-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O5rY8mXNIYJu1egqmV2RwApJQmpw01SJQcpcuB/4Ex6QYYzm9togV2hp6mOr2PWJ t7x8A7yCkGIp6s83YXjWnQ== 0000927016-01-504099.txt : 20020412 0000927016-01-504099.hdr.sgml : 20020412 ACCESSION NUMBER: 0000927016-01-504099 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010930 FILED AS OF DATE: 20011204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ISHARES TRUST CENTRAL INDEX KEY: 0001100663 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943351276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30D SEC ACT: 1940 Act SEC FILE NUMBER: 001-15897 FILM NUMBER: 1805513 BUSINESS ADDRESS: STREET 1: 45 FREMONT STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 N-30D 1 dn30d.txt RUSSELL SEMI-ANNUAL REPORT 09/30/2001 - I SHARES iShares Russell Series SEMI-ANNUAL REPORT September 30, 2001 [iShares LOGO] The way you invest now. ----------- Only better. BARCLAYS GLOBAL INVESTORS TABLE OF CONTENTS Shareholder Letter............................................... 1 Market Overview.................................................. 3 Managers' Discussion & Analysis.................................. 4 Schedules of Investments......................................... 12 iShares Russell 3000 Index Fund............................... 12 iShares Russell 3000 Growth Index Fund........................ 46 iShares Russell 3000 Value Index Fund......................... 66 iShares Russell 2000 Index Fund............................... 88 iShares Russell 2000 Growth Index Fund........................ 110 iShares Russell 2000 Value Index Fund......................... 125 iShares Russell 1000 Index Fund............................... 140 iShares Russell 1000 Growth Index Fund........................ 152 iShares Russell 1000 Value Index Fund......................... 159 iShares Russell Midcap Index Fund............................. 168 iShares Russell Midcap Growth Index Fund...................... 178 iShares Russell Midcap Value Index Fund....................... 183 Financial Statements............................................. 190 Financial Highlights............................................. 200 Notes to the Financial Statements................................ 204
THIS PAGE INTENTIONALLY LEFT BLANK. To Our Shareholders The iShares Funds' semi-annual period ended September 30, 2001 was one of continued market volatility. Significant events during this period included: . The S&P 500 experienced its worst quarter since the third quarter of 1987. . The federal government passed a 10-year, $1.35 trillion tax-cut package. . The Federal Reserve Board lowered short-term interest rates five times during the reporting period, bringing the federal funds rate to 3.00% and the discount rate to 2.50% by September 30. . The terrorist attack on September 11 that tragically took the lives of more than 5,000 people and affected lives around the world also resulted in the equity markets remaining closed for four days, the longest period since World War I. As you read through this report and review the performance of the iShares in your portfolio, we encourage you to keep long-term goals in mind when making investment decisions. While one fund's recent performance may be better than another's, it is important to remember that past performance is no guarantee of future results. Even as market conditions change, you should maintain your investment strategy as long as it remains appropriate for your short- or long-term objectives. One trait many successful investors share is the ability to stay focused on their personal financial goals and fundamental long-term market opinions, while ignoring temporary market swings. We trust that the iShares are fulfilling your expectations as a simple, cost-effective way for you to invest in your future, and will continue to do so. We also encourage you to consider the appropriateness of other iShares as part of your long-term investment program. iShares offer investors a wide range of indexed investment choices based on market capitalization, investment style, and sector exposure. We appreciate your confidence and look forward to helping you meet your investment goals. iShares Funds November 2001 - -------------------------------------------------------------------------------- iShares Shareholder Letter page 1 THIS PAGE INTENTIONALLY LEFT BLANK. Market Overview U.S. Equity Markets U.S. equity markets struggled during the six-month period ended September 30, 2001. During the period, the earnings warnings and revisions that had begun in late 2000 became commonplace, as did layoffs. Markets reflected the poor investor sentiment: On April 4, the Nasdaq Composite reached 1638, representing a loss of two-thirds of its value since its peak on March 10, 2000. That same day, the Dow Jones Industrial Average fell to 9485.71, a 20% drop from its record close on January 14, 2000. Poor economic indicators contributed to the bleak outlook. In response to the signs of a faltering economy, the Federal Reserve Board (the "Fed") continued its efforts to avoid a recession. By the end of September, the Fed had lowered rates five times during the reporting period (following three cuts in the first quarter). The cuts represented a cumulative 2.00%, reducing the federal funds rate to 3.00%. The federal government also acted to stimulate the economy. In the second quarter, a $1.35 trillion tax cut was passed, including a tax rebate designed to inject capital into the economy in the third quarter. Despite these actions, discouraging economic signs and poor earnings growth weighed on the markets. Industrial output figures reached their lowest levels in five years. GDP growth dipped to a paltry 0.2% for the second quarter, a fraction of its 5% rate a year earlier. The unemployment rate reached 4.9% in August, the highest level in 4 years. The Fed expressed continued concerns about the level of economic weakness, indicating more interest rate cuts could come later in the year. The terrorist attack on U.S. soil on September 11 accelerated the broad market sell off. After remaining closed for four days following the attack, equity markets reopened on September 17. Despite the combined effects of monetary stimulus from the Fed and fiscal stimulus from the federal government, equity markets declined sharply through the remainder of the month. The losses resulted in the largest quarterly declines for both the S&P 500 and the Dow Jones Industrial Average since the quarter that included the stock market crash of 1987. U.S. Fixed Income Markets Like U.S. equity markets, bond markets experienced a volatile six-month period. However, because what is good for stocks typically tends to be bad for bonds and vice versa, the bond markets' performance was opposite the equities markets' performance. As the period opened, the weakening U.S. economy helped bond market returns. As the economy slowed, interest rates dropped, driving bond prices up. Spurred by the Fed's actions, short-term interest rates enjoyed the biggest gains. During the second quarter, brief signs of possible economic recovery hurt bonds, particularly long-term Treasury bonds. Because the prospect of economic strength brought with it the potential for inflation, long-term rates crept up during the second quarter. The federal government's tax cut also lowered many projections of future government budget surpluses. Although long-term bonds rallied during the reporting period, short-term rates saw the greatest improvement. Fed rate cuts throughout the six-month period helped short-term yields to drift lower. Although the Fed ultimately cut the target rate to 3.00% in September, enough liquidity was injected into the markets that federal funds actually traded closer to 1.00% during mid-September. The lower short-term rates caused the yield curve to steepen during the period. Following the terrorist attack on the U.S. on September 11, the markets experienced a flight to quality that led investors from equities and lower-quality bonds to the safe haven of government securities, particularly short-term issues. By the end of the period, the 2-year Treasury note's yield had dropped to 2.85% representing its lowest level since the Eisenhower administration. - -------------------------------------------------------------------------------- iShares Market Overview page 3 Managers' Discussion & Analysis iShares Russell 3000 Index Funds Performance As Of 9/30/01 - -------------------------------------------------------------------------------- Average Annual Total Returns - --------------------------------------------------------------------------------
Year Ended 9/30/01 Inception to 9/30/01 ---------------------------- ---------------------------- Fund Inception Date NAV Market Index Nav Market Index ---- -------------- -------- -------- -------- -------- -------- -------- iShares Russell 3000 Index Fund 05/22/00 (27.96)% (28.54)% (27.91)% (18.49)% (17.77)% (18.31)% iShares Russell 3000 Growth Index Fund 07/24/00 (45.43)% (45.47)% (45.37)% (42.66)% (39.68)% (42.47)% iShares Russell 3000 Value Index Fund 07/24/00 (8.18)% (8.81)% (7.98)% (2.59)% (1.69)% (2.42)%
- -------------------------------------------------------------------------------- Total returns represent the iShares Fund's change in value during the periods noted above. A Fund's "net asset value" is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate "market" returns is the price of the last reported trade for shares of each Fund on any national securities exchange or other major U.S. market. Market price and NAV may be calculated at different times, and this timing difference is one of the reasons that NAV and market returns may differ. Also, market price returns do not include brokers' commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. Market and NAV returns assume that dividends and capital gains distributions have been reinvested in the Fund at market price and net asset value, respectively. The returns shown in the table above do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of the Fund will vary with changes in market conditions. Shares of the Fund may be worth more or less than their original cost when they are redeemed or sold in the market. An Index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the Index does not actually hold a portfolio of securities and therefore does not incur the management, administration, distribution, transaction or other expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund's past performance is no guarantee of future results. [GRAPH] Sector Breakout - --------------- Russell 3000 Index Auto and Transportation 2.02% Consumer Discretionary 12.19% Consumer Staples 7.16% Financial Services 21.37% Health Care 16.28% Integrated Oils 4.24% Materials and Processing 3.23% Other Energy 1.92% Producer Durables 3.11% Technology 13.74% Utilities 9.96% Other 4.78%
[GRAPH] Russell 3000 Growth Index Auto and Transportation 0.70% Consumer Discretionary 14.48% Consumer Staples 7.81% Financial Services 10.44% Health Care 27.68% Integrated Oils 0.06% Materials and Processing 0.72% Other Energy 2.32% Producer Durables 2.48% Technology 22.66% Utilities 2.80% Other 7.85%
[GRAPH] Russell 3000 Value Index Autos and Transportation 3.23% Consumer Discretionary 10.08% Consumer Staples 6.55% Financial Services 31.47% Health Care 5.74% Integrated Oils 8.12% Materials and Processing 5.55% Other Energy 1.56% Producer Durables 3.69% Technology 5.50% Utilities 16.57% Other 1.94%
- -------------------------------------------------------------------------------- page 4 i|Shares The broad U.S. equity market, as measured by the Russell 3000 Index, experienced a tumultuous six-month period ended September 30, 2001. The iShares Russell 3000 Index Fund seeks to track the performance of the Russell 3000 Index. During the six months ended September 30, 2001, the Index declined 9.81%. The iShares Russell 3000 Growth Index Fund and Russell 3000 Value Index Fund seek to track the value and growth components, respectively, of the Russell 3000 Index. For the six-month period ended September 30, 2001, the Russell 3000 Growth Index declined 12.71%, while the Russell 3000 Value Index declined 6.36%. For the same period, the iShares Russell 3000 Index Fund dropped 9.88%; the Growth Fund was down 12.82% and the Value Fund fell 6.43%. Volatility and market declines continued during the reporting period. Although the Federal Reserve Board (the "Fed") lowered rates an additional five times during the six-month period (following three cuts in the first quarter of 2001), the monetary stimulus did little to revive the slowing economy. A burst of optimism came early in the reporting period, although it would be fleeting. The federal government's proposed $1.35 trillion tax cut package was followed by news that the GDP growth rate for the first quarter was a higher-than-expected 2%. Markets responded to the positive news, and experienced one of the best Aprils in a decade. However, May brought another dose of reality, when the first quarter GDP number was revised downward. The summer months brought weak corporate earnings reports, high unemployment claims, and warnings of lower future revenues. When second quarter GDP growth was reported to be a mere 0.2%, economic recovery looked less likely. The terrorist attack on September 11 dealt the economy another blow. Despite a 0.50% rate cut before markets reopened and fiscal stimulus provided by the Federal government, markets slumped though the end of September. As would be expected, growth stocks' performance trailed the performance for value stocks during the six-month period ended September 30, 2001. That trend was reflected in the sector performance within the Russell 3000 Index. The best returns (and only positive sector returns) came from the consumer staples (7.16% of the Index as of September 30, 2001) and health care (16.28% of the Index as of September 30, 2001) sectors, which returned 2.22% and 2.46%, respectively. Technology stocks (13.74% of the Index) fell 26.19% during the period. Largely hurt by the aftermath of the September 11 attack, the auto and transportation group (2.02% of the Index) dropped 17.86%. Energy-related stocks (1.92% of the Index), which have experienced weakening demand as a result of the global economic slowdown, experienced the largest drop, falling 36.86% during the reporting period. In terms of individual holdings, Johnson & Johnson (1.64% of the Russell 3000 Index as of September 30, 2001) posted strong gains, climbing 27.55% during the period. Regional telephone company SBC Communications (1.54% of the Index as of September 30, 2001), also logged positive returns of 6.88%. Merck & Company Inc. (1.48% of the Index) and General Electric (3.59% of the Index) declined 11.38% and 10.44%, respectively. - -------------------------------------------------------------------------------- iShares Managers' Discussion & Analysis page 5 Managers' Discussion & Analysis iShares Russell 2000 Index Funds Performance as of 9/30/01
- ------------------------------------------------------------------------------------------------------------------- Average Annual Total Returns - ------------------------------------------------------------------------------------------------------------------- Year Ended 9/30/01 Inception to 9/30/01 ---------------------------- ---------------------------- Fund Inception Date NAV Market Index NAV Market Index ---- -------------- -------- -------- -------- -------- -------- -------- iShares Russell 2000 Index Fund 05/22/00 (21.38)% (21.87)% (21.21)% (9.83)% (8.34)% (9.37)% iShares Russell 2000 Growth Index Fund 07/24/00 (42.75)% (43.75)% (42.59)% (38.05)% (34.94)% (37.72)% iShares Russell 2000 Value Index Fund 07/24/00 5.38% 4.83% 5.61% 8.51% 9.21% 8.81% - --------------------------------------------------------------------------------------------------------------------
Total returns represent the iShares Fund's change in value during the periods noted above. A Fund's "net asset value" is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate "market" returns is the price of the last reported trade for shares of each Fund on any national securities exchange or other major U.S. market. Market price and NAV may be calculated at different times, and this timing difference is one of the reasons that NAV and market returns may differ. Also, market price returns do not include brokers' commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. Market and NAV returns assume that dividends and capital gains distributions have been reinvested in the Fund at market price and net asset value, respectively. The returns shown in the table above do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of the Fund will vary with changes in market conditions. Shares of the Fund may be worth more or less than their original cost when they are redeemed or sold in the market. An Index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the Index does not actually hold a portfolio of securities and therefore does not incur the management, administration, distribution, transaction or other expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund's past performance is no guarantee of future results. EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Sector Breakout --------------- Russell 2000 Index Auto and Transportation 3.49% Consumer Discretionary 16.70% Consumer Staples 3.54% Financial Services 23.97% Health Care 13.58% Integrated Oils 0.10% Materials and Processing 8.68% Other Energy 2.82% Producer Durables 8.37% Technology 12.06% Utilities 5.75% Other 0.94%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell 2000 Growth Index Auto and Transportation 1.73% Consumer Discretionary 19.42% Consumer Staples 2.15% Financial Services 11.62% Health Care 25.16% Integrated Oils 0.05% Materials and Processing 3.63% Other Energy 4.56% Producer Durables 9.54% Technology 18.69% Utilities 2.84% Other 0.61%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell 2000 Value Index Auto and Transportation 5.00% Consumer Discretionary 14.37% Consumer Staples 4.73% Financial Services 34.54% Health Care 3.66% Integrated Oils 0.14% Materials and Processing 13.00% Other Energy 1.33% Producer Durables 7.37% Technology 6.38% Utilities 8.24% Other 1.24%
