Item 1. Report to Shareholders
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
June 30, 2004
Certified Semiannual Report
This report is certified under the Sarbanes-Oxley Act of 2002, which requires
that public companies, including mutual funds, affirm that the information
provided in their annual and semiannual shareholder reports fully and fairly
represents their financial position.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited)
FINANCIAL HIGHLIGHTS For a share outstanding throughout each period
- --------------------------------------------------------------------------------
6 Months Year
Ended Ended
6/30/04 12/31/03 12/31/02 12/31/01 12/31/00 12/31/99
NET ASSET VALUE
Beginning of
period $ 11.27 $ 7.94 $ 9.77 $ 11.12 $ 14.05 $ 11.02
Investment
activities
Net investment
income (loss) 0.04 0.07 0.06 0.10 0.09 0.10
Net realized
and unrealized
gain (loss) 0.63 3.33 (1.83) (1.17) (2.26) 3.56
Total from
investment
activities 0.67 3.40 (1.77) (1.07) (2.17) 3.66
Distributions
Net investment
income -- (0.07) (0.06) (0.10) (0.09) (0.10)
Net realized
gain -- -- -- (0.18) (0.67) (0.53)
Total
distributions -- (0.07) (0.06) (0.28) (0.76) (0.63)
NET ASSET VALUE
End of period $ 11.94 $ 11.27 $ 7.94 $ 9.77 $ 11.12 $ 14.05
---------------------------------------------------------------
Ratios/
Supplemental
Data
Total return^ 5.94% 42.85% (18.12)% (9.55)% (15.58)% 33.72%
Ratio of
total expenses
to average
net assets 0.40%+ 0.40% 0.40% 0.40% 0.40% 0.40%
Ratio of net
investment income
(loss) to average
net assets 0.70%+ 0.89% 0.74% 0.96% 0.78% 1.04%
Portfolio
turnover rate 9.4%+ 8.5% 21.0% 31.3% 30.5% 23.4%
Net assets,
end of period
(in thousands) $ 138,742 $ 118,880 $ 66,658 $ 77,331 $ 86,322 $ 54,219
^ Total return reflects the rate that an investor would have earned on an
investment in the fund during each period, assuming reinvestment of all
distributions and payment of no redemption or account fees.
+ Annualized
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited) June 30, 2004
PORTFOLIO OF INVESTMENTS (1) Shares/$ Par Value
- --------------------------------------------------------------------------------
(Cost and value in $ 000s)
COMMON STOCKS 95.8%
CONSUMER DISCRETIONARY 18.2%
Auto Components 0.6%
Lear 2,900 171
Gentex 3,000 119
Borg-Warner 2,200 96
American Axle & Manufacturing Holdings 2,200 80
Arvinmeritor 3,225 63
Drew Industries * 1,200 49
Modine Manufacturing 1,300 41
Bandag 700 31
Sauer-Danfoss 1,800 31
Keystone Automotive * 1,100 31
Aftermarket Technology * 1,800 30
Superior Industries International (ss.) 700 23
IMPCO Technologies *(ss.) 2,900 18
Collins & Aikman *(ss.) 2,900 16
Standard Motor Products 1,100 16
Noble International 500 12
Tower Automotive *(ss.) 3,300 12
Rockford Corporation *(ss.) 2,600 12
Sports Resorts International *(ss.) 2,900 11
Amcast Industrial *(ss.) 2,200 6
Dura Automotive Systems * 500 5
Universal Automotive * 3,200 3
Edelbrock (ss.) 100 2
878
Automobiles 0.2%
Thor Industries 2,200 74
Winnebago (ss.) 1,200 45
Monaco Coach 1,500 42
Fleetwood * 2,500 36
National RV Holdings * 1,600 24
Coachmen Industries 700 11
232
Distributors 0.1%
WESCO International *(ss.) 2,300 42
Handleman 1,300 30
Source Information Management * 1,900 21
Advanced Marketing Services (ss.) 900 12
ACR Group *(ss.) 3,300 6
Eagle Supply Group *(ss.) 2,100 5
Transnet 2,200 4
Educational Development 300 3
123
Hotels, Restaurants & Leisure 2.8%
Royal Caribbean Cruises (ss.) 8,010 347
MGM Mirage * 6,296 296
Caesars Entertainment * 12,500 188
Mandalay Resort Group 2,700 185
Wynn Resorts *(ss.) 3,500 135
Station Casinos 2,750 133
Outback Steakhouse 3,200 132
Brinker *(ss.) 3,850 131
GTECH 2,400 111
International Speedway, Class A 2,100 102
Boyd Gaming 3,200 85
The Cheesecake Factory * 2,050 82
Choice Hotels International 1,600 80
Applebee's 3,375 78
Ruby Tuesday 2,800 77
Cracker Barrel 2,400 74
Cedar Fair (ss.) 2,300 73
Speedway Motorsports (ss.) 1,800 60
Argosy Gaming * 1,600 60
La Quinta Properties * 6,500 55
Sonic * 2,362 54
Gaylord Entertainment *(ss.) 1,700 53
Penn National Gaming * 1,600 53
PF Chang's China Bistro *(ss.) 1,200 49
Aztar * 1,700 48
Shuffle Master *(ss.) 1,299 47
Rare Hospitality International * 1,850 46
Krispy Kreme *(ss.) 2,400 46
Jack In The Box * 1,500 45
Scientific Games *(ss.) 2,300 44
Alliance Gaming *(ss.) 2,400 41
Bob Evans Farms 1,500 41
CEC Entertainment * 1,350 40
IHOP (ss.) 1,100 39
Landry's Seafood Restaurant 1,300 39
WMS Industries *(ss.) 1,300 39
Panera Bread, Class A *(ss.) 1,000 36
Ameristar Casinos 1,000 34
CKR Restaurants *(ss.) 2,450 33
Papa John's International *(ss.) 1,100 33
Multimedia Games *(ss.) 1,200 32
Six Flags * 4,400 32
Boca Resorts *(ss.) 1,600 32
Triarc, Class B (ss.) 2,900 29
Vail Resorts * 1,500 29
Ryans Restaurant * 1,700 27
MTR Gaming Group * 2,300 25
Lone Star Steakhouse & Saloon 900 24
Pinnacle Entertainment * 1,900 24
Frisch's Restaurants 800 24
Famous Dave's of America * 3,000 23
Dave & Buster * 1,200 23
Marcus 1,300 22
Prime Hospitality * 2,000 21
O' Charley's * 1,200 21
Churchill Downs 500 20
Isle of Capri Casinos * 1,100 19
California Pizza Kitchen * 900 17
Red Robin Gourmet Burgers *(ss.) 600 16
Steak 'N Shake * 900 16
BUCA *(ss.) 2,400 13
Dover Motorsports 3,100 12
Archon Corporation *(ss.) 1,400 8
Bally Total Fitness Holdings *(ss.) 1,500 8
Diamondhead Casino * 10,500 7
Dover Downs Gaming & Entertainment 490 6
Golf Trust of America * 1,900 5
Wyndham International, Class A * 4,400 4
Schlotzsky's *(ss.) 2,100 4
Bowl America, Class A 300 4
Paul-Son Gaming * 600 2
3,893
Household Durables 1.9%
Lennar, Class A (ss.) 6,628 296
D. R. Horton 10,013 284
Harman International 2,740 249
Mohawk Industries * 2,954 217
NVR *(ss.) 280 136
Toll Brothers *(ss.) 2,900 123
MDC Holdings 1,504 96
Hovnanian Enterprises *(ss.) 2,440 85
Ryland Group 930 73
Yankee Candle Company * 2,400 70
American Greetings, Class A * 3,000 69
Standard Pacific 1,400 69
Blyth Industries 2,000 69
Furniture Brands International 2,300 58
Beazer Homes (ss.) 550 55
Ethan Allen Interiors (ss.) 1,500 54
Meritage *(ss.) 700 48
La-Z Boy (ss.) 2,600 47
Tupperware 2,400 47
Jarden * 1,250 45
Champion Enterprises *(ss.) 4,800 44
Helen of Troy Limited *(ss.) 1,100 40
Rayovac * 1,400 39
Technical Olympic USA (ss.) 1,650 37
WCI Communities * 1,600 36
Brookfield Homes 1,200 31
Kimball International 1,600 24
Department 56 * 1,400 22
Russ Berrie 1,100 21
Flexsteel Industries 900 21
Stanley Furniture 500 21
Universal Electronics * 1,200 21
Palm Harbor Homes *(ss.) 1,100 19
Knape & Vogt Manufacturing 1,400 18
Libbey 600 17
Skyline 400 16
Enesco Group * 1,800 16
Applica * 1,300 12
Emerson Radio Corporation *(ss.) 2,700 8
Foamex International *(ss.) 1,700 8
Brillian *(ss.) 237 2
Oneida *(ss.) 500 1
2,664
Internet & Catalog Retail 1.0%
Amazon.com *(ss.) 17,100 930
Netflix *(ss.) 2,400 86
priceline.com *(ss.) 2,033 55
GSI Commerce * 3,700 36
Coldwater Creek * 1,275 34
Insight Enterprises * 1,900 34
Overstock.com *(ss.) 700 27
Blue Nile * 700 26
J. Jill Group * 1,050 25
ValueVision International * 1,600 21
1-800-Flowers.com * 2,500 20
Alloy Online *(ss.) 3,200 20
Ideamall *(ss.) 500 9
Drugstore.com * 2,600 9
Bluefly * 2,600 6
Hollywood Media *(ss.) 1,300 5
Sportsmans Guide *(ss.) 200 5
Mediabay * 3,800 1
1,349
Leisure Equipment & Products 0.4%
Polaris Industries (ss.) 1,900 91
Marvel Enterprises *(ss.) 4,199 82
SCP Pool 1,075 48
Oakley 3,400 44
Callaway Golf 3,800 43
JAKKS Pacific *(ss.) 1,300 27
Nautilus Group (ss.) 1,337 26
RC2 Corporation * 700 25
Leapfrog Enterprises *(ss.) 1,200 24
Arctic Cat 857 24
K2 * 1,500 23
MarineMax * 800 23
Steinway Musical Instruments * 600 21
Action Performance (ss.) 1,200 18
Johnson Outside * 700 14
Boyds Collection *(ss.) 2,700 9
Travis Boats And Motors * 7,800 6
548
Media 6.2%
Liberty Media, Class A * 121,575 1,093
DIRECTV * 58,279 997
Cox Communications* 25,045 696
Fox Entertainment Group* 18,100 483
Washington Post, Class B 400 372
Scripps, Class A 3,320 349
EchoStar Communications,
Class A * 10,400 320
Liberty Media, Series A* 5,683 211
XM Satellite Radio Holdings, Class A *(ss.) 7,500 205
Cablevision Systems, Class A *(ss.) 9,260 182
Pixar *(ss.) 2,500 174
Sirius Satellite Radio *(ss.) 48,700 150
Lamar Advertising, Class A * 3,400 147
Getty Images * 2,400 144
PanAmSat *(ss.) 5,900 137
Belo Corporation 5,000 134
McClatchy 1,900 133
Unitedglobalcom * 16,800 122
Metro Goldwyn Mayer *(ss.) 10,000 121
Lee Enterprises 2,200 106
Westwood One * 4,100 98
Gemstar TV Guide *(ss.) 18,900 91
Harte-Hanks 3,550 87
Entercom Communications * 2,300 86
Hearst-Argyle Television 3,191 82
Citadel Broadcasting * 5,500 80
John Wiley & Sons 2,500 80
Radio One * 4,400 71
Valassis Communications * 2,300 70
R.H. Donnelley * 1,600 70
Grey Advertising 70 69
Hollinger International (ss.) 4,000 67
Interactive Data * 3,700 64
Media General 1,000 64
Reader's Digest, Class A 3,900 62
Journal Communications 3,200 60
Arbitron * 1,600 58
Charter Communications *(ss.) 13,400 52
Scholastic * 1,600 48
ADVO 1,350 44
Emmis Communications, Class A * 2,100 44
Catalina Marketing *(ss.) 2,250 41
Journal Register * 2,000 40
Regal Entertainment Group (ss.) 2,100 38
Liberty 800 38
Cumulus Media, Class A * 2,005 34
Information Holdings * 1,200 33
Salem Communications, Class A * 1,200 32
LIN TV * 1,500 32
ProQuest *(ss.) 1,100 30
Cox Radio, Class A * 1,700 29
Entravision Communications * 3,844 29
Mediacom Communications *(ss.) 3,700 29
TiVo *(ss.) 4,000 28
Primedia * 9,236 26
Harris Interactive * 3,600 24
Crown Media *(ss.) 2,700 23
Sinclair Broadcast Group, Class A (ss.) 2,200 23
Insight Communications, Class A *(ss.) 2,400 22
Cadmus Communications 1,500 22
AMC Entertainment * 1,400 21
Saga Communications * 1,150 21
Daily Journal * 600 20
Fisher Companies * 400 20
Pulitzer 400 20
4Kids Entertainment *(ss.) 800 19
Regent Communications * 3,000 19
Young Broadcasting, Class A *(ss.) 1,400 18
LodgeNet Entertainment *(ss.) 1,100 18
Beasley Broadcast Group * 1,200 18
Spanish Broadcasting, Class A * 1,900 18
Navarre *(ss.) 1,200 17
Playboy Enterprises, Class B *(ss.) 1,400 16
Paxson Communications * 4,500 15
Value Line (ss.) 400 14
Acme Communications * 1,700 12
Equity Marketing * 800 10
APAC TeleServices *(ss.) 5,100 9
Digital Generation Systems * 5,200 8
Pegasus Communications, Class A *(ss.) 200 5
Rentrak * 500 5
Insignia Systems * 700 1
Penton Media * 1,700 1
8,621
Multiline Retail 0.6%
Kmart *(ss.) 3,900 280
Dollar Tree Stores * 5,225 143
Neiman Marcus, Class A 2,300 128
Saks 5,675 85
Tuesday Morning * 1,600 46
99 Cents Only Stores *(ss.) 2,665 41
Fred's (ss.) 1,525 34
Bon-Ton Stores (ss.) 1,600 23
Shopko Stores *(ss.) 1,600 23
803
Specialty Retail 3.3%
PETsMART 5,800 188
Weight Watchers *(ss.) 4,500 176
Ross Stores 6,300 169
Chico's * 3,700 167
Williams-Sonoma * 4,900 162
Abercrombie & Fitch, Class A 4,000 155
Michaels Stores 2,700 149
Foot Locker 5,900 144
Advanced Auto Parts * 3,112 137
