sr63012scivip.htm

JUNE 30, 2012

SEMIANNUAL REPORT

DWS INVESTMENTS VIT FUNDS

DWS Small Cap Index VIP

Contents

3 Performance Summary

4 Portfolio Summary

6 Portfolio Management

7 Investment Portfolio

42 Statement of Assets and Liabilities

43 Statement of Operations

44 Statement of Changes in Net Assets

45 Financial Highlights

47 Notes to Financial Statements

52 Information About Your Fund's Expenses

53 Proxy Voting

54 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) 728-3337 or your financial representative. We advise you to consider the Fund's objectives, risks, charges and expenses carefully before investing. The summary prospectus and prospectus contain this and other important information about the Fund. Please read the prospectus carefully before you invest.

Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Various factors, including costs, cash flows and security selection, may cause the Fund's performance to differ from that of the index. The Fund may lend securities to approved institutions. Stocks of smaller companies involve greater risk than securities of larger, more established companies. Stocks may decline in value. See prospectus for details.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the U.S., 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, 2012 (Unaudited)

Fund 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 Fund'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 Fund or any variable life insurance policy or variable annuity contract for which the Fund is an investment option. These charges and fees will reduce returns.

The gross expense ratios of the Fund, as stated in the fee table of the prospectus dated May 1, 2012 are 0.57% and 0.82% for Class A and Class B shares, respectively, and may differ from the expense ratios disclosed in the Financial Highlights tables in this report.

Growth of an Assumed $10,000 Investment
		The Russell 2000® Index is an unmanaged, capitalization-weighted measure of approximately 2,000 of the smallest companies in the Russell 3000® Index. Index returns do not reflect any fees or expenses and it is not possible to invest directly into an index.

Yearly periods ended June 30

Comparative Results (as of June 30, 2012)
DWS Small Cap Index VIP		6-Month‡			1-Year			3-Year			5-Year			10-Year
Class A	Growth of $10,000	$	10,845		$	9,774		$	16,214		$	10,088		$	18,912
Class A	Average annual total return		8.45	%		-2.26	%		17.48	%		0.18	%		6.58	%
Russell 2000 Index	Growth of $10,000	$	10,853		$	9,792		$	16,346		$	10,273		$	19,675
Russell 2000 Index	Average annual total return		8.53	%		-2.08	%		17.80	%		0.54	%		7.00	%
DWS Small Cap Index VIP		6-Month‡			1-Year			3-Year			5-Year			10-Year
Class B	Growth of $10,000	$	10,827		$	9,750		$	16,086		$	9,964		$	18,453
Class B	Average annual total return		8.27	%		-2.50	%		17.17	%		-0.07	%		6.32	%
Russell 2000 Index	Growth of $10,000	$	10,853		$	9,792		$	16,346		$	10,273		$	19,675
Russell 2000 Index	Average annual total return		8.53	%		-2.08	%		17.80	%		0.54	%		7.00	%

The growth of $10,000 is cumulative.

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

Portfolio Summary (Unaudited)

Asset Allocation (As a % of Investment Portfolio excluding Securities Lending Collateral)	6/30/12	12/31/11

Common Stocks	97%	97%
Cash Equivalents*	2%	2%
Government & Agency Obligations	1%	1%
	100%	100%

Sector Diversification (As a % of Common Stocks and Warrants)	6/30/12	12/31/11

Financials	21%	22%
Information Technology	17%	17%
Industrials	15%	15%
Consumer Discretionary	14%	13%
Health Care	13%	13%
Energy	6%	7%
Materials	5%	4%
Consumer Staples	4%	4%
Utilities	4%	4%
Telecommunication Services	1%	1%
	100%	100%

Ten Largest Equity Holdings (2.4% of Net Assets)
1. Pharmacyclics, Inc. A pharmaceutical company	0.3%
2. Cepheid, Inc. Manufactures microfluidic systems	0.3%
3. HMS Holdings Corp. Provides proprietary information management and data processing products and services	0.3%
4. Questcor Pharmaceuticals, Inc. Develops and commercializes novel central-nervous-system-focused therapeutics that address significant unmet medical needs	0.3%
5. VIVUS, Inc. A biopharmaceutical company developing therapies for obesity, sleep apnea, diabeties and sexual health	0.2%
6. athenahealth, Inc. Provides Internet-based business services for physician practices	0.2%
7. Woodward, Inc. Manufacturer of engine fuel delivery and control systems	0.2%
8. United Natural Foods, Inc. Distributor of natural foods and related products	0.2%
9. Dril-Quip, Inc. Designer and manufacturer of offshore drilling and production equipment	0.2%
10. Hexcel Corp. Develops, manufactures and markets reinforcement products and engineered products	0.2%

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

Portfolio holdings and characteristics are subject to change.

For more complete details about the Fund's investment portfolio, see page 7.

Following the Fund'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. The Fund's portfolio holdings are also posted on www.dws-investments.com from time to time. Please see the Fund's current prospectus for more information.

Portfolio Management

Brent Reeder

Portfolio Manager and Senior Vice President, Northern Trust Investments, Inc., Subadvisor to the Fund

Investment Portfolio June 30, 2012 (Unaudited)

	Shares		Value ($)

Common Stocks 97.1%
Consumer Discretionary 13.4%
Auto Components 0.8%
American Axle & Manufacturing Holdings, Inc.*		17,925		188,033
Amerigon, Inc.* (a)		7,786		89,461
Cooper Tire & Rubber Co.		16,689		292,725
Dana Holding Corp. (a)		39,551		506,648
Dorman Products, Inc.*		6,552		164,390
Drew Industries, Inc.*		5,151		143,455
Exide Technologies*		20,949		70,389
Federal-Mogul Corp.*		4,957		54,527
Fuel Systems Solutions, Inc.* (a)		3,939		65,742
Modine Manufacturing Co.*		12,773		88,517
Shiloh Industries, Inc.		1,452		16,698
Spartan Motors, Inc. (a)		9,110		47,736
Standard Motor Products, Inc. (a)		5,261		74,075
Stoneridge, Inc.*		7,745		52,743
Superior Industries International, Inc.		6,167		100,954
Tenneco, Inc.*		16,256		435,986
Tower International, Inc.*		1,701		17,861
				2,409,940
Automobiles 0.0%
Winnebago Industries, Inc.* (a)		7,964		81,153
Distributors 0.2%
Core-Mark Holding Co., Inc.		3,041		146,394
Pool Corp. (a)		12,700		513,842
VOXX International Corp.*		4,797		44,708
Weyco Group, Inc. (a)		1,795		41,608
				746,552
Diversified Consumer Services 1.3%
American Public Education, Inc.* (a)		4,845		155,040
Ascent Capital Group, Inc. "A"*		3,823		197,840
Bridgepoint Education, Inc.* (a)		4,764		103,855
Capella Education Co.*		3,616		125,692
Career Education Corp.*		13,898		92,978
Carriage Services, Inc.		4,278		35,593
Coinstar, Inc.* (a)		8,388		575,920
Collectors Universe, Inc.		1,449		21,271
Corinthian Colleges, Inc.* (a)		20,624		59,603
Education Management Corp.* (a)		7,160		49,762
Grand Canyon Education, Inc.*		10,709		224,247
Hillenbrand, Inc. (a)		14,825		272,484
K12, Inc.* (a)		7,156		166,735
Lincoln Educational Services Corp.		5,887		38,266
Mac-Gray Corp.		3,169		44,651
Matthews International Corp. "A"		7,562		245,689
National American University Holdings, Inc.		2,172		9,340
Regis Corp. (a)		15,444		277,374
Sotheby's		18,165		605,985
Steiner Leisure Ltd.*		4,103		190,420
Stewart Enterprises, Inc. "A" (a)		19,787		141,279
Strayer Education, Inc. (a)		3,157		344,176
Universal Technical Institute, Inc.		5,638		76,169
				4,054,369
	Shares		Value ($)

Hotels, Restaurants & Leisure 3.2%
AFC Enterprises, Inc.*		6,465		149,600
Ameristar Casinos, Inc.		8,824		156,802
Benihana, Inc. (a)		2,824		45,495
Biglari Holdings, Inc.*		324		125,190
BJ's Restaurants, Inc.* (a)		6,567		249,546
Bluegreen Corp.*		3,840		19,046
Bob Evans Farms, Inc. (a)		7,797		313,439
Boyd Gaming Corp.* (a)		15,091		108,655
Bravo Brio Restaurant Group, Inc.* (a)		5,272		94,000
Buffalo Wild Wings, Inc.* (a)		4,973		430,861
Caesars Entertainment Corp.* (a)		9,684		110,398
Caribou Coffee Co., Inc.* (a)		5,657		73,032
Carrols Restaurant Group, Inc.*		4,342		25,791
CEC Entertainment, Inc.		4,944		179,813
Churchill Downs, Inc.		3,482		204,707
Cracker Barrel Old Country Store, Inc. (a)		5,133		322,352
Denny's Corp.*		26,161		116,155
DineEquity, Inc.*		4,141		184,854
Domino's Pizza, Inc. (a)		15,511		479,445
Einstein Noah Restaurant Group, Inc.		1,758		30,870
Fiesta Restaurant Group, Inc.*		4,324		57,207
Frisch's Restaurants, Inc.		838		23,749
Gaylord Entertainment Co.* (a)		8,320		320,819
Ignite Restaurant Group, Inc.*		1,775		32,145
International Speedway Corp. "A"		7,423		194,334
Interval Leisure Group, Inc.		10,451		198,674
Isle of Capri Casinos, Inc.* (a)		5,455		33,657
Jack in the Box, Inc.* (a)		11,835		329,960
Jamba, Inc.* (a)		18,987		37,215
Krispy Kreme Doughnuts, Inc.* (a)		15,920		101,729
LIFE TIME FITNESS, Inc.* (a)		11,483		534,074
Luby's, Inc.* (a)		5,004		33,527
Marcus Corp.		5,319		73,189
Marriott Vacations Worldwide Corp.*		7,125		220,733
Monarch Casino & Resort, Inc.*		2,265		20,702
Morgans Hotel Group Co.*		5,613		26,381
MTR Gaming Group, Inc.*		6,053		28,752
Multimedia Games Holding Co., Inc.*		7,177		100,478
Nathan's Famous, Inc.*		715		21,093
Orient-Express Hotels Ltd. "A"*		25,961		217,294
P.F. Chang's China Bistro, Inc. (a)		5,701		293,430
Papa John's International, Inc.* (a)		4,803		228,479
Peet's Coffee & Tea, Inc.* (a)		3,550		213,142
Pinnacle Entertainment, Inc.*		16,757		161,202
Premier Exhibitions, Inc.*		6,895		18,617
Red Lion Hotels Corp.*		3,771		32,619
Red Robin Gourmet Burgers, Inc.*		3,932		119,965
Ruby Tuesday, Inc.* (a)		17,232		117,350
Ruth's Hospitality Group, Inc.* (a)		9,324		61,538
Scientific Games Corp. "A"*		15,243		130,328
Shuffle Master, Inc.*		14,720		203,136
Six Flags Entertainment Corp. (a)		10,626		575,717
Sonic Corp.*		16,489		165,220
Speedway Motorsports, Inc. (a)		3,181		53,791
Texas Roadhouse, Inc. (a)		16,757		308,832
	Shares		Value ($)

The Cheesecake Factory, Inc.* (a)		14,438		461,438
Town Sports International Holdings, Inc.*		6,220		82,664
Vail Resorts, Inc. (a)		9,649		483,222
WMS Industries, Inc.*		14,757		294,402
				10,030,855
Household Durables 1.0%
American Greetings Corp. "A" (a)		9,420		137,720
Bassett Furniture Industries, Inc.		3,038		31,322
Beazer Homes U.S.A., Inc.* (a)		26,589		86,414
Blyth, Inc.		2,728		94,280
Cavco Industries, Inc.* (a)		1,834		94,047
CSS Industries, Inc.		2,632		54,088
Ethan Allen Interiors, Inc. (a)		6,521		129,964
Flexsteel Industries, Inc.		1,212		23,973
Helen of Troy Ltd.*		8,513		288,506
Hooker Furniture Corp.		2,904		34,238
Hovnanian Enterprises, Inc. "A"* (a)		26,772		77,639
iRobot Corp.* (a)		7,369		163,223
KB HOME (a)		20,690		202,762
La-Z-Boy, Inc.*		13,812		169,749
Libbey, Inc.* (a)		5,505		84,612
Lifetime Brands, Inc. (a)		2,536		31,624
M.D.C. Holdings, Inc.		10,259		335,161
M/I Homes, Inc.*		5,118		88,644
Meritage Homes Corp.*		7,588		257,537
Ryland Group, Inc. (a)		12,000		306,960
Sealy Corp.* (a)		13,302		24,609
Skullcandy, Inc.* (a)		4,347		61,510
Standard Pacific Corp.* (a)		29,105		180,160
Universal Electronics, Inc.*		3,966		52,232
Zagg, Inc.* (a)		6,833		74,548
				3,085,522
Internet & Catalog Retail 0.3%
1-800 FLOWERS.COM, Inc. "A"*		6,901		24,084
Blue Nile, Inc.* (a)		3,711		110,254
CafePress, Inc.*		1,242		18,481
Geeknet, Inc.* (a)		1,184		23,467
HSN, Inc.		10,173		410,481
NutriSystem, Inc. (a)		7,651		88,446
Orbitz Worldwide, Inc.*		5,489		20,035
Overstock.com, Inc.* (a)		2,996		20,702
PetMed Express, Inc. (a)		5,415		65,846
Shutterfly, Inc.* (a)		9,590		294,317
U.S. Auto Parts Network, Inc.*		4,076		17,038
Vitacost.com, Inc.* (a)		5,951		35,111
				1,128,262
Leisure Equipment & Products 0.5%
Arctic Cat, Inc.*		3,393		124,048
Black Diamond, Inc.* (a)		5,636		53,260
Brunswick Corp.		23,925		531,614
Callaway Golf Co. (a)		17,117		101,161
JAKKS Pacific, Inc. (a)		6,860		109,829
Johnson Outdoors, Inc. "A"* (a)		1,520		31,312
LeapFrog Enterprises, Inc.*		13,517		138,684
Marine Products Corp.		3,050		18,544
Smith & Wesson Holding Corp.* (a)		17,384		144,461
Steinway Musical Instruments, Inc.*		1,951		47,800
Sturm, Ruger & Co., Inc. (a)		5,128		205,889
				1,506,602
	Shares		Value ($)

Media 1.2%
Arbitron, Inc.		7,125		249,375
Beasley Broadcast Group, Inc. "A"*		1,185		6,980
Belo Corp. "A"		25,286		162,842
Carmike Cinemas, Inc.*		4,747		69,543
Central European Media Enterprises Ltd. "A"* (a)		9,963		50,612
Crown Media Holdings, Inc.* (a)		7,874		13,779
Cumulus Media, Inc. "A"* (a)		15,081		45,394
Daily Journal Corp.*		263		22,560
Dial Global, Inc.* (a)		1,464		4,860
Digital Domain Media Group, Inc.* (a)		2,861		17,910
Digital Generation, Inc.* (a)		7,479		92,515
Entercom Communications Corp. "A"* (a)		6,479		39,004
Entravision Communications Corp. "A"		13,431		16,251
Fisher Communications, Inc.*		2,319		69,361
Global Sources Ltd.* (a)		5,067		33,442
Harte-Hanks, Inc.		12,163		111,170
Journal Communications, Inc. "A"*		11,334		58,483
Knology, Inc.*		8,340		164,048
LIN TV Corp. "A"*		7,600		22,952
Lions Gate Entertainment Corp.* (a)		22,730		335,040
Live Nation Entertainment, Inc.*		37,691		346,003
Martha Stewart Living Omnimedia, Inc. "A" (a)		7,657		26,034
McClatchy Co. "A"* (a)		14,716		32,375
MDC Partners, Inc. "A" (a)		6,735		76,375
Meredith Corp. (a)		9,708		310,073
National CineMedia, Inc.		15,027		227,960
New York Times Co. "A"* (a)		36,581		285,332
Nexstar Broadcasting Group, Inc. "A"* (a)		2,951		19,890
Outdoor Channel Holdings, Inc.		3,731		27,274
ReachLocal, Inc.*		2,611		28,721
Reading International, Inc. "A"* (a)		4,460		24,129
Rentrak Corp.*		2,404		49,643
Saga Communications, Inc. "A"*		945		35,069
Salem Communications Corp. "A"		2,719		14,873
Scholastic Corp. (a)		6,964		196,106
Sinclair Broadcast Group, Inc. "A"		13,480		122,129
The E.W. Scripps Co. "A"*		7,911		76,025
Valassis Communications, Inc.* (a)		11,460		249,255
Value Line, Inc. (a)		300		3,567
World Wrestling Entertainment, Inc. "A"		7,267		56,828
				3,793,782
Multiline Retail 0.2%
Fred's, Inc. "A" (a)		9,866		150,851
Gordmans Stores, Inc.*		2,268		37,422
Saks, Inc.* (a)		29,488		314,047
The Bon-Ton Stores, Inc. (a)		3,254		25,414
Tuesday Morning Corp.*		11,226		48,160
				575,894
Specialty Retail 3.4%
Aeropostale, Inc.*		21,770		388,159
America's Car-Mart, Inc.*		2,110		81,973
ANN, Inc.* (a)		13,069		333,129
Asbury Automotive Group, Inc.*		7,410		175,543
Barnes & Noble, Inc.* (a)		7,608		125,228
	Shares		Value ($)

