.0 | % | Short-Term Investments | 91,098 | 91,098 | ||||||||
99.8 | % | Total Investments | 8,466,180 | 8,700,127 | ||||||||
0.1 | % | Collateral Invested for Securities on Loan | 9,401 | 9,401 | ||||||||
0.1 | % | Other Assets and Liabilities, Net | 8,058 | |||||||||
100.0 | % | Net Assets | 8,717,586 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 98.8% of net assets | ||||||||
Automobiles & Components 0.5% | ||||||||
Ford Motor Co. * | 2,921,097 | 20,448 | ||||||
Harley-Davidson, Inc. | 231,470 | 5,768 | ||||||
Johnson Controls, Inc. | 552,859 | 13,224 | ||||||
The Goodyear Tire & Rubber Co. * | 197,636 | 2,546 | ||||||
41,986 | ||||||||
Banks 2.9% | ||||||||
BB&T Corp. | 636,113 | 15,209 | ||||||
Comerica, Inc. | 144,670 | 4,015 | ||||||
Fifth Third Bancorp | 868,329 | 7,763 | ||||||
First Horizon National Corp. * | 221,264 | 2,618 | ||||||
Hudson City Bancorp, Inc. | 481,992 | 6,333 | ||||||
Huntington Bancshares, Inc. | 924,893 | 3,524 | ||||||
KeyCorp | 808,498 | 4,358 | ||||||
M&T Bank Corp. | 76,398 | 4,802 | ||||||
Marshall & Ilsley Corp. | 329,392 | 1,752 | ||||||
People’s United Financial, Inc. | 319,100 | 5,115 | ||||||
PNC Financial Services Group, Inc. | 460,378 | 22,531 | ||||||
Regions Financial Corp. | 1,079,945 | 5,227 | ||||||
SunTrust Banks, Inc. | 466,116 | 8,907 | ||||||
U.S. Bancorp | 1,774,328 | 41,200 | ||||||
Wells Fargo & Co. | 4,353,209 | 119,800 | ||||||
Zions Bancorp | 109,298 | 1,548 | ||||||
254,702 | ||||||||
Capital Goods 7.3% | ||||||||
3M Co. | 658,619 | 48,455 | ||||||
Caterpillar, Inc. | 577,162 | 31,779 | ||||||
Cummins, Inc. | 182,562 | 7,861 | ||||||
Danaher Corp. | 226,187 | 15,433 | ||||||
Deere & Co. | 419,586 | 19,112 | ||||||
Dover Corp. | 174,270 | 6,566 | ||||||
Eaton Corp. | 143,839 | 8,695 | ||||||
Emerson Electric Co. | 718,815 | 27,135 | ||||||
Fastenal Co. | 98,649 | 3,403 | ||||||
First Solar, Inc. * | 45,000 | 5,487 | ||||||
Flowserve Corp. | 50,100 | 4,920 | ||||||
Fluor Corp. | 160,582 | 7,133 | ||||||
General Dynamics Corp. | 371,660 | 23,303 | ||||||
General Electric Co. | 10,002,952 | 142,642 | ||||||
Goodrich Corp. | 114,696 | 6,234 | ||||||
Honeywell International, Inc. | 699,429 | 25,102 | ||||||
Illinois Tool Works, Inc. | 385,636 | 17,708 | ||||||
ITT Corp. | 169,678 | 8,603 | ||||||
Jacobs Engineering Group, Inc. * | 98,834 | 4,180 | ||||||
L-3 Communications Holdings, Inc. | 110,383 | 7,980 | ||||||
Lockheed Martin Corp. | 317,091 | 21,813 | ||||||
Masco Corp. | 347,388 | 4,082 | ||||||
Northrop Grumman Corp. | 316,167 | 15,849 | ||||||
PACCAR, Inc. | 345,350 | 12,920 | ||||||
Pall Corp. | 86,430 | 2,743 | ||||||
Parker Hannifin Corp. | 155,336 | 8,227 | ||||||
Precision Castparts Corp. | 129,927 | 12,412 | ||||||
Quanta Services, Inc. * | 181,000 | 3,837 | ||||||
Raytheon Co. | 393,488 | 17,817 | ||||||
Rockwell Automation, Inc. | 132,521 | 5,427 | ||||||
Rockwell Collins, Inc. | 147,405 | 7,426 | ||||||
Snap-on, Inc. | 58,282 | 2,129 | ||||||
Textron, Inc. | 230,904 | 4,105 | ||||||
The Boeing Co. | 702,554 | 33,582 | ||||||
The Stanley Works | 75,519 | 3,416 | ||||||
United Technologies Corp. | 895,535 | 55,031 | ||||||
W.W. Grainger, Inc. | 63,127 | 5,917 | ||||||
638,464 | ||||||||
Commercial & Professional Supplies 0.6% | ||||||||
Avery Dennison Corp. | 89,776 | 3,201 | ||||||
Cintas Corp. | 122,876 | 3,402 | ||||||
Equifax, Inc. | 119,661 | 3,276 | ||||||
Iron Mountain, Inc. * | 150,100 | 3,667 | ||||||
Monster Worldwide, Inc. * | 113,138 | 1,643 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Pitney Bowes, Inc. | 196,591 | 4,817 | ||||||
R.R. Donnelley & Sons Co. | 194,869 | 3,913 | ||||||
Republic Services, Inc. | 281,634 | 7,297 | ||||||
Robert Half International, Inc. | 145,442 | 3,374 | ||||||
Stericycle, Inc. * | 74,600 | 3,907 | ||||||
The Dun & Bradstreet Corp. | 40,100 | 3,070 | ||||||
Waste Management, Inc. | 476,916 | 14,250 | ||||||
55,817 | ||||||||
Consumer Durables & Apparel 1.0% | ||||||||
Coach, Inc. | 313,028 | 10,321 | ||||||
D.R. Horton, Inc. | 282,516 | 3,096 | ||||||
Eastman Kodak Co. | 260,913 | 978 | ||||||
Fortune Brands, Inc. | 138,179 | 5,382 | ||||||
Harman International Industries, Inc. | 51,156 | 1,924 | ||||||
Hasbro, Inc. | 134,117 | 3,657 | ||||||
KB HOME | 77,910 | 1,105 | ||||||
Leggett & Platt, Inc. | 157,894 | 3,052 | ||||||
Lennar Corp., Class A | 161,318 | 2,033 | ||||||
Mattel, Inc. | 358,794 | 6,792 | ||||||
Newell Rubbermaid, Inc. | 250,050 | 3,628 | ||||||
NIKE, Inc., Class B | 371,862 | 23,122 | ||||||
Polo Ralph Lauren Corp. | 60,526 | 4,504 | ||||||
Pulte Homes, Inc. | 293,286 | 2,643 | ||||||
The Black & Decker Corp. | 57,304 | 2,706 | ||||||
VF Corp. | 80,391 | 5,711 | ||||||
Whirlpool Corp. | 86,722 | 6,209 | ||||||
86,863 | ||||||||
Consumer Services 1.6% | ||||||||
Apollo Group, Inc., Class A * | 109,790 | 6,269 | ||||||
Carnival Corp. | 416,421 | 12,126 | ||||||
Darden Restaurants, Inc. | 128,248 | 3,887 | ||||||
DeVry, Inc. | 40,000 | 2,212 | ||||||
H&R Block, Inc. | 262,105 | 4,807 | ||||||
International Game Technology | 281,760 | 5,027 | ||||||
Marriott International, Inc., Class A | 295,266 | 7,399 | ||||||
McDonald’s Corp. | 1,039,838 | 60,945 | ||||||
Starbucks Corp. * | 714,662 | 13,564 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 180,068 | 5,233 | ||||||
Wyndham Worldwide Corp. | 178,464 | 3,043 | ||||||
Wynn Resorts Ltd. * | 74,700 | 4,050 | ||||||
Yum! Brands, Inc. | 444,985 | 14,662 | ||||||
143,224 | ||||||||
Diversified Financials 7.8% | ||||||||
American Express Co. | 1,110,241 | 38,681 | ||||||
Ameriprise Financial, Inc. | 238,214 | 8,259 | ||||||
Bank of America Corp. | 8,065,511 | 117,595 | ||||||
Bank of New York Mellon Corp. | 1,117,673 | 29,797 | ||||||
Capital One Financial Corp. | 422,474 | 15,462 | ||||||
Citigroup, Inc. | 12,183,644 | 49,831 | ||||||
CME Group, Inc. | 63,537 | 19,227 | ||||||
Discover Financial Services | 500,773 | 7,081 | ||||||
E*TRADE Financial Corp. * | 576,193 | 841 | ||||||
Federated Investors, Inc., Class B | 76,906 | 2,019 | ||||||
Franklin Resources, Inc. | 145,835 | 15,259 | ||||||
IntercontinentalExchange, Inc. * | 67,958 | 6,809 | ||||||
Invesco Ltd. | 384,547 | 8,133 | ||||||
Janus Capital Group, Inc. | 171,695 | 2,253 | ||||||
JPMorgan Chase & Co. | 3,674,431 | 153,481 | ||||||
Legg Mason, Inc. | 123,798 | 3,604 | ||||||
Leucadia National Corp. * | 174,051 | 3,911 | ||||||
Moody’s Corp. | 188,529 | 4,464 | ||||||
Morgan Stanley | 1,306,754 | 41,973 | ||||||
Northern Trust Corp. | 223,818 | 11,247 | ||||||
NYSE Euronext | 245,500 | 6,346 | ||||||
SLM Corp. * | 569,918 | 5,528 | ||||||
State Street Corp. | 466,026 | 19,564 | ||||||
T. Rowe Price Group, Inc. | 243,179 | 11,850 | ||||||
The Charles Schwab Corp. (b) | 891,781 | 15,463 | ||||||
The Goldman Sachs Group, Inc. | 483,669 | 82,306 | ||||||
The NASDAQ OMX Group, Inc. * | 116,400 | 2,102 | ||||||
683,086 | ||||||||
Energy 12.2% | ||||||||
Anadarko Petroleum Corp. | 446,909 | 27,230 | ||||||
Apache Corp. | 311,206 | 29,291 | ||||||
Baker Hughes, Inc. | 291,027 | 12,244 | ||||||
BJ Services Co. | 265,859 | 5,105 | ||||||
Cabot Oil & Gas Corp. | 92,200 | 3,547 | ||||||
Cameron International Corp. * | 198,400 | 7,335 | ||||||
Chesapeake Energy Corp. | 609,566 | 14,934 | ||||||
Chevron Corp. | 1,871,934 | 143,278 | ||||||
ConocoPhillips | 1,388,390 | 69,669 | ||||||
CONSOL Energy, Inc. | 171,318 | 7,334 | ||||||
Denbury Resources, Inc. * | 313,900 | 4,583 | ||||||
Devon Energy Corp. | 414,458 | 26,820 | ||||||
Diamond Offshore Drilling, Inc. | 65,300 | 6,220 | ||||||
El Paso Corp. | 628,871 | 6,169 | ||||||
ENSCO International, Inc. | 159,993 | 7,326 | ||||||
EOG Resources, Inc. | 232,406 | 18,978 | ||||||
Exxon Mobil Corp. | 4,549,998 | 326,098 | ||||||
FMC Technologies, Inc. * | 115,000 | 6,049 | ||||||
Halliburton Co. | 839,568 | 24,524 | ||||||
Hess Corp. | 273,440 | 14,968 | ||||||
Marathon Oil Corp. | 670,652 | 21,441 | ||||||
Massey Energy Co. | 89,200 | 2,595 | ||||||
Murphy Oil Corp. | 174,292 | 10,656 | ||||||
Nabors Industries Ltd. * | 324,190 | 6,753 | ||||||
National-Oilwell Varco, Inc. * | 418,824 | 17,168 | ||||||
Noble Energy, Inc. | 160,284 | 10,519 | ||||||
Occidental Petroleum Corp. | 759,350 | 57,620 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Peabody Energy Corp. | 261,564 | 10,355 | ||||||
Pioneer Natural Resources Co. | 138,600 | 5,698 | ||||||
Range Resources Corp. | 139,500 | 6,982 | ||||||
Rowan Cos., Inc. | 156,663 | 3,642 | ||||||
Schlumberger Ltd. | 1,118,439 | 69,567 | ||||||
Smith International, Inc. | 245,732 | 6,814 | ||||||
Southwestern Energy Co. * | 312,100 | 13,601 | ||||||
Spectra Energy Corp. | 595,509 | 11,386 | ||||||
Sunoco, Inc. | 109,001 | 3,357 | ||||||
Tesoro Corp. | 216,107 | 3,056 | ||||||
The Williams Cos., Inc. | 546,298 | 10,298 | ||||||
Valero Energy Corp. | 584,940 | 10,587 | ||||||
XTO Energy, Inc. | 538,100 | 22,363 | ||||||
1,066,160 | ||||||||
Food & Staples Retailing 2.9% | ||||||||
Costco Wholesale Corp. | 411,092 | 23,371 | ||||||
CVS Caremark Corp. | 1,350,651 | 47,678 | ||||||
Safeway, Inc. | 402,296 | 8,983 | ||||||
SUPERVALU, Inc. | 277,681 | 4,407 | ||||||
Sysco Corp. | 544,957 | 14,414 | ||||||
The Kroger Co. | 603,247 | 13,953 | ||||||
Wal-Mart Stores, Inc. | 2,059,002 | 102,291 | ||||||
Walgreen Co. | 921,611 | 34,864 | ||||||
Whole Foods Market, Inc. * | 139,416 | 4,470 | ||||||
254,431 | ||||||||
Food, Beverage & Tobacco 6.0% | ||||||||
Altria Group, Inc. | 1,901,291 | 34,432 | ||||||
Archer-Daniels-Midland Co. | 600,599 | 18,090 | ||||||
Brown-Forman Corp., Class B | 80,728 | 3,940 | ||||||
Campbell Soup Co. | 198,711 | 6,309 | ||||||
Coca-Cola Enterprises, Inc. | 268,162 | 5,114 | ||||||
ConAgra Foods, Inc. | 455,049 | 9,556 | ||||||
Constellation Brands, Inc., Class A * | 175,065 | 2,769 | ||||||
Dean Foods Co. * | 119,970 | 2,187 | ||||||
Dr. Pepper Snapple Group, Inc. * | 216,800 | 5,910 | ||||||
General Mills, Inc. | 314,390 | 20,724 | ||||||
H.J. Heinz Co. | 303,643 | 12,219 | ||||||
Hormel Foods Corp. | 50,000 | 1,823 | ||||||
Kellogg Co. | 234,434 | 12,083 | ||||||
Kraft Foods, Inc., Class A | 1,362,654 | 37,500 | ||||||
Lorillard, Inc. | 156,597 | 12,171 | ||||||
McCormick & Co., Inc. | 132,602 | 4,642 | ||||||
Molson Coors Brewing Co., Class B | 127,030 | 6,221 | ||||||
PepsiCo, Inc. | 1,447,939 | 87,673 | ||||||
Philip Morris International, Inc. | 1,867,646 | 88,452 | ||||||
Reynolds American, Inc. | 163,798 | 7,941 | ||||||
Sara Lee Corp. | 669,142 | 7,555 | ||||||
The Coca-Cola Co. | 2,188,728 | 116,681 | ||||||
The Hershey Co. | 154,428 | 5,836 | ||||||
The J.M. Smucker Co. | 130,875 | 6,901 | ||||||
The Pepsi Bottling Group, Inc. | 126,171 | 4,724 | ||||||
Tyson Foods, Inc., Class A | 327,690 | 4,103 | ||||||
525,556 | ||||||||
Health Care Equipment & Services 4.0% | ||||||||
Aetna, Inc. | 438,080 | 11,403 | ||||||
AmerisourceBergen Corp. | 314,946 | 6,976 | ||||||
Baxter International, Inc. | 581,989 | 31,462 | ||||||
Becton Dickinson & Co. | 224,690 | 15,360 | ||||||
Boston Scientific Corp. * | 1,305,674 | 10,602 | ||||||
C.R. Bard, Inc. | 91,473 | 6,867 | ||||||
Cardinal Health, Inc. | 330,733 | 9,373 | ||||||
CareFusion Corp. * | 165,366 | 3,699 | ||||||
CIGNA Corp. | 297,908 | 8,294 | ||||||
Coventry Health Care, Inc. * | 207,985 | 4,124 | ||||||
DaVita, Inc. * | 80,100 | 4,248 | ||||||
DENTSPLY International, Inc. | 112,400 | 3,705 | ||||||
Express Scripts, Inc. * | 247,986 | 19,819 | ||||||
Hospira, Inc. * | 141,382 | 6,311 | ||||||
Humana, Inc. * | 159,403 | 5,990 | ||||||
IMS Health, Inc. | 175,769 | 2,881 | ||||||
Intuitive Surgical, Inc. * | 34,400 | 8,474 | ||||||
Laboratory Corp. of America Holdings * | 100,891 | 6,950 | ||||||
McKesson Corp. | 255,875 | 15,028 | ||||||
Medco Health Solutions, Inc. * | 464,982 | 26,095 | ||||||
Medtronic, Inc. | 1,031,139 | 36,812 | ||||||
Patterson Cos., Inc. * | 107,947 | 2,756 | ||||||
Quest Diagnostics, Inc. | 136,380 | 7,628 | ||||||
St. Jude Medical, Inc. * | 319,387 | 10,885 | ||||||
Stryker Corp. | 226,740 | 10,430 | ||||||
Tenet Healthcare Corp. * | 354,317 | 1,814 | ||||||
UnitedHealth Group, Inc. | 1,122,410 | 29,127 | ||||||
Varian Medical Systems, Inc. * | 95,806 | 3,926 | ||||||
WellPoint, Inc. * | 480,229 | 22,455 | ||||||
Zimmer Holdings, Inc. * | 210,223 | 11,051 | ||||||
344,545 | ||||||||
Household & Personal Products 2.8% | ||||||||
Avon Products, Inc. | 391,020 | 12,532 | ||||||
Colgate-Palmolive Co. | 464,097 | 36,492 | ||||||
Kimberly-Clark Corp. | 383,395 | 23,449 | ||||||
The Clorox Co. | 127,857 | 7,573 | ||||||
The Estee Lauder Cos., Inc., Class A | 98,326 | 4,179 | ||||||
The Procter & Gamble Co. | 2,773,990 | 160,891 | ||||||
245,116 | ||||||||
Insurance 2.6% | ||||||||
Aflac, Inc. | 429,773 | 17,831 | ||||||
American International Group, Inc. (c)* | 144,577 | 4,861 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Aon Corp. | 276,350 | 10,642 | ||||||
Assurant, Inc. | 89,346 | 2,674 | ||||||
Cincinnati Financial Corp. | 155,203 | 3,936 | ||||||
Genworth Financial, Inc., Class A * | 557,864 | 5,925 | ||||||
Lincoln National Corp. | 270,971 | 6,457 | ||||||
Loews Corp. | 338,716 | 11,212 | ||||||
Marsh & McLennan Cos., Inc. | 485,779 | 11,396 | ||||||
MBIA, Inc. * | 132,213 | 537 | ||||||
MetLife, Inc. | 777,377 | 26,454 | ||||||
Principal Financial Group, Inc. | 338,767 | 8,483 | ||||||
Prudential Financial, Inc. | 428,131 | 19,364 | ||||||
The Allstate Corp. | 502,110 | 14,847 | ||||||
The Chubb Corp. | 333,893 | 16,201 | ||||||
The Hartford Financial Services Group, Inc. | 369,895 | 9,070 | ||||||
The Progressive Corp. * | 641,620 | 10,266 | ||||||
The Travelers Cos., Inc. | 545,160 | 27,144 | ||||||
Torchmark Corp. | 92,541 | 3,757 | ||||||
Unum Group | 316,540 | 6,315 | ||||||
XL Capital Ltd., Class A | 385,099 | 6,319 | ||||||
223,691 | ||||||||
Materials 3.4% | ||||||||
Air Products & Chemicals, Inc. | 203,601 | 15,704 | ||||||
Airgas, Inc. | 76,600 | 3,398 | ||||||
AK Steel Holding Corp. | 140,900 | 2,236 | ||||||
Alcoa, Inc. | 997,764 | 12,392 | ||||||
Allegheny Technologies, Inc. | 126,570 | 3,906 | ||||||
Ball Corp. | 90,069 | 4,443 | ||||||
Bemis Co., Inc. | 88,735 | 2,292 | ||||||
CF Industries Holdings, Inc. | 41,525 | 3,457 | ||||||
E.I. Du Pont De Nemours & Co. * | 853,204 | 27,149 | ||||||
Eastman Chemical Co. | 74,058 | 3,889 | ||||||
Ecolab, Inc. | 197,228 | 8,670 | ||||||
FMC Corp. | 42,000 | 2,146 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 387,270 | 28,410 | ||||||
International Flavors & Fragrances, Inc. | 71,843 | 2,737 | ||||||
International Paper Co. | 438,589 | 9,785 | ||||||
MeadWestvaco Corp. | 155,750 | 3,556 | ||||||
Monsanto Co. | 509,200 | 34,208 | ||||||
Newmont Mining Corp. | 457,546 | 19,885 | ||||||
Nucor Corp. | 293,500 | 11,696 | ||||||
Owens-Illinois, Inc. * | 157,500 | 5,021 | ||||||
Pactiv Corp. * | 121,643 | 2,809 | ||||||
PPG Industries, Inc. | 160,248 | 9,043 | ||||||
Praxair, Inc. | 287,779 | 22,861 | ||||||
Sealed Air Corp. | 145,968 | 2,807 | ||||||
Sigma-Aldrich Corp. | 116,454 | 6,047 | ||||||
The Dow Chemical Co. | 1,037,835 | 24,368 | ||||||
Titanium Metals Corp. | 82,800 | 712 | ||||||
United States Steel Corp. | 163,113 | 5,626 | ||||||
Vulcan Materials Co. | 106,571 | 4,905 | ||||||
Weyerhaeuser Co. | 202,275 | 7,351 | ||||||
291,509 | �� | |||||||
Media 2.6% | ||||||||
CBS Corp., Class B | 633,936 | 7,461 | ||||||
Comcast Corp., Class A | 2,670,464 | 38,722 | ||||||
Gannett Co., Inc. | 207,114 | 2,034 | ||||||
Meredith Corp. | 33,112 | 896 | ||||||
News Corp., Class A | 2,142,001 | 24,676 | ||||||
Omnicom Group, Inc. | 293,147 | 10,049 | ||||||
Scripps Networks Interactive, Class A | 91,193 | 3,444 | ||||||
The DIRECTV Group, Inc. * | 481,402 | 12,661 | ||||||
The Interpublic Group of Cos., Inc. * | 394,465 | 2,375 | ||||||
The McGraw-Hill Cos., Inc. | 298,767 | 8,599 | ||||||
The New York Times Co., Class A | 113,434 | 904 | ||||||
The Walt Disney Co. | 1,741,483 | 47,664 | ||||||
The Washington Post Co., Class B | 5,369 | 2,319 | ||||||
Time Warner Cable, Inc. | 335,101 | 13,216 | ||||||
Time Warner, Inc. | 1,108,674 | 33,393 | ||||||
Viacom, Inc., Class B * | 574,153 | 15,841 | ||||||
224,254 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.6% | ||||||||
Abbott Laboratories | 1,459,286 | 73,796 | ||||||
Allergan, Inc. | 283,958 | 15,973 | ||||||
Amgen, Inc. * | 973,659 | 52,315 | ||||||
Biogen Idec, Inc. * | 273,891 | 11,539 | ||||||
Bristol-Myers Squibb Co. | 1,879,964 | 40,983 | ||||||
Celgene Corp. * | 434,613 | 22,187 | ||||||
Cephalon, Inc. * | 67,600 | 3,690 | ||||||
Eli Lilly & Co. | 966,023 | 32,854 | ||||||
Forest Laboratories, Inc. * | 289,564 | 8,012 | ||||||
Genzyme Corp. * | 250,448 | 12,673 | ||||||
Gilead Sciences, Inc. * | 858,875 | 36,545 | ||||||
Johnson & Johnson | 2,613,325 | 154,317 | ||||||
King Pharmaceuticals, Inc. * | 267,725 | 2,712 | ||||||
Life Technologies Corp. * | 151,835 | 7,162 | ||||||
Merck & Co., Inc. * | 2,017,243 | 62,393 | ||||||
Millipore Corp. * | 46,360 | 3,107 | ||||||
Mylan, Inc. * | 261,751 | 4,251 | ||||||
PerkinElmer, Inc. | 105,660 | 1,966 | ||||||
Pfizer, Inc. | 7,632,933 | 129,989 | ||||||
Schering-Plough Corp. | 1,544,601 | 43,558 | ||||||
Thermo Fisher Scientific, Inc. * | 386,537 | 17,394 | ||||||
Waters Corp. * | 90,352 | 5,189 | ||||||
Watson Pharmaceuticals, Inc. * | 107,446 | 3,698 | ||||||
746,303 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Real Estate 1.1% | ||||||||
Apartment Investment & Management Co., Class A | 126,014 | 1,556 | ||||||
AvalonBay Communities, Inc. | 68,799 | 4,732 | ||||||
Boston Properties, Inc. | 124,976 | 7,595 | ||||||
CB Richard Ellis Group, Inc., Class A * | 233,040 | 2,412 | ||||||
Equity Residential | 250,522 | 7,235 | ||||||
HCP, Inc. | 252,000 | 7,457 | ||||||
Health Care REIT, Inc. | 96,900 | 4,299 | ||||||
Host Hotels & Resorts, Inc. | 513,262 | 5,189 | ||||||
Kimco Realty Corp. | 304,959 | 3,855 | ||||||
Plum Creek Timber Co., Inc. | 158,777 | 4,968 | ||||||
ProLogis | 456,746 | 5,175 | ||||||
Public Storage, Inc. | 115,678 | 8,514 | ||||||
Simon Property Group, Inc. | 257,062 | 17,452 | ||||||
Ventas, Inc. | 145,300 | 5,831 | ||||||
Vornado Realty Trust | 137,616 | 8,196 | ||||||
94,466 | ||||||||
Retailing 3.4% | ||||||||
Abercrombie & Fitch Co., Class A | 91,645 | 3,008 | ||||||
Amazon.com, Inc. * | 298,090 | 35,416 | ||||||
AutoNation, Inc. * | 157,133 | 2,709 | ||||||
AutoZone, Inc. * | 39,898 | 5,399 | ||||||
Bed Bath & Beyond, Inc. * | 259,369 | 9,132 | ||||||
Best Buy Co., Inc. | 328,157 | 12,529 | ||||||
Big Lots, Inc. * | 95,867 | 2,401 | ||||||
Expedia, Inc. * | 190,226 | 4,312 | ||||||
Family Dollar Stores, Inc. | 137,730 | 3,898 | ||||||
GameStop Corp., Class A * | 146,800 | 3,566 | ||||||
Genuine Parts Co. | 152,738 | 5,344 | ||||||
J.C. Penney Co., Inc. | 207,121 | 6,862 | ||||||
Kohl’s Corp. * | 288,610 | 16,514 | ||||||
Limited Brands, Inc. | 298,335 | 5,251 | ||||||
Lowe’s Cos., Inc. | 1,362,588 | 26,666 | ||||||
Macy���s, Inc. | 425,926 | 7,484 | ||||||
Nordstrom, Inc. | 169,996 | 5,402 | ||||||
O’Reilly Automotive, Inc. * | 128,200 | 4,779 | ||||||
Office Depot, Inc. * | 436,827 | 2,643 | ||||||
RadioShack Corp. | 189,646 | 3,203 | ||||||
Sears Holdings Corp. (c)* | 63,126 | 4,284 | ||||||
Staples, Inc. | 653,469 | 14,180 | ||||||
Target Corp. | 711,108 | 34,439 | ||||||
The Gap, Inc. | 450,962 | 9,624 | ||||||
The Home Depot, Inc. | 1,591,050 | 39,919 | ||||||
The Sherwin-Williams Co. | 101,636 | 5,797 | ||||||
The TJX Cos., Inc. | 405,453 | 15,144 | ||||||
Tiffany & Co. | 137,028 | 5,384 | ||||||
295,289 | ||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||
Advanced Micro Devices, Inc. * | 484,339 | 2,228 | ||||||
Altera Corp. | 301,746 | 5,972 | ||||||
Analog Devices, Inc. | 296,254 | 7,593 | ||||||
Applied Materials, Inc. | 1,289,472 | 15,732 | ||||||
Broadcom Corp., Class A * | 422,318 | 11,238 | ||||||
Intel Corp. | 5,301,505 | 101,312 | ||||||
KLA-Tencor Corp. | 191,181 | 6,215 | ||||||
Linear Technology Corp. | 214,968 | 5,563 | ||||||
LSI Corp. * | 437,376 | 2,239 | ||||||
MEMC Electronic Materials, Inc. * | 191,927 | 2,384 | ||||||
Microchip Technology, Inc. | 161,223 | 3,863 | ||||||
Micron Technology, Inc. * | 623,775 | 4,235 | ||||||
National Semiconductor Corp. | 214,375 | 2,774 | ||||||
Novellus Systems, Inc. * | 101,311 | 2,085 | ||||||
NVIDIA Corp. * | 500,082 | 5,981 | ||||||
Teradyne, Inc. * | 180,449 | 1,510 | ||||||
Texas Instruments, Inc. | 1,213,354 | 28,453 | ||||||
Xilinx, Inc. | 269,163 | 5,854 | ||||||
215,231 | ||||||||
Software & Services 7.3% | ||||||||
Adobe Systems, Inc. * | 501,976 | 16,535 | ||||||
Affiliated Computer Services, Inc., Class A * | 93,947 | 4,894 | ||||||
Akamai Technologies, Inc. * | 145,141 | 3,193 | ||||||
Autodesk, Inc. * | 228,181 | 5,688 | ||||||
Automatic Data Processing, Inc. | 476,173 | 18,952 | ||||||
BMC Software, Inc. * | 186,239 | 6,921 | ||||||
CA, Inc. | 370,925 | 7,760 | ||||||
Citrix Systems, Inc. * | 160,708 | 5,908 | ||||||
Cognizant Technology Solutions Corp., Class A * | 271,648 | 10,499 | ||||||
Computer Sciences Corp. * | 144,040 | 7,304 | ||||||
Compuware Corp. * | 278,185 | 1,964 | ||||||
Convergys Corp. * | 132,338 | 1,436 | ||||||
eBay, Inc. * | 1,001,569 | 22,305 | ||||||
Electronic Arts, Inc. * | 364,392 | 6,646 | ||||||
Fidelity National Information Services, Inc. | 244,734 | 5,325 | ||||||
Fiserv, Inc. * | 150,352 | 6,897 | ||||||
Google, Inc., Class A * | 224,058 | 120,122 | ||||||
Intuit, Inc. * | 302,909 | 8,806 | ||||||
MasterCard, Inc., Class A | 85,500 | 18,726 | ||||||
McAfee, Inc. * | 137,400 | 5,754 | ||||||
Microsoft Corp. | 7,291,231 | 202,186 | ||||||
Novell, Inc. * | 325,547 | 1,331 | ||||||
Oracle Corp. | 3,629,986 | 76,593 | ||||||
Paychex, Inc. | 305,065 | 8,667 | ||||||
Red Hat, Inc. * | 148,000 | 3,820 | ||||||
Salesforce.com, Inc. * | 94,871 | 5,384 | ||||||
Symantec Corp. * | 793,350 | 13,947 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Total System Services, Inc. | 177,100 | 2,828 | ||||||
VeriSign, Inc. * | 180,525 | 4,118 | ||||||
Western Union Co. | 678,625 | 12,331 | ||||||
Yahoo!, Inc. * | 1,242,355 | 19,753 | ||||||
636,593 | ||||||||
Technology Hardware & Equipment 9.1% | ||||||||
Agilent Technologies, Inc. * | 369,166 | 9,133 | ||||||
Amphenol Corp., Class A | 161,800 | 6,492 | ||||||
Apple, Inc. * | 842,540 | 158,819 | ||||||
Ciena Corp. * | 73,599 | 863 | ||||||
Cisco Systems, Inc. * | 5,483,828 | 125,306 | ||||||
Corning, Inc. | 1,450,987 | 21,199 | ||||||
Dell, Inc. * | 1,723,885 | 24,979 | ||||||
EMC Corp. * | 1,918,045 | 31,590 | ||||||
FLIR Systems, Inc. * | 129,500 | 3,601 | ||||||
Harris Corp. | 129,300 | 5,394 | ||||||
Hewlett-Packard Co. | 2,260,008 | 107,260 | ||||||
International Business Machines Corp. | 1,247,990 | 150,520 | ||||||
Jabil Circuit, Inc. | 170,686 | 2,284 | ||||||
JDS Uniphase Corp. * | 191,981 | 1,073 | ||||||
Juniper Networks, Inc. * | 491,565 | 12,540 | ||||||
Lexmark International, Inc., Class A * | 83,508 | 2,130 | ||||||
Molex, Inc. | 126,666 | 2,365 | ||||||
Motorola, Inc. | 2,130,254 | 18,256 | ||||||
NetApp, Inc. * | 332,174 | 8,985 | ||||||
QLogic Corp. * | 146,917 | 2,577 | ||||||
QUALCOMM, Inc. | 1,563,665 | 64,751 | ||||||
SanDisk Corp. * | 177,824 | 3,642 | ||||||
Sun Microsystems, Inc. * | 845,669 | 6,918 | ||||||
Tellabs, Inc. * | 436,856 | 2,630 | ||||||
Teradata Corp. * | 161,371 | 4,499 | ||||||
Western Digital Corp. * | 206,000 | 6,938 | ||||||
Xerox Corp. | 876,238 | 6,589 | ||||||
791,333 | ||||||||
Telecommunication Services 3.0% | ||||||||
American Tower Corp., Class A * | 358,600 | 13,204 | ||||||
AT&T, Inc. | 5,502,536 | 141,250 | ||||||
CenturyTel, Inc. | 293,318 | 9,521 | ||||||
Frontier Communications Corp. | 302,278 | 2,167 | ||||||
MetroPCS Communications, Inc. * | 120,000 | 748 | ||||||
Qwest Communications International, Inc. | 1,415,741 | 5,082 | ||||||
Sprint Nextel Corp. * | 3,022,208 | 8,946 | ||||||
Verizon Communications, Inc. | 2,648,178 | 78,360 | ||||||
Windstream Corp. | 396,374 | 3,821 | ||||||
263,099 | ||||||||
Transportation 2.0% | ||||||||
Burlington Northern Santa Fe Corp. | 265,530 | 20,000 | ||||||
C.H. Robinson Worldwide, Inc. | 157,695 | 8,691 | ||||||
CSX Corp. | 377,597 | 15,927 | ||||||
Expeditors International of Washington, Inc. | 182,700 | 5,887 | ||||||
FedEx Corp. | 289,468 | 21,041 | ||||||
Norfolk Southern Corp. | 352,392 | 16,428 | ||||||
Ryder System, Inc. | 60,702 | 2,461 | ||||||
Southwest Airlines Co. | 793,236 | 6,663 | ||||||
Union Pacific Corp. | 471,475 | 25,997 | ||||||
United Parcel Service, Inc., Class B | 932,518 | 50,058 | ||||||
173,153 | ||||||||
Utilities 3.6% | ||||||||
Allegheny Energy, Inc. | 158,380 | 3,614 | ||||||
Ameren Corp. | 217,420 | 5,292 | ||||||
American Electric Power Co., Inc. | 445,802 | 13,472 | ||||||
CenterPoint Energy, Inc. | 346,166 | 4,362 | ||||||
CMS Energy Corp. | 212,084 | 2,821 | ||||||
Consolidated Edison, Inc. | 256,565 | 10,437 | ||||||
Constellation Energy Group, Inc. | 182,265 | 5,636 | ||||||
Dominion Resources, Inc. | 551,564 | 18,803 | ||||||
DTE Energy Co. | 153,312 | 5,669 | ||||||
Duke Energy Corp. | 1,203,398 | 19,038 | ||||||
Dynegy, Inc., Class A * | 883,608 | 1,767 | ||||||
Edison International | 306,093 | 9,740 | ||||||
Entergy Corp. | 183,353 | 14,067 | ||||||
EQT Corp. | 122,400 | 5,124 | ||||||
Exelon Corp. | 615,890 | 28,922 | ||||||
FirstEnergy Corp. | 285,055 | 12,337 | ||||||
FPL Group, Inc. | 384,238 | 18,866 | ||||||
Integrys Energy Group, Inc. | 71,494 | 2,474 | ||||||
Nicor, Inc. | 34,408 | 1,276 | ||||||
NiSource, Inc. | 256,762 | 3,317 | ||||||
Northeast Utilities | 163,700 | 3,773 | ||||||
Pepco Holdings, Inc. | 205,700 | 3,071 | ||||||
PG&E Corp. | 342,106 | 13,989 | ||||||
Pinnacle West Capital Corp. | 94,461 | 2,958 | ||||||
PPL Corp. | 349,870 | 10,300 | ||||||
Progress Energy, Inc. | 260,859 | 9,790 | ||||||
Public Service Enterprise Group, Inc. | 472,170 | 14,071 | ||||||
Questar Corp. | 162,691 | 6,482 | ||||||
SCANA Corp. | 113,900 | 3,854 | ||||||
Sempra Energy | 240,269 | 12,362 | ||||||
Southern Co. | 731,525 | 22,816 | ||||||
TECO Energy, Inc. | 194,819 | 2,794 | ||||||
The AES Corp. * | 623,349 | 8,147 | ||||||
Wisconsin Energy Corp. | 109,300 | 4,773 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Xcel Energy, Inc. | 421,186 | 7,944 | ||||||
314,158 | ||||||||
Total Common Stock (Cost $8,375,082) | 8,609,029 | |||||||
Face Amount | Value | |||||||
