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Name | Symbol | Market | Type |
---|---|---|---|
Vanguard FTSE Developed Markets | AMEX:VEA | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.20 | -0.39% | 50.61 | 684 | 14:08:46 |
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY
Investment Company Act file number: | 811-07175 |
Name of Registrant: | Vanguard Tax-Managed Funds |
Address of Registrant: |
P.O. Box 2600
Valley Forge, PA 19482 |
Name and address of agent for service: |
Heidi Stam, Esquire
P.O. Box 876 Valley Forge, PA 19482 |
Registrants telephone number, including area code: (610) 669-1000
Date of fiscal year end: | December 31, 2007 |
Date of reporting period: | March 31, 2008 |
Item 1: | Schedule of Investments |
Vanguard
Tax-Managed Growth & Income Fund
Schedule of Investments
March
31, 2008
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Shares |
Market
Value ($000) |
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Common Stocks (100.0%) | ||
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Consumer Discretionary (8.6%) | ||
McDonald's Corp. | 300,975 | 16,785 |
The Walt Disney Co. | 492,112 | 15,442 |
Comcast Corp. Class A | 782,192 | 15,128 |
Time Warner, Inc. | 934,671 | 13,104 |
Home Depot, Inc. | 441,052 | 12,336 |
News Corp., Class A | 601,144 | 11,271 |
Target Corp. | 214,236 | 10,857 |
Lowe's Cos., Inc. | 382,188 | 8,767 |
NIKE, Inc. Class B | 100,272 | 6,818 |
* Viacom Inc. Class B | 165,836 | 6,570 |
* Amazon.com, Inc. | 80,821 | 5,763 |
Johnson Controls, Inc. | 155,527 | 5,257 |
Yum! Brands, Inc. | 124,460 | 4,631 |
Carnival Corp. | 114,367 | 4,630 |
* DIRECTV Group, Inc. | 186,700 | 4,628 |
Staples, Inc. | 183,140 | 4,049 |
CBS Corp. | 176,128 | 3,889 |
Best Buy Co., Inc. | 92,318 | 3,828 |
Clear Channel Communications, Inc. | 130,368 | 3,809 |
TJX Cos., Inc. | 113,768 | 3,762 |
Omnicom Group Inc. | 83,922 | 3,708 |
* Kohl's Corp. | 81,471 | 3,494 |
* Starbucks Corp. | 190,041 | 3,326 |
* Ford Motor Co. | 577,794 | 3,305 |
International Game Technology | 81,878 | 3,292 |
The McGraw-Hill Cos., Inc. | 84,479 | 3,121 |
Fortune Brands, Inc. | 40,420 | 2,809 |
General Motors Corp. | 147,316 | 2,806 |
* Coach, Inc. | 92,109 | 2,777 |
Marriott International, Inc. Class A | 78,776 | 2,707 |
Macy's Inc. | 112,654 | 2,598 |
Starwood Hotels & Resorts Worldwide, Inc. | 49,208 | 2,547 |
The Gap, Inc. | 119,010 | 2,342 |
Harley-Davidson, Inc. | 62,327 | 2,337 |
* GameStop Corp. Class A | 42,141 | 2,179 |
J.C. Penney Co., Inc. (Holding Co.) | 57,675 | 2,175 |
* Bed Bath & Beyond, Inc. | 68,914 | 2,033 |
* Sears Holdings Corp. | 18,888 | 1,928 |
Mattel, Inc. | 94,816 | 1,887 |
VF Corp. | 22,902 | 1,775 |
H & R Block, Inc. | 84,698 | 1,758 |
Gannett Co., Inc. | 60,425 | 1,755 |
Genuine Parts Co. | 43,118 | 1,734 |
Whirlpool Corp. | 19,692 | 1,709 |
Newell Rubbermaid, Inc. | 72,709 | 1,663 |
Abercrombie & Fitch Co. | 22,308 | 1,632 |
* The Goodyear Tire & Rubber Co. | 62,443 | 1,611 |
* Apollo Group, Inc. Class A | 35,485 | 1,533 |
Nordstrom, Inc. | 46,836 | 1,527 |
Tiffany & Co. | 33,083 | 1,384 |
Limited Brands, Inc. | 80,868 | 1,383 |
Sherwin-Williams Co. | 26,634 | 1,359 |
Eastman Kodak Co. | 75,016 | 1,326 |
* AutoZone Inc. | 11,182 | 1,273 |
Darden Restaurants Inc. | 36,811 | 1,198 |
* Expedia, Inc. | 54,226 | 1,187 |
D. R. Horton, Inc. | 72,415 | 1,141 |
Black & Decker Corp. | 15,886 | 1,050 |
Hasbro, Inc. | 37,205 | 1,038 |
* Interpublic Group of Cos., Inc. | 123,189 | 1,036 |
Washington Post Co. Class B | 1,508 | 998 |
E.W. Scripps Co. Class A | 23,361 | 981 |
* IAC/InterActiveCorp | 47,195 | 980 |
The Stanley Works | 20,466 | 975 |
Wyndham Worldwide Corp. | 46,496 | 962 |
Polo Ralph Lauren Corp. | 15,235 | 888 |
Pulte Homes, Inc. | 55,624 | 809 |
* Office Depot, Inc. | 71,497 | 790 |
Centex Corp. | 31,506 | 763 |
Snap-On Inc. | 14,967 | 761 |
Family Dollar Stores, Inc. | 36,776 | 717 |
New York Times Co. Class A | 37,502 | 708 |
Harman International Industries, Inc. | 15,681 | 683 |
Lennar Corp. Class A | 36,169 | 680 |
Leggett & Platt, Inc. | 44,481 | 678 |
RadioShack Corp. | 33,756 | 549 |
* AutoNation, Inc. | 35,749 | 535 |
Wendy's International, Inc. | 22,811 | 526 |
* Big Lots Inc. | 23,352 | 521 |
KB Home | 20,222 | 500 |
Liz Claiborne, Inc. | 25,738 | 467 |
Meredith Corp. | 9,925 | 380 |
OfficeMax, Inc. | 19,830 | 380 |
Brunswick Corp. | 22,566 | 360 |
Jones Apparel Group, Inc. | 22,440 | 301 |
Dillard's Inc. | 14,706 | 253 |
Comcast Corp. Special Class A | 4,732 | 90 |
* Viacom Inc. Class A | 1,900 | 75 |
CBS Corp. Class A | 1,900 | 42 |
Circuit City Stores, Inc. | 9,639 | 38 |
News Corp., Class B | 200 | 4 |
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260,161 | ||
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Consumer Staples (11.1%) | ||
The Procter & Gamble Co. | 804,251 | 56,354 |
Wal-Mart Stores, Inc. | 617,484 | 32,529 |
The Coca-Cola Co. | 522,317 | 31,793 |
PepsiCo, Inc. | 418,634 | 30,225 |
Philip Morris International Inc. | 550,975 | 27,868 |
CVS/Caremark Corp. | 374,139 | 15,156 |
Kraft Foods Inc. | 400,708 | 12,426 |
Altria Group, Inc. | 550,975 | 12,232 |
Colgate-Palmolive Co. | 133,148 | 10,374 |
Walgreen Co. | 259,094 | 9,869 |
Anheuser-Busch Cos., Inc. | 187,217 | 8,883 |
Costco Wholesale Corp. | 113,602 | 7,381 |
Kimberly-Clark Corp. | 110,002 | 7,101 |
Archer-Daniels-Midland Co. | 168,514 | 6,936 |
General Mills, Inc. | 87,755 | 5,255 |
Sysco Corp. | 158,055 | 4,587 |
The Kroger Co. | 175,747 | 4,464 |
Avon Products, Inc. | 111,621 | 4,413 |
H.J. Heinz Co. | 82,523 | 3,876 |
Kellogg Co. | 68,073 | 3,578 |
Safeway, Inc. | 115,175 | 3,380 |
ConAgra Foods, Inc. | 126,757 | 3,036 |
Wm. Wrigley Jr. Co. | 46,094 | 2,897 |
Reynolds American Inc. | 44,400 | 2,621 |
Sara Lee Corp. | 186,058 | 2,601 |
UST, Inc. | 39,081 | 2,131 |
The Clorox Co. | 36,058 | 2,042 |
Campbell Soup Co. | 57,922 | 1,966 |
Molson Coors Brewing Co. Class B | 35,550 | 1,869 |
Coca-Cola Enterprises, Inc. | 74,460 | 1,802 |
SuperValu Inc. | 55,046 | 1,650 |
The Hershey Co. | 43,735 | 1,647 |
Brown-Forman Corp. Class B | 22,304 | 1,477 |
The Estee Lauder Cos. Inc. Class A | 29,537 | 1,354 |
McCormick & Co., Inc. | 33,243 | 1,229 |
The Pepsi Bottling Group, Inc. | 36,086 | 1,224 |
Whole Foods Market, Inc. | 36,356 | 1,199 |
Tyson Foods, Inc. | 71,233 | 1,136 |
* Constellation Brands, Inc. Class A | 50,295 | 889 |
Dean Foods Co. | 39,200 | 788 |
Wm. Wrigley Jr. Co. Class B | 10,623 | 661 |
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332,899 | ||
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Energy (13.3%) | ||
ExxonMobil Corp. | 1,398,211 | 118,261 |
Chevron Corp. | 542,668 | 46,322 |
ConocoPhillips Co. | 408,027 | 31,096 |
Schlumberger Ltd. | 312,982 | 27,229 |
Occidental Petroleum Corp. | 214,980 | 15,730 |
Devon Energy Corp. | 116,106 | 12,113 |
* Transocean, Inc. | 83,017 | 11,224 |
Apache Corp. | 86,970 | 10,508 |
Halliburton Co. | 230,428 | 9,063 |
Marathon Oil Corp. | 185,278 | 8,449 |
XTO Energy, Inc. | 133,638 | 8,267 |
EOG Resources, Inc. | 64,461 | 7,735 |
Anadarko Petroleum Corp. | 122,586 | 7,727 |
Valero Energy Corp. | 139,960 | 6,873 |
Hess Corp. | 73,051 | 6,442 |
* Weatherford International Ltd. | 88,836 | 6,438 |
Baker Hughes, Inc. | 80,910 | 5,542 |
Chesapeake Energy Corp. | 119,816 | 5,530 |
* National Oilwell Varco Inc. | 93,544 | 5,461 |
Williams Cos., Inc. | 153,135 | 5,050 |
Murphy Oil Corp. | 49,731 | 4,085 |
Spectra Energy Corp. | 164,475 | 3,742 |
Peabody Energy Corp. | 70,980 | 3,620 |
Noble Corp. | 69,748 | 3,464 |
Smith International, Inc. | 52,585 | 3,378 |
CONSOL Energy, Inc. | 47,819 | 3,309 |
Noble Energy, Inc. | 45,055 | 3,280 |
El Paso Corp. | 182,320 | 3,034 |
Range Resources Corp. | 39,336 | 2,496 |
* Nabors Industries, Inc. | 73,702 | 2,489 |
* Cameron International Corp. | 57,000 | 2,373 |
ENSCO International, Inc. | 37,600 | 2,355 |
BJ Services Co. | 76,260 | 2,174 |
Sunoco, Inc. | 30,588 | 1,605 |
Rowan Cos., Inc. | 28,886 | 1,190 |
Tesoro Corp. | 35,534 | 1,066 |
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398,720 | ||
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Financials (16.8%) | ||
Bank of America Corp. | 1,160,910 | 44,010 |
JPMorgan Chase & Co. | 887,612 | 38,123 |
Citigroup, Inc. | 1,360,634 | 29,145 |
American International Group, Inc. | 659,204 | 28,511 |
Wells Fargo & Co. | 861,586 | 25,072 |
The Goldman Sachs Group, Inc. | 103,356 | 17,094 |
U.S. Bancorp | 452,076 | 14,629 |
Wachovia Corp. | 517,997 | 13,986 |
American Express Co. | 302,094 | 13,208 |
Morgan Stanley | 288,614 | 13,190 |
Bank of New York Mellon Corp. | 298,247 | 12,446 |
MetLife, Inc. | 185,596 | 11,184 |
Merrill Lynch & Co., Inc. | 253,887 | 10,343 |
Prudential Financial, Inc. | 116,668 | 9,129 |
AFLAC Inc. | 124,249 | 8,070 |
State Street Corp. | 101,460 | 8,015 |
The Travelers Cos., Inc. | 162,346 | 7,768 |
The Allstate Corp. | 146,682 | 7,050 |
Fannie Mae | 256,125 | 6,741 |
CME Group, Inc. | 13,951 | 6,544 |
The Hartford Financial Services Group Inc. | 82,240 | 6,231 |
PNC Financial Services Group | 89,143 | 5,845 |
Simon Property Group, Inc. REIT | 58,277 | 5,415 |
Lehman Brothers Holdings, Inc. | 138,996 | 5,232 |
SunTrust Banks, Inc. | 91,899 | 5,067 |
Capital One Financial Corp. | 97,586 | 4,803 |
The Chubb Corp. | 96,917 | 4,795 |
ACE Ltd. | 86,455 | 4,760 |
Loews Corp. | 115,164 | 4,632 |
Charles Schwab Corp. | 245,814 | 4,629 |
BB&T Corp. | 142,848 | 4,580 |
Freddie Mac | 169,082 | 4,281 |
NYSE Euronext | 68,997 | 4,258 |
Franklin Resources Corp. | 41,126 | 3,989 |
ProLogis REIT | 67,618 | 3,980 |
The Principal Financial Group, Inc. | 67,518 | 3,762 |
Lincoln National Corp. | 69,186 | 3,598 |
Regions Financial Corp. | 180,813 | 3,571 |
T. Rowe Price Group Inc. | 68,780 | 3,439 |
Northern Trust Corp. | 50,248 | 3,340 |
Marsh & McLennan Cos., Inc. | 135,450 | 3,298 |
Aon Corp. | 80,059 | 3,218 |
Ameriprise Financial, Inc. | 59,342 | 3,077 |
Vornado Realty Trust REIT | 35,422 | 3,054 |
Equity Residential REIT | 70,560 | 2,928 |
Fifth Third Bancorp | 138,739 | 2,902 |
Public Storage, Inc. REIT | 32,653 | 2,894 |
Boston Properties, Inc. REIT | 31,003 | 2,854 |
Progressive Corp. of Ohio | 177,593 | 2,854 |
General Growth Properties Inc. REIT | 69,883 | 2,667 |
Kimco Realty Corp. REIT | 65,823 | 2,578 |
Genworth Financial Inc. | 113,026 | 2,559 |
* IntercontinentalExchange Inc. | 18,434 | 2,406 |
Hudson City Bancorp, Inc. | 135,400 | 2,394 |
Washington Mutual, Inc. | 231,084 | 2,380 |
KeyCorp | 104,422 | 2,292 |
Host Hotels & Resorts Inc. REIT | 135,948 | 2,164 |
HCP, Inc. REIT | 61,346 | 2,074 |
Discover Financial Services | 124,288 | 2,035 |
Unum Group | 90,820 | 1,999 |
Leucadia National Corp. | 44,094 | 1,994 |
Legg Mason Inc. | 34,967 | 1,957 |
Avalonbay Communities, Inc. REIT | 20,115 | 1,942 |
* SLM Corp. | 122,104 | 1,874 |
Moody's Corp. | 53,760 | 1,872 |
Plum Creek Timber Co. Inc. REIT | 44,735 | 1,821 |
American Capital Strategies, Ltd. | 51,092 | 1,745 |
Cincinnati Financial Corp. | 43,195 | 1,643 |
National City Corp. | 164,874 | 1,640 |
M & T Bank Corp. | 20,220 | 1,627 |
Marshall & Ilsley Corp. | 68,608 | 1,592 |
Assurant, Inc. | 24,809 | 1,510 |
Torchmark Corp. | 23,946 | 1,439 |
Comerica, Inc. | 39,313 | 1,379 |
XL Capital Ltd. Class A | 46,420 | 1,372 |
Developers Diversified Realty Corp. REIT | 31,166 | 1,305 |
Zions Bancorp | 28,033 | 1,277 |
Safeco Corp. | 23,420 | 1,028 |
Huntington Bancshares Inc. | 95,528 | 1,027 |
* CB Richard Ellis Group, Inc. | 45,421 | 983 |
Janus Capital Group Inc. | 38,589 | 898 |
Federated Investors, Inc. | 22,495 | 881 |
Sovereign Bancorp, Inc. | 94,058 | 877 |
Apartment Investment & Management Co. Class A R | 23,994 | 859 |
Countrywide Financial Corp. | 150,059 | 825 |
MBIA, Inc. | 55,085 | 673 |
CIT Group Inc. | 49,382 | 585 |
* E*TRADE Financial Corp. | 119,349 | 461 |
First Horizon National Corp. | 32,780 | 459 |
Ambac Financial Group, Inc. | 74,800 | 430 |
Toronto Dominion Bank | 5,469 | 336 |
MGIC Investment Corp. | 31,142 | 328 |
Bear Stearns Co., Inc. | 30,001 | 315 |
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506,046 | ||
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Health Care (11.7%) | ||
Johnson & Johnson | 740,287 | 48,022 |
Pfizer Inc. | 1,766,967 | 36,983 |
Abbott Laboratories | 403,957 | 22,278 |
Merck & Co., Inc. | 565,827 | 21,473 |
Wyeth | 349,617 | 14,600 |
Medtronic, Inc. | 293,474 | 14,195 |
Eli Lilly & Co. | 258,447 | 13,333 |
* Gilead Sciences, Inc. | 242,760 | 12,509 |
* Amgen, Inc. | 284,193 | 11,874 |
UnitedHealth Group Inc. | 327,521 | 11,254 |
Bristol-Myers Squibb Co. | 518,199 | 11,038 |
Baxter International, Inc. | 165,808 | 9,587 |
* Celgene Corp. | 112,740 | 6,910 |
* WellPoint Inc. | 141,888 | 6,262 |
* Thermo Fisher Scientific, Inc. | 109,694 | 6,235 |
Schering-Plough Corp. | 424,379 | 6,115 |
* Medco Health Solutions, Inc. | 137,102 | 6,004 |
Covidien Ltd. | 130,591 | 5,779 |
Becton, Dickinson & Co. | 63,952 | 5,490 |
Aetna Inc. | 130,048 | 5,474 |
* Genzyme Corp. | 70,120 | 5,227 |
Cardinal Health, Inc. | 93,259 | 4,897 |
* Biogen Idec Inc. | 78,008 | 4,812 |
* Zimmer Holdings, Inc. | 61,028 | 4,752 |
* Boston Scientific Corp. | 351,634 | 4,526 |
Allergan, Inc. | 79,798 | 4,500 |
* Express Scripts Inc. | 66,188 | 4,257 |
Stryker Corp. | 62,527 | 4,067 |
McKesson Corp. | 75,805 | 3,970 |
* St. Jude Medical, Inc. | 90,105 | 3,892 |
* Forest Laboratories, Inc. | 81,017 | 3,241 |
CIGNA Corp. | 72,710 | 2,950 |
C.R. Bard, Inc. | 26,214 | 2,527 |
* Laboratory Corp. of America Holdings | 28,900 | 2,129 |
* Humana Inc. | 44,159 | 1,981 |
Quest Diagnostics, Inc. | 40,854 | 1,849 |
* Hospira, Inc. | 41,094 | 1,758 |
AmerisourceBergen Corp. | 42,472 | 1,742 |
* Coventry Health Care Inc. | 40,380 | 1,629 |
* Varian Medical Systems, Inc. | 32,549 | 1,525 |
* Waters Corp. | 26,158 | 1,457 |
Applera Corp.-Applied Biosystems Group | 43,862 | 1,441 |
* Barr Pharmaceuticals Inc. | 27,922 | 1,349 |
* Patterson Cos. | 33,840 | 1,228 |
IMS Health, Inc. | 47,904 | 1,006 |
* Millipore Corp. | 14,174 | 955 |
Mylan Inc. | 79,019 | 917 |
* Watson Pharmaceuticals, Inc. | 26,877 | 788 |
PerkinElmer, Inc. | 31,037 | 753 |
* Tenet Healthcare Corp. | 123,117 | 697 |
* King Pharmaceuticals, Inc. | 63,332 | 551 |
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352,788 | ||
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Industrials (12.2%) | ||
General Electric Co. | 2,609,809 | 96,589 |
United Parcel Service, Inc. | 270,257 | 19,734 |
United Technologies Corp. | 256,525 | 17,654 |
The Boeing Co. | 199,823 | 14,861 |
3M Co. | 184,863 | 14,632 |
Caterpillar, Inc. | 163,283 | 12,783 |
Honeywell International Inc. | 194,514 | 10,974 |
Emerson Electric Co. | 205,660 | 10,583 |
Deere & Co. | 114,100 | 9,178 |
Lockheed Martin Corp. | 89,714 | 8,909 |
General Dynamics Corp. | 105,092 | 8,762 |
Union Pacific Corp. | 68,260 | 8,558 |
FedEx Corp. | 80,797 | 7,487 |
Burlington Northern Santa Fe Corp. | 77,464 | 7,144 |
Raytheon Co. | 109,355 | 7,065 |
Northrop Grumman Corp. | 88,254 | 6,867 |
CSX Corp. | 105,546 | 5,918 |
Tyco International, Ltd. | 126,891 | 5,590 |
Norfolk Southern Corp. | 98,424 | 5,346 |
Danaher Corp. | 66,726 | 5,073 |
Illinois Tool Works, Inc. | 104,739 | 5,052 |
Waste Management, Inc. | 129,630 | 4,350 |
PACCAR, Inc. | 95,899 | 4,315 |
Precision Castparts Corp. | 36,383 | 3,714 |
Textron, Inc. | 64,908 | 3,597 |
L-3 Communications Holdings, Inc. | 31,977 | 3,496 |
Fluor Corp. | 23,254 | 3,283 |
Ingersoll-Rand Co. | 70,967 | 3,164 |
Eaton Corp. | 38,101 | 3,036 |
Parker Hannifin Corp. | 43,820 | 3,035 |
Expeditors International of Washington, Inc. | 55,500 | 2,507 |
Cummins Inc. | 52,984 | 2,481 |
ITT Industries, Inc. | 47,202 | 2,446 |
C.H. Robinson Worldwide Inc. | 44,922 | 2,444 |
Rockwell Collins, Inc. | 42,292 | 2,417 |
Southwest Airlines Co. | 191,086 | 2,369 |
* Jacobs Engineering Group Inc. | 31,485 | 2,317 |
Rockwell Automation, Inc. | 38,733 | 2,224 |
Dover Corp. | 50,206 | 2,098 |
Trane, Inc. | 45,579 | 2,092 |
Pitney Bowes, Inc. | 55,201 | 1,933 |
Masco Corp. | 96,019 | 1,904 |
Goodrich Corp. | 32,548 | 1,872 |
Cooper Industries, Inc. Class A | 46,066 | 1,850 |
R.R. Donnelley & Sons Co. | 55,908 | 1,695 |
* Terex Corp. | 26,594 | 1,662 |
The Manitowoc Co., Inc. | 33,900 | 1,383 |
Avery Dennison Corp. | 27,787 | 1,369 |
W.W. Grainger, Inc. | 17,583 | 1,343 |
Equifax, Inc. | 33,787 | 1,165 |
Pall Corp. | 31,895 | 1,119 |
Robert Half International, Inc. | 41,901 | 1,079 |
Cintas Corp. | 34,102 | 973 |
* Allied Waste Industries, Inc. | 87,918 | 950 |
Ryder System, Inc. | 15,004 | 914 |
* Monster Worldwide Inc. | 33,382 | 808 |
* Raytheon Co. Warrants Exp. 6/16/11 | 2,287 | 68 |
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366,231 | ||
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Information Technology (15.7%) | ||
Microsoft Corp. | 2,091,866 | 59,367 |
International Business Machines Corp. | 361,784 | 41,656 |
* Cisco Systems, Inc. | 1,557,892 | 37,530 |
* Apple Inc. | 229,689 | 32,960 |
Intel Corp. | 1,512,655 | 32,038 |
Hewlett-Packard Co. | 644,314 | 29,419 |
* Google Inc. | 60,603 | 26,694 |
* Oracle Corp. | 1,033,685 | 20,219 |
QUALCOMM Inc. | 421,312 | 17,274 |
* Dell Inc. | 585,612 | 11,665 |
* Yahoo! Inc. | 349,400 | 10,108 |
Corning, Inc. | 411,383 | 9,890 |
Texas Instruments, Inc. | 347,152 | 9,814 |
* eBay Inc. | 292,000 | 8,713 |
* EMC Corp. | 550,001 | 7,887 |
Applied Materials, Inc. | 354,355 | 6,913 |
Automatic Data Processing, Inc. | 136,803 | 5,799 |
Motorola, Inc. | 590,209 | 5,489 |
* Adobe Systems, Inc. | 149,090 | 5,306 |
Tyco Electronics Ltd. | 127,591 | 4,379 |
* MEMC Electronic Materials, Inc. | 59,504 | 4,219 |
Western Union Co. | 195,322 | 4,154 |
* Electronic Arts Inc. | 82,955 | 4,141 |
* Symantec Corp. | 221,555 | 3,682 |
Xerox Corp. | 240,286 | 3,597 |
* Juniper Networks, Inc. | 137,089 | 3,427 |
* Sun Microsystems, Inc. | 207,507 | 3,223 |
Paychex, Inc. | 84,675 | 2,901 |
* NVIDIA Corp. | 144,581 | 2,861 |
* Agilent Technologies, Inc. | 95,547 | 2,850 |
* Broadcom Corp. | 122,445 | 2,360 |
* Intuit, Inc. | 85,644 | 2,313 |
CA, Inc. | 101,935 | 2,294 |
Analog Devices, Inc. | 76,917 | 2,271 |
Electronic Data Systems Corp. | 133,248 | 2,219 |
* Cognizant Technology Solutions Corp. | 75,610 | 2,180 |
* Fiserv, Inc. | 42,791 | 2,058 |
* Autodesk, Inc. | 60,133 | 1,893 |
* VeriSign, Inc. | 55,831 | 1,856 |
* NetApp, Inc. | 89,618 | 1,797 |
Linear Technology Corp. | 58,197 | 1,786 |
Xilinx, Inc. | 74,886 | 1,779 |
KLA-Tencor Corp. | 47,459 | 1,761 |
* Computer Sciences Corp. | 42,514 | 1,734 |
Fidelity National Information Services, Inc. | 44,493 | 1,697 |
* BMC Software, Inc. | 50,185 | 1,632 |
Microchip Technology, Inc. | 49,239 | 1,612 |
Altera Corp. | 80,391 | 1,482 |
* Citrix Systems, Inc. | 48,400 | 1,420 |
* SanDisk Corp. | 59,385 | 1,340 |
* Affiliated Computer Services, Inc. Class A | 25,100 | 1,258 |
* Akamai Technologies, Inc. | 43,373 | 1,221 |
Total System Services, Inc. | 51,344 | 1,215 |
* Micron Technology, Inc. | 197,909 | 1,182 |
National Semiconductor Corp. | 59,316 | 1,087 |
* Teradata Corp. | 46,979 | 1,036 |
* Advanced Micro Devices, Inc. | 157,545 | 928 |
* LSI Corp. | 173,052 | 857 |
Molex, Inc. | 36,922 | 855 |
* Lexmark International, Inc. | 24,808 | 762 |
* JDS Uniphase Corp. | 56,791 | 760 |
* Ciena Corp. | 22,265 | 686 |
* Tellabs, Inc. | 108,315 | 590 |
* Novell, Inc. | 90,581 | 570 |
* Teradyne, Inc. | 45,400 | 564 |
* Novellus Systems, Inc. | 26,648 | 561 |
* QLogic Corp. | 35,680 | 548 |
* Compuware Corp. | 71,576 | 525 |
Jabil Circuit, Inc. | 53,920 | 510 |
* Convergys Corp. | 33,600 | 506 |
* Unisys Corp. | 89,547 | 397 |
|
||
472,277 | ||
|
||
Materials (3.6%) | ||
Monsanto Co. | 143,212 | 15,968 |
E.I. du Pont de Nemours & Co. | 235,031 | 10,990 |
Freeport-McMoRan Copper & Gold, Inc. Class B | 100,015 | 9,623 |
Dow Chemical Co. | 245,609 | 9,051 |
Alcoa Inc. | 213,196 | 7,688 |
Praxair, Inc. | 81,784 | 6,889 |
Newmont Mining Corp. (Holding Co.) | 118,748 | 5,379 |
Air Products & Chemicals, Inc. | 55,962 | 5,150 |
Nucor Corp. | 75,440 | 5,110 |
United States Steel Corp. | 30,760 | 3,903 |
Weyerhaeuser Co. | 54,928 | 3,573 |
International Paper Co. | 111,463 | 3,032 |
PPG Industries, Inc. | 42,604 | 2,578 |
Sigma-Aldrich Corp. | 33,820 | 2,017 |
Ecolab, Inc. | 45,460 | 1,974 |
Allegheny Technologies Inc. | 26,500 | 1,891 |
Vulcan Materials Co. | 28,060 | 1,863 |
Rohm & Haas Co. | 32,657 | 1,766 |
Eastman Chemical Co. | 21,062 | 1,315 |
MeadWestvaco Corp. | 45,499 | 1,238 |
Ball Corp. | 25,487 | 1,171 |
Sealed Air Corp. | 42,092 | 1,063 |
International Flavors & Fragrances, Inc. | 21,234 | 935 |
* Pactiv Corp. | 33,977 | 891 |
Ashland, Inc. | 14,527 | 687 |
Bemis Co., Inc. | 26,350 | 670 |
Hercules, Inc. | 30,017 | 549 |
Titanium Metals Corp. | 25,900 | 390 |
|
||
107,354 | ||
|
||
Telecommunication Services (3.4%) | ||
AT&T Inc. | 1,577,424 | 60,415 |
Verizon Communications Inc. | 750,441 | 27,354 |
Sprint Nextel Corp. | 745,908 | 4,990 |
* American Tower Corp. Class A | 105,973 | 4,155 |
Qwest Communications International Inc. | 407,599 | 1,846 |
Embarq Corp. | 39,885 | 1,599 |
Windstream Corp. | 118,838 | 1,420 |
CenturyTel, Inc. | 27,853 | 926 |
Citizens Communications Co. | 85,659 | 899 |
|
||
103,604 | ||
|
||
Utilities (3.6%) | ||
Exelon Corp. | 172,783 | 14,042 |
Southern Co. | 200,208 | 7,129 |
FPL Group, Inc. | 106,695 | 6,694 |
Dominion Resources, Inc. | 150,428 | 6,143 |
Duke Energy Corp. | 330,650 | 5,902 |
FirstEnergy Corp. | 79,810 | 5,477 |
Entergy Corp. | 50,045 | 5,459 |
Public Service Enterprise Group, Inc. | 133,190 | 5,353 |
PPL Corp. | 97,789 | 4,490 |
American Electric Power Co., Inc. | 104,898 | 4,367 |
Edison International | 85,379 | 4,185 |
Constellation Energy Group, Inc. | 46,576 | 4,111 |
Sempra Energy | 68,502 | 3,650 |
PG&E Corp. | 93,198 | 3,432 |
* AES Corp. | 174,235 | 2,904 |
Progress Energy, Inc. | 68,190 | 2,844 |
Consolidated Edison Inc. | 70,582 | 2,802 |
Questar Corp. | 44,968 | 2,543 |
Ameren Corp. | 54,161 | 2,385 |
Xcel Energy, Inc. | 112,374 | 2,242 |
Allegheny Energy, Inc. | 43,300 | 2,187 |
DTE Energy Co. | 42,679 | 1,660 |
Pepco Holdings, Inc. | 52,155 | 1,289 |
NiSource, Inc. | 71,343 | 1,230 |
CenterPoint Energy Inc. | 85,707 | 1,223 |
* Dynegy, Inc. | 129,402 | 1,021 |
Integrys Energy Group, Inc. | 19,853 | 926 |
Pinnacle West Capital Corp. | 26,240 | 920 |
TECO Energy, Inc. | 54,910 | 876 |
CMS Energy Corp. | 58,481 | 792 |
Nicor Inc. | 11,680 | 391 |
|
||
108,669 | ||
|
||
|
||
Total Investments (100.0%) | ||
(Cost $2,098,129) | 3,008,749 | |
|
||
Other Assets and Liabilities - Net (0.0%) | (745) | |
|
||
Net Assets (100%) | 3,008,004 | |
|
* Non-income-producing security.
REIT Real Estate Investment Trust.
Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the funds pricing time but after the close of the securities primary markets, are valued by methods deemed by the board of trustees to represent fair value.
