-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FceLiCucjR221UxFQ4k9rDOc3ynaooMx8EN1WnOu1fWbCQ7PSvFg8KDOf6455c7W AR4M5DeVmyRFgujxmH6KoQ== 0000088053-10-001298.txt : 20100826 0000088053-10-001298.hdr.sgml : 20100826 20100826124720 ACCESSION NUMBER: 0000088053-10-001298 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20100630 FILED AS OF DATE: 20100826 DATE AS OF CHANGE: 20100826 EFFECTIVENESS DATE: 20100826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INVESTMENTS VIT FUNDS CENTRAL INDEX KEY: 0001006373 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07507 FILM NUMBER: 101039843 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INVESTMENTS VIT FUNDS DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE ASSET MANAGEMENT VIT FUNDS DATE OF NAME CHANGE: 20010402 FORMER COMPANY: FORMER CONFORMED NAME: BT INSURANCE FUNDS TRUST /MA/ DATE OF NAME CHANGE: 20000515 0001006373 S000006223 DWS Small Cap Index VIP C000017156 Class A C000017157 Class B N-CSRS 1 sr063010vit_scivip.htm DWS SMALL CAP INDEX VIP

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

FORM N-CSRS

 

Investment Company Act file number

811-07507

 

DWS Investments VIT Funds

(Exact Name of Registrant as Specified in Charter)

 

345 Park Avenue

New York, NY 10154-0004

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s Telephone Number, including Area Code: (212) 454-7190

 

Paul Schubert

345 Park Avenue

New York, NY 10154-0004

(Name and Address of Agent for Service)

 

Date of fiscal year end:

12/31

 

Date of reporting period:

6/30/2010

 

ITEM 1.

REPORT TO STOCKHOLDERS

 

 

JUNE 30, 2010

SEMIANNUAL REPORT

DWS INVESTMENTS VIT FUNDS

vipscif_hrule0

DWS Small Cap Index VIP

 

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Contents

5 Performance Summary

6 Information About Your Portfolio's Expenses

7 Portfolio Summary

8 Investment Portfolio

43 Statement of Assets and Liabilities

44 Statement of Operations

45 Statement of Changes in Net Assets

47 Financial Highlights

48 Notes to Financial Statements

52 Proxy Voting

53 Summary of Management Fee Evaluation by Independent Fee Consultant

This report must be preceded or accompanied by a prospectus. To obtain an additional prospectus or summary prospectus, if available, call (800) 778-1482 or your financial representative. We advise you to consider the Portfolio's objectives, risks, charges and expenses carefully before investing. The summary prospectus and prospectus contain this and other important information about the Portfolio. Please read the prospectus carefully before you invest.

Various factors, including costs, cash flows and security selection, may cause the Portfolio's performance to differ from that of the index. Stocks may decline in value. See the prospectus for details.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Performance Summary June 30, 2010

All performance shown is historical, assumes reinvestment of all dividend and capital gain distributions, and does not guarantee future results. Investment return and principal value fluctuate with changing market conditions so that, when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Please contact your participating insurance company for the Portfolio's most recent month-end performance. Performance figures for Classes A and B differ because each class maintains a distinct expense structure. Performance doesn't reflect charges and fees ("contract charges") associated with the separate account that invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option. These charges and fees will reduce returns.

The gross expense ratios of the Portfolio, as stated in the fee table of the prospectus dated May 1, 2010 are 0.56% and 0.81% for Class A and Class B shares, respectively, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report.

Portfolio returns during all periods shown reflect a fee waiver and/or expense reimbursement. Without this waiver/reimbursement, returns would have been lower.

Growth of an Assumed $10,000 Investment

[] DWS Small Cap Index VIP — Class A

[] Russell 2000® Index

The Russell 2000® Index is an unmanaged, capitalization-weighted index that measures the performance of 2,000 smallest companies in the Russell 3000® Index, which represent approximately 8% of the market capitalization of Russell 3000 Index.

Index returns assume reinvestment of dividends and, unlike portfolio returns, do not reflect any fees or expenses. It is not possible to invest directly into an index.

vipscif_g10k180

 

Yearly periods ended June 30

 

Comparative Results (as of June 30, 2010)

DWS Small Cap Index VIP

6-Month

1-Year

3-Year

5-Year

10-Year

Class A

Growth of $10,000

$9,777

$12,099

$7,528

$9,942

$12,864

Average annual total return

-2.23%

20.99%

-9.03%

-0.12%

2.55%

Russell 2000 Index

Growth of $10,000

$9,805

$12,148

$7,635

$10,185

$13,442

Average annual total return

-1.95%

21.48%

-8.60%

0.37%

3.00%

DWS Small Cap Index VIP

6-Month

1-Year

3-Year

5-Year

Life of Class*

Class B

Growth of $10,000

$9,773

$12,067

$7,474

$9,818

$12,561

Average annual total return

-2.27%

20.67%

-9.25%

-0.37%

2.83%

Russell 2000 Index

Growth of $10,000

$9,805

$12,148

$7,635

$10,185

$13,280

Average annual total return

-1.95%

21.48%

-8.60%

0.37%

3.53%

The growth of $10,000 is cumulative.

Total returns shown for periods less than one year are not annualized.

* The Portfolio commenced offering Class B shares on April 30, 2002. Index returns began on April 30, 2002.

Information About Your Portfolio's Expenses

As an investor of the Portfolio, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Portfolio expenses. Examples of transaction costs include contract charges, redemption fees and account maintenance fees, which are not shown in this section. The following tables are intended to help you understand your ongoing expenses (in dollars) of investing in the Portfolio and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. In the most recent six-month period, the Portfolio limited these expenses; had it not done so, expenses would have been higher. The example in the table is based on an investment of $1,000 invested at the beginning of the six-month period and held for the entire period (January 1, 2010 to June 30, 2010).

The tables illustrate your Portfolio's expenses in two ways:

Actual Portfolio Return. This helps you estimate the actual dollar amount of ongoing expenses (but not transaction costs) paid on a $1,000 investment in the Portfolio using the Portfolio's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.

Hypothetical 5% Portfolio Return. This helps you to compare your Portfolio's ongoing expenses (but not transaction costs) with those of other mutual funds using the Portfolio's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical Portfolio return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expense of owning different funds. If these transaction costs had been included, your costs would have been higher.

Expenses and Value of a $1,000 Investment for the six months ended June 30, 2010

Actual Portfolio Return

Class A

 

Class B

 

Beginning Account Value 1/1/10

$ 1,000.00

 

$ 1,000.00

 

Ending Account Value 6/30/10

$ 977.70

 

$ 977.30

 

Expenses Paid per $1,000*

$ 2.60

 

$ 3.82

 

Hypothetical 5% Portfolio Return

Class A

 

Class B

 

Beginning Account Value 1/1/10

$ 1,000.00

 

$ 1,000.00

 

Ending Account Value 6/30/10

$ 1,022.17

 

$ 1,020.93

 

Expenses Paid per $1,000*

$ 2.66

 

$ 3.91

 

* Expenses are equal to the Portfolio's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by 365.

Annualized Expense Ratios

Class A

 

Class B

 

DWS Small Cap Index VIP

.53%

 

.78%

 

For more information, please refer to the Portfolio's prospectus.

These tables do not reflect charges and fees ("contract charges") associated with the separate account that invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option.

Portfolio Summary

Asset Allocation (As a % of Investment Portfolio excluding Securities Lending Collateral)

6/30/10

12/31/09

 

 

 

Common Stocks

98%

99%

Cash Equivalents*

2%

1%

 

100%

100%

Sector Diversification (As a % of Common Stocks and Rights)

6/30/10

12/31/09

 

 

 

Financials

21%

20%

Information Technology

18%

18%

Industrials

16%

16%

Health Care

14%

14%

Consumer Discretionary

14%

14%

Energy

5%

5%

Materials

5%

5%

Consumer Staples

3%

4%

Utilities

3%

3%

Telecommunication Services

1%

1%

 

100%

100%

Ten Largest Equity Holdings (2.1% of Net Assets)

1. Salix Pharmaceuticals Ltd.

Develops prescription products for gastrointestinal disease

0.3%

2. MFA Financial, Inc.

Operator of a real estate investment trust

0.2%

3. Jack Henry & Associates, Inc.

Developer of integrated computer systems

0.2%

4. TIBCO Software, Inc.

Provider of software solutions that enable businesses to integrate internal operations

0.2%

5. Highwoods Properties, Inc.

Manages and leases suburban offices

0.2%

6. Rock-Tenn Co.

Manufacturer of packaging products

0.2%

7. Nordson Corp.

Manufacturer of industrial application equipment

0.2%

8. OMEGA Healthcare Investors, Inc.

Invests in and provides financing to the long-term care industry

0.2%

9. ev3, Inc.

Developer and manufacturer of medical devices

0.2%

10. STERIS Corp.

Manufacturer of sterile processing systems

0.2%

Asset allocation, sector diversification and holdings are subject to change.

* In order to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the market, the Portfolio invests in futures contracts.

For more complete details about the Portfolio's investment portfolio, see page 8.

Following the Portfolio's fiscal first and third quarter-end, a complete portfolio holdings listing is filed with the SEC on Form N-Q. The form will be available on the SEC's Web site at www.sec.gov, and it also may be reviewed and copied at the SEC's Public Reference Room in Washington, D.C. Information on the operation of the SEC's Public Reference Room may be obtained by calling (800) SEC-0330. A complete list of the portfolio holdings of the Portfolio is also posted on www.dws-investments.com from time to time. Please see the Portfolio's current prospectus for more information.

Investment Portfolio June 30, 2010 (Unaudited)

 


Shares

Value ($)

 

 

Common Stocks 97.9%

Consumer Discretionary 13.5%

Auto Components 0.7%

American Axle & Manufacturing Holdings, Inc.*

17,010

124,683

Amerigon, Inc.*

6,283

46,369

Cooper Tire & Rubber Co.

17,070

332,865

Dana Holding Corp.*

38,605

386,050

Dorman Products, Inc.*

3,150

64,040

Drew Industries, Inc.* (a)

5,172

104,474

Exide Technologies* (a)

21,021

109,309

Fuel Systems Solutions, Inc.* (a)

3,784

98,195

Hawk Corp. "A"*

1,222

31,100

Modine Manufacturing Co.*

12,533

96,254

Shiloh Industries, Inc.*

1,452

12,284

Spartan Motors, Inc.

9,936

41,731

Standard Motor Products, Inc.

5,063

40,858

Stoneridge, Inc.*

3,806

28,888

Superior Industries International, Inc.

6,453

86,728

Tenneco, Inc.* (a)

16,440

346,226

 

1,950,054

Automobiles 0.0%

Winnebago Industries, Inc.* (a)

7,961

79,132

Distributors 0.0%

Audiovox Corp. "A"*

5,400

39,690

Core-Mark Holding Co., Inc.*

2,837

77,734

 

117,424

Diversified Consumer Services 1.3%

American Public Education, Inc.* (a)

5,091

222,477

Bridgepoint Education, Inc.* (a)

5,395

85,295

Cambium Learning Group, Inc.*

4,460

16,056

Capella Education Co.* (a)

4,640

377,464

Coinstar, Inc.*

8,784

377,448

Corinthian Colleges, Inc.* (a)

24,426

240,596

CPI Corp. (a)

1,624

36,410

Grand Canyon Education, Inc.* (a)

8,575

200,912

K12, Inc.*

6,970

154,595

Learning Tree International, Inc.*

1,724

18,705

Lincoln Educational Services Corp.*

4,537

93,417

Mac-Gray Corp.

2,855

31,805

Matthews International Corp. "A"

8,352

244,546

National American University Holdings, Inc.

2,172

18,918

Pre-Paid Legal Services, Inc.* (a)

2,086

94,892

Princeton Review, Inc.* (a)

4,474

10,380

Regis Corp.

16,142

251,331

Sotheby's (a)

18,576

424,833

Steiner Leisure Ltd.*

4,087

157,104

Stewart Enterprises, Inc. "A" (a)

22,136

119,756

Universal Technical Institute, Inc.* (a)

5,912

139,760

 

3,316,700

Hotels Restaurants & Leisure 2.4%

AFC Enterprises, Inc.*

7,510

68,341

Ambassadors Group, Inc.

5,434

61,350

Ameristar Casinos, Inc. (a)

7,576

114,095

Biglari Holdings, Inc.*

397

113,899

BJ's Restaurants, Inc.* (a)

6,198

146,273

Bluegreen Corp.*

4,713

14,186

Bob Evans Farms, Inc.

8,385

206,439

Boyd Gaming Corp.*

14,970

127,095

 


Shares

Value ($)

 

 

Buffalo Wild Wings, Inc.* (a)

5,117

187,180

California Pizza Kitchen, Inc.*

5,166

78,265

Caribou Coffee Co., Inc.* (a)

2,042

19,338

Carrols Restaurant Group, Inc.*

3,474

15,876

CEC Entertainment, Inc.*

6,054

213,464

Churchill Downs, Inc.

3,191

104,665

CKE Restaurants, Inc.

15,258

191,183

Cracker Barrel Old Country Store, Inc. (a)

6,657

309,950

Denny's Corp.*

26,161

68,019

DineEquity, Inc.*

5,119

142,922

Domino's Pizza, Inc.*

10,613

119,927

Einstein Noah Restaurant Group, Inc.*

1,465

15,807

Empire Resorts, Inc.*

7,096

11,566

Gaylord Entertainment Co.* (a)

9,612

212,329

Interval Leisure Group, Inc.*

11,321

140,946

Isle of Capri Casinos, Inc.* (a)

4,142

38,355

Jack in the Box, Inc.* (a)

15,175

295,154

Jamba, Inc.*

16,512

35,171

Krispy Kreme Doughnuts, Inc.* (a)

15,311

51,598

Landry's Restaurants, Inc.* (a)

2,219

54,277

LIFE TIME FITNESS, Inc.* (a)

11,607

368,987

Marcus Corp.

5,759

54,480

McCormick & Schmick's Seafood Restaurants, Inc.*

3,564

26,587

Monarch Casino & Resort, Inc.*

1,997

20,230

Morgans Hotel Group Co.* (a)

6,719

41,389

Multimedia Games, Inc.*

6,526

29,367

O'Charley's, Inc.*

4,969

26,336

Orient-Express Hotels Ltd. "A"* (a)

25,088

185,651

P.F. Chang's China Bistro, Inc.

6,397

253,641

Papa John's International, Inc.*

5,730

132,478

Peet's Coffee & Tea, Inc.* (a)

3,320

130,376

Pinnacle Entertainment, Inc.*

16,994

160,763

Red Lion Hotels Corp.*

2,526

15,080

Red Robin Gourmet Burgers, Inc.* (a)

4,469

76,688

Ruby Tuesday, Inc.* (a)

17,835

151,597

Ruth's Hospitality Group, Inc.*

8,401

35,116

Scientific Games Corp. "A"*

18,009

165,683

Shuffle Master, Inc.*

14,303

114,567

Sonic Corp.* (a)

17,268

133,827

Speedway Motorsports, Inc.

3,493

47,365

Texas Roadhouse, Inc. "A"* (a)

15,835

199,838

The Cheesecake Factory, Inc.*

16,705

371,853

Vail Resorts, Inc.* (a)

10,029

350,112

 

6,249,681

Household Durables 0.7%

American Greetings Corp. "A"

11,186

209,849

Beazer Homes USA, Inc.* (a)

20,100

72,963

Blyth, Inc.

1,644

56,011

Brookfield Homes Corp.*

3,184

21,460

Cavco Industries, Inc.*

1,729

60,826

CSS Industries, Inc.

1,866

30,789

Ethan Allen Interiors, Inc. (a)

6,553

91,676

Furniture Brands International, Inc.* (a)

12,800

66,816

Helen of Troy Ltd.*

8,362

184,466

Hooker Furniture Corp.

3,076

32,790

Hovnanian Enterprises, Inc. "A"* (a)

13,245

48,742

iRobot Corp.* (a)

5,806

109,095

 


Shares

Value ($)

 

 

Kid Brands, Inc.*

3,454

24,282

La-Z-Boy, Inc.*

13,965

103,760

Libbey, Inc.*

4,452

57,787

Lifetime Brands, Inc.*

2,536

37,076

M/I Homes, Inc.*

4,785

46,127

Meritage Homes Corp.* (a)

8,570

139,520

National Presto Industries, Inc.

1,291

119,882

Ryland Group, Inc. (a)

12,296

194,523

Sealy Corp.* (a)

13,302

35,516

Skyline Corp.

1,800

32,418

Standard Pacific Corp.* (a)

29,406

97,922

Universal Electronics, Inc.*

4,036

67,119

 

1,941,415

Internet & Catalog Retail 0.4%

1-800 FLOWERS.COM, Inc. "A"*

5,298

10,914

Blue Nile, Inc.* (a)

3,521

165,769

drugstore.com, Inc.* (a)

25,647

78,993

Gaiam, Inc. "A"

4,005

24,310

HSN, Inc.*

10,663

255,912

NutriSystem, Inc. (a)

8,772

201,230

Orbitz Worldwide, Inc.*

5,489

20,913

Overstock.com, Inc.*

3,989

72,081

PetMed Express, Inc. (a)

6,564

116,839

Shutterfly, Inc.* (a)

7,431

178,047

US Auto Parts Network, Inc.*

2,943

17,658

Vitacost.com, Inc.*

3,971

35,699

 

1,178,365

Leisure Equipment & Products 0.8%

Arctic Cat, Inc.*

3,341

30,437

Brunswick Corp. (a)

24,749

307,630

Callaway Golf Co. (a)

18,370

110,955

Eastman Kodak Co.* (a)

74,843

324,819

JAKKS Pacific, Inc.* (a)

7,968

114,580

Johnson Outdoors, Inc. "A"*

1,177

13,241

Leapfrog Enterprises, Inc.*

8,924

35,874

Marine Products Corp.*

3,050

17,263

Polaris Industries, Inc. (a)

8,672

473,665

Pool Corp. (a)

13,590

297,893

RC2 Corp.*

5,819

93,744

Smith & Wesson Holding Corp.* (a)

15,947

65,223

Sport Supply Group, Inc.

2,014

27,108

Steinway Musical Instruments, Inc.*

1,547

27,521

Sturm, Ruger & Co., Inc.

5,033

72,123

Summer Infant, Inc.*

2,899

18,988

 

2,031,064

Media 1.5%

AH Belo Corp. "A"*

4,929

32,729

Arbitron, Inc. (a)

7,209

184,767

Ascent Media Corp. "A"*

3,951

99,802

Ballantyne Strong, Inc.*

3,936

28,497

Beasley Broadcast Group, Inc. "A"*

1,548

7,539

Belo Corp. "A"*

25,955

147,684

Carmike Cinemas, Inc.*

2,291

13,883

Cinemark Holdings, Inc.

15,767

207,336

CKX, Inc.*

15,460

77,145

Crown Media Holdings, Inc.* (a)

4,100

7,216

Cumulus Media, Inc. "A"*

6,071

16,210

Dex One Corp.*

13,851

263,169

E.W. Scripps Co. "A"*

8,712

64,730

Entercom Communications Corp. "A"*

6,479

57,145

Entravision Communications Corp. "A"*

13,431

28,339

 


Shares

Value ($)

 

 

Fisher Communications, Inc.*

2,000

33,680

Global Sources Ltd.*

6,379

50,011

Gray Television, Inc.*

13,451

32,417

Harte-Hanks, Inc.

11,110

116,100

Journal Communications, Inc. "A"*

12,400

49,228

Knology, Inc.*

8,381

91,604

Lee Enterprises, Inc.*

12,363

31,773

Lin TV Corp. "A"*

7,600

41,116

Lions Gate Entertainment Corp.*

18,941

132,208

Live Nation Entertainment, Inc.*

38,620

403,579

LodgeNet Interactive Corp.*

6,546

24,286

Martha Stewart Living Omnimedia, Inc. "A"* (a)

6,536

32,157

McClatchy Co. "A"*

16,458

59,907

Media General, Inc. "A"*

6,082

59,360

Mediacom Communications Corp. "A"* (a)

10,992

73,866

National CineMedia, Inc.

11,975

199,504

Nexstar Broadcasting Group, Inc. "A"*

2,951

12,925

Outdoor Channel Holdings, Inc.*

2,580

12,049

Playboy Enterprises, Inc. "B"* (a)

7,160

30,072

PRIMEDIA, Inc.

3,460

10,138

Radio One, Inc. "D"*

8,606

11,016

RCN Corp.*

9,524

141,050

ReachLocal, Inc.*

1,327

17,211

Rentrak Corp.*

2,627

63,915

Scholastic Corp. (a)

8,358

201,595

Sinclair Broadcast Group, Inc. "A"*

11,847

69,068

SuperMedia, Inc.*

3,544

64,820

Valassis Communications, Inc.* (a)

13,899

440,876

Value Line, Inc.