Security Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 1.0% of net assets | ||||||||
Commercial Paper & Other Obligation 0.9% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 77,146 | 77,146 | ||||||
U.S. Treasury Obligations 0.1% | ||||||||
U.S. Treasury Bill | ||||||||
0.08%, 12/17/09 (a) | 10,000 | 9,999 | ||||||
0.06%, 12/17/09 (a) | 3 | 3 | ||||||
U.S. Treasury Bills | ||||||||
0.05%, 12/17/09 (a) | 3,950 | 3,950 | ||||||
13,952 | ||||||||
Total Short-Term Investments (Cost $91,098) | 91,098 | |||||||
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||
Invesco Aim Short Term Investments Trust Government & Agency Portfolio | 9,400,870 | 9,401 | ||||||
Total Collateral Invested for Securities on Loan (Cost $9,401) | 9,401 | |||||||
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | All or a portion of this security is on loan. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
S&P 500 Index, e-mini, Long, expires 12/18/09 | 1,800 | 92,970 | (27 | ) |
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98.8 | % | Common Stock | 1,189,556 | 1,128,071 | ||||||||
— | % | Rights | — | — | ||||||||
0.7 | % | Short-Term Investments | 8,105 | 8,105 | ||||||||
99.5 | % | Total Investments | 1,197,661 | 1,136,176 | ||||||||
0.5 | % | Other Assets and Liabilities, Net | 5,773 | |||||||||
100.0 | % | Net Assets | 1,141,949 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 98.8% of net assets | ||||||||
Automobiles & Components 0.6% | ||||||||
Cooper Tire & Rubber Co. | 96,123 | 1,467 | ||||||
Exide Technologies * | 176,700 | 1,082 | ||||||
Federal-Mogul Corp. * | 56,700 | 632 | ||||||
Fuel Systems Solutions, Inc. * | 22,000 | 720 | ||||||
Thor Industries, Inc. | 57,864 | 1,517 | ||||||
TRW Automotive Holdings Corp. * | 97,800 | 1,531 | ||||||
6,949 | ||||||||
Banks 5.8% | ||||||||
1st Source Corp. | 19,221 | 285 | ||||||
Abington Bancorp, Inc. | 24,900 | 171 | ||||||
BancFirst Corp. | 13,416 | 484 | ||||||
Bank Mutual Corp. | 82,693 | 580 | ||||||
Bank of the Ozarks, Inc. | 22,300 | 507 | ||||||
Beneficial Mutual Bancorp, Inc. * | 60,203 | 557 | ||||||
Boston Private Financial Holdings, Inc. | 114,100 | 679 | ||||||
Brookline Bancorp, Inc. | 96,492 | 945 | ||||||
Capital City Bank Group, Inc. | 15,400 | 181 | ||||||
Cathay General Bancorp | 82,622 | 730 | ||||||
Chemical Financial Corp. | 41,203 | 904 | ||||||
Citizens Republic Bancorp, Inc. * | 225,528 | 136 | ||||||
City Holding Co. | 31,200 | 954 | ||||||
Community Bank System, Inc. | 52,700 | 981 | ||||||
Community Trust Bancorp, Inc. | 22,800 | 561 | ||||||
CVB Financial Corp. | 109,819 | 880 | ||||||
Dime Community Bancshares | 44,400 | 488 | ||||||
Doral Financial Corp. * | 40,979 | 116 | ||||||
East West Bancorp, Inc. | 131,800 | 1,190 | ||||||
F.N.B. Corp. | 143,237 | 1,014 | ||||||
Fannie Mae * | 1,925,800 | 2,080 | ||||||
First BanCorp Puerto Rico | 154,877 | 293 | ||||||
First Busey Corp. | 42,000 | 163 | ||||||
First Commonwealth Financial Corp. | 121,256 | 637 | ||||||
First Financial Bancorp | 52,189 | 662 | ||||||
First Financial Bankshares, Inc. | 40,721 | 1,973 | ||||||
First Financial Corp. | 10,300 | 286 | ||||||
First Merchants Corp. | 38,100 | 233 | ||||||
First Midwest Bancorp, Inc. | 98,263 | 1,022 | ||||||
Freddie Mac * | 1,158,000 | 1,424 | ||||||
Glacier Bancorp, Inc. | 105,811 | 1,385 | ||||||
Hancock Holding Co. | 47,610 | 1,727 | ||||||
Harleysville National Corp. | 50,500 | 291 | ||||||
Home Bancshares, Inc. | 23,800 | 515 | ||||||
IBERIABANK Corp. | 27,800 | 1,204 | ||||||
Independent Bank Corp. | 29,100 | 619 | ||||||
Kearny Financial Corp. | 29,200 | 288 | ||||||
MB Financial, Inc. | 62,424 | 1,116 | ||||||
MGIC Investment Corp. * | 223,800 | 965 | ||||||
National Penn Bancshares, Inc. | 192,378 | 1,081 | ||||||
NBT Bancorp, Inc. | 56,685 | 1,236 | ||||||
Northfield Bancorp, Inc. | 17,200 | 214 | ||||||
Northwest Bancorp, Inc. | 37,693 | 829 | ||||||
Ocwen Financial Corp. * | 97,300 | 1,063 | ||||||
Old National Bancorp | 132,583 | 1,375 | ||||||
Oritani Financial Corp. | 17,500 | 224 | ||||||
Pacific Capital Bancorp | 83,442 | 108 | ||||||
PacWest Bancorp | 38,016 | 645 | ||||||
Park National Corp. | 20,953 | 1,217 | ||||||
Pinnacle Financial Partners, Inc. * | 39,532 | 502 | ||||||
PrivateBancorp, Inc. | 65,476 | 598 | ||||||
Prosperity Bancshares, Inc. | 73,365 | 2,626 | ||||||
Provident Financial Services, Inc. | 94,551 | 1,016 | ||||||
Provident New York Bancorp | 50,000 | 426 | ||||||
Republic Bancorp, Inc., Class A | 15,900 | 292 | ||||||
Roma Financial Corp. | 17,700 | 219 | ||||||
S&T Bancorp, Inc. | 39,081 | 615 | ||||||
S.Y. Bancorp, Inc. | 19,500 | 436 | ||||||
Sandy Spring Bancorp, Inc. | 29,400 | 340 | ||||||
Santander BanCorp * | 7,400 | 85 | ||||||
SCBT Financial Corp. | 16,200 | 419 | ||||||
Signature Bank * | 62,209 | 1,963 | ||||||
Simmons First National Corp., Class A | 17,700 | 518 | ||||||
StellarOne Corp. | 29,700 | 315 | ||||||
Sterling Bancshares, Inc. | 129,512 | 721 |
See financial notes. 1
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Sterling Financial Corp. * | 82,747 | 66 | ||||||
Susquehanna Bancshares, Inc. | 170,308 | 938 | ||||||
SVB Financial Group * | 56,123 | 2,315 | ||||||
Texas Capital Bancshares, Inc. * | 37,400 | 545 | ||||||
Tompkins Financial Corp. | 10,300 | 447 | ||||||
TowneBank | 24,400 | 282 | ||||||
TriCo Bancshares | 22,500 | 329 | ||||||
TrustCo Bank Corp. NY | 124,802 | 743 | ||||||
Trustmark Corp. | 86,177 | 1,633 | ||||||
UCBH Holdings, Inc. | 201,725 | 198 | ||||||
Umpqua Holdings Corp. | 114,795 | 1,138 | ||||||
United Bankshares, Inc. | 63,122 | 1,127 | ||||||
United Community Banks, Inc. * | 69,931 | 284 | ||||||
Univest Corp. of Pennsylvania | 13,800 | 265 | ||||||
ViewPoint Financial Group | 10,100 | 135 | ||||||
Washington Federal, Inc. | 171,039 | 2,933 | ||||||
Webster Financial Corp. | 118,400 | 1,339 | ||||||
WesBanco, Inc. | 44,198 | 625 | ||||||
Western Alliance Bancorp * | 36,100 | 157 | ||||||
Whitney Holding Corp. | 105,800 | 850 | ||||||
Wintrust Financial Corp. | 39,055 | 1,102 | ||||||
65,760 | ||||||||
Capital Goods 9.9% | ||||||||
A.O. Smith Corp. | 38,730 | 1,535 | ||||||
AAON, Inc. | 23,100 | 416 | ||||||
AAR CORP. * | 63,597 | 1,247 | ||||||
Actuant Corp., Class A | 111,448 | 1,740 | ||||||
Aerovironment, Inc. * | 27,900 | 744 | ||||||
Aircastle Ltd. | 101,800 | 806 | ||||||
Albany International Corp., Class A | 44,500 | 741 | ||||||
American Science & Engineering, Inc. | 15,700 | 1,038 | ||||||
American Superconductor Corp. * | 70,553 | 2,365 | ||||||
Ameron International Corp. | 15,500 | 914 | ||||||
Apogee Enterprises, Inc. | 49,200 | 651 | ||||||
Applied Industrial Technologies, Inc. | 60,166 | 1,217 | ||||||
Argon ST, Inc. * | 18,800 | 350 | ||||||
Astec Industries, Inc. * | 32,695 | 752 | ||||||
Badger Meter, Inc. | 24,303 | 906 | ||||||
Baldor Electric Co. | 77,708 | 2,009 | ||||||
Barnes Group, Inc. | 76,840 | 1,218 | ||||||
BE Aerospace, Inc. * | 178,000 | 3,156 | ||||||
Beacon Roofing Supply, Inc. * | 74,882 | 1,075 | ||||||
Belden, Inc. | 83,200 | 1,909 | ||||||
Blount International, Inc. * | 62,762 | 567 | ||||||
Brady Corp., Class A | 88,529 | 2,397 | ||||||
Briggs & Stratton Corp. | 83,093 | 1,554 | ||||||
Cascade Corp. | 12,800 | 318 | ||||||
Ceradyne, Inc. * | 47,012 | 758 | ||||||
Chart Industries, Inc. * | 48,200 | 953 | ||||||
CIRCOR International, Inc. | 28,200 | 768 | ||||||
Colfax Corp. * | 36,200 | 394 | ||||||
Comfort Systems USA, Inc. | 70,700 | 771 | ||||||
Cubic Corp. | 26,015 | 903 | ||||||
Dycom Industries, Inc. * | 58,132 | 574 | ||||||
DynCorp International, Inc., Class A * | 40,399 | 687 | ||||||
EMCOR Group, Inc. * | 117,104 | 2,766 | ||||||
Encore Wire Corp. | 31,541 | 654 | ||||||
Ener1, Inc. * | 65,600 | 327 | ||||||
Energy Conversion Devices, Inc. * | 81,763 | 881 | ||||||
Energy Recovery, Inc. * | 35,401 | 198 | ||||||
EnerSys * | 73,278 | 1,619 | ||||||
EnPro Industries, Inc. * | 46,400 | 1,048 | ||||||
ESCO Technologies, Inc. * | 46,769 | 1,837 | ||||||
Esterline Technologies Corp. * | 57,611 | 2,426 | ||||||
Evergreen Solar, Inc. * | 217,289 | 315 | ||||||
Federal Signal Corp. | 80,759 | 496 | ||||||
Force Protection, Inc. * | 122,200 | 538 | ||||||
Franklin Electric Co., Inc. | 37,818 | 1,032 | ||||||
Gardner Denver, Inc. * | 87,512 | 3,143 | ||||||
Gibraltar Industries, Inc. | 48,272 | 522 | ||||||
GrafTech International Ltd. * | 214,300 | 2,893 | ||||||
Griffon Corp. * | 77,421 | 679 | ||||||
GT Solar International, Inc. * | 71,600 | 376 | ||||||
HEICO Corp., Class A | 23,724 | 732 | ||||||
Hexcel Corp. * | 172,383 | 1,896 | ||||||
II-VI, Inc. * | 40,100 | 1,061 | ||||||
Insituform Technologies, Inc., Class A * | 45,900 | 973 | ||||||
Interline Brands, Inc. * | 53,034 | 774 | ||||||
Kaman Corp. | 42,349 | 875 | ||||||
Kaydon Corp. | 57,735 | 2,020 | ||||||
Layne Christensen Co. * | 39,911 | 1,034 | ||||||
Lindsay Corp. | 27,400 | 900 | ||||||
MasTec, Inc. * | 73,273 | 865 | ||||||
Michael Baker Corp. * | 13,900 | 496 | ||||||
Mueller Industries, Inc. | 74,724 | 1,768 | ||||||
Mueller Water Products, Inc., Class A | 189,300 | 848 | ||||||
NACCO Industries, Inc., Class A | 9,477 | 565 | ||||||
NCI Building Systems, Inc. * | 34,206 | 67 | ||||||
Nordson Corp. | 61,043 | 3,221 | ||||||
Northwest Pipe Co. * | 16,400 | 494 | ||||||
Orbital Sciences Corp. * | 114,336 | 1,473 | ||||||
Oshkosh Corp. | 133,200 | 4,164 | ||||||
Otter Tail Corp. | 63,309 | 1,473 | ||||||
Pike Electric Corp. * | 32,300 | 405 | ||||||
Polypore International, Inc. * | 44,300 | 486 | ||||||
Quanex Building Products Corp. | 67,404 | 1,002 | ||||||
Raven Industries, Inc. | 22,200 | 548 | ||||||
RBC Bearings, Inc. * | 36,000 | 774 | ||||||
Regal-Beloit Corp. | 56,847 | 2,665 |
2 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Robbins & Myers, Inc. | 56,800 | 1,318 | ||||||
RSC Holdings, Inc. * | 62,000 | 418 | ||||||
Rush Enterprises, Inc., Class A * | 56,287 | 615 | ||||||
Sauer-Danfoss, Inc. | 14,000 | 101 | ||||||
Simpson Manufacturing Co., Inc. | 61,894 | 1,448 | ||||||
Stanley, Inc. * | 24,000 | 678 | ||||||
TAL International Group, Inc. | 23,100 | 274 | ||||||
Taser International, Inc. * | 107,100 | 438 | ||||||
Tennant Co. | 31,200 | 832 | ||||||
Textainer Group Holdings Ltd. | 23,000 | 346 | ||||||
The Gorman-Rupp Co. | 25,700 | 635 | ||||||
The Manitowoc Co., Inc. | 233,200 | 2,131 | ||||||
The Middleby Corp. * | 33,052 | 1,498 | ||||||
The Toro Co. | 63,535 | 2,352 | ||||||
Titan International, Inc. | 56,925 | 478 | ||||||
Tredegar Corp. | 29,800 | 406 | ||||||
Triumph Group, Inc. | 29,701 | 1,390 | ||||||
Tutor Perini Corp. * | 54,930 | 970 | ||||||
United Rentals, Inc. * | 92,000 | 873 | ||||||
Universal Forest Products, Inc. | 29,262 | 1,044 | ||||||
Watsco, Inc. | 49,282 | 2,524 | ||||||
Watts Water Technologies, Inc., Class A | 57,807 | 1,633 | ||||||
WESCO International, Inc. * | 75,800 | 1,937 | ||||||
113,101 | ||||||||
Commercial & Professional Supplies 3.4% | ||||||||
ABM Industries, Inc. | 90,109 | 1,692 | ||||||
Administaff, Inc. | 36,310 | 901 | ||||||
American Ecology Corp. | 21,300 | 354 | ||||||
American Reprographics Co. * | 60,787 | 365 | ||||||
CBIZ, Inc. * | 73,222 | 516 | ||||||
CoStar Group, Inc. * | 36,483 | 1,416 | ||||||
Deluxe Corp. | 84,546 | 1,203 | ||||||
EnergySolutions, Inc. | 65,000 | 542 | ||||||
Ennis, Inc. | 39,000 | 591 | ||||||
Exponent, Inc. * | 18,400 | 479 | ||||||
First Advantage Corp., Class A * | 17,552 | 309 | ||||||
G & K Services, Inc., Class A | 29,330 | 650 | ||||||
Healthcare Services Group, Inc. | 71,150 | 1,405 | ||||||
Heidrick & Struggles International, Inc. | 25,600 | 700 | ||||||
Herman Miller, Inc. | 95,700 | 1,479 | ||||||
HNI Corp. | 75,200 | 1,979 | ||||||
Huron Consulting Group, Inc. * | 37,500 | 870 | ||||||
ICF International, Inc. * | 13,000 | 372 | ||||||
Innerworkings, Inc. * | 111,400 | 574 | ||||||
Interface, Inc., Class A | 90,700 | 704 | ||||||
Kelly Services, Inc., Class A | 46,723 | 518 | ||||||
Kimball International, Inc., Class B | 41,251 | 309 | ||||||
Knoll, Inc. | 71,903 | 705 | ||||||
Korn/Ferry International * | 78,461 | 1,252 | ||||||
M&F Worldwide Corp. * | 32,570 | 693 | ||||||
McGrath Rentcorp | 38,898 | 768 | ||||||
Mine Safety Appliances Co. | 48,689 | 1,241 | ||||||
Mobile Mini, Inc. * | 56,768 | 823 | ||||||
MPS Group, Inc. * | 152,646 | 2,064 | ||||||
Navigant Consulting, Inc. * | 77,748 | 1,107 | ||||||
Resources Connection, Inc. * | 75,550 | 1,305 | ||||||
School Specialty, Inc. * | 26,093 | 581 | ||||||
Steelcase, Inc., Class A | 104,242 | 602 | ||||||
Sykes Enterprises, Inc. * | 54,693 | 1,298 | ||||||
Team, Inc. * | 33,700 | 547 | ||||||
The Advisory Board Co. * | 27,976 | 689 | ||||||
The Corporate Executive Board Co. | 69,400 | 1,666 | ||||||
The Geo Group, Inc. * | 103,700 | 2,193 | ||||||
TrueBlue, Inc. * | 69,376 | 839 | ||||||
United Stationers, Inc. * | 48,467 | 2,285 | ||||||
Viad Corp. | 33,896 | 593 | ||||||
39,179 | ||||||||
Consumer Durables & Apparel 4.1% | ||||||||
American Greetings Corp., Class A | 67,111 | 1,365 | ||||||
Brunswick Corp. | 129,500 | 1,228 | ||||||
Callaway Golf Co. | 133,369 | 912 | ||||||
Carter’s, Inc. * | 92,314 | 2,179 | ||||||
Columbia Sportswear Co. | 18,919 | 720 | ||||||
Deckers Outdoor Corp. * | 24,500 | 2,197 | ||||||
Ethan Allen Interiors, Inc. | 42,479 | 529 | ||||||
Fossil, Inc. * | 79,900 | 2,136 | ||||||
Helen of Troy Ltd. * | 54,100 | 1,236 | ||||||
Iconix Brand Group, Inc. * | 104,300 | 1,216 | ||||||
JAKKS Pacific, Inc. * | 62,174 | 885 | ||||||
Jarden Corp. | 138,808 | 3,802 | ||||||
Jones Apparel Group, Inc. | 123,300 | 2,206 | ||||||
K-Swiss, Inc., Class A | 65,428 | 534 | ||||||
Meritage Homes Corp. * | 59,885 | 1,092 | ||||||
National Presto Industries, Inc. | 8,600 | 748 | ||||||
Phillips-Van Heusen Corp. | 92,100 | 3,698 | ||||||
Polaris Industries, Inc. | 53,323 | 2,243 | ||||||
Pool Corp. | 85,777 | 1,679 | ||||||
Skechers U.S.A., Inc., Class A * | 50,278 | 1,097 | ||||||
Steven Madden Ltd. * | 32,000 | 1,296 | ||||||
Tempur-Pedic International, Inc. * | 133,862 | 2,593 | ||||||
The Ryland Group, Inc. | 76,500 | 1,419 | ||||||
The Timberland Co., Class A * | 69,660 | 1,127 | ||||||
The Warnaco Group, Inc. * | 78,463 | 3,180 | ||||||
Under Armour, Inc., Class A * | 59,920 | 1,609 | ||||||
UniFirst Corp. | 21,635 | 910 | ||||||
Weyco Group, Inc. | 3,700 | 82 | ||||||
Wolverine World Wide, Inc. | 98,936 | 2,531 | ||||||
46,449 |
See financial notes. 3
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Consumer Services 4.2% | ||||||||
American Public Education, Inc. * | 18,600 | 593 | ||||||
Ameristar Casinos, Inc. | 55,075 | 811 | ||||||
Bally Technologies, Inc. * | 98,062 | 3,863 | ||||||
Bob Evans Farms, Inc. | 48,046 | 1,262 | ||||||
Boyd Gaming Corp. * | 128,600 | 947 | ||||||
Brink’s Home Security Holdings, Inc. * | 72,900 | 2,258 | ||||||
Buffalo Wild Wings, Inc. * | 31,900 | 1,308 | ||||||
Capella Education Co. * | 23,500 | 1,619 | ||||||
CEC Entertainment, Inc. * | 45,538 | 1,330 | ||||||
Cedar Fair L.P. | 84,997 | 851 | ||||||
Churchill Downs, Inc. | 16,261 | 510 | ||||||
CKE Restaurants, Inc. | 85,979 | 752 | ||||||
Coinstar, Inc. * | 50,500 | 1,603 | ||||||
Cracker Barrel Old Country Store, Inc. | 37,353 | 1,238 | ||||||
Domino’s Pizza, Inc. * | 67,079 | 492 | ||||||
Gaylord Entertainment Co. * | 88,735 | 1,334 | ||||||
Grand Canyon Education, Inc. * | 29,000 | 470 | ||||||
Hillenbrand, Inc. | 88,100 | 1,760 | ||||||
Jack in the Box, Inc. * | 101,588 | 1,906 | ||||||
Jackson Hewitt Tax Service, Inc. | 46,200 | 227 | ||||||
Life Time Fitness, Inc. * | 56,977 | 1,228 | ||||||
Matthews International Corp., Class A | 54,684 | 2,009 | ||||||
Orient-Express Hotels Ltd., Class A | 63,900 | 550 | ||||||
P.F. Chang’s China Bistro, Inc. * | 40,742 | 1,189 | ||||||
Papa John’s International, Inc. * | 34,655 | 780 | ||||||
Pinnacle Entertainment, Inc. * | 107,285 | 907 | ||||||
Pre-Paid Legal Services, Inc. * | 14,300 | 565 | ||||||
Regis Corp. | 86,149 | 1,399 | ||||||
Sonic Corp. * | 99,229 | 928 | ||||||
Sotheby’s | 140,100 | 2,222 | ||||||
Speedway Motorsports, Inc. | 21,584 | 292 | ||||||
Steiner Leisure Ltd. * | 32,309 | 1,194 | ||||||
Stewart Enterprises, Inc., Class A | 144,000 | 660 | ||||||
Texas Roadhouse, Inc., Class A * | 84,696 | 802 | ||||||
The Cheesecake Factory, Inc. * | 100,500 | 1,827 | ||||||
The Marcus Corp. | 35,083 | 411 | ||||||
Universal Technical Institute, Inc. * | 38,600 | 694 | ||||||
Vail Resorts, Inc. * | 48,871 | 1,683 | ||||||
WMS Industries, Inc. * | 89,551 | 3,580 | ||||||
48,054 | ||||||||
Diversified Financials 3.0% | ||||||||
AmeriCredit Corp. * | 175,100 | 3,090 | ||||||
Cash America International, Inc. | 47,570 | 1,439 | ||||||
Cohen & Steers, Inc. | 28,028 | 542 | ||||||
Credit Acceptance Corp. * | 12,253 | 421 | ||||||
Duff & Phelps Corp., Class A | 21,000 | 361 | ||||||
E*TRADE Financial Corp. * | 2,057,000 | 3,003 | ||||||
EZCORP, Inc., Class A * | 73,600 | 955 | ||||||
Financial Federal Corp. | 45,423 | 928 | ||||||
First Cash Financial Services, Inc. * | 46,000 | 790 | ||||||
Fortress Investment Group L.L.C., Class A * | 387,800 | 1,625 | ||||||
GAMCO Investors, Inc., Class A | 8,700 | 367 | ||||||
GFI Group, Inc. | 75,668 | 390 | ||||||
GLG Partners, Inc. * | 201,200 | 527 | ||||||
Interactive Brokers Group, Inc., Class A * | 72,700 | 1,164 | ||||||
Investment Technology Group, Inc. * | 71,665 | 1,546 | ||||||
KBW, Inc. * | 53,400 | 1,495 | ||||||
KKR Financial Holdings LLC * | 309,743 | 1,419 | ||||||
Life Partners Holdings, Inc. | 13,000 | 221 | ||||||
MF Global Ltd. * | 124,100 | 884 | ||||||
Nelnet, Inc., Class A * | 35,600 | 499 | ||||||
optionsXpress Holdings, Inc. | 66,147 | 1,034 | ||||||
PHH Corp. * | 97,363 | 1,573 | ||||||
PICO Holdings, Inc. * | 29,500 | 1,001 | ||||||
Piper Jaffray Cos., Inc. * | 24,439 | 1,134 | ||||||
Portfolio Recovery Associates, Inc. * | 25,943 | 1,197 | ||||||
Pzena Investment Management, Inc., Class A * | 40,689 | 300 | ||||||
Riskmetrics Group, Inc. * | 51,300 | 754 | ||||||
Stifel Financial Corp. * | 42,150 | 2,190 | ||||||
SWS Group, Inc. | 49,100 | 657 | ||||||
Teton Advisors, Inc., Class B (b)(c)* | 130 | — | ||||||
The Student Loan Corp. | 7,200 | 303 | ||||||
W.P. Carey & Co., L.L.C. | 51,666 | 1,431 | ||||||
World Acceptance Corp. * | 32,300 | 810 | ||||||
34,050 | ||||||||
Energy 7.7% | ||||||||
Alliance Holdings GP L.P. | 24,194 | 523 | ||||||
Alliance Resource Partners L.P. | 35,010 | 1,312 | ||||||
Alon USA Energy, Inc. | 22,000 | 185 | ||||||
Apco Oil & Gas International, Inc. | 6,200 | 132 | ||||||
Arena Resources, Inc. * | 64,000 | 2,385 | ||||||
Atlas Energy, Inc. | 127,376 | 3,335 | ||||||
Atlas Pipeline Partners L.P. | 84,500 | 593 | ||||||
Basic Energy Services, Inc. * | 38,100 | 267 | ||||||
Berry Petroleum Co., Class A | 79,700 | 2,021 | ||||||
BPZ Resources, Inc. * | 91,200 | 575 | ||||||
BreitBurn Energy Partners L.P. | 54,363 | 621 | ||||||
Bristow Group, Inc. * | 59,987 | 1,749 | ||||||
Buckeye GP Holdings L.P. | 18,104 | 457 | ||||||
Cal Dive International, Inc. * | 74,500 | 572 |
4 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Calumet Specialty Products Partners L.P. | 20,000 | 318 | ||||||
CARBO Ceramics, Inc. | 33,420 | 1,951 | ||||||
Carrizo Oil & Gas, Inc. * | 45,000 | 1,043 | ||||||
Cheniere Energy Partners L.P. | 38,300 | 409 | ||||||
Clayton Williams Energy, Inc. * | 11,000 | 288 | ||||||
Complete Production Services, Inc. * | 88,700 | 845 | ||||||
Contango Oil & Gas Co. * | 23,200 | 1,106 | ||||||
Copano Energy LLC | 95,100 | 1,624 | ||||||
CVR Energy, Inc. * | 67,800 | 713 | ||||||
DCP Midstream Partners L.P. | 41,700 | 1,075 | ||||||
Delek US Holdings, Inc. | 73,400 | 496 | ||||||
Delta Petroleum Corp. * | 207,300 | 270 | ||||||
Dorchester Minerals L.P. | 29,392 | 657 | ||||||
Dril-Quip, Inc. * | 53,800 | 2,614 | ||||||
Eagle Rock Energy Partners L.P. | 63,385 | 300 | ||||||
Enbridge Energy Management L.L.C. * | 23,041 | 1,070 | ||||||
Encore Energy Partners L.P. | 17,900 | 322 | ||||||
General Maritime Corp. | 102,834 | 709 | ||||||
Genesis Energy L.P. | 37,343 | 605 | ||||||
Global Industries Ltd. * | 200,482 | 1,462 | ||||||
GMX Resources, Inc. * | 22,700 | 289 | ||||||
Goodrich Petroleum Corp. * | 36,800 | 945 | ||||||
GulfMark Offshore, Inc. * | 39,000 | 1,079 | ||||||
Helix Energy Solutions Group, Inc. * | 164,400 | 2,257 | ||||||
Hercules Offshore, Inc. * | 157,400 | 808 | ||||||
Holly Energy Partners L.P. | 20,610 | 789 | ||||||
Hornbeck Offshore Services, Inc. * | 37,845 | 920 | ||||||
Hugoton Royalty Trust | 55,860 | 911 | ||||||
Inergy Holdings L.P. | 13,242 | 654 | ||||||
Inergy L.P. | 87,542 | 2,711 | ||||||
International Coal Group, Inc. * | 214,668 | 878 | ||||||
James River Coal Co. * | 49,000 | 931 | ||||||
Key Energy Services, Inc. * | 218,000 | 1,594 | ||||||
Legacy Reserves L.P. | 42,728 | 689 | ||||||
Lufkin Industries, Inc. | 24,595 | 1,403 | ||||||
Mariner Energy, Inc. * | 159,000 | 2,026 | ||||||
MarkWest Energy Partners L.P. | 93,100 | 2,235 | ||||||
McMoRan Exploration Co. * | 90,300 | 694 | ||||||
NATCO Group, Inc., Class A * | 34,500 | 1,507 | ||||||
Newpark Resources, Inc. * | 142,610 | 429 | ||||||
NuStar GP Holdings L.L.C. | 51,100 | 1,245 | ||||||
Oil States International, Inc. * | 89,142 | 3,070 | ||||||
Parker Drilling Co. * | 265,065 | 1,378 | ||||||
Patriot Coal Corp. * | 105,200 | 1,189 | ||||||
Penn Virginia Corp. | 70,378 | 1,425 | ||||||
Penn Virginia GP Holdings L.P. | 41,600 | 540 | ||||||
Penn Virginia Resource Partners L.P. | 49,246 | 904 | ||||||
Petroleum Development Corp. * | 25,203 | 421 | ||||||
PetroQuest Energy, Inc. * | 73,200 | 449 | ||||||
Pioneer Southwest Energy Partners L.P. | 17,800 | 377 | ||||||
Regency Energy Partners L.P. | 87,420 | 1,711 | ||||||
Rosetta Resources, Inc. * | 85,100 | 1,151 | ||||||
RPC, Inc. | 54,689 | 511 | ||||||
Ship Finance International Ltd. | 72,025 | 819 | ||||||
Stone Energy Corp. * | 56,968 | 873 | ||||||
Swift Energy Co. * | 50,601 | 1,072 | ||||||
Targa Resources Partners L.P. | 71,795 | 1,422 | ||||||
TC Pipelines L.P. | 39,800 | 1,555 | ||||||
Teekay LNG Partners L.P. | 33,000 | 782 | ||||||
Teekay Offshore Partners L.P. | 30,400 | 495 | ||||||
Tesco Corp. * | 57,500 | 499 | ||||||
TETRA Technologies, Inc. * | 173,674 | 1,643 | ||||||
USEC, Inc. * | 184,023 | 710 | ||||||
VAALCO Energy, Inc. * | 104,200 | 444 | ||||||
Western Gas Partners L.P. | 30,651 | 559 | ||||||
Western Refining, Inc. * | 53,822 | 302 | ||||||
Williams Partners L.P. | 83,820 | 2,137 | ||||||
Williams Pipeline Partners L.P. | 31,000 | 633 | ||||||
World Fuel Services Corp. | 57,978 | 2,948 | ||||||
87,617 | ||||||||
Food & Staples Retailing 1.0% | ||||||||
Arden Group, Inc., Class A | 790 | 89 | ||||||
Casey’s General Stores, Inc. | 90,926 | 2,867 | ||||||
Ingles Markets, Inc., Class A | 23,631 | 363 | ||||||
Nash Finch Co. | 22,900 | 664 | ||||||
PriceSmart, Inc. | 24,300 | 469 | ||||||
Spartan Stores, Inc. | 39,500 | 559 | ||||||
The Andersons, Inc. | 30,600 | 950 | ||||||
The Great Atlantic & Pacific Tea Co., Inc. * | 81,590 | 809 | ||||||
The Pantry, Inc. * | 39,700 | 560 | ||||||
United Natural Foods, Inc. * | 72,882 | 1,757 | ||||||
Village Super Market, Inc., Class A | 11,400 | 342 | ||||||
Weis Markets, Inc. | 20,000 | 708 | ||||||
Winn-Dixie Stores, Inc. * | 90,300 | 1,001 | ||||||
11,138 | ||||||||
Food, Beverage & Tobacco 1.8% | ||||||||
American Italian Pasta Co., Class A * | 34,700 | 943 | ||||||
Cal-Maine Foods, Inc. | 22,300 | 606 | ||||||
Chiquita Brands International, Inc. * | 74,202 | 1,201 | ||||||
Coca-Cola Bottling Co. | 4,200 | 189 | ||||||
Darling International, Inc. * | 179,000 | 1,244 | ||||||
Diamond Foods, Inc. | 29,300 | 883 | ||||||
Farmer Brothers Co. | 5,400 | 102 |
See financial notes. 5
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Green Mountain Coffee Roasters, Inc. * | 44,700 | 2,975 | ||||||
J & J Snack Foods Corp. | 24,900 | 975 | ||||||
Lancaster Colony Corp. | 32,443 | 1,576 | ||||||
Lance, Inc. | 51,800 | 1,249 | ||||||
National Beverage Corp. * | 17,301 | 190 | ||||||
Sanderson Farms, Inc. | 28,700 | 1,050 | ||||||
Smart Balance, Inc. * | 112,100 | 592 | ||||||
The Boston Beer Co., Inc., Class A * | 17,300 | 657 | ||||||
The Hain Celestial Group, Inc. * | 67,831 | 1,190 | ||||||
TreeHouse Foods, Inc. * | 51,900 | 1,941 | ||||||
Universal Corp. | 41,345 | 1,720 | ||||||
Vector Group Ltd. | 95,054 | 1,379 | ||||||
20,662 | ||||||||
Health Care Equipment & Services 7.0% | ||||||||
ABIOMED, Inc. * | 55,000 | 498 | ||||||
Align Technology, Inc. * | 120,000 | 1,886 | ||||||
Alliance HealthCare Services, Inc. * | 45,700 | 249 | ||||||
Almost Family, Inc. * | 11,400 | 346 | ||||||
Amedisys, Inc. * | 52,300 | 2,081 | ||||||
American Medical Systems Holdings, Inc. * | 131,125 | 2,022 | ||||||
AmSurg Corp. * | 51,900 | 1,094 | ||||||
Analogic Corp. | 19,854 | 741 | ||||||
athenahealth, Inc. * | 43,400 | 1,632 | ||||||
Bio-Reference Laboratories, Inc. * | 20,700 | 669 | ||||||
Brookdale Senior Living, Inc. | 65,300 | 1,100 | ||||||
CardioNet, Inc. * | 8,100 | 48 | ||||||
Catalyst Health Solutions, Inc. * | 77,365 | 2,427 | ||||||
Centene Corp. * | 72,092 | 1,285 | ||||||
Chemed Corp. | 45,400 | 2,058 | ||||||
Conceptus, Inc. * | 54,300 | 952 | ||||||
CONMED Corp. * | 51,500 | 1,091 | ||||||
Cyberonics, Inc. * | 41,500 | 600 | ||||||
Eclipsys Corp. * | 90,467 | 1,696 | ||||||
Emergency Medical Services Corp., Class A * | 17,100 | 821 | ||||||
Emeritus Corp. * | 47,800 | 892 | ||||||
Ensign Group, Inc. | 18,500 | 273 | ||||||
ev3, Inc. * | 112,655 | 1,327 | ||||||
Genoptix, Inc. * | 16,900 | 588 | ||||||
Gentiva Health Services, Inc. * | 47,396 | 1,138 | ||||||
Greatbatch, Inc. * | 41,000 | 806 | ||||||
Hanger Orthopedic Group, Inc. * | 46,100 | 638 | ||||||
Health Management Associates, Inc., Class A * | 379,200 | 2,313 | ||||||
HEALTHSOUTH Corp. * | 174,500 | 2,549 | ||||||
Healthspring, Inc. * | 100,544 | 1,441 | ||||||
Healthways, Inc. * | 74,863 | 1,204 | ||||||
Hill-Rom Holdings, Inc. | 105,200 | 2,061 | ||||||
HMS Holdings Corp. * | 41,800 | 1,795 | ||||||
ICU Medical, Inc. * | 22,600 | 791 | ||||||
Integra LifeSciences Holdings * | 32,948 | 1,006 | ||||||
Invacare Corp. | 54,211 | 1,216 | ||||||
inVentiv Health, Inc. * | 55,401 | 941 | ||||||
Kindred Healthcare, Inc. * | 51,492 | 757 | ||||||
Landauer, Inc. | 16,700 | 865 | ||||||
LHC Group, Inc. * | 26,400 | 737 | ||||||
LifePoint Hospitals, Inc. * | 95,641 | 2,710 | ||||||