- -------------------------------------------------------------------------------- page 6 i|Shares Small capitalization stocks, as measured by the Russell 2000 Index, endured continued market volatility during the six-month period ended September 30, 2001. The iShares Russell 2000 Index Fund seeks to track the Russell 2000 Index. During the six-month period ended September 30, 2001, the Russell 2000 Index declined 9.47%. The iShares Russell 2000 Growth Index Fund and iShares Russell 2000 Value Index Fund seek to track the growth and value components of the Russell 2000 Index, respectively. For the six-month period ended September 30, 2001, the Russell 2000 Growth Index declined 15.15%, while the Russell 2000 Value Index declined 3.25%. For the same period, the iShares Russell 2000 Index Fund was down 9.68%; the Growth Fund fell 15.37% while the Value Fund dropped 3.42%. The reporting period opened amid the same familiar themes of earnings warnings, layoffs, and weak economic reports. On April 4, 2001, the Nasdaq Composite dipped to 1638, having lost two-thirds of its value since its high on March 10, 2000. In an effort to stimulate the slowing economy, the Federal Reserve Board (the "Fed"), led a campaign of lowering short-term interest rates throughout the period. Initially, the Fed moves, combined with a proposed tax cut in April and some encouraging economic figures, helped drive the equity markets up: the Nasdaq Composite returned 15% for the month of April alone. However, the optimism was short-lived, and stock prices generally drifted lower over the next few months. Economic figures released during the period only fueled the decline: second quarter GDP growth was a paltry 0.2%, and, in August, unemployment figures reached 4.9%. Finally, on September 11, the terrorist attack that impacted the emotions of all Americans also rattled an already shaky market. After remaining closed for four days following the attack, equity markets reopened on September 17, falling sharply through the end of the reporting period. Not surprisingly, growth-oriented stocks were hit harder than their value counterparts during the reporting period. Investors continued to sell their shares of technology stocks in favor of more traditionally defensive securities as the economy slowed. After the terrorist attack on September 11, a flight to quality widened the performance gap between growth and value stocks further. Energy-related stocks fell during the reporting period ended September 30, 2001, as the global slowdown led to reduced demand. Within the Russell 2000 Index, energy stocks (2.82% of the Index as of September 30, 2001) suffered the biggest declines, falling 33.78%. Technology stocks (12.06% of the Index as of September 30, 2001) dropped 25.89% during the period. Viewed as a defensive area, consumer staples (3.54% of the Index) delivered the best returns in the Index, rising 17.30%. In terms of individual holdings, the top-performing stock among the Index's ten largest positions during the period was Alliant Techsystems (0.27% of the Index as of September 30, 2001). The defense company's share price surged in the wake of the September 11 attack and logged a return of 45.00% for the period. Other strong performers included Dean Foods Company (0.25% of the Index) and Dial Corporation (0.23% of the Index), which returned 38.06% and 32.78%, respectively. - -------------------------------------------------------------------------------- iShares Managers' Discussion & Analysis page 7 Managers' Discussion & Analysis iShares Russell 1000 Index Funds Performance as of 9/30/01
- -------------------------------------------------------------------------------------------------------------------- Average Annual Total Returns - -------------------------------------------------------------------------------------------------------------------- Year Ended 9/30/01 Inception to 9/30/01 ---------------------------- ---------------------------- Fund Inception Date NAV Market Index NAV Market Index ---- -------------- -------- -------- -------- -------- -------- -------- iShares Russell 1000 Index Fund 05/15/00 (28.44)% (28.61)% (28.42)% (21.03)% (19.14)% (20.87)% iShares Russell 1000 Growth Index Fund 05/22/00 (45.69)% (45.90)% (45.64)% (34.50)% (33.89)% (34.29)% iShares Russell 1000 Value Index Fund 05/22/00 (9.00)% (9.49)% (8.91)% (4.10)% (3.68)% (3.96)% - --------------------------------------------------------------------------------------------------------------------
Total returns represent the iShares Fund's change in value during the periods noted above. A Fund's "net asset value" is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate "market" returns is the price of the last reported trade for shares of each Fund on any national securities exchange or other major U.S. market. Market price and NAV may be calculated at different times, and this timing difference is one of the reasons that NAV and market returns may differ. Also, market price returns do not include brokers' commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. Market and NAV returns assume that dividends and capital gains distributions have been reinvested in the Fund at market price and net asset value, respectively. The returns shown in the table above do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of the Fund will vary with changes in market conditions. Shares of the Fund may be worth more or less than their original cost when they are redeemed or sold in the market. An Index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the Index does not actually hold a portfolio of securities and therefore does not incur the management, administration, distribution, transaction or other expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund's past performance is no guarantee of future results. EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Sector Breakout --------------- Russell 1000 Index Auto and Transportation 1.91% Consumer Discretionary 11.88% Consumer Staples 7.41% Financial Services 21.19% Health Care 16.47% Integrated Oils 4.53% Materials and Processing 2.85% Other Energy 1.86% Producer Durables 2.74% Technology 13.86% Utilities 10.25% Other 5.05%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell 1000 Growth Index Auto and Transportation 0.63% Consumer Discretionary 14.15% Consumer Staples 8.19% Financial Services 10.36% Health Care 27.86% Integrated Oils 0.06% Materials and Processing 0.53% Other Energy 2.17% Producer Durables 2.01% Technology 22.92% Utilities 2.79% Other 8.33%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell 1000 Value Index Auto and Transportation 3.11% Consumer Discretionary 9.77% Consumer Staples 6.68% Financial Services 31.25% Health Care 5.89% Integrated Oils 8.69% Materials and Processing 5.01% Other Energy 1.58% Producer Durables 3.42% Technology 5.43% Utilities 17.18% Other 1.99%
- -------------------------------------------------------------------------------- page 8 i|Shares The Russell 1000 Index endured another volatile reporting period. The iShares Russell 1000 Index Fund seeks to track the Russell 1000 Index. For the six-month period ended September 30, 2001, the Index fell 9.88%. The iShares Russell 1000 Growth Index Fund and iShares Russell 1000 Value Index Fund seek to track the growth and value components of the Russell 1000 Index, as represented by the Russell 1000 Growth Index and the Russell 1000 Value Index, respectively. During the six-month period ended September 30, 2001, the Russell 1000 Growth Index declined 12.63% and the Russell 1000 Value Index declined 6.60%. For the same period, the iShares Russell 1000 Index Fund was down 9.94%; the Growth Fund dropped 12.70% while the Value Fund fell 6.66%. Stock markets suffered through a difficult six months, driven by many of the same themes from previous reporting periods: corporations announced layoffs and missed earnings targets, economic signs weakened, and the Federal Reserve Board (the "Fed") continued its aggressive easing of monetary policy in an attempt to help the economy sidestep a recession. Some optimism did return to the stock markets in the first few months of the reporting period. In addition to the Fed's actions toward reviving the economy, the federal government also attempted to stimulate the economy by passing a $1.35 trillion tax-cut package that included tax rebates in the third quarter. Investors seemed to respond positively to these moves as they bid up stock prices. However, optimism was fleeting. By July, second quarter earnings brought another wave of lower earnings reports from Corporate America. Compounding the bleak outlook, second quarter GDP growth was reported at 0.2%, and by August, unemployment claims had risen to 4.9%. A flailing economy was dealt another blow on September 11, when the terrorist attack on the U.S. that took the lives of so many Americans also robbed investors of their confidence in the markets. Continuing the trend that began in 2000, value stocks outperformed growth stocks during the six-month period. Investors largely migrated away from growth-oriented sectors, like technology stocks, toward more defensive areas, like consumer staples. Within the Russell 1000 Index, the two sectors that were the most adversely affected were energy (1.86% of the Index as of September 30, 2001) and technology (13.86% of the Index as of September 30, 2001), which declined 37.38% and 25.77% over the reporting period, respectively. Declining demand for energy in the face of slower global economic growth hurt energy shares. Technology shares continued to be negatively affected by the flight away from "new economy" growth shares. The only two sectors within the Russell 1000 Index to log positive returns during the reporting period were consumer staples (7.41% of the Index) and health care (16.47% of the Index), which gained 1.55% and 2.46%, respectively. Both sectors fared well because they are viewed as defensive areas in times of slower economic growth or uncertainty. In terms of individual Index holdings, Johnson & Johnson (1.75% of the Russell 1000 Index as of September 30, 2001) delivered impressive gains, rising 27.55%. SBC Communications (1.64% of the Index) also fared well, returning 6.88%. Merck (1.58% of the Index) fell 11.38%, while General Electric (3.83% of the Index) declined 10.44% over the reporting period. - -------------------------------------------------------------------------------- iShares Managers' Discussion & Analysis page 9 Managers' Discussion & Analysis iShares Russell Midcap Index Funds Performance as of 9/30/01
- ------------------------------------------------------------------------------------- Total Returns - -------------------------------------------------------------------------------------- Inception to 9/30/01 ---------------------------- Fund Inception Date Nav Market Index ---- -------------- -------- -------- -------- iShares Russell Midcap Index Fund 07/17/01 (15.57)% (14.89)% (15.54)% iShares Russell Midcap Growth Index Fund 07/17/01 (22.79)% (21.91)% (22.73)% iShares Russell Midcap Value Index Fund 07/17/01 (11.30)% (10.62)% (11.26)% - --------------------------------------------------------------------------------------
Total returns represent the iShares Fund's change in value during the periods noted above. A Fund's "net asset value" is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. The price used to calculate "market" returns is the price of the last reported trade for shares of each Fund on any national securities exchange or other major U.S. market. Market price and NAV may be calculated at different times, and this timing difference is one of the reasons that NAV and market returns may differ. Also, market price returns do not include brokers' commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower. Market and NAV returns assume that dividends and capital gains distributions have been reinvested in the Fund at market price and net asset value, respectively. The returns shown in the table above do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. The investment return and principal value of shares of the Fund will vary with changes in market conditions. Shares of the Fund may be worth more or less than their original cost when they are redeemed or sold in the market. An Index is a statistical composite that tracks a specified financial market or sector. Unlike the Fund, the Index does not actually hold a portfolio of securities and therefore does not incur the management, administration, distribution, transaction or other expenses incurred by the Fund. These expenses negatively impact the performance of the Fund. The Fund's past performance is no guarantee of future results. EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Sector Breakout --------------- Russell Midcap Index Auto and Transportation 2.80% Consumer Discretionary 15.64% Consumer Staples 4.86% Financial Services 22.46% Health Care 13.09% Integrated Oils 1.75% Materials and Processing 7.01% Other Energy 3.55% Producer Durables 6.07% Technology 10.76% Utilities 9.99% Other 2.02%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell Midcap Growth Index Auto and Transportation 1.03% Consumer Discretionary 18.74% Consumer Staples 3.17% Financial Services 11.24% Health Care 28.17% Integrated Oils 0.36% Materials and Processing 2.97% Other Energy 5.25% Producer Durables 6.20% Technology 20.87% Utilities 1.68% Other 0.32%
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC Russell Midcap Value Index Auto and Transportation 3.73% Consumer Discretionary 14.02% Consumer Staples 5.74% Financial Services 28.33% Health Care 5.19% Integrated Oils 2.48% Materials and Processing 9.12% Other Energy 2.67% Producer Durables 6.01% Technology 5.47% Utilities 14.33% Other 2.91%
- -------------------------------------------------------------------------------- page 10 i|Shares The iShares Russell Midcap Index Fund seeks to track the Russell Midcap Index. From the inception of the Fund on July 17, 2001 through September 30, 2001, the Index declined 15.54%. The iShares Russell Midcap Growth Index Fund and iShares Russell Midcap Value Index Fund seek to track the performance of the growth and value components of the Russell Midcap Index, as represented by the Russell Midcap Growth Index and the Russell Midcap Value Index, respectively. During the period from each Fund's inception on July 17, 2001 through September 30, 2001, the Russell Midcap Growth Index declined 22.73% and the Russell Midcap Value Index was down 11.26%, respectively. For the same period, the iShares Russell Midcap Index Fund fell 15.57%; the Growth Fund dropped 22.79% while the Value Fund fell 11.30%. Many of the themes of previous months carried over into the six-month reporting period ended September 30, 2001, which opened amid earnings disappointments, weak economic indicators and job cuts. Working to prevent the sluggish economy from falling into recession, the Federal Reserve (the "Fed") continued its stance on lowering interest rates. Following three rate cuts in the first quarter, the Fed chopped rates an additional five times during the next six months. By the end of September, the Fed Funds rate stood at 3.00%, its lowest level in more than seven years. Early in the reporting period, the Fed's actions, combined with a tax cut that would bring relief to investors and some positive economic figures, briefly sparked some optimism in the markets. For the second quarter of 2001, the broader market, as measured by the S&P 500, rose 5.83%. However, market sentiment eroded during the next few months. Second quarter earnings announcements included reports of missed targets and downward revisions for annual revenue estimates. In August, weak economic indicators, including poor GDP figures and high unemployment claims, made economic recovery appear more distant. Finally, on September 11, the terrorist attack on the U.S. compounded the markets' troubles. Equity markets closed for four days following the attack, reopening on September 17. Despite preemptive action by both the Fed and the federal government, markets suffered further declines through the end of the month. For the reporting period, growth stocks trailed their value counterparts. The divergence between growth and value was largely explained by the technology sector's performance during the period. Technology stocks (10.76% of the Russell Midcap Index as of September 30, 2001) suffered the most significant losses during the period, falling 36.45%. Auto and transportation shares (2.80% of the Russell Midcap Index as of September 30) fell 30.90%, in part due to the effects of the September 11 attack. Consumer discretionary stocks (15.64% of the Russell Midcap Index) fell 22.16%. The only positive performance during the reporting period came from consumer staples shares (4.86% of the Russell Midcap Index), which gained 4.75%. The group did well because many investors considered them a defensive area in times of economic uncertainty. In terms of individual holdings, the best performance came from defense contractor Raytheon (0.56% of the Russell Midcap Index as of September 30, 2001), whose shares shot up after the September 11 attack. Raytheon gained 34.43% during the reporting period. The share price of Guidant Corporation (0.54% of the Russell Midcap Index as of September 30, 2001) soared 33.26% during the period. Retail food chain Albertson's Inc. (0.60% of the Index) also fared well, rising 10.62%. Financial companies Key Corp (0.47% of the Index) and Comerica (0.45% of the Index) both posted losses, falling 6.94% and 6.53%, respectively. - -------------------------------------------------------------------------------- iShares Managers' Discussion & Analysis page 11 iShares Russell 3000 Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS - 99.78% - ------------------------------------------------------------------ General Electric Co. 735,552 $ 27,362,534 Exxon Mobil Corp. 510,862 20,127,963 Pfizer Inc. 467,473 18,745,667 Microsoft Corp.