300

5,442

Warner Music Group Corp.*

12,491

60,706

Westwood One, Inc.*

1,464

14,450

World Wrestling Entertainment, Inc. "A" (a)

6,700

104,252

 

3,926,572

Multiline Retail 0.4%

99 Cents Only Stores*

12,926

191,305

Dillard's, Inc. "A" (a)

12,719

273,459

Fred's, Inc.

10,777

119,194

Retail Ventures, Inc.*

6,581

51,463

Saks, Inc.* (a)

37,514

284,731

The Bon-Ton Stores, Inc.*

3,254

31,727

Tuesday Morning Corp.*

9,069

36,185

 

988,064

Specialty Retail 3.3%

America's Car-Mart, Inc.*

2,904

65,718

AnnTaylor Stores Corp.* (a)

16,013

260,532

Asbury Automotive Group, Inc.* (a)

8,388

88,410

Barnes & Noble, Inc.

10,711

138,172

bebe stores, inc.

9,065

58,016

Big 5 Sporting Goods Corp.

5,758

75,660

Books-A-Million, Inc.

2,112

12,714

Borders Group, Inc.*

14,217

18,909

Brown Shoe Co., Inc.

12,119

183,966

Build-A-Bear Workshop, Inc.*

4,074

27,622

Cabela's, Inc.* (a)

11,266

159,301

Casual Male Retail Group, Inc.*

11,533

39,443

Cato Corp. "A"

7,529

165,789

Charming Shoppes, Inc.*

31,075

116,531

Children's Place Retail Stores, Inc.* (a)

7,679

338,030

Christopher & Banks Corp.

9,140

56,577

 


Shares

Value ($)

 

 

Citi Trends, Inc.*

4,144

136,503

Coldwater Creek, Inc.* (a)

16,271

54,671

Collective Brands, Inc.* (a)

17,739

280,276

Conn's, Inc.* (a)

3,400

19,992

Destination Maternity Corp.*

1,506

38,102

Dress Barn, Inc.*

16,423

391,032

DSW, Inc. "A"* (a)

3,915

87,931

Express, Inc.*

4,432

72,552

Genesco, Inc.* (a)

6,658

175,172

Group 1 Automotive, Inc.* (a)

6,844

161,039

Gymboree Corp.* (a)

8,194

349,966

Haverty Furniture Companies, Inc.

4,666

57,345

hhgregg, Inc.* (a)

3,700

86,284

Hibbett Sports, Inc.*

7,964

190,817

Hot Topic, Inc. (a)

11,305

57,429

Jo-Ann Stores, Inc.*

7,591

284,738

Jos. A. Bank Clothiers, Inc.* (a)

5,157

278,426

Kirkland's, Inc.*

4,641

78,317

Lithia Motors, Inc. "A" (a)

5,499

33,984

Lumber Liquidators Holdings, Inc.* (a)

6,157

143,643

MarineMax, Inc.*

6,120

42,473

Midas, Inc.*

4,041

30,994

Monro Muffler Brake, Inc.

5,495

217,217

New York & Co., Inc.*

8,045

18,423

OfficeMax, Inc.*

23,523

307,210

Pacific Sunwear of California, Inc.* (a)

16,803

53,770

Penske Automotive Group, Inc.*

12,276

139,455

Pier 1 Imports, Inc.* (a)

28,979

185,755

Rent-A-Center, Inc.* (a)

18,221

369,157

Rue21, Inc.* (a)

4,064

123,302

Sally Beauty Holdings, Inc.* (a)

26,244

215,201

Select Comfort Corp.*

15,098

132,107

Shoe Carnival, Inc.*

2,522

51,726

Sonic Automotive, Inc. "A"* (a)

11,092

94,948

Stage Stores, Inc.

11,132

118,890

Stein Mart, Inc.*

7,871

49,036

Systemax, Inc. (a)

2,979

44,894

Talbots, Inc.*

19,441

200,437

The Buckle, Inc. (a)

7,264

235,499

The Finish Line, Inc. "A"

14,063

195,898

The Men's Wearhouse, Inc. (a)

14,828

272,242

The Pep Boys — Manny, Moe & Jack

15,026

133,130

The Wet Seal, Inc. "A"*

29,069

106,102

Ulta Salon, Cosmetics & Fragrance, Inc.* (a)

8,696

205,747

Vitamin Shoppe, Inc.*

4,439

113,860

West Marine, Inc.*

3,553

38,657

Winmark Corp.

666

22,291

Zumiez, Inc.* (a)

5,821

93,776

 

8,595,806

Textiles, Apparel & Luxury Goods 2.0%

American Apparel, Inc.*

10,700

19,581

Carter's, Inc.*

16,615

436,144

Cherokee, Inc.

1,925

32,917

Columbia Sportswear Co.

3,123

145,750

Crocs, Inc.* (a)

24,108

255,063

Culp, Inc.*

2,428

26,611

Deckers Outdoor Corp.*

3,566

509,474

Delta Apparel, Inc.*

1,605

23,433

G-III Apparel Group Ltd.*

4,400

100,716

Iconix Brand Group, Inc.* (a)

19,970

286,969

 


Shares

Value ($)

 

 

Joe's Jeans, Inc.*

11,674

23,115

Jones Apparel Group, Inc.

24,145

382,698

K-Swiss, Inc. "A"* (a)

7,254

81,462

Kenneth Cole Productions, Inc. "A"*

2,090

23,011

LaCrosse Footwear, Inc.

1,258

21,185

Liz Claiborne, Inc.* (a)

26,210

110,606

Maidenform Brands, Inc.*

6,328

128,838

Movado Group, Inc.*

4,312

46,052

Oxford Industries, Inc.

3,823

80,015

Perry Ellis International, Inc.*

2,639

53,308

Quiksilver, Inc.* (a)

35,891

132,797

R.G. Barry Corp.

2,256

24,884

Skechers USA, Inc. "A"* (a)

9,703

354,354

Steven Madden Ltd.*

6,936

218,623

The Warnaco Group, Inc.*

12,275

443,618

Timberland Co. "A"* (a)

11,416

184,368

True Religion Apparel, Inc.* (a)

7,019

154,909

Under Armour, Inc. "A"* (a)

9,730

322,355

Unifi, Inc.*

11,329

43,277

UniFirst Corp.

3,896

171,502

Volcom, Inc.* (a)

5,233

97,177

Weyco Group, Inc.

1,997

45,492

Wolverine World Wide, Inc. (a)

13,608

343,194

 

5,323,498

Consumer Staples 3.2%

Beverages 0.2%

Boston Beer Co., Inc. "A"* (a)

2,343

158,035

Coca-Cola Bottling Co. Consolidated

1,174

56,258

Heckmann Corp.*

24,589

114,093

MGP Ingredients, Inc.*

3,092

20,500

National Beverage Corp.

2,978

36,570

 

385,456

Food & Staples Retailing 0.9%

Arden Group, Inc. "A"

379

33,303

Casey's General Stores, Inc. (a)

14,110

492,439

Great Atlantic & Pacific Tea Co., Inc.* (a)

7,801

30,424

Ingles Markets, Inc. "A"

3,451

51,938

Nash Finch Co. (a)

3,425

116,998

Pantry, Inc.* (a)

6,094

85,986

PriceSmart, Inc.

4,367

101,445

Rite Aid Corp.*

155,027

151,927

Ruddick Corp. (a)

12,257

379,844

Spartan Stores, Inc.

6,153

84,419

Susser Holdings Corp.*

2,300

27,117

The Andersons, Inc.

4,983

162,396

United Natural Foods, Inc.*

11,972

357,723

Village Super Market, Inc. "A"

1,627

42,709

Weis Markets, Inc.

3,112

102,416

Winn-Dixie Stores, Inc.*

14,945

144,070

 

2,365,154

Food Products 1.4%

Alico, Inc. (a)

1,130

25,967

American Italian Pasta Co. "A"*

6,028

318,700

B&G Foods, Inc. "A"

13,223

142,544

Bridgford Foods Corp.

620

8,680

Cal-Maine Foods, Inc.

3,798

121,270

Calavo Growers, Inc. (a)

2,900

52,084

Chiquita Brands International, Inc.* (a)

12,448

151,243

Darling International, Inc.*

23,364

175,464

Diamond Foods, Inc. (a)

6,044

248,408

Dole Food Co., Inc.* (a)

9,680

100,962

 


Shares

Value ($)

 

 

Farmer Brothers Co.

2,144

32,353

Fresh Del Monte Produce, Inc.* (a)

10,959

221,810

Griffin Land & Nurseries, Inc.

617

15,672

Hain Celestial Group, Inc.* (a)

11,128

224,452

Harbinger Group, Inc.*

2,645

16,611

Imperial Sugar Co. (a)

3,462

34,966

J & J Snack Foods Corp.

3,934

165,621

John B. Sanfilippo & Son, Inc.*

2,193

31,733

Lancaster Colony Corp.

5,336

284,729

Lance, Inc.

7,176

118,332

Lifeway Foods, Inc.*

1,481

14,425

Limoneira Co.

2,264

49,265

Pilgrim's Pride Corp.*

13,503

88,715

Sanderson Farms, Inc.

6,295

319,408

Seneca Foods Corp. "A"*

2,092

67,488

Smart Balance, Inc.*

16,748

68,499

Synutra International, Inc.* (a)

4,980

80,527

Tootsie Roll Industries, Inc. (a)

6,544

154,766

TreeHouse Foods, Inc.* (a)

9,628

439,615

 

3,774,309

Household Products 0.2%

Cellu Tissue Holdings, Inc.*

2,523

19,604

Central Garden & Pet Co. "A"*

15,911

142,721

Oil-Dri Corp. of America

1,524

34,976

Spectrum Brands Holdings, Inc.*

4,981

126,318

WD-40 Co.

4,578

152,905

 

476,524

Personal Products 0.3%

Elizabeth Arden, Inc.*

6,903

100,231

Female Health Co.

4,952

25,701

Inter Parfums, Inc.

4,035

57,418

Medifast, Inc.* (a)

3,817

98,898

Nature's Sunshine Products, Inc.*

2,086

17,460

Nu Skin Enterprises, Inc. "A"

13,591

338,824

Nutraceutical International Corp.*

2,493

38,043

Prestige Brands Holdings, Inc.*

11,537

81,682

Revlon, Inc. "A"*

2,941

32,822

Schiff Nutrition International, Inc. (a)

3,390

24,137

USANA Health Sciences, Inc.*

1,787

65,279

 

880,495

Tobacco 0.2%

Alliance One International, Inc.* (a)

24,294

86,487

Star Scientific, Inc.* (a)

27,533

45,154

Universal Corp. (a)

6,691

265,499

Vector Group Ltd. (a)

11,933

200,713

 

597,853

Energy 5.3%

Energy Equipment & Services 1.8%

Allis-Chalmers Energy, Inc.*

10,117

20,841

Basic Energy Services, Inc.* (a)

7,002

53,915

Boots & Coots, Inc.*

21,968

64,806

Bristow Group, Inc.* (a)

9,891

290,795

Cal Dive International, Inc.*

26,185

153,182

CARBO Ceramics, Inc. (a)

5,299

382,535

Complete Production Services, Inc.*

21,563

308,351

Dawson Geophysical Co.*

2,194

46,666

Dril-Quip, Inc.*

9,423

414,801

Global Geophysical Services, Inc.*

2,163

15,076

Global Industries Ltd.*

27,685

124,306

Gulf Island Fabrication, Inc.

3,989

61,909

GulfMark Offshore, Inc. "A"*

6,569

172,108

Helix Energy Solutions Group, Inc.*

28,987

312,190

 


Shares

Value ($)

 

 

Hercules Offshore, Inc.* (a)

31,376

76,244

Hornbeck Offshore Services, Inc.* (a)

6,337

92,520

ION Geophysical Corp.* (a)

35,204

122,510

Key Energy Services, Inc.* (a)

34,727

318,794

Lufkin Industries, Inc.

8,258

321,979

Matrix Service Co.*

7,456

69,415

Natural Gas Services Group*

3,396

51,382

Newpark Resources, Inc.*

25,347

153,349

OYO Geospace Corp.*

1,125

54,540

Parker Drilling Co.* (a)

31,101

122,849

PHI, Inc. (Non Voting)*

3,834

54,021

Pioneer Drilling Co.*

14,400

81,648

RPC, Inc. (a)

7,991

109,077

Seahawk Drilling, Inc.*

3,029

29,442

Superior Well Services, Inc.* (a)

6,325

105,754

T-3 Energy Services, Inc.* (a)

3,630

101,277

Tesco Corp.*

8,408

103,250

TETRA Technologies, Inc.* (a)

20,699

187,947

Union Drilling, Inc.*

3,732

20,563

Vantage Drilling Co.*

34,805

46,987

Willbros Group, Inc.*

10,549

78,063

 

4,723,092

Oil, Gas & Consumable Fuels 3.5%

Abraxas Petroleum Corp.*

18,561

51,971

Alon USA Energy, Inc. (a)

2,677

17,026

American Oil & Gas, Inc.*

13,874

87,129

Apco Oil & Gas International, Inc.

2,449

57,576

Approach Resources, Inc.*

3,500

24,080

Arena Resources, Inc.*

10,952

349,369

ATP Oil & Gas Corp.* (a)

12,617

133,614

Berry Petroleum Co. "A" (a)

14,168

364,401

Bill Barrett Corp.*

12,690

390,471

BPZ Resources, Inc.* (a)

26,947

111,830

Brigham Exploration Co.*

32,218

495,513

Callon Petroleum Co.*

7,970

50,211

CAMAC Energy, Inc.*

13,139

49,008

Carrizo Oil & Gas, Inc.* (a)

8,696

135,049

Cheniere Energy, Inc.* (a)

14,291

40,301

Clayton Williams Energy, Inc.*

1,610

67,813

Clean Energy Fuels Corp.* (a)

11,372

169,898

Cloud Peak Energy, Inc.*

8,836

117,165

Contango Oil & Gas Co.*

3,234

144,721

Crosstex Energy, Inc.*

10,946

70,164

CVR Energy, Inc.*

8,358

62,852

Delek US Holdings, Inc.

3,425

25,003

Delta Petroleum Corp.* (a)

52,293

44,972

DHT Holdings, Inc. (a)

14,120

54,362

Endeavour International Corp.* (a)

43,266

45,862

Energy Partners Ltd.*

8,023

97,961

Energy XXI (Bermuda) Ltd.*

14,002

220,952

Evolution Petroleum Corp.*

3,988

19,980

FX Energy, Inc.* (a)

12,008

43,469

Gastar Exploration Ltd.*

12,004

43,334

General Maritime Corp. (a)

14,770

89,211

GeoResources, Inc.*

3,571

49,744

GMX Resources, Inc.* (a)

7,842

50,895

Golar LNG Ltd. (a)

10,143

100,111

Goodrich Petroleum Corp.* (a)

6,451

77,412

Green Plains Renewable Energy, Inc.*

4,440

45,377

Gulfport Energy Corp.*

7,449

88,345

Hallador Energy Co.*

983

8,798

 


Shares

Value ($)

 

 

Harvest Natural Resources, Inc.* (a)

8,927

65,792

Houston American Energy Corp.

4,975

49,053

International Coal Group, Inc.* (a)

35,229

135,632

Isramco, Inc.*

336

15,852

James River Coal Co.* (a)

7,646

121,724

Knightsbridge Tankers Ltd.

4,850

85,311

Kodiak Oil & Gas Corp.*

33,014

105,315

L&L Energy, Inc.*

4,662

40,093

Magnum Hunter Resources Corp.*

13,329

58,114

McMoRan Exploration Co.*

23,245

258,252

Miller Petroleum, Inc.*

4,979

28,679

Nordic American Tanker Shipping Ltd. (a)

13,066

367,024

Northern Oil & Gas, Inc.* (a)

12,507

160,590

Overseas Shipholding Group, Inc.

7,099

262,947

Panhandle Oil & Gas, Inc.

1,844

48,737

Patriot Coal Corp.* (a)

21,682

254,763

Penn Virginia Corp.

12,658

254,552

Petroleum Development Corp.* (a)

5,446

139,527

PetroQuest Energy, Inc.*

15,856

107,187

RAM Energy Resources, Inc.*

15,314

31,700

Rentech, Inc.*

59,802

59,204

Resolute Energy Corp.*

10,479

128,263

REX American Resources Corp.*

1,849

29,584

Rex Energy Corp.*

9,269

93,617

Rosetta Resources, Inc.*

14,722

291,643

Scorpio Tankers, Inc.*

3,725

42,651

Ship Finance International Ltd.

12,208

218,279

Stone Energy Corp.* (a)

12,264

136,866

Swift Energy Co.* (a)

10,458

281,425

Syntroleum Corp.* (a)

20,697

33,943

Teekay Tankers Ltd. "A"

7,573

84,287

TransAtlantic Petroleum Ltd.*

40,722

129,089

Uranium Energy Corp.* (a)

15,302

36,113

USEC, Inc.* (a)

31,294

148,959

VAALCO Energy, Inc.*

13,204

73,942

Venoco, Inc.*

5,429

89,416

W&T Offshore, Inc. (a)

9,912

93,768

Warren Resources, Inc.*

19,323

56,037

Western Refining, Inc.* (a)

14,234

71,597

World Fuel Services Corp. (a)

16,419

425,909

 

9,211,386

Financials 20.8%

Capital Markets 1.9%

American Capital Ltd.* (a)

93,839

452,304

Arlington Asset Investment Corp. "A"

1,872

35,250

Artio Global Investors, Inc. "A"

7,712

121,387

BGC Partners, Inc. "A"

15,712

80,288

BlackRock Kelso Capital Corp.

15,609

154,061

Calamos Asset Management, Inc. "A"

5,815

53,963

Capital Southwest Corp.

783

68,834

Cohen & Steers, Inc. (a)

4,940

102,456

Cowen Group, Inc. "A"*

10,029

41,119

Diamond Hill Investment Group

700

39,683

Duff & Phelps Corp. "A"

7,539

95,218

Epoch Holding Corp. (a)

4,061

49,828

Evercore Partners, Inc. "A"

4,323

100,942

FBR Capital Markets Corp.*

14,578

48,545

Fifth Street Finance Corp.

12,477

137,621

Financial Engines, Inc.*

3,578

48,661

GAMCO Investors, Inc. "A"

2,050

76,260

 


Shares

Value ($)

 

 

GFI Group, Inc.

18,300

102,114

Gladstone Capital Corp.

5,787

62,557

Gladstone Investment Corp.

6,600

38,478

Gleacher & Co., Inc.* (a)

21,525

54,889

Harris & Harris Group, Inc.*

8,500

34,765

Hercules Technology Growth Capital, Inc.

10,450

96,244

HFF, Inc. "A"*

5,279

37,323

International Assets Holding Corp.* (a)

3,389

54,224

Investment Technology Group, Inc.*

12,036

193,298

JMP Group, Inc.

4,691

29,037

KBW, Inc.* (a)

9,802

210,155

Knight Capital Group, Inc. "A"* (a)

26,353

363,408

LaBranche & Co., Inc.* (a)

9,695

41,495

Ladenburg Thalmann Financial Services, Inc.*

25,243

31,554

Main Street Capital Corp. (a)

3,368

50,284

MCG Capital Corp. (a)

21,116

101,990

MF Global Holdings Ltd.* (a)

23,959

136,806

MVC Capital, Inc.

6,694

86,486

NGP Capital Resources Co.

5,775

41,407

Oppenheimer Holdings, Inc. "A"

2,816

67,443

optionsXpress Holdings, Inc.*

11,646

183,308

PennantPark Investment Corp.

8,649

82,598

Penson Worldwide, Inc.* (a)

5,222

29,452

Piper Jaffray Companies, Inc.* (a)

4,761

153,399

Prospect Capital Corp. (a)

18,524

178,757

Pzena Investment Management, Inc. "A"

2,800

17,836

Rodman & Renshaw Capital Group, Inc.*

4,364

12,481

Safeguard Scientifics, Inc.*

5,644

59,601

Sanders Morris Harris Group, Inc.

6,136

34,055

Solar Capital Ltd.

1,550

29,853

Stifel Financial Corp.* (a)

8,612

373,675

SWS Group, Inc.

7,909

75,135

Thomas Weisel Partners Group, Inc.*

6,721

39,587

TICC Capital Corp.

7,343

61,681

TradeStation Group, Inc.*

11,290

76,207

Triangle Capital Corp.

3,242

46,101

Virtus Investment Partners, Inc.*

1,293

24,205

Westwood Holdings Group, Inc.

1,573

55,291

 

5,073,599

Commercial Banks 6.2%

1st Source Corp.

4,460

75,463

1st United Bancorp., Inc.*

6,090

44,822

Alliance Financial Corp. (a)

1,287

35,779

American National Bankshares, Inc.