CarMax * 4,600 101
O'Reilly Automotive *(ss.) 2,200 99
Rent-A-Center * 3,150 94
Talbots 2,400 94
Barnes & Noble * 2,700 92
Urban Outfitters *(ss.) 1,500 91
Regis 2,000 89
American Eagle Outfitters * 2,900 84
Claire's Stores 3,800 82
Petco * 2,400 77
TSC 1,800 75
Pier 1 Imports 4,000 71
Borders Group 3,000 70
Aeropostale * 2,550 69
Zale * 2,400 65
Pacific Sunwear * 3,325 65
Pep Boys (ss.) 2,400 61
Hot Topic * 2,450 50
Linens 'n Things * 1,700 50
United Auto Group 1,600 49
Select Comfort * 1,700 48
Men's Wearhouse * 1,800 48
Dicks Sporting Goods *(ss.) 1,400 47
Charming Shoppes * 5,200 46
Guitar Center * 1,000 44
Stein Mart * 2,700 44
Trans World Entertainment *(ss.) 4,200 42
Aaron Rents, Class B 1,250 41
Burlington Coat Factory 2,100 41
Payless Shoesource * 2,715 40
Stage Stores * 1,000 38
West Marine *(ss.) 1,400 38
Hibbett Sporting Goods * 1,312 36
Big 5 Sporting Goods * 1,300 34
Asbury Automotive Group * 2,200 33
The Children's Place * 1,400 33
Cost Plus * 1,000 32
Aaron Rents, Class A 1,050 32
Hollywood Entertainment * 2,300 31
Blockbuster (ss.) 2,000 30
bebe stores *(ss.) 1,500 30
Restoration Hardware *(ss.) 4,100 30
Winmark * 1,200 30
Cato Corporation 1,300 29
CSK Auto * 1,700 29
Dress Barn * 1,700 29
Electronics Boutique Holdings *(ss.) 1,100 29
Sonic Automotive, Class A 1,300 29
The Sports Authority (ss.) 796 29
Genesco * 1,200 28
Buckle 1,000 28
Guess ? * 1,700 27
Christopher & Banks 1,512 27
Too * 1,600 27
Group One Automotive * 800 27
E Com * 2,900 27
TBC Corporation * 1,100 26
Charlotte Russe Holding * 1,200 26
Movie Gallery (ss.) 1,300 25
Sharper Image *(ss.) 800 25
Lithia Motors 1,000 25
AC Moore Arts & Crafts * 800 22
The Finish Line, Class A * 700 21
Hancock Fabrics 1,600 20
Party City * 1,500 19
Rent Way *(ss.) 2,000 18
Haverty Furniture 1,000 17
Gymboree * 1,100 17
Mothers Work *(ss.) 700 14
Rex Stores * 1,150 14
Cole National *(ss.) 600 14
Shoe Carnival * 900 14
Tweeter Home Entertainment Group * 2,500 14
Finlay Enterprises * 700 13
Syms *(ss.) 1,400 13
Building Materials Holdings 600 11
Pomeroy Computer Resources 900 11
Wet Seal *(ss.) 1,875 10
Whitehall Jewellers *(ss.) 1,200 9
Wilsons Leather * 1,900 7
Ultimate Electronics *(ss.) 1,000 5
United Retail Group * 1,000 3
4,621
Textiles, Apparel, &
Luxury Goods 1.1%
Coach * 8,000 362
Polo Ralph Lauren 4,200 145
Timberland, Class A * 1,600 103
Columbia Sportswear * 1,650 90
Fossil * 3,087 84
Quiksilver * 2,700 64
Kellwood 1,200 52
Brown Group 1,100 45
K-Swiss (ss.) 2,000 40
Wolverine World Wide 1,300 34
Stride Rite 2,800 31
Maxwell Shoe * 1,200 28
Movado Group 1,600 28
Cherokee (ss.) 1,100 28
Kenneth Cole Productions 800 27
UniFirst 900 26
Saucony (ss.) 1,200 25
Russell (ss.) 1,400 25
Phillips-Van Heusen 1,300 25
Madden Steven * 1,200 24
Oshkosh B'Gosh 900 23
Weyco Group (ss.) 600 21
Haggar 1,000 20
Tandy Brands 1,400 19
Superior Uniform Group (ss.) 1,200 19
Culp * 2,400 19
Cutter & Buck 1,500 16
Quaker Fabric 1,900 15
Lazare Kaplan International * 1,600 14
Mossimo * 3,300 12
Unifi * 3,200 9
Forward Industries * 2,300 6
Burke Mills * 3,800 5
Charles & Colvard *(ss.) 700 4
Giant Group * 1,800 4
Movie Star * 2,500 4
Marisa Christina * 2,700 3
Tarrant Apparel *(ss.) 2,400 3
1,502
Total Consumer Discretionary 25,234
CONSUMER STAPLES 3.5%
Beverages 0.3%
Constellation Brands * 4,600 171
PepsiAmericas 6,400 136
Midwest Grain Products (ss.) 900 35
Coca-Cola Bottling 500 29
National Beverage * 2,000 20
Chalone Wine Group *(ss.) 1,500 16
Robert Mondavi * 400 15
Willamette Valley Vineyards *(ss.) 2,700 6
428
Food & Staples Retailing 0.7%
Whole Foods Market 2,600 248
Rite Aid * 21,900 114
7-Eleven * 4,200 75
BJ's Wholesale Club * 2,600 65
Nash Finch (ss.) 2,200 55
United Natural Foods * 1,800 52
Performance Food Group *(ss.) 1,900 51
Longs Drug Stores (ss.) 1,600 38
Ruddick 1,700 38
Weis Markets 1,000 35
Casey's General Stores 1,900 35
Great Atlantic & Pacific Tea Company *(ss.) 2,900 22
Smart & Final * 1,800 22
Marsh Supermarkets (ss.) 1,500 20
Wild Oats Markets *(ss.) 1,400 20
Duane Reade * 1,100 18
Arden Group (ss.) 200 18
Pathmark Stores * 2,000 15
PriceSmart *(ss.) 1,500 10
Fresh Brands 800 6
957
Food Products 1.8%
Kraft Foods 11,500 364
Tyson Foods 14,719 308
Dean Foods * 6,358 237
Hormel Foods 5,500 171
Bunge Limited 4,300 168
Smithfield Foods * 4,300 127
J.M. Smucker Company 2,336 107
Del Monte Foods * 8,600 87
Pilgrim's Pride (ss.) 2,700 78
Corn Products International (ss.) 1,500 70
Lancaster Colony 1,600 67
Tootsie Roll Industries 1,993 65
Fresh Del Monte Produce (ss.) 2,500 63
Flowers Foods 1,710 45
Chiquita Brands * 2,100 44
Ralcorp Holdings * 1,200 42
Sanderson Farms (ss.) 750 40
Delta Pine & Land 1,700 37
Central Garden & Pet * 900 32
Rocky Mountain Chocolate Factory 2,422 31
Lifeway Foods *(ss.) 1,800 27
Riviana Foods 1,000 26
Seabord 50 25
Zapata Corporation * 400 25
Alico (ss.) 600 24
Peet's Coffee & Tea * 900 23
Interstate Bakeries 1,900 21
J & J Snack Foods * 500 20
Maui Land & Pineapple *(ss.) 600 20
Hain Celestial Group * 1,100 20
Farmer Bros. (ss.) 700 19
American Italian Pasta, Class A (ss.) 600 18
Lance 1,100 17
Green Mountain Coffee Roasters *(ss.) 800 15
Bridgford Foods (ss.) 1,000 8
Cuisine Solutions * 4,500 8
2,499
Household Products 0.2%
Energizer * 3,400 153
Church & Dwight 1,700 78
Oil-Dri 1,800 30
Katy Industries * 1,700 8
269
Personal Products 0.4%
Estee Lauder, Class A 5,200 254
NBTY * 2,800 82
Nu Skin Asia Pacific, Class A (ss.) 2,900 73
Chattem *(ss.) 1,300 38
Inter Parfums (ss.) 1,800 37
Elizabeth Arden * 1,600 34
Playtex Products * 3,000 23
Del Laboratories 551 17
Revlon *(ss.) 1,300 4
562
Tobacco 0.1%
Universal Corporation 1,200 61
Vector Group (ss.) 1,610 26
Standard Commercial 900 16
DiMon 1,900 11
Star Scientific *(ss.) 2,500 10
124
Total Consumer Staples 4,839
ENERGY 5.1%
Energy Equipment & Services 2.0%
GlobalSantaFe 9,759 259
Weatherford International * 5,490 247
Smith International * 4,100 229
ENSCO International 5,900 172
Diamond Offshore Drilling (ss.) 5,200 124
Cooper Cameron * 2,300 112
Patterson-UTI Energy 3,300 110
National Oilwell * 3,400 107
Varco International * 4,311 94
Pride International * 5,500 94
Grant Prideco * 5,090 94
FMC Technologies * 2,800 81
Tidewater 2,400 72
Unit * 2,100 66
Dawson Geophysical *(ss.) 2,900 63
Maverick Tube * 1,900 50
Helmerich & Payne 1,900 50
Key Energy Services * 5,100 48
Carbo Ceramics (ss.) 600 41
Universal Compression Holdings * 1,300 40
Seacor Smit * 900 40
Cal Dive International * 1,300 39
Veritas DGC *(ss.) 1,700 39
Lone Star Technologies * 1,310 36
Oil States International * 2,300 35
Hanover Compressor *(ss.) 2,900 34
Oceaneering International * 1,000 34
NS Group * 2,000 33
Hydril * 900 28
W-H Energy Services * 1,400 27
Superior Energy * 2,700 27
Dril-Quip * 1,400 26
Offshore Logistics * 900 25
Gulfmark Offshore * 1,600 25
Parker Drilling * 6,500 25
Grey Wolf * 5,800 25
Input/Output *(ss.) 2,900 24
Gulf Island Fabrication 1,100 24
Global Industries * 4,000 23
TETRA Technologies * 750 20
Matrix Service *(ss.) 2,200 20
Newpark Resources * 3,000 19
Atwood Oceanics * 400 17
Omni Energy Services *(ss.) 1,900 10
NATCO Group * 1,200 9
Torch Offshore * 2,500 7
Petroleum Helicopters *(ss.) 300 6
Trico Marine Services * 3,100 1
Horizon Offshore *(ss.) 1,300 1
2,832
Oil & Gas 3.1%
XTO Energy 10,857 323
Murphy Oil 4,060 299
Enterprise Products Partners *(ss.) 8,600 183
Pioneer Natural Resources 4,700 165
Chesapeake Energy 9,800 144
Premcor * 3,700 139
Ultra Petroleum * 3,600 134
Newfield Exploration * 2,400 134
Pogo Producing 2,600 129
Noble Energy 2,200 112
Teppco Partners *(ss.) 2,600 99
Western Gas Resources (ss.) 3,000 98
Quicksilver Resources *(ss.) 1,400 94
Evergreen Resources * 2,000 81
Plains All American Pipeline *(ss.) 2,400 80
Patina Oil & Gas 2,574 77
Kinder Morgan Management 1,960 72
Tesoro Petroleum * 2,500 69
Cabot Oil & Gas 1,600 68
Plains Exploration & Production * 3,606 66
Houston Exploration * 1,200 62
Cimarex Energy * 2,040 62
Forest Oil * 2,100 57
KCS Energy * 4,300 57
Buckeye Partners * 1,400 57
Petroleum Development *(ss.) 2,000 55
Spinnaker Exploration * 1,300 51
Stone Energy * 1,100 50
General Maritime *(ss.) 1,700 47
St. Mary Land Exploration 1,300 46
Hugoton Royalty Trust (ss.) 2,000 46
Vintage Petroleum 2,600 44
Southwestern Energy * 1,500 43
OMI 3,600 43
BP Prudhoe Bay Royalty Trust (ss.) 1,300 42
Swift Energy * 1,900 42
Denbury Resources * 2,000 42
Giant Industries *(ss.) 1,900 42
Magellan Midstream Partners *(ss.) 800 41
Range Resources 2,600 38
World Fuel Services 800 36
Remington Oil & Gas * 1,500 35
Adams Resources & Energy 2,300 34
Edge Petroleum *(ss.) 2,000 34
Frontier Oil (ss.) 1,600 34
Magnum Hunter Resources *(ss.) 3,200 33
Syntroleum *(ss.) 4,900 32
TC Pipelines * 1,000 32
Prima Energy * 800 32
Encore Aquisition * 1,100 31
Berry Petroleum 1,000 29
Meridian Resource *(ss.) 4,200 29
Penn Virginia 800 29
Markwest Hydrocarbon 2,350 28
Comstock Resources * 1,400 27
Plains Resources * 1,600 27
Cross Timbers Royalty Trust (ss.) 953 26
Kaneb Services * 900 25
Carrizo Oil & Gas * 2,300 24
Energy Partners *(ss.) 1,500 23
Whiting Petroleum * 800 20
Gmx Resources *(ss.) 2,300 18
Castle Energy 1,400 18
Callon Petroleum *(ss.) 1,200 17
Maritrans (ss.) 1,100 17
TransMontaigne * 2,900 16
PYR Energy *(ss.) 7,400 9
Beta Oil & Gas * 1,350 9
Magellan Petroleum * 5,100 7
Georesources *(ss.) 3,100 6
Harken Energy * 8,500 4
4,274
Total Energy 7,106
FINANCIALS 24.6%
Capital Markets 1.4%
Legg Mason 2,800 255
AmeriTrade * 17,300 196
SEI 4,700 137
Allied Capital (ss.) 5,400 132
Eaton Vance 3,100 118
Investor's Financial Services 2,700 118
A.G. Edwards 3,100 106
John Nuveen 3,600 96
Waddell & Reed Financial, Class A 4,150 92
Jeffries Group 2,700 83
American Capital Strategies 2,900 81
Affiliated Managers Group *(ss.) 1,500 76
Raymond James Financial 2,850 75
National Financial Partners 1,700 60
Blackrock 900 57
Knight/Trimark Group * 4,600 46
Sanders Morris Harris Group (ss.) 2,600 38
Piper Jaffray *(ss.) 800 36
Harris & Harris Group *(ss.) 2,500 31
Greenhill * 1,200 25
Investment Technology Group * 1,950 25
MCG Capital (ss.) 1,600 25
LaBranche & Co. (ss.) 2,600 22
Gabelli Asset Management (ss.) 500 21
Southwest Securities 1,283 20
International Assets Holding *(ss.) 1,800 18
Westwood Holdings Group (ss.) 620 11
Kirlin Holding * 800 4
2,004
Commercial Banks 5.6%
UnionBancal 6,400 361
National Commerce Financial 8,750 284
Popular 5,900 252
Banknorth Group 7,195 234
Compass Bancshares 5,150 221
TCF Financial 3,200 186
Commerce Bancorp 3,250 179
Hibernia 6,800 165
Mercantile Bankshares 3,500 164
City National 2,200 145
Associated Banc-Corp 4,854 144
Commerce Bancshares 2,963 136
Wilmington Trust 3,000 112
Bank of Hawaii 2,400 109
FirstMerit (ss.) 3,900 103
Colonial BancGroup 5,600 102
Westcorp 2,200 100
BOK Financial 2,536 100
Valley National Bancorp (ss.) 3,925 99
Cullen/Frost Bankers 2,200 98
Fulton Financial 4,768 96