bebe stores, inc. (a)		10,068		59,099
Big 5 Sporting Goods Corp. (a)		4,473		33,816
Body Central Corp.*		4,334		39,006
Brown Shoe Co., Inc. (a)		11,485		148,271
Cabela's, Inc.* (a)		12,500		472,625
Casual Male Retail Group, Inc.*		11,533		41,865
Cato Corp. "A" (a)		7,375		224,642
Children's Place Retail Stores, Inc.* (a)		6,451		321,453
Citi Trends, Inc.* (a)		3,928		60,648
Collective Brands, Inc.* (a)		16,396		351,202
Conn's, Inc.* (a)		4,180		61,864
Cost Plus, Inc.* (a)		5,138		113,036
Destination Maternity Corp. (a)		3,589		77,522
Express, Inc.*		23,958		435,317
Francesca's Holdings Corp.* (a)		9,323		251,814
Genesco, Inc.* (a)		6,557		394,404
Group 1 Automotive, Inc. (a)		6,145		280,273
Haverty Furniture Companies, Inc.		5,054		56,453
hhgregg, Inc.* (a)		4,291		48,531
Hibbett Sports, Inc.* (a)		7,070		408,010
Hot Topic, Inc.		11,277		109,274
Jos. A. Bank Clothiers, Inc.* (a)		7,456		316,582
Kirkland's, Inc.* (a)		4,060		45,675
Lithia Motors, Inc. "A" (a)		5,825		134,266
Lumber Liquidators Holdings, Inc.* (a)		7,381		249,404
MarineMax, Inc.* (a)		5,482		52,134
Mattress Firm Holding Corp.* (a)		2,951		89,445
Monro Muffler Brake, Inc. (a)		8,278		275,161
New York & Co., Inc.*		6,834		23,782
Office Depot, Inc.*		76,147		164,478
OfficeMax, Inc.* (a)		23,743		120,140
Orchard Supply Hardware Stores Corp. "A"*		514		8,548
Penske Automotive Group, Inc.		11,376		241,626
Perfumania Holdings, Inc.* (a)		1,371		11,366
Pier 1 Imports, Inc. (a)		26,160		429,809
RadioShack Corp. (a)		26,658		102,367
Rent-A-Center, Inc.		15,924		537,276
Rue21, Inc.* (a)		4,149		104,721
Select Comfort Corp.*		15,194		317,858
Shoe Carnival, Inc.		3,833		82,371
Sonic Automotive, Inc. "A" (a)		10,694		146,187
Stage Stores, Inc. (a)		8,163		149,546
Stein Mart, Inc.*		7,238		57,542
Systemax, Inc.* (a)		2,979		35,212
Talbots, Inc.* (a)		18,603		46,880
Teavana Holdings, Inc.* (a)		2,356		31,877
The Buckle, Inc. (a)		7,435		294,203
The Finish Line, Inc. "A" (a)		13,642		285,254
The Men's Wearhouse, Inc.		13,565		381,719
The Pep Boys — Manny, Moe & Jack (a)		14,239		140,966
The Wet Seal, Inc. "A"*		23,786		75,164
Tilly's, Inc. "A"*		2,459		39,467
Vitamin Shoppe, Inc.* (a)		7,890		433,398
West Marine, Inc.* (a)		3,980		46,765
Winmark Corp. (a)		579		33,900
Zumiez, Inc.* (a)		5,869		232,412
				10,830,658
Textiles, Apparel & Luxury Goods 1.3%
Cherokee, Inc. (a)		2,369		33,000
Columbia Sportswear Co. (a)		3,284		176,088
	Shares		Value ($)

Crocs, Inc.*		24,091		389,070
Culp, Inc.		2,339		23,975
Delta Apparel, Inc.* (a)		1,898		25,927
Fifth & Pacific Companies, Inc.* (a)		29,129		312,554
G-III Apparel Group Ltd.* (a)		4,404		104,331
Iconix Brand Group, Inc.* (a)		18,875		329,746
K-Swiss, Inc. "A"* (a)		7,254		22,342
Kenneth Cole Productions, Inc. "A"*		2,090		31,455
Maidenform Brands, Inc.* (a)		6,419		127,866
Movado Group, Inc.		4,617		115,517
Oxford Industries, Inc. (a)		3,753		167,759
Perry Ellis International, Inc.* (a)		3,184		66,068
Quiksilver, Inc.*		34,635		80,700
R.G. Barry Corp.		2,256		30,659
Skechers U.S.A., Inc. "A"* (a)		10,254		208,874
Steven Madden Ltd.*		10,510		333,692
The Jones Group, Inc.		22,007		210,387
The Warnaco Group, Inc.* (a)		10,994		468,125
True Religion Apparel, Inc.		6,981		202,309
Tumi Holdings, Inc.* (a)		5,779		101,133
Unifi, Inc.*		3,776		42,782
Vera Bradley, Inc.* (a)		5,393		113,684
Wolverine World Wide, Inc.		13,055		506,273
				4,224,316
Consumer Staples 3.6%
Beverages 0.1%
Boston Beer Co., Inc. "A"* (a)		2,084		252,164
Central European Distribution Corp.* (a)		17,678		50,559
Coca-Cola Bottling Co. Consolidated (a)		1,253		80,543
Craft Brewers Alliance, Inc.* (a)		2,920		23,886
National Beverage Corp.* (a)		2,978		44,491
				451,643
Food & Staples Retailing 1.2%
Arden Group, Inc. "A" (a)		314		27,384
Casey's General Stores, Inc.		10,200		601,698
Harris Teeter Supermarkets, Inc.		11,756		481,878
Ingles Markets, Inc. "A"		3,451		55,319
Nash Finch Co. (a)		3,191		68,543
Pantry, Inc.*		6,094		89,582
PriceSmart, Inc. (a)		4,872		328,909
Rite Aid Corp.*		176,787		247,502
Roundy's, Inc. (a)		5,548		56,645
Spartan Stores, Inc. (a)		5,864		106,314
SUPERVALU, Inc.		56,892		294,700
Susser Holdings Corp.*		2,995		111,324
The Andersons, Inc.		4,994		213,044
The Chefs' Warehouse, Inc.* (a)		2,952		53,284
United Natural Foods, Inc.*		13,088		718,008
Village Super Market, Inc. "A"		2,270		73,957
Weis Markets, Inc. (a)		2,951		131,378
				3,659,469
Food Products 1.5%
Alico, Inc. (a)		948		28,952
Annie's, Inc.*		1,340		56,092
B&G Foods, Inc.		12,964		344,842
Cal-Maine Foods, Inc. (a)		3,881		151,747
Calavo Growers, Inc. (a)		3,141		80,347
Chiquita Brands International, Inc.*		11,975		59,875
Darling International, Inc.* (a)		31,525		519,847
Diamond Foods, Inc. (a)		6,049		107,914
	Shares		Value ($)

Dole Food Co., Inc.* (a)		9,789		85,948
Farmer Brothers Co.* (a)		1,596		12,704
Fresh Del Monte Produce, Inc.		10,217		239,793
Griffin Land & Nurseries, Inc.		794		22,224
Hain Celestial Group, Inc.*		9,873		543,410
Inventure Foods, Inc.*		3,501		22,056
J & J Snack Foods Corp. (a)		3,971		234,686
John B. Sanfilippo & Son, Inc.*		2,132		38,056
Lancaster Colony Corp. (a)		4,927		350,852
Lifeway Foods, Inc.		1,483		15,379
Limoneira Co. (a)		2,308		37,436
Omega Protein Corp.*		5,139		37,823
Pilgrim's Pride Corp.* (a)		15,924		113,857
Post Holdings, Inc.*		7,404		227,673
Sanderson Farms, Inc. (a)		6,152		281,885
Seneca Foods Corp. "A"* (a)		2,383		64,103
Smart Balance, Inc.*		15,685		147,282
Snyders-Lance, Inc. (a)		11,821		298,244
Tootsie Roll Industries, Inc. (a)		6,399		152,680
TreeHouse Foods, Inc.*		9,632		599,977
Westway Group, Inc. (a)		3,271		19,593
				4,895,277
Household Products 0.2%
Central Garden & Pet Co. "A"* (a)		10,357		112,788
Harbinger Group, Inc.*		11,049		86,072
Oil-Dri Corp. of America (a)		1,278		27,988
Orchids Paper Products Co. (a)		1,548		27,369
Spectrum Brands Holdings, Inc.*		6,154		200,436
WD-40 Co. (a)		4,276		212,987
				667,640
Personal Products 0.3%
Elizabeth Arden, Inc.* (a)		6,753		262,084
Female Health Co. (a)		4,952		29,068
Inter Parfums, Inc. (a)		4,266		73,674
Medifast, Inc.* (a)		3,779		74,371
Nature's Sunshine Products, Inc. (a)		2,941		44,409
Nutraceutical International Corp.*		2,493		38,018
Prestige Brands Holdings, Inc.* (a)		13,523		213,799
Revlon, Inc. "A"* (a)		2,941		41,850
Schiff Nutrition International, Inc.* (a)		3,668		65,841
Synutra International, Inc.* (a)		4,155		22,437
USANA Health Sciences, Inc.* (a)		1,640		67,437
				932,988
Tobacco 0.3%
Alliance One International, Inc.* (a)		23,966		82,922
Star Scientific, Inc.* (a)		39,069		178,155
Universal Corp. (a)		6,224		288,358
Vector Group Ltd. (a)		14,128		240,458
				789,893
Energy 5.8%
Energy Equipment & Services 1.8%
Basic Energy Services, Inc.*		8,261		85,254
Bolt Technology Corp.		2,294		34,433
Bristow Group, Inc.		9,578		389,537
C&J Energy Services, Inc.* (a)		11,937		220,835
Cal Dive International, Inc.* (a)		25,460		73,834
Dawson Geophysical Co.*		2,084		49,641
Dril-Quip, Inc.* (a)		10,762		705,880
Exterran Holdings, Inc.* (a)		17,379		221,582
Forbes Energy Services Ltd.*		3,953		18,579
	Shares		Value ($)

Forum Energy Technologies, Inc.* (a)		5,932		116,801
Global Geophysical Services, Inc.*		5,486		33,574
Gulf Island Fabrication, Inc.		3,835		108,185
GulfMark Offshore, Inc. "A"*		7,187		244,645
Heckmann Corp.* (a)		35,829		121,102
Helix Energy Solutions Group, Inc.* (a)		28,296		464,337
Hercules Offshore, Inc.*		42,466		150,330
Hornbeck Offshore Services, Inc.*		9,456		366,704
ION Geophysical Corp.* (a)		35,361		233,029
Key Energy Services, Inc.*		40,460		307,496
Lufkin Industries, Inc. (a)		8,999		488,826
Matrix Service Co.* (a)		7,104		80,630
Mitcham Industries, Inc.*		3,405		57,783
Natural Gas Services Group*		3,396		50,329
Newpark Resources, Inc.* (a)		24,032		141,789
OYO Geospace Corp.*		1,707		153,613
Parker Drilling Co.*		31,513		142,124
PHI, Inc. (Non Voting)*		3,534		98,281
Pioneer Drilling Co.* (a)		16,484		131,377
RigNet, Inc.*		3,290		57,213
Tesco Corp.*		8,091		97,092
TETRA Technologies, Inc.*		20,801		148,311
TGC Industries, Inc.		3,902		37,888
Union Drilling, Inc.*		3,732		16,719
Vantage Drilling Co.* (a)		51,316		76,974
Willbros Group, Inc.* (a)		10,522		67,972
				5,792,699
Oil, Gas & Consumable Fuels 4.0%
Abraxas Petroleum Corp.* (a)		21,828		69,631
Adams Resources & Energy, Inc.		564		23,643
Alon U.S.A. Energy, Inc. (a)		2,399		20,296
Amyris, Inc.* (a)		8,114		35,945
Apco Oil & Gas International, Inc. (a)		2,369		42,760
Approach Resources, Inc.* (a)		7,750		197,935
Arch Coal, Inc. (a)		56,882		391,917
ATP Oil & Gas Corp.* (a)		11,968		40,452
Berry Petroleum Co. "A" (a)		14,034		556,588
Bill Barrett Corp.*		12,890		276,104
Bonanza Creek Energy, Inc.*		2,652		44,103
BPZ Resources, Inc.* (a)		28,468		72,024
Callon Petroleum Co.*		11,130		47,414
Carrizo Oil & Gas, Inc.*		10,606		249,347
Ceres, Inc.*		1,513		13,693
Clayton Williams Energy, Inc.* (a)		1,623		78,521
Clean Energy Fuels Corp.* (a)		17,711		274,521
Cloud Peak Energy, Inc.*		16,352		276,512
Comstock Resources, Inc.* (a)		12,896		211,752
Contango Oil & Gas Co.* (a)		3,417		202,286
CREDO Petroleum Corp.*		1,838		26,596
Crimson Exploration, Inc.* (a)		5,588		25,649
Crosstex Energy, Inc.		10,926		152,964
CVR Energy, Inc.* (a)		4,375		116,288
Delek U.S. Holdings, Inc.		4,546		79,964
Endeavour International Corp.* (a)		10,365		87,066
Energy Partners Ltd.*		7,438		125,702
Energy XXI (Bermuda) Ltd. (a)		21,132		661,220
Evolution Petroleum Corp.* (a)		4,547		37,922
Forest Oil Corp.*		31,563		231,357
Frontline Ltd. (a)		13,711		62,522
FX Energy, Inc.* (a)		14,561		86,638
GasLog Ltd.* (a)		6,306		64,006
	Shares		Value ($)

Gastar Exploration Ltd.* (a)		14,946		28,846
GeoResources, Inc.* (a)		5,673		207,689
Gevo, Inc.* (a)		5,584		27,752
Goodrich Petroleum Corp.* (a)		6,925		95,981
Green Plains Renewable Energy, Inc.* (a)		6,687		41,727
Gulfport Energy Corp.*		14,915		307,696
Halcon Resources Corp.* (a)		18,886		178,284
Hallador Energy Co. (a)		1,765		14,967
Harvest Natural Resources, Inc.* (a)		10,030		85,757
Isramco, Inc.* (a)		272		29,920
KiOR, Inc.* (a)		7,072		63,294
Knightsbridge Tankers Ltd. (a)		6,541		53,244
Kodiak Oil & Gas Corp.* (a)		70,616		579,757
Magnum Hunter Resources Corp.* (a)		39,941		166,953
Matador Resources Co.* (a)		3,688		39,609
McMoRan Exploration Co.* (a)		27,198		344,599
Midstates Petroleum Co., Inc.*		6,439		62,523
Miller Energy Resources, Inc.* (a)		8,307		41,535
Nordic American Tankers Ltd. (a)		14,187		192,518
Northern Oil & Gas, Inc.* (a)		17,016		271,235
Oasis Petroleum, Inc.*		21,406		517,597
Overseas Shipholding Group, Inc. (a)		6,617		73,515
Panhandle Oil & Gas, Inc. (a)		1,844		55,578
Patriot Coal Corp.* (a)		23,762		28,990
PDC Energy, Inc.* (a)		8,083		198,195
Penn Virginia Corp. (a)		12,253		89,937
PetroQuest Energy, Inc.* (a)		15,525		77,625
Quicksilver Resources, Inc.*		31,465		170,540
Renewable Energy Group, Inc.* (a)		1,932		14,355
Rentech, Inc.* (a)		59,802		123,192
Resolute Energy Corp.* (a)		12,946		123,893
REX American Resources Corp.*		1,571		30,666
Rex Energy Corp.*		11,569		129,688
Rosetta Resources, Inc.*		14,173		519,299
Sanchez Energy Corp.* (a)		3,103		64,542
Saratoga Resources, Inc.* (a)		4,876		28,671
Scorpio Tankers, Inc.* (a)		10,118		64,654
SemGroup Corp. "A"*		11,194		357,424
Ship Finance International Ltd. (a)		12,126		189,529
Solazyme, Inc.* (a)		8,770		121,903
Stone Energy Corp.*		13,258		335,958
Swift Energy Co.* (a)		11,485		213,736
Synergy Resources Corp.*		10,493		32,318
Targa Resources Corp. (a)		7,759		331,309
Teekay Tankers Ltd. "A" (a)		16,900		77,064
Triangle Petroleum Corp.* (a)		11,960		66,737
Uranerz Energy Corp.* (a)		16,739		24,272
Uranium Energy Corp.* (a)		22,731		52,054
VAALCO Energy, Inc.*		15,507		133,825
Venoco, Inc.*		7,676		76,837
Voyager Oil & Gas, Inc.* (a)		12,342		21,722
W&T Offshore, Inc. (a)		9,424		144,187
Warren Resources, Inc.*		19,323		46,375
Western Refining, Inc. (a)		15,351		341,867
Westmoreland Coal Co.* (a)		2,959		23,820
ZaZa Energy Corp.* (a)		6,661		30,108
				12,649,206
	Shares		Value ($)

Financials 20.7%
Capital Markets 2.2%
Apollo Investment Corp. (a)		54,375		417,600
Arlington Asset Investment Corp. "A" (a)		2,308		50,107
Artio Global Investors, Inc. "A" (a)		8,152		28,532
BGC Partners, Inc. "A" (a)		26,397		154,950
BlackRock Kelso Capital Corp. (a)		19,735		192,614
Calamos Asset Management, Inc. "A" (a)		5,040		57,708
Capital Southwest Corp. (a)		783		80,524
CIFC Corp.* (a)		1,725		12,713
Cohen & Steers, Inc.		4,950		170,824
Cowen Group, Inc. "A"* (a)		23,536		62,606
Diamond Hill Investment Group (a)		700		54,803
Duff & Phelps Corp. "A" (a)		8,365		121,292
Edelman Financial Group, Inc. (a)		5,355		46,589
Epoch Holding Corp. (a)		4,276		97,407
Evercore Partners, Inc. "A"		7,673		179,471
FBR & Co.* (a)		10,243		28,373
Fidus Investment Corp. (a)		2,534		38,441
Fifth Street Finance Corp. (a)		22,093		220,488
Financial Engines, Inc.* (a)		12,415		266,302
Firsthand Technology Value Fund, Inc.* (a)		2,291		40,459
FXCM, Inc. "A"		5,534		65,080
GAMCO Investors, Inc. "A" (a)		1,742		77,327
GFI Group, Inc. (a)		18,300		65,148
Gladstone Capital Corp. (a)		5,787		45,659
Gladstone Investment Corp. (a)		5,926		43,793
Golub Capital BDC LLC (a)		3,819		57,629
Greenhill & Co., Inc.		7,793		277,820
GSV Capital Corp.* (a)		5,175		48,128
Harris & Harris Group, Inc.* (a)		8,500		32,300
Hercules Technology Growth Capital, Inc.		13,363		151,536
HFF, Inc. "A"*		8,747		121,933
Horizon Technology Finance Corp. (a)		1,683		27,753
ICG Group, Inc.*		9,722		89,929
INTL FCStone, Inc.* (a)		3,695		71,498
Investment Technology Group, Inc.*		10,305		94,806
JMP Group, Inc.		4,060		25,091
KBW, Inc. (a)		9,326		153,413
Knight Capital Group, Inc. "A"* (a)		26,409		315,323
Kohlberg Capital Corp. (a)		5,861		42,551
Ladenburg Thalmann Financial Services, Inc.* (a)		29,227		45,010
Main Street Capital Corp. (a)		6,423		155,437
Manning & Napier, Inc. (a)		3,649		51,925
MCG Capital Corp. (a)		20,923		96,246
Medallion Financial Corp.		4,784		50,806
Medley Capital Corp.		4,640		55,866
MVC Capital, Inc. (a)		6,391		82,763
New Mountain Finance Corp. (a)		2,278		32,325
NGP Capital Resources Co. (a)		5,775		40,887
Oppenheimer Holdings, Inc. "A" (a)		2,665		41,894
PennantPark Investment Corp. (a)		15,128		156,575
Piper Jaffray Companies, Inc.* (a)		4,411		103,350
Prospect Capital Corp. (a)		32,719		372,669
Pzena Investment Management, Inc. "A"		2,325		10,300
Safeguard Scientifics, Inc.*		5,681		87,942
	Shares		Value ($)