MedAssets, Inc. * | 20,800 | 456 | ||||||
Meridian Bioscience, Inc. | 67,750 | 1,503 | ||||||
Merit Medical Systems, Inc. * | 40,266 | 684 | ||||||
Molina Healthcare, Inc. * | 24,000 | 449 | ||||||
National Healthcare Corp. | 16,388 | 590 | ||||||
Neogen Corp. * | 13,900 | 441 | ||||||
NuVasive, Inc. * | 64,700 | 2,348 | ||||||
Omnicell, Inc. * | 58,300 | 574 | ||||||
PharMerica Corp. * | 58,664 | 905 | ||||||
Phase Forward, Inc. * | 71,500 | 937 | ||||||
PSS World Medical, Inc. * | 103,066 | 2,084 | ||||||
Quality Systems, Inc. | 30,272 | 1,847 | ||||||
Quidel Corp. * | 50,700 | 725 | ||||||
Res-Care, Inc. * | 32,500 | 391 | ||||||
Sirona Dental Systems, Inc. * | 39,465 | 1,062 | ||||||
Skilled Healthcare Group, Inc., Class A * | 35,400 | 285 | ||||||
Sun Healthcare Group, Inc. * | 77,900 | 707 | ||||||
SurModics, Inc. * | 25,019 | 641 | ||||||
Tenet Healthcare Corp. * | 742,800 | 3,803 | ||||||
The Cooper Cos., Inc. | 80,500 | 2,255 | ||||||
Triple-S Management Corp., Class B * | 26,300 | 439 | ||||||
Universal American Financial Corp. * | 79,202 | 792 | ||||||
Volcano Corp. * | 62,900 | 903 | ||||||
WellCare Health Plans, Inc. * | 74,600 | 1,949 | ||||||
West Pharmaceutical Services, Inc. | 63,465 | 2,505 | ||||||
Wright Medical Group, Inc. * | 69,300 | 1,126 | ||||||
Zoll Medical Corp. * | 37,700 | 732 | ||||||
80,477 | ||||||||
Household & Personal Products 0.8% | ||||||||
Bare Escentuals, Inc. * | 95,200 | 1,202 | ||||||
Central Garden & Pet Co., Class A * | 127,400 | 1,205 | ||||||
Chattem, Inc. * | 33,813 | 2,143 | ||||||
Elizabeth Arden, Inc. * | 40,498 | 431 | ||||||
Nu Skin Enterprises, Inc., Class A | 88,122 | 2,006 | ||||||
Prestige Brands Holdings, Inc. * | 60,800 | 411 | ||||||
Revlon, Inc., Class A * | 49,102 | 414 | ||||||
USANA Health Sciences, Inc. * | 10,400 | 300 |
6 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
WD-40 Co. | 29,500 | 929 | ||||||
9,041 | ||||||||
Insurance 3.4% | ||||||||
Ambac Financial Group, Inc. | 434,900 | 500 | ||||||
American Equity Investment Life Holding Co. | 77,764 | 511 | ||||||
American Physicians Capital, Inc. | 19,199 | 543 | ||||||
AMERISAFE, Inc. * | 33,700 | 625 | ||||||
AmTrust Financial Services, Inc. | 40,705 | 459 | ||||||
Argo Group International Holdings Ltd. * | 50,838 | 1,726 | ||||||
Assured Guaranty Ltd. | 120,837 | 2,004 | ||||||
Citizens, Inc. * | 51,643 | 311 | ||||||
CNA Surety Corp. * | 37,000 | 535 | ||||||
Conseco, Inc. * | 330,600 | 1,722 | ||||||
Crawford & Co., Class B * | 44,000 | 219 | ||||||
Delphi Financial Group, Inc., Class A | 71,880 | 1,560 | ||||||
Donegal Group, Inc., Class A | 6,500 | 95 | ||||||
eHealth, Inc. * | 42,900 | 611 | ||||||
Employers Holdings, Inc. | 82,000 | 1,215 | ||||||
Enstar Group Ltd. * | 15,394 | 939 | ||||||
FBL Financial Group, Inc., Class A | 27,168 | 547 | ||||||
Flagstone Reinsurance Holdings Ltd. | 96,529 | 1,057 | ||||||
Greenlight Capital Re Ltd., Class A * | 64,889 | 1,211 | ||||||
Harleysville Group, Inc. | 28,263 | 886 | ||||||
Hilltop Holdings, Inc. * | 73,739 | 873 | ||||||
Horace Mann Educators Corp. | 78,278 | 973 | ||||||
Infinity Property & Casualty Corp. | 28,892 | 1,117 | ||||||
Kansas City Life Insurance Co. | 7,399 | 199 | ||||||
Max Capital Group Ltd. | 69,384 | 1,433 | ||||||
Meadowbrook Insurance Group, Inc. | 78,400 | 528 | ||||||
National Western Life Insurance Co., Class A | 4,494 | 792 | ||||||
OneBeacon Insurance Group Ltd., Class A | 44,200 | 527 | ||||||
Protective Life Corp. | 125,100 | 2,408 | ||||||
RLI Corp. | 35,155 | 1,758 | ||||||
Safety Insurance Group, Inc. | 26,870 | 899 | ||||||
Selective Insurance Group, Inc. | 91,014 | 1,394 | ||||||
State Auto Financial Corp. | 37,356 | 607 | ||||||
Stewart Information Services Corp. | 31,543 | 282 | ||||||
The Navigators Group, Inc. * | 22,485 | 1,193 | ||||||
The Phoenix Cos., Inc. * | 191,792 | 610 | ||||||
Tower Group, Inc. | 56,865 | 1,398 | ||||||
United America Indemnity Ltd., Class A * | 28,511 | 200 | ||||||
United Fire & Casualty Co. | 37,200 | 650 | ||||||
Unitrin, Inc. | 88,100 | 1,727 | ||||||
Zenith National Insurance Corp. | 66,645 | 1,901 | ||||||
38,745 | ||||||||
Materials 4.7% | ||||||||
A. Schulman, Inc. | 39,109 | 679 | ||||||
AMCOL International Corp. | 33,252 | 866 | ||||||
Arch Chemicals, Inc. | 44,572 | 1,234 | ||||||
Ashland, Inc. | 118,400 | 4,090 | ||||||
Balchem Corp. | 23,000 | 635 | ||||||
Calgon Carbon Corp. * | 96,700 | 1,532 | ||||||
Carpenter Technology Corp. | 78,900 | 1,659 | ||||||
Century Aluminum Co. * | 65,800 | 570 | ||||||
Coeur d’Alene Mines Corp. * | 98,650 | 1,981 | ||||||
Deltic Timber Corp. | 22,204 | 944 | ||||||
Domtar Corp. * | 65,125 | 2,728 | ||||||
Eagle Materials, Inc. | 77,890 | 1,936 | ||||||
Glatfelter | 66,900 | 707 | ||||||
Graphic Packaging Holding Co. * | 392,315 | 898 | ||||||
H.B. Fuller Co. | 81,816 | 1,563 | ||||||
Haynes International, Inc. * | 31,225 | 884 | ||||||
Hecla Mining Co. * | 266,900 | 1,097 | ||||||
Huntsman Corp. | 289,400 | 2,301 | ||||||
Innophos Holdings, Inc. | 18,800 | 364 | ||||||
Kaiser Aluminum Corp. | 23,150 | 925 | ||||||
Koppers Holdings, Inc. | 46,200 | 1,207 | ||||||
Kronos Worldwide, Inc. | 5,905 | 79 | ||||||
Minerals Technologies, Inc. | 33,561 | 1,653 | ||||||
NewMarket Corp. | 18,500 | 1,730 | ||||||
NL Industries, Inc. | 20,741 | 129 | ||||||
OM Group, Inc. * | 54,500 | 1,473 | ||||||
PolyOne Corp. * | 141,175 | 788 | ||||||
Rock-Tenn Co., Class A | 68,400 | 2,996 | ||||||
Rockwood Holdings, Inc. * | 61,000 | 1,213 | ||||||
RTI International Metals, Inc. * | 30,766 | 637 | ||||||
Sensient Technologies Corp. | 81,225 | 2,054 | ||||||
Solutia, Inc. * | 168,800 | 1,857 | ||||||
Stepan Co. | 12,900 | 738 | ||||||
Stillwater Mining Co. * | 52,341 | 324 | ||||||
Temple-Inland, Inc. | 157,000 | 2,426 | ||||||
Texas Industries, Inc. | 44,951 | 1,496 | ||||||
W.R. Grace & Co. * | 90,600 | 1,983 | ||||||
Wausau Paper Corp. | 73,820 | 647 | ||||||
Westlake Chemical Corp. | 38,000 | 923 | ||||||
Worthington Industries, Inc. | 107,160 | 1,184 | ||||||
53,130 | ||||||||
Media 1.4% | ||||||||
Arbitron, Inc. | 41,256 | 894 | ||||||
Ascent Media Corp., Class A * | 25,200 | 584 | ||||||
Cinemark Holdings, Inc. | 78,794 | 913 | ||||||
CKX, Inc. * | 72,771 | 466 |
See financial notes. 7
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Harte-Hanks, Inc. | 58,916 | 692 | ||||||
Liberty Media Corp. — Capital, Series A * | 174,700 | 3,615 | ||||||
Live Nation, Inc. * | 114,589 | 763 | ||||||
Mediacom Communications Corp., Class A * | 71,200 | 340 | ||||||
Meredith Corp. | 64,700 | 1,751 | ||||||
National CineMedia, Inc. | 75,300 | 1,205 | ||||||
Scholastic Corp. | 39,169 | 974 | ||||||
Sinclair Broadcast Group, Inc., Class A | 77,078 | 304 | ||||||
Sirius XM Radio, Inc. * | 3,000,000 | 1,758 | ||||||
Value Line, Inc. | 1,700 | 52 | ||||||
Warner Music Group Corp. * | 74,286 | 428 | ||||||
World Wrestling Entertainment, Inc., Class A | 62,900 | 835 | ||||||
15,574 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.4% | ||||||||
Acorda Therapeutics, Inc. * | 62,800 | 1,365 | ||||||
Alkermes, Inc. * | 187,342 | 1,493 | ||||||
Allos Therapeutics, Inc. * | 95,800 | 541 | ||||||
Alnylam Pharmaceuticals, Inc. * | 59,800 | 1,019 | ||||||
AMAG Pharmaceuticals, Inc. * | 28,000 | 1,058 | ||||||
Arena Pharmaceuticals, Inc. * | 132,500 | 468 | ||||||
Auxilium Pharmaceuticals, Inc. * | 73,000 | 2,297 | ||||||
Bruker Corp. * | 91,000 | 986 | ||||||
Celera Corp. * | 133,617 | 827 | ||||||
Cepheid, Inc. * | 94,800 | 1,258 | ||||||
Cubist Pharmaceuticals, Inc. * | 109,332 | 1,852 | ||||||
Dendreon Corp. * | 183,500 | 4,637 | ||||||
Dionex Corp. * | 30,844 | 2,094 | ||||||
Emergent Biosolutions, Inc. * | 24,600 | 355 | ||||||
eResearch Technology, Inc. * | 70,703 | 523 | ||||||
Exelixis, Inc. * | 188,972 | 1,149 | ||||||
Genomic Health, Inc. * | 24,900 | 462 | ||||||
Geron Corp. * | 141,700 | 866 | ||||||
GTx, Inc. * | 25,700 | 231 | ||||||
Halozyme Therapeutics, Inc. * | 94,800 | 574 | ||||||
Incyte Corp. * | 228,063 | 1,343 | ||||||
InterMune, Inc. * | 42,100 | 509 | ||||||
Kendle International, Inc. * | 19,577 | 330 | ||||||
Luminex Corp. * | 69,300 | 1,020 | ||||||
MannKind Corp. * | 89,300 | 466 | ||||||
Martek Biosciences Corp. * | 66,676 | 1,197 | ||||||
Maxygen, Inc. * | 54,500 | 304 | ||||||
Medicis Pharmaceutical Corp., Class A | 93,549 | 1,980 | ||||||
Medivation, Inc. * | 45,700 | 1,166 | ||||||
Momenta Pharmaceuticals, Inc. * | 40,444 | 369 | ||||||
Nektar Therapeutics * | 165,471 | 1,344 | ||||||
Osiris Therapeutics, Inc. * | 31,300 | 199 | ||||||
Par Pharmaceutical Cos., Inc. * | 75,280 | 1,579 | ||||||
PAREXEL International Corp. * | 92,818 | 1,162 | ||||||
PDL BioPharma, Inc. | 242,900 | 2,043 | ||||||
Questcor Pharmaceuticals, Inc. * | 116,200 | 527 | ||||||
Rigel Pharmaceuticals, Inc. * | 54,100 | 347 | ||||||
Salix Pharmaceuticals Ltd. * | 70,249 | 1,292 | ||||||
Savient Pharmaceuticals, Inc. * | 84,700 | 1,067 | ||||||
Seattle Genetics, Inc. * | 99,198 | 901 | ||||||
The Medicines Co. * | 94,108 | 677 | ||||||
Theravance, Inc. * | 85,938 | 1,201 | ||||||
Varian, Inc. * | 55,971 | 2,866 | ||||||
ViroPharma, Inc. * | 153,974 | 1,161 | ||||||
VIVUS, Inc. * | 124,100 | 980 | ||||||
XenoPort, Inc. * | 41,600 | 695 | ||||||
50,780 | ||||||||
Real Estate 7.5% | ||||||||
Acadia Realty Trust | 57,536 | 915 | ||||||
Alexander’s, Inc. * | 3,410 | 903 | ||||||
American Campus Communities, Inc. | 85,000 | 2,297 | ||||||
Anworth Mortgage Asset Corp. | 160,200 | 1,142 | ||||||
BioMed Realty Trust, Inc. | 160,334 | 2,176 | ||||||
Brandywine Realty Trust | 217,430 | 2,079 | ||||||
Capstead Mortgage Corp. | 121,100 | 1,594 | ||||||
CBL & Associates Properties, Inc. | 236,906 | 1,933 | ||||||
Chimera Investment Corp. | 884,151 | 3,086 | ||||||
Colonial Properties Trust | 70,800 | 745 | ||||||
Corporate Office Properties Trust | 92,349 | 3,065 | ||||||
Cousins Properties, Inc. | 79,848 | 584 | ||||||
DCT Industrial Trust, Inc. | 287,400 | 1,302 | ||||||
Developers Diversified Realty Corp. | 237,672 | 2,042 | ||||||
DiamondRock Hospitality Co. * | 196,200 | 1,493 | ||||||
EastGroup Properties, Inc. | 50,490 | 1,858 | ||||||
Entertainment Properties Trust | 66,555 | 2,264 | ||||||
Equity Lifestyle Properties, Inc. | 49,259 | 2,288 | ||||||
Equity One, Inc. | 59,037 | 881 | ||||||
Extra Space Storage, Inc. | 150,558 | 1,441 | ||||||
First Industrial Realty Trust, Inc. | 83,501 | 363 | ||||||
Forest City Enterprises, Inc., Class A | 193,200 | 1,685 | ||||||
Forestar Group, Inc. * | 71,600 | 1,057 | ||||||
Franklin Street Properties Corp. | 99,365 | 1,071 | ||||||
Getty Realty Corp. | 32,542 | 798 | ||||||
Hatteras Financial Corp. | 64,800 | 1,821 | ||||||
Healthcare Realty Trust, Inc. | 101,281 | 2,110 | ||||||
Home Properties, Inc. | 55,765 | 2,185 | ||||||
HRPT Properties Trust | 407,404 | 2,864 | ||||||
Inland Real Estate Corp. | 95,436 | 819 | ||||||
Investors Real Estate Trust | 74,800 | 626 | ||||||
Jones Lang LaSalle, Inc. | 61,700 | 2,891 | ||||||
Kilroy Realty Corp. | 72,300 | 1,997 | ||||||
LaSalle Hotel Properties | 87,726 | 1,505 |
8 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Lexington Realty Trust | 139,784 | 586 | ||||||
LTC Properties, Inc. | 39,667 | 942 | ||||||
Medical Properties Trust, Inc. | 140,200 | 1,122 | ||||||
MFA Financial, Inc. | 471,064 | 3,495 | ||||||
Mid-America Apartment Communities, Inc. | 46,852 | 2,053 | ||||||
National Health Investors, Inc. | 40,368 | 1,211 | ||||||
National Retail Properties, Inc. | 150,826 | 2,923 | ||||||
NorthStar Realty Finance Corp. | 86,396 | 305 | ||||||
OMEGA Healthcare Investors, Inc. | 147,258 | 2,232 | ||||||
Pennsylvania Real Estate Investment Trust | 58,812 | 431 | ||||||
Post Properties, Inc. | 72,567 | 1,197 | ||||||
Potlatch Corp. | 66,303 | 1,850 | ||||||
PS Business Parks, Inc. | 27,038 | 1,324 | ||||||
Redwood Trust, Inc. | 113,129 | 1,577 | ||||||
Saul Centers, Inc. | 20,300 | 624 | ||||||
Sovran Self Storage, Inc. | 36,326 | 1,093 | ||||||
Sunstone Hotel Investors, Inc. * | 87,510 | 661 | ||||||
Tanger Factory Outlet Centers, Inc. | 62,034 | 2,362 | ||||||
Tejon Ranch Co. * | 21,292 | 555 | ||||||
Universal Health Realty Income Trust | 13,700 | 435 | ||||||
Washington Real Estate Investment Trust | 93,782 | 2,504 | ||||||
85,362 | ||||||||
Retailing 5.0% | ||||||||
99 Cents Only Stores * | 80,806 | 919 | ||||||
AnnTaylor Stores Corp. * | 88,500 | 1,148 | ||||||
bebe stores, Inc. | 73,149 | 458 | ||||||
Blockbuster, Inc., Class A * | 344,921 | 286 | ||||||
Blue Nile, Inc. * | 22,000 | 1,321 | ||||||
Brown Shoe Co., Inc. | 69,975 | 726 | ||||||
Cabela’s, Inc. * | 58,036 | 729 | ||||||
Chico’s FAS, Inc. * | 293,200 | 3,504 | ||||||
Collective Brands, Inc. * | 110,800 | 2,055 | ||||||
Dillard’s, Inc., Class A | 80,600 | 1,098 | ||||||
DSW, Inc., Class A * | 22,700 | 436 | ||||||
Fred’s, Inc., Class A | 71,500 | 846 | ||||||
Genesco, Inc. * | 33,244 | 867 | ||||||
Hibbett Sports, Inc. * | 46,775 | 876 | ||||||
Hot Topic, Inc. * | 78,400 | 604 | ||||||
J. Crew Group, Inc. * | 92,800 | 3,784 | ||||||
Jo-Ann Stores, Inc. * | 43,400 | 1,155 | ||||||
Jos. A. Bank Clothiers, Inc. * | 29,712 | 1,218 | ||||||
Monro Muffler Brake, Inc. | 33,200 | 1,029 | ||||||
NutriSystem, Inc. | 65,548 | 1,411 | ||||||
Office Depot, Inc. * | 491,900 | 2,976 | ||||||
OfficeMax, Inc. * | 125,600 | 1,436 | ||||||
Orbitz Worldwide, Inc. * | 77,000 | 403 | ||||||
Penske Automotive Group, Inc. | 69,116 | 1,082 | ||||||
PetMed Express, Inc. | 42,100 | 660 | ||||||
Rent-A-Center, Inc. * | 130,705 | 2,400 | ||||||
Saks, Inc. * | 254,200 | 1,426 | ||||||
Sally Beauty Holdings, Inc. * | 135,350 | 914 | ||||||
Signet Jewelers Ltd. | 126,600 | 3,192 | ||||||
Stage Stores, Inc. | 73,327 | 865 | ||||||
Systemax, Inc. * | 24,400 | 329 | ||||||
The Buckle, Inc. | 40,764 | 1,223 | ||||||
The Cato Corp., Class A | 48,604 | 958 | ||||||
The Children’s Place Retail Stores, Inc. * | 45,613 | 1,434 | ||||||
The Dress Barn, Inc. * | 81,512 | 1,471 | ||||||
The Finish Line, Inc., Class A | 98,219 | 996 | ||||||
The Gymboree Corp. * | 49,210 | 2,095 | ||||||
The Men’s Wearhouse, Inc. | 86,300 | 2,000 | ||||||
Ticketmaster Entertainment, Inc. * | 62,604 | 604 | ||||||
Tractor Supply Co. * | 55,200 | 2,467 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 51,300 | 777 | ||||||
Williams-Sonoma, Inc. | 155,000 | 2,911 | ||||||
57,089 | ||||||||
Semiconductors & Semiconductor Equipment 4.4% | ||||||||
Advanced Energy Industries, Inc. * | 50,600 | 618 | ||||||
Amkor Technology, Inc. * | 187,518 | 1,033 | ||||||
Applied Micro Circuits Corp. * | 100,765 | 788 | ||||||
Atheros Communications * | 99,743 | 2,456 | ||||||
ATMI, Inc. * | 60,254 | 913 | ||||||
Brooks Automation, Inc. * | 87,231 | 600 | ||||||
Cabot Microelectronics Corp. * | 49,100 | 1,570 | ||||||
Cavium Networks, Inc. * | 59,800 | 1,134 | ||||||
Cymer, Inc. * | 61,165 | 2,094 | ||||||
Cypress Semiconductor Corp. * | 259,100 | 2,184 | ||||||
Diodes, Inc. * | 50,081 | 820 | ||||||
Fairchild Semiconductor International, Inc. * | 212,100 | 1,587 | ||||||
FEI Co. * | 66,400 | 1,581 | ||||||
FormFactor, Inc. * | 87,773 | 1,491 | ||||||
Hittite Microwave Corp. * | 38,609 | 1,421 | ||||||
Integrated Device Technology, Inc. * | 302,500 | 1,779 | ||||||
International Rectifier Corp. * | 142,500 | 2,605 | ||||||
Micrel, Inc. | 76,505 | 572 | ||||||
Microsemi Corp. * | 134,019 | 1,784 | ||||||
MKS Instruments, Inc. * | 80,499 | 1,259 | ||||||
Monolithic Power Systems * | 53,900 | 1,077 | ||||||
Netlogic Microsystems, Inc. * | 31,600 | 1,201 | ||||||
OmniVision Technologies, Inc. * | 79,573 | 976 | ||||||
PMC — Sierra, Inc. * | 412,923 | 3,518 | ||||||
Power Integrations, Inc. | 56,262 | 1,755 | ||||||
RF Micro Devices, Inc. * | 351,204 | 1,398 |
See financial notes. 9
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Semtech Corp. * | 95,829 | 1,482 | ||||||
Sigma Designs, Inc. * | 35,000 | 420 | ||||||
Silicon Image, Inc. * | 108,822 | 230 | ||||||
Skyworks Solutions, Inc. * | 313,308 | 3,268 | ||||||
Standard Microsystems Corp. * | 33,692 | 649 | ||||||
Teradyne, Inc. * | 302,900 | 2,535 | ||||||
Tessera Technologies, Inc. * | 75,090 | 1,660 | ||||||
TriQuint Semiconductor, Inc. * | 223,800 | 1,206 | ||||||
Zoran Corp. * | 88,924 | 789 | ||||||
50,453 | ||||||||
Software & Services 7.0% | ||||||||
ACI Worldwide, Inc. * | 60,759 | 978 | ||||||
Acxiom Corp. * | 121,576 | 1,396 | ||||||
Advent Software, Inc. * | 28,114 | 1,075 | ||||||
Ariba, Inc. * | 147,100 | 1,739 | ||||||
Blackbaud, Inc. | 90,969 | 2,019 | ||||||
Blackboard, Inc. * | 51,461 | 1,825 | ||||||
Commvault Systems, Inc. * | 74,000 | 1,458 | ||||||
comScore, Inc. * | 30,000 | 460 | ||||||
Constant Contact, Inc. * | 22,500 | 373 | ||||||
Convergys Corp. * | 218,400 | 2,370 | ||||||
CSG Systems International, Inc. * | 62,600 | 1,023 | ||||||
CyberSource Corp. * | 124,400 | 2,038 | ||||||
DealerTrack Holdings, Inc. * | 66,536 | 1,096 | ||||||
Digital River, Inc. * | 61,200 | 1,397 | ||||||
EarthLink, Inc. | 193,881 | 1,570 | ||||||
Epicor Software Corp. * | 126,700 | 978 | ||||||
EPIQ Systems, Inc. * | 63,600 | 802 | ||||||
Euronet Worldwide, Inc. * | 90,036 | 2,129 | ||||||
Fair Isaac Corp. | 86,700 | 1,763 | ||||||
Forrester Research, Inc. * | 25,317 | 641 | ||||||
GSI Commerce, Inc. * | 40,700 | 772 | ||||||
Heartland Payment Systems, Inc. | 51,100 | 628 | ||||||
iGATE Corp. | 43,340 | 383 | ||||||
Informatica Corp. * | 157,381 | 3,341 | ||||||
j2 Global Communications, Inc. * | 78,528 | 1,606 | ||||||
JDA Software Group, Inc. * | 36,469 | 724 | ||||||
Lawson Software, Inc. * | 254,500 | 1,606 | ||||||
Manhattan Associates, Inc. * | 37,047 | 850 | ||||||
MAXIMUS, Inc. | 32,574 | 1,507 | ||||||
Mentor Graphics Corp. * | 143,367 | 1,047 | ||||||
MicroStrategy, Inc., Class A * | 15,662 | 1,367 | ||||||
NCI, Inc., Class A * | 11,700 | 315 | ||||||
NetScout Systems, Inc. * | 59,100 | 726 | ||||||
NetSuite, Inc. * | 25,000 | 349 | ||||||
Pegasystems, Inc. | 25,800 | 740 | ||||||
Progress Software Corp. * | 68,280 | 1,577 | ||||||
Quest Software, Inc. * | 122,388 | 2,052 | ||||||
Rackspace Hosting, Inc. * | 56,100 | 940 | ||||||
RealNetworks, Inc. * | 139,430 | 498 | ||||||
S1 Corp. * | 83,400 | 500 | ||||||
Sapient Corp. * | 175,463 | 1,428 | ||||||
SAVVIS, Inc. * | 62,200 | 920 | ||||||
SRA International, Inc., Class A * | 69,495 | 1,304 | ||||||
Synchronoss Technologies, Inc. * | 26,100 | 298 | ||||||
Syntel, Inc. | 21,183 | 759 | ||||||
Take-Two Interactive Software, Inc. * | 127,504 | 1,399 | ||||||
TeleCommunication Systems, Inc., Class A * | 65,700 | 587 | ||||||
TeleTech Holdings, Inc. * | 54,400 | 973 | ||||||
The Ultimate Software Group, Inc. * | 51,900 | 1,324 | ||||||
THQ, Inc. * | 112,500 | 588 | ||||||
TIBCO Software, Inc. * | 300,936 | 2,633 | ||||||
TiVo, Inc. * | 209,103 | 2,275 | ||||||
Tyler Technologies, Inc. * | 52,700 | 1,002 | ||||||
Unisys Corp. * | 83,850 | 2,443 | ||||||
United Online, Inc. | 134,187 | 1,073 | ||||||
ValueClick, Inc. * | 155,200 | 1,527 | ||||||
VeriFone Holdings, Inc. * | 125,843 | 1,674 | ||||||
VistaPrint N.V. * | 64,300 | 3,283 | ||||||
Vocus, Inc. * | 34,000 | 615 | ||||||
WebMD Health Corp. * | 66,824 | 2,276 | ||||||
Websense, Inc. * | 75,404 | 1,211 | ||||||
Wright Express Corp. * | 66,476 | 1,855 | ||||||
80,105 | ||||||||
Technology Hardware & Equipment 6.0% | ||||||||
3Com Corp. * | 672,019 | 3,454 | ||||||
3PAR, Inc. * | 41,000 | 386 | ||||||
Adaptec, Inc. * | 155,500 | 496 | ||||||
ADC Telecommunications, Inc. * | 174,300 | 1,131 | ||||||
ADTRAN, Inc. | 98,005 | 2,258 | ||||||
Airvana, Inc. * | 45,500 | 278 | ||||||
Arris Group, Inc. * | 219,860 | 2,256 | ||||||
Avid Technology, Inc. * | 50,405 | 637 | ||||||
Avocent Corp. * | 75,056 | 1,867 | ||||||
Benchmark Electronics, Inc. * | 109,294 | 1,836 | ||||||
Black Box Corp. | 29,892 | 792 | ||||||
Blue Coat Systems, Inc. * | 64,600 | 1,439 | ||||||
Brightpoint, Inc. * | 127,995 | 943 | ||||||
Checkpoint Systems, Inc. * | 64,444 | 875 | ||||||
Ciena Corp. * | 161,600 | 1,896 | ||||||
Cogent, Inc. * | 68,609 | 662 | ||||||
Cognex Corp. | 68,609 | 1,104 | ||||||
Coherent, Inc. * | 46,951 | 1,180 | ||||||
Comtech Telecommunications Corp. * | 44,300 | 1,423 | ||||||
Daktronics, Inc. | 57,100 | 429 | ||||||
Echelon Corp. * | 52,300 | 714 | ||||||
Electronics for Imaging, Inc. * | 72,409 | 844 | ||||||
EMS Technologies, Inc. * | 27,200 | 474 | ||||||
Emulex Corp. * | 143,390 | 1,448 | ||||||
Harmonic, Inc. * | 157,700 | 828 |
10 See financial notes.
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Harris Stratex Networks, Inc., Class A * | 30,500 | 192 | ||||||
Hughes Communications, Inc. * | 17,500 | 408 | ||||||
Imation Corp. | 49,813 | 439 | ||||||
Infinera Corp. * | 190,300 | 1,414 | ||||||
Insight Enterprises, Inc. * | 65,900 | 693 | ||||||
InterDigital, Inc. * | 76,594 | 1,575 | ||||||
Intermec, Inc. * | 81,440 | 1,003 | ||||||
IPG Photonics Corp. * | 33,218 | 454 | ||||||
JDS Uniphase Corp. * | 393,400 | 2,199 | ||||||
L-1 Identity Solutions, Inc. * | 107,184 | 633 | ||||||
Littelfuse, Inc. * | 32,800 | 904 | ||||||
MTS Systems Corp. | 30,175 | 800 | ||||||
Multi-Fineline Electronix, Inc. * | 18,600 | 507 | ||||||
NETGEAR, Inc. * | 59,000 | 1,076 | ||||||
Palm, Inc. * | 196,360 | 2,280 | ||||||
Park Electrochemical Corp. | 26,800 | 602 | ||||||
Plantronics, Inc. | 81,593 | 1,967 | ||||||
Plexus Corp. * | 70,362 | 1,780 | ||||||
Riverbed Technology, Inc. * | 94,100 | 1,928 | ||||||
Rofin-Sinar Technologies, Inc. * | 61,236 | 1,314 | ||||||
Rogers Corp. * | 30,267 | 785 | ||||||
ScanSource, Inc. * | 43,878 | 1,114 | ||||||
Sonus Networks, Inc. * | 609,358 | 1,170 | ||||||
Starent Networks Corp. * | 51,400 | 1,734 | ||||||
Sycamore Networks, Inc. * | 407,115 | 1,160 | ||||||
Synaptics, Inc. * | 63,300 | 1,424 | ||||||
SYNNEX Corp. * | 31,900 | 821 | ||||||
Tech Data Corp. * | 89,500 | 3,440 | ||||||
Tekelec * | 110,627 | 1,662 | ||||||
Universal Display Corp. * | 49,000 | 557 | ||||||
ViaSat, Inc. * | 46,019 | 1,341 | ||||||
Vishay Intertechnology, Inc. * | 333,800 | 2,080 | ||||||
69,106 | ||||||||
Telecommunication Services 1.0% | ||||||||
Alaska Communication Systems Group, Inc. | 75,300 | 586 | ||||||
Atlantic Tele-Network, Inc. | 12,400 | 568 | ||||||
Cbeyond, Inc. * | 45,800 | 611 | ||||||
Centennial Communications Corp. * | 176,873 | 1,496 | ||||||
Cincinnati Bell, Inc. * | 295,445 | 910 | ||||||
Cogent Communications Group, Inc. * | 67,300 | 682 | ||||||
Consolidated Communications Holdings, Inc. | 42,200 | 583 | ||||||
General Communication, Inc., Class A * | 42,400 | 261 | ||||||
Global Crossing Ltd. * | 92,624 | 1,056 | ||||||
Iowa Telecommunications Services, Inc. | 54,100 | 637 | ||||||
Neutral Tandem, Inc. * | 31,800 | 671 | ||||||
NTELOS Holdings Corp. | 49,600 | 749 | ||||||
Premiere Global Services, Inc. * | 118,800 | 887 | ||||||
Shenandoah Telecommunications Co. | 29,200 | 487 | ||||||
Syniverse Holdings, Inc. * | 90,400 | 1,549 | ||||||
11,733 | ||||||||
Transportation 1.8% | ||||||||
AirTran Holdings, Inc. * | 75,998 | 321 | ||||||
Alaska Air Group, Inc. * | 45,809 | 1,178 | ||||||
Alexander & Baldwin, Inc. | 74,000 | 2,133 | ||||||
Allegiant Travel Co. * | 24,400 | 920 | ||||||
AMERCO * | 9,104 | 385 | ||||||
American Commercial Lines, Inc. * | 16,050 | 344 | ||||||
Arkansas Best Corp. | 40,572 | 1,048 | ||||||
Atlas Air Worldwide Holdings, Inc. * | 22,100 | 581 | ||||||
Eagle Bulk Shipping, Inc. | 72,600 | 344 | ||||||
Excel Maritime Carriers Ltd. | 54,600 | 308 | ||||||
Forward Air Corp. | 48,682 | 1,039 | ||||||
Genco Shipping & Trading Ltd. | 46,000 | 915 | ||||||
Genesee & Wyoming, Inc., Class A * | 57,972 | 1,682 | ||||||
Hub Group, Inc., Class A * | 62,892 | 1,564 | ||||||
Knight Transportation, Inc. | 97,488 | 1,564 | ||||||
Marten Transport Ltd. * | 23,002 | 403 | ||||||
Old Dominion Freight Line, Inc. * | 50,989 | 1,325 | ||||||
Pacer International, Inc. | 58,118 | 166 | ||||||
Republic Airways Holdings, Inc. * | 55,900 | 448 | ||||||
SkyWest, Inc. | 111,212 | 1,554 | ||||||
TBS International Ltd., Class A * | 49,000 | 403 | ||||||
US Airways Group, Inc. * | 200,200 | 613 | ||||||
Werner Enterprises, Inc. | 72,543 | 1,360 | ||||||
20,598 | ||||||||
Utilities 2.9% | ||||||||
ALLETE, Inc. | 53,090 | 1,797 | ||||||
American States Water Co. | 29,100 | 965 | ||||||
Avista Corp. | 97,412 | 1,847 | ||||||
Black Hills Corp. | 74,998 | 1,828 | ||||||
Brookfield Infrastructure Partners L.P. | 38,566 | 559 | ||||||
California Water Service Group | 34,987 | 1,279 | ||||||
CH Energy Group, Inc. | 26,297 | 1,089 | ||||||
El Paso Electric Co. * | 75,016 | 1,407 | ||||||
Ferrellgas Partners L.P. | 61,700 | 1,227 | ||||||
MGE Energy, Inc. | 36,760 | 1,287 | ||||||
Northwest Natural Gas Co. | 44,895 | 1,877 | ||||||
NorthWestern Corp. | 65,912 | 1,592 | ||||||
PNM Resources, Inc. | 172,500 | 1,849 | ||||||
Portland General Electric Co. | 120,800 | 2,246 | ||||||
SJW Corp. | 19,400 | 422 |
See financial notes. 11
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
South Jersey Industries, Inc. | 53,160 | 1,876 | ||||||
Southwest Gas Corp. | 85,696 | 2,142 | ||||||
Suburban Propane Partners L.P. | 55,094 | 2,370 | ||||||
The Empire District Electric Co. | 56,900 | 1,028 | ||||||
The Laclede Group, Inc. | 36,877 | 1,132 | ||||||
UIL Holdings Corp. | 49,310 | 1,266 | ||||||
Unisource Energy Corp. | 63,517 | 1,834 | ||||||
32,919 | ||||||||
Total Common Stock (Cost $1,189,556) | 1,128,071 | |||||||
Rights 0.0% of net assets | ||||||||
Indevus Pharmaceuticals, Inc. (b)(c)* | 138,800 | — | ||||||
Total Rights (Cost $—) | — | |||||||
Face Amount | Value | |||||||
Security Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 0.7% of net assets | ||||||||
Commercial Paper & Other Obligation 0.6% | ||||||||
Wells Fargo, San Francisco Time Deposit 0.03%, 11/02/09 | 6,446 | 6,446 | ||||||
U.S. Treasury Obligation 0.1% | ||||||||
U.S. Treasury Bills 0.08%, 12/17/09 (a) | 1,659 | 1,659 | ||||||
Total Short-Term Investments (Cost $8,105) | 8,105 | |||||||
* | Non-income producing security. | |
(a) | All or a portion of this security is held as collateral for open futures contracts. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these securities amounted to 0 or 0.0 of net assets. |
Contract | Unrealized | |||||||||||
Number of | Value | Losses | ||||||||||
Contracts | ($ x 1,000) | ($ x 1,000) | ||||||||||
Futures Contract | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 12/18/09 | 150 | 8,427 | (326 | ) |