Sky Financial 3,832 95
UCBH Holdings 2,200 87
Provident Financial Group (ss.) 2,200 87
International Bancshares 2,078 84
Cathay Bancorp 1,237 82
FirstBank Puerto Rico 2,000 81
BanCorpSouth (ss.) 3,325 75
WestAmerica 1,400 73
First Midwest Bancorp 2,056 72
Old National Bancorp (ss.) 2,879 71
Whitney Holding 1,600 71
Pacific Capital Bancorp (ss.) 2,488 70
Park National (ss.) 535 68
East West Bancorp 2,200 68
South Financial Group (ss.) 2,354 67
Trustmark 2,300 67
Hudson United Bancorp 1,756 65
Chittenden 1,850 65
United Bankshares 2,000 65
Community First Bankshares 2,000 64
Greater Bay Bancorp (ss.) 2,206 64
Citizens Banking (ss.) 2,000 62
Silicon Valley Bancshares *(ss.) 1,500 59
Texas Regional Bancshares, Class A 1,261 58
Southwest Bancorp 1,300 57
First Citizens Bancshares 450 55
MB Financial 1,400 52
Republic Bancorp 3,596 50
Trustco Bank (ss.) 3,700 48
CVB Financial 2,196 48
Wintrust Financial (ss.) 900 45
Glacier Bancorp 1,612 45
UMB Financial 856 44
Hancock Holding 1,500 44
Santander Bancorp 1,705 42
S&T Bancorp (ss.) 1,300 42
United Community Banks (ss.) 1,650 42
Susquehanna Bancshares 1,650 42
Sterling Financial, (Pennsylvania) (ss.) 1,593 41
F.N.B. (ss.) 1,836 37
First Financial Bancorp (ss.) 2,102 37
First Republic Bank 850 37
First National Bankshares (ss.) 1,891 36
NBT Bancorp 1,580 35
CB Bancshares (ss.) 376 35
Frontier Financial (ss.) 1,000 35
Midsouth Bancorp (ss.) 990 35
Irwin Financial (ss.) 1,300 34
U.S.B. Holding Company (ss.) 1,462 33
Provident Bankshares 1,151 33
PrivateBancorp (ss.) 1,200 33
Chemical Financial 873 32
Prosperity Bancshares (ss.) 1,300 32
First Commonwealth Financial (ss.) 2,400 31
Gold Banc 2,000 31
Community Banks 1,044 31
Oriental Financial Group (ss.) 1,127 30
Amcore Financial 1,000 30
Capital Corp. of the West 771 30
Interchange Financial Services (ss.) 1,200 30
Camden National (ss.) 900 30
National Penn Bancshares (ss.) 987 29
Boston Private Financial (ss.) 1,259 29
WesBanco (ss.) 1,000 29
First Merchants (ss.) 1,083 28
Banner 960 28
Harleysville National (ss.) 1,087 28
Alabama National Bancorp (ss.) 500 28
Peoples Holding (ss.) 800 28
State Bancorp 1,126 27
Midwest Banc Holdings (ss.) 1,200 27
Sterling Bancshares 1,850 26
West Coast Bancorp (ss.) 1,220 26
First Charter 1,200 26
Suffolk Bancorp (ss.) 800 26
Independent Bank 900 26
1st Source (ss.) 1,041 26
SY Bancorp (ss.) 1,100 26
First Financial Bankshares (ss.) 612 26
Arrow Financial (ss.) 840 26
Community Bankshares of Indiana 1,100 26
Farmers Capital Bank (ss.) 700 25
Sandy Spring Bancorp (ss.) 700 24
Union Bankshares (ss.) 753 24
Signature Bank * 1,000 24
Southwest Bancorp, (Oklahoma) 1,300 24
IBERIABANK 400 24
Umpqua Holdings Corporation (ss.) 1,100 23
First Community Bancorp 600 23
CoBiz (ss.) 1,650 23
BWC Financial 1,025 23
Main Street Banks (ss.) 800 22
City Holding Company 700 22
Second Bancorp 700 22
Franklin Bank 1,100 22
Mid-State Bancshares (ss.) 900 21
The Savannah Bancorp 740 21
First of Long Island (ss.) 450 21
Omega Financial 600 21
First Indiana (ss.) 1,075 20
Summit Bancshares (ss.) 700 20
Unizan Financial (ss.) 776 20
Century Bancorp (ss.) 600 20
Northern States Financial (ss.) 700 19
MidWestOne Financial 1,000 18
Center Bancorp (ss.) 1,470 16
Westbank (ss.) 882 16
First M & F Corporation (ss.) 500 16
First United (ss.) 800 16
German American Bancorp (ss.) 889 15
Greater Community Bancorp (ss.) 1,025 15
Northrim Bank 700 14
FNB (ss.) 700 14
Integra Bank 600 13
Redwood Empire Bancorp (ss.) 450 11
Bay View Capital 4,800 10
Codorus VY Bancorp (ss.) 420 8
BancTrust Financial Group 400 7
BNC Corp Inc. * 300 5
Abigail Adams 200 3
7,780
Consumer Finance 0.5%
Student Loan Corporation 1,020 139
AmeriCredit * 6,600 129
First Marblehead *(ss.) 2,700 109
WFS Financial 1,800 89
CompuCredit * 2,400 42
First Cash * 1,800 39
Metris Companies *(ss.) 4,050 35
Cash America Investments 1,400 32
Advanta 1,466 32
World Acceptance * 1,700 31
Asta Funding (ss.) 1,200 21
Nelnet, Class A * 700 12
710
Diversified Financial Services 0.8%
CIT Group 8,800 337
Chicago Merchantile Exchange Holdings (ss.) 1,400 202
Leucadia National 3,036 151
CapitalSource *(ss.) 4,900 120
Alliance Capital 3,200 109
GATX 1,600 43
Encore Capital *(ss.) 2,100 28
Financial Federal * 700 25
eSpeed * 1,300 23
Instinet Group * 1,600 8
Pds Gaming Corporation *(ss.) 3,000 6
Transnational Financial Network * 3,400 3
California First National Bancorp 200 3
1,058
Insurance 7.0%
Berkshire Hathaway, Class A * 49 4,359
Genworth Financial, Class A * 20,000 459
CNA Financial *(ss.) 9,200 272
Fidelity National Financial 6,850 256
White Mountains Insurance Group 450 229
Transatlantic Holdings 2,305 187
Old Republic International 7,225 171
Assurant 5,900 156
W. R. Berkley 3,575 154
Markel *(ss.) 460 128
Erie Indemnity 2,700 126
Arthur J. Gallagher 4,100 125
Protective Life 3,200 124
Unitrin 2,900 124
Conseco * 6,100 121
Brown and Brown 2,700 116
Mercury General (ss.) 2,200 109
Reinsurance Group of America 2,550 104
Wesco Financial 280 101
American National Insurance 1,050 97
HCC Insurance Holdings 2,800 94
Nationwide Financial Services, Class A 2,400 90
American Financial Group 2,900 89
First American Financial 3,200 83
StanCorp Financial Group 1,100 74
AmerUs Life (ss.) 1,700 70
Allmerica Financial * 2,000 68
Commerce Group 1,300 64
MONY Group *(ss.) 2,000 63
Delphi Financial 1,406 63
Odyssey Re Holdings (ss.) 2,500 60
State Auto Financial 1,800 55
Philadelphia Consolidated * 900 54
Hilb Rogal and Hamilton 1,500 53
Selective Insurance 1,300 52
Alfa (ss.) 3,700 52
UICI * 2,100 50
Phoenix Companies (ss.) 4,000 49
Ohio Casualty * 2,300 46
Arch Capital Group * 1,100 44
21st Century Insurance Group (ss.) 3,300 43
Cotton States Life Insurance (ss.) 2,100 40
FBL Financial Group 1,332 38
Stewart Information Services 1,100 37
Horace Mann Educators 2,100 37
RLI 1,000 36
Infinity Property & Casualty 1,100 36
Midland 1,200 36
Universal American Financial * 3,200 35
Triad Guaranty * 600 35
ProAssurance *(ss.) 1,020 35
Zenith National (ss.) 700 34
Great American Financial Resources 2,100 33
LandAmerica Financial Group 800 31
U.S.I. Holdings *(ss.) 1,900 30
Argonaut Group * 1,600 29
United Fire & Casualty 500 29
Baldwin & Lyons 1,075 29
Penn-America Group (ss.) 1,950 27
American Medical Security * 900 24
Clark/Bardes Holdings * 1,300 24
CNA Surety * 2,000 22
Kansas City Life Insurance (ss.) 500 21
Harleysville Group 1,100 21
Navigators Group * 700 20
Citizens (ss.) 2,277 19
BancInsurance * 2,310 19
Presidential Life 900 16
Merchants Group 600 15
PMA Capital (ss.) 1,200 11
Vesta Insurance (ss.) 1,600 10
FPIC Insurance Group *(ss.) 400 10
Financial Industries Corporation *(ss.) 800 7
Standard Management * 1,400 5
9,685
Real Estate 6.5%
Vornado Realty Trust, REIT 5,100 291
General Growth Properties, REIT 9,400 278
Boston Properties, REIT 4,700 235
Public Storage, REIT 5,100 235
Archstone-Smith Trust, REIT 7,787 228
Kimco Realty, REIT 4,650 212
Rouse, REIT 4,200 199
Duke Realty, REIT 5,890 187
IStar Financial, REIT 4,473 179
Host Marriott, REIT * 14,274 176
Avalonbay Communities, REIT 2,984 169
Developers Diversified Realty, REIT 4,038 143
Liberty Property Trust, REIT (ss.) 3,500 141
Health Care Property Investors, REIT 5,600 135
Chelsea GCA, REIT 2,000 130
St. Joe 3,200 127
Hospitality Properties Trust, REIT 3,000 127
AMB Property, REIT 3,600 125
Friedman, Billings, Ramsey Group, REIT (ss.) 6,125 121
Regency Centers, REIT 2,800 120
Weingarten Realty, REIT 3,650 114
United Dominion Realty Trust, REIT 5,600 111
Forest City Enterprises 2,000 106
Rayonier, REIT 2,371 105
Catellus Development, REIT 4,203 104
Mack-Cali Realty, REIT 2,500 103
Mills, REIT 2,200 103
Trizec Properties, REIT 6,300 102
Macerich Company, REIT 2,100 101
New Plan Excel Realty, REIT (ss.) 4,300 100
Federal Realty Investment Trust, REIT 2,300 96
Vencor, REIT 3,900 91
Pan Pacific Retail Properties, REIT 1,800 91
Thornburg Mortgage, REIT (ss.) 3,100 84
CBL & Associates Properties, REIT 1,500 82
Cousins Properties, REIT 2,450 81
Arden Realty, REIT 2,700 79
Healthcare Realty Trust, REIT 2,100 79
Shurgard Storage Centers, REIT 2,100 79
Centerpoint Properties, REIT 1,000 77
Essex Property Trust, REIT 1,100 75
Reckson Associates Realty, REIT 2,700 74
Camden Property Trust, REIT 1,600 73
BRE Properties, REIT 2,100 73
Annaly Mortgage Management, REIT (ss.) 4,300 73
First Industrial Realty, REIT (ss.) 1,900 70
NovaStar Financial, REIT (ss.) 1,800 68
Crescent Real Estate Equities, REIT 4,200 68
Impac Mortgage Holdings, REIT 3,000 68
CarrAmerica Realty, REIT 2,200 66
SL Green Realty, REIT (ss.) 1,400 65
Equity One, REIT (ss.) 3,500 63
Realty Income, REIT (ss.) 1,500 63
Nationwide Health Properties, REIT 3,300 62
Health & Retirement Properties, REIT 6,200 62
Health Care, REIT 1,900 62
Washington, REIT 2,100 62
Prentiss Properties Trust, REIT 1,800 60
Post Properties, REIT 2,000 58
American Home Mortgage Holdings, REIT (ss.) 2,195 57
Pennsylvania Real Estate Investment, REIT 1,581 54
Heritage Property Investment Trust, REIT 2,000 54
Brandywine Realty Trust, REIT 1,800 49
Kilroy Realty, REIT 1,400 48
Corporate Office Properties Trust, REIT 1,900 47
Home Properties, REIT 1,200 47
Taubman Centers, REIT 2,000 46
American Financial Realty, REIT 3,200 46
Alexandria Real Estate, REIT 800 45
Saul Centers, REIT 1,400 45
WP Carey & Co (ss.) 1,500 45
Highwoods Properties, REIT 1,900 45
Maguire Properties, REIT (ss.) 1,800 45
Gables Residential Trust, REIT (ss.) 1,300 44
Capital Automotive, REIT 1,500 44
National Health Investors, REIT 1,600 43
LNR Property (ss.) 800 43
Newcastle Investment, REIT (ss.) 1,400 42
Senior Housing Properties, REIT 2,460 41
Jones Lang Lasalle * 1,500 41
LTC Properties, REIT (ss.) 2,400 40
Lexington Corporate Properties, REIT 2,000 40
Entertainment Properties, REIT 1,100 39
Redwood Trust, REIT (ss.) 700 39
American Real Estate * 1,800 39
Colonial Properties Trust, REIT 1,000 39
Commercial Net Lease Realty, REIT (ss.) 2,200 38
Resource Asset Investment Trust, REIT 1,400 34
LaSalle Hotel Properties, REIT 1,400 34
Sun Communities, REIT 900 34
EastGroup Properties, REIT 1,000 34
Koger Equity, REIT 1,400 32
Amli Residential Properties, REIT 1,100 32
PS Business Parks, REIT 800 32
Tanger Factory Outlet Centers, REIT 800 31
Investors Real Estate Trust, REIT (ss.) 3,000 31
Summit Properties, REIT 1,200 31
Mid-America Apartment Communities, REIT (ss.) 800 30
Manufactured Home Communities, REIT 900 30
Ramco-Gershenson Properties, REIT 1,200 29
Felcor Lodging Trust, REIT * 2,400 29
Glimcher Realty Trust, REIT (ss.) 1,300 29
Universal Health Realty Income, REIT (ss.) 1,000 29
Glenborough Realty Trust, REIT 1,500 27
Innkeepers USA, REIT 2,600 27
Bedford Property Investors, REIT 900 26
Getty Realty, REIT 1,000 25
PMC Commercial Trust, REIT 1,688 24
Equity Inns, REIT 2,500 23
Levitt, Class A * 875 23
Urstadt Biddle Properties, Class A, REIT (ss.) 1,500 22
Anthracite Capital, REIT 1,800 22
