Item 1. Report to Shareholders
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
June 30, 2003
Certified
Financials
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials (Unaudited)
Financial Highlights For a share outstanding throughout each period
6 Months Year 1/30/98
Ended Ended Through
6/30/03 12/31/02 12/31/01 12/31/00 12/31/99 12/31/98
NET ASSET
VALUE
Beginning
of period $ 8.91 $ 11.44 $ 13.02 $ 14.77 $ 12.19 $ 10.00
Investment
activities
Net investment
income (loss) 0.05 0.11 0.11 0.12 0.12 0.11
Net realized
and unrealized
gain (loss) 1.07 (2.53) (1.57) (1.64) 2.69 2.20
Total from
investment
activities 1.12 (2.42) (1.46) (1.52) 2.81 2.31
Distributions
Net investment
income -- (0.11) (0.11) (0.11) (0.11) (0.12)
Net realized
gain -- -- (0.01) (0.12) (0.12) --
Total
distributions -- (0.11) (0.12) (0.23) (0.23) (0.12)
NET ASSET
VALUE
End of
period $ 10.03 $ 8.91 $ 11.44 $ 13.02 $ 14.77 $ 12.19
-------- -------- -------- -------- -------- --------
Ratios/Supplemental Data
Total return^ 12.57% (21.16)% (11.20)% (10.33)% 23.25% 23.19%
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 1.24%! 1.13% 0.98% 0.85% 0.98% 1.33%!
Portfolio
turnover rate 1.4%! 5.6% 8.6% 7.6% 3.2% 1.9%!
Net assets,
end of period
(in thousands) $234,903 $167,680 $197,775 $206,058 $199,427 $ 61,210
^ 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 Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials (Unaudited) June 30, 2003
Statement of Net Assets Shares/Par Value
- --------------------------------------------------------------------------------
In thousands
Common Stocks 96.7%
CONSUMER DISCRETIONARY 12.4%
Auto Components 0.3%
Johnson Controls 1,800 $ 154
Delphi 12,314 106
Lear * 1,300 60
Gentex * 1,700 52
Dana 4,200 49
Borg-Warner 700 45
Cooper Tire 2,200 39
Arvinmeritor 1,700 34
Visteon 4,986 34
Bandag (misc. symbol) 900 34
Modine Manufacturing 1,700 33
American Axle & Manufacturing Holdings * 1,300 31
Goodyear Tire & Rubber (misc. symbol) 5,200 27
Standard Motor Products, Class A 1,500 17
Rockford Corporation * 2,300 13
Tower Automotive *(misc. symbol) 1,900 7
735
Automobiles 0.5%
Ford Motor 37,361 411
GM (misc. symbol) 11,352 409
Harley-Davidson 6,100 243
Winnebago (misc. symbol) 900 34
1,097
Distributors 0.1%
Genuine Parts 3,400 109
Handleman * 1,700 27
Noland (misc. symbol) 400 14
150
Hotels, Restaurants & Leisure 1.5%
McDonald's 25,200 556
Carnival 12,200 397
Starbucks * 8,200 201
Marriott, Class A 4,800 184
Yum! Brands * 6,200 $ 183
International Game Technology * 1,700 174
Starwood Hotels & Resorts Worldwide, REIT 3,900 112
Hilton 7,972 102
Royal Caribbean Cruises 4,200 97
MGM Mirage * 2,800 96
Harrah's Entertainment * 2,200 89
Wendys 2,800 81
Darden Restaurants 3,900 74
Brinker * 1,950 70
Krispy Kreme *(misc. symbol) 1,300 54
GTECH * 1,300 49
Mandalay Resort Group (misc. symbol) 1,500 48
Park Place Entertainment * 5,000 45
PF Chang's China Bistro *(misc. symbol) 900 44
Cracker Barrel 1,100 43
Cedar Fair L. P. (misc. symbol) 1,500 42
Station Casinos * 1,600 40
Ruby Tuesday 1,600 40
Outback Steakhouse 1,000 39
Choice Hotels International * 1,400 38
Bob Evans Farms 1,300 36
Cheesecake Factory * 1,000 36
Applebee's 1,125 35
Speedway Motorsports (misc. symbol) 1,300 35
Ryan's Family Steak Houses * 2,300 32
International Speedway, Class A 800 32
Jack In The Box * 1,400 31
Gaylord Entertainment * 1,400 27
Argosy Gaming * 1,300 27
Triarc Companies, Class A *(misc. symbol) 900 27
Extended Stay America * 2,000 27
Landry's Seafood Restaurant 1,100 26
Papa John's International *(misc. symbol) 900 25
WMS Industries *(misc. symbol) 1,500 23
Boca Resorts, Class A *(misc. symbol) 1,700 22
Lone Star Steakhouse & Saloon 1,000 22
John Q. Hammons Hotels, Class A * 3,500 $ 21
Multimedia Games *(misc. symbol) 800 20
Prime Hospitality * 2,900 20
CEC Entertainment * 500 19
MTR Gaming Group * 2,300 18
Vail Resorts * 1,200 16
Six Flags *(misc. symbol) 1,900 13
3,488
Household Durables 0.8%
Fortune Brands 2,900 151
Newell Rubbermaid 5,276 148
Centex 1,400 109
Whirlpool 1,400 89
Pulte 1,400 86
Lennar, Class A (misc. symbol) 1,200 86
D. R. Horton 2,880 81
KB Home 1,200 74
NVR * 180 74
Mohawk Industries * 1,331 74
Leggett & Platt 3,600 74
Black & Decker 1,600 70
Harman International 700 55
Hovnanian Enterprises, Class A *
(misc. symbol) 900 53
Stanley Works 1,900 52
American Greetings, Class A *(misc. symbol) 2,500 49
Maytag 1,700 42
Toll Brothers * 1,400 40
Furniture Brands International * 1,500 39
Clayton Homes 3,100 39
Snap-On 1,300 38
Ryland Group 500 35
Meritage *(misc. symbol) 700 34
Tupperware 2,300 33
Russ Berrie 900 33
MDC Holdings (misc. symbol) 640 31
La-Z Boy (misc. symbol) 1,300 29
Ethan Allen Interiors (misc. symbol) 800 28
Kimball International, Class B 1,800 28
Blyth Industries 1,000 $ 27
Skyline 800 24
Stanley Furniture 800 22
Helen of Troy Limited * 1,400 21
Fleetwood *(misc. symbol) 2,600 19
Knape & Vogt Manufacturing 1,600 17
1,904
Internet & Catalog Retail 0.4%
e-Bay * 6,400 667
Amazon.com *(misc. symbol) 7,800 284
J. Jill Group *(misc. symbol) 1,300 22
ValueVision International, Class A * 1,600 22
Insight Enterprises *(misc. symbol) 1,750 17
priceline.com *(misc. symbol) 750 17
1,029
Leisure Equipment & Products 0.3%
Eastman Kodak 6,000 164
Mattel 8,300 157
Hasbro 3,800 67
Brunswick 2,200 55
K2 * 3,034 37
Polaris Industries (misc. symbol) 600 37
SCP Pool *(misc. symbol) 1,025 35
Arctic Cat (misc. symbol) 1,200 23
Oakley * 1,900 23
Callaway Golf 1,600 21
Action Performance (misc. symbol) 1,000 19
Nautilus Group (misc. symbol) 1,375 17
Boyds Collection *(misc. symbol) 2,400 11
666
Media 4.6%
Viacom, Class B * 34,658 1,513
AOL Time Warner * 87,720 1,411
Comcast, Class A * 44,994 1,358
Disney 40,600 802
Liberty Media, Class A * 48,600 562
Clear Channel Communications * 12,301 522
Gannett 5,200 399
Cox Communications, Class A * 11,800 $ 376
Hughes Electronics * 21,992 282
Tribune 5,822 281
Omnicom 3,700 265
McGraw-Hill 3,600 223
Fox Entertainment Group, Class A * 7,300 210
Echostar Communications, Class A * 4,900 170
Univision Communications, Class A *
(misc. symbol) 5,000 152
New York Times, Class A 3,300 150
Scripps, Class A 1,500 133
Washington Post, Class B 170 125
Knight-Ridder 1,800 124
Interpublic Group 8,012 107
Westwood One * 2,300 78
Cablevision Systems, Class A *
(misc. symbol) 3,700 77
Dow Jones 1,600 69
Pixar *(misc. symbol) 1,100 67
Meredith 1,300 57
Hispanic Broadcasting * 2,200 56
Radio One, Class A * 3,100 55
Metro Goldwyn Mayer * 4,300 53
Lamar Advertising, Class A * 1,500 53
McClatchy, Class A 900 52
Entercom Communications * 1,000 49
TiVo * 4,000 49
PanAmSat * 2,500 46
Getty Images * 1,100 45
Hearst-Argyle Television * 1,700 44
Lee Enterprises 1,100 41
Belo Corporation 1,800 40
Gemstar TV Guide * 7,300 37
Harte-Hanks 1,900 36
Cumulus Media, Class A * 1,900 36
Cox Radio, Class A * 1,500 35
Liberty 800 34
Hollinger International, Class A 3,100 33
John Wiley & Sons, Class A 1,200 32
ADVO * 700 $ 31
Gray Communications System 2,500 31
Grey Advertising 40 31
R.H. Donnelley * 840 31
Mediacom Communications, Class A *
(misc. symbol) 3,100 31
Interactive Data * 1,800 30
Insight Communications, Class A *
(misc. symbol) 2,300 30
Emmis Communications *(misc. symbol) 1,300 30
Charter Communications, Class A *
(misc. symbol) 7,400 29
Media General, Class A 500 29
Reader's Digest, Class A 2,100 28
Regal Entertainment Group, Class A
(misc. symbol) 1,200 28
Spanish Broadcasting, Class A * 3,000 25
Information Holdings * 1,300 24
Journal Register * 1,300 24
Regent Communications * 3,600 21
Catalina Marketing * 1,200 21
Scholastic *(misc. symbol) 700 21
ProQuest *(misc. symbol) 800 21
Entravision Communications, Class A * 1,500 17
AMC Entertainment * 1,400 16
4Kids Entertainment *(misc. symbol) 800 15
Paxson Communications * 2,300 14
10,917
Multiline Retail 1.0%
Target 18,300 692
Kohl's * 6,900 354
Sears (misc. symbol) 6,400 215
Federated Department Stores 3,900 144
Family Dollar Stores 3,500 134
Dollar General 7,050 129
May Department Stores 5,750 128
J.C. Penney 5,400 91
Dollar Tree Stores * 2,300 73
Nordstrom (misc. symbol) 3,400 66
99 Cents Only Stores *(misc. symbol) 1,600 55
Tuesday Morning *(misc. symbol) 1,500 39
Neiman Marcus, Class A * 1,000 37
Big Lots * 2,300 $ 35
Dillards, Class A 2,500 34
Saks * 2,775 27
Shopko Stores *(misc. symbol) 1,600 21
2,274
Specialty Retail 2.5%
Home Depot 45,750 1,515
Lowe's 15,600 670
GAP 17,750 333
Best Buy * 6,400 281
Bed Bath & Beyond * 5,700 221
TJX 10,800 203
Staples * 9,950 183
AutoZone * 2,100 160
The Limited 10,255 159
Tiffany 3,000 98
Weight Watchers *(misc. symbol) 2,100 95
Office Depot * 6,500 94
Autonation * 5,800 91
Radio Shack 3,300 87
Sherwin-Williams 3,000 81
Williams-Sonoma * 2,500 73
Ross Stores 1,500 64
Toys "R" Us * 5,200 63
Rent-A-Center * 800 61
PETsMART * 3,600 60
CarMax * 1,929 58
Advanced Auto Parts * 800 49
Abercrombie & Fitch, Class A * 1,616 46
Michaels Stores * 1,200 46
AnnTaylor Stores * 1,550 45
Circuit City Stores 4,900 43