12 See financial notes.
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
99.6 | % | Common Stock | 1,175,030 | 1,200,332 | ||||||||
0.2 | % | Preferred Stock | 1,367 | 2,111 | ||||||||
— | % | Rights | — | — | ||||||||
0.8 | % | Short-Term Investments | 9,510 | 9,510 | ||||||||
100.6 | % | Total Investments | 1,185,907 | 1,211,953 | ||||||||
0.1 | % | Collateral Invested for Securities on Loan | 1,079 | 1,079 | ||||||||
(0.7 | )% | Other Assets and Liabilities, Net | (8,318 | ) | ||||||||
100.0 | % | Net Assets | 1,204,714 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 99.6% of net assets | ||||||||
Automobiles & Components 0.5% | ||||||||
American Axle & Manufacturing Holdings, Inc. | 5,300 | 32 | ||||||
ArvinMeritor, Inc. | 9,900 | 77 | ||||||
BorgWarner, Inc. | 10,800 | 327 | ||||||
Cooper Tire & Rubber Co. | 8,900 | 136 | ||||||
Drew Industries, Inc. * | 2,400 | 46 | ||||||
Federal-Mogul Corp. * | 9,200 | 103 | ||||||
Ford Motor Co. * | 340,736 | 2,385 | ||||||
Gentex Corp. | 11,500 | 184 | ||||||
Harley-Davidson, Inc. | 25,500 | 635 | ||||||
Hawk Corp., Class A * | 1,800 | 25 | ||||||
Johnson Controls, Inc. | 59,000 | 1,411 | ||||||
Standard Motor Products, Inc. | 7,500 | 63 | ||||||
Stoneridge, Inc. * | 8,200 | 60 | ||||||
Strattec Security Corp. | 1,500 | 21 | ||||||
Superior Industries International, Inc. | 800 | 11 | ||||||
Tenneco, Inc. * | 4,480 | 61 | ||||||
The Goodyear Tire & Rubber Co. * | 20,500 | 264 | ||||||
Thor Industries, Inc. | 4,500 | 118 | ||||||
TRW Automotive Holdings Corp. * | 7,800 | 122 | ||||||
WABCO Holdings, Inc. | 5,133 | 122 | ||||||
Winnebago Industries, Inc. * | 5,100 | 59 | ||||||
6,262 | ||||||||
Banks 3.2% | ||||||||
1st Source Corp. | 3,728 | 55 | ||||||
AMCORE Financial, Inc. * | 3,811 | 3 | ||||||
Ameris Bancorp | 1,813 | 11 | ||||||
Anchor BanCorp Wisconsin, Inc. | 3,100 | 2 | ||||||
Arrow Financial Corp. | 1,113 | 28 | ||||||
Associated Banc-Corp. | 15,500 | 199 | ||||||
Astoria Financial Corp. | 8,300 | 83 | ||||||
BancFirst Corp. | 2,000 | 72 | ||||||
BancorpSouth, Inc. | 7,612 | 172 | ||||||
BancTrust Financial Group, Inc. | 1,100 | 4 | ||||||
Bank Mutual Corp. | 6,168 | 43 | ||||||
Bank of Hawaii Corp. | 6,500 | 289 | ||||||
Bank of the Ozarks, Inc. | 2,800 | 64 | ||||||
Banner Corp. | 1,200 | 4 | ||||||
BB&T Corp. | 72,458 | 1,732 | ||||||
Beneficial Mutual Bancorp, Inc. * | 7,500 | 69 | ||||||
Berkshire Bancorp, Inc. * | 3,600 | 23 | ||||||
Berkshire Hills Bancorp, Inc. | 1,400 | 29 | ||||||
BOK Financial Corp. | 7,540 | 324 | ||||||
Boston Private Financial Holdings, Inc. | 2,129 | 13 | ||||||
Brookline Bancorp, Inc. | 5,405 | 53 | ||||||
Bryn Mawr Bank Corp. | 1,400 | 22 | ||||||
Camco Financial Corp. | 700 | 1 | ||||||
Camden National Corp. | 700 | 22 | ||||||
Capital City Bank Group, Inc. | 1,875 | 22 | ||||||
CapitalSource, Inc. | 25,400 | 90 | ||||||
Capitol Bancorp Ltd. | 1,500 | 3 | ||||||
Capitol Federal Financial | 6,920 | 210 | ||||||
Cascade Bancorp | 3,318 | 3 | ||||||
Cathay General Bancorp | 6,200 | 55 | ||||||
Central Pacific Financial Corp. | 3,400 | 5 | ||||||
Century Bancorp Inc., Class A | 800 | 19 | ||||||
Charter Financial Corp. | 900 | 12 | ||||||
Chemical Financial Corp. | 5,383 | 118 | ||||||
Citizens First Bancorp, Inc. * | 700 | — | ||||||
Citizens South Banking Corp. | 1,000 | 6 | ||||||
City Holding Co. | 1,800 | 55 | ||||||
City National Corp. | 3,100 | 117 | ||||||
Columbia Banking System, Inc. | 1,951 | 29 | ||||||
Comerica, Inc. | 13,496 | 375 | ||||||
Commerce Bancshares, Inc. | 15,430 | 592 | ||||||
Community Bank System, Inc. | 4,400 | 82 | ||||||
Community Trust Bancorp, Inc. | 2,487 | 61 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Cullen/Frost Bankers, Inc. | 6,300 | 295 | ||||||
CVB Financial Corp. | 5,811 | 47 | ||||||
Dime Community Bancshares | 3,375 | 37 | ||||||
East West Bancorp, Inc. | 5,600 | 51 | ||||||
F.N.B. Corp. | 7,661 | 54 | ||||||
Fannie Mae * | 95,000 | 103 | ||||||
Fifth Third Bancorp | 86,714 | 775 | ||||||
First BanCorp Puerto Rico | 7,200 | 14 | ||||||
First Busey Corp. | 1,500 | 6 | ||||||
First Citizens BancShares, Inc., Class A | 300 | 45 | ||||||
First Commonwealth Financial Corp. | 10,504 | 55 | ||||||
First Financial Bancorp | 1,839 | 23 | ||||||
First Financial Bankshares, Inc. | 4,000 | 194 | ||||||
First Financial Corp. | 600 | 17 | ||||||
First Financial Holdings, Inc. | 3,900 | 53 | ||||||
First Horizon National Corp. * | 22,988 | 272 | ||||||
First M&F Corp. | 2,000 | 4 | ||||||
First Merchants Corp. | 1,041 | 6 | ||||||
First Midwest Bancorp, Inc. | 3,125 | 32 | ||||||
First Niagara Financial Group, Inc. | 13,672 | 176 | ||||||
First Place Financial Corp. | 2,900 | 9 | ||||||
First United Corp. | 2,200 | 24 | ||||||
FirstMerit Corp. | 7,406 | 140 | ||||||
Flushing Financial Corp. | 3,300 | 37 | ||||||
Freddie Mac * | 55,000 | 68 | ||||||
Frontier Financial Corp. * | 1,575 | 1 | ||||||
Fulton Financial Corp. | 14,762 | 122 | ||||||
Glacier Bancorp, Inc. | 7,697 | 101 | ||||||
Great Southern Bancorp, Inc. | 1,400 | 32 | ||||||
Hancock Holding Co. | 5,100 | 185 | ||||||
Harleysville National Corp. | 2,496 | 14 | ||||||
Hawthorn Bancshares, Inc. | 780 | 8 | ||||||
Heritage Financial Corp. | 735 | 9 | ||||||
Horizon Financial Corp. * | 2,695 | 1 | ||||||
Hudson City Bancorp, Inc. | 55,731 | 732 | ||||||
Huntington Bancshares, Inc. | 57,699 | 220 | ||||||
IBERIABANK Corp. | 3,875 | 168 | ||||||
Independent Bank Corp. | 1,000 | 21 | ||||||
Independent Bank Corp., Michigan | 4,302 | 5 | ||||||
Indiana Community Bancorp | 800 | 7 | ||||||
Integra Bank Corp. | 1,225 | 1 | ||||||
International Bancshares Corp. | 7,784 | 116 | ||||||
Investors Bancorp, Inc. * | 9,600 | 104 | ||||||
Kearny Financial Corp. | 5,500 | 54 | ||||||
KeyCorp | 78,290 | 422 | ||||||
Lakeland Financial Corp. | 2,200 | 45 | ||||||
M&T Bank Corp. | 10,246 | 644 | ||||||
MainSource Financial Group, Inc. | 1,735 | 10 | ||||||
Marshall & Ilsley Corp. | 24,650 | 131 | ||||||
MB Financial, Inc. | 2,133 | 38 | ||||||
Merchants Bancshares, Inc. | 750 | 17 | ||||||
MGIC Investment Corp. * | 9,300 | 40 | ||||||
Midwest Banc Holdings, Inc. * | 1,300 | 1 | ||||||
MutualFirst Financial, Inc. | 2,000 | 12 | ||||||
Nara Bancorp, Inc. | 4,000 | 29 | ||||||
National Penn Bancshares, Inc. | 6,675 | 38 | ||||||
NBT Bancorp, Inc. | 4,400 | 96 | ||||||
New York Community Bancorp, Inc. | 31,585 | 341 | ||||||
NewAlliance Bancshares, Inc. | 9,100 | 101 | ||||||
North Valley Bancorp | 1,500 | 4 | ||||||
Northrim BanCorp, Inc. | 3,281 | 49 | ||||||
Northwest Bancorp, Inc. | 5,000 | 110 | ||||||
OceanFirst Financial Corp. | 1,050 | 10 | ||||||
Ocwen Financial Corp. * | 8,420 | 92 | ||||||
Old National Bancorp | 6,244 | 65 | ||||||
Oriental Financial Group, Inc. | 1,663 | 18 | ||||||
Oritani Financial Corp. | 2,000 | 26 | ||||||
PAB Bankshares, Inc. * | 714 | 1 | ||||||
Pacific Capital Bancorp | 6,844 | 9 | ||||||
Park National Corp. | 845 | 49 | ||||||
People’s United Financial, Inc. | 31,987 | 513 | ||||||
Peoples Financial Corp. | 3,000 | 52 | ||||||
Pinnacle Financial Partners, Inc. * | 475 | 6 | ||||||
PNC Financial Services Group, Inc. | 54,032 | 2,644 | ||||||
Popular, Inc. | 21,700 | 47 | ||||||
Premier Financial Bancorp, Inc. | 245 | 2 | ||||||
PrivateBancorp, Inc. | 5,000 | 46 | ||||||
Prosperity Bancshares, Inc. | 6,400 | 229 | ||||||
Provident Financial Holdings, Inc. | 750 | 5 | ||||||
Provident Financial Services, Inc. | 5,217 | 56 | ||||||
Regions Financial Corp. | 101,962 | 493 | ||||||
Renasant Corp. | 1,125 | 16 | ||||||
Republic Bancorp, Inc., Class A | 1,821 | 33 | ||||||
Roma Financial Corp. | 2,500 | 31 | ||||||
S&T Bancorp, Inc. | 4,400 | 69 | ||||||
S.Y. Bancorp, Inc. | 1,470 | 33 | ||||||
Sandy Spring Bancorp, Inc. | 2,900 | 34 | ||||||
Santander BanCorp * | 4,686 | 54 | ||||||
Seacoast Banking Corp. of Florida | 1,980 | 3 | ||||||
Shore Bancshares, Inc. | 750 | 12 | ||||||
Signature Bank * | 3,000 | 95 | ||||||
Simmons First National Corp., Class A | 1,000 | 29 | ||||||
Southwest Bancorp, Inc. | 3,300 | 32 | ||||||
State Bancorp, Inc. | 1,058 | 8 | ||||||
Sterling Bancorp | 1,918 | 13 | ||||||
Sterling Bancshares, Inc. | 6,150 | 34 | ||||||
Sterling Financial Corp. * | 1,827 | 1 | ||||||
Suffolk Bancorp | 2,400 | 67 | ||||||
Sun Bancorp, Inc. * | 4,218 | 17 | ||||||
SunTrust Banks, Inc. | 53,342 | 1,019 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Susquehanna Bancshares, Inc. | 7,468 | 41 | ||||||
SVB Financial Group * | 2,200 | 91 | ||||||
Synovus Financial Corp. | 27,700 | 61 | ||||||
TCF Financial Corp. | 13,600 | 161 | ||||||
TF Financial Corp. | 700 | 13 | ||||||
TFS Financial Corp. | 28,000 | 326 | ||||||
The First of Long Island Corp. | 4,000 | 97 | ||||||
The PMI Group, Inc. | 8,100 | 20 | ||||||
The South Financial Group, Inc. | 4,500 | 4 | ||||||
Timberland Bancorp, Inc. | 2,000 | 9 | ||||||
Tompkins Financial Corp. | 931 | 40 | ||||||
Tree.com, Inc. * | 1,044 | 8 | ||||||
TriCo Bancshares | 400 | 6 | ||||||
TrustCo Bank Corp. NY | 6,857 | 41 | ||||||
Trustmark Corp. | 8,300 | 157 | ||||||
U.S. Bancorp | 203,531 | 4,726 | ||||||
UCBH Holdings, Inc. | 9,400 | 9 | ||||||
UMB Financial Corp. | 3,574 | 142 | ||||||
Umpqua Holdings Corp. | 5,343 | 53 | ||||||
Union Bankshares Corp. | 1,050 | 13 | ||||||
United Bankshares, Inc. | 7,400 | 132 | ||||||
United Community Banks, Inc. * | 3,894 | 16 | ||||||
Valley National Bancorp | 13,571 | 180 | ||||||
Washington Federal, Inc. | 7,942 | 136 | ||||||
Washington Trust Bancorp, Inc. | 1,000 | 15 | ||||||
Webster Financial Corp. | 8,663 | 98 | ||||||
Wells Fargo & Co. | 471,406 | 12,973 | ||||||
WesBanco, Inc. | 4,456 | 63 | ||||||
West Coast Bancorp | 1,200 | 3 | ||||||
Westamerica Bancorp | 5,200 | 249 | ||||||
Whitney Holding Corp. | 6,675 | 54 | ||||||
Wilmington Trust Corp. | 5,700 | 69 | ||||||
Wintrust Financial Corp. | 5,800 | 164 | ||||||
WSFS Financial Corp. | 1,000 | 28 | ||||||
Zions Bancorp | 13,725 | 194 | ||||||
38,092 | ||||||||
Capital Goods 7.4% | ||||||||
3D Systems Corp. * | 1,400 | 12 | ||||||
3M Co. | 67,000 | 4,929 | ||||||
A.O. Smith Corp. | 1,300 | 52 | ||||||
AAON, Inc. | 6,113 | 110 | ||||||
AAR CORP. * | 5,000 | 98 | ||||||
Aceto Corp. | 5,000 | 28 | ||||||
Actuant Corp., Class A | 5,680 | 89 | ||||||
Acuity Brands, Inc. | 5,200 | 165 | ||||||
Aecom Technology Corp. * | 11,000 | 278 | ||||||
Aerosonic Corp. * | 300 | 1 | ||||||
AGCO Corp. * | 6,762 | 190 | ||||||
Aircastle Ltd. | 5,500 | 44 | ||||||
Alamo Group, Inc. | 500 | 7 | ||||||
Albany International Corp., Class A | 3,918 | 65 | ||||||
Alliant Techsystems, Inc. * | 2,437 | 190 | ||||||
American Science & Engineering, Inc. | 500 | 33 | ||||||
American Superconductor Corp. * | 700 | 23 | ||||||
American Woodmark Corp. | 4,000 | 79 | ||||||
Ameron International Corp. | 900 | 53 | ||||||
AMETEK, Inc. | 11,300 | 394 | ||||||
Ampco-Pittsburgh Corp. | 2,800 | 75 | ||||||
Apogee Enterprises, Inc. | 1,200 | 16 | ||||||
Applied Industrial Technologies, Inc. | 6,525 | 132 | ||||||
Applied Signal Technology, Inc. | 2,500 | 51 | ||||||
Armstrong World Industries, Inc. * | 3,500 | 130 | ||||||
Astronics Corp. * | 938 | 8 | ||||||
Astronics Corp., Class B * | 312 | 3 | ||||||
Badger Meter, Inc. | 4,000 | 149 | ||||||
Baldor Electric Co. | 3,800 | 98 | ||||||
Barnes Group, Inc. | 3,600 | 57 | ||||||
BE Aerospace, Inc. * | 6,200 | 110 | ||||||
Belden, Inc. | 4,400 | 101 | ||||||
Blount International, Inc. * | 1,200 | 11 | ||||||
Brady Corp., Class A | 6,400 | 173 | ||||||
Breeze-Eastern Corp. * | 500 | 3 | ||||||
Briggs & Stratton Corp. | 3,500 | 65 | ||||||
Bucyrus International, Inc., Class A | 10,000 | 444 | ||||||
C&D Technologies, Inc. * | 4,500 | 8 | ||||||
Carlisle Cos, Inc. | 6,200 | 192 | ||||||
Cascade Corp. | 4,400 | 109 | ||||||
Caterpillar, Inc. | 66,800 | 3,678 | ||||||
Ceradyne, Inc. * | 2,500 | 40 | ||||||
Chart Industries, Inc. * | 3,000 | 59 | ||||||
Chase Corp. | 200 | 2 | ||||||
CIRCOR International, Inc. | 3,750 | 102 | ||||||
CLARCOR, Inc. | 3,400 | 100 | ||||||
Columbus McKinnon Corp. * | 2,400 | 40 | ||||||
Crane Co. | 5,000 | 139 | ||||||
Cubic Corp. | 2,000 | 69 | ||||||
Cummins, Inc. | 15,600 | 672 | ||||||
Curtiss-Wright Corp. | 3,600 | 107 | ||||||
Danaher Corp. | 29,000 | 1,979 | ||||||
Deere & Co. | 44,000 | 2,004 | ||||||
Donaldson Co., Inc. | 6,500 | 232 | ||||||
Dover Corp. | 20,700 | 780 | ||||||
Ducommun, Inc. | 3,200 | 54 | ||||||
Dycom Industries, Inc. * | 3,300 | 33 | ||||||
DynCorp International, Inc., Class A * | 4,500 | 77 | ||||||
Eaton Corp. | 16,600 | 1,004 | ||||||
EMCOR Group, Inc. * | 7,800 | 184 | ||||||
Emerson Electric Co. | 79,000 | 2,982 | ||||||
Energy Conversion Devices, Inc. * | 600 | 6 | ||||||
ESCO Technologies, Inc. * | 2,800 | 110 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Esterline Technologies Corp. * | 2,400 | 101 | ||||||
Evergreen Solar, Inc. * | 1,000 | 1 | ||||||
Fastenal Co. | 13,200 | 455 | ||||||
Federal Signal Corp. | 5,300 | 33 | ||||||
First Solar, Inc. * | 7,000 | 854 | ||||||
Flow International Corp. * | 900 | 2 | ||||||
Flowserve Corp. | 3,900 | 383 | ||||||
Fluor Corp. | 16,200 | 720 | ||||||
Franklin Electric Co., Inc. | 1,300 | 35 | ||||||
FreightCar America, Inc. | 2,500 | 59 | ||||||
FuelCell Energy, Inc. * | 1,200 | 4 | ||||||
Furmanite Corp. * | 1,400 | 5 | ||||||
Gardner Denver, Inc. * | 6,400 | 230 | ||||||
GATX Corp. | 4,000 | 109 | ||||||
GenCorp, Inc. * | 2,500 | 19 | ||||||
General Cable Corp. * | 4,700 | 146 | ||||||
General Dynamics Corp. | 36,400 | 2,282 | ||||||
General Electric Co. | 1,133,766 | 16,168 | ||||||
Gibraltar Industries, Inc. | 2,500 | 27 | ||||||
Goodrich Corp. | 13,404 | 729 | ||||||
Graco, Inc. | 7,012 | 193 | ||||||
GrafTech International Ltd. * | 8,600 | 116 | ||||||
Granite Construction, Inc. | 4,850 | 139 | ||||||
Hardinge, Inc. | 1,800 | 9 | ||||||
Harsco Corp. | 9,200 | 290 | ||||||
HEICO Corp., Class A | 2,286 | 71 | ||||||
Herley Industries, Inc. * | 4,000 | 45 | ||||||
Hexcel Corp. * | 2,000 | 22 | ||||||
Honeywell International, Inc. | 71,062 | 2,550 | ||||||
Hubbell, Inc., Class B | 6,800 | 289 | ||||||
Icahn Enterprises L.P. | 2,000 | 77 | ||||||
IDEX Corp. | 7,225 | 205 | ||||||
II-VI, Inc. * | 3,800 | 101 | ||||||
Illinois Tool Works, Inc. | 51,700 | 2,374 | ||||||
Ingersoll-Rand plc | 15,942 | 504 | ||||||
Insituform Technologies, Inc., Class A * | 4,300 | 91 | ||||||
Integrated Electrical Services, Inc. * | 5,105 | 34 | ||||||
Interline Brands, Inc. * | 2,000 | 29 | ||||||
ITT Corp. | 17,400 | 882 | ||||||
Jacobs Engineering Group, Inc. * | 10,600 | 448 | ||||||
John Bean Technologies Corp. | 1,983 | 33 | ||||||
Joy Global, Inc. | 19,350 | 975 | ||||||
Kadant, Inc. * | 1 | — | ||||||
Kaydon Corp. | 3,300 | 116 | ||||||
KBR, Inc. | 17,000 | 348 | ||||||
Kennametal, Inc. | 8,000 | 189 | ||||||
Kratos Defense & Security Solutions, Inc. * | 180 | 2 | ||||||
L-3 Communications Holdings, Inc. | 15,100 | 1,092 | ||||||
Ladish Co., Inc. * | 1,300 | 17 | ||||||
Lawson Products, Inc. | 2,000 | 31 | ||||||
Lennox International, Inc. | 4,771 | 161 | ||||||
Lincoln Electric Holdings, Inc. | 3,900 | 185 | ||||||
Lockheed Martin Corp. | 37,052 | 2,549 | ||||||
Lydall, Inc. * | 2,500 | 13 | ||||||
Magnetek, Inc. * | 1,500 | 2 | ||||||
Masco Corp. | 35,800 | 421 | ||||||
MasTec, Inc. * | 5,350 | 63 | ||||||
McDermott International, Inc. * | 25,000 | 556 | ||||||
Michael Baker Corp. * | 3,000 | 107 | ||||||
Moog, Inc., Class A * | 2,787 | 70 | ||||||
MSC Industrial Direct Co., Inc., Class A | 4,300 | 185 | ||||||
Mueller Industries, Inc. | 4,200 | 99 | ||||||
Mueller Water Products, Inc., Class A | 3,139 | 14 | ||||||
NACCO Industries, Inc., Class A | 1,300 | 78 | ||||||
Navistar International Corp. * | 6,500 | 215 | ||||||
NCI Building Systems, Inc. * | 2,900 | 6 | ||||||
NN, Inc. * | 1,800 | 8 | ||||||
Nordson Corp. | 4,000 | 211 | ||||||
Northrop Grumman Corp. | 30,032 | 1,506 | ||||||
Omega Flex, Inc. | 700 | 11 | ||||||
Orbital Sciences Corp. * | 4,600 | 59 | ||||||
Oshkosh Corp. | 9,000 | 281 | ||||||
Otter Tail Corp. | 1,100 | 26 | ||||||
Owens Corning, Inc. * | 11,000 | 243 | ||||||
PACCAR, Inc. | 31,725 | 1,187 | ||||||
Pall Corp. | 12,900 | 409 | ||||||
Parker Hannifin Corp. | 16,500 | 874 | ||||||
Pentair, Inc. | 9,500 | 276 | ||||||
Powell Industries, Inc. * | 1,000 | 37 | ||||||
Power-One, Inc. * | 6,000 | 17 | ||||||
Precision Castparts Corp. | 16,302 | 1,557 | ||||||
Quanex Building Products Corp. | 5,625 | 84 | ||||||
Quanta Services, Inc. * | 18,371 | 389 | ||||||
Raven Industries, Inc. | 2,800 | 69 | ||||||
Raytheon Co. | 44,900 | 2,033 | ||||||
Regal-Beloit Corp. | 2,500 | 117 | ||||||
Robbins & Myers, Inc. | 2,500 | 58 | ||||||
Rockwell Automation, Inc. | 15,700 | 643 | ||||||
Rockwell Collins, Inc. | 13,100 | 660 | ||||||
Roper Industries, Inc. | 6,500 | 329 | ||||||
Sauer-Danfoss, Inc. | 3,800 | 27 | ||||||
Seaboard Corp. | 200 | 270 | ||||||
Simpson Manufacturing Co., Inc. | 3,200 | 75 | ||||||
Snap-on, Inc. | 4,000 | 146 | ||||||
Spirit AeroSystems Holdings, Inc., Class A * | 11,000 | 175 | ||||||
SPX Corp. | 8,610 | 454 | ||||||
Standex International Corp. | 3,000 | 53 | ||||||
SunPower Corp., Class A * | 10,300 | 256 | ||||||
Taser International, Inc. * | 1,700 | 7 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Tecumseh Products Co., Class A * | 3,200 | 33 | ||||||
Teledyne Technologies, Inc. * | 12,157 | 415 | ||||||
Tennant Co. | 4,200 | 112 | ||||||
Terex Corp. * | 7,400 | 150 | ||||||
Textron, Inc. | 23,600 | 420 | ||||||
The Allied Defense Group, Inc. * | 500 | 3 | ||||||
The Boeing Co. | 75,800 | 3,623 | ||||||
The Gorman-Rupp Co. | 4,491 | 111 | ||||||
The Greenbrier Cos., Inc. | 4,100 | 36 | ||||||
The Manitowoc Co., Inc. | 11,600 | 106 | ||||||
The Middleby Corp. * | 7,000 | 317 | ||||||
The Shaw Group, Inc. * | 8,500 | 218 | ||||||
The Stanley Works | 6,600 | 299 | ||||||
The Timken Co. | 6,600 | 145 | ||||||
The Toro Co. | 4,100 | 152 | ||||||
Thomas & Betts Corp. * | 7,300 | 250 | ||||||
Titan International, Inc. | 4,125 | 35 | ||||||
TransDigm Group, Inc. | 3,600 | 141 | ||||||
Tredegar Corp. | 5,100 | 70 | ||||||
Trinity Industries, Inc. | 1,650 | 28 | ||||||
Triumph Group, Inc. | 1,200 | 56 | ||||||
Tutor Perini Corp. * | 5,000 | 88 | ||||||
United Rentals, Inc. * | 5,900 | 56 | ||||||
United Technologies Corp. | 93,068 | 5,719 | ||||||
Universal Forest Products, Inc. | 2,500 | 89 | ||||||
URS Corp. * | 7,700 | 299 | ||||||
USG Corp. * | 3,900 | 51 | ||||||
Valmont Industries, Inc. | 1,900 | 137 | ||||||
Vicor Corp. * | 4,200 | 29 | ||||||
W.W. Grainger, Inc. | 7,300 | 684 | ||||||
Wabash National Corp. * | 2,500 | 5 | ||||||
Wabtec Corp. | 5,828 | 214 | ||||||
Watsco, Inc. | 3,400 | 174 | ||||||
Watts Water Technologies, Inc., Class A | 1,000 | 28 | ||||||
WESCO International, Inc. * | 4,800 | 123 | ||||||
Woodward Governor Co. | 8,000 | 188 | ||||||
88,737 | ||||||||
Commercial & Professional Supplies 1.0% | ||||||||
A.T. Cross Co., Class A * | 2,400 | 9 | ||||||
ABM Industries, Inc. | 4,900 | 92 | ||||||
Administaff, Inc. | 2,800 | 70 | ||||||
American Reprographics Co. * | 4,000 | 24 | ||||||
AMREP Corp. * | 2,500 | 30 | ||||||
ATC Technology Corp. * | 5,011 | 105 | ||||||
Avery Dennison Corp. | 9,700 | 346 | ||||||
Bowne & Co., Inc. * | 4,356 | 28 | ||||||
Casella Waste Systems, Inc., Class A * | 2,500 | 7 | ||||||
CDI Corp. | 3,700 | 45 | ||||||
Cenveo, Inc. * | 4,300 | 30 | ||||||
Cintas Corp. | 15,350 | 425 | ||||||
Clean Harbors, Inc. * | 2,500 | 141 | ||||||
CompX International, Inc. | 1,300 | 9 | ||||||
Consolidated Graphics, Inc. * | 3,900 | 78 | ||||||
Copart, Inc. * | 6,550 | 211 | ||||||
Cornell Cos., Inc. * | 4,600 | 105 | ||||||
Corrections Corp. of America * | 11,484 | 275 | ||||||
CoStar Group, Inc. * | 800 | 31 | ||||||
Covanta Holding Corp. * | 11,700 | 201 | ||||||
CRA International, Inc. * | 2,500 | 62 | ||||||
Deluxe Corp. | 3,800 | 54 | ||||||
Diamond Management & Technology Consultants, Inc. | 1,000 | 6 | ||||||
EnergySolutions, Inc. | 7,000 | 58 | ||||||
Ennis, Inc. | 4,500 | 68 | ||||||
Equifax, Inc. | 13,095 | 359 | ||||||
Exponent, Inc. * | 6,000 | 156 | ||||||
FTI Consulting, Inc. * | 2,700 | 110 | ||||||
G & K Services, Inc., Class A | 4,100 | 91 | ||||||
GP Strategies Corp. * | 1,500 | 11 | ||||||
Healthcare Services Group, Inc. | 8,437 | 167 | ||||||
Heidrick & Struggles International, Inc. | 3,100 | 85 | ||||||
Herman Miller, Inc. | 5,700 | 88 | ||||||
HNI Corp. | 4,000 | 105 | ||||||
Hudson Highland Group, Inc. * | 3,220 | 10 | ||||||
ICT Group, Inc. * | 3,000 | 48 | ||||||
IHS, Inc., Class A * | 6,600 | 342 | ||||||
Interface, Inc., Class A | 5,800 | 45 | ||||||
Iron Mountain, Inc. * | 14,680 | 359 | ||||||
Kelly Services, Inc., Class A | 5,700 | 63 | ||||||
Kforce, Inc. * | 2,905 | 34 | ||||||
Kimball International, Inc., Class B | 6,100 | 46 | ||||||
Knoll, Inc. | 4,000 | 39 | ||||||
Korn/Ferry International * | 3,600 | 57 | ||||||
M&F Worldwide Corp. * | 1,200 | 26 | ||||||
Manpower, Inc. | 6,991 | 331 | ||||||
McGrath Rentcorp | 1,600 | 32 | ||||||
Mine Safety Appliances Co. | 2,700 | 69 | ||||||
Mobile Mini, Inc. * | 1,200 | 17 | ||||||
Monster Worldwide, Inc. * | 9,800 | 142 | ||||||
MPS Group, Inc. * | 11,400 | 154 | ||||||
Multi-Color Corp. | 2,625 | 35 | ||||||
Navigant Consulting, Inc. * | 5,000 | 71 | ||||||
On Assignment, Inc. * | 4,700 | 28 | ||||||
Pitney Bowes, Inc. | 20,000 | 490 | ||||||
R.R. Donnelley & Sons Co. | 17,000 | 341 | ||||||
Republic Services, Inc. | 36,645 | 950 | ||||||
Resources Connection, Inc. * | 3,700 | 64 | ||||||
Robert Half International, Inc. | 14,000 | 325 | ||||||
Rollins, Inc. | 10,012 | 181 | ||||||
School Specialty, Inc. * | 1,600 | 36 | ||||||
Spherion Corp. * | 6,830 | 34 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Steelcase, Inc., Class A | 11,500 | 66 | ||||||
Stericycle, Inc. * | 6,400 | 335 | ||||||
Superior Uniform Group, Inc. | 1,600 | 14 | ||||||
Tetra Tech, Inc. * | 12,031 | 310 | ||||||
The Advisory Board Co. * | 1,000 | 25 | ||||||
The Brink’s Co. | 5,600 | 133 | ||||||
The Corporate Executive Board Co. | 2,700 | 65 | ||||||
The Dun & Bradstreet Corp. | 12,140 | 929 | ||||||
The Geo Group, Inc. * | 11,400 | 241 | ||||||
The Standard Register Co. | 4,100 | 20 | ||||||
TRC Cos., Inc. * | 1,350 | 4 | ||||||
TrueBlue, Inc. * | 6,000 | 73 | ||||||
United Stationers, Inc. * | 2,900 | 137 | ||||||
Viad Corp. | 3,625 | 63 | ||||||
Virco Mfg. Corp. | 1,170 | 3 | ||||||
Volt Information Sciences, Inc. * | 3,150 | 26 | ||||||
Waste Connections, Inc. * | 5,475 | 172 | ||||||
Waste Management, Inc. | 48,100 | 1,437 | ||||||
Watson Wyatt Worldwide, Inc., Class A | 4,600 | 200 | ||||||
12,304 | ||||||||
Consumer Durables & Apparel 1.3% | ||||||||
American Greetings Corp., Class A | 8,500 | 173 | ||||||
Blyth, Inc. | 1,200 | 43 | ||||||
Brookfield Homes Corp. * | 3,074 | 17 | ||||||
Brunswick Corp. | 7,400 | 70 | ||||||
Callaway Golf Co. | 5,600 | 38 | ||||||
Carter’s, Inc. * | 5,000 | 118 | ||||||
Cavco Industries, Inc. * | 410 | 12 | ||||||
Coach, Inc. | 32,008 | 1,055 | ||||||
Columbia Sportswear Co. | 4,350 | 166 | ||||||
Craftmade International, Inc. * | 2,800 | 7 | ||||||
CSS Industries, Inc. | 3,400 | 69 | ||||||
D.R. Horton, Inc. | 24,604 | 270 | ||||||
Deckers Outdoor Corp. * | 2,500 | 224 | ||||||
DGSE Cos., Inc. * | 700 | 1 | ||||||
Eastman Kodak Co. | 22,700 | 85 | ||||||
Ethan Allen Interiors, Inc. | 4,200 | 52 | ||||||
Flexsteel Industries, Inc. | 600 | 5 | ||||||
Foamex International, Inc. (a) | 2,278 | — | ||||||
Fortune Brands, Inc. | 11,500 | 448 | ||||||
Fossil, Inc. * | 5,462 | 146 | ||||||
Furniture Brands International, Inc. * | 4,700 | 20 | ||||||
Garmin Ltd. | 16,000 | 484 | ||||||
Hanesbrands, Inc. * | 11,047 | 239 | ||||||
Harman International Industries, Inc. | 6,800 | 256 | ||||||
Hasbro, Inc. | 14,500 | 395 | ||||||
Helen of Troy Ltd. * | 5,000 | 114 | ||||||
Hovnanian Enterprises, Inc., Class A * | 3,700 | 15 | ||||||
Jarden Corp. | 7,059 | 193 | ||||||
Jones Apparel Group, Inc. | 12,156 | 218 | ||||||
K-Swiss, Inc., Class A | 2,400 | 20 | ||||||
KB HOME | 7,800 | 111 | ||||||
Kenneth Cole Productions, Inc., Class A | 3,100 | 30 | ||||||
Kid Brands, Inc. * | 3,000 | 15 | ||||||
Leggett & Platt, Inc. | 16,200 | 313 | ||||||
Lennar Corp., Class A | 12,190 | 154 | ||||||
Liz Claiborne, Inc. | 8,600 | 49 | ||||||
M.D.C. Holdings, Inc. | 4,403 | 144 | ||||||
M/I Homes, Inc. * | 1,800 | 20 | ||||||
Maidenform Brands, Inc. * | 5,000 | 70 | ||||||
Marine Products Corp. | 405 | 2 | ||||||
Mattel, Inc. | 34,300 | 649 | ||||||
Meritage Homes Corp. * | 1,000 | 18 | ||||||
Mohawk Industries, Inc. * | 4,819 | 206 | ||||||
Movado Group, Inc. | 3,300 | 35 | ||||||
Nautilus, Inc. * | 4,125 | 7 | ||||||
Newell Rubbermaid, Inc. | 23,900 | 347 | ||||||
NIKE, Inc., Class B | 47,400 | 2,947 | ||||||
NVR, Inc. * | 500 | 331 | ||||||
Oxford Industries, Inc. | 2,500 | 48 | ||||||
Palm Harbor Homes, Inc. * | 2,700 | 6 | ||||||
Perry Ellis International, Inc. * | 2,500 | 34 | ||||||
Phillips-Van Heusen Corp. | 5,600 | 225 | ||||||
Polaris Industries, Inc. | 3,200 | 135 | ||||||
Polo Ralph Lauren Corp. | 7,500 | 558 | ||||||
Pool Corp. | 5,662 | 111 | ||||||
Pulte Homes, Inc. | 30,676 | 276 | ||||||
Quiksilver, Inc. * | 4,000 | 8 | ||||||
RC2 Corp. * | 2,200 | 29 | ||||||
Skechers U.S.A., Inc., Class A * | 6,500 | 142 | ||||||
Skyline Corp. | 2,600 | 46 | ||||||
Standard Pacific Corp. * | 4,800 | 14 | ||||||
Stanley Furniture Co., Inc. | 5,200 | 41 | ||||||
Steven Madden Ltd. * | 2,700 | 109 | ||||||
Sturm, Ruger & Co., Inc. | 6,000 | 64 | ||||||
Tandy Brands Accessories, Inc. * | 1,000 | 4 | ||||||
Tempur-Pedic International, Inc. * | 8,000 | 155 | ||||||
The Black & Decker Corp. | 7,100 | 335 | ||||||
The Ryland Group, Inc. | 3,700 | 69 | ||||||
The Timberland Co., Class A * | 5,300 | 86 | ||||||
The Warnaco Group, Inc. * | 2,500 | 101 | ||||||
Toll Brothers, Inc. * | 13,700 | 237 | ||||||
Tupperware Brands Corp. | 4,800 | 216 | ||||||
UniFirst Corp. | 1,500 | 63 | ||||||
Uniroyal Technology Corp. (a)(c) | 1,100 | — | ||||||
Universal Electronics, Inc. * | 5,200 | 107 | ||||||
VF Corp. | 13,500 | 959 | ||||||
Whirlpool Corp. | 6,849 | 490 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Wolverine World Wide, Inc. | 7,800 | 200 | ||||||
15,269 | ||||||||
Consumer Services 2.1% | ||||||||
Ambassadors Groups, Inc. | 3,400 | 43 | ||||||
Ameristar Casinos, Inc. | 6,400 | 94 | ||||||
Apollo Group, Inc., Class A * | 14,550 | 831 | ||||||
Bally Technologies, Inc. * | 6,000 | 236 | ||||||
Bob Evans Farms, Inc. | 2,200 | 58 | ||||||
Boyd Gaming Corp. * | 7,800 | 57 | ||||||
Brink’s Home Security Holdings, Inc. * | 5,600 | 173 | ||||||
Brinker International, Inc. | 10,350 | 131 | ||||||
Burger King Holdings, Inc. | 13,800 | 237 | ||||||
Career Education Corp. * | 8,614 | 180 | ||||||
Carnival Corp. | 50,000 | 1,456 | ||||||
CEC Entertainment, Inc. * | 2,025 | 59 | ||||||
Chipotle Mexican Grill, Inc., Class A * | 2,600 | 212 | ||||||
Choice Hotels International, Inc. | 6,800 | 203 | ||||||
Churchill Downs, Inc. | 900 | 28 | ||||||
CKE Restaurants, Inc. | 4,800 | 42 | ||||||
Coinstar, Inc. * | 5,000 | 159 | ||||||
Corinthian Colleges, Inc. * | 9,200 | 146 | ||||||
CPI Corp. | 2,900 | 33 | ||||||
Cracker Barrel Old Country Store, Inc. | 3,446 | 114 | ||||||
Darden Restaurants, Inc. | 13,300 | 403 | ||||||
DeVry, Inc. | 7,800 | 431 | ||||||
DineEquity, Inc. | 3,000 | 63 | ||||||
Domino’s Pizza, Inc. * | 5,100 | 37 | ||||||
Dover Downs Gaming & Entertainment, Inc. | 4,899 | 23 | ||||||
Dover Motorsports, Inc. | 1,400 | 2 | ||||||
Empire Resorts, Inc. * | 3,000 | 8 | ||||||
Gaylord Entertainment Co. * | 2,625 | 39 | ||||||
H&R Block, Inc. | 26,300 | 482 | ||||||
Hillenbrand, Inc. | 5,800 | 116 | ||||||
International Game Technology | 29,100 | 519 | ||||||
International Speedway Corp., Class A | 3,245 | 83 | ||||||
Interval Leisure Group, Inc. * | 6,269 | 70 | ||||||
Isle of Capri Casinos, Inc. * | 4,400 | 34 | ||||||