1,893

40,491

Ameris Bancorp. (a)

6,571

63,477

Ames National Corp.

2,109

41,210

Arrow Financial Corp.

2,580

59,598

BancFirst Corp.

2,065

75,352

Banco Latinoamericano de Comercio Exterior SA "E"

7,652

95,573

Bancorp. Rhode Island, Inc.

1,041

27,274

Bank of Marin Bancorp.

1,320

42,148

Bank of the Ozarks, Inc.

3,578

126,912

Boston Private Financial Holdings, Inc.

19,905

127,989

Bridge Bancorp., Inc.

1,549

37,610

 


Shares

Value ($)

 

 

Bryn Mawr Bank Corp. (a)

2,205

37,000

Camden National Corp.

2,116

58,127

Capital City Bank Group, Inc. (a)

3,126

38,700

Cardinal Financial Corp.

7,879

72,802

Cathay General Bancorp. (a)

21,574

222,859

Center Financial Corp.*

9,881

50,887

Centerstate Banks, Inc.

6,105

61,599

Century Bancorp., Inc. "A"

1,033

22,767

Chemical Financial Corp.

6,740

146,797

Citizens & Northern Corp.

3,658

39,141

Citizens Republic Bancorp., Inc.*

107,757

91,593

City Holding Co. (a)

4,338

120,943

CNB Financial Corp.

2,740

30,085

CoBiz Financial, Inc. (a)

9,034

59,534

Columbia Banking System, Inc. (a)

10,872

198,523

Community Bank System, Inc. (a)

9,087

200,187

Community Trust Bancorp., Inc.

3,759

94,351

CVB Financial Corp. (a)

25,006

237,557

Danvers Bancorp., Inc.

5,171

74,721

Eagle Bancorp., Inc.*

4,712

55,507

Encore Bancshares, Inc.*

2,230

22,055

Enterprise Financial Services Corp.

3,626

34,955

Financial Institutions, Inc.

2,853

50,669

First BanCorp. — North Carolina

4,128

59,815

First BanCorp. — Puerto Rico* (a)

23,808

12,618

First Bancorp., Inc.

2,700

35,451

First Busey Corp.

14,323

64,883

First Commonwealth Financial Corp.

24,794

130,168

First Community Bancshares, Inc.

4,380

64,342

First Financial Bancorp.

16,027

239,604

First Financial Bankshares, Inc. (a)

5,752

276,614

First Financial Corp. — Indiana (a)

3,054

78,824

First Interstate BancSystem, Inc. "A"

3,449

54,253

First Merchants Corp. (a)

6,928

58,749

First Midwest Bancorp., Inc. (a)

20,572

250,156

First of Long Island Corp.

1,711

43,990

First South Bancorp., Inc. (a)

2,400

25,464

FirstMerit Corp. (a)

29,849

511,313

FNB Corp. (a)

31,899

256,149

German American Bancorp., Inc. (a)

2,880

44,064

Glacier Bancorp., Inc.

19,713

289,190

Great Southern Bancorp., Inc.

2,688

54,593

Greene Bancshares, Inc.*

3,288

41,988

Hancock Holding Co. (a)

8,112

270,616

Hanmi Financial Corp.*

14,476

18,240

Heartland Financial USA, Inc. (a)

3,621

62,571

Heritage Financial Corp.*

2,663

39,865

Home Bancorp., Inc.*

2,056

26,543

Home Bancshares, Inc. (a)

6,054

138,092

Hudson Valley Holding Corp.

3,292

76,111

IBERIABANK Corp.

7,397

380,798

Independent Bank Corp. — Massachusetts (a)

5,764

142,256

International Bancshares Corp. (a)

14,696

245,276

Investors Bancorp., Inc.*

13,607

178,524

Lakeland Bancorp., Inc. (a)

5,557

47,346

Lakeland Financial Corp.

4,682

93,546

MainSource Financial Group, Inc.

5,170

37,069

MB Financial, Inc. (a)

14,648

269,377

Merchants Bancshares, Inc.

1,476

32,797

Metro Bancorp., Inc.*

3,770

46,522

MidSouth Bancorp., Inc.

2,182

27,864

 


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Value ($)

 

 

MidWestOne Financial Group, Inc.

1,903

29,458

Nara Bancorp., Inc.*

10,756

90,673

National Bankshares, Inc. (a)

1,801

43,638

National Penn Bancshares, Inc. (a)

34,626

208,102

NBT Bancorp., Inc.

9,448

192,928

Northfield Bancorp., Inc. (a)

4,859

63,070

Old National Bancorp. (a)

24,349

252,256

OmniAmerican Bancorp., Inc.*

3,324

37,528

Oriental Financial Group, Inc. (a)

9,164

116,016

Orrstown Financial Services, Inc.

1,658

36,692

Pacific Continental Corp.

5,134

48,619

PacWest Bancorp. (a)

8,614

157,722

Park National Corp.

3,448

224,258

Peapack-Gladstone Financial Corp. (a)

2,730

31,941

Penns Woods Bancorp., Inc.

1,195

36,352

Peoples Bancorp., Inc.

2,888

41,876

Pinnacle Financial Partners, Inc.* (a)

9,119

117,179

Porter Bancorp., Inc. (a)

730

9,213

PrivateBancorp., Inc.

14,329

158,765

Prosperity Bancshares, Inc. (a)

12,886

447,788

Renasant Corp. (a)

5,828

83,632

Republic Bancorp., Inc. "A" (a)

2,881

64,534

S&T Bancorp., Inc.

6,950

137,332

S.Y. Bancorp., Inc. (a)

3,280

75,374

Sandy Spring Bancorp., Inc. (a)

6,664

93,363

Santander BanCorp.*

884

11,174

SCBT Financial Corp.

3,587

126,334

Sierra Bancorp.

2,333

26,829

Signature Bank* (a)

11,313

430,007

Simmons First National Corp. "A"

4,789

125,759

Southside Bancshares, Inc.

4,547

89,303

Southwest Bancorp., Inc. (a)

5,458

72,537

State Bancorp., Inc.

4,711

44,754

StellarOne Corp.

6,044

77,182

Sterling Bancorp.

7,483

67,347

Sterling Bancshares, Inc.

25,443

119,837

Suffolk Bancorp.

2,567

79,423

Susquehanna Bancshares, Inc. (a)

36,313

302,487

SVB Financial Group*

11,554

476,371

Taylor Capital Group, Inc.*

2,671

34,563

Texas Capital Bancshares, Inc.*

10,126

166,066

The Bancorp., Inc.* (a)

6,263

49,039

Tompkins Financial Corp. (a)

2,172

81,993

Tower Bancorp., Inc.

1,555

34,039

TowneBank (a)

6,517

94,627

TriCo Bancshares

3,873

65,570

Trustmark Corp. (a)

17,651

367,494

UMB Financial Corp.

8,757

311,399

Umpqua Holdings Corp. (a)

31,502

361,643

Union First Market Bankshares Corp.

5,215

63,936

United Bankshares, Inc. (a)

10,733

256,948

United Community Banks, Inc. (a)

26,924

106,350

Univest Corp. of Pennsylvania

4,839

83,811

Virginia Commerce Bancorp., Inc.*

5,560

34,750

Washington Banking Co.

4,402

56,302

Washington Trust Bancorp., Inc.

3,900

66,456

Webster Financial Corp.

18,084

324,427

WesBanco, Inc.

6,114

103,021

West Bancorp.* (a)

4,052

27,594

West Coast Bancorp.

26,072

66,484

Westamerica Bancorp. (a)

8,103

425,570

Western Alliance Bancorp.* (a)

16,341

117,165

 


Shares

Value ($)

 

 

Whitney Holding Corp.

26,736

247,308

Wilshire Bancorp., Inc. (a)

5,344

46,760

Wintrust Financial Corp. (a)

8,598

286,657

 

16,368,323

Consumer Finance 0.5%

Advance America Cash Advance Centers, Inc.

14,750

60,917

Cardtronics, Inc.*

7,459

96,669

Cash America International, Inc. (a)

8,257

282,967

CompuCredit Holdings Corp. (a)

5,046

19,982

Credit Acceptance Corp.*

1,823

88,908

Dollar Financial Corp.* (a)

6,697

132,534

EZCORP, Inc. "A"*

12,607

233,860

First Cash Financial Services, Inc.*

8,311

181,180

Nelnet, Inc. "A"

7,274

140,243

Student Loan Corp.

1,094

26,343

The First Marblehead Corp.* (a)

15,439

36,282

World Acceptance Corp.*

4,539

173,889

 

1,473,774

Diversified Financial Services 0.5%

Asset Acceptance Capital Corp.* (a)

4,934

20,427

ASTA Funding, Inc.

2,924

28,860

California First National Bancorp.

432

5,331

Compass Diversified Holdings

9,425

126,389

Encore Capital Group, Inc.*

3,840

79,142

Life Partners Holdings, Inc. (a)

1,833

37,503

MarketAxess Holdings, Inc.

7,613

104,983

Marlin Business Services Corp.*

2,370

28,653

Medallion Financial Corp.

4,500

29,700

NewStar Financial, Inc.*

7,313

46,511

PHH Corp.*

15,375

292,740

PICO Holdings, Inc.* (a)

6,238

186,953

Portfolio Recovery Associates, Inc.* (a)

4,730

315,870

Primus Guaranty Ltd.*

3,383

12,483

 

1,315,545

Insurance 2.9%

Alterra Capital Holdings Ltd.

26,702

501,464

Ambac Financial Group, Inc.* (a)

80,300

53,801

American Equity Investment Life Holding Co.

15,747

162,509

American Physicians Capital, Inc.

2,296

70,832

American Physicians Service Group, Inc.

1,594

38,973

American Safety Insurance Holdings Ltd.*

2,900

45,588

AMERISAFE, Inc.*

5,090

89,330

AmTrust Financial Services, Inc.

5,973

71,915

Argo Group International Holdings Ltd.

8,660

264,909

Baldwin & Lyons, Inc.

2,192

46,054

Citizens, Inc.* (a)

10,066

67,040

CNA Surety Corp.*

4,630

74,404

CNO Financial Group, Inc.*

61,539

304,618

Crawford & Co. "B"* (a)

7,300

23,068

Delphi Financial Group, Inc. "A" (a)

13,130

320,503

Donegal Group, Inc. "A"

2,772

34,068

eHealth, Inc.* (a)

6,583

74,849

EMC Insurance Group, Inc. (a)

1,245

27,303

Employers Holdings, Inc.

12,058

177,614

Enstar Group Ltd.*

1,872

124,376

FBL Financial Group, Inc. "A"

3,686

77,406

First American Financial Corp.

28,871

366,084

First Mercury Financial Corp.

4,111

43,494

 


Shares

Value ($)

 

 

Flagstone Reinsurance Holdings SA

14,522

157,128

FPIC Insurance Group, Inc.*

2,734

70,127

Gerova Financial Group Ltd.*

1,919

10,382

Greenlight Capital Re Ltd. "A"* (a)

7,853

197,817

Hallmark Financial Services, Inc.*

2,863

28,487

Harleysville Group, Inc.

3,229

100,196

Hilltop Holdings, Inc.*

10,564

105,746

Horace Mann Educators Corp.

11,135

170,365

Infinity Property & Casualty Corp.

3,675

169,712

Kansas City Life Insurance Co.

1,074

31,758

Maiden Holdings Ltd.

13,881

91,198

Meadowbrook Insurance Group, Inc.

15,107

130,373

Montpelier Re Holdings Ltd.

19,568

292,150

National Financial Partners Corp.* (a)

11,803

115,315

National Interstate Corp.

1,857

36,806

National Western Life Insurance Co. "A"

636

97,155

Navigators Group, Inc.*

3,387

139,307

NYMAGIC, Inc.

1,455

28,067

Phoenix Companies, Inc.* (a)

31,041

65,497

Platinum Underwriters Holdings Ltd.

12,524

454,496

PMA Capital Corp. "A"*

9,094

59,566

Presidential Life Corp.

6,199

56,411

Primerica, Inc.*

6,636

142,276

ProAssurance Corp.*

9,025

512,259

RLI Corp.

5,110

268,326

Safety Insurance Group, Inc.

3,509

129,903

Seabright Holdings, Inc.

6,465

61,288

Selective Insurance Group, Inc.

14,764

219,393

State Auto Financial Corp.

3,829

59,388

Stewart Information Services Corp. (a)

5,132

46,291

Tower Group, Inc. (a)

11,210

241,351

United America Indemnity Ltd. "A"*

7,665

56,414

United Fire & Casualty Co.

6,338

125,619

Universal Insurance Holdings, Inc.

4,094

17,113

 

7,547,882

Real Estate Investment Trusts 7.1%

Acadia Realty Trust (REIT)

11,109

186,853

Agree Realty Corp. (REIT)

2,410

56,201

Alexander's, Inc. (REIT)

568

172,059

American Campus Communities, Inc. (REIT)

14,507

395,896

American Capital Agency Corp. (REIT) (a)

9,038

238,784

Anworth Mortgage Asset Corp. (REIT)

33,079

235,522

Apollo Commercial Real Estate Finance, Inc. (REIT)

2,962

48,755

Ashford Hospitality Trust (REIT)* (a)

10,913

79,992

Associated Estates Realty Corp. (REIT)

8,802

113,986

BioMed Realty Trust, Inc. (REIT)

31,456

506,127

CapLease, Inc. (REIT)

15,565

71,755

Capstead Mortgage Corp. (REIT) (a)

19,328

213,768

CBL & Associates Properties, Inc. (REIT) (a)

38,264

476,004

Cedar Shopping Centers, Inc. (REIT)

15,179

91,378

Chatham Lodging Trust (REIT)*

2,408

43,031

Chesapeake Lodging Trust (REIT)*

2,132

33,728

Cogdell Spencer, Inc. (REIT)

11,972

80,931

Colonial Properties Trust (REIT)

19,275

280,066

Colony Financial, Inc. (REIT)

4,286

72,433

Cousins Properties, Inc. (REIT)

24,891

167,765

 


Shares

Value ($)

 

 

CreXus Investment Corp. (REIT)

3,610

44,872

Cypress Sharpridge Investments, Inc. (REIT)

4,302

54,463

DCT Industrial Trust, Inc. (REIT)

57,721

260,899

DiamondRock Hospitality Co. (REIT) (a)

42,792

351,750

DuPont Fabros Technology, Inc. (REIT) (a)

11,342

278,560

Dynex Capital, Inc. (REIT)

3,434

31,696

EastGroup Properties, Inc. (REIT)

7,465

265,605

Education Realty Trust, Inc. (REIT)

16,012

96,552

Entertainment Properties Trust (REIT) (a)

12,819

488,019

Equity Lifestyle Properties, Inc. (REIT)

7,252

349,764

Equity One, Inc. (REIT) (a)

10,383

161,975

Excel Trust, Inc. (REIT)*

4,207

50,484

Extra Space Storage, Inc. (REIT) (a)

24,154

335,741

FelCor Lodging Trust, Inc. (REIT)*

17,386

86,756

First Industrial Realty Trust, Inc. (REIT)*

17,629

84,972

First Potomac Realty Trust (REIT)

10,299

147,997

Franklin Street Properties Corp. (REIT) (a)

19,397

229,079

Getty Realty Corp. (REIT)

5,787

129,687

Gladstone Commercial Corp. (REIT)

2,098

34,281

Glimcher Realty Trust (REIT) (a)

19,148

114,505

Government Properties Income Trust (REIT)

5,881

150,083

Hatteras Financial Corp. (REIT)

10,028

278,979

Healthcare Realty Trust, Inc. (REIT) (a)

17,270

379,422

Hersha Hospitality Trust (REIT)

30,574

138,194

Highwoods Properties, Inc. (REIT) (a)

19,836

550,647

Home Properties, Inc. (REIT) (a)

10,963

494,102

Inland Real Estate Corp. (REIT) (a)

21,159

167,579

Invesco Mortgage Capital (REIT)

7,184

143,752

Investors Real Estate Trust (REIT) (a)

21,226

187,426

iStar Financial, Inc. (REIT)*

25,586

114,114

Kilroy Realty Corp. (REIT) (a)

15,010

446,247

Kite Realty Group Trust (REIT)

14,993

62,671

LaSalle Hotel Properties (REIT)

19,351

398,050

Lexington Realty Trust (REIT)

26,846

161,344

LTC Properties, Inc. (REIT)

6,519

158,216

Medical Properties Trust, Inc. (REIT) (a)

30,773

290,497

MFA Financial, Inc. (REIT) (a)

77,474

573,308

Mid-America Apartment Communities, Inc. (REIT) (a)

8,256

424,936

Mission West Properties, Inc. (REIT)

4,927

33,602

Monmouth Real Estate Investment Corp. "A" (REIT)

7,368

54,450

MPG Office Trust, Inc. (REIT)*

13,374

39,186

National Health Investors, Inc. (REIT)

6,742

259,972

National Retail Properties, Inc. (REIT) (a)

23,014

493,420

Newcastle Investment Corp. (REIT)*

17,287

46,329

NorthStar Realty Finance Corp. (REIT) (a)

20,986

56,033

OMEGA Healthcare Investors, Inc. (REIT) (a)

25,882

515,828

One Liberty Properties, Inc. (REIT)

2,332

34,770

Parkway Properties, Inc. (REIT)

6,013

87,609

Pebblebrook Hotel Trust (REIT)*

5,147

97,021

Pennsylvania Real Estate Investment Trust (REIT)

15,358

187,675

 


Shares

Value ($)

 

 

Pennymac Mortgage Investment Trust (REIT)*

4,837

76,908

Post Properties, Inc. (REIT) (a)

13,420

305,037

Potlatch Corp. (REIT) (a)

11,071

395,567

PS Business Parks, Inc. (REIT)

5,222

291,283

RAIT Financial Trust (REIT)*

20,393

38,135

Ramco-Gershenson Properties Trust (REIT)

10,565

106,706

Redwood Trust, Inc. (REIT) (a)

21,394

313,208

Resource Capital Corp. (REIT)

12,189

69,234

Retail Opportunity Investments Corp.

11,617

112,104

Saul Centers, Inc. (REIT)

1,750

71,102

Sovran Self Storage, Inc. (REIT) (a)

7,719

265,765

Starwood Property Trust, Inc. (REIT)

12,901

218,672

Strategic Hotels & Resorts, Inc. (REIT)*

39,002

171,219

Sun Communities, Inc. (REIT) (a)

5,282

137,121

Sunstone Hotel Investors, Inc. (REIT)* (a)

27,154

269,639

Tanger Factory Outlet Centers, Inc. (REIT) (a)

11,220

464,284

Terreno Realty Corp. (REIT)*

2,555

45,249

Two Harbors Investment Corp. (REIT)

7,206

59,449

U-Store-It Trust (REIT)

25,895

193,177

UMH Properties, Inc. (REIT)

2,562

25,799

Universal Health Realty Income Trust (REIT)

3,136

100,760

Urstadt Biddle Properties "A" (REIT)

5,687

91,731

Walter Investment Management Corp. (REIT)

7,418

121,284

Washington Real Estate Investment Trust (REIT)

16,832

464,395

Winthrop Realty Trust (REIT)

4,999

64,037

 

18,660,018

Real Estate Management & Development 0.2%

Avatar Holdings, Inc.*

2,200

42,196

Consolidated-Tomoka Land Co.

1,414

40,299

Forestar Group, Inc.* (a)

10,262

184,306

Kennedy-Wilson Holdings, Inc.*

5,753

58,105

Tejon Ranch Co.*

3,636

83,919

Thomas Properties Group, Inc.

9,793

32,415

 

441,240

Thrifts & Mortgage Finance 1.5%

Abington Bancorp., Inc.

5,774

50,349

Astoria Financial Corp. (a)

24,146

332,249

Bank Mutual Corp.

12,588

71,500

BankFinancial Corp.

5,273

43,819

Beneficial Mutual Bancorp., Inc.*

9,529

94,146

Berkshire Hills Bancorp., Inc.

3,964

77,219

BofI Holding, Inc.*

1,931

27,266

Brookline Bancorp., Inc.

16,266

144,442

Clifton Savings Bancorp., Inc.

3,000

25,950

Dime Community Bancshares

7,457

91,945

Doral Financial Corp.*

5,953

14,525

ESB Financial Corp.

2,104

27,457

ESSA Bancorp., Inc.

3,920

48,255

Federal Agricultural Mortgage Corp. "C"

2,672

37,488

First Financial Holdings, Inc.

4,800

54,960

Flagstar Bancorp., Inc.*

13,107

41,156

Flushing Financial Corp.

8,424

103,025

Fox Chase Bancorp.*

1,710

16,365

Heritage Financial Group (a)

350

3,787

Home Federal Bancorp., Inc.