Solar Capital Ltd. (a)		9,882		219,973
Solar Senior Capital Ltd. (a)		2,557		43,213
Stifel Financial Corp.* (a)		14,396		444,836
SWS Group, Inc.*		7,909		42,155
TCP Capital Corp. (a)		1,544		22,326
THL Credit, Inc. (a)		3,214		43,293
TICC Capital Corp. (a)		9,958		96,593
Triangle Capital Corp. (a)		7,207		164,175
Virtus Investment Partners, Inc.* (a)		1,621		131,301
Walter Investment Management Corp.		7,677		179,949
Westwood Holdings Group, Inc.		1,785		66,509
WisdomTree Investments, Inc.*		15,694		103,110
				7,069,948
Commercial Banks 6.4%
1st Source Corp.		3,964		89,586
1st United Bancorp., Inc.*		8,043		49,947
Access National Corp. (a)		1,977		25,899
Alliance Financial Corp.		1,287		44,196
American National Bankshares, Inc.		2,097		49,405
Ameris Bancorp.* (a)		6,239		78,611
Ames National Corp. (a)		2,109		48,486
Arrow Financial Corp. (a)		2,735		66,105
BancFirst Corp. (a)		1,701		71,289
Banco Latinoamericano de Comercio Exterior SA "E"		7,569		162,204
BancorpSouth, Inc. (a)		25,304		367,414
Bank of Kentucky Financial Corp. (a)		1,566		41,718
Bank of Marin Bancorp. (a)		1,461		54,072
Bank of the Ozarks, Inc. (a)		7,793		234,413
Banner Corp. (a)		4,885		107,030
Bar Harbor Bankshares		1,037		37,332
BBCN Bancorp., Inc.*		20,900		227,601
Berkshire Bancorp., Inc.* (a)		1,142		10,050
Boston Private Financial Holdings, Inc.		20,925		186,860
Bridge Bancorp., Inc. (a)		2,317		54,658
Bridge Capital Holdings* (a)		2,572		41,538
Bryn Mawr Bank Corp. (a)		2,992		63,041
BSB Bancorp., Inc.*		2,189		27,910
C&F Financial Corp.		857		34,417
Camden National Corp.		2,123		77,744
Capital Bank Corp.* (a)		3,465		7,900
Capital City Bank Group, Inc. (a)		3,126		23,039
Cardinal Financial Corp.		7,865		96,582
Cascade Bancorp.*		1,700		10,081
Cathay General Bancorp. (a)		21,090		348,196
Center Bancorp., Inc. (a)		3,257		36,641
Centerstate Banks, Inc.		8,053		57,579
Central Pacific Financial Corp.* (a)		5,800		81,896
Century Bancorp., Inc. "A"		853		25,360
Chemical Financial Corp. (a)		7,464		160,476
Citizens & Northern Corp. (a)		3,236		61,646
Citizens Republic Bancorp., Inc.*		10,707		183,411
City Holding Co. (a)		3,873		130,481
CNB Financial Corp. (a)		3,426		55,878
CoBiz Financial, Inc. (a)		9,034		56,553
Columbia Banking System, Inc.		10,501		197,629
Community Bank System, Inc. (a)		10,550		286,116
Community Trust Bancorp., Inc. (a)		3,735		125,085
Crescent Financial Bancshares, Inc.*		835		3,774
	Shares		Value ($)

CVB Financial Corp. (a)		23,504		273,822
Eagle Bancorp., Inc.* (a)		4,643		73,127
Encore Bancshares, Inc.* (a)		2,493		51,431
Enterprise Bancorp., Inc. (a)		1,668		27,339
Enterprise Financial Services Corp. (a)		4,778		52,367
Farmers National Banc Corp. (a)		5,030		31,337
Fidelity Southern Corp. (a)		2,515		21,730
Financial Institutions, Inc.		3,650		61,612
First BanCorp.* (a)		18,853		74,658
First BanCorp. — North Carolina (a)		4,128		36,698
First Bancorp., Inc. (a)		2,327		39,559
First Busey Corp. (a)		20,315		98,121
First California Financial Group, Inc.*		6,012		41,363
First Commonwealth Financial Corp. (a)		27,969		188,231
First Community Bancshares, Inc.		4,395		63,420
First Connecticut Bancorp, Inc. (a)		4,755		64,193
First Financial Bancorp.		15,761		251,861
First Financial Bankshares, Inc. (a)		8,442		291,756
First Financial Corp. — Indiana (a)		3,076		89,204
First Interstate BancSystem, Inc. "A" (a)		4,522		64,393
First Merchants Corp. (a)		7,661		95,456
First Midwest Bancorp., Inc.		20,300		222,894
First of Long Island Corp.		2,064		59,794
FirstMerit Corp. (a)		29,364		485,093
FNB Corp. (a)		37,376		406,277
FNB United Corp.* (a)		2,679		34,800
German American Bancorp., Inc. (a)		3,465		71,032
Glacier Bancorp., Inc. (a)		19,268		298,461
Great Southern Bancorp., Inc. (a)		2,688		74,135
Greene Bancshares, Inc.* (a)		3,308		5,491
Guaranty Bancorp.*		20,396		43,036
Hampton Roads Bankshares, Inc. (Entitlement Shares)*		4,972		3,807
Hancock Holding Co. (a)		20,441		622,224
Hanmi Financial Corp.* (a)		8,381		87,833
Heartland Financial U.S.A., Inc. (a)		3,900		93,600
Heritage Commerce Corp.* (a)		5,778		37,557
Heritage Financial Corp. (a)		4,301		63,010
Heritage Oaks Bancorp.* (a)		5,394		30,045
Home Bancshares, Inc.		5,843		178,679
Horizon Bancorp. (a)		1,002		26,353
Hudson Valley Holding Corp. (a)		4,259		77,088
IBERIABANK Corp. (a)		7,911		399,110
Independent Bank Corp. (a)		5,724		167,198
International Bancshares Corp.		14,278		278,707
Investors Bancorp., Inc.* (a)		11,753		177,353
Lakeland Bancorp., Inc. (a)		7,242		76,186
Lakeland Financial Corp.		4,409		118,293
MainSource Financial Group, Inc. (a)		5,589		66,118
MB Financial, Inc. (a)		14,661		315,798
Mercantile Bank Corp.*		2,300		42,435
Merchants Bancshares, Inc. (a)		1,284		35,374
Metro Bancorp., Inc.*		3,770		45,353
MetroCorp Bancshares, Inc.* (a)		4,236		45,198
Middleburg Financial Corp.		1,432		24,344
MidSouth Bancorp., Inc. (a)		2,182		30,723
MidWestOne Financial Group, Inc. (a)		1,818		39,087
National Bankshares, Inc. (a)		1,801		54,246
National Penn Bancshares, Inc.		33,035		316,145
	Shares		Value ($)

NBT Bancorp., Inc. (a)		8,960		193,446
Northrim BanCorp., Inc.		1,725		37,070
Old National Bancorp. (a)		25,352		304,478
OmniAmerican Bancorp., Inc.* (a)		2,936		62,918
Oriental Financial Group, Inc.		10,860		120,329
Pacific Capital Bancorp.* (a)		1,133		51,812
Pacific Continental Corp. (a)		4,619		40,971
Pacific Mercantile Bancorp.* (a)		2,859		19,756
PacWest Bancorp. (a)		8,152		192,958
Park National Corp. (a)		3,036		211,761
Park Sterling Corp.*		8,459		39,842
Peapack-Gladstone Financial Corp.		2,369		36,743
Penns Woods Bancorp., Inc. (a)		1,059		42,159
Peoples Bancorp., Inc. (a)		2,888		63,478
Pinnacle Financial Partners, Inc.*		9,395		183,296
Preferred Bank*		3,142		41,977
PrivateBancorp., Inc.		16,182		238,846
Prosperity Bancshares, Inc.		12,711		534,243
Renasant Corp. (a)		6,723		105,618
Republic Bancorp., Inc. "A" (a)		2,649		58,940
S&T Bancorp., Inc. (a)		7,756		143,253
S.Y. Bancorp., Inc. (a)		3,285		78,676
Sandy Spring Bancorp., Inc. (a)		6,400		115,200
SCBT Financial Corp. (a)		4,041		142,445
Seacoast Banking Corp. of Florida*		18,143		27,396
Sierra Bancorp. (a)		3,235		32,027
Simmons First National Corp. "A" (a)		4,606		107,089
Southside Bancshares, Inc. (a)		4,731		106,353
Southwest Bancorp., Inc.*		5,448		51,266
State Bank Financial Corp.* (a)		8,376		126,980
StellarOne Corp.		6,044		75,429
Sterling Bancorp. (a)		8,060		80,439
Sterling Financial Corp.* (a)		7,153		135,120
Suffolk Bancorp.* (a)		2,554		33,125
Sun Bancorp., Inc.*		11,027		29,773
Susquehanna Bancshares, Inc.		50,335		518,452
Taylor Capital Group, Inc.* (a)		4,352		71,329
Texas Capital Bancshares, Inc.* (a)		10,155		410,160
The Bancorp., Inc.*		7,713		72,888
Tompkins Financial Corp. (a)		2,472		93,145
TowneBank (a)		7,073		99,022
TriCo Bancshares (a)		4,291		66,081
Trustmark Corp. (a)		17,347		424,655
UMB Financial Corp. (a)		8,645		442,883
Umpqua Holdings Corp.		30,159		396,892
Union First Market Bankshares Corp.		5,314		76,787
United Bankshares, Inc. (a)		13,460		348,345
United Community Banks, Inc.* (a)		11,087		95,016
Univest Corp. of Pennsylvania		4,634		76,600
Virginia Commerce Bancorp., Inc.*		7,178		60,511
Washington Banking Co. (a)		4,313		59,951
Washington Trust Bancorp., Inc. (a)		3,906		95,228
Webster Financial Corp.		19,327		418,623
WesBanco, Inc.		6,368		135,384
West Bancorp. (a)		4,052		38,535
West Coast Bancorp.* (a)		5,221		102,593
Westamerica Bancorp. (a)		7,452		351,660
Western Alliance Bancorp.*		18,743		175,434
Wilshire Bancorp., Inc.* (a)		16,309		89,373
Wintrust Financial Corp. (a)		9,726		345,273
				20,274,436
	Shares		Value ($)

Consumer Finance 0.6%
Cash America International, Inc.		7,871		346,639
Credit Acceptance Corp.* (a)		2,108		177,978
DFC Global Corp.*		11,783		217,161
EZCORP, Inc. "A"*		12,855		301,578
First Cash Financial Services, Inc.*		7,657		307,582
Green Dot Corp. "A"* (a)		6,431		142,254
Nelnet, Inc. "A"		6,400		147,200
Netspend Holdings, Inc.* (a)		8,332		76,571
Nicholas Financial, Inc. (a)		2,636		33,793
Regional Management Corp.* (a)		1,291		21,237
The First Marblehead Corp.* (a)		15,439		18,064
World Acceptance Corp.* (a)		2,948		193,978
				1,984,035
Diversified Financial Services 0.3%
California First National Bancorp. (a)		762		11,956
FX Alliance, Inc.*		1,567		24,618
Gain Capital Holdings, Inc. (a)		3,999		19,955
MarketAxess Holdings, Inc.		9,778		260,486
Marlin Business Services Corp.		2,051		33,616
MicroFinancial, Inc.		2,275		18,427
NewStar Financial, Inc.* (a)		6,897		89,385
PHH Corp.* (a)		15,183		265,399
PICO Holdings, Inc.* (a)		6,072		136,074
Resource America, Inc. "A"		3,243		20,690
				880,606
Insurance 2.3%
Alterra Capital Holdings Ltd. (a)		22,968		536,303
American Equity Investment Life Holding Co. (a)		16,223		178,615
American Safety Insurance Holdings Ltd.*		2,357		44,194
AMERISAFE, Inc.*		4,841		125,624
AmTrust Financial Services, Inc. (a)		6,537		194,214
Argo Group International Holdings Ltd.		6,909		202,226
Baldwin & Lyons, Inc. (a)		2,465		57,287
Citizens, Inc.* (a)		10,585		103,204
CNO Financial Group, Inc. (a)		56,840		443,352
Crawford & Co. "B" (a)		7,650		31,288
Donegal Group, Inc. "A"		2,074		27,543
Eastern Insurance Holdings, Inc.		1,773		30,141
eHealth, Inc.* (a)		5,375		86,591
EMC Insurance Group, Inc. (a)		1,245		25,149
Employers Holdings, Inc.		8,588		154,928
Enstar Group Ltd.*		2,263		223,901
FBL Financial Group, Inc. "A" (a)		2,720		76,187
First American Financial Corp.		28,446		482,444
Flagstone Reinsurance Holdings SA (a)		14,369		115,096
Fortegra Financial Corp.*		1,513		12,104
Global Indemnity PLC*		3,048		61,722
Greenlight Capital Re Ltd. "A"* (a)		7,522		191,209
Hallmark Financial Services, Inc.*		4,103		32,003
Hilltop Holdings, Inc.*		10,486		108,111
Homeowners Choice, Inc.		1,923		33,845
Horace Mann Educators Corp.		10,579		184,921
Independence Holding Co. (a)		2,109		20,774
Infinity Property & Casualty Corp.		3,149		181,603
Investors Title Co.		333		18,958
Kansas City Life Insurance Co. (a)		1,074		37,794
Maiden Holdings Ltd.		13,212		114,680
Meadowbrook Insurance Group, Inc. (a)		13,501		118,674
	Shares		Value ($)

Montpelier Re Holdings Ltd.		13,411		285,520
National Financial Partners Corp.* (a)		11,079		148,459
National Interstate Corp.		1,647		43,794
National Western Life Insurance Co. "A"		577		81,888
Navigators Group, Inc.*		2,675		133,884
OneBeacon Insurance Group Ltd. "A"		6,186		80,542
Phoenix Companies, Inc.* (a)		31,041		57,426
Platinum Underwriters Holdings Ltd.		9,322		355,168
Presidential Life Corp.		5,610		55,146
Primerica, Inc.		12,594		336,638
RLI Corp. (a)		5,671		386,762
Safety Insurance Group, Inc.		3,403		138,298
Seabright Holdings, Inc.		5,256		46,726
Selective Insurance Group, Inc. (a)		14,674		255,474
State Auto Financial Corp. (a)		3,829		53,797
Stewart Information Services Corp. (a)		4,977		76,397
Symetra Financial Corp.		20,784		262,294
Tower Group, Inc. (a)		9,328		194,675
United Fire Group, Inc. (a)		5,395		115,075
Universal Insurance Holdings, Inc. (a)		5,335		18,192
				7,380,840
Real Estate Investment Trusts 7.3%
Acadia Realty Trust (REIT)		11,721		271,693
AG Mortgage Investment Trust, Inc. (a)		4,206		90,387
Agree Realty Corp. (REIT) (a)		3,141		69,510
Alexander's, Inc. (REIT)		563		242,715
American Assets Trust, Inc. (REIT)		8,857		214,782
American Capital Mortgage Investment Corp. (REIT) (a)		9,691		231,421
American Realty Capital Trust, Inc. (REIT) (a)		42,445		463,499
Anworth Mortgage Asset Corp. (REIT) (a)		36,629		258,234
Apollo Commercial Real Estate Finance, Inc. (REIT) (a)		4,656		74,822
Apollo Residential Mortgage, Inc. (REIT) (a)		6,454		124,433
Ares Commercial Real Estate Corp. (REIT) (a)		2,063		36,061
ARMOUR Residential REIT, Inc. (REIT) (a)		47,582		338,308
Ashford Hospitality Trust (REIT)		14,308		120,616
Associated Estates Realty Corp. (REIT)		11,351		169,697
Campus Crest Communities, Inc. (REIT) (a)		8,383		87,099
CapLease, Inc. (REIT)		17,895		74,264
Capstead Mortgage Corp. (REIT)		24,971		347,347
Cedar Realty Trust, Inc. (REIT) (a)		16,227		81,946
Chatham Lodging Trust (REIT)		3,672		52,436
Chesapeake Lodging Trust (REIT) (a)		8,706		149,917
Colonial Properties Trust (REIT)		23,542		521,220
Colony Financial, Inc. (REIT)		8,763		151,600
Coresite Realty Corp. (REIT)		5,498		141,958
Cousins Properties, Inc. (REIT)		24,326		188,527
CreXus Investment Corp. (REIT) (a)		17,943		182,480
CubeSmart (REIT)		32,983		384,912
CYS Investments, Inc. (REIT) (a)		31,006		426,953
	Shares		Value ($)