(1)(2) 323,636 16,560,454 Citigroup Inc. 386,009 15,633,364 American International Group Inc. 170,640 13,309,920 Johnson & Johnson 225,286 12,480,844 International Business Machines Corp. 128,641 11,873,564 SBC Communications Inc. 249,084 11,736,838 Merck & Co. Inc. 169,505 11,289,033 Verizon Communications Inc. 200,505 10,849,326 AOL Time Warner Inc.(1) 316,135 10,464,068 Intel Corp. 498,245 10,184,128 Wal-Mart Stores Inc. 205,658 10,180,071 Bristol-Myers Squibb Co. 143,454 7,970,304 Philip Morris Companies Inc. 161,791 7,812,887 Coca-Cola Co. 155,711 7,295,060 Procter & Gamble Co. 96,030 6,990,024 Bank of America Corp. 118,816 6,938,854 Home Depot Inc. 172,946 6,635,938 Cisco Systems Inc.(1) 542,268 6,604,824 PepsiCo Inc. 131,326 6,369,311 Fannie Mae 75,479 6,042,849 Abbott Laboratories 114,812 5,953,002 BellSouth Corp. 138,809 5,767,514 Lilly (Eli) and Company 71,103 5,738,012 American Home Products Corp. 97,544 5,681,938 Wells Fargo & Company 126,813 5,636,838 AT&T Corp. 261,625 5,049,362 JP Morgan Chase & Co. 147,130 5,024,490 Amgen Inc.(1) 77,495 4,554,381 Chevron Corp. 47,532 4,028,337 Schering-Plough Corp. 108,408 4,021,937 Oracle Corp.(1) 311,064 3,913,185 Pharmacia Corporation 96,397 3,909,862 Medtronic Inc. 89,619 3,898,427 Morgan Stanley Dean Witter & Co. 82,501 3,823,921 Viacom Inc. "B"(1) 98,724 3,405,978 Freddie Mac 51,605 3,354,325 WorldCom Inc.(1) 218,879 3,291,940 U.S. Bancorp 145,487 3,226,902 Texas Instruments Inc. 128,453 3,208,756 Wachovia Corp. 102,750 3,185,250 Dell Computer Corp.(1) 166,946 3,093,509 FleetBoston Financial Corp. 80,310 2,951,393 Du Pont (E.I.) de Nemours 77,145 2,894,480 Walt Disney Co. (The) 154,904 2,884,312 Minnesota Mining & Manufacturing Co. 29,170 2,870,328 American Express Co. 98,029 2,848,723 Anheuser-Busch Companies Inc. 65,961 2,762,447 Bank One Corp. 86,454 2,720,707 QUALCOMM Inc.(1) 56,301 2,676,550 Texaco Inc. 40,868 2,656,420 Walgreen Co. 75,375 2,595,161 McDonald's Corp. 95,552 2,593,281 Motorola Inc. 163,144 2,545,046 Merrill Lynch & Co. Inc. 62,031 2,518,459 Comcast Corp. "A"(1) 69,995 2,510,721 Washington Mutual Inc. 64,966 2,499,892 Cardinal Health Inc. 33,193 2,454,622 Kimberly-Clark Corp. 39,277 2,435,174 Liberty Media Corp. "A"(1) 191,701 2,434,603 Baxter International Inc. 43,595 2,399,905 Colgate-Palmolive Co. 41,143 2,396,580 AT&T Wireless Services Inc.(1) 156,796 2,342,532 Ford Motor Company 134,229 2,328,873 Gillette Co. 78,150 2,328,870 Fifth Third Bancorp 36,293 2,231,294 Dow Chemical Co. 66,667 2,184,011 Automatic Data Processing Inc. 46,234 2,174,847 Duke Energy Corp. 57,354 2,170,849 Target Corp. 66,703 2,117,820 Electronic Data Systems Corp. 34,777 2,002,460 Boeing Co. 59,759 2,001,926 Sun Microsystems Inc.(1) 241,357 1,996,022 Allstate Corp. 53,406 1,994,714 Alcoa Inc. 63,591 1,971,957 Marsh & McLennan Companies Inc. 20,381 1,970,843 Household International Inc. 34,209 1,928,703 EMC Corp.(1) 163,449 1,920,526 Bank of New York Co. Inc. 54,557 1,909,495 Hewlett-Packard Co. 117,024 1,884,086 Lowe's Companies Inc. 57,154 1,808,924 General Motors Corp. "A" 40,624 1,742,770 Applied Materials Inc.(1) 60,408 1,718,004 HCA - The Healthcare Company 38,195 1,692,420 First Data Corp. 29,030 1,691,288 Qwest Communications International Inc. 99,772 1,666,192 United Technologies Corp. 34,894 1,622,571 MBNA Corp. 52,952 1,603,916
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Honeywell International Inc. 60,071 $ 1,585,874 El Paso Corp. 37,710 1,566,851 UnitedHealth Group Inc. 23,501 1,562,817 Phillips Petroleum Co. 28,104 1,515,930 Enron Corp. 55,528 1,512,027 Emerson Electric Co. 31,751 1,494,202 Kroger Co./(1)/ 59,586 1,468,199 Lucent Technologies Inc./(2) 252,253 1,445,410 Tenet Healthcare Corp./(1)/ 24,125 1,439,056 Clear Channel Communications Inc./(1)/ 35,855 1,425,236 Safeway Inc./(1)/ 35,426 1,407,121 Sprint Corp. (FON Group)/(2)/ 57,759 1,386,794 Alltel Corp. 23,202 1,344,556 National City Corp. 44,626 1,336,549 General Dynamics Corp. 14,899 1,315,880 Sara Lee Corp. 61,358 1,306,925 Sysco Corp. 49,847 1,273,092 Sprint Corp. (PCS Group)/(1)(2)/ 47,986 1,261,552 International Paper Co. 35,788 1,245,422 Waste Management Inc. 46,282 1,237,581 SunTrust Banks Inc. 18,503 1,232,300 BB&T Corp. 33,719 1,229,058 PNC Financial Services Group 21,398 1,225,036 Southern Co. 50,695 1,215,666 Costco Wholesale Corp./(1)/ 33,420 1,188,415 Gannett Co. Inc. 19,579 1,176,894 Conoco Inc. "B" 46,276 1,172,634 Goldman Sachs Group Inc. (The)/(2)/ 16,271 1,160,936 Lockheed Martin Corp. 26,396 1,154,825 Mellon Financial Corp. 35,422 1,145,193 Caterpillar Inc. 25,423 1,138,950 State Street Corp. 24,097 1,096,414 Heinz (H.J.) Co. 25,846 1,089,409 Dominion Resources Inc. 18,346 1,088,835 Exelon Corp. 23,723 1,058,046 AFLAC Inc. 38,964 1,052,028 Compaq Computer Corp. 125,973 1,046,836 Hartford Financial Services Group Inc. 17,572 1,032,179 American Electric Power Inc. 23,853 1,031,165 Kohls Corp./(1)/ 21,283 1,021,584 Lehman Brothers Holdings Inc. 17,874 1,016,137 Williams Companies Inc. 37,078 1,012,229 USA Education Inc./(2)/ 11,965 992,018 Equity Office Properties Trust 30,615 979,680 CVS Corp. 29,136 967,315 General Mills Inc. 21,088 959,504 Albertson's Inc. 29,984 955,890 Forest Laboratories Inc. "A"/(1)/ 13,058 942,004 Illinois Tool Works Inc. 17,268 934,371 Schwab (Charles) Corp. 80,926 930,649 Chubb Corp. 12,829 916,119 Harley-Davidson Inc./(2)/ 22,511 911,695 Concord EFS Inc./(1)(2)/ 18,610 910,959 CIGNA Corp. 10,934 906,975 Hancock (John) Financial Services Inc. 22,677 905,946 Anadarko Petroleum Corp. 18,648 896,596 ConAgra Foods Inc. 39,794 893,375 Raytheon Co. 25,601 889,635 United Parcel Service Inc. 17,109 889,326 Omnicom Group Inc. 13,702 889,260 TXU Corporation 19,022 881,099 Guidant Corp./(1)/ 22,739 875,451 Computer Associates International Inc. 33,833 870,861 General Motors Corp. "H"/(1)/ 64,875 864,784 Union Pacific Corp. 18,376 861,834 McGraw-Hill Companies Inc. 14,456 841,339 Southwest Airlines Co. 56,420 837,273 Analog Devices Inc./(1)/ 25,336 828,487 FedEx Corp./(1)/ 22,109 812,506 Cendant Corp./(1)(2)/ 63,462 812,314 Maxim Integrated Products Inc./(1)/ 22,882 799,497 McKesson HBOC Inc. 21,105 797,558 Weyerhaeuser Co. 15,955 777,168 Burlington Northern Santa Fe Corp. 29,039 776,793 Linear Technology Corp. 23,543 772,210 Avon Products Inc./(2)/ 16,633 769,276 Northern Trust Corp. 14,627 767,625 KeyCorp 31,463 759,517 Micron Technology Inc./(1)/ 40,053 754,198 Sears, Roebuck and Co. 21,714 752,173 Paychex Inc. 23,510 740,800 Comerica Inc. 13,270 735,158 AON Corp. 17,174 721,308 Baker Hughes Inc. 24,864 719,813 Halliburton Co. 31,788 716,819 Genentech Inc./(1)/ 16,268 715,792 Capital One Financial Corp. 15,548 715,674 Xcel Energy Inc. 25,419 715,545 Becton Dickinson & Co. 19,037 704,369 FPL Group Inc. 13,037 698,131
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Eastman Kodak Co. 21,442 $ 697,508 Masco Corp. 34,088 696,759 Pitney Bowes Inc. 18,237 696,653 Progress Energy Inc. 16,075 691,064 TJX Companies Inc. 20,616 678,266 Occidental Petroleum Corp. 27,559 670,786 Agilent Technologies Inc./(1)/ 33,855 661,865 MetLife Inc./(2)/ 22,116 656,845 Public Service Enterprise Group Inc. 15,422 656,206 Ralston Purina Group 20,000 656,000 Genzyme Corp. - General Division/(1)/ 14,415 654,729 Deere & Co. 17,386 653,887 Air Products & Chemicals Inc. 16,867 650,729 Allergan Inc. 9,797 649,541 Lincoln National Corp. 13,911 648,670 SouthTrust Corp. 25,444 648,059 St. Paul Companies Inc. 15,665 645,711 May Department Stores Co. 22,140 642,503 Consolidated Edison Inc./(2)/ 15,734 640,688 Progressive Corporation 4,726 632,811 VeriSign Inc./(1)(2)/ 14,995 628,291 Corning Inc. 69,728 615,001 Dynegy Inc. "A" 17,705 613,478 Northrop Grumman Corp. 6,069 612,969 USX-Marathon Group Inc. 22,880 612,040 Biogen Inc./(1)/ 11,002 611,491 FirstEnergy Corp. 16,589 596,375 Wrigley (William Jr.) Co. 11,565 593,285 Cox Communications Inc. "A"/(1)(2)/ 14,143 590,470 Unocal Corp. 17,970 584,025 Biomet Inc. 19,828 579,969 Equity Residential Properties Trust 9,895 577,868 PPG Industries Inc. 12,489 571,372 Interpublic Group of Companies Inc. 27,788 566,875 MedImmune Inc./(1)/ 15,763 561,636 Best Buy Co. Inc./(1)/ 12,221 555,444 Xilinx Inc./(1)/ 23,449 551,755 Mirant Corp./(1)/ 25,145 550,675 MBIA Inc. 10,978 548,900 Golden West Financial Corp. 9,436 548,232 IMS Health Inc. 21,842 547,142 King Pharmaceuticals Inc./(1)/ 13,033 546,734 Archer-Daniels-Midland Co. 43,241 544,404 Bed Bath & Beyond Inc./(1)/ 21,382 544,386 Veritas Software Corp./(1)/ 29,435 542,781 Gap Inc. (The) 45,043 538,264 Solectron Corp./(1)(2)/ 46,109 537,170 Burlington Resources Inc. 15,692 536,823 Kellogg Co. 17,843 535,290 JDS Uniphase Corp./(1)/ 83,784 529,515 DTE Energy Co. 12,291 529,128 Block (H & R) Inc. 13,685 527,694 Stryker Corp. 9,954 526,567 AmerisourceBergen Corp./(1)(2)/ 7,261 515,168 Calpine Corp./(1)(2)/ 22,505 513,339 Reliant Energy Inc. 19,448 511,871 Wellpoint Health Networks Inc./(1)/ 4,629 505,255 Entergy Corp. 14,166 503,743 Jefferson-Pilot Corp. 11,300 502,624 Synovus Financial Corp. 18,195 502,182 Mattel Inc./(1)/ 31,860 498,928 CSX Corp. 15,802 497,763 Praxair Inc. 11,838 497,196 AmSouth Bancorp 27,452 496,058 Delphi Automotive Systems Corp. 41,622 489,058 Regions Financial Corp. 16,851 486,320 Georgia-Pacific Corp. 16,852 485,169 SunGard Data Systems Inc./(1)/ 20,586 481,095 eBay Inc./(1)(2)/ 10,510 480,832 Boston Scientific Corp./(1)/ 23,280 477,240 Marriott International Inc. "A" 14,205 474,447 Fiserv Inc./(1)/ 13,854 473,807 Clorox Co. 12,796 473,452 Loews Corp. 10,225 473,213 Healthsouth Corp./(1)/ 28,867 469,377 Charter One Financial Inc. 16,620 469,011 New York Times Co. "A" 11,790 460,164 Norfolk Southern Corp. 28,514 459,646 M&T Bank Corp. 6,187 457,838 Intuit Inc./(1)/ 12,776 457,381 MGIC Investment Corp. 6,977 455,877 Hershey Foods Corp. 6,955 454,648 Campbell Soup Co. 16,228 454,384 Dover Corp. 15,043 452,945 Staples Inc./(1)/ 33,868 451,122 Marshall & Ilsley Corp. 7,935 449,835 Franklin Resources Inc. 12,818 444,400 Tribune Co. 14,077 442,018 Altera Corp./(1)/ 26,966 441,703 Immunex Corp./(1)(2)/ 23,567 440,232
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- PG&E Corp. 28,748 $ 436,970 KLA-Tencor Corp./(1)(2)/ 13,798 435,741 Union Planters Corp. 10,156 435,692 St. Jude Medical Inc./(1)/ 6,361 435,410 Moody's Corp. 11,682 432,234 Kerr-McGee Corp. 8,284 430,022 Watson Pharmaceuticals Inc./(1)/ 7,828 428,270 Tricon Global Restaurants Inc./(1)/ 10,895 427,302 Penney (J.C.) Company Inc. 19,490 426,831 Newell Rubbermaid Inc./(2)/ 18,773 426,335 Providian Financial Corp. 21,143 426,031 Lexmark International Group Inc. "A"/(1)/ 9,519 425,594 Electronic Arts Inc./(1)/ 9,317 425,507 Adobe Systems Inc. 17,712 424,734 R.J. Reynolds Tobacco Holdings Inc. 7,388 422,150 Starbucks Corp./(1)(2)/ 28,119 420,098 Johnson Controls Inc. 6,432 419,624 Cincinnati Financial Corp. 10,062 418,780 Xerox Corp. 52,849 409,580 IDEC Pharmaceuticals Corp./(1)(2)/ 8,252 409,052 Genuine Parts Co. 12,756 406,406 AES Corp./(1)/ 31,594 405,035 Apple Computer Inc./(1)/ 25,867 401,197 UST Inc. 12,084 401,189 Apache Corp. 9,300 399,900 UNUMProvident Corp. 15,833 399,783 Zimmer Holdings Inc./(1)/ 14,397 399,517 National Commerce Financial Corp. 15,234 397,607 Ingersoll-Rand Co. 11,712 395,866 Gilead Sciences Inc./(1)/ 7,004 393,415 Computer Sciences Corp./(1)/ 11,831 392,434 Ameren Corp./(2)/ 10,163 390,259 Countrywide Credit Industries Inc. 8,780 385,705 Applera Corp. - Applied Biosystems Group 15,662 382,153 Fortune Brands Inc. 11,388 381,498 Federated Department Stores Inc./(1)/ 13,416 378,331 Sempra Energy 15,254 377,537 Rohm & Haas Co. "A" 11,512 377,133 Health Management Associates Inc. "A"/(1)/ 18,158 376,960 EchoStar Communications Corp./(1)/ 15,829 368,341 Ambac Financial Group Inc. 6,717 367,487 Cinergy Corp. 11,774 363,463 Zions Bancorp 6,764 362,956 Torchmark Corp. 9,303 362,817 Siebel Systems Inc./(1)/ 27,558 358,530 Telephone & Data Systems Inc. 3,784 356,831 North Fork Bancorp 11,993 356,672 NiSource Inc. 15,289 356,387 PPL Corp. 10,862 354,101 Convergys Corp./(1)/ 12,724 353,091 First Tennessee National Corp. 9,528 352,536 CenturyTel Inc. 10,441 349,773 PeopleSoft Inc./(1)/ 19,223 346,783 Waters Corp./(1)/ 9,657 345,431 Cintas Corp. 8,531 343,799 Ecolab Inc. 9,436 342,810 Avery Dennison Corp. 7,230 342,051 Newmont Mining Corp. 14,473 341,563 Allegheny Energy Inc. 9,256 339,695 KeySpan Corp. 10,170 338,051 GPU Inc. 8,352 337,087 Danaher Corp./(2)/ 7,117 335,780 RadioShack Corp. 13,801 334,674 Willamette Industries Inc./(2)/ 7,419 333,781 Nextel Communications Inc. "A"/(1)(2)/ 38,540 332,986 AutoZone Inc./(1)/ 6,327 328,118 Amerada Hess Corp. 5,111 324,548 Starwood Hotels & Resorts Worldwide Inc. 14,719 323,818 Express Scripts Inc. "A"/(1)/ 5,812 322,566 Huntington Bancshares Inc. 18,614 322,208 Sanmina Corp./(1)/ 23,700 321,846 Edison International 24,204 318,525 Stilwell Financial Inc. 16,256 316,992 Popular Inc. 10,100 315,120 Quest Diagnostics Inc./(1)/ 5,093 314,238 Knight Ridder Inc. 5,582 311,755 Bear Stearns Companies Inc. 6,218 310,962 Mylan Laboratories Inc. 9,441 307,965 Cadence Design Systems Inc./(1)/ 18,426 306,793 Pepsi Bottling Group Inc. 6,608 304,431 Kinder Morgan Inc. 6,159 303,084 Family Dollar Stores Inc. 11,007 302,913 Aetna Inc./(1)/ 10,472 302,536 Eaton Corp. 5,100 301,971 Vulcan Materials Co. 6,968 301,018 Devon Energy Corp. 8,744 300,794 Parker Hannifin Corp. 8,720 299,096 Office Depot Inc./(1)/ 21,983 298,969 Tellabs Inc./(1)/ 30,258 298,949 Textron Inc. 8,892 298,860
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- LSI Logic Corp./(1)/ 25,384 $ 298,262 Constellation Energy Group Inc. 12,195 295,119 Molex Inc. 10,386 291,950 Human Genome Sciences Inc./(1)/ 9,420 291,172 SAFECO Corp. 9,527 288,954 Novellus Systems Inc./(1)/ 10,109 288,713 National Semiconductor Corp./(1)/ 13,016 287,003 Chiron Corp./(1)/ 6,461 286,675 Millennium Pharmaceuticals Inc./(1)/ 16,110 286,114 Broadcom Corp. "A"/(1)/ 14,066 285,540 Caremark Rx Inc./(1)/ 17,096 285,161 Leggett & Platt Inc. 14,602 284,739 Laboratory Corp. of America Holdings/(1)/ 3,514 284,107 Univision Communications Inc./(1)(2)/ 12,318 282,698 Andrx Group/(1)(2)/ 4,313 280,000 Gemstar-TV Guide International Inc./(1)/ 14,143 278,759 Citrix Systems Inc./(1)(2)/ 13,845 274,131 TECO Energy Inc. 10,069 272,870 Apollo Group Inc. "A"/(1)(2)/ 6,457 271,388 TCF Financial Corp. 5,835 268,760 Cooper Industries Inc. 6,473 268,435 Cablevision Systems Corp.(1) 6,488 265,619 Sabre Holdings Corp./(1)/ 9,851 263,416 Microchip Technology Inc./(1)/ 9,790 262,372 Nike Inc. "B" 5,572 260,825 Broadwing Inc./(1)/ 16,205 260,576 ITT Industries Inc. 5,793 259,526 Ultramar Diamond Shamrock Corp. 5,403 259,020 Comverse Technology Inc./(1)/ 12,628 258,621 IVAX Corporation/(1)(2)/ 11,660 258,502 BJ's Wholesale Club Inc./(1)/ 5,385 256,380 Estee Lauder Companies Inc. "A" 7,677 254,493 Kmart Corp./(1)/ 36,304 253,765 Imclone Systems Inc./(1)(2)/ 4,482 253,457 Sigma-Aldrich Corp. 5,606 253,391 Toys R Us Inc./(1)/ 14,645 252,333 Simon Property Group Inc. 9,376 252,308 Teradyne Inc./(1)/ 12,899 251,531 Invitrogen Corp./(1)(2)/ 3,822 251,335 Pinnacle West Capital Corp. 6,325 251,103 Ciena Corp./(1)/ 24,210 249,121 Servicemaster Co. 22,193 246,120 Coca-Cola Enterprises Inc. 16,032 245,931 Compass Bancshares Inc. 9,424 245,307 American Standard Companies Inc./(1)/ 4,457 245,135 Dime Bancorp Inc. 6,223 244,688 Thermo Electron Corp./(1)/ 13,418 242,195 Limited Inc. 25,317 240,512 Delta Air Lines Inc. 9,110 240,048 Noble Drilling Corp./(1)/ 9,927 238,248 International Game Technology Inc./(1)/ 5,592 237,660 Utilicorp United Inc. 8,469 237,217 SPX Corp./(1)(2)/ 2,858 236,928 Harrah's Entertainment Inc./(1)/ 8,731 235,824 Archstone Communities Trust/(2)/ 8,992 234,691 McCormick & Co. Inc. 5,095 233,351 Tiffany & Co. 10,764 233,041 Equifax Inc. 10,621 232,600 Affiliated Computer Services Inc. "A"/(1)(2)/ 2,853 232,263 PACCAR Inc. 4,727 231,954 Dollar General Corp. 19,788 231,520 Old Republic International Corp. 8,788 230,333 Darden Restaurants Inc. 8,758 229,897 Radian Group Inc. 5,948 228,998 TRW Inc. 7,678 228,958 Robert Half International Inc./(1)/ 11,432 228,754 DPL Inc. 9,375 228,000 Cytyc Corp./(1)(2)/ 8,499 227,858 T Rowe Price Group Inc. 7,770 227,661 Banknorth Group Inc. 10,193 227,508 Whirlpool Corp. 4,097 226,769 Duke-Weeks Realty Corp. 9,557 226,405 Fluor Corp. 5,873 226,110 Sealed Air Corp./(1)(2)/ 6,189 225,837 Nucor Corp. 5,688 225,814 American Water Works Inc. 5,688 224,676 EOG Resources Inc. 7,748 224,150 Public Storage Inc. 6,697 223,680 Engelhard Corp. 9,676 223,516 Brocade Communications System Inc./(1)/ 15,929 223,484 Greenpoint Financial Corp. 6,340 222,534 Apartment Investment & Management Co. "A" 4,865 220,190 BMC Software Inc./(1)/ 17,320 219,964 Yahoo! Inc./(1)/ 24,791 218,409 AMR Corp./(1)/ 11,403 218,253 Donnelley (R.R.) & Sons Co. 8,047 217,671 Stanley Works (The) 5,954 217,619 BJ Services Co./(1)/ 12,207 217,163 Grainger (W.W.) Inc. 5,584 216,938 DST Systems Inc./(1)/ 5,009 216,639