4,624

58,401

 


Shares

Value ($)

 

 

K-Fed Bancorp. (a)

1,069

9,707

Kearny Financial Corp. (a)

4,150

38,014

Meridian Interstate Bancorp., Inc.*

2,800

30,520

MGIC Investment Corp.* (a)

55,054

379,322

NASB Financial, Inc. (a)

1,000

15,150

NewAlliance Bancshares, Inc.

29,074

325,920

Northwest Bancshares, Inc.

30,579

350,741

OceanFirst Financial Corp.

3,998

48,256

Ocwen Financial Corp.* (a)

20,501

208,905

Oritani Financial Corp.

15,619

156,190

Provident Financial Services, Inc. (a)

16,559

193,575

Provident New York Bancorp.

10,753

95,164

Radian Group, Inc. (a)

36,360

263,246

Rockville Financial, Inc.

2,500

29,775

Roma Financial Corp.

2,001

21,731

Territorial Bancorp., Inc.

3,379

64,032

The PMI Group, Inc.*

38,705

111,857

TrustCo Bank Corp. (a)

20,741

116,150

United Financial Bancorp., Inc.

4,635

63,268

ViewPoint Financial Group (a)

2,749

38,074

Waterstone Financial, Inc.*

3,020

10,298

Westfield Financial, Inc.

7,834

65,257

WSFS Financial Corp.

1,351

48,541

 

4,047,997

Health Care 13.6%

Biotechnology 3.2%

Acorda Therapeutics, Inc.* (a)

10,579

329,113

Affymax, Inc.* (a)

5,818

34,792

Alkermes, Inc.* (a)

26,279

327,174

Allos Therapeutics, Inc.*

21,791

133,579

Alnylam Pharmaceuticals, Inc.* (a)

10,094

151,612

AMAG Pharmaceuticals, Inc.* (a)

5,958

204,657

Anthera Pharmaceuticals, Inc.*

1,642

8,801

Arena Pharmaceuticals, Inc.* (a)

27,846

85,487

ARIAD Pharmaceuticals, Inc.*

30,473

85,934

ArQule, Inc.*

10,964

47,145

Array BioPharma, Inc.*

15,833

48,291

AspenBio Pharma, Inc.*

9,688

9,494

Aveo Pharmaceuticals, Inc.*

2,625

18,559

AVI BioPharma, Inc.* (a)

31,729

51,084

BioCryst Pharmaceuticals, Inc.*

8,605

50,856

BioSante Pharmaceuticals, Inc.*

17,860

31,434

BioSpecifics Technologies Corp.*

1,133

22,524

BioTime, Inc.*

5,896

36,319

Celera Corp.*

22,722

148,829

Celldex Therapeutics, Inc.* (a)

9,632

43,922

Cepheid, Inc.* (a)

16,712

267,726

Chelsea Therapeutics International Ltd.*

7,764

22,749

Clinical Data, Inc.*

2,793

34,745

Codexis, Inc.*

1,717

15,041

Combinatorx, Inc.*

18,220

26,419

Cubist Pharmaceuticals, Inc.* (a)

16,395

337,737

Curis, Inc.* (a)

20,390

28,342

Cytokinetics, Inc.*

14,310

33,915

Cytori Therapeutics, Inc.* (a)

11,552

40,201

CytRx Corp.*

30,797

23,714

Dyax Corp.* (a)

27,197

61,737

Dynavax Technologies Corp.*

19,970

37,144

Emergent Biosolutions, Inc.*

5,203

85,017

Enzon Pharmaceuticals, Inc.* (a)

13,743

146,363

Exact Sciences Corp.*

9,878

43,463

Exelixis, Inc.* (a)

29,032

100,741

 


Shares

Value ($)

 

 

Genomic Health, Inc.* (a)

3,714

48,022

Geron Corp.* (a)

27,300

137,046

Halozyme Therapeutics, Inc.* (a)

20,380

143,475

Idenix Pharmaceuticals, Inc.* (a)

8,923

44,615

ImmunoGen, Inc.* (a)

18,441

170,948

Immunomedics, Inc.* (a)

17,735

54,801

Incyte Corp.* (a)

24,304

269,045

Infinity Pharmaceuticals, Inc.* (a)

4,077

24,095

Inhibitex, Inc.*

13,677

34,876

Inovio Pharmaceuticals, Inc.*

22,423

22,871

InterMune, Inc.*

12,258

114,612

Ironwood Pharmaceuticals, Inc. "A"*

5,300

63,176

Isis Pharmaceuticals, Inc.* (a)

26,187

250,610

Keryx Biopharmaceuticals, Inc.*

14,167

51,851

Lexicon Pharmaceuticals, Inc.* (a)

55,160

70,605

Ligand Pharmaceuticals, Inc. "B"*

34,591

50,503

MannKind Corp.* (a)

17,333

110,758

Martek Biosciences Corp.* (a)

9,211

218,393

Maxygen, Inc.*

9,217

50,970

Medivation, Inc.* (a)

9,601

84,873

Metabolix, Inc.* (a)

7,437

106,423

Micromet, Inc.* (a)

22,431

139,969

Momenta Pharmaceuticals, Inc.* (a)

11,014

135,032

Nabi Biopharmaceuticals*

11,823

64,317

Nanosphere, Inc.*

5,646

24,617

Neuralstem, Inc.*

11,745

29,362

Neurocrine Biosciences, Inc.* (a)

13,100

73,360

NeurogesX, Inc.*

3,322

22,025

Novavax, Inc.* (a)

21,587

46,844

NPS Pharmaceuticals, Inc.*

15,762

101,507

Nymox Pharmaceutical Corp.*

5,140

16,037

Omeros Corp.* (a)

5,239

38,873

Onyx Pharmaceuticals, Inc.* (a)

17,349

374,565

Opko Health, Inc.* (a)

24,539

55,458

Orexigen Therapeutics, Inc.* (a)

8,596

36,103

Osiris Therapeutics, Inc.* (a)

3,897

22,642

PDL BioPharma, Inc.

33,116

186,112

Peregrine Pharmaceuticals, Inc.*

14,359

30,872

Pharmacyclics, Inc.*

10,537

70,176

Pharmasset, Inc.*

8,092

221,235

Progenics Pharmaceuticals, Inc.* (a)

7,227

39,604

Rigel Pharmaceuticals, Inc.* (a)

15,022

108,158

Sangamo BioSciences, Inc.* (a)

13,584

50,397

Savient Pharmaceuticals, Inc.* (a)

19,047

239,992

SciClone Pharmaceuticals, Inc.*

11,399

30,321

Seattle Genetics, Inc.* (a)

23,242

278,672

SIGA Technologies, Inc.* (a)

8,614

66,328

Spectrum Pharmaceuticals, Inc.* (a)

13,828

54,206

StemCells, Inc.* (a)

34,035

31,993

Synta Pharmaceuticals Corp.*

5,100

13,770

Targacept, Inc.*

6,599

127,559

Theravance, Inc.* (a)

17,601

221,245

Transcept Pharmaceuticals, Inc.*

1,485

12,370

Vanda Pharmaceuticals, Inc.* (a)

7,331

48,458

Vical, Inc.* (a)

15,702

48,676

ZIOPHARM Oncology, Inc.*

13,547

43,079

ZymoGenetics, Inc.*

14,783

62,384

 

8,463,546

Health Care Equipment & Supplies 3.9%

Abaxis, Inc.* (a)

5,983

128,216

ABIOMED, Inc.* (a)

8,507

82,348

Accuray, Inc.*

14,200

94,146

AGA Medical Holdings, Inc.*

3,386

42,968

 


Shares

Value ($)

 

 

Align Technology, Inc.* (a)

16,684

248,091

Alimera Sciences, Inc.*

1,779

13,236

Alphatec Holdings, Inc.* (a)

14,080

65,331

American Medical Systems Holdings, Inc.* (a)

20,702

457,928

Analogic Corp.

3,662

166,658

AngioDynamics, Inc.*

6,799

100,285

Antares Pharma, Inc.*

19,564

34,433

ArthroCare Corp.*

7,457

228,557

Atrion Corp.

417

56,316

ATS Medical, Inc.* (a)

14,102

55,985

Cantel Medical Corp.

3,630

60,621

Cerus Corp.*

10,868

34,343

Conceptus, Inc.* (a)

8,317

129,579

CONMED Corp.*

7,975

148,574

CryoLife, Inc.*

7,954

42,872

Cutera, Inc.*

4,245

39,096

Cyberonics, Inc.* (a)

7,654

181,247

Cynosure, Inc. "A"*

2,868

30,888

Delcath Systems, Inc.* (a)

9,911

62,836

Dexcom, Inc.* (a)

16,287

188,278

Dynavox, Inc. "A"*

2,601

41,642

Endologix, Inc.* (a)

14,308

64,815

ev3, Inc.*

23,003

515,497

Exactech, Inc.*

2,330

39,796

Greatbatch, Inc.* (a)

6,518

145,417

Haemonetics Corp.*

6,951

372,018

Hansen Medical, Inc.* (a)

11,134

23,715

HealthTronics, Inc.*

12,667

61,182

HeartWare International, Inc.*

2,585

181,131

ICU Medical, Inc.*

3,184

102,429

Immucor, Inc.* (a)

19,289

367,455

Insulet Corp.* (a)

10,595

159,455

Integra LifeSciences Holdings* (a)

5,809

214,933

Invacare Corp. (a)

7,858

162,975

IRIS International, Inc.*

4,512

45,752

Kensey Nash Corp.* (a)

2,218

52,589

MAKO Surgical Corp.* (a)

7,097

88,358

Masimo Corp. (a)

14,493

345,078

Medical Action Industries, Inc.*

3,662

43,907

MELA Sciences, Inc.* (a)

6,908

51,396

Meridian Bioscience, Inc. (a)

11,203

190,451

Merit Medical Systems, Inc.* (a)

7,599

122,116

Micrus Endovascular Corp.*

4,628

96,216

Natus Medical, Inc.*

8,038

130,939

Neogen Corp.*

6,184

161,093

NuVasive, Inc.* (a)

10,824

383,819

NxStage Medical, Inc.*

6,878

102,070

OraSure Technologies, Inc.*

13,078

60,551

Orthofix International NV*

4,765

152,718

Orthovita, Inc.*

17,658

35,846

Palomar Medical Technologies, Inc.*

5,096

57,024

Quidel Corp.* (a)

5,999

76,127

Rochester Medical Corp.*

3,230

30,523

RTI Biologics, Inc.*

14,435

42,295

SenoRx, Inc.*

4,617

50,695

Sirona Dental Systems, Inc.*

9,262

322,688

Solta Medical, Inc.*

16,467

31,287

Somanetics Corp.*

3,317

82,759

SonoSite, Inc.* (a)

3,890

105,458

Spectranetics Corp.*

8,299

42,989

STAAR Surgical Co.*

9,642

55,152

Stereotaxis, Inc.* (a)

6,688

22,137

 


Shares

Value ($)

 

 

STERIS Corp.

16,572

515,058

SurModics, Inc.* (a)

4,848

79,556

Symmetry Medical, Inc.*

9,633

101,532

Syneron Medical Ltd.*

9,887

101,638

Synovis Life Technologies, Inc.*

3,152

48,163

TomoTherapy, Inc.*

15,020

47,764

Unilife Corp.*

13,426

78,139

Vascular Solutions, Inc.*

4,436

55,450

Volcano Corp.* (a)

14,076

307,138

West Pharmaceutical Services, Inc. (a)

9,308

339,649

Wright Medical Group, Inc.*

10,744

178,458

Young Innovations, Inc.

1,729

48,671

Zoll Medical Corp.* (a)

5,933

160,784

 

10,189,325

Health Care Providers & Services 3.6%

Accretive Health, Inc.*

3,229

42,720

Air Methods Corp.*

3,122

92,880

Alliance HealthCare Services, Inc.*

6,523

26,353

Allied Healthcare International, Inc.*

14,314

33,208

Almost Family, Inc.*

2,247

78,488

Amedisys, Inc.* (a)

7,937

348,990

America Service Group, Inc.

2,655

45,666

American Dental Partners, Inc.*

4,113

49,808

AMERIGROUP Corp.* (a)

14,317

465,016

AMN Healthcare Services, Inc.*

9,695

72,519

AmSurg Corp.*

8,699

155,016

Assisted Living Concepts, Inc. "A"*

2,797

82,763

Bio-Reference Laboratories, Inc.* (a)

6,505

144,216

BioScrip, Inc.*

10,874

56,980

Capital Senior Living Corp.*

7,192

35,744

CardioNet, Inc.*

7,092

38,864

Catalyst Health Solutions, Inc.*

10,403

358,904

Centene Corp.* (a)

13,667

293,841

Chemed Corp. (a)

6,363

347,674

Chindex International, Inc.*

4,200

52,626

Clarient, Inc.* (a)

15,301

47,127

Continucare Corp.*

9,074

30,398

CorVel Corp.*

1,890

63,863

Cross Country Healthcare, Inc.*

8,074

72,585

Emeritus Corp.* (a)

5,588

91,140

Five Star Quality Care, Inc.*

8,717

26,325

Genoptix, Inc.* (a)

4,812

82,766

Gentiva Health Services, Inc.*

7,726

208,679

Hanger Orthopedic Group, Inc.*

7,261

130,408

Health Grades, Inc.*

7,555

45,330

HEALTHSOUTH Corp.* (a)

25,937

485,281

Healthspring, Inc.*

16,005

248,238

Healthways, Inc.*

9,139

108,937

HMS Holdings Corp.* (a)

7,540

408,819

inVentiv Health, Inc.*

9,287

237,747

IPC The Hospitalist Co.*

4,582

115,008

Kindred Healthcare, Inc.*

11,063

142,049

Landauer, Inc.

2,590

157,679

LCA-Vision, Inc.*

5,151

28,537

LHC Group, Inc.* (a)

4,416

122,544

Magellan Health Services, Inc.*

9,200

334,144

MedCath Corp.*

5,282

41,517

Metropolitan Health Networks, Inc.* (a)

11,032

41,149

Molina Healthcare, Inc.* (a)

3,725

107,280

MWI Veterinary Supply, Inc.* (a)

3,367

169,225

National Healthcare Corp.

2,443

84,186

 


Shares

Value ($)

 

 

National Research Corp.

400

9,644

Odyssey HealthCare, Inc.*

9,147

244,408

Owens & Minor, Inc.

17,405

493,954

PDI, Inc.*

2,469

20,443

PharMerica Corp.*

8,512

124,786

Prospect Medical Holdings, Inc.*

2,597

15,712

Providence Service Corp.*

3,580

50,120

PSS World Medical, Inc.* (a)

15,811

334,403

Psychiatric Solutions, Inc.*

15,727

514,587

RehabCare Group, Inc.*

6,794

147,973

Res-Care, Inc.*

6,978

67,408

Rural/Metro Corp.*

5,268

42,882

Select Medical Holdings Corp.*

13,857

93,950

Skilled Healthcare Group, Inc. "A"*

5,574

37,847

Sun Healthcare Group, Inc.*

12,573

101,590

Sunrise Senior Living, Inc.*

14,827

41,219

Team Health Holdings, Inc.*

4,303

55,595

The Ensign Group, Inc.

4,141

68,409

Triple-S Management Corp. "B"* (a)

5,752

106,700

Universal American Financial Corp.*

8,812

126,893

US Physical Therapy, Inc.*

2,702

45,610

Virtual Radiologic Corp.*

2,021

34,680

WellCare Health Plans, Inc.*

11,800

280,132

 

9,512,182

Health Care Technology 0.7%

athenahealth, Inc.* (a)

9,158

239,299

Computer Programs & Systems, Inc. (a)

2,747

112,407

Eclipsys Corp.*

15,936

284,298

MedAssets, Inc.* (a)

11,904

274,744

Medidata Solutions, Inc.*

5,205

80,625

MedQuist, Inc.

2,760

21,832

Merge Healthcare, Inc.*

14,412

42,227

Omnicell, Inc.*

9,392

109,792

Phase Forward, Inc.*

11,488

191,620

Quality Systems, Inc. (a)

5,216

302,476

Transcend Services, Inc.*

2,756

37,206

Vital Images, Inc.*

4,077

51,982

 

1,748,508

Life Sciences Tools & Services 0.6%

Accelrys, Inc.*

7,323

47,233

Affymetrix, Inc.*

20,157

118,926

Albany Molecular Research, Inc.*

5,601

28,957

Bruker Corp.*

20,086

244,246

Caliper Life Sciences, Inc.*

12,435

53,098

Cambrex Corp.*

9,285

29,248

Dionex Corp.* (a)

4,942

367,981

Enzo Biochem, Inc.*

8,310

33,822

eResearchTechnology, Inc.*

13,522

106,553

Furiex Pharmaceuticals, Inc.*

2,399

24,374

Kendle International, Inc.*

3,895

44,870

Luminex Corp.* (a)

10,358

168,007

PAREXEL International Corp.*

15,957

345,948

PURE Bioscience*

9,765

23,338

Sequenom, Inc.* (a)

16,821

99,412

 

1,736,013

Pharmaceuticals 1.6%

Acura Pharmaceuticals, Inc.* (a)

2,300

5,773

Akorn, Inc.*

13,753

40,846

Alexza Pharmaceuticals, Inc.*

10,700

29,104

Aoxing Pharmaceutical Co., Inc.*

6,729

21,937

Ardea Biosciences, Inc.* (a)

3,665

75,352

Auxilium Pharmaceuticals, Inc.* (a)

11,520

270,720

 


Shares

Value ($)

 

 

AVANIR Pharmaceuticals, Inc. "A"* (a)

19,645

50,488

Biodel, Inc.*

4,905

18,541

BioMimetic Therapeutics, Inc.*

3,925

43,646

BMP Sunstone Corp.*

7,561

38,939

Cadence Pharmaceuticals, Inc.* (a)

7,576

53,108

Caraco Pharmaceutical Laboratories Ltd.*

3,300

15,576

Corcept Therapeutics, Inc.*

7,031

21,937

Cornerstone Therapeutics, Inc.*

2,025

11,927

Cumberland Pharmaceuticals, Inc.* (a)

4,135

26,547

Cypress Bioscience, Inc.* (a)

11,953

27,492

DepoMed, Inc.*

16,100

45,080

Durect Corp.*

22,554

54,806

Eurand NV*

5,018

48,624

Hi-Tech Pharmacal Co., Inc.* (a)

2,932

67,172

Impax Laboratories, Inc.* (a)

17,508

333,703

Inspire Pharmaceuticals, Inc.*

16,544

82,555

Jazz Pharmaceuticals, Inc.*

4,074

31,899

Lannett Co., Inc.*

3,149

14,391

MAP Pharmaceuticals, Inc.*

3,810

49,987

Medicines Co.*

14,145

107,643

Medicis Pharmaceutical Corp. "A"

16,531

361,698

Nektar Therapeutics* (a)

26,065

315,387

NeoStem, Inc.*

7,214

13,202

Obagi Medical Products, Inc.*

5,002

59,124

Optimer Pharmaceuticals, Inc.*

9,620

89,177

Pain Therapeutics, Inc.* (a)

10,187

56,640

Par Pharmaceutical Companies, Inc.* (a)

9,653

250,592

POZEN, Inc.* (a)

6,813

47,759

Questcor Pharmaceuticals, Inc.*

15,149

154,671

Salix Pharmaceuticals Ltd.* (a)

15,713

613,278

Santarus, Inc.*

13,042

32,344

Somaxon Pharmaceuticals, Inc.*

7,831

28,192

Sucampo Pharmaceuticals, Inc. "A"*

3,421

12,076

SuperGen, Inc.*

14,365

29,017

ViroPharma, Inc.* (a)

21,767

244,008

VIVUS, Inc.* (a)

22,154

212,678

XenoPort, Inc.*

7,587

74,429

 

4,182,065

Industrials 15.1%

Aerospace & Defense 1.8%

AAR Corp.* (a)

10,717

179,403

Aerovironment, Inc.* (a)

4,619

100,371

American Science & Engineering, Inc.

2,484

189,306

Applied Energetics, Inc.*

21,832

22,487

Applied Signal Technology, Inc.

3,690

72,508

Argon ST, Inc.*

3,713

127,319

Astronics Corp.* (a)

2,379

38,920

Ceradyne, Inc.*

7,288

155,745

Cubic Corp.

4,363

158,726

Curtiss-Wright Corp. (a)

12,881

374,064

DigitalGlobe, Inc.*

7,701

202,536

Ducommun, Inc.