ITT Educational Services, Inc. * | 6,000 | 542 | ||||||
Jack in the Box, Inc. * | 8,400 | 158 | ||||||
Jackson Hewitt Tax Service, Inc. | 3,000 | 15 | ||||||
Krispy Kreme Doughnuts, Inc. * | 2,100 | 7 | ||||||
Lakes Entertainment, Inc. * | 1,800 | 4 | ||||||
Landry’s Restaurants, Inc. * | 1,800 | 20 | ||||||
Las Vegas Sands Corp. * | 40,000 | 604 | ||||||
Learning Tree International, Inc. * | 1,400 | 15 | ||||||
Life Time Fitness, Inc. * | 2,500 | 54 | ||||||
Luby’s, Inc. * | 1,400 | 5 | ||||||
Marriott International, Inc., Class A | 37,680 | 944 | ||||||
Matthews International Corp., Class A | 1,900 | 70 | ||||||
McDonald’s Corp. | 148,709 | 8,716 | ||||||
MGM MIRAGE * | 37,500 | 348 | ||||||
Monarch Casino & Resort, Inc. * | 8,000 | 56 | ||||||
MTR Gaming Group, Inc. * | 5,300 | 12 | ||||||
Multimedia Games, Inc. * | 1,500 | 7 | ||||||
Nobel Learning Communities, Inc. * | 500 | 4 | ||||||
O’Charley’s, Inc. * | 400 | 3 | ||||||
Orient-Express Hotels Ltd., Class A | 1,600 | 14 | ||||||
P.F. Chang’s China Bistro, Inc. * | 800 | 23 | ||||||
Panera Bread Co., Class A * | 3,800 | 228 | ||||||
Papa John’s International, Inc. * | 3,400 | 77 | ||||||
Peet’s Coffee & Tea, Inc. * | 1,800 | 61 | ||||||
Penn National Gaming, Inc. * | 6,800 | 171 | ||||||
Pinnacle Entertainment, Inc. * | 6,800 | 57 | ||||||
Pre-Paid Legal Services, Inc. * | 3,600 | 142 | ||||||
Regis Corp. | 3,900 | 63 | ||||||
Royal Caribbean Cruises Ltd. * | 19,500 | 394 | ||||||
Ruby Tuesday, Inc. * | 5,600 | 37 | ||||||
Scientific Games Corp., Class A * | 9,500 | 134 | ||||||
Service Corp. International | 24,100 | 166 | ||||||
Shuffle Master, Inc. * | 2,812 | 22 | ||||||
Sonic Corp. * | 7,968 | 75 | ||||||
Sotheby’s | 5,438 | 86 | ||||||
Speedway Motorsports, Inc. | 4,800 | 65 | ||||||
Starbucks Corp. * | 77,600 | 1,473 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 17,730 | 515 | ||||||
Stewart Enterprises, Inc., Class A | 10,000 | 46 | ||||||
Strayer Education, Inc. | 700 | 142 | ||||||
Texas Roadhouse, Inc., Class A * | 5,900 | 56 | ||||||
The Cheesecake Factory, Inc. * | 5,887 | 107 | ||||||
The Steak n Shake Co. * | 1,580 | 18 | ||||||
Vail Resorts, Inc. * | 3,800 | 131 | ||||||
Weight Watchers International, Inc. | 8,700 | 231 | ||||||
Wendy’s/Arby’s Group, Inc., Class A | 50,775 | 201 | ||||||
WMS Industries, Inc. * | 8,250 | 330 | ||||||
Wyndham Worldwide Corp. | 16,744 | 285 | ||||||
Wynn Resorts Ltd. * | 9,000 | 488 | ||||||
Yum! Brands, Inc. | 48,000 | 1,582 | ||||||
25,806 | ||||||||
Diversified Financials 7.1% | ||||||||
Advance America Cash Advance Centers, Inc. | 12,500 | 62 | ||||||
Affiliated Managers Group, Inc. * | 4,800 | 305 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
AllianceBernstein Holding L.P. | 7,700 | 208 | ||||||
American Express Co. | 105,150 | 3,663 | ||||||
AmeriCredit Corp. * | 12,300 | 217 | ||||||
Ameriprise Financial, Inc. | 21,030 | 729 | ||||||
Asset Acceptance Capital Corp. * | 2,500 | 18 | ||||||
ASTA Funding, Inc. | 6,000 | 39 | ||||||
Bank of America Corp. | 926,956 | 13,515 | ||||||
Bank of New York Mellon Corp. | 122,734 | 3,272 | ||||||
BGC Partners, Inc., Class A | 28,300 | 137 | ||||||
BlackRock, Inc. | 8,400 | 1,819 | ||||||
Calamos Asset Management, Inc., Class A | 5,000 | 53 | ||||||
Capital One Financial Corp. | 40,710 | 1,490 | ||||||
Cash America International, Inc. | 6,500 | 197 | ||||||
CIT Group, Inc. | 18,600 | 13 | ||||||
Citigroup, Inc. | 1,565,086 | 6,401 | ||||||
CME Group, Inc. | 6,330 | 1,916 | ||||||
Cohen & Steers, Inc. | 5,400 | 104 | ||||||
CompuCredit Holdings Corp. * | 8,400 | 28 | ||||||
Cowen Group, Inc. * | 6,500 | 49 | ||||||
Credit Acceptance Corp. * | 2,400 | 83 | ||||||
Discover Financial Services | 45,150 | 638 | ||||||
Dollar Financial Corp. * | 6,500 | 122 | ||||||
E*TRADE Financial Corp. * | 34,335 | 50 | ||||||
Eaton Vance Corp. | 11,600 | 329 | ||||||
Encore Capital Group, Inc. * | 2,000 | 30 | ||||||
Evercore Partners, Inc., Class A | 6,500 | 212 | ||||||
EZCORP, Inc., Class A * | 8,500 | 110 | ||||||
FBR Capital Markets Corp. * | 4,000 | 24 | ||||||
Federated Investors, Inc., Class B | 9,950 | 261 | ||||||
Financial Federal Corp. | 3,700 | 76 | ||||||
Fortress Investment Group L.L.C., Class A * | 30,000 | 126 | ||||||
Franklin Resources, Inc. | 20,600 | 2,155 | ||||||
GAMCO Investors, Inc., Class A | 3,200 | 135 | ||||||
GFI Group, Inc. | 9,900 | 51 | ||||||
Greenhill & Co., Inc. | 2,500 | 216 | ||||||
Interactive Brokers Group, Inc., Class A * | 3,400 | 54 | ||||||
IntercontinentalExchange, Inc. * | 5,100 | 511 | ||||||
International Assets Holding Corp. * | 737 | 13 | ||||||
Invesco Ltd. | 35,000 | 740 | ||||||
Investment Technology Group, Inc. * | 4,750 | 103 | ||||||
Janus Capital Group, Inc. | 19,200 | 252 | ||||||
Jefferies Group, Inc. * | 14,200 | 371 | ||||||
JPMorgan Chase & Co. | 420,444 | 17,562 | ||||||
Knight Capital Group, Inc., Class A * | 9,700 | 163 | ||||||
LaBranche & Co., Inc. * | 6,900 | 19 | ||||||
Lazard Ltd., Class A | 7,300 | 276 | ||||||
Legg Mason, Inc. | 13,050 | 380 | ||||||
Leucadia National Corp. * | 21,908 | 492 | ||||||
MarketAxess Holdings, Inc. * | 4,000 | 48 | ||||||
MF Global Ltd. * | 14,000 | 100 | ||||||
MicroFinancial, Inc. | 1,900 | 6 | ||||||
Moody’s Corp. | 26,600 | 630 | ||||||
Morgan Stanley | 140,500 | 4,513 | ||||||
MSCI, Inc., Class A * | 9,000 | 274 | ||||||
Nelnet, Inc., Class A * | 7,500 | 105 | ||||||
NewStar Financial, Inc. * | 2,000 | 5 | ||||||
Northern Trust Corp. | 25,500 | 1,281 | ||||||
NYSE Euronext | 22,500 | 582 | ||||||
Och-Ziff Capital Management Group, Class A | 27,500 | 334 | ||||||
optionsXpress Holdings, Inc. | 5,300 | 83 | ||||||
Penson Worldwide, Inc. * | 8,000 | 78 | ||||||
PHH Corp. * | 4,186 | 68 | ||||||
Piper Jaffray Cos., Inc. * | 3,950 | 183 | ||||||
Portfolio Recovery Associates, Inc. * | 2,000 | 92 | ||||||
Raymond James Financial, Inc. | 10,350 | 244 | ||||||
Resource America, Inc., Class A | 4,000 | 15 | ||||||
SEI Investments Co. | 19,400 | 339 | ||||||
Siebert Financial Corp. * | 2,900 | 7 | ||||||
SLM Corp. * | 42,300 | 410 | ||||||
State Street Corp. | 52,983 | 2,224 | ||||||
Stifel Financial Corp. * | 3,000 | 156 | ||||||
SWS Group, Inc. | 8,211 | 110 | ||||||
T. Rowe Price Group, Inc. | 21,400 | 1,043 | ||||||
TD Ameritrade Holding Corp. * | 52,400 | 1,011 | ||||||
Teton Advisors, Inc., Class B (a)(c)* | 48 | — | ||||||
The Blackstone Group L.P. | 22,000 | 295 | ||||||
The Charles Schwab Corp. (b) | 111,120 | 1,927 | ||||||
The First Marblehead Corp. * | 7,500 | 15 | ||||||
The Goldman Sachs Group, Inc. | 47,700 | 8,117 | ||||||
The NASDAQ OMX Group, Inc. * | 17,100 | 309 | ||||||
The Student Loan Corp. | 1,700 | 72 | ||||||
TradeStation Group, Inc. * | 4,000 | 31 | ||||||
Virtus Investment Partners, Inc. * | 475 | 7 | ||||||
W.P. Carey & Co., L.L.C. | 4,100 | 114 | ||||||
Waddell & Reed Financial, Inc., Class A | 7,250 | 203 | ||||||
Westwood Holdings Group, Inc. | 4,285 | 151 | ||||||
World Acceptance Corp. * | 5,000 | 125 | ||||||
85,096 | ||||||||
Energy 11.7% | ||||||||
Abraxas Petroleum Corp. * | 8,500 | 14 | ||||||
Adams Resources & Energy, Inc. | 1,400 | 32 | ||||||
Alliance Holdings GP L.P. | 4,000 | 87 | ||||||
Alliance Resource Partners L.P. | 3,400 | 127 | ||||||
Alon USA Energy, Inc. | 8,700 | 73 | ||||||
Alpha Natural Resources, Inc. * | 12,210 | 415 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Anadarko Petroleum Corp. | 52,660 | 3,209 | ||||||
Apache Corp. | 34,572 | 3,254 | ||||||
Apco Oil & Gas International, Inc. | 800 | 17 | ||||||
Approach Resources, Inc. * | 4,000 | 31 | ||||||
Arch Coal, Inc. | 12,500 | 271 | ||||||
Arena Resources, Inc. * | 3,000 | 112 | ||||||
Atlas Energy, Inc. | 10,965 | 287 | ||||||
ATP Oil & Gas Corp. * | 6,600 | 114 | ||||||
Atwood Oceanics, Inc. * | 4,800 | 170 | ||||||
Baker Hughes, Inc. | 28,300 | 1,191 | ||||||
Basic Energy Services, Inc. * | 3,000 | 21 | ||||||
Berry Petroleum Co., Class A | 4,000 | 101 | ||||||
Bill Barrett Corp. * | 3,700 | 115 | ||||||
BJ Services Co. | 28,600 | 549 | ||||||
Boardwalk Pipeline Partners L.P. | 14,100 | 363 | ||||||
BP Prudhoe Bay Royalty Trust | 2,200 | 169 | ||||||
Brigham Exploration Co. * | 5,000 | 47 | ||||||
Bristow Group, Inc. * | 6,800 | 198 | ||||||
Buckeye Partners L.P. | 3,400 | 169 | ||||||
Cabot Oil & Gas Corp. | 22,200 | 854 | ||||||
Cal Dive International, Inc. * | 9,000 | 69 | ||||||
Callon Petroleum Co. * | 5,000 | 8 | ||||||
Cameron International Corp. * | 18,200 | 673 | ||||||
CARBO Ceramics, Inc. | 1,900 | 111 | ||||||
Carrizo Oil & Gas, Inc. * | 3,000 | 70 | ||||||
Cheniere Energy Partners L.P. | 5,000 | 53 | ||||||
Chesapeake Energy Corp. | 66,500 | 1,629 | ||||||
Chevron Corp. | 213,339 | 16,329 | ||||||
Cimarex Energy Co. | 8,008 | 314 | ||||||
Clayton Williams Energy, Inc. * | 2,500 | 65 | ||||||
CNX Gas Corp. * | 12,000 | 334 | ||||||
Complete Production Services, Inc. * | 6,100 | 58 | ||||||
Comstock Resources, Inc. * | 4,500 | 185 | ||||||
Concho Resources, Inc. * | 6,400 | 244 | ||||||
ConocoPhillips | 138,223 | 6,936 | ||||||
CONSOL Energy, Inc. | 19,100 | 818 | ||||||
Contango Oil & Gas Co. * | 2,000 | 95 | ||||||
Continental Resources, Inc. * | 15,000 | 558 | ||||||
CREDO Petroleum Corp. * | 6,700 | 65 | ||||||
Cross Timbers Royalty Trust | 1,500 | 48 | ||||||
Crosstex Energy L.P. | 2,000 | 12 | ||||||
Crosstex Energy, Inc. | 3,200 | 18 | ||||||
CVR Energy, Inc. * | 6,900 | 73 | ||||||
Delek US Holdings, Inc. | 7,000 | 47 | ||||||
Delta Petroleum Corp. * | 8,600 | 11 | ||||||
Denbury Resources, Inc. * | 19,600 | 286 | ||||||
Devon Energy Corp. | 43,560 | 2,819 | ||||||
Diamond Offshore Drilling, Inc. | 12,300 | 1,172 | ||||||
Dresser-Rand Group, Inc. * | 9,000 | 265 | ||||||
Dril-Quip, Inc. * | 3,100 | 151 | ||||||
Duncan Energy Partners L.P. | 5,300 | 110 | ||||||
Eagle Rock Energy Partners L.P. | 3,000 | 14 | ||||||
El Paso Corp. | 61,587 | 604 | ||||||
El Paso Pipeline Partners L.P. | 4,000 | 88 | ||||||
Enbridge Energy Management L.L.C. * | 1,695 | 79 | ||||||
Enbridge Energy Partners L.P. | 3,600 | 167 | ||||||
Encore Acquisition Co. * | 5,250 | 195 | ||||||
Energy Transfer Equity L.P. | 11,000 | 314 | ||||||
Energy Transfer Partners L.P. | 5,500 | 238 | ||||||
ENGlobal Corp. * | 4,000 | 12 | ||||||
ENSCO International, Inc. | 11,200 | 513 | ||||||
Enterprise GP Holdings L.P. | 14,100 | 459 | ||||||
Enterprise Products Partners L.P. | 23,700 | 665 | ||||||
EOG Resources, Inc. | 26,300 | 2,148 | ||||||
EXCO Resources, Inc. | 33,000 | 515 | ||||||
Exterran Holdings, Inc. * | 4,720 | 96 | ||||||
Exxon Mobil Corp. | 525,466 | 37,660 | ||||||
FMC Technologies, Inc. * | 13,182 | 693 | ||||||
Forest Oil Corp. * | 9,450 | 185 | ||||||
Frontier Oil Corp. | 14,400 | 200 | ||||||
General Maritime Corp. | 14,720 | 101 | ||||||
Geomet, Inc. * | 4,000 | 8 | ||||||
Global Industries Ltd. * | 14,400 | 105 | ||||||
Goodrich Petroleum Corp. * | 3,500 | 90 | ||||||
Gulf Island Fabrication, Inc. | 2,800 | 54 | ||||||
GulfMark Offshore, Inc. * | 4,100 | 113 | ||||||
Gulfport Energy Corp. * | 5,000 | 38 | ||||||
Halliburton Co. | 96,200 | 2,810 | ||||||
Harvest Natural Resources, Inc. * | 6,000 | 33 | ||||||
Helix Energy Solutions Group, Inc. * | 8,564 | 118 | ||||||
Helmerich & Payne, Inc. | 9,600 | 365 | ||||||
Hercules Offshore, Inc. * | 7,400 | 38 | ||||||
Hess Corp. | 31,200 | 1,708 | ||||||
Holly Corp. | 8,000 | 232 | ||||||
Hornbeck Offshore Services, Inc. * | 5,000 | 122 | ||||||
Houston American Energy Corp. | 4,000 | 16 | ||||||
Hugoton Royalty Trust | 4,846 | 79 | ||||||
Inergy L.P. | 2,500 | 77 | ||||||
International Coal Group, Inc. * | 12,800 | 52 | ||||||
ION Geophysical Corp. * | 7,900 | 30 | ||||||
James River Coal Co. * | 2,500 | 47 | ||||||
Key Energy Services, Inc. * | 10,300 | 75 | ||||||
Kinder Morgan Energy Partners L.P. | 10,000 | 540 | ||||||
Kinder Morgan Management L.L.C. * | 5,839 | 273 | ||||||
Linn Energy L.L.C. | 6,000 | 147 | ||||||
Lufkin Industries, Inc. | 3,500 | 200 | ||||||
Magellan Midstream Partners L.P. | 5,795 | 225 | ||||||
Marathon Oil Corp. | 74,308 | 2,376 | ||||||
Mariner Energy, Inc. * | 9,601 | 122 | ||||||
MarkWest Energy Partners L.P. | 5,500 | 132 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Massey Energy Co. | 9,800 | 285 | ||||||
Matrix Service Co. * | 8,000 | 71 | ||||||
McMoRan Exploration Co. * | 4,500 | 35 | ||||||
Murphy Oil Corp. | 18,500 | 1,131 | ||||||
Nabors Industries Ltd. * | 23,634 | 492 | ||||||
NATCO Group, Inc., Class A * | 6,200 | 271 | ||||||
National-Oilwell Varco, Inc. * | 43,122 | 1,768 | ||||||
Natural Gas Services Group * | 7,500 | 127 | ||||||
Natural Resource Partners L.P. | 7,000 | 153 | ||||||
Newfield Exploration Co. * | 10,600 | 435 | ||||||
Newpark Resources, Inc. * | 11,500 | 35 | ||||||
Ngas Resources, Inc. * | 4,000 | 7 | ||||||
Noble Corp. | 13,200 | 538 | ||||||
Noble Energy, Inc. | 24,218 | 1,589 | ||||||
NuStar Energy L.P. | 2,400 | 129 | ||||||
NuStar GP Holdings L.L.C. | 4,000 | 97 | ||||||
Occidental Petroleum Corp. | 86,120 | 6,535 | ||||||
Oceaneering International, Inc. * | 5,200 | 266 | ||||||
Oil States International, Inc. * | 3,600 | 124 | ||||||
ONEOK Partners L.P. | 3,000 | 163 | ||||||
Overseas Shipholding Group, Inc. | 3,700 | 145 | ||||||
OYO Geospace Corp. * | 300 | 8 | ||||||
Panhandle Oil & Gas, Inc., Class A | 2,000 | 39 | ||||||
Parker Drilling Co. * | 18,300 | 95 | ||||||
Patriot Coal Corp. * | 6,700 | 76 | ||||||
Patterson-UTI Energy, Inc. | 13,200 | 206 | ||||||
Peabody Energy Corp. | 23,700 | 938 | ||||||
Penn Virginia Corp. | 5,000 | 101 | ||||||
Penn Virginia Resource Partners L.P. | 5,000 | 92 | ||||||
Petrohawk Energy Corp. * | 32,600 | 767 | ||||||
Petroleum Development Corp. * | 4,000 | 67 | ||||||
PetroQuest Energy, Inc. * | 4,200 | 26 | ||||||
PHI, Inc. * | 4,000 | 69 | ||||||
Pioneer Drilling Co. * | 9,200 | 62 | ||||||
Pioneer Natural Resources Co. | 13,133 | 540 | ||||||
Plains All American Pipeline L.P. | 3,695 | 177 | ||||||
Plains Exploration & Production Co. * | 9,765 | 259 | ||||||
Pride International, Inc. * | 15,700 | 464 | ||||||
Quicksilver Resources, Inc. * | 14,900 | 182 | ||||||
Range Resources Corp. | 14,100 | 706 | ||||||
Rex Energy Corp. * | 8,000 | 65 | ||||||
Rosetta Resources, Inc. * | 6,600 | 89 | ||||||
Rowan Cos., Inc. | 11,400 | 265 | ||||||
RPC, Inc. | 11,475 | 107 | ||||||
SandRidge Energy, Inc. * | 15,000 | 153 | ||||||
Schlumberger Ltd. | 132,000 | 8,210 | ||||||
SEACOR Holdings, Inc. * | 1,250 | 102 | ||||||
Seahawk Drilling, Inc. * | 1,046 | 28 | ||||||
Ship Finance International Ltd. | 6,100 | 69 | ||||||
Smith International, Inc. | 18,932 | 525 | ||||||
Southern Union Co. | 12,874 | 252 | ||||||
Southwestern Energy Co. * | 38,000 | 1,656 | ||||||
Spectra Energy Corp. | 59,678 | 1,141 | ||||||
St. Mary Land & Exploration Co. | 7,400 | 252 | ||||||
Stone Energy Corp. * | 4,383 | 67 | ||||||
Sunoco Logistics Partners L.P. | 2,000 | 117 | ||||||
Sunoco, Inc. | 11,000 | 339 | ||||||
Superior Energy Services, Inc. * | 9,900 | 214 | ||||||
Swift Energy Co. * | �� | 2,500 | 53 | |||||
T-3 Energy Services, Inc. * | 5,000 | 100 | ||||||
TC Pipelines L.P. | 2,400 | 94 | ||||||
Teekay Corp. | 6,000 | 124 | ||||||
Teekay LNG Partners L.P. | 1,000 | 24 | ||||||
Tesoro Corp. | 14,600 | 206 | ||||||
TETRA Technologies, Inc. * | 5,300 | 50 | ||||||
The Williams Cos., Inc. | 51,360 | 968 | ||||||
Tidewater, Inc. | 7,700 | 321 | ||||||
Transocean Ltd. * | 4,012 | 337 | ||||||
Trico Marine Services, Inc. * | 5,000 | 31 | ||||||
Ultra Petroleum Corp. * | 13,000 | 631 | ||||||
Union Drilling, Inc. * | 2,500 | 19 | ||||||
Unit Corp. * | 4,400 | 172 | ||||||
USEC, Inc. * | 14,300 | 55 | ||||||
VAALCO Energy, Inc. * | 9,000 | 38 | ||||||
Valero Energy Corp. | 50,980 | 923 | ||||||
Verenium Corp. * | 91 | — | ||||||
W&T Offshore, Inc. | 7,500 | 87 | ||||||
Warren Resources, Inc. * | 5,000 | 11 | ||||||
Western Refining, Inc. * | 5,600 | 31 | ||||||
Westmoreland Coal Co. * | 6,500 | 43 | ||||||
Whiting Petroleum Corp. * | 3,400 | 192 | ||||||
Williams Partners L.P. | 5,000 | 127 | ||||||
World Fuel Services Corp. | 4,100 | 208 | ||||||
XTO Energy, Inc. | 60,677 | 2,522 | ||||||
141,075 | ||||||||
Food & Staples Retailing 2.5% | ||||||||
Arden Group, Inc., Class A | 600 | 68 | ||||||
BJ’s Wholesale Club, Inc. * | 6,100 | 214 | ||||||
Casey’s General Stores, Inc. | 5,100 | 161 | ||||||
Costco Wholesale Corp. | 43,600 | 2,479 | ||||||
CVS Caremark Corp. | 150,640 | 5,317 | ||||||
Ingles Markets, Inc., Class A | 300 | 4 | ||||||
Nash Finch Co. | 1,700 | 49 | ||||||
PriceSmart, Inc. | 500 | 10 | ||||||
Rite Aid Corp. * | 75,000 | 97 | ||||||
Ruddick Corp. | 3,100 | 83 | ||||||
Safeway, Inc. | 38,900 | 869 | ||||||
Spartan Stores, Inc. | 500 | 7 | ||||||
SUPERVALU, Inc. | 24,332 | 386 | ||||||
Sysco Corp. | 56,136 | 1,485 | ||||||
The Andersons, Inc. | 1,000 | 31 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
The Great Atlantic & Pacific Tea Co., Inc. * | 2,705 | 27 | ||||||
The Kroger Co. | 63,800 | 1,476 | ||||||
The Pantry, Inc. * | 1,000 | 14 | ||||||
United Natural Foods, Inc. * | 2,600 | 63 | ||||||
Wal-Mart Stores, Inc. | 259,100 | 12,872 | ||||||
Walgreen Co. | 107,400 | 4,063 | ||||||
Weis Markets, Inc. | 1,700 | 60 | ||||||
Whole Foods Market, Inc. * | 13,900 | 445 | ||||||
Winn-Dixie Stores, Inc. * | 5,000 | 55 | ||||||
30,335 | ||||||||
Food, Beverage & Tobacco 5.4% | ||||||||
Alliance One International, Inc. * | 10,800 | 48 | ||||||
Altria Group, Inc. | 194,800 | 3,528 | ||||||
American Italian Pasta Co., Class A * | 1,000 | 27 | ||||||
Archer-Daniels-Midland Co. | 53,958 | 1,625 | ||||||
Bridgford Foods Corp. * | 300 | 2 | ||||||
Brown-Forman Corp., Class B | 12,390 | 605 | ||||||
Bunge Ltd. | 8,000 | 456 | ||||||
Campbell Soup Co. | 35,400 | 1,124 | ||||||
Chiquita Brands International, Inc. * | 3,200 | 52 | ||||||
Coca-Cola Bottling Co. | 400 | 18 | ||||||
Coca-Cola Enterprises, Inc. | 44,000 | 839 | ||||||
ConAgra Foods, Inc. | 43,293 | 909 | ||||||
Constellation Brands, Inc., Class A * | 17,600 | 278 | ||||||
Corn Products International, Inc. | 5,800 | 163 | ||||||
Dean Foods Co. * | 16,113 | 294 | ||||||
Del Monte Foods Co. | 16,031 | 173 | ||||||
Dr. Pepper Snapple Group, Inc. * | 20,000 | 545 | ||||||
Flowers Foods, Inc. | 7,158 | 167 | ||||||
Fresh Del Monte Produce, Inc. * | 4,200 | 91 | ||||||
General Mills, Inc. | 31,300 | 2,063 | ||||||
Green Mountain Coffee Roasters, Inc. * | 4,050 | 269 | ||||||
Griffin Land & Nurseries, Inc. | 300 | 9 | ||||||
H.J. Heinz Co. | 27,900 | 1,123 | ||||||
Hansen Natural Corp. * | 10,000 | 361 | ||||||
Hormel Foods Corp. | 11,500 | 419 | ||||||
J & J Snack Foods Corp. | 6,400 | 251 | ||||||
John B. Sanfilippo & Son, Inc. * | 5,000 | 69 | ||||||
Kellogg Co. | 34,400 | 1,773 | ||||||
Kraft Foods, Inc., Class A | 147,513 | 4,060 | ||||||
Lancaster Colony Corp. | 3,400 | 165 | ||||||
Lance, Inc. | 2,900 | 70 | ||||||
Lorillard, Inc. | 20,648 | 1,605 | ||||||
McCormick & Co., Inc. | 11,300 | 396 | ||||||
Molson Coors Brewing Co., Class B | 17,000 | 832 | ||||||
National Beverage Corp. * | 4,500 | 49 | ||||||
PepsiAmericas, Inc. | 13,200 | 386 | ||||||
PepsiCo, Inc. | 164,800 | 9,979 | ||||||
Philip Morris International, Inc. | 208,800 | 9,889 | ||||||
Ralcorp Holdings, Inc. * | 6,700 | 360 | ||||||
Reynolds American, Inc. | 22,664 | 1,099 | ||||||
Rocky Mountain Chocolate Factory, Inc. | 2,427 | 21 | ||||||
Sanderson Farms, Inc. | 1,750 | 64 | ||||||
Sara Lee Corp. | 64,378 | 727 | ||||||
Smithfield Foods, Inc. * | 13,300 | 177 | ||||||
Tasty Baking Co. | 500 | 3 | ||||||
The Boston Beer Co., Inc., Class A * | 2,500 | 95 | ||||||
The Coca-Cola Co. | 260,200 | 13,871 | ||||||
The Hain Celestial Group, Inc. * | 1,406 | 25 | ||||||
The Hershey Co. | 19,400 | 733 | ||||||
The J.M. Smucker Co. | 20,246 | 1,068 | ||||||
The Pepsi Bottling Group, Inc. | 23,400 | 876 | ||||||
Tootsie Roll Industries, Inc. | 2,611 | 65 | ||||||
TreeHouse Foods, Inc. * | 1,722 | 64 | ||||||
Tyson Foods, Inc., Class A | 30,340 | 380 | ||||||
Universal Corp. | 4,800 | 200 | ||||||
Vector Group Ltd. | 4,321 | 63 | ||||||
Zapata Corp. * | 8,000 | 55 | ||||||
64,658 | ||||||||
Health Care Equipment & Services 4.4% | ||||||||
ABIOMED, Inc. * | 800 | 7 | ||||||
Aetna, Inc. | 59,200 | 1,541 | ||||||
Align Technology, Inc. * | 8,700 | 137 | ||||||
Alliance HealthCare Services, Inc. * | 1,800 | 10 | ||||||
Allscripts-Misys Healthcare Solutions, Inc. * | 6,400 | 125 | ||||||
Amedisys, Inc. * | 3,334 | 133 | ||||||
America Service Group, Inc. | 3,550 | 47 | ||||||
American Medical Systems Holdings, Inc. * | 7,800 | 120 | ||||||
AMERIGROUP Corp. * | 4,300 | 95 | ||||||
AmerisourceBergen Corp. | 41,296 | 915 | ||||||
AMN Healthcare Services, Inc. * | 4,110 | 34 | ||||||
AmSurg Corp. * | 2,300 | 48 | ||||||
Analogic Corp. | 1,400 | 52 | ||||||
Aspect Medical Systems, Inc. * | 3,700 | 44 | ||||||
athenahealth, Inc. * | 1,000 | 38 | ||||||
Baxter International, Inc. | 62,918 | 3,401 | ||||||
Beckman Coulter, Inc. | 8,100 | 521 | ||||||
Becton Dickinson & Co. | 24,300 | 1,661 | ||||||
BioScrip, Inc. * | 2,172 | 16 | ||||||
Boston Scientific Corp. * | 154,068 | 1,251 | ||||||
Brookdale Senior Living, Inc. | 300 | 5 | ||||||
C.R. Bard, Inc. | 11,000 | 826 | ||||||
Cantel Medical Corp. * | 3,571 | 57 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Cardinal Health, Inc. | 36,160 | 1,025 | ||||||
CareFusion Corp. * | 18,080 | 404 | ||||||
Catalyst Health Solutions, Inc. * | 1,900 | 60 | ||||||
Centene Corp. * | 4,000 | 71 | ||||||
Cerner Corp. * | 8,400 | 639 | ||||||
Chemed Corp. | 3,900 | 177 | ||||||
Chindex International, Inc. * | 3,300 | 46 | ||||||
CIGNA Corp. | 38,400 | 1,069 | ||||||
Community Health Systems, Inc. * | 10,100 | 316 | ||||||
CONMED Corp. * | 4,200 | 89 | ||||||
CorVel Corp. * | 2,850 | 81 | ||||||
Coventry Health Care, Inc. * | 23,937 | 475 | ||||||
Cross Country Healthcare, Inc. * | 4,600 | 38 | ||||||
CryoLife, Inc. * | 750 | 4 | ||||||
Cyberonics, Inc. * | 1,200 | 17 | ||||||
DaVita, Inc. * | 11,250 | 597 | ||||||
DENTSPLY International, Inc. | 16,100 | 531 | ||||||
Eclipsys Corp. * | 6,300 | 118 | ||||||
Edwards Lifesciences Corp. * | 6,900 | 531 | ||||||
Express Scripts, Inc. * | 25,200 | 2,014 | ||||||
Five Star Quality Care, Inc. * | 135 | — | ||||||
Gen-Probe, Inc. * | 6,400 | 267 | ||||||
Gentiva Health Services, Inc. * | 3,250 | 78 | ||||||
Greatbatch, Inc. * | 1,100 | 22 | ||||||
Haemonetics Corp. * | 3,700 | 190 | ||||||
Hanger Orthopedic Group, Inc. * | 5,400 | 75 | ||||||
Health Management Associates, Inc., Class A * | 24,900 | 152 | ||||||
Health Net, Inc. * | 11,100 | 165 | ||||||
HEALTHSOUTH Corp. * | 20,000 | 292 | ||||||
Healthspring, Inc. * | 4,600 | 66 | ||||||
HealthTronics, Inc. * | 3,500 | 8 | ||||||
Healthways, Inc. * | 3,100 | 50 | ||||||
Henry Schein, Inc. * | 10,600 | 560 | ||||||
Hill-Rom Holdings, Inc. | 5,800 | 114 | ||||||
Hologic, Inc. * | 26,512 | 392 | ||||||
Home Diagnostics, Inc. * | 2,500 | 16 | ||||||
Hospira, Inc. * | 17,070 | 762 | ||||||
Humana, Inc. * | 18,900 | 710 | ||||||
ICU Medical, Inc. * | 550 | 19 | ||||||
IDEXX Laboratories, Inc. * | 5,000 | 256 | ||||||
Immucor, Inc. * | 6,795 | 121 | ||||||
IMS Health, Inc. | 19,300 | 316 | ||||||
Integra LifeSciences Holdings * | 3,100 | 95 | ||||||
Intuitive Surgical, Inc. * | 5,050 | 1,244 | ||||||
Invacare Corp. | 4,000 | 90 | ||||||
inVentiv Health, Inc. * | 4,733 | 80 | ||||||
Inverness Medical Innovations, Inc. * | 9,441 | 359 | ||||||
Kindred Healthcare, Inc. * | 4,624 | 68 | ||||||
Kinetic Concepts, Inc. * | 5,600 | 186 | ||||||
Laboratory Corp. of America Holdings * | 12,800 | 882 | ||||||
Landauer, Inc. | 1,100 | 57 | ||||||
LCA-Vision, Inc. * | 2,500 | 11 | ||||||
LifePoint Hospitals, Inc. * | 3,707 | 105 | ||||||
Lincare Holdings, Inc. * | 7,100 | 223 | ||||||
Magellan Health Services, Inc. * | 3,007 | 97 | ||||||
McKesson Corp. | 28,500 | 1,674 | ||||||
MedCath Corp. * | 1,500 | 12 | ||||||
Medco Health Solutions, Inc. * | 50,066 | 2,810 | ||||||
Medical Action Industries, Inc. * | 3,750 | 41 | ||||||
MEDNAX, Inc. * | 6,000 | 311 | ||||||
Medtronic, Inc. | 119,874 | 4,279 | ||||||
Meridian Bioscience, Inc. | 11,250 | 250 | ||||||
Merit Medical Systems, Inc. * | 2,222 | 38 | ||||||
Molina Healthcare, Inc. * | 2,500 | 47 | ||||||
National Healthcare Corp. | 600 | 22 | ||||||
Neogen Corp. * | 937 | 30 | ||||||
NOVT Corp. * | 400 | 1 | ||||||
NuVasive, Inc. * | 10,000 | 363 | ||||||
Odyssey HealthCare, Inc. * | 2,250 | 31 | ||||||
Omnicare, Inc. | 13,000 | 282 | ||||||
OraSure Technologies, Inc. * | 1,500 | 5 | ||||||
Owens & Minor, Inc. | 5,000 | 204 | ||||||
Patterson Cos., Inc. * | 10,600 | 271 | ||||||
PDI, Inc. * | 2,900 | 14 | ||||||
PharMerica Corp. * | 3,413 | 53 | ||||||
PSS World Medical, Inc. * | 5,800 | 117 | ||||||
Psychiatric Solutions, Inc. * | 4,400 | 91 | ||||||
Quality Systems, Inc. | 2,000 | 122 | ||||||
Quest Diagnostics, Inc. | 19,820 | 1,108 | ||||||
RehabCare Group, Inc. * | 4,000 | 75 | ||||||
Res-Care, Inc. * | 4,500 | 54 | ||||||
ResMed, Inc. * | 9,000 | 443 | ||||||
RTI Biologics, Inc. * | 1,700 | 7 | ||||||
SonoSite, Inc. * | 1,600 | 40 | ||||||
St. Jude Medical, Inc. * | 35,800 | 1,220 | ||||||
STERIS Corp. | 6,100 | 178 | ||||||
Stryker Corp. | 37,100 | 1,707 | ||||||
Sunrise Senior Living, Inc. * | 3,400 | 14 | ||||||
Teleflex, Inc. | 4,300 | 214 | ||||||
Tenet Healthcare Corp. * | 50,150 | 257 | ||||||
The Cooper Cos., Inc. | 2,781 | 78 | ||||||
Thoratec Corp. * | 5,636 | 148 | ||||||
U.S. Physical Therapy, Inc. * | 3,500 | 49 | ||||||
UnitedHealth Group, Inc. | 126,080 | 3,272 | ||||||
Universal American Financial Corp. * | 4,000 | 40 | ||||||
Universal Health Services, Inc., Class B | 6,000 | 334 | ||||||
Utah Medical Products, Inc. | 2,500 | 73 | ||||||
Varian Medical Systems, Inc. * | 11,900 | 488 | ||||||
VCA Antech, Inc. * | 9,900 | 236 | ||||||
WellCare Health Plans, Inc. * | 3,200 | 84 | ||||||
WellPoint, Inc. * | 57,723 | 2,699 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
West Pharmaceutical Services, Inc. | 4,600 | 181 | ||||||
Wright Medical Group, Inc. * | 4,200 | 68 | ||||||
Young Innovations, Inc. | 2,000 | 47 | ||||||
Zimmer Holdings, Inc. * | 23,300 | 1,225 | ||||||
52,921 | ||||||||
Household & Personal Products 2.5% | ||||||||
Alberto-Culver Co. | 9,450 | 253 | ||||||
Avon Products, Inc. | 44,000 | 1,410 | ||||||
Bare Escentuals, Inc. * | 4,500 | 57 | ||||||
Central Garden & Pet Co., Class A * | 6,200 | 59 | ||||||
Chattem, Inc. * | 1,200 | 76 | ||||||
Church & Dwight Co., Inc. | 4,950 | 282 | ||||||
Colgate-Palmolive Co. | 52,500 | 4,128 | ||||||
Energizer Holdings, Inc. * | 6,333 | 386 | ||||||
Herbalife Ltd. | 5,800 | 195 | ||||||
Inter Parfums, Inc. | 1,013 | 12 | ||||||
Kimberly-Clark Corp. | 43,639 | 2,669 | ||||||
Mead Johnson Nutrition Co., Class A | 18,000 | 757 | ||||||
NBTY, Inc. * | 5,400 | 197 | ||||||
Nu Skin Enterprises, Inc., Class A | 6,500 | 148 | ||||||
Nutraceutical International Corp. * | 5,000 | 54 | ||||||
Oil-Dri Corp. of America | 500 | 8 | ||||||
The Clorox Co. | 14,700 | 871 | ||||||
The Estee Lauder Cos., Inc., Class A | 12,800 | 544 | ||||||
The Procter & Gamble Co. | 316,215 | 18,340 | ||||||
USANA Health Sciences, Inc. * | 3,500 | 101 | ||||||
WD-40 Co. | 1,600 | 50 | ||||||
30,597 | ||||||||
Insurance 3.9% | ||||||||
21st Century Holding Co. | 1,500 | 7 | ||||||
Aflac, Inc. | 47,600 | 1,975 | ||||||
Alleghany Corp. * | 232 | 58 | ||||||
Allied World Assurance Co. Holdings Ltd. | 4,900 | 219 | ||||||
Ambac Financial Group, Inc. | 7,750 | 9 | ||||||
American Financial Group, Inc. | 10,750 | 264 | ||||||
American International Group, Inc. (d)* | 5,596 | 188 | ||||||
American National Insurance Co. | 1,300 | 109 | ||||||
American Physicians Capital, Inc. | 4,999 | 141 | ||||||
AmTrust Financial Services, Inc. | 7,500 | 85 | ||||||
Aon Corp. | 25,500 | 982 | ||||||
Arch Capital Group Ltd. * | 6,900 | 465 | ||||||
Argo Group International Holdings Ltd. * | 1,556 | 53 | ||||||