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Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Georgia-Pacific (Timber Group) 5,955 $ 215,690 Sherwin-Williams Co. 9,700 215,534 AvalonBay Communities Inc. 4,512 215,448 AdvancePCS/(1)/ 3,000 215,340 BEA Systems Inc./(1)/ 22,440 215,200 Bisys Group Inc./(1)(2)/ 4,031 213,724 Manor Care Inc./(1)/ 7,561 212,464 Rite Aid Corp./(1)(2)/ 27,512 212,393 Intersil Holding Corp./(1)/ 7,544 210,628 Jones Apparel Group Inc./(1)/ 8,248 210,242 NVIDIA Corp./(1)(2)/ 7,651 210,173 Scientific-Atlanta Inc. 11,959 209,880 Mercantile Bankshares Corp. 5,284 209,775 Sunoco Inc. 5,890 209,684 Avaya Inc./(1)/ 21,041 208,306 Sepracor Inc./(1)(2)/ 5,784 207,646 Edwards (A.G.) Inc. 5,911 207,535 Gallagher (Arthur J.) & Co. 6,130 207,500 Advanced Micro Devices Inc./(1)/ 25,424 207,206 Oxford Health Plans Inc./(1)(2)/ 7,291 207,064 Eastman Chemical Co. 5,690 206,547 Ocean Energy Inc. 12,605 205,462 Compuware Corp./(1)/ 24,648 205,318 Republic Services Inc. "A"/(1)/ 12,629 204,590 Mead Corp. 7,391 204,583 ADC Telecommunications Inc./(1)/ 58,560 204,374 PMI Group Inc. (The) 3,272 204,140 Unisys Corp.(1) 23,471 203,259 Astoria Financial Corp. 3,415 202,373 Diebold Inc. 5,310 202,311 Nabors Industries Inc./(1)/ 9,628 201,899 Citizen Communications Co./(1)(2)/ 21,373 200,906 Boston Properties Inc. 5,261 200,602 Atmel Corp./(1)(2)/ 29,994 200,360 NCR Corp./(1)/ 6,736 199,722 Weatherford International Inc./(1)/ 7,799 198,952 Ashland Inc. 5,155 198,725 Northeast Utilities 10,596 198,463 Kimco Realty Corp./(2)/ 4,078 197,987 SCANA Corp. 7,757 196,873 Jabil Circuit Inc./(1)(2)/ 10,990 196,721 CMS Energy Corp. 9,798 195,960 Prologis Trust 9,254 195,259 Cabot Corp. 4,833 192,837 Hilton Hotels Corp. 24,545 192,678 Murphy Oil Corp. 2,652 191,899 Hibernia Corp. "A" 11,725 191,704 ChoicePoint Inc./(1)/ 4,592 191,211 Vornado Realty Trust 4,812 191,036 VF Corp. 6,498 190,196 SUPERVALU Inc. 9,332 188,786 Legg Mason Inc. 4,745 188,661 First Health Group Corp./(1)/ 6,420 188,620 Symantec Corp./(1)/ 5,424 188,050 Goodyear Tire & Rubber Co. 10,190 187,802 Niagara Mohawk Holdings Inc./(1)/ 11,026 187,111 PerkinElmer Inc. 7,127 187,012 SCI Systems Inc./(1)/ 10,387 186,966 Apogent Technologies Inc./(1)/ 7,811 186,683 Wisconsin Energy Corp. 8,274 186,165 Black & Decker Corp. 5,960 185,952 Fidelity National Financial Inc. 6,915 185,944 Triad Hospitals Inc./(1)/ 5,251 185,885 Millipore Corp. 3,501 185,343 Agere Systems Inc./(1)/ 44,401 183,376 Alliant Energy Corp./(2)/ 5,857 183,324 Hillenbrand Industries Inc. 3,389 182,904 Lincare Holdings Inc./(1)/ 6,883 182,881 Wendy's International Inc. 6,850 182,553 Synopsys Inc./(1)/ 4,524 181,457 Homestake Mining Company 19,507 181,415 Deluxe Corp. 5,252 181,404 Beckman Coulter Inc. 4,091 181,027 Juniper Networks Inc./(1)/ 18,602 180,439 Bard (C.R.) Inc. 3,491 179,472 Commerce Bancshares Inc. 4,721 177,604 Newport News Shipbuilding Inc. 2,630 176,736 Trigon Healthcare Inc./(1)/ 2,692 176,326 Symbol Technologies Inc. 16,787 176,096 Allmerica Financial Corp. 3,924 175,991 Fox Entertainment Group Inc. "A"/(1)/ 9,165 175,051 Brinker International Inc./(1)/ 7,405 174,906 Circuit City Stores Inc. 14,490 173,880 American Tower Corp./(1)(2)/ 12,513 173,806 Federated Investors Inc. "B" 5,866 173,634 Energy East Corp. 8,621 173,368 Sovereign Bancorp Inc. 18,237 173,252 Brown-Forman Corp. "B" 2,740 173,113 Valley National Bancorp 5,804 172,669 Global Marine Inc./(1)/ 12,304 172,256
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 17 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- AmeriCredit Corp./(1)(2)/ 5,431 $ 171,728 Ross Stores Inc. 5,853 171,200 Dana Corp./(2)/ 10,959 170,960 Pactiv Corp./(1)/ 11,759 170,388 Heller Financial Inc. "A" 3,225 170,183 Rockwell International Corp. 11,533 169,304 Smurfit-Stone Container Corp./(1)/ 12,754 168,735 TMP Worldwide Inc./(1)(2)/ 5,936 168,523 AutoNation Inc./(1)/ 19,165 168,460 Universal Health Services Inc. "B"/(1)/ 3,431 167,433 Dun & Bradstreet Corp./(1)/ 5,938 166,264 Associated Bancorp 4,887 165,620 Expeditors International Washington Inc. 3,496 165,536 Sonoco Products Co. 7,034 165,299 NSTAR 3,941 165,128 Westvaco Corp. 6,405 164,609 Pall Corp. 8,462 164,586 Temple-Inland Inc. 3,465 164,553 Potomac Electric Power Co. 7,486 164,393 Cephalon Inc./(1)(2)/ 3,295 164,355 Rockwell Collins 11,547 163,967 Smithfield Foods Inc./(1)/ 7,779 163,748 SEI Investment Co. 5,115 163,680 International Flavors & Fragrances Inc. 5,907 163,565 Vishay Intertechnology Inc./(1)/ 8,879 163,374 Golden State Bancorp Inc. 5,374 163,370 IBP Inc. 6,904 163,280 First Virginia Banks Inc. 3,528 161,582 RF Micro Devices Inc./(1)(2)/ 9,699 161,003 ICOS Corp./(1)(2)/ 3,267 160,769 Phelps Dodge Corp. 5,838 160,545 Openwave Systems Inc./(1)/ 12,528 159,732 iStar Financial Inc. 6,461 159,587 ICN Pharmaceuticals Inc. 6,055 159,549 Valero Energy Corp./(2)/ 4,538 159,284 Enzon Inc./(1)(2)/ 3,120 159,120 Venator Group Inc./(1)/ 10,405 158,676 Avnet Inc. 8,723 158,671 Peregrine Systems Inc./(1)/ 12,510 158,001 Dow Jones & Co. Inc./(2)/ 3,473 157,778 Integrated Device Technology Inc./(1)/ 7,816 157,258 Varian Medical Systems Inc./(1)/ 2,443 156,718 Dentsply International Inc. 3,409 156,609 Conseco Inc./(1)(2)/ 21,415 155,473 ALLETE 6,049 155,096 Lam Research Corp./(1)/ 9,147 155,042 Conectiv Inc. 6,589 154,841 Harris Corp. 4,866 154,836 USA Networks Inc./(1)/ 8,602 154,664 Bowater Inc. 3,499 154,026 Allied Capital Corp. 6,756 153,699 Liberty Property Trust 5,354 153,606 Conexant Systems Inc./(1)/ 18,414 152,836 TriQuint Semiconductor Inc./(1)(2)/ 9,555 152,784 Protein Design Labs Inc./(1)(2)/ 3,231 152,600 Arrow Electronics Inc./(1)(2)/ 7,296 152,195 DeVry Inc./(1)/ 4,230 151,857 Humana Inc./(1)/ 12,586 151,787 Western Wireless Corp. "A"(1) 4,464 150,794 Centex Corp. 4,455 150,267 Polycom Inc./(1)(2)/ 6,147 149,802 ENSCO International Inc. 10,226 149,504 Manpower Inc. 5,614 147,817 Applied Micro Circuits Corp./(1)/ 21,123 147,650 Bemis Co. 3,698 147,365 Celgene Corp./(1)/ 5,572 147,268 Hasbro Inc./(2)/ 10,493 146,902 Health Care Property Investors Inc. 3,807 146,379 Park Place Entertainment Corp./(1)/ 19,943 146,182 Equitable Resources Inc. 4,848 145,488 Network Appliance Inc./(1)/ 21,358 145,234 Liz Claiborne Inc. 3,825 144,203 Tech Data Corp./(1)/ 3,765 142,694 New York Community Bancorp 6,124 142,138 Neuberger Berman Inc. 4,068 141,892 CSG Systems International Inc./(1)/ 3,459 141,819 Commerce Bancorp Inc. 2,079 141,372 Crescent Real Estate Equities Co. 6,588 141,313 American Power Conversion Corp./(1)/ 12,083 141,129 Scripps (E.W.) Company 2,316 141,068 Readers Digest Association Inc. (The) "A" 7,658 140,831 L-3 Communications Holdings Inc./(1)(2)/ 1,609 140,707 CH Robinson Worldwide Inc. 4,840 140,166 Waddell & Reed Financial Inc. "A" 5,369 139,594 Goodrich (B.F.) Co. 7,128 138,853 Maytag Corp. 5,634 138,822 Sensormatic Electronics Corp./(1)/ 5,881 138,674 Pacific Century Financial Corp. 5,915 138,234 Certegy Inc./(1)(2)/ 5,310 137,848 Lennar Corp. 3,817 137,565
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Fulton Financial Corp. 6,145 $ 137,341 Puget Energy Inc. 6,388 137,278 Protective Life Corp. 4,723 136,967 FirstMerit Corp. 5,834 136,924 Martin Marietta Materials Inc. 3,499 136,846 Ceridian Corp./(1)/ 9,428 136,706 Smith International Inc./(1)/ 3,745 136,318 Investors Financial Services Corp. 2,360 136,030 Washington Post Company (The) "B" 261 135,668 Dollar Tree Stores Inc./(1)/ 7,207 135,131 National Fuel Gas Co. 5,864 135,048 Eaton Vance Corp. 4,300 134,805 Outback Steakhouse Inc./(1)/ 5,251 134,478 Alliant Techsystems Inc./(1)/ 1,564 133,878 Omnicare Inc. 6,116 133,512 UnionBanCal Corporation 3,942 133,397 WorldCom Inc.- MCI Group/(2)/ 8,751 133,278 General Growth Properties Inc. 3,822 132,891 Gentex Corp./(1)/ 5,538 132,303 Transatlantic Holdings Inc. 1,558 131,589 Patterson Dental Co./(1)/ 3,559 131,185 Unitrin Inc. 3,431 131,133 Rational Software Corp./(1)/ 15,137 131,086 NICOR Inc. 3,381 131,014 Investment Technology Group Inc./(1)/ 2,358 130,845 Hormel Foods Corp. 5,536 130,760 Network Associates Inc./(1)(2)/ 10,129 130,563 Lamar Advertising Co./(1)/ 4,302 130,437 Noble Affiliates Inc. 4,205 130,313 Cypress Semiconductor Corp./(1)(2)/ 8,752 130,055 Catellus Development Corp./(1)/ 7,440 130,051 BancWest Corporation 3,717 129,835 CarrAmerica Realty Corp. 4,327 129,637 Semtech Corp./(1)(2)/ 4,561 129,441 Health Net Inc./(1)/ 6,724 129,235 Abgenix Inc./(1)/ 5,689 129,140 AMB Property Corp. 5,256 128,772 QLogic Corp./(1)(2)/ 6,765 128,535 Autodesk Inc. 3,994 128,048 Roslyn Bancorp Inc. 6,862 127,016 Crown Castle International Corp./(1)/ 14,092 126,828 Service Corp. International/(1)(2)/ 21,059 126,775 Allied Waste Industries Inc./(1)/ 9,942 126,760 OGE Energy Corp./(2)/ 5,789 126,605 Valassis Communications Inc./(1)/ 3,963 126,459 LifePoint Hospitals Inc./(1)(2)/ 2,863 125,972 International Rectifier Corp./(1)(2)/ 4,622 125,857 DaVita Inc./(1)/ 6,151 125,173 Cooper Cameron Corp./(1)/ 3,794 124,443 PMC - Sierra Inc./(1)(2)/ 12,094 124,205 Visteon Corp. 9,687 123,509 Ball Corp. 2,057 123,214 Barnes & Noble Inc./(1)(2)/ 3,413 123,209 Navistar International Corp./(1)/ 4,351 122,916 IndyMac Bancorp Inc./(1)/ 4,525 122,673 MONY Group Inc. 3,702 122,610 Dean Foods Co. 2,642 122,192 Sky Financial Group Inc. 6,135 122,087 Fastenal Co./(2)/ 2,136 121,709 Webster Financial Corp. 3,664 120,765 Lear Corp./(1)/ 4,455 120,374 XTO Energy Inc./(2)/ 8,611 120,123 Kansas City Power & Light Co./(2)/ 4,602 120,066 Host Marriott Corp./(2)/ 16,997 119,829 Lubrizol Corp. 3,783 119,543 City National Corp. 2,762 119,180 Abercrombie & Fitch Co. "A"/(1)/ 6,759 118,891 Valspar Corp. 3,552 118,779 ResMed Inc./(1)(2)/ 2,333 118,516 Viad Corp. 6,169 118,321 E*trade Group Inc./(1)(2)/ 19,482 117,866 MDU Resources Group Inc. 5,039 117,761 Wilmington Trust Corp. 2,133 117,742 Fairchild Semiconductor Corp. "A"/(1)/ 7,294 117,069 Quintiles Transnational Corp./(1)/ 8,015 117,019 CDW Computer Centers Inc./(1)/ 3,211 116,174 Dial Corp. 7,017 116,131 Medicis Pharmaceutical Corp. "A"/(1)/ 2,316 115,754 Old National Bancorp 4,448 115,648 Tektronix Inc./(1)/ 6,607 115,556 Suiza Foods Corp./(1)(2)/ 1,818 114,789 Autoliv Inc. 7,240 113,958 Energizer Holdings Inc./(1)/ 6,856 113,947 Westwood One Inc./(1)/ 5,115 113,809 Hanover Compressor Co./(1)(2)/ 5,257 113,761 Borders Group Inc./(1)/ 5,915 113,272 Coventry Health Care Inc./(1)/ 4,798 113,233 Hispanic Broadcasting Corp./(1)/ 7,033 113,231 Tidewater Inc. 4,242 113,219 Questar Corp. 5,610 113,210
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 19 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Adelphia Communications Corp. "A"/(1)(2)/ 5,099 $ 113,198 Iron Mountain Inc./(1)/ 2,724 112,910 Vectren Corporation 5,026 112,532 Bausch & Lomb Inc. 3,975 112,492 StanCorp Financial Group Inc. 2,323 112,433 Nordstrom Inc. 7,771 112,291 Whole Foods Market Inc./(1)(2)/ 3,555 111,663 Citizens Banking Corp. 3,450 110,676 Barr Laboratories Inc./(1)(2)/ 1,396 110,368 New Plan Excel Realty Trust 6,453 110,346 Charles River Laboratories International Inc./(1)/ 3,118 110,284 Galileo International Inc. 5,312 110,277 Hospitality Properties Trust 4,571 110,070 Andrew Corp./(1)/ 6,048 109,953 Arden Realty Inc. 4,281 109,465 Sierra Pacific Resources Corp. 7,229 109,158 Renal Care Group Inc./(1)/ 3,521 108,341 Herman Miller Inc. 5,558 108,214 Mohawk Industries Inc./(1)(2)/ 2,943 108,155 Jack Henry & Associates Inc. 4,766 108,141 MGM Grand Inc./(1)(2)/ 4,805 108,016 Boise Cascade Corp. 3,646 107,557 Vitesse Semiconductor Corp./(1)(2)/ 13,861 107,423 Applera Corp. - Celera Genomics Group/(1)/ 4,455 107,365 United Dominion Realty Trust 7,500 107,100 Washington Federal Inc. 4,272 107,014 Post Properties Inc. 2,884 106,939 Brunswick Corp. 6,476 106,660 AmerUs Group Co. 3,023 106,410 Doral Financial Corp. 2,739 106,273 Pulte Corp./(2)/ 3,463 106,141 Amphenol Corp. "A"/(1)(2)/ 3,026 105,153 Colonial BancGroup Inc. 8,213 105,126 Alberto-Culver Co. "B" 2,700 105,003 KEMET Corp./(1)/ 6,377 104,965 Peoples Energy Corp. 2,630 104,569 BRE Properties Inc. "A" 3,471 103,956 Hubbell Inc. "B" 3,562 103,868 Lattice Semiconductor Corp./(1)/ 6,606 103,714 Pioneer Natural Resources Co./(1)/ 7,267 103,409 Rouse Co. 4,265 103,085 Lee Enterprises Inc. 3,245 102,769 Diamond Offshore Drilling Inc./(2)/ 4,071 102,671 Cullen/Frost Bankers Inc. 3,806 102,572 Pride International Inc./(1)/ 9,852 102,461 Parametric Technology Corp./(1)/ 19,702 102,253 Constellation Brands Inc./(1)/ 2,449 102,025 Charter Communications Inc./(1)(2)/ 8,239 101,999 Fisher Scientific International Inc./(1)(2)/ 4,012 101,905 Mercury Interactive Corp./(1)/ 5,348 101,826 GATX Corporation 3,026 101,795 Weingarten Realty Investors 2,093 101,720 First American Corp. 5,008 101,412 Jacobs Engineering Group Inc./(1)(2)/ 1,624 101,338 First Midwest Bancorp Inc. 2,996 101,205 Markel Corp./(1)/ 519 101,205 Plum Creek Timber Co. Inc./(2)/ 3,743 99,976 Quantum DLT & Storage Group/(1)/ 12,247 99,936 Pentair Inc. 3,234 99,510 Highwoods Properties Inc. 4,006 99,149 Security Capital Group "B"/(1)/ 5,289 98,957 Amkor Technology Inc./(1)(2)/ 9,386 98,741 Mack-Cali Realty Corp. 3,180 98,580 IDACorp Inc. 2,755 98,519 OM Group Inc. 1,788 98,340 Camden Property Trust 2,647 98,204 Helmerich & Payne Inc. 3,748 97,823 Vertex Pharmaceuticals Inc./(1)(2)/ 5,422 97,813 HON Industries Inc. 4,452 97,766 Mettler Toledo International Inc./(1)/ 2,316 97,596 HCC Insurance Holdings Inc. 3,710 97,573 Edwards Lifesciences Corp./(1)/ 4,345 97,328 Storage Technology Corp./(1)/ 7,711 96,773 RGS Energy Group Inc. 2,494 96,518 Hudson United Bancorp 3,477 96,452 Snap-On Inc. 4,308 96,198 Henry Schein Inc./(1)/ 2,486 95,960 Novell Inc./(1)/ 26,209 95,925 Micrel Inc./(1)/ 4,810 95,911 Solutia Inc. 7,685 95,294 Bancorp South Inc. 6,182 95,203 3Com Corp./(1)/ 25,273 94,774 Independence Community Bank Corp. 4,353 94,591 Steris Corp./(1)/ 4,808 94,525 Triton PCS Holdings Inc. "A"/(1)/ 2,485 94,430 Reynolds & Reynolds Co. "A" 4,048 94,318 Pogo Producing Co. 3,975 93,413 Affiliated Managers Group Inc./(1)/ 1,643 93,339 WGL Holdings Inc. 3,471 93,335
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Belo (A.H.) Corp. 5,786 $ 92,807 PepsiAmericas Inc. 6,205 92,765 Monsanto Company 2,750 92,758 Teleflex Inc. 2,480 92,727 Commercial Federal Corp. 3,814 92,566 Hawaiian Electric Industries Inc. 2,373 92,547 Alkermes Inc./(1)/ 4,724 92,496 USX-U.S. Steel Group Inc. 6,593 92,170 Meredith Corp. 2,868 92,149 Fleming Companies Inc./(2)/ 3,111 91,774 Cerner Corp./(1)/ 1,844 91,278 Enterasys Networks Inc./(1)/ 13,972 90,119 Payless Shoesource Inc./(1)(2)/ 1,643 90,036 CBRL Group Inc. 4,097 90,011 KPMG Consulting Inc./(1)/ 8,326 90,004 Scholastic Corp./(1)/ 2,063 89,741 Westamerica Bancorp 2,488 89,692 Lyondell Chemical Co. 7,825 89,596 Krispy Kreme Doughnuts Inc./(1)(2)/ 3,018 89,333 Techne Corp./(1)/ 3,020 88,879 Advanced Fibre Communications Inc./(1)/ 6,057 88,493 Clayton Homes Inc. 7,243 88,365 First Industrial Realty Trust 2,937 88,110 National-Oilwell Inc./(1)/ 6,053 87,769 COR Therapeutics Inc./(1)(2)/ 3,827 86,605 Michaels Stores Inc./(1)/ 2,369 86,563 Cabot Microelectronics Corp./(1)(2)/ 1,791 86,523 Rowan Companies Inc./(1)/ 6,982 86,437 Philadelphia Suburban Corp. 3,283 86,212 Community Health Systems Inc./(1)/ 2,893 86,038 Crane Co. 3,914 85,795 Province Healthcare Co./(1)/ 2,332 85,678 Western Resources Inc. 5,165 85,481 Coach Inc./(1)/ 3,220 85,362 Shaw Group Inc./(1)(2)/ 3,027 85,271 D.R. Horton Inc. 4,086 85,234 Macrovision Corp./(1)/ 2,999 85,202 National Data Corp./(2)/ 2,363 85,068 Donaldson Co. Inc. 2,938 84,673 Newfield Exploration Co./(1)/ 2,894 84,505 Career Education Corp./(1)/ 1,536 84,480 OSI Pharmaceuticals Inc./(1)(2)/ 2,593 84,273 Precision Castparts Corp. 3,785 84,027 Advent Software Inc./(1)/ 2,226 83,809 Level 3 Communications Inc./(1)(2)/ 22,125 83,633 Pharmaceutical Product Development Inc./(1)/ 2,852 83,535 Smith (Charles E) Residential Realty Inc. 1,620 83,430 Whitney Holding Corp. 1,934 83,162 Leucadia National Corp. 2,651 82,711 Harsco Corp. 2,978 82,669 FMC Corp./(1)/ 1,687 82,646 Park National Corp. 854 82,625 Tyson Foods Inc. "A"/(2)/ 8,223 82,394 WebMD Corp./(1)/ 19,254 82,022 York International Corp. 2,860 81,910 Cummins Engine Company Inc. 2,479 81,807 United Bancshares Inc. 3,016 81,432 Amazon.com Inc./(1)(2)/ 13,636 81,407 Medarex Inc./(1)/ 5,379 81,223 CNF Transportation Inc. 3,554 81,138 AGL Resources Inc. 4,056 80,998 IKON Office Solutions Inc. 10,467 80,805 Mitchell Energy & Development Corp. "A" 1,609 80,643 DQE Inc./(2)/ 4,188 80,577 EarthLink Inc./(1)/ 5,249 79,942 Harman International Industries Inc. 2,377 79,629 Titan Corp. (The)/(1)/ 4,056 79,498 Cree Inc./(1)(2)/ 5,378 79,487 Massey Energy Co. 5,421 79,418 Rayonier Inc. 1,950 78,917 Respironics Inc./(1)/ 2,215 78,765 HRPT Properties Trust 9,669 78,706 Brown & Brown Inc. 1,510 78,671 Ryder System Inc. 3,915 78,261 Six Flags Inc./(1)/ 6,390 78,150 BorgWarner Inc./(2)/ 1,936 78,021 Apria Healthcare Group Inc./(1)/ 2,997 77,622 Roper Industries Inc. 2,151 77,414 Raymond James Financial Inc. 2,851 77,405 Reebok International Ltd./(1)/ 3,732 77,252 Williams-Sonoma Inc./(1)/ 3,244 77,240 Covance Inc./(1)/ 4,312 77,228 Lafarge Corp. 2,311 77,187 Swift Transportation Co. Inc./(1)/ 4,360 77,172 Performance Food Group Co./(1)/ 2,703 77,117 Liberate Technologies Inc./(1)/ 7,735 77,041 O'Reilly Automotive Inc./(1)/ 2,688 77,011 Copart Inc./(1)/ 2,744 76,859 Hudson City Bancorp Inc. 3,209 76,695 Trustmark Corp. 3,417 76,472