Urstadt Biddle Properties, REIT 1,500 21
Capital Properties (ss.) 1,200 21
Kramont Realty Trust, REIT 1,300 21
American Mortgage Acceptance, REIT 1,500 21
Agree Realty, REIT 800 20
Cornerstone Realty Income Trust, REIT (ss.) 2,300 20
Hersha Hospitality Trust, REIT 2,000 20
Trammell Crow * 1,400 20
MeriStar Hospitality, REIT * 2,800 19
National Health Realty, REIT (ss.) 1,100 19
Parkway Properties, REIT 400 18
AmeriVest Properties, REIT (ss.) 3,000 18
Monmouth Real Estate Investment, REIT (ss.) 1,800 14
Wellsford Real Properties * 900 14
Pittsburgh & West Virginia Railroad (ss.) 1,500 14
Sizeler Property Investors, REIT 1,100 10
BNP Residential Properties, REIT (ss.) 700 9
Shelbourne Properties II, REIT * @ 200 4
Shelbourne Properties III, REIT @ 1,200 1
Capital Properties, Class B *@ 120 0
8,980
Thrifts & Mortgage Finance 2.8%
Hudson City Bancorp (ss.) 8,400 281
Greenpoint Financial 5,850 232
New York Community Bancorp (ss.) 11,714 230
Radian Group 4,008 192
Doral Financial 4,800 166
PMI Group 3,800 165
Independence Community Bank 3,954 144
Astoria Financial 3,500 128
People's Bank (ss.) 4,050 126
Webster Financial 2,156 101
Capitol Federal Financial (ss.) 3,200 96
Washington Federal 3,817 92
W Holdings Company 4,819 83
MAF Bancorp 1,853 79
New Century Financial (ss.) 1,600 75
IndyMac Mortgage Holdings 2,300 73
Newalliance Bancshares * 4,900 68
CORUS Bankshares 1,600 66
Seacoast Financial Services 1,870 65
Downey Financial 1,200 64
Fremont General (ss.) 3,500 62
Northwest Bancorp 2,500 57
Waypoint Financial 1,995 55
Flagstar Bancorp (ss.) 2,750 55
Commercial Federal 2,000 54
R & G Financial 1,600 53
BankAtlantic 2,700 50
First Niagra Financial 3,871 47
Bank Mutual 4,234 46
Sterling Financial (Washington) 1,412 45
BankUnited Financial * 1,700 44
PFF Bancorp 980 37
Provident Bancorp 3,102 35
WSFS Financial 700 34
CharterMac 1,700 33
Harbor Florida Bancshares 1,200 33
Brookline Bancorp 2,249 33
Dime Community Bancorp 1,800 32
First Federal Bancshares of Arkansas 1,500 29
FirstFed Financial * 700 29
Ocwen Financial *(ss.) 2,400 29
Capital Crossing Bank *(ss.) 500 28
Flushing Financial 1,575 28
Western Ohio Financial 800 27
Charter Financial (ss.) 800 27
Anchor Bancorp Wisconsin (ss.) 1,000 26
Delta Financial (ss.) 3,100 25
Cooperative Bankshares (ss.) 1,100 25
First Place Financial (ss.) 1,300 24
BostonFed Bancorp 600 24
First Busey Corporation (ss.) 800 23
Woronoco Bancorp 600 21
NewMil Bancorp 700 21
Matrix Bancorp * 1,700 21
Net Bank 1,869 20
Horizon Financial (ss.) 1,025 20
Sound Federal Bancorp 1,390 19
Pocahontas Bancorp 1,000 17
Hingham Institution for Savings (ss.) 400 16
Union Community Bancorp 900 16
Logansport Financial (ss.) 800 15
Ameriana Bancorp 960 14
Peoples Community Bancorp 600 14
Federal Agricultural Mortgage Corporation * 700 13
Washington Savings Bank 1,300 13
New Hampshire Thrift 400 12
First Federal Bancorp 1,300 11
Riverview Bancorp 500 10
Home Federal Savings Bank 400 10
Camco (ss.) 700 10
3,968
Total Financials 34,185
HEALTH CARE 11.7%
Biotechnology 3.6%
Genentech * 22,040 1,239
ImClone Systems * 3,143 270
Celgene *(ss.) 3,500 200
Millennium Pharmaceuticals * 12,559 173
Cephalon *(ss.) 2,300 124
OSI Pharmaceuticals *(ss.) 1,600 113
Gen-Probe * 2,000 95
IDEXX Laboratories * 1,500 94
Amylin Pharmaceuticals *(ss.) 4,100 94
Charles River Laboratories International * 1,900 93
Affymetrix *(ss.) 2,660 87
Techne * 2,000 87
Neurocrine Biosciences *(ss.) 1,600 83
ICOS *(ss.) 2,700 81
Protein Design Labs * 3,900 75
Martek Biosciences *(ss.) 1,200 67
Tularik *(ss.) 2,600 65
Alkermes *(ss.) 4,400 60
ONYX Pharmaceuticals * 1,400 59
Human Genome Sciences *(ss.) 5,080 59
Ligand Pharmaceuticals, Class B *(ss.) 3,000 52
Abgenix * 4,300 50
ILEX Oncology * 2,000 50
Genencor International * 2,900 47
Medarex *(ss.) 5,700 42
Telik *(ss.) 1,700 41
Vertex Pharmaceuticals *(ss.) 3,710 40
Digene *(ss.) 1,000 37
Celera Genomics * 2,993 34
Incyte * 4,400 34
Tanox *(ss.) 1,700 32
Lexicon Genetics * 4,100 32
CV Therapeutics *(ss.) 1,900 32
Transkaryotic Therapies * 2,100 31
Orchid Biosciences *(ss.) 3,860 30
NPS Pharmaceuticals *(ss.) 1,400 29
Diversa * 2,750 28
Vicuron Pharmaceuticals * 2,200 28
Regeneron Pharmaceuticals *(ss.) 2,600 27
OraSure Technologies *(ss.) 2,800 27
Cepheid *(ss.) 2,300 27
Pharmacyclics *(ss.) 2,600 26
Enzon Pharmaceuticals * 2,070 26
Encysive Pharmaceuticals * 3,100 26
Exelixis * 2,600 26
Luminex *(ss.) 2,600 26
Array BioPharma *(ss.) 3,200 25
Cell Therapeutics *(ss.) 3,400 25
Concentric Network (ss.) 1,200 24
Serologicals *(ss.) 1,200 24
Progenics Pharmaceuticals *(ss.) 1,400 24
Immunomedics *(ss.) 4,800 23
Albany Molecular Research * 1,800 23
United Therapeutics *(ss.) 900 23
Cell Genesys *(ss.) 2,200 23
VaxGen *(ss.) 1,600 23
Alexion Pharmaceutical *(ss.) 1,200 22
Ariad Pharmaceuticals * 2,900 22
Enzo Biochem *(ss.) 1,419 21
Maxygen * 2,000 21
Cubist Pharmaceuticals *(ss.) 1,900 21
Indevus Pharmaceuticals *(ss.) 3,400 21
Myriad Genetics *(ss.) 1,400 21
ImmunoGen *(ss.) 3,300 20
InterMune *(ss.) 1,300 20
Third Wave Technologies * 4,300 19
Trimeris *(ss.) 1,300 19
Sangamo BioSciences *(ss.) 3,100 19
CuraGen *(ss.) 3,100 19
Neose Technologies *(ss.) 2,100 18
BioMarin Pharmaceutical *(ss.) 2,900 17
Neurogen *(ss.) 2,300 17
BioSource International *(ss.) 2,400 17
Novavax *(ss.) 3,100 17
XOMA *(ss.) 3,700 17
Arqule *(ss.) 3,000 16
Seattle Genetics *(ss.) 2,200 15
Corixa *(ss.) 3,301 15
Aphton *(ss.) 3,600 14
Dyax *(ss.) 1,200 14
Oscient Pharmaceuticals *(ss.) 2,700 14
EXACT Sciences *(ss.) 2,100 13
Gene Logic *(ss.) 3,160 13
BioCryst Pharmaceuticals *(ss.) 1,800 12
Lipid Sciences *(ss.) 2,800 12
Seracare Life Sciences *(ss.) 900 12
Savient Pharmaceuticals * 4,700 12
Introgen Therapeutics *(ss.) 2,600 11
Kosan Biosciences *(ss.) 1,400 11
Ciphergen Biosystems *(ss.) 1,500 11
Titan Pharmaceuticals * 3,900 11
Sirna Therapeutics *(ss.) 3,300 10
Genaera Pharmaceuticals *(ss.) 2,100 9
NeoPharm *(ss.) 782 8
Arena Pharmaceuticals *(ss.) 1,400 8
AVI BioPharma *(ss.) 3,100 8
BioSphere Medical *(ss.) 2,100 7
Harvard Bioscience *(ss.) 1,400 6
NeoRx *(ss.) 2,500 6
Pharmacopeia Drug Discovery *(ss.) 1,000 6
Allos Therapeutics *(ss.) 2,500 6
Avigen *(ss.) 1,600 5
La Jolla Pharmaceutical *(ss.) 2,200 5
Sequenom * 3,100 5
Immune Response *(ss.) 2,900 4
Matritech *(ss.) 2,600 3
Biopure *(ss.) 4,700 3
EntreMed *(ss.) 1,600 3
5,011
Health Care Equipment & Supplies 3.0%
Varian Medical Systems * 3,000 238
Dentsply International 3,300 172
Invitrogen * 2,275 164
Hillenbrand Industries 2,600 157
Beckman Coulter 2,500 152
Fisher Scientific * 2,600 150
Kinetic Concepts * 2,700 135
Apogent Technologies * 4,100 131
Cytyc * 4,400 112
Cooper Companies 1,600 101
Mentor (ss.) 2,900 99
Edwards Lifesciences * 2,800 98
INAMED * 1,550 97
Respironics * 1,600 94
ResMed * 1,600 82
Dade Behring * 1,700 81
Invacare (ss.) 1,500 67
Bio-Rad Laboratories, Class A * 1,100 65
Steris * 2,800 63
Align Technology * 3,300 63
VISX * 2,300 61
Immucor * 1,800 59
Arrow International 1,900 57
Diagnostic Products 1,200 53
ArthroCare *(ss.) 1,800 52
Mine Safety Appliances 1,500 51
Matthews International, Class A 1,500 49
Ventana Medical Systems * 1,000 48
American Medical Systems * 1,400 47
Wright Medical Group * 1,300 46
Sybron Dental Specialties * 1,500 45
Possis *(ss.) 1,300 44
ABIOMED *(ss.) 3,400 43
Integra LifeServices Holdings *(ss.) 1,200 42
Kyphon *(ss.) 1,500 42
Ocular Sciences * 1,100 42
PolyMedica (ss.) 1,200 37
Biosite Diagnostics *(ss.) 800 36
Datascope 900 36
CONMED * 1,250 34
Cyberonics *(ss.) 1,000 33
Merit Medical Systems * 2,065 33
EPIX Medical * 1,500 32
Candela Laser *(ss.) 3,200 31
Advanced Neuromodulation Systems *(ss.) 950 31
Kensey Nash *(ss.) 900 31
CTI Molecular Imaging *(ss.) 2,100 30
Haemonetics * 1,000 30
West Pharmaceutical Services 700 30
SonoSite *(ss.) 1,200 29
Intuitive Surgical * 1,500 28
ICU Medical *(ss.) 800 27
Wilson Greatbatch Technologies *(ss.) 900 25
Sola * 1,400 24
Thoratec * 2,202 24
Urologix *(ss.) 1,500 23
Viasys Healthcare * 1,100 23
Conceptus *(ss.) 2,000 22
Analogic (ss.) 500 21
Zoll Medical * 600 21
DJ Orthopedics * 900 21
Molecular Devices * 1,150 20
Vital Signs 700 20
Medical Action Industries * 1,100 20
Closure Medical *(ss.) 800 20
Exactech *(ss.) 900 20
Bruker Biosciences * 3,600 18
SurModics *(ss.) 700 17
Meridian Bioscience (ss.) 1,500 17
Inverness Medical Innovations *(ss.) 700 15
Lifecore Biomedical * 2,500 15
North American Scientific * 1,800 15
Bioveris * 1,500 12
Sonic Innovations *(ss.) 1,900 11
Trestle Holdings * 2,300 8
Arrhythmia Resh Technology (ss.) 700 8
Synovis Life Technologies *(ss.) 700 8
AeroGen *(ss.) 2,400 7
Rochester Medical * 800 7
Theragenics * 1,200 6
Cerus * 1,970 5
Horizon Medical Products * 2,400 4
American Bio Medica *(ss.) 3,000 3
Medwave *(ss.) 500 3
Trimedyne *(ss.) 3,000 3
Novoste *(ss.) 900 2
Microhelix * 3,300 2
4,100
Health Care Providers & Services 3.6%
Laboratory Corporation of America * 6,420 255
Patterson Dental *(ss.) 2,900 222
Oxford Health Plans 3,500 193
Omnicare 4,400 188
Coventry Health Care * 3,750 183
WellChoice * 3,500 145
Lincare Holdings * 4,400 145
PacifiCare Health Systems * 3,700 143
Davita * 4,500 139
Health Net * 5,100 135
Henry Schein * 2,000 126
Universal Health Services 2,600 119
WebMD *(ss.) 12,637 118
Triad Hospitals * 3,016 112
Renal Care Group * 3,300 109
Covance * 2,800 108
Community Health System * 4,000 107
Service Corp. International * 12,600 93
Pharmaceutical Product Dev * 2,600 83
VCA Antech * 1,700 76
Accredo Health * 1,891 74
Cerner *(ss.) 1,600 71
Pediatrix Medical Group * 1,000 70
Apria Healthcare * 2,300 66
E Research Technology *(ss.) 2,250 63
LifePoint Hospitals * 1,600 60
First Health Group * 3,800 59
Select Medical 4,200 56
AMERIGROUP * 1,100 54
Magellan Health Services * 1,600 54
NeighborCare * 1,700 53
Inveresk Research Group * 1,700 52
Sierra Health Services *(ss.) 1,100 49
Priority Healthcare, Class B * 2,094 48
United Surgical Partners International * 1,200 47
U.S. Oncology * 3,158 47
IDX Systems * 1,400 45
Beverly Enterprises * 4,800 41
SFBC International *(ss.) 1,200 38
Kindred Healthcare *(ss.) 1,414 37
Dendrite International * 2,000 37
NDC Health 1,600 37
AmSurg * 1,450 36
Sunrise Senior Living *(ss.) 900 35
LCA-Vision * 1,200 35
PDI * 1,150 35
Province Healthcare * 2,000 34
Owens & Minor 1,300 34
Stewart Enterprises * 4,000 33
Parexel International *(ss.) 1,500 30
RehabCare Group * 1,100 29
Advisory Board * 800 29
PSS World Medical * 2,500 28
Matria Healthcare *(ss.) 1,100 28
Eclipsys * 1,800 28
Odyssey Healthcare *(ss.) 1,400 26
LabOne * 800 25
OPTION CARE 1,650 25
Per-Se Technologies * 1,700 25
Res-Care *(ss.) 1,900 24
Omnicell * 1,600 23
Symbion * 1,300 23
MIM Corporation *(ss.) 2,600 23
TriZetto Group *(ss.) 3,300 22
Gentiva Health Services * 1,350 22
Genesis Healthcare * 750 22
Lifeline Systems * 900 21
Allscripts Heathcare * 2,700 21
Cross Country Healthcare *(ss.) 1,100 20
CorVel * 700 20