2,748

46,991

DynCorp International, Inc. "A"*

4,295

75,248

Esterline Technologies Corp.*

8,289

393,313

GenCorp, Inc.* (a)

15,378

67,356

GeoEye, Inc.*

6,096

189,829

Global Defense Technology & Systems, Inc.*

1,047

13,370

HEICO Corp. (a)

8,227

295,514

 


Shares

Value ($)

 

 

Herley Industries, Inc.*

3,673

52,377

Hexcel Corp.*

26,682

413,838

Kratos Defense & Security Solutions, Inc.*

4,513

47,387

Ladish Co., Inc.*

4,225

95,992

LMI Aerospace, Inc.*

2,600

41,002

Moog, Inc. "A"*

12,588

405,711

Orbital Sciences Corp.*

16,255

256,341

Stanley, Inc.*

3,858

144,212

Taser International, Inc.* (a)

16,230

63,297

Teledyne Technologies, Inc.*

9,931

383,138

Triumph Group, Inc. (a)

4,580

305,165

 

4,911,466

Air Freight & Logistics 0.4%

Air Transport Services Group, Inc.*

15,032

71,552

Atlas Air Worldwide Holdings, Inc.* (a)

7,164

340,290

Dynamex, Inc.*

2,382

29,060

Forward Air Corp.

7,948

216,583

Hub Group, Inc. "A"*

10,512

315,465

Pacer International, Inc.* (a)

9,352

65,371

Park-Ohio Holdings Corp.*

2,182

31,399

 

1,069,720

Airlines 0.7%

AirTran Holdings, Inc.* (a)

37,192

180,381

Alaska Air Group, Inc.*

9,886

444,376

Allegiant Travel Co.

4,273

182,414

Hawaiian Holdings, Inc.* (a)

14,430

74,603

JetBlue Airways Corp.* (a)

67,497

370,559

Pinnacle Airlines Corp.*

4,988

27,135

Republic Airways Holdings, Inc.* (a)

10,089

61,644

SkyWest, Inc.

15,449

188,787

US Airways Group, Inc.* (a)

44,512

383,248

 

1,913,147

Building Products 0.7%

A.O. Smith Corp.

6,736

324,608

AAON, Inc. (a)

3,343

77,925

American Woodmark Corp. (a)

2,550

43,605

Ameron International Corp.

2,512

151,549

Apogee Enterprises, Inc. (a)

8,149

88,254

Builders FirstSource, Inc.*

12,786

30,686

Gibraltar Industries, Inc.*

8,636

87,224

Griffon Corp.*

12,756

141,081

Insteel Industries, Inc.

5,054

58,728

NCI Building Systems, Inc.*

5,312

44,461

PGT, Inc.*

5,436

13,971

Quanex Building Products Corp.

10,505

181,631

Simpson Manufacturing Co., Inc. (a)

11,118

272,947

Trex Co., Inc.* (a)

4,301

86,407

Universal Forest Products, Inc.

5,250

159,128

 

1,762,205

Commercial Services & Supplies 2.5%

ABM Industries, Inc. (a)

14,366

300,968

Acco Brands Corp.*

15,368

76,686

American Reprographics Co.*

10,149

88,601

APAC Customer Services, Inc.*

8,339

47,532

ATC Technology Corp.*

5,653

91,126

Bowne & Co., Inc.

10,998

123,398

Casella Waste Systems, Inc. "A"*

7,082

27,053

Cenveo, Inc.* (a)

15,962

87,472

Clean Harbors, Inc.*

6,401

425,090

Consolidated Graphics, Inc.*

2,564

110,867

Cornell Companies, Inc.*

3,231

86,817

 


Shares

Value ($)

 

 

Courier Corp.

2,510

30,647

Deluxe Corp.

14,140

265,125

EnergySolutions

24,589

125,158

EnerNOC, Inc.* (a)

5,452

171,411

Ennis, Inc.

7,431

111,539

Fuel Tech, Inc.*

4,216

26,645

G & K Services, Inc. "A"

5,162

106,595

Healthcare Services Group, Inc.

11,886

225,240

Herman Miller, Inc.

15,725

296,731

HNI Corp. (a)

12,425

342,806

Innerworkings, Inc.* (a)

7,246

49,490

Interface, Inc. "A"

14,374

154,377

Kimball International, Inc. "B"

9,128

50,478

Knoll, Inc.

12,958

172,212

M&F Worldwide Corp.*

2,950

79,945

McGrath Rentcorp.

6,588

150,075

Metalico, Inc.*

10,662

42,435

Mine Safety Appliances Co. (a)

7,275

180,274

Mobile Mini, Inc.* (a)

10,208

166,186

Multi-Color Corp.

3,300

33,792

North American Galvanizing & Coatings, Inc.* (a)

4,004

30,711

Rollins, Inc. (a)

11,829

244,742

Schawk, Inc.

2,999

44,835

Standard Parking Corp.*

4,313

68,275

Standard Register Co.

5,456

17,132

Steelcase, Inc. "A" (a)

21,131

163,765

Sykes Enterprises, Inc.*

11,407

162,322

Team, Inc.*

5,268

68,747

Tetra Tech, Inc.* (a)

17,098

335,292

The Brink's Co.

13,272

252,566

The Geo Group, Inc.* (a)

13,627

282,760

United Stationers, Inc.*

6,727

366,420

US Ecology, Inc.

5,300

77,221

Viad Corp.

5,490

96,898

Waste Services, Inc.*

7,500

87,450

 

6,545,907

Construction & Engineering 0.8%

Argan, Inc.*

2,332

24,323

Comfort Systems USA, Inc.

10,737

103,719

Dycom Industries, Inc.*

10,750

91,913

EMCOR Group, Inc.*

18,503

428,715

Furmanite Corp.*

9,652

38,318

Granite Construction, Inc. (a)

9,861

232,522

Great Lakes Dredge & Dock Co.

16,233

97,398

Insituform Technologies, Inc. "A"*

10,809

221,368

Layne Christensen Co.*

5,552

134,747

MasTec, Inc.*

14,772

138,857

Michael Baker Corp.*

2,264

79,014

MYR Group, Inc.*

5,521

92,145

Northwest Pipe Co.*

2,425

46,075

Orion Marine Group, Inc.*

7,484

106,273

Pike Electric Corp.*

4,276

40,280

Primoris Services Corp.

5,581

35,160

Sterling Construction Co., Inc.*

4,300

55,642

Tutor Perini Corp.*

7,666

126,336

 

2,092,805

Electrical Equipment 1.8%

A123 Systems, Inc.*

20,142

189,939

Acuity Brands, Inc. (a)

12,029

437,615

Advanced Battery Technologies, Inc.* (a)

15,400

50,512

American Superconductor Corp.* (a)

12,282

327,807

 


Shares

Value ($)

 

 

AZZ, Inc.

3,474

127,739

Baldor Electric Co. (a)

12,989

468,643

Belden, Inc.

12,907

283,954

Brady Corp. "A"

13,664

340,507

Broadwind Energy, Inc.*

25,829

72,321

Capstone Turbine Corp.*

67,594

66,242

Coleman Cable, Inc.*

2,288

12,904

Encore Wire Corp.

5,181

94,242

Ener1, Inc.* (a)

15,938

53,871

Energy Conversion Devices, Inc.* (a)

13,691

56,133

EnerSys*

13,412

286,615

Franklin Electric Co., Inc.

6,470

186,466

FuelCell Energy, Inc.* (a)

21,900

25,842

Generac Holdings, Inc.*

5,389

75,500

GrafTech International Ltd.* (a)

33,398

488,279

Hoku Corp.*

4,920

16,433

II-VI, Inc.* (a)

6,919

205,010

LaBarge, Inc.*

3,256

37,151

LSI Industries, Inc.

4,514

22,028

Polypore International, Inc.* (a)

6,004

136,531

Powell Industries, Inc.*

2,471

67,557

PowerSecure International, Inc.* (a)

5,412

49,195

Preformed Line Products Co.

465

12,997

SatCon Technology Corp.*

20,262

57,949

UQM Technologies, Inc.*

10,101

34,242

Vicor Corp.*

5,406

67,521

Woodward Governor Co.

16,910

431,712

 

4,783,457

Industrial Conglomerates 0.3%

Otter Tail Corp. (a)

9,852

190,439

Raven Industries, Inc.

4,630

156,077

Seaboard Corp.

88

132,880

Standex International Corp.

3,591

91,032

Tredegar Corp.

6,821

111,319

United Capital Corp.*

400

9,764

 

691,511

Machinery 2.8%

3D Systems Corp.* (a)

5,041

63,265

Actuant Corp. "A"

18,739

352,855

Alamo Group, Inc.

1,777

38,561

Albany International Corp. "A"

7,818

126,573

Altra Holdings, Inc.*

7,754

100,957

American Railcar Industries, Inc.* (a)

2,336

28,219

Ampco-Pittsburgh Corp.

2,565

53,429

ArvinMeritor, Inc.* (a)

25,966

340,155

Astec Industries, Inc.* (a)

5,442

150,907

Badger Meter, Inc. (a)

4,047

156,578

Barnes Group, Inc.

13,661

223,904

Blount International, Inc.*

13,384

137,454

Briggs & Stratton Corp. (a)

13,944

237,327

Cascade Corp.

2,605

92,764

Chart Industries, Inc.*

7,915

123,316

CIRCOR International, Inc.

4,670

119,459

CLARCOR, Inc. (a)

14,002

497,351

Colfax Corp.*

6,647

69,195

Columbus McKinnon Corp.*

5,511

76,989

Commercial Vehicle Group, Inc.*

6,799

69,418

Douglas Dynamics, Inc.*

3,205

36,857

Dynamic Materials Corp.

3,659

58,690

Energy Recovery, Inc.* (a)

11,064

44,256

EnPro Industries, Inc.*

5,735

161,440

ESCO Technologies, Inc.

7,165

184,499

Federal Signal Corp.

17,841

107,760

 


Shares

Value ($)

 

 

Flow International Corp.*

11,800

27,848

Force Protection, Inc.* (a)

18,840

77,244

FreightCar America, Inc. (a)

3,500

79,170

Gorman-Rupp Co. (a)

3,430

85,921

Graham Corp.

2,488

37,295

Greenbrier Companies, Inc.* (a)

5,459

61,141

John Bean Technologies Corp.

8,040

122,610

Kadant, Inc.*

3,492

60,831

Kaydon Corp.

9,261

304,316

L.B. Foster Co. "A"*

2,687

69,647

Lindsay Corp.

3,368

106,732

Lydall, Inc.*

4,733

36,160

Met-Pro Corp.

3,565

38,359

Middleby Corp.* (a)

4,629

246,217

Miller Industries, Inc.

3,148

42,404

Mueller Industries, Inc.

10,498

258,251

Mueller Water Products, Inc. "A"

41,876

155,360

NACCO Industries, Inc. "A"

1,600

142,016

Nordson Corp. (a)

9,474

531,302

Omega Flex, Inc.

800

11,664

PMFG, Inc.*

4,000

60,600

RBC Bearings, Inc.*

5,887

170,664

Robbins & Myers, Inc.

7,486

162,746

Sauer-Danfoss, Inc.*

3,079

37,625

Sun Hydraulics Corp. (a)

3,677

86,262

Tecumseh Products Co. "A"*

5,468

60,804

Tennant Co.

5,226

176,743

Thermadyne Holdings Corp.*

2,438

26,355

Titan International, Inc.

9,351

93,229

TriMas Corp.*

3,908

44,199

Twin Disc, Inc.

2,385

27,094

Wabash National Corp.*

16,391

116,540

Watts Water Technologies, Inc. "A"

7,985

228,850

Xerium Technologies, Inc.*

2,066

29,172

 

7,467,549

Marine 0.2%

American Commercial Lines, Inc.*

2,502

56,320

Baltic Trading Ltd.*

4,634

52,689

Eagle Bulk Shipping, Inc.* (a)

16,672

70,356

Excel Maritime Carriers Ltd.*

11,112

56,893

Genco Shipping & Trading Ltd.*

7,334

109,937

Horizon Lines, Inc. "A" (a)

9,164

38,764

International Shipholding Corp.

1,425

31,535

Ultrapetrol Bahamas Ltd.*

5,192

22,585

 

439,079

Professional Services 1.2%

Acacia Research*

9,269

131,898

Administaff, Inc.

6,040

145,926

Barrett Business Services, Inc.

2,358

29,239

CBIZ, Inc.*

11,800

75,048

CDI Corp.

3,282

50,969

Corporate Executive Board Co.

9,310

244,574

CoStar Group, Inc.* (a)

5,789

224,613

CRA International, Inc.*

3,287

61,894

Diamond Management & Technology Consultants, Inc.

6,420

66,190

Dolan Co.* (a)

8,259

91,840

Exponent, Inc.*

3,832

125,383

Franklin Covey Co.*

4,046

26,299

GP Strategies Corp.*

3,608

26,194

Heidrick & Struggles International, Inc.

4,936

112,640

Hill International, Inc.*

7,997

32,468

 


Shares

Value ($)

 

 

Hudson Highland Group, Inc.*

8,974

39,486

Huron Consulting Group, Inc.* (a)

6,067

117,760

ICF International, Inc.*

4,731

113,213

Kelly Services, Inc. "A"*

7,229

107,495

Kforce, Inc.*

8,532

108,783

Korn/Ferry International*

12,648

175,807

LECG Corp.*

7,263

18,884

Mistras Group, Inc.* (a)

4,036

43,266

Navigant Consulting, Inc.*

14,339

148,839

On Assignment, Inc.*

9,992

50,260

Resources Connection, Inc.*

13,118

178,405

School Specialty, Inc.*

5,053

91,308

SFN Group, Inc.*

14,788

80,742

The Advisory Board Co.* (a)

4,282

183,955

TrueBlue, Inc.*

11,906

133,228

Volt Information Sciences, Inc.*

4,158

34,927

VSE Corp.

1,200

38,184

 

3,109,717

Road & Rail 1.1%

AMERCO*

2,365

130,193

Arkansas Best Corp. (a)

6,781

140,706

Avis Budget Group, Inc.* (a)

28,889

283,690

Celadon Group, Inc.*

5,220

73,811

Dollar Thrifty Automotive Group, Inc.*

7,867

335,213

Genesee & Wyoming, Inc. "A"*

10,667

397,986

Heartland Express, Inc. (a)

13,741

199,519

Knight Transportation, Inc. (a)

16,242

328,738

Marten Transport Ltd.*

4,139

86,009

Old Dominion Freight Line, Inc.* (a)

7,781

273,424

P.A.M. Transportation Services, Inc.*

1,303

19,584

Patriot Transportation Holding, Inc.*

400

32,364

Quality Distribution, Inc.*

2,590

13,390

RailAmerica, Inc.*

6,835

67,803

Roadrunner Transportation Systems, Inc.*

3,028

43,028

Saia, Inc.*

4,549

68,235

Universal Truckload Services, Inc.*

1,496

20,839

USA Truck, Inc.*

2,424

39,075

Werner Enterprises, Inc. (a)

11,791

258,105

 

2,811,712

Trading Companies & Distributors 0.8%

Aceto Corp.

6,582

37,715

Aircastle Ltd.

14,056

110,340

Applied Industrial Technologies, Inc.

11,598

293,661

Beacon Roofing Supply, Inc.* (a)

12,367

222,853

BlueLinx Holdings, Inc.*

3,450

9,073

CAI International, Inc.*

2,942

35,010

DXP Enterprises, Inc.*

2,600

40,690

H&E Equipment Services, Inc.*

7,297

54,655

Houston Wire & Cable Co. (a)

4,992

54,163

Interline Brands, Inc.*

8,894

153,777

Kaman Corp.

7,223

159,773

Lawson Products, Inc.

1,100

18,678

RSC Holdings, Inc.* (a)

14,110

87,059

Rush Enterprises, Inc. "A"*

9,021

120,521

TAL International Group, Inc.

4,635

104,148

Textainer Group Holdings Ltd.

2,700

65,178

Titan Machinery, Inc.*

3,587

47,097

United Rentals, Inc.* (a)

16,411

152,951

Watsco, Inc. (a)

7,671

444,304

 

2,211,646

 


Shares

Value ($)

 

 

Information Technology 17.6%

Communications Equipment 2.7%

Acme Packet, Inc.*

12,119

325,759

ADC Telecommunications, Inc.* (a)

26,792

198,529

ADTRAN, Inc.

17,201

469,071

Anaren, Inc.*

4,066

60,746

Arris Group, Inc.*

35,274

359,442

Aruba Networks, Inc.* (a)

20,281

288,801

Aviat Networks, Inc.*

17,646

64,055

Bel Fuse, Inc. "B"

2,887

47,664

BigBand Networks, Inc.*

12,600

38,052

Black Box Corp.

4,992

139,227

Blue Coat Systems, Inc.*

11,525

235,456

Calix, Inc.*

2,069

21,228

Comtech Telecommunications Corp.* (a)

8,054

241,056

DG Fastchannel, Inc.*

6,914

225,258

Digi International, Inc.*

6,804

56,269

EMS Technologies, Inc.*

4,391

65,953

Emulex Corp.*

22,121

203,071

Extreme Networks, Inc.*

26,378

71,221

Finisar Corp.*

20,865

310,888

Globecomm Systems, Inc.*

5,503

45,400

Harmonic, Inc.*

26,397

143,600

Hughes Communications, Inc.*

2,443

59,438

Infinera Corp.* (a)

24,714

158,911

InterDigital, Inc.* (a)

12,138

299,687

Ixia*

9,063

77,851

KVH Industries, Inc.*

3,609

44,824

Loral Space & Communications, Inc.*

2,919

124,700

Meru Networks, Inc.*

1,516

17,980

NETGEAR, Inc.*

9,985

178,132

Network Engines, Inc.*

9,981

27,048

Network Equipment Technologies, Inc.*

9,355

32,649

Occam Networks, Inc.*

3,480

19,349

Oclaro, Inc.*

13,679

151,700

Oplink Communications, Inc.*

6,040

86,553

OpNext, Inc.*

13,256

21,872

Palm, Inc.* (a)

45,698

260,022

PC-Tel, Inc.*

4,511

22,735

Plantronics, Inc.

13,358

382,039

Powerwave Technologies, Inc.* (a)

34,398

52,973

Riverbed Technology, Inc.* (a)

17,468

482,466

SeaChange International, Inc.*

7,941

65,354

ShoreTel, Inc.*

13,049

60,547

Sonus Networks, Inc.* (a)

57,329

155,362

Sycamore Networks, Inc.

5,463

90,795

Symmetricom, Inc.*

12,189

62,042

Tekelec*

19,083

252,659

UTStarcom, Inc.* (a)

32,533

59,861

ViaSat, Inc.* (a)

9,267

301,734

 

7,160,029

Computers & Peripherals 0.9%

3PAR, Inc.* (a)

10,800

100,548

ADPT Corp.* (a)

33,686

97,353

Avid Technology, Inc.* (a)

7,958

101,305

Compellent Technologies, Inc.* (a)

6,471

78,429

Cray, Inc.*

9,671

53,964

Electronics for Imaging, Inc.*

12,521

122,080

Hutchinson Technology, Inc.*

6,502

28,154

Hypercom Corp.*

12,751

59,165

 


Shares

Value ($)

 

 

Imation Corp.*

8,592

78,960

Immersion Corp.* (a)

7,833

39,635

Intermec, Inc.*

13,538

138,765

Intevac, Inc.*

6,166

65,791

Isilon Systems, Inc.* (a)

7,549

96,929

Netezza Corp.*

14,112

193,052

Novatel Wireless, Inc.* (a)

8,473

48,635

Presstek, Inc.*

7,638

26,962

Quantum Corp.* (a)

57,589

108,267

Rimage Corp.*

2,549

40,351

Silicon Graphics International Corp.* (a)

8,435

59,720

STEC, Inc.* (a)

11,288

141,777

Stratasys, Inc.*

5,749

141,195

Super Micro Computer, Inc.* (a)

6,513

87,926

Synaptics, Inc.* (a)

9,293

255,557

Xyratex Ltd.*

8,338

117,983

 

2,282,503

Electronic Equipment, Instruments & Components 2.3%

Agilysys, Inc.

5,311

35,531

Anixter International, Inc.* (a)

7,775

331,215

Bell Microproducts, Inc.*

8,980

62,680

Benchmark Electronics, Inc.*

17,432

276,297

Brightpoint, Inc.*

19,525

136,675

Checkpoint Systems, Inc.*

10,790

187,314

Cogent, Inc.*

14,531

130,924

Cognex Corp.

10,964

192,747

Coherent, Inc.*

6,981

239,448

Comverge, Inc.* (a)

6,718

60,193

CPI International, Inc.*

2,130

33,207

CTS Corp.

9,191

84,925

Daktronics, Inc. (a)

9,889

74,167

DDi Corp.

3,150

23,720

DTS, Inc.* (a)

4,774

156,921

Echelon Corp.* (a)

8,440

61,865

Electro Rent Corp.