Arthur J. Gallagher & Co. | 6,800 | 152 | ||||||
Aspen Insurance Holdings Ltd. | 7,000 | 181 | ||||||
Assurant, Inc. | 11,500 | 344 | ||||||
Assured Guaranty Ltd. | 12,000 | 199 | ||||||
Axis Capital Holdings Ltd. | 12,200 | 352 | ||||||
Baldwin & Lyons, Inc., Class B | 750 | 17 | ||||||
Berkshire Hathaway, Inc., Class A * | 133 | 13,167 | ||||||
Brown & Brown, Inc. | 14,000 | 257 | ||||||
Cincinnati Financial Corp. | 13,450 | 341 | ||||||
Citizens, Inc. * | 5,000 | 30 | ||||||
CNA Financial Corp. * | 23,900 | 520 | ||||||
CNA Surety Corp. * | 4,700 | 68 | ||||||
Conseco, Inc. * | 16,000 | 83 | ||||||
Crawford & Co., Class B * | 1,600 | 8 | ||||||
Delphi Financial Group, Inc., Class A | 6,772 | 147 | ||||||
Eastern Insurance Holdings, Inc. | 2,500 | 18 | ||||||
EMC Insurance Group, Inc. | 1,200 | 25 | ||||||
Employers Holdings, Inc. | 4,200 | 62 | ||||||
Endurance Specialty Holdings Ltd. | 5,000 | 180 | ||||||
Erie Indemnity Co., Class A | 5,500 | 194 | ||||||
Everest Re Group Ltd. | 5,900 | 516 | ||||||
FBL Financial Group, Inc., Class A | 2,090 | 42 | ||||||
Fidelity National Financial, Inc., Class A | 20,327 | 276 | ||||||
First American Corp. | 7,800 | 237 | ||||||
Flagstone Reinsurance Holdings Ltd. | 7,500 | 82 | ||||||
FPIC Insurance Group, Inc. * | 400 | 14 | ||||||
Genworth Financial, Inc., Class A * | 37,500 | 398 | ||||||
Hanover Insurance Group, Inc. | 4,900 | 206 | ||||||
Harleysville Group, Inc. | 1,800 | 56 | ||||||
HCC Insurance Holdings, Inc. | 10,950 | 289 | ||||||
Hilltop Holdings, Inc. * | 3,726 | 44 | ||||||
Horace Mann Educators Corp. | 4,300 | 53 | ||||||
Independence Holding Co. | 2,700 | 15 | ||||||
Infinity Property & Casualty Corp. | 2,500 | 97 | ||||||
Lincoln National Corp. | 21,926 | 523 | ||||||
Loews Corp. | 39,645 | 1,312 | ||||||
Markel Corp. * | 1,100 | 355 | ||||||
Marsh & McLennan Cos., Inc. | 56,500 | 1,325 | ||||||
Max Capital Group Ltd. | 5,500 | 114 | ||||||
MBIA, Inc. * | 25,250 | 103 | ||||||
Mercury General Corp. | 5,400 | 197 | ||||||
MetLife, Inc. | 72,000 | 2,450 | ||||||
Montpelier Re Holdings Ltd. | 8,100 | 131 | ||||||
National Financial Partners Corp. * | 2,500 | 20 | ||||||
National Western Life Insurance Co., Class A | 300 | 53 | ||||||
NYMAGIC, Inc. | 2,100 | 30 | ||||||
Old Republic International Corp. | 20,437 | 218 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
OneBeacon Insurance Group Ltd., Class A | 8,200 | 98 | ||||||
PartnerRe Ltd. | 5,400 | 413 | ||||||
Platinum Underwriters Holdings Ltd. | 4,500 | 161 | ||||||
PMA Capital Corp., Class A * | 700 | 3 | ||||||
Presidential Life Corp. | 1,000 | 9 | ||||||
Principal Financial Group, Inc. | 28,400 | 711 | ||||||
ProAssurance Corp. * | 1,670 | 84 | ||||||
Protective Life Corp. | 5,500 | 106 | ||||||
Prudential Financial, Inc. | 45,500 | 2,058 | ||||||
Reinsurance Group of America, Inc. | 7,100 | 327 | ||||||
RenaissanceRe Holdings Ltd. | 5,800 | 305 | ||||||
RLI Corp. | 2,800 | 140 | ||||||
Safety Insurance Group, Inc. | 1,000 | 33 | ||||||
Selective Insurance Group, Inc. | 5,400 | 83 | ||||||
StanCorp Financial Group, Inc. | 5,000 | 184 | ||||||
State Auto Financial Corp. | 3,800 | 62 | ||||||
Stewart Information Services Corp. | 1,400 | 13 | ||||||
The Allstate Corp. | 58,874 | 1,741 | ||||||
The Chubb Corp. | 33,094 | 1,606 | ||||||
The Hartford Financial Services Group, Inc. | 39,400 | 966 | ||||||
The Navigators Group, Inc. * | 1,500 | 80 | ||||||
The Phoenix Cos., Inc. * | 9,500 | 30 | ||||||
The Progressive Corp. * | 85,200 | 1,363 | ||||||
The Travelers Cos., Inc. | 59,550 | 2,965 | ||||||
Torchmark Corp. | 10,600 | 430 | ||||||
Tower Group, Inc. | 4,000 | 98 | ||||||
Transatlantic Holdings, Inc. | 6,437 | 325 | ||||||
United Fire & Casualty Co. | 5,000 | 87 | ||||||
Unitrin, Inc. | 5,600 | 110 | ||||||
Unum Group | 29,914 | 597 | ||||||
Validus Holdings Ltd. | 11,363 | 287 | ||||||
W. R. Berkley Corp. | 22,950 | 567 | ||||||
Wesco Financial Corp. | 200 | 66 | ||||||
White Mountains Insurance Group Ltd. | 200 | 62 | ||||||
XL Capital Ltd., Class A | 30,200 | 496 | ||||||
Zenith National Insurance Corp. | 3,400 | 97 | ||||||
46,819 | ||||||||
Materials 3.8% | ||||||||
A. Schulman, Inc. | 2,300 | 40 | ||||||
A.M. Castle & Co. | 4,000 | 45 | ||||||
AEP Industries, Inc. * | 1,900 | 66 | ||||||
Air Products & Chemicals, Inc. | 17,700 | 1,365 | ||||||
Airgas, Inc. | 7,500 | 333 | ||||||
AK Steel Holding Corp. | 11,527 | 183 | ||||||
Albemarle Corp. | 9,000 | 284 | ||||||
Alcoa, Inc. | 101,664 | 1,263 | ||||||
Allegheny Technologies, Inc. | 7,700 | 238 | ||||||
AptarGroup, Inc. | 6,900 | 244 | ||||||
Arch Chemicals, Inc. | 2,700 | 75 | ||||||
Ashland, Inc. | 6,523 | 225 | ||||||
Ball Corp. | 10,700 | 528 | ||||||
Bemis Co., Inc. | 10,900 | 282 | ||||||
Brush Engineered Materials, Inc. * | 4,000 | 74 | ||||||
Buckeye Technologies, Inc. * | 7,700 | 69 | ||||||
Cabot Corp. | 5,200 | 114 | ||||||
Calgon Carbon Corp. * | 4,000 | 63 | ||||||
Carpenter Technology Corp. | 5,000 | 105 | ||||||
Celanese Corp., Series A | 15,500 | 425 | ||||||
Century Aluminum Co. * | 3,100 | 27 | ||||||
CF Industries Holdings, Inc. | 4,400 | 366 | ||||||
Clearwater Paper Corp. * | 786 | 36 | ||||||
Cliffs Natural Resources, Inc. | 13,300 | 473 | ||||||
Commercial Metals Co. | 9,000 | 134 | ||||||
Compass Minerals International, Inc. | 5,000 | 312 | ||||||
Crown Holdings, Inc. * | 16,900 | 450 | ||||||
Cytec Industries, Inc. | 3,600 | 119 | ||||||
Deltic Timber Corp. | 700 | 30 | ||||||
Domtar Corp. * | 3,250 | 136 | ||||||
E.I. Du Pont De Nemours & Co. * | 91,695 | 2,918 | ||||||
Eagle Materials, Inc. | 4,143 | 103 | ||||||
Eastman Chemical Co. | 8,100 | 425 | ||||||
Ecolab, Inc. | 21,500 | 945 | ||||||
Ferro Corp. | 8,200 | 50 | ||||||
FMC Corp. | 6,200 | 317 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 46,622 | 3,420 | ||||||
Glatfelter | 4,000 | 42 | ||||||
Greif, Inc., Class A | 7,400 | 396 | ||||||
H.B. Fuller Co. | 6,500 | 124 | ||||||
Hawkins, Inc. | 1,900 | 40 | ||||||
Headwaters, Inc. * | 7,500 | 31 | ||||||
Hecla Mining Co. * | 17,000 | 70 | ||||||
Horsehead Holding Corp. * | 4,000 | 38 | ||||||
Huntsman Corp. | 21,500 | 171 | ||||||
Innophos Holdings, Inc. | 6,500 | 126 | ||||||
International Flavors & Fragrances, Inc. | 7,400 | 282 | ||||||
International Paper Co. | 42,304 | 944 | ||||||
Intrepid Potash, Inc. * | 6,500 | 167 | ||||||
Koppers Holdings, Inc. | 2,500 | 65 | ||||||
Kronos Worldwide, Inc. | 6,060 | 81 | ||||||
Landec Corp. * | 6,500 | 43 | ||||||
Louisiana-Pacific Corp. * | 8,300 | 44 | ||||||
Martin Marietta Materials, Inc. | 4,200 | 350 | ||||||
Material Sciences Corp. * | 8,000 | 16 | ||||||
MeadWestvaco Corp. | 16,974 | 388 | ||||||
Minerals Technologies, Inc. | 3,100 | 153 | ||||||
Mod-Pac Corp. * | 500 | 1 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Monsanto Co. | 58,290 | 3,916 | ||||||
Myers Industries, Inc. | 8,080 | 71 | ||||||
Nalco Holding Co. | 13,600 | 288 | ||||||
Neenah Paper, Inc. | 1,231 | 13 | ||||||
NewMarket Corp. | 2,000 | 187 | ||||||
Newmont Mining Corp. | 51,251 | 2,227 | ||||||
NL Industries, Inc. | 7,800 | 48 | ||||||
Nucor Corp. | 27,000 | 1,076 | ||||||
Olin Corp. | 7,320 | 112 | ||||||
OM Group, Inc. * | 2,400 | 65 | ||||||
Omnova Solutions, Inc. * | 3,400 | 22 | ||||||
Owens-Illinois, Inc. * | 17,700 | 564 | ||||||
Packaging Corp. of America | 11,000 | 201 | ||||||
Pactiv Corp. * | 14,400 | 333 | ||||||
Penford Corp. | 5,200 | 31 | ||||||
PolyOne Corp. * | 7,200 | 40 | ||||||
PPG Industries, Inc. | 17,400 | 982 | ||||||
Praxair, Inc. | 33,700 | 2,677 | ||||||
Reliance Steel & Aluminum Co. | 8,500 | 310 | ||||||
Rock-Tenn Co., Class A | 4,500 | 197 | ||||||
Rockwood Holdings, Inc. * | 5,900 | 117 | ||||||
Royal Gold, Inc. | 5,200 | 230 | ||||||
RPM International, Inc. | 12,600 | 222 | ||||||
RTI International Metals, Inc. * | 1,500 | 31 | ||||||
Schnitzer Steel Industries, Inc., Class A | 1,650 | 71 | ||||||
Schweitzer-Mauduit International, Inc. | 3,300 | 170 | ||||||
Sealed Air Corp. | 16,500 | 317 | ||||||
Sensient Technologies Corp. | 4,800 | 121 | ||||||
Sigma-Aldrich Corp. | 12,600 | 654 | ||||||
Silgan Holdings, Inc. | 5,800 | 312 | ||||||
Sonoco Products Co. | 10,500 | 281 | ||||||
Southern Copper Corp. | 57,400 | 1,808 | ||||||
Spartech Corp. | 8,200 | 78 | ||||||
Steel Dynamics, Inc. | 17,000 | 228 | ||||||
Stepan Co. | 1,200 | 69 | ||||||
Stillwater Mining Co. * | 11,233 | 70 | ||||||
Temple-Inland, Inc. | 8,800 | 136 | ||||||
Terra Industries, Inc. | 10,500 | 334 | ||||||
Terra Nitrogen Co., L.P. | 1,500 | 156 | ||||||
Texas Industries, Inc. | 1,000 | 33 | ||||||
The Dow Chemical Co. | 119,266 | 2,800 | ||||||
The Lubrizol Corp. | 7,400 | 493 | ||||||
The Mosaic Co. | 31,500 | 1,472 | ||||||
The Scotts Miracle-Gro Co., Class A | 5,600 | 227 | ||||||
The Valspar Corp. | 10,400 | 264 | ||||||
Titanium Metals Corp. | 16,307 | 140 | ||||||
United States Steel Corp. | 9,900 | 341 | ||||||
Valhi, Inc. | 9,600 | 90 | ||||||
Vulcan Materials Co. | 7,592 | 349 | ||||||
Walter Energy, Inc. | 4,900 | 287 | ||||||
Wausau Paper Corp. | 8,700 | 76 | ||||||
Westlake Chemical Corp. | 5,100 | 124 | ||||||
Weyerhaeuser Co. | 18,250 | 663 | ||||||
Worthington Industries, Inc. | 7,200 | 80 | ||||||
Zep, Inc. | 6,600 | 113 | ||||||
46,171 | ||||||||
Media 2.8% | ||||||||
4Kids Entertainment, Inc. * | 4,000 | 7 | ||||||
AH Belo Corp., Class A * | 1,880 | 8 | ||||||
Alloy, Inc. * | 3,500 | 23 | ||||||
Arbitron, Inc. | 2,120 | 46 | ||||||
Ascent Media Corp., Class A * | 1,116 | 26 | ||||||
Belo Corp., Class A | 9,400 | 44 | ||||||
Cablevision Systems Corp., Class A | 21,100 | 484 | ||||||
Carmike Cinemas, Inc. * | 2,500 | 25 | ||||||
CBS Corp., Class B | 72,006 | 848 | ||||||
CKX, Inc. * | 7,300 | 47 | ||||||
Clear Channel Outdoor Holdings, Inc., Class A * | 28,700 | 196 | ||||||
Comcast Corp., Class A | 227,004 | 3,292 | ||||||
Comcast Corp., Special Class A | 64,200 | 900 | ||||||
Crown Media Holdings, Inc., Class A * | 6,000 | 9 | ||||||
Cumulus Media Inc., Class A * | 4,351 | 9 | ||||||
Discovery Communications, Inc., Class C * | 6,161 | 148 | ||||||
Discovery Communications, Inc., Series A * | 41,161 | 1,132 | ||||||
DISH Network Corp., Class A * | 37,700 | 656 | ||||||
DreamWorks Animation SKG, Inc., Class A * | 8,200 | 262 | ||||||
Entercom Communications Corp., Class A * | 3,000 | 21 | ||||||
Gannett Co., Inc. | 19,500 | 191 | ||||||
Harte-Hanks, Inc. | 8,100 | 95 | ||||||
Interactive Data Corp. | 20,700 | 544 | ||||||
John Wiley & Sons, Inc., Class A | 6,300 | 222 | ||||||
Journal Communications, Inc., Class A | 7,500 | 27 | ||||||
Lamar Advertising Co., Class A * | 9,200 | 224 | ||||||
Liberty Global, Inc., Series A * | 37,575 | 771 | ||||||
Liberty Media Corp. — Capital, Series A * | 11,161 | 231 | ||||||
Liberty Media Corp. — Entertainment, Series A * | 44,644 | 1,376 | ||||||
Live Nation, Inc. * | 6,215 | 41 | ||||||
Martha Stewart Living Omnimedia, Inc., Class A * | 3,900 | 20 | ||||||
Marvel Entertainment, Inc. * | 11,700 | 585 | ||||||
Media General, Inc., Class A | 2,000 | 17 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Mediacom Communications Corp., Class A * | 7,600 | 36 | ||||||
Meredith Corp. | 3,800 | 103 | ||||||
Morningstar, Inc. * | 3,200 | 163 | ||||||
News Corp., Class A | 253,950 | 2,925 | ||||||
Omnicom Group, Inc. | 33,600 | 1,152 | ||||||
Playboy Enterprises, Inc., Class B * | 4,500 | 14 | ||||||
Regal Entertainment Group, Class A | 12,100 | 153 | ||||||
Salem Communications Corp., Class A * | 900 | 3 | ||||||
Scholastic Corp. | 2,200 | 55 | ||||||
Scripps Networks Interactive, Class A | 12,000 | 453 | ||||||
Sinclair Broadcast Group, Inc., Class A | 7,300 | 29 | ||||||
The DIRECTV Group, Inc. * | 81,976 | 2,156 | ||||||
The E.W. Scripps Co., Class A * | 4,000 | 25 | ||||||
The Interpublic Group of Cos., Inc. * | 34,537 | 208 | ||||||
The McGraw-Hill Cos., Inc. | 34,600 | 996 | ||||||
The New York Times Co., Class A | 13,200 | 105 | ||||||
The Walt Disney Co. | 185,410 | 5,075 | ||||||
The Washington Post Co., Class B | 600 | 259 | ||||||
Time Warner Cable, Inc. | 55,711 | 2,197 | ||||||
Time Warner, Inc. | 122,350 | 3,685 | ||||||
Valassis Communications, Inc. * | 3,700 | 67 | ||||||
Value Line, Inc. | 300 | 9 | ||||||
Viacom, Inc., Class B * | 56,606 | 1,562 | ||||||
Virgin Media, Inc. | 15,000 | 210 | ||||||
Warner Music Group Corp. * | 11,700 | 67 | ||||||
World Wrestling Entertainment, Inc., Class A | 4,900 | 65 | ||||||
Xanadoo Co., Class A * | 63 | 38 | ||||||
34,337 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 7.9% | ||||||||
Abbott Laboratories | 163,905 | 8,289 | ||||||
Abraxis BioScience * | 2,500 | 78 | ||||||
Accelrys, Inc. * | 4,300 | 23 | ||||||
Acorda Therapeutics, Inc. * | 5,000 | 109 | ||||||
Acura Pharmaceuticals, Inc. * | 1,000 | 4 | ||||||
Adolor Corp. * | 8,700 | 13 | ||||||
Affymax, Inc. * | 2,900 | 58 | ||||||
Affymetrix, Inc. * | 8,900 | 46 | ||||||
Albany Molecular Research, Inc. * | 5,600 | 46 | ||||||
Alexion Pharmaceuticals, Inc. * | 9,200 | 409 | ||||||
Alkermes, Inc. * | 8,500 | 68 | ||||||
Allergan, Inc. | 31,968 | 1,798 | ||||||
Allos Therapeutics, Inc. * | 6,000 | 34 | ||||||
Alnylam Pharmaceuticals, Inc. * | 7,400 | 126 | ||||||
AMAG Pharmaceuticals, Inc. * | 3,000 | 113 | ||||||
Amgen, Inc. * | 106,268 | 5,710 | ||||||
Amicus Therapeutics, Inc. * | 500 | 2 | ||||||
Amylin Pharmaceuticals, Inc. * | 15,400 | 170 | ||||||
Arena Pharmaceuticals, Inc. * | 800 | 3 | ||||||
ArQule, Inc. * | 8,800 | 29 | ||||||
Auxilium Pharmaceuticals, Inc. * | 5,000 | 157 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 3,000 | 268 | ||||||
BioCryst Pharmaceuticals, Inc. * | 1,400 | 12 | ||||||
Biogen Idec, Inc. * | 31,125 | 1,311 | ||||||
BioMarin Pharmaceutical, Inc. * | 10,300 | 160 | ||||||
Bristol-Myers Squibb Co. | 209,450 | 4,566 | ||||||
Bruker Corp. * | 14,600 | 158 | ||||||
Caliper Life Sciences, Inc. * | 700 | 2 | ||||||
Cambrex Corp. * | 8,900 | 53 | ||||||
Caraco Pharmaceutical Laboratories Ltd. * | 2,000 | 7 | ||||||
Celera Corp. * | 9,600 | 59 | ||||||
Celgene Corp. * | 47,791 | 2,440 | ||||||
Cephalon, Inc. * | 9,000 | 491 | ||||||
Cepheid, Inc. * | 5,000 | 66 | ||||||
Charles River Laboratories International, Inc. * | 6,416 | 234 | ||||||
Clinical Data, Inc. * | 175 | 3 | ||||||
Covance, Inc. * | 5,800 | 300 | ||||||
Cubist Pharmaceuticals, Inc. * | 8,900 | 151 | ||||||
Cypress Bioscience, Inc. * | 4,000 | 25 | ||||||
Dendreon Corp. * | 11,900 | 301 | ||||||
Dionex Corp. * | 5,200 | 353 | ||||||
Durect Corp. * | 2,000 | 4 | ||||||
Dyax Corp. * | 2,000 | 6 | ||||||
Eli Lilly & Co. | 106,400 | 3,619 | ||||||
Emergent Biosolutions, Inc. * | 4,000 | 58 | ||||||
Endo Pharmaceuticals Holdings, Inc. * | 10,500 | 235 | ||||||
Enzo Biochem, Inc. * | 5,781 | 32 | ||||||
Enzon Pharmaceuticals, Inc. * | 8,900 | 75 | ||||||
eResearch Technology, Inc. * | 5,625 | 42 | ||||||
Exelixis, Inc. * | 11,300 | 69 | ||||||
Facet Biotech Corp. * | 1,900 | 33 | ||||||
Forest Laboratories, Inc. * | 31,300 | 866 | ||||||
Genomic Health, Inc. * | 5,000 | 93 | ||||||
Genzyme Corp. * | 28,132 | 1,423 | ||||||
Geron Corp. * | 8,000 | 49 | ||||||
Gilead Sciences, Inc. * | 96,640 | 4,112 | ||||||
GTx, Inc. * | 3,000 | 27 | ||||||
Halozyme Therapeutics, Inc. * | 6,000 | 36 | ||||||
Harvard Bioscience, Inc. * | 500 | 2 | ||||||
Human Genome Sciences, Inc. * | 17,100 | 320 | ||||||
Illumina, Inc. * | 12,200 | 392 | ||||||
ImmunoGen, Inc. * | 1,500 | 10 | ||||||
Incyte Corp. * | 2,600 | 15 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Inspire Pharmaceuticals, Inc. * | 1,300 | 6 | ||||||
InterMune, Inc. * | 1,100 | 13 | ||||||
Isis Pharmaceuticals, Inc. * | 10,300 | 130 | ||||||
Johnson & Johnson | 298,170 | 17,607 | ||||||
Kendle International, Inc. * | 2,700 | 46 | ||||||
King Pharmaceuticals, Inc. * | 25,616 | 259 | ||||||
Lexicon Pharmaceuticals, Inc. * | 6,900 | 9 | ||||||
Life Technologies Corp. * | 17,862 | 843 | ||||||
Ligand Pharmaceuticals, Inc., Class B * | 2,689 | 5 | ||||||
Luminex Corp. * | 7,800 | 115 | ||||||
MannKind Corp. * | 3,000 | 16 | ||||||
MAP Pharmaceuticals, Inc. * | 500 | 4 | ||||||
Martek Biosciences Corp. * | 3,000 | 54 | ||||||
Matrixx Initiatives, Inc. * | 2,700 | 12 | ||||||
Maxygen, Inc. * | 6,500 | 36 | ||||||
Medicis Pharmaceutical Corp., Class A | 5,900 | 125 | ||||||
Medivation, Inc. * | 5,000 | 128 | ||||||
Merck & Co., Inc. * | 234,652 | 7,258 | ||||||
Mettler-Toledo International, Inc. * | 3,200 | 312 | ||||||
Millipore Corp. * | 5,100 | 342 | ||||||
Momenta Pharmaceuticals, Inc. * | 4,000 | 36 | ||||||
Mylan, Inc. * | 32,000 | 520 | ||||||
Myriad Genetics, Inc. * | 14,800 | 359 | ||||||
Myriad Pharmaceuticals, Inc. * | 3,700 | 20 | ||||||
Nabi Biopharmaceuticals * | 2,800 | 9 | ||||||
Nektar Therapeutics * | 8,400 | 68 | ||||||
Neurocrine Biosciences, Inc. * | 1,400 | 3 | ||||||
NPS Pharmacuticals, Inc. * | 1,000 | 3 | ||||||
Onyx Pharmaceuticals, Inc. * | 4,500 | 120 | ||||||
OSI Pharmaceuticals, Inc. * | 4,998 | 161 | ||||||
Pain Therapeutics, Inc. * | 7,400 | 37 | ||||||
Par Pharmaceutical Cos., Inc. * | 5,900 | 124 | ||||||
PAREXEL International Corp. * | 4,800 | 60 | ||||||
PDL BioPharma, Inc. | 9,500 | 80 | ||||||
PerkinElmer, Inc. | 11,477 | 214 | ||||||
Perrigo Co. | 10,300 | 383 | ||||||
Pfizer, Inc. | 865,801 | 14,745 | ||||||
Pharmaceutical Product Development, Inc. | 12,000 | 259 | ||||||
POZEN, Inc. * | 1,300 | 7 | ||||||
Regeneron Pharmaceuticals, Inc. * | 9,200 | 144 | ||||||
Salix Pharmaceuticals Ltd. * | 4,000 | 74 | ||||||
Sangamo BioSciences, Inc. * | 1,200 | 6 | ||||||
Savient Pharmaceuticals, Inc. * | 2,300 | 29 | ||||||
Schering-Plough Corp. | 168,750 | 4,759 | ||||||
Seattle Genetics, Inc. * | 5,000 | 45 | ||||||
Sucampo Pharmaceuticals, Inc., Class A * | 1,500 | 7 | ||||||
SuperGen, Inc. * | 900 | 2 | ||||||
Synta Pharmaceuticals Corp. * | 4,000 | 11 | ||||||
Techne Corp. | 3,800 | 237 | ||||||
Teva Pharmaceutical Industries Ltd. ADR (Israel) | 3,007 | 152 | ||||||
The Medicines Co. * | 8,300 | 60 | ||||||
Theravance, Inc. * | 5,700 | 80 | ||||||
Thermo Fisher Scientific, Inc. * | 43,602 | 1,962 | ||||||
United Therapeutics Corp. * | 6,000 | 255 | ||||||
Valeant Pharmaceuticals International * | 7,900 | 232 | ||||||
Varian, Inc. * | 5,800 | 297 | ||||||
Vertex Pharmaceuticals, Inc. * | 18,644 | 626 | ||||||
Vical, Inc. * | 1,600 | 5 | ||||||
ViroPharma, Inc. * | 10,000 | 75 | ||||||
VIVUS, Inc. * | 4,000 | 32 | ||||||
Warner Chilcott plc, Class A * | 12,500 | 277 | ||||||
Waters Corp. * | 10,700 | 614 | ||||||
Watson Pharmaceuticals, Inc. * | 10,732 | 369 | ||||||
XenoPort, Inc. * | 2,500 | 42 | ||||||
ZymoGenetics, Inc. * | 2,000 | 9 | ||||||
94,692 | ||||||||
Real Estate 1.9% | ||||||||
Acadia Realty Trust | 3,000 | 48 | ||||||
Alexander’s, Inc. * | 700 | 185 | ||||||
Alexandria Real Estate Equities, Inc. | 5,500 | 298 | ||||||
AMB Property Corp. | 15,200 | 334 | ||||||
American Campus Communities, Inc. | 4,500 | 122 | ||||||
American Realty Investors, Inc. * | 1,537 | 15 | ||||||
Annaly Capital Management, Inc. | 56,600 | 957 | ||||||
Anthracite Capital, Inc. * | 4,900 | 4 | ||||||
Anworth Mortgage Asset Corp. | 9,000 | 64 | ||||||
Apartment Investment & Management Co., Class A | 10,711 | 132 | ||||||
AvalonBay Communities, Inc. | 8,892 | 612 | ||||||
Avatar Holdings, Inc. * | 2,500 | 41 | ||||||
BioMed Realty Trust, Inc. | 10,000 | 136 | ||||||
Boston Properties, Inc. | 13,400 | 814 | ||||||
Brandywine Realty Trust | 11,863 | 113 | ||||||
BRE Properties, Inc. | 5,000 | 136 | ||||||
Brookfield Properties Corp. | 35,200 | 358 | ||||||
Camden Property Trust | 7,800 | 283 | ||||||
Capstead Mortgage Corp. | 6,240 | 82 | ||||||
CB Richard Ellis Group, Inc., Class A * | 24,500 | 254 | ||||||
CBL & Associates Properties, Inc. | 13,485 | 110 | ||||||
Chimera Investment Corp. | 62,900 | 220 | ||||||
Colonial Properties Trust | 2,567 | 27 | ||||||
Consolidated-Tomoka Land Co. | 900 | 31 | ||||||
Corporate Office Properties Trust | 6,500 | 216 | ||||||
Cousins Properties, Inc. | 5,353 | 39 | ||||||
DCT Industrial Trust, Inc. | 20,300 | 92 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Developers Diversified Realty Corp. | 14,284 | 123 | ||||||
DiamondRock Hospitality Co. * | 9,500 | 72 | ||||||
Digital Realty Trust, Inc. | 7,000 | 316 | ||||||
Douglas Emmett, Inc. | 12,000 | 142 | ||||||
Duke Realty Corp. | 23,290 | 262 | ||||||
EastGroup Properties, Inc. | 3,900 | 144 | ||||||
Entertainment Properties Trust | 2,200 | 75 | ||||||
Equity Lifestyle Properties, Inc. | 3,000 | 139 | ||||||
Equity One, Inc. | 6,600 | 98 | ||||||
Equity Residential | 28,500 | 823 | ||||||
Essex Property Trust, Inc. | 3,600 | 271 | ||||||
Extra Space Storage, Inc. | 7,500 | 72 | ||||||
Federal Realty Investment Trust | 5,200 | 307 | ||||||
FelCor Lodging Trust, Inc. * | 5,700 | 18 | ||||||
First Industrial Realty Trust, Inc. | 2,600 | 11 | ||||||
Forest City Enterprises, Inc., Class A | 15,400 | 134 | ||||||
Forestar Group, Inc. * | 2,933 | 43 | ||||||
Franklin Street Properties Corp. | 6,500 | 70 | ||||||
Getty Realty Corp. | 2,000 | 49 | ||||||
Glimcher Realty Trust | 3,800 | 10 | ||||||
Gramercy Capital Corp. * | 1,028 | 3 | ||||||
Hatteras Financial Corp. | 4,000 | 112 | ||||||
HCP, Inc. | 28,348 | 839 | ||||||
Health Care REIT, Inc. | 12,700 | 563 | ||||||
Healthcare Realty Trust, Inc. | 4,900 | 102 | ||||||
Highwoods Properties, Inc. | 8,600 | 237 | ||||||
Home Properties, Inc. | 2,500 | 98 | ||||||
Hospitality Properties Trust | 11,600 | 224 | ||||||
Host Hotels & Resorts, Inc. | 61,954 | 626 | ||||||
HRPT Properties Trust | 23,400 | 165 | ||||||
Inland Real Estate Corp. | 5,500 | 47 | ||||||
Investors Real Estate Trust | 5,000 | 42 | ||||||
iStar Financial, Inc. * | 9,390 | 20 | ||||||
Jones Lang LaSalle, Inc. | 5,300 | 248 | ||||||
Kilroy Realty Corp. | 4,800 | 133 | ||||||
Kimco Realty Corp. | 39,095 | 494 | ||||||
LaSalle Hotel Properties | 6,600 | 113 | ||||||
Lexington Realty Trust | 3,367 | 14 | ||||||
Liberty Property Trust | 11,300 | 332 | ||||||
LTC Properties, Inc. | 2,800 | 66 | ||||||
Mack-Cali Realty Corp. | 8,900 | 275 | ||||||
Maguire Properties, Inc. * | 3,000 | 5 | ||||||
Maui Land & Pineapple Co., Inc. * | 800 | 5 | ||||||
Medical Properties Trust, Inc. | 8,300 | 66 | ||||||
MFA Financial, Inc. | 20,500 | 152 | ||||||
Mid-America Apartment Communities, Inc. | 2,500 | 110 | ||||||
National Health Investors, Inc. | 3,100 | 93 | ||||||
National Retail Properties, Inc. | 9,320 | 181 | ||||||
Nationwide Health Properties, Inc. | 11,100 | 358 | ||||||
New Century Financial Corp. (a)(c) | 3,600 | — | ||||||
OMEGA Healthcare Investors, Inc. | 9,784 | 148 | ||||||
Parkway Properties, Inc. | 500 | 9 | ||||||
Pennsylvania Real Estate Investment Trust | 2,500 | 18 | ||||||
Plum Creek Timber Co., Inc. | 18,047 | 565 | ||||||
PMC Commercial Trust | 1,500 | 11 | ||||||
Post Properties, Inc. | 5,200 | 86 | ||||||
Potlatch Corp. | 2,753 | 77 | ||||||
ProLogis | 45,954 | 521 | ||||||
PS Business Parks, Inc. | 3,000 | 147 | ||||||
Public Storage | 14,590 | 1,074 | ||||||
RAIT Financial Trust | 3,300 | 6 | ||||||
Ramco-Gershenson Properties Trust | 1,400 | 12 | ||||||
Rayonier, Inc. | 7,388 | 285 | ||||||
Realty Income Corp. | 11,600 | 269 | ||||||
Redwood Trust, Inc. | 8,500 | 118 | ||||||
Regency Centers Corp. | 8,700 | 292 | ||||||
Reis, Inc. * | 1,400 | 8 | ||||||
Saul Centers, Inc. | 2,100 | 65 | ||||||
Senior Housing Properties Trust | 11,450 | 221 | ||||||
SL Green Realty Corp. | 7,750 | 300 | ||||||
Sovran Self Storage, Inc. | 800 | 24 | ||||||
Sun Communities, Inc. | 3,000 | 52 | ||||||
Tanger Factory Outlet Centers, Inc. | 4,600 | 175 | ||||||
Taubman Centers, Inc. | 4,100 | 125 | ||||||
Tejon Ranch Co. * | 674 | 18 | ||||||
The Macerich Co. | 8,495 | 253 | ||||||
The St. Joe Co. * | 9,300 | 223 | ||||||
UDR, Inc. | 15,861 | 228 | ||||||
UMH Properties, Inc. | 1,600 | 12 | ||||||
Universal Health Realty Income Trust | 900 | 29 | ||||||
Urstadt Biddle Properties | 500 | 7 | ||||||
Urstadt Biddle Properties, Class A | 1,000 | 15 | ||||||
Ventas, Inc. | 16,300 | 654 | ||||||
Vornado Realty Trust | 21,557 | 1,284 | ||||||
Walter Investment Management Corp. | 1,789 | 23 | ||||||
Washington Real Estate Investment Trust | 6,100 | 163 | ||||||
Weingarten Realty Investors | 11,475 | 212 | ||||||
22,354 | ||||||||
Retailing 3.6% | ||||||||
99 Cents Only Stores * | 3,066 | 35 | ||||||
Aaron’s, Inc. | 6,250 | 157 | ||||||
Abercrombie & Fitch Co., Class A | 8,800 | 289 | ||||||
Advance Auto Parts, Inc. | 9,540 | 355 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Aeropostale, Inc. * | 6,600 | 248 | ||||||
Amazon.com, Inc. * | 41,700 | 4,954 | ||||||
America’s Car-Mart, Inc. * | 3,750 | 78 | ||||||
American Eagle Outfitters, Inc. | 18,150 | 317 | ||||||
AnnTaylor Stores Corp. * | 9,825 | 127 | ||||||
Asbury Automotive Group, Inc. * | 4,100 | 40 | ||||||
Audiovox Corp., Class A * | 1,600 | 10 | ||||||
AutoNation, Inc. * | 21,600 | 372 | ||||||
AutoZone, Inc. * | 6,100 | 825 | ||||||
Barnes & Noble, Inc. | 7,400 | 123 | ||||||
Bed Bath & Beyond, Inc. * | 23,700 | 834 | ||||||
Best Buy Co., Inc. | 39,225 | 1,498 | ||||||
Big Lots, Inc. * | 11,100 | 278 | ||||||
Blockbuster, Inc., Class A * | 15,300 | 13 | ||||||
Brown Shoe Co., Inc. | 6,675 | 69 | ||||||
Cabela’s, Inc. * | 3,500 | 44 | ||||||
CarMax, Inc. * | 17,046 | 335 | ||||||
Charming Shoppes, Inc. * | 10,200 | 46 | ||||||
Chico’s FAS, Inc. * | 13,300 | 159 | ||||||
Christopher & Banks Corp. | 2,900 | 18 | ||||||
Coldwater Creek, Inc. * | 8,502 | 49 | ||||||
Collective Brands, Inc. * | 5,906 | 110 | ||||||
Destination Maternity Corp. * | 2,500 | 50 | ||||||
Dick’s Sporting Goods, Inc. * | 11,000 | 250 | ||||||
Dillard’s, Inc., Class A | 5,500 | 75 | ||||||
Dollar Tree, Inc. * | 8,650 | 390 | ||||||
DSW, Inc., Class A * | 3,500 | 67 | ||||||
Duckwall-ALCO Stores, Inc. * | 1,800 | 31 | ||||||
Expedia, Inc. * | 31,345 | 711 | ||||||
Family Dollar Stores, Inc. | 12,700 | 359 | ||||||
Foot Locker, Inc. | 14,100 | 148 | ||||||
GameStop Corp., Class A * | 12,048 | 293 | ||||||
Genesco, Inc. * | 4,300 | 112 | ||||||
Genuine Parts Co. | 13,500 | 472 | ||||||
Group 1 Automotive, Inc. | 1,400 | 36 | ||||||
Guess?, Inc. | 7,900 | 289 | ||||||
Hibbett Sports, Inc. * | 3,543 | 66 | ||||||
HSN, Inc. * | 6,269 | 94 | ||||||
J. Crew Group, Inc. * | 5,500 | 224 | ||||||
J.C. Penney Co., Inc. | 27,400 | 908 | ||||||
Kohl’s Corp. * | 28,300 | 1,619 | ||||||
Liberty Media Corp. — Interactive, Class A * | 55,809 | 633 | ||||||
Limited Brands, Inc. | 31,520 | 555 | ||||||
Lithia Motors, Inc., Class A | 700 | 6 | ||||||
Lowe’s Cos., Inc. | 157,500 | 3,082 | ||||||
Macy’s, Inc. | 42,952 | 755 | ||||||
MarineMax, Inc. * | 800 | 5 | ||||||
Midas, Inc. * | 6,800 | 55 | ||||||
Monro Muffler Brake, Inc. | 1,575 | 49 | ||||||
Netflix, Inc. * | 6,000 | 321 | ||||||
Nordstrom, Inc. | 20,600 | 655 | ||||||
O’Reilly Automotive, Inc. * | 11,899 | 444 | ||||||
Office Depot, Inc. * | 26,000 | 157 | ||||||
OfficeMax, Inc. * | 6,400 | 73 | ||||||
Pacific Sunwear of California, Inc. * | 7,475 | 45 | ||||||
Penske Automotive Group, Inc. | 2,000 | 31 | ||||||
PetSmart, Inc. | 11,100 | 261 | ||||||
Pomeroy IT Solutions, Inc. * | 2,100 | 14 | ||||||
Priceline.com, Inc. * | 3,983 | 628 | ||||||
RadioShack Corp. | 10,700 | 181 | ||||||
Rent-A-Center, Inc. * | 7,750 | 142 | ||||||
Retail Ventures, Inc. * | 5,000 | 32 | ||||||
REX Stores Corp. * | 1,875 | 23 | ||||||
Ross Stores, Inc. | 13,400 | 590 | ||||||
Saks, Inc. * | 10,800 | 61 | ||||||
Sally Beauty Holdings, Inc. * | 6,950 | 47 | ||||||
Sears Holdings Corp. (d)* | 12,885 | 874 | ||||||
Shoe Carnival, Inc. * | 1,200 | 18 | ||||||
Sonic Automotive, Inc., Class A | 1,400 | 13 | ||||||
Stage Stores, Inc. | 2,700 | 32 | ||||||
Staples, Inc. | 76,800 | 1,667 | ||||||
Stein Mart, Inc. * | 3,800 | 36 | ||||||
Systemax, Inc. * | 2,500 | 34 | ||||||
Target Corp. | 69,800 | 3,380 | ||||||
The Buckle, Inc. | 7,875 | 236 | ||||||
The Cato Corp., Class A | 4,300 | 85 | ||||||