DCT Industrial Trust, Inc. (REIT) (a)		66,185		416,966
DiamondRock Hospitality Co. (REIT)		45,034		459,347
DuPont Fabros Technology, Inc. (REIT) (a)		16,433		469,327
Dynex Capital, Inc. (REIT)		14,752		153,126
EastGroup Properties, Inc. (REIT)		7,619		406,093
Education Realty Trust, Inc. (REIT)		25,341		280,778
Entertainment Properties Trust (REIT) (a)		12,549		515,889
Equity One, Inc. (REIT)		14,683		311,280
Excel Trust, Inc. (REIT) (a)		9,029		107,987
FelCor Lodging Trust, Inc. (REIT)*		33,050		155,335
First Industrial Realty Trust, Inc. (REIT)*		23,787		300,192
First Potomac Realty Trust (REIT)		13,660		160,778
Franklin Street Properties Corp. (REIT) (a)		19,454		205,823
Getty Realty Corp. (REIT) (a)		6,872		131,599
Gladstone Commercial Corp. (REIT) (a)		2,983		49,697
Glimcher Realty Trust (REIT)		37,371		381,932
Government Properties Income Trust (REIT)		9,926		224,526
Gramercy Capital Corp. (REIT)*		12,268		30,670
Gyrodyne Co. of America, Inc. (REIT)*		319		36,465
Healthcare Realty Trust, Inc. (REIT)		20,878		497,732
Hersha Hospitality Trust (REIT)		46,122		243,524
Highwoods Properties, Inc. (REIT)		19,773		665,361
Hudson Pacific Properties, Inc. (REIT)		9,608		167,275
Inland Real Estate Corp. (REIT)		20,513		171,899
Invesco Mortgage Capital (REIT)		30,911		566,908
Investors Real Estate Trust (REIT) (a)		22,910		180,989
iStar Financial, Inc. (REIT)* (a)		22,706		146,454
Kite Realty Group Trust (REIT)		14,993		74,815
LaSalle Hotel Properties (REIT) (a)		22,954		668,880
Lexington Realty Trust (REIT)		32,069		271,624
LTC Properties, Inc. (REIT) (a)		8,143		295,428
Medical Properties Trust, Inc. (REIT) (a)		36,321		349,408
Mission West Properties, Inc. (REIT)		4,993		43,040
Monmouth Real Estate Investment Corp. "A" (REIT)		10,922		128,006
National Health Investors, Inc. (REIT)		6,556		333,832
New York Mortgage Trust, Inc. (REIT)		4,614		32,575
NorthStar Realty Finance Corp. (REIT) (a)		36,080		188,338
OMEGA Healthcare Investors, Inc. (REIT) (a)		28,338		637,605
One Liberty Properties, Inc. (REIT) (a)		3,092		58,222
Parkway Properties, Inc. (REIT)		4,254		48,666
Pebblebrook Hotel Trust (REIT)		14,075		328,088
Pennsylvania Real Estate Investment Trust (REIT)		15,004		224,760
PennyMac Mortgage Investment Trust (REIT) (a)		11,078		218,569
Potlatch Corp. (REIT)		10,804		345,080
PS Business Parks, Inc. (REIT)		4,960		335,891
RAIT Financial Trust (REIT) (a)		13,036		60,226
	Shares		Value ($)

Ramco-Gershenson Properties Trust (REIT)		12,478		156,849
Redwood Trust, Inc. (REIT) (a)		21,153		263,989
Resource Capital Corp. (REIT) (a)		22,692		120,948
Retail Opportunity Investments Corp. (REIT) (a)		13,569		163,642
RLJ Lodging Trust (REIT) (a)		28,596		518,446
Rouse Properties, Inc. (REIT)* (a)		5,935		80,419
Sabra Health Care REIT, Inc. (REIT)		9,832		168,226
Saul Centers, Inc. (REIT)		2,048		87,798
Select Income REIT (REIT)*		2,465		58,568
Sovran Self Storage, Inc. (REIT)		7,766		388,999
STAG Industrial, Inc. (REIT) (a)		6,387		93,123
Starwood Property Trust, Inc. (REIT)		31,174		664,318
Strategic Hotels & Resorts, Inc. (REIT)*		48,579		313,820
Summit Hotel Properties, Inc. (REIT)		8,201		68,642
Sun Communities, Inc. (REIT) (a)		7,081		313,263
Sunstone Hotel Investors, Inc. (REIT)*		31,923		350,834
Terreno Realty Corp. (REIT) (a)		3,539		53,474
Two Harbors Investment Corp. (REIT)		57,337		594,011
UMH Properties, Inc. (REIT)		3,540		37,984
Universal Health Realty Income Trust (REIT) (a)		3,136		130,238
Urstadt Biddle Properties "A" (REIT)		6,193		122,436
Washington Real Estate Investment Trust (REIT) (a)		17,744		504,817
Western Asset Mortgage Capital Corp. (REIT)* (a)		2,140		41,709
Whitestone REIT "B" (REIT) (a)		2,731		37,715
Winthrop Realty Trust (REIT) (a)		7,975		96,976
				23,009,086
Real Estate Management & Development 0.2%
AV Homes, Inc.* (a)		2,668		38,899
Consolidated-Tomoka Land Co. (a)		1,100		31,658
Forestar Group, Inc.*		9,260		118,621
Kennedy-Wilson Holdings, Inc. (a)		9,425		132,044
Tejon Ranch Co.* (a)		3,547		101,515
Thomas Properties Group, Inc.		8,636		46,980
				469,717
Thrifts & Mortgage Finance 1.4%
Astoria Financial Corp. (a)		23,354		228,869
Bank Mutual Corp. (a)		12,588		55,513
BankFinancial Corp. (a)		5,966		44,924
Beneficial Mutual Bancorp., Inc.*		8,922		76,997
Berkshire Hills Bancorp., Inc. (a)		5,949		130,878
BofI Holding, Inc.* (a)		2,572		50,823
Brookline Bancorp., Inc.		18,729		165,752
Cape Bancorp., Inc.* (a)		3,232		26,858
Chartar Financial Corp. (a)		1,490		14,453
Clifton Savings Bancorp., Inc.		2,359		24,557
Dime Community Bancshares		8,485		112,766
Doral Financial Corp.* (a)		35,758		53,637
ESB Financial Corp. (a)		2,803		37,000
ESSA Bancorp., Inc. (a)		2,280		24,624
EverBank Financial Corp.*		5,984		65,046
Federal Agricultural Mortgage Corp. "C" (a)		2,672		70,086
First Defiance Financial Corp.		2,601		44,529
	Shares		Value ($)

First Federal Bancshares of Arkansas, Inc.* (a)		944		7,646
First Financial Holdings, Inc.		4,361		46,750
First Financial Northwest, Inc.*		4,297		34,892
First PacTrust Bancorp, Inc. (a)		2,857		33,884
Flushing Financial Corp.		8,390		114,356
Fox Chase Bancorp. (a)		3,253		46,973
Franklin Financial Corp.* (a)		3,775		62,099
Heritage Financial Group, Inc.		2,318		29,833
Hingham Institution for Savings		343		20,741
Home Bancorp., Inc.* (a)		1,831		31,365
Home Federal Bancorp., Inc. (a)		4,056		42,588
Home Loan Servicing Solutions Ltd. (a)		3,499		46,887
HomeStreet, Inc.* (a)		1,139		36,437
Kaiser Federal Financial Group, Inc.		2,404		35,531
Kearny Financial Corp. (a)		4,167		40,378
Meridian Interstate Bancorp., Inc.* (a)		2,448		34,076
MGIC Investment Corp.* (a)		50,782		146,252
NASB Financial, Inc.* (a)		1,126		22,351
Nationstar Mortgage Holdings, Inc.*		5,134		110,484
Northfield Bancorp., Inc. (a)		4,097		58,218
Northwest Bancshares, Inc.		26,088		305,490
OceanFirst Financial Corp.		3,998		57,411
Ocwen Financial Corp.* (a)		28,788		540,639
Oritani Financial Corp.		12,220		175,846
Peoples Federal Bancshares, Inc.*		1,623		27,104
Provident Financial Holdings, Inc.		2,597		29,943
Provident Financial Services, Inc. (a)		16,139		247,734
Provident New York Bancorp.		9,116		69,190
Radian Group, Inc. (a)		35,548		116,953
Rockville Financial, Inc. (a)		7,797		90,211
Roma Financial Corp. (a)		2,001		17,048
SI Financial Group, Inc.		2,826		32,499
Territorial Bancorp., Inc. (a)		2,875		65,464
Tree.com, Inc.*		1,621		18,544
TrustCo Bank Corp. (a)		24,678		134,742
United Financial Bancorp., Inc. (a)		4,217		60,640
ViewPoint Financial Group		9,016		141,010
Walker & Dunlop, Inc.*		2,987		38,383
Waterstone Financial, Inc.*		1,961		7,452
Westfield Financial, Inc. (a)		6,809		49,706
WSFS Financial Corp.		2,043		82,558
				4,537,620
Health Care 13.1%
Biotechnology 3.9%
Achillion Pharmaceuticals, Inc.*		14,261		88,418
Acorda Therapeutics, Inc.* (a)		10,756		253,411
Aegerion Pharmaceuticals, Inc.* (a)		5,788		85,894
Affymax, Inc.*		9,720		125,194
Agenus, Inc.* (a)		6,112		32,027
Alkermes PLC* (a)		32,820		556,955
Allos Therapeutics, Inc.* (a)		21,791		39,006
Alnylam Pharmaceuticals, Inc.* (a)		12,443		145,210
AMAG Pharmaceuticals, Inc.* (a)		5,672		87,349
Amicus Therapeutics, Inc.* (a)		8,102		44,561
Anacor Pharmaceuticals, Inc.* (a)		3,988		25,882
Arena Pharmaceuticals, Inc.* (a)		52,833		527,273
ArQule, Inc.* (a)		15,414		91,405
Array BioPharma, Inc.*		23,891		82,902
Astex Pharmaceuticals, Inc.*		25,057		52,369
	Shares		Value ($)

Aveo Pharmaceuticals, Inc.* (a)		10,439		126,938
BioCryst Pharmaceuticals, Inc.* (a)		13,212		52,584
BioSpecifics Technologies Corp.* (a)		1,409		26,461
BioTime, Inc.* (a)		8,197		37,706
Celldex Therapeutics, Inc.* (a)		16,129		83,709
Cepheid, Inc.* (a)		17,585		786,929
ChemoCentryx, Inc.*		1,325		19,875
Clovis Oncology, Inc.* (a)		3,665		79,457
Codexis, Inc.* (a)		6,422		24,018
Coronado Biosciences, Inc.*		3,635		18,357
Cubist Pharmaceuticals, Inc.* (a)		16,977		643,598
Curis, Inc.* (a)		21,427		115,706
Cytori Therapeutics, Inc.* (a)		14,106		38,086
Dendreon Corp.* (a)		41,268		305,383
Discovery Laboratories, Inc.* (a)		11,653		27,035
DUSA Pharmaceuticals, Inc.* (a)		6,513		33,998
Dyax Corp.*		27,197		57,930
Dynavax Technologies Corp.* (a)		46,963		202,880
Emergent Biosolutions, Inc.*		6,952		105,323
Enzon Pharmaceuticals, Inc.* (a)		11,391		78,256
Exact Sciences Corp.* (a)		15,503		166,192
Exelixis, Inc.* (a)		39,496		218,413
Genomic Health, Inc.* (a)		4,303		143,720
Geron Corp.* (a)		34,552		59,429
GTx, Inc.* (a)		7,616		26,884
Halozyme Therapeutics, Inc.* (a)		24,058		213,154
Horizon Pharma, Inc.* (a)		5,672		40,441
Idenix Pharmaceuticals, Inc.* (a)		20,032		206,330
ImmunoCellular Therapeutics Ltd.*		10,706		40,147
ImmunoGen, Inc.* (a)		20,736		347,950
Immunomedics, Inc.* (a)		17,735		63,314
Infinity Pharmaceuticals, Inc.* (a)		5,233		70,959
InterMune, Inc.* (a)		17,534		209,531
Ironwood Pharmaceuticals, Inc. "A"* (a)		20,159		277,791
Isis Pharmaceuticals, Inc.* (a)		26,878		322,536
Keryx Biopharmaceuticals, Inc.* (a)		17,690		31,842
Lexicon Pharmaceuticals, Inc.* (a)		53,285		119,891
Ligand Pharmaceuticals, Inc. "B"* (a)		4,676		79,211
MannKind Corp.* (a)		30,261		69,298
Maxygen, Inc.* (a)		7,387		44,027
Merrimack Pharmaceuticals, Inc.* (a)		4,085		29,739
Momenta Pharmaceuticals, Inc.* (a)		12,555		169,744
Neurocrine Biosciences, Inc.*		17,780		140,640
NewLink Genetics Corp.* (a)		3,401		50,947
Novavax, Inc.* (a)		29,339		45,769
NPS Pharmaceuticals, Inc.* (a)		23,214		199,873
OncoGenex Pharmaceutical, Inc.* (a)		3,802		51,099
Oncothyreon, Inc.* (a)		15,364		71,904
Opko Health, Inc.* (a)		28,831		132,623
Orexigen Therapeutics, Inc.* (a)		16,183		89,654
Osiris Therapeutics, Inc.* (a)		4,179		45,844
PDL BioPharma, Inc. (a)		37,547		248,937
Pharmacyclics, Inc.* (a)		14,580		796,214
Progenics Pharmaceuticals, Inc.* (a)		7,920		77,458
Raptor Pharmaceuticals Corp.* (a)		13,432		75,085
Repligen Corp.*		8,285		35,625
Rigel Pharmaceuticals, Inc.* (a)		19,182		178,393
Sangamo BioSciences, Inc.* (a)		13,729		75,784
	Shares		Value ($)

SciClone Pharmaceuticals, Inc.* (a)		15,227		106,741
Seattle Genetics, Inc.* (a)		25,391		644,677
SIGA Technologies, Inc.* (a)		9,355		26,849
Spectrum Pharmaceuticals, Inc.* (a)		15,953		248,229
Sunesis Pharmaceuticals, Inc.* (a)		7,416		21,284
Synageva BioPharma Corp.*		2,459		99,737
Synergy Pharmaceuticals, Inc.* (a)		11,017		52,331
Synta Pharmaceuticals Corp.* (a)		9,966		54,514
Targacept, Inc.*		7,283		31,317
Theravance, Inc.* (a)		16,260		361,297
Threshold Pharmaceuticals, Inc.* (a)		12,056		89,214
Trius Therapeutics, Inc.* (a)		6,705		38,621
Vanda Pharmaceuticals, Inc.*		7,331		32,256
Verastem, Inc.* (a)		1,606		16,381
Vical, Inc.* (a)		20,422		73,519
XOMA Corp.* (a)		18,281		54,843
ZIOPHARM Oncology, Inc.* (a)		17,876		106,362
				12,426,649
Health Care Equipment & Supplies 3.3%
Abaxis, Inc.*		5,816		215,192
ABIOMED, Inc.* (a)		8,959		204,444
Accuray, Inc.* (a)		19,141		130,924
Align Technology, Inc.* (a)		19,256		644,306
Alphatec Holdings, Inc.* (a)		14,080		25,907
Analogic Corp.		3,293		204,166
AngioDynamics, Inc.*		6,425		77,164
Anika Therapeutics, Inc.*		3,160		42,944
Antares Pharma, Inc.* (a)		24,495		89,162
ArthroCare Corp.*		7,421		217,287
AtriCure, Inc.*		3,732		35,865
Atrion Corp.		417		85,477
Biolase, Inc.* (a)		1		2
Cantel Medical Corp. (a)		5,689		155,025
Cardiovascular Systems, Inc.* (a)		4,526		44,310
Cerus Corp.* (a)		14,245		47,293
Conceptus, Inc.* (a)		8,317		164,843
CONMED Corp.		7,605		210,430
CryoLife, Inc.*		7,011		36,668
Cyberonics, Inc.*		7,332		329,500
Cynosure, Inc. "A"*		2,700		57,105
Derma Sciences, Inc.* (a)		2,505		23,848
Dexcom, Inc.*		18,388		238,308
Endologix, Inc.* (a)		14,839		229,114
EnteroMedics, Inc.* (a)		6,833		23,574
Exactech, Inc.*		2,330		39,074
Greatbatch, Inc.*		6,359		144,413
Haemonetics Corp.*		6,783		502,688
Hansen Medical, Inc.* (a)		14,467		32,840
HeartWare International, Inc.* (a)		3,791		336,641
ICU Medical, Inc.* (a)		3,359		179,303
Insulet Corp.* (a)		12,825		274,070
Integra LifeSciences Holdings*		5,231		194,489
Invacare Corp.		8,566		132,173
IRIS International, Inc.*		4,126		46,624
MAKO Surgical Corp.* (a)		9,688		248,110
Masimo Corp.* (a)		13,395		299,780
Meridian Bioscience, Inc. (a)		11,170		228,538
Merit Medical Systems, Inc.*		11,180		154,396
Natus Medical, Inc.*		7,709		89,579
Navidea Biopharmaceuticals, Inc.* (a)		25,307		94,142
Neogen Corp.*		6,320		291,984
	Shares		Value ($)