O'Reilly Automotive *(misc. symbol) 1,200 40
Claire's Stores 1,500 38
Chico's *(misc. symbol) 1,800 38
Borders Group * 2,100 37
Cost Plus * 1,000 36
Foot Locker 2,600 34
Hollywood Entertainment * 1,900 $ 33
Talbots 1,100 32
Zale * 800 32
Linens 'n Things * 1,300 31
Pier 1 Imports 1,500 31
Group One Automotive *
(misc. symbol) 900 29
Pacific Sunwear * 1,150 28
Pep Boys (misc. symbol) 2,000 27
Gadzooks *(misc. symbol) 4,700 27
American Eagle Outfitters * 1,450 27
Barnes & Noble * 1,100 25
Men's Wearhouse *(misc. symbol) 1,100 24
Burlington Coat Factory 1,300 23
Guitar Center *(misc. symbol) 800 23
Electronics Boutique Holdings *
(misc. symbol) 1,000 23
Hibbett Sporting Goods * 700 23
West Marine *(misc. symbol) 1,300 23
Christopher & Banks * 600 22
Gymboree * 1,300 22
bebe stores *(misc. symbol) 1,100 21
Regis 700 20
PC Connection * 2,950 20
Genesco *(misc. symbol) 1,100 19
Too *(misc. symbol) 957 19
Hot Topic *(misc. symbol) 700 19
Deb Shops 1,000 19
Sports Authority * 1,600 17
Payless Shoesource * 1,206 15
Ultimate Electronics *(misc. symbol) 1,000 13
Tweeter Home Entertainment Group *
(misc. symbol) 1,200 10
United Retail Group * 4,100 8
Charming Shoppes *(misc. symbol) 1,600 8
Footstar *(misc. symbol) 600 8
5,823
Textiles, Apparel, & Luxury Goods 0.4%
Nike, Class B 5,500 294
Liz Claiborne 2,500 88
Coach * 1,700 85
Jones Apparel Group * 2,800 $ 82
V. F. 2,400 81
Columbia Sportswear * 1,000 51
Reebok * 1,300 44
Timberland, Class A * 800 42
Kellwood 1,000 32
K-Swiss, Class A (misc. symbol) 900 31
Polo Ralph Lauren, Class A 1,200 31
Rocky Shoes & Boots * 3,300 30
Nautica Enterprises * 1,900 24
Movado Group 1,100 24
Russell 1,200 23
Tarrant Apparel *(misc. symbol) 4,000 12
Unifi * 1,800 11
Culp *(misc. symbol) 900 6
991
Total Consumer Discretionary 29,074
CONSUMER STAPLES 9.7%
Beverages 2.2%
Coca-Cola 49,400 2,293
PepsiCo 34,370 1,530
Anheuser-Busch 16,600 847
Coca-Cola Enterprises 8,400 153
Pepsi Bottling Group 6,100 122
Brown-Forman, Class B 1,200 94
Constellation Brands, Class A * 1,900 60
PepsiAmericas 2,900 36
Coors, Class B (misc. symbol) 700 34
Robert Mondavi, Class A *(misc. symbol) 700 18
Todhunter International * 1,700 17
5,204
Food & Staples Retailing 3.1%
Wal-Mart 87,200 4,680
Walgreen 20,000 602
Sysco 13,000 391
Costco Wholesale * 8,800 322
Kroger * 15,300 $ 255
CVS 7,700 216
Safeway * 9,000 184
Albertson's 7,790 150
Supervalu 3,300 70
Whole Foods Market * 1,200 57
Performance Food Group *
(misc. symbol) 1,200 44
Winn-Dixie (misc. symbol) 3,500 43
BJ's Wholesale Club * 2,200 33
Weis Markets 1,000 31
Rite Aid *(misc. symbol) 6,700 30
United Natural Foods * 1,000 28
Ruddick 1,500 24
Great Atlantic & Pacific Tea Company *
(misc. symbol) 2,600 23
Longs Drug Stores (misc. symbol) 1,300 22
Duane Reade *(misc. symbol) 1,300 19
Topps * 2,100 18
7,242
Food Products 1.4%
General Mills 7,300 346
Kellogg 8,200 282
Sara Lee 14,900 280
Wrigley 4,400 247
ConAgra 10,108 239
Heinz 6,400 211
Campbell Soup 7,800 191
Kraft Foods, Class A 5,200 169
Hershey Foods 2,400 167
Archer-Daniels-Midland 12,272 158
McCormick 2,900 79
Dean Foods * 2,479 78
Bunge Limited 2,500 71
Tyson Foods, Class A 6,054 64
Smithfield Foods * 2,800 64
Dreyer's Grand Ice Cream, Class A
(misc. symbol) 800 63
Hormel Foods 2,600 62
Fresh Del Monte Produce
(misc. symbol) 2,100 54
Del Monte Foods * 4,811 43
Lancaster Colony 1,100 $ 42
Flowers Foods 1,785 35
Sensient Technologies Corporation
(misc. symbol) 1,400 32
J.M. Smucker Company 806 32
Horizon Organic *(misc. symbol) 1,300 31
Delta Pine & Land 1,400 31
Tootsie Roll Industries 958 29
Corn Products International 900 27
Hain Celestial Group * 1,600 26
American Italian Pasta, Class A *
(misc. symbol) 600 25
Lance 2,600 24
Interstate Bakeries 1,800 23
Pilgrim's Pride (misc. symbol) 2,200 21
Alico (misc. symbol) 800 20
Tasty Baking (misc. symbol) 1,100 12
Galaxy Nutritional Foods * 3,900 11
3,289
Household Products 1.6%
Procter & Gamble 25,600 2,283
Colgate-Palmolive 10,800 626
Kimberly-Clark 9,900 516
Clorox 4,300 183
Dial Corp. 2,400 47
Energizer * 1,400 44
3,699
Personal Products 0.5%
Gillette 20,400 650
Avon 4,800 299
Estee Lauder, Class A 2,700 90
Alberto Culver, Class B (misc. symbol) 1,400 71
NBTY * 2,000 42
Del Laboratories (misc. symbol) 1,102 26
Elizabeth Arden *(misc. symbol) 1,800 24
Chattem *(misc. symbol) 1,200 23
Playtex Products * 2,800 18
1,243
Tobacco 0.9%
Altria Group 40,400 $ 1,836
UST 3,100 109
R.J. Reynolds Tobacco 2,133 79
Vector Group (misc. symbol) 1,834 32
Universal Corporation 500 21
DiMon 2,600 19
Schweitzer Mauduit 500 12
2,108
Total Consumer Staples 22,785
ENERGY 5.5%
Energy Equipment & Services 1.1%
Schlumberger 11,672 555
Baker Hughes 6,800 228
Halliburton 9,300 214
Transocean * 6,125 135
Nabors Industries * 3,230 128
BJ Services * 3,400 127
GlobalSantaFe 5,096 119
Noble Drilling * 2,700 93
Weatherford International * 2,100 88
ENSCO International 2,400 65
Smith International * 1,700 62
Patterson-UTI Energy * 1,800 58
Rowan * 2,600 58
Diamond Offshore Drilling
(misc. symbol) 2,500 52
Cooper Cameron * 1,000 50
Pride International * 2,400 45
Varco International * 2,153 42
Grant Prideco * 2,900 34
National Oilwell * 1,400 31
Tidewater 1,000 29
Key Energy Services * 2,600 28
Superior Energy * 2,900 28
FMC Technologies * 1,287 27
Unit Corp. * 1,100 23
Oceaneering International * 900 $ 23
Hanover Compressor * 1,900 21
TETRA Technologies * 700 21
Helmerich & Payne 700 20
Newpark Resources * 3,600 20
Veritas DGC *(misc. symbol) 1,400 16
W-H Energy Services * 800 16
Global Industries * 3,100 15
Carbo Ceramics 400 15
Universal Compression Holdings *
(misc. symbol) 700 15
Offshore Logistics * 600 13
Atwood Oceanics *(misc. symbol) 400 11
Parker Drilling * 3,200 9
Input/Output * 1,100 6
2,540
Oil & Gas 4.4%
Exxon Mobil 133,062 4,778
ChevronTexaco 21,514 1,553
ConocoPhillips 13,634 747
Occidental Petroleum 7,700 258
Devon Energy 4,766 255
Burlington Resources 4,300 233
Anadarko Petroleum 4,829 215
Apache 3,293 214
Marathon Oil 6,700 177
Unocal 5,514 158
Amerada Hess 2,100 103
Kerr-McGee 2,261 101
EOG Resources 2,400 100
Murphy Oil 1,900 100
Enterprise Products Partners 3,500 79
XTO Energy 3,666 74
Sunoco 1,900 72
Valero Energy 1,900 69
Pioneer Natural Resources * 2,300 60
Pogo Producing 1,300 56
Plains All Amer Pipeline (misc. symbol) 1,600 50
Newfield Exploration * 1,300 49
Ashland 1,500 $ 46
Western Gas Resources (misc. symbol) 1,100 44
Ultra Petroleum *(misc. symbol) 3,300 43
Westport Resources * 1,790 41
Teppco Partners 1,100 40
Buckeye Partners 1,000 39
Noble Energy 1,000 38
Patina Oil & Gas 1,093 35
Stone Energy * 800 34
Chesapeake Energy 3,308 33
Hugoton Royalty Trust 1,800 33
BP Prudhoe Bay Royalty Trust
(misc. symbol) 1,700 32
General Maritime *(misc. symbol) 3,000 30
Spinnaker Exploration *(misc. symbol) 1,100 29
Petroleum Development * 3,100 28
Houston Exploration * 800 28
Premcor * 1,200 26
Forest Oil * 1,000 25
Cabot Oil & Gas, Class A 900 25
Vintage Petroleum 2,200 25
Cimarex Energy * 1,018 24
Denbury Resources *(misc. symbol) 1,800 24
Remington Oil & Gas * 1,200 22
Penn Virginia 500 22
Plains Resources * 1,500 21
Magnum Hunter Resources *(misc. symbol) 2,600 21
Tom Brown * 700 19
Tesoro Petroleum * 2,300 16
EXCO Resources * 800 14
Syntroleum * 3,100 8
Plains Exploration & Production *
(misc. symbol) 700 8
10,374
Total Energy 12,914
FINANCIALS 21.0%
Capital Markets 3.0%
J.P. Morgan Chase 40,410 $ 1,381
Morgan Stanley 21,700 928
Merrill Lynch 18,700 873
Goldman Sachs Group 9,500 796
Bank of New York 14,700 423
Lehman Brothers 5,000 332
State Street 6,900 272
Charles Schwab 26,506 267
Mellon Financial 8,800 244
Franklin Resources 5,400 211
Northern Trust 4,500 188
Bear Stearns 2,127 154
Janus Capital Group 6,000 98
Legg Mason 1,300 84
Federated Investors, Class B 2,650 73
AmeriTrade *(misc. symbol) 8,500 63
E*TRADE Group * 6,800 58
SEI 1,800 58
John Nuveen, Class A 2,100 57
A.G. Edwards 1,600 55
Neuberger Berman 1,350 54
Eaton Vance 1,500 47
Waddell & Reed Financial, Class A 1,751 45
Investor's Financial Services
(misc. symbol) 1,500 44
Jeffries Group (misc. symbol) 800 40
Allied Capital 1,700 39
Affiliated Managers Group *(misc. symbol) 600 37
LaBranche & Co. (misc. symbol) 1,700 35
Raymond James Financial 1,000 33
Knight/Trimark Group *(misc. symbol) 4,700 29
Investment Technology Group * 1,500 28
American Capital Strategies
(misc. symbol) 900 22
Stifel Financial * 1,500 18
PMC Capital 3,700 18
7,104
Commercial Banks 6.3%
Bank of America 29,529 $ 2,334
Wells Fargo 32,952 1,661
Wachovia 27,048 1,081
U.S. Bancorp 36,955 905
Bank One 23,236 864
Fifth Third Bancorp 11,536 662
FleetBoston Financial 20,538 610
National City 12,540 410
SunTrust 5,768 342
BB&T 9,545 327
PNC Financial Services Group 5,900 288
KeyCorp 8,200 207
SouthTrust 7,000 190
M & T Bank 2,200 185
Comerica 3,500 163
AmSouth 7,367 161
Regions Financial 4,600 155
Charter One Financial 4,832 151
Marshall & Ilsley 4,578 140
Union Planters 4,400 137
UnionBancal 3,100 128
Synovus Financial 5,800 125