4,250

54,358

Electro Scientific Industries, Inc.*

7,500

100,200

FARO Technologies, Inc.*

4,611

86,272

Gerber Scientific, Inc.*

6,974

37,311

ICx Technologies, Inc.* (a)

3,800

27,740

Insight Enterprises, Inc.* (a)

12,818

168,685

IPG Photonics Corp.*

7,174

109,260

Keithley Instruments, Inc.

3,121

27,558

L-1 Identity Solutions, Inc.* (a)

21,548

176,478

Littelfuse, Inc.*

6,054

191,367

Maxwell Technologies, Inc.* (a)

7,333

83,596

Measurement Specialties, Inc.*

4,016

55,019

Mercury Computer Systems, Inc.*

6,707

78,673

Methode Electronics, Inc.

10,078

98,160

Microvision, Inc.* (a)

23,939

70,859

MTS Systems Corp.

4,520

131,080

Multi-Fineline Electronix, Inc.*

2,878

71,835

Newport Corp.*

9,973

90,355

OSI Systems, Inc.*

4,489

124,660

Park Electrochemical Corp.

5,694

138,991

PC Connection, Inc.*

2,400

14,544

Plexus Corp.*

11,263

301,173

Power-One, Inc.* (a)

16,093

108,628

RadiSys Corp.*

6,359

60,538

Richardson Electonics Ltd.

3,969

35,721

Rofin-Sinar Technologies, Inc.* (a)

8,642

179,926

Rogers Corp.*

4,418

122,688

 


Shares

Value ($)

 

 

Sanmina-SCI Corp.*

22,018

299,665

ScanSource, Inc.*

7,273

181,316

Smart Modular Technologies (WWH), Inc.*

14,514

84,907

Spectrum Control, Inc.*

3,281

45,868

SYNNEX Corp.* (a)

6,185

158,460

Technitrol, Inc. (a)

10,660

33,686

TESSCO Technologies, Inc.

1,366

22,812

TTM Technologies, Inc.* (a)

22,167

210,586

Universal Display Corp.*

8,236

148,083

Viasystems Group, Inc.*

1,209

17,857

X-Rite, Inc.*

7,808

28,812

Zygo Corp.*

5,406

43,843

 

6,109,399

Internet Software & Services 1.9%

Ancestry.com, Inc.*

5,219

91,959

Archipelago Learning, Inc.*

3,236

36,987

Art Technology Group, Inc.*

42,899

146,715

comScore, Inc.*

6,269

103,250

Constant Contact, Inc.* (a)

7,893

168,358

DealerTrack Holdings, Inc.* (a)

11,150

183,417

Dice Holdings, Inc.*

5,000

34,600

Digital River, Inc.* (a)

11,014

263,345

DivX, Inc.*

9,164

70,196

EarthLink, Inc.

29,712

236,508

GSI Commerce, Inc.* (a)

17,186

494,957

InfoSpace, Inc.*

10,363

77,930

Internap Network Services Corp.*

14,392

60,015

Internet Brands, Inc. "A"*

7,944

82,062

Internet Capital Group, Inc.*

10,076

76,578

j2 Global Communications, Inc.* (a)

12,735

278,132

Keynote Systems, Inc.

3,168

28,575

KIT Digital, Inc.*

5,497

48,484

Limelight Networks, Inc.*

10,780

47,324

Liquidity Services, Inc.*

3,913

50,712

LivePerson, Inc.* (a)

12,081

82,876

Local.com Corp.*

4,426

30,274

LogMeIn, Inc.*

4,173

109,458

LoopNet, Inc.*

5,402

66,607

Marchex, Inc. "B"

4,412

16,986

ModusLink Global Solutions, Inc.*

12,637

76,201

Move, Inc.*

43,755

89,698

NIC, Inc. (a)

15,422

98,855

OpenTable, Inc.*

4,369

181,182

Openwave Systems, Inc.* (a)

22,941

46,570

Perficient, Inc.*

6,793

60,526

QuinStreet, Inc.* (a)

3,118

35,888

Rackspace Hosting, Inc.* (a)

26,839

492,227

RealNetworks, Inc.*

22,108

72,956

Saba Software, Inc.*

7,942

40,901

SAVVIS, Inc.*

10,390

153,252

Stamps.com, Inc.*

2,895

29,674

Support.com, Inc.*

13,900

57,824

TechTarget, Inc.* (a)

3,400

18,292

Terremark Worldwide, Inc.*

16,134

126,007

The Knot, Inc.*

8,290

64,496

Travelzoo, Inc.*

1,743

21,578

United Online, Inc.

24,803

142,865

ValueClick, Inc.* (a)

22,488

240,397

Vocus, Inc.*

4,951

75,651

Zix Corp.* (a)

15,575

35,200

 

5,046,545

 


Shares

Value ($)

 

 

IT Services 1.9%

Acxiom Corp.*

18,683

274,453

CACI International, Inc. "A"*

8,356

354,963

Cass Information Systems, Inc.

2,316

79,323

CIBER, Inc.*

15,947

44,173

Computer Task Group, Inc.*

4,676

30,207

CSG Systems International, Inc.* (a)

9,406

172,412

CyberSource Corp.*

19,841

506,541

Echo Global Logistics, Inc.*

2,944

35,946

Euronet Worldwide, Inc.* (a)

13,663

174,750

Exlservice Holdings, Inc.*

4,452

76,441

Forrester Research, Inc.*

4,019

121,615

Global Cash Access Holdings, Inc.*

13,928

100,421

Heartland Payment Systems, Inc. (a)

10,677

158,447

iGATE Corp.

6,532

83,740

infoGROUP, Inc.*

10,740

85,705

Integral Systems, Inc.*

5,053

32,087

Lionbridge Technologies, Inc.*

17,064

77,982

ManTech International Corp. "A"* (a)

6,125

260,741

MAXIMUS, Inc.

4,825

279,223

MoneyGram International, Inc.* (a)

22,718

55,659

NCI, Inc. "A"*

1,678

37,889

Online Resources Corp.*

8,500

35,275

RightNow Technologies, Inc.* (a)

6,050

94,924

Sapient Corp.

28,499

288,980

SPS Commerce, Inc.*

1,314

15,269

SRA International, Inc. "A"*

11,863

233,345

Stream Global Services, Inc.*

1,538

8,613

Syntel, Inc.

3,783

128,433

TeleTech Holdings, Inc.*

8,338

107,477

The Hackett Group, Inc.*

7,890

22,171

Tier Technologies, Inc. "B"*

3,861

23,475

TNS, Inc.*

6,975

121,644

Unisys Corp.*

11,820

218,552

VeriFone Systems, Inc.* (a)

23,666

447,997

Virtusa Corp.*

4,203

39,214

Wright Express Corp.* (a)

10,654

316,424

 

5,144,511

Semiconductors & Semiconductor Equipment 3.7%

Actel Corp.*

5,916

75,843

Advanced Analogic Technologies, Inc.*

11,187

35,687

Advanced Energy Industries, Inc.*

10,067

123,723

Alpha & Omega Semiconductor Ltd.*

1,396

19,279

Amkor Technology, Inc.* (a)

28,958

159,559

ANADIGICS, Inc.*

18,328

79,910

Applied Micro Circuits Corp.* (a)

18,384

192,664

ATMI, Inc.*

8,526

124,821

Axcelis Technologies, Inc.*

28,848

44,714

AXT, Inc.*

8,503

38,349

Brooks Automation, Inc.*

18,225

140,879

Cabot Microelectronics Corp.*

6,573

227,360

Cavium Networks, Inc.* (a)

12,250

320,827

CEVA, Inc.*

6,200

78,120

Cirrus Logic, Inc.* (a)

18,174

287,331

Cohu, Inc.

6,487

78,687

Conexant Systems, Inc.*

22,535

50,478

Cymer, Inc.*

8,256

248,010

Diodes, Inc.* (a)

9,298

147,559

DSP Group, Inc.*

6,073

38,806

Entegris, Inc.* (a)

36,122

143,404

Entropic Communications, Inc.*

14,776

93,680

 


Shares

Value ($)

 

 

Evergreen Solar, Inc.* (a)

52,108

35,538

Exar Corp.*

9,949

68,947

FEI Co.*

10,684

210,582

FormFactor, Inc.* (a)

13,717

148,144

FSI International, Inc.*

8,870

37,165

GSI Technology, Inc.*

5,571

31,866

GT Solar International, Inc.* (a)

17,222

96,443

Hittite Microwave Corp.*

7,535

337,116

Ikanos Communications, Inc.*

8,327

13,406

Integrated Device Technology, Inc.*

44,968

222,592

Integrated Silicon Solution, Inc.*

7,155

53,949

IXYS Corp.*

6,691

59,148

Kopin Corp.*

18,387

62,332

Kulicke & Soffa Industries, Inc.* (a)

19,411

136,265

Lattice Semiconductor Corp.*

31,184

135,339

LTX-Credence Corp.*

40,659

115,065

Mattson Technology, Inc.*

13,859

52,526

MaxLinear, Inc. "A"*

2,065

28,869

Micrel, Inc.

14,288

145,452

Microsemi Corp.*

23,306

340,967

Microtune, Inc.* (a)

16,500

35,145

Mindspeed Technologies, Inc.*

8,832

66,152

MIPS Technologies, Inc.*

12,756

65,183

MKS Instruments, Inc.* (a)

13,861

259,478

Monolithic Power Systems, Inc.*

8,923

159,365

MoSys, Inc.*

7,493

33,119

Nanometrics, Inc.*

4,929

49,734

Netlogic Microsystems, Inc.* (a)

17,324

471,213

NVE Corp.*

1,302

56,676

OmniVision Technologies, Inc.*

14,267

305,884

PDF Solutions, Inc.*

6,254

30,019

Pericom Semiconductor Corp.*

7,211

69,226

Photronics, Inc.* (a)

13,946

63,036

PLX Technology, Inc.*

10,985

46,027

Power Integrations, Inc. (a)

6,937

223,337

RF Micro Devices, Inc.*

73,938

289,098

Rubicon Technology, Inc.* (a)

3,975

118,415

Rudolph Technologies, Inc.*

9,114

68,811

Semtech Corp.*

17,366

284,281

Sigma Designs, Inc.* (a)

8,939

89,479

Silicon Image, Inc.*

20,642

72,453

Spansion, Inc. "A"*

3,570

58,227

Standard Microsystems Corp.* (a)

6,165

143,521

Supertex, Inc.* (a)

2,811

69,319

Tessera Technologies, Inc.*

13,881

222,790

Trident Microsystems, Inc.*

19,351

27,478

TriQuint Semiconductor, Inc.*

43,598

266,384

Ultra Clean Holdings, Inc.*

5,955

50,737

Ultratech, Inc.*

6,493

105,641

Veeco Instruments, Inc.* (a)

11,218

384,553

Virage Logic Corp.*

6,309

75,014

Volterra Semiconductor Corp.*

6,931

159,829

Zoran Corp.*

14,486

138,196

 

9,639,221

Software 4.2%

ACI Worldwide, Inc.*

9,394

182,901

Actuate Corp.*

12,563

55,905

Advent Software, Inc.*

4,326

203,149

American Software, Inc. "A"

6,800

31,416

ArcSight, Inc.*

6,787

151,961

Ariba, Inc.*

24,683

393,200

Aspen Technology, Inc.*

17,213

187,450

Blackbaud, Inc. (a)

12,401

269,970

 


Shares

Value ($)

 

 

Blackboard, Inc.* (a)

9,387

350,417

Bottomline Technologies, Inc.*

7,782

101,399

CDC Corp. "A"*

27,277

56,736

Commvault Systems, Inc.*

12,120

272,700

Concur Technologies, Inc.* (a)

11,132

475,114

Convio, Inc.*

1,654

12,140

Deltek, Inc.* (a)

5,945

49,581

DemandTec, Inc.* (a)

4,962

33,494

Digimarc Corp.*

1,854

34,763

Double-Take Software, Inc.*

5,871

61,587

Ebix, Inc.* (a)

7,407

116,142

Epicor Software Corp.*

13,221

105,636

EPIQ Systems, Inc.*

9,361

121,038

ePlus, Inc.*

1,066

18,655

Fair Isaac Corp. (a)

12,808

279,086

FalconStor Software, Inc.*

8,242

21,759

Fortinet, Inc.*

10,947

179,969

Guidance Software, Inc.*

3,696

19,293

Interactive Intelligence, Inc.* (a)

3,676

60,397

Jack Henry & Associates, Inc.

23,588

563,281

JDA Software Group, Inc.*

11,518

253,166

Kenexa Corp.*

6,028

72,336

Lawson Software, Inc.*

38,570

281,561

Magma Design Automation, Inc.*

14,409

40,922

Manhattan Associates, Inc.* (a)

6,284

173,124

Mentor Graphics Corp.*

29,420

260,367

MicroStrategy, Inc. "A"*

2,477

185,998

Monotype Imaging Holdings, Inc.*

5,975

53,835

NetScout Systems, Inc.*

8,419

119,718

NetSuite, Inc.*

5,078

64,186

OPNET Technologies, Inc.

3,534

51,914

Parametric Technology Corp.* (a)

32,124

503,383

Pegasystems, Inc. (a)

4,491

144,206

Progress Software Corp.*

11,650

349,850

PROS Holdings, Inc.*

4,910

31,915

QAD, Inc.

3,400

14,042

Quest Software, Inc.*

16,569

298,905

Radiant Systems, Inc.*

8,318

120,278

Renaissance Learning, Inc.

3,640

53,472

Rosetta Stone, Inc.*

2,899

66,561

S1 Corp.*

14,327

86,105

Smith Micro Software, Inc.*

8,434

80,207

Solarwinds, Inc.* (a)

9,673

155,155

Sonic Solutions*

7,057

58,926

SonicWALL, Inc.*

15,043

176,755

Sourcefire, Inc.* (a)

7,610

144,590

SRS Labs, Inc.*

3,541

32,400

SS&C Technologies Holdings, Inc.*

3,416

54,758

SuccessFactors, Inc.* (a)

17,413

362,016

Symyx Technologies, Inc.*

8,820

44,188

Synchronoss Technologies, Inc.*

5,627

106,744

Take-Two Interactive Software, Inc.* (a)

19,519

175,671

Taleo Corp. "A"*

11,111

269,886

TeleCommunication Systems, Inc. "A"*

12,735

52,723

TeleNav, Inc.*

2,233

18,735

THQ, Inc.* (a)

18,916

81,717

TIBCO Software, Inc.*

45,981

554,531

TiVo, Inc.*

32,573

240,389

Tyler Technologies, Inc.* (a)

8,547

132,649

Ultimate Software Group, Inc.* (a)

6,785

222,955

Unica Corp.*

5,064

48,513

 


Shares

Value ($)

 

 

VASCO Data Security International, Inc.*

7,175

44,270

Virnetx Holding Corp.

9,001

53,286

Wave Systems Corp. "A"*

22,225

72,009

Websense, Inc.*

11,917

225,231

 

11,043,287

Materials 4.7%

Chemicals 2.1%

A. Schulman, Inc.

8,740

165,710

American Vanguard Corp. (a)

5,708

45,264

Arch Chemicals, Inc.

6,267

192,648

Balchem Corp.

7,658

191,450

Calgon Carbon Corp.* (a)

15,680

207,603

Ferro Corp.*

23,675

174,485

Georgia Gulf Corp.*

9,370

124,996

H.B. Fuller Co.

13,559

257,485

Hawkins, Inc. (a)

2,414

58,129

Innophos Holdings, Inc.

5,932

154,706

KMG Chemicals, Inc.

1,701

24,426

Koppers Holdings, Inc.

5,591

125,686

Kraton Performance Polymers, Inc.*

3,282

61,669

Landec Corp.*

6,891

40,588

LSB Industries, Inc.* (a)

4,577

60,920

Minerals Technologies, Inc.

5,204

247,398

NewMarket Corp.

2,875

251,045

NL Industries, Inc.

1,832

11,175

Olin Corp. (a)

21,803

394,416

OM Group, Inc.*

8,517

203,216

Omnova Solutions, Inc.* (a)

11,912

93,033

PolyOne Corp.*

25,703

216,419

Quaker Chemical Corp.

3,098

83,925

Rockwood Holdings, Inc.* (a)

14,446

327,780

Senomyx, Inc.*

10,754

40,758

Sensient Technologies Corp. (a)

13,720

355,760

Solutia, Inc.*

33,839

443,291

Spartech Corp.*

8,472

86,838

Stepan Co.

2,189

149,793

STR Holdings, Inc.*

7,872

147,994

TPC Group, Inc.*

2,187

36,304

W.R. Grace & Co.* (a)

20,092

422,736

Westlake Chemical Corp. (a)

5,261

97,697

Zep, Inc.

5,729

99,914

Zoltek Companies, Inc.* (a)

8,109

68,683

 

5,663,940

Construction Materials 0.1%

Headwaters, Inc.*

15,745

44,716

Texas Industries, Inc.

5,776

170,623

United States Lime & Minerals, Inc.*

820

31,586

 

246,925

Containers & Packaging 0.5%

AEP Industries, Inc.*

1,272

30,375

Boise, Inc.* (a)

19,374

106,363

Graham Packaging Co., Inc.*

4,730

56,618

Graphic Packaging Holding Co.*

29,751

93,716

Myers Industries, Inc.

9,851

79,694

Rock-Tenn Co. "A"

10,786

535,741

Silgan Holdings, Inc.

15,010

425,984

 

1,328,491

Metals & Mining 1.5%

A.M. Castle & Co.* (a)

4,420

61,394

Allied Nevada Gold Corp.* (a)

17,557

345,522

AMCOL International Corp. (a)

6,569

154,372

 


Shares

Value ($)

 

 

Brush Engineered Materials, Inc.*

5,482

109,530

Capital Gold Corp.*

13,486

53,944

Century Aluminum Co.* (a)

17,719

156,459

Coeur d'Alene Mines Corp.* (a)

24,116

380,551

General Moly, Inc.* (a)

16,931

52,147

Globe Specialty Metals, Inc.*

17,065

176,281

Golden Star Resources Ltd.*

71,549

313,385

Haynes International, Inc.

3,245

100,043

Hecla Mining Co.* (a)

67,393

351,791

Horsehead Holding Corp.*

11,599

87,688

Jaguar Mining, Inc.*

23,334

206,039

Kaiser Aluminum Corp. (a)

4,227

146,550

Metals USA Holdings Corp.*

3,243

48,483

Noranda Aluminum Holding Corp.*

3,317

21,328

Olympic Steel, Inc.

2,681

61,583

RTI International Metals, Inc.* (a)

8,371

201,825

Stillwater Mining Co.* (a)

12,266

142,531

Thompson Creek Metals Co., Inc.*

38,806

336,836

Universal Stainless & Alloy Products, Inc.*

1,980

31,660

US Energy Corp.*

7,549

35,858

US Gold Corp.*

24,804

124,268

Worthington Industries, Inc.

16,465

211,740

 

3,911,808

Paper & Forest Products 0.5%

Buckeye Technologies, Inc.*

11,092

110,365

Clearwater Paper Corp.*

3,259

178,463

Deltic Timber Corp.

2,887

120,677

KapStone Paper & Packaging Corp.*

10,558

117,616

Louisiana-Pacific Corp.* (a)

35,354

236,518

Neenah Paper, Inc.

4,074

74,554

P.H. Glatfelter Co.

12,449

135,072

Schweitzer-Mauduit International, Inc. (a)

5,162

260,423

Verso Paper Corp.*

4,102

9,476

Wausau Paper Corp.*

13,859

93,825

 

1,336,989

Telecommunication Services 1.0%

Diversified Telecommunication Services 0.7%

AboveNet, Inc.*

6,227

293,790

Alaska Communications Systems Group, Inc. (a)

12,079

102,551

Atlantic Tele-Network, Inc.

2,519

104,035

Cbeyond, Inc.* (a)

7,453

93,162

Cincinnati Bell, Inc.*

55,882

168,205

Cogent Communications Group, Inc.* (a)

12,376

93,810

Consolidated Communications Holdings, Inc.

6,858

116,655

General Communication, Inc. "A"*

13,184

100,067

Global Crossing Ltd.* (a)

8,698

91,938

Globalstar, Inc.*

19,342

29,787

IDT Corp. "B"*

3,939

50,222

Iridium Communications, Inc.*

9,459

94,968

Neutral Tandem, Inc.* (a)

9,318

104,827

PAETEC Holding Corp.*

36,171

123,343

Premiere Global Services, Inc.*

16,231

102,904

Vonage Holdings Corp.*

29,283

67,351

 

1,737,615

 


Shares

Value ($)

 

 

Wireless Telecommunication Services 0.3%

FiberTower Corp.*

12,765

60,251

ICO Global Communications (Holdings) Ltd.*

26,197

42,177

NTELOS Holdings Corp.

8,134

139,905

Shenandoah Telecommunications Co. (a)

6,495

115,221

Syniverse Holdings, Inc.*

19,187

392,374

USA Mobility, Inc.