Chemed 400 19
AMN Healthcare Services *(ss.) 1,205 18
Hooper Holmes 3,000 17
Q Med *(ss.) 1,900 16
NWH 900 16
Orthodontic Centers of America *(ss.) 1,800 15
National Healthcare (ss.) 500 14
U.S. Physical Therapy *(ss.) 1,000 14
Tripos *(ss.) 2,500 13
Health Management Systems *(ss.) 2,000 12
Hanger Orthopedic Group *(ss.) 1,000 12
Capital Senior Living * 2,400 12
Alliance Imaging * 2,400 11
Specialty Laboratories *(ss.) 1,200 11
CryoLife *(ss.) 2,000 11
VitalWorks * 3,000 10
ProxyMed *(ss.) 606 10
Computer Programs and Systems 500 10
Five Star Quality Care * 2,300 10
Radiologix * 2,200 10
Medical Staffing Network Holdings *(ss.) 1,300 8
Carriage Services *(ss.) 1,600 8
D&K Healthcare 600 7
Comprehensive Care *(ss.) 3,500 5
PHC, Class A *(ss.) 3,100 4
Trover Solutions * 500 3
5,009
Pharmaceuticals 1.5%
IVAX * 8,637 207
Sepracor *(ss.) 3,700 196
Eon Labs *(ss.) 4,000 164
Barr Pharmaceuticals * 4,325 146
Endo Pharmaceutical * 5,700 134
Medicis Pharmaceutical, Class A (ss.) 2,400 96
Andrx * 3,100 87
MGI Pharma *(ss.) 3,000 81
Valeant Pharmaceuticals
International (ss.) 3,600 72
Nektar Therapeutics *(ss.) 3,300 66
Par Pharmaceutical * 1,700 60
Medicines Company * 1,900 58
Perrigo 3,000 57
Alpharma (ss.) 2,600 53
K-V Pharmaceutical, Class A *(ss.) 2,150 50
Kos Pharmaceuticals *(ss.) 1,500 49
Impax Laboratories *(ss.) 2,300 45
Salix Pharmaceuticals * 1,300 43
Atrix Laboratory *(ss.) 1,100 38
Noven Pharmaceuticals * 1,600 35
Atherogenics *(ss.) 1,800 34
First Horizon Pharmaceutical *(ss.) 1,500 28
CIMA Labs *(ss.) 750 25
Bradley Pharmaceuticals, Class A *(ss.) 900 25
Pain Therapeutics *(ss.) 2,900 23
Inspire Phamaceuticals * 1,300 22
American Pharmaceutical *(ss.) 700 21
Bone Care International *(ss.) 900 21
Adolor * 1,500 19
Penwest Pharmaceuticals *(ss.) 1,300 17
Antigenics *(ss.) 1,700 14
InKine Pharmaceutical * 3,400 13
Columbia Laboratories *(ss.) 3,400 12
Discovery Partners * 2,300 12
Orphan Medical *(ss.) 1,100 11
Point Therapeutics * 2,100 11
aaiPharma *(ss.) 1,500 8
Emisphere Technologies * 1,900 8
VIVUS *(ss.) 1,800 6
Cellegy Pharmaceuticals *(ss.) 1,500 6
2,073
Total Health Care 16,193
INDUSTRIALS & BUSINESS SERVICES 9.8%
Aerospace & Defense 1.0%
L-3 Communications Holdings (ss.) 4,380 293
Precision Castparts 2,554 140
Alliant Techsystems * 1,475 93
United Defense Industries * 2,100 74
Engineered Support System (ss.) 975 57
Curtiss-Wright Corporation 1,000 56
Invision Technologies *(ss.) 900 45
GenCorp (ss.) 2,800 38
Hexcel *(ss.) 3,000 35
United Industrial 1,300 30
Sequa * 500 29
Orbital Sciences *(ss.) 2,100 29
MTC Technologies * 1,100 28
Innovative Solutions and Support * 1,400 27
Armor Holdings * 800 27
Aviall * 1,400 27
Esterline Technologies * 900 27
EDO 1,000 24
Cubic Corp. (ss.) 1,100 23
DRS Technologies * 701 22
SPACEHAB *(ss.) 5,700 21
Ladish Company 2,400 20
Mercury Computer Systems * 800 20
Triumph Group * 600 19
Teledyne Technologies * 900 18
BE Aerospace * 2,300 17
AAR * 1,500 17
KVH Industries *(ss.) 1,200 15
Ducommun * 700 15
Sypris Solutions 700 13
Kaman 800 11
Allied Research * 600 11
Pemco Aviation Group * 300 9
Edac Technologies *(ss.) 4,500 7
Enviromental Tectonics *(ss.) 400 3
HEICO, Class A 120 2
1,342
Air Freight & Logistics 0.5%
Expeditors International of Washington 4,400 217
C.H. Robinson Worldwide 3,500 160
JB Hunt Transport Services 3,400 131
CNF 2,300 96
EGL * 2,200 59
Forward Air * 1,000 37
Pacer International * 1,700 32
Park Ohio Holdings * 1,900 22
754
Airlines 0.4%
JetBlue Airways *(ss.) 3,875 114
AMR *(ss.) 6,500 79
Airtran Holdings *(ss.) 4,000 56
Northwest Airlines *(ss.) 4,700 52
SkyWest 2,600 45
Continental Airlines *(ss.) 3,000 34
ExpressJet Holdings *(ss.) 2,200 27
Frontier Airlines *(ss.) 2,450 27
America West Holdings *(ss.) 2,600 24
Atlantic Coast Airlines *(ss.) 3,000 17
Alaska Air Group *(ss.) 700 17
Amtran *(ss.) 1,800 9
Midwest Express Holdings *(ss.) 1,700 7
508
Building Products 0.3%
York International 1,800 74
Simpson Manufacturing 900 50
Lennox International 2,700 49
American Woodmark 500 30
USG *(ss.) 1,700 30
Jacuzzi Brands * 3,200 26
Griffon Corporation *(ss.) 1,100 24
NCI Building Systems * 700 23
Trex *(ss.) 600 23
Universal Forest Products 600 19
Elcor 800 19
Apogee Enterprises 1,300 14
AAON Inc * 650 13
Advanced Environmental Recycling,
Class A *(ss.) 4,000 4
398
Commercial Services &
Supplies 3.2%
Republic Services 6,700 194
Career Education * 4,100 187
Manpower 3,664 186
Dun & Bradstreet * 3,100 167
ChoicePoint * 3,524 161
ServiceMaster 12,350 152
ARAMARK, Class B 4,700 135
HNI Corporation 2,700 114
Viad 3,900 105
Copart * 3,850 103
Education Management * 3,100 102
Herman Miller 3,400 98
Corinthian Colleges * 3,800 94
Stericycle * 1,800 93
Corporate Executive Board 1,600 92
Devry *(ss.) 3,200 88
Brinks 2,449 84
West Corporation * 3,200 84
ITT Educational Services * 1,900 72
Ikon Office Solutions 6,200 71
Laureate * 1,834 70
Corrections Corp. of America * 1,767 70
Kroll *(ss.) 1,599 59
Waste Connections * 1,950 58
United Rentals * 3,000 54
United Stationers * 1,300 52
Strayer Education 450 50
Universal Technical Institute * 1,200 48
Brady 1,000 46
NCO Group *(ss.) 1,708 46
Rollins 1,950 45
Banta 1,000 44
CoStar Group * 900 41
TeleTech Holdings * 4,640 41
Korn/Ferry *(ss.) 2,100 41
Tetra Tech * 2,400 39
Watson Wyatt 1,400 37
ABM Industries 1,900 37
Sotheby's * 2,300 37
Consolidated Graphics * 800 35
Resources Connection * 900 35
Greg Manning Auctions *(ss.) 2,300 35
Labor Ready *(ss.) 2,200 34
SOURCECORP * 1,200 33
John H. Harland (ss.) 1,100 32
Bright Horizons Family Solutions * 600 32
G&K Services, Class A 800 32
DiamondCluster International * 3,650 32
Volt Information Sciences * 1,000 32
Exult *(ss.) 5,400 29
KForce.com * 3,056 29
Bowne 1,800 29
School Specialty *(ss.) 776 28
Ennis Business Forms 1,400 27
Kelly Services 900 27
Steelcase 1,900 27
Prepaid Legal Services *(ss.) 1,100 26
Central Parking (ss.) 1,400 26
Imagistics International * 700 25
CDI 700 24
Duratek * 1,600 24
FTI Consulting *(ss.) 1,450 24
Heidrick & Struggles *(ss.) 800 24
Geo Group * 1,100 22
Spherion * 2,100 21
Princeton Review *(ss.) 2,800 21
PICO Holdings * 1,100 21
Innotrac *(ss.) 2,300 20
Ionics *(ss.) 700 20
Strategic Distribution (ss.) 1,500 20
On Assignment * 3,200 19
PRG-Schultz International *(ss.) 3,350 18
Administaff *(ss.) 1,100 18
Ecology and Environment 1,900 18
Electro Rent 1,700 18
ICT Group * 1,900 17
Mobile Mini *(ss.) 600 17
Evci Career Colleges * 1,600 17
TRC * 1,000 17
Learning Tree International *(ss.) 1,100 16
American Locker Group * 1,300 16
General Binding * 1,000 16
McGrath RentCorp. 400 15
A. T. Cross * 2,800 13
Multi-Color *(ss.) 875 12
Casella Waste Systems, Class A * 900 12
TRM Copy Centers * 800 12
Electronic Clearing House * 1,200 11
First Consulting Group *(ss.) 1,900 11
Cenveo *(ss.) 3,500 10
Ablest * 1,700 10
Standard Register 800 10
Franklin Covey *(ss.) 2,900 8
Find SVP * 3,000 7
Cornell Companies *(ss.) 400 5
Avalon Correctional Services * 2,300 5
Insurance Auto Auctions * 300 5
Food Technology Services * 3,700 4
Hudson Technologies *(ss.) 4,200 4
Airlease (ss.) 2,800 3
4,507
Construction & Engineering 0.3%
Jacobs Engineering Group * 2,200 87
Dycom Industries * 2,233 63
URS * 1,500 41
Granite Construction 2,225 41
EMCOR Group * 800 35
Quanta Services *(ss.) 5,200 32
Mastec *(ss.) 4,750 26
Shaw Group *(ss.) 2,400 24
Intergrated Electrical Services * 2,700 22
Michael Baker *(ss.) 1,400 21
Insituform Technologies, Class A * 900 15
Xanser * 5,700 14
Englobal * 2,000 3
424
Electrical Equipment 0.7%
Hubbell, Class B 2,400 112
AMETEK 2,400 74
Acuity Brands 1,800 49
Woodward Governor 600 43
Franklin Electric 1,000 38
Genlyte Group * 600 38
A.O. Smith 1,100 35
Encore Wire *(ss.) 1,200 33
Vicor * 1,800 33
Medis Technologies *(ss.) 2,000 32
II-VI Corporation * 1,000 31
Baldor Electric 1,300 30
Belden 1,400 30
General Cable *(ss.) 3,500 30
Plug Power *(ss.) 3,900 29
Intermagnetics General *(ss.) 808 27
Energy Conversion Devices *(ss.) 2,200 25
Regal-Beloit (ss.) 1,000 22
C&D Technologies 1,000 18
Fuelcell Energy *(ss.) 1,500 18
MagneTek * 2,100 18
Chase (ss.) 1,100 17
Artesyn Technologies *(ss.) 1,600 14
American Superconductor *(ss.) 1,100 14
LSI Industries (ss.) 1,125 13
Capstone Turbine *(ss.) 5,800 13
BTU International * 2,400 12
Powell Industries * 600 10
Oryx Technology *(ss.) 2,100 10
Channell Commercial * 1,700 7
Global Power Equipment Group * 900 7
Orbit International 1,000 7
Arotech *(ss.) 2,200 5
Beacon Power * 9,300 4
EXX, Class A *(ss.) 1,400 3
901
Industrial Conglomerates 0.4%
Allete 3,900 130
Carlisle Companies 1,500 93
Roper Industries 1,600 91
Teleflex 1,700 85
Alleghany 293 84
Walter Industries (ss.) 2,400 33
Tredegar 1,600 26
Gerber Scientific * 2,200 16
558
Machinery 1.9%
Pentair 4,200 141
SPX 3,036 141
Donaldson 3,800 111
Graco 3,087 96
Timken 3,500 93
Oshkosh Truck 1,600 92
Harsco 1,900 89
IDEX 2,400 82
Toro 1,100 77
AGCO * 3,600 73
Briggs & Stratton 800 71
Nordson 1,600 69
Lincoln Electric Holdings 2,000 68
Kennametal 1,400 64
Flowserve * 2,500 62
Terex * 1,800 61
Joy Global 2,000 60
Albany International 1,710 57
Trinity Industries (ss.) 1,800 57
Mueller Industries 1,500 54
Reliance Steel & Aluminum 1,300 52
Wabash National *(ss.) 1,800 50
Actuant Corporation, Class A *(ss.) 1,210 47
EnPro Industries * 2,000 46
Manitowoc 1,300 44
Wabtec 2,300 42
CLARCOR 900 41
ESCO Electronics * 700 37
Cuno * 700 37
Tecumseh Products 800 33
Hurco Companies *(ss.) 2,700 32
Federal Signal (ss.) 1,600 30
Watts Water Technologies, Class A 1,100 30
Tennant 700 29
Barnes Group 1,000 29
NACCO Industries 300 29
Kaydon 900 28
Valmont Industries 1,200 27
Thomas Industries 800 27
A.S.V. * 800 25
JLG Industries (ss.) 1,800 25
BHA Group (ss.) 600 23
Twin Disc 900 22
Astec Industries * 1,100 21
Stewart & Stevenson 1,100 20
Greenbrier Companies * 1,000 19
Wolverine Tube * 1,700 19
Lindsay Manufacturing 750 18
Robbins & Myers (ss.) 700 16
Met-Pro 933 14
Milacron *(ss.) 3,300 13
Titan (ss.) 1,200 12
Graham (ss.) 900 10
Columbus Mckinnon * 1,200 9
American Science Engineering *(ss.) 300 6
Turbochef Technologies *(ss.) 1,200 6
Global Payment Technologies * 1,500 6
2,592
Marine 0.1%
Alexander & Baldwin 2,000 67
Overseas Shipholding Group 1,500 66
Kirby Corporation * 1,200 47
Danielson *(ss.) 1,900 13
193
Road & Rail 0.7%
Landstar Systems * 1,400 74
Werner Enterprises 3,466 73
Yellow Roadway * 1,697 68
Sirva * 2,900 67
Swift Transportation * 3,490 63
Heartland Express 2,179 60
Laidlaw International * 4,200 54
Florida East Coast Industries (ss.) 1,400 54
Old Dominion Freight Line * 1,575 46
Amerco *(ss.) 1,900 45
Knight Transportation * 1,500 43
Arkansas Best 1,300 43
Kansas City Southern Industries *(ss.) 2,600 40
USF Corporation 1,000 35
Overnite 1,100 32
Genesee & Wyoming, Class A * 1,312 31
Dollar Thrifty Auto Group * 1,000 28
RailAmerica * 1,600 23
USA Truck * 1,600 19
Patriot Transportation Holdings * 500 17