The Children’s Place Retail Stores, Inc. * | 1,800 | 57 | ||||||
The Dress Barn, Inc. * | 6,000 | 108 | ||||||
The Finish Line, Inc., Class A | 5,061 | 51 | ||||||
The Gap, Inc. | 73,900 | 1,577 | ||||||
The Gymboree Corp. * | 2,500 | 106 | ||||||
The Home Depot, Inc. | 182,070 | 4,568 | ||||||
The Men’s Wearhouse, Inc. | 3,600 | 83 | ||||||
The Pep Boys — Manny, Moe & Jack | 5,000 | 44 | ||||||
The Sherwin-Williams Co. | 13,000 | 742 | ||||||
The Talbots, Inc. | 5,700 | 52 | ||||||
The TJX Cos., Inc. | 40,400 | 1,509 | ||||||
The Wet Seal, Inc., Class A * | 6,000 | 19 | ||||||
Ticketmaster Entertainment, Inc. * | 6,269 | 60 | ||||||
Tiffany & Co. | 11,500 | 452 | ||||||
Tractor Supply Co. * | 4,000 | 179 | ||||||
Trans World Entertainment Corp. * | 1,500 | 2 | ||||||
TravelCenters of America L.L.C. * | 600 | 3 | ||||||
Tuesday Morning Corp. * | 2,500 | 8 | ||||||
Tween Brands, Inc. * | 1,742 | 15 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 4,000 | 61 | ||||||
Urban Outfitters, Inc. * | 12,800 | 402 | ||||||
West Marine, Inc. * | 2,500 | 19 | ||||||
Williams-Sonoma, Inc. | 9,200 | 173 | ||||||
Winmark Corp. * | 1,200 | 25 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Zale Corp. * | 5,020 | 24 | ||||||
43,136 | ||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||
Actel Corp. * | 1,100 | 13 | ||||||
Advanced Energy Industries, Inc. * | 3,900 | 48 | ||||||
Advanced Micro Devices, Inc. * | 55,200 | 254 | ||||||
Altera Corp. | 30,400 | 602 | ||||||
Amkor Technology, Inc. * | 14,400 | 79 | ||||||
ANADIGICS, Inc. * | 1,150 | 4 | ||||||
Analog Devices, Inc. | 32,200 | 825 | ||||||
Applied Materials, Inc. | 144,098 | 1,758 | ||||||
Atmel Corp. * | 37,900 | 141 | ||||||
ATMI, Inc. * | 1,400 | 21 | ||||||
Broadcom Corp., Class A * | 56,700 | 1,509 | ||||||
Brooks Automation, Inc. * | 5,585 | 38 | ||||||
Cabot Microelectronics Corp. * | 660 | 21 | ||||||
CEVA, Inc. * | 433 | 4 | ||||||
Cirrus Logic, Inc. * | 3,800 | 18 | ||||||
Cohu, Inc. | 1,100 | 13 | ||||||
Cree, Inc. * | 9,000 | 379 | ||||||
CSR plc * | 2,593 | 19 | ||||||
Cymer, Inc. * | 4,200 | 144 | ||||||
Cypress Semiconductor Corp. * | 13,500 | 114 | ||||||
Diodes, Inc. * | 6,412 | 105 | ||||||
DSP Group, Inc. * | 3,300 | 19 | ||||||
Entegris, Inc. * | 14,299 | 54 | ||||||
Exar Corp. * | 3,834 | 26 | ||||||
Fairchild Semiconductor International, Inc. * | 8,600 | 64 | ||||||
FEI Co. * | 1,500 | 36 | ||||||
FormFactor, Inc. * | 5,500 | 93 | ||||||
Integrated Device Technology, Inc. * | 16,120 | 95 | ||||||
Integrated Silicon Solution, Inc. * | 3,038 | 11 | ||||||
Intel Corp. | 594,332 | 11,358 | ||||||
International Rectifier Corp. * | 6,600 | 121 | ||||||
Intersil Corp., Class A | 12,364 | 155 | ||||||
IXYS Corp. | 900 | 6 | ||||||
KLA-Tencor Corp. | 17,500 | 569 | ||||||
Kopin Corp. * | 2,500 | 11 | ||||||
Kulicke & Soffa Industries, Inc. * | 4,400 | 20 | ||||||
Lam Research Corp. * | 13,600 | 459 | ||||||
Lattice Semiconductor Corp. * | 4,600 | 9 | ||||||
Linear Technology Corp. | 25,000 | 647 | ||||||
LSI Corp. * | 67,887 | 348 | ||||||
Marvell Technology Group Ltd. * | 54,400 | 746 | ||||||
Maxim Integrated Products, Inc. | 30,000 | 500 | ||||||
MEMC Electronic Materials, Inc. * | 21,300 | 265 | ||||||
Micrel, Inc. | 6,800 | 51 | ||||||
Microchip Technology, Inc. | 18,975 | 455 | ||||||
Micron Technology, Inc. * | 87,199 | 592 | ||||||
Microsemi Corp. * | 7,652 | 102 | ||||||
MIPS Technologies, Inc. * | 1,100 | 4 | ||||||
MKS Instruments, Inc. * | 4,300 | 67 | ||||||
MoSys, Inc. * | 1,200 | 3 | ||||||
Nanometrics, Inc. * | 300 | 2 | ||||||
National Semiconductor Corp. | 29,200 | 378 | ||||||
Novellus Systems, Inc. * | 11,171 | 230 | ||||||
NVIDIA Corp. * | 59,500 | 712 | ||||||
OmniVision Technologies, Inc. * | 4,800 | 59 | ||||||
ON Semiconductor Corp. * | 43,665 | 292 | ||||||
Pericom Semiconductor Corp. * | 600 | 6 | ||||||
Photronics, Inc. * | 9,400 | 39 | ||||||
PLX Technology, Inc. * | 1,300 | 4 | ||||||
PMC — Sierra, Inc. * | 22,800 | 194 | ||||||
Rambus, Inc. * | 10,700 | 171 | ||||||
RF Micro Devices, Inc. * | 25,020 | 100 | ||||||
Rudolph Technologies, Inc. * | 1,318 | 8 | ||||||
Semitool, Inc. * | 4,300 | 30 | ||||||
Semtech Corp. * | 6,000 | 93 | ||||||
Silicon Image, Inc. * | 6,500 | 14 | ||||||
Silicon Laboratories, Inc. * | 5,000 | 209 | ||||||
Silicon Storage Technology, Inc. * | 7,000 | 14 | ||||||
Skyworks Solutions, Inc. * | 17,189 | 179 | ||||||
Standard Microsystems Corp. * | 3,600 | 69 | ||||||
Supertex, Inc. * | 1,400 | 34 | ||||||
Techwell, Inc. * | 2,500 | 26 | ||||||
Teradyne, Inc. * | 15,559 | 130 | ||||||
Tessera Technologies, Inc. * | 3,000 | 66 | ||||||
Texas Instruments, Inc. | 143,397 | 3,363 | ||||||
Trident Microsystems, Inc. * | 5,000 | 9 | ||||||
TriQuint Semiconductor, Inc. * | 5,310 | 29 | ||||||
Ultratech, Inc. * | 1,300 | 17 | ||||||
Varian Semiconductor Equipment Associates, Inc. * | 7,875 | 224 | ||||||
Veeco Instruments, Inc. * | 3,500 | 85 | ||||||
Virage Logic Corp. * | 1,400 | 8 | ||||||
Xilinx, Inc. | 27,600 | 600 | ||||||
Zoran Corp. * | 4,261 | 38 | ||||||
30,427 | ||||||||
Software & Services 7.7% | ||||||||
Accenture plc, Class A | 13,000 | 482 | ||||||
ACI Worldwide, Inc. * | 5,200 | 84 | ||||||
Activision Blizzard, Inc. * | 119,732 | 1,297 | ||||||
Actuate Corp. * | 5,862 | 29 | ||||||
Acxiom Corp. * | 13,300 | 153 | ||||||
Adobe Systems, Inc. * | 49,210 | 1,621 | ||||||
Advent Software, Inc. * | 4,100 | 157 | ||||||
Affiliated Computer Services, Inc., Class A * | 9,900 | 516 | ||||||
Akamai Technologies, Inc. * | 12,138 | 267 | ||||||
Alliance Data Systems Corp. * | 6,600 | 363 | ||||||
ANSYS, Inc. * | 8,786 | 357 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Ariba, Inc. * | 11,570 | 137 | ||||||
Autodesk, Inc. * | 16,800 | 419 | ||||||
Automatic Data Processing, Inc. | 48,100 | 1,914 | ||||||
Blackbaud, Inc. | 3,000 | 67 | ||||||
BMC Software, Inc. * | 29,000 | 1,078 | ||||||
Bottomline Technologies, Inc. * | 5,000 | 73 | ||||||
Broadridge Financial Solutions, Inc. | 12,025 | 250 | ||||||
CA, Inc. | 47,508 | 994 | ||||||
CACI International, Inc., Class A * | 2,100 | 100 | ||||||
Cadence Design Systems, Inc. * | 22,600 | 138 | ||||||
Chordiant Software, Inc. * | 440 | 2 | ||||||
CIBER, Inc. * | 7,300 | 24 | ||||||
Citrix Systems, Inc. * | 20,000 | 735 | ||||||
Cognizant Technology Solutions Corp., Class A * | 31,200 | 1,206 | ||||||
Computer Sciences Corp. * | 16,238 | 823 | ||||||
Compuware Corp. * | 27,900 | 197 | ||||||
Convergys Corp. * | 10,500 | 114 | ||||||
CSG Systems International, Inc. * | 5,400 | 88 | ||||||
CyberSource Corp. * | 5,457 | 89 | ||||||
DealerTrack Holdings, Inc. * | 3,100 | 51 | ||||||
Digimarc Corp. * | 2,142 | 30 | ||||||
Digital River, Inc. * | 2,100 | 48 | ||||||
DST Systems, Inc. * | 8,100 | 338 | ||||||
Dynamics Research Corp. * | 1,200 | 15 | ||||||
EarthLink, Inc. | 17,050 | 138 | ||||||
eBay, Inc. * | 116,348 | 2,591 | ||||||
Edgewater Technology, Inc. * | 767 | 2 | ||||||
Electronic Arts, Inc. * | 25,200 | 460 | ||||||
eLoyalty Corp. * | 190 | 1 | ||||||
Epicor Software Corp. * | 4,000 | 31 | ||||||
EPIQ Systems, Inc. * | 825 | 10 | ||||||
Equinix, Inc. * | 2,565 | 219 | ||||||
Euronet Worldwide, Inc. * | 2,500 | 59 | ||||||
Exlservice Holdings, Inc. * | 5,000 | 68 | ||||||
FactSet Research Systems, Inc. | 3,750 | 240 | ||||||
Fair Isaac Corp. | 7,744 | 157 | ||||||
FalconStor Software, Inc. * | 1,200 | 4 | ||||||
Fidelity National Information Services, Inc. | 26,506 | 577 | ||||||
Fiserv, Inc. * | 15,300 | 702 | ||||||
Forrester Research, Inc. * | 4,100 | 104 | ||||||
Gartner, Inc. * | 10,300 | 192 | ||||||
Genpact Ltd. * | 15,000 | 179 | ||||||
Global Payments, Inc. | 6,240 | 307 | ||||||
Google, Inc., Class A * | 26,750 | 14,341 | ||||||
GSE Systems, Inc. * | 424 | 3 | ||||||
Hackett Group, Inc. * | 1,700 | 5 | ||||||
Hewitt Associates, Inc., Class A * | 9,425 | 335 | ||||||
IAC/InterActiveCorp * | 15,672 | 297 | ||||||
iGATE Corp. | 9,600 | 85 | ||||||
infoGROUP, Inc. * | 4,800 | 31 | ||||||
Informatica Corp. * | 6,700 | 142 | ||||||
InfoSpace, Inc. * | 3,872 | 33 | ||||||
Interactive Intelligence, Inc. * | 4,000 | 67 | ||||||
Internet Capital Group, Inc. * | 350 | 3 | ||||||
Intuit, Inc. * | 33,430 | 972 | ||||||
j2 Global Communications, Inc. * | 4,000 | 82 | ||||||
Jack Henry & Associates, Inc. | 6,300 | 145 | ||||||
JDA Software Group, Inc. * | 4,500 | 89 | ||||||
Lawson Software, Inc. * | 14,500 | 92 | ||||||
Lender Processing Services, Inc. | 8,157 | 325 | ||||||
LookSmart, Ltd. * | 480 | 1 | ||||||
Magma Design Automation, Inc. * | 7,200 | 15 | ||||||
Manhattan Associates, Inc. * | 4,300 | 99 | ||||||
ManTech International Corp., Class A * | 5,000 | 219 | ||||||
Mastech Holdings, Inc. * | 640 | 3 | ||||||
MasterCard, Inc., Class A | 12,000 | 2,628 | ||||||
MAXIMUS, Inc. | 4,200 | 194 | ||||||
McAfee, Inc. * | 14,445 | 605 | ||||||
Mentor Graphics Corp. * | 8,200 | 60 | ||||||
MICROS Systems, Inc. * | 22,000 | 592 | ||||||
Microsoft Corp. | 865,850 | 24,010 | ||||||
MicroStrategy, Inc., Class A * | 856 | 75 | ||||||
ModusLink Global Solutions, Inc. * | 3,950 | 32 | ||||||
MoneyGram International, Inc. * | 7,500 | 22 | ||||||
Move, Inc. * | 5,020 | 10 | ||||||
NetScout Systems, Inc. * | 7,300 | 90 | ||||||
NeuStar, Inc., Class A * | 6,300 | 146 | ||||||
Novell, Inc. * | 25,600 | 105 | ||||||
Nuance Communications, Inc. * | 21,974 | 288 | ||||||
NYFIX, Inc. * | 750 | 1 | ||||||
Openwave Systems, Inc. * | 7,771 | 18 | ||||||
OPNET Technologies, Inc. | 3,600 | 39 | ||||||
Oracle Corp. | 425,449 | 8,977 | ||||||
Parametric Technology Corp. * | 8,680 | 129 | ||||||
Paychex, Inc. | 32,400 | 920 | ||||||
Perot Systems Corp., Class A * | 9,100 | 272 | ||||||
Phoenix Technologies Ltd. * | 4,100 | 10 | ||||||
PLATO Learning, Inc. * | 1,433 | 6 | ||||||
Progress Software Corp. * | 4,200 | 97 | ||||||
Quest Software, Inc. * | 7,700 | 129 | ||||||
Radiant Systems, Inc. * | 3,800 | 37 | ||||||
RealNetworks, Inc. * | 18,900 | 67 | ||||||
Red Hat, Inc. * | 14,600 | 377 | ||||||
Renaissance Learning, Inc. | 2,100 | 19 | ||||||
Rovi Corp. * | 12,812 | 353 | ||||||
S1 Corp. * | 12,930 | 78 | ||||||
Saba Software, Inc. * | 3,849 | 17 | ||||||
SAIC, Inc. * | 9,500 | 168 | ||||||
Salesforce.com, Inc. * | 8,500 | 482 | ||||||
Sapient Corp. * | 9,100 | 74 | ||||||
SAVVIS, Inc. * | 4,000 | 59 | ||||||
Solera Holdings, Inc. | 5,000 | 161 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
SonicWALL, Inc. * | 7,400 | 59 | ||||||
SourceForge, Inc. * | 4,527 | 5 | ||||||
SRA International, Inc., Class A * | 5,000 | 94 | ||||||
StarTek, Inc. * | 3,900 | 23 | ||||||
Support.com, Inc. * | 11,600 | 28 | ||||||
Sybase, Inc. * | 19,036 | 753 | ||||||
Symantec Corp. * | 93,673 | 1,647 | ||||||
Symyx Technologies, Inc. * | 3,800 | 22 | ||||||
Synopsys, Inc. * | 13,684 | 301 | ||||||
Syntel, Inc. | 2,500 | 90 | ||||||
Take-Two Interactive Software, Inc. * | 6,000 | 66 | ||||||
TeleCommunication Systems, Inc., Class A * | 1,300 | 12 | ||||||
TeleTech Holdings, Inc. * | 5,000 | 89 | ||||||
THQ, Inc. * | 5,425 | 28 | ||||||
TIBCO Software, Inc. * | 16,000 | 140 | ||||||
TiVo, Inc. * | 4,500 | 49 | ||||||
Total System Services, Inc. | 28,204 | 450 | ||||||
United Online, Inc. | 8,650 | 69 | ||||||
ValueClick, Inc. * | 8,500 | 84 | ||||||
VeriFone Holdings, Inc. * | 6,600 | 88 | ||||||
VeriSign, Inc. * | 20,875 | 476 | ||||||
Visa, Inc., Class A | 56,000 | 4,243 | ||||||
VMware, Inc., Class A * | 29,000 | 1,114 | ||||||
Web.com Group, Inc. * | 223 | 2 | ||||||
WebMD Health Corp. * | 15,343 | 523 | ||||||
Websense, Inc. * | 7,500 | 120 | ||||||
Western Union Co. | 65,932 | 1,198 | ||||||
Yahoo!, Inc. * | 125,144 | 1,990 | ||||||
92,791 | ||||||||
Technology Hardware & Equipment 8.2% | ||||||||
3Com Corp. * | 40,900 | 210 | ||||||
Adaptec, Inc. * | 5,700 | 18 | ||||||
ADC Telecommunications, Inc. * | 9,431 | 61 | ||||||
ADTRAN, Inc. | 7,000 | 161 | ||||||
Agilent Technologies, Inc. * | 39,317 | 973 | ||||||
Agilysys, Inc. | 1,360 | 6 | ||||||
Amphenol Corp., Class A | 17,600 | 706 | ||||||
Anaren, Inc. * | 3,300 | 48 | ||||||
Anixter International, Inc. * | 3,300 | 138 | ||||||
Apple, Inc. * | 95,000 | 17,907 | ||||||
Arris Group, Inc. * | 12,775 | 131 | ||||||
Arrow Electronics, Inc. * | 12,000 | 304 | ||||||
Avid Technology, Inc. * | 3,756 | 47 | ||||||
Avnet, Inc. * | 15,788 | 391 | ||||||
Avocent Corp. * | 3,963 | 99 | ||||||
AVX Corp. | 14,000 | 158 | ||||||
Benchmark Electronics, Inc. * | 4,830 | 81 | ||||||
Black Box Corp. | 1,700 | 45 | ||||||
Blue Coat Systems, Inc. * | 680 | 15 | ||||||
Brightpoint, Inc. * | 4,454 | 33 | ||||||
Brocade Communications Systems, Inc. * | 40,535 | 348 | ||||||
Checkpoint Systems, Inc. * | 4,600 | 62 | ||||||
Ciena Corp. * | 2,470 | 29 | ||||||
Cisco Systems, Inc. * | 628,909 | 14,371 | ||||||
Cogent, Inc. * | 7,500 | 72 | ||||||
Cognex Corp. | 2,900 | 47 | ||||||
Coherent, Inc. * | 1,300 | 33 | ||||||
Comarco, Inc. * | 500 | 2 | ||||||
CommScope, Inc. * | 8,323 | 225 | ||||||
Comtech Telecommunications Corp. * | 2,175 | 70 | ||||||
Corning, Inc. | 164,807 | 2,408 | ||||||
CPI International, Inc. * | 6,000 | 59 | ||||||
CTS Corp. | 5,800 | 52 | ||||||
Daktronics, Inc. | 5,200 | 39 | ||||||
DDi Corp. * | 1 | — | ||||||
Dell, Inc. * | 189,400 | 2,744 | ||||||
Diebold, Inc. | 7,300 | 221 | ||||||
Dolby Laboratories, Inc., Class A * | 8,800 | 369 | ||||||
Echelon Corp. * | 3,700 | 51 | ||||||
EchoStar Corp., Class A * | 7,540 | 137 | ||||||
Electro Rent Corp. | 5,100 | 55 | ||||||
Electro Scientific Industries, Inc. * | 1,300 | 14 | ||||||
Electronics for Imaging, Inc. * | 3,400 | 40 | ||||||
EMC Corp. * | 212,186 | 3,495 | ||||||
EMS Technologies, Inc. * | 1,000 | 17 | ||||||
Emulex Corp. * | 5,900 | 60 | ||||||
Extreme Networks, Inc. * | 9,000 | 18 | ||||||
F5 Networks, Inc. * | 8,600 | 386 | ||||||
FLIR Systems, Inc. * | 15,600 | 434 | ||||||
Frequency Electronics, Inc. * | 500 | 2 | ||||||
Gerber Scientific, Inc. * | 5,400 | 25 | ||||||
Harmonic, Inc. * | 6,342 | 33 | ||||||
Harris Corp. | 14,000 | 584 | ||||||
Harris Stratex Networks, Inc., Class A * | 4,177 | 26 | ||||||
Hewlett-Packard Co. | 254,636 | 12,085 | ||||||
Hutchinson Technology, Inc. * | 2,500 | 15 | ||||||
I.D. Systems, Inc. * | 5,500 | 20 | ||||||
Imation Corp. | 2,000 | 18 | ||||||
Immersion Corp. * | 800 | 3 | ||||||
Infinera Corp. * | 7,500 | 56 | ||||||
Ingram Micro, Inc., Class A * | 16,900 | 298 | ||||||
Insight Enterprises, Inc. * | 4,650 | 49 | ||||||
Intelli-Check-Mobilisa, Inc. * | 500 | 1 | ||||||
InterDigital, Inc. * | 4,500 | 93 | ||||||
Intermec, Inc. * | 5,600 | 69 | ||||||
International Business Machines Corp. | 142,510 | 17,188 | ||||||
Itron, Inc. * | 4,500 | 270 | ||||||
Ixia * | 5,200 | 35 | ||||||
Jabil Circuit, Inc. | 20,400 | 273 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
JDS Uniphase Corp. * | 17,553 | 98 | ||||||
Juniper Networks, Inc. * | 60,565 | 1,545 | ||||||
Keithley Instruments, Inc. | 3,200 | 10 | ||||||
L-1 Identity Solutions, Inc. * | 756 | 4 | ||||||
LaserCard Corp. * | 1,000 | 7 | ||||||
LeCroy Corp. * | 900 | 3 | ||||||
Lexmark International, Inc., Class A * | 10,900 | 278 | ||||||
LightPath Technologies, Inc. * | 75 | — | ||||||
Littelfuse, Inc. * | 2,000 | 55 | ||||||
Maxwell Technologies, Inc. * | 1,000 | 18 | ||||||
Measurement Specialties, Inc. * | 700 | 5 | ||||||
Mercury Computer Systems, Inc. * | 3,600 | 39 | ||||||
Merrimac Industries, Inc. * | 600 | 5 | ||||||
Methode Electronics, Inc. | 3,600 | 26 | ||||||
MOCON, Inc. | 600 | 5 | ||||||
Molex, Inc. | 16,125 | 301 | ||||||
Motorola, Inc. | 220,955 | 1,894 | ||||||
MTS Systems Corp. | 4,500 | 119 | ||||||
Multi-Fineline Electronix, Inc. * | 2,500 | 68 | ||||||
National Instruments Corp. | 5,675 | 152 | ||||||
NCR Corp. * | 23,800 | 242 | ||||||
NetApp, Inc. * | 36,500 | 987 | ||||||
NETGEAR, Inc. * | 3,000 | 55 | ||||||
Network Equipment Technologies, Inc. * | 5,000 | 16 | ||||||
Newport Corp. * | 4,200 | 31 | ||||||
Oplink Communications, Inc. * | 657 | 10 | ||||||
OSI Systems, Inc. * | 3,700 | 73 | ||||||
Palm, Inc. * | 13,138 | 153 | ||||||
Park Electrochemical Corp. | 3,600 | 81 | ||||||
ParkerVision, Inc. * | 400 | 1 | ||||||
PC Connection, Inc. * | 5,500 | 32 | ||||||
PC-Tel, Inc. * | 6,400 | 37 | ||||||
Performance Technologies, Inc. * | 1,600 | 4 | ||||||
Plantronics, Inc. | 4,000 | 96 | ||||||
Plexus Corp. * | 3,700 | 94 | ||||||
Polycom, Inc. * | 9,200 | 198 | ||||||
Presstek, Inc. * | 1,100 | 2 | ||||||
QLogic Corp. * | 17,044 | 299 | ||||||
QUALCOMM, Inc. | 170,600 | 7,065 | ||||||
RadiSys Corp. * | 3,700 | 31 | ||||||
Research Frontiers, Inc. * | 800 | 3 | ||||||
Richardson Electronics Ltd. | 1,300 | 7 | ||||||
Riverbed Technology, Inc. * | 5,500 | 113 | ||||||
Rofin-Sinar Technologies, Inc. * | 3,800 | 82 | ||||||
Rogers Corp. * | 2,500 | 65 | ||||||
SanDisk Corp. * | 19,500 | 399 | ||||||
ScanSource, Inc. * | 3,200 | 81 | ||||||
SCM Microsystems, Inc. * | 1,200 | 3 | ||||||
SeaChange International, Inc. * | 6,350 | 43 | ||||||
Seagate Technology | 52,066 | 726 | ||||||
Sonus Networks, Inc. * | 19,400 | 37 | ||||||
Stratasys, Inc. * | 2,700 | 43 | ||||||
Sun Microsystems, Inc. * | 62,057 | 508 | ||||||
Sycamore Networks, Inc. * | 27,900 | 80 | ||||||
Symmetricom, Inc. * | 8,450 | 40 | ||||||
Synaptics, Inc. * | 5,250 | 118 | ||||||
Tech Data Corp. * | 5,300 | 204 | ||||||
Technitrol, Inc. | 4,000 | 31 | ||||||
Tekelec * | 8,700 | 131 | ||||||
Tellabs, Inc. * | 38,064 | 229 | ||||||
Teradata Corp. * | 23,800 | 664 | ||||||
TESSCO Technologies, Inc. | 1,350 | 23 | ||||||
Tollgrade Communications, Inc. * | 3,600 | 21 | ||||||
Trimble Navigation Ltd. * | 11,792 | 247 | ||||||
TTM Technologies, Inc. * | 4,400 | 45 | ||||||
UTStarcom, Inc. * | 16,000 | 29 | ||||||
ViaSat, Inc. * | 3,500 | 102 | ||||||
Vishay Intertechnology, Inc. * | 36,688 | 229 | ||||||
Western Digital Corp. * | 23,200 | 781 | ||||||
Xerox Corp. | 91,700 | 690 | ||||||
Xybernaut Corp. (a)(c) | 1,400 | — | ||||||
Zebra Technologies Corp., Class A * | 6,375 | 159 | ||||||
Zygo Corp. * | 3,500 | 24 | ||||||
98,629 | ||||||||
Telecommunication Services 2.7% | ||||||||
Alaska Communication Systems Group, Inc. | 5,000 | 39 | ||||||
American Tower Corp., Class A * | 36,800 | 1,355 | ||||||
AT&T, Inc. | 603,056 | 15,480 | ||||||
Atlantic Tele-Network, Inc. | 3,250 | 149 | ||||||
Centennial Communications Corp. * | 8,000 | 68 | ||||||
CenturyTel, Inc. | 25,359 | 823 | ||||||
CIBL, Inc. (a)(c) | 9 | — | ||||||
Cincinnati Bell, Inc. * | 22,268 | 69 | ||||||
Clearwire Corp., Class A * | 62,500 | 391 | ||||||
Cogent Communications Group, Inc. * | 3,900 | 40 | ||||||
Consolidated Communications Holdings, Inc. | 2,622 | 36 | ||||||
Crown Castle International Corp. * | 27,776 | 839 | ||||||
D&E Communications, Inc. | 5,500 | 62 | ||||||
Frontier Communications Corp. | 37,119 | 266 | ||||||
General Communication, Inc., Class A * | 10,500 | 65 | ||||||
Global Crossing Ltd. * | 4,600 | 52 | ||||||
HickoryTech Corp. | 4,600 | 41 | ||||||
Iowa Telecommunications Services, Inc. | 2,500 | 29 | ||||||
Leap Wireless International, Inc. * | 5,700 | 75 | ||||||
Level 3 Communications, Inc. * | 168,000 | 198 | ||||||
MetroPCS Communications, Inc. * | 33,000 | 206 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
NII Holdings, Inc. * | 17,400 | 469 | ||||||
NTELOS Holdings Corp. | 3,000 | 45 | ||||||
PAETEC Holding Corp. * | 8,500 | 28 | ||||||
Premiere Global Services, Inc. * | 5,100 | 38 | ||||||
Qwest Communications International, Inc. | 151,337 | 543 | ||||||
SBA Communications Corp., Class A * | 9,300 | 262 | ||||||
Shenandoah Telecommunications Co. | 2,500 | 42 | ||||||
Sprint Nextel Corp. * | 301,530 | 893 | ||||||
SureWest Communications * | 5,500 | 49 | ||||||
Syniverse Holdings, Inc. * | 10,400 | 178 | ||||||
Telephone & Data Systems, Inc. | 10,600 | 314 | ||||||
tw telecom, Inc. * | 14,000 | 176 | ||||||
United States Cellular Corp. * | 9,100 | 333 | ||||||
USA Mobility, Inc. | 5,500 | 60 | ||||||
Verizon Communications, Inc. | 303,072 | 8,968 | ||||||
Warwick Valley Telephone Co. | 1,100 | 13 | ||||||
Windstream Corp. | 46,124 | 445 | ||||||
33,139 | ||||||||
Transportation 1.8% | ||||||||
AirTran Holdings, Inc. * | 5,800 | 25 | ||||||
Alaska Air Group, Inc. * | 1,900 | 49 | ||||||
Alexander & Baldwin, Inc. | 3,400 | 98 | ||||||
AMERCO * | 900 | 38 | ||||||
AMR Corp. * | 25,200 | 136 | ||||||
Arkansas Best Corp. | 1,100 | 28 | ||||||
Atlas Air Worldwide Holdings, Inc. * | 3,000 | 79 | ||||||
Burlington Northern Santa Fe Corp. | 30,300 | 2,282 | ||||||
C.H. Robinson Worldwide, Inc. | 15,000 | 827 | ||||||
Con-way, Inc. | 4,500 | 148 | ||||||
Continental Airlines, Inc., Class B * | 10,000 | 115 | ||||||
CSX Corp. | 36,700 | 1,548 | ||||||
Delta Air Lines, Inc. * | 50,000 | 357 | ||||||
Dollar Thrifty Automotive Group, Inc. * | 3,500 | 65 | ||||||
Expeditors International of Washington, Inc. | 21,200 | 683 | ||||||
FedEx Corp. | 31,063 | 2,258 | ||||||
Forward Air Corp. | 2,600 | 56 | ||||||
Genco Shipping & Trading Ltd. | 5,500 | 109 | ||||||
Genesee & Wyoming, Inc., Class A * | 3,000 | 87 | ||||||
Heartland Express, Inc. | 8,941 | 122 | ||||||
Hertz Global Holdings, Inc. * | 37,000 | 345 | ||||||
Horizon Lines, Inc., Class A | 5,200 | 27 | ||||||
Hub Group, Inc., Class A * | 4,400 | 109 | ||||||
J.B. Hunt Transport Services, Inc. | 13,000 | 391 | ||||||
JetBlue Airways Corp. * | 23,462 | 116 | ||||||
Kansas City Southern * | 7,550 | 183 | ||||||
Kirby Corp. * | 5,600 | 189 | ||||||
Knight Transportation, Inc. | 9,050 | 145 | ||||||
Landstar System, Inc. | 15,200 | 536 | ||||||
MAIR Holdings, Inc. (a)(c) | 1,100 | 3 | ||||||
Norfolk Southern Corp. | 34,500 | 1,608 | ||||||
Old Dominion Freight Line, Inc. * | 4,050 | 105 | ||||||
Pacer International, Inc. | 2,800 | 8 | ||||||
Park-Ohio Holdings Corp. * | 2,600 | 16 | ||||||
Pinnacle Airlines Corp. * | 7,500 | 45 | ||||||
Quixote Corp. * | 1,300 | 3 | ||||||
Republic Airways Holdings, Inc. * | 7,500 | 60 | ||||||
Ryder System, Inc. | 6,400 | 260 | ||||||
Saia, Inc. * | 6,100 | 89 | ||||||
SkyWest, Inc. | 4,000 | 56 | ||||||
Southwest Airlines Co. | 69,125 | 581 | ||||||
UAL Corp. * | 10,600 | 69 | ||||||
Union Pacific Corp. | 54,000 | 2,978 | ||||||
United Parcel Service, Inc., Class B | 91,480 | 4,911 | ||||||
US Airways Group, Inc. * | 5,900 | 18 | ||||||
UTI Worldwide, Inc. | 9,300 | 116 | ||||||
Werner Enterprises, Inc. | 5,832 | 109 | ||||||
YRC Worldwide, Inc. * | 5,004 | 18 | ||||||
22,204 | ||||||||
Utilities 3.7% | ||||||||
AGL Resources, Inc. | 6,800 | 238 | ||||||
Allegheny Energy, Inc. | 14,400 | 329 | ||||||
ALLETE, Inc. | 5,233 | 177 | ||||||
Alliant Energy Corp. | 11,800 | 313 | ||||||
Ameren Corp. | 23,100 | 562 | ||||||
American Electric Power Co., Inc. | 49,520 | 1,497 | ||||||
American States Water Co. | 2,000 | 66 | ||||||
American Water Works Co., Inc. | 20,000 | 379 | ||||||
Aqua America, Inc. | 12,094 | 187 | ||||||
Atmos Energy Corp. | 9,200 | 256 | ||||||
Avista Corp. | 7,800 | 148 | ||||||
Black Hills Corp. | 3,900 | 95 | ||||||
Calpine Corp. * | 39,900 | 449 | ||||||
CenterPoint Energy, Inc. | 32,100 | 404 | ||||||
Central Vermont Public Services Corp. | 6,200 | 120 | ||||||
CH Energy Group, Inc. | 1,900 | 79 | ||||||
Chesapeake Utilities Corp. | 647 | 21 | ||||||
Cleco Corp. | 6,400 | 158 | ||||||
CMS Energy Corp. | 23,900 | 318 | ||||||
Consolidated Edison, Inc. | 28,400 | 1,155 | ||||||
Constellation Energy Group, Inc. | 19,500 | 603 | ||||||
Dominion Resources, Inc. | 61,280 | 2,089 | ||||||
DPL, Inc. | 11,452 | 290 | ||||||
DTE Energy Co. | 17,301 | 640 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Duke Energy Corp. | 133,756 | 2,116 | ||||||
Dynegy, Inc., Class A * | 77,081 | 154 | ||||||
Edison International | 37,710 | 1,200 | ||||||
El Paso Electric Co. * | 5,300 | 99 | ||||||
Energen Corp. | 5,200 | 228 | ||||||
Entergy Corp. | 21,700 | 1,665 | ||||||
EQT Corp. | 12,800 | 536 | ||||||
Exelon Corp. | 74,474 | 3,497 | ||||||
FirstEnergy Corp. | 31,717 | 1,373 | ||||||
FPL Group, Inc. | 37,900 | 1,861 | ||||||
Great Plains Energy, Inc. | 9,341 | 162 | ||||||
Hawaiian Electric Industries, Inc. | 7,700 | 137 | ||||||
IDACORP, Inc. | 4,200 | 118 | ||||||
Integrys Energy Group, Inc. | 7,540 | 261 | ||||||
ITC Holdings Corp. | 5,000 | 222 | ||||||
MDU Resources Group, Inc. | 16,425 | 341 | ||||||
MGE Energy, Inc. | 2,000 | 70 | ||||||
Middlesex Water Co. | 3,000 | 46 | ||||||
Mirant Corp. * | 17,700 | 247 | ||||||
National Fuel Gas Co. | 8,800 | 399 | ||||||
New Jersey Resources Corp. | 6,225 | 219 | ||||||
Nicor, Inc. | 3,000 | 111 | ||||||
NiSource, Inc. | 28,864 | 373 | ||||||
Northeast Utilities | 18,124 | 418 | ||||||
Northwest Natural Gas Co. | 5,700 | 238 | ||||||
NorthWestern Corp. | 7,100 | 172 | ||||||
NRG Energy, Inc. * | 27,600 | 635 | ||||||
NSTAR | 10,734 | 332 | ||||||
NV Energy, Inc. | 20,476 | 235 | ||||||
OGE Energy Corp. | 9,500 | 316 | ||||||
ONEOK, Inc. | 12,900 | 467 | ||||||
Ormat Technologies, Inc. | 2,800 | 106 | ||||||
Pepco Holdings, Inc. | 19,800 | 296 | ||||||
PG&E Corp. | 38,000 | 1,554 | ||||||
Piedmont Natural Gas Co., Inc. | 6,300 | 147 | ||||||
Pinnacle West Capital Corp. | 9,800 | 307 | ||||||
PNM Resources, Inc. | 5,500 | 59 | ||||||
Portland General Electric Co. | 8,200 | 152 | ||||||
PPL Corp. | 38,700 | 1,139 | ||||||
Progress Energy, Inc. | 28,959 | 1,087 | ||||||
Public Service Enterprise Group, Inc. | 52,800 | 1,573 | ||||||
Questar Corp. | 19,200 | 765 | ||||||
RRI Energy, Inc. * | 28,125 | 148 | ||||||
SCANA Corp. | 12,405 | 420 | ||||||
Sempra Energy | 24,675 | 1,270 | ||||||
South Jersey Industries, Inc. | 2,500 | 88 | ||||||
Southern Co. | 80,800 | 2,520 | ||||||
Southwest Gas Corp. | 3,600 | 90 | ||||||
Spectra Energy Partners L.P. | 7,500 | 192 | ||||||
TECO Energy, Inc. | 23,700 | 340 | ||||||
The AES Corp. * | 69,396 | 907 | ||||||
The Empire District Electric Co. | 3,500 | 63 | ||||||
The Laclede Group, Inc. | 3,300 | 101 | ||||||
UGI Corp. | 10,700 | 256 | ||||||
UIL Holdings Corp. | 3,166 | 81 | ||||||
Unisource Energy Corp. | 3,800 | 110 | ||||||
Unitil Corp. | 600 | 12 | ||||||
Vectren Corp. | 5,766 | 130 | ||||||
Westar Energy, Inc. | 8,200 | 157 | ||||||
WGL Holdings, Inc. | 6,000 | 198 | ||||||
Wisconsin Energy Corp. | 11,400 | 498 | ||||||
Xcel Energy, Inc. | 47,395 | 894 | ||||||
44,481 | ||||||||
Total Common Stock (Cost $1,175,030) | 1,200,332 | |||||||
Preferred Stock 0.2% of net assets | ||||||||
Real Estate 0.2% | ||||||||
Simon Property Group, Inc. | 31,091 | 2,111 | ||||||
Total Preferred Stock (Cost $1,367) | 2,111 | |||||||
Rights 0.0% of net assets | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Indevus Pharmaceuticals, Inc. (a)(c)* | 1,800 | — | ||||||
Total Rights (Cost $—) | — | |||||||
Face Amount | Value | |||||||
Security Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investments 0.8% of net assets | ||||||||
Commercial Paper & Other Obligation 0.6% | ||||||||
Wells Fargo, San Francisco Time Deposit | ||||||||
0.03%, 11/02/09 | 7,510 | 7,510 | ||||||
U.S. Treasury Obligation 0.2% | ||||||||
U.S. Treasury Bill | ||||||||
0.08%, 12/17/09 | 2,000 | 2,000 | ||||||
Face Amount | Value | |||||||
Security &nbs p; Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Total Short-Term Investments (Cost $9,510) | 9,510 | |||||||
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Collateral Invested for Securities on Loan 0.1% of net assets | ||||||||
Invesco AIM Short Term Investments Trust Government & Agency Portfolio | 1,079,196 | 1,079 | ||||||
Total Collateral Invested for Securities on Loan (Cost $1,079) | 1,079 | |||||||
* | Non-income producing security. | |
(a) | Fair-valued by Management in accordance with procedures approved by the Board of Trustees. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | Illiquid security. At the period end, the value of these amounted to $3 or 0.0% of net assets. | |
(d) | All or a portion of this security is on loan. |