At March 31, 2008, the cost of investment securities for tax purposes was $2,098,129,000. Net unrealized appreciation of investment securities for tax purposes was $910,620,000, consisting of unrealized gains of $1,075,091,000 on securities that had risen in value since their purchase and $164,471,000 in unrealized losses on securities that had fallen in value since their purchase.
In September 2006, the Financial Accounting Standards Board issued Interpretation No. 157 (FAS 157), Fair Value Measurements. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements, effective for the funds current fiscal period.
Various inputs may be used to determine the value of the funds investments. These inputs are summarized in three broad levels:
Level
1 quoted prices in active markets for identical securities.
Level
2 other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3
significant unobservable inputs (including the funds own assumptions used to
determine the fair value of investments).
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2008, 100% of the funds investments were valued based on Level 1 inputs.
Vanguard
Tax-Managed Capital Appreciation Fund
Schedule of Investments
March 31, 2008
|
||
Shares |
Market
Value ($000) |
|
---|---|---|
|
||
Common Stocks (100.0%) | ||
|
||
Consumer Discretionary (9.4%) | ||
McDonald's Corp. | 369,860 | 20,627 |
The Walt Disney Co. | 638,636 | 20,040 |
Time Warner, Inc. | 1,151,647 | 16,146 |
News Corp., Class A | 799,700 | 14,994 |
Comcast Corp. Class A | 767,793 | 14,849 |
Target Corp. | 267,800 | 13,572 |
Home Depot, Inc. | 480,000 | 13,426 |
Lowe's Cos., Inc. | 496,400 | 11,387 |
NIKE, Inc. Class B | 127,200 | 8,650 |
Johnson Controls, Inc. | 237,600 | 8,031 |
Yum! Brands, Inc. | 211,060 | 7,854 |
* Viacom Inc. Class B | 164,484 | 6,517 |
* DIRECTV Group, Inc. | 257,302 | 6,379 |
* Amazon.com, Inc. | 84,900 | 6,053 |
Best Buy Co., Inc. | 143,950 | 5,968 |
International Game Technology | 129,600 | 5,211 |
Marriott International, Inc. Class A | 144,300 | 4,958 |
* Starbucks Corp. | 280,752 | 4,913 |
* Coach, Inc. | 160,900 | 4,851 |
The Gap, Inc. | 246,487 | 4,851 |
CBS Corp. | 214,484 | 4,736 |
Starwood Hotels & Resorts Worldwide, Inc. | 88,624 | 4,586 |
The McGraw-Hill Cos., Inc. | 122,900 | 4,541 |
* Kohl's Corp. | 103,500 | 4,439 |
Clear Channel Communications, Inc. | 140,636 | 4,109 |
Harley-Davidson, Inc. | 107,000 | 4,013 |
Abercrombie & Fitch Co. | 54,500 | 3,986 |
* AutoZone Inc. | 33,300 | 3,791 |
BorgWarner, Inc. | 88,000 | 3,787 |
* Liberty Media Corp. | 158,124 | 3,580 |
* Bed Bath & Beyond, Inc. | 118,717 | 3,502 |
Advance Auto Parts, Inc. | 100,400 | 3,419 |
* Liberty Media Corp.-Interactive Series A | 210,189 | 3,392 |
Mattel, Inc. | 168,032 | 3,344 |
* MGM Mirage, Inc. | 56,746 | 3,335 |
Macy's Inc. | 140,200 | 3,233 |
Darden Restaurants Inc. | 97,150 | 3,162 |
Polo Ralph Lauren Corp. | 53,400 | 3,113 |
Centex Corp. | 120,300 | 2,912 |
* CarMax, Inc. | 148,046 | 2,875 |
Virgin Media Inc. | 203,879 | 2,869 |
Hasbro, Inc. | 100,600 | 2,807 |
Black & Decker Corp. | 42,400 | 2,803 |
PetSmart, Inc. | 136,900 | 2,798 |
* O'Reilly Automotive, Inc. | 93,848 | 2,677 |
E.W. Scripps Co. Class A | 62,170 | 2,612 |
* Sears Holdings Corp. | 24,905 | 2,543 |
John Wiley & Sons Class A | 63,800 | 2,533 |
* Apollo Group, Inc. Class A | 58,084 | 2,509 |
* Mohawk Industries, Inc. | 34,700 | 2,485 |
* Liberty Global, Inc. Series C | 75,207 | 2,443 |
* NVR, Inc. | 3,980 | 2,378 |
* Liberty Global, Inc. Class A | 67,398 | 2,297 |
Omnicom Group Inc. | 50,600 | 2,236 |
Weight Watchers International, Inc. | 45,200 | 2,094 |
Staples, Inc. | 94,495 | 2,089 |
* Cablevision Systems NY Group Class A | 95,544 | 2,048 |
Harman International Industries, Inc. | 46,900 | 2,042 |
* Lamar Advertising Co. Class A | 56,186 | 2,019 |
Gentex Corp. | 116,252 | 1,994 |
D. R. Horton, Inc. | 126,366 | 1,990 |
Dillard's Inc. | 115,200 | 1,983 |
Thor Industries, Inc. | 66,400 | 1,977 |
Orient-Express Hotel Ltd. | 45,500 | 1,964 |
* AutoNation, Inc. | 130,380 | 1,952 |
Brinker International, Inc. | 102,750 | 1,906 |
* Dollar Tree,Inc. | 67,734 | 1,869 |
* Discovery Holding Co. Class A | 86,075 | 1,827 |
Washington Post Co. Class B | 2,720 | 1,799 |
Barnes & Noble, Inc. | 57,300 | 1,756 |
WABCO Holdings Inc. | 37,900 | 1,729 |
* Sirius Satellite Radio, Inc. | 591,100 | 1,691 |
Williams-Sonoma, Inc. | 69,100 | 1,675 |
International Speedway Corp. | 38,964 | 1,605 |
* Toll Brothers, Inc. | 64,600 | 1,517 |
Pulte Homes, Inc. | 100,800 | 1,467 |
* The Cheesecake Factory Inc. | 66,900 | 1,458 |
* Saks Inc. | 116,900 | 1,458 |
Hearst-Argyle Television Inc. | 70,100 | 1,446 |
* Office Depot, Inc. | 129,800 | 1,434 |
Wyndham Worldwide Corp. | 66,385 | 1,373 |
Liz Claiborne, Inc. | 74,100 | 1,345 |
American Eagle Outfitters, Inc. | 75,991 | 1,331 |
Ryland Group, Inc. | 37,500 | 1,233 |
Foot Locker, Inc. | 103,900 | 1,223 |
Harte-Hanks, Inc. | 88,400 | 1,208 |
Nordstrom, Inc. | 32,300 | 1,053 |
Jones Apparel Group, Inc. | 77,600 | 1,041 |
Lennar Corp. Class A | 54,600 | 1,027 |
* IAC/InterActiveCorp | 49,030 | 1,018 |
Phillips-Van Heusen Corp. | 26,700 | 1,012 |
RadioShack Corp. | 58,000 | 943 |
* TRW Automotive Holdings Corp. | 40,300 | 942 |
Brunswick Corp. | 56,400 | 901 |
* Expedia, Inc. | 37,225 | 815 |
* Career Education Corp. | 60,400 | 768 |
* Chico's FAS, Inc. | 100,200 | 712 |
Limited Brands, Inc. | 36,609 | 626 |
* Ford Motor Co. | 106,000 | 606 |
Circuit City Stores, Inc. | 129,200 | 514 |
* Viacom Inc. Class A | 6,844 | 271 |
Comcast Corp. Special Class A | 12,397 | 235 |
Wynn Resorts Ltd. | 2,000 | 201 |
* Hanesbrands Inc. | 5,575 | 163 |
CBS Corp. Class A | 6,844 | 151 |
Lennar Corp. Class B | 8,300 | 143 |
* R.H. Donnelley Corp. | 24,975 | 126 |
Idearc Inc. | 33,207 | 121 |
|
||
377,013 | ||
|
||
Consumer Staples (10.4%) | ||
The Procter & Gamble Co. | 950,377 | 66,593 |
The Coca-Cola Co. | 690,000 | 42,000 |
PepsiCo, Inc. | 521,100 | 37,623 |
Wal-Mart Stores, Inc. | 696,528 | 36,693 |
Philip Morris International Inc. | 549,900 | 27,814 |
CVS/Caremark Corp. | 492,354 | 19,945 |
Altria Group, Inc. | 549,900 | 12,208 |
Walgreen Co. | 307,300 | 11,705 |
Kraft Foods Inc. | 366,703 | 11,371 |
Archer-Daniels-Midland Co. | 249,573 | 10,272 |
Costco Wholesale Corp. | 156,100 | 10,142 |
Colgate-Palmolive Co. | 115,900 | 9,030 |
The Kroger Co. | 277,400 | 7,046 |
Anheuser-Busch Cos., Inc. | 120,600 | 5,722 |
Wm. Wrigley Jr. Co. | 88,900 | 5,586 |
Kellogg Co. | 98,600 | 5,182 |
Safeway, Inc. | 170,462 | 5,003 |
Sysco Corp. | 163,300 | 4,739 |
Coca-Cola Enterprises, Inc. | 192,300 | 4,654 |
Kimberly-Clark Corp. | 70,296 | 4,538 |
Campbell Soup Co. | 124,800 | 4,237 |
Molson Coors Brewing Co. Class B | 80,100 | 4,211 |
The Estee Lauder Cos. Inc. Class A | 87,000 | 3,989 |
The Clorox Co. | 69,120 | 3,915 |
The Pepsi Bottling Group, Inc. | 112,212 | 3,805 |
* Energizer Holdings, Inc. | 41,228 | 3,730 |
Brown-Forman Corp. Class B | 55,717 | 3,690 |
Tyson Foods, Inc. | 231,163 | 3,687 |
McCormick & Co., Inc. | 96,400 | 3,564 |
Church & Dwight, Inc. | 65,100 | 3,531 |
Hormel Foods Corp. | 83,100 | 3,462 |
The Hershey Co. | 88,500 | 3,334 |
Alberto-Culver Co. | 117,363 | 3,217 |
Corn Products International, Inc. | 84,500 | 3,138 |
Del Monte Foods Co. | 322,900 | 3,077 |
* Constellation Brands, Inc. Class A | 171,600 | 3,032 |
* Smithfield Foods, Inc. | 114,900 | 2,960 |
PepsiAmericas, Inc. | 104,900 | 2,678 |
Dean Foods Co. | 131,700 | 2,646 |
* Hansen Natural Corp. | 73,800 | 2,605 |
Whole Foods Market, Inc. | 65,740 | 2,167 |
Avon Products, Inc. | 38,300 | 1,514 |
General Mills, Inc. | 22,200 | 1,329 |
Wm. Wrigley Jr. Co. Class B | 20,325 | 1,264 |
* Rite Aid Corp. | 417,400 | 1,227 |
* NBTY, Inc. | 23,900 | 716 |
Sara Lee Corp. | 44,600 | 624 |
* Bare Escentuals, Inc. | 24,104 | 565 |
ConAgra Foods, Inc. | 11,200 | 268 |
Reynolds American Inc. | 106 | 6 |
|
||
416,054 | ||
|
||
Energy (12.9%) | ||
ExxonMobil Corp. | 1,625,734 | 137,505 |
Chevron Corp. | 576,338 | 49,196 |
ConocoPhillips Co. | 416,430 | 31,736 |
Schlumberger Ltd. | 289,400 | 25,178 |
Devon Energy Corp. | 158,022 | 16,486 |
Apache Corp. | 122,462 | 14,796 |
Occidental Petroleum Corp. | 171,600 | 12,556 |
* Transocean, Inc. | 88,907 | 12,020 |
XTO Energy, Inc. | 182,541 | 11,292 |
EOG Resources, Inc. | 93,800 | 11,256 |
Anadarko Petroleum Corp. | 175,916 | 11,088 |
* Weatherford International Ltd. | 135,100 | 9,791 |
Hess Corp. | 108,400 | 9,559 |
Valero Energy Corp. | 194,180 | 9,536 |
Baker Hughes, Inc. | 124,580 | 8,534 |
* National Oilwell Varco Inc. | 141,446 | 8,258 |
Williams Cos., Inc. | 247,700 | 8,169 |
Noble Corp. | 127,700 | 6,343 |
Peabody Energy Corp. | 123,400 | 6,293 |
Smith International, Inc. | 96,300 | 6,185 |
Noble Energy, Inc. | 84,600 | 6,159 |
Halliburton Co. | 138,200 | 5,435 |
ENSCO International, Inc. | 86,200 | 5,398 |
Range Resources Corp. | 83,400 | 5,292 |
* Cameron International Corp. | 119,000 | 4,955 |
Marathon Oil Corp. | 107,500 | 4,902 |
Diamond Offshore Drilling, Inc. | 40,900 | 4,761 |
Chesapeake Energy Corp. | 103,011 | 4,754 |
* FMC Technologies Inc. | 82,750 | 4,708 |
* Newfield Exploration Co. | 86,900 | 4,593 |
Pioneer Natural Resources Co. | 91,900 | 4,514 |
BJ Services Co. | 147,100 | 4,194 |
* Plains Exploration & Production Co. | 78,760 | 4,185 |
Cimarex Energy Co. | 74,300 | 4,067 |
Cabot Oil & Gas Corp. | 78,800 | 4,006 |
Arch Coal, Inc. | 89,400 | 3,889 |
* Grant Prideco, Inc. | 78,800 | 3,879 |
* Pride International, Inc. | 106,400 | 3,719 |
* Forest Oil Corp. | 72,300 | 3,540 |
Rowan Cos., Inc. | 80,600 | 3,319 |
St. Mary Land & Exploration Co. | 82,800 | 3,188 |
Patterson-UTI Energy, Inc. | 108,000 | 2,827 |
Frontier Oil Corp. | 102,007 | 2,781 |
Foundation Coal Holdings, Inc. | 54,600 | 2,748 |
W&T Offshore, Inc. | 78,900 | 2,691 |
* Nabors Industries, Inc. | 55,500 | 1,874 |
Spectra Energy Corp. | 77,296 | 1,758 |
* Unit Corp. | 12,800 | 725 |
* Patriot Coal Corp. | 12,220 | 574 |
Tesoro Corp. | 7,100 | 213 |
|
||
515,425 | ||
|
||
Financials (16.3%) | ||
Bank of America Corp. | 1,205,631 | 45,705 |
JPMorgan Chase & Co. | 889,389 | 38,199 |
American International Group, Inc. | 709,331 | 30,679 |
Citigroup, Inc. | 1,337,344 | 28,646 |
Wells Fargo & Co. | 821,580 | 23,908 |
The Goldman Sachs Group, Inc. | 135,930 | 22,481 |
American Express Co. | 331,300 | 14,484 |
Wachovia Corp. | 526,382 | 14,212 |
Prudential Financial, Inc. | 166,404 | 13,021 |
U.S. Bancorp | 392,700 | 12,708 |
Morgan Stanley | 264,800 | 12,101 |
State Street Corp. | 148,678 | 11,746 |
AFLAC Inc. | 179,600 | 11,665 |
Merrill Lynch & Co., Inc. | 274,000 | 11,163 |
MetLife, Inc. | 178,021 | 10,728 |
CME Group, Inc. | 20,970 | 9,837 |
Bank of New York Mellon Corp. | 204,700 | 8,542 |
Capital One Financial Corp. | 165,900 | 8,166 |
Fannie Mae | 310,000 | 8,159 |
Lehman Brothers Holdings, Inc. | 200,738 | 7,556 |
Loews Corp. | 182,700 | 7,348 |
Charles Schwab Corp. | 389,200 | 7,329 |
Franklin Resources Corp. | 73,700 | 7,148 |
The Travelers Cos., Inc. | 140,077 | 6,703 |
The Principal Financial Group, Inc. | 118,200 | 6,586 |
Ameriprise Financial, Inc. | 115,160 | 5,971 |
Hudson City Bancorp, Inc. | 331,402 | 5,859 |
Progressive Corp. of Ohio | 340,300 | 5,469 |
Freddie Mac | 215,700 | 5,462 |
Public Storage, Inc. REIT | 60,700 | 5,379 |
The Allstate Corp. | 102,300 | 4,917 |
Boston Properties, Inc. REIT | 51,900 | 4,778 |
BlackRock, Inc. | 23,350 | 4,768 |
Leucadia National Corp. | 104,500 | 4,725 |
ProLogis REIT | 80,068 | 4,713 |
Discover Financial Services | 287,700 | 4,710 |
T. Rowe Price Group Inc. | 92,978 | 4,649 |
Assurant, Inc. | 75,300 | 4,583 |
Nymex Holdings Inc. | 50,495 | 4,576 |
Unum Group | 206,200 | 4,538 |
Kimco Realty Corp. REIT | 112,300 | 4,399 |
Moody's Corp. | 122,000 | 4,249 |
Plum Creek Timber Co. Inc. REIT | 100,900 | 4,107 |
Torchmark Corp. | 68,100 | 4,093 |
Legg Mason Inc. | 72,200 | 4,042 |
Genworth Financial Inc. | 171,900 | 3,892 |
The St. Joe Co. | 90,600 | 3,889 |
Host Hotels & Resorts Inc. REIT | 238,898 | 3,803 |
* CB Richard Ellis Group, Inc. | 174,600 | 3,778 |
The Hartford Financial Services Group Inc. | 49,200 | 3,728 |
Avalonbay Communities, Inc. REIT | 37,200 | 3,591 |
* SLM Corp. | 232,400 | 3,567 |
W.R. Berkley Corp. | 125,897 | 3,486 |
* Markel Corp. | 7,910 | 3,480 |
* TD Ameritrade Holding Corp. | 208,400 | 3,441 |
M & T Bank Corp. | 42,600 | 3,428 |
Janus Capital Group Inc. | 147,000 | 3,421 |
Jones Lang LaSalle Inc. | 43,800 | 3,387 |
AMB Property Corp. REIT | 60,900 | 3,314 |
* Arch Capital Group Ltd. | 47,300 | 3,248 |
Sovereign Bancorp, Inc. | 343,374 | 3,200 |
SEI Investments Co. | 128,370 | 3,169 |
Commerce Bancshares, Inc. | 73,017 | 3,069 |
Forest City Enterprise Class A | 83,100 | 3,058 |
Radian Group, Inc. | 460,977 | 3,029 |
The Hanover Insurance Group Inc. | 71,800 | 2,954 |
StanCorp Financial Group, Inc. | 61,500 | 2,934 |
Transatlantic Holdings, Inc. | 44,114 | 2,927 |
Reinsurance Group of America, Inc. | 53,500 | 2,913 |
PNC Financial Services Group | 42,995 | 2,819 |
Cullen/Frost Bankers, Inc. | 52,600 | 2,790 |
Marshall & Ilsley Corp. | 119,600 | 2,775 |
TFS Financial Corp. | 230,200 | 2,769 |
Federated Investors, Inc. | 68,250 | 2,673 |
BOK Financial Corp. | 51,171 | 2,673 |
* Affiliated Managers Group, Inc. | 29,300 | 2,659 |
Zions Bancorp | 58,100 | 2,646 |
Eaton Vance Corp. | 86,202 | 2,630 |
* Alleghany Corp. | 7,641 | 2,609 |
* Philadelphia Consolidated Holding Corp. | 80,300 | 2,586 |
Apartment Investment & Management Co. Class A REIT | 71,198 | 2,550 |
Wesco Financial Corp. | 6,300 | 2,545 |
SL Green Realty Corp. REIT | 30,400 | 2,477 |
First Citizens BancShares Class A | 17,642 | 2,458 |
East West Bancorp, Inc. | 138,020 | 2,450 |
Brown & Brown, Inc. | 140,800 | 2,447 |
People's United Financial Inc. | 139,114 | 2,408 |
Washington Mutual, Inc. | 230,482 | 2,374 |
Douglas Emmett, Inc. REIT | 105,073 | 2,318 |
HCC Insurance Holdings, Inc. | 99,100 | 2,249 |
* Conseco, Inc. | 217,095 | 2,214 |
MGIC Investment Corp. | 209,600 | 2,207 |
UnionBanCal Corp. | 43,800 | 2,150 |
Camden Property Trust REIT | 42,400 | 2,128 |
City National Corp. | 42,000 | 2,077 |
Raymond James Financial, Inc. | 89,650 | 2,060 |
The PMI Group Inc. | 328,415 | 1,911 |
SunTrust Banks, Inc. | 33,800 | 1,864 |
CNA Financial Corp. | 69,500 | 1,792 |
Webster Financial Corp. | 62,400 | 1,739 |
New York Community Bancorp, Inc. | 86,400 | 1,574 |
White Mountains Insurance Group Inc. | 3,225 | 1,548 |
BB&T Corp. | 46,300 | 1,484 |
Countrywide Financial Corp. | 243,898 | 1,341 |
Northern Trust Corp. | 19,250 | 1,280 |
* AmeriCredit Corp. | 118,900 | 1,197 |
Colonial BancGroup, Inc. | 123,300 | 1,187 |
NYSE Euronext | 17,500 | 1,080 |
Bank of Hawaii Corp. | 20,100 | 996 |
Regions Financial Corp. | 49,934 | 986 |
Simon Property Group, Inc. REIT | 10,561 | 981 |
BRE Properties Inc. Class A REIT | 21,500 | 980 |
* E*TRADE Financial Corp. | 232,132 | 896 |
CapitalSource Inc. REIT | 90,638 | 876 |
American Financial Group, Inc. | 32,200 | 823 |
Toronto Dominion Bank | 12,939 | 794 |
MBIA, Inc. | 57,000 | 697 |
* Liberty Media Corp.-Capital Series A | 39,531 | 622 |
Taubman Co. REIT | 11,300 | 589 |
IndyMac Bancorp, Inc. | 115,100 | 571 |
Bear Stearns Co., Inc. | 49,800 | 522 |
The Chubb Corp. | 10,400 | 515 |
The First Marblehead Corp. | 55,450 | 414 |
National City Corp. | 39,040 | 388 |
Thornburg Mortgage, Inc. REIT | 358,181 | 380 |
Ambac Financial Group, Inc. | 63,350 | 364 |
Synovus Financial Corp. | 32,256 | 357 |
Fifth Third Bancorp | 12,300 | 257 |
Wilmington Trust Corp. | 3,100 | 96 |
Essex Property Trust, Inc. REIT | 300 | 34 |
First Horizon National Corp. | 300 | 4 |
|
||
653,393 | ||
|
||
Health Care (11.9%) | ||
Johnson & Johnson | 854,298 | 55,418 |
Pfizer Inc. | 1,900,760 | 39,783 |
Merck & Co., Inc. | 537,200 | 20,387 |
Abbott Laboratories | 352,700 | 19,451 |
Wyeth | 416,700 | 17,401 |
* Gilead Sciences, Inc. | 324,600 | 16,727 |
Medtronic, Inc. | 330,400 | 15,981 |
* Amgen, Inc. | 379,125 | 15,840 |
* Genentech, Inc. | 172,700 | 14,020 |
UnitedHealth Group Inc. | 367,662 | 12,633 |
Eli Lilly & Co. | 183,100 | 9,446 |
* Thermo Fisher Scientific, Inc. | 165,993 | 9,435 |
* Medco Health Solutions, Inc. | 214,642 | 9,399 |
* WellPoint Inc. | 197,116 | 8,699 |
Schering-Plough Corp. | 598,100 | 8,619 |
* Celgene Corp. | 140,500 | 8,611 |
Aetna Inc. | 197,988 | 8,333 |
* Genzyme Corp. | 109,200 | 8,140 |
* Biogen Idec Inc. | 126,561 | 7,808 |
Cardinal Health, Inc. | 145,512 | 7,641 |
Bristol-Myers Squibb Co. | 348,900 | 7,432 |
Allergan, Inc. | 128,650 | 7,255 |
Stryker Corp. | 109,200 | 7,103 |
Becton, Dickinson & Co. | 80,600 | 6,920 |
* Express Scripts Inc. | 99,462 | 6,397 |
* Zimmer Holdings, Inc. | 81,170 | 6,320 |
* Forest Laboratories, Inc. | 154,100 | 6,166 |
* St. Jude Medical, Inc. | 139,832 | 6,039 |
Baxter International, Inc. | 93,041 | 5,380 |
CIGNA Corp. | 129,300 | 5,246 |
* Laboratory Corp. of America Holdings | 66,100 | 4,870 |
Applera Corp.-Applied Biosystems Group | 126,605 | 4,160 |
AmerisourceBergen Corp. | 99,200 | 4,065 |
Covidien Ltd. | 91,750 | 4,060 |
* Hospira, Inc. | 91,940 | 3,932 |
DENTSPLY International Inc. | 101,600 | 3,922 |
* Henry Schein, Inc. | 67,200 | 3,857 |
McKesson Corp. | 73,424 | 3,845 |
Quest Diagnostics, Inc. | 80,200 | 3,631 |
* Waters Corp. | 64,400 | 3,587 |
* Humana Inc. | 79,300 | 3,557 |
Pharmaceutical Product Development, Inc. | 84,803 | 3,553 |
* Varian Medical Systems, Inc. | 72,900 | 3,415 |
* Coventry Health Care Inc. | 81,025 | 3,269 |
* Millipore Corp. | 46,200 | 3,114 |
Beckman Coulter, Inc. | 47,600 | 3,073 |
PerkinElmer, Inc. | 124,804 | 3,027 |
Mylan Inc. | 253,137 | 2,936 |
IMS Health, Inc. | 135,552 | 2,848 |
C.R. Bard, Inc. | 29,300 | 2,825 |
* Barr Pharmaceuticals Inc. | 58,025 | 2,803 |
* Boston Scientific Corp. | 207,945 | 2,676 |
* Patterson Cos. | 73,530 | 2,669 |
Universal Health Services Class B | 45,300 | 2,432 |
* Watson Pharmaceuticals, Inc. | 78,500 | 2,302 |
* Health Net Inc. | 74,200 | 2,285 |
* Endo Pharmaceuticals Holdings, Inc. | 86,000 | 2,059 |
* Lincare Holdings, Inc. | 66,500 | 1,869 |
* Kinetic Concepts, Inc. | 31,000 | 1,433 |
* Sepracor Inc. | 58,700 | 1,146 |
Cooper Cos., Inc. | 28,600 | 985 |
* King Pharmaceuticals, Inc. | 89,119 | 775 |
Omnicare, Inc. | 40,900 | 743 |
* Health Management Associates Class A | 135,368 | 716 |
* Abraxis BioScience | 11,049 | 653 |
* APP Pharmaceuticals, Inc. | 44,198 | 534 |
* DaVita, Inc. | 4,000 | 191 |
|
||
475,847 | ||
|
||
Industrials (12.6%) | ||
General Electric Co. | 2,927,534 | 108,348 |
United Technologies Corp. | 296,600 | 20,412 |
The Boeing Co. | 236,770 | 17,609 |
Caterpillar, Inc. | 171,100 | 13,395 |
3M Co. | 154,200 | 12,205 |
General Dynamics Corp. | 144,600 | 12,055 |
Lockheed Martin Corp. | 116,800 | 11,598 |
United Parcel Service, Inc. | 147,300 | 10,756 |
FedEx Corp. | 110,700 | 10,259 |
CSX Corp. | 176,200 | 9,880 |
Illinois Tool Works, Inc. | 175,200 | 8,450 |
Norfolk Southern Corp. | 155,200 | 8,430 |
Deere & Co. | 104,800 | 8,430 |
Union Pacific Corp. | 61,957 | 7,768 |
Danaher Corp. | 102,000 | 7,755 |
Emerson Electric Co. | 142,400 | 7,328 |
Honeywell International Inc. | 129,200 | 7,289 |
Waste Management, Inc. | 204,297 | 6,856 |
PACCAR, Inc. | 149,110 | 6,710 |
L-3 Communications Holdings, Inc. | 60,100 | 6,571 |
Precision Castparts Corp. | 64,100 | 6,543 |
Fluor Corp. | 44,600 | 6,296 |
* McDermott International, Inc. | 111,700 | 6,123 |
Parker Hannifin Corp. | 85,200 | 5,902 |
Northrop Grumman Corp. | 72,268 | 5,623 |
C.H. Robinson Worldwide Inc. | 95,400 | 5,190 |
Expeditors International of Washington, Inc. | 112,361 | 5,076 |
Cummins Inc. | 107,200 | 5,019 |
Rockwell Collins, Inc. | 85,600 | 4,892 |
ITT Industries, Inc. | 93,400 | 4,839 |
Burlington Northern Santa Fe Corp. | 52,198 | 4,814 |
Southwest Airlines Co. | 385,887 | 4,785 |
Trane, Inc. | 101,800 | 4,673 |
Fastenal Co. | 101,600 | 4,666 |
Joy Global Inc. | 69,800 | 4,548 |
* Jacobs Engineering Group Inc. | 61,500 | 4,526 |
* Foster Wheeler Ltd. | 75,300 | 4,264 |
SPX Corp. | 40,400 | 4,238 |
Roper Industries Inc. | 69,500 | 4,131 |
* Terex Corp. | 65,800 | 4,113 |
Flowserve Corp. | 38,800 | 4,050 |
Tyco International, Ltd. | 91,750 | 4,042 |
Ametek, Inc. | 89,800 | 3,943 |
The Manitowoc Co., Inc. | 92,868 | 3,789 |
Republic Services, Inc. Class A | 126,200 | 3,690 |
Landstar System, Inc. | 70,589 | 3,682 |
* Stericycle, Inc. | 70,000 | 3,605 |
The Dun & Bradstreet Corp. | 43,200 | 3,516 |
J.B. Hunt Transport Services, Inc. | 111,800 | 3,514 |
Pall Corp. | 99,500 | 3,489 |
W.W. Grainger, Inc. | 45,400 | 3,468 |
DRS Technologies, Inc. | 58,900 | 3,433 |
Donaldson Co., Inc. | 82,700 | 3,331 |
* Alliant Techsystems, Inc. | 31,400 | 3,251 |
Con-way, Inc. | 64,200 | 3,177 |
* USG Corp. | 85,883 | 3,162 |
Manpower Inc. | 54,600 | 3,072 |
Oshkosh Truck Corp. | 84,300 | 3,058 |
Equifax, Inc. | 88,300 | 3,045 |
Trinity Industries, Inc. | 113,411 | 3,022 |
IDEX Corp. | 86,400 | 2,652 |
* Quanta Services, Inc. | 113,000 | 2,618 |
MSC Industrial Direct Co., Inc. Class A | 59,200 | 2,501 |
Raytheon Co. | 38,400 | 2,481 |
The Brink's Co. | 36,800 | 2,472 |
The Toro Co. | 57,400 | 2,376 |
Robert Half International, Inc. | 87,500 | 2,252 |
Carlisle Co., Inc. | 65,200 | 2,180 |
* Allied Waste Industries, Inc. | 195,300 | 2,111 |
Cintas Corp. | 70,766 | 2,020 |
Teleflex Inc. | 37,000 | 1,765 |
UTI Worldwide, Inc. | 77,587 | 1,558 |
Graco, Inc. | 33,700 | 1,222 |
Rockwell Automation, Inc. | 20,300 | 1,166 |
Textron, Inc. | 8,400 | 466 |
* Delta Air Lines Inc. | 47,000 | 404 |
KBR Inc. | 12,900 | 358 |
* Avis Budget Group, Inc. | 33,192 | 352 |
* YRC Worldwide, Inc. | 23,812 | 312 |
* Hertz Global Holdings Inc. | 22,000 | 265 |
Ryder System, Inc. | 3,600 | 219 |
UAL Corp. | 9,000 | 194 |
* Spirit Aerosystems Holdings Inc. | 5,600 | 124 |
* Raytheon Co. Warrants Exp. 6/16/11 | 2,285 | 68 |
* AMR Corp. | 3,100 | 28 |
|
||
503,868 | ||
|
||
Information Technology (15.6%) | ||
Microsoft Corp. | 2,376,500 | 67,445 |
* Cisco Systems, Inc. | 1,913,900 | 46,106 |
International Business Machines Corp. | 394,058 | 45,372 |
* Apple Inc. | 278,000 | 39,893 |
Hewlett-Packard Co. | 730,958 | 33,376 |
* Google Inc. | 73,300 | 32,286 |
Intel Corp. | 1,472,400 | 31,185 |
* Oracle Corp. | 1,271,534 | 24,871 |
QUALCOMM Inc. | 384,120 | 15,749 |
Texas Instruments, Inc. | 480,500 | 13,584 |
* Dell Inc. | 610,800 | 12,167 |
Corning, Inc. | 504,200 | 12,121 |
* EMC Corp. | 733,000 | 10,511 |
* eBay Inc. | 340,220 | 10,152 |
Applied Materials, Inc. | 516,300 | 10,073 |
* Yahoo! Inc. | 325,000 | 9,402 |
MasterCard, Inc. Class A | 35,650 | 7,950 |
Western Union Co. | 335,295 | 7,132 |
* Adobe Systems, Inc. | 188,800 | 6,719 |
* Symantec Corp. | 376,453 | 6,257 |
* Electronic Arts Inc. | 104,800 | 5,232 |
* Agilent Technologies, Inc. | 166,306 | 4,961 |
* Sun Microsystems, Inc. | 307,475 | 4,775 |
* NVIDIA Corp. | 234,750 | 4,646 |
Xerox Corp. | 305,400 | 4,572 |
Amphenol Corp. | 116,000 | 4,321 |
CA, Inc. | 191,666 | 4,312 |
* Fiserv, Inc. | 89,450 | 4,302 |
Fidelity National Information Services, Inc. | 112,500 | 4,291 |
Analog Devices, Inc. | 144,366 | 4,262 |
Altera Corp. | 231,147 | 4,260 |
Motorola, Inc. | 450,546 | 4,190 |
Automatic Data Processing, Inc. | 98,100 | 4,158 |
Paychex, Inc. | 113,185 | 3,878 |
* Intuit, Inc. | 142,600 | 3,852 |
Linear Technology Corp. | 124,200 | 3,812 |
KLA-Tencor Corp. | 100,800 | 3,740 |
* Western Digital Corp. | 136,500 | 3,691 |
* Autodesk, Inc. | 109,588 | 3,450 |
* Avnet, Inc. | 105,400 | 3,450 |
* Broadcom Corp. | 175,950 | 3,391 |
* Mettler-Toledo International Inc. | 34,200 | 3,322 |
National Semiconductor Corp. | 181,200 | 3,320 |
Global Payments Inc. | 79,500 | 3,288 |
* Iron Mountain, Inc. | 122,100 | 3,228 |
* Computer Sciences Corp. | 78,900 | 3,218 |