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 21 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Global Payments Inc. 2,594 $ 76,264 Healthcare Realty Trust 2,988 76,194 AptarGroup Inc. 2,396 76,193 Callaway Golf Co. 5,945 76,096 Jack in the Box Inc./(1)/ 2,717 76,076 Tupperware Corp. 3,805 75,872 CheckFree Corp./(1)/ 4,469 75,839 Thomas & Betts Corp. 4,323 75,566 Ruby Tuesday Inc. 4,810 75,517 Mercury General Corp. 1,901 75,470 Coors (Adolf) Company "B" 1,676 75,420 Corn Products International Inc. 2,623 75,359 Illuminet Holdings Inc./(1)/ 1,953 74,839 Catalina Marketing Corp./(1)/ 2,667 74,676 InterMune Inc./(1)/ 1,950 74,588 KB HOME 2,616 74,321 Sybase Inc./(1)/ 7,970 74,121 Centerpoint Properties Corp. 1,552 74,108 Allegheny Technologies Inc. 5,558 74,088 Mid Atlantic Medical Services Inc./(1)/ 3,520 73,920 Mandalay Resort Group Inc./(1)/ 4,540 73,684 Greater Bay Bancorp/(2)/ 3,160 73,533 Public Service Company of New Mexico 2,904 73,210 Beverly Enterprises Inc./(1)/ 7,159 73,022 Furniture Brands International Inc./(1)/ 3,738 72,816 American Eagle Outfitters Inc./(1)/ 3,659 72,814 Gateway Inc./(1)/ 13,316 72,572 Applebee's International Inc. 2,457 72,481 Perot Systems Corp. "A"/(1)/ 4,484 72,417 Zebra Technologies Corp. "A"/(1)/ 1,929 72,260 IMC Global Inc. 8,017 72,153 UAL Corp. 3,947 72,072 Polo Ralph Lauren Corp./(1)/ 3,829 71,794 Louis Dreyfus Natural Gas Corp./(1)/ 1,841 71,615 International Speedway Corp. "A" 2,051 71,436 RPM Inc. 7,557 71,414 Inverness Medical Technology Inc./(1)/ 1,928 71,240 GTECH Holdings Corp./(1)/ 2,060 71,152 Plexus Corp./(1)/ 3,016 71,117 Commerce Group Inc. 1,869 71,022 CEC Entertainment Inc./(1)/ 2,081 70,962 Alamosa Holdings Inc./(1)(2)/ 5,118 70,884 Kennametal Inc. 2,219 70,830 Wiley (John) & Sons Inc. "A" 3,386 70,700 Ascential Software Corp./(1)/ 21,384 70,567 McClatchy Co. (The) "A" 1,676 70,392 Big Lots Inc. 8,481 70,307 NVR Inc./(1)/ 499 70,114 Labranche & Co. Inc./(1)/ 3,158 70,108 Ingram Micro Inc. "A"/(1)/ 5,423 69,957 United Stationers Inc./(1)/ 2,338 69,836 American Financial Group Inc. 3,143 69,775 Alexander & Baldwin Inc. 2,973 69,598 ArvinMeritor Inc. 4,868 69,564 i2 Technologies Inc./(1)/ 20,210 69,522 Winn-Dixie Stores Inc. 6,071 69,513 SICOR Inc./(1)/ 3,679 69,496 Church & Dwight Co. Inc. 2,688 69,485 Steelcase Inc. 5,524 69,437 Accredo Health Inc./(1)/ 1,907 69,415 Piedmont Natural Gas Co. 2,221 69,162 Pittston Brink's Group 3,820 69,142 Cytec Industries Inc./(1)/ 2,984 69,080 Polaris Industries Partners LP "A" 1,784 68,470 Perrigo Co./(1)/ 4,509 68,311 Total System Services Inc. 2,754 68,217 Harte-Hanks Inc. 3,152 68,209 Nationwide Health Properties Inc. 3,471 68,205 Orthodontic Centers of America Inc./(1)(2)/ 2,760 68,034 Axcelis Technologies Inc./(1)/ 7,199 68,031 THQ Inc./(1)(2)/ 1,576 68,004 CommScope Inc./(1)/ 3,795 67,817 Exult Inc./(1)/ 5,797 67,767 Berkley (W.R.) Corp. 1,409 67,632 Corporate Executive Board Co. (The)/(1)/ 2,588 67,495 Washington Real Estate Investment Trust 2,841 67,389 Varco International Inc./(1)(2)/ 5,576 67,358 Dole Food Co. 3,133 67,046 Graco Inc. 2,220 67,044 NetIQ Corp./(1)/ 2,943 67,012 WPS Resources Corp. 1,948 67,011 Downey Financial Corp. 1,518 66,989 Nationwide Financial Services Inc. 1,798 66,850 Extended Stay America Inc./(1)/ 4,604 66,620 Developers Diversified Realty Corp. 3,711 66,612 Entercom Communications Corp./(1)/ 1,955 66,470 Diagnostic Products Corp. 1,573 66,412 Incyte Genomics Inc./(1)/ 4,861 66,401 Silicon Valley Bancshares/(1)/ 3,282 66,296 99 Cents Only Stores/(1)/ 2,049 66,285
- -------------------------------------------------------------------------------- page 22 i|Shares iShares Russell 3000 Index Fund Schedule Of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Sensient Technologies Corp. 3,552 $ 66,174 Pennzoil-Quaker State Co. 5,914 66,119 Hercules Inc./(1)(2)/ 8,004 66,033 Cooper Tire & Rubber Co. 4,631 65,945 Cablevision Systems Corporation-Rainbow Media Group/(1)(2)/ 3,244 65,691 Shurgard Storage Centers Inc. "A" 2,177 65,615 Freeport-McMoRan Copper & Gold Inc./(1)(2)/ 5,963 65,533 Cheesecake Factory (The)/(1)/ 2,735 65,503 Community First Bankshares Inc. 2,727 65,503 Mentor Graphics Corp./(1)/ 4,746 65,400 Universal Corporation 1,959 65,372 Susquehanna Bancshares Inc. 2,937 65,348 Cousins Properties Inc. 2,639 65,315 CIMA Labs Inc./(1)(2)/ 1,075 65,306 ONEOK Inc. 3,943 65,296 Alfa Corp. 2,937 64,849 Atmos Energy Corp./(2)/ 2,988 64,541 Electronics For Imaging Inc./(1)/ 3,960 64,469 Neiman-Marcus Group Inc. "A"/(1)/ 2,634 64,401 Reliant Resources Inc./(1)/ 3,974 64,379 Vignette Corp./(1)/ 18,175 64,340 Alleghany Corp./(1)/ 323 64,277 National Service Industries Inc. 3,112 64,263 AMETEK Inc. 2,443 64,202 Zale Corp./(1)/ 2,420 64,082 Ethan Allen Interiors Inc. 2,326 63,965 Idex Corp. 2,313 63,954 Reckson Associates Realty Corp. 2,644 63,853 AVX Corp./(2)/ 3,924 63,843 Cubist Pharmaceuticals Inc./(1)/ 1,948 63,836 Great Lakes Chemical Corp./(1)/ 2,885 63,758 NPS Pharmaceuticals Inc./(1)/ 2,043 63,742 Acxiom Corp./(1)/ 6,721 63,177 TrustCo Bank Corp. 4,587 63,025 Dal-Tile International Inc./(1)/ 4,084 62,853 Realty Income Corp. 2,166 62,814 Dillards Inc. "A" 4,748 62,531 American Greetings Corp. "A"/(2)/ 4,721 62,506 Invacare Corp. 1,541 62,411 Carlisle Companies Inc. 2,225 62,367 Alpha Industries Inc./(1)(2)/ 3,215 62,275 Cleco Corp. 3,019 62,222 Mueller Industries Inc./(1)/ 2,165 62,136 American National Insurance Co. 766 62,046 Price Communications Corp./(1)/ 3,656 61,969 Fair Isaac and Co. Inc. 1,312 61,966 Varian Semiconductor Equipment Associates Inc./(1)/ 2,397 61,962 Packaging Corporation of America/(1)/ 3,989 61,630 Cabot Industrial Trust 3,000 61,500 Palm Inc./(1)/ 42,007 61,330 Continental Airlines Inc. "B"/(1)(2)/ 4,078 61,170 SkyWest Inc. 3,652 61,061 Prentiss Properties Trust 2,220 61,050 Tetra Tech Inc./(1)/ 2,762 61,040 Metris Companies Inc. 2,466 61,034 NRG Energy Inc./(1)/ 3,760 60,950 Alpharma Inc. "A"/(2)/ 2,113 60,854 Patterson-UTI Energy Inc./(1)/ 4,889 60,428 AK Steel Holding Corp. 7,128 60,232 Airgas Inc./(1)/ 4,534 60,166 Longs Drug Stores Corp. 2,209 60,085 Tootsie Roll Industries Inc. 1,570 60,068 Health Care REIT Inc. 2,377 59,900 Federal Signal Corp. 3,388 59,764 Granite Construction Inc. 2,328 59,690 Orion Power Holdings Inc./(1)/ 2,332 59,466 US Freightways Corp. 1,905 59,436 Pier 1 Imports Inc. 7,151 59,353 Cell Therapeutics Inc./(1)(2)/ 2,464 59,259 Trinity Industries Inc. 2,736 59,234 Black Hills Corp. 1,940 59,209 New Jersey Resources Corp. 1,335 59,020 Varian Inc./(1)/ 2,311 58,884 Sl Green Realty Corp. 1,866 58,816 Black Box Corp./(1)(2)/ 1,396 58,744 Lancaster Colony Corp. 2,093 58,625 Coherent Inc./(1)/ 2,064 58,618 Chesapeake Energy Corp./(1)/ 10,372 58,602 Adaptec Inc./(1)/ 7,429 58,392 Federal Realty Investment Trust 2,645 58,190 American Capital Strategies Ltd. 2,124 58,176 Donnelley (R.H.) Corp./(1)/ 2,220 57,986 Vintage Petroleum Inc. 3,658 57,979 Crompton Corp. 8,364 57,963 Stillwater Mining Co./(1)/ 2,878 57,905 Pediatrix Medical Group Inc./(1)/ 1,418 57,840 CuraGen Corp./(1)(2)/ 2,995 57,803 Emulex Corp./(1)(2)/ 6,067 57,697 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 23 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ eFunds Corp./(1)(2)/ 3,443 $ 57,326 Neurocrine Biosciences Inc./(1)/ 1,789 57,284 Minerals Technologies Inc. 1,512 57,063 IDEXX Laboratories Inc./(1)/ 2,439 56,999 Staten Island Bancorp Inc. 2,311 56,966 Potlatch Corp. 2,103 56,760 Southwest Bancorp of Texas Inc./(1)(2)/ 1,906 56,704 Pacific Capital Bancorp 1,955 56,636 Bruker Daltonics Inc./(1)/ 3,399 56,423 Arbitron Inc./(1)/ 2,156 56,401 Worthington Industries Inc. 5,009 56,351 Erie Indemnity Co. "A" 1,421 56,201 Regis Corp. 2,669 55,942 National Instruments Corp./(1)/ 2,135 55,873 Chittenden Corp. 2,199 55,855 La-Z-Boy Inc. 3,537 55,849 United States Cellular Corp./(1)(2)/ 1,124 55,638 Waste Connections Inc./(1)(2)/ 2,054 55,458 Cox Radio Inc. "A"/(1)/ 2,743 55,326 Forest City Enterprises Inc. "A" 1,150 55,200 Vector Group Ltd. 1,290 55,113 Provident Financial Group Inc. 2,179 55,020 Cambrex Corp. 1,639 54,956 Radio One Inc. "D"/(1)/ 4,747 54,780 Interstate Bakeries Corp. 2,148 54,774 Gables Residential Trust 1,784 54,697 Myriad Genetics Inc./(1)/ 1,785 54,692 Scios Inc./(1)(2)/ 3,271 54,691 Ohio Casualty Corp. 4,192 54,454 CV Therapeutics Inc./(1)(2)/ 1,400 54,404 Petsmart Inc./(1)/ 7,715 54,314 Flowserve Corp./(1)(2)/ 2,749 54,293 Microsemi Corp./(1)/ 2,080 54,184 ITT Educational Services Inc./(1)/ 1,692 54,144 Jeffries Group Inc. 1,639 54,087 Keane Inc./(1)/ 3,957 54,013 St. Joe Company (The) 2,081 53,794 American Italian Pasta Co. "A"/(1)/ 1,243 53,760 First Commonwealth Financial Corp. 4,313 53,697 Sybron Dental Specialties Inc./(1)/ 2,884 53,642 RSA Security Inc./(1)/ 3,964 53,355 Gartner Group Inc. "A"/(1)/ 5,888 53,286 Toll Brothers Inc./(1)/ 1,787 53,020 Forest Oil Corp./(1)/ 2,137 52,998 UGI Corp. 1,948 52,791 Edwards (J.D.) & Co./(1)/ 7,414 52,788 Pathmark Stores Inc./(1)/ 2,215 52,717 Macromedia Inc./(1)/ 4,344 52,606 Insight Communications Co. Inc./(1)/ 2,852 52,477 Horace Mann Educators Corp. 2,973 52,473 Essex Property Trust Inc. 1,063 52,193 US Oncology Inc./(1)/ 6,987 52,053 Southern Union Co./(1)/ 2,485 52,011 Powerwave Technologies Inc./(1)/ 4,355 51,912 Harleysville Group Inc. 2,158 51,770 Kansas City Southern Industries Inc./(1)/ 4,314 51,768 Tecumseh Products Co. "A" 1,134 51,631 Lincoln Electric Holding Inc. 2,344 51,615 Wisconsin Central Transportation Corp./(1)/ 3,020 51,582 Extreme Networks Inc./(1)/ 7,456 51,521 Imation Corp./(1)/ 2,458 51,372 Otter Tail Power Co. 1,812 51,370 Macerich Co. (The) 2,323 51,338 CH Energy Group Inc. 1,263 51,278 Credence Systems Corp./(1)/ 4,248 51,188 Tom Brown Inc./(1)/ 2,449 51,184 Intimate Brands Inc. 5,686 51,174 Mercury Computer Systems Inc./(1)(2)/ 1,361 51,106 Stone Energy Corp./(1)/ 1,587 51,101 Aviron/(1)/ 2,052 51,074 Blockbuster Inc./(2)/ 2,331 51,049 Matthews International Corp. "A" 2,313 51,025 Banta Corp. 1,829 50,974 Modine Manufacturing Co. 2,073 50,954 Ilex Oncology Inc./(1)/ 1,938 50,892 PSS World Medical Inc./(1)/ 5,320 50,753 South Financial Group Inc. (The)/(2)/ 3,204 50,751 Timken Co. 3,678 50,389 American Financial Holdings Inc. 2,050 50,327 Louisiana-Pacific Corp. 7,735 50,278 Sylvan Learning Systems Inc./(1)/ 2,190 50,151 Kopin Corp./(1)(2)/ 4,806 50,127 Liberty Corp. 1,260 50,085 VISX Inc./(1)/ 3,785 50,076 Briggs & Stratton Corp./(2)/ 1,603 50,030 Owens & Minor Inc. 2,461 49,958 El Paso Electric Co./(1)/ 3,796 49,917 PanAmSat Corp./(1)/ 2,136 49,812 Knight Trading Group Inc./(1)/ 6,454 49,760 Spinnaker Exploration Co./(1)/ 1,406 49,744 - -------------------------------------------------------------------------------- page 24 i|Shares iShares Russell 3000 Index Fund Schedule Of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ SanDisk Corp./(1)/ 5,043 $ 49,724 Maxtor Corp./(1)/ 13,922 49,702 Wind River Systems Inc./(1)/ 4,726 49,623 RehabCare Group Inc./(1)/ 1,139 49,558 Technitrol Inc. 2,222 49,551 Commerce One Inc./(1)/ 20,121 49,498 Millennium Chemicals Inc. 4,717 49,481 Linens 'N Things Inc./(1)/ 2,661 49,441 Footstar Inc./(1)(2)/ 1,418 49,063 Summit Properties Inc. 1,869 49,061 Aeroflex Inc./(1)/ 4,455 49,005 Ferro Corp./(2)/ 2,107 48,840 Haemonetics Corp./(1)/ 1,410 48,800 Veeco Instruments Inc./(1)/ 1,840 48,760 Ventas Inc. 4,485 48,662 F.N.B. Corp./(2)/ 1,860 48,639 LNR Property Corp. 1,624 48,639 Avocent Corporation/(1)/ 3,265 48,583 Metro-Goldwyn-Mayer Inc./(1)/ 2,852 48,341 HNC Software Inc./(1)/ 2,583 48,302 KV Pharmaceuticals Co. "B"/(1)(2)/ 1,641 48,245 CNA Financial Corp./(1)(2)/ 1,782 48,185 International Bancshares Corp. 1,251 48,164 LTX Corp./(1)/ 3,534 48,098 Syncor International Corp./(1)(2)/ 1,511 48,095 Blyth Inc. 2,418 48,094 Avista Corp. 3,522 47,899 United Rentals Inc./(1)(2)/ 2,761 47,876 Texas Industries Inc. 1,549 47,864 TeleCorp PCS Inc./(1)/ 4,331 47,858 Ryland Group Inc. 1,002 47,785 Cooper Companies Inc. 1,018 47,744 UMB Financial Corp. 1,150 47,725 Exar Corp./(1)/ 2,752 47,610 Fuller (H. B.) Co. 1,038 47,540 Annaly Mortgage Management Inc. 3,289 47,526 DoubleClick Inc./(1)/ 8,328 47,470 Anixter International Inc./(1)(2)/ 1,910 47,330 Sonic Corp./(1)/ 1,556 47,178 ADVO Inc./(1)/ 1,383 47,022 Impath Inc./(1)/ 1,361 46,968 Bob Evans Farms Inc. 2,592 46,863 UIL Holdings Corporation 981 46,784 Harland (John H.) Co. 2,136 46,778 Republic Bancorp Inc. 3,267 46,751 Too Inc./(1)/ 2,225 46,703 Grant Prideco Inc./(1)/ 7,662 46,662 MSC Industrial Direct Co. Inc. "A"/(1)/ 2,919 46,500 Cognex Corp./(1)/ 2,364 46,382 Energen Corp. 2,060 46,350 Pixar Inc./(1)/ 1,147 46,339 Hilb Rogal & Hamilton Co. 1,013 46,203 Education Management Corp./(1)/ 1,521 46,178 Pharmaceutical Resources Inc./(1)/ 1,291 46,153 Affymetrix Inc./(1)(2)/ 2,855 45,823 Flowers Foods Inc./(1)/ 1,264 45,820 Chelsea Property Group Inc. 1,008 45,814 Regency Centers Corp. 1,779 45,809 BlackRock Inc./(1)/ 1,034 45,723 Superior Industries International Inc. 1,376 45,697 Kilroy Realty Corp. 1,820 45,409 Trimeris Inc./(1)/ 1,293 45,384 Seacor Smit Inc./(1)/ 1,271 45,375 Southwest Gas Corp. 2,140 45,368 Oshkosh Truck Corp. 1,252 45,347 Overseas Shipholding Group Inc. 2,051 45,122 Saks Inc./(1)/ 8,994 44,970 American Medical Systems Holdings Inc./(1)/ 2,358 44,967 Acterna Corp./(1)/ 14,134 44,946 Rambus Inc./(1)(2)/ 6,105 44,933 Tekelec/(1)/ 3,411 44,923 Chateau Communities Inc. 1,519 44,735 Storage USA Inc. 1,126 44,590 Reinsurance Group of America Inc. 1,305 44,514 AmeriPath Inc./(1)/ 1,694 44,484 Stewart & Stevenson Services Inc. 1,847 44,476 UTStarcom Inc./(1)/ 2,733 44,411 Pan Pacific Retail Properties Inc. 1,684 44,373 PolyOne Corp. 5,688 44,366 Activision Inc./(1)(2)/ 1,629 44,341 LandAmerica Financial Group Inc. 1,333 44,322 Florida Rock Industries Inc. 1,399 44,124 Key Energy Services Inc./(1)/ 6,919 44,005 Chemical Financial Corp. 1,620 43,983 Wallace Computer Services Inc. 2,760 43,884 Manitowoc Co. Inc. 1,809 43,850 AGCO Corp. 4,843 43,829 Direct Focus Inc./(1)(2)/ 2,202 43,820 Northwest Natural Gas Co. 1,869 43,716 Covanta Energy Corporation/(1)/ 3,738 43,660 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 25 iShares Russell 3000 Index Fund Schedule Of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Choice Hotels International Inc./(1)/ 2,646 $ 43,659 Talbots Inc. (The) 1,944 43,643 Selective Insurance Group Inc. 1,870 43,627 AMCORE Financial Inc. 1,915 43,509 Transkaryotic Therapies Inc./(1)(2)/ 1,597 43,343 Thoratec Labs Corp./(1)/ 2,619 43,318 Kaydon Corp. 2,069 43,304 Owens-Illinois Inc./(1)/ 10,738 43,274 Argosy Gaming Co./(1)/ 1,647 43,151 Alexandria Real Estate Equities Inc. 1,089 42,961 Ralcorp Holdings Inc./(1)/ 2,203 42,870 Electro Scientific Industries Inc./(1)/ 1,952 42,846 Eclipsys Corp./(1)(2)/ 3,219 42,813 Regeneron Pharmaceuticals Inc./(1)/ 1,920 42,701 Men's Wearhouse Inc. (The)/(1)/ 2,355 42,578 Plains Resource Inc./(1)/ 1,637 42,562 Administaff Inc./(1)/ 1,636 42,536 Anchor Gaming/(1)/ 1,024 42,496 Retek Inc./(1)/ 3,482 42,376 21st Century Insurance Group 2,403 42,293 Cryolife Inc./(1)/ 1,121 42,161 Plantronics Inc./(1)/ 2,471 42,131 Isis Pharmaceuticals Inc./(1)(2)/ 2,469 42,096 La Quinta Properties Inc./(1)/ 9,541 41,980 Wolverine World Wide Inc. 3,123 41,973 Arch Coal Inc. 2,689 41,948 Riverstone Networks Inc./(1)/ 7,977 41,879 Stericycle Inc./(1)/ 1,003 41,805 NBTY Inc./(1)/ 3,169 41,704 Timberland Co. "A"/(1)/ 1,538 41,680 First Financial Bancorp 2,683 41,613 CBL & Associates Properties Inc. 1,525 41,556 Stewart Enterprises Inc. "A"/(1)/ 7,160 41,528 Home Properties of NY Inc. 1,310 41,448 Inhale Therapeutic Systems Inc./(1)(2)/ 3,115 41,430 First BanCorp. 