NuVasive, Inc.* (a)		11,575		293,542
NxStage Medical, Inc.* (a)		13,203		221,282
OraSure Technologies, Inc.*		12,938		145,423
Orthofix International NV* (a)		5,026		207,323
Palomar Medical Technologies, Inc.* (a)		5,096		43,316
PhotoMedex, Inc.* (a)		3,516		42,719
Quidel Corp.* (a)		7,476		117,224
Rochester Medical Corp.*		2,849		30,655
Rockwell Medical Technologies, Inc.* (a)		5,612		52,248
RTI Biologics, Inc.*		14,435		54,276
Solta Medical, Inc.* (a)		16,467		48,248
Spectranetics Corp.*		9,388		107,211
STAAR Surgical Co.* (a)		9,836		76,426
STERIS Corp.		15,454		484,792
SurModics, Inc.* (a)		4,240		73,352
Symmetry Medical, Inc.*		9,633		82,651
Tornier NV* (a)		4,059		91,003
Unilife Corp.* (a)		19,901		67,265
Utah Medical Products, Inc.		881		29,540
Vascular Solutions, Inc.*		4,436		55,716
Volcano Corp.*		14,287		409,323
West Pharmaceutical Services, Inc.		9,083		458,601
Wright Medical Group, Inc.* (a)		10,637		227,100
Young Innovations, Inc.		1,416		48,838
Zeltiq Aesthetics, Inc.* (a)		4,544		25,446
				10,315,222
Health Care Providers & Services 2.8%
Acadia Healthcare Co., Inc.*		6,173		108,274
Accretive Health, Inc.* (a)		15,095		165,441
Air Methods Corp.*		3,436		337,587
Almost Family, Inc.* (a)		2,247		50,198
Amedisys, Inc.* (a)		8,256		102,787
AMN Healthcare Services, Inc.* (a)		10,673		63,291
AmSurg Corp.*		8,477		254,140
Assisted Living Concepts, Inc. "A" (a)		5,298		75,338
Bio-Reference Laboratories, Inc.* (a)		6,505		170,951
BioScrip, Inc.*		11,778		87,511
Capital Senior Living Corp.*		7,676		81,366
Centene Corp.*		13,789		415,876
Chemed Corp. (a)		5,142		310,783
Chindex International, Inc.* (a)		3,029		29,684
CorVel Corp.*		1,692		82,908
Cross Country Healthcare, Inc.*		6,856		29,961
Emeritus Corp.* (a)		8,331		140,211
ExamWorks Group, Inc.*		7,845		103,789
Five Star Quality Care, Inc.*		10,761		33,036
Gentiva Health Services, Inc.* (a)		8,193		56,778
Hanger, Inc.*		9,145		234,478
HEALTHSOUTH Corp.* (a)		25,628		596,107
Healthways, Inc.*		9,139		72,929
HMS Holdings Corp.*		23,034		767,263
IntegraMed America, Inc.*		2,343		32,451
IPC The Hospitalist Co.*		4,442		201,311
Kindred Healthcare, Inc.* (a)		14,062		138,229
Landauer, Inc.		2,510		143,898
LHC Group, Inc.*		4,193		71,113
Magellan Health Services, Inc.* (a)		7,316		331,634
Metropolitan Health Networks, Inc.*		11,883		113,720
MModal, Inc.* (a)		10,537		136,770
	Shares		Value ($)

Molina Healthcare, Inc.*		8,023		188,220
MWI Veterinary Supply, Inc.*		3,411		350,548
National Healthcare Corp. (a)		2,832		128,091
National Research Corp.		675		35,336
Owens & Minor, Inc. (a)		17,012		521,078
PDI, Inc.*		2,687		22,141
PharMerica Corp.*		7,673		83,789
Providence Service Corp.*		3,628		49,740
PSS World Medical, Inc.* (a)		13,449		282,295
Select Medical Holdings Corp.* (a)		9,375		94,781
Skilled Healthcare Group, Inc. "A"*		5,253		32,989
Sun Healthcare Group, Inc.*		6,638		55,560
Sunrise Senior Living, Inc.* (a)		15,357		111,953
Team Health Holdings, Inc.*		7,610		183,325
The Ensign Group, Inc.		4,664		131,851
Triple-S Management Corp. "B"*		5,310		97,067
U.S. Physical Therapy, Inc.		3,095		78,706
Universal American Corp.*		10,073		106,069
Vanguard Health Systems, Inc.* (a)		8,722		77,539
WellCare Health Plans, Inc.*		11,543		611,779
				8,782,670
Health Care Technology 0.7%
athenahealth, Inc.* (a)		9,606		760,507
Computer Programs & Systems, Inc.		2,965		169,657
ePocrates, Inc.*		5,010		40,180
Greenway Medical Technologies, Inc.* (a)		1,996		32,555
HealthStream, Inc.*		5,235		136,110
MedAssets, Inc.*		15,642		210,385
Medidata Solutions, Inc.*		5,954		194,517
Mediware Information Systems, Inc.*		963		14,060
Merge Healthcare, Inc.*		14,878		42,551
Omnicell, Inc.*		9,152		133,985
Quality Systems, Inc. (a)		10,600		291,606
Vocera Communications, Inc.*		1,805		48,356
				2,074,469
Life Sciences Tools & Services 0.4%
Affymetrix, Inc.* (a)		19,138		89,757
BG Medicine, Inc.* (a)		2,890		20,172
Cambrex Corp.*		8,068		75,920
eResearchTechnology, Inc.*		13,511		107,953
Fluidigm Corp.* (a)		5,494		82,630
Furiex Pharmaceuticals, Inc.*		1,972		41,313
Harvard Bioscience, Inc.*		7,264		27,385
Luminex Corp.* (a)		11,156		273,210
MEDTOX Scientific, Inc.*		2,012		54,244
Pacific Biosciences of California, Inc.* (a)		9,016		19,565
PAREXEL International Corp.* (a)		16,039		452,781
Sequenom, Inc.* (a)		30,531		123,956
				1,368,886
Pharmaceuticals 2.0%
Acura Pharmaceuticals, Inc.* (a)		3,929		12,337
Akorn, Inc.* (a)		15,229		240,161
Ampio Pharmaceuticals, Inc.* (a)		5,510		27,991
Auxilium Pharmaceuticals, Inc.*		12,966		348,656
AVANIR Pharmaceuticals, Inc. "A"* (a)		36,909		144,683
BioDelivery Sciences International, Inc.* (a)		5,688		25,482
BioSante Pharmaceuticals, Inc.*		1		3
	Shares		Value ($)

Cadence Pharmaceuticals, Inc.* (a)		16,172		57,734
Cempra, Inc.*		1,039		9,725
Corcept Therapeutics, Inc.* (a)		11,753		52,771
Cornerstone Therapeutics, Inc.* (a)		2,025		12,818
Cumberland Pharmaceuticals, Inc.*		3,189		20,601
DepoMed, Inc.*		14,977		85,219
Endocyte, Inc.* (a)		7,940		65,267
Hi-Tech Pharmacal Co., Inc.* (a)		2,901		93,993
Impax Laboratories, Inc.*		17,959		364,029
Jazz Pharmaceuticals PLC*		11,127		500,826
Lannett Co., Inc.* (a)		4,143		17,566
MAP Pharmaceuticals, Inc.* (a)		6,680		100,067
Medicines Co.*		14,766		338,732
Medicis Pharmaceutical Corp. "A"		15,388		525,500
Nektar Therapeutics* (a)		30,729		247,983
Obagi Medical Products, Inc.*		5,131		78,351
Omeros Corp.* (a)		6,018		60,180
Optimer Pharmaceuticals, Inc.* (a)		12,612		195,738
Pacira Pharmaceuticals, Inc.* (a)		4,955		79,478
Pain Therapeutics, Inc.* (a)		10,693		50,150
Par Pharmaceutical Companies, Inc.* (a)		9,844		355,762
Pernix Therapeutics Holdings, Inc.*		2,453		17,882
POZEN, Inc.* (a)		6,813		42,513
Questcor Pharmaceuticals, Inc.* (a)		14,405		766,922
Repros Therapeutics, Inc.* (a)		3,978		36,120
Sagent Pharmaceuticals, Inc.* (a)		2,521		45,580
Santarus, Inc.* (a)		14,942		105,939
Sucampo Pharmaceuticals, Inc. "A"* (a)		2,707		19,030
Supernus Pharmaceuticals, Inc.* (a)		980		9,173
Transcept Pharmaceuticals, Inc.* (a)		3,386		20,993
Ventrus Biosciences, Inc.*		3,350		14,305
ViroPharma, Inc.*		18,629		441,507
VIVUS, Inc.* (a)		26,717		762,503
XenoPort, Inc.* (a)		9,635		58,196
Zogenix, Inc.* (a)		9,783		24,262
				6,476,728
Industrials 14.8%
Aerospace & Defense 1.6%
AAR Corp. (a)		10,801		145,597
Aerovironment, Inc.*		4,657		122,526
American Science & Engineering, Inc.		2,419		136,553
API Technologies Corp.* (a)		8,697		32,005
Astronics Corp.*		2,764		78,055
Ceradyne, Inc.		6,504		166,828
CPI Aerostructures, Inc.*		1,506		16,566
Cubic Corp.		4,272		205,398
Curtiss-Wright Corp.		12,579		390,578
DigitalGlobe, Inc.*		9,696		146,991
Esterline Technologies Corp.*		8,214		512,143
GenCorp, Inc.* (a)		16,183		105,351
GeoEye, Inc.* (a)		4,054		62,756
HEICO Corp. (a)		14,117		557,904
Hexcel Corp.* (a)		26,686		688,232
Kratos Defense & Security Solutions, Inc.* (a)		10,775		62,926
LMI Aerospace, Inc.* (a)		2,340		40,669
Moog, Inc. "A"*		12,139		501,948
National Presto Industries, Inc. (a)		1,279		89,236
Orbital Sciences Corp.* (a)		15,839		204,640
SIFCO Industries, Inc.		676		15,534
	Shares		Value ($)

Sypris Solutions, Inc.		2,843		19,816
Taser International, Inc.* (a)		14,791		77,505
Teledyne Technologies, Inc.*		9,851		607,314
The Keyw Holding Corp.* (a)		4,886		49,055
				5,036,126
Air Freight & Logistics 0.4%
Air Transport Services Group, Inc.*		14,420		74,984
Atlas Air Worldwide Holdings, Inc.* (a)		7,079		308,007
Forward Air Corp.		7,850		253,320
Hub Group, Inc. "A"*		9,920		359,104
Pacer International, Inc.*		9,352		50,688
Park-Ohio Holdings Corp.*		2,448		46,585
XPO Logistics, Inc.*		4,719		79,279
				1,171,967
Airlines 0.8%
Alaska Air Group, Inc.*		19,070		684,613
Allegiant Travel Co.* (a)		4,011		279,487
Hawaiian Holdings, Inc. "A"* (a)		13,574		88,367
JetBlue Airways Corp.* (a)		62,688		332,246
Republic Airways Holdings, Inc.*		12,879		71,478
SkyWest, Inc. (a)		13,385		87,404
Spirit Airlines, Inc.*		11,164		217,251
U.S. Airways Group, Inc.* (a)		43,508		579,962
				2,340,808
Building Products 0.8%
A.O. Smith Corp. (a)		10,459		511,340
AAON, Inc. (a)		5,014		94,514
Ameresco, Inc. "A"* (a)		5,435		64,840
American Woodmark Corp.* (a)		2,550		43,605
Apogee Enterprises, Inc.		7,527		120,959
Builders FirstSource, Inc.* (a)		11,657		55,254
Gibraltar Industries, Inc.*		8,113		84,213
Griffon Corp.		12,073		103,586
Insteel Industries, Inc.		4,711		52,528
NCI Building Systems, Inc.*		4,812		52,114
Nortek, Inc.* (a)		2,079		104,033
Patrick Industries, Inc.*		1,065		13,579
PGT, Inc.*		5,284		16,011
Quanex Building Products Corp.		9,805		175,313
Simpson Manufacturing Co., Inc.		10,722		316,406
Trex Co., Inc.* (a)		3,753		112,928
Universal Forest Products, Inc.		5,297		206,477
USG Corp.* (a)		19,876		378,638
				2,506,338
Commercial Services & Supplies 2.3%
A.T. Cross Co. "A"*		2,529		24,961
ABM Industries, Inc.		14,393		281,527
Acco Brands Corp.*		30,287		313,168
Acorn Energy, Inc. (a)		4,794		39,886
American Reprographics Co.*		9,656		48,570
Asset Acceptance Capital Corp.*		4,246		28,873
ASTA Funding, Inc.		2,965		27,782
Casella Waste Systems, Inc. "A"* (a)		7,219		42,231
CECO Environmental Corp.		1,926		15,215
Cenveo, Inc.* (a)		15,166		29,270
CompX International, Inc.		452		5,695
Consolidated Graphics, Inc.*		2,075		60,279
Courier Corp.		2,933		38,862
Deluxe Corp. (a)		13,721		342,202
Encore Capital Group, Inc.*		5,871		173,899
EnergySolutions, Inc.*		21,222		35,865
	Shares		Value ($)

EnerNOC, Inc.* (a)		6,765		48,979
Ennis, Inc.		6,979		107,337
G & K Services, Inc. "A"		5,103		159,163
Gerber Scientific, Inc.		6,939		0
Healthcare Services Group, Inc. (a)		17,990		348,646
Heritage-Crystal Clean, Inc.* (a)		2,060		33,681
Herman Miller, Inc.		15,625		289,375
HNI Corp. (a)		12,209		314,382
Innerworkings, Inc.* (a)		8,506		115,086
Interface, Inc. (a)		15,700		213,991
Intersections, Inc.		2,357		37,359
Kimball International, Inc. "B"		8,430		64,911
Knoll, Inc.		12,900		173,118
McGrath RentCorp.		6,638		175,907
Metalico, Inc.* (a)		10,662		23,456
Mine Safety Appliances Co. (a)		7,393		297,494
Mobile Mini, Inc.*		10,251		147,614
Multi-Color Corp.		3,623		80,576
NL Industries, Inc. (a)		1,832		22,845
Portfolio Recovery Associates, Inc.* (a)		4,584		418,336
Quad Graphics, Inc. (a)		6,909		99,352
Schawk, Inc.		2,999		38,087
Standard Parking Corp.* (a)		4,211		90,621
Steelcase, Inc. "A"		20,129		181,765
Swisher Hygiene, Inc.* (a)		30,213		76,439
Sykes Enterprises, Inc.*		10,575		168,777
Team, Inc.*		5,340		166,501
Tetra Tech, Inc.* (a)		16,992		443,151
The Brink's Co. (a)		12,665		293,575
The Geo Group, Inc.*		16,455		373,858
TMS International Corp. "A"* (a)		3,322		33,120
TRC Companies, Inc.*		3,842		23,359
U.S. Ecology, Inc.		5,010		88,877
UniFirst Corp.		3,876		247,095
United Stationers, Inc. (a)		10,901		293,782
Viad Corp.		5,482		109,640
				7,308,540
Construction & Engineering 0.7%
Aegion Corp.*		10,453		187,004
Argan, Inc. (a)		2,655		37,117
Comfort Systems U.S.A., Inc.		10,105		101,252
Dycom Industries, Inc.*		8,984		167,192
EMCOR Group, Inc.		17,915		498,395
Furmanite Corp.* (a)		9,652		46,909
Granite Construction, Inc. (a)		10,388		271,231
Great Lakes Dredge & Dock Co.		15,595		111,036
Layne Christensen Co.*		5,247		108,561
MasTec, Inc.*		15,628		235,045
Michael Baker Corp.* (a)		2,280		59,485
MYR Group, Inc.*		5,612		95,741
Northwest Pipe Co.*		2,425		58,831
Orion Marine Group, Inc.*		7,515		52,304
Pike Electric Corp.*		4,276		33,011
Primoris Services Corp. (a)		8,043		96,516
Sterling Construction Co., Inc.*		4,300		43,946
Tutor Perini Corp.*		9,605		121,695
				2,325,271
Electrical Equipment 1.1%
A123 Systems, Inc.* (a)		28,702		36,164
Acuity Brands, Inc. (a)		11,308		575,690
American Superconductor Corp.* (a)		10,494		49,322
	Shares		Value ($)

AZZ, Inc. (a)		3,350		205,221
Belden, Inc.		12,194		406,670
Brady Corp. "A" (a)		13,143		361,564
Capstone Turbine Corp.* (a)		80,089		80,890
Coleman Cable, Inc.		2,288		19,883
Encore Wire Corp. (a)		5,099		136,551
EnerSys*		12,848		450,579
Enphase Energy, Inc.* (a)		2,125		13,217
Franklin Electric Co., Inc. (a)		6,281		321,147
FuelCell Energy, Inc.* (a)		42,275		42,698
Generac Holdings, Inc.*		6,667		160,408
Global Power Equipment Group, Inc. (a)		4,607		100,617
II-VI, Inc.*		14,089		234,864
LSI Industries, Inc.		4,939		35,166
Powell Industries, Inc.* (a)		2,345		87,609
Preformed Line Products Co. (a)		662		38,336
Thermon Group Holdings, Inc.* (a)		3,936		81,515
Vicor Corp.		5,406		37,518
				3,475,629
Industrial Conglomerates 0.2%
Raven Industries, Inc.		4,858		338,068
Seaboard Corp.*		83		177,038
Standex International Corp.		3,386		144,142
				659,248
Machinery 3.1%
Accuride Corp.* (a)		12,736		76,416
Actuant Corp. "A"		18,303		497,109
Alamo Group, Inc.		1,777		55,744
Albany International Corp. "A" (a)		7,354		137,593
Altra Holdings, Inc. (a)		7,106		112,133
American Railcar Industries, Inc.* (a)		2,611		70,758
Ampco-Pittsburgh Corp.		2,295		42,067
Astec Industries, Inc.*		5,384		165,181
Barnes Group, Inc. (a)		14,539		353,152
Blount International, Inc.* (a)		13,269		194,391
Briggs & Stratton Corp. (a)		13,155		230,081
Cascade Corp.		2,486		116,966
Chart Industries, Inc.*		8,014		551,043
CIRCOR International, Inc.		4,719		160,871
CLARCOR, Inc. (a)		13,454		647,945
Columbus McKinnon Corp.*		5,333		80,475
Commercial Vehicle Group, Inc.*		6,545		56,418
Douglas Dynamics, Inc. (a)		5,933		84,545
Dynamic Materials Corp. (a)		3,487		60,430
Energy Recovery, Inc.* (a)		10,991		26,378
EnPro Industries, Inc.*		5,490		205,161
ESCO Technologies, Inc. (a)		7,163		261,020
Federal Signal Corp.* (a)		16,764		97,902
Flow International Corp.*		12,996		40,937
FreightCar America, Inc.		3,136		72,034
Gorman-Rupp Co.		4,087		121,793
Graham Corp.		2,692		50,125
Greenbrier Companies, Inc.*		6,130		107,765
Hardinge, Inc.		3,137		28,547
Hurco Companies, Inc.*		1,628		33,358
John Bean Technologies Corp.		7,895		107,135
Kadant, Inc.*		3,049		71,499
Kaydon Corp. (a)		8,664		185,323
L.B. Foster Co. "A"		2,497		71,439
Lindsay Corp. (a)		3,411		221,374
Lydall, Inc.*		4,733		63,990
	Shares		Value ($)