First Tennessee National 2,700 119
North Fork Bancorporation 3,400 116
Popular 2,900 112
Zions Bancorp 2,100 106
Huntington Bancshares 5,066 99
National Commerce Financial 3,850 85
Compass Bancshares 2,100 73
Banknorth Group 2,654 68
Valley National Bancorp 2,303 61
TCF Financial 1,500 60
Commerce Bancorp (misc. symbol) 1,600 59
Commerce Bancshares 1,471 57
First Virginia Banks 1,250 54
Hibernia Corp., Class A 2,800 51
Bank of Hawaii 1,500 $ 50
Associated Banc-Corp 1,310 48
Mercantile Bankshares 1,200 47
City National 1,000 45
Hudson United Bancorp 1,270 43
Fulton Financial 2,076 41
UCBH Holdings 1,400 40
Pacific Capital Bancorp 1,133 40
F.N.B. (misc. symbol) 1,292 39
WestAmerica 900 39
Sky Financial 1,733 38
United Bankshares 1,300 37
Texas Regional Bancshares, Class A 1,045 36
East West Bancorp 1,000 36
FirstBank Puerto Rico (misc. symbol) 1,300 36
Wilmington Trust, Series A 1,200 35
Unity Bancorp (misc. symbol) 3,465 35
FirstMerit 1,500 34
South Financial Group 1,465 34
UMB Financial 798 34
Capitol Bancorp Limited 1,247 34
BOK Financial 874 34
Whitney Holding 1,050 34
Republic Bancorp 2,497 34
Silicon Valley Bancshares *(misc. symbol) 1,400 33
Provident Financial Group (misc. symbol) 1,300 33
Santander Bancorp (misc. symbol) 2,030 33
First Midwest Bancorp 1,150 33
Community First Bankshares 1,200 33
CVB Financial (misc. symbol) 1,668 33
Cullen/Frost Bankers 1,000 32
International Bancshares 875 31
Greater Bay Bancorp (misc. symbol) 1,500 31
Hancock Holding (misc. symbol) 650 31
Provident Bankshares 1,199 31
IBERIABANK 600 29
Southwest Bancorp * 900 29
Frontier Financial 1,000 $ 28
First Financial Bancorp 1,770 28
Susquehanna Bancshares 1,200 28
Trustmark 1,100 28
Amcore Financial 1,200 28
Colonial BancGroup 2,000 28
Boston Private Financial (misc. symbol) 1,300 27
Community Banks (misc. symbol) 919 27
Bank of the Ozarks (misc. symbol) 700 27
NBT Bancorp 1,400 27
Old National Bancorp (misc. symbol) 1,172 27
U.S.B. Holding Company 1,490 26
Gold Banc 2,500 26
Sterling Bancshares 1,950 26
Fidelity Southern 2,200 25
Sandy Spring Bancorp (misc. symbol) 800 25
Wintrust Financial (misc. symbol) 850 25
Southwest Bancorp 900 25
First Charter (misc. symbol) 1,400 24
Citizens Banking 900 24
Community Capital 1,500 24
Community Bankshares of Indiana 1,400 24
Midwest Banc Holdings (misc. symbol) 1,200 23
Prosperity Bancshares 1,200 23
Peoples Bancorp 900 23
Berkshire Hills Bancorp 800 23
Peoples Holding (misc. symbol) 500 22
Peoples Financial 1,500 22
Integra Bank 1,271 22
First City Bank (misc. symbol) 1,300 22
Chittenden 775 21
BanCorpSouth 1,000 21
Bay View Capital * 3,600 21
Omega Financial 600 21
Mid-State Bancshares 1,000 20
1st Source (misc. symbol) 1,030 19
Capital Corp of the West (misc. symbol) 700 18
BWC Financial 904 $ 18
WesBanco 700 17
First M&F Corporation 500 16
German American Bancorp (misc. symbol) 928 16
Metrocorp Bancshares 1,300 16
First Merchants (misc. symbol) 600 15
Merrill Merchants Bancorp 879 14
Savannah Bancorp 600 14
14,705
Consumer Finance 1.0%
American Express 25,700 1,074
MBNA 24,375 508
SLM Corporation 8,700 341
Capital One Financial 4,300 211
Providian Financial * 7,400 69
Student Loan Corporation 400 50
CompuCredit * 3,500 43
WFS Financial * 1,000 33
World Acceptance * 2,000 33
Advanta (misc. symbol) 2,955 29
Credit Acceptance Corporation *
(misc. symbol) 2,700 27
AmeriCredit *(misc. symbol) 2,800 24
Metris Companies 1,200 7
2,449
Diversified Financial Services 2.2%
Citigroup 102,214 4,375
Principal Financial Group 6,600 213
Moody's 3,200 169
CIT Group 4,500 111
Alliance Capital 1,900 69
Chicago Merchantile Exchange Holdings
(misc. symbol) 900 63
Leucadia National 900 33
GATX (misc. symbol) 1,500 24
5,057
Insurance 4.8%
American International Group 52,018 2,870
Berkshire Hathaway, Class A * 25 1,812
Marsh & McLennan 10,700 546
Allstate 14,100 $ 503
MetLife 14,400 408
Prudential Financial 11,300 380
Progressive Corporation 4,450 325
Travelers Property Casualty, Class B 20,098 317
AFLAC 10,200 314
Hartford Financial Services Group 5,500 277
Chubb 3,600 216
John Hancock Financial Services 6,100 187
Loews 3,900 184
Aon 6,650 160
St. Paul Companies 4,100 150
AMBAC 2,250 149
Jefferson Pilot 3,200 133
Lincoln National 3,600 128
MBIA 2,600 127
Cincinnati Financial 3,400 126
White Mountains Insurance Group
(misc. symbol) 270 107
SAFECO 2,800 99
CNA Financial *(misc. symbol) 4,000 98
Torchmark 2,500 93
Fidelity National Financial 2,550 78
W. R. Berkley 1,300 69
UnumProvident 4,576 61
Transatlantic Holdings 850 59
Old Republic International 1,700 58
Mercury General (misc. symbol) 1,100 50
Brown and Brown 1,400 46
Erie Indemnity (misc. symbol) 1,100 45
American National Insurance 500 43
Markel * 160 41
Arthur J. Gallagher 1,500 41
First American Financial 1,485 39
HCC Insurance Holdings 1,300 38
Unitrin 1,400 38
UICI * 2,500 38
Hilb Rogal and Hamilton (misc. symbol) 1,100 37
Arch Capital Group * 1,000 $ 35
Alfa 2,700 34
LandAmerica Financial Group 700 33
Delphi Financial (misc. symbol) 700 33
Commerce Group 900 33
Nationwide Financial Services, Class A 1,000 33
Protective Life 1,200 32
FPIC Insurance Group *(misc. symbol) 2,300 32
Presidential Life (misc. symbol) 2,100 30
Zenith National (misc. symbol) 1,000 29
ProAssurance * 1,024 28
FBL Financial Group, Class A 1,332 27
Midland (misc. symbol) 1,200 27
Triad Guaranty * 700 27
StanCorp Financial Group 500 26
21st Century Insurance Group 1,800 26
Great American Financial Resources 1,900 25
Phoenix Companies (misc. symbol) 2,600 23
RLI 700 23
American Financial Group (misc. symbol) 1,000 23
United Fire & Casualty 700 23
Ohio Casualty *(misc. symbol) 1,700 22
MONY Group (misc. symbol) 800 22
Penn-America Group 1,900 21
Financial Industries Corporation 1,390 20
AmerUs Life (misc. symbol) 700 20
Horace Mann Educators 1,200 19
Allmerica Financial, Common * 900 16
Reinsurance Group of America 500 16
Vesta Insurance 4,600 11
Citizens Financial *(misc. symbol) 600 4
11,263
Real Estate 1.6%
Equity Office Properties, REIT 8,661 234
Simon Property Group, REIT 4,100 160
Equity Residential, REIT 6,000 156
Vornado Realty Trust, REIT 2,400 105
ProLogis Trust, REIT 3,776 103
Plum Creek Timber 3,744 $ 97
Boston Properties, REIT 2,200 96
General Growth Properties, REIT 1,500 94
Kimco Realty, REIT 2,350 89
Public Storage, REIT 2,600 88
IStar Financial, REIT 2,317 85
Apartment Investment & Management,
Class A, REIT 2,300 80
Duke Realty, REIT 2,800 77
Archstone-Smith Trust, REIT 3,200 77
Rouse, REIT 1,800 69
Health Care Property Investors, REIT 1,500 64
Avalonbay Communities, REIT 1,407 60
AMB Property, REIT 2,000 56
Regency Centers, REIT 1,600 56
Liberty Property Trust, REIT 1,600 55
Developers Diversified Realty, REIT 1,900 54
Host Marriott, REIT * 5,900 54
Weingarten Realty Investors, REIT 1,250 52
Annaly Mortgage Management, REIT
(misc. symbol) 2,500 50
Pan Pacific Retail Properties, REIT 1,200 47
Hospitality Properties Trust, REIT 1,500 47
Arden Realty, REIT 1,800 47
Crescent Real Estate Equities, REIT 2,800 47
Forest City Enterprises 1,100 46
Trizec Properties 4,000 45
Federal Realty Investment Trust, REIT 1,400 45
CarrAmerica Realty, REIT 1,600 45
St. Joe 1,400 44
Mills, REIT (misc. symbol) 1,300 44
BRE Properties, Class A, REIT 1,300 43
CBL & Associates Properties, REIT 1,000 43
Centerpoint Properties, REIT 700 43
Camden Property Trust, REIT 1,200 42
Chateau Communities, REIT 1,400 41
First Industrial Realty, REIT 1,300 41
Cousins Properties, REIT 1,450 40
Mack-Cali Realty, REIT 1,100 40
Shurgard Storage Centers, Class A, REIT 1,200 $ 40
Catellus Development * 1,800 40
Vencor 2,600 39
Heritage Property Investment Trust 1,400 38
Highwoods Properties, REIT 1,700 38
Post Properties, REIT 1,400 37
New Plan Excel Realty, REIT 1,700 36
United Dominion Realty Trust, REIT 2,100 36
Home Properties of New York, REIT 1,000 35
Manufactured Home Communities, REIT 1,000 35
Taubman Centers, REIT 1,800 34
Brandywine Realty Trust, REIT 1,400 34
Kilroy Realty, REIT 1,200 33
Nationwide Health Properties, REIT
(misc. symbol) 2,000 32
Corrections Corp of America * 1,223 31
Felcor Lodging Trust, REIT (misc. symbol) 3,748 29
RFS Hotel Investors, REIT 2,200 27
Mid-America Apartment Communities, REIT 1,000 27
Getty Realty, REIT 1,200 27
Bedford Property Investors, REIT 900 26
Parkway Properties, REIT 600 25
Consolidated-Tomoka Land 1,000 25
Koger Equity, REIT 1,400 24
Trammell Crow * 2,000 21
Innkeepers USA, REIT 3,100 21
WP Carey & Co 700 21
Great Lakes, REIT (misc. symbol) 1,300 21
Mission West Properties, REIT 1,800 20
Wellsford Real Properties * 1,200 18
One Liberty Properties 1,100 18
Agree Realty, REIT 700 17
MeriStar Hospitality, REIT 3,100 16
American Mortgage Acceptance, REIT 900 16
Reckson Associates Realty, REIT 700 15
AmeriVest Properties, REIT
(misc. symbol) 2,200 14
Monmouth Real Estate Investment,
Class A, REIT 1,700 12
3,879
Thrifts & Mortgage Finance 2.1%
Fannie Mae 19,500 $ 1,315
Washington Mutual 19,106 789
Freddie Mac 13,700 695
Golden West Financial 3,200 256