1,602 41,428 Delta & Pine Land Co. 2,434 41,329 Cabot Oil & Gas Corp. "A" 2,071 41,316 Insight Enterprises Inc./(1)/ 2,908 41,119 Cerus Corp./(1)/ 864 40,824 Concurrent Computer Corp./(1)/ 4,495 40,815 People's Bank 1,835 40,737 G&K Services Inc. "A" 1,534 40,728 UCBH Holdings Inc. 1,395 40,706 Mentor Corp. 1,602 40,531 Kronos Inc./(1)/ 986 40,475 Montana Power Co. 7,698 40,415 Northwest Airlines Corp. "A"/(1)/ 3,539 40,380 Advanced Digital Information Corp./(1)/ 3,914 40,353 Sun Communities Inc. 1,099 40,278 Williams Communications Group Inc./(1)/ 34,096 40,233 Homestore.com Inc./(1)(2)/ 5,254 40,193 Wausau-Mosinee Paper Corp. 3,435 40,190 Capitol Federal Financial 2,102 40,169 Brandywine Realty Trust 1,882 40,143 Ryan's Family Steak Houses Inc./(1)/ 2,343 40,112 CAL Dive International Inc./(1)/ 2,403 40,034 Reliance Steel & Aluminum Co. 1,677 39,846 Brady Corp. "A" 1,335 39,783 AnnTaylor Stores Corp./(1)/ 1,814 39,763 Collins & Aikman Corp./(1)/ 6,464 39,754 Cell Genesys Inc./(1)(2)/ 2,484 39,744 Claire's Stores Inc. 3,135 39,658 East West Bancorp Inc. 1,692 39,576 Bally Total Fitness Holding Corp./(1)(2)/ 1,943 39,462 S&T Bancorp Inc. 1,686 39,452 Dreyer's Grand Ice Cream Inc. 1,355 39,363 Landstar System Inc./(1)/ 615 39,360 Evergreen Resources Inc./(1)/ 1,158 39,314 Surmodics Inc./(1)(2)/ 984 39,311 First Charter Corp. 2,403 39,289 AmSurg Corp./(1)/ 1,424 39,231 MAXIMUS Inc./(1)/ 982 39,015 MAF Bancorp Inc. 1,361 39,006 NTL Inc./(1)/ 12,580 38,998 CLARCOR Inc. 1,628 38,909 Cymer Inc./(1)/ 2,322 38,893 UICI/(1)/ 2,853 38,886 Albany Molecular Research Inc./(1)/ 1,566 38,884 Alaska Air Group Inc./(1)/ 1,946 38,862 Scotts Co. (The) "A"/(1)/ 1,139 38,840 Kulicke & Soffa Industries Inc./(1)(2)/ 3,563 38,837 Media General Inc. "A" 893 38,720 Atlantic Coast Airlines Holdings Inc./(1)/ 2,908 38,676 Foundry Networks Inc./(1)/ 6,356 38,454 SBA Communications Corp./(1)/ 2,880 38,448 First Citizens Bancshares Inc. "A" 462 38,434 Cable Design Technologies Corp./(1)/ 3,238 38,370 Chico's FAS Inc./(1)(2)/ 1,626 38,292 Longview Fibre Co. 3,788 38,259 - -------------------------------------------------------------------------------- page 26 i|Shares iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- USEC Inc. 5,949 $ 38,252 Teledyne Technologies Inc./(1)/ 2,396 38,216 Dionex Corp./(1)/ 1,513 38,158 Olin Corp. 2,590 38,073 Provident Bankshares Corp. 1,835 37,985 Photronics Inc./(1)/ 2,054 37,896 Elantec Semiconductor Inc./(1)/ 1,651 37,890 AirGate PCS Inc./(1)/ 849 37,713 Hughes Supply Inc. 1,689 37,665 Infocus Corp./(1)/ 2,885 37,649 Primedia Inc./(1)/ 16,010 37,623 Standard-Pacific Corp. 1,926 37,576 Pep Boys-Manny Moe & Jack Inc. 3,396 37,526 Cornerstone Realty Income Trust 3,506 37,514 Hollywood Entertainment Corp./(1)/ 3,188 37,459 Packard BioScience Company/(1)/ 4,735 37,454 Charter Municipal Mortgage Acceptance Corp. 2,343 37,418 FYI Inc./(1)/ 995 37,332 Western Gas Resources Inc. 1,427 37,145 Toro Co. 880 37,048 FactSet Research Systems Inc. 1,525 36,996 Nordson Corp. 1,693 36,992 Priority Healthcare Corp. "B"/(1)/ 1,539 36,936 Adolor Corporation/(1)/ 2,181 36,924 Dycom Industries Inc./(1)/ 3,174 36,818 Virata Corp./(1)/ 3,682 36,746 Florida East Coast Industries Inc. 1,670 36,740 NorthWestern Corp. 1,668 36,696 S1 Corp./(1)/ 4,336 36,683 Yellow Corporation/(1)/ 1,802 36,653 Terex Corp./(1)/ 2,054 36,582 Newport Corp./(2)/ 2,587 36,477 CNET Networks Inc./(1)/ 8,452 36,344 Leap Wireless International Inc./(1)/ 2,312 36,298 American Management Systems Inc./(1)/ 3,021 36,282 GlobeSpan Inc./(1)/ 4,004 36,196 Legato Systems Inc./(1)/ 6,598 36,157 Frontier Financial Corp. 1,309 35,997 Libbey Inc. 1,108 35,733 Sycamore Networks Inc./(1)/ 10,232 35,607 BARRA Inc./(1)/ 846 35,549 Interactive Data Corp. 2,705 35,436 Smucker (J.M) Company (The) 1,381 35,423 Koger Equity Inc. 2,047 35,413 Albemarle Corp. 1,869 35,324 C&D Technologies Inc. 1,910 35,144 Charming Shoppes Inc./(1)/ 7,154 35,126 UCAR International Inc./(1)/ 3,943 35,093 Texas Regional Bancshares "A" 1,024 34,990 SonicWALL Inc./(1)/ 2,943 34,963 Brooks Automation Inc./(1)/ 1,314 34,939 Power Integrations Inc./(1)/ 1,916 34,910 Casey's General Store Inc. 2,928 34,814 Werner Enterprises Inc. 2,082 34,811 Woodward Governor Co. 716 34,690 Finisar Corp./(1)(2)/ 8,746 34,634 IHOP Corp./(1)/ 1,320 34,584 School Specialty Inc./(1)/ 1,131 34,563 M.D.C. Holdings Inc. 1,246 34,539 Interlogix Inc./(1)/ 1,424 34,461 ABM Industries Inc. 1,335 34,456 Waypoint Financial Corp. 2,600 34,398 Paxar Corp./(1)/ 2,696 34,374 Belden Inc. 1,826 34,329 Swift Energy Co./(1)/ 1,664 34,312 Arch Chemicals Inc. 1,511 34,300 Aztar Corp./(1)/ 2,616 34,217 John Nuveen Co. "A" 771 34,101 Immunomedics Inc./(1)/ 2,847 34,079 Ruddick Corp. 2,227 34,073 St. Mary Land & Exploration Co. 2,136 34,026 Kimball International Inc. "B" 2,585 34,019 Maxygen Inc./(1)/ 2,145 33,993 Airborne Inc. 3,549 33,893 Sonus Networks Inc./(1)/ 11,268 33,804 CACI International Inc. "A"/(1)/ 618 33,780 Journal Register Co./(1)/ 2,043 33,710 Trust Company of New Jersey (The) 1,342 33,684 DSP Group Inc./(1)/ 1,685 33,616 Frontier Oil Corp. 1,958 33,580 FirstFed Financial Corp./(1)/ 1,288 33,488 CVB Financial Corp. 1,555 33,432 Datascope Corp. 862 33,428 Baldor Electric Co. 1,683 33,408 Hot Topic Inc./(1)(2)/ 1,331 33,408 General Communication Inc. "A"/(1)/ 2,758 33,372 Cirrus Logic Inc./(1)/ 4,485 33,279 Hutchinson Technology Inc./(1)/ 1,869 33,268 Laclede Gas Co. 1,386 33,264 TIBCO Software Inc./(1)/ 4,520 33,177
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 27 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Viropharma Inc./(1)(2)/ 1,311 $ 33,129 Sunrise Assisted Living Inc./(1)(2)/ 1,282 33,114 ProQuest Company/(1)/ 1,006 33,097 Delphi Financial Group Inc. "A" 979 33,090 Intergraph Corp./(1)/ 3,687 32,999 Consol Energy Inc. 1,538 32,959 Liberty Financial Companies Inc. 1,037 32,925 Harmonic Inc./(1)(2)/ 4,057 32,862 Neose Technologies Inc./(1)/ 851 32,849 Hain Celestial Group Inc./(1)/ 1,776 32,696 Newpark Resources Inc./(1)/ 4,839 32,663 InterCept Group Inc. (The)/(1)/ 976 32,647 Ameritrade Holding Corp. "A"/(1)(2)/ 8,084 32,417 CORUS Bankshares Inc. 719 32,319 Boyds Collection Ltd. (The)/(1)/ 3,917 32,315 Gaylord Entertainment Co. "A"/(1)/ 1,606 32,281 Crawford & Co. "B" 2,583 32,158 Sterling Bancshares Inc. 2,431 32,138 Flir Systems Inc./(1)/ 783 32,126 Westport Resources Corp./(1)/ 2,184 32,105 Christopher & Banks Corp./(1)/ 1,066 32,097 Rogers Corp./(1)/ 1,140 32,045 Terayon Communications Systems Inc./(1)/ 4,492 32,028 Duramed Pharmaceuticals Inc./(1)/ 1,578 31,939 Colonial Properties Trust 1,079 31,884 Hyperion Solutions Corp./(1)/ 2,386 31,877 Tucker Anthony Sutro Corporation 1,335 31,826 Bio-Technology General Corp./(1)/ 4,245 31,753 Manufactured Home Communities Inc. 1,040 31,637 Corixa Corp./(1)(2)/ 3,007 31,571 RealNetworks Inc./(1)/ 6,492 31,551 Carpenter Technology Corp. 1,414 31,461 Vesta Insurance Group 2,401 31,453 Zoran Corp./(1)/ 1,295 31,365 Bay View Capital Corp./(1)/ 4,480 31,360 Arnold Industries Inc. 1,511 31,278 Thornbury Mortgage Inc. 1,879 31,135 McLeodUSA Inc. "A"/(1)(2)/ 40,400 31,108 Emmis Communications Corp./(1)(2)/ 2,152 31,032 Arrow International Inc. 831 30,996 UniSource Energy Corp. 2,212 30,968 Kirby Corp./(1)/ 1,373 30,893 Time Warner Telecom Inc. "A"/(1)(2)/ 4,261 30,892 Metro One Telecommunications Inc.(1) 1,331 30,879 CUNO Inc./(1)/ 1,111 30,830 Cathay Bancorp Inc. 572 30,825 Micromuse Inc./(1)/ 5,424 30,808 Commercial Net Lease Realty Inc. 2,321 30,753 Integra Bank Corp. 1,335 30,705 Unifi Inc./(1)/ 3,735 30,627 ADTRAN Inc./(1)/ 1,602 30,598 CTS Corp. 2,071 30,589 National Penn Bancshares Inc. 1,296 30,456 Coinstar Inc./(1)/ 1,540 30,369 Kellwood Co. 1,638 30,303 DRS Technologies Inc./(1)/ 871 30,267 Astropower Inc./(1)(2)/ 877 30,265 ATMI Inc./(1)/ 1,953 30,174 Meristar Hospitality Corp. 2,857 30,141 Hollinger International Inc. 2,870 30,135 Atrix Laboratories Inc./(1)/ 1,280 30,080 Progress Software Corp./(1)/ 2,148 30,051 Beazer Homes USA Inc./(1)/ 618 30,035 SCP Pool Corp./(1)/ 1,406 30,007 Ariba Inc./(1)/ 16,079 29,907 DMC Stratex Networks Inc./(1)/ 5,796 29,907 Jones Lang LaSalle Inc./(1)/ 2,182 29,893 Patina Oil & Gas Corp. 1,299 29,877 ONI Systems Inc./(1)/ 7,405 29,842 Sandy Spring Bancorp Inc. 751 29,807 Triumph Group Inc./(1)/ 1,277 29,754 Littelfuse Inc./(1)/ 1,344 29,743 Elcor Corp./(2)/ 1,381 29,733 Noven Pharmaceuticals Inc./(1)/ 1,642 29,720 FelCor Lodging Trust Inc. 2,207 29,684 Lennox International Inc. 3,182 29,593 Commonwealth Telephone Enterprises Inc./(1)/ 801 29,437 Cost Plus Inc./(1)/ 1,602 29,413 InterDigital Communications Corp./(1)/ 4,011 29,401 Pacific Sunwear of California Inc.(1) 2,133 29,329 Glimcher Realty Trust 1,810 29,286 Actel Corp./(1)/ 1,642 29,162 Madison Gas & Electric Co. 1,157 29,099 FuelCell Energy Inc./(1)(2)/ 1,960 29,028 Georgia Gulf Corp. 1,803 28,974 Carter-Wallace Inc. 1,416 28,929 Presidential Life Corp. 1,591 28,924 Prime Hospitality Corp./(1)/ 3,285 28,908 Simpson Manufacturing Co. Inc./(1)/ 545 28,885
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Western Digital Corp./(1)/ 13,298 $ 28,857 Borland Software Corp./(1)(2)/ 3,562 28,852 California Water Service Group 1,068 28,836 Mediacom Communications Corp./(1)(2)/ 2,212 28,822 Insituform Technologies Inc. "A"/(1)/ 1,688 28,780 WesBanco Inc. 1,336 28,724 IDT Corp./(1)/ 2,495 28,693 Harbor Florida Bancshares Inc. 1,603 28,646 JLG Industries Inc. 3,121 28,588 Exelixis Inc./(1)/ 2,493 28,570 Corvis Corp./(1)/ 18,766 28,524 Capstone Turbine Corp./(1)/ 4,721 28,515 Tesoro Petroleum Corp./(1)/ 2,392 28,465 Aquila Inc./(1)/ 1,305 28,449 Conmed Corp./(1)/ 1,602 28,355 Chesapeake Corp. 1,094 28,280 Harleysville National Corp. 1,313 28,229 Ionics Inc./(1)/ 1,275 28,190 Crestline Capital Corp./(1)/ 996 28,137 Trimble Navigation Ltd./(1)/ 1,843 28,106 Papa John's International Inc./(1)(2)/ 1,078 28,082 Quest Software Inc./(1)(2)/ 2,420 28,024 Edison Schools Inc./(1)(2)/ 1,853 27,980 Weis Markets Inc. 1,006 27,967 American States Water Co. 755 27,935 Information Holdings Inc./(1)/ 1,421 27,908 Symyx Technologies Inc./(1)/ 1,885 27,804 Seacoast Financial Services Corp. 1,869 27,792 Arthocare Corp./(1)(2)/ 1,415 27,734 Mills Corp. 1,289 27,559 Spherion Corporation/(1)/ 3,823 27,526 Topps Co. (The)/(1)/ 2,861 27,466 Getty Images Inc./(1)/ 2,489 27,454 Empire District Electric Co. (The) 1,335 27,434 W Holding Co. Inc. 1,955 27,370 Mid-State Bancshares 1,602 27,346 United National Bancorp 1,069 27,260 Mid-America Apartment Communities Inc. 1,047 27,222 NACCO Industries Inc. 488 27,206 MKS Instruments Inc./(1)/ 1,531 27,175 Nash Finch Co. 795 27,110 Ligand Pharmaceuticals Inc. "B"/(1)/ 2,948 27,063 Park Electrochemical Corp. 1,244 27,057 Apogee Enterprises Inc. 2,097 27,051 Oak Technology Inc./(1)/ 3,465 27,027 Modis Professional Services Inc./(1)/ 6,756 27,024 ANADIGICS Inc./(1)/ 2,215 27,023 Mine Safety Appliances Co. 600 27,000 Bio-Rad Laboratories Inc. "A"/(1)/ 574 26,978 Input/Output Inc./(1)/ 3,296 26,961 WebEx Communications Inc./(1)(2)/ 1,268 26,932 FileNET Corp./(1)/ 2,670 26,887 Fleetwood Enterprises Inc./(2)/ 2,404 26,877 West Corp./(1)/ 1,353 26,789 Group 1 Automotive Inc./(1)/ 1,008 26,762 InfoSpace Inc./(1)/ 18,072 26,747 Schuler Homes Inc./(1)/ 2,200 26,730 Helix Technology Corp. 1,643 26,682 Taubman Centers Inc. 2,134 26,675 Power-One Inc./(1)/ 4,326 26,605 Arkansas Best Corp./(1)/ 1,284 26,592 Peabody Energy Corp./(2)/ 1,103 26,582 Forward Air Corp./(1)(2)/ 1,126 26,506 Pulitzer Inc. 598 26,479 Hooper Holmes Inc. 4,240 26,458 WMS Industries Inc./(1)/ 1,511 26,427 Argonaut Group Inc. 1,610 26,388 GenCorp. Inc. 2,325 26,365 NYFIX Inc./(1)/ 1,843 26,355 Glenborough Realty Trust Inc. 1,421 26,345 Profit Recovery Group International Inc. (The)/(1)(2)/ 2,691 26,318 Priceline.com Inc./(1)/ 6,943 26,314 Handleman Co./(1)/ 1,876 26,264 Integrated Circuit Systems Inc./(1)/ 2,052 26,225 Enzo Biochem Inc./(1)(2)/ 1,545 26,203 Silicon Storage Technology Inc./(1)/ 5,651 26,164 REMEC Inc./(1)/ 3,294 26,121 PacifiCare Health Systems Inc. "A"/(1)(2)/ 2,068 26,036 Genesco Inc./(1)(2)/ 1,602 26,032 Read-Rite Corp./(1)/ 8,818 26,013 JDN Realty Corp. 2,449 25,959 Immunogen Inc./(1)(2)/ 2,867 25,946 UbiquiTel Inc./(1)/ 3,210 25,905 Oceaneering International Inc./(1)/ 1,602 25,904 Quanta Services Inc./(1)(2)/ 1,811 25,807 South Jersey Industries 842 25,807 Tularik Inc./(1)/ 1,400 25,788 Global Industries Ltd./(1)/ 4,723 25,740 Dime Community Bancshares 1,014 25,674
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 29 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Promistar Financial Corp. 1,114 $ 25,644 Anaren Microwave Inc./(1)/ 1,567 25,620 Zoll Medical Corp./(1)/ 718 25,561 Regal-Beloit Corp. 1,400 25,550 Three-Five Systems Inc./(1)/ 1,602 25,536 NBT Bancorp Inc. 1,780 25,454 On Assignment Inc./(1)/ 1,582 25,439 Mobile Mini Inc./(1)/ 977 25,363 Schweitzer-Mauduit International Inc. 1,068 25,333 Gene Logic Inc./(1)/ 1,920 25,267 Tennant Co. 721 25,235 Nu Skin Enterprises Inc. "A" 3,234 25,225 Iomega Corp./(1)/ 20,618 25,154 Heartland Express Inc./(1)/ 1,094 25,151 Kelly Services Inc. "A" 1,244 25,129 Panera Bread Co. "A"/(1)/ 717 25,088 Sola International Inc./(1)/ 1,654 25,075 Anchor BanCorp Wisconsin Inc. 1,510 25,066 Interwoven Inc./(1)/ 6,481 25,017 Benchmark Electronics Inc./(1)(2)/ 1,514 25,011 IRT Property Co. 2,310 24,948 ProAssurance Corp./(1)/ 1,672 24,913 Tanox Inc./(1)/ 1,683 24,858 Bowne & Co. Inc. 2,439 24,756 Genlyte Group Inc. (The)/(1)/ 852 24,708 Corrections Corp. of America/(1)/ 1,877 24,701 Entravision Communications Corp./(1)/ 2,886 24,675 Esterline Technologies Corp./(1)/ 1,556 24,663 Champion Enterprises Inc./(1)/ 3,546 24,645 Offshore Logistics Inc./(1)/ 1,284 24,640 Rare Hospitality International Inc./(1)/ 1,584 24,615 BOK Financial Corp./(1)/ 814 24,575 Eastgroup Properties Inc. 1,119 24,506 Barnes Group Inc. 1,150 24,495 Philadelphia Consolidated Holding Co./(1)/ 705 24,492 Internet Security Systems Inc./(1)(2)/ 2,688 24,488 Russell Corp. 1,781 24,453 Anthracite Capital Inc. 2,351 24,450 Sangstat Medical Corp./(1)/ 1,321 24,346 OfficeMax Inc./(1)/ 7,927 24,177 Wabtec Corporation 2,211 24,100 First Sentinel Bancorp Inc. 2,045 24,070 EMCOR Group Inc./(1)/ 754 24,053 Gentiva Health Services Inc./(1)/ 1,335 24,043 FEI Co./(1)/ 1,105 24,034 Serologicals Corp./(1)/ 1,326 24,014 Asyst Technologies Inc./(1)(2)/ 2,648 23,964 Itron Inc./(1)(2)/ 1,041 23,964 Thomas Industries Inc. 1,109 23,899 General Semiconductor Inc./(1)/ 2,489 23,894 Lands' End Inc./(1)/ 826 23,871 Monaco Coach Corp./(1)/ 1,675 23,869 Oakley Inc./(1)/ 1,900 23,845 Rayovac Corp./(1)/ 1,562 23,821 General Cable Corp. 2,418 23,817 Alabama National Bancorp 721 23,793 Micros Systems Inc./(1)/ 1,335 23,723 Gardner Denver Inc./(1)/ 1,068 23,710 DDi Corp./(1)/ 3,019 23,669 Veritas DGC Inc./(1)/ 2,122 23,660 Unit Corp./(1)/ 2,664 23,656 Midway Games Inc./(1)(2)/ 1,953 23,651 Wellman Inc. 2,047 23,643 Kaman Corp. "A" 1,784 23,620 First Financial Bankshares Inc. 799 23,594 Lance Inc. 1,776 23,568 AMLI Residential Properties Trust 997 23,529 Sovran Self Storage Inc. 852 23,515 Intermagnetics General Corp./(1)/ 1,010 23,493 Vicor Corp./(1)(2)/ 1,664 23,479 Checkpoint Systems Inc./(1)/ 2,144 23,434 Griffon Corporation/(1)/ 1,920 23,424 Documentum Inc./(1)/ 2,850 23,341 Commercial Metals Co. 839 23,324 Engineered Support Systems Inc. 495 23,314 Ciber Inc./(1)/ 3,694 23,272 Instinet Group Inc./(1)/ 2,377 23,271 Ocular Sciences Inc./(1)/ 1,149 23,267 WD-40 Company 1,131 23,242 Quanex Corp. 1,006 23,239 AsiaInfo Holdings Inc./(1)(2)/ 1,951 23,197 Triarc Companies Inc./(1)/ 1,004 23,192 U.S. Airways Group Inc./(1)(2)/ 4,987 23,190 PFF Bancorp Inc. 843 23,183 Fremont General Corp. 4,245 23,178 Dress Barn Inc./(1)/ 1,038 23,147 Entegris Inc./(1)/ 2,918 23,052 Bandag Inc. 842 23,029 Andover Bancorp Inc. 451 23,019 First Financial Holdings Inc. 1,002 22,996
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Valuevision International Inc. "A"/(1)/ 1,782 $ 22,988 Bedford Property Investors Inc. 1,134 22,952 Inktomi Corp./(1)/ 8,363 22,915 PS Business Parks Inc. 826 22,880 Sonic Automotive Inc./(1)/ 1,681 22,862 InterVoice-Brite Inc./(1)/ 2,200 22,836 Nextel Partners Inc. "A"/(1)/ 3,391 22,821 Armor Holdings Inc./(1)(2)/ 1,152 22,810 Lone Star Technologies Inc./(1)/ 1,839 22,804 Cohu Inc. 1,523 22,784 Hancock Holding Co. 561 22,765 Korn/Ferry International/(1)/ 2,757 22,745 Computer Network Technology Corp./(1)/ 2,160 22,723 Numerical Technologies Inc./(1)(2)/ 1,368 22,709 URS Corp./(1)/ 987 22,701 FreeMarkets Inc./(1)(2)/ 2,141 22,652 Advanced Energy Industries Inc./(1)/ 1,362 22,650 Wesco Financial Corp. 78 22,628 Sapient Corp./(1)(2)/ 5,859 22,557 Maverick Tube Corp./(1)/ 2,489 22,550 US Unwired Inc. "A"/(1)/ 2,228 22,503 ESS Technology Inc./(1)/ 2,200 22,484 Hudson River Bancorp Inc. 1,122 22,451 Dianon Systems Inc./(1)/ 445 22,339 Pegasus Communications Corp./(1)/ 3,189 22,323 Pharmacyclics Inc./(1)(2)/ 1,254 22,321 Seachange International Inc./(1)/ 1,277 22,309 Echelon Corp./(1)(2)/ 1,785 22,277 Pericom Semiconductor Corp./(1)/ 1,602 22,268 Cyberonics Inc./(1)/ 1,410 22,222 Southwestern Energy Company/(1)/ 1,873 22,195 Aspen Technology Inc./(1)/ 2,216 22,160 Franklin Electric Co. Inc. 307 22,104 Intrado Inc./(1)(2)/ 860 22,068 P.F. Chang's China Bistro Inc./(1)(2)/ 614 22,055 SPS Technologies Inc./(1)/ 729 22,045 IGEN International Inc./(1)(2)/ 801 22,044 University of Phoenix Online/(1)(2)/ 712 22,044 EGL Inc./(1)/ 2,485 22,042 Hearst-Argyle Television Inc./(1)/ 1,258 22,015 Amylin Pharmaceuticals Inc./(1)(2)/ 3,973 21,971 Independent Bank Corp.(MI) 841 21,950 Applied Industrial Technologies Inc. 1,297 21,906 Schulman (A.) Inc. 2,137 21,904 Duane Reade Inc./(1)/ 729 21,870 Pharmacopeia Inc./(1)/ 1,686 21,851 Nautica Enterprises Inc./(1)/ 1,842 21,809 Digital Insight Corp./(1)/ 1,895 21,792 Great Atlantic & Pacific Tea Co. 1,522 21,780 Manugistics Group Inc./(1)(2)/ 3,735 21,738 Pacific Northwest Bancorp 1,068 21,734 Station Casinos Inc./(1)/ 2,586 21,722 Grey Global Group Inc. 39 21,567 MSC.Software Corp./(1)/ 1,339 21,558 International Multifoods Corp. 1,128 21,545 Palm Harbor Homes Inc./(1)/ 1,149 21,486 Fred's Inc. 818 21,432 Emisphere Technologies Inc./(1)/ 1,121 21,411 Biosite Diagnostics Inc./(1)/ 884 21,402 Bright Horizons Family Solutions Inc./(1)/ 792 21,384 Circuit City Stores Inc. - CarMax Group/(1)/ 1,895 21,319 Cadiz Inc./(1)/ 2,487 21,314 Verity Inc./(1)/ 2,106 21,271 Boca Resorts Inc. "A"/(1)/ 2,135 21,243 Alexion Pharmaceuticals Inc./(1)/ 1,242 21,139 Integra LifeSciences Holdings Corporation/(1)(2)/ 765 21,129 Biopure Corp./(1)(2)/ 1,133 21,017 1st Source Corp. 976 20,992 F&M Bancorp 801 20,986 Molecular Devices Corp./(1)/ 1,125 20,970 Roadway Express Inc. 869 20,934 PMA Capital Corp. "A" 1,160 20,880 National Health Investors Inc./(1)/ 1,548 20,821 NUI Corp. 1,018 20,798 Robert Mondavi Corp. (The) "A"/(1)/ 584 20,790 Town & Country Trust 1,050 20,790 Parexel International Corp./(1)/ 1,831 20,764 Walter Industries Inc. 2,320 20,764 Spartech Corp. 1,004 20,763 Chemed Corp. 716 20,621 Ryerson Tull Inc. 1,643 20,620 Wet Seal Inc. "A"/(1)/ 1,116 20,546 Teletech Holdings Inc./(1)/ 2,629 20,532 Tower Automotive Inc./(1)/ 2,857 20,485 Greif Brothers Corp. "A" 893 20,468 BankUnited Financial Corp. "A"/(1)/ 1,394 20,450 Photon Dynamics Inc./(1)/ 882 20,418 Analogic Corp. 504 20,412 Magellan Health Services Inc./(1)/ 1,777 20,382