Transport Corp. of America *(ss.) 2,100 16
Allied Holdings *(ss.) 3,500 15
U.S. Xpress Enterprises * 600 10
Pioneer Railcorp 2,700 7
963
Trading Companies & Distributors 0.3%
Fastenal (ss.) 3,000 170
Hughes Supply 1,100 65
MSC Industrial Direct 1,300 43
Watsco 1,400 39
Valley National Gases * 3,800 39
Lawson Products 700 27
Applied Industrial Technologies 800 24
NuCo2 *(ss.) 700 14
421
Total Industrials & Business Services 13,561
INFORMATION TECHNOLOGY 14.9%
Communications Equipment 2.1%
Juniper Networks *(ss.) 22,030 541
UTStarcom *(ss.) 4,700 142
Harris 2,700 137
ADTRAN 3,200 107
3Com * 15,500 97
Polycom * 4,100 92
Avocent * 2,245 82
Plantronics * 1,900 80
Foundry Networks * 5,550 78
Advanced Fibre Communications * 3,600 73
Brocade Communications Systems * 10,940 65
InterDigital Communication *(ss.) 3,000 56
ditech Communications * 2,400 56
Commscope * 2,500 54
Emulex *(ss.) 3,420 49
Tekelec * 2,600 47
Black Box 970 46
Sonus Networks * 9,490 45
ViaSat * 1,800 45
F5 Networks *(ss.) 1,500 40
Bel Fuse 1,100 40
Adaptec * 4,400 37
Sycamore Networks * 8,750 37
C-Cor.net * 3,400 35
Extreme Networks * 5,950 33
Aspect Telecommunications * 2,300 33
Packeteer * 2,000 32
Cable Design Technologies *(ss.) 2,950 31
Ixia * 3,100 31
Inter-Tel 1,200 30
Powerwave Technologies *(ss.) 3,700 28
Arris Group *(ss.) 4,700 28
Harmonic * 3,184 27
Westell Technologies * 5,000 26
McDATA *(ss.) 4,700 25
Sirf Technology Holdings * 1,900 25
Enterasys Networks * 11,500 24
Symmetricom * 2,700 24
Anaren * 1,400 23
Safenet *(ss.) 823 23
Avanex *(ss.) 5,800 23
Echelon *(ss.) 2,000 22
Comtech Telecommunications *(ss.) 925 21
Netopia *(ss.) 3,000 20
REMEC *(ss.) 2,900 18
PC-Tel * 1,500 18
Finisar *(ss.) 8,900 18
SeaChange International *(ss.) 1,000 17
Zhone Technologies *(ss.)!! 4,175 16
Oplink Communications *(ss.) 8,200 16
Carrier Access * 1,300 16
Verso Technology *(ss.) 8,496 15
Paradyne Networks * 2,700 15
MRV Communications *(ss.) 5,120 14
Stratex Networks * 4,210 12
Terayon Communication Systems * 5,100 12
SpectraLink 800 12
Centillium Communications * 3,100 12
Computer Network Technology *(ss.) 1,900 11
WJ Communications * 3,200 11
Performance Technologies *(ss.) 1,200 11
NMS Communications *(ss.) 1,500 11
Sunrise Telecom 4,200 11
Digi International * 860 9
Tollgrade Communications * 650 7
Redback Networks *(ss.) 974 6
Digital Lightwave *(ss.) 3,250 6
Aware * 1,300 5
Copper Mountain, MTN *(ss.) 400 5
Endwave Corporation *(ss.) 600 5
Stratos International *(ss.) 726 4
American Access Technologies * 2,400 4
Norstan * 1,300 4
Proxim *(ss.) 1,700 2
Redback Networks, Warrants, 1/1/10 * 82 0
Redback Networks, Warrants, 1/1/10 * 78 0
Optical Cable, Warrants, 10/24/07 *@ 212 0
2,933
Computers & Peripherals 1.2%
Seagate Technology (ss.) 19,000 274
Diebold 3,100 164
Sandisk *(ss.) 6,900 150
Storage Technology * 4,900 142
Western Digital * 9,300 81
Maxtor * 10,604 70
UNOVA *(ss.) 3,300 67
Avid Technology * 1,200 65
Electronics for Imaging * 2,300 65
Palm *(ss.) 1,750 61
Imation 1,400 60
Intergraph * 1,800 47
Video Display (ss.) 1,440 38
In Focus Systems * 4,500 38
Synaptics * 1,600 31
Hypercom *(ss.) 3,500 30
Hutchinson Technology *(ss.) 1,200 30
Advanced Digital Info * 2,900 28
Interphase *(ss.) 2,400 25
Presstek *(ss.) 2,100 22
Quantum DLT & Storage Systems Group *(ss.) 6,800 21
SBS Technologies * 1,300 21
Iomega 3,560 20
Cray *(ss.) 2,900 19
Silicon Graphics *(ss.) 8,700 19
Overland Data *(ss.) 1,300 17
Pinnacle Systems * 2,400 17
Rimage * 1,100 17
Mobility Electronics *(ss.) 1,600 13
Sigma Designs *(ss.) 1,600 13
Dataram * 1,150 11
Simpletech *(ss.) 2,900 10
Immersion * 1,500 7
Datalink * 1,600 5
Steelcloud *(ss.) 1,800 5
Zoom Telephonics *(ss.) 1,100 4
Socket Communications *(ss.) 1,200 3
Exabyte *(ss.) 3,900 3
Concurrent Computer *(ss.) 1,600 3
1,716
Electronic Equipment & Instruments 2.1%
CDW 3,600 230
Amphenol * 4,000 133
Arrow Electronics * 4,900 131
Vishay Intertechnology * 6,931 129
Avnet * 4,996 113
Tech Data * 2,700 106
National Instruments (ss.) 3,400 104
Taser International *(ss.) 2,400 104
AVX (ss.) 7,100 103
Ingram Micro, Class A * 6,300 91
FLIR Systems *(ss.) 1,400 77
Varian * 1,400 59
Benchmark Electronics * 2,000 58
Rogers * 800 56
Littelfuse * 1,300 55
Trimble Navigation * 1,850 51
Dionex * 900 50
Aeroflex * 3,400 49
Anixter International 1,400 48
Digital Theater Systems * 1,800 47
KEMET * 3,500 43
Scansource * 700 42
Electro Scientific Industries * 1,300 37
Global Imaging Systems * 1,000 37
MTS Systems 1,500 35
Paxar * 1,800 35
Technitrol * 1,600 35
Coherent * 1,150 34
BEI Technologies 1,100 31
Park Electrochemical 1,200 30
Cyberoptics *(ss.) 1,150 30
Radisys * 1,600 30
Veeco *(ss.) 1,129 29
Photon Dynamics * 800 28
Metrologic Instruments *(ss.) 1,400 28
Itron *(ss.) 1,200 27
Identix *(ss.) 3,674 27
Landauer 600 27
TTM Technologies *(ss.) 2,200 26
Plexus * 1,860 25
Newport * 1,550 25
Agilysys 1,800 25
X-Rite 1,700 25
Lexar Media *(ss.) 3,700 25
Methode Electronics 1,800 23
Excel Technology * 700 23
Daktronics * 900 22
OSI Systems *(ss.) 1,100 22
CTS 1,800 22
PC Connection *(ss.) 3,000 20
Bell Microproducts *(ss.) 2,400 19
Keithley Instruments 800 18
Lo-Jack * 2,000 18
LeCroy * 900 16
OYO Geospace * 800 15
Zygo * 1,300 15
California Amplifier *(ss.) 1,800 13
Nu Horizons Electronics * 1,400 13
Sirenza Microdevices * 3,000 13
Planar Systems *(ss.) 900 12
Panavision *(ss.) 1,700 12
Merix *(ss.) 1,000 11
Sigmatron International *(ss.) 900 11
Maxwell Technologies *(ss.) 800 10
Trans-Lux Corporation (ss.) 1,300 9
Research Frontiers *(ss.) 1,200 9
Brightpoint *(ss.) 600 8
SatCon Technology *(ss.) 3,200 8
Interlink Electronics * 700 7
Digital Video Systems *(ss.) 5,500 6
Somera Communications *(ss.) 2,800 4
Pemstar *(ss.) 1,500 3
Zomax * 800 3
Superconductor Technologies * 800 1
2,916
Internet Software & Services 2.0%
InterActiveCorp * 29,211 880
VeriSign * 10,188 203
Akamai Technologies *(ss.) 5,878 106
Ask Jeeves *(ss.) 2,300 90
Earthlink * 7,720 80
CNET Networks *(ss.) 6,871 76
Infospace.com *(ss.) 1,485 56
RealNetworks *(ss.) 7,900 54
United Online *(ss.) 3,000 53
DoubleClick * 6,192 48
Webex Communications *(ss.) 2,000 44
Opsware *(ss.) 5,400 43
Digital River * 1,300 42
Valueclick * 3,200 38
NetRatings *(ss.) 2,300 37
Openwave Systems *(ss.) 2,887 37
S1 * 3,500 35
CMGI *(ss.) 17,668 34
Sonicwall * 3,900 34
Websense * 900 33
J2 Global Communications *(ss.) 1,200 33
aQuantive *(ss.) 3,100 31
Internet Security Systems * 1,950 30
Digital Insight * 1,431 30
MatrixOne * 4,200 29
TippingPoint Technologies *(ss.) 1,100 28
webMethods * 3,208 27
Chordiant Software *(ss.) 6,020 27
Netegrity * 3,150 27
MarketWatch.com * 2,200 26
Digitas * 2,282 25
Interwoven * 2,466 25
Support.com * 2,800 24
Ariba *(ss.) 10,300 20
Vignette * 12,148 20
Autobytel * 2,100 19
Broadvision *(ss.) 4,288 18
FreeMarkets *(ss.) 2,750 18
Stellent * 2,000 17
Corillian * 3,000 15
SeeBeyond Technology Corporation * 4,000 15
Niku *(ss.) 1,300 15
Ivillage *(ss.) 2,300 15
Neoforma.com *(ss.) 1,200 15
Looksmart Limited * 6,300 14
Retek * 2,145 13
HomeStore.com * 3,300 13
PEC Solutions *(ss.) 1,100 13
Modem Media * 2,400 13
Entrust Technologies * 2,500 11
Kana Software *(ss.) 4,567 11
Register.com *(ss.) 1,645 10
Tumbleweed Communications *(ss.) 2,300 10
Vitria Technology * 2,950 9
I-many *(ss.) 7,500 9
Interland *(ss.) 2,970 8
24 / 7 Real Media * 1,420 8
America Online Latin America * 10,600 7
Zixit *(ss.) 900 7
Net2Phone *(ss.) 1,500 7
Internap Network Services * 5,100 6
Commerce One *(ss.) 2,892 3
2,744
IT Services 2.0%
Total Systems Services (ss.) 8,300 182
DST Systems * 3,540 170
Iron Mountain * 3,380 163
Alliance Data Systems * 3,300 139
Cognizant Technology Solutions * 5,400 137
Ceridian * 5,900 133
Certegy 3,300 128
Checkfree Holdings * 3,800 114
Hewitt Associates, Class A *(ss.) 3,900 107
Acxiom 4,100 102
Global Payments (ss.) 1,780 80
BISYS Group * 5,600 79
National Processing * 2,700 78
BearingPoint * 8,700 77
Perot Systems * 5,400 72
Gartner Group * 5,100 66
Anteon International * 1,900 62
CACl International, Class A * 1,400 57
CSG Systems International * 2,600 54
Titan *(ss.) 3,449 45
MPS Group * 3,600 44
Keane * 2,460 34
Startek (ss.) 900 32
Sykes Enterprises * 4,200 32
EFunds * 1,800 31
Forrester Research * 1,600 30
Syntel (ss.) 1,800 30
SRA International, Class A * 700 30
Intrado *(ss.) 1,800 29
Maximus * 800 28
Man Tech (ss.) 1,400 26
Sapient * 4,100 25
Edgewater Technology *(ss.) 3,967 24
InfoUSA * 2,400 24
CIBER *(ss.) 2,900 24
Inforte *(ss.) 2,200 22
Pegasus Solutions *(ss.) 1,600 21
AnswerThink * 3,400 19
Igate Capital * 4,500 18
Medquist * 1,482 17
Safeguard Scientifics *(ss.) 7,000 16
InterCept Group *(ss.) 900 15
CompuCom Systems * 3,200 14
Computer Horizons * 3,300 13
Rainmaker Systems *(ss.) 4,700 10
Lightbridge * 1,638 9
Management Network Group * 2,600 6
Integral Systems *(ss.) 400 6
Indus International * 2,900 6
Tier Technologies, Class B *(ss.) 600 6
Technology Solutions * 5,200 6
2,692
Office Electronics 0.1%
Zebra Technologies * 2,100 183
Intelli-Check *(ss.) 400 2
185
Semiconductor & Semiconductor
Equipment 2.9%
Microchip Technology 9,049 285
Agere Systems, Class A * 67,700 156
Lam Research * 5,250 141
Atmel * 20,900 124
International Rectifier * 2,900 120
Intersil Holding, Class A 5,520 120
Silicon Laboratories *(ss.) 2,300 107
Integrated Circuit Systems * 3,300 90
Fairchild Semiconductor * 5,310 87
Conexant Systems * 19,381 84
Cypress Semiconductor *(ss.) 5,700 81
Rambus *(ss.) 4,380 78
Cree *(ss.) 3,200 74
Siliconix * 1,500 74
Integrated Device Technology * 5,100 71
Semtech * 2,900 68
Cognex 1,700 65
Amkor Technology *(ss.) 7,800 64
Varian Semiconductor Equipment * 1,600 62
RF Micro Devices *(ss.) 8,200 61
ON Semiconductor * 10,900 55
Skyworks Solutions *(ss.) 6,200 54
Cymer * 1,400 52
Vitesse Semiconductor * 10,031 49
Silicon Storage Technology *(ss.) 4,700 48
Microsemi * 3,400 48
MKS Instruments * 2,000 46
Micrel * 3,680 45
Sigmatel * 1,500 43
Credence Systems * 3,100 43
Mattson Technology * 3,513 42
Omnivision Technologies *(ss.) 2,600 41
Mykrolis * 2,300 40
Power Integrations * 1,600 40
Axcelis Technologies * 3,000 37
Zoran * 1,948 36
Brooks-Pri Automation * 1,764 36
Integrated Silicon Solution *(ss.) 2,900 35
Kulicke & Soffa *(ss.) 3,100 34
TriQuint Semiconductor * 6,180 34
Pixelworks *(ss.) 2,200 34
LTX * 3,100 34
FEI *(ss.) 1,400 33
Lattice Semiconductor * 4,740 33
PLX Technology * 1,900 33
ATMI *(ss.) 1,200 33
DSP Group * 1,200 33
Chippac *(ss.) 5,100 32
Cabot Microelectronics *(ss.) 1,032 32
Entegris * 2,700 31
AMIS Holdings * 1,800 30
Advanced Energy Industries * 1,900 30
Cirrus Logic *(ss.) 4,800 29
Xicor *(ss.) 1,800 27
Tessera Technologies * 1,500 27
Cohu 1,400 27
ESS Technology * 2,400 26
Photronics * 1,310 25
Helix Technology 1,100 23
Artisan Components * 900 23
Semitool * 2,000 23
Pericom Semiconductor * 2,100 22
DuPont Photomasks * 1,100 22
Actel * 1,200 22
Atheros Communications *(ss.) 2,000 21