REIT – Real Estate Investment Trust
Cost | Value | |||||||||||
Holdings by Category | ($ x 1,000) | ($ x 1,000) | ||||||||||
98.6 | % | Common Stock | 1,034,182 | 1,351,379 | ||||||||
0.2 | % | Preferred Stock | 3,232 | 2,694 | ||||||||
— | % | Rights | — | — | ||||||||
— | % | Warrants | 14 | 10 | ||||||||
0.4 | % | Other Investment Company | 5,577 | 5,330 | ||||||||
0.5 | % | Short-Term Investment | 6,191 | 6,191 | ||||||||
99.7 | % | Total Investments | 1,049,196 | 1,365,604 | ||||||||
0.3 | % | Other Assets and Liabilities, Net | 3,725 | |||||||||
100.0 | % | Total Net Assets | 1,369,329 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Common Stock 98.6% of net assets | ||||||||
Australia 7.2% | ||||||||
Banks 2.9% | ||||||||
Australia & New Zealand Banking Group Ltd. | 402,801 | 8,216 | ||||||
Commonwealth Bank of Australia | 244,300 | 11,289 | ||||||
National Australia Bank Ltd. | 337,078 | 8,906 | ||||||
Westpac Banking Corp. | 478,668 | 11,188 | ||||||
39,599 | ||||||||
Commercial & Professional Supplies 0.1% | ||||||||
Brambles Ltd. | 230,929 | 1,456 | ||||||
Diversified Financials 0.2% | ||||||||
Macquarie Group Ltd. | 53,496 | 2,343 | ||||||
Energy 0.5% | ||||||||
Origin Energy Ltd. | 135,541 | 1,944 | ||||||
Santos Ltd. | 133,270 | 1,776 | ||||||
Woodside Petroleum Ltd. | 73,798 | 3,095 | ||||||
6,815 | ||||||||
Food & Staples Retailing 0.7% | ||||||||
Wesfarmers Ltd. | 186,281 | 4,648 | ||||||
Woolworths Ltd. | 197,119 | 5,046 | ||||||
9,694 | ||||||||
Insurance 0.5% | ||||||||
AMP Ltd. | 338,260 | 1,782 | ||||||
QBE Insurance Group Ltd. | 163,842 | 3,300 | ||||||
Suncorp-Metway Ltd. | 202,250 | 1,582 | ||||||
6,664 | ||||||||
Materials 1.8% | ||||||||
BHP Billiton Ltd. | 539,827 | 17,704 | ||||||
Fortescue Metals Group Ltd. * | 199,985 | 670 | ||||||
Newcrest Mining Ltd. | 74,314 | 2,136 | ||||||
Rio Tinto Ltd. | 70,018 | 3,881 | ||||||
24,391 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
CSL Ltd. | 96,972 | 2,723 | ||||||
Real Estate 0.2% | ||||||||
Westfield Group | 340,589 | 3,690 | ||||||
Telecommunication Services 0.1% | ||||||||
Telstra Corp., Ltd. | 400,295 | 1,190 | ||||||
98,565 | ||||||||
Austria 0.2% | ||||||||
Banks 0.1% | ||||||||
Erste Group Bank AG | 33,336 | 1,340 | ||||||
Raiffeisen International Bank-Holding AG | 7,464 | 438 | ||||||
1,778 | ||||||||
Energy 0.1% | ||||||||
OMV AG | 25,065 | 1,033 | ||||||
Utilities 0.0% | ||||||||
Oesterreichische Eletrizitaetswirtschafts-AG A Shares | 11,898 | 534 | ||||||
3,345 | ||||||||
Belgium 0.9% | ||||||||
Banks 0.2% | ||||||||
Dexia S.A. * | 170,582 | 1,418 | ||||||
KBC GROEP N.V. * | 34,679 | 1,484 | ||||||
2,902 | ||||||||
Diversified Financials 0.1% | ||||||||
Groupe Bruxelles Lambert S.A. | 13,694 | 1,207 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Anheuser-Busch InBev N.V. | 120,556 | 5,660 | ||||||
Insurance 0.1% | ||||||||
Fortis * | 391,801 | 1,694 | ||||||
Telecommunication Services 0.1% | ||||||||
Belgacom S.A. | 25,283 | 947 | ||||||
12,410 | ||||||||
Canada 8.5% | ||||||||
Banks 2.5% | ||||||||
Bank of Montreal | 88,275 | 4,084 | ||||||
Bank of Nova Scotia | 162,452 | 6,793 | ||||||
Canadian Imperial Bank of Commerce | 62,110 | 3,559 | ||||||
Royal Bank of Canada | 227,168 | 11,505 | ||||||
The Toronto-Dominion Bank | 135,532 | 7,726 | ||||||
33,667 | ||||||||
Diversified Financials 0.0% | ||||||||
IGM Financial, Inc. | 17,000 | 606 | ||||||
Energy 2.6% | ||||||||
Cameco Corp. | 63,109 | 1,759 | ||||||
Canadian Natural Resources Ltd. | 86,888 | 5,639 | ||||||
Canadian Oil Sands Trust | 38,147 | 1,029 | ||||||
Enbridge, Inc. | 59,980 | 2,333 | ||||||
EnCana Corp. | 120,062 | 6,657 | ||||||
Husky Energy, Inc. | 41,610 | 1,096 | ||||||
Imperial Oil Ltd. | 41,159 | 1,548 | ||||||
Nexen, Inc. | 83,274 | 1,792 | ||||||
Suncor Energy, Inc. | 251,099 | 8,336 | ||||||
Talisman Energy, Inc. | 164,142 | 2,800 | ||||||
TransCanada Corp. | 109,582 | 3,358 | ||||||
36,347 | ||||||||
Insurance 0.8% | ||||||||
Great-West Lifeco, Inc. | 41,000 | 898 | ||||||
Manulife Financial Corp. | 259,097 | 4,861 | ||||||
Power Corp. of Canada | 55,503 | 1,308 | ||||||
Power Financial Corp. | 36,366 | 915 | ||||||
Sun Life Financial, Inc. | 92,057 | 2,546 | ||||||
10,528 | ||||||||
Materials 1.5% | ||||||||
Agnico-Eagle Mines Ltd. | 25,140 | 1,338 | ||||||
Barrick Gold Corp. | 158,121 | 5,693 | ||||||
Goldcorp, Inc. | 118,151 | 4,344 | ||||||
Kinross Gold Corp. | 109,791 | 2,040 | ||||||
Potash Corp. of Saskatchewan, Inc. | 48,480 | 4,521 | ||||||
Teck Resources Ltd., Class B * | 72,800 | 2,113 | ||||||
20,049 | ||||||||
Media 0.1% | ||||||||
Thomson Reuters Corp. | 58,700 | 1,867 | ||||||
Real Estate 0.1% | ||||||||
Brookfield Asset Management, Inc., Class A | 78,429 | 1,656 | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Research In Motion Ltd. * | 78,948 | 4,656 | ||||||
Telecommunication Services 0.3% | ||||||||
BCE, Inc. | 40,749 | 975 | ||||||
Rogers Communications, Inc., Class B | 86,778 | 2,546 | ||||||
3,521 | ||||||||
Transportation 0.3% | ||||||||
Canadian National Railway Co. | 74,978 | 3,624 | ||||||
116,521 | ||||||||
Denmark 0.8% | ||||||||
Banks 0.1% | ||||||||
Danske Bank A/S * | 90,729 | 2,084 | ||||||
Capital Goods 0.2% | ||||||||
Vestas Wind Systems A/S * | 32,766 | 2,298 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.4% | ||||||||
Novo Nordisk A/S, Class B | 79,293 | 4,926 | ||||||
Transportation 0.1% | ||||||||
AP Moller — Maersk A/S, Series A | 85 | 565 | ||||||
AP Moller — Maersk A/S, Series B | 168 | 1,147 | ||||||
1,712 | ||||||||
11,020 | ||||||||
Finland 0.8% | ||||||||
Insurance 0.1% | ||||||||
Sampo Oyj, Class A | 77,381 | 1,852 | ||||||
Technology Hardware & Equipment 0.6% | ||||||||
Nokia Corp. | 613,039 | 7,743 | ||||||
Utilities 0.1% | ||||||||
Fortum Oyj | 67,873 | 1,607 | ||||||
11,202 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
France 11.1% | ||||||||
Automobiles & Components 0.2% | ||||||||
Compagnie Generale des Etablissements Michelin, Class B | 21,444 | 1,589 | ||||||
Renault S.A. * | 30,704 | 1,374 | ||||||
2,963 | ||||||||
Banks 1.6% | ||||||||
BNP Paribas | 146,042 | 11,002 | ||||||
Credit Agricole S.A. | 168,718 | 3,232 | ||||||
Natixis * | 134,252 | 754 | ||||||
Societe Generale | 97,362 | 6,467 | ||||||
21,455 | ||||||||
Capital Goods 1.2% | ||||||||
Alstom S.A. | 29,560 | 2,048 | ||||||
Areva — CI | 904 | 475 | ||||||
Bouygues S.A. | 34,024 | 1,602 | ||||||
Compagnie de Saint-Gobain | 63,235 | 3,081 | ||||||
Schneider Electric S.A. | 42,132 | 4,381 | ||||||
Thales S.A. | 14,995 | 727 | ||||||
Vinci S.A. | 83,016 | 4,333 | ||||||
16,647 | ||||||||
Consumer Durables & Apparel 0.5% | ||||||||
Christian Dior S.A. | 8,936 | 891 | ||||||
Hermes International | 12,189 | 1,695 | ||||||
LVMH Moet Hennessy Louis Vuitton S.A. | 39,953 | 4,137 | ||||||
6,723 | ||||||||
Consumer Services 0.1% | ||||||||
Accor S.A. | 26,524 | 1,270 | ||||||
Energy 1.6% | ||||||||
Total S.A. | 376,619 | 22,537 | ||||||
Food & Staples Retailing 0.3% | ||||||||
Carrefour S.A. | 95,583 | 4,103 | ||||||
Food, Beverage & Tobacco 0.7% | ||||||||
DANONE S.A. | 104,069 | 6,252 | ||||||
Pernod Ricard S.A. | 35,653 | 2,970 | ||||||
9,222 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Essilor International S.A. | 32,662 | 1,829 | ||||||
Household & Personal Products 0.3% | ||||||||
L’Oreal S.A. | 38,301 | 3,916 | ||||||
Insurance 0.6% | ||||||||
AXA S.A. | 281,096 | 6,991 | ||||||
CNP Assurances | 5,858 | 566 | ||||||
7,557 | ||||||||
Materials 0.5% | ||||||||
Air Liquide S.A. | 42,011 | 4,525 | ||||||
Lafarge S.A. | 30,325 | 2,461 | ||||||
6,986 | ||||||||
Media 0.4% | ||||||||
Vivendi | 197,655 | 5,483 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.9% | ||||||||
Sanofi-Aventis | 172,144 | 12,619 | ||||||
Real Estate 0.2% | ||||||||
Unibail-Rodamco SE | 14,177 | 3,140 | ||||||
Retailing 0.1% | ||||||||
PPR | 10,805 | 1,178 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Alcatel-Lucent * | 358,710 | 1,343 | ||||||
Telecommunication Services 0.6% | ||||||||
France Telecom S.A. | 312,491 | 7,743 | ||||||
Utilities 1.1% | ||||||||
Electricite de France | 41,359 | 2,305 | ||||||
GDF Suez | 233,712 | 9,771 | ||||||
Suez Environnement Co. | 43,354 | 963 | ||||||
Veolia Environnement | 79,396 | 2,594 | ||||||
15,633 | ||||||||
152,347 | ||||||||
Germany 8.1% | ||||||||
Automobiles & Components 0.9% | ||||||||
Bayerische Motoren Werke AG | 52,349 | 2,561 | ||||||
Daimler AG — Reg’d | 170,662 | 8,289 | ||||||
Volkswagen AG | 13,893 | 2,259 | ||||||
13,109 | ||||||||
Banks 0.1% | ||||||||
Commerzbank AG * | 104,904 | 1,093 | ||||||
Capital Goods 1.0% | ||||||||
MAN SE | 16,017 | 1,319 | ||||||
Siemens AG — Reg’d | 131,154 | 11,852 | ||||||
13,171 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Adidas AG | 31,178 | 1,443 | ||||||
Diversified Financials 0.7% | ||||||||
Deutsche Bank AG — Reg’d | 99,872 | 7,256 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Deutsche Boerse AG | 30,300 | 2,454 | ||||||
9,710 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Metro AG | 17,793 | 988 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Fresenius Medical Care AG & Co. KGaA | 29,500 | 1,432 | ||||||
Household & Personal Products 0.1% | ||||||||
Beiersdorf AG | 16,031 | 987 | ||||||
Insurance 1.0% | ||||||||
Allianz SE — Reg’d | 72,500 | 8,310 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG — Reg’d | 33,094 | 5,236 | ||||||
13,546 | ||||||||
Materials 0.9% | ||||||||
BASF SE | 148,324 | 7,940 | ||||||
Linde AG | 27,102 | 2,845 | ||||||
ThyssenKrupp AG | 54,528 | 1,756 | ||||||
12,541 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.7% | ||||||||
Bayer AG | 133,015 | 9,228 | ||||||
Merck KGaA | 10,200 | 959 | ||||||
10,187 | ||||||||
Software & Services 0.4% | ||||||||
SAP AG | 137,740 | 6,239 | ||||||
Telecommunication Services 0.5% | ||||||||
Deutsche Telekom AG — Reg’d | 477,162 | 6,521 | ||||||
Transportation 0.2% | ||||||||
Deutsche Post AG — Reg’d | 130,927 | 2,215 | ||||||
Utilities 1.3% | ||||||||
E.ON AG | 306,345 | 11,741 | ||||||
RWE AG | 66,013 | 5,790 | ||||||
17,531 | ||||||||
110,713 | ||||||||
Greece 0.3% | ||||||||
Banks 0.2% | ||||||||
National Bank of Greece S.A. * | 80,846 | 2,956 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Coca Cola Hellenic Bottling Co., S.A. | 27,624 | 720 | ||||||
3,676 | ||||||||
Hong Kong 2.0% | ||||||||
Banks 0.2% | ||||||||
BOC Hong Kong (Holdings) Ltd. | 582,000 | 1,340 | ||||||
Hang Seng Bank Ltd. | 116,736 | 1,649 | ||||||
2,989 | ||||||||
Capital Goods 0.2% | ||||||||
Hutchison Whampoa Ltd. | 337,370 | 2,368 | ||||||
Diversified Financials 0.2% | ||||||||
Hong Kong Exchanges & Clearing Ltd. | 174,018 | 3,063 | ||||||
Real Estate 0.9% | ||||||||
Cheung Kong (Holdings) Ltd. | 232,628 | 2,952 | ||||||
Hang Lung Properties Ltd. | 313,000 | 1,183 | ||||||
Henderson Land Development Co., Ltd. | 159,000 | 1,124 | ||||||
Sun Hung Kai Properties Ltd. | 242,604 | 3,676 | ||||||
Swire Pacific Ltd., Class A | 122,890 | 1,498 | ||||||
The Wharf (Holdings) Ltd. | 221,000 | 1,194 | ||||||
11,627 | ||||||||
Retailing 0.1% | ||||||||
Li & Fung Ltd. | 404,000 | 1,680 | ||||||
Transportation 0.1% | ||||||||
MTR Corp., Ltd. | 213,500 | 756 | ||||||
Utilities 0.3% | ||||||||
CLP Holdings Ltd. | 308,580 | 2,068 | ||||||
Hong Kong & China Gas Co., Ltd. | 645,200 | 1,552 | ||||||
Hongkong Electric Holdings Ltd. | 211,000 | 1,129 | ||||||
4,749 | ||||||||
27,232 | ||||||||
Ireland 0.3% | ||||||||
Materials 0.2% | ||||||||
CRH plc | 111,373 | 2,731 | ||||||
Media 0.1% | ||||||||
WPP plc | 204,396 | 1,832 | ||||||
4,563 | ||||||||
Italy 3.8% | ||||||||
Automobiles & Components 0.1% | ||||||||
Fiat S.p.A. * | 117,783 | 1,754 | ||||||
Banks 1.3% | ||||||||
Banca Monte dei Paschi di Siena S.p.A. | 595,701 | 1,132 | ||||||
Intesa Sanpaolo * | 1,558,132 | 6,557 | ||||||
UniCredit S.p.A. * | 2,694,921 | 9,028 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Unione di Banche Italiane S.c.p.A. | 102,112 | 1,459 | ||||||
18,176 | ||||||||
Capital Goods 0.1% | ||||||||
Finmeccanica S.p.A. | 62,819 | 1,054 | ||||||
Consumer Durables & Apparel 0.0% | ||||||||
Luxottica Group S.p.A. | 23,984 | 584 | ||||||
Diversified Financials 0.1% | ||||||||
Mediobanca S.p.A. | 75,844 | 968 | ||||||
Energy 1.0% | ||||||||
Eni S.p.A. | 448,923 | 11,118 | ||||||
Saipem S.p.A. | 40,507 | 1,195 | ||||||
Tenaris S.A. * | 74,437 | 1,325 | ||||||
13,638 | ||||||||
Insurance 0.4% | ||||||||
Assicurazioni Generali S.p.A. | 212,187 | 5,343 | ||||||
Telecommunication Services 0.2% | ||||||||
Telecom Italia S.p.A. | 1,629,658 | 2,589 | ||||||
Transportation 0.1% | ||||||||
Atlantia S.p.A. | 44,674 | 1,056 | ||||||
Utilities 0.5% | ||||||||
Enel S.p.A. | 1,025,196 | 6,100 | ||||||
Snam Rete Gas S.p.A | 287,008 | 1,392 | ||||||
7,492 | ||||||||
52,654 | ||||||||
Japan 14.6% | ||||||||
Automobiles & Components 2.4% | ||||||||
Bridgestone Corp. | 95,657 | 1,577 | ||||||
Denso Corp. | 74,500 | 2,036 | ||||||
Honda Motor Co., Ltd. | 253,539 | 7,831 | ||||||
Nissan Motor Co., Ltd. | 337,196 | 2,440 | ||||||
Suzuki Motor Corp. | 57,800 | 1,399 | ||||||
Toyota Motor Corp. | 427,803 | 16,888 | ||||||
32,171 | ||||||||
Banks 1.5% | ||||||||
Mitsubishi UFJ Financial Group, Inc. | 1,781,509 | 9,489 | ||||||
Mizuho Financial Group, Inc. | 2,340,734 | 4,617 | ||||||
Resona Holdings, Inc. | 88,700 | 1,056 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 156,246 | 5,311 | ||||||
20,473 | ||||||||
Capital Goods 1.8% | ||||||||
Daikin Industries Ltd. | 41,300 | 1,400 | ||||||
Fanuc Ltd. | 29,300 | 2,434 | ||||||
Itochu Corp. | 216,000 | 1,365 | ||||||
Komatsu Ltd. | 140,609 | 2,741 | ||||||
Kubota Corp. | 156,000 | 1,212 | ||||||
Mitsubishi Corp. | 224,000 | 4,749 | ||||||
Mitsubishi Electric Corp. | 303,000 | 2,305 | ||||||
Mitsubishi Heavy Industries Ltd. | 547,000 | 1,934 | ||||||
Mitsui & Co., Ltd. | 265,000 | 3,480 | ||||||
Sumitomo Corp. | 183,000 | 1,777 | ||||||
Sumitomo Electric Industries Ltd. | 116,900 | 1,419 | ||||||
24,816 | ||||||||
Commercial & Professional Supplies 0.2% | ||||||||
Dai Nippon Printing Co., Ltd. | 94,000 | 1,178 | ||||||
Secom Co., Ltd. | 33,500 | 1,563 | ||||||
2,741 | ||||||||
Consumer Durables & Apparel 0.8% | ||||||||
Panasonic Corp. | 304,912 | 4,304 | ||||||
Sharp Corp. | 130,785 | 1,396 | ||||||
Sony Corp. | 160,500 | 4,739 | ||||||
10,439 | ||||||||
Diversified Financials 0.2% | ||||||||
Nomura Holdings, Inc. | 432,500 | 3,048 | ||||||
Energy 0.1% | ||||||||
Inpex Corp. | 136 | 1,111 | ||||||
Food & Staples Retailing 0.2% | ||||||||
Seven & i Holdings Co., Ltd. | 122,203 | 2,675 | ||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Japan Tobacco, Inc. | 732 | 2,054 | ||||||
Kirin Holdings Co., Ltd. | 136,000 | 2,220 | ||||||
4,274 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Terumo Corp. | 25,000 | 1,316 | ||||||
Household & Personal Products 0.1% | ||||||||
Kao Corp. | 78,619 | 1,751 | ||||||
Insurance 0.3% | ||||||||
Mitsui Sumitomo Insurance Group Holdings, Inc. | 66,562 | 1,549 | ||||||
Tokio Marine Holdings, Inc. | 121,999 | 3,120 | ||||||
4,669 | ||||||||
Materials 0.7% | ||||||||
JFE Holdings, Inc. | 75,700 | 2,466 | ||||||
Nippon Steel Corp. | 870,000 | 3,319 | ||||||
Shin-Etsu Chemical Co., Ltd. | 57,560 | 3,052 | ||||||
Sumitomo Metal Industries Ltd. | 542,000 | 1,385 | ||||||
10,222 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Astellas Pharma, Inc. | 71,370 | 2,628 | ||||||
Chugai Pharmaceutical Co., Ltd. | 32,900 | 644 | ||||||
Daiichi Sankyo Co., Ltd. | 100,500 | 1,963 | ||||||
Eisai Co., Ltd. | 40,000 | 1,421 | ||||||
Takeda Pharmaceutical Co., Ltd. | 110,900 | 4,435 | ||||||
11,091 | ||||||||
Real Estate 0.4% | ||||||||
Mitsubishi Estate Co., Ltd. | 187,502 | 2,832 | ||||||
Mitsui Fudosan Co., Ltd. | 131,777 | 2,132 | ||||||
4,964 | ||||||||
Retailing 0.1% | ||||||||
Fast Retailing Co., Ltd. | 9,000 | 1,481 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Tokyo Electron Ltd. | 26,500 | 1,491 | ||||||
Software & Services 0.4% | ||||||||
Nintendo Co., Ltd. | 17,239 | 4,324 | ||||||
Yahoo! Japan Corp. | 2,178 | 667 | ||||||
4,991 | ||||||||
Technology Hardware & Equipment 1.8% | ||||||||
Canon, Inc. | 178,995 | 6,749 | ||||||
FUJIFILM Holdings Corp. | 72,811 | 2,070 | ||||||
Fujitsu Ltd. | 302,000 | 1,778 | ||||||
Hitachi Ltd. | 501,079 | 1,618 | ||||||
Hoya Corp. | 66,507 | 1,464 | ||||||
Keyence Corp. | 6,200 | 1,231 | ||||||
Kyocera Corp. | 26,600 | 2,231 | ||||||
Murata Manufacturing Co., Ltd. | 31,574 | 1,541 | ||||||
Nidec Corp. | 16,800 | 1,418 | ||||||
Ricoh Co., Ltd. | 94,000 | 1,277 | ||||||
Toshiba Corp. | 602,178 | 3,442 | ||||||
24,819 | ||||||||
Telecommunication Services 0.9% | ||||||||
KDDI Corp. | 480 | 2,548 | ||||||
Nippon Telegraph & Telephone Corp. | 84,378 | 3,482 | ||||||
NTT DoCoMo, Inc. | 2,404 | 3,486 | ||||||
SOFTBANK Corp. | 137,600 | 3,242 | ||||||
12,758 | ||||||||
Transportation 0.4% | ||||||||
Central Japan Railway Co. | 268 | 1,785 | ||||||
East Japan Railway Co. | 54,760 | 3,507 | ||||||
5,292 | ||||||||
Utilities 1.0% | ||||||||
Chubu Electric Power Co., Inc. | 102,100 | 2,279 | ||||||
Kyushu Electric Power Co., Inc. | 64,493 | 1,317 | ||||||
The Kansai Electric Power Co., Inc. | 116,000 | 2,506 | ||||||
The Tokyo Electric Power Co., Inc. | 181,890 | 4,471 | ||||||
Tohoku Electric Power Co., Inc. | 72,800 | 1,495 | ||||||
Tokyo Gas Co., Ltd. | 363,201 | 1,439 | ||||||
13,507 | ||||||||
200,100 | ||||||||
Netherlands 2.6% | ||||||||
Capital Goods 0.4% | ||||||||
European Aeronautic Defence & Space Co. | 61,252 | 1,147 | ||||||
Koninklijke (Royal) Philips Electronics N.V. | 156,362 | 3,928 | ||||||
5,075 | ||||||||
Diversified Financials 0.3% | ||||||||
ING Groep N.V. CVA * | 333,590 | 4,341 | ||||||
Food & Staples Retailing 0.2% | ||||||||
Koninklijke Ahold N.V. | 192,276 | 2,422 | ||||||
Food, Beverage & Tobacco 0.8% | ||||||||
Heineken Holding N.V. | 17,017 | 662 | ||||||
Heineken N.V. | 39,103 | 1,728 | ||||||
Unilever N.V. | 274,655 | 8,463 | ||||||
10,853 | ||||||||
Insurance 0.1% | ||||||||
Aegon N.V. * | 251,125 | 1,785 | ||||||
Materials 0.2% | ||||||||
Akzo Nobel N.V. | 38,912 | 2,297 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASML Holding N.V. | 69,218 | 1,867 | ||||||
Telecommunication Services 0.4% | ||||||||
Koninklijke (Royal) KPN N.V. | 269,026 | 4,880 | ||||||
Transportation 0.1% | ||||||||
TNT N.V. | 56,065 | 1,487 | ||||||
35,007 | ||||||||
Norway 0.5% | ||||||||
Banks 0.1% | ||||||||
DnB NOR A.S.A. * | 117,275 | 1,343 | ||||||
Energy 0.3% | ||||||||
StatoiHydro A.S.A. | 191,911 | 4,522 | ||||||
Telecommunication Services 0.1% | ||||||||
Telenor A.S.A. * | 117,795 | 1,519 | ||||||
7,384 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Portugal 0.2% | ||||||||
Energy 0.1% | ||||||||
Galp Energia, SGPS, S.A., B Shares | 44,444 | 749 | ||||||
Utilities 0.1% | ||||||||
EDP — Energias de Portugal S.A. | 377,876 | 1,671 | ||||||
2,420 | ||||||||
Singapore 0.9% | ||||||||
Banks 0.5% | ||||||||
DBS Group Holdings Ltd. | 264,246 | 2,420 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 437,552 | 2,358 | ||||||
United Overseas Bank Ltd. | 201,233 | 2,412 | ||||||
7,190 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Wilmar International Ltd. | 277,000 | 1,221 | ||||||
Real Estate 0.1% | ||||||||
Capitaland Ltd. | 503,000 | 1,459 | ||||||
Telecommunication Services 0.1% | ||||||||
Singapore Telecommunications Ltd. | 1,139,237 | 2,362 | ||||||
Transportation 0.1% | ||||||||
Singapore Airlines Ltd. | 87,000 | 834 | ||||||
13,066 | ||||||||
Spain 5.0% | ||||||||
Banks 2.4% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 614,226 | 10,979 | ||||||
Banco Popular Espanol S.A. | 162,673 | 1,449 | ||||||
Banco Santander S.A. | 1,304,375 | 20,991 | ||||||
33,419 | ||||||||
Capital Goods 0.1% | ||||||||
ACS, Actividades de Construccion y Servicios S.A. | 33,875 | 1,627 | ||||||
Diversified Financials 0.0% | ||||||||
Criteria Caixacorp S.A. | 111,160 | 542 | ||||||
Energy 0.3% | ||||||||
Compania Espanola de Petroleos S.A. | 5,528 | 195 | ||||||
Repsol YPF S.A. | 129,353 | 3,443 | ||||||
3,638 | ||||||||
Insurance 0.0% | ||||||||
Mapfre S.A. | 101,190 | 434 | ||||||
Retailing 0.2% | ||||||||
Industria de Diseno Textil S.A. | 34,317 | 2,014 | ||||||
Telecommunication Services 1.4% | ||||||||
Telefonica S.A. | 662,958 | 18,514 | ||||||
Transportation 0.1% | ||||||||
Abertis Infraestructuras S.A. | 46,952 | 998 | ||||||
Utilities 0.5% | ||||||||
Gas Natural SDG S.A. | 42,673 | 857 | ||||||
Iberdrola Renovables S.A. | 135,889 | 604 | ||||||
Iberdrola S.A. | 637,161 | 5,772 | ||||||
7,233 | ||||||||
68,419 | ||||||||
Sweden 1.9% | ||||||||
Banks 0.6% | ||||||||
Nordea Bank AB | 519,900 | 5,580 | ||||||
Skandinaviska Enskilda Banken AB, A Shares * | 271,211 | 1,643 | ||||||
Svenska Handelsbanken AB, A Shares | 69,876 | 1,806 | ||||||
9,029 | ||||||||
Capital Goods 0.4% | ||||||||
Atlas Copco AB, A Shares | 107,348 | 1,439 | ||||||
Sandvik AB | 171,265 | 1,892 | ||||||
Volvo AB, B Shares | 188,427 | 1,785 | ||||||
5,116 | ||||||||
Retailing 0.3% | ||||||||
Hennes & Mauritz AB, B Shares | 68,432 | 3,887 | ||||||
Technology Hardware & Equipment 0.4% | ||||||||
Telefonaktiebolaget LM Ericsson, B Shares | 478,085 | 4,995 | ||||||
Telecommunication Services 0.2% | ||||||||
TeliaSonera AB | 356,757 | 2,364 | ||||||
25,391 | ||||||||
Switzerland 8.3% | ||||||||
Capital Goods 0.5% | ||||||||
ABB Ltd. — Reg’d * | 372,453 | 6,928 | ||||||
Commercial & Professional Supplies 0.1% | ||||||||
Adecco S.A. — Reg’d | 23,517 | 1,051 | ||||||
SGS S.A. — Reg’d | 754 | 1,007 | ||||||
2,058 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Compagnie Financiere Richemont S.A., Series A | 51,737 | 1,448 | ||||||
Diversified Financials 1.4% | ||||||||
Credit Suisse Group AG — Reg’d | 167,302 | 8,944 | ||||||
Julius Baer Holding AG — Reg’d | 31,583 | 385 | ||||||
UBS AG — Reg’d * | 572,316 | 9,543 | ||||||
18,872 | ||||||||
Food, Beverage & Tobacco 2.0% | ||||||||
Nestle S.A. — Reg’d | 587,104 | 27,301 | ||||||
Insurance 0.5% | ||||||||
Swiss Re — Reg’d | 56,807 | 2,313 | ||||||
Zurich Financial Services AG — Reg’d | 22,875 | 5,238 | ||||||
7,551 | ||||||||
Materials 0.5% | ||||||||
Holcim Ltd. — Reg’d * | 42,300 | 2,692 | ||||||
Syngenta AG — Reg’d | 15,671 | 3,711 | ||||||
6,403 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 3.0% | ||||||||
Novartis AG — Reg’d | 423,440 | 22,050 | ||||||
Roche Holding AG | 112,533 | 18,024 | ||||||
Roche Holding AG — Bearer Shares | 4,288 | 712 | ||||||
40,786 | ||||||||
Telecommunication Services 0.1% | ||||||||
Swisscom AG — Reg’d | 3,760 | 1,357 | ||||||
Transportation 0.1% | ||||||||
Kuehne & Nagel International AG — Reg’d | 8,541 | 774 | ||||||
Utilities 0.0% | ||||||||
Alpig Holding AG — Reg’d | 783 | 358 | ||||||
113,836 | ||||||||
United Kingdom 20.5% | ||||||||
Banks 3.8% | ||||||||
Barclays plc * | 1,773,937 | 9,297 | ||||||
HSBC Holdings plc | 2,788,563 | 30,814 | ||||||
Lloyds Banking Group plc * | 2,370,604 | 3,343 | ||||||
Royal Bank of Scotland Group plc * | 2,730,432 | 1,863 | ||||||
Standard Chartered plc | 261,509 | 6,415 | ||||||
51,732 | ||||||||
Capital Goods 0.4% | ||||||||
BAE Systems plc | 579,039 | 2,977 | ||||||
Rolls-Royce Group plc * | 296,911 | 2,190 | ||||||
Rolls-Royce Group plc, C Shares (a)* | 17,814,660 | 29 | ||||||
5,196 | ||||||||
Consumer Services 0.1% | ||||||||
Compass Group plc | 297,652 | 1,888 | ||||||
Energy 5.1% | ||||||||
BG Group plc | 535,251 | 9,213 | ||||||
BP plc | 2,999,726 | 28,108 | ||||||
Royal Dutch Shell plc, A Share | 588,320 | 17,443 | ||||||
Royal Dutch Shell plc, B Share | 438,079 | 12,611 | ||||||
Tullow Oil plc | 129,089 | 2,501 | ||||||
69,876 | ||||||||
Food & Staples Retailing 0.7% | ||||||||
Tesco plc | 1,280,582 | 8,538 | ||||||
William Morrison Supermarkets plc | 342,461 | 1,570 | ||||||
10,108 | ||||||||
Food, Beverage & Tobacco 2.6% | ||||||||
Associated British Foods plc | 56,501 | 765 | ||||||
British American Tobacco plc | 326,828 | 10,415 | ||||||
Cadbury plc | 219,834 | 2,779 | ||||||
Diageo plc | 396,591 | 6,460 | ||||||
Imperial Tobacco Group plc | 164,040 | 4,834 | ||||||
SABMiller plc | 147,342 | 3,862 | ||||||
Unilever plc | 208,124 | 6,218 | ||||||
35,333 | ||||||||
Household & Personal Products 0.4% | ||||||||
Reckitt Benckiser Group plc | 96,555 | 4,796 | ||||||
Insurance 0.5% | ||||||||
Aviva plc | 423,498 | 2,648 | ||||||
Prudential plc | 393,951 | 3,579 | ||||||
6,227 | ||||||||
Materials 2.3% | ||||||||
Anglo American plc * | 212,855 | 7,702 | ||||||
Antofagasta plc | 62,400 | 786 | ||||||
BHP Billiton plc | 351,633 | 9,474 | ||||||
Rio Tinto plc | 214,680 | 9,491 | ||||||
Xstrata plc * | 309,910 | 4,464 | ||||||
31,917 | ||||||||
Media 0.2% | ||||||||
British Sky Broadcasting Group plc | 171,592 | 1,496 | ||||||
Pearson plc | 130,334 | 1,772 | ||||||
3,268 |
Number of | Value | |||||||
Security | Shares | ($ x 1,000) | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 2.1% | ||||||||
AstraZeneca plc | 231,628 | 10,398 | ||||||
GlaxoSmithKline plc | 832,673 | 17,080 | ||||||
Shire plc | 89,610 | 1,585 | ||||||
29,063 | ||||||||
Telecommunication Services 1.6% | ||||||||
BT Group plc | 1,259,132 | 2,698 | ||||||
Vodafone Group plc | 8,404,590 | 18,523 | ||||||
21,221 | ||||||||
Utilities 0.7% | ||||||||
Centrica plc | 823,040 | 3,343 | ||||||
National Grid plc | 392,585 | 3,889 | ||||||
Scottish & Southern Energy plc | 146,282 | 2,582 | ||||||
9,814 | ||||||||
280,439 | ||||||||
United States 0.1% | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Synthes, Inc. | 9,008 | 1,069 | ||||||
Total Common Stock (Cost $1,034,182) | 1,351,379 | |||||||
Preferred Stock 0.2% of net assets | ||||||||
Germany 0.2% | ||||||||
Automobiles & Components 0.2% | ||||||||
Porsche Automobil Holding SE | 13,600 | 1,040 | ||||||
Volkswagen AG | 16,600 | 1,654 | ||||||
Total Preferred Stock (Cost $3,232) | 2,694 | |||||||
Rights 0.0% of net assets | ||||||||
Belgium 0.0% | ||||||||
Diversified Financials 0.0% | ||||||||
Fortis (a)(b)* | 358,772 | — | ||||||
Total Rights (Cost $—) | — | |||||||
Warrants 0.0% of net assets | ||||||||
Italy 0.0% | ||||||||
Unione di Banche Italiane SCPA * | 102,112 | 10 | ||||||
Total Warrants (Cost $14) | 10 | |||||||
Other Investment Company 0.4% of net assets | ||||||||
United States 0.4% | ||||||||
iShares MSCI EAFE Index Fund | 100,000 | 5,330 | ||||||
Total Other Investment Company (Cost $5,577) | 5,330 | |||||||
Face Amount | Value | |||||||
Security Rate, Maturity Date | ($ x 1,000) | ($ x 1,000) | ||||||
Short-Term Investment 0.5% of net assets | ||||||||
Commercial Paper & Other Obligation 0.5% | ||||||||
Wells Fargo, San Francisco Time Deposit 0.03%, 11/02/09 | 6,191 | 6,191 | ||||||
Total Short-Term Investment (Cost $6,191) | 6,191 | |||||||
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(b) | Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets. | |
CVA | – Dutch Certificate | |
Reg’d | – Registered |
Schwab Small-Cap Index Fund
Schwab Total Stock Market Index Fund
Schwab International Index Fund
Schwab Fundamental US Large Company Index Fund
Schwab Fundamental US Small-Mid Company Index Fund
Schwab Fundamental International Large Company Index Fund
Schwab Fundamental International Small-Mid Company Index Fund
Schwab Fundamental Emerging Markets Index Fund
December 16, 2009
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Randall W. Merk and Registrant’s Principal Financial Officer, George Pereira, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. | |
(b) | During the second fiscal quarter of the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
(a) | (1) Registrant’s code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached. |
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. | ||
(3) | Not applicable. |
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission. |
Randall W. Merk
Chief Executive Officer
Randall W. Merk
Chief Executive Officer
George Pereira
Principal Financial Officer