Meritor, Inc.*		25,871		135,047
Met-Pro Corp.		4,051		37,310
Middleby Corp.* (a)		5,017		499,743
Miller Industries, Inc.		2,809		44,747
Mueller Industries, Inc. (a)		7,267		309,502
Mueller Water Products, Inc. "A"		41,488		143,548
NACCO Industries, Inc. "A"		1,478		171,818
NN, Inc.*		4,544		46,394
Omega Flex, Inc.* (a)		800		9,528
PMFG, Inc.* (a)		5,418		42,315
Proto Labs, Inc.* (a)		1,291		37,129
RBC Bearings, Inc.* (a)		5,943		281,104
Rexnord Corp.* (a)		7,726		154,829
Robbins & Myers, Inc.		10,369		433,632
Sauer-Danfoss, Inc.		3,079		107,549
Sun Hydraulics Corp.		5,558		135,004
Tennant Co.		5,014		200,309
The Eastern Co. (a)		1,668		26,938
Titan International, Inc. (a)		11,325		277,802
TriMas Corp.*		8,629		173,443
Twin Disc, Inc. (a)		2,230		41,233
Wabash National Corp.* (a)		18,266		120,921
Watts Water Technologies, Inc. "A" (a)		7,905		263,553
Woodward, Inc.		18,531		730,863
				9,883,359
Marine 0.0%
Genco Shipping & Trading Ltd.* (a)		7,928		24,180
International Shipholding Corp. (a)		1,425		26,876
Rand Logistics, Inc.*		4,745		40,332
				91,388
Professional Services 1.5%
Acacia Research Corp.*		13,321		496,074
Barrett Business Services, Inc.		1,760		37,206
CBIZ, Inc.*		10,384		61,681
CDI Corp. (a)		3,675		60,270
Corporate Executive Board Co.		8,955		366,080
CoStar Group, Inc.* (a)		7,124		578,469
CRA International, Inc.*		2,764		40,603
Dolan Co.*		8,156		54,890
Exponent, Inc.*		3,616		191,033
Franklin Covey Co.*		3,515		35,994
FTI Consulting, Inc.* (a)		11,241		323,179
GP Strategies Corp.*		3,969		73,307
Heidrick & Struggles International, Inc. (a)		4,885		85,488
Hill International, Inc.*		6,325		20,240
Hudson Global, Inc.*		8,974		37,422
Huron Consulting Group, Inc.*		6,141		194,363
ICF International, Inc.*		5,266		125,541
Insperity, Inc. (a)		6,069		164,166
Kelly Services, Inc. "A"		7,368		95,121
Kforce, Inc.*		7,534		101,408
Korn/Ferry International*		12,887		184,929
Mistras Group, Inc.*		4,184		109,956
Navigant Consulting, Inc.*		13,923		175,987
Odyssey Marine Exploration, Inc.* (a)		19,399		72,552
On Assignment, Inc.*		11,509		183,684
Pendrell Corp.* (a)		40,128		44,943
Resources Connection, Inc.		11,311		139,125
RPX Corp.*		5,668		81,336
The Advisory Board Co.*		9,187		455,583
	Shares		Value ($)

TrueBlue, Inc.*		10,659		165,001
VSE Corp. (a)		1,195		28,429
WageWorks, Inc.*		1,753		26,400
				4,810,460
Road & Rail 1.3%
AMERCO (a)		2,324		209,090
Arkansas Best Corp. (a)		6,792		85,579
Avis Budget Group, Inc.* (a)		28,448		432,410
Celadon Group, Inc. (a)		5,515		90,336
Dollar Thrifty Automotive Group, Inc.* (a)		7,508		607,848
Genesee & Wyoming, Inc. "A"* (a)		10,863		574,001
Heartland Express, Inc. (a)		12,755		182,524
Knight Transportation, Inc.		15,507		247,957
Marten Transport Ltd. (a)		4,139		87,995
Old Dominion Freight Line, Inc.*		12,730		551,082
Patriot Transportation Holding, Inc.* (a)		1,628		38,307
Quality Distribution, Inc.*		5,736		63,612
RailAmerica, Inc.*		5,071		122,718
Roadrunner Transportation Systems, Inc.*		3,441		58,118
Saia, Inc.*		4,246		92,945
Swift Transportation Co.* (a)		21,182		200,170
Universal Truckload Services, Inc.		1,496		22,627
Werner Enterprises, Inc. (a)		11,861		283,359
Zipcar, Inc.* (a)		7,207		84,538
				4,035,216
Trading Companies & Distributors 1.0%
Aceto Corp.		7,182		64,854
Aircastle Ltd.		15,714		189,354
Applied Industrial Technologies, Inc. (a)		11,293		416,147
Beacon Roofing Supply, Inc.* (a)		12,551		316,536
BlueLinx Holdings, Inc.*		6,467		15,197
CAI International, Inc.* (a)		3,454		68,666
DXP Enterprises, Inc.*		2,390		99,161
Edgen Group, Inc.*		4,012		30,170
H&E Equipment Services, Inc.* (a)		7,733		116,227
Houston Wire & Cable Co. (a)		4,946		54,060
Interline Brands, Inc.*		8,531		213,872
Kaman Corp.		7,147		221,128
Rush Enterprises, Inc. "A"*		8,900		145,515
SeaCube Container Leasing Ltd. (a)		2,950		50,357
TAL International Group, Inc. (a)		7,818		261,825
Textainer Group Holdings Ltd. (a)		3,284		121,180
Titan Machinery, Inc.* (a)		4,528		137,515
Watsco, Inc. (a)		7,869		580,732
Willis Lease Finance Corp.*		1,420		17,494
				3,119,990
Transportation Infrastructure 0.0%
Wesco Aircraft Holdings, Inc.* (a)		4,725		60,149
Information Technology 16.9%
Communications Equipment 2.2%
ADTRAN, Inc. (a)		17,017		513,743
Ambient Corp.* (a)		726		3,971
Anaren, Inc.*		4,066		79,694
Arris Group, Inc.*		30,280		421,195
Aruba Networks, Inc.* (a)		29,968		451,018
Aviat Networks, Inc.*		15,896		44,509
Aware, Inc.		3,075		19,834
Bel Fuse, Inc. "B"		2,887		50,840
	Shares		Value ($)

Black Box Corp.		4,636		133,053
CalAmp Corp.*		7,690		56,368
Calix, Inc.* (a)		10,651		87,551
Ciena Corp.*		26,577		435,066
Comtech Telecommunications Corp. (a)		5,011		143,214
Comverse Technology, Inc.*		58,684		341,541
Digi International, Inc.*		6,804		69,673
Emulex Corp.*		23,081		166,183
Extreme Networks, Inc.* (a)		24,634		84,741
Finisar Corp.* (a)		24,468		366,041
Globecomm Systems, Inc.*		6,407		64,967
Harmonic, Inc.*		31,591		134,578
Infinera Corp.*		29,425		201,267
InterDigital, Inc. (a)		11,937		352,261
Ixia* (a)		11,313		135,982
KVH Industries, Inc.* (a)		3,942		49,275
Loral Space & Communications, Inc. (a)		2,947		198,481
NETGEAR, Inc.*		10,179		351,277
NumereX Corp. "A"* (a)		2,509		23,334
Oclaro, Inc.* (a)		13,220		40,189
Oplink Communications, Inc.*		5,046		68,272
ParkerVision, Inc.* (a)		20,348		48,428
PC-Tel, Inc.		4,967		32,137
Plantronics, Inc.		11,307		377,654
Procera Networks, Inc.*		5,268		128,065
ShoreTel, Inc.* (a)		12,511		54,798
Sonus Networks, Inc.* (a)		55,953		120,299
Sycamore Networks, Inc.*		5,663		82,227
Symmetricom, Inc.*		11,136		66,705
Tellabs, Inc.		98,146		326,826
Telular Corp.		4,453		41,146
TESSCO Technologies, Inc.		1,444		31,840
Ubiquiti Networks, Inc.* (a)		2,809		40,028
ViaSat, Inc.* (a)		10,052		379,664
Westell Technologies, Inc. "A"*		13,638		32,458
				6,850,393
Computers & Peripherals 0.8%
3D Systems Corp.* (a)		11,572		395,068
Avid Technology, Inc.* (a)		8,000		59,440
Cray, Inc.*		10,093		121,924
Datalink Corp.*		4,072		38,888
Electronics for Imaging, Inc.*		12,481		202,816
Imation Corp.*		7,894		46,654
Immersion Corp.*		7,833		44,100
Intermec, Inc.*		15,837		98,189
Intevac, Inc.*		6,166		46,368
OCZ Technology Group, Inc.* (a)		18,409		97,568
QLogic Corp.*		26,080		357,035
Quantum Corp.* (a)		62,774		127,431
Silicon Graphics International Corp.* (a)		8,188		52,567
STEC, Inc.*		9,820		76,596
Stratasys, Inc.* (a)		5,704		282,633
Super Micro Computer, Inc.*		7,892		125,167
Synaptics, Inc.* (a)		9,017		258,157
				2,430,601
Electronic Equipment, Instruments & Components 2.3%
Aeroflex Holding Corp.* (a)		5,160		31,218
Agilysys, Inc.* (a)		3,918		33,969
Anixter International, Inc. (a)		7,541		400,050
Audience, Inc.*		1,623		31,291
	Shares		Value ($)

Badger Meter, Inc. (a)		3,909		146,783
Benchmark Electronics, Inc.*		15,450		215,527
Brightpoint, Inc.*		18,802		101,719
Checkpoint Systems, Inc.*		10,971		95,557
Cognex Corp. (a)		11,466		362,899
Coherent, Inc.*		6,339		274,479
CTS Corp.		9,191		86,579
Daktronics, Inc.		9,902		68,423
DTS, Inc.*		4,411		115,039
Echelon Corp.* (a)		10,727		37,330
Electro Rent Corp.		4,920		79,852
Electro Scientific Industries, Inc.		6,285		74,289
Fabrinet* (a)		5,922		74,321
FARO Technologies, Inc.*		4,530		190,622
FEI Co.* (a)		10,189		487,442
GSI Group, Inc.*		7,798		89,365
Insight Enterprises, Inc.*		11,897		200,227
InvenSense, Inc.* (a)		9,752		110,198
KEMET Corp.*		11,817		71,020
Key Tronic Corp.*		2,803		23,097
LeCroy Corp.*		4,586		65,396
Littelfuse, Inc. (a)		5,801		330,019
Maxwell Technologies, Inc.* (a)		8,041		52,749
Measurement Specialties, Inc.*		4,043		131,438
Mercury Computer Systems, Inc.*		8,464		109,440
Mesa Laboratories, Inc.		688		31,985
Methode Electronics, Inc.		10,097		85,925
MTS Systems Corp.		4,299		165,726
Multi-Fineline Electronix, Inc.*		2,319		57,140
Neonode, Inc.*		6,018		37,011
NeoPhotonics Corp.* (a)		5,249		25,930
Newport Corp.*		10,369		124,635
OSI Systems, Inc.*		5,314		336,589
Park Electrochemical Corp.		5,527		143,039
PC Connection, Inc.		2,400		25,488
Plexus Corp.* (a)		9,346		263,557
Power-One, Inc.* (a)		17,744		80,203
RadiSys Corp.*		6,137		38,540
RealD, Inc.* (a)		11,779		176,214
Richardson Electronics Ltd. (a)		3,583		44,178
Rofin-Sinar Technologies, Inc.*		7,763		146,954
Rogers Corp.* (a)		4,355		172,502
Sanmina-SCI Corp.*		21,832		178,804
ScanSource, Inc.*		7,375		225,970
SYNNEX Corp.* (a)		7,036		242,672
TTM Technologies, Inc.* (a)		14,423		135,720
Universal Display Corp.* (a)		10,644		382,545
Viasystems Group, Inc.* (a)		1,161		19,737
Vishay Precision Group, Inc.* (a)		3,234		45,114
Zygo Corp.*		4,438		79,263
				7,355,779
Internet Software & Services 2.3%
Ancestry.com, Inc.* (a)		7,757		213,550
Angie's List, Inc.* (a)		9,537		151,066
Bankrate, Inc.* (a)		12,379		227,650
Bazaarvoice, Inc.* (a)		2,547		46,355
Blucora, Inc.* (a)		10,846		133,623
Brightcove, Inc.* (a)		1,519		23,165
Carbonite, Inc.* (a)		3,027		27,061
comScore, Inc.*		9,472		155,909
Constant Contact, Inc.* (a)		8,148		145,686
Cornerstone OnDemand, Inc.* (a)		9,023		214,838
DealerTrack Holdings, Inc.* (a)		11,375		342,501
	Shares		Value ($)

Demand Media, Inc.* (a)		8,031		89,947
Demandware, Inc.* (a)		1,752		41,505
Dice Holdings, Inc.*		12,492		117,300
Digital River, Inc.*		10,050		167,031
EarthLink, Inc.		28,195		209,771
Easylink Services International Corp. "A"* (a)		8,473		61,345
Envestnet, Inc.*		5,632		67,584
ExactTarget, Inc.* (a)		2,617		57,208
Internap Network Services Corp.*		14,225		92,605
Intralinks Holdings, Inc.*		9,799		42,920
iPass, Inc.*		13,961		33,227
j2 Global, Inc. (a)		12,394		327,450
Keynote Systems, Inc. (a)		4,304		63,914
KIT Digital, Inc.* (a)		12,868		55,204
Limelight Networks, Inc.* (a)		16,309		47,785
Liquidity Services, Inc.*		6,312		323,111
LivePerson, Inc.* (a)		14,747		281,078
LogMeIn, Inc.* (a)		5,914		180,495
Marchex, Inc. "B" (a)		5,551		20,039
Market Leader, Inc.*		5,904		29,992
MeetMe, Inc.* (a)		4,972		11,684
Millennial Media, Inc.*		3,060		40,361
Monster Worldwide, Inc.*		32,497		276,225
Move, Inc.*		10,390		94,653
NIC, Inc. (a)		17,275		219,393
OpenTable, Inc.* (a)		6,047		272,175
Perficient, Inc.* (a)		8,565		96,185
QuinStreet, Inc.* (a)		8,765		81,164
RealNetworks, Inc.		6,119		52,868
Responsys, Inc.* (a)		9,593		116,267
Saba Software, Inc.*		7,972		73,980
SciQuest, Inc.*		4,790		86,028
Spark Networks, Inc.* (a)		3,089		15,939
SPS Commerce, Inc.* (a)		2,837		86,188
Stamps.com, Inc.* (a)		3,794		93,598
Support.com, Inc.*		12,427		39,642
Synacor, Inc.*		1,810		24,797
TechTarget, Inc.* (a)		3,701		18,653
The Active Network, Inc.*		10,418		160,333
Travelzoo, Inc.* (a)		1,909		43,373
United Online, Inc. (a)		24,539		103,555
Unwired Planet, Inc.*		22,941		52,764
ValueClick, Inc.* (a)		21,603		354,073
VistaPrint NV* (a)		9,914		320,222
Vocus, Inc.*		5,528		102,821
Web.com Group, Inc.* (a)		9,397		172,153
WebMD Health Corp.* (a)		13,572		278,362
XO Group, Inc.*		7,115		63,110
Yelp, Inc.*		2,261		51,393
Zillow, Inc.* (a)		826		31,908
Zix Corp.* (a)		15,785		41,041
				7,465,823
IT Services 1.9%
Acxiom Corp.*		20,566		310,752
CACI International, Inc. "A"* (a)		7,136		392,623
Cardtronics, Inc.*		11,811		356,810
Cass Information Systems, Inc. (a)		2,535		102,034
CIBER, Inc.*		19,541		84,222
Computer Task Group, Inc.*		4,145		62,134
Convergys Corp.		31,244		461,474
CSG Systems International, Inc.*		9,068		156,695
Echo Global Logistics, Inc.* (a)		3,941		75,115
	Shares		Value ($)

EPAM Systems, Inc.*		1,302		22,121
Euronet Worldwide, Inc.*		13,724		234,955
Exlservice Holdings, Inc.*		6,244		153,852
Forrester Research, Inc. (a)		3,732		126,365
Global Cash Access Holdings, Inc.*		17,620		127,040
Heartland Payment Systems, Inc.		10,376		312,110
Higher One Holdings Inc.* (a)		8,606		105,165
iGATE Corp.* (a)		8,605		146,457
Innodata, Inc.*		5,942		40,643
Lionbridge Technologies, Inc.*		15,386		48,466
ManTech International Corp. "A" (a)		6,297		147,791
Mattersight Corp.* (a)		2,722		21,722
MAXIMUS, Inc. (a)		9,132		472,581
ModusLink Global Solutions, Inc.*		10,185		30,453
MoneyGram International, Inc.*		5,760		84,096
PRGX Global, Inc.*		5,625		44,719
Sapient Corp.		33,007		332,380
ServiceSource International, Inc.* (a)		13,302		184,233
Syntel, Inc.		4,135		250,994
TeleTech Holdings, Inc.* (a)		6,151		98,416
The Hackett Group, Inc.* (a)		6,586		36,684
TNS, Inc.*		6,680		119,839
Unisys Corp.* (a)		11,741		229,537
Virtusa Corp.*		4,992		66,643
Wright Express Corp.* (a)		10,412		642,629
				6,081,750
Semiconductors & Semiconductor Equipment 3.5%
Advanced Energy Industries, Inc.*		10,564		141,769
Alpha & Omega Semiconductor Ltd.* (a)		4,621		42,282
Amkor Technology, Inc.* (a)		21,376		104,315
ANADIGICS, Inc.* (a)		19,652		35,570
Applied Micro Circuits Corp.*		16,623		95,084
ATMI, Inc.*		8,555		175,976
AuthenTec, Inc.*		11,935		51,679
Axcelis Technologies, Inc.*		28,848		34,618
AXT, Inc.* (a)		8,503		33,587
Brooks Automation, Inc.		17,799		168,023
Cabot Microelectronics Corp.		6,310		184,315
Cavium, Inc.* (a)		13,326		373,128
CEVA, Inc.*		6,274		110,485
Cirrus Logic, Inc.* (a)		17,272		516,087
Cohu, Inc.		6,641		67,473
Cymer, Inc.* (a)		8,287		488,519
Diodes, Inc.* (a)		9,521		178,709
DSP Group, Inc.*		6,073		38,503
Entegris, Inc.*		36,791		314,195
Entropic Communications, Inc.* (a)		24,111		135,986
Exar Corp.*		9,974		81,388
First Solar, Inc.* (a)		16,141		243,083
FormFactor, Inc.* (a)		13,234		85,624
FSI International, Inc.* (a)		10,049		36,076
GSI Technology, Inc.* (a)		5,571		26,407
GT Advanced Technologies, Inc.* (a)		32,147		169,736
Hittite Microwave Corp.* (a)		8,441		431,504
Inphi Corp.* (a)		6,321		59,923
Integrated Device Technology, Inc.*		37,977		213,431
Integrated Silicon Solution, Inc.* (a)		7,155		72,194
Intermolecular, Inc.* (a)		3,716		28,799
International Rectifier Corp.* (a)		18,553		370,874
	Shares		Value ($)