Monolithic Systems Technology * 2,600 20
Kopin *(ss.) 3,700 19
Mindspeed Technologies * 3,800 19
Alliance Semiconductor * 3,100 18
Asyst Technology *(ss.) 1,700 18
Therma-Wave * 3,500 17
PDF Solutions *(ss.) 2,000 17
Genesis Microchip *(ss.) 1,200 17
Virage Logic * 1,800 16
Rudolph Technologies * 900 16
Transmeta *(ss.) 7,200 16
SRS Labs * 2,700 15
MEMC Electronic Materials * 1,500 15
ANADIGICS *(ss.) 2,595 13
TranSwitch *(ss.) 7,400 13
Ultratech Stepper * 800 13
Electroglas *(ss.) 2,400 13
CEVA *(ss.) 1,600 13
Nanometrics *(ss.) 1,100 13
NVE *(ss.) 300 12
Sipex * 2,000 11
FSI International *(ss.) 1,400 11
Catalyst Semiconductor * 1,600 11
EMCORE * 3,200 10
California Micro Devices *(ss.) 900 10
Amtech Systems * 1,600 8
Aehr Test Systems *(ss.) 1,600 6
hi/fn * 409 5
Three-Five Systems *(ss.) 950 5
Micro Component Technology *(ss.) 3,100 4
Celeritek 1,100 4
3,973
Software 2.5%
Synopsys * 6,566 187
Red Hat *(ss.) 7,400 170
Cadence Design Systems * 11,477 168
BEA Systems * 16,900 139
Network Associates * 6,672 121
Fair Isaac (ss.) 3,005 100
Activision * 5,250 83
Hyperion Solutions *(ss.) 1,800 79
Jack Henry & Associates 3,600 72
TIBCO Software * 8,550 72
Reynolds & Reynolds 3,100 72
Sybase * 3,972 71
Macromedia * 2,710 67
FactSet Research Systems 1,400 66
Epicor Software * 4,400 62
RSA Security *(ss.) 2,950 60
Kronos * 1,450 60
Take-Two Interactive Software *(ss.) 1,800 55
FileNet * 1,700 54
Quest Software * 3,900 50
Transaction Systems Architects * 2,100 45
Macrovision * 1,800 45
Verint Systems * 1,300 44
Wind River Systems * 3,776 44
Ascential Software * 2,675 43
Mentor Graphics * 2,700 42
THQ *(ss.) 1,625 37
Manhattan Associates * 1,200 37
Magma Design Automation *(ss.) 1,900 37
Ultimate Software Group *(ss.) 3,500 35
MICROS Systems * 700 34
Informatica * 4,400 34
Progress Software * 1,500 33
SERENA Software *(ss.) 1,700 32
Lawson Software * 4,400 31
NetIQ * 2,358 31
AuthentiDate Holding *(ss.) 2,800 31
CCC Information Services * 1,800 30
Inet Technologies * 2,400 30
Micromuse * 4,360 29
Midway Games *(ss.) 2,479 29
Ansys * 600 28
Secure Computing *(ss.) 2,400 28
Altiris *(ss.) 1,000 28
Borland Software * 3,200 27
Renaissance Learning (ss.) 1,200 27
MicroStrategy *(ss.) 600 26
Advent Software * 1,400 25
Embarcadero * 2,000 25
Captaris *(ss.) 3,600 23
SPSS * 1,200 22
E.piphany * 4,440 21
Ansoft * 1,400 21
Sonic Solutions *(ss.) 1,000 21
Ulticom * 1,800 21
Accelrys *(ss.) 2,000 20
Quality Systems * 400 20
DocuCorp International *(ss.) 2,200 19
Pegasystems *(ss.) 2,200 19
Verity * 1,400 19
Agile Software * 2,100 18
TALX Corporation (ss.) 740 18
ScanSoft * 3,600 18
QRS * 2,700 18
Aspen Technology *(ss.) 2,400 17
OPNET Technologies * 1,300 17
MSC Software *(ss.) 1,900 17
Concord Communications *(ss.) 1,400 16
MAPICS * 1,500 16
Bottomline Technologies *(ss.) 1,500 16
WatchGuard Technologies * 2,100 15
Digimarc *(ss.) 1,100 15
Nuance Communications *(ss.) 3,200 15
Witness Systems * 1,200 15
PLATO Learning *(ss.) 1,466 15
Catapult Communications * 600 14
JDA Software Group * 1,000 13
Moldflow * 1,200 13
MRO Software * 900 12
Roxio *(ss.) 2,400 12
MapInfo *(ss.) 1,075 11
Atari *(ss.) 4,700 11
ebix.com * 800 11
Actuate * 2,700 11
Merge Technologies *(ss.) 700 10
Datastream * 1,500 10
Manugistics Group * 2,900 9
NYFIX *(ss.) 1,850 9
EPIQ Systems *(ss.) 600 9
NetScout Systems *(ss.) 1,300 9
Phoenix Technologies * 1,200 8
Portal Software * 2,260 8
Guardian Technologies *(ss.) 1,500 8
SCO Group *(ss.) 1,200 7
Vastera * 2,300 7
Palmsource *(ss.) 402 7
Verisity Ltd. * 1,100 7
VA Linux Systems *(ss.) 2,600 6
Evolving Systems, Inc. *(ss.) 1,300 6
Radiant Systems * 1,150 5
Captiva Software Corp *(ss.) 500 5
Viewpoint Corporation *(ss.) 2,400 5
NEON Systems * 1,200 5
Ari Network Services * 3,100 4
Netguru * 2,400 4
Telecommunication Systems, Class A *(ss.) 600 3
EPlus * 300 3
Evans & Sutherland Computer * 600 3
ONYX Software * 625 3
Acclaim Entertainment *(ss.) 3,100 1
3,516
Total Information Technology 20,675
MATERIALS 3.7%
Chemicals 1.4%
Lyondell Chemical (ss.) 7,000 122
Cabot 2,900 118
Valspar 2,200 111
Scotts, Class A * 1,300 83
Lubrizol 2,200 81
Airgas 3,300 79
Cytec Industries 1,600 73
RPM 4,700 71
Kronos Worldwide (ss.) 2,075 71
FMC * 1,500 65
IMC Global 4,800 64
Georgia Gulf 1,700 61
Albemarle 1,800 57
Valhi (ss.) 5,000 57
Macdermid 1,600 54
Olin (ss.) 3,000 53
Minerals Technologies 800 46
Sensient Technologies Corporation (ss.) 2,100 45
Millennium Chemicals * 2,600 45
OM Group * 1,100 36
Headwaters *(ss.) 1,400 36
Ferro 1,300 35
Terra Nitrogen Com * 2,800 34
W. R. Grace *(ss.) 5,400 33
PolyOne * 4,400 33
Symyx Technologies * 1,350 33
H.B. Fuller 1,120 32
Spartech 1,200 31
Cambrex 1,200 30
A. Schulman 1,300 28
NL Industries (ss.) 1,900 28
Arch Chemicals 950 27
Crompton 4,124 26
Calgon Carbon (ss.) 2,600 17
Nanophase Technologies *(ss.) 2,300 17
Lesco * 1,200 16
OMNOVA Solutions * 2,500 15
Wellman (ss.) 1,600 13
ICO *(ss.) 5,500 13
CFC International * 1,600 13
1,902
Construction Materials 0.3%
Lafarge 2,700 117
Martin Marietta Materials 2,000 89
Florida Rock Industries 1,825 77
Eagle Materials (ss.) 800 57
Texas Industries 800 33
Devcon International * 2,100 25
U.S. Concrete * 1,900 13
Ameron International 300 10
421
Containers & Packaging 0.6%
Smurfit-Stone Container * 10,100 202
Packaging Corp. of America 4,700 112
Owens-Illinois * 6,200 104
Sonoco Products 3,960 101
Crown Cork & Seal * 7,800 78
Aptargroup 1,500 66
Greif Bros. 1,100 46
Silgan Holdings 1,000 40
Longview Fibre * 2,100 31
Myers Industries 1,600 23
Rock-Tenn 1,100 19
Caraustar * 1,300 18
Packaging Dynamics 1,180 16
Chesapeake Corp. 600 16
872
Metals & Mining 1.2%
CONSOL Energy (ss.) 4,200 151
Southern Peru Copper (ss.) 3,300 136
Peabody Energy 2,300 129
International Steel * 4,000 119
Massey 3,700 104
Glamis Gold *(ss.) 5,300 93
Arch Coal 2,100 77
Stillwater Mining *(ss.) 4,717 71
Steel Dynamics *(ss.) 2,200 63
Meridian Gold * 4,600 60
Century Aluminum * 2,200 54
Gibraltar Steel 1,300 43
Quanex 800 39
GrafTech International * 3,700 39
Hecla Mining *(ss.) 6,500 37
USEC 4,200 37
Commercial Metals 1,100 36
Coeur d'Alene Mines *(ss.) 8,600 35
Carpenter Technology 1,000 34
Oregon Steel Mills *(ss.) 2,300 34
Cleveland-Cliffs *(ss.) 600 34
Universal Stainless & Alloy Products * 2,900 32
AK Steel *(ss.) 5,844 31
Ryerson Tull 1,600 25
Northwest Pipe * 1,400 25
Royal Gold (ss.) 1,700 24
Westmoreland Coal *(ss.) 1,200 23
NN 1,600 20
Steel Technologies (ss.) 800 18
Synalloy * 1,500 15
U. S. Gold * 4,300 3
1,641
Paper & Forest Products 0.2%
Bowater 2,200 91
Potlatch 1,300 54
MAXXAM *(ss.) 1,500 40
Buckeye Technologies * 2,600 30
Wausau-Mosinee Paper 1,600 28
P.H. Glatfelter 1,800 25
Schweitzer Mauduit 800 25
Pope & Talbot 1,100 22
Deltic Timber 500 19
Badger Paper Mills * 2,000 10
FiberMark * 1,800 0
344
Total Materials 5,180
TELECOMMUNICATION SERVICES 1.4%
Diversified Telecommunication
Services 0.5%
NTL * 3,600 208
Level 3 Communications *(ss.) 26,500 94
Commonwealth Telephone
Enterprises *(ss.) 1,100 49
Cincinnati Bell * 9,448 42
PTEK Holdings * 2,700 31
IDT * 1,400 25
Lynch Interactive *(ss.) 700 24
Corvis *(ss.) 16,900 24
General Communications * 2,800 22
Time Warner Telecom *(ss.) 5,060 21
CT Communications (ss.) 1,400 21
Infonet Services * 11,100 20
Covad Communications Group *(ss.) 8,062 19
Surewest Communications (ss.) 600 19
D&E Communications (ss.) 1,409 19
Primus Telecommunications *(ss.) 3,400 17
US LEC *(ss.) 3,000 12
Hickory Technology 1,200 12
XETA Technologies * 2,400 12
Alaska Communications
Systems Group *(ss.) 1,000 6
McLeodUSA *(ss.) 3,461 2
Acceris Communications *(ss.) 900 2
McLeodUSA, Class A *(ss.)@ 16,412 0
701
Wireless Telecommunication
Services 0.9%
Telephone and Data Systems 2,500 178
U. S. Cellular * 3,700 143
Crown Castle International * 9,200 136
American Tower Systems, Class A * 8,600 131
Nextel Partners, Class A *(ss.) 8,100 129
Western Wireless, Class A * 3,900 113
Spectrasite * 1,900 82
Centennial Communication *(ss.) 6,500 46
Alamosa Holdings * 5,300 39
Price Communications 2,450 36
Wireless Facilities *(ss.) 2,800 27
@Road *(ss.) 3,200 24
Dobson Communications, Class A *(ss.) 6,000 20
Triton PCS Holdings, Class A *(ss.) 4,000 17
Boston Communications Group *(ss.) 1,600 16
Rural Cellular, Class A *(ss.) 1,700 15
Skyterra Communications * 2,000 15
Aether Systems *(ss.) 4,000 14
EMS Technologies * 400 8
Metro One Telecommunications *(ss.) 1,050 2
1,191
Total Telecommunication Services 1,892
UTILITIES 2.9%
Electric Utilities 1.3%
Wisconsin Energy 4,900 160
Texas Genco Holdings (ss.) 3,300 149
PEPCO Holdings 7,000 128
Alliant 4,700 123
DPL 5,900 115
Northeast Utilities 5,400 105
NSTAR 2,115 101
Puget Energy 4,600 101
OGE Energy 3,800 97
Great Plains Energy 3,200 95
Hawaiian Electric Industries (ss.) 3,000 78
WPS Resources 1,600 74
Public Service of New Mexico 3,000 62
DQE (ss.) 3,000 58
Western Resources 2,600 52
IdaCorp (ss.) 1,700 46
Black Hills 1,300 41
Unisource Energy (ss.) 1,500 37
CH Energy Group (ss.) 800 37
Cleco 1,900 34
El Paso Electric * 2,200 34
United Illuminating 600 29
Madison Gas & Electric 700 23
Central Vermont Public Service 1,100 23
Otter Tail (ss.) 800 21
Empire District Electronics (ss.) 800 16
UNITIL 600 16
Baycorp Holdings * 662 8
Maine Maritimes 100 3
1,866
Gas Utilities 0.5%
AGL Resources 2,900 84
Washington Gas & Light (ss.) 2,400 69
Piedmont Natural Gas Company (ss.) 1,600 68
Southern Union (ss.) 2,973 63
UGI 1,950 63
Atmos Energy (ss.) 1,900 49
New Jersey Resources 1,100 46
Northwest Natural Gas 900 27
Cascade Natural Gas 1,100 24
Southwest Gas 1,000 24
Laclede Gas (ss.) 700 19
Chesapeake Utilities (ss.) 800 18
SEMCO Energy 3,000 18
RGC Resources 700 17
South Jersey Industries 300 13
EnergySouth 300 12
NUI (ss.) 700 10
624
Multi-Utilities & Unregulated Power 1.0%
SCANA 4,610 168
Energy East 6,100 148
Questar 3,600 139
Reliant Resources * 12,500 135
Equitable Resources 2,600 135
MDU Resources Group 4,750 114
NRG Energy *(ss.) 4,600 114
National Fuel Gas Company 3,800 95
Vectren 3,399 85
ONEOK 3,700 81
Energen 1,300 63
Avista 2,300 42
Sierra Pacific Resources *(ss.) 5,300 41
Aquila * 6,788 24
Florida Public Utilities 1,033 19
1,403
Water Utilities 0.1%
Aqua America 3,951 79
California Water Service Group 1,000 28
Connecticut Water Service (ss.) 850 22
Pennichuck 200 5
134
Total Utilities 4,027
Total Common Stocks
(Cost $118,869) 132,892
CORPORATE BONDS 0.0%
Brookfield Homes, 12.00%,
6/30/20 5,000 5
Total Corporate Bonds (Cost $5) 5
SHORT-TERM INVESTMENTS 3.5%
Money Market Fund 3.1%
T. Rowe Price Reserve
Investment Fund, 1.16% # 4,385,035 4,385
Total Money Market Funds
(Cost $4,385) 4,385
U.S. Treasury Obligations 0.4%
U.S. Treasury Bills, 1.03%,
7/15/04 ++ 550,000 550
Total U.S. Government & Agencies
(Cost $550) 550
Total Short-Term Investments
(Cost $4,935) 4,935
SECURITIES LENDING COLLATERAL 21.9%
Money Market Pooled Account 21.9%
State Street Bank and Trust
Company of New Hampshire N.A.