6,040

78,037

 

827,965

Utilities 3.1%

Electric Utilities 1.2%

ALLETE, Inc.

8,556

292,958

Central Vermont Public Service Corp.

3,409

67,294

Cleco Corp. (a)

16,715

441,443

El Paso Electric Co.*

12,063

233,419

Empire District Electric Co. (a)

11,342

212,889

IDACORP, Inc.

13,259

441,127

MGE Energy, Inc. (a)

6,448

232,386

PNM Resources, Inc.

23,866

266,822

Portland General Electric Co.

21,080

386,396

UIL Holdings Corp.

8,460

211,754

Unisource Energy Corp.

10,007

302,011

Unitil Corp.

2,880

60,221

 

3,148,720

Gas Utilities 1.2%

Chesapeake Utilities Corp.

2,610

81,954

New Jersey Resources Corp. (a)

11,461

403,427

Nicor, Inc. (a)

12,570

509,085

Northwest Natural Gas Co. (a)

7,291

317,669

Piedmont Natural Gas Co., Inc. (a)

19,901

503,495

South Jersey Industries, Inc. (a)

8,247

354,291

Southwest Gas Corp.

12,574

370,933

The Laclede Group, Inc.

6,148

203,683

WGL Holdings, Inc. (a)

13,946

474,583

 

3,219,120

Independent Power Producers & Energy Traders 0.0%

American DG Energy, Inc.*

5,451

16,953

Dynegy, Inc.*

28,518

109,794

 

126,747

Multi-Utilities 0.4%

Avista Corp.

15,107

295,040

Black Hills Corp.

10,764

306,451

CH Energy Group, Inc.

4,496

176,423

NorthWestern Corp.

9,995

261,869

 

1,039,783

Water Utilities 0.3%

American States Water Co.

5,163

171,102

Artesian Resources Corp. "A"

1,786

32,970

Cadiz, Inc.* (a)

3,128

37,755

California Water Service Group

5,492

196,064

Connecticut Water Service, Inc.

2,181

45,845

Consolidated Water Co., Ltd. (a)

3,947

44,917

Middlesex Water Co.

3,603

57,107

SJW Corp.

3,607

84,548

Southwest Water Co.

7,738

81,094

York Water Co. (a)

3,576

50,779

 

802,181

Total Common Stocks (Cost $292,484,438)

258,497,761

 

Principal Amount ($)

Value ($)

 

 

Government & Agency Obligation 0.3%

US Treasury Obligation

US Treasury Bill, 0.205%**, 11/18/2010 (b) (Cost $769,385)

770,000

769,446

 


Shares

Value ($)

 

 

Closed-End Investment Companies 0.2%

Apollo Investment Corp.

53,623

500,303

Golub Capital BDC LLC

2,033

29,316

Kayne Anderson Energy Development Co.

2,599

39,427

THL Credit, Inc.*

2,474

28,451

Total Closed-End Investment Companies (Cost $944,040)

597,497

 

 


Shares

Value ($)

 

 

Securities Lending Collateral 34.1%

Daily Assets Fund Institutional, 0.27% (c) (d) (Cost $90,094,223)

90,094,223

90,094,223

 

Cash Equivalents 1.6%

Central Cash Management Fund, 0.21% (c) (Cost $4,201,042)

4,201,042

4,201,042

 

% of Net Assets

Value ($)

 

 

Total Investment Portfolio (Cost $388,493,128)+

134.1

354,159,969

Other Assets and Liabilities, Net (a)

(34.1)

(90,127,105)

Net Assets

100.0

264,032,864

* Non-income producing security.

** Annualized yield at time of purchase; not a coupon rate.

+ The cost for federal income tax purposes was $390,454,699. At June 30, 2010, net unrealized depreciation for all securities based on tax cost was $36,294,730. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $29,198,779 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $65,493,509.

(a) All or a portion of these securities were on loan, amounting to $84,729,721. In addition, included in other assets and liabilities, net is a pending sale, amounting to $2,605,462 that is also on loan (see Notes to Financial Statements). The value of all securities loaned at June 30, 2010 amounted to $87,335,183, which is 33.1% of net assets.

(b) At June 30, 2010, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.

(c) Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

(d) Represents collateral held in connection with securities lending. Income earned by the Portfolio is net of borrower rebates.

REIT: Real Estate Investment Trust

At June 30, 2010, open futures contracts purchased were as follows:

Futures

Currency

Expiration Date

Contracts

Notional Value ($)

Unrealized Depreciation ($)

Russell E Mini 2000 Index

USD

9/17/2010

91

5,530,980

(292,596)

Currency Abbreviation

USD United States Dollar

For information on the Portfolio's policy and additional disclosures regarding futures contracts, please refer to the Derivatives section of Note A in the accompanying Notes to Financial Statements.

Fair Value Measurements

Various inputs are used in determining the value of the Portfolio's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of June 30, 2010 in valuing the Portfolio's investments. For information on the Portfolio's policy regarding the valuation of investments, please refer to the Security Valuation section of Note A in the accompanying Notes to Financial Statements.

Assets

Level 1

Level 2

Level 3

Total

 

Common Stocks (e)

$ 258,497,761

$ —

$ —

$ 258,497,761

Closed-End Investment Companies

597,497

597,497

Short-Term Investments (e)

94,295,265

769,446

95,064,711

Total

$ 353,390,523

$ 769,446

$ —

$ 354,159,969

Liabilities

 

 

 

 

Derivatives (f)

$ (292,596)

$ —

$ —

$ (292,596)

Total

$ (292,596)

$ —

$ —

$ (292,596)

There have been no significant transfers in and out of Level 1 and Level 2 fair value measurements during the period ended June 30, 2010.

(e) See Investment Portfolio for additional detailed categorizations.

(f) Derivatives include unrealized appreciation (depreciation) on open futures contracts.

The accompanying notes are an integral part of the financial statements.

Statement of Assets and Liabilities

as of June 30, 2010 (Unaudited)

Assets

Investments:

Investments in securities, at value (cost $294,197,863) — including $84,729,721 of securities loaned

$ 259,864,704

Investment in Daily Assets Fund Institutional (cost $90,094,223)*

90,094,223

Investment in Central Cash Management Fund (cost $4,201,042)

4,201,042

Total investments at value (cost $388,493,128)

354,159,969

Cash

1,547,668

Receivable for investments sold

2,611,159

Dividends receivable

286,621

Interest receivable

44,251

Receivable for Portfolio shares sold

64,537

Other assets

7,331

Total assets

358,721,536

Liabilities

Payable for investments purchased

4,143,126

Payable upon return of securities loaned

90,094,223

Payable for Portfolio shares redeemed

158,860

Payable for daily variation margin on open futures contracts

43,489

Accrued management fee

79,225

Other accrued expenses and payables

169,749

Total liabilities

94,688,672

Net assets, at value

$ 264,032,864

Net Assets Consist of

Undistributed net investment income

1,155,403

Net unrealized appreciation (depreciation) on:

Investments

(34,333,159)

Futures

(292,596)

Accumulated net realized gain (loss)

(24,649,571)

Paid-in capital

322,152,787

Net assets, at value

$ 264,032,864

Class A

Net Asset Value, offering and redemption price per share ($222,519,729 ÷ 23,174,297 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized)

$ 9.60

Class B

Net Asset Value, offering and redemption price per share ($41,513,135 ÷ 4,320,997 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized)

$ 9.61

* Represents collateral on securities loaned.

The accompanying notes are an integral part of the financial statements.


Statement of Operations

for the six months ended June 30, 2010 (Unaudited)

Investment Income

Income:

Dividends (net of foreign taxes withheld of $69)

$ 1,886,323

Income distributions — Central Cash Management Fund

4,416

Interest

554

Securities lending income, including income from Daily Assets Fund Institutional, net of borrower rebates

269,992

Total Income

2,161,285

Expenses:

Management fee

536,933

Administration fee

153,409

Custodian fee

15,326

Distribution service fee (Class B)

58,504

Services to shareholders

6,191

Professional fees

31,449

Trustees' fees and expenses

8,046

Reports to shareholders

42,713

Other

33,213

Total expenses before expense reductions

885,784

Expense reductions

(13,504)

Total expenses after expense reductions

872,280

Net investment income (loss)

1,289,005

Realized and Unrealized Gain (Loss)

Net realized gain (loss) from:

Investments

(2,548,457)

Futures

(281,844)

 

(2,830,301)

Change in net unrealized appreciation (depreciation) on:

Investments

(1,724,639)

Futures

(465,528)

 

(2,190,167)

Net gain (loss)

(5,020,468)

Net increase (decrease) in net assets resulting from operations

$ (3,731,463)

The accompanying notes are an integral part of the financial statements.

Statement of Changes in Net Assets

Increase (Decrease) in Net Assets

Six Months Ended June 30, 2010 (Unaudited)

Year Ended December 31, 2009

Operations:

Net investment income (loss)

$ 1,289,005

$ 2,948,189

Net realized gain (loss)

(2,830,301)

(18,300,164)

Change in net unrealized appreciation (depreciation)

(2,190,167)

81,005,584

Net increase (decrease) in net assets resulting from operations

(3,731,463)

65,653,609

Distributions to shareholders from:

Net investment income:

Class A

(2,379,611)

(3,930,572)

Class B

(308,033)

(665,403)

Net realized gains:

Class A

(14,741,493)

Class B

(2,865,686)

Total distributions

(2,687,644)

(22,203,154)

Portfolio share transactions:

Class A

Proceeds from shares sold

20,003,777

55,527,066

Reinvestment of distributions

2,379,611

18,672,065

Cost of shares redeemed

(52,855,655)

(50,441,144)

Net increase (decrease) in net assets from Class A share transactions

(30,472,267)

23,757,987

Class B

Proceeds from shares sold

5,026,942

4,826,794

Reinvestment of distributions

308,033

3,531,089

Cost of shares redeemed

(7,929,308)

(11,925,807)

Net increase (decrease) in net assets from Class B share transactions

(2,594,333)

(3,567,924)

Increase (decrease) in net assets

(39,485,707)

63,640,518

Net assets at beginning of period

303,518,571

239,878,053

Net assets at end of period (including undistributed net investment income of $1,155,403 and $2,554,042, respectively)

$ 264,032,864

$ 303,518,571

Other Information

Class A

Shares outstanding at beginning of period

26,097,119

22,888,959

Shares sold

1,880,881

6,645,343

Shares issued to shareholders in reinvestment of distributions

204,962

2,547,349

Shares redeemed

(5,008,665)

(5,984,532)

Net increase (decrease) in Class A shares

(2,922,822)

3,208,160

Shares outstanding at end of period

23,174,297

26,097,119

Class B

Shares outstanding at beginning of period

4,564,752

4,907,741

Shares sold

484,122

579,861

Shares issued to shareholders in reinvestment of distributions

26,509

481,731

Shares redeemed

(754,386)

(1,404,581)

Net increase (decrease) in Class B shares

(243,755)

(342,989)

Shares outstanding at end of period

4,320,997

4,564,752

The accompanying notes are an integral part of the financial statements.

Financial Highlights

Class A

Years Ended December 31,

2010a

2009

2008

2007

2006

2005

Selected Per Share Data

Net asset value, beginning of period

$ 9.90

$ 8.63

$ 14.71

$ 16.12

$ 14.40

$ 14.35

Income (loss) from investment operations:

Net investment income (loss)b

.05

.10

.18

.17

.14

.11

Net realized and unrealized gain (loss)

(.25)

1.93

(4.77)

(.40)

2.34

.42

Total from investment operations

(.20)

2.03

(4.59)

(.23)

2.48

.53

Less distributions from:

Net investment income

(.10)

(.16)

(.20)

(.14)

(.10)

(.09)

Net realized gains

(.60)

(1.29)

(1.04)

(.66)

(.39)

Total distributions

(.10)

(.76)

(1.49)

(1.18)

(.76)

(.48)

Net asset value, end of period

$ 9.60

$ 9.90

$ 8.63

$ 14.71

$ 16.12

$ 14.40

Total Return (%)c

(2.23)**

26.57

(34.12)

(1.90)

17.49

4.26

Ratios to Average Net Assets and Supplemental Data

Net assets, end of period ($ millions)

223

258

198

305

536

449

Ratio of expenses before expense reductions (%)

.54*

.56

.54

.53

.47

.46

Ratio of expenses after expense reductions (%)

.53*

.50

.47

.51

.45

.45

Ratio of net investment income (loss) (%)

.88*

1.19

1.51

1.09

.93

.78

Portfolio turnover rate (%)

12**

26

25

24d

42

26

a For the six months ended June 30, 2010 (Unaudited).

b Based on average shares outstanding during the period.

c Total return would have been lower had certain expenses not been reduced.

d Excludes portfolio securities delivered as a result of processing redemption in-kind transactions.

* Annualized

** Not annualized

Class B

Years Ended December 31,

2010a

2009

2008

2007

2006

2005

Selected Per Share Data

Net asset value, beginning of period

$ 9.89

$ 8.62

$ 14.70

$ 16.11

$ 14.39

$ 14.34

Income (loss) from investment operations:

Net investment income (loss)b

.03

.08

.15

.13

.10

.07

Net realized and unrealized gain (loss)

(.24)

1.93

(4.77)

(.40)

2.34

.43

Total from investment operations

(.21)

2.01

(4.62)

(.27)

2.44

.50

Less distributions from:

Net investment income

(.07)

(.14)

(.17)

(.10)

(.06)

(.06)

Net realized gains

(.60)

(1.29)

(1.04)

(.66)

(.39)

Total distributions

(.07)

(.74)

(1.46)

(1.14)

(.72)

(.45)

Net asset value, end of period

$ 9.61

$ 9.89

$ 8.62

$ 14.70

$ 16.11

$ 14.39

Total Return (%)c

(2.27)**

26.27

(34.33)

(2.16)

17.19

3.99

Ratios to Average Net Assets and Supplemental Data

Net assets, end of period ($ millions)

42

45

42

73

68

45

Ratio of expenses before expense reductions (%)

.79*

.81

.79

.78

.72

.71

Ratio of expenses after expense reductions (%) 

.78*

.75

.72

.76

.70

.70

Ratio of net investment income (loss) (%)

.63*

.93

1.26

.84

.68

.53

Portfolio turnover rate (%)

12**

26

25

24d

42

26

a For the six months ended June 30, 2010 (Unaudited).

b Based on average shares outstanding during the period.

c Total return would have been lower had certain expenses not been reduced.

d Excludes portfolio securities delivered as a result of processing redemption in-kind transactions.

* Annualized

** Not annualized

Notes to Financial Statements (Unaudited)

A. Organization and Significant Accounting Policies

DWS Investments VIT Funds (the "Trust") is registered under the Investment Company Act of 1940, as amended, (the "1940 Act") as an open-end management investment company. The Trust is organized as a Massachusetts business trust. The Trust is comprised of two series. DWS Small Cap Index VIP (the "Portfolio") is a diversified series of the Trust offered to investors. The Portfolio is an underlying investment vehicle for variable annuity contracts and variable life insurance policies to be offered by the separate accounts of certain life insurance companies ("Participating Insurance Companies").

Multiple Classes of Shares of Beneficial Interest. The Portfolio offers two classes of shares to investors: Class A shares and Class B shares. Class B shares are subject to Rule 12b-1 distribution fees under the 1940 Act equal to an annual rate up to 0.25% of the Class B shares average daily net assets. Class A shares are not subject to such Rule 12b-1 distribution fees.

Investment income, realized and unrealized gains and losses, and certain Portfolio-level expenses and expense reductions, if any, are borne pro rata on the basis of relative net assets by the holders of all classes of shares, except that each class bears certain expenses unique to that class (including the applicable Rule 12b-1 distribution fees). Differences in class-level expenses may result in payment of different per share dividends by class. All shares have equal rights with respect to voting subject to class-specific arrangements.

The Portfolio's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America which require the use of management estimates. Actual results could differ from those estimates. The policies described below are followed consistently by the Portfolio in the preparation of its financial statements.

Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York Stock Exchange on each day the exchange is open for trading.

Various inputs are used in determining the value of the Portfolio's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Equity securities and closed-end investment companies are valued at the most recent sale price or official closing price reported on the exchange (US or foreign) or over-the-counter market on which they trade and are classified as Level 1 securities. Securities for which no sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation.

Debt securities are valued by independent pricing services approved by the Fund's Board. If the pricing services are unable to provide valuations, securities are valued at the most recent bid quotation or evaluated price, as applicable, obtained from one or more broker-dealers. Such services may use various pricing techniques which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as broker quotes. These securities are generally categorized as Level 2.

Futures contracts are generally valued at the settlement prices established each day on the exchange on which they are traded and are classified as Level 1.

Money market instruments purchased with an original or remaining maturity of sixty days or less, maturing at par, are valued at amortized cost, which approximates value, and are categorized as Level 2. Investments in open-end investment companies are valued at their net asset value each business day and are categorized as Level 1.

Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Board and are generally categorized as Level 3. In accordance with the Portfolio's valuation procedures, factors used in determining value may include, but are not limited to, the type of the security, the size of the holding, the initial cost of the security, the existence of any contractual restrictions on the security's disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies, quotations or evaluated prices from broker-dealers and/or pricing services, information obtained from the issuer, analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company's or issuer's financial statements, an evaluation of the forces that influence the issuer and the market(s) in which the security is purchased and sold and with respect to debt securities, the maturity, coupon, creditworthiness, currency denomination, and the movement of the market in which the security is normally traded. The value determined under these procedures may differ from published values for the same securities.

Disclosure about the classification of fair value measurements is included in a table following the Portfolio's investment portfolio.

Securities Lending. The Portfolio may lend securities to certain financial institutions. The Portfolio retains beneficial ownership of the securities it has loaned and continues to receive interest and dividends paid by the issuer of securities and to participate in any changes in their market value. The Portfolio requires the borrowers of the securities to maintain collateral with the Portfolio consisting of either cash or liquid, unencumbered assets having a value at least equal to the value of the securities loaned. When the collateral falls below specified amounts, the lending agent will use its best effort to obtain additional collateral on the next business day to meet required amounts under the security lending agreement. The Portfolio may invest the cash collateral into a joint trading account in an affiliated money market fund pursuant to Exemptive Orders issued by the SEC. The Portfolio receives compensation for lending its securities either in the form of fees or by earning interest on invested cash collateral net of borrower rebates and fees paid to a lending agent. Either the Portfolio or the borrower may terminate the loan. There may be risks of delay and costs in recovery of securities or even loss of rights in the collateral should the borrower of the securities fail financially. The Portfolio is also subject to all investment risks associated with the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.

Derivatives. Authoritative accounting guidance requires that disclosures about the Portfolio's derivative and hedging activities and derivatives accounted for as hedging instruments must be disclosed separately from derivatives that do not qualify for hedge accounting. Because investment companies account for their derivatives at fair value and record any changes in fair value in current period earnings, the Portfolio's derivatives are not accounted for as hedging instruments. As such, even though the Portfolio may use derivatives in an attempt to achieve an economic hedge, the Portfolio's derivatives are not considered to be hedging instruments. The disclosure below is presented in accordance with authoritative accounting guidance.

Futures Contracts. A futures contract is an agreement between a buyer or seller and an established futures exchange or its clearinghouse in which the buyer or seller agrees to take or make a delivery of a specific amount of a financial instrument at a specified price on a specific date (settlement date). The Portfolio invests in futures to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the stock market.

Futures contracts are valued at the most recent settlement price. Upon entering into a futures contract, the Portfolio is required to deposit with a financial intermediary cash or securities ("initial margin") in an amount equal to a certain percentage of the face value indicated in the futures contract. Subsequent payments ("variation margin") are made or received by the Portfolio dependent upon the daily fluctuations in the value and are recorded for financial reporting purposes as unrealized gains or losses by the Portfolio. Gains or losses are realized when the contract expires or is closed. Since all futures contracts are exchange traded, counterparty risk is minimized as the exchange's clearinghouse acts as the counterparty, and guarantees the futures against default.

Certain risks may arise upon entering into futures contracts, including the risk that an illiquid market will limit the Portfolio's ability to close out a futures contract prior to the settlement date and that a change in the value of a futures contract may not correlate exactly with the changes in the value of the underlying hedged security, index or currency. Risk of loss may exceed amounts recognized on the Statement of Assets and Liabilities.

A summary of the open futures contracts as of June 30, 2010 is included in a table following the Portfolio's Investment Portfolio. For the six months ended June 30, 2010, the Portfolio invested in futures contracts with a total notional value generally indicative of a range from approximately $5,178,000 to $8,261,000.