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 31 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Secure Computing Corp./(1)/ 2,090 $ 20,357 RLI Corp. 496 20,336 Magnum Hunter Resources Inc./(1)/ 2,137 20,280 Proxim Inc./(1)/ 2,079 20,270 First Horizon Pharmaceutical Corp./(1)/ 779 20,264 DiamondCluster International Inc. "A"/(1)/ 2,056 20,252 Spanish Broadcasting System Inc. "A"/(1)/ 2,856 20,249 Pixelworks Inc./(1)/ 1,607 20,248 Moog Inc. "A"/(1)/ 897 20,245 Student Loan Corp. 287 20,234 Crown Cork & Seal Co. Inc. 8,822 20,202 Theragenics Corp./(1)/ 2,184 20,180 Martek Biosciences Corp./(1)(2)/ 1,107 20,147 Agile Software Corp./(1)/ 2,216 20,143 Heidrick & Struggles International Inc./(1)(2)/ 1,406 20,064 Charlotte Russe Holding Inc./(1)/ 1,544 20,057 First Financial Corp. 502 20,040 Digene Corp./(1)/ 801 20,025 Systems & Computer Technology Corp./(1)/ 2,224 20,016 Capital Automotive REIT 1,135 19,999 Suffolk Bancorp 454 19,953 Electroglas Inc./(1)/ 1,602 19,945 Strayer Education Inc. 447 19,936 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 1,923 19,903 Playtex Products Inc./(1)/ 1,957 19,864 ESCO Technologies Inc./(1)/ 797 19,845 Ocwen Financial Corp./(1)/ 2,749 19,820 Ixia/(1)/ 3,120 19,812 Speedway Motorsports Inc./(1)/ 994 19,761 Landauer Inc. 581 19,725 O'Charley's Inc./(1)/ 1,150 19,723 Ivex Packaging Corp./(1)/ 1,156 19,710 TD Waterhouse Group Inc./(1)/ 3,207 19,691 Parker Drilling Co./(1)/ 6,387 19,672 Parkway Properties Inc. 605 19,663 Tredegar Corporation 1,155 19,635 MacDermid Inc. 1,540 19,620 Farmer Mac/(1)/ 587 19,594 Quiksilver Inc./(1)/ 1,585 19,575 Equity Inns Inc. 2,719 19,550 Berry Petroleum Co. "A" 1,265 19,544 Lightbridge Inc./(1)/ 1,901 19,485 Stellent Inc./(1)(2)/ 1,352 19,469 Pre-Paid Legal Services Inc./(1)(2)/ 1,127 19,429 Avigen Inc./(1)(2)/ 1,417 19,427 E.piphany Inc./(1)(2)/ 4,569 19,418 OraSure Technologies Inc./(1)/ 1,892 19,393 Universal Health Realty Inc. 785 19,390 Roxio Inc./(1)/ 1,275 19,380 RFS Hotel Investors Inc. 1,869 19,344 Corinthian Colleges Inc./(1)/ 573 19,316 MedQuist Inc./(1)/ 767 19,290 Glacier Bancorp Inc./(2)/ 1,013 19,247 Oshkosh B'gosh Inc. "A" 740 19,240 MIPS Technologies Inc. "A"/(1)/ 2,937 19,237 Simmons First National Corp. "A" 538 19,217 Financial Federal Corp./(1)(2)/ 783 19,183 CMGI Inc./(1)(2)/ 19,159 19,159 Semco Energy Inc./(2)/ 1,335 19,157 ProBusiness Services Inc./(1)/ 1,292 19,109 Microtune Inc./(1)/ 1,671 19,049 Transwitch Corp./(1)/ 6,225 19,049 W-H Energy Services Inc./(1)/ 1,352 19,009 Winnebago Industries Inc. 884 18,962 Superior Energy Services Inc./(1)/ 3,210 18,939 Informatica Corp./(1)/ 4,791 18,924 ANSYS Inc./(1)/ 1,060 18,921 Stride Rite Corp. 3,026 18,913 Tollgrade Communications Inc./(1)/ 985 18,912 Grey Wolf Inc./(1)/ 10,502 18,904 Atwood Oceanics Inc./(1)/ 726 18,876 Deltic Timber Corp. 746 18,874 GoTo.com Inc./(1)/ 1,520 18,848 NCO Group Inc./(1)/ 1,376 18,824 Burlington Coat Factory Warehouse Corp. 1,335 18,823 Tompkins County Trustco Inc. 493 18,734 Methode Electronics Inc. "A" 2,480 18,724 Renaissance Learning Inc./(1)/ 568 18,693 JDA Software Group Inc./(1)/ 1,422 18,685 INAMED Corp./(1)/ 1,099 18,683 ABIOMED Inc./(1)(2)/ 1,068 18,658 Calgon Carbon Corp. 2,451 18,652 Per-Se Technologies Inc./(1)/ 2,347 18,635 CFS Bancorp Inc. 1,252 18,617 FSI International Inc./(1)/ 1,869 18,615 Local Financial Corporation/(1)/ 1,392 18,611 First Federal Capital Corp. 1,249 18,610 Action Performance Companies Inc./(1)(2)/ 1,020 18,574 Jakks Pacific Inc./(1)(2)/ 1,375 18,563 Pioneer-Standard Electronics Inc. 2,055 18,536
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- First Community Bancshares Inc. 586 $ 18,518 Headwaters Inc./(1)/ 1,683 18,513 Dobson Communications Corp. "A"/(1)(2)/ 1,787 18,495 West Pharmaceutical Services Inc. 750 18,450 Community Trust Bancorp Inc. 771 18,427 Airtran Holdings Inc./(1)/ 4,340 18,402 Gold Bancorp Inc. 2,362 18,400 U.S. Restaurant Properties Inc. 1,326 18,365 Area Bancshares Corp. 1,080 18,360 Steel Dynamics Inc./(1)/ 1,856 18,356 Omnova Solutions Inc. 2,933 18,331 Allegiance Telecom Inc./(1)/ 6,087 18,322 Texas Biotech Corp./(1)/ 3,237 18,289 Connecticut Bankshares Inc. 827 18,277 Yankee Candle Co. Inc. (The)/(1/(2)/ 1,068 18,263 Take-Two Interactive Software Inc./(1)(2)/ 2,581 18,248 First Merchants Corp. 793 18,239 JP Realty Inc. 814 18,193 Farmers Capital Bank Corp. 484 18,111 FTI Consulting Inc./(1)/ 616 18,110 City Bank 740 18,100 First Republic Bank/(1)/ 788 18,085 GBC Bancorp 579 18,076 Entertainment Properties Trust 1,068 18,049 Lexicon Genetics Inc./(1)/ 2,373 18,035 Viasat Inc./(1)/ 1,009 18,001 Houston Exploration Co./(1)/ 725 17,980 Ventana Medical Systems Inc./(1)/ 877 17,926 Central Parking Corp. 1,281 17,921 Encompass Service Corp./(1)/ 4,739 17,913 Manhattan Associates Inc./(1)/ 1,056 17,910 PRI Automation Inc./(1)/ 1,787 17,906 Identix Inc./(1)/ 2,195 17,867 PLATO Learning Inc./(1)/ 740 17,864 AMERCO/(1)/ 982 17,853 LSI Industries Inc. 714 17,850 Tweeter Home Entertainment Group Inc./(1)/ 1,308 17,841 Omega Financial Corp. 575 17,837 Phoenix Technologies Ltd./(1)/ 1,776 17,813 Rudolph Technologies Inc./(1)/ 722 17,805 National Western Life Insurance Company "A"/(1)/ 176 17,794 Bank of Granite Corp. 801 17,790 Pennsylvania Real Estate Investment Trust 837 17,786 MGI Pharma Inc./(1)/ 1,324 17,702 Triad Guaranty Inc./(1)/ 506 17,685 ICU Medical Inc./(1)/ 442 17,680 MTS Systems Corp. 1,537 17,676 American Physicians Capital Inc./(1)/ 851 17,675 Brush Engineered Materials 1,285 17,669 Caraustar Industries Inc. 1,911 17,658 Sterling Financial Corp.(WA) 827 17,656 Phillips-Van Heusen Corporation 1,783 17,652 Genuity Inc./(1)/ 11,207 17,595 Diversa Corp./(1)/ 1,861 17,493 Southwest Securities Group Inc./(2)/ 1,017 17,472 Universal American Financial Corp./(1)/ 3,142 17,438 Intertan Inc./(1)/ 2,220 17,427 Learning Tree International Inc./(1)/ 858 17,417 Dimon Inc. 3,017 17,348 California Pizza Kitchen Inc./(1)/ 1,095 17,345 Spartan Stores Inc./(1)/ 1,420 17,324 Cascade Natural Gas Corp. 801 17,302 Ameron Inc. 268 17,270 Frontier Airlines Inc./(1)/ 2,085 17,264 EDO Corp. 600 17,250 Community Bank System Inc. 627 17,242 Kramont Realty Trust 1,380 17,236 Dendrite International Inc./(1)/ 2,169 17,222 American HealthCorp Inc./(1)/ 488 17,202 7-Eleven Inc./(1)/ 1,778 17,158 United Community Financial Corp. 2,432 17,146 StorageNetworks Inc./(1)/ 4,316 17,091 Sotheby's Holdings Inc. "A"/(1)/ 1,425 17,086 Universal Compression Holdings Inc./(1)/ 759 17,078 Columbia Sportswear Co./(1)/ 769 17,072 TALX Corp. 800 17,049 Shopko Stores Inc./(1)/ 2,055 17,036 Ultratech Stepper Inc./(1)/ 1,418 16,973 Albany International Corp. "A"/(1)/ 1,133 16,950 West Coast Bancorp 1,255 16,943 MRV Communications Inc./(1)/ 5,641 16,923 Advanced Tissue Sciences Inc./(1)/ 4,765 16,916 Mississippi Valley Bancshares Inc. 445 16,910 CPB Inc. 534 16,880 NABI Inc./(1)/ 2,731 16,878 RailAmerica Inc./(1)(2)/ 1,350 16,875 Electronics Boutique Holdings Corp./(1)/ 626 16,871 Paxson Communications Corp./(1)/ 2,340 16,848 Lexington Corp. Properties Trust 1,149 16,833 Young Broadcasting Corp. "A"/(1)/ 1,159 16,806
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 33 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Trammell Crow Co./(1)/ 1,679 $ 16,790 Spectralink Corp./(1)/ 1,106 16,789 BankAtlantic Bancorp Inc. "A" 1,660 16,766 Boston Private Financial Holdings Inc. 857 16,720 Range Resources Corp./(1)/ 3,520 16,720 Transaction Systems Architects Inc. "A"/(1)/ 2,656 16,680 Integrated Silicon Solution Inc./(1)/ 1,937 16,639 CT Communications Inc. 1,139 16,629 Rollins Inc. 1,068 16,607 Landry's Seafood Restaurants Inc. 1,122 16,606 Gabelli Asset Management Inc. "A"/(1)/ 450 16,578 Watsco Inc. 1,266 16,572 Sterling Bancorp 576 16,560 Wilson Greatbatch Technologies Inc./(1)/ 564 16,525 Picturetel Corp./(1)/ 2,761 16,511 North Pittsburgh Systems Inc. 1,120 16,509 Curtiss Wright Corp. 354 16,496 Dollar Thrifty Automotive Group Inc./(1)/ 1,654 16,457 Russ Berrie & Co. Inc. 618 16,439 Stratos Lightwave Inc./(1)/ 4,758 16,415 C-COR.net Corp./(1)/ 2,395 16,406 Capstead Mortgage Corp. 624 16,399 Universal Forest Products Inc. 861 16,376 Allen Telecom Inc./(1)/ 1,882 16,373 Forrester Research Inc./(1)/ 985 16,361 FBL Financial Group Inc. "A" 976 16,319 Pemstar Inc./(1)/ 1,419 16,319 Prima Energy Corp./(1)/ 732 16,214 Washington Trust Bancorp Inc. 876 16,206 Penn Virginia Corp. 575 16,186 Inter-Tel Inc. 1,411 16,170 ChemFirst Inc. 801 16,164 TRC Companies Inc./(1)/ 447 16,155 Oriental Financial Group Inc. 801 16,140 Steak n Shake Company (The)/(1)/ 1,629 16,127 Universal Electronics Inc./(1)/ 1,068 16,105 First Place Financial Corp. 1,127 16,094 Scansource Inc./(1)/ 359 16,080 Pure Resources Inc./(1)/ 1,005 16,030 Aaron Rents Inc. "B" 1,034 16,027 Cato Corp. "A" 1,068 15,977 Insignia Financial Group Inc./(1)/ 1,516 15,918 Hickory Tech Corp. 975 15,893 Shuffle Master Inc./(1)/ 1,258 15,863 Luminex Corp./(1)(2)/ 1,160 15,834 CoStar Group Inc./(1)/ 881 15,832 Connecticut Water Service Inc. 572 15,792 CDI Corp./(1)/ 982 15,761 Wintrust Financial Corp. 507 15,742 Buckeye Technologies Inc./(1)/ 1,586 15,701 United Therapeutics Inc./(1)(2)/ 1,248 15,675 Cytogen Corp./(1)/ 5,789 15,630 Stewart Information Services Corp./(1)/ 801 15,620 Marcus Corp. 1,301 15,612 Seitel Inc./(1)(2)/ 1,552 15,598 CCBT Financial Companies Inc. 621 15,537 Pegasus Solutions Inc./(1)/ 1,854 15,537 Planar Systems Inc./(1)/ 770 15,485 Arctic Cat Inc. 1,148 15,475 Peoples Holding Co. 461 15,439 Fisher Communications Inc. 296 15,392 Akamai Technologies Inc./(1)/ 5,283 15,374 Fidelity Bankshares Inc. 1,150 15,352 Connetics Corp./(1)/ 2,346 15,343 Knight Transportation Inc./(1)/ 801 15,339 Netegrity Inc./(1)(2)/ 1,789 15,332 Oneida Ltd. 1,068 15,326 Net.B@nk Inc./(1)/ 1,827 15,292 Alliance Gaming Corp./(1)(2)/ 1,076 15,279 Safeguard Scientifics Inc./(1)/ 8,629 15,273 First Indiana Corp. 741 15,265 MidAmerica Bancorp 608 15,261 Cubic Corp. 442 15,249 M/I Schottenstein Homes Inc. 451 15,244 Pilgrim's Pride Corp. "B" 1,104 15,235 Innkeepers USA Trust/(2)/ 1,692 15,228 Banner Corporation 788 15,224 Saul Centers Inc. 801 15,219 CNA Surety Corp. 1,123 15,217 Advanta Corp. "A" 1,618 15,209 Remington Oil & Gas Corp./(1)/ 1,159 15,171 Memberworks Inc./(1)/ 737 15,160 Old Second Bancorp Inc. 446 15,146 Tetra Technologies Inc./(1)/ 867 15,103 Standex International Corp. 801 15,099 Cumulus Media Inc. "A"/(1)/ 2,169 15,075 Impax Laboratories Inc./(1)/ 1,151 15,067 Advanced Marketing Services Inc. 980 15,043 Vastera Inc./(1)/ 1,343 15,042 DVI Inc./(1)/ 885 15,036
- -------------------------------------------------------------------------------- page 34 i|Shares iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Trans World Entertainment Corp./(1)/ 1,945 $ 15,035 NextCard Inc./(1)/ 2,351 14,976 CoorsTek Inc./(1)/ 599 14,969 Endocare Inc./(1)/ 852 14,953 Guitar Center Inc./(1)/ 1,254 14,923 Cash American Investments Inc. 1,639 14,915 Nuevo Energy Co./(1)/ 1,069 14,913 Myers Industries Inc. 1,258 14,907 AXT Inc./(1)/ 1,406 14,904 Stein Mart Inc./(1)/ 1,815 14,883 Interpool Inc. 1,019 14,877 ACLARA BioSciences Inc./(1)/ 2,645 14,865 BE Aerospace Inc./(1)/ 1,955 14,858 Novavax Inc./(1)/ 1,051 14,819 NBC Capital Corporation 452 14,803 Sierra Health Services Inc./(1)/ 1,783 14,799 Central Vermont Public Service Corporation 846 14,797 BioMarin Pharmaceutical Inc./(1)/ 1,515 14,771 Wackenhut Corp. "A"/(1)(2)/ 620 14,756 Watts Industries Inc. "A" 1,124 14,724 Endo Pharmaceuticals Holdings Inc./(1)/ 1,356 14,713 Possis Medical Inc./(1)(2)/ 1,256 14,696 Genta Inc./(1)(2)/ 1,419 14,687 Arqule Inc./(1)/ 1,405 14,682 Neurogen Corp./(1)/ 892 14,638 Zenith National Insurance Corp. 595 14,637 CARBO Ceramics Inc. 528 14,626 Century Business Services Inc./(1)/ 5,849 14,622 Sinclair Broadcast Group "A"/(1)/ 1,814 14,621 Unova Inc./(1)/ 3,281 14,600 Right Management Consultants Inc./(1)/ 470 14,594 Caliper Technologies Corp./(1)/ 1,577 14,587 Expedia Inc. "A"/(1)(2)/ 600 14,574 Hunt /(J.B.)/ Transport Services Inc.(1) 1,117 14,566 Independent Bank Corp.(MA) 893 14,556 Interface Inc. "A" 3,381 14,538 Investors Real Estate Trust 1,558 14,536 OceanFirst Financial Corp. 579 14,533 Skechers U.S.A. Inc. "A"/(1)(2)/ 1,244 14,530 Second Bancorp Inc. 708 14,514 Centex Construction Products Inc. 491 14,509 3TEC Energy Corp./(1)/ 1,018 14,506 Energy Conversion Devices Inc./(1)/ 882 14,500 Great Lakes REIT Inc. 889 14,491 AFC Enterprises Inc./(1)/ 710 14,484 Vical Inc./(1)/ 1,421 14,480 Intuitive Surgical Inc./(1)/ 2,320 14,477 Bangor Hydro-Electric Co. 543 14,460 Citizens Inc./(1)/ 1,424 14,439 Guilford Pharmaceuticals Inc./(1)/ 1,675 14,422 Kendle International Inc./(1)/ 730 14,410 AMC Entertainment Inc./(1)/ 1,370 14,385 AAR Corp. 1,794 14,370 Standard Register Co. 991 14,370 Gerber Scientific Inc. 1,367 14,353 Valmont Industries Inc. 1,025 14,350 Lone Star Steakhouse & Saloon Inc. 1,328 14,342 TriZetto Group Inc. (The)/(1)/ 1,629 14,335 Casella Waste Systems Inc. "A"/(1)/ 1,286 14,313 deCODE genetics Inc./(1)/ 2,319 14,308 Sturm Ruger & Co. Inc. 1,378 14,304 Astec Industries Inc./(1)/ 1,096 14,259 Del Monte Foods Co./(1)/ 1,850 14,245 Dover Downs Entertainment Inc. 1,150 14,237 Daisytek International Corp./(1)/ 1,253 14,209 Penwest Pharmaceuticals Co./(1)/ 824 14,198 First Busey Corp. "A" 719 14,193 New England Business Service Inc. 815 14,140 American Superconductor Corp./(1)/ 1,513 14,131 Children's Place Retail Stores Inc./(1)(2)/ 786 14,093 BroadVision Inc./(1)(2)/ 15,486 14,092 R&G Financial Corp. "B" 819 14,087 Financial Institutions Inc. 600 14,064 Finish Line Inc. (The)/(1)/ 1,295 14,051 Artesyn Technologies Inc./(1)/ 2,578 14,024 Praecis Pharmaceuticals Inc./(1)/ 3,759 14,021 Magnetek Inc./(1)/ 1,526 14,009 BSB Bancorp Inc. 601 13,985 Bone Care International Inc./(1)/ 717 13,953 Senior Housing Properties Trust 1,037 13,948 Salem Communications Corp. "A"/(1)/ 715 13,943 EPIQ Systems Inc./(1)(2)/ 546 13,923 Santander Bancorp 715 13,921 Fossil Inc./(1)(2)/ 885 13,903 Brightpoint Inc./(1)/ 4,466 13,845 Indus International Inc./(1)/ 2,322 13,839 Register.com/(1)/ 1,395 13,838 Emcore Corp./(1)/ 1,616 13,833 National Processing Inc./(1)/ 494 13,832 Versicor Inc./(1)/ 1,032 13,829
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 35 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Alliance Semiconductor Corp./(1)/ 1,924 $ 13,814 Redback Networks Inc./(1)/ 9,525 13,811 Western Multiplex Corp./(1)/ 3,693 13,810 RadiSys Corp./(1)/ 1,148 13,776 Presstek Inc./(1)/ 2,219 13,758 Championship Auto Racing Teams Inc./(1)/ 988 13,733 Milacron Inc. 1,146 13,706 Pope & Talbot Inc. 1,068 13,670 Riggs National Corp. 881 13,656 Octel Corp./(1)/ 748 13,651 Vital Sign Inc. 446 13,648 Geron Corp./(1)(2)/ 1,421 13,642 Westfield America Inc. 844 13,631 CorVel Corp./(1)/ 518 13,623 Gymboree Co./(1)/ 2,088 13,572 Dyax Corp./(1)/ 1,409 13,555 Glatfelter (P.H.) Co. 884 13,534 Columbia Banking System Inc./(1)/ 987 13,522 Centra Software Inc./(1)/ 1,579 13,516 Durect Corp./(1)/ 1,392 13,475 Electro Rent Corp./(1)/ 1,068 13,467 Mission West Properties Inc. 1,121 13,452 Professional Detailing Inc./(1)/ 564 13,451 AnswerThink Consulting Group Inc./(1)/ 2,852 13,404 Silgan Holdings Inc./(1)/ 732 13,396 Rightchoice Managed Care Inc./(1)/ 267 13,363 Sports Resorts International Inc./(1)(2)/ 1,855 13,337 Lindsay Manufacturing Co. 751 13,330 NCI Building Systems Inc./(1)/ 1,158 13,317 NaPro BioTherapeutics Inc./(1)/ 1,681 13,280 UNB Corp. 779 13,259 SERENA Software Inc./(1)/ 1,137 13,246 Bank Mutual Corp. 822 13,234 Interneuron Pharmaceuticals Inc./(1)/ 2,651 13,202 Conestoga Enterprises Inc. 575 13,196 Umpqua Holdings Corp./(2)/ 1,068 13,190 Robbins & Myers Inc. 534 13,163 Nortek Inc./(1)/ 610 13,146 Brown Shoe Company Inc. 1,158 13,143 Vans Inc./(1)/ 1,143 13,133 Brookline Bancorp Inc. 875 13,125 Polymedica Industries Corp./(1)(2)/ 859 13,117 United Natural Foods Inc./(1)/ 720 13,090 Actuate Corp./(1)/ 3,123 13,085 Thor Industries Inc. 479 13,077 Clark/Bardes Holdings Inc./(1)/ 606 13,065 State Auto Financial Corp. 979 13,050 AO Smith Corp. "B" 743 13,032 Main Street Banks Inc. 723 13,007 RTI International Metals Inc./(1)/ 1,556 12,993 U.S. Industries Inc. 5,645 12,984 Bethlehem Steel Corp./(1)/ 10,123 12,957 Crossmann Communities Inc. 493 12,951 United Industial Corp. 881 12,951 Antigenics Inc./(1)(2)/ 1,015 12,941 Integral Systems Inc./(1)/ 716 12,917 Vasomedical Inc./(1)/ 4,206 12,912 MCSi Inc./(1)(2)/ 801 12,904 Arrow Financial Corp. 461 12,894 Commonwealth Bancorp Inc. 625 12,887 Kadant Inc./(1)/ 999 12,887 UnitedGlobalCom Inc. "A"/(1)(2)/ 5,554 12,885 Irwin Financial Corp./(2)/ 616 12,874 Imatron Inc./(1)/ 7,222 12,855 Organogenesis Inc./(1)/ 2,196 12,847 Consolidated Graphics Inc./(1)/ 752 12,844 Keynote Systems Inc./(1)/ 1,685 12,806 Crown Media Holdings Inc./(1)/ 1,248 12,792 IDX Systems Corp./(1)/ 1,248 12,792 Sirius Satellite Radio Inc./(1)(2)/ 3,563 12,791 Encore Wire Corp./(1)/ 986 12,769 Flushing Financial Corp. 793 12,767 Therma-Wave Inc./(1)/ 1,243 12,766 Bei Technologies Inc. 795 12,760 Sonosite Inc./(1)(2)/ 625 12,750 Arena Pharmaceuticals Inc./(1)/ 1,159 12,749 MRO Software Inc./(1)/ 1,249 12,740 TBC Corp./(1)/ 1,289 12,735 Integrated Electrical Services Inc./(1)/ 2,311 12,711 Saga Communications Inc./(1)/ 734 12,706 aaiPharma Inc./(1)/ 738 12,694 SPSS Inc./(1)/ 737 12,684 First Essex Bancorp Inc. 483 12,679 Sage Inc./(1)/ 831 12,673 Xicor Inc./(1)/ 1,594 12,672 Hotel Reservations Network Inc. "A"/(1)(2)/ 557 12,666 Skyline Corp. 474 12,656 MTR Gaming Group Inc./(1)(2)/ 1,364 12,644 Nuance Communications Inc./(1)/ 1,945 12,643 City Holding Co. 1,264 12,640