Intersil Corp. "A"		34,129		363,474
IXYS Corp.* (a)		6,745		75,342
Kopin Corp.*		18,334		63,069
Lattice Semiconductor Corp.*		31,184		117,564
LTX-Credence Corp.*		13,004		87,127
MA-COM Technology Solutions Holdings, Inc.*		1,630		30,155
Mattson Technology, Inc.* (a)		15,699		27,473
MaxLinear, Inc. "A"* (a)		5,951		29,517
MEMC Electronic Materials, Inc.*		61,886		134,293
Micrel, Inc. (a)		12,981		123,709
Microsemi Corp.*		23,817		440,376
Mindspeed Technologies, Inc.* (a)		8,832		21,727
MIPS Technologies, Inc.* (a)		12,820		85,509
MKS Instruments, Inc.		14,078		407,277
Monolithic Power Systems, Inc.*		8,190		162,735
MoSys, Inc.* (a)		8,668		28,084
Nanometrics, Inc.*		6,293		96,660
NVE Corp.* (a)		1,302		69,982
OmniVision Technologies, Inc.*		14,114		188,563
PDF Solutions, Inc.* (a)		6,254		61,727
Pericom Semiconductor Corp.*		6,165		55,485
Photronics, Inc.* (a)		16,513		100,729
PLX Technology, Inc.* (a)		11,988		76,124
Power Integrations, Inc.		7,562		282,063
QuickLogic Corp.*		10,392		26,084
Rambus, Inc.* (a)		29,606		169,938
RF Micro Devices, Inc.*		74,555		316,859
Rubicon Technology, Inc.* (a)		4,744		48,389
Rudolph Technologies, Inc.*		8,474		73,893
Semtech Corp.* (a)		17,544		426,670
Sigma Designs, Inc.*		8,869		56,584
Silicon Image, Inc.*		22,318		92,397
Spansion, Inc. "A"*		12,933		142,004
Standard Microsystems Corp.* (a)		6,138		226,431
STR Holdings, Inc.* (a)		8,021		36,576
SunPower Corp.* (a)		10,672		51,332
Supertex, Inc.* (a)		2,837		53,477
Tessera Technologies, Inc.		13,906		213,735
TriQuint Semiconductor, Inc.* (a)		45,175		248,462
Ultra Clean Holdings*		5,955		38,291
Ultratech, Inc.*		7,024		221,256
Veeco Instruments, Inc.* (a)		10,412		357,756
Volterra Semiconductor Corp.*		6,794		159,319
				11,197,559
Software 3.9%
Accelrys, Inc.*		14,894		120,492
ACI Worldwide, Inc.* (a)		10,649		470,792
Actuate Corp.*		13,175		91,303
Advent Software, Inc.*		8,376		227,073
American Software, Inc. "A"		6,469		51,429
Aspen Technology, Inc.*		25,070		580,370
AVG Technologies NV* (a)		2,103		27,360
Blackbaud, Inc. (a)		12,089		310,325
Bottomline Technologies, Inc.*		9,265		167,233
BroadSoft, Inc.* (a)		7,363		213,232
Callidus Software* (a)		9,296		46,294
CommVault Systems, Inc.*		11,964		593,055
Deltek, Inc.* (a)		5,928		68,706
Digimarc Corp. (a)		1,901		48,780
Ebix, Inc. (a)		7,585		151,321
Ellie Mae, Inc.* (a)		5,788		104,184
Envivio, Inc.*		2,079		13,326
	Shares		Value ($)

EPIQ Systems, Inc. (a)		8,592		105,252
ePlus, Inc.*		1,066		34,485
Fair Isaac Corp.		9,178		388,046
FalconStor Software, Inc.* (a)		8,242		21,512
Glu Mobile, Inc.* (a)		14,500		80,475
Guidance Software, Inc.*		3,841		36,528
Guidewire Software, Inc.* (a)		5,192		145,999
Imperva, Inc.* (a)		2,607		75,134
Infoblox, Inc.*		2,082		47,740
Interactive Intelligence Group* (a)		3,999		112,812
JDA Software Group, Inc.*		11,398		338,407
Jive Software, Inc.* (a)		4,337		91,034
Kenexa Corp.*		7,328		212,732
Manhattan Associates, Inc.*		5,463		249,714
Mentor Graphics Corp.*		24,945		374,175
MicroStrategy, Inc. "A"*		2,282		296,340
Monotype Imaging Holdings, Inc.* (a)		9,797		164,296
Netscout Systems, Inc.*		9,859		212,856
OPNET Technologies, Inc.		4,009		106,599
Parametric Technology Corp.* (a)		32,042		671,600
Pegasystems, Inc. (a)		4,607		151,939
Pervasive Software, Inc.*		3,542		26,530
Progress Software Corp.* (a)		16,845		351,555
Proofpoint, Inc.*		1,698		28,781
PROS Holdings, Inc.* (a)		5,988		100,718
QAD, Inc. "A"*		1,775		25,240
QLIK Technologies, Inc.* (a)		22,874		505,973
Quest Software, Inc.*		14,941		416,107
RealPage, Inc.* (a)		9,600		222,336
Rosetta Stone, Inc.* (a)		2,899		40,122
Sapiens International Corp.*		3,661		13,180
SeaChange International, Inc.*		7,652		62,976
Sourcefire, Inc.* (a)		7,918		406,985
SRS Labs, Inc.*		2,838		25,542
SS&C Technologies Holdings, Inc.*		9,063		226,575
Synchronoss Technologies, Inc.* (a)		7,407		136,807
Take-Two Interactive Software, Inc.* (a)		20,940		198,092
Tangoe, Inc.* (a)		7,992		170,310
TeleNav, Inc.*		4,248		26,040
TiVo, Inc.*		33,403		276,243
Tyler Technologies, Inc.* (a)		8,053		324,939
Ultimate Software Group, Inc.*		7,134		635,782
VASCO Data Security International, Inc.* (a)		7,836		64,098
Verint Systems, Inc.*		5,830		172,043
Virnetx Holding Corp.* (a)		11,244		396,351
Websense, Inc.*		9,942		186,214
				12,242,489
Materials 4.5%
Chemicals 1.9%
A. Schulman, Inc. (a)		7,797		154,770
ADA-ES, Inc.*		2,414		61,243
American Vanguard Corp. (a)		7,456		198,255
Arabian American Development Co.* (a)		5,349		51,832
Balchem Corp. (a)		7,840		255,662
Calgon Carbon Corp.*		15,258		216,969
Chase Corp. (a)		1,651		21,793
Chemtura Corp.*		26,445		383,453
Ferro Corp.*		23,011		110,453
Flotek Industries, Inc.*		13,086		122,223
	Shares		Value ($)

FutureFuel Corp. (a)		5,237		55,041
Georgia Gulf Corp.		9,174		235,497
GSE Holding, Inc.* (a)		2,103		22,229
H.B. Fuller Co. (a)		13,361		410,183
Hawkins, Inc. (a)		2,459		93,885
Innophos Holdings, Inc.		5,838		329,613
Innospec, Inc.*		6,145		181,953
KMG Chemicals, Inc. (a)		1,977		38,117
Koppers Holdings, Inc. (a)		5,626		191,284
Kraton Performance Polymers, Inc.*		8,648		189,478
Landec Corp.*		6,891		58,987
LSB Industries, Inc.*		5,030		155,477
Minerals Technologies, Inc.		4,795		305,825
Olin Corp.		21,458		448,258
OM Group, Inc.*		8,692		165,148
Omnova Solutions, Inc.* (a)		12,586		94,898
PolyOne Corp.		24,013		328,498
Quaker Chemical Corp.		3,428		158,408
Sensient Technologies Corp. (a)		13,369		491,043
Spartech Corp.*		8,472		43,800
Stepan Co. (a)		2,249		211,811
TPC Group, Inc.* (a)		3,400		125,630
Tredegar Corp. (a)		6,527		95,033
Zep, Inc.		6,118		84,000
Zoltek Companies, Inc.* (a)		7,464		67,400
				6,158,149
Construction Materials 0.3%
Eagle Materials, Inc.		12,125		452,747
Headwaters, Inc.* (a)		16,879		86,927
Texas Industries, Inc. (a)		6,086		237,415
United States Lime & Minerals, Inc.* (a)		464		21,655
				798,744
Containers & Packaging 0.2%
AEP Industries, Inc.*		1,125		48,994
Boise, Inc. (a)		26,932		177,213
Graphic Packaging Holding Co.*		44,850		246,675
Myers Industries, Inc.		8,970		153,925
UFP Technologies, Inc.*		1,471		24,860
				651,667
Metals & Mining 1.4%
A.M. Castle & Co.* (a)		4,420		46,940
AK Steel Holding Corp. (a)		29,636		173,963
AMCOL International Corp.		6,767		191,574
Century Aluminum Co.*		13,782		101,022
Coeur d'Alene Mines Corp.* (a)		24,095		423,108
General Moly, Inc.* (a)		18,078		56,765
Globe Specialty Metals, Inc.		16,496		221,541
Gold Reserve, Inc.* (a)		14,021		48,933
Gold Resource Corp. (a)		7,996		207,816
Golden Minerals Co.* (a)		7,446		33,582
Golden Star Resources Ltd.* (a)		69,293		80,380
Handy & Harman Ltd.*		1,316		17,740
Haynes International, Inc.		3,340		170,140
Hecla Mining Co. (a)		76,467		363,218
Horsehead Holding Corp.* (a)		11,645		115,984
Kaiser Aluminum Corp.		5,170		268,013
Materion Corp.		5,433		125,122
McEwen Mining, Inc.* (a)		52,872		159,145
Metals U.S.A. Holdings Corp.*		3,232		51,421
Midway Gold Corp.* (a)		30,687		42,655
Noranda Aluminum Holding Corp.		8,952		71,258
	Shares		Value ($)

Olympic Steel, Inc. (a)		2,416		39,671
Paramount Gold and Silver Corp.* (a)		35,029		84,070
Revett Minerals, Inc.*		6,194		20,378
RTI International Metals, Inc.* (a)		8,129		183,959
Schnitzer Steel Industries, Inc. "A"		6,768		189,639
Stillwater Mining Co.* (a)		31,049		265,159
SunCoke Energy, Inc.* (a)		18,839		275,991
U.S. Antimony Corp.* (a)		14,417		58,245
U.S. Silica Holdings, Inc.* (a)		3,097		34,872
Universal Stainless & Alloy Products, Inc.*		1,831		75,254
Vista Gold Corp.* (a)		15,599		45,393
Worthington Industries, Inc.		14,106		288,750
				4,531,701
Paper & Forest Products 0.7%
Buckeye Technologies, Inc.		10,473		298,376
Clearwater Paper Corp.*		6,271		213,966
Deltic Timber Corp. (a)		2,928		178,549
KapStone Paper & Packaging Corp.*		10,838		171,782
Louisiana-Pacific Corp.* (a)		36,869		401,135
Neenah Paper, Inc. (a)		4,158		110,977
P.H. Glatfelter Co. (a)		11,613		190,105
Resolute Forest Products* (a)		21,723		251,552
Schweitzer-Mauduit International, Inc. (a)		4,149		282,713
Wausau Paper Corp. (a)		11,857		115,369
				2,214,524
Telecommunication Services 0.8%
Diversified Telecommunication Services 0.7%
8x8, Inc.* (a)		18,938		79,540
AboveNet, Inc.* (a)		6,295		528,780
Atlantic Tele-Network, Inc.		2,377		80,176
Boingo Wireless, Inc.* (a)		4,230		49,153
Cbeyond, Inc.*		7,416		50,206
Cincinnati Bell, Inc.* (a)		52,280		194,482
Cogent Communications Group, Inc.*		12,550		241,588
Consolidated Communications Holdings, Inc. (a)		8,014		118,607
FairPoint Communications, Inc.* (a)		5,540		34,071
General Communication, Inc. "A"*		9,696		80,574
Hawaiian Telcom Holdco, Inc.* (a)		2,746		53,574
HickoryTech Corp. (a)		3,849		42,762
IDT Corp. "B" (a)		4,295		42,134
inContact, Inc.* (a)		8,674		43,457
Iridium Communications, Inc.* (a)		13,317		119,320
Lumos Networks Corp.		3,931		37,148
magicJack VocalTec Ltd.*		4,045		76,855
Neutral Tandem, Inc.*		7,530		99,245
Orbcomm, Inc.*		8,994		29,320
Premiere Global Services, Inc.* (a)		13,558		113,752
Primus Telecommunications Group, Inc.		3,262		50,789
SureWest Communications (a)		3,811		80,298
Towerstream Corp.* (a)		12,745		52,892
Vonage Holdings Corp.*		42,724		85,875
				2,384,598
Wireless Telecommunication Services 0.1%
Leap Wireless International, Inc.*		14,435		92,817
NTELOS Holdings Corp. (a)		3,931		74,099
Shenandoah Telecommunications Co. (a)		6,495		88,397
	Shares		Value ($)

U.S.A. Mobility, Inc. (a)		6,031		77,559
				332,872
Utilities 3.5%
Electric Utilities 1.5%
ALLETE, Inc.		10,239		427,990
Cleco Corp. (a)		16,319		682,624
El Paso Electric Co.		10,726		355,674
Empire District Electric Co. (a)		11,320		238,852
IDACORP, Inc.		13,438		565,471
MGE Energy, Inc. (a)		6,206		293,544
Otter Tail Corp.		9,719		222,274
PNM Resources, Inc.		21,336		416,905
Portland General Electric Co.		20,240		539,598
UIL Holdings Corp. (a)		13,565		486,441
Unitil Corp. (a)		3,612		95,718
UNS Energy Corp.		10,759		413,253
				4,738,344
Gas Utilities 1.0%
Chesapeake Utilities Corp.		2,603		113,803
Delta Natural Gas Co., Inc. (a)		1,824		39,636
New Jersey Resources Corp. (a)		11,126		485,205
Northwest Natural Gas Co. (a)		7,169		341,244
Piedmont Natural Gas Co., Inc. (a)		19,200		618,048
South Jersey Industries, Inc. (a)		8,139		414,845
Southwest Gas Corp.		12,333		538,335
The Laclede Group, Inc. (a)		6,012		239,338
WGL Holdings, Inc. (a)		13,790		548,153
				3,338,607
Independent Power Producers & Energy Traders 0.3%
American DG Energy, Inc.* (a)		6,574		14,923
Atlantic Power Corp.* (a)		30,553		391,384
Genie Energy Ltd. "B"		3,759		29,208
GenOn Energy, Inc.*		207,202		354,315
Ormat Technologies, Inc. (a)		4,667		99,827
				889,657
Multi-Utilities 0.4%
Avista Corp.		15,721		419,751
Black Hills Corp. (a)		11,813		380,024
CH Energy Group, Inc. (a)		3,994		262,366
NorthWestern Corp.		9,732		357,164
				1,419,305
Water Utilities 0.3%
American States Water Co. (a)		5,011		198,335
Artesian Resources Corp. "A" (a)		2,051		44,179
	Shares		Value ($)

Cadiz, Inc.* (a)		3,773		27,203
California Water Service Group (a)		11,292		208,563
Connecticut Water Service, Inc. (a)		2,343		67,900
Consolidated Water Co., Ltd. (a)		3,947		32,721
Middlesex Water Co.		4,173		79,287
SJW Corp. (a)		3,811		91,502
York Water Co. (a)		3,484		62,330
				812,020
Total Common Stocks (Cost $291,110,827)				308,076,703

Warrants 0.0%
Energy
Magnum Hunter Resources Corp., Expiration Date 10/14/2013* (Cost $0)		2,943		687

	Principal Amount ($)	Value ($)


Government & Agency Obligation 0.4%
U.S. Treasury Obligation
U.S. Treasury Bill, 0.135%**, 11/1/2012 (b) (Cost $1,334,089)	1,335,000	1,334,514

	Shares		Value ($)

Securities Lending Collateral 41.5%
Daily Assets Fund Institutional, 0.24% (c) (d) (Cost $131,491,656)		131,491,656		131,491,656

Cash Equivalents 2.2%
Central Cash Management Fund, 0.14% (c) (Cost $7,111,816)		7,111,816		7,111,816

	% of Net Assets			Value ($)

Total Investment Portfolio (Cost $431,048,388)+		141.2			448,015,376
Other Assets and Liabilities, Net (a)		(41.2	)		(130,778,346	)
Net Assets		100.0			317,237,030

* Non-income producing security.

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

+ The cost for federal income tax purposes was $435,083,639. At June 30, 2012, net unrealized appreciation for all securities based on tax cost was $12,931,737. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $62,487,270 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $49,555,533.

(a) All or a portion of these securities were on loan amounting to $131,652,654. In addition, included in other assets and liabilities, net are pending sales, amounting to $394,750, that are also on loan (see Notes to Financial Statements). The value of all securities loaned at June 30, 2012 amounted to $132,047,404, which is 41.6% of net assets.

(b) At June 30, 2012, 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 Fund is net of borrower rebates.

REIT: Real Estate Investment Trust

At June 30, 2012, open futures contracts purchased were as follows:

Futures

Currency

Expiration Date

Contracts

Notional Value ($)

Unrealized Appreciation ($)

Russell E Mini 2000 Index

USD

9/21/2012

124

9,862,960

519,152

Currency Abbreviation

USD United States Dollar

For information on the Fund's policy and additional disclosures regarding futures contracts, please refer to Note B in the accompanying Notes to Financial Statements.