Tyco Electronics Ltd. | 91,750 | 3,149 |
* LAM Research Corp. | 82,108 | 3,138 |
* BMC Software, Inc. | 95,000 | 3,089 |
* Arrow Electronics, Inc. | 91,500 | 3,079 |
* Juniper Networks, Inc. | 119,000 | 2,975 |
* Affiliated Computer Services, Inc. Class A | 58,400 | 2,926 |
* NetApp, Inc. | 144,963 | 2,907 |
Xilinx, Inc. | 120,436 | 2,860 |
* DST Systems, Inc. | 42,800 | 2,814 |
Fair Isaac, Inc. | 112,945 | 2,431 |
Molex, Inc. | 104,756 | 2,426 |
* QLogic Corp. | 150,000 | 2,303 |
* NCR Corp. | 99,574 | 2,273 |
Intersil Corp. | 85,600 | 2,197 |
* Teradata Corp. | 99,574 | 2,197 |
* Compuware Corp. | 294,562 | 2,162 |
Microchip Technology, Inc. | 65,100 | 2,131 |
Total System Services, Inc. | 89,159 | 2,110 |
* Citrix Systems, Inc. | 71,356 | 2,093 |
* Synopsys, Inc. | 89,121 | 2,024 |
* Convergys Corp. | 131,800 | 1,985 |
* Ingram Micro, Inc. Class A | 125,000 | 1,979 |
* SanDisk Corp. | 83,500 | 1,885 |
* Cadence Design Systems, Inc. | 173,000 | 1,848 |
Accenture Ltd. | 51,900 | 1,825 |
* Tech Data Corp. | 55,510 | 1,821 |
* Lexmark International, Inc. | 50,300 | 1,545 |
* Tellabs, Inc. | 266,900 | 1,455 |
* Micron Technology, Inc. | 234,000 | 1,397 |
* Teradyne, Inc. | 110,200 | 1,369 |
* BEA Systems, Inc. | 67,300 | 1,289 |
* Advanced Micro Devices, Inc. | 173,600 | 1,023 |
Jabil Circuit, Inc. | 98,100 | 928 |
* Zebra Technologies Corp. Class A | 27,257 | 908 |
* LSI Corp. | 180,700 | 894 |
* Metavante Technologies | 39,866 | 797 |
Broadridge Financial Solutions LLC | 24,525 | 432 |
* Sanmina-SCI Corp. | 184,046 | 298 |
* Novellus Systems, Inc. | 13,100 | 276 |
Harris Corp. | 4,300 | 209 |
MoneyGram International, Inc. | 48,300 | 90 |
|
||
621,810 | ||
|
||
Materials (4.0%) | ||
Monsanto Co. | 183,234 | 20,431 |
Freeport-McMoRan Copper & Gold, Inc. Class B | 123,954 | 11,927 |
Praxair, Inc. | 123,700 | 10,419 |
Nucor Corp. | 129,600 | 8,779 |
Alcoa Inc. | 231,928 | 8,363 |
Newmont Mining Corp. (Holding Co.) | 172,056 | 7,794 |
United States Steel Corp. | 57,100 | 7,244 |
* The Mosaic Co. | 69,300 | 7,110 |
E.I. du Pont de Nemours & Co. | 148,700 | 6,953 |
* Owens-Illinois, Inc. | 96,100 | 5,423 |
Sigma-Aldrich Corp. | 82,000 | 4,891 |
Dow Chemical Co. | 123,200 | 4,540 |
Ecolab, Inc. | 101,000 | 4,386 |
Allegheny Technologies Inc. | 60,900 | 4,346 |
Reliance Steel & Aluminum Co. | 68,600 | 4,106 |
Ball Corp. | 83,600 | 3,841 |
Celanese Corp. Series A | 97,614 | 3,812 |
Martin Marietta Materials, Inc. | 34,100 | 3,620 |
FMC Corp. | 64,400 | 3,574 |
Airgas, Inc. | 74,700 | 3,397 |
Albemarle Corp. | 87,100 | 3,181 |
Nalco Holding Co. | 148,200 | 3,134 |
Carpenter Technology Corp. | 51,500 | 2,882 |
Cytec Industries, Inc. | 51,800 | 2,789 |
* Pactiv Corp. | 104,300 | 2,734 |
Sealed Air Corp. | 106,072 | 2,678 |
Packaging Corp. of America | 91,200 | 2,036 |
Scotts Miracle-Gro Co. | 60,899 | 1,974 |
Westlake Chemical Corp. | 139,988 | 1,827 |
* Smurfit-Stone Container Corp. | 146,750 | 1,130 |
Vulcan Materials Co. | 7,638 | 507 |
Commercial Metals Co. | 16,100 | 483 |
Valspar Corp. | 23,400 | 464 |
|
||
160,775 | ||
|
||
Telecommunication Services (3.2%) | ||
AT&T Inc. | 1,697,779 | 65,025 |
Verizon Communications Inc. | 712,042 | 25,954 |
Sprint Nextel Corp. | 1,094,867 | 7,325 |
* American Tower Corp. Class A | 135,600 | 5,317 |
* Crown Castle International Corp. | 130,400 | 4,497 |
Qwest Communications International Inc. | 846,721 | 3,836 |
Embarq Corp. | 84,843 | 3,402 |
CenturyTel, Inc. | 93,500 | 3,108 |
Windstream Corp. | 250,657 | 2,995 |
Telephone & Data Systems, Inc. | 49,501 | 1,944 |
* U.S. Cellular Corp. | 32,300 | 1,777 |
* SBA Communications Corp. | 42,605 | 1,271 |
Telephone & Data Systems, Inc. - Special Common Shar | 33,200 | 1,238 |
Citizens Communications Co. | 90,551 | 950 |
|
||
128,639 | ||
|
||
Utilities (3.7%) | ||
Exelon Corp. | 230,000 | 18,692 |
Constellation Energy Group, Inc. | 79,800 | 7,044 |
Edison International | 140,500 | 6,887 |
Sempra Energy | 120,336 | 6,412 |
Entergy Corp. | 58,300 | 6,359 |
* AES Corp. | 327,648 | 5,462 |
Questar Corp. | 96,300 | 5,447 |
PG&E Corp. | 147,000 | 5,413 |
* NRG Energy, Inc. | 133,000 | 5,186 |
* Mirant Corp. | 138,598 | 5,044 |
* Reliant Energy, Inc. | 207,400 | 4,905 |
Allegheny Energy, Inc. | 94,889 | 4,792 |
Equitable Resources, Inc. | 75,300 | 4,435 |
FPL Group, Inc. | 67,401 | 4,229 |
FirstEnergy Corp. | 55,900 | 3,836 |
Wisconsin Energy Corp. | 85,000 | 3,739 |
Energen Corp. | 59,800 | 3,726 |
MDU Resources Group, Inc. | 137,050 | 3,365 |
* Dynegy, Inc. | 414,000 | 3,266 |
CenterPoint Energy Inc. | 223,800 | 3,194 |
CMS Energy Corp. | 219,086 | 2,966 |
Sierra Pacific Resources | 233,583 | 2,950 |
Duke Energy Corp. | 163,592 | 2,920 |
Integrys Energy Group, Inc. | 61,481 | 2,867 |
Southern Union Co. | 122,700 | 2,855 |
Public Service Enterprise Group, Inc. | 69,800 | 2,805 |
Aqua America, Inc. | 149,083 | 2,800 |
NSTAR | 92,000 | 2,800 |
SCANA Corp. | 74,200 | 2,714 |
Northeast Utilities | 110,600 | 2,714 |
Southern Co. | 64,200 | 2,286 |
Dominion Resources, Inc. | 55,486 | 2,266 |
DPL Inc. | 75,000 | 1,923 |
NiSource, Inc. | 35,920 | 619 |
UGI Corp. Holding Co. | 8,400 | 209 |
|
||
147,127 | ||
|
||
|
||
Total Common Stocks | ||
(Cost $2,636,461) | 3,999,951 | |
|
||
Temporary Cash Investment (0.2%) | ||
|
||
1 Vanguard Market Liquidity Fund, 2.800% | ||
(Cost $7,330) | 7,329,520 | 7,330 |
|
||
Total Investments (100.2%) | ||
(Cost $2,643,791) | 4,007,281 | |
|
||
Other Assets and Liabilities - Net (-0.2%) | (6,294) | |
|
||
Net Assets (100%) | 4,000,987 | |
|
*
Non-income-producing security.
1
Affiliated money market fund available only to Vanguard funds and certain trusts and
accounts managed by Vanguard. Rate shown is the 7-day yield. REIT Real Estate
Investment Trust.
Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the funds pricing time but after the close of the securities primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that funds net asset value.
At March 31, 2008, the cost of investment securities for tax purposes was $2,643,791,000. Net unrealized appreciation of investment securities for tax purposes was $1,363,490,000, consisting of unrealized gains of $1,538,207,000 on securities that had risen in value since their purchase and $174,717,000 in unrealized losses on securities that had fallen in value since their purchase.
In September 2006, the Financial Accounting Standards Board issued Interpretation No. 157 (FAS 157), Fair Value Measurements. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements, effective for the funds current fiscal period.
Various inputs may be used to determine the value of the funds investments. These inputs are summarized in three broad levels:
Level
1 quoted prices in active markets for identical securities.
Level
2 other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3
significant unobservable inputs (including the funds own assumptions used to
determine the fair value of investments).
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2008, 100% of the funds investments were valued based on Level 1 inputs.
Vanguard
Tax Managed Balanced Fund
Schedule of Investments
March 31, 2008
|
||||
Shares |
Market
Value ($000) |
|||
---|---|---|---|---|
|
||||
Common Stock (47.0%) | ||||
|
||||
Consumer Discretionary (4.5%) | ||||
The Walt Disney Co. | 54,050 | 1,696 | ||
McDonald's Corp. | 30,309 | 1,690 | ||
Comcast Corp. Class A | 79,704 | 1,541 | ||
Time Warner, Inc. | 94,240 | 1,321 | ||
Home Depot, Inc. | 44,000 | 1,231 | ||
News Corp., Class A | 65,300 | 1,224 | ||
Target Corp. | 22,300 | 1,130 | ||
Lowe's Cos., Inc. | 40,800 | 936 | ||
NIKE, Inc. Class B | 11,400 | 775 | ||
* Viacom Inc. Class B | 19,158 | 759 | ||
Yum! Brands, Inc. | 17,200 | 640 | ||
Staples, Inc. | 24,355 | 538 | ||
* Amazon.com, Inc. | 7,300 | 520 | ||
International Game Technology | 11,600 | 466 | ||
Best Buy Co., Inc. | 10,875 | 451 | ||
Johnson Controls, Inc. | 13,100 | 443 | ||
CBS Corp. | 19,058 | 421 | ||
Starwood Hotels & Resorts Worldwide, Inc. | 7,801 | 404 | ||
* Liberty Media Corp. | 17,648 | 400 | ||
* Starbucks Corp. | 22,800 | 399 | ||
Marriott International, Inc. Class A | 11,600 | 399 | ||
The Gap, Inc. | 19,725 | 388 | ||
* Coach, Inc. | 12,800 | 386 | ||
* Kohl's Corp. | 7,800 | 335 | ||
Harley-Davidson, Inc. | 8,900 | 334 | ||
TJX Cos., Inc. | 9,800 | 324 | ||
Mattel, Inc. | 16,080 | 320 | ||
Omnicom Group Inc. | 7,200 | 318 | ||
Abercrombie & Fitch Co. | 4,300 | 314 | ||
* Liberty Media Corp.-Interactive Series A | 19,207 | 310 | ||
* Bed Bath & Beyond, Inc. | 10,500 | 310 | ||
* AutoZone Inc. | 2,700 | 307 | ||
Hasbro, Inc. | 10,625 | 296 | ||
Nordstrom, Inc. | 9,000 | 293 | ||
Macy's Inc. | 12,400 | 286 | ||
* NVR, Inc. | 470 | 281 | ||
Tiffany & Co. | 6,700 | 280 | ||
* Sears Holdings Corp. | 2,700 | 276 | ||
Phillips-Van Heusen Corp. | 7,000 | 265 | ||
Polo Ralph Lauren Corp. | 4,500 | 262 | ||
John Wiley & Sons Class A | 6,500 | 258 | ||
Darden Restaurants Inc. | 7,750 | 252 | ||
* DISH Network Corp. | 8,757 | 252 | ||
Washington Post Co. Class B | 380 | 251 | ||
WABCO Holdings Inc. | 5,433 | 248 | ||
Black & Decker Corp. | 3,700 | 245 | ||
* MGM Mirage, Inc. | 4,013 | 236 | ||
* Ford Motor Co. | 40,200 | 230 | ||
* O'Reilly Automotive, Inc. | 8,000 | 228 | ||
* Cablevision Systems NY Group Class A | 10,594 | 227 | ||
* Mohawk Industries, Inc. | 3,100 | 222 | ||
* CarMax, Inc. | 11,406 | 222 | ||
Clear Channel Communications, Inc. | 7,520 | 220 | ||
BorgWarner, Inc. | 4,800 | 207 | ||
* Apollo Group, Inc. Class A | 4,700 | 203 | ||
Orient-Express Hotel Ltd. | 4,400 | 190 | ||
* Lamar Advertising Co. Class A | 5,000 | 180 | ||
* Liberty Global, Inc. Series C | 5,446 | 177 | ||
E.W. Scripps Co. Class A | 4,200 | 176 | ||
Weight Watchers International, Inc. | 3,800 | 176 | ||
Gentex Corp. | 10,200 | 175 | ||
Brinker International, Inc. | 9,375 | 174 | ||
PetSmart, Inc. | 8,400 | 172 | ||
Hearst-Argyle Television Inc. | 8,300 | 171 | ||
* Liberty Global, Inc. Class A | 5,015 | 171 | ||
* AutoNation, Inc. | 11,292 | 169 | ||
Barnes & Noble, Inc. | 5,400 | 166 | ||
D. R. Horton, Inc. | 10,499 | 165 | ||
* Discovery Holding Co. Class A | 7,682 | 163 | ||
Williams-Sonoma, Inc. | 6,200 | 150 | ||
Thor Industries, Inc. | 4,800 | 143 | ||
* Toll Brothers, Inc. | 5,800 | 136 | ||
Centex Corp. | 5,600 | 136 | ||
International Speedway Corp. | 3,110 | 128 | ||
* Saks Inc. | 10,200 | 127 | ||
* Office Depot, Inc. | 11,400 | 126 | ||
* DIRECTV Group, Inc. | 5,071 | 126 | ||
Wyndham Worldwide Corp. | 5,919 | 122 | ||
Pulte Homes, Inc. | 8,400 | 122 | ||
Dillard's Inc. | 7,100 | 122 | ||
* The Goodyear Tire & Rubber Co. | 4,400 | 114 | ||
Virgin Media Inc. | 7,893 | 111 | ||
* The Cheesecake Factory Inc. | 4,500 | 98 | ||
* IAC/InterActiveCorp | 4,700 | 98 | ||
Lennar Corp. Class A | 5,100 | 96 | ||
* Expedia, Inc. | 3,568 | 78 | ||
* Career Education Corp. | 4,500 | 57 | ||
Jones Apparel Group, Inc. | 3,600 | 48 | ||
Comcast Corp. Special Class A | 2,322 | 44 | ||
Sherwin-Williams Co. | 600 | 31 | ||
The McGraw-Hill Cos., Inc. | 700 | 26 | ||
Limited Brands, Inc. | 1,424 | 24 | ||
* Sirius Satellite Radio, Inc. | 8,300 | 24 | ||
Fortune Brands, Inc. | 300 | 21 | ||
* Dollar Tree,Inc. | 750 | 21 | ||
Foot Locker, Inc. | 1,600 | 19 | ||
Lennar Corp. Class B | 680 | 12 | ||
Newell Rubbermaid, Inc. | 218 | 5 | ||
RadioShack Corp. | 300 | 5 | ||
|
||||
31,565 | ||||
|
||||
Consumer Staples (4.9%) | ||||
The Procter & Gamble Co. | 73,005 | 5,115 | ||
The Coca-Cola Co. | 55,400 | 3,372 | ||
PepsiCo, Inc. | 43,027 | 3,107 | ||
Wal-Mart Stores, Inc. | 58,600 | 3,087 | ||
Philip Morris Internaltional Inc. | 45,300 | 2,291 | ||
CVS/Caremark Corp. | 38,198 | 1,547 | ||
Walgreen Co. | 27,000 | 1,028 | ||
Altria Group, Inc. | 45,300 | 1,006 | ||
Kraft Foods Inc. | 29,065 | 901 | ||
Costco Wholesale Corp. | 12,927 | 840 | ||
Archer-Daniels-Midland Co. | 20,021 | 824 | ||
Colgate-Palmolive Co. | 7,700 | 600 | ||
Kimberly-Clark Corp. | 9,172 | 592 | ||
Wm. Wrigley Jr. Co. | 7,600 | 478 | ||
Safeway, Inc. | 15,934 | 468 | ||
Anheuser-Busch Cos., Inc. | 9,000 | 427 | ||
Sysco Corp. | 14,600 | 424 | ||
Avon Products, Inc. | 10,600 | 419 | ||
Bunge Ltd. | 4,700 | 408 | ||
Coca-Cola Enterprises, Inc. | 15,500 | 375 | ||
Carolina Group | 4,900 | 355 | ||
Molson Coors Brewing Co. Class B | 6,600 | 347 | ||
Tyson Foods, Inc. | 20,331 | 324 | ||
The Kroger Co. | 12,400 | 315 | ||
The Estee Lauder Cos. Inc. Class A | 6,800 | 312 | ||
The Clorox Co. | 5,400 | 306 | ||
Brown-Forman Corp. Class B | 4,600 | 305 | ||
Church & Dwight, Inc. | 5,500 | 298 | ||
The Pepsi Bottling Group, Inc. | 8,500 | 288 | ||
Hormel Foods Corp. | 6,300 | 262 | ||
* Energizer Holdings, Inc. | 2,894 | 262 | ||
Corn Products International, Inc. | 7,000 | 260 | ||
* Constellation Brands, Inc. Class A | 14,000 | 247 | ||
Alberto-Culver Co. | 8,950 | 245 | ||
* Smithfield Foods, Inc. | 9,400 | 242 | ||
Del Monte Foods Co. | 24,400 | 233 | ||
PepsiAmericas, Inc. | 8,700 | 222 | ||
* Hansen Natural Corp. | 6,000 | 212 | ||
Dean Foods Co. | 9,950 | 200 | ||
McCormick & Co., Inc. | 5,400 | 200 | ||
Whole Foods Market, Inc. | 5,600 | 185 | ||
Reynolds American Inc. | 3,002 | 177 | ||
Kellogg Co. | 3,200 | 168 | ||
General Mills, Inc. | 2,400 | 144 | ||
Herbalife Ltd. | 2,400 | 114 | ||
Wm. Wrigley Jr. Co. Class B | 1,500 | 93 | ||
* Rite Aid Corp. | 22,300 | 66 | ||
J.M. Smucker Co. | 600 | 30 | ||
* NBTY, Inc. | 1,000 | 30 | ||
Sara Lee Corp. | 500 | 7 | ||
ConAgra Foods, Inc. | 100 | 2 | ||
|
||||
33,760 | ||||
|
||||
Energy (6.1%) | ||||
ExxonMobil Corp. | 133,794 | 11,316 | ||
Chevron Corp. | 47,533 | 4,057 | ||
ConocoPhillips Co. | 34,887 | 2,659 | ||
Schlumberger Ltd. | 23,500 | 2,045 | ||
Devon Energy Corp. | 12,246 | 1,278 | ||
* Transocean, Inc. | 8,896 | 1,203 | ||
Apache Corp. | 9,646 | 1,165 | ||
Occidental Petroleum Corp. | 14,004 | 1,025 | ||
EOG Resources, Inc. | 8,000 | 960 | ||
Halliburton Co. | 24,200 | 952 | ||
XTO Energy, Inc. | 14,166 | 876 | ||
Anadarko Petroleum Corp. | 13,892 | 876 | ||
Hess Corp. | 9,000 | 794 | ||
Valero Energy Corp. | 15,268 | 750 | ||
Baker Hughes, Inc. | 9,340 | 640 | ||
Williams Cos., Inc. | 19,200 | 633 | ||
* National Oilwell Varco Inc. | 10,578 | 618 | ||
Murphy Oil Corp. | 6,700 | 550 | ||
Noble Corp. | 10,400 | 517 | ||
Peabody Energy Corp. | 10,000 | 510 | ||
Noble Energy, Inc. | 6,500 | 473 | ||
Smith International, Inc. | 7,179 | 461 | ||
CONSOL Energy, Inc. | 6,600 | 457 | ||
Range Resources Corp. | 6,950 | 441 | ||
ENSCO International, Inc. | 7,000 | 438 | ||
Diamond Offshore Drilling, Inc. | 3,200 | 372 | ||
Marathon Oil Corp. | 8,082 | 369 | ||
* Cameron International Corp. | 8,600 | 358 | ||
* Newfield Exploration Co. | 6,700 | 354 | ||
* FMC Technologies Inc. | 6,140 | 349 | ||
BJ Services Co. | 12,200 | 348 | ||
Arch Coal, Inc. | 7,800 | 339 | ||
Cabot Oil & Gas Corp. | 6,500 | 330 | ||
* Pride International, Inc. | 9,300 | 325 | ||
Pioneer Natural Resources Co. | 6,500 | 319 | ||
Helmerich & Payne, Inc. | 6,500 | 305 | ||
Chesapeake Energy Corp. | 6,300 | 291 | ||
Rowan Cos., Inc. | 6,700 | 276 | ||
St. Mary Land & Exploration Co. | 6,600 | 254 | ||
* Plains Exploration & Production Co. | 4,748 | 252 | ||
Foundation Coal Holdings, Inc. | 4,800 | 242 | ||
W&T Offshore, Inc. | 6,800 | 232 | ||
Patterson-UTI Energy, Inc. | 8,502 | 223 | ||
Tesoro Corp. | 6,752 | 203 | ||
* Global Industries Ltd. | 11,500 | 185 | ||
* Nabors Industries, Inc. | 4,400 | 149 | ||
Spectra Energy Corp. | 6,496 | 148 | ||
* Weatherford International Ltd. | 1,500 | 109 | ||
Massey Energy Co. | 2,600 | 95 | ||
Cimarex Energy Co. | 1,500 | 82 | ||
* Patriot Coal Corp. | 1,000 | 47 | ||
El Paso Corp. | 2,400 | 40 | ||
Overseas Shipholding Group Inc. | 100 | 7 | ||
* Grant Prideco, Inc. | 115 | 6 | ||
|
||||
42,303 | ||||
|
||||
Financials (7.6%) | ||||
Bank of America Corp. | 98,435 | 3,732 | ||
JPMorgan Chase & Co. | 72,316 | 3,106 | ||
American International Group, Inc. | 58,306 | 2,522 | ||
Citigroup, Inc. | 106,197 | 2,275 | ||
Wells Fargo & Co. | 68,000 | 1,979 | ||
The Goldman Sachs Group, Inc. | 11,000 | 1,819 | ||
U.S. Bancorp | 41,500 | 1,343 | ||
American Express Co. | 26,733 | 1,169 | ||
Wachovia Corp. | 43,050 | 1,162 | ||
Prudential Financial, Inc. | 13,341 | 1,044 | ||
Morgan Stanley | 21,960 | 1,004 | ||
State Street Corp. | 12,276 | 970 | ||
AFLAC Inc. | 14,800 | 961 | ||
Merrill Lynch & Co., Inc. | 22,050 | 898 | ||
MetLife, Inc. | 14,500 | 874 | ||
CME Group, Inc. | 1,680 | 788 | ||
Bank of New York Mellon Corp. | 16,800 | 701 | ||
Lehman Brothers Holdings, Inc. | 17,028 | 641 | ||
Charles Schwab Corp. | 31,805 | 599 | ||
Loews Corp. | 14,800 | 595 | ||
Franklin Resources Corp. | 6,100 | 592 | ||
ProLogis REIT | 8,864 | 522 | ||
Ameriprise Financial, Inc. | 9,480 | 492 | ||
Public Storage, Inc. REIT | 5,500 | 487 | ||
Fannie Mae | 17,900 | 471 | ||
Aon Corp. | 11,700 | 470 | ||
The Allstate Corp. | 9,400 | 452 | ||
Hudson City Bancorp, Inc. | 24,600 | 435 | ||
Progressive Corp. of Ohio | 26,900 | 432 | ||
Boston Properties, Inc. REIT | 4,500 | 414 | ||
Invesco, Ltd. | 17,000 | 414 | ||
Simon Property Group, Inc. REIT | 4,400 | 409 | ||
The Hartford Financial Services Group Inc. | 5,200 | 394 | ||
Discover Financial Services | 23,780 | 389 | ||
Unum Group | 17,100 | 376 | ||
Assurant, Inc. | 6,000 | 365 | ||
Nymex Holdings Inc. | 4,000 | 363 | ||
Leucadia National Corp. | 7,900 | 357 | ||
Moody's Corp. | 9,800 | 341 | ||
Capital One Financial Corp. | 6,900 | 340 | ||
Legg Mason Inc. | 6,000 | 336 | ||
The Travelers Cos., Inc. | 6,889 | 330 | ||
Torchmark Corp. | 5,400 | 325 | ||
Avalonbay Communities, Inc. REIT | 3,300 | 319 | ||
* SLM Corp. | 20,500 | 315 | ||
Host Hotels & Resorts Inc. REIT | 19,475 | 310 | ||
The St. Joe Co. | 7,200 | 309 | ||
* CB Richard Ellis Group, Inc. | 14,250 | 308 | ||
M & T Bank Corp. | 3,800 | 306 | ||
People's United Financial Inc. | 16,800 | 291 | ||
AMB Property Corp. REIT | 5,200 | 283 | ||
Plum Creek Timber Co. Inc. REIT | 6,900 | 281 | ||
The Principal Financial Group, Inc. | 5,000 | 279 | ||
Zions Bancorp | 6,100 | 278 | ||
* Markel Corp. | 630 | 277 | ||
White Mountains Insurance Group Inc. | 570 | 274 | ||
NYSE Euronext | 4,400 | 272 | ||
Janus Capital Group Inc. | 11,634 | 271 | ||
Jones Lang LaSalle Inc. | 3,500 | 271 | ||
W.R. Berkley Corp. | 9,750 | 270 | ||
Federated Investors, Inc. | 6,700 | 262 | ||
Cullen/Frost Bankers, Inc. | 4,900 | 260 | ||
* TD Ameritrade Holding Corp. | 15,700 | 259 | ||
SEI Investments Co. | 10,400 | 257 | ||
BlackRock, Inc. | 1,250 | 255 | ||
* Arch Capital Group Ltd. | 3,700 | 254 | ||
Bank of Hawaii Corp. | 5,100 | 253 | ||
Commerce Bancshares, Inc. | 5,961 | 251 | ||
Douglas Emmett, Inc. REIT | 11,300 | 249 | ||
Sovereign Bancorp, Inc. | 26,175 | 244 | ||
Lazard Ltd. Class A | 6,300 | 241 | ||
Synovus Financial Corp. | 21,600 | 239 | ||
StanCorp Financial Group, Inc. | 5,000 | 239 | ||
Genworth Financial Inc. | 10,200 | 231 | ||
Forest City Enterprise Class A | 6,200 | 228 | ||
* Philadelphia Consolidated Holding Corp. | 6,900 | 222 | ||
The Hanover Insurance Group Inc. | 5,400 | 222 | ||
BancorpSouth, Inc. | 9,500 | 220 | ||
Reinsurance Group of America, Inc. | 4,000 | 218 | ||
Washington Federal Inc. | 9,500 | 217 | ||
Eaton Vance Corp. | 7,100 | 217 | ||
TFS Financial Corp. | 18,000 | 217 | ||
BOK Financial Corp. | 4,040 | 211 | ||
Transatlantic Holdings, Inc. | 3,150 | 209 | ||
First Citizens BancShares Class A | 1,467 | 204 | ||
City National Corp. | 4,100 | 203 | ||
Apartment Investment & Management Co. Class A REIT | 5,637 | 202 | ||
* Affiliated Managers Group, Inc. | 2,200 | 200 | ||
* Alleghany Corp. | 580 | 198 | ||
HCC Insurance Holdings, Inc. | 8,700 | 197 | ||
American Financial Group, Inc. | 7,650 | 196 | ||
Wesco Financial Corp. | 480 | 194 | ||
SL Green Realty Corp. REIT | 2,300 | 187 | ||
Federal Realty Investment Trust REIT | 2,400 | 187 | ||
BRE Properties Inc. Class A REIT | 4,000 | 182 | ||
Raymond James Financial, Inc. | 7,850 | 180 | ||
Brown & Brown, Inc. | 10,300 | 179 | ||
PNC Financial Services Group | 2,700 | 177 | ||
Camden Property Trust REIT | 3,400 | 171 | ||
* E*TRADE Financial Corp. | 42,500 | 164 | ||
BB&T Corp. | 5,000 | 160 | ||
SunTrust Banks, Inc. | 2,600 | 143 | ||
Jefferies Group, Inc. | 8,700 | 140 | ||
CNA Financial Corp. | 5,400 | 139 | ||
Marshall & Ilsley Corp. | 4,800 | 111 | ||
Allied World Assurance Holdings, Ltd. | 2,500 | 99 | ||
* Liberty Media Corp.-Capital Series A | 4,412 | 69 | ||
Toronto Dominion Bank | 1,066 | 65 | ||
Washington Mutual, Inc. | 5,638 | 58 | ||
Bear Stearns Co., Inc. | 3,900 | 41 | ||
The Chubb Corp. | 600 | 30 | ||
* IntercontinentalExchange Inc. | 200 | 26 | ||
* Conseco, Inc. | 2,477 | 25 | ||
Valley National Bancorp | 1,300 | 25 | ||
UnionBanCal Corp. | 500 | 25 | ||
Astoria Financial Corp. | 900 | 24 | ||
Safeco Corp. | 500 | 22 | ||
Wilmington Trust Corp. | 700 | 22 | ||
Taubman Co. REIT | 400 | 21 | ||
* GLG Partners, Inc. | 1,700 | 20 | ||
Thornburg Mortgage, Inc. REIT | 16,900 | 18 | ||
MGIC Investment Corp. | 1,400 | 15 | ||
CapitalSource Inc. REIT | 429 | 4 | ||
* MSCI, Inc.-Class A Shares | 100 | 3 | ||
|
||||
52,603 | ||||
|
||||
Health Care (5.5%) | ||||
Johnson & Johnson | 70,632 | 4,582 | ||
Pfizer Inc. | 151,310 | 3,167 | ||
Abbott Laboratories | 31,200 | 1,721 | ||
Merck & Co., Inc. | 43,500 | 1,651 | ||
Medtronic, Inc. | 29,300 | 1,417 | ||
* Gilead Sciences, Inc. | 27,000 | 1,391 | ||
* Amgen, Inc. | 31,024 | 1,296 | ||
* Genentech, Inc. | 13,764 | 1,117 | ||
UnitedHealth Group Inc. | 31,874 | 1,095 | ||
Wyeth | 21,600 | 902 | ||
* Thermo Fisher Scientific, Inc. | 13,603 | 773 | ||
Eli Lilly & Co. | 14,800 | 764 | ||
* Medco Health Solutions, Inc. | 16,962 | 743 | ||
* WellPoint Inc. | 16,225 | 716 | ||
Schering-Plough Corp. | 49,100 | 708 | ||
* Celgene Corp. | 11,400 | 699 | ||
* Genzyme Corp. | 8,780 | 654 | ||
Aetna Inc. | 15,276 | 643 | ||
* Biogen Idec Inc. | 10,260 | 633 | ||
Stryker Corp. | 9,549 | 621 | ||
Allergan, Inc. | 10,900 | 615 | ||
Cardinal Health, Inc. | 11,290 | 593 | ||
Bristol-Myers Squibb Co. | 27,700 | 590 | ||
* Zimmer Holdings, Inc. | 7,470 | 582 | ||
* Express Scripts Inc. | 8,400 | 540 | ||
McKesson Corp. | 10,000 | 524 | ||
* St. Jude Medical, Inc. | 11,368 | 491 | ||
* Forest Laboratories, Inc. | 12,200 | 488 | ||
Baxter International, Inc. | 7,800 | 451 | ||
CIGNA Corp. | 10,300 | 418 | ||
* Laboratory Corp. of America Holdings | 5,200 | 383 | ||
* Hospira, Inc. | 8,060 | 345 | ||
AmerisourceBergen Corp. | 8,248 | 338 | ||
Applera Corp.-Applied Biosystems Group | 9,800 | 322 | ||
Covidien Ltd. | 7,200 | 319 | ||
* Varian Medical Systems, Inc. | 6,700 | 314 | ||
DENTSPLY International Inc. | 8,100 | 313 | ||
Quest Diagnostics, Inc. | 6,900 | 312 | ||
* Henry Schein, Inc. | 5,200 | 298 | ||
* Waters Corp. | 5,300 | 295 | ||
* Humana Inc. | 6,500 | 292 | ||
Mylan Inc. | 24,650 | 286 | ||
* Coventry Health Care Inc. | 7,050 | 284 | ||
* Barr Pharmaceuticals Inc. | 5,775 | 279 | ||
Beckman Coulter, Inc. | 4,100 | 265 | ||
Pharmaceutical Product Development, Inc. | 6,200 | 260 | ||
* Invitrogen Corp. | 3,000 | 256 | ||
* Millipore Corp. | 3,700 | 249 | ||
PerkinElmer, Inc. | 10,100 | 245 | ||
* Patterson Cos. | 6,600 | 240 | ||
IMS Health, Inc. | 11,376 | 239 | ||
* Techne Corp. | 3,500 | 236 | ||
* Boston Scientific Corp. | 18,300 | 236 | ||
Universal Health Services Class B | 3,400 | 183 | ||
* Lincare Holdings, Inc. | 5,700 | 160 | ||
* Endo Pharmaceuticals Holdings, Inc. | 6,500 | 156 | ||
Becton, Dickinson & Co. | 1,684 | 145 | ||
* King Pharmaceuticals, Inc. | 13,000 | 113 | ||
Omnicare, Inc. | 5,700 | 104 | ||
* Sepracor Inc. | 4,900 | 96 | ||
* Health Net Inc. | 2,900 | 89 | ||
* Watson Pharmaceuticals, Inc. | 2,600 | 76 | ||
* Covance, Inc. | 600 | 50 | ||
C.R. Bard, Inc. | 400 | 39 | ||