Countrywide Financial 2,600 181
Greenpoint Financial 2,200 112
Hudson City Bancorp 4,100 105
MGIC Investment 2,000 93
New York Community Bancorp 3,090 90
Doral Financial 1,700 76
Sovereign Bancorp 4,520 71
Radian Group 1,600 59
Astoria Financial 1,850 52
Fremont General (misc. symbol) 3,700 51
Capitol Federal Financial (misc. symbol) 1,800 51
People's Bank 1,700 49
Webster Financial 1,300 49
Roslyn Bancorp (misc. symbol) 2,200 47
IndyMac Mortgage Holdings 1,800 46
Washington Federal 1,970 46
Staten Island Bancorp (misc. symbol) 2,200 43
PMI Group 1,500 40
First Niagara Financial 2,528 35
Brookline Bancorp (misc. symbol) 2,393 33
MAF Bancorp 900 33
BankAtlantic, Class A 2,700 32
Net Bank 2,421 32
FirstFed Financial * 900 32
Independence Community Bank 1,100 31
FSF Financial 1,000 30
Downey Financial 700 29
Anchor Bancorp Wisconsin 1,200 29
Waypoint Financial 1,553 28
Commercial Federal 1,300 27
St. Francis Capital 900 26
Abington Bancorp 900 23
Troy Financial (misc. symbol) 820 $ 22
First Busey Corporation, Class A
(misc. symbol) 900 22
Flushing Financial 900 20
Alliance Bank 800 18
Horizon Financial 900 14
4,832
Total Financials 49,289
HEALTH CARE 14.1%
Biotechnology 1.9%
Amgen * 25,384 1,686
Genentech * 4,300 310
Gilead Sciences * 3,940 219
Genzyme * 4,500 188
MedImmune * 4,852 176
Chiron * 4,000 175
Biogen * 3,200 122
Millennium Pharmaceuticals * 5,585 88
IDEC Pharmaceuticals * 2,500 85
Imclone Systems *(misc. symbol) 1,707 54
ICOS * 1,400 51
Celgene *(misc. symbol) 1,600 49
Cephalon *(misc. symbol) 1,100 45
Martek Biosciences *(misc. symbol) 1,000 43
Amylin Pharmaceuticals *(misc. symbol) 1,900 42
Neurocrine Biosciences * 700 35
Vertex Pharmaceuticals * 2,248 33
Trimeris *(misc. symbol) 700 32
Genta *(misc. symbol) 2,400 32
Human Genome Sciences *(misc. symbol) 2,500 32
ILEX Oncology * 1,600 31
Protein Design Labs * 2,200 31
Affymetrix *(misc. symbol) 1,500 30
Gen Probe Inc * 700 29
Enzo Biochem *(misc. symbol) 1,324 28
Techne *(misc. symbol) 900 27
Therapeutics *(misc. symbol) 900 27
Genencor International *(misc. symbol) 1,600 $ 26
OSI Pharmaceuticals *(misc. symbol) 800 26
Charles River Laboratories International * 800 26
Telik *(misc. symbol) 1,500 24
Progenics Pharmaceuticals *(misc. symbol) 1,500 23
XOMA *(misc. symbol) 4,100 22
Digene *(misc. symbol) 800 22
AVI BioPharma *(misc. symbol) 3,500 21
Abgenix *(misc. symbol) 2,000 21
IDEXX Laboratories * 600 20
Enzon Pharmaceuticals *(misc. symbol) 1,600 20
NPS Pharmaceuticals *(misc. symbol) 800 19
Tanox *(misc. symbol) 1,200 19
BioReliance * 900 19
Regeneron Pharmaceuticals *(misc. symbol) 1,200 19
Celera Genomics * 1,800 19
Cell Genesys *(misc. symbol) 2,000 17
VaxGen *(misc. symbol) 3,100 16
Diversa * 1,600 16
Serologicals * 1,150 16
Albany Molecular Research * 1,000 15
Tularik *(misc. symbol) 1,500 15
Exelixis *(misc. symbol) 2,100 15
Neose Technologies *(misc. symbol) 1,400 14
Immunomedics *(misc. symbol) 2,200 14
Transkaryotic Therapies *(misc. symbol) 1,200 14
Cell Therapeutics *(misc. symbol) 1,400 14
Myriad Genetics *(misc. symbol) 1,000 14
Novavax *(misc. symbol) 2,300 13
Encysive Pharmaceuticals * 2,600 12
OraSure Technologies *(misc. symbol) 1,500 11
NeoPharm (misc. symbol) 805 11
CuraGen *(misc. symbol) 2,000 11
Pharmacopeia *(misc. symbol) 1,300 11
Medarex *(misc. symbol) 1,600 10
Incyte * 2,200 10
Arena Pharmaceuticals *
(misc. symbol) 1,500 10
Ariad Pharmaceuticals *(misc. symbol) 2,200 $ 10
Alkermes *(misc. symbol) 900 10
Isis Pharmaceuticals, Class B *(misc. symbol) 1,800 9
Gene Logic *(misc. symbol) 1,500 9
Cubist Pharmaceuticals *(misc. symbol) 800 8
Array BioPharma *(misc. symbol) 2,600 8
La Jolla Pharmaceutical *(misc. symbol) 2,300 7
Luminex *(misc. symbol) 1,400 7
Avigen *(misc. symbol) 2,000 7
Sangamo BioSciences * 2,400 7
Caliper Technologies *(misc. symbol) 1,500 7
Sequenom *(misc. symbol) 2,300 6
Aphton *(misc. symbol) 700 6
ImmunoGen *(misc. symbol) 1,200 5
Alexion Pharmaceutical *(misc. symbol) 200 3
4,434
Health Care Equipment & Supplies 2.1%
Medtronic 24,620 1,181
Boston Scientific * 8,100 495
Baxter International 11,300 294
Stryker 4,200 291
Guidant 6,000 266
St. Jude Medical * 3,700 213
Becton, Dickinson 5,400 210
Zimmer Holdings * 4,160 187
Biomet 5,400 155
C. R. Bard 1,300 93
Waters Corporation * 3,000 87
Varian Medical Systems * 1,500 86
Applied Biosystems Group - Applera 4,500 86
Hillenbrand Industries 1,100 55
Align Technology *(misc. symbol) 4,400 55
Millipore * 1,200 53
Dentsply International 1,300 53
Edwards Lifesciences * 1,560 50
Beckman Coulter 1,200 49
Bausch & Lomb 1,200 45
Invitrogen * 1,100 42
Fisher Scientific * 1,100 $ 38
Apogent Technologies * 1,900 38
Steris * 1,600 37
Arrow International 800 35
ResMed *(misc. symbol) 900 35
Cytyc * 3,300 35
Sybron Dental Specialties * 1,466 35
Regeneration Technologies *
(misc. symbol) 2,600 35
Viasys Healthcare * 1,657 34
Mathews International, Class A 1,300 32
Respironics *(misc. symbol) 800 30
VISX * 1,700 29
Biosite Diagnostics *(misc. symbol) 600 29
EPIX Medical * 1,900 27
Thoratec *(misc. symbol) 1,800 27
Exactech * 1,800 26
ICU Medical *(misc. symbol) 800 25
CTI Molecular Imaging *(misc. symbol) 1,300 25
Invacare 700 23
Medical Action Industries * 1,400 23
IGEN * 700 22
American Medical Systems *(misc. symbol) 1,300 22
Ventana Medical Systems *(misc. symbol) 800 22
Diagnostic Products 500 21
Zoll Medical *(misc. symbol) 600 20
Analogic 400 20
TheraSense *(misc. symbol) 1,900 19
West Pharmaceutical Services 700 17
Haemonetics * 900 17
Cantel Medical *(misc. symbol) 1,200 16
Advanced Medical Optics *(misc. symbol) 844 14
Lifecore Biomedical *(misc. symbol) 2,200 13
SurModics *(misc. symbol) 400 12
NMT Medical * 2,800 11
Vital Signs (misc. symbol) 400 10
Cerus * 1,300 10
Molecular Devices *(misc. symbol) 600 10
Inverness Medical Innovations *
(misc. symbol) 480 $ 9
Aspect Medical Systems * 1,200 9
Bruker Daltonics *(misc. symbol) 1,600 9
ArthroCare *(misc. symbol) 300 5
4,972
Health Care Providers & Services 2.3%
UnitedHealth Group 12,300 618
Cardinal Health 8,805 566
HCA 10,700 343
Wellpoint Health Networks * 3,000 253
Anthem * 2,931 226
McKesson HBOC 5,751 205
Aetna 3,000 181
AmerisourceBergen 2,266 157
Quest Diagnostics * 2,300 147
Caremark RX * 4,800 123
CIGNA 2,600 122
Tenet Healthcare * 10,050 117
Express Scripts, Class A *(misc. symbol) 1,500 102
Health Management, Class A 5,400 100
IMS Health 5,500 99
Laboratory Corporation of America * 2,800 84
Health Net * 2,400 79
Oxford Health Plans * 1,700 71
Manor Care * 2,600 65
Humana * 4,300 65
Coventry Health Care * 1,400 65
Patterson Dental *(misc. symbol) 1,400 63
Lincare Holdings * 2,000 63
PacifiCare Health Systems, Class A *
(misc. symbol) 1,200 59
WebMD *(misc. symbol) 5,410 59
Mid-Atlantic Medical Services * 1,100 57
Omnicare 1,700 57
First Health Group * 2,000 55
Advance PCS * 1,400 53
Select Medical * 2,000 50
Universal Health Services, Class B * 1,200 48
Quintiles Transnational * 3,100 44
Henry Schein * 800 $ 42
Community Health System *(misc. symbol) 1,800 35
Triad Hospitals * 1,331 33
Apria Healthcare * 1,300 32
Renal Care Group * 900 32
Pharmaceutical Product Development * 1,100 32
Covance * 1,700 31
Davita * 1,033 28
Accredo Health * 1,267 28
Dendrite International * 2,000 26
Cerner *(misc. symbol) 1,100 25
Inveresk Research Group *(misc. symbol) 1,400 25
CorVel * 650 23
Service Corp. International * 6,000 23
Specialty Laboratories *(misc. symbol) 2,200 23
Sunrise Senior Living *(misc. symbol) 1,000 22
NDC Health (misc. symbol) 1,200 22
LifePoint Hospitals *(misc. symbol) 1,031 22
Gentiva Health Services * 2,375 21
Omnicell * 2,000 20
Hooper Holmes 3,100 20
Province Healthcare *(misc. symbol) 1,800 20
PSS World Medical * 3,400 20
PDI * 1,900 19
Priority Healthcare, Class B *(misc. symbol) 1,000 19
D&K Healthcare 1,100 18
U.S. Oncology *(misc. symbol) 2,400 18
Stewart Enterprises, Class A * 4,100 18
IDX Systems *(misc. symbol) 1,100 17
MIM Corporation *(misc. symbol) 2,600 17
AMN Healthcare Services *(misc. symbol) 1,300 16
Psychemedics 1,975 16
Sierra Health Services *(misc. symbol) 800 16
WellChoice *(misc. symbol) 500 15
Beverly Enterprises * 3,900 14
Orthodontic Centers of America *
(misc. symbol) 1,700 14
Cross Country Healthcare *(misc. symbol) 1,000 13
Prime Medical Services * 2,300 $ 11
Eclipsys *(misc. symbol) 900 9
Allou Health & Beauty * 4,800 6
Bioanalytical Systems *(misc. symbol) 1,700 5
5,262
Pharmaceuticals 7.8%
Pfizer 158,205 5,403
Johnson & Johnson 58,675 3,033
Merck 44,794 2,712
Eli Lilly 22,000 1,517
Abbott Laboratories 30,900 1,352
Wyeth 25,800 1,175
Bristol-Myers Squibb 37,600 1,021
Schering-Plough 28,000 521
Forest Labs * 7,000 383
Allergan 2,700 208
Mylan Laboratories 3,650 127
Barr Laboratories * 1,434 94
Watson Pharmaceuticals * 2,100 85
King Pharmaceuticals * 5,689 84
IVAX *(misc. symbol) 3,550 63
Sicor * 2,800 57
Pharmaceutical Resources * 1,000 49
Endo Pharmaceutical * 2,500 42
K-V Pharmaceutical, Class A * 1,500 42
Medicis Pharmaceutical, Class A
(misc. symbol) 700 40