Securities Lending
Quality Trust units, 1.22% # 30,381,715 30,382
Total Securities Lending
Collateral (Cost $30,382) 30,382
Total Investments in Securities
121.2% of Net Assets (Cost $154,190) $ 168,214
-------------------
Futures Contracts
($ 000s)
Contract Unrealized
Expiration Value Gain (Loss)
---------- -------- ----------
Long, 10 S&P Mid-Cap
400 Index contracts,
$151 par of U.S.
Treasury Bills pledged
as initial margin 9/04 $ 3,041 $ 58
Long, 8 Russell 2000
Index contracts, $122
par of U.S. Treasury Bills
pledged as initial margin 9/04 2,369 63
Long, 1 NASDAQ 100 Index
contracts, $17 par of U.S.
Treasury Bills pledged as
initial margin 9/04 152 0
Net payments (receipts) of
variation margin to date (82)
Variation margin receivable
(payable) on open
futures contracts $ 39
---------------
(1) Denominated in U.S. dollar unless otherwise noted
# Seven-day yield
* Non-income producing
(ss.) All or a portion of this security is on loan at June 30, 2004 - See Note 2
@ Valued by the T. Rowe Price Valuation Committee, established by the fund's
Board of Directors
++ All or a portion of this security is pledged to cover margin requirements
on futures contracts at June 30, 2004.
!! Security contains restrictions as to public resale pursuant to the
Securities Act of 1933 and related rules - total value of such securities
at period-end amounts to $16 and represents 0.0% of net assets
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited) June 30, 2004
STATEMENT OF ASSETS AND LIABILITIES
- --------------------------------------------------------------------------------
(In thousands except shares and per share amounts)
Assets
Investments in securities,
at value (cost $154,190) $ 168,214
Other assets 1,900
Total assets 170,114
Liabilities
Obligation to return securities
lending collateral 30,381
Other liabilities 991
Total liabilities 31,372
NET ASSETS $ 138,742
--------------------
Net Assets Consist of:
Undistributed net investment income (loss) $ 531
Undistributed net realized gain (loss) (15,614)
Net unrealized gain (loss) 14,145
Paid-in-capital applicable to
11,623,243 shares of $0.0001
par value capital stock outstanding;
1,000,000,000 shares of the
Corporation authorized 139,680
NET ASSETS $ 138,742
--------------------
NET ASSET VALUE PER SHARE $ 11.94
--------------------
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited)
STATEMENT OF OPERATIONS
- --------------------------------------------------------------------------------
($ 000s)
6 Months
Ended
6/30/04
Investment Income (Loss)
Income
Dividend $ 683
Securities lending 35
Total income 718
Investment management and
administrative expense 260
Net investment income (loss) 458
Realized and Unrealized
Gain (Loss)
Net realized gain (loss)
Securities 1,675
Futures 197
Net realized gain (loss) 1,872
Change in net unrealized
gain (loss)
Securities 4,756
Futures (2)
Change in net unrealized
gain (loss) 4,754
Net realized and unrealized
gain (loss) 6,626
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $ 7,084
--------------------
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited)
STATEMENT OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
($ 000s)
6 Months Year
Ended Ended
6/30/04 12/31/03
Increase (Decrease) in Net Assets
Operations
Net investment income (loss) $ 458 $ 776
Net realized gain (loss) 1,872 (76)
Change in net unrealized
gain (loss) 4,754 31,681
Increase (decrease) in net
assets from operations 7,084 32,381
Distributions to shareholders
Net investment income -- (733)
Capital share transactions *
Shares sold 29,609 42,770
Distributions reinvested -- 709
Shares redeemed (16,836) (22,910)
Redemption fees received 5 5
Increase (decrease) in net assets
from capital share transactions 12,778 20,574
Net Assets
Increase (decrease) during period 19,862 52,222
Beginning of period 118,880 66,658
End of period $ 138,742 $ 118,880
------------------------------------
(Including undistributed net
investment income of $531 at
6/30/04 and $73 at 12/31/03)
*Share information
Shares sold 2,525 4,525
Distributions reinvested -- 65
Shares redeemed (1,451) (2,437)
Increase (decrease) in shares outstanding 1,074 2,153
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Extended Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Semiannual Report (Unaudited) June 30, 2004
NOTES TO FINANCIAL STATEMENTS
- --------------------------------------------------------------------------------
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
T. Rowe Price Index Trust, Inc. (the trust) is registered under the Investment
Company Act of 1940 (the 1940 Act). The Extended Equity Market Index Fund (the
fund), a diversified, open-end management investment company, is one portfolio
established by the trust and commenced operations on January 30, 1998. The fund
seeks to match the performance of the U.S. stocks not included in the Standard &
Poor's 500 Stock Index(R), as represented by the Wilshire 4500 Completion Index.
The accompanying financial statements were prepared in accordance with
accounting principles generally accepted in the United States of America, which
require the use of estimates made by fund management.
Valuation
The fund values its investments and computes its net asset value per share at
the close of the New York Stock Exchange (NYSE), normally 4 p.m. ET, each day
that the NYSE is open for business. Equity securities listed or regularly traded
on a securities exchange or in the over-the-counter market are valued at the
last quoted sale price at the time the valuations are made, except for OTC
Bulletin Board securities, which are valued at the mean of the latest bid and
asked prices. A security that is listed or traded on more than one exchange is
valued at the quotation on the exchange determined to be the primary market for
such security. Listed securities not traded on a particular day are valued at
the mean of the latest bid and asked prices.
Debt securities are generally traded in the over-the-counter market. Securities
with original maturities of one year or more are valued at prices furnished by
dealers who make markets in such securities or by an independent pricing
service, which considers yield or price of bonds of comparable quality, coupon,
maturity, and type, as well as prices quoted by dealers who make markets in such
securities. Securities with original maturities of less than one year are valued
at amortized cost in local currency, which approximates fair value when combined
with accrued interest.
Investments in mutual funds are valued at the mutual fund's closing net asset
value per share on the day of valuation. Financial futures contracts are valued
at closing settlement prices.
Other investments and those for which the above valuation procedures are
inappropriate or are deemed not to reflect fair value are stated at fair value
as determined in good faith by the T. Rowe Price Valuation Committee,
established by the fund's Board of Trustees.
Redemption Fees
A 0.5% fee is assessed on redemptions of fund shares held less than 90 days to
deter short-term trading and protect the interests of long-term shareholders.
Redemption fees are withheld from proceeds that shareholders receive from the
sale or exchange of fund shares. The fees are paid to the fund, and have the
primary effect of increasing paid-in capital.
Investment Transactions, Investment Income, and Distributions
Income and expenses are recorded on the accrual basis. Premiums and discounts on
debt securities are amortized for financial reporting purposes. Dividends
received from mutual fund investments are reflected as dividend income; capital
gain distributions are reflected as realized gain/loss. Dividend income and
capital gain distributions are recorded on the ex-dividend date. Investment
transactions are accounted for on the trade date. Realized gains and losses are
reported on the identified cost basis. Payments ("variation margin") made or
received to settle the daily fluctuations in the value of futures contracts are
recorded as unrealized gains or losses until the contracts are closed.
Unrealized gains and losses on futures contracts are included in other assets
and other liabilities, respectively, and in the change in net unrealized gain or
loss in the accompanying financial statements. Distributions to shareholders are
recorded on the ex-dividend date. Income distributions are declared and paid an
annual basis. Capital gain distributions, if any, are declared and paid by the
fund, typically on an annual basis.
Other
In the normal course of business, the fund enters into contracts that provide
general indemnifications. The fund's maximum exposure under these arrangements
is dependent on claims that may be made against the fund in the future and,
therefore, cannot be estimated; however, based on experience, the risk of
material loss from such claims is considered remote.
NOTE 2 - INVESTMENT TRANSACTIONS
Consistent with its investment objective, the fund engages in the following
practices to manage exposure to certain risks or enhance performance. The
investment objective, policies, program, and risk factors of the fund are
described more fully in the fund's prospectus and Statement of Additional
Information.
Futures Contracts
During the six months ended June 30, 2004, the fund was a party to futures
contracts, which provide for the future sale by one party and purchase by
another of a specified amount of a specific financial instrument at an agreed
upon price, date, time, and place. Risks arise from possible illiquidity of the
futures market and from movements in security values.
Securities Lending
The fund lends its securities to approved brokers to earn additional income. It
receives as collateral cash and U.S. government securities valued at 102% to
105% of the value of the securities on loan. Cash collateral is invested in a
money market pooled trust managed by the fund's lending agent in accordance with
investment guidelines approved by fund management. Collateral is maintained over
the life of the loan in an amount not less than the value of loaned securities,
as determined at the close of fund business each day; any additional collateral
required due to changes in security values is delivered to the fund the next
business day. Although risk is mitigated by the collateral, the fund could
experience a delay in recovering its securities and a possible loss of income or
value if the borrower fails to return the securities. Securities lending revenue
recognized by the fund consists of earnings on invested collateral and borrowing
fees, net of any rebates to the borrower and compensation to the lending agent.
At June 30, 2004, the value of loaned securities was $29,724,000; aggregate
collateral consisted of $30,382,000 in the money market pooled trust and U.S.
government securities valued at $7,000.
Other
Purchases and sales of portfolio securities, other than short-term securities,
aggregated $18,265,000 and $5,847,000, respectively, for the six months ended
June 30, 2004.
NOTE 3 - FEDERAL INCOME TAXES
No provision for federal income taxes is required since the fund intends to
continue to qualify as a regulated investment company under Subchapter M of the
Internal Revenue Code and distribute to shareholders all of its taxable income
and gains. Federal income tax regulations differ from generally accepted
accounting principles; therefore, distributions determined in accordance with
tax regulations may differ in amount or character from net investment income and
realized gains for financial reporting purposes. Financial reporting records are
adjusted for permanent book/tax differences to reflect tax character. Financial
records are not adjusted for temporary differences. The amount and
character of tax-basis distributions and composition of net assets are finalized
at fiscal year-end; accordingly, tax-basis balances have not been determined as
of June 30, 2004.
The fund intends to retain realized gains to the extent of available capital
loss carryforwards. As of December 31, 2003, the fund had $17,382,000 of unused
capital loss carryforwards, of which $8,452,000 expire in 2009, $8,759,000
expire in 2010, and $171,000 expire in 2011.
At June 30, 2004, the cost of investments for federal income tax purposes was
$154,190,000. Net unrealized gain aggregated $14,145,000 at period-end, of which
$35,620,000 related to appreciated investments and $21,475,000 related to
depreciated investments.
NOTE 4 - RELATED PARTY TRANSACTIONS
The fund is managed by T. Rowe Price Associates, Inc. (the manager or Price
Associates), a wholly owned subsidiary of T. Rowe Price Group, Inc. The
investment management and administrative agreement between the fund and the
manager provides for an all-inclusive annual fee equal to 0.40% of the fund's
average daily net assets. The fee is computed daily and paid monthly. The
agreement provides that investment management, shareholder servicing, transfer
agency, accounting, and custody services are provided to the fund, and interest,
taxes, brokerage commissions, directors' fees and expenses, and extraordinary
expenses are paid directly by the fund. At June 30, 2004, $72,000 was payable
under the agreement.
The fund may invest in the T. Rowe Price Reserve Investment Fund and the T. Rowe
Price Government Reserve Investment Fund (collectively, the Reserve Funds),
open-end management investment companies managed by Price Associates. The
Reserve Funds are offered as cash management options to mutual funds, trusts,
and other accounts managed by Price Associates and/or its affiliates, and are
not available for direct purchase by members of the public. The Reserve Funds
pay no investment management fees. During the six months ended June 30, 2004,
dividend income from the Reserve Funds totaled $34,000.
T. Rowe Price Extended Equity Market Index Fund
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Certified Semiannual Report
INFORMATION ON PROXY VOTING
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A description of the policies and procedures that the T. Rowe Price Extended
Equity Market Index Fund uses to determine how to vote proxies relating to
portfolio securities is available, without charge, upon request by calling
1-800-225-5132. It also appears in the fund's Statement of Additional
Information (Form 485B), which can be found on the SEC's Web site, www.sec.gov.
Item 2. Code of Ethics.
A code of ethics, as defined in Item 2 of Form N-CSR, applicable to its
principal executive officer, principal financial officer, principal accounting
officer or controller, or persons performing similar functions is filed as an
exhibit to the registrant's annual Form N-CSR. No substantive amendments were
approved or waivers were granted to this code of ethics during the registrant's
most recent fiscal half-year.
Item 3. Audit Committee Financial Expert.
Disclosure required in registrant's annual Form N-CSR.
Item 4. Principal Accountant Fees and Services.
Disclosure required in registrant's annual Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Not applicable. The complete schedule of investments is included in Item 1 of
this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies.
Not applicable.
Item 8. Purchases of Equity Securities by Closed-End Management Investment
Company and Affiliated Purchasers.
Not applicable.
Item 9. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 10. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial officer
have evaluated the registrant's disclosure controls and procedures within 90
days of this filing and have concluded that the registrant's disclosure controls
and procedures were effective, as of that date, in ensuring that information
required to be disclosed by the registrant in this Form N-CSR was recorded,
processed, summarized, and reported timely.
(b) The registrant's principal executive officer and principal financial officer
are aware of no changes in the registrant's internal control over financial
reporting that occurred during the registrant's most recent fiscal half-year
that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
Item 11. Exhibits.
(a)(1) The registrant's code of ethics pursuant to Item 2 of Form N-CSR is filed
with the registrant's annual Form N-CSR.
(2) Separate certifications by the registrant's principal executive officer
and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of
1940, are attached.
(3) Written solicitation to repurchase securities issued by closed-end
companies: not applicable.
(b) A certification by the registrant's principal executive officer and
principal financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940,
is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
T. Rowe Price Index Trust, Inc.
By: /s/ James S. Riepe
James S. Riepe
Principal Executive Officer
Date: August 16, 2004
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ James S. Riepe
James S. Riepe
Principal Executive Officer
Date: August 16, 2004
By: /s/ Joseph A. Carrier
Joseph A. Carrier
Principal Financial Officer
Date: August 16, 2004