* Abraxis BioScience | 62 | 4 | ||
* APP Pharmaceuticals, Inc. | 250 | 3 | ||
|
||||
38,409 | ||||
|
||||
Industrials (5.9%) | ||||
General Electric Co. | 240,009 | 8,883 | ||
United Technologies Corp. | 24,876 | 1,712 | ||
The Boeing Co. | 19,420 | 1,444 | ||
3M Co. | 14,600 | 1,156 | ||
General Dynamics Corp. | 12,000 | 1,000 | ||
Lockheed Martin Corp. | 9,703 | 964 | ||
United Parcel Service, Inc. | 12,200 | 891 | ||
FedEx Corp. | 9,400 | 871 | ||
CSX Corp. | 14,800 | 830 | ||
Caterpillar, Inc. | 10,000 | 783 | ||
Union Pacific Corp. | 5,959 | 747 | ||
Illinois Tool Works, Inc. | 14,600 | 704 | ||
Deere & Co. | 8,600 | 692 | ||
Norfolk Southern Corp. | 12,600 | 684 | ||
Danaher Corp. | 8,650 | 658 | ||
Honeywell International Inc. | 10,600 | 598 | ||
Waste Management, Inc. | 16,901 | 567 | ||
Precision Castparts Corp. | 5,257 | 537 | ||
Fluor Corp. | 3,624 | 512 | ||
* McDermott International, Inc. | 9,300 | 510 | ||
Emerson Electric Co. | 9,900 | 509 | ||
L-3 Communications Holdings, Inc. | 4,600 | 503 | ||
Northrop Grumman Corp. | 5,918 | 460 | ||
Parker Hannifin Corp. | 6,500 | 450 | ||
Expeditors International of Washington, Inc. | 9,700 | 438 | ||
C.H. Robinson Worldwide Inc. | 7,669 | 417 | ||
Cummins Inc. | 8,724 | 408 | ||
Rockwell Collins, Inc. | 6,900 | 394 | ||
ITT Industries, Inc. | 7,600 | 394 | ||
Southwest Airlines Co. | 31,418 | 390 | ||
Joy Global Inc. | 5,800 | 378 | ||
Flowserve Corp. | 3,600 | 376 | ||
* Jacobs Engineering Group Inc. | 5,100 | 375 | ||
Burlington Northern Santa Fe Corp. | 3,838 | 354 | ||
* Terex Corp. | 5,600 | 350 | ||
Fastenal Co. | 7,400 | 340 | ||
* Foster Wheeler Ltd. | 6,000 | 340 | ||
Roper Industries Inc. | 5,400 | 321 | ||
Tyco International, Ltd. | 7,200 | 317 | ||
The Manitowoc Co., Inc. | 7,600 | 310 | ||
Ametek, Inc. | 6,950 | 305 | ||
SPX Corp. | 2,800 | 294 | ||
W.W. Grainger, Inc. | 3,800 | 290 | ||
The Brink's Co. | 4,300 | 289 | ||
Republic Services, Inc. Class A | 9,700 | 284 | ||
* Stericycle, Inc. | 5,500 | 283 | ||
* AGCO Corp. | 4,700 | 281 | ||
The Dun & Bradstreet Corp. | 3,400 | 277 | ||
* Alliant Techsystems, Inc. | 2,544 | 263 | ||
Landstar System, Inc. | 5,025 | 262 | ||
UTI Worldwide, Inc. | 12,900 | 259 | ||
Equifax, Inc. | 7,400 | 255 | ||
* USG Corp. | 6,900 | 254 | ||
DRS Technologies, Inc. | 4,300 | 251 | ||
Donaldson Co., Inc. | 6,100 | 246 | ||
J.B. Hunt Transport Services, Inc. | 7,700 | 242 | ||
Manpower Inc. | 4,300 | 242 | ||
Trinity Industries, Inc. | 8,980 | 239 | ||
* General Cable Corp. | 3,900 | 230 | ||
* United Rentals, Inc. | 12,000 | 226 | ||
IDEX Corp. | 7,200 | 221 | ||
* Shaw Group, Inc. | 4,600 | 217 | ||
Graco, Inc. | 5,900 | 214 | ||
Robert Half International, Inc. | 8,200 | 211 | ||
Oshkosh Truck Corp. | 5,800 | 210 | ||
Raytheon Co. | 3,100 | 200 | ||
Pall Corp. | 5,700 | 200 | ||
Trane, Inc. | 4,300 | 197 | ||
* Thomas & Betts Corp. | 5,000 | 182 | ||
The Toro Co. | 4,300 | 178 | ||
* Spirit Aerosystems Holdings Inc. | 7,600 | 169 | ||
* URS Corp. | 5,000 | 163 | ||
Rockwell Automation, Inc. | 2,400 | 138 | ||
Cintas Corp. | 4,550 | 130 | ||
* Allied Waste Industries, Inc. | 9,800 | 106 | ||
Ryder System, Inc. | 1,400 | 85 | ||
KBR Inc. | 2,800 | 78 | ||
* Copa Holdings SA Class A | 1,800 | 69 | ||
* US Airways Group Inc. | 6,800 | 61 | ||
Carlisle Co., Inc. | 1,400 | 47 | ||
PACCAR, Inc. | 900 | 41 | ||
* Gardner Denver Inc. | 600 | 22 | ||
* WESCO International, Inc. | 500 | 18 | ||
Pentair, Inc. | 500 | 16 | ||
* Owens Corning Inc. | 430 | 8 | ||
* Quanta Services, Inc. | 300 | 7 | ||
* Avis Budget Group, Inc. | 393 | 4 | ||
Armstrong Worldwide Industries, Inc. | 100 | 4 | ||
|
||||
41,035 | ||||
|
||||
Information Technology (7.3%) | ||||
Microsoft Corp. | 188,900 | 5,361 | ||
* Cisco Systems, Inc. | 157,300 | 3,789 | ||
International Business Machines Corp. | 32,047 | 3,690 | ||
* Apple Inc. | 23,013 | 3,302 | ||
Hewlett-Packard Co. | 66,312 | 3,028 | ||
* Google Inc. | 6,040 | 2,660 | ||
Intel Corp. | 121,100 | 2,565 | ||
* Oracle Corp. | 104,500 | 2,044 | ||
QUALCOMM Inc. | 41,100 | 1,685 | ||
Texas Instruments, Inc. | 41,100 | 1,162 | ||
Corning, Inc. | 42,200 | 1,014 | ||
* Dell Inc. | 44,200 | 880 | ||
* Yahoo! Inc. | 29,200 | 845 | ||
Applied Materials, Inc. | 42,951 | 838 | ||
* EMC Corp. | 51,900 | 744 | ||
Automatic Data Processing, Inc. | 16,600 | 704 | ||
* eBay Inc. | 23,400 | 698 | ||
* Adobe Systems, Inc. | 17,000 | 605 | ||
Motorola, Inc. | 62,706 | 583 | ||
Western Union Co. | 27,014 | 575 | ||
* Symantec Corp. | 29,862 | 496 | ||
MasterCard, Inc. Class A | 2,130 | 475 | ||
Xerox Corp. | 27,700 | 415 | ||
* Electronic Arts Inc. | 8,143 | 406 | ||
* NVIDIA Corp. | 19,900 | 394 | ||
* Intuit, Inc. | 13,800 | 373 | ||
* Fiserv, Inc. | 7,625 | 367 | ||
Amphenol Corp. | 9,100 | 339 | ||
Analog Devices, Inc. | 11,434 | 338 | ||
Paychex, Inc. | 9,850 | 337 | ||
* Sun Microsystems, Inc. | 21,250 | 330 | ||
* BMC Software, Inc. | 10,100 | 328 | ||
Altera Corp. | 17,800 | 328 | ||
KLA-Tencor Corp. | 8,800 | 326 | ||
Electronic Data Systems Corp. | 19,500 | 325 | ||
National Semiconductor Corp. | 17,100 | 313 | ||
* Autodesk, Inc. | 9,400 | 296 | ||
* Agilent Technologies, Inc. | 9,844 | 294 | ||
Microchip Technology, Inc. | 8,800 | 288 | ||
Intersil Corp. | 10,800 | 277 | ||
* Citrix Systems, Inc. | 9,200 | 270 | ||
* Iron Mountain, Inc. | 10,175 | 269 | ||
Global Payments Inc. | 6,500 | 269 | ||
* Affiliated Computer Services, Inc. Class A | 5,300 | 266 | ||
* Avnet, Inc. | 8,100 | 265 | ||
* Mettler-Toledo International Inc. | 2,700 | 262 | ||
* NetApp, Inc. | 12,912 | 259 | ||
* Broadcom Corp. | 13,350 | 257 | ||
* Arrow Electronics, Inc. | 7,500 | 252 | ||
Linear Technology Corp. | 8,200 | 252 | ||
* NeuStar, Inc. Class A | 9,502 | 252 | ||
* LAM Research Corp. | 6,500 | 248 | ||
Tyco Electronics Ltd. | 7,200 | 247 | ||
* DST Systems, Inc. | 3,600 | 237 | ||
* Computer Sciences Corp. | 5,700 | 233 | ||
Fidelity National Information Services, Inc. | 5,500 | 210 | ||
Molex, Inc. | 8,466 | 196 | ||
* Compuware Corp. | 26,600 | 195 | ||
* Ingram Micro, Inc. Class A | 12,100 | 192 | ||
* NCR Corp. | 8,336 | 190 | ||
* Teradata Corp. | 8,336 | 184 | ||
Total System Services, Inc. | 6,900 | 163 | ||
* Lexmark International, Inc. | 4,500 | 138 | ||
AVX Corp. | 10,700 | 137 | ||
CA, Inc. | 5,930 | 133 | ||
* Cadence Design Systems, Inc. | 12,400 | 132 | ||
* Western Digital Corp. | 4,800 | 130 | ||
* Tellabs, Inc. | 22,600 | 123 | ||
* BEA Systems, Inc. | 6,100 | 117 | ||
* Synopsys, Inc. | 4,800 | 109 | ||
Harris Corp. | 2,100 | 102 | ||
* Teradyne, Inc. | 8,000 | 99 | ||
* Advanced Micro Devices, Inc. | 15,000 | 88 | ||
Jabil Circuit, Inc. | 9,100 | 86 | ||
Broadridge Financial Solutions LLC | 4,275 | 75 | ||
* LSI Corp. | 14,400 | 71 | ||
* ADC Telecommunications, Inc. | 5,528 | 67 | ||
* Integrated Device Technology Inc. | 6,200 | 55 | ||
* EchoStar Corp. | 1,751 | 52 | ||
* Convergys Corp. | 3,100 | 47 | ||
* Tech Data Corp. | 1,400 | 46 | ||
Accenture Ltd. | 1,300 | 46 | ||
Xilinx, Inc. | 1,800 | 43 | ||
* Metavante Technologies | 1,600 | 32 | ||
* Novellus Systems, Inc. | 1,000 | 21 | ||
|
||||
50,934 | ||||
|
||||
Materials (1.9%) | ||||
Monsanto Co. | 15,108 | 1,685 | ||
Freeport-McMoRan Copper & Gold, Inc. Class B | 10,387 | 999 | ||
Praxair, Inc. | 9,500 | 800 | ||
E.I. du Pont de Nemours & Co. | 16,900 | 790 | ||
Nucor Corp. | 10,400 | 704 | ||
Newmont Mining Corp. (Holding Co.) | 13,589 | 616 | ||
United States Steel Corp. | 4,600 | 584 | ||
* The Mosaic Co. | 5,600 | 575 | ||
Alcoa Inc. | 14,588 | 526 | ||
Dow Chemical Co. | 13,500 | 497 | ||
Sigma-Aldrich Corp. | 7,000 | 418 | ||
* Owens-Illinois, Inc. | 6,759 | 381 | ||
AK Steel Holding Corp. | 6,900 | 375 | ||
Steel Dynamics, Inc. | 11,200 | 370 | ||
Ecolab, Inc. | 7,900 | 343 | ||
Cleveland-Cliffs Inc. | 2,700 | 324 | ||
Reliance Steel & Aluminum Co. | 5,400 | 323 | ||
Celanese Corp. Series A | 7,800 | 305 | ||
Allegheny Technologies Inc. | 4,100 | 293 | ||
FMC Corp. | 5,100 | 283 | ||
Nalco Holding Co. | 12,400 | 262 | ||
Airgas, Inc. | 5,500 | 250 | ||
Martin Marietta Materials, Inc. | 2,286 | 243 | ||
* Pactiv Corp. | 9,100 | 239 | ||
Sealed Air Corp. | 9,200 | 232 | ||
Cytec Industries, Inc. | 4,300 | 232 | ||
Scotts Miracle-Gro Co. | 5,300 | 172 | ||
Carpenter Technology Corp. | 2,500 | 140 | ||
* Domtar Corp. | 13,200 | 90 | ||
* Smurfit-Stone Container Corp. | 7,388 | 57 | ||
* Crown Holdings, Inc. | 1,100 | 28 | ||
Ball Corp. | 500 | 23 | ||
Vulcan Materials Co. | 334 | 22 | ||
Albemarle Corp. | 600 | 22 | ||
Westlake Chemical Corp. | 1,500 | 20 | ||
Ashland, Inc. | 300 | 14 | ||
|
||||
13,237 | ||||
|
||||
Telecommunication Services (1.5%) | ||||
AT&T Inc. | 138,166 | 5,292 | ||
Verizon Communications Inc. | 58,200 | 2,121 | ||
Sprint Nextel Corp. | 96,777 | 647 | ||
* Crown Castle International Corp. | 10,500 | 362 | ||
Qwest Communications International Inc. | 69,100 | 313 | ||
Embarq Corp. | 6,858 | 275 | ||
* SBA Communications Corp. | 8,500 | 254 | ||
* American Tower Corp. Class A | 6,400 | 251 | ||
CenturyTel, Inc. | 7,475 | 248 | ||
* Clearwire Corp. | 13,200 | 195 | ||
* U.S. Cellular Corp. | 3,550 | 195 | ||
Telephone & Data Systems, Inc. | 3,200 | 126 | ||
Telephone & Data Systems, Inc. - Special Common Shar | 3,000 | 112 | ||
Windstream Corp. | 7,139 | 85 | ||
Citizens Communications Co. | 937 | 10 | ||
|
||||
10,486 | ||||
|
||||
Utilities (1.8%) | ||||
Exelon Corp. | 18,500 | 1,503 | ||
FPL Group, Inc. | 12,400 | 778 | ||
Entergy Corp. | 5,800 | 633 | ||
Public Service Enterprise Group, Inc. | 15,600 | 627 | ||
PPL Corp. | 12,700 | 583 | ||
Edison International | 11,800 | 578 | ||
Constellation Energy Group, Inc. | 6,500 | 574 | ||
Sempra Energy | 9,867 | 526 | ||
PG&E Corp. | 12,200 | 449 | ||
Questar Corp. | 7,876 | 445 | ||
* AES Corp. | 25,200 | 420 | ||
* NRG Energy, Inc. | 10,300 | 402 | ||
* Mirant Corp. | 10,754 | 391 | ||
* Reliant Energy, Inc. | 16,100 | 381 | ||
Equitable Resources, Inc. | 6,300 | 371 | ||
Allegheny Energy, Inc. | 7,211 | 364 | ||
Energen Corp. | 4,900 | 305 | ||
Wisconsin Energy Corp. | 6,800 | 299 | ||
MDU Resources Group, Inc. | 11,150 | 274 | ||
* Dynegy, Inc. | 34,000 | 268 | ||
CenterPoint Energy Inc. | 18,191 | 260 | ||
Integrys Energy Group, Inc. | 5,400 | 252 | ||
NSTAR | 7,900 | 240 | ||
Southern Co. | 6,600 | 235 | ||
Duke Energy Corp. | 12,992 | 232 | ||
CMS Energy Corp. | 16,901 | 229 | ||
Sierra Pacific Resources | 18,017 | 228 | ||
Southern Union Co. | 9,500 | 221 | ||
Aqua America, Inc. | 11,700 | 220 | ||
Northeast Utilities | 8,900 | 218 | ||
Dominion Resources, Inc. | 4,308 | 176 | ||
FirstEnergy Corp. | 900 | 62 | ||
SCANA Corp. | 1,400 | 51 | ||
NiSource, Inc. | 1,077 | 19 | ||
|
||||
12,814 | ||||
|
||||
|
||||
Total Common Stocks | ||||
(Cost $207,760) | 327,146 | |||
|
Coupon |
Maturity
Date |
Face
Amount ($000) |
Market
Value ($000) |
||
---|---|---|---|---|---|
|
|||||
Municipal Bonds (52.3%) | |||||
|
|||||
Alaska (0.3%) | |||||
Matanuska-Susitna Borough AK GO | 5.500% | 3/1/2012 (3) | 1,695 | 1,803 | |
|
|||||
Arizona (2.9%) | |||||
Arizona Transp. Board Highway Rev. | 5.250% | 7/1/2012 (Prere.) | 1,965 | 2,150 | |
Arizona Transp. Board Highway Rev. | 5.250% | 7/1/2017 | 2,215 | 2,394 | |
Glendale AZ Trans. Excise Tax Rev. | 5.000% | 7/1/2023 (1) | 4,585 | 4,722 | |
Phoenix AZ Civic Improvement Corp. Water System Rev. | 5.500% | 7/1/2015 (3) | 5,525 | 5,965 | |
Salt Verde Arizona Financial Project Rev. | 5.250% | 12/1/2024 | 5,000 | 4,719 | |
|
|||||
19,950 | |||||
|
|||||
California (2.6%) | |||||
California GO | 6.000% | 2/1/2016 | 2,000 | 2,276 | |
California Public Works Board Lease Rev. (Dept. of Corrections) | 5.000% | 9/1/2011 (2) | 1,535 | 1,563 | |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/2014 (2) | 4,065 | 4,422 | |
California State Dept. of Water Resources Power Supply Rev. | 5.500% | 5/1/2015 (2) | 3,000 | 3,227 | |
California State Econ. Recovery Bonds | 5.000% | 7/1/2015 | 2,100 | 2,269 | |
Los Angeles CA USD GO | 6.000% | 7/1/2008 (3) | 1,000 | 1,010 | |
Oakland CA Redev. Agency (Central Dist.) | 5.000% | 9/1/2021 (2) | 3,000 | 3,049 | |
|
|||||
17,816 | |||||
|
|||||
Colorado (1.8%) | |||||
Colorado Dept. of Transp. Rev. | 5.250% | 12/15/2013 (2)(Prere.) | 3,750 | 4,194 | |
Colorado Springs CO Util. System Rev. | 5.375% | 11/15/2013 | 2,775 | 2,991 | |
Univ. of Colorado Enterprise System Rev. | 5.000% | 6/1/2023 (3) | 5,025 | 5,088 | |
|
|||||
12,273 | |||||
|
|||||
District of Columbia (0.5%) | |||||
District of Columbia Univ. Rev. (George Washington Univ.) | 6.000% | 9/15/2011 (1) | 3,000 | 3,156 | |
|
|||||
Florida (2.3%) | |||||
Florida Board of Educ. Rev. (Lottery Rev.) | 5.000% | 7/1/2016 (2) | 5,000 | 5,395 | |
Florida Hurricane Catastrophe Fund Finance Corp. Rev. | 5.000% | 7/1/2012 | 3,565 | 3,797 | |
Florida Turnpike Auth. Rev. | 5.250% | 7/1/2009 (3) | 485 | 493 | |
Florida Turnpike Auth. Rev. | 5.250% | 7/1/2010 (3) | 825 | 838 | |
Orange County FL School Board VRDO | 1.700% | 4/1/2008 (1) | 1,750 | 1,750 | |
Seminole County FL Water & Sewer Rev. | 5.000% | 10/1/2023 | 2,435 | 2,508 | |
Tampa FL Health System Rev. (Catholic Healthcare East) | 5.000% | 11/15/2009 (1) | 1,000 | 1,035 | |
|
|||||
15,816 | |||||
|
|||||
Georgia (1.6%) | |||||
Atlanta GA Airport Fac. Rev. | 5.750% | 1/1/2013 (3) | 3,370 | 3,518 | |
Georgia GO | 5.500% | 7/1/2014 | 4,000 | 4,529 | |
Georgia Muni. Electric Power Auth. Rev. | 6.250% | 1/1/2012 (1) | 3,000 | 3,353 | |
|
|||||
11,400 | |||||
|
|||||
Hawaii (1.5%) | |||||
Hawaii GO | 5.875% | 10/1/2010 (1)(Prere.) | 1,870 | 2,026 | |
Hawaii GO | 5.000% | 10/1/2024 (1) | 3,000 | 3,055 | |
Honolulu HI City & County GO | 5.000% | 7/1/2019 (4) | 2,000 | 2,139 | |
Honolulu HI City & County GO | 5.000% | 7/1/2020 (4) | 3,205 | 3,393 | |
|
|||||
10,613 | |||||
|
|||||
Illinois (1.4%) | |||||
Chicago IL (City Colleges Improvement) GO | 0.000% | 1/1/2012 (3) | 2,380 | 2,089 | |
Illinois GO | 5.250% | 8/1/2012 (1) | 3,700 | 4,048 | |
Illinois Sales Tax Rev. | 0.000% | 12/15/2016 (2) | 5,000 | 3,409 | |
|
|||||
9,546 | |||||
|
|||||
Indiana (1.1%) | |||||
Indiana Health Fac. Auth. Finance Auth. Rev. (Clarian Health Obligation Group) | 5.000% | 2/15/2025 | 3,290 | 3,166 | |
Indiana Muni. Power Agency Rev. | 5.250% | 1/1/2015 (1) | 4,440 | 4,753 | |
|
|||||
7,919 | |||||
|
|||||
Louisiana (0.9%) | |||||
Louisiana GO | 5.500% | 5/15/2015 (3) | 2,665 | 2,828 | |
Louisiana Public Fac. Auth. Rev. (Ochsner Clinic) | 5.000% | 5/15/2016 | 3,260 | 3,336 | |
|
|||||
6,164 | |||||
|
|||||
Maryland (2.2%) | |||||
Baltimore MD Consolidated Public Improvement GO | 5.000% | 10/15/2017 (2) | 2,240 | 2,404 | |
Baltimore MD Consolidated Public Improvement GO | 5.000% | 10/15/2018 (2) | 2,365 | 2,525 | |
Baltimore MD Consolidated Public Improvement GO | 5.000% | 10/15/2019 (2) | 2,185 | 2,321 | |
Maryland Dept. of Transp. | 5.000% | 3/1/2013 | 5,400 | 5,894 | |
Maryland GO | 5.500% | 8/1/2008 | 2,250 | 2,278 | |
|
|||||
15,422 | |||||
|
|||||
Massachusetts (3.6%) | |||||
Chelsea MA GO | 5.500% | 6/15/2011 (2) | 740 | 751 | |
Chelsea MA GO | 5.500% | 6/15/2012 (2) | 735 | 746 | |
Massachusetts Bay Transp. Auth. Rev. | 5.125% | 3/1/2009 (Prere.) | 1,695 | 1,764 | |
Massachusetts Bay Transp. Auth. Rev. | 5.000% | 7/1/2022 | 5,000 | 5,342 | |
Massachusetts Bay Transp. Auth. Rev. | 5.500% | 7/1/2025 (1) | 2,045 | 2,260 | |
Massachusetts Bay Transp. Auth. Rev. | 5.500% | 7/1/2026 (1) | 3,500 | 3,840 | |
Massachusetts GO | 5.500% | 11/1/2013 (3) | 2,000 | 2,241 | |
Massachusetts Health & Educ. Fac. Auth. Rev. (Caritas Christi Obligated Group) | 6.500% | 7/1/2012 | 1,880 | 1,970 | |
Massachusetts Health & Educ. Fac. Auth. Rev. (Northeastern Univ.) | 5.000% | 10/1/2017 (1) | 1,000 | 1,020 | |
Massachusetts Water Pollution Abatement Trust | 6.000% | 8/1/2009 (Prere.) | 415 | 442 | |
Massachusetts Water Pollution Abatement Trust | 6.000% | 8/1/2010 | 1,365 | 1,439 | |
Massachusetts Water Resources Auth. Rev. | 5.250% | 8/1/2017 (4) | 3,000 | 3,364 | |
|
|||||
25,179 | |||||
|
|||||
Michigan (1.8%) | |||||
Mason MI Public School Dist. (School Building & Site) GO | 5.250% | 5/1/2017 (4) | 1,850 | 2,022 | |
Michigan Building Auth. Rev. | 5.125% | 10/15/2008 (Prere.) | 3,015 | 3,066 | |
Michigan Hosp. Finance Auth. Rev. (Ascension Health) PUT | 5.000% | 11/1/2012 | 4,735 | 5,056 | |
Michigan Muni. Bond Auth. Rev. (Clean Water Revolving Fund) | 5.875% | 10/1/2010 (Prere.) | 2,110 | 2,306 | |
|
|||||
12,450 | |||||
|
|||||
Minnesota (0.6%) | |||||
Minnesota GO | 5.000% | 6/1/2012 | 3,730 | 4,044 | |
|
|||||
Mississippi (0.8%) | |||||
Mississippi GO | 5.500% | 12/1/2018 | 2,750 | 3,106 | |
Mississippi GO | 5.500% | 12/1/2019 | 2,000 | 2,254 | |
|
|||||
5,360 | |||||
|
|||||
Missouri (1.7%) | |||||
Curators of the Univ. of Missouri System Fac. Rev. | 5.000% | 11/1/2026 | 4,410 | 4,479 | |
Missouri Health & Educ. Fac. Auth. (Washington Univ.) | 6.000% | 3/1/2010 (Prere.) | 4,000 | 4,314 | |
Missouri Health & Educ. Fac. Auth. Health Fac. Rev. (St. Luke's Episcopal - Presbyterian Hosp.) | 5.500% | 12/1/2015 (4) | 2,965 | 3,144 | |
|
|||||
11,937 | |||||
|
|||||
Nevada (0.8%) | |||||
Clark County NV School Dist. GO | 5.000% | 6/15/2018 | 5,190 | 5,587 | |
|
|||||
New Jersey (1.5%) | |||||
New Jersey Transp. Corp. COP | 5.500% | 9/15/2011 (2) | 3,000 | 3,236 | |
New Jersey Transp. Trust Fund Auth. Rev. | 6.000% | 12/15/2011 (1)(Prere.) | 625 | 700 | |
New Jersey Transp. Trust Fund Auth. Rev. | 6.000% | 12/15/2011 (1)(Prere.) | 330 | 369 | |
New Jersey Transp. Trust Fund Auth. Rev. | 6.000% | 12/15/2011 (1)(Prere.) | 1,440 | 1,612 | |
New Jersey Transp. Trust Fund Auth. Rev. | 5.500% | 12/15/2020 (3) | 4,000 | 4,437 | |
|
|||||
10,354 | |||||
|
|||||
New York (5.8%) | |||||
Erie County NY GO | 6.125% | 1/15/2011 (3) | 610 | 665 | |
Hempstead NY GO | 5.625% | 2/1/2011 (3) | 685 | 692 | |
Huntington NY GO | 6.700% | 2/1/2010 (3) | 375 | 403 | |
Long Island NY Power Auth. Electric System Rev. | 5.500% | 12/1/2009 (2) | 2,000 | 2,097 | |
Long Island NY Power Auth. Electric System Rev. | 5.500% | 12/1/2011 (2) | 3,000 | 3,252 | |
Long Island NY Power Auth. Electric System Rev. | 5.500% | 12/1/2012 (4)(ETM) | 2,000 | 2,211 | |
Metro. New York Transp. Auth. Rev. (Dedicated Petroleum Tax) | 6.125% | 4/1/2010 (3)(Prere.) | 2,110 | 2,268 | |
New York City NY GO VRDO | 0.980% | 4/2/2008 LOC | 500 | 500 | |
New York City NY Transitional Finance Auth. Rev. | 5.875% | 5/1/2010 (Prere.) | 3,305 | 3,574 | |
New York City NY Transitional Finance Auth. Rev. | 5.375% | 2/1/2013 | 2,000 | 2,190 | |
New York State Dormitory Auth. Rev. (Vassar Brothers Hosp.) | 5.100% | 7/1/2010 (4) | 1,500 | 1,533 | |
New York State Dormitory Auth. Rev. Non State Supported Debt (Mount Sinai School of Medicine of New York Un | 5.000% | 7/1/2023 (1) | 4,000 | 4,098 | |
New York State Dormitory Auth. Rev. Non State Supported Debt (Mount Sinai School of Medicine of New York Un | 5.000% | 7/1/2024 (1) | 3,800 | 3,867 | |
New York State Thruway Auth. Rev. | 5.000% | 1/1/2021 (1) | 8,490 | 8,986 | |
New York State Thruway Auth. Rev. (Service Contract) | 5.500% | 4/1/2014 | 4,000 | 4,339 | |
|
|||||
40,675 | |||||
|
|||||
North Carolina (0.6%) | |||||
North Carolina Eastern Muni. Power Agency Rev. | 5.125% | 1/1/2014 | 2,400 | 2,458 | |
North Carolina GO | 5.000% | 3/1/2020 | 2,000 | 2,110 | |
|
|||||
4,568 | |||||
|
|||||
Ohio (3.8%) | |||||
Buckeye OH Tobacco Settlement Financing Corp. Rev. | 5.125% | 6/1/2024 | 1,600 | 1,492 | |
Cleveland OH Public Power System Rev. | 5.000% | 11/15/2020 (3) | 5,000 | 5,143 | |
Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners) | 5.625% | 9/1/2013 (1) | 1,775 | 1,814 | |
Ohio Common Schools GO VRDO | 1.950% | 4/7/2008 | 300 | 300 | |
Ohio GO | 5.500% | 2/1/2019 | 2,000 | 2,263 | |
Ohio Higher Educ. GO | 5.000% | 2/1/2025 | 1,160 | 1,183 | |
Ohio Mental Health Capital Fac. Rev. | 5.000% | 8/1/2011 (2) | 4,190 | 4,463 | |
Ohio State Conservation Projects GO | 5.000% | 3/1/2017 | 3,885 | 4,197 | |
Ohio Water Dev. Auth. PCR | 5.000% | 6/1/2017 | 5,000 | 5,428 | |
|
|||||
26,283 | |||||
|
|||||
Oklahoma (0.4%) | |||||
Oklahoma State Capitol Improvement Auth. Fac. Rev. | 5.000% | 7/1/2025 (2) | 3,000 | 3,045 | |
|
|||||
Oregon (0.4%) | |||||
Oregon State Dept. Administrative Services | 5.750% | 4/1/2009 (4)(Prere.) | 2,400 | 2,520 | |
|
|||||
Pennsylvania (2.0%) | |||||
Pennsylvania GO | 5.250% | 2/1/2012 (3) | 3,500 | 3,802 | |
Pennsylvania GO | 5.000% | 9/1/2014 (4) | 3,000 | 3,302 | |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/2008 (2)(Prere.) | 115 | 119 | |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/2009 (2)(ETM) | 420 | 433 | |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/2009 (2) | 195 | 200 | |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/2011 (2)(ETM) | 310 | 318 | |
Pennsylvania Turnpike Comm. Oil Franchise Tax Rev. | 5.250% | 12/1/2011 (2) | 30 | 31 | |
Philadelphia PA Airport Parking Auth. | 5.750% | 9/1/2008 (2) | 1,150 | 1,165 | |
Philadelphia PA School Dist. GO | 5.000% | 8/1/2020 (2) | 3,500 | 3,623 | |
Philadelphia PA Water & Waste Water Rev. | 6.250% | 8/1/2009 (1) | 1,000 | 1,045 | |
|
|||||
14,038 | |||||
|
|||||
Puerto Rico (0.8%) | |||||
Puerto Rico Public Buildings Auth. Govt. Fac. Rev. | 5.250% | 7/1/2014 (3) | 2,425 | 2,553 | |
Puerto Rico Public Finance Corp. | 6.000% | 8/1/2026 (4)((ETM) | 3,000 | 3,455 | |
|
|||||
6,008 | |||||
|
|||||
South Carolina (1.5%) | |||||
Charleston SC Educ. Excellence Financing Corp. Rev. | 5.250% | 12/1/2026 | 2,610 | 2,613 | |
Piedmont SC Muni. Power Agency Rev. | 0.000% | 1/1/2024 (3) | 4,000 | 1,620 | |
South Carolina Transp. Infrastructure Rev. | 5.250% | 10/1/2013 (2) | 5,700 | 6,223 | |
|
|||||
10,456 | |||||
|
|||||
Tennessee (1.3%) | |||||
Metro. Govt. of Nashville & Davidson County TN Water & Sewer Rev. | 6.500% | 1/1/2009 (3) | 2,000 | 2,061 | |
Tennessee Energy Acquisition Corp. Gas Rev. | 5.000% | 9/1/2016 | 7,500 | 7,327 | |
|
|||||
9,388 | |||||
|
|||||
Texas (4.8%) | |||||
Austin TX Water & Wastewater System Rev. | 5.750% | 5/15/2010 (1)(Prere.) | 2,200 | 2,355 | |
Dallas TX Civic Center Refunding & Improvement Rev. | 4.600% | 8/15/2009 (1) | 110 | 112 | |
Dallas TX Civic Center Refunding & Improvement Rev. | 4.700% | 8/15/2010 (1) | 815 | 829 | |
Houston TX Water & Sewer System Rev. | 0.000% | 12/1/2008 (2) | 2,750 | 2,709 | |
Lubbock TX Health Fac. Dev. Corp. Rev. (St. Joseph's Health System) | 5.000% | 7/1/2008 (4) | 1,645 | 1,657 | |
San Antonio TX Electric & Gas Rev. | 5.125% | 2/1/2009 | 1,000 | 1,027 | |
San Antonio TX Electric & Gas Rev. | 5.000% | 2/1/2021 | 3,405 | 3,539 | |
San Antonio TX GO | 5.000% | 8/1/2018 | 5,470 | 5,918 | |
San Antonio TX Muni. Drain Util. System Rev. | 5.250% | 2/1/2027 (1) | 3,635 | 3,716 | |
San Antonio TX Water Rev. | 6.500% | 5/15/2010 (1)(ETM) | 75 | 78 | |
Southwest Texas Higher Educ. Auth. Inc. Rev. (Southern Methodist Univ.) | 5.000% | 10/1/2016 (2) | 5,260 | 5,739 | |
Texas Muni. Power Agency Rev. | 0.000% | 9/1/2010 (2)(ETM) | 160 | 150 | |
Univ. of Texas Permanent Univ. Fund Rev. | 5.250% | 8/15/2018 | 4,900 | 5,438 | |
|
|||||
33,267 | |||||
|
|||||
Washington (0.6%) | |||||
Port of Seattle WA Rev. | 5.000% | 3/1/2020 (1) | 3,000 | 3,098 | |
Washington GO | 6.000% | 6/1/2012 | 1,000 | 1,120 | |
|
|||||
4,218 | |||||
|
|||||
Wisconsin (0.4%) | |||||
Wisconsin GO | 5.750% | 5/1/2011 (Prere.) | 1,340 | 1,464 | |
Wisconsin GO | 5.750% | 5/1/2011 (Prere.) | 1,355 | 1,480 | |
|
|||||
2,944 | |||||
|
|||||
|
|||||
Total Municipal Bonds | |||||
(Cost $360,580) | 364,199 | ||||
|
|||||
Total Investments (99.3%) | |||||
(Cost $568,340) | 691,345 | ||||
|
|||||
Other Assets and Liabilities - Net (0.7%) | 4,577 | ||||
|
|||||
Net Assets (100%) | 695,922 | ||||
|
* Non-income-producing security.