Sepracor * 2,100 38
ICN Pharmaceuticals 2,200 37
Andrx *(misc. symbol) 1,700 34
Perrigo 2,100 33
Alpharma, Class A 1,400 30
aaiPharma *(misc. symbol) 1,250 25
Medicines Company *(misc. symbol) 1,200 24
Antigenics *(misc. symbol) 1,800 21
Atrix Laboratory *(misc. symbol) 900 20
Orphan Medical *(misc. symbol) 2,100 19
Inspire Phamaceuticals * 1,700 18
CIMA Labs *(misc. symbol) 600 16
Discovery Partners *(misc. symbol) 3,500 $ 15
Ligand Pharmaceuticals, Class B *
(misc. symbol) 1,100 15
Kos Pharmaceuticals *(misc. symbol) 600 14
MGI Pharma *(misc. symbol) 500 13
Adolor *(misc. symbol) 800 10
Emisphere Technologies *(misc. symbol) 2,700 10
Noven Pharmaceuticals * 900 9
First Horizon Pharmaceutical *
(misc. symbol) 1,200 5
18,414
Total Health Care 33,082
INDUSTRIALS & BUSINESS SERVICES 9.6%
Aerospace & Defense 1.5%
United Technologies 9,502 673
Boeing 16,300 559
Honeywell International 16,825 452
Lockheed Martin 9,300 442
General Dynamics 4,200 305
Northrop Grumman 3,451 298
Raytheon 7,500 246
Rockwell Collins 3,700 91
L-3 Communications Holdings *
(misc. symbol) 1,600 70
Goodrich 2,640 55
Alliant Techsystems * 625 32
Engineered Support System 700 29
Curtiss-Wright Corporation 400 25
Teledyne Technologies * 1,900 25
Precision Castparts 800 25
World Fuel Services (misc. symbol) 1,000 25
United Industrial 1,500 24
Pemco Aviation Group * 900 21
Herley Industries *(misc. symbol) 1,200 20
Invision Technologies *(misc. symbol) 800 20
GenCorp (misc. symbol) 2,200 20
Aeroflex * 2,400 19
Aviall *(misc. symbol) 1,600 18
DRS Technologies *(misc. symbol) 600 17
Ladish Company * 2,300 $ 15
Mercury Computer Systems *(misc. symbol) 800 15
Esterline Technologies *(misc. symbol) 500 9
Hexcel * 2,600 8
BE Aerospace *(misc. symbol) 2,100 7
3,565
Air Freight & Logistics 0.9%
UPS, Class B 22,500 1,433
Fedex 6,000 372
Expeditors International of Washington 2,300 80
C.H. Robinson Worldwide 2,100 75
Airborne Freight 1,900 40
Ryder System 1,400 36
EGL *(misc. symbol) 1,950 29
CNF 1,100 28
Forward Air * 1,100 28
Atlas Air Worldwide Holdings *(misc. symbol) 2,700 4
2,125
Airlines 0.2%
Southwest Airlines 15,637 269
Delta (misc. symbol) 3,700 54
JetBlue Airways *(misc. symbol) 1,150 49
Continental Airlines, Class B *
(misc. symbol) 2,700 40
Northwest Airlines, Class A *
(misc. symbol) 2,900 33
SkyWest 1,600 31
Atlantic Coast Airlines * 2,100 28
Alaska Air Group * 1,100 24
528
Building Products 0.2%
Masco 10,200 243
American Standard * 1,500 111
York International 1,100 26
AAON Inc * 1,350 25
Lennox International (misc. symbol) 1,700 22
Water Pik Technologies *(misc. symbol) 2,405 19
Jacuzzi Brands * 3,300 17
Universal Forest Products 500 10
473
Commercial Services & Supplies 1.5%
Cendant * 20,854 $ 382
Waste Management 12,360 298
Apollo Group, Class A * 3,725 230
Pitney Bowes 5,000 192
H&R Block 3,700 160
Cintas 3,400 121
Avery Dennison 2,300 116
Equifax 3,400 88
Robert Half International * 4,200 80
Dun & Bradstreet * 1,700 70
Career Education * 1,000 68
R.R. Donnelley 2,500 65
Republic Services, Class A * 2,800 64
Deluxe Corp. 1,300 58
ChoicePoint * 1,666 58
Wesco Financial 180 56
Manpower 1,400 52
Viad 2,200 49
ServiceMaster 4,500 48
Allied Waste Industries * 4,660 47
Corinthian Colleges * 800 39
Education Management * 700 37
HON Industries 1,200 37
Waste Connections *(misc. symbol) 1,000 35
West Corporation * 1,300 35
Herman Miller 1,700 34
Corporate Executive Board * 800 32
ITT Educational Services * 1,100 32
Sylvan Learning Systems *(misc. symbol) 1,368 31
Devry * 1,300 30
CoStar Group * 1,000 30
Tetra Tech * 1,725 30
United Stationers * 800 29
NCO Group *(misc. symbol) 1,600 29
Consolidated Graphics * 1,200 27
New England Business Service 900 27
Aramark, Class B * 1,200 $ 27
Bright Horizons Family Solutions * 800 27
Exult *(misc. symbol) 3,100 27
Rollins (misc. symbol) 1,400 26
Imagistics International *
(misc. symbol) 1,012 26
Valassis Communications * 1,000 26
Landauer (misc. symbol) 600 25
Labor Ready * 3,400 24
Arbitron * 680 24
Strayer Education 300 24
SOURCECORP * 1,100 24
John H. Harland 900 24
Team, Inc. * 2,800 22
United Rentals * 1,600 22
Copart * 2,350 22
Wackenhut Corrections * 1,600 22
G&K Services, Class A 700 21
School Specialty *(misc. symbol) 700 20
Learning Tree International *(misc. symbol) 1,200 19
Ag Services of America * 2,800 17
Interpool 1,000 16
Banta 500 16
Brinks 1,100 16
Ionics *(misc. symbol) 700 16
Hudson Highland Group *(misc. symbol) 757 14
Spherion * 2,000 14
ICT Group * 1,300 14
PRG-Schultz International *
(misc. symbol) 2,300 14
Sotheby's, Class A *(misc. symbol) 1,800 13
Administaff *(misc. symbol) 1,300 13
Korn/Ferry *(misc. symbol) 1,600 13
RemedyTemp, Class A *(misc. symbol) 1,300 12
TeleTech Holdings * 2,700 11
Central Parking (misc. symbol) 800 10
DiamondCluster International, Class A *
(misc. symbol) 2,000 7
Franklin Covey * 2,500 4
3,488
Construction & Engineering 0.1%
Fluor 2,000 $ 67
Jacobs Engineering Group * 1,300 55
Granite Construction 1,550 30
EMCOR Group * 500 25
McDermott International * 3,400 21
Intergrated Electrical Services * 2,900 21
Mastec * 3,450 20
Dycom Industries * 1,200 20
Insituform Technologies, Class A *
(misc. symbol) 1,000 18
Quanta Services *(misc. symbol) 2,150 15
Shaw Group *(misc. symbol) 1,100 13
305
Electrical Equipment 0.4%
Emerson Electric 8,000 409
Rockwell Automation 4,200 100
Cooper Industries 1,900 78
American Power Conversion * 4,000 62
Thomas & Betts * 2,200 32
Genlyte Group * 900 32
Hubbell, Class B 900 30
AMETEK 800 29
Acuity Brands 1,500 27
Power-One * 3,000 21
Baldor Electric (misc. symbol) 1,000 21
Regal-Beloit 900 17
Fuelcell Energy *(misc. symbol) 1,700 14
Brady, Class A 400 13
AZZ * 1,100 12
LSI Industries 1,050 12
Vicor * 1,200 12
C&D Technologies 800 12
General Cable 2,100 11
Plug Power *(misc. symbol) 2,400 11
UQM Technologies * 3,700 11
Channell Commercial * 1,700 9
Energy Conversion Devices * 1,000 9
Woodward Governor 200 9
American Superconductor *(misc. symbol) 1,300 $ 8
AstroPower *(misc. symbol) 450 2
1,003
Industrial Conglomerates 3.0%
GE 199,906 5,733
3M 7,500 967
Textron 2,800 109
Allete 1,500 40
Walter Industries 2,700 32
Teleflex 700 30
Roper Industries 800 30
Carlisle Companies 700 30
Tredegar (misc. symbol) 1,300 19
Alleghany 100 19
7,009
Machinery 1.3%
Illinois Tool Works 6,350 418
Caterpillar 6,400 356
Deere 4,900 224
Danaher 3,100 211
PACCAR 2,400 162
Ingersoll-Rand, Class A 3,200 151
ITT Industries 2,000 131
Eaton 1,500 118
Dover 3,900 117
Parker Hannifin 2,219 93
SPX * 1,304 57
Pall 2,500 56
Navistar * 1,600 52
Donaldson 1,000 44
Cummins Engine (misc. symbol) 1,200 43
Pentair 1,000 39
Harsco 1,000 36
Crane 1,500 34
Terex *(misc. symbol) 1,700 33
Ampco Pittsburgh 2,400 32
Trinity Industries (misc. symbol) 1,700 32
Lincoln Electric Holdings 1,500 31
Briggs & Stratton 600 $ 30
Graco 925 30
Actuant, Class A * 620 29
Tecumseh Products, Class A 700 27
UNOVA *(misc. symbol) 2,300 26
Cascade 1,400 24
Thomas Industries (misc. symbol) 900 24
Dionex *(misc. symbol) 600 24
NACCO Industries, Class A 400 24
Valmont Industries 1,200 23
Wabtec 1,625 23
AGCO * 1,300 22
EnPro Industries * 2,068 22
ESCO Electronics * 500 22
Kennametal 600 20
Manitowoc (misc. symbol) 900 20
Watts Industries, Class A 1,100 20
Timken 1,100 19
Nordson 800 19
Wolverine Tube * 3,100 18
Robbins & Myers (misc. symbol) 900 17
Flowserve * 800 16
SPS Technologies * 400 11
JLG Industries (misc. symbol) 1,100 8
2,988
Marine 0.0%
Overseas Shipholding Group
(misc. symbol) 1,300 29
Alexander & Baldwin 1,000 26
Kirby Corporation * 800 23
International Shipholding *(misc. symbol) 1,200 13
91
Road & Rail 0.4%
Union Pacific 4,800 278
Burlington Northern Santa Fe 7,400 210
Norfolk Southern 7,600 146
CSX 4,100 123
Werner Enterprises 1,900 40
Swift Transportation * 1,970 37
Florida East Coast Industries
(misc. symbol) 1,300 $ 33
U.S. Xpress Enterprises, Class A * 2,500 27
USA Truck * 2,400 22
Dollar Thrifty Auto Group *(misc. symbol) 1,000 19
Kansas City Southern Industries * 1,000 12
947
Trading Companies & Distributors 0.1%
W. W. Grainger 1,700 80
Fastenal (misc. symbol) 1,500 51
Applied Industrial Technologies 1,100 23
Huttig Building Products * 5,944 16
170
Total Industrials & Business Services 22,692
INFORMATION TECHNOLOGY 15.5%
Communications Equipment 2.2%
Cisco Systems * 141,168 2,356
QUALCOMM 16,000 572
Motorola 43,840 413
Corning * 22,510 166
Lucent Technologies * 64,285 131
Juniper Networks *(misc. symbol) 7,250 90
Scientific-Atlanta 3,700 88
JDS Uniphase * 23,658 83
Comverse Technology * 4,800 72
Tellabs * 9,800 64
ADTRAN *(misc. symbol) 1,000 51
Emulex * 2,200 50
Avaya * 7,557 49
CIENA * 8,847 46
Polycom * 3,200 44
Foundry Networks *(misc. symbol) 2,800 40
Harris 1,300 39
Advanced Fibre Communications * 2,400 39
Avocent * 1,236 37
ADC Telecommunications *(misc. symbol) 15,752 37
3Com * 7,500 35
Packeteer *(misc. symbol) 2,100 $ 33
Plantronics *(misc. symbol) 1,500 33
Brocade Communications Systems * 5,160 30
Andrew *(misc. symbol) 3,100 29
Adaptec * 3,500 27