Fair Value Measurements

Various inputs are used in determining the value of the Fund'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 Fund'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, 2012 in valuing the Fund's investments. For information on the Fund'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 and Warrants (e)	$	308,076,703	$	—	$	687	$	308,077,390
Government & Agency Obligation		—		1,334,514		—		1,334,514
Short-Term Investments (e)		138,603,472		—		—		138,603,472
Derivatives (f)		519,152		—		—		519,152
Total	$	447,199,327	$	1,334,514	$	687	$	448,534,528

There have been no transfers between Level 1 and Level 2 fair value measurements during the period ended June 30, 2012.

(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, 2012 (Unaudited)
Assets
Investments: Investments in non-affiliated securities, at value (cost $292,444,916) — including $131,652,654 of securities loaned	$	309,411,904
Investment in Daily Assets Fund Institutional (cost $131,491,656)*		131,491,656
Investment in Central Cash Management Fund (cost $7,111,816)		7,111,816
Total investments in securities, at value (cost $431,048,388)		448,015,376
Cash		17,529
Receivable for investments sold		1,095,901
Receivable for Fund shares sold		26,882
Dividends receivable		322,437
Interest receivable		83,918
Receivable for variation margin on futures contracts		268,884
Other assets		4,217
Total assets		449,835,144
Liabilities
Payable upon return of securities loaned		131,491,656
Payable for investments purchased		839,884
Payable for Fund shares redeemed		99,341
Accrued management fee		80,775
Accrued Trustees' fees		1,784
Other accrued expenses and payables		84,674
Total liabilities		132,598,114
Net assets, at value	$	317,237,030
Net Assets Consist of
Undistributed net investment income		2,181,492
Net unrealized appreciation (depreciation) on: Investments		16,966,988
Futures		519,152
Foreign currency		35
Accumulated net realized gain (loss)		3,565,973
Paid-in capital		294,003,390
Net assets, at value	$	317,237,030
Class A Net Asset Value, offering and redemption price per share ($275,268,935 ÷ 21,755,775 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized)	$	12.65
Class B Net Asset Value, offering and redemption price per share ($41,968,095 ÷ 3,315,089 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized)	$	12.66

* 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, 2012 (Unaudited)
Investment Income
Income: Dividends (net of foreign taxes withheld of $2,505)	$	2,354,983
Interest		143
Income distributions — Central Cash Management Fund		5,100
Securities lending income, including income from Daily Assets Fund Institutional, net of borrower rebates		561,707
Total income		2,921,933
Expenses: Management fee		557,508
Administration fee		158,576
Services to shareholders		3,312
Distribution service fee (Class B)		55,025
Custodian fee		15,396
Professional fees		34,078
Reports to shareholders		31,417
Trustees' fees and expenses		7,077
Other		26,689
Total expenses before expense reductions		889,078
Expense reductions		(41,174	)
Total expenses after expense reductions		847,904
Net investment income (loss)		2,074,029
Realized and Unrealized Gain (Loss)
Net realized gain (loss) from: Investments		8,159,136
Futures		(90,033	)
Foreign currency		1,571
		8,070,674
Change in net unrealized appreciation (depreciation) on: Investments		14,094,262
Futures		523,973
Foreign currency		1
		14,618,236
Net gain (loss)		22,688,910
Net increase (decrease) in net assets resulting from operations	$	24,762,939

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, 2012 (Unaudited)			Year Ended December 31, 2011
Operations: Net investment income (loss)	$	2,074,029		$	2,891,402
Operations: Net investment income (loss)	$	2,074,029		$	2,891,402
Net realized gain (loss)		8,070,674			16,289,359
Change in net unrealized appreciation (depreciation)		14,618,236			(33,488,013	)
Net increase (decrease) in net assets resulting from operations		24,762,939			(14,307,252	)
Distributions to shareholders from: Net investment income: Class A		(2,471,403	)		(2,352,452	)
Class B		(283,947	)		(270,870	)
Net realized gains: Class A		(65,554	)		—
Class B		(10,491	)		—
Total distributions		(2,831,395	)		(2,623,322	)
Fund share transactions: Class A Proceeds from shares sold		23,846,040			49,172,547
Reinvestment of distributions		2,536,957			2,352,452
Payments for shares redeemed		(26,438,236	)		(65,044,297	)
Net increase (decrease) in net assets from Class A share transactions		(55,239	)		(13,519,298	)
Class B Proceeds from shares sold		3,320,684			3,566,544
Reinvestment of distributions		294,438			270,870
Payments for shares redeemed		(5,892,399	)		(10,035,764	)
Net increase (decrease) in net assets from Class B share transactions		(2,277,277	)		(6,198,350	)
Increase (decrease) in net assets		19,599,028			(36,648,222	)
Net assets at beginning of period		297,638,002			334,286,224
Net assets at end of period (including undistributed net investment income of $2,181,492 and $2,862,813, respectively)	$	317,237,030		$	297,638,002
Other Information
Class A Shares outstanding at beginning of period		21,776,446			22,942,780
Shares sold		1,886,003			4,067,878
Shares issued to shareholders in reinvestment of distributions		197,737			174,126
Shares redeemed		(2,104,411	)		(5,408,338	)
Net increase (decrease) in Class A shares		(20,671	)		(1,166,334	)
Shares outstanding at end of period		21,755,775			21,776,446
Class B Shares outstanding at beginning of period		3,504,335			4,003,137
Shares sold		257,427			297,764
Shares issued to shareholders in reinvestment of distributions		22,931			20,035
Shares redeemed		(469,604	)		(816,601	)
Net increase (decrease) in Class B shares		(189,246	)		(498,802	)
Shares outstanding at end of period		3,315,089			3,504,335

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

Financial Highlights

				Years Ended December 31,
Class A	Six Months Ended 6/30/12 (Unaudited)			2011			2010			2009			2008			2007
Selected Per Share Data
Net asset value, beginning of period	$	11.77		$	12.41		$	9.90		$	8.63		$	14.71		$	16.12
Income (loss) from investment operations: Net investment income (loss)a		.08			.12			.10			.10			.18			.17
Net realized and unrealized gain (loss)		.91			(.65	)		2.51			1.93			(4.77	)		(.40	)
Total from investment operations		.99			(.53	)		2.61			2.03			(4.59	)		(.23	)
Less distributions from: Net investment income		(.11	)		(.11	)		(.10	)		(.16	)		(.20	)		(.14	)
Net realized gains		(.00	)***		—			—			(.60	)		(1.29	)		(1.04	)
Total distributions		(.11	)		(.11	)		(.10	)		(.76	)		(1.49	)		(1.18	)
Net asset value, end of period	$	12.65		$	11.77		$	12.41		$	9.90		$	8.63		$	14.71
Total Return (%)b		8.45	**		(4.41	)		26.39			26.57			(34.12	)		(1.90	)
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period ($ millions)		275			256			285			258			198			305
Ratio of expenses before expense reductions (%)		.53	*		.52			.52			.56			.54			.53
Ratio of expenses after expense reductions (%)		.50	*		.50			.52			.50			.47			.51
Ratio of net investment income (loss) (%)		1.34	*		.94			.96			1.19			1.51			1.09
Portfolio turnover rate (%)		12	**		15			16			26			25			24	c
a Based on average shares outstanding during the period. b Total return would have been lower had certain expenses not been reduced. c Excludes portfolio securities delivered as a result of processing redemption in-kind transactions. * Annualized Not annualized * Amount is less than $.005.

				Years Ended December 31,
Class B	Six Months Ended 6/30/12 (Unaudited)			2011			2010			2009			2008			2007
Selected Per Share Data
Net asset value, beginning of period	$	11.77		$	12.40		$	9.89		$	8.62		$	14.70		$	16.11
Income (loss) from investment operations: Net investment income (loss)a		.07			.08			.08			.08			.15			.13
Net realized and unrealized gain (loss)		.90			(.64	)		2.50			1.93			(4.77	)		(.40	)
Total from investment operations		.97			(.56	)		2.58			2.01			(4.62	)		(.27	)
Less distributions from: Net investment income		(.08	)		(.07	)		(.07	)		(.14	)		(.17	)		(.10	)
Net realized gains		(.00	)***		—			—			(.60	)		(1.29	)		(1.04	)
Total distributions		(.08	)		(.07	)		(.07	)		(.74	)		(1.46	)		(1.14	)
Net asset value, end of period	$	12.66		$	11.77		$	12.40		$	9.89		$	8.62		$	14.70
Total Return (%)b		8.27	**		(4.58	)		26.11			26.27			(34.33	)		(2.16	)
Ratios to Average Net Assets and Supplemental Data
Net assets, end of period ($ millions)		42			41			50			45			42			73
Ratio of expenses before expense reductions (%)		.78	*		.77			.77			.81			.79			.78
Ratio of expenses after expense reductions (%)		.75	*		.75			.77			.75			.72			.76
Ratio of net investment income (loss) (%)		1.09	*		.69			.71			.93			1.26			.84
Portfolio turnover rate (%)		12	**		15			16			26			25			24	c
a Based on average shares outstanding during the period. b Total return would have been lower had certain expenses not been reduced. c Excludes portfolio securities delivered as a result of processing redemption in-kind transactions. * Annualized Not annualized * Amount is less than $.005.

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 "Fund") is a diversified series of the Trust offered to investors. The Fund 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 Fund 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 and record keeping fees equal to an annual rate up to 0.25% and 0.15%, respectively, of the Class B shares average daily net assets. Class A shares are not subject to such fees.

Investment income, realized and unrealized gains and losses, and certain fund-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 Fund'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 Fund 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.

Equity securities are valued at the most recent sale price or official closing price reported on the exchange (U.S. or foreign) or over-the-counter market on which they trade and are categorized 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 at prices supplied 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.

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.

Futures contracts are generally valued at the settlement prices established each day on the exchange on which they are traded 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 Fund'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 Fund's Investment Portfolio.

Securities Lending. The Fund lends securities to certain financial institutions. The Fund 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 Fund requires the borrowers of the securities to maintain collateral with the Fund 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 Fund 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 Fund 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 Fund 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 Fund 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.

Federal Income Taxes. The Fund'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 income to its shareholders.

Under the Regulated Investment Company Modernization Act of 2010, net capital losses may be carried forward indefinitely, and their character is retained as short-term and/or long-term. Previously, net capital losses were carried forward for eight years and treated as short-term losses. As a transition rule, the Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.

From November 1, 2011 to December 31, 2011, the Fund elects to defer qualified late year losses of approximately $256,000 of net long-term realized capital losses and $160,000 of net short-term realized capital losses and treat them as arising in the fiscal year ending December 31, 2012.

The Fund has reviewed the tax positions for the open tax years as of December 31, 2011 and has determined that no provision for income tax is required in the Fund's financial statements. The Fund'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 Fund, 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 Fund if not distributed, and, therefore, will be distributed to shareholders at least annually. The Fund may also make additional distributions for tax purposes if necessary.

The timing and characterization of certain income and capital gain 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 Fund may periodically make reclassifications among certain of its capital accounts without impacting the net asset value of the Fund.

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

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

Real Estate Investment Trusts. The Fund 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 for financial statement purposes and a recharacterization will be made within the accounting records 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 Fund 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 and may include proceeds from litigation.

B. Derivative Instruments

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). For the six months ended June 30, 2012, the Fund invested in futures to keep cash on hand to meet shareholder redemptions or other needs while maintaining exposure to the stock market.

Upon entering into a futures contract, the Fund 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 Fund dependent upon the daily fluctuations in the value and are recorded for financial reporting purposes as unrealized gains or losses by the Fund. 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 Fund's ability to close out a futures contract prior to the settlement date and the risk that the futures contract is not well correlated with the security, index or currency to which it relates. Risk of loss may exceed amounts disclosed in the Statement of Assets and Liabilities.

A summary of the open futures contracts as of June 30, 2012 is included in a table following the Fund's Investment Portfolio. For the six months ended June 30, 2012, the investment in futures contracts purchased had a total notional value generally indicative of a range from approximately $8,422,000 to $9,863,000.

The following tables summarize the value of the Fund's derivative instruments held as of June 30, 2012 and the related location in the accompanying Statement of Assets and Liabilities, presented by primary underlying risk exposure:

Asset Derivative		Futures Contracts
Equity Contracts (a)		$	519,152

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

(a) Includes cumulative appreciation of futures contracts as disclosed in the Investment Portfolio. Unsettled variation margin is disclosed separately within the Statement of Assets and Liabilities.

Additionally, the amount of unrealized and realized gains and losses on derivative instruments recognized in Fund earnings during the six months ended June 30, 2012 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)		$	(90,033	)

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)		$	523,973

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

(a) Change in net unrealized appreciation (depreciation) on futures

C. Purchases and Sales of Securities

During the six months ended June 30, 2012, purchases and sales of investment securities (excluding short-term investments) aggregated $42,542,858 and $36,863,052, respectively.

D. 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 Fund or delegates such responsibility to the Fund's sub-advisor. Pursuant to the Investment Management Agreement with the Advisor, the Fund 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, Inc. ("NTI") serves as subadvisor. As a sub-advisor to the Fund, NTI makes investment decisions and buys and sells securities for the Fund. NTI is paid by the Advisor for the services NTI provides to the Fund.

For the period from January 1, 2012 through April 30, 2013, the Advisor has contractually agreed to waive all or a portion of its fees and/or reimburse certain operating expenses of the Fund to the extent necessary to maintain the operating expenses (excluding certain expenses such as extraordinary expenses, taxes, brokerage and interest) of each class as follows:

Class A	.50%
Class B	.75%

Accordingly, for the six months ended June 30, 2012, the Advisor waived a portion of its management fee aggregating $40,472, and the amount charged aggregated $517,036, which was equivalent to an annualized effective rate of 0.33% of the Fund's average daily net assets.

Administration Fee. Pursuant to the Administrative Services Agreement, DIMA provides most administrative services to the Fund. For all services provided under the Administrative Services Agreement, the Fund pays DIMA an annual fee ("Administration Fee") of 0.10% of the Fund's average daily net assets, computed and accrued daily and payable monthly. For the six months ended June 30, 2012, the Administration Fee was $158,576, of which $24,913 is unpaid.

Distribution Service Agreement. DWS Investments Distributors, Inc. ("DIDI"), an affiliate of the Advisor, is the Fund'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, 2012, the Distribution Service Fee was as follows:

Distribution Service Fee		Total Aggregated				Unpaid at June 30, 2012
Class B		$	55,025			$	8,499

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 Fund. 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 Fund. For the six months ended June 30, 2012, the amounts charged to the Fund by DISC were as follows:

Services to Shareholders	Total Aggregated		Waived		Unpaid at June 30, 2012
Class A	$	569	$	569	$	—
Class B		166		133		27
	$	735	$	702	$	27

Typesetting and Filing Service Fees. Under an agreement with DIMA, DIMA is compensated for providing typesetting and certain regulatory filing services to the Fund. For the six months ended June 30, 2012, the amount charged to the Fund by DIMA included in the Statement of Operations under "reports to shareholders" aggregated $13,352, of which $5,788 is unpaid.

Trustees' Fees and Expenses. The Fund paid retainer fees to each Trustee not affiliated with the Advisor, plus specified amounts to the Board Chairperson and to each committee Chairperson.

Affiliated Cash Management Vehicle. The Fund may invest uninvested cash balances in Central Cash Management Fund, which is managed by the Advisor. The Fund indirectly bears its proportionate share of the expenses of Central Cash Management Fund. 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.

E. Line of Credit

The Fund and other affiliated funds (the "Participants") share in a $375 million revolving credit facility provided by a syndication of banks. The Fund 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 Fund may borrow up to a maximum of 33 percent of its net assets under the agreement. The Fund had no outstanding loans at June 30, 2012.

F. Ownership of the Fund

At June 30, 2012, two participating insurance companies were beneficial owners of record of 10% or more of the total outstanding Class A shares of the Fund, owning 56% and 10%. At June 30, 2012, two participating insurance companies were beneficial owners of record of 10% or more of the outstanding Class B shares of the Fund, each owning 43% and 28%, respectively.

Information About Your Fund's Expenses (Unaudited)

As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund 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 Fund 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 Fund 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, 2012 to June 30, 2012).

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

•Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses (but not transaction costs) paid on a $1,000 investment in the Fund using the Fund'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% Fund Return. This helps you to compare your Fund's ongoing expenses (but not transaction costs) with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical Fund 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, 2012
Actual Fund Return	Class A		Class B
Beginning Account Value 1/1/12	$	1,000.00	$	1,000.00
Ending Account Value 6/30/12	$	1.084.50	$	1,082.70
Expenses Paid per $1,000*	$	2.59	$	3.88
Hypothetical 5% Fund Return	Class A		Class B
Beginning Account Value 1/1/12	$	1,000.00	$	1,000.00
Ending Account Value 6/30/12	$	1,022.38	$	1,021.13
Expenses Paid per $1,000*	$	2.51	$	3.77

* Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by 182 (the number of days in the most recent six-month period), then divided by 366.

Annualized Expense Ratios	Class A		Class B
DWS Small Cap Index VIP	.50%		.75%

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

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

Proxy Voting

The Fund's policies and procedures for voting proxies for portfolio securities and information about how the Fund 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 Fund's policies and procedures without charge, upon request, call us toll free at (800) 728-3337.

Summary of Management Fee Evaluation by Independent Fee Consultant

September 26, 2011

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 2011, 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, 2008, 2009 and 2010.

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 have served 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 109 mutual 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 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.

Thomas H. Mack

President, Thomas H. Mack & Co., Inc.

Notes

DWS Investments Distributors, Inc.

222 South Riverside Plaza

Chicago, IL 60606

(800) 621-1148

vit-scif-3 (R-028372-1 8/12)

Date of fiscal year end:	12/31

Date of reporting period:	6/30/2012


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.

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


By:	/s/W. Douglas Beck W. Douglas Beck President

Date:	August 20, 2012

By:	/s/W. Douglas Beck W. Douglas Beck President

Date:	August 20, 2012



By:	/s/Paul Schubert Paul Schubert Chief Financial Officer and Treasurer

Date:	August 20, 2012