REIT
Real Estate Investment Trust.
KEY
TO ABBREVIATIONS
ARS
Auction Rate Security.
BAN
Bond Anticipation Note.
COP Certificate of
Participation.
CP Commercial Paper.
FR Floating Rate.
GAN
Grant Anticipation Note.
GO General Obligation Bond.
IDA
Industrial Development Authority Bond.
IDR Industrial Development Revenue Bond.
PCR
Pollution Control Revenue Bond.
PUT Put Option Obligation.
RAN
Revenue Anticipation Note.
TAN Tax Anticipation Note.
TOB Tender
Option Bond.
TRAN Tax Revenue Anticipation Note.
UFSD Union Free School
District.
USD United School District.
VRDO Variable Rate Demand Obligation.
(ETM) Escrowed to Maturity.
(Prere.) Prerefunded.
Scheduled principal and interest payments are guaranteed by:
(1) MBIA (Municipal Bond Insurance Association).
(2) AMBAC (Ambac Assurance Corporation).
(3) FGIC (Financial Guaranty Insurance Company).
(4) FSA
(Financial Security Assurance).
(5) BIGI (Bond Investors Guaranty Insurance).
(6) Connie Lee Inc.
(7) FHA (Federal Housing Authority).
(8) CapMAC (Capital Markets Assurance
Corporation).
(9) American Capital Access Financial Guaranty Corporation.
(10)
XL Capital Assurance Inc.
(11) CIFG (CDC IXIS Financial Guaranty).
(12) Assured Guaranty Corp.
The
insurance does not guarantee the market value of the municipal bonds.
LOC
Scheduled principal and interest payments are guaranteed by bank letter of credit.
Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Bonds, and temporary cash investments acquired over 60 days to maturity, are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the funds pricing time but after the close of the securities primary markets, are valued by methods deemed by the board of trustees to represent fair value.
At March 31, 2008, the cost of investment securities for tax purposes was $568,340,000. Net unrealized appreciation of investment securities for tax purposes was $123,005,000, consisting of unrealized gains of $134,359,000 on securities that had risen in value since their purchase and $11,354,000 in unrealized losses on securities that had fallen in value since their purchase.
In September 2006, the Financial Accounting Standards Board issued Interpretation No. 157 (FAS 157), Fair Value Measurements. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements, effective for the funds current fiscal period.
Various inputs may be used to determine the value of the funds investments. These inputs are summarized in three broad levels:
Level
1 quoted prices in active markets for identical securities.
Level
2 other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3
significant unobservable inputs (including the funds own assumptions used to
determine the fair value of investments).
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table sumamrizes the inputs used to value the funds net assets as of March 31, 2008:
Valuation Inputs |
Investments in
Securities ($000) |
---|---|
|
|
Level 1- Quoted Prices | 327,139 |
|
|
Level 2- Other Significant Observable Inputs | 364,206 |
|
|
Level 3- Significant Unobservable Inputs | - |
|
|
Total | 691,345 |
|
Vanguard
Tax-Managed Small-Cap Fund
Schedule of Investments
March 31, 2008
|
||
Shares |
Market
Value ($000) |
|
---|---|---|
|
||
Common Stocks (100.0%) | ||
|
||
Consumer Discretionary (12.2%) | ||
* LKQ Corp. | 436,839 | 9,816 |
* Jack in the Box Inc. | 273,389 | 7,346 |
* Sonic Corp. | 322,752 | 7,113 |
Wolverine World Wide, Inc. | 231,207 | 6,707 |
Polaris Industries, Inc. | 148,328 | 6,083 |
* Fossil, Inc. | 189,830 | 5,797 |
* WMS Industries, Inc. | 161,034 | 5,792 |
Arbitron Inc. | 125,434 | 5,414 |
* Deckers Outdoor Corp. | 48,823 | 5,264 |
* Panera Bread Co. | 123,482 | 5,173 |
* Tractor Supply Co. | 125,993 | 4,979 |
* Bright Horizons Family Solutions, Inc. | 109,678 | 4,720 |
Aaron Rents, Inc. | 209,698 | 4,517 |
* Crocs, Inc. | 256,288 | 4,477 |
* The Gymboree Corp. | 111,396 | 4,442 |
* Quiksilver, Inc. | 401,217 | 3,936 |
* Iconix Brand Group Inc. | 220,992 | 3,834 |
Men's Wearhouse, Inc. | 160,252 | 3,729 |
* Live Nation, Inc. | 277,208 | 3,363 |
Pool Corp. | 177,194 | 3,347 |
* Coinstar, Inc. | 116,640 | 3,282 |
* JAKKS Pacific, Inc. | 118,257 | 3,260 |
* Champion Enterprises, Inc. | 322,200 | 3,232 |
* CEC Entertainment Inc. | 108,648 | 3,138 |
* P.F. Chang's China Bistro, Inc. | 98,884 | 2,812 |
* Blue Nile Inc. | 51,230 | 2,774 |
* Zale Corp. | 139,865 | 2,764 |
* Tween Brands, Inc. | 107,562 | 2,661 |
* Red Robin Gourmet Burgers, Inc. | 70,372 | 2,644 |
* Skechers U.S.A., Inc. | 125,361 | 2,534 |
IHOP Corp. | 50,439 | 2,416 |
* The Dress Barn, Inc. | 181,338 | 2,347 |
Sonic Automotive, Inc. | 112,253 | 2,307 |
* The Children's Place Retail Stores, Inc. | 90,983 | 2,235 |
Hillenbrand Inc. | 100,000 | 2,210 |
* Texas Roadhouse, Inc. | 223,899 | 2,194 |
Ethan Allen Interiors, Inc. | 75,200 | 2,138 |
Superior Industries International, Inc. | 96,403 | 2,000 |
* Papa John's International, Inc. | 80,994 | 1,961 |
* Cabela's Inc. | 138,419 | 1,960 |
* Genesco, Inc. | 84,090 | 1,943 |
* Pinnacle Entertainment, Inc. | 150,703 | 1,929 |
* Drew Industries, Inc. | 78,591 | 1,922 |
Brown Shoe Co., Inc. | 125,549 | 1,892 |
UniFirst Corp. | 49,958 | 1,853 |
Winnebago Industries, Inc. | 106,964 | 1,808 |
* Meritage Corp. | 89,540 | 1,730 |
The Marcus Corp. | 89,727 | 1,723 |
* Hibbett Sports Inc. | 108,325 | 1,673 |
* Pre-Paid Legal Services, Inc. | 39,380 | 1,670 |
The Pep Boys (Manny, Moe & Jack) | 165,275 | 1,646 |
Cato Corp. Class A | 108,899 | 1,627 |
* Jos. A. Bank Clothiers, Inc. | 75,799 | 1,554 |
K-Swiss, Inc. | 96,557 | 1,528 |
Fred's, Inc. | 140,570 | 1,441 |
* Charlotte Russe Holding Inc. | 83,091 | 1,441 |
La-Z-Boy Inc. | 170,500 | 1,422 |
Stage Stores, Inc. | 87,056 | 1,410 |
* Peet's Coffee & Tea Inc. | 56,413 | 1,326 |
* Buffalo Wild Wings Inc. | 53,621 | 1,314 |
CKE Restaurants Inc. | 116,357 | 1,306 |
* Jo-Ann Stores, Inc. | 87,771 | 1,293 |
Triarc Cos., Inc. Class B | 184,165 | 1,273 |
Standard Pacific Corp. | 249,886 | 1,214 |
* Maidenform Brands, Inc. | 74,409 | 1,211 |
* Sturm, Ruger & Co., Inc. | 140,564 | 1,158 |
* PetMed Express, Inc. | 102,457 | 1,136 |
* Zumiez Inc. | 69,449 | 1,090 |
Oxford Industries, Inc. | 46,066 | 1,038 |
National Presto Industries, Inc. | 19,778 | 1,036 |
Libbey, Inc. | 60,382 | 1,017 |
* Volcom, Inc. | 48,145 | 973 |
* Perry Ellis International Corp. | 43,963 | 960 |
Spartan Motors, Inc. | 105,408 | 892 |
Movado Group, Inc. | 45,612 | 889 |
Monaco Coach Corp. | 93,649 | 888 |
Group 1 Automotive, Inc. | 37,735 | 886 |
O'Charley's Inc. | 74,736 | 861 |
* Midas Inc. | 49,570 | 852 |
Skyline Corp. | 28,558 | 794 |
* AH Belo Corp. | 67,247 | 769 |
* Stamps.com Inc. | 73,770 | 757 |
* MarineMax, Inc. | 57,395 | 715 |
Haverty Furniture Cos., Inc. | 66,232 | 705 |
* Russ Berrie and Co., Inc. | 50,068 | 704 |
* Steak n Shake Co. | 84,407 | 664 |
* Hot Topic, Inc. | 150,627 | 649 |
Landry's Restaurants, Inc. | 39,194 | 638 |
* Audiovox Corp. | 48,800 | 521 |
Stein Mart, Inc. | 89,207 | 501 |
Lithia Motors, Inc. | 45,766 | 465 |
CPI Corp. | 24,876 | 430 |
* 4Kids Entertainment Inc. | 36,143 | 353 |
Nautilus Inc. | 97,761 | 322 |
Bassett Furniture Industries, Inc. | 25,746 | 318 |
Standard Motor Products, Inc. | 51,626 | 316 |
Building Materials Holding Corp. | 70,216 | 308 |
Christopher & Banks Corp. | 29,198 | 292 |
* RC2 Corp. | 13,570 | 285 |
Triarc Cos., Inc. Class A | 43,900 | 277 |
* California Pizza Kitchen, Inc. | 17,377 | 228 |
* Universal Electronics, Inc. | 8,003 | 194 |
Arctic Cat, Inc. | 22,787 | 166 |
* Fleetwood Enterprises, Inc. | 27,152 | 125 |
M/I Homes, Inc. | 5,695 | 97 |
* Monarch Casino & Resort, Inc. | 5,380 | 95 |
* Universal Technical Institute Inc. | 7,080 | 83 |
* Tuesday Morning Corp. | 11,359 | 59 |
* Shuffle Master, Inc. | 10,628 | 57 |
* Multimedia Games Inc. | 10,576 | 56 |
Big 5 Sporting Goods Corp. | 6,235 | 55 |
* Radio One, Inc. Class D | 28,346 | 43 |
Finish Line, Inc. | 7,514 | 36 |
Deerfield Capital Corp. | 24,180 | 33 |
* Select Comfort Corp. | 6,802 | 24 |
* Ruth's Chris Steak House Inc. | 2,907 | 20 |
|
||
221,697 | ||
|
||
Consumer Staples (3.7%) | ||
Flowers Foods, Inc. | 324,122 | 8,022 |
* Ralcorp Holdings, Inc. | 113,207 | 6,583 |
* Chattem, Inc. | 79,774 | 5,292 |
Longs Drug Stores, Inc. | 122,390 | 5,197 |
* Hain Celestial Group, Inc. | 166,434 | 4,910 |
* Performance Food Group Co. | 147,233 | 4,812 |
Casey's General Stores, Inc. | 212,077 | 4,793 |
The Andersons, Inc. | 68,220 | 3,043 |
* TreeHouse Foods Inc. | 130,827 | 2,991 |
Lance, Inc. | 130,132 | 2,551 |
Sanderson Farms, Inc. | 66,477 | 2,527 |
WD-40 Co. | 73,698 | 2,450 |
* The Great Atlantic & Pacific Tea Co., Inc. | 88,718 | 2,326 |
* United Natural Foods, Inc. | 116,083 | 2,172 |
Nash-Finch Co. | 56,303 | 1,913 |
* Alliance One International, Inc. | 280,411 | 1,694 |
Spartan Stores, Inc. | 78,032 | 1,627 |
J & J Snack Foods Corp. | 57,766 | 1,587 |
* Boston Beer Co., Inc. Class A | 33,100 | 1,573 |
* Central Garden & Pet Co. Class A | 240,514 | 1,068 |
* Spectrum Brands Inc. | 156,615 | 716 |
Mannatech, Inc. | 28,054 | 200 |
* USANA Health Sciences, Inc. | 1,159 | 26 |
|
||
68,073 | ||
|
||
Energy (9.9%) | ||
Cabot Oil & Gas Corp. | 403,854 | 20,532 |
* Oceaneering International, Inc. | 232,300 | 14,635 |
* Helix Energy Solutions Group, Inc. | 382,954 | 12,063 |
Massey Energy Co. | 313,215 | 11,432 |
* Atwood Oceanics, Inc. | 114,933 | 10,542 |
* Unit Corp. | 175,909 | 9,965 |
St. Mary Land & Exploration Co. | 243,672 | 9,381 |
* W-H Energy Services, Inc. | 114,771 | 7,902 |
* SEACOR Holdings Inc. | 89,080 | 7,604 |
Penn Virginia Corp. | 158,059 | 6,969 |
* Stone Energy Corp. | 117,554 | 6,149 |
* Bristow Group, Inc. | 98,888 | 5,307 |
* Swift Energy Co. | 116,271 | 5,231 |
* Patriot Coal Corp. | 102,153 | 4,798 |
* Dril-Quip, Inc. | 102,658 | 4,771 |
* Hornbeck Offshore Services, Inc. | 97,743 | 4,464 |
* TETRA Technologies, Inc. | 278,509 | 4,412 |
* Petroleum Development Corp. | 63,354 | 4,389 |
* ION Geophysical Corp. | 306,070 | 4,224 |
Lufkin Industries, Inc. | 63,304 | 4,040 |
* NATCO Group Inc. | 73,434 | 3,433 |
CARBO Ceramics Inc. | 85,476 | 3,428 |
* Pioneer Drilling Co. | 208,713 | 3,325 |
World Fuel Services Corp. | 103,052 | 2,893 |
* PetroQuest Energy, Inc. | 163,650 | 2,838 |
* Basic Energy Services Inc. | 86,274 | 1,905 |
* Matrix Service Co. | 94,680 | 1,627 |
* Superior Well Services, Inc. | 60,334 | 1,320 |
Gulf Island Fabrication, Inc. | 5,548 | 159 |
|
||
179,738 | ||
|
||
Financials (16.3%) | ||
* Investment Technology Group, Inc. | 185,962 | 8,588 |
* Philadelphia Consolidated Holding Corp. | 234,885 | 7,563 |
* ProAssurance Corp. | 138,830 | 7,473 |
Susquehanna Bancshares, Inc. | 321,134 | 6,542 |
Whitney Holdings Corp. | 261,186 | 6,475 |
Home Properties, Inc. REIT | 131,219 | 6,297 |
BioMed Realty Trust, Inc. REIT | 258,290 | 6,170 |
Essex Property Trust, Inc. REIT | 54,107 | 6,167 |
UMB Financial Corp. | 140,834 | 5,802 |
Zenith National Insurance Corp. | 155,415 | 5,573 |
National Penn Bancshares Inc. | 301,981 | 5,493 |
Delphi Financial Group, Inc. | 181,581 | 5,308 |
Selective Insurance Group | 211,537 | 5,052 |
Hilb, Rogal and Hamilton Co. | 152,604 | 4,802 |
Old National Bancorp | 252,624 | 4,547 |
Senior Housing Properties Trust REIT | 182,396 | 4,323 |
United Bankshares, Inc. | 161,584 | 4,306 |
Extra Space Storage Inc. REIT | 257,743 | 4,173 |
R.L.I. Corp. | 83,606 | 4,144 |
The South Financial Group, Inc. | 276,314 | 4,106 |
Glacier Bancorp, Inc. | 213,983 | 4,102 |
Prosperity Bancshares, Inc. | 142,412 | 4,082 |
First Midwest Bancorp, Inc. | 146,803 | 4,077 |
Cash America International Inc. | 109,836 | 3,998 |
Hancock Holding Co. | 94,574 | 3,974 |
East West Bancorp, Inc. | 209,948 | 3,727 |
optionsXpress Holdings Inc. | 170,030 | 3,521 |
Kilroy Realty Corp. REIT | 70,315 | 3,453 |
* Forestar Real Estate Group, Inc. | 135,539 | 3,376 |
Infinity Property & Casualty Corp. | 81,075 | 3,373 |
National Retail Properties REIT | 152,935 | 3,372 |
Umpqua Holdings Corp. | 215,896 | 3,349 |
United Fire & Casualty Co. | 88,648 | 3,315 |
Sterling Bancshares, Inc. | 311,411 | 3,095 |
Wintrust Financial Corp. | 88,462 | 3,092 |
Entertainment Properties Trust REIT | 60,398 | 2,979 |
Sterling Financial Corp. | 186,865 | 2,917 |
TrustCo Bank NY | 314,526 | 2,796 |
* Navigators Group, Inc. | 51,102 | 2,780 |
Mid-America Apartment Communities, Inc. REIT | 54,740 | 2,728 |
First Commonwealth Financial Corp. | 233,927 | 2,711 |
First BanCorp Puerto Rico | 266,244 | 2,705 |
Community Bank System, Inc. | 107,137 | 2,631 |
Tanger Factory Outlet Centers, Inc. REIT | 67,312 | 2,589 |
PrivateBancorp, Inc. | 81,973 | 2,580 |
* Piper Jaffray Cos., Inc. | 75,522 | 2,565 |
Bank Mutual Corp. | 230,590 | 2,476 |
United Community Banks, Inc. | 145,836 | 2,476 |
Simon Property Group, Inc. REIT | 25,965 | 2,412 |
Brookline Bancorp, Inc. | 209,982 | 2,411 |
EastGroup Properties, Inc. REIT | 51,083 | 2,373 |
LandAmerica Financial Group, Inc. | 60,126 | 2,373 |
Financial Federal Corp. | 108,412 | 2,364 |
* World Acceptance Corp. | 73,880 | 2,353 |
Colonial Properties Trust REIT | 91,135 | 2,192 |
* Signature Bank | 85,018 | 2,168 |
UCBH Holdings, Inc. | 274,382 | 2,129 |
Safety Insurance Group, Inc. | 58,930 | 2,011 |
Sovran Self Storage, Inc. REIT | 46,408 | 1,982 |
Dime Community Bancshares | 112,708 | 1,970 |
Tower Group, Inc. | 77,957 | 1,962 |
Pennsylvania REIT | 78,674 | 1,919 |
Inland Real Estate Corp. REIT | 125,270 | 1,905 |
PS Business Parks, Inc. REIT | 34,497 | 1,790 |
ProLogis REIT | 29,990 | 1,765 |
Stewart Information Services Corp. | 62,805 | 1,758 |
Lexington Realty Trust REIT | 120,895 | 1,742 |
Acadia Realty Trust REIT | 69,001 | 1,666 |
Presidential Life Corp. | 90,340 | 1,576 |
DiamondRock Hospitality Co. REIT | 122,941 | 1,558 |
Columbia Banking System, Inc. | 68,333 | 1,529 |
Portfolio Recovery Associates, Inc. | 34,117 | 1,463 |
Frontier Financial Corp. | 81,508 | 1,441 |
* First Federal Financial Corp. | 53,005 | 1,439 |
Anchor Bancorp Wisconsin Inc. | 74,905 | 1,421 |
Vornado Realty Trust REIT | 15,960 | 1,376 |
Public Storage, Inc. REIT | 14,895 | 1,320 |
Equity Residential REIT | 31,565 | 1,310 |
First Financial Bancorp | 96,821 | 1,302 |
Boston Properties, Inc. REIT | 13,890 | 1,279 |
Sterling Bancorp | 77,838 | 1,209 |
Medical Properties Trust Inc. REIT | 106,535 | 1,206 |
Corus Bankshares Inc. | 123,255 | 1,199 |
* SCPIE Holdings Inc. | 41,925 | 1,155 |
LTC Properties, Inc. REIT | 43,913 | 1,129 |
Kimco Realty Corp. REIT | 26,485 | 1,037 |
Hanmi Financial Corp. | 134,098 | 991 |
Central Pacific Financial Co. | 51,809 | 977 |
General Growth Properties Inc. REIT | 25,550 | 975 |
Host Hotels & Resorts Inc. REIT | 60,830 | 968 |
SWS Group, Inc. | 78,138 | 956 |
Flagstar Bancorp, Inc. | 131,931 | 953 |
* TradeStation Group, Inc. | 111,702 | 952 |
* First Cash Financial Services, Inc. | 88,643 | 916 |
Avalonbay Communities, Inc. REIT | 9,170 | 885 |
Kite Realty Group Trust REIT | 62,177 | 870 |
Boston Private Financial Holdings, Inc. | 80,431 | 852 |
HCP, Inc. REIT | 25,185 | 852 |
* LaBranche & Co. Inc. | 169,001 | 735 |
Ventas, Inc. REIT | 15,545 | 698 |
Downey Financial Corp. | 35,292 | 649 |
AMB Property Corp. REIT | 11,530 | 627 |
BankUnited Financial Corp. | 120,611 | 604 |
Developers Diversified Realty Corp. REIT | 14,305 | 599 |
The Macerich Co. REIT | 8,445 | 593 |
* Guaranty Financial Group, Inc. | 55,539 | 590 |
SL Green Realty Corp. REIT | 6,895 | 562 |
Independent Bank Corp. (MI) | 51,946 | 539 |
Regency Centers Corp. REIT | 8,105 | 525 |
Wilshire Bancorp Inc. | 68,269 | 522 |
Federal Realty Investment Trust REIT | 6,595 | 514 |
* Rewards Network Inc. | 113,592 | 509 |
Cascade Bancorp | 47,414 | 453 |
Health Care Inc. REIT | 9,490 | 428 |
BankAtlantic Bancorp, Inc. Class A | 102,200 | 400 |
Apartment Investment & Management Co. Class A RE | 11,130 | 398 |
Duke Realty Corp. REIT | 16,955 | 387 |
UDR, Inc. REIT | 15,625 | 383 |
Hospitality Properties Trust REIT | 10,935 | 372 |
Provident Bankshares Corp. | 34,587 | 371 |
Nationwide Health Properties, Inc. REIT | 10,820 | 365 |
Alexandria Real Estate Equities, Inc. REIT | 3,710 | 344 |
Liberty Property Trust REIT | 10,660 | 332 |
Camden Property Trust REIT | 6,470 | 325 |
Taubman Co. REIT | 6,125 | 319 |
Weingarten Realty Investors REIT | 8,915 | 307 |
Realty Income Corp. REIT | 11,770 | 302 |
Mack-Cali Realty Corp. REIT | 7,910 | 282 |
BRE Properties Inc. Class A REIT | 5,915 | 269 |
Digital Realty Trust, Inc. REIT | 7,165 | 254 |
Douglas Emmett, Inc. REIT | 10,230 | 226 |
Post Properties, Inc. REIT | 5,090 | 197 |
Highwood Properties, Inc. REIT | 6,325 | 197 |
DCT Industrial Trust Inc. REIT | 19,615 | 195 |
Washington REIT | 5,435 | 182 |
HRPT Properties Trust REIT | 26,250 | 177 |
Corporate Office Properties Trust, Inc. REIT | 5,240 | 176 |
* Franklin Bank Corp. | 56,569 | 171 |
CBL & Associates Properties, Inc. REIT | 7,270 | 171 |
Brandywine Realty Trust REIT | 9,605 | 163 |
First Industrial Realty Trust REIT | 5,200 | 161 |
Healthcare Realty Trust Inc. REIT | 5,900 | 154 |
Parkway Properties Inc. REIT | 4,068 | 150 |
Omega Healthcare Investors, Inc. REIT | 7,920 | 137 |
LaSalle Hotel Properties REIT | 4,670 | 134 |
Equity Lifestyle Properties, Inc. REIT | 2,695 | 133 |
American Financial Realty Trust REIT | 14,965 | 119 |
Strategic Hotels and Resorts, Inc. REIT | 8,660 | 114 |
Cousins Properties, Inc. REIT | 4,530 | 112 |
Sunstone Hotel Investors, Inc. REIT | 6,910 | 111 |
Nara Bancorp, Inc. | 8,320 | 108 |
Equity One, Inc. REIT | 4,300 | 103 |
Franklin Street Properties Corp. REIT | 6,975 | 100 |
American Campus Communities, Inc. REIT | 3,175 | 87 |
National Health Investors REIT | 2,745 | 86 |
* Alexander's, Inc. REIT | 235 | 83 |
FelCor Lodging Trust, Inc. REIT | 6,905 | 83 |
Ashford Hospitality Trust REIT | 13,580 | 77 |
U-Store-It Trust REIT | 5,710 | 65 |
Investors Real Estate Trust REIT | 6,465 | 63 |
Maguire Properties, Inc. REIT | 4,395 | 63 |
Saul Centers, Inc. REIT | 1,240 | 62 |
Cedar Shopping Centers, Inc. REIT | 5,150 | 60 |
Glimcher Realty Trust REIT | 4,385 | 52 |
Ramco-Gershenson Properties Trust REIT | 2,150 | 45 |
Universal Health Realty Income REIT | 1,310 | 44 |
First Potomac REIT | 2,825 | 43 |
Education Realty Trust, Inc. REIT | 3,320 | 42 |
Sun Communities, Inc. REIT | 2,020 | 41 |
CapLease, Inc. REIT | 5,165 | 40 |
GMH Communities Trust REIT | 4,605 | 40 |
Urstadt Biddle Properties Class A REIT | 2,195 | 35 |
Getty Realty Holding Corp. REIT | 2,020 | 32 |
Irwin Financial Corp. | 1,207 | 6 |
* Triad Guaranty, Inc. | 773 | 4 |
|
||
297,285 | ||
|
||
Health Care (12.3%) | ||
* Pediatrix Medical Group, Inc. | 203,536 | 13,718 |
* IDEXX Laboratories Corp. | 258,268 | 12,722 |
Owens & Minor, Inc. Holding Co. | 169,048 | 6,650 |
* Haemonetics Corp. | 110,745 | 6,598 |
* Immucor Inc. | 288,883 | 6,165 |
* Dionex Corp. | 79,783 | 6,142 |
* PAREXEL International Corp. | 229,949 | 6,002 |
* AMERIGROUP Corp. | 219,547 | 6,000 |
Cooper Cos., Inc. | 171,817 | 5,916 |
West Pharmaceutical Services, Inc. | 123,542 | 5,464 |
* LifeCell Corp. | 128,345 | 5,394 |
* Regeneron Pharmaceuticals, Inc. | 276,996 | 5,316 |
* Healthways, Inc. | 147,191 | 5,202 |
Meridian Bioscience Inc. | 150,151 | 5,020 |
* PSS World Medical, Inc. | 270,287 | 4,503 |
Chemed Corp. | 104,373 | 4,405 |
* Amedisys Inc. | 109,048 | 4,290 |
* Sunrise Senior Living, Inc. | 187,772 | 4,184 |
* Martek Biosciences Corp. | 135,666 | 4,147 |
* Alpharma, Inc. Class A | 157,608 | 4,131 |
* Cubist Pharmaceuticals, Inc. | 214,045 | 3,943 |
* Savient Pharmaceuticals Inc. | 196,749 | 3,935 |
* American Medical Systems Holdings, Inc. | 276,662 | 3,926 |
* inVentiv Health, Inc. | 135,438 | 3,902 |
Analogic Corp. | 58,620 | 3,900 |
* ArthroCare Corp. | 115,476 | 3,851 |
* Integra LifeSciences Holdings | 81,711 | 3,552 |
* HealthExtras, Inc. | 135,560 | 3,367 |
* CONMED Corp. | 118,691 | 3,043 |
* Phase Forward Inc. | 176,571 | 3,016 |
Invacare Corp. | 133,950 | 2,984 |
* AmSurg Corp. | 125,840 | 2,980 |
* Sciele Pharma, Inc. | 138,418 | 2,699 |
* SurModics, Inc. | 64,119 | 2,685 |
* Centene Corp. | 182,804 | 2,548 |
* Gentiva Health Services, Inc. | 116,004 | 2,524 |
Mentor Corp. | 97,658 | 2,512 |
* Symmetry Medical Inc. | 146,337 | 2,429 |
* ViroPharma Inc. | 271,291 | 2,425 |
* HMS Holdings Corp. | 82,262 | 2,349 |
* Kendle International Inc. | 51,647 | 2,320 |
* AMN Healthcare Services, Inc. | 144,307 | 2,225 |
Datascope Corp. | 53,402 | 2,212 |
* PharMerica Corp. | 129,122 | 2,140 |
* Matria Healthcare, Inc. | 90,026 | 2,008 |
* Air Methods Corp. | 41,326 | 1,999 |
* Pharmanet Development Group, Inc. | 78,618 | 1,984 |
* Abaxis, Inc. | 82,602 | 1,914 |
* Merit Medical Systems, Inc. | 114,758 | 1,817 |
Vital Signs, Inc. | 32,979 | 1,670 |
* Res-Care, Inc. | 93,723 | 1,607 |
* Greatbatch, Inc. | 86,439 | 1,591 |
* Kensey Nash Corp. | 50,043 | 1,449 |
* Omnicell, Inc. | 68,767 | 1,382 |
* Allscripts Healthcare Solutions, Inc. | 132,264 | 1,365 |
* Molina Healthcare Inc. | 54,420 | 1,329 |
* RehabCare Group, Inc. | 73,631 | 1,104 |
* Cyberonics, Inc. | 71,429 | 1,036 |
* Odyssey Healthcare, Inc. | 111,409 | 1,003 |
* CryoLife Inc. | 102,187 | 961 |
* LHC Group Inc. | 55,807 | 938 |
* Enzo Biochem, Inc. | 100,849 | 917 |
* Palomar Medical Technologies, Inc. | 58,549 | 884 |
LCA-Vision Inc. | 62,560 | 782 |
* Noven Pharmaceuticals, Inc. | 80,058 | 719 |
* ArQule, Inc. | 143,431 | 614 |
Cambrex Corp. | 87,069 | 603 |
* Theragenics Corp. | 139,047 | 548 |
* Cross Country Healthcare, Inc. | 35,248 | 436 |