McDATA Corporation *(misc. symbol) 1,825 27
WilTel Communications * 1,700 25
Inter-Tel 1,100 23
Black Box (misc. symbol) 600 22
F5 Networks *(misc. symbol) 1,200 20
REMEC *(misc. symbol) 2,800 20
Echelon *(misc. symbol) 1,400 19
Cable Design Technologies * 2,600 19
Bel Fuse, Class A * 900 19
Sycamore Networks * 4,700 18
Computer Network Technology *
(misc. symbol) 2,200 18
Tekelec * 1,500 17
SeaChange International * 1,700 16
ditech Communications * 2,900 14
Powerwave Technologies * 2,300 14
Extreme Networks * 2,700 14
Ixia * 2,100 14
C-Cor.net *(misc. symbol) 2,700 13
Norstan * 4,000 13
Commscope * 1,300 12
Stratex Networks * 3,100 10
Centillium Communications * 1,000 10
Cognitronics * 3,800 8
Terayon Communication Systems * 2,900 8
Tollgrade Communications *(misc. symbol) 400 8
Anaren *(misc. symbol) 700 7
Digital Lightwave *(misc. symbol) 4,400 5
MRV Communications * 2,160 4
Harmonic Lightwaves *(misc. symbol) 1,059 4
Paradyne Networks *(misc. symbol) 500 1
5,076
Computer & Peripherals 3.2%
IBM 34,300 $ 2,830
Dell Computer * 51,100 1,633
Hewlett-Packard 60,218 1,283
EMC * 44,786 469
Sun Microsystems * 64,000 294
Lexmark International, Class A * 2,600 184
Apple Computer * 7,600 145
Network Appliance *(misc. symbol) 6,900 112
NCR * 2,700 69
Diebold 1,500 65
Sandisk *(misc. symbol) 1,600 65
Storage Technology * 1,900 49
Seagate Technology 2,500 44
Western Digital *(misc. symbol) 4,100 42
Gateway *(misc. symbol) 11,500 42
Avid Technology *(misc. symbol) 1,100 39
Maxtor * 5,004 38
Electronics for Imaging * 1,800 36
Rimage * 2,200 27
Intergraph * 1,200 26
Iomega *(misc. symbol) 2,100 22
Presstek *(misc. symbol) 3,500 22
Advanced Digital Info * 1,800 18
Drexler Technology *(misc. symbol) 1,100 17
In Focus Systems * 3,200 15
Concurrent Computer * 4,500 13
Quantum DLT & Storage Systems
Group * 3,200 13
Rainbow Technologies * 1,100 9
7,621
Electronic Equipment & Instruments 0.6%
Agilent Technologies * 8,787 172
Molex 3,750 101
Jabil Circuit * 4,300 95
CDW * 1,700 78
Thermo Electron * 3,450 73
Symbol Technologies 4,900 64
Sanmina-SCI * 9,712 61
Solectron * 15,640 $ 58
Tektronix * 2,400 52
AVX 3,800 42
Vishay Intertechnology * 2,968 39
Amphenol, Class A *(misc. symbol) 800 37
PerkinElmer 2,635 36
Avnet * 2,748 35
National Instruments * 800 30
Tech Data * 1,100 29
Ingram Micro, Class A * 2,500 28
Arrow Electronics * 1,700 26
Varian * 700 24
Research Frontiers *(misc. symbol) 1,700 24
Technitrol * 1,500 23
Napco Security Systems *(misc. symbol) 2,400 22
Benchmark Electronics * 700 22
Anixter International * 900 21
Trimble Navigation * 900 21
KEMET * 2,000 20
Newport *(misc. symbol) 1,300 19
Coherent * 800 19
Maxwell Technologies *(misc. symbol) 2,900 17
Electro Scientific Industries * 1,100 17
OYO Geospace *(misc. symbol) 1,100 15
X-Rite 1,400 14
Veeco *(misc. symbol) 800 14
Zomax * 4,000 13
Zygo *(misc. symbol) 1,500 12
Park Electrochemical (misc. symbol) 600 12
Photon Dynamics *(misc. symbol) 400 11
Plexus *(misc. symbol) 900 10
Nu Horizons Electronics * 1,650 10
CTS 900 9
Merix *(misc. symbol) 1,000 8
Surebeam, Class A *(misc. symbol) 2,638 7
TTM Technologies * 1,400 7
Artesyn Technologies * 800 4
Sirenza Microdevices * 1,400 $ 3
Somera Communications *(misc. symbol) 1,500 2
1,456
Internet Software & Services 0.6%
InterActiveCorp *(misc. symbol) 10,122 401
Yahoo! * 12,178 399
Expedia, Class A * 1,100 84
Monster Worldwide *(misc. symbol) 3,000 59
VeriSign * 4,240 59
Earthlink * 4,430 35
DoubleClick * 3,630 34
Overture Services *(misc. symbol) 1,600 29
RealNetworks *(misc. symbol) 4,100 28
ParthusCeva *(misc. symbol) 3,066 25
CNET Networks * 3,975 25
MarketWatch.com *(misc. symbol) 2,900 24
iManage * 3,800 19
webMethods *(misc. symbol) 2,310 19
Ariba * 5,900 18
FreeMarkets * 2,500 17
Tumbleweed Communications *(misc. symbol) 6,300 16
MatrixOne * 2,700 16
Sonicwall * 3,200 15
Webex Communications *(misc. symbol) 1,100 15
Register.com *(misc. symbol) 2,600 15
NetRatings *(misc. symbol) 1,600 15
Internet Security Systems * 1,000 14
Retek *(misc. symbol) 2,072 13
Digitas * 2,669 13
Netegrity * 2,050 12
Websense *(misc. symbol) 700 11
TippingPoint Technologies *(misc. symbol) 1,300 10
S1 * 2,400 10
Allscripts Heathcare * 2,500 9
Kana Software *(misc. symbol) 2,900 9
Modem Media, Class A *(misc. symbol) 2,200 9
Interwoven * 3,800 8
Entrust Technologies * 2,300 7
SeeBeyond Technology Corporation * 2,200 5
1,497
IT Services 1.4%
First Data 15,300 $ 634
Automatic Data Processing 12,200 413
Paychex 7,287 213
Electronic Data Systems 8,800 189
Concord EFS * 10,400 153
SunGard Data Systems * 5,800 150
Computer Sciences * 3,900 149
Fiserv * 3,975 141
Affiliated Computer Services,
Class A * 2,200 101
Unisys * 7,500 92
Sabre Holdings, Class A 3,600 89
Total Systems Services
(misc. symbol) 3,800 85
DST Systems * 2,000 76
Convergys * 3,700 59
Ceridian * 3,100 53
Iron Mountain * 1,250 46
Checkfree Holdings *(misc. symbol) 1,500 42
BISYS Group * 2,200 40
Certegy * 1,300 36
National Processing *(misc. symbol) 2,100 34
Keane *(misc. symbol) 2,356 32
Global Payments 880 31
BearingPoint * 3,200 31
CACI International, Class A * 900 31
Intrado *(misc. symbol) 1,900 30
Cognizant Technology Solutions,
Class A * 1,200 29
Titan * 2,700 28
eSpeed, Class A *(misc. symbol) 1,400 28
Acxiom * 1,800 27
Pegasus Solutions *(misc. symbol) 1,650 27
Perot Systems, Class A * 2,300 26
Syntel *(misc. symbol) 1,600 25
Maximus *(misc. symbol) 900 25
MPS Group * 3,600 25
EFunds * 1,706 20
American Management Systems * 1,300 18
Medquist * 900 $ 18
CSG Systems International * 1,200 17
Startek * 600 16
Lightbridge * 1,678 15
Igate Capital * 4,200 14
Inforte *(misc. symbol) 1,800 14
CIBER * 1,800 13
InterCept Group *(misc. symbol) 1,200 10
Sykes Enterprises * 1,800 9
Indus International * 3,500 7
Analysts International * 2,700 7
AnswerThink * 2,520 5
Safeguard Scientifics * 1,700 4
Management Network Group * 1,500 3
3,380
Office Electronics 0.1%
Xerox * 14,800 157
Zebra Technologies, Class A *(misc. symbol) 600 45
Ikon Office Solutions (misc. symbol) 3,200 28
230
Semiconductor & Semiconductor Equipment 3.1%
Intel 129,990 2,702
Texas Instruments 34,000 598
Applied Materials * 30,678 487
Analog Devices * 7,100 247
Maxim Integrated Products 6,221 213
Linear Technology 5,800 187
KLA-Tencor * 3,900 181
Xilinx * 6,700 170
Broadcom, Class A *(misc. symbol) 5,300 132
Micron Technology * 11,300 131
Altera * 7,900 130
Novellus Systems * 3,000 110
QLogic * 2,011 97
Microchip Technology 3,864 95
NVIDIA * 3,500 81
National Semiconductor * 3,400 67
Teradyne * 3,800 66
Agere Systems, Class A * 26,389 $ 62
Intersil Holding, Class A * 2,196 58
Lam Research * 3,200 58
LSI Logic * 7,806 55
Omnivision Technologies *
(misc. symbol) 1,600 50
Amkor Technology * 3,400 45
Advanced Micro Devices *(misc. symbol) 6,800 44
Applied Micro Circuits * 7,142 43
Integrated Circuit Systems *
(misc. symbol) 1,300 41
Cypress Semiconductor *(misc. symbol) 3,100 37
Diodes *(misc. symbol) 1,900 36
Rambus *(misc. symbol) 2,100 35
Siliconix *(misc. symbol) 900 33
Cymer *(misc. symbol) 1,000 32
DSP Group * 1,400 30
Silicon Laboratories *(misc. symbol) 1,100 29
GlobeSpan * 3,520 29
Integrated Device Technology * 2,600 29
Cabot Microelectronics *(misc. symbol) 564 28
Entegris * 2,100 28
Fairchild Semiconductor, Class A * 2,200 28
MEMC Electronic Materials *(misc. symbol) 2,800 27
Micrel *(misc. symbol) 2,600 27
Varian Semiconductor Equipment * 900 27
Zoran *(misc. symbol) 1,350 26
Cognex * 1,100 25
International Rectifier * 900 24
Artisan Components *(misc. symbol) 1,000 23
RF Micro Devices *(misc. symbol) 3,700 22
Monolithic Systems Technology *
(misc. symbol) 2,300 21
ESS Technology * 2,100 20
Microsemi * 1,200 19
Atmel * 7,500 19
Vitesse Semiconductor *(misc. symbol) 3,800 19
Axcelis Technologies * 3,014 18
MKS Instruments *(misc. symbol) 1,013 18
Pericom Semiconductor *(misc. symbol) 1,900 18
Skyworks Solutions *(misc. symbol) 2,579 $ 17
Exar * 1,100 17
Power Integrations *(misc. symbol) 700 17
Mykrolis * 1,541 16
DuPont Photomasks *(misc. symbol) 800 15
Lattice Semiconductor *(misc. symbol) 1,800 15
Advanced Energy Industries *
(misc. symbol) 1,000 14
Semtech * 1,000 14
Kulicke & Soffa * 2,100 13
TriQuint Semiconductor * 3,190 13
FEI * 700 13
Cohu 800 13
Oak Technology * 2,000 12
Silicon Storage Technology * 2,700 11
LTX *(misc. symbol) 1,300 11
Silicon Image *(misc. symbol) 2,000 11
Virage Logic *(misc. symbol) 1,500 11
Mattson Technology *(misc. symbol) 3,500 11
Chippac, Class A *(misc. symbol) 1,400 11
Helix Technology 800 11
Actel *(misc. symbol) 500 10
ATMI *(misc. symbol) 400 10
Rudolph Technologies *(misc. symbol) 600 10
QuickLogic * 2,700 9
Kopin * 1,400 9
Semitool * 1,700 8
Credence Systems *(misc. symbol) 900 8
Three-Five Systems *(misc. symbol) 1,000 7
Pixelworks *(misc. symbol) 1,100 7
Integrated Silicon Solution * 900 6
Sipex *(misc. symbol) 1,100 5
Cirrus Logic * 1,200 5
Nanometrics *(misc. symbol) 600 4
Transmeta * 2,000 3
Microtune *(misc. symbol) 900 3
ANADIGICS *(misc. symbol) 800 3