The following tables summarize the value of the Portfolio's derivative instruments held as of June 30, 2010 and the related location in the accompanying Statement of Assets and Liabilities, presented by primary underlying risk exposure:

Liability Derivative

Futures Contracts

Equity Contracts (a)

$ (292,596)

The above derivative is located in the following Statement of Assets and Liabilities account:

(a) Net unrealized appreciation (depreciation) on futures. Liability of payable for daily variation margin on open futures contracts reflects unsettled variation margin.

Additionally, the amount of unrealized and realized gains and losses on derivative instruments recognized in Portfolio earnings during the six months ended June 30, 2010 and the related location in the accompanying Statement of Operations is summarized in the following tables by primary underlying risk exposure:

Realized Gain (Loss)

Futures Contracts

Equity Contracts (a)

$ (281,844)

The above derivative is located in the following Statement of Operations account:

(a) Net realized gain (loss) from futures

Change in Net Unrealized Appreciation (Depreciation)

Futures Contracts

Equity Contracts (a)

$ (465,528)

The above derivative is located in the following Statement of Operations account:

(a) Change in net unrealized depreciation on futures

Federal Income Taxes. The Portfolio's policy is to comply with the requirements of the Internal Revenue Code, as amended, which are applicable to regulated investment companies, and to distribute all of its taxable and tax-exempt income to its shareholders.

At December 31, 2009, the Portfolio had a net tax basis capital loss carryforward of approximately $19,477,000, which may be applied against any realized net taxable capital gains of each succeeding year until fully utilized or until December 31, 2017 (the expiration date) whichever occurs first.

In addition,from November 1, 2009 through December 31, 2009, the Portfolio incurred approximately $74,000 of net realized capital losses. As permitted by tax regulations, the Portfolio intends to elect to defer these losses and treat them as arising in the fiscal year ending December 31, 2010.

The Portfolio has reviewed the tax positions for the open tax years as of December 31, 2009 and has determined that no provision for income tax is required in the Portfolio's financial statements. The Portfolio's federal tax returns for the prior three fiscal years remain open subject to examination by the Internal Revenue Service.

Distribution of Income and Gains. Net investment income of the Portfolio, if any, is distributed to shareholders annually. Net realized gains from investment transactions, in excess of available capital loss carryforwards, would be taxable to the Portfolio if not distributed, and, therefore, will be distributed to shareholders at least annually.

The timing and characterization of certain income and capital gains distributions are determined annually in accordance with federal tax regulations, which may differ from accounting principles generally accepted in the United States of America. These differences primarily relate to investments in futures contracts and certain securities sold at a loss. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. Accordingly, the Portfolio may periodically make reclassifications among certain of its capital accounts without impacting the net asset value of the Portfolio.

The tax character of current year distributions will be determined at the end of the current fiscal year.

Contingencies. In the normal course of business, the Portfolio may enter into contracts with service providers that contain general indemnification clauses. The Portfolio's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Portfolio that have not yet been made. However, based on experience, the Portfolio expects the risk of loss to be remote.

Expenses. Expenses of the Trust arising in connection with a specific portfolio are allocated to that portfolio. Other Trust expenses which cannot be directly attributed to a portfolio are apportioned among the portfolios in the Trust.

Real Estate Investment Trusts. The Portfolio periodically recharacterizes distributions received from a Real Estate Investment Trust ("REIT") investment based on information provided by the REIT into the following categories: ordinary income, long-term and short-term capital gains, and return of capital. If information is not available timely from a REIT, the recharacterization will be estimated and a recharacterization will be made in the following year when such information becomes available. Distributions received from REITs in excess of income are recorded as either a reduction of cost of investments or realized gains. The Portfolio distinguishes between dividends on a tax basis and a financial reporting basis and only distributions in excess of tax basis earnings and profits are reported in the financial statements as a tax return of capital.

Other. Investment transactions are accounted for on a trade date plus one basis for daily net asset valuation calculations. However, for financial reporting purposes, investment transactions are reported on trade date. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date net of foreign withholding taxes. Realized gains and losses from investment transactions are recorded on an identified cost basis.

B. Purchases and Sales of Securities

During the six months ended June 30, 2010, purchases and sales of investment securities (excluding short-term investments) aggregated $35,186,150 and $70,541,299, respectively.

C. Related Parties

Investment Management Agreement. Under the Investment Management Agreement with Deutsche Investment Management Americas Inc. ("DIMA" or the "Advisor"), an indirect, wholly owned subsidiary of Deutsche Bank AG, the Advisor determines the securities, instruments and other contracts relating to investments to be purchased, sold, or entered into by the Portfolio or delegates such responsibility to the Portfolio's sub-advisor. Pursuant to the Investment Management Agreement with the Advisor, the Portfolio pays the Advisor an annual fee based on its average daily net assets, computed and accrued daily and payable monthly at the annual rate of 0.35%.

Northern Trust Investments, N.A. ("NTI") acts as investment sub-advisor for the Portfolio. As the Portfolio's investment sub-advisor, NTI makes the Portfolio's investment decisions. It buys and sells securities for the Portfolio and conducts the research that leads to these purchase and sale decisions. NTI is paid by the Advisor for its services.

For the period from January 1, 2010 through April 30, 2011 (through September 30, 2010 for Class B), the Advisor has contractually agreed to waive its fees and/or reimburse certain operating expenses of the Portfolio to the extent necessary to maintain operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage and interest) of each class as follows:

Class A

.53%

Class B

.93%

Accordingly, for the six months ended June 30, 2010, the Advisor waived a portion of its management fee aggregating $12,850 and the amount charged aggregated $524,083, which was equivalent to an annualized effective rate of 0.34% of the Portfolio's average daily net assets.

Administration Fee. Pursuant to the Administrative Services Agreement, DIMA provides most administrative services to the Portfolio. For all services provided under the Administrative Services Agreement, the Portfolio pays DIMA an annual fee ("Administration Fee") of 0.10% of the Portfolio's average daily net assets, computed and accrued daily and payable monthly. For the six months ended June 30, 2010, the Administration Fee was $153,409, of which $23,213 is unpaid.

Distribution Service Agreement. DWS Investments Distributors, Inc. ("DIDI"), an affiliate of the Advisor, is the Portfolio's distributor. In accordance with the Distribution Plan, DIDI receives 12b-1 fees of up to 0.25% of average daily net assets of Class B shares. For the six months ended June 30, 2010, the Distribution Service Fee was as follows:

Distribution Service Fee

Total Aggregated

Unpaid at June 30, 2010

Class B

$ 58,504

$ 9,117

Service Provider Fees. DWS Investments Service Company ("DISC"), an affiliate of the Advisor, is the transfer agent, dividend-paying agent and shareholder service agent of the Portfolio. Pursuant to a sub-transfer agency agreement among DISC and DST Systems, Inc. ("DST"), DISC has delegated certain transfer agent, dividend-paying agent and shareholder service agent functions to DST. DISC compensates DST out of the shareholder servicing fee they receive from the Portfolio. For the six months ended June 30, 2010, the amounts charged to the Portfolio by DISC were as follows:

Services to Shareholders

Total Aggregated

Waived

Unpaid at June 30, 2010

Class A

$ 654

$ 654

$ —

Class B

179

90

 

$ 833

$ 654

$ 90

Typesetting and Filing Service Fees. Under an agreement with DIMA, DIMA is compensated for providing typesetting and certain regulatory filing services to the Portfolio. For the six months ended June 30, 2010, the amount charged to the Portfolio by DIMA included in the Statement of Operations under "reports to shareholders" aggregated $9,807, of which $3,694 is unpaid.

Trustees' Fees and Expenses. The Portfolio paid each Trustee not affiliated with the Advisor retainer fees plus specified amounts for various committee services and for the Board Chairperson.

Affiliated Cash Management Vehicles. The Portfolio may invest uninvested cash balances in Central Cash Management Fund and other affiliated money market funds managed by the Advisor. The Portfolio indirectly bears its proportionate share of the expenses of the underlying money market funds. Central Cash Management Fund does not pay the Advisor an investment management fee. Central Cash Management Fund seeks a high level of current income consistent with liquidity and the preservation of capital.

D. Line of Credit

The Portfolio and other affiliated funds (the "Participants") share in a $450 million revolving credit facility provided by a syndication of banks. The Portfolio may borrow for temporary or emergency purposes, including the meeting of redemption requests that otherwise might require the untimely disposition of securities. The Participants are charged an annual commitment fee which is allocated based on net assets, among each of the Participants. Interest is calculated at a rate per annum equal to the sum of the Federal Funds Rate plus 1.25 percent plus if LIBOR exceeds the Federal Funds Rate the amount of such excess. The Portfolio may borrow up to a maximum of 33 percent of its net assets under the agreement.

E. Ownership of the Portfolio

At June 30, 2010, one participating insurance company was beneficial owner of record of 10% or more of the total outstanding Class A shares of the Portfolio, owning 59%. At June 30, 2010, two participating insurance companies were beneficial owners of record of 10% or more of the outstanding Class B shares of the Portfolio, each owning 46% and 25%, respectively.

F. Review for Subsequent Events

Management has evaluated the events and transactions subsequent to period end through the date the financial statements were available to be issued, and has determined that there were no material events that would require disclosure in the Portfolio's financial statements.

Proxy Voting

The Portfolio's policies and procedures for voting proxies for portfolio securities and information about how the Portfolio voted proxies related to its portfolio securities during the 12-month period ended June 30 are available on our Web site — www.dws-investments.com (click on "proxy voting" at the bottom of the page) — or on the SEC's Web site — www.sec.gov. To obtain a written copy of the Portfolio's policies and procedures without charge, upon request, call us toll free at (800) 621-1048.

Summary of Management Fee Evaluation by Independent Fee Consultant

October 9, 2009, As Revised November 20, 2009

Pursuant to an Order entered into by Deutsche Investment Management Americas and affiliates (collectively, "DeAM") with the Attorney General of New York, I, Thomas H. Mack, have been appointed the Independent Fee Consultant for the DWS Funds (formerly the DWS Scudder Funds). My duties include preparing an annual written evaluation of the management fees DeAM charges the Funds, considering among other factors the management fees charged by other mutual fund companies for like services, management fees DeAM charges other clients for like services, DeAM's costs of supplying services under the management agreements and related profit margins, possible economies of scale if a Fund grows larger, and the nature and quality of DeAM's services, including fund performance. This report summarizes my evaluation for 2009, including my qualifications, the evaluation process for each of the DWS Funds, consideration of certain complex-level factors, and my conclusions. I served in substantially the same capacity in 2007 and 2008.

Qualifications

For more than 35 years I have served in various professional capacities within the investment management business. I have held investment analysis and advisory positions, including securities analyst, portfolio strategist and director of investment policy with a large investment firm. I have also performed business management functions, including business development, financial management and marketing research and analysis.

Since 1991, I have been an independent consultant within the asset management industry. I have provided services to over 125 client organizations, including investment managers, mutual fund boards, product distributors and related organizations. Over the past ten years I have completed a number of assignments for mutual fund boards, specifically including assisting boards with management contract renewal.

I hold a Master of Business Administration degree, with highest honors, from Harvard University and Master of Science and Bachelor of Science (highest honors) degrees from the University of California at Berkeley. I am an independent director and audit committee financial expert for two closed-end mutual funds and serve in various leadership and financial oversight capacities with non-profit organizations.

Evaluation of Fees for each DWS Fund

My work focused primarily on evaluating, fund-by-fund, the fees charged to each of the 124 publicly offered Fund portfolios in the DWS Fund family. For each Fund, I considered each of the key factors mentioned above, as well as any other relevant information. In doing so I worked closely with the Funds' Independent Directors in their annual contract renewal process, as well as in their approval of contracts for several new funds (documented separately).

In evaluating each Fund's fees, I reviewed comprehensive materials provided by or on behalf of DeAM, including expense information prepared by Lipper Analytical, comparative performance information, profitability data, manager histories, and other materials. I also accessed certain additional information from the Lipper, Strategic Insight, and Morningstar databases and drew on my industry knowledge and experience.

To facilitate evaluating this considerable body of information, I prepared for each Fund a document summarizing the key data elements in each area as well as additional analytics discussed below. This made it possible to consider each key data element in the context of the others.

In the course of contract renewal, DeAM agreed to implement a number of fee and expense adjustments requested by the Independent Directors which will favorably impact future fees and expenses, and my evaluation includes the effects of these changes.

Fees and Expenses Compared with Other Funds

The competitive fee and expense evaluation for each fund focused on two primary comparisons:

The Fund's contractual management fee (the advisory fee plus the administration fee where applicable) compared with those of a group of typically 12-15 funds in the same Lipper investment category (e.g. Large Capitalization Growth) having similar distribution arrangements and being of similar size.

The Fund's total expenses compared with a broader universe of funds from the same Lipper investment category and having similar distribution arrangements.

These two comparisons provide a view of not only the level of the fee compared with funds of similar scale but also the total expense the Fund bears for all the services it receives, in comparison with the investment choices available in the Fund's investment category and distribution channel. The principal figure-of-merit used in these comparisons was the subject Fund's percentile ranking against peers.

DeAM's Fees for Similar Services to Others

DeAM provided management fee schedules for all of its US domiciled fund and non-fund investment management accounts in any of the investment categories where there is a DWS Fund. These similar products included the other DWS Funds, non-fund pooled accounts, institutional accounts and sub-advisory accounts. Using this information, I calculated for each Fund the fee that would be charged to each similar product, at the subject Fund's asset level.

Evaluating information regarding non-fund products is difficult because there are varying levels of services required for different types of accounts, with mutual funds generally requiring considerably more regulatory and administrative types of service as well as having more frequent cash flows than other types of accounts. Also, while mutual fund fees for similar fund products can be expected to be similar, there will be some differences due to different pricing conditions in different distribution channels (e.g. retail funds versus those used in variable insurance products), differences in underlying investment processes and other factors.

Costs and Profit Margins

DeAM provided a detailed profitability analysis for each Fund. After making some adjustments so that the presentation would be more comparable to the available industry figures, I reviewed profit margins from investment management alone, from investment management plus other fund services (excluding distribution) provided to the Funds by DeAM (principally shareholder services), and DeAM profits from all sources, including distribution. A later section comments on overall profitability.

Economies of Scale

Economies of scale — an expected decline in management cost per dollar of fund assets as fund assets grow — are very rarely quantified and documented because of inherent difficulties in collecting and analyzing relevant data. However, in virtually every investment category that I reviewed, larger funds tend to have lower fees and lower total expenses than smaller funds. To see how each DWS Fund compares with this industry observation, I reviewed:

The trend in Fund assets over the last five years and the accompanying trend in total expenses. This shows if the Fund has grown and, if so, whether total expense (management fees as well as other expenses) have declined as a percent of assets.

Whether the Fund has break-points in its management fee schedule, the extent of the fee reduction built into the schedule and the asset levels where the breaks take effect, and in the case of a sub-advised Fund how the Fund's break-points compare with those of the sub-advisory fee schedule.

How the Fund's contractual fee schedule compares with trends in the industry data. To accomplish this, I constructed a chart showing how actual latest-fiscal-year contractual fees of the Fund and of other similar funds relate to average fund assets, with the subject Fund's contractual fee schedule superimposed.

Quality of Service — Performance

The quality-of-service evaluation focused on investment performance, which is the principal result of the investment management service. Each Fund's performance was reviewed over the past 1, 3, 5 and 10 years, as applicable, and compared with that of other funds in the same investment category and with a suitable market index.

In addition, I calculated and reviewed risk-adjusted returns relative to an index of similar mutual funds' returns and a suitable market index. The risk-adjusted returns analysis provides a way of determining the extent to which the Fund's return comparisons are mainly the product of investment value-added (or lack thereof) or alternatively taking considerably more or less risk than is typical in its investment category.

I also received and considered the history of portfolio manager changes for each Fund, as this provided an important context for evaluating the performance results.

Complex-Level Considerations

While this evaluation was conducted mainly at the individual fund level, there are some issues relating to the reasonableness of fees that can alternatively be considered across the whole fund complex:

I reviewed DeAM's profitability analysis for all DWS Funds, with a view toward determining if the allocation procedures used were reasonable and how profit levels compared with public data for other investment managers.

I considered whether DeAM and affiliates receive any significant ancillary or "fall-out" benefits that should be considered in interpreting the direct profitability results. These would be situations where serving as the investment manager of the Funds is beneficial to another part of the Deutsche Bank organization.

I considered how aggregated DWS Fund expenses had varied over the years, by asset class and in the context of trends in asset levels.

I reviewed the structure of the DeAM organization, trends in staffing levels, and information on compensation of investment management and other professionals compared with industry data.

Findings

Based on the process and analysis discussed above, which included reviewing a wide range of information from management and external data sources and considering among other factors the fees DeAM charges other clients, the fees charged by other fund managers, DeAM's costs and profits associated with managing the Funds, economies of scale, possible fall-out benefits, and the nature and quality of services provided, in my opinion the management fees charged the DWS Funds are reasonable.

vipscif_sigmack0
Thomas H. Mack

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Deutsche Investment Management Americas Inc. ("DIMA"), an indirect, wholly owned subsidiary of Deutsche Bank AG, is the Portfolio's Advisor.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

The views expressed in this report reflect those of the portfolio managers only through the end of the period of the report as stated on the cover. The managers' views are subject to change at any time based on market and other conditions and should not be construed as a recommendation.

This information must be preceded or accompanied by a current prospectus.

Portfolio changes should not be considered recommendations for action by individual investors.

DWS Investments Distributors, Inc.
222 South Riverside Plaza
Chicago, IL 60606
(800) 778-1482

vit-scif-3 (R-18030-1 8/10)

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ITEM 2.

CODE OF ETHICS

 

 

 

Not applicable.

 

 

ITEM 3.

AUDIT COMMITTEE FINANCIAL EXPERT

 

 

 

Not applicable.

 

 

ITEM 4.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

 

 

 

Not applicable.

 

 

ITEM 5.

AUDIT COMMITTEE OF LISTED REGISTRANTS

 

 

 

Not Applicable

 

 

ITEM 6.

SCHEDULE OF INVESTMENTS

 

 

 

Not Applicable

 

 

ITEM 7.

DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

 

 

 

Not applicable.

 

 

ITEM 8.

PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

 

 

 

Not applicable.

 

 

ITEM 9.

PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS

 

 

 

Not applicable.

 

 

ITEM 10.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

 

 

There were no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board. The primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Paul K. Freeman, Independent Chairman, DWS Funds, P.O. Box 101833, Denver, CO 80250-1833.

 

 

ITEM 11.

CONTROLS AND PROCEDURES

 

 

 

(a)        The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

 

 

 

(b)       There have been no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

 

 

ITEM 12.

EXHIBITS

 

 

 

(a)(1)   Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 

 

 

(b)       Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

 

 

Form N-CSRS Item F

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Registrant:

DWS Small Cap Index VIP, a series of DWS Investments VIT Funds

 

 

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 20, 2010

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

By:

/s/Michael G. Clark

Michael G. Clark

President

 

 

Date:

August 20, 2010

 

 

 

 

 

 

By:

/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

 

 

Date:

August 20, 2010

 

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President

Form N-CSRS Certification under Sarbanes Oxley Act

 

I, Michael G. Clark, certify that:

 

1.

I have reviewed this report, filed on behalf of DWS Small Cap Index VIP, a series of DWS Investments VIT Funds, on Form N-CSRS;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

August 20, 2010

/s/Michael G. Clark

 

Michael G. Clark

 

President

 

 

Chief Financial Officer and Treasurer

Form N-CSRS Certification under Sarbanes Oxley Act

 

I, Paul Schubert, certify that:

 

1.

I have reviewed this report, filed on behalf of DWS Small Cap Index VIP, a series of DWS Investments VIT Funds, on Form N-CSRS;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

August 20, 2010

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

EX-99.906CERT 9 ex99906certsemi.htm 906 CERTIFICATIONS

President

Section 906 Certification under Sarbanes Oxley Act

 

I, Michael G. Clark, certify that:

 

1.

I have reviewed this report, filed on behalf of DWS Small Cap Index VIP, a series of DWS Investments VIT Funds, on Form N-CSRS;

 

2.

Based on my knowledge and pursuant to 18 U.S.C. § 1350, the periodic report on Form N-CSRS (the “Report”) fully complies with the requirements of § 13 (a) or §15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

August 20, 2010

/s/Michael G. Clark

 

Michael G. Clark

 

President

 

 

 

Chief Financial Officer and Treasurer

Section 906 Certification under Sarbanes Oxley Act

 

I, Paul Schubert, certify that:

 

1.

I have reviewed this report, filed on behalf of DWS Small Cap Index VIP, a series of DWS Investments VIT Funds, on Form N-CSRS;

 

2.

Based on my knowledge and pursuant to 18 U.S.C. § 1350, the periodic report on Form N-CSRS (the “Report”) fully complies with the requirements of § 13 (a) or § 15 (d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

August 20, 2010

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

-----END PRIVACY-ENHANCED MESSAGE-----