* ICU Medical, Inc. | 12,796 | 368 |
* Osteotech, Inc. | 73,353 | 348 |
* Salix Pharmaceuticals, Ltd. | 18,072 | 113 |
* BioLase Technology, Inc. | 16,456 | 51 |
* MedCath Corp. | 2,770 | 50 |
|
||
225,026 | ||
|
||
Industrials (18.4%) | ||
* Shaw Group, Inc. | 338,776 | 15,970 |
* Kirby Corp. | 223,339 | 12,730 |
Landstar System, Inc. | 232,748 | 12,140 |
Watson Wyatt & Co. Holdings | 179,032 | 10,160 |
Lennox International Inc. | 247,910 | 8,917 |
* Waste Connections, Inc. | 286,850 | 8,818 |
Curtiss-Wright Corp. | 185,679 | 7,702 |
CLARCOR Inc. | 214,644 | 7,631 |
Brady Corp. Class A | 226,031 | 7,556 |
* Moog Inc. | 177,823 | 7,506 |
* Gardner Denver Inc. | 202,180 | 7,501 |
The Toro Co. | 168,819 | 6,987 |
Acuity Brands, Inc. | 161,971 | 6,957 |
* Teledyne Technologies, Inc. | 145,842 | 6,855 |
Woodward Governor Co. | 246,173 | 6,578 |
Belden Inc. | 182,771 | 6,455 |
Valmont Industries, Inc. | 72,398 | 6,363 |
* United Stationers, Inc. | 121,534 | 5,797 |
* Esterline Technologies Corp. | 108,257 | 5,453 |
* Orbital Sciences Corp. | 221,824 | 5,346 |
Kaydon Corp. | 118,773 | 5,215 |
* EMCOR Group, Inc. | 232,331 | 5,160 |
Lindsay Manufacturing Co. | 48,959 | 5,017 |
Skywest, Inc. | 228,087 | 4,817 |
* Hub Group, Inc. | 145,371 | 4,781 |
Robbins & Myers, Inc. | 143,438 | 4,683 |
Applied Industrial Technology, Inc. | 155,286 | 4,641 |
Baldor Electric Co. | 162,993 | 4,564 |
Forward Air Corp. | 126,610 | 4,487 |
Albany International Corp. | 122,082 | 4,412 |
* AAR Corp. | 156,735 | 4,274 |
* Tetra Tech, Inc. | 217,793 | 4,249 |
Simpson Manufacturing Co. | 154,631 | 4,203 |
Triumph Group, Inc. | 69,898 | 3,979 |
Regal-Beloit Corp. | 103,903 | 3,806 |
Watsco, Inc. | 91,631 | 3,795 |
Knight Transportation, Inc. | 225,179 | 3,706 |
ABM Industries Inc. | 164,003 | 3,680 |
Healthcare Services Group, Inc. | 174,434 | 3,600 |
Briggs & Stratton Corp. | 190,175 | 3,404 |
* Old Dominion Freight Line, Inc. | 106,353 | 3,385 |
* Ceradyne, Inc. | 105,446 | 3,370 |
Watts Water Technologies, Inc. | 119,985 | 3,363 |
Barnes Group, Inc. | 145,984 | 3,350 |
Viad Corp. | 89,170 | 3,211 |
G & K Services, Inc. Class A | 90,171 | 3,211 |
Interface, Inc. | 223,886 | 3,146 |
A.O. Smith Corp. | 95,564 | 3,141 |
Mueller Industries Inc. | 108,796 | 3,139 |
Arkansas Best Corp. | 97,732 | 3,114 |
* Astec Industries, Inc. | 79,925 | 3,098 |
Heartland Express, Inc. | 213,141 | 3,039 |
Kaman Corp. Class A | 102,279 | 2,893 |
* EnPro Industries, Inc. | 90,129 | 2,811 |
* Consolidated Graphics, Inc. | 49,627 | 2,782 |
* School Specialty, Inc. | 77,978 | 2,459 |
* Mobile Mini, Inc. | 123,873 | 2,354 |
* GenCorp, Inc. | 217,429 | 2,237 |
Universal Forest Products, Inc. | 68,776 | 2,215 |
Tredegar Corp. | 117,860 | 2,146 |
Heidrick & Struggles International, Inc. | 63,873 | 2,078 |
Cubic Corp. | 65,134 | 1,852 |
Apogee Enterprises, Inc. | 119,591 | 1,842 |
Bowne & Co., Inc. | 119,651 | 1,825 |
* NCI Building Systems, Inc. | 68,601 | 1,660 |
Administaff, Inc. | 66,311 | 1,566 |
* TrueBlue, Inc. | 114,749 | 1,542 |
* Spherion Corp. | 236,661 | 1,448 |
Cascade Corp. | 28,254 | 1,393 |
CDI Corp. | 54,883 | 1,375 |
* Insituform Technologies Inc. Class A | 90,562 | 1,252 |
Vicor Corp. | 81,977 | 979 |
Standex International Corp. | 38,165 | 853 |
Wabash National Corp. | 92,352 | 830 |
* Lydall, Inc. | 69,045 | 791 |
Angelica Corp. | 40,334 | 723 |
* Volt Information Sciences Inc. | 40,633 | 689 |
Applied Signal Technology, Inc. | 50,894 | 600 |
* On Assignment, Inc. | 91,140 | 579 |
* C & D Technologies, Inc. | 109,065 | 548 |
Lawson Products, Inc. | 17,980 | 495 |
* Griffon Corp. | 54,656 | 470 |
* Magnatek, Inc. | 125,420 | 431 |
Gibraltar Industries Inc. | 21,037 | 247 |
* Mesa Air Group Inc. | 33,093 | 78 |
The Standard Register Co. | 9,462 | 74 |
* Frontier Airlines Holdings, Inc. | 3,827 | 10 |
|
||
334,589 | ||
|
||
Information Technology (18.0%) | ||
* FLIR Systems, Inc. | 556,216 | 16,737 |
* Trimble Navigation Ltd. | 430,419 | 12,306 |
* MICROS Systems, Inc. | 340,137 | 11,449 |
* Itron, Inc. | 126,000 | 11,369 |
* ANSYS, Inc. | 324,982 | 11,218 |
* Varian Semiconductor Equipment Associates, Inc. | 332,706 | 9,366 |
FactSet Research Systems Inc. | 164,653 | 8,870 |
* Anixter International Inc. | 132,294 | 8,472 |
* Microsemi Corp. | 319,927 | 7,294 |
* Take-Two Interactive Software, Inc. | 285,747 | 7,292 |
* Informatica Corp. | 366,041 | 6,245 |
* CACI International, Inc. | 129,469 | 5,897 |
* THQ Inc. | 251,834 | 5,490 |
* Plexus Corp. | 194,286 | 5,450 |
* Progress Software Corp. | 171,357 | 5,127 |
* Skyworks Solutions, Inc. | 684,180 | 4,981 |
* Concur Technologies, Inc. | 158,126 | 4,910 |
* Wright Express Corp. | 153,075 | 4,704 |
Blackbaud, Inc. | 185,826 | 4,512 |
* Checkpoint Systems, Inc. | 164,641 | 4,421 |
* ATMI, Inc. | 144,705 | 4,027 |
* j2 Global Communications, Inc. | 180,321 | 4,025 |
Technitrol, Inc. | 170,953 | 3,954 |
* Benchmark Electronics, Inc. | 219,466 | 3,939 |
* MKS Instruments, Inc. | 183,603 | 3,929 |
* CyberSource Corp. | 267,644 | 3,910 |
* Cymer, Inc. | 148,023 | 3,855 |
* Comtech Telecommunications Corp. | 97,654 | 3,809 |
Cognex Corp. | 167,136 | 3,649 |
* ScanSource, Inc. | 99,982 | 3,618 |
* ManTech International Corp. | 77,756 | 3,527 |
MAXIMUS, Inc. | 91,865 | 3,372 |
* Littelfuse, Inc. | 94,297 | 3,298 |
* Insight Enterprises, Inc. | 187,880 | 3,288 |
* Blue Coat Systems, Inc. | 147,558 | 3,252 |
* Cabot Microelectronics Corp. | 99,954 | 3,214 |
* Websense, Inc. | 161,467 | 3,028 |
* SPSS, Inc. | 77,852 | 3,019 |
United Online, Inc. | 280,720 | 2,964 |
* Brooks Automation, Inc. | 295,550 | 2,873 |
* NETGEAR, Inc. | 142,364 | 2,840 |
* FEI Co. | 129,318 | 2,823 |
* Diodes Inc. | 127,392 | 2,798 |
* Standard Microsystem Corp. | 95,126 | 2,776 |
* Harmonic, Inc. | 362,161 | 2,752 |
* Manhattan Associates, Inc. | 112,975 | 2,591 |
* Epicor Software Corp. | 229,677 | 2,572 |
* Rogers Corp. | 74,096 | 2,476 |
MTS Systems Corp. | 76,718 | 2,475 |
* Bankrate, Inc. | 48,788 | 2,434 |
Daktronics, Inc. | 134,364 | 2,406 |
* JDA Software Group, Inc. | 123,477 | 2,253 |
* Ansoft Corp. | 73,185 | 2,234 |
* Sykes Enterprises, Inc. | 126,121 | 2,218 |
Park Electrochemical Corp. | 84,832 | 2,193 |
Quality Systems, Inc. | 71,768 | 2,144 |
* Avid Technology, Inc. | 87,472 | 2,129 |
* Arris Group Inc. | 358,514 | 2,086 |
* Tyler Technologies, Inc. | 145,305 | 2,031 |
* Electro Scientific Industries, Inc. | 122,260 | 2,015 |
* Axcelis Technologies, Inc. | 354,002 | 1,982 |
* Synaptics Inc. | 79,427 | 1,897 |
Methode Electronics, Inc. Class A | 156,957 | 1,835 |
* Secure Computing Corp. | 280,356 | 1,808 |
* FARO Technologies, Inc. | 57,104 | 1,781 |
* Hutchinson Technology, Inc. | 109,686 | 1,745 |
* Phoenix Technologies Ltd. | 109,386 | 1,713 |
* Brightpoint, Inc. | 198,900 | 1,663 |
* Advanced Energy Industries, Inc. | 121,617 | 1,613 |
* Pericom Semiconductor Corp. | 109,373 | 1,606 |
Cohu, Inc. | 95,105 | 1,545 |
* Radiant Systems, Inc. | 109,463 | 1,529 |
* SYNNEX Corp. | 69,633 | 1,478 |
* ViaSat, Inc. | 67,175 | 1,459 |
* EPIQ Systems, Inc. | 93,256 | 1,447 |
* Exar Corp. | 172,873 | 1,423 |
Bel Fuse, Inc. Class B | 49,809 | 1,388 |
* Photronics, Inc. | 143,475 | 1,370 |
* DSP Group Inc. | 105,144 | 1,340 |
* Actel Corp. | 85,406 | 1,307 |
* DealerTrack Holdings Inc. | 64,399 | 1,302 |
* Digi International, Inc. | 106,072 | 1,224 |
Black Box Corp. | 38,096 | 1,175 |
* Adaptec, Inc. | 395,150 | 1,162 |
* Veeco Instruments, Inc. | 63,446 | 1,055 |
* Novatel Wireless, Inc. | 108,514 | 1,050 |
Agilysys, Inc. | 88,968 | 1,032 |
* Ultratech, Inc. | 97,725 | 939 |
* RadiSys Corp. | 92,147 | 930 |
* Gerber Scientific, Inc. | 97,310 | 865 |
Micrel, Inc. | 90,350 | 838 |
* SI International Inc. | 42,301 | 812 |
CTS Corp. | 69,560 | 744 |
* Supertex, Inc. | 35,044 | 715 |
* Newport Corp. | 62,934 | 703 |
* TTM Technologies, Inc. | 60,005 | 679 |
* Kulicke & Soffa Industries, Inc. | 136,080 | 650 |
* Network Equipment Technologies, Inc. | 87,642 | 576 |
* Captaris Inc. | 116,568 | 515 |
Gevity HR, Inc. | 59,209 | 513 |
* Stratasys, Inc. | 26,635 | 474 |
* Startek, Inc. | 47,645 | 439 |
* Symmetricom Inc. | 125,544 | 438 |
* Photon Dynamics, Inc. | 38,308 | 406 |
InfoSpace, Inc. | 32,279 | 373 |
* Kopin Corp. | 135,504 | 360 |
Keithley Instruments Inc. | 31,841 | 309 |
* X-Rite Inc. | 41,851 | 250 |
* Sonic Solutions, Inc. | 24,613 | 238 |
* Perficient, Inc. | 23,473 | 186 |
* Ciber, Inc. | 27,075 | 133 |
* Intevac, Inc. | 8,180 | 106 |
* Rudolph Technologies, Inc. | 9,932 | 97 |
* Ditech Networks Inc. | 26,956 | 79 |
* LoJack Corp. | 3,935 | 50 |
* Mercury Computer Systems, Inc. | 7,580 | 43 |
* Tollgrade Communications, Inc. | 5,646 | 30 |
* PC-Tel, Inc. | 4,069 | 28 |
* The Knot, Inc. | 1,924 | 23 |
* Catapult Communications Corp. | 3,209 | 17 |
* Smith Micro Software, Inc. | 2,646 | 16 |
* Planar Systems, Inc. | 3,209 | 13 |
|
||
328,422 | ||
|
||
Materials (4.1%) | ||
Quanex Corp. | 155,587 | 8,050 |
* Century Aluminum Co. | 112,572 | 7,457 |
* OM Group, Inc. | 117,305 | 6,398 |
Texas Industries, Inc. | 103,816 | 6,240 |
NewMarket Corp. | 54,998 | 4,150 |
* RTI International Metals, Inc. | 86,873 | 3,928 |
H.B. Fuller Co. | 188,627 | 3,850 |
Arch Chemicals, Inc. | 102,016 | 3,801 |
Rock-Tenn Co. | 120,991 | 3,626 |
AMCOL International Corp. | 92,401 | 2,886 |
Deltic Timber Corp. | 47,502 | 2,646 |
* PolyOne Corp. | 387,986 | 2,471 |
A. Schulman Inc. | 102,668 | 2,108 |
* Headwaters Inc. | 143,129 | 1,888 |
* Buckeye Technology, Inc. | 159,653 | 1,782 |
* Brush Engineered Materials Inc. | 65,390 | 1,679 |
Neenah Paper Inc. | 62,359 | 1,608 |
Schweitzer-Mauduit International, Inc. | 65,689 | 1,520 |
Myers Industries, Inc. | 115,310 | 1,514 |
Quaker Chemical Corp. | 42,312 | 1,324 |
Zep, Inc. | 81,002 | 1,314 |
A.M. Castle & Co. | 36,444 | 984 |
Georgia Gulf Corp. | 131,959 | 914 |
Penford Corp. | 38,274 | 832 |
* Omnova Solutions Inc. | 177,911 | 710 |
Wausau Paper Corp. | 52,234 | 431 |
Chesapeake Corp. of Virginia | 23,114 | 111 |
* Material Sciences Corp. | 11,436 | 89 |
Tronox Inc. Class B | 10,351 | 40 |
|
||
74,351 | ||
|
||
Telecommunication Services (0.1%) | ||
FairPoint Communications, Inc. | 165,727 | 1,495 |
* General Communication, Inc. | 148,280 | 910 |
|
||
2,405 | ||
|
||
Utilities (5.0%) | ||
UGI Corp. Holding Co. | 442,863 | 11,036 |
Southern Union Co. | 465,923 | 10,842 |
Atmos Energy Corp. | 371,505 | 9,473 |
Piedmont Natural Gas, Inc. | 309,530 | 8,128 |
New Jersey Resources Corp. | 176,033 | 5,466 |
Cleco Corp. | 242,287 | 5,374 |
Southwest Gas Corp. | 176,823 | 4,944 |
Northwest Natural Gas Co. | 112,494 | 4,887 |
South Jersey Industries, Inc. | 123,088 | 4,322 |
Avista Corp. | 219,592 | 4,295 |
* El Paso Electric Co. | 192,366 | 4,111 |
ALLETE, Inc. | 95,810 | 3,700 |
The Laclede Group, Inc. | 90,440 | 3,222 |
UIL Holdings Corp. | 105,003 | 3,164 |
UniSource Energy Corp. | 136,683 | 3,043 |
American States Water Co. | 71,471 | 2,573 |
CH Energy Group, Inc. | 56,869 | 2,212 |
Central Vermont Public Service Corp. | 42,937 | 1,026 |
91,818 | ||
|
||
Total Common Stocks | ||
(Cost $1,373,130) | 1,823,404 | |
|
||
Temporary Cash Investment (0.0%) | ||
|
||
1 Vanguard Market Liquidity Fund, 2.800% | ||
(Cost $150) | 149,603 | 150 |
|
||
Total Investments (100.0%) | ||
(Cost $1,373,280) | 1,823,554 | |
|
||
Other Assets and Liabilities-Net (0.0%) | (320) | |
|
||
Net Assets (100%) | 1,823,234 | |
|
*
Non-income-producing security.
1
Affiliated money market fund available only to Vanguard funds and certain trusts and
accounts managed by Vanguard. Rate shown is the 7-day yield. REIT Real Estate
Investment Trust.
Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the funds pricing time but after the close of the securities primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that funds net asset value.
At March 31, 2008, the cost of investment securities for tax purposes was $1,373,280,000. Net unrealized appreciation of investment securities for tax purposes was $450,274,000, consisting of unrealized gains of $487,973,000 on securities that had risen in value since their purchase and $37,699,000 in unrealized losses on securities that had fallen in value since their purchase.
In September 2006, the Financial Accounting Standards Board issued Interpretation No. 157 (FAS 157), Fair Value Measurements. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements, effective for the funds current fiscal period.
Various inputs may be used to determine the value of the funds investments. These inputs are summarized in three broad levels:
Level
1 quoted prices in active markets for identical securities.
Level
2 other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3
significant unobservable inputs (including the funds own assumptions used to
determine the fair value of investments).
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At March 31, 2008, 100% of the funds investments were valued based on Level 1 inputs.
Vanguard
Tax-Managed International Fund
Schedule of Investments
March 31, 2008
Shares |
Market
Value ($000) |
|
---|---|---|
|
||
Common Stocks (100.1%) | ||
|
||
Australia (6.0%) | ||
BHP Billiton Ltd. | 877,524 | 28,836 |
Commonwealth Bank of Australia | 347,098 | 13,338 |
National Australia Bank Ltd. | 429,485 | 11,878 |
Westpac Banking Corp., Ltd. | 493,373 | 10,768 |
Australia & New Zealand Bank Group Ltd. | 493,463 | 10,240 |
Woolworths Ltd. | 322,020 | 8,565 |
Rio Tinto Ltd. | 75,248 | 8,453 |
Woodside Petroleum Ltd. | 128,215 | 6,372 |
Wesfarmers Ltd. | 144,989 | 5,331 |
CSL Ltd. | 147,361 | 4,995 |
QBE Insurance Group Ltd. | 229,790 | 4,702 |
Newcrest Mining Ltd. | 120,020 | 3,642 |
AMP Ltd. | 497,221 | 3,579 |
Macquarie Group, Ltd. | 72,807 | 3,515 |
Brambles Ltd. | 379,099 | 3,465 |
Telstra Corp. Ltd. | 781,140 | 3,149 |
Suncorp-Metway Ltd. | 252,656 | 2,994 |
Foster's Group Ltd. | 529,534 | 2,482 |
Orica Ltd. | 82,871 | 2,214 |
Santos Ltd. | 160,748 | 2,138 |
* Fortescue Metals Group Ltd. | 339,604 | 2,028 |
Origin Energy Ltd. | 241,378 | 2,022 |
Tabcorp Holdings Ltd. | 144,929 | 1,880 |
BlueScope Steel Ltd. | 206,935 | 1,877 |
St. George Bank Ltd. | 76,569 | 1,810 |
Transurban Group | 298,522 | 1,776 |
Incitec Pivot Ltd | 13,734 | 1,776 |
Insurance Australia Group Ltd. | 507,827 | 1,709 |
Alumina Ltd. | 317,599 | 1,626 |
Australian Stock Exchange Ltd. | 46,700 | 1,608 |
Amcor Ltd. | 243,327 | 1,592 |
Leighton Holdings Ltd. | 39,468 | 1,553 |
Wesfarmers, Ltd. Price Protected Shares | 40,851 | 1,503 |
Toll Holdings Ltd. | 152,228 | 1,401 |
WorleyParsons Ltd. | 42,880 | 1,314 |
Lend Lease Corp. | 101,950 | 1,239 |
Zinifex Ltd. | 135,112 | 1,233 |
AGL Energy Ltd. | 120,556 | 1,219 |
OneSteel Ltd. | 204,601 | 1,198 |
AXA Asia Pacific Holdings Ltd. | 236,871 | 1,196 |
Sims Group Ltd. | 43,193 | 1,175 |
Oxiana Ltd. | 401,779 | 1,169 |
Coca-Cola Amatil Ltd. | 150,099 | 1,168 |
Sonic Healthcare Ltd. | 89,731 | 1,131 |
* Crown Ltd. | 112,712 | 1,082 |
Telstra Corp. Installment Receipt Exp. 5/29/08 | 414,638 | 1,069 |
Computershare Ltd. | 133,240 | 1,068 |
John Fairfax Holdings Ltd. | 315,574 | 1,007 |
Boral Ltd. | 173,149 | 995 |
Tattersall's Ltd. | 304,163 | 973 |
Qantas Airways Ltd. | 269,097 | 969 |
Babcock & Brown Ltd. | 68,621 | 930 |
Aristocrat Leisure Ltd. | 98,772 | 869 |
Cochlear Ltd. | 16,259 | 818 |
CSR Ltd. | 278,672 | 818 |
James Hardie Industries NV | 135,686 | 777 |
Bendigo Bank Ltd. | 70,944 | 774 |
Lion Nathan Ltd. | 86,422 | 693 |
Goodman Fielder Ltd. | 413,713 | 683 |
Boart Longyear Group | 400,045 | 671 |
Asciano Group | 178,186 | 654 |
Perpetual Trustees Australia Ltd. | 12,459 | 615 |
Macquarie Airports Group | 203,443 | 605 |
Billabong International Ltd. | 50,248 | 598 |
Harvey Norman Holdings Ltd. | 161,040 | 578 |
Caltex Australia Ltd. | 42,810 | 511 |
Sims Group Ltd. ADR | 13,940 | 384 |
Iluka Resources Ltd. | 106,097 | 457 |
Macquarie Communications Infrastructure Group | 80,078 | 309 |
Downer EDI Ltd. | 49,434 | 283 |
Challenger Financial Services Group Ltd. | 150,513 | 254 |
Pacific Brands Ltd. | 134,272 | 249 |
Ansell Ltd. | 22,891 | 244 |
Futuris Corp., Ltd. | 140,423 | 244 |
Paperlinx Ltd. | 88,238 | 223 |
ABC Learning Centres Ltd. | 95,507 | 123 |
|
||
197,386 | ||
|
||
Austria (0.5%) | ||
Erste Bank der Oesterreichischen Sparkassen AG | 51,441 | 3,337 |
OMV AG | 43,925 | 2,903 |
Voestalpine AG | 31,164 | 2,167 |
Raiffeisen International Bank-Holding AG | 14,785 | 2,017 |
Telekom Austria AG | 94,255 | 1,947 |
Oesterreichische Elektrizitaetswirtschafts AG Class A | 21,408 | 1,523 |
Wienerberger AG | 22,378 | 1,187 |
* Meinl European Land Ltd. | 86,910 | 988 |
Vienna Insurance Group | 9,559 | 733 |
Andritz AG | 9,630 | 528 |
Flughafen Wien AG | 2,101 | 253 |
* RHI AG | 4,876 | 196 |
Mayr-Melnhof Karton AG | 1,806 | 182 |
* BETandWIN.com Interactive Entertainment AG | 5,271 | 173 |
18,134 | ||
Belgium (1.2%) | ||
Fortis | 552,453 | 13,882 |
KBC Bank & Verzekerings Holding | 42,578 | 5,522 |
InBev | 47,747 | 4,191 |
Dexia | 141,545 | 4,038 |
Solvay SA | 17,600 | 2,244 |
Delhaize Group | 27,555 | 2,173 |
Belgacom SA | 46,878 | 2,073 |
Umicore | 31,542 | 1,639 |
Colruyt NV | 4,978 | 1,283 |
UCB SA | 32,017 | 1,112 |
Mobistar SA | 9,120 | 825 |
* KBC Ancora | 5,248 | 540 |
Bekaert NV | 2,377 | 346 |
Cofinimmo | 1,451 | 314 |
Compagnie Maritime Belge SA | 3,394 | 228 |
Euronav SA | 5,903 | 224 |
D'Ieteren SA | 519 | 184 |
Barco NV | 2,497 | 179 |
Omega Pharma SA | 3,590 | 166 |
Agfa Gevaert NV | 19,780 | 154 |
|
||
41,317 | ||
|
||
China (0.0%) | ||
Parkson Retail Group Ltd. | 30,500 | 259 |
|
||
Denmark (1.1%) | ||
Novo Nordisk A/S B Shares | 128,488 | 8,842 |
* Vestas Wind Systems A/S | 49,330 | 5,430 |
Danske Bank A/S | 122,080 | 4,521 |
AP Moller-Maersk A/S B Shares | 298 | 3,344 |
FLS Industries A/S B Shares | 14,688 | 1,462 |
Carlsberg A/S B Shares | 10,256 | 1,315 |
* DSV A/S | 56,200 | 1,234 |
* Jyske Bank A/S | 15,235 | 1,029 |
Novozymes A/S | 10,824 | 1,018 |
Danisco A/S | 13,779 | 1,009 |
AP Moller-Maersk A/S A Shares | 83 | 923 |
* Topdanmark A/S | 4,800 | 810 |
Trygvesta A/S | 8,305 | 732 |
Sydbank A/S | 19,519 | 713 |
Coloplast A/S B Shares | 5,875 | 538 |
* William Demant A/S | 5,500 | 441 |
* Rockwool International A/S | 2,444 | 409 |
H. Lundbeck A/S | 10,918 | 274 |
East Asiatic Co. A/S | 3,050 | 268 |
NKT Holding A/S | 3,590 | 260 |
Dampskibsselskabet Torm A/S | 7,270 | 217 |
Bang & Olufsen A/S B Shares | 3,059 | 192 |
* GN Store Nord A/S | 32,367 | 162 |
|
||
35,143 | ||
|
||
Finland (1.9%) | ||
Nokia Oyj | 1,023,132 | 32,301 |
Fortum Oyj | 119,166 | 4,862 |
Sampo Oyj A Shares | 118,396 | 3,210 |
UPM-Kymmene Oyj | 142,161 | 2,529 |
Metso Oyj | 35,240 | 1,904 |
Kone Oyj | 44,274 | 1,819 |
Stora Enso Oyj R Shares | 157,205 | 1,818 |
Wartsila Oyj B Shares | 22,975 | 1,551 |
Outokumpu Oyj A Shares | 32,600 | 1,484 |
Neste Oil Oyj | 37,910 | 1,326 |
Nokian Renkaat Oyj | 29,974 | 1,284 |
Rautaruuki Oyj | 24,170 | 1,168 |
Elisa Oyj Class A | 42,093 | 1,051 |
YIT Oyj | 36,512 | 1,038 |
Kesko Oyj | 19,160 | 992 |
Pohjola Bank PLC | 31,652 | 596 |
Cargotec Corp. | 12,057 | 594 |
Orion Oyj | 26,700 | 579 |
SanomaWSOY Oyj | 18,119 | 501 |
KCI Konecranes Oyj | 9,250 | 357 |
TietoEnator Oyj B Shares | 12,255 | 303 |
Amer Sports Oyj A Shares | 14,621 | 294 |
Uponor Oyj | 11,290 | 265 |
|
||
61,826 | ||
|
||
France (10.2%) | ||
Total SA | 563,481 | 41,745 |
BNP Paribas SA | 214,458 | 21,624 |
Sanofi-Aventis | 268,284 | 20,122 |
Suez SA | 271,474 | 17,794 |
France Telecom SA | 476,635 | 16,013 |
AXA | 415,224 | 15,017 |
Carrefour SA | 156,164 | 12,050 |
Vivendi SA | 303,285 | 11,863 |
* Groupe Danone | 114,049 | 10,198 |
Societe Generale Class A | 100,334 | 9,818 |
* Air Liquide SA | 62,495 | 9,531 |
L'Oreal SA | 64,379 | 8,174 |
Vinci SA | 106,968 | 7,738 |
Schneider Electric SA | 57,987 | 7,491 |
LVMH Louis Vuitton Moet Hennessy | 63,784 | 7,096 |
Lafarge SA | 38,790 | 6,740 |
Veolia Environnement | 91,079 | 6,356 |
Cie. de St. Gobain SA | 73,048 | 5,970 |
Alstom | 26,051 | 5,643 |
Renault SA | 49,449 | 5,474 |
Credit Agricole SA | 176,099 | 5,445 |
Pernod Ricard SA | 46,605 | 4,802 |
Unibail Co. | 17,442 | 4,485 |
Compagnie Generale des Etablissements Michelin SA | 38,402 | 4,022 |
Accor SA | 52,068 | 3,802 |
Bouygues SA | 58,438 | 3,717 |
Essilor International SA | 53,207 | 3,477 |
Gaz de France | 53,153 | 3,210 |
PSA Peugeot Citroen | 40,822 | 3,168 |
Pinault-Printemps-Redoute SA | 20,679 | 3,066 |
Vallourec SA | 12,638 | 3,065 |
Alcatel-Lucent | 478,050 | 2,736 |
Lagardere S.C.A. | 34,375 | 2,576 |
Electricite de France | 25,752 | 2,240 |
Hermes International | 17,845 | 2,231 |
* Societe Generale - New | 22,747 | 2,189 |
Technip SA | 27,795 | 2,165 |
Cap Gemini SA | 35,959 | 2,048 |
STMicroelectronics NV | 174,447 | 1,858 |
* Compagnie Generale de Geophysique SA | 7,190 | 1,788 |
Thales SA | 24,909 | 1,612 |
CNP Assurances | 12,612 | 1,555 |
Publicis Groupe SA | 39,552 | 1,513 |
Sodexho Alliance SA | 24,194 | 1,487 |
Casino Guichard-Perrachon SA | 12,176 | 1,460 |
Klepierre | 19,544 | 1,200 |
SCOR SA | 49,215 | 1,172 |
Air France | 38,938 | 1,095 |
* Atos Origin SA | 19,614 | 1,092 |
Dassault Systemes SA | 17,140 | 997 |
Safran SA | 48,514 | 995 |
Aeroports de Paris (ADP) | 8,613 | 982 |
Neopost SA | 8,109 | 909 |
* ICADE | 5,904 | 882 |
Christian Dior SA | 7,824 | 867 |
Natixis | 52,220 | 838 |
Valeo SA | 20,537 | 815 |
Imerys SA | 7,682 | 704 |
Societe des Autoroutes Paris-Rhin-Rhone | 5,803 | 702 |
Societe Television Francaise 1 | 28,994 | 639 |
Gecina SA | 3,940 | 587 |
PagesJaunes SA | 30,208 | 538 |