7,250
Software 4.3%
Microsoft 214,950 $ 5,505
Oracle * 103,000 1,238
Computer Associates 11,357 253
VERITAS Software * 7,875 226
Intuit * 4,400 196
Electronic Arts * 2,600 192
Adobe Systems 4,600 148
Symantec * 2,800 123
PeopleSoft * 6,000 106
Siebel Systems * 10,000 95
BMC Software * 5,000 82
BEA Systems * 7,200 78
Citrix Systems * 3,800 77
Mercury Interactive *(misc. symbol) 1,900 73
Synopsys * 1,185 73
Cadence Design Systems * 4,800 58
Fair Isaac (misc. symbol) 1,115 57
Compuware * 9,600 55
Autodesk 3,000 48
Macromedia * 2,080 44
Reynolds & Reynolds, Class A 1,400 40
Hyperion Solutions * 1,170 40
J. D. Edwards * 2,700 39
Network Associates * 2,937 37
Red Hat * 4,900 37
SERENA Software *(misc. symbol) 1,700 35
Quest Software *(misc. symbol) 2,800 33
Mentor Graphics * 2,200 32
Factset Research Systems (misc. symbol) 700 31
Jack Henry & Associates 1,700 30
Macrovision * 1,500 30
THQ *(misc. symbol) 1,650 30
Activision *(misc. symbol) 2,250 29
Ansys * 900 28
Sybase * 2,010 28
RSA Security *(misc. symbol) 2,600 28
Legato Systems *(misc. symbol) 3,300 $ 28
Ansoft * 2,600 28
Kronos * 500 25
Borland Software * 2,600 25
FileNet * 1,400 25
EPlus * 2,300 24
Micromuse * 3,000 24
TIBCO Software * 4,700 24
Advent Software *(misc. symbol) 1,400 24
Manhattan Associates *(misc. symbol) 900 23
Novell * 7,434 23
Progress Software * 1,100 23
Agile Software * 2,300 22
Quality Systems * 800 22
Documentum *(misc. symbol) 1,100 22
Ulticom *(misc. symbol) 2,200 21
Magma Design Automation *(misc. symbol) 1,200 21
Informatica * 2,900 20
Parametric Technology * 6,400 20
NetIQ * 1,168 18
Evans & Sutherland Computer * 3,100 18
Nuance Communications *(misc. symbol) 3,200 17
Embarcadero *(misc. symbol) 2,300 16
Ascential Software *(misc. symbol) 975 16
Renaissance Learning *(misc. symbol) 700 15
Barra *(misc. symbol) 400 14
Verity * 1,100 14
Wind River Systems * 3,572 14
JDA Software Group *(misc. symbol) 1,200 13
OPNET Technologies * 1,100 13
Secure Computing *(misc. symbol) 1,500 13
Sanchez Computer Associates * 2,300 12
QRS *(misc. symbol) 2,200 12
WatchGuard Technologies *(misc. symbol) 2,400 11
Concord Communications * 800 11
E.piphany * 2,125 11
Vastera * 1,800 11
NetScout Systems * 1,800 $ 10
Infogrames *(misc. symbol) 1,900 8
MapInfo *(misc. symbol) 1,100 8
Roxio *(misc. symbol) 1,013 7
Manugistics Group *(misc. symbol) 1,600 7
Mercator Software *(misc. symbol) 4,300 6
Midway Games *(misc. symbol) 1,339 5
Witness Systems *(misc. symbol) 900 5
Aspen Technology *(misc. symbol) 900 4
Viewpoint Corporation *(misc. symbol) 2,500 3
ONYX Software *(misc. symbol) 1,000 1
10,011
Total Information Technology 36,521
MATERIALS 2.7%
Chemicals 1.4%
DuPont 19,209 800
Dow Chemical 18,099 560
Praxair 3,100 186
Air Products and Chemicals 4,200 175
PPG Industries 3,300 167
Ecolab 5,700 146
Rohm & Haas 4,200 130
Monsanto 4,880 106
Sigma Aldrich 1,500 81
International Flavors & Fragrances 2,000 64
Eastman Chemical 1,900 60
Engelhard 2,400 60
Cabot 1,500 43
Valspar 1,000 42
Scotts, Class A * 800 40
Lyondell Chemical 2,700 37
RPM 2,300 32
Cytec Industries * 900 30
Ferro 1,300 29
NL Industries (misc. symbol) 1,600 27
Airgas 1,600 27
MacDermid 1,000 $ 26
Hawkins Chemical 2,500 25
FMC * 1,100 25
Lubrizol 800 25
H.B. Fuller 1,100 24
Hercules * 2,300 23
Crompton 3,000 21
Georgia Gulf 1,000 20
IMC Global 2,900 20
Terra Nitrogen Com L.P. 3,500 18
Calgon Carbon (misc. symbol) 3,100 18
American Pacific *(misc. symbol) 2,100 16
W. R. Grace * 3,500 15
Valhi (misc. symbol) 1,600 15
Millennium Chemicals 1,600 15
Spartech 700 15
Great Lakes Chemical 700 14
A. Schulman 600 10
OMNOVA Solutions * 2,000 8
Arch Chemicals 400 8
Solutia 2,000 4
3,207
Construction Materials 0.1%
Vulcan Materials (misc. symbol) 2,400 89
Lafarge 1,400 43
Martin Marietta Materials 1,000 34
Ameron International 600 21
187
Containers & Packaging 0.2%
Sealed Air * 1,700 81
Pactiv * 3,400 67
Ball 1,200 55
Smurfit-Stone Container * 4,190 54
Bemis 1,000 47
Owens-Illinois * 3,000 41
Sonoco Products 1,700 41
Temple-Inland 900 39
Crown Cork & Seal * 5,200 37
Packaging Corp of America * 2,000 $ 37
Aptargroup 700 25
Chesapeake Corp 1,000 22
Myers Industries (misc. symbol) 1,782 17
Rock-Tenn, Class A 800 13
Caraustar * 1,400 11
Longview Fibre 1,100 9
596
Metals & Mining 0.6%
Alcoa 16,620 424
Newmont Mining 8,500 276
Freeport McMoRan Copper Gold, Class B
(misc. symbol) 3,500 86
Nucor 1,500 73
Phelps Dodge * 1,628 62
USX-U.S. Steel Group 2,900 47
Glamis Gold *(misc. symbol) 3,800 44
Peabody Energy 1,100 37
Commercial Metals (misc. symbol) 1,700 30
Worthington Industries 2,200 30
Arch Coal (misc. symbol) 1,246 29
CONSOL Energy (misc. symbol) 1,200 27
Alliance Resource Partners (misc. symbol) 1,000 27
Allegheny Technologies 3,650 24
Quanex 700 21
Massey (misc. symbol) 1,500 20
Carpenter Technology 1,200 19
Ryerson Tull (misc. symbol) 2,100 18
Stillwater Mining *(misc. symbol) 2,300 12
AK Steel * 2,500 9
GrafTech International * 1,300 7
1,322
Paper & Forest Products 0.4%
International Paper 9,084 325
Weyerhaeuser 4,000 216
MeadWestvaco 3,852 95
Georgia-Pacific 4,640 88
Baltek Corp * 2,500 38
Boise Cascade 1,500 36
Louisiana Pacific * 3,100 $ 34
Rayonier 900 30
P.H. Glatfelter 1,800 26
Bowater 700 26
Wausau-Mosinee Paper 1,300 14
Badger Paper Mills * 2,300 13
FiberMark * 2,400 11
Potlatch (misc. symbol) 400 10
Pope & Talbot (misc. symbol) 700 8
Buckeye Technologies * 1,000 7
977
Total Materials 6,289
TELECOMMUNICATION SERVICES 3.2%
Diversified Telecommunication Services 2.7%
Verizon Communications 54,460 2,149
SBC Communications 64,897 1,658
BellSouth 36,900 983
Alltel 6,500 313
AT&T 15,923 307
Sprint 18,500 266
Qwest Communications International * 33,925 162
Centurytel 2,475 86
Citizens Communications *(misc. symbol) 6,440 83
Level 3 Communications *(misc. symbol) 7,600 51
Atlantic Tele Network 1,600 36
Commonwealth Telephone Enterprises * 800 35
Cincinnati Bell *(misc. symbol) 5,248 35
IDT * 1,300 23
D&E Communications (misc. symbol) 1,549 18
General Communications, Class A * 2,000 17
Time Warner Telecom, Class A *
(misc. symbol) 2,400 15
CT Communications (misc. symbol) 1,200 13
Covista Communications * 2,900 9
ITXC * 2,700 7
US LEC, Class A * 1,600 6
6,272
Wireless Telecommunication Services 0.5%
AT&T Wireless * 52,966 $ 435
Nextel Communications, Class A * 21,100 382
Sprint PCS *(misc. symbol) 21,800 125
Telephone and Data Systems 1,100 55
U. S. Cellular * 2,000 51
Wireless Facilities * 3,900 46
Price Communications * 2,262 29
American Tower Systems, Class A * 3,200 28
Boston Communications Group *(misc. symbol) 1,500 26
EMS Technologies *(misc. symbol) 1,100 15
Triton PCS Holdings, Class A * 2,800 14
Aether Systems * 2,350 12
Centennial Communication, Class A *
(misc. symbol) 2,300 9
Metro One Telecommunications *(misc. symbol) 1,750 9
1,236
Total Telecommunication Services 7,508
UTILITIES 3.0%
Electric Utilities 2.1%
Southern Company 13,900 433
Dominion Resources 6,420 413
Exelon 6,562 392
FirstEnergy 6,060 233
Entergy 4,400 232
American Electric Power 7,640 228
FPL Group 3,300 221
Public Service Enterprise 4,700 199
Progress Energy 4,130 181
Consolidated Edison 3,700 160
PG&E * 7,500 159
PPL 3,500 150
Ameren 3,100 137
TXU 5,800 130
DTE Energy 3,249 126
CINergy 3,300 121
XCEL Energy 7,630 115
Constellation Energy Group 3,200 $ 110
Edison International * 6,600 108
Pinnacle West Capital 1,900 71
Potomac Electric Power 3,200 61
Wisconsin Energy 1,900 55
CenterPoint Energy 6,400 52
Teco Energy (misc. symbol) 3,600 43
DPL 2,600 41
NSTAR (misc. symbol) 900 41
Puget Energy 1,700 41
Public Service of New Mexico 1,500 40
Northeast Utilities 2,300 39
Hawaiian Electric Industries 800 37
WPS Resources 900 36
CMS Energy (misc. symbol) 4,400 36
Alliant (misc. symbol) 1,800 34
Allegheny Energy (misc. symbol) 3,800 32
OGE Energy 1,500 32
Great Plains Energy 1,100 32
CH Energy Group (misc. symbol) 700 32
Cleco (misc. symbol) 1,700 29
IdaCorp (misc. symbol) 1,100 29
Empire District Electronics 1,300 28
Madison Gas & Electric 900 28
Otter Tail (misc. symbol) 1,000 27
Unisource Energy 1,400 26
United Illuminating (misc. symbol) 600 24
DQE 1,600 24
Central Vermont Public Service 1,100 22
El Paso Electric *(misc. symbol) 1,700 21
Texas Genco Holdings (misc. symbol) 460 11
4,872
Gas Utilities 0.4%
Kinder Morgan 2,700 148
Sempra Energy 4,351 124
KeySpan 3,200 113
NiSource 4,508 86
NICOR (misc. symbol) 1,300 48
Peoples Energy 1,000 $ 43
Washington Gas & Light (misc. symbol) 1,500 40
Piedmont Natural Gas Company
(misc. symbol) 900 35
Southern Union *(misc. symbol) 1,788 30
Atmos Energy 1,100 27
Southwestern Energy * 1,800 27
Laclede Gas 1,000 27
NUI (misc. symbol) 1,300 20
Cascade Natural Gas 1,000 19
787
Multi-Utilities & Unregulated Power 0.5%
Duke Energy 18,400 367
El Paso Energy (misc. symbol) 11,444 92
Williams Companies 10,585 84
AES * 11,155 71
SCANA 1,968 67
Questar 1,800 60
National Fuel Gas Company 2,000 52
Equitable Resources 1,200 49
Calpine *(misc. symbol) 6,900 46
Energy East 2,100 44
MDU Resources Group 1,200 40
Vectren 1,500 38
ONEOK (misc. symbol) 1,900 37
Western Resources 2,200 36
Avista (misc. symbol) 2,400 34
Reliant Resources * 5,437 33
Dynegy, Class A * 6,836 29
Sierra Pacific Resources *(misc. symbol) 4,700 28
Mirant *(misc. symbol) 8,837 26
NorthWestern (misc. symbol) 3,200 6
Aquila (misc. symbol) 2,400 6
1,245
Water Utilities 0.0%
Philadelphia Suburban 1,575 39
California Water Service Group
(misc. symbol) 900 25
64
Total Utilities 6,968
Total Common Stocks (Cost $248,110) 227,122
Short-Term Investments 3.5%
U.S. Treasury Obligations 0.4%
U.S. Treasury Bills, 0.81%, 12/26/03 ** 1,000,000 $ 996
996
Money Market Funds 3.1%
T. Rowe Price Reserve Investment Fund,
1.16% # 7,245,528 7,246
7,246
Total Short-Term Investments (Cost $8,242) 8,242
Securities Lending Collateral 5.8%
Money Market Trust 5.8%
State Street Bank and Trust Company of
New Hampshire, N.A. Securities Lending
Quality Trust units 13,610,164 13,610
Total Securities Lending Collateral
(Cost $13,610) 13,610
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials
Value
- --------------------------------------------------------------------------------
In thousands
Total Investments in Securities
106.0% of Net Assets (Cost $269,962) $ 248,974
Futures Contracts
Contract Unrealized
Expiration Value Gain (Loss)
---------- -------- -----------
In thousands
Long, 23 S&P 500
Stock Index
contracts,
$328,000 of U.S.
Treasury Bills
pledged as
initial margin 9/03 $5,597 $(63)
Long, 5 S&P Mini
500 Stock Index
contracts, $14,000
of U.S. Treasury
Bills pledged as
initial margin 9/03 243 (3)
Long, 3 S&P Mid-Cap
400 Stock Index
contracts, $36,000
of U.S. Treasury
Bills pledged as
initial margin 9/03 720 (18)
Long, 1 NASDAQ 100
Index contracts,
$9,000 of U.S.
Treasury Bills
pledged as
initial margin 9/03 120 (4)
Long, 4 Russell 2000
Index contracts,
$48,000 of U.S.
Treasury Bills
pledged as
initial margin 9/03 897 (10)
Net payments
(receipts)
of variation
margin to date 99
Variation margin
receivable (payable)
on open futures contracts 1
Other Assets Less Liabilities
Including $13,610 obligation to return
securities lending collateral (14,072)
NET ASSETS $ 234,903
------------
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials
Value
- --------------------------------------------------------------------------------
In thousands
Net Assets Consist of:
Undistributed net investment income (loss) $ 1,225
Undistributed net realized gain (loss) (19,099)
Net unrealized gain (loss) (21,086)
Paid-in-capital applicable to
23,409,556 shares of $0.0001
par value capital stock outstanding;
1,000,000,000 shares of the
Corporation authorized 273,863
NET ASSETS $ 234,903
------------
NET ASSET VALUE PER SHARE $ 10.03
------------
# Seven-day yield
* Non-income producing
(misc. symbol) All or a portion of this security is on loan at June 30, 2003 -
See Note 2
** All or a portion of this security is pledged to cover margin requirements
on futures contracts at June 30, 2003
REIT Real Estate Investment Trust
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials (Unaudited)
Statement of Operations
- --------------------------------------------------------------------------------
In thousands
6 Months
Ended
6/30/03
Investment Income (Loss)
Income
Dividend $ 1,514
Income distributions from mutual funds 43
Securities lending 13
Interest 5
Total income 1,575
Investment management and administrative expense 385
Net investment income (loss) 1,190
Realized and Unrealized Gain (Loss)
Net realized gain (loss)
Securities (551)
Futures 1,263
Net realized gain (loss) 712
Change in net unrealized gain (loss)
Securities 24,357
Futures (55)
Change in net unrealized gain (loss) 24,302
Net realized and unrealized gain (loss) 25,014
INCREASE (DECREASE) IN NET
ASSETS FROM OPERATIONS $ 26,204
----------
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials (Unaudited)
Statement of Changes in Net Assets
- --------------------------------------------------------------------------------
In thousands
6 Months Year
Ended Ended
6/30/03 12/31/02
Increase (Decrease) in Net Assets
Operations
Net investment income (loss) $ 1,190 $ 2,078
Net realized gain (loss) 712 (13,329)
Change in net
unrealized gain (loss) 24,302 (32,949)
Increase (decrease) in
net assets from operations 26,204 (44,200)
Distributions to shareholders
Net investment income -- (2,043)
Capital share transactions *
Shares sold 56,275 59,944
Distributions reinvested -- 1,940
Shares redeemed (15,263) (45,738)
Redemption fees received 7 2
Increase (decrease) in net
assets from capital
share transactions 41,019 16,148
Net Assets
Increase (decrease) during period 67,223 (30,095)
Beginning of period 167,680 197,775
End of period $ 234,903 $ 167,680
--------------- ---------------
*Share information
Shares sold 6,263 5,897
Distributions reinvested -- 215
Shares redeemed (1,669) (4,581)
Increase (decrease) in
shares outstanding 4,594 1,531
The accompanying notes are an integral part of these financial statements.
T. Rowe Price Total Equity Market Index Fund
- --------------------------------------------------------------------------------
Certified Financials (Unaudited) June 30, 2003
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 Total Equity Market Index Fund (the
fund), a diversified, open-end management investment company, is one of the
portfolios established by the trust and commenced operations on January 30,
1998. The fund seeks to match the performance of the entire U.S. stock market,
as represented by the Wilshire 5000 Total Market 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
Investments are valued 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. 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 ask prices.
Short-term debt securities are valued at amortized cost, which approximates fair
value when combined with accrued interest.
Investments in mutual funds are valued at the closing net asset value per share
of the mutual fund 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 or under the supervision of the officers of the
fund, as authorized by the Board of Directors.
Premiums and Discounts
Premiums and discounts on debt securities are amortized for financial reporting
purposes.
Redemption Fees
A 0.5% fee is assessed on redemptions of fund shares held less than 6 months.
Such fees are deducted from redemption proceeds and retained by the fund, and
have the primary effect of increasing paid-in capital.
Other
Income and expenses are recorded on the accrual basis. Investment transactions
are accounted for on the trade date. Realized gains and losses are reported on
the identified cost basis. Dividend income and distributions to shareholders are
recorded by the fund on the ex-dividend date. Payments ("variation margin") made
or received by the fund 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 Change
in net unrealized gain or loss in the accompanying financial statements.
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, 2003, 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, 2003, the value of loaned securities was $13,227,000; aggregate
collateral consisted of $13,610,000 in the money market pooled trust and U.S.
government securities valued at $10,000.
Other
Purchases and sales of portfolio securities, other than short-term securities,
aggregated $39,589,000 and $1,306,000, respectively, for the six months ended
June 30, 2003.
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 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. Temporary differences are not adjusted. 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, 2003.
For tax purposes, the fund has elected to treat net capital losses realized
between November 1 and December 31 of each year as occurring on the first day of
the following tax year; consequently, $515,000 of realized losses recognized for
financial reporting purposes in the year ended December 31, 2002 were recognized
for tax purposes on January 1, 2003. Further, the fund intends to retain
realized gains to the extent of available capital loss carryforwards. As of
December 31, 2002, the fund had $19,339,000 of unused capital loss
carryforwards, of which $6,280,000 expire in 2009, and $13,059,000 expire in
2010.
At June 30, 2003, the cost of investments for federal income tax purposes was
$269,962,000. Net unrealized loss aggregated $21,086,000 at period-end, of which
$23,529,000 related to appreciated investments and $44,615,000 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, 2003, $106,000
was payable under the agreement.
The fund may invest in the T. Rowe Price Reserve Investment Fund and 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 only to mutual funds,
trusts, and other accounts managed by Price Associates and/or its affiliates,
and are not available to the public. The Reserve Funds pay no investment
management fees. Distributions from the Reserve Funds to the fund for the six
months ended June 30, 2003, totaled $43,000.