Wendel Investissement | 4,018 | 504 |
Zodiac SA | 9,736 | 478 |
JCDecaux SA | 15,680 | 462 |
Eiffage SA | 4,671 | 454 |
Neuf Cegetel | 7,495 | 417 |
M6 Metropole Television | 17,411 | 388 |
Societe BIC SA | 6,124 | 378 |
Legrand SA | 11,594 | 364 |
Thomson SA | 5,311 | 37 |
Alcatel-Lucent ADR | 701 | 4 |
|
||
334,674 | ||
|
||
Germany (9.1%) | ||
E.On AG | 162,873 | 30,136 |
Siemens AG | 227,007 | 24,619 |
Allianz AG | 117,683 | 23,270 |
DaimlerChrysler AG (Registered) | 245,496 | 20,984 |
BASF AG | 128,055 | 17,225 |
Bayer AG | 189,469 | 15,176 |
Deutsche Bank AG | 132,335 | 14,956 |
RWE AG | 116,058 | 14,266 |
Deutsche Telekom AG | 747,815 | 12,425 |
Volkswagen AG | 41,215 | 11,940 |
SAP AG | 227,247 | 11,291 |
Muenchener Rueckversicherungs-Gesellschaft AG (Registered) | 54,303 | 10,641 |
Deutsche Boerse AG | 52,301 | 8,429 |
Deutsche Post AG | 203,864 | 6,226 |
ThyssenKrupp AG | 94,001 | 5,397 |
Commerzbank AG | 165,926 | 5,188 |
Volkswagen AG Pfd. | 28,061 | 4,665 |
Linde AG | 32,242 | 4,542 |
Porsche AG | 23,591 | 4,310 |
Continental AG | 40,964 | 4,170 |
Man AG | 29,866 | 3,966 |
Adidas AG | 54,357 | 3,587 |
Metro AG | 42,651 | 3,445 |
K+S AG | 9,585 | 3,118 |
Fresenius Medical Care AG | 51,349 | 2,584 |
Bayerische Motoren Werke AG | 42,476 | 2,342 |
Henkel KGaA Pfd. | 49,030 | 2,263 |
Deutsche Postbank AG | 22,412 | 2,141 |
Merck KGaA | 16,783 | 2,067 |
Beiersdorf AG | 24,526 | 2,062 |
Salzgitter AG | 11,281 | 1,965 |
Deutsche Lufthansa AG | 57,909 | 1,568 |
* TUI AG | 59,654 | 1,531 |
* Infineon Technologies AG | 204,501 | 1,432 |
* Q-Cells AG | 12,485 | 1,244 |
Celesio AG | 23,900 | 1,183 |
Henkel KGaA | 26,593 | 1,130 |
RWE AG Pfd. | 11,105 | 1,053 |
Solarworld AG | 21,340 | 1,019 |
Hochtief AG | 10,775 | 986 |
Fresenius AG Pfd. | 9,494 | 791 |
Bilfinger Berger AG | 9,129 | 785 |
Puma AG | 1,959 | 754 |
IVG Immobilien AG | 26,580 | 743 |
Rheinmetall AG | 9,096 | 642 |
HeidelbergerCement AG | 2,895 | 497 |
Hypo Real Estate Holding AG | 18,837 | 489 |
Heidelberger Druckmaschinen AG | 17,997 | 484 |
* Arcandor AG | 21,898 | 437 |
ProSieben Sat.1 Media AG | 20,037 | 433 |
Wacker Chemie AG | 1,905 | 390 |
Wincor Nixdorf AG | 4,714 | 376 |
* Bayerische Motoren Werke (BMW) | 6,372 | 280 |
Fraport AG | 3,537 | 255 |
* Premier AG | 11,535 | 249 |
Douglas Holding AG | 4,522 | 246 |
Altana AG | 11,472 | 242 |
Suedzucker AG | 9,950 | 221 |
MLP AG | 11,113 | 159 |
|
||
299,015 | ||
|
||
Greece (0.8%) | ||
Alpha Credit Bank SA | 107,358 | 3,563 |
National Bank of Greece SA | 57,596 | 3,032 |
National Bank of Greece SA ADR | 281,749 | 2,975 |
Bank of Piraeus | 87,192 | 2,684 |
EFG Eurobank Ergasias | 80,851 | 2,459 |
Coca-Cola Hellenic Bottling Co. SA | 45,050 | 2,104 |
Hellenic Telecommunications Organization SA ADR | 137,697 | 1,940 |
Greek Organization of Football Prognostics | 53,812 | 1,919 |
* GEA Group AG | 40,955 | 1,379 |
Public Power Corp. | 29,900 | 1,308 |
Titan Cement Co. SA | 18,480 | 786 |
Hellenic Telecommunications Organization SA | 21,242 | 602 |
Hellenic Petroleum SA | 36,190 | 477 |
Hellenic Technodomiki Tev SA | 24,106 | 295 |
Hellenic Exchanges SA | 12,100 | 288 |
Viohalco, Hellenic Copper & Aluminum Industry SA | 27,360 | 283 |
Motor Oil (Hellas) Corinth Refineries SA | 11,340 | 239 |
Folli-Follie SA | 5,460 | 183 |
|
||
26,516 | ||
|
||
Hong Kong (2.2%) | ||
Cheung Kong Holdings Ltd. | 401,500 | 5,780 |
Sun Hung Kai Properties Ltd. | 359,064 | 5,670 |
Hutchison Whampoa Ltd. | 554,512 | 5,274 |
Hong Kong Exchanges & Clearing Ltd. | 285,000 | 4,951 |
Hang Seng Bank Ltd. | 199,243 | 3,633 |
Esprit Holdings Ltd. | 276,472 | 3,355 |
CLP Holdings Ltd. | 352,432 | 2,916 |
Hong Kong & China Gas Co., Ltd. | 934,394 | 2,827 |
Swire Pacific Ltd. A Shares | 229,088 | 2,596 |
Hong Kong Electric Holdings Ltd. | 371,600 | 2,358 |
Boc Hong Kong Holdings Ltd. | 951,500 | 2,312 |
Li & Fung Ltd. | 576,835 | 2,161 |
Henderson Land Development Co. Ltd. | 299,006 | 2,155 |
Hang Lung Properties Ltd. | 568,810 | 2,042 |
Wharf Holdings Ltd. | 392,741 | 1,867 |
Bank of East Asia Ltd. | 366,949 | 1,851 |
New World Development Co., Ltd. | 674,750 | 1,660 |
Tencent Holdings Ltd. | 226,200 | 1,305 |
MTR Corp. | 374,000 | 1,294 |
Kerry Properties Ltd. | 195,500 | 1,193 |
Shangri-La Asia Ltd. | 350,510 | 956 |
Sino Land Co. | 421,000 | 921 |
Cathay Pacific Airways Ltd. | 408,770 | 807 |
Hopewell Holdings Ltd. | 172,000 | 657 |
* Pacific Basin Shipping Ltd. | 393,000 | 654 |
Hang Lung Development Co., Ltd. | 135,000 | 645 |
PCCW Ltd. | 1,016,000 | 642 |
Wing Hang Bank Ltd. | 42,000 | 640 |
Kingboard Chemical Holdings Ltd. | 176,000 | 627 |
Belle International Holdings Ltd. | 572,000 | 599 |
Hysan Development Co., Ltd. | 198,000 | 561 |
Shui On Land Ltd. | 579,500 | 549 |
Tingyi Holding Corp. | 412,350 | 543 |
Hutchison Telecommunications International Ltd. | 379,000 | 541 |
Yue Yuen Industrial (Holdings) Ltd. | 165,500 | 522 |
Shun Tak Holdings Ltd. | 384,000 | 511 |
* Lifestyle International Holdings, Ltd. | 202,000 | 432 |
Wheelock and Co. Ltd. | 153,000 | 431 |
Cheung Kong Infrastructure Holdings Ltd. | 106,000 | 428 |
Orient Overseas International Ltd. | 69,300 | 409 |
* Fosun International | 534,500 | 365 |
Television Broadcasts Ltd. | 67,000 | 361 |
* C C Land Holdings Ltd. | 371,000 | 360 |
Chinese Estates Holdings | 221,000 | 346 |
ASM Pacific Technology Ltd. | 47,000 | 341 |
Hong Kong Aircraft & Engineering Co., Ltd. | 19,600 | 325 |
* NWS Holdings Ltd. | 86,000 | 292 |
Melco International Development Corp. | 181,000 | 254 |
* Genting International PLC | 568,000 | 249 |
Lee & Man Paper Manufacturing Ltd. | 90,800 | 147 |
Giordano International Ltd. | 337,000 | 136 |
CITIC International Financial Holdings Ltd. | 97,000 | 50 |
* Foxconn International Holdings Ltd. | 24,000 | 33 |
|
||
72,534 | ||
|
||
Ireland (0.7%) | ||
CRH PLC | 139,923 | 5,310 |
Allied Irish Banks PLC | 235,184 | 5,014 |
Bank of Ireland | 264,632 | 3,944 |
* Elan Corp. PLC | 127,671 | 2,719 |
Irish Life & Permanent PLC | 77,502 | 1,512 |
Anglo Irish Bank Corp. PLC | 104,156 | 1,400 |
Kerry Group PLC A Shares | 36,698 | 1,152 |
Kingspan Group PLC | 41,327 | 551 |
* Ryanair Holdings PLC | 119,461 | 528 |
IAWS Group PLC | 21,405 | 501 |
* Smurfit Kappa Group PLC | 38,312 | 462 |
DCC PLC | 12,529 | 296 |
Paddy Power PLC | 7,765 | 287 |
Greencore Group PLC | 37,112 | 219 |
|
||
23,895 | ||
|
||
Italy (4.0%) | ||
Eni SpA | 684,409 | 23,297 |
Unicredito Italiano SpA | 2,468,828 | 16,542 |
Intesa Sanpaolo SpA | 2,033,520 | 14,347 |
Assicurazioni Generali SpA | 275,894 | 12,418 |
Enel SpA | 1,142,034 | 12,128 |
Telecom Italia SpA | 2,843,091 | 5,927 |
Fiat SpA | 189,890 | 4,400 |
Unione Di Banche Italiane ScpA | 162,676 | 4,172 |
* Banco Popolare SpA | 171,671 | 2,846 |
Finmeccanica SpA | 81,259 | 2,767 |
Mediobanca Banca di Credito Finanziaria SpA | 134,010 | 2,751 |
Telecom Italia SpA RNC | 1,641,932 | 2,713 |
Atlantia SpA | 70,607 | 2,137 |
Mediaset SpA | 200,545 | 1,858 |
Parmalat SpA | 441,854 | 1,699 |
Intesa Sanpaolo SpA Non Convertible Risp. | 257,601 | 1,697 |
Snam Rete Gas SpA | 246,354 | 1,568 |
Alleanza Assicurazioni SpA | 115,201 | 1,506 |
Saipem SpA | 36,400 | 1,476 |
Terna SpA | 340,916 | 1,456 |
Banca Monte dei Paschi di Siena SpA | 316,150 | 1,401 |
Banca Popolare di Milano SpA | 119,562 | 1,314 |
Luxottica Group SpA | 37,698 | 949 |
Fondiaria - Sai SpA | 20,868 | 865 |
* Prysmian SpA | 39,791 | 850 |
Pirelli & C. Accomandita per Azioni SpA | 882,218 | 773 |
Unipol Gruppo Finanziario SpA Pfd. | 263,064 | 756 |
A2A SpA | 188,943 | 695 |
Lottomatica SpA | 21,544 | 671 |
Bulgari SpA | 47,054 | 546 |
Autogrill SpA | 34,389 | 514 |
Italcementi SpA | 25,207 | 512 |
Mediolanum SpA | 79,943 | 490 |
IFIL Investments SpA | 59,548 | 481 |
Banca Carige SpA | 99,200 | 391 |
Unipol Gruppo Finanziario SpA | 106,405 | 331 |
Italcementi SpA Risp. | 21,355 | 310 |
Seat Pagine Gialle SpA | 1,231,404 | 213 |
Mondadori (Arnoldo) Editore SpA | 22,267 | 188 |
Pirelli & C. RNC | 725 | 1 |
|
||
129,956 | ||
|
||
Japan (20.3%) | ||
Toyota Motor Corp. | 711,287 | 35,940 |
Mitsubishi UFJ Financial Group | 2,269,680 | 19,855 |
Nintendo Co. | 25,900 | 13,551 |
Canon, Inc. | 278,133 | 12,973 |
Honda Motor Co., Ltd. | 407,000 | 11,756 |
Sumitomo Mitsui Financial Group, Inc. | 1,727 | 11,475 |
Matsushita Electric Industrial Co., Ltd. | 517,153 | 11,241 |
Takeda Pharmaceutical Co. Ltd. | 220,094 | 11,049 |
Mitsubishi Corp. | 353,050 | 10,802 |
Sony Corp. | 261,500 | 10,518 |
Mitsui & Co., Ltd. | 451,000 | 9,255 |
Mizuho Financial Group, Inc. | 2,389 | 8,825 |
Tokyo Electric Power Co. | 316,770 | 8,521 |
Nippon Steel Corp. | 1,510,970 | 7,725 |
Mitsubishi Estate Co., Ltd. | 313,000 | 7,671 |
East Japan Railway Co. | 896 | 7,471 |
Millea Holdings, Inc. | 193,200 | 7,189 |
Nomura Holdings Inc. | 468,800 | 7,058 |
JFE Holdings, Inc. | 152,300 | 6,813 |
Komatsu Ltd. | 234,200 | 6,594 |
NTT DoCoMo, Inc. | 4,258 | 6,492 |
Nippon Telegraph and Telephone Corp. | 1,382 | 5,986 |
Japan Tobacco, Inc. | 1,171 | 5,858 |
Daiichi Sankyo Co., Ltd. | 186,863 | 5,544 |
Shin-Etsu Chemical Co., Ltd. | 106,400 | 5,540 |
Seven and I Holdings Co., Ltd. | 213,420 | 5,416 |
Toshiba Corp. | 803,000 | 5,397 |
Hitachi Ltd. | 884,000 | 5,278 |
Kansai Electric Power Co., Inc. | 200,450 | 5,015 |
Astellas Pharma Inc. | 127,614 | 5,012 |
Nissan Motor Co., Ltd. | 596,200 | 4,998 |
Fanuc Co., Ltd. | 50,800 | 4,873 |
Fuji Photo Film Co., Ltd. | 128,100 | 4,579 |
Sharp Corp. | 264,000 | 4,531 |
Mitsui Fudosan Co., Ltd. | 223,000 | 4,486 |
Mitsubishi Electric Corp. | 512,000 | 4,471 |
Central Japan Railway Co. | 415 | 4,312 |
Chubu Electric Power Co. | 171,000 | 4,291 |
Denso Corp. | 126,100 | 4,111 |
Sumitomo Metal Industries Ltd. | 1,055,000 | 4,042 |
Kirin Brewery Co., Ltd. | 212,000 | 4,041 |
KDDI Corp. | 642 | 3,949 |
Kao Corp. | 136,401 | 3,881 |
Itochu Corp. | 388,000 | 3,880 |
Sumitomo Corp. | 284,800 | 3,796 |
Kyocera Corp. | 43,400 | 3,679 |
Mitsubishi Heavy Industries Ltd. | 843,000 | 3,640 |
Softbank Corp. | 196,000 | 3,592 |
Mitsui OSK Lines Ltd. | 282,000 | 3,450 |
Fujitsu Ltd. | 491,000 | 3,247 |
Marubeni Corp. | 428,000 | 3,149 |
Mitsui Sumitomo Insurance Co. | 312,880 | 3,141 |
Daiwa Securities Group Inc. | 357,000 | 3,118 |
Daikin Industries Ltd. | 68,500 | 2,986 |
Ricoh Co. | 179,000 | 2,962 |
Murata Manufacturing Co., Ltd. | 57,300 | 2,874 |
Bridgestone Corp. | 163,031 | 2,813 |
Nippon Yusen Kabushiki Kaisha Co. | 294,000 | 2,788 |
Secom Co., Ltd. | 56,300 | 2,770 |
Tohoku Electric Power Co. | 112,800 | 2,761 |
Sumitomo Metal Mining Co. | 146,000 | 2,756 |
Tokyo Electron Ltd. | 44,400 | 2,721 |
T & D Holdings, Inc. | 50,990 | 2,704 |
Asahi Glass Co., Ltd. | 243,035 | 2,697 |
Sumitomo Chemical Co. | 414,000 | 2,672 |
Dai-Nippon Printing Co., Ltd. | 166,000 | 2,654 |
Hoya Corp. | 110,800 | 2,618 |
Resona Holdings Inc. | 1,554 | 2,607 |
Kyushu Electric Power Co., Inc. | 102,900 | 2,525 |
Inpex Holdings, Inc. | 223 | 2,519 |
Sumitomo Electric Industries Ltd. | 197,000 | 2,518 |
Shiseido Co., Ltd. | 90,000 | 2,396 |
Nikon Corp. | 88,000 | 2,355 |
Toray Industries, Inc. | 357,000 | 2,340 |
Terumo Corp. | 43,800 | 2,305 |
Asahi Breweries Ltd. | 111,500 | 2,302 |
Tokyo Gas Co., Ltd. | 563,000 | 2,295 |
Keyence Corp. | 9,771 | 2,274 |
Sumitomo Trust & Banking Co., Ltd. | 323,000 | 2,238 |
Eisai Co., Ltd. | 64,900 | 2,235 |
Bank of Yokohama Ltd. | 317,000 | 2,169 |
Osaka Gas Co., Ltd. | 540,000 | 2,169 |
Yahoo Japan Corp. | 4,083 | 2,146 |
NEC Corp. | 548,400 | 2,124 |
Aeon Co., Ltd. | 170,973 | 2,060 |
West Japan Railway Co. | 462 | 2,046 |
Mitsubishi Chemical Holdings Corp. | 305,500 | 2,035 |
Sompo Japan Insurance Inc. | 228,000 | 2,033 |
Nippon Oil Corp. | 321,000 | 2,025 |
Kobe Steel Ltd. | 687,000 | 1,981 |
Olympus Corp. | 65,000 | 1,978 |
TDK Corp. | 33,000 | 1,965 |
Aisin Seiki Co., Ltd. | 51,600 | 1,946 |
Yamada Denki Co., Ltd. | 22,260 | 1,941 |
Shizuoka Bank Ltd. | 161,000 | 1,913 |
Ajinomoto Co., Inc. | 183,000 | 1,864 |
Toppan Printing Co., Ltd. | 157,000 | 1,836 |
Kubota Corp. | 294,000 | 1,833 |
Konica Minolta Holdings, Inc. | 131,500 | 1,809 |
Nitto Denko Corp. | 42,500 | 1,807 |
Nidec Corp. | 29,200 | 1,802 |
Rohm Co., Ltd. | 27,200 | 1,700 |
Japan Steel Works Ltd. | 97,513 | 1,679 |
SMC Corp. | 15,300 | 1,625 |
Asahi Kasei Corp. | 307,000 | 1,614 |
Kintetsu Corp. | 448,190 | 1,605 |
Yamato Holdings Co., Ltd. | 107,000 | 1,572 |
Kawasaki Kisen Kaisha Ltd. | 160,000 | 1,571 |
Tokyu Corp. | 301,000 | 1,536 |
Nippon Electric Glass Co., Ltd. | 97,500 | 1,531 |
Shionogi & Co., Ltd. | 84,000 | 1,445 |
Chiba Bank Ltd. | 211,000 | 1,444 |
Electric Power Development Co., Ltd. | 39,640 | 1,437 |
NTT Data Corp. | 317 | 1,396 |
Hankyu Corp. | 318,304 | 1,386 |
Ibiden Co., Ltd. | 34,900 | 1,384 |
Daiwa House Industry Co., Ltd. | 137,000 | 1,368 |
Nippon Mining Holdings Inc. | 251,000 | 1,349 |
NGK Insulators Ltd. | 75,000 | 1,342 |
Odakyu Electric Railway Co. | 178,000 | 1,325 |
Nippon Express Co., Ltd. | 229,000 | 1,325 |
Mitsui Trust Holding Inc. | 217,100 | 1,323 |
Mitsubishi Materials Corp. | 295,000 | 1,295 |
Credit Saison Co., Ltd. | 45,400 | 1,274 |
Sekisui House Ltd. | 135,859 | 1,269 |
Dentsu Inc. | 549 | 1,261 |
Toyota Tsusho Corp. | 58,293 | 1,252 |
Tobu Railway Co., Ltd. | 233,000 | 1,250 |
Kuraray Co., Ltd. | 102,000 | 1,226 |
Trend Micro Inc. | 31,000 | 1,223 |
Fast Retailing Co., Ltd. | 13,600 | 1,212 |
Suzuki Motor Corp. | 47,400 | 1,206 |
Mitsui Chemicals, Inc. | 179,000 | 1,200 |
Omron Corp. | 57,900 | 1,200 |
Hokkaido Electric Power Co., Ltd. | 50,900 | 1,187 |
Daito Trust Construction Co., Ltd. | 22,400 | 1,156 |
Fukuoka Financial Group, Inc. | 218,800 | 1,147 |
JS Group Corp. | 74,312 | 1,126 |
Sojitz Holdings Corp. | 333,700 | 1,117 |
OJI Paper Co., Ltd. | 242,000 | 1,099 |
Rakuten, Inc. | 1,805 | 1,087 |
Hirose Electric Co., Ltd. | 9,600 | 1,086 |
Kurita Water Industries Ltd. | 29,000 | 1,082 |
Advantest Corp. | 41,000 | 1,076 |
Stanley Electric Co. | 43,600 | 1,074 |
Teijin Ltd. | 252,000 | 1,068 |
Sumitomo Realty & Development Co. | 59,000 | 1,051 |
JSR Corp. | 46,100 | 1,050 |
Showa Denko K.K. | 305,000 | 1,030 |
Casio Computer Co. | 68,600 | 1,019 |
Bank of Kyoto Ltd. | 83,000 | 1,019 |
Takashimaya Co. | 87,860 | 995 |
Makita Corp. | 31,400 | 991 |
Yamaha Motor Co., Ltd. | 52,500 | 976 |
Benesse Corp. | 20,600 | 972 |
Matsushita Electric Works, Ltd. | 93,000 | 965 |
Joyo Bank Ltd. | 188,000 | 962 |
Hokuhoku Financial Group, Inc. | 317,100 | 960 |
Seiko Epson Corp. | 35,300 | 951 |
Sony Financial Holdings, Inc. | 232 | 942 |
Sankyo Co., Ltd. | 15,700 | 937 |
JGC Corp. | 61,000 | 936 |
Keio Electric Railway Co., Ltd. | 167,000 | 936 |
Sumitomo Heavy Industries Ltd. | 142,000 | 926 |
Yamaha Corp. | 47,900 | 925 |
Shinsei Bank, Ltd. | 280,014 | 925 |
* Elpida Memory Inc. | 27,300 | 921 |
* Sanyo Electric Co., Ltd. | 425,000 | 905 |
Isuzu Motors Ltd. | 179,000 | 900 |
JTEKT Corp. | 54,100 | 893 |
Toyo Seikan Kaisha Ltd. | 46,500 | 890 |
Konami Corp. | 23,300 | 888 |
Marui Co., Ltd. | 82,700 | 886 |
Nissin Food Products Co., Ltd. | 26,000 | 877 |
NSK Ltd. | 114,000 | 868 |
Tokyu Land Corp. | 135,000 | 860 |
Keihin Electric Express Railway Co., Ltd. | 125,000 | 853 |
Nomura Research Institute, Ltd. | 32,100 | 845 |
Citizen Watch Co., Ltd. | 98,400 | 840 |
Gunma Bank Ltd. | 116,000 | 836 |
Namco Bandai Holdings Inc. | 60,800 | 828 |
Lawson Inc. | 18,500 | 822 |
* Mitsubishi Motors Corp. | 494,000 | 817 |
Sekisui Chemical Co. | 134,000 | 815 |
Kawasaki Heavy Industries Ltd. | 358,000 | 804 |
Chugai Pharmaceutical Co., Ltd. | 70,700 | 802 |
Yakult Honsha Co., Ltd. | 25,700 | 800 |
Toho Co., Ltd. | 34,000 | 798 |
Shimizu Corp. | 172,000 | 797 |
Nisshin Steel Co. | 228,000 | 797 |
Chugoku Electric Power Co., Ltd. | 35,400 | 792 |
Toto Ltd. | 83,000 | 790 |
Nippon Sheet Glass Co., Ltd. | 175,000 | 785 |
Tanabe Seiyaku Co., Ltd. | 67,000 | 785 |
NTN Corp. | 114,000 | 785 |
The Hachijuni Bank Ltd. | 121,600 | 779 |
The Suruga Bank, Ltd. | 61,000 | 776 |
Ube Industries Ltd. | 237,000 | 774 |
All Nippon Airways Co., Ltd. | 175,000 | 773 |
Shimano, Inc. | 16,300 | 758 |
Taisho Pharmaceutical Co. | 38,000 | 756 |
Ohbayashi Corp. | 177,000 | 750 |
Kajima Corp. | 259,000 | 744 |
Uni-Charm Corp. | 10,100 | 741 |
Mitsubishi Gas Chemical Co. | 103,000 | 736 |
The Hiroshima Bank, Ltd. | 149,200 | 726 |
Ono Pharmaceutical Co., Ltd. | 14,800 | 723 |
Taisei Corp. | 281,000 | 722 |
Kyowa Hakko Kogyo Co. | 75,000 | 720 |
TonenGeneral Sekiyu K.K. | 83,000 | 713 |
Amada Co., Ltd. | 92,000 | 704 |
Oriental Land Co., Ltd. | 11,900 | 700 |
* Japan Airlines System Co. | 268,000 | 699 |
Fuji Electric Holdings Co., Ltd. | 168,000 | 687 |
J. Front Retailing Co., Ltd. | 106,200 | 685 |
Yokogawa Electric Corp. | 66,700 | 678 |
Shikoku Electric Power | 22,600 | 674 |
SBI Holdings, Inc. | 2,784 | 674 |
* Jupiter Telecommunications Co., Ltd. | 711 | 669 |
Nipponkoa Insurance Co., Ltd. | 86,000 | 663 |
Susuken Co., Ltd. | 16,060 | 663 |
Hitachi Construction Machinery Co. | 26,000 | 659 |
Toyoda Gosei Co., Ltd. | 17,200 | 654 |
Nippon Meat Packers, Inc. | 44,000 | 653 |
Mitsumi Electric Co., Ltd. | 20,300 | 647 |
Promise Co., Ltd. | 22,317 | 645 |
THK Co., Inc. | 37,100 | 644 |
NOK Corp. | 31,200 | 643 |
Taiheiyo Cement Corp. | 263,000 | 641 |
MEDICEO Holdings Co., Ltd. | 35,100 | 640 |
FamilyMart Co., Ltd. | 17,500 | 635 |
NGK Spark Plug Co. | 48,000 | 628 |
Sapporo Hokuyo Holdings, Inc. | 89 | 626 |
IHI Corp. | 321,000 | 622 |
Tokyo Tatemono Co., Ltd. | 93,000 | 618 |
Furukawa Electric Co. | 188,000 | 613 |
Leopalace21 Corp. | 37,800 | 613 |
77 Bank Ltd. | 108,000 | 609 |
Isetan Co. | 53,000 | 606 |
Mitsui Engineering & Shipbuilding Co., Ltd. | 223,000 | 604 |
Yaskawa Electric Corp. | 63,000 | 603 |
Sumco Corp. | 27,060 | 597 |
Haseko Corp. | 392,922 | 586 |
Nisshin Seifun Group Inc. | 53,900 | 581 |
Showa Shell Sekiyu K.K. | 56,800 | 579 |
Toyota Boshoku Corp. | 19,100 | 577 |
AEON Mall Co., Ltd. | 20,400 | 573 |
The Nishi-Nippon City Bank, Ltd. | 211,000 | 559 |
Nippon Sanso Corp. | 69,000 | 559 |
Kikkoman Corp. | 44,000 | 547 |
Santen Pharmaceutical Co., Ltd. | 23,100 | 539 |
Mazda Motor Corp. | 150,000 | 537 |
Acom Co., Ltd. | 20,070 | 535 |
Mitsui Mining & Smelting Co., Ltd. | 168,000 | 533 |
Alfresa Holdings Corp. | 6,700 | 532 |
Mitsubishi Rayon Co., Ltd. | 161,000 | 520 |
Yamato Kogyo Co., Ltd. | 12,700 | 518 |
Idemitsu Kosan Co. Ltd. | 6,609 | 516 |
Ushio Inc. | 27,100 | 513 |
Sapporo Holdings Ltd. | 62,000 | 512 |
Kamigumi Co., Ltd. | 64,000 | 512 |
Minebea Co., Ltd. | 86,000 | 509 |
Hokuriku Electric Power Co. | 21,300 | 504 |
Keisei Electric Railway Co., Ltd. | 93,000 | 503 |
Alps Electric Co., Ltd. | 50,000 | 501 |
Nitori Co., Ltd. | 8,800 | 500 |
Mitsubishi Logistics Corp. | 38,000 | 492 |
Hitachi Chemical Co., Ltd. | 25,500 | 485 |
Dai-Nippon Ink & Chemicals, Inc. | 153,000 | 484 |
Pioneer Corp. | 47,600 | 478 |
Shinko Securities Co., Ltd. | 162,000 | 476 |
Kaneka Corp. | 75,000 | 474 |
Mitsukoshi, Ltd. | 121,000 | 472 |
SBI E*Trade Securities Co., Ltd. | 537 | 469 |
Hino Motors, Ltd. | 69,000 | 460 |
Shimamura Co., Ltd. | 5,300 | 456 |
Sumitomo Rubber Industries Ltd. | 59,000 | 454 |
CSK Corp. | 19,500 | 454 |
Asics Corp. | 38,596 | 448 |
Hakuhodo DY Holdings Inc. | 7,400 | 446 |
Dowa Mining Co., Ltd. | 74,000 | 446 |
Chiyoda Corp. | 48,000 | 439 |
Diamond Lease Co., Ltd. | 12,550 | 439 |
Meiji Dairies Corp. | 72,000 | 436 |
Canon Sales Co. Inc. | 23,000 | 435 |
Aioi Insurance Co., Ltd. | 77,000 | 432 |
Cosmo Oil Co., Ltd. | 136,000 | 431 |
Onward Kashiyama Co., Ltd. | 42,000 | 431 |
Oracle Corp. Japan | 9,200 | 428 |
Okuma Corp. | 39,373 | 427 |
Brother Industries Ltd. | 40,700 | 423 |
Uny Co., Ltd. | 44,000 | 422 |
Fujikura Ltd. | 92,000 | 418 |
Coca-Cola West Japan Co., Ltd. | 16,900 | 410 |
USS Co., Ltd. | 5,870 | 409 |
Mabuchi Motor Co. | 8,400 | 409 |
Tosoh Corp. | 117,000 | 407 |
Daido Steel Co., Ltd. | 78,000 | 406 |
Square Enix Co., Ltd. | 11,500 | 404 |
Aozora Bank, Ltd. | 134,000 | 401 |
Daihatsu Motor Co., Ltd. | 33,000 | 399 |
Tokuyama Corp. | 54,000 | 397 |
Aeon Credit Service Co. Ltd. | 29,310 | 395 |
Tokai Rika Co., Ltd. | 14,900 | 391 |
Fuji Heavy Industries Ltd. | 89,000 | 377 |
Daicel Chemical Industries Ltd. | 72,000 | 374 |
Nissan Chemical Industries, Ltd. | 35,000 | 373 |
NHK Spring Co. | 51,000 | 364 |
Denki Kagaku Kogyo K.K. | 112,000 | 356 |
Kinden Corp. | 37,000 | 355 |
Taiyo Yuden Co., Ltd. | 36,000 | 354 |
JAFCO Co., Ltd. | 10,500 | 353 |
Tokyo Steel Manufacturing Co. | 25,500 | 350 |
Kansai Paint Co., Ltd. | 53,000 | 348 |
Nisshinbo Industries, Inc. | 36,000 | 338 |
Nomura Real Estate Holdings Inc. | 19,900 | 334 |
Yamazaki Baking Co., Ltd. | 35,000 | 334 |
Toyo Suisan Kaisha, Ltd. | 22,000 | 331 |
Obic Co., Ltd. | 1,800 | 321 |
Tokyo Broadcasting System, Inc. | 13,100 | 316 |
Hitachi High-Technologies Corp. | 18,351 | 307 |
Urban Corp. | 70,200 | 304 |
Hitachi Metals Ltd. | 20,000 | 298 |
Aoyama Trading Co., Ltd. | 13,600 | 294 |
Otsuka Corp. | 3,360 | 285 |
Ebara Corp. | 92,000 | 283 |
Osaka Titanium Technologies Co. | 4,514 | 282 |
Meiji Seika Kaisha Ltd. | 54,000 | 276 |
Takefuji Corp. | 12,310 | 261 |
Ito En, Ltd. | 14,500 | 258 |
Matsui Securities Co., Ltd. | 45,100 | 257 |
Hikari Tsushin, Inc. | 8,500 | 252 |
Shinko Electric Industries Co., Ltd. | 21,773 | 248 |
Shimachu Co. | 8,000 | 242 |
Wacoal Corp. | 16,000 | 238 |
Fuji Television Network, Inc. | 158 | 234 |
Rinnai Corp. | 6,800 | 224 |
Q.P. Corp. | 21,400 | 222 |
* Oki Electric Industry Co. Ltd. | 114,000 | 222 |
Glory Ltd. | 10,300 | 220 |
Mizuho Trust & Banking Co., Ltd. | 150,000 | 217 |
Nippon Shokubai Co., Ltd. | 32,000 | 213 |
Nichirei Corp. | 44,000 | 213 |
* K.K. DaVinci Advisors | 265 | 206 |
Asatsu-DK Inc. | 5,600 | 200 |
Itochu Techno-Science Corp. | 6,600 | 200 |
House Foods Industry Corp. | 13,300 | 198 |
* NEC Electronics Corp. | 10,000 | 195 |
Daifuku Co., Ltd. | 15,000 | 194 |
Toda Corp. | 46,000 | 191 |
Seino Transportation Co., Ltd. | 29,000 | 190 |
OSG Corp. | 15,941 | 186 |
Hitachi Cable Ltd. | 49,000 | 185 |
Sanwa Shutter Corp. | 42,000 | 184 |
Kose Corp. | 8,320 | 181 |
* Access Co., Ltd. | 50 | 179 |
Circle K Sunkus Co., Ltd. | 10,400 | 178 |
Nishimatsu Construction Co. | 82,000 | 176 |
Nippon Light Metal Co. | 114,000 | 173 |
ZEON Corp. | 38,000 | 171 |
Nippon Kayaku Co., Ltd. | 28,000 | 171 |
Ryohin Keikaku Co., Ltd. | 2,900 | 169 |
Dai Nippon Pharmaceutical Co., Ltd. | 18,000 | 166 |
Gunze Ltd. | 38,000 | 161 |
Toho Titanium Co., Ltd. | 6,222 | 161 |
Kokuyo Co., Ltd. | 18,100 | 157 |
eAccess Ltd. | 251 | 156 |
Fuji Soft ABC Inc. | 8,100 | 152 |
EDION Corp. | 16,314 | 151 |
Komori Corp. | 7,000 | 147 |
Central Glass Co., Ltd. | 36,000 | 142 |
Hankyu Department Stores, Inc. | 21,000 | 141 |
Aderans Co. Ltd. | 7,600 | 141 |
Comsys Holdings Corp. | 16,000 | 140 |
Takara Holdings Inc. | 20,000 | 139 |
Meitec Corp. | 4,300 | 131 |
Okumura Corp. | 21,000 | 107 |
Sumitomo Osaka Cement Co., Ltd. | 45,000 | 105 |
Matsumotokiyoshi Holdings Co., Ltd. | 4,500 | 98 |
Sanken Electric Co., Ltd. | 16,000 | 94 |
Autobacs Seven Co., Ltd. | 3,200 | 88 |
Round One Corp. | 73 | 76 |
Nippon Paper Group, Inc. | 26 | 62 |
Sega Sammy Holdings Inc. | 4,588 | 49 |
* The Goodwill Group, Inc. | 331 | 43 |
Tokyo Seimitsu Co., Ltd. | 1,904 | 35 |
* Dowa Mining Co., Ltd. Rights Exp. 1/29/10 | 32,000 | 9 |
|
||
666,242 | ||
|
||
Luxembourg (0.7%) | ||
ArcelorMittal | 245,977 | 20,118 |
Acergy SA | 54,455 | 1,171 |
SES Global Fiduciary Depositary Receipts | 36,959 | 781 |
* Millicom International Cellular S.A. | 8,108 | 774 |
|
||
22,844 | ||
|
||
Netherlands (3.0%) | ||
ING Groep NV | 498,530 | 18,638 |
Unilever NV | 451,427 | 15,197 |
Koninklijke (Royal) Philips Electronics NV | 302,432 | 11,577 |
Koninklijke KPN NV | 489,532 | 8,264 |
Aegon NV | 390,466 | 5,730 |
Akzo Nobel NV | 71,082 | 5,703 |
Koninklijke Ahold NV | 335,698 | 4,983 |
TNT NV | 105,735 | 3,922 |
Heineken NV | 66,157 | 3,842 |
Reed Elsevier NV | 160,598 | 3,071 |
ASML Holding NV | 110,854 | 2,733 |
European Aeronautic Defence and Space Co. | 89,318 | 2,114 |
Wolters Kluwer NV | 77,753 | 2,062 |
Koninklijke DSM NV | 38,023 | 1,834 |
SBM Offshore NV | 40,123 | 1,294 |
Fugro NV | 16,107 | 1,252 |
Vedior NV | 42,564 | 1,239 |
Corio NV | 11,777 | 1,030 |
Heineken Holding NV | 16,451 | 828 |
Randstad Holding NV | 16,128 | 755 |
* TomTom NV | 17,325 | 716 |
* Qiagen NV | 24,135 | 499 |
Wereldhave NV | 3,574 | 440 |
Corporate Express | 23,655 | 275 |
Oce NV | 13,047 | 222 |
|
||
98,220 | ||
|
||
New Zealand (0.1%) | ||
Telecom Corp. of New Zealand Ltd. | 508,791 | 1,501 |
Fletcher Building Ltd. | 145,040 | 957 |
Auckland International Airport Ltd. | 309,657 | 556 |
Contact Energy Ltd. | 70,565 | 443 |
Sky City Entertainment Group Ltd. | 118,635 | 344 |
Fisher & Paykel Healthcare Corp. Ltd. | 74,048 | 171 |
Fisher & Paykel Appliances Holdings Ltd. | 80,210 | 148 |
Vector Ltd. | 96,936 | 131 |
Sky Network Television Ltd. | 31,369 | 118 |
|
||
4,369 | ||
|
||
Norway (1.1%) | ||
Statoil ASA | 339,241 | 10,178 |
Telenor ASA | 225,926 | 4,351 |
DnB NOR ASA | 199,080 | 3,039 |
Yara International ASA | 50,552 | 2,940 |
* Orkla ASA | 223,789 | 2,847 |
Norsk Hydro ASA | 190,090 | 2,785 |
SeaDrill Ltd. | 73,259 | 1,973 |
* Renewable Energy Corp. AS | 47,974 | 1,351 |
Petroleum Geo-Services ASA | 46,720 | 1,160 |
* Aker Kvaerner ASA | 47,305 | 1,084 |
Storebrand ASA | 121,100 | 960 |
Prosafe ASA | 54,705 | 862 |
Frontline Ltd. | 9,010 | 412 |
* Det Norske Oljeselskap (DNO) ASA | 181,183 | 326 |
* TGS Nopec Geophysical Co. ASA | 20,344 | 296 |
* Ocean Rig ASA | 32,390 | 249 |
Tandberg ASA | 16,200 | 244 |
Schibsted ASA | 7,830 | 235 |
Tomra Systems ASA | 27,600 | 210 |
Stolt-Nielsen SA | 9,947 | 208 |
|
||
35,710 | ||
|
||
Portugal (0.4%) | ||
Electricidade de Portugal SA | 503,059 | 3,054 |
Portugal Telecom SGPS SA | 216,499 | 2,516 |
Banco Comercial Portugues SA | 508,682 | 1,657 |
Brisa-Auto Estradas de Portugal SA | 84,445 | 1,209 |
Banco Espirito Santo SA | 63,988 | 1,113 |
Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS | 56,073 | 665 |
Cimpor-Cimento de Portugal SA | 57,245 | 519 |
Sonae SGPS SA | 264,968 | 488 |
Banco BPI SA | 79,949 | 423 |
* Jeronimo Martins, SGPS, SA | 32,905 | 265 |
* Sonae Industria - SGPS SA | 22,767 | 158 |
|
||
12,067 | ||
|
||
Singapore (1.2%) | ||
Singapore Telecommunications Ltd. | 2,089,290 | 5,980 |
United Overseas Bank Ltd. | 326,504 | 4,569 |
DBS Group Holdings Ltd. | 306,082 | 4,031 |
Oversea-Chinese Banking Corp., Ltd. | 670,300 | 3,973 |
Capitaland Ltd. | 480,000 | 2,243 |
Keppel Corp., Ltd. | 282,276 | 2,055 |
Singapore Airlines Ltd. | 150,710 | 1,715 |
Singapore Press Holdings Ltd. | 425,250 | 1,427 |
Singapore Exchange Ltd. | 220,000 | 1,216 |
City Developments Ltd. | 132,000 | 1,066 |
Fraser & Neave Ltd. | 242,650 | 864 |
Singapore Technologies Engineering Ltd. | 341,906 | 846 |
ComfortDelGro Corp. Ltd. | 564,000 | 751 |
Sembcorp Industries Ltd. | 225,660 | 673 |
SembCorp Marine Ltd. | 221,600 | 622 |
Cosco Corp. Singapore Ltd. | 207,000 | 562 |
Venture Corp. Ltd. | 72,000 | 556 |
Jardine Cycle N Carriage Ltd. | 35,037 | 502 |
United Overseas Land Ltd. | 173,750 | 490 |
Noble Group Ltd. | 301,000 | 486 |
Keppel Land Ltd. | 105,000 | 427 |
Parkway Holdings Ltd. | 166,200 | 391 |
Neptune Orient Lines Ltd. | 140,000 | 334 |
* Wilmar International Ltd. | 102,000 | 313 |
Yanlord Land Group Ltd. | 188,000 | 293 |
Singapore Land Ltd. | 53,000 | 264 |
Allgreen Properties Ltd. | 278,681 | 251 |
Olam International Ltd. | 152,000 | 240 |
Wing Tai Holdings Ltd. | 137,000 | 220 |
Singapore Post Ltd. | 260,000 | 218 |
SMRT Corp. Ltd. | 136,000 | 181 |
Singapore Petroleum Co. Ltd. | 35,000 | 173 |
|
||
37,932 | ||
|
||
Spain (4.4%) | ||
Banco Santander Central Hispano SA | 1,635,793 | 32,588 |
Telefonica SA | 1,123,656 | 32,285 |
Banco Bilbao Vizcaya Argentaria SA | 979,260 | 21,534 |
Iberdrola SA | 916,565 | 14,176 |
Repsol YPF SA | 211,003 | 7,269 |
Banco Popular Espanol SA | 231,366 | 4,194 |
Industria de Diseno Textil SA | 55,538 | 3,083 |
ACS, Actividades de Contruccion y Servisios, SA | 53,881 | 3,068 |
Abertis Infraestructuras SA | 69,806 | 2,273 |
Gamesa Corporacion Tecnologica, SA | 47,633 | 2,175 |
Union Fenosa SA | 29,289 | 1,969 |
Gas Natural SDG SA | 31,424 | 1,942 |
Acciona SA | 7,190 | 1,925 |
Red Electrica de Espana SA | 27,101 | 1,660 |
* Iberdrola Renovables | 210,143 | 1,463 |
Banco de Sabadell SA | 122,308 | 1,341 |
Grupo Ferrovial, SA | 18,064 | 1,310 |
* Criteria Caixacorp SA | 188,627 | 1,295 |
Acerinox SA | 45,444 | 1,260 |
Enagas SA | 41,610 | 1,243 |
Indra Sistemas, SA | 27,972 | 806 |
Zardoya Otis SA | 27,884 | 774 |
Cintra Concesiones de Infraestructuras de Transport SA | 50,129 | 742 |
Fomento de Construc y Contra SA | 11,106 | 732 |
Sacyr Vallehermoso SA | 20,607 | 716 |
Corporacion Mapfre SA | 137,446 | 690 |
Gestevision Telecinco SA | 28,266 | 575 |
Iberia (Linea Aerea Espana) | 124,480 | 542 |
Bankinter SA | 30,321 | 481 |
* Sogecable SA | 10,449 | 458 |
Promotora de Informaciones SA | 29,279 | 441 |
Antena 3 Television | 28,005 | 385 |
Zeltia SA | 31,789 | 233 |
|
||
145,628 | ||
|
||
Sweden (2.4%) | ||
Nordea Bank AB | 547,874 | 8,887 |
Hennes & Mauritz AB B Shares | 123,996 | 7,633 |
Telefonaktiebolaget LM Ericsson AB Class B | 3,886,615 | 7,625 |
TeliaSonera AB | 579,897 | 4,655 |
Volvo AB B Shares | 291,900 | 4,423 |
Sandvik AB | 254,116 | 4,421 |
Svenska Handelsbanken AB A Shares | 131,570 | 3,834 |
Skandinaviska Enskilda Banken AB A Shares | 125,824 | 3,296 |
Atlas Copco AB - A Shares | 182,014 | 3,112 |
* Svenska Cellulosa AB-B | 145,430 | 2,652 |
SKF AB - B Shares | 111,680 | 2,249 |
Volvo AB A Shares | 131,660 | 1,962 |
Skanska AB B Shares | 96,268 | 1,930 |
Scania AB - B Shares | 91,986 | 1,928 |
Atlas Copco AB - B Shares | 109,880 | 1,727 |
Tele2 AB B Shares | 77,888 | 1,473 |
Alfa Laval AB | 24,200 | 1,473 |
Swedish Match AB | 66,731 | 1,457 |
SSAB Svenskt Stal AB Series A | 50,589 | 1,425 |
Assa Abloy AB | 77,200 | 1,402 |
Swedbank AB A Shares | 46,300 | 1,299 |
Securitas AB B Shares | 91,540 | 1,211 |
Electrolux AB Series B | 73,236 | 1,206 |
Getinge AB B Shares | 44,600 | 1,159 |
Modern Times Group AB B Shares | 12,700 | 887 |
Husqvarna AB B Shares | 71,536 | 862 |
* Lundin Petroleum AB | 58,000 | 788 |
Boliden AB | 71,429 | 762 |
Holmen AB | 17,396 | 602 |
SSAB Svenskt Stal AB Series B | 20,308 | 523 |
Oriflame Cosmetics SA | 6,007 | 399 |
Castellum AB | 26,128 | 319 |
* Fabege AB | 29,100 | 311 |
Kungsleden AB | 23,573 | 293 |
Trelleborg AB B Shares | 14,420 | 288 |
D. Carnegie & Co. AB | 13,500 | 227 |
* Nobia AB | 25,360 | 219 |
Eniro AB | 28,200 | 206 |
Wihlborgs Fastigheter AB | 8,780 | 201 |
Axfood AB | 5,400 | 192 |
Elekta AB B Shares | 9,600 | 166 |
Securitas Systems AB B Shares | 42,340 | 123 |
Billerud Aktiebolag | 10,800 | 123 |
Hoganas AB B Shares | 4,800 | 114 |
|
||
80,044 | ||
|
||
Switzerland (7.2%) | ||
Nestle SA (Registered) | 102,882 | 51,425 |
Roche Holdings AG | 183,775 | 34,636 |
Novartis AG (Registered) | 606,606 | 31,127 |
UBS AG | 539,488 | 15,709 |
ABB Ltd. | 572,625 | 15,433 |
Credit Suisse Group (Registered) | 274,479 | 13,976 |
Zurich Financial Services AG | 38,050 | 11,994 |
Swiss Re (Registered) | 92,419 | 8,079 |
Syngenta AG | 27,619 | 8,069 |
Cie. Financiere Richemont AG | 137,515 | 7,720 |
Holcim Ltd. (Registered) | 54,903 | 5,767 |
Swiss Life Holding | 9,650 | 2,684 |
Swatch Group AG (Bearer) | 8,615 | 2,307 |
Swisscom AG | 6,200 | 2,126 |
Synthes, Inc. | 14,979 | 2,094 |
* Julius Baer Holding, Ltd. | 27,448 | 2,026 |
Adecco SA (Registered) | 33,269 | 1,922 |
SGS Societe Generale de Surveillance Holding SA (Registered) | 1,173 | 1,689 |
Lonza AG (Registered) | 12,696 | 1,684 |
Givaudan SA | 1,649 | 1,631 |
Nobel Biocare Holding AG | 6,713 | 1,563 |
* Geberit AG | 9,863 | 1,470 |
Kuehne & Nagel International AG | 13,484 | 1,352 |
* Actelion Ltd. | 24,324 | 1,328 |
* Logitech International SA | 42,571 | 1,080 |
Sonova Holding AG | 11,629 | 1,071 |
Sulzer AG (Registered) | 712 | 941 |
Schindler Holding AG (Bearer Participation Certificates) | 12,462 | 934 |
Swatch Group AG (Registered) | 15,332 | 787 |
* Lindt & Spruengli AG | 203 | 674 |
CIBA Specialty Chemicals AG (Registered) | 17,996 | 656 |
* OC Oerlikon Corp AG | 1,612 | 568 |
Straumann Holding AG | 1,896 | 542 |
PSP Swiss Property AG | 7,553 | 510 |
Pargesa Holding SA | 4,513 | 503 |
* EFG International | 13,580 | 465 |
Rieter Holding AG | 808 | 309 |
Kuoni Reisen Holding AG (Registered) | 480 | 267 |
Kudelski SA | 10,408 | 153 |
UBS AG (New York Shares) | 1,482 | 43 |
|
||
237,314 | ||
|
||
United Kingdom (21.6%) | ||
HSBC Holdings PLC | 3,095,923 | 51,002 |
BP PLC | 4,922,684 | 49,875 |
Vodafone Group PLC | 13,897,263 | 41,308 |
GlaxoSmithKline PLC | 1,443,083 | 30,524 |
Rio Tinto PLC | 260,699 | 27,093 |
Royal Dutch Shell PLC Class B | 721,171 | 24,294 |
Anglo American PLC | 345,392 | 20,703 |
BG Group PLC | 879,409 | 20,377 |
Royal Bank of Scotland Group PLC | 2,634,500 | 17,649 |
BHP Billiton PLC | 589,701 | 17,369 |
Royal Dutch Shell PLC Class A (Amsterdam Shares) | 497,267 | 17,150 |
Barclays PLC | 1,731,880 | 15,624 |
Tesco PLC | 2,046,415 | 15,423 |
Royal Dutch Shell PLC Class A | 441,884 | 15,215 |
British American Tobacco PLC | 394,794 | 14,828 |
AstraZeneca Group PLC | 380,861 | 14,286 |
Diageo PLC | 677,446 | 13,709 |
Lloyds TSB Group PLC | 1,472,863 | 13,159 |
Xstrata PLC | 164,597 | 11,528 |
Unilever PLC | 338,676 | 11,455 |
HBOS PLC | 976,367 | 10,862 |
National Grid Transco PLC | 670,038 | 9,259 |
BT Group PLC | 2,105,580 | 9,090 |
BAE Systems PLC | 915,924 | 8,832 |
Reckitt Benckiser Group PLC | 157,397 | 8,728 |
Prudential PLC | 642,612 | 8,485 |
Aviva PLC | 680,814 | 8,348 |
Imperial Tobacco Group PLC | 176,378 | 8,122 |
Scottish & Southern Energy PLC | 224,051 | 6,249 |
Standard Chartered PLC | 182,602 | 6,244 |
Cadbury Schweppes PLC | 547,292 | 6,033 |
Centrica PLC | 955,655 | 5,662 |
SABMiller PLC | 235,256 | 5,160 |
Man Group PLC | 451,744 | 4,973 |
Legal & General Group PLC | 1,695,314 | 4,254 |
Reuters Group PLC | 340,207 | 3,916 |
Rolls-Royce Group PLC | 483,515 | 3,873 |
Reed Elsevier PLC | 295,983 | 3,770 |
Land Securities Group PLC | 124,479 | 3,729 |
WPP Group PLC | 299,578 | 3,577 |
British Energy Group PLC | 267,078 | 3,461 |
Marks & Spencer Group PLC | 447,687 | 3,445 |
Scottish & Newcastle PLC | 216,779 | 3,398 |
British Sky Broadcasting Group PLC | 305,576 | 3,379 |
United Utilities PLC | 235,692 | 3,233 |
Smith & Nephew PLC | 243,556 | 3,225 |
International Power PLC | 403,390 | 3,190 |
Compass Group PLC | 490,379 | 3,138 |
Old Mutual PLC | 1,376,936 | 3,022 |
Pearson PLC | 219,382 | 2,971 |
J. Sainsbury PLC | 405,646 | 2,763 |
Standard Life PLC | 562,197 | 2,748 |
British Land Co., PLC | 138,829 | 2,529 |
Tullow Oil PLC | 185,900 | 2,434 |
Johnson Matthey PLC | 58,696 | 2,338 |
Capita Group PLC | 166,176 | 2,239 |
Resolution PLC | 160,507 | 2,181 |
Royal & Sun Alliance Insurance Group PLC | 824,267 | 2,106 |
Experian Group Ltd. | 279,605 | 2,038 |
Smiths Group PLC | 107,007 | 1,998 |
Wolseley PLC | 179,276 | 1,888 |
Cable and Wireless PLC | 627,071 | 1,855 |
Severn Trent PLC | 65,536 | 1,848 |
Carnival PLC | 45,528 | 1,814 |
3i Group PLC | 108,338 | 1,785 |
Hammerson PLC | 80,532 | 1,781 |
Kingfisher PLC | 668,370 | 1,757 |
Morrison Supermarkets PLC | 305,805 | 1,667 |
ICAP PLC | 142,323 | 1,608 |
* Eurasian Natural Resources Corp. | 82,019 | 1,603 |
Tate & Lyle PLC | 131,162 | 1,406 |
Shire PLC | 71,489 | 1,384 |
Rexam PLC | 162,843 | 1,379 |
Liberty International PLC | 70,612 | 1,369 |
The Sage Group PLC | 364,630 | 1,364 |
Group 4 Securicor PLC | 296,560 | 1,341 |
Bunzl PLC | 92,905 | 1,308 |
Next PLC | 56,785 | 1,286 |
Cobham PLC | 323,983 | 1,286 |
Friends Provident PLC | 519,313 | 1,275 |
Persimmon PLC | 81,757 | 1,242 |
FirstGroup PLC | 110,901 | 1,241 |
Lonmin PLC | 20,193 | 1,228 |
Amec PLC | 84,744 | 1,217 |
GKN PLC | 198,353 | 1,200 |
Segro PLC | 117,391 | 1,183 |
ITV PLC | 937,383 | 1,179 |
Home Retail Group | 226,529 | 1,176 |
Burberry Group PLC | 126,234 | 1,129 |
Serco Group PLC | 123,424 | 1,112 |
InterContinental Hotels Group PLC | 73,385 | 1,108 |
Whitbread PLC | 45,905 | 1,064 |
Balfour Beatty PLC | 110,866 | 1,038 |
Rentokil Initial PLC | 527,201 | 1,019 |
Enterprise Inns PLC | 125,861 | 1,003 |
London Stock Exchange PLC | 40,677 | 976 |
Hays PLC | 423,093 | 960 |
Tomkins PLC | 269,060 | 955 |
Ladbrokes PLC | 151,887 | 940 |
Meggitt PLC | 169,511 | 928 |
LogicaCMG PLC | 422,352 | 888 |
* Invensys PLC | 197,312 | 880 |
Inchcape PLC | 107,831 | 861 |
Kazakhmys PLC | 26,619 | 844 |
Mitchells & Butlers PLC | 116,907 | 797 |
Investec PLC | 117,958 | 795 |
United Business Media PLC | 73,139 | 785 |
William Hill PLC | 102,672 | 767 |
Associated British Foods PLC | 43,460 | 755 |
Daily Mail and General Trust PLC | 87,456 | 751 |
Mondi PLC | 89,297 | 741 |
Vedanta Resources PLC | 17,521 | 730 |
Barratt Developments PLC | 87,362 | 717 |
Punch Taverns PLC | 66,272 | 709 |
IMI PLC | 78,264 | 705 |
Antofagasta PLC | 50,265 | 700 |
TUI Travel PLC | 136,243 | 697 |
Thomas Cook Group PLC | 120,718 | 696 |
* British Airways PLC | 145,625 | 677 |
Signet Group PLC | 533,773 | 654 |
Schroders PLC | 34,609 | 644 |
National Express Group PLC | 31,520 | 629 |
Travis Perkins PLC | 29,416 | 626 |
Stagecoach Group PLC | 129,059 | 620 |
ARM Holdings PLC | 334,202 | 584 |
Carphone Warehouse PLC | 100,585 | 570 |
Kesa Electricals PLC | 133,781 | 549 |
Intertek Testing Services PLC | 23,736 | 487 |
Alliance & Leicester PLC | 43,832 | 451 |
The Berkeley Group Holdings PLC | 20,155 | 446 |
Aggreko PLC | 33,809 | 433 |
Trinity Mirror PLC | 66,244 | 389 |
BP PLC ADR | 6,270 | 380 |
* Charter PLC | 22,397 | 378 |
Biffa PLC | 54,062 | 374 |
Arriva PLC | 27,388 | 373 |
Cookson Group PLC | 27,730 | 366 |
Great Portland Estates PLC | 34,288 | 361 |
De La Rue PLC Group | 19,800 | 349 |
Cattles PLC | 67,103 | 308 |
Taylor Wimpey PLC | 81,373 | 303 |
Electrocomponents PLC | 83,941 | 303 |
Close Brothers Group PLC | 23,850 | 292 |
Tullett Prebon PLC | 29,684 | 280 |
Premier Farnell PLC | 78,464 | 278 |
Bovis Homes Group PLC | 21,511 | 259 |
BBA Aviation PLC | 67,632 | 202 |
The Davis Service Group PLC | 20,506 | 201 |
SSL International PLC | 20,805 | 187 |
Rank Group PLC | 104,376 | 183 |
Yell Group PLC | 57,753 | 176 |
Misys PLC | 59,036 | 162 |
FKI PLC | 114,485 | 158 |
* CSR PLC | 23,258 | 150 |
* Galiform PLC | 64,913 | 102 |
* PartyGaming PLC | 233,050 | 96 |
WPP Group PLC ADR | 740 | 44 |
|
||
708,317 | ||
|
||
|
||
Total Common Stocks | ||
(Cost $2,800,730) | 3,289,342 | |
|
||
Temporary Cash Investment (0.3%) | ||
|
||
1 Vanguard Market Liquidity Fund, 2.800% | ||
(Cost $10,562) | 10,562,204 | 10,562 |
|
||
Total Investments (100.4%) | ||
(Cost $2,811,292) | 3,299,904 | |
|
||
Other Assets and Liabilities-Net (-0.4%) | (13,900) | |
|
||
Net Assets (100%) | 3,286,004 | |
|
*
Non-income-producing security.
1
Affiliated money market fund available only to Vanguard funds and certain trusts and
accounts managed by Vanguard. Rate shown is the 7-day yield. ADR American
Depositary Receipt.
Investment Securities: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the funds pricing time but after the close of the securities primary markets, are valued at their fair values calculated according to procedures adopted by the board of trustees. These procedures include obtaining quotations from an independent pricing service, monitoring news to identify significant market- or security-specific events, and evaluating changes in the values of foreign market proxies (for example, ADRs, futures contracts, or exchange-traded funds), between the time the foreign markets close and the funds pricing time. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities. Investments in Vanguard Market Liquidity Fund are valued at that funds net asset value.
At March 31, 2008, the cost of investment securities for tax purposes was $2,811,292,000. Net unrealized appreciation of investment securities for tax purposes was $488,612,000, consisting of unrealized gains of $602,822,000 on securities that had risen in value since their purchase and $114,210,000 in unrealized losses on securities that had fallen in value since their purchase.
ForeignCurrency: Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates obtained from an independent third party as of the funds pricing time on the valuation date. Realized gains (losses) and unrealized appreciation (depreciation) on investment securities include the effects of changes in exchange rates since the securities were purchased, combined with the effects of changes in security prices. Fluctuations in the value of other assets and liabilities resulting from changes in exchange rates are recorded as unrealized foreign currency gains (losses) until the assets or liabilities are settled in cash, at which time they are recorded as realized foreign currency gains (losses).
In September 2006, the Financial Accounting Standards Board issued Interpretation No. 157 (FAS 157), Fair Value Measurements. FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements, effective for the funds current fiscal period.
Various inputs may be used to determine the value of the funds investments. These inputs are summarized in three broad levels:
Level
1 quoted prices in active markets for identical securities.
Level
2 other significant observable inputs (including quoted prices for similar
securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3
significant unobservable inputs (including the funds own assumptions used to
determine the fair value of investments).
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following table sumamrizes the inputs used to value the funds net assets as of March 31, 2008:
Valuation Inputs |
Investments in
Securities ($000) |
---|---|
|
|
Level 1- Quoted Prices | 16,332 |
|
|
Level 2- Other Significant Observable Inputs | 3,283,572 |
|
|
Level 3- Significant Unobservable Inputs | - |
|
|
Total | 3,299,904 |
|
Item 2: | Controls and Procedures. |
(a) | Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrants Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report. |
(b) | Internal Control Over Financial Reporting. During the last fiscal quarter, there was no significant change in the Registrants internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3:
|
Exhibits.
(a) Certifications. |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
VANGUARD TAX-MANAGED FUNDS |
BY: |
(signature)
(HEIDI STAM) JOHN J. BRENNAN* CHIEF EXECUTIVE OFFICER |
Date: | May 13, 2008 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD TAX-MANAGED FUNDS |
BY: |
(signature)
(HEIDI STAM) JOHN J. BRENNAN* CHIEF EXECUTIVE OFFICER |
Date: | May 13, 2008 |
VANGUARD TAX-MANAGED FUNDS |
BY: |
(signature)
(HEIDI STAM) THOMAS J. HIGGINS* TREASURER |
Date: | May 13, 2008 |
*By Power of Attorney, Filed on January 18, 2008, See File Number 2-29601. Incorporated by Reference.
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