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Community Banks Inc. 518 $ 12,639 Rural Cellular Corp. "A"/(1)/ 517 12,563 Websense Inc./(1)/ 1,148 12,513 Startek Inc./(1)/ 715 12,505 Standard Commercial Corp. 760 12,502 Building Materials Holdings Corp./(1)/ 890 12,496 Kroll Inc./(1)/ 1,097 12,495 Merix Corp./(1)/ 889 12,490 Penn Engineering & Manufacturing Corp. 879 12,482 WestCorp Inc. 727 12,468 BancFirst Ohio Corp. 568 12,411 Factory 2-U Stores Inc./(1)/ 885 12,390 Mid Atlantic Realty Trust 885 12,390 Boston Communications Group Inc./(1)/ 1,105 12,376 Information Resources Inc./(1)/ 1,949 12,376 AVANIR Pharmaceuticals "A"/(1)/ 4,265 12,368 Cognizant Technology Solutions Corp./(1)/ 552 12,365 webMethods Inc./(1)(2)/ 1,789 12,362 Hydril Co./(1)/ 887 12,356 Kansas City Life Insurance Co. 353 12,355 New Focus Inc./(1)/ 3,818 12,332 Wabash National Corp. 1,787 12,330 K Swiss Inc. "A" 502 12,324 United Fire & Casualty Co. 479 12,296 Woodhead Industries Inc. 820 12,267 Arris Group Inc./(1)/ 3,426 12,265 Rent-A-Center Inc./(1)/ 525 12,206 Avid Technology Inc./(1)/ 1,673 12,196 WatchGuard Technologies Inc./(1)/ 1,581 12,110 Port Financial Corp. 505 12,059 Midland Co. 297 12,058 Associated Estates Realty Corp. 1,255 12,048 Acacia Research Corp./(1)(2)/ 1,309 12,030 Redwood Trust Inc./(2)/ 499 12,026 Spectrasite Holdings Inc./(1)/ 4,990 12,026 Matrixone Inc./(1)/ 2,209 12,017 Tejon Ranch Co./(1)/ 534 12,015 Key Productions Co. Inc./(1)/ 1,040 12,012 4Kids Entertainment Inc./(1)(2)/ 603 12,000 Regeneration Technologies Inc./(1)/ 1,028 11,976 SIPEX Corp./(1)/ 1,853 11,970 National Golf Properties Inc. 745 11,957 Semitool Inc./(1)/ 1,250 11,950 Research Frontiers Inc./(1)(2)/ 735 11,944 BKF Capital Group Inc./(1)/ 442 11,934 USB Holding Co. Inc. 801 11,895 dELiA*s Corp. "A"/(1)/ 2,219 11,849 First Bancorp North Carolina 493 11,832 Ackerly Group Inc. /(The)/(1) 1,105 11,823 Capital City Bank Group Inc. 503 11,805 Luby's Inc./(1)/ 1,651 11,805 SBS Technologies Inc./(1)/ 1,056 11,785 Middlesex Water Co. 357 11,781 St Francis Capital Corp. 551 11,764 Sequa Corp. "A"/(1)/ 260 11,762 Bel Fuse Inc. "B" 605 11,761 Corvas International Inc./(1)/ 2,045 11,759 Centennial Bancorp 1,559 11,755 Audiovox Corp. "A"/(1)/ 1,283 11,727 Movado Group Inc. 755 11,703 Zygo Corp./(1)/ 1,134 11,692 Active Power Inc./(1)/ 2,329 11,668 F5 Networks Inc./(1)(2)/ 1,257 11,665 Covansys Corporation/(1)/ 1,333 11,650 Titan Pharmaceuticals Inc./(1)/ 1,864 11,650 First Niagara Financial Group Inc. 732 11,617 Navigant Consulting Co./(1)/ 3,129 11,609 McDATA Corporation "A"/(1)/ 1,383 11,603 Eden Bioscience Corp./(1)(2)/ 1,522 11,598 Insurance Auto Auctions Inc./(1)/ 858 11,583 Hovnanian Enterprises Inc. "A"/(1)/ 1,001 11,542 Metasolv Inc./(1)/ 1,923 11,538 Proton Energy Systems Inc./(1)/ 2,445 11,516 SCPIE Holdings Inc. 715 11,512 Zomax Inc./(1)/ 2,120 11,512 Cygnus Inc./(1)(2)/ 2,057 11,457 Farmer Brothers Co. 52 11,440 Pinnacle Systems Inc./(1)/ 3,922 11,413 Flagstar Bancorp Inc. 494 11,411 First Consulting Group Inc./(1)/ 1,269 11,408 Seacoast Banking Corp. of Florida 270 11,391 CSK Auto Corp./(1)/ 1,822 11,387 Atlas Air Inc./(1)(2)/ 1,155 11,377 Lakeland Bancorp Inc. 813 11,341 Alexander's Inc./(1)/ 186 11,327 Centillium Communications Inc./(1)/ 1,869 11,326 Esperion Therapeutics Inc./(1)/ 1,517 11,302 Radiant Systems Inc./(1)/ 1,108 11,302 Energy Partners Ltd./(1)/ 1,619 11,301 Haverty Furniture Companies Inc. 1,147 11,298
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 37 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ InteliData Technologies Corp./(1)/ 3,438 $ 11,277 Crown American Realty Trust 1,571 11,154 Movie Gallery Inc./(1)/ 538 11,153 World Wrestling Federation Entertainment Inc./(1)/ 844 11,141 Internap Network Services Corp./(1)/ 11,139 11,139 HEICO Corp. 741 11,115 SY Bancorp Inc. 346 11,072 Herbalife International Inc. "A"/(2)/ 1,096 11,069 Playboy Enterprises Inc. "B"/(1)/ 892 11,016 DigitalThink Inc./(1)/ 1,424 11,008 Stanley Furniture Co. Inc./(1)/ 454 10,950 DUSA Pharmaceuticals Inc./(1)/ 1,067 10,947 NL Industries Inc. 730 10,943 Buca Inc./(1)/ 975 10,939 Applica Inc./(1)/ 1,294 10,934 Supertex Inc./(1)/ 716 10,912 Urocor Inc./(1)/ 618 10,864 HotJobs.com Ltd./(1)/ 1,818 10,853 Urologix Inc./(1)(2)/ 798 10,853 Vitria Technology Inc./(1)/ 5,279 10,822 McGrath Rentcorp 502 10,798 Holly Corp. 596 10,776 Aspect Medical Systems Inc./(1)/ 983 10,764 NTELOS Inc./(1)/ 1,289 10,763 NeoPharm Inc./(1)/ 766 10,762 Denbury Resources Inc./(1)/ 1,298 10,760 Getty Realty Corp. 597 10,746 Powell Industries Inc./(1)/ 474 10,736 Portal Software Inc./(1)/ 7,204 10,734 Ultimate Electronics Inc./(1)/ 618 10,722 Metromedia Fiber Network Inc. "A"/(1)/ 31,511 10,714 Boykin Lodging Co. 1,335 10,680 WFS Financial Inc./(1)/ 601 10,668 Chiles Offshore Inc./(1)/ 527 10,645 Bassett Furniture Industries Inc. 761 10,631 Coastal Bancorp Inc. 301 10,625 Comstock Resources Inc./(1)/ 1,786 10,609 Midas Inc. 1,069 10,583 Computerized Thermal Imaging Inc./(1)/ 4,719 10,571 Gorman Rupp Co. 543 10,534 Celeritek Inc./(1)/ 890 10,529 Genzyme Corp. - Biosurgery Division/(1)/ 2,690 10,491 Aphton Corp./(1)(2)/ 1,067 10,489 Entrust Technologies Inc./(1)/ 3,657 10,422 X-Rite Inc. 1,319 10,420 JNI Corp./(1)/ 1,666 10,413 Cleveland-Cliffs Inc. 722 10,397 Advanced Neuromodulation Systems Inc./(1)/ 502 10,391 Lufkin Industries Inc. 453 10,383 CardioDynamics International Corp./(1)(2)/ 2,146 10,301 American Woodmark Corp. 350 10,272 Quaker Chemical Corp. 565 10,255 Digimarc Corp./(1)/ 744 10,245 Northfield Laboratories Inc./(1)(2)/ 786 10,226 Pennfed Financial Services Inc. 454 10,206 Lexent Inc./(1)/ 1,406 10,194 Oregon Steel Mills Inc./(1)/ 1,903 10,181 Parkervision Inc./(1)(2)/ 564 10,175 Lecroy Corp./(1)/ 525 10,169 BancFirst Corp. 297 10,157 USG Corp./(2)/ 2,723 10,157 German American Bancorp 616 10,133 II-VI Inc./(1)/ 777 10,124 Penn National Gaming Inc./(1)/ 617 10,119 NewPower Holdings Inc./(1)/ 3,281 10,105 Avant Immunotherapeutics Inc./(1)/ 4,253 10,080 Resource America Inc. "A" 1,127 10,075 WSFS Financial Corp. 611 10,069 IBERIABANK Corp. 352 10,067 Capitol Transamerica Corp. 615 10,061 Vidamed Inc./(1)/ 2,630 10,047 Aether Systems Inc./(1)(2)/ 1,601 10,038 Standard Microsystems Corp./(1)/ 1,068 10,018 Isle of Capris Casinos Inc./(1)(2)/ 1,406 9,981 Inspire Pharmaceuticals Inc./(1)/ 1,151 9,968 Trico Marine Services Inc./(1)/ 1,683 9,963 Global Sports Inc./(1)(2)/ 852 9,926 Southern Peru Copper Corp. 1,047 9,894 Oxford Industries Inc. 451 9,877 Symmetricom Inc./(1)/ 1,815 9,874 Watson Wyatt & Co. Holdings/(1)/ 621 9,874 Pharmos Corp./(1)/ 4,045 9,870 RPC Inc. 793 9,857 UniFirst Corp. 583 9,853 Pitt-Des Moines Inc. 323 9,852 Magna Entertainment Corp. "A"/(1)/ 1,623 9,835 Select Medical Corp./(1)/ 624 9,828 Cole National Corp./(1)/ 739 9,807 Jill (J.) Group Inc. (The)/(1)/ 784 9,800
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Security Shares Value - --------------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------------- EntreMed Inc./(1)(2)/ 1,119 $ 9,791 Quixote Corp. 466 9,791 Osmonics Inc./(1)/ 783 9,788 Array BioPharma Inc./(1)/ 1,084 9,778 Meritage Corp./(1)/ 264 9,768 Allscripts Healthcare Solutions Inc./(1)(2)/ 2,318 9,736 Cheap Tickets Inc./(1)/ 594 9,736 Specialty Laboratories Inc./(1)/ 354 9,735 Boyd Gaming Corp./(1)/ 2,185 9,723 Natures Sunshine Products Inc. 848 9,710 Carreker Corp./(1)/ 1,276 9,685 Digital Lightwave Inc./(1)(2)/ 986 9,673 Travelocity.com Inc./(1)(2)/ 727 9,669 American Axle & Manufacturing Holdings Inc./(1)/ 758 9,664 Transmeta Corp./(1)/ 6,852 9,661 Sequenom Inc./(1)(2)/ 1,380 9,660 La Jolla Pharmaceutical Co./(1)/ 2,362 9,613 Coachmen Industries Inc. 1,068 9,612 Excel Technology Inc./(1)/ 610 9,595 Roanoke Electrics Steel Corp. 806 9,591 Genome Therapeutics Corp./(1)/ 1,653 9,587 Butler Manufacturing Co. 441 9,570 Midwest Banc Holdings Inc. 447 9,557 Rigel Pharmaceuticals Inc./(1)/ 1,909 9,545 Labor Ready Inc./(1)/ 2,991 9,541 DuPont Photomasks Inc./(1)/ 343 9,529 Rent-Way Inc./(1)/ 1,815 9,529 Nanometrics Inc./(1)/ 538 9,528 Dendreon Corp./(1)/ 1,120 9,520 Flow International Corp./(1)/ 983 9,515 Microvision Inc./(1)(2)/ 742 9,498 Great Southern Bancorp Inc. 358 9,491 Central Coast Bancorp/(1)/ 451 9,457 Pricesmart Inc./(1)/ 270 9,450 Kos Pharmaceuticals Inc./(1)/ 339 9,441 Gray Communications Systems Inc. 620 9,424 Somera Communications Inc./(1)/ 2,187 9,404 Viewpoint Corp./(1)/ 2,761 9,387 Midwest Express Holdings Inc./(1)/ 885 9,381 Baldwin & Lyons Inc. "B" 483 9,375 Garan Inc. 269 9,375 Hancock Fabrics Inc. 1,142 9,364 Siliconix Inc./(1)/ 450 9,347 Mattson Technology Inc./(1)/ 2,325 9,300 Circor International Inc. 619 9,285 Conceptus Inc./(1)/ 532 9,257 Sykes Enterprises Inc./(1)/ 1,659 9,257 Actrade Financial Technologies Ltd./(1)(2)/ 503 9,240 Rock-Tenn Company "A" 840 9,240 kForce.com Inc./(1)/ 1,831 9,210 Medicines Company (The)/(1)(2)/ 1,516 9,172 U.S. Concrete Inc./(1)/ 1,255 9,124 Alloy Online Inc./(1)(2)/ 739 9,119 Caminus Corp./(1)/ 621 9,116 Wild Oats Markets Inc./(1)(2)/ 1,148 9,115 National Healthcare Corp./(1)/ 592 9,111 3D Systems Corp./(1)/ 584 9,110 Martha Stewart Living Inc. "A"/(1)(2)/ 611 9,104 Friedman Billings Ramsey Group Inc. "A"/(1)/ 1,783 9,093 Elizabeth Arden Inc./(1)/ 712 9,092 Medford Bancorp Inc. 469 9,052 Vion Pharmaceuticals Inc./(1)/ 1,928 9,023 NS Group Inc./(1)/ 1,326 9,017 Pomeroy Computer Resources/(1)/ 745 8,977 Acadia Realty Trust 1,383 8,976 Resources Connection Inc./(1)/ 490 8,908 Prosperity Bancshares Inc. 346 8,892 Global Imaging Systems Inc./(1)/ 508 8,885 SpeechWorks International Inc./(1)/ 1,799 8,869 Illumina Inc./(1)/ 1,362 8,853 SJNB Financial Corp. 212 8,853 QRS Corp./(1)(2)/ 1,053 8,845 Northwest Bancorp Inc. 883 8,839 Supergen Inc./(1)/ 1,253 8,834 MB Financial Inc./(1)/ 352 8,800 Recoton Corp./(1)/ 712 8,793 Clarent Corp./(1)/ 1,631 8,758 Columbia Laboratories Inc./(1)/ 1,946 8,738 Daktronics Inc./(1)(2)/ 992 8,730 Lynch Interactive Corp./(1)/ 176 8,712 PICO Holdings Inc./(1)/ 792 8,712 International Specialty Products Inc./(1)/ 986 8,706 Pain Therapeutics Inc./(1)/ 1,243 8,701 Acclaim Entertainment Inc./(1)/ 3,216 8,619 Mastec Inc./(1)/ 1,689 8,614 Silicon Laboratories Inc./(1)/ 624 8,605 Trex Co. Inc./(1)(2)/ 493 8,603 Ambassadors International Inc. 514 8,584 Key3Media Group Inc./(1)/ 2,159 8,550
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Security Shares Value - --------------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------------- Genzyme Corp. - Molecular Oncology/(1)/ 1,103 $ 8,548 Mail-Well Inc./(1)/ 2,310 8,547 Credit Acceptance Corp./(1)/ 976 8,530 Smart & Final Inc./(1)/ 836 8,510 Applied Molecular Evolution Inc./(1)/ 1,150 8,498 Liqui-Box Corp. 206 8,498 Terra Industries Inc./(1)/ 2,853 8,473 Lawson Products Inc. 347 8,467 Boston Beer Co Inc. "A"/(1)/ 719 8,455 Burnham Pacific Properties Inc. 1,693 8,448 Telik Inc./(1)/ 1,296 8,424 Spectrian Corp./(1)(2)/ 842 8,420 Meridian Resource Corp. (The)/(1)/ 2,588 8,411 Trendwest Resorts Inc./(1)(2)/ 339 8,390 Aviall Inc./(1)/ 1,364 8,389 J & J Snack Foods Corp./(1)/ 446 8,363 infoUSA Inc./(1)/ 2,055 8,343 Discount Auto Parts Inc./(1)/ 604 8,335 National Presto Industries Inc. 308 8,285 PetroQuest Energy Inc./(1)/ 1,646 8,279 Quaker City Bancorp Inc./(1)/ 276 8,277 Winston Hotels Inc. 1,045 8,256 Valence Technology Inc./(1)/ 2,331 8,252 Global Power Equipment Group Inc./(1)/ 542 8,238 Private Media Group Inc./(1)(2)/ 1,062 8,231 Curis Inc./(1)/ 2,346 8,211 LaSalle Hotel Properties 888 8,205 Great American Financial Resources Inc. 451 8,186 Miravant Medical Technologies/(1)/ 1,068 8,170 Avant! Corp./(1)(2)/ 2,757 8,161 Nu Horizons Electronics Corp./(1)/ 1,080 8,154 Stepan Co. 450 8,123 Paradigm Genetics Inc./(1)/ 1,295 8,094 Progenics Pharmaceuticals Inc./(1)/ 581 8,076 Lantronix Inc./(1)/ 1,323 8,070 AMCOL International Corp. 1,425 8,051 Avatar Holdings/(1)/ 349 8,048 Wackenhut Corrections Corp./(1)/ 600 8,040 Vail Resorts Inc./(1)/ 578 8,034 PC-Tel Inc./(1)/ 1,067 8,003 Purina Mills Inc./(1)/ 359 7,970 Quicksilver Resources Inc./(1)/ 586 7,970 K2 Inc./(1)/ 1,330 7,953 Encore Acquisition Co./(1)/ 530 7,950 Pinnacle Entertainment Inc./(1)/ 1,336 7,949 Sciclone Pharmaceuticals Inc./(1)/ 2,372 7,946 Regent Communications Inc./(1)/ 1,315 7,916 Century Aluminum Company 987 7,906 Bell Microproducts Inc./(1)/ 1,028 7,905 United Auto Group Inc./(1)/ 475 7,904 Metawave Communications Corp./(1)/ 2,927 7,903 XO Communications Inc. "A"/(1)(2)/ 19,230 7,884 Gulfmark Offshore Inc./(1)/ 326 7,824 WESCO International Inc./(1)/ 1,519 7,823 Armstrong Holdings Inc./(1)/ 2,859 7,805 Corporate Office Properties Trust 715 7,793 Plug Power Inc./(1)(2)/ 810 7,792 Concord Camera Corp./(1)/ 1,778 7,788 OSCA Inc./(1)/ 502 7,781 Med-Design Corp. (The)/(1)(2)/ 539 7,762 Netro Corp./(1)/ 2,874 7,760 AVI BioPharma Inc./(1)(2)/ 1,048 7,755 Spiegel Inc. "A" 1,098 7,741 Buckle Inc. (The)/(1)/ 469 7,738 Riviana Foods Inc. 446 7,729 Auspex Systems Inc./(1)/ 3,286 7,722 SoundView Technology Group Inc./(1)/ 3,827 7,692 CPI Corp. 534 7,674 FalconStor Software Inc./(1)(2)/ 880 7,630 I-Stat Corp./(1)/ 1,242 7,576 Universal Display Corp./(1)(2)/ 1,067 7,522 Wyndham International Inc. "A"/(1)/ 11,544 7,504 Syntroleum Corp./(1)/ 1,593 7,471 Ingles Markets Inc. "A" 622 7,464 EarthShell Corp./(1)/ 3,378 7,432 Sanchez Computer Associates Inc./(1)/ 987 7,422 Silicon Image Inc./(1)/ 3,540 7,399 Dura Automotive Systems Inc./(1)/ 1,024 7,373 Wireless Facilities Inc./(1)/ 1,649 7,371 Novadigm Inc./(1)/ 999 7,343 NN Inc. 841 7,334 Genencor International Inc./(1)(2)/ 743 7,326 Infonet Services Corp. "B" ADR(1) 3,404 7,319 Green Mountain Coffee Inc./(1)/ 317 7,307 Dril-Quip Inc./(1)/ 471 7,300 Friedman's Inc. 1,032 7,286 Lydall Inc./(1)/ 1,098 7,247 TriPath Imaging Inc./(1)/ 1,683 7,237 Wilsons The Leather Experts Inc./(1)/ 800 7,232 Aurora Foods Inc./(1)/ 1,808 7,214
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Security Shares Value - --------------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------------- CSS Industries Inc./(1)/ 285 $ 7,210 MapInfo Corp./(1)/ 985 7,191 Red Hat Inc./(1)/ 2,047 7,165 MicroFinancial Inc. 521 7,164 Maxim Pharmaceuticals Inc./(1)/ 1,810 7,150 Ditech Communications Corp./(1)/ 1,693 7,111 Valhi Inc. 534 7,102 NCH Corp. 181 7,093 Foamex International Inc./(1)/ 1,151 7,079 Exide Corp. 1,882 7,076 Fedders Corp. 1,814 7,075 Mesa Air Group Inc./(1)(2)/ 2,168 7,068 Aspect Communications Corp./(1)/ 3,948 7,067 HI/FN Inc./(1)/ 715 7,043 SJW Corp. 86 7,043 Genrad Inc./(1)/ 2,146 7,017 New Century Financial Corp./(1)(2)/ 714 6,997 Tanger Factory Outlet Centers Inc. 338 6,997 VaxGen Inc./(1)(2)/ 559 6,988 Peregrine Pharmaceuticals/(1)/ 7,030 6,960 CoBiz Inc. 538 6,940 1-800-FLOWERS.com Inc./(1)/ 575 6,934 Navigant International Inc./(1)/ 862 6,930 RCN Corp./(1)/ 2,160 6,912 eSPEED Inc. "A"/(1)(2)/ 865 6,911 Witness Systems Inc./(1)/ 848 6,911 Republic Bancorp Inc. "A" 520 6,890 Option Care Inc./(1)(2)/ 443 6,884 Gibraltar Steel Corp. 454 6,855 Cell Pathways Inc./(1)(2)/ 2,074 6,823 Catalytica Energy Systems Inc./(1)/ 890 6,817 Artisan Components Inc./(1)/ 859 6,803 LodgeNet Entertainment Corp./(1)/ 619 6,803 Virage Logic Corp./(1)/ 619 6,766 Steinway Musical Instruments Inc./(1)/ 466 6,752 Kenneth Cole Productions "A"/(1)/ 533 6,742 IMPCO Technologies Inc./(1)(2)/ 579 6,740 SONICblue Inc./(1)/ 6,178 6,734 Silicon Graphics Inc./(1)/ 14,636 6,733 Sunrise Telecom Inc./(1)/ 1,348 6,727 Hexcel Corp./(1)/ 1,678 6,712 Closure Medical Corp./(1)/ 347 6,680 Triangle Pharmaceuticals Inc./(1)/ 2,087 6,678 Value Line Inc. 174 6,664 Metromedia International Group Inc./(1)/ 5,545 6,654 SCM Microsystems Inc./(1)/ 1,068 6,632 Volt Information Sciences Inc./(1)/ 552 6,613 PLX Technology Inc./(1)/ 1,279 6,612 Medallion Financial Corp. 801 6,608 KCS Energy Inc./(1)(2)/ 1,864 6,580 Xybernaut Corp./(1)/ 3,290 6,580 Keithley Instruments Inc. 458 6,572 Aware Inc./(1)/ 1,664 6,556 Alico Inc. 258 6,540 Micro General Corp./(1)/ 762 6,538 Lithia Motors Inc. "A"/(1)/ 470 6,533 Horizon Offshore Inc./(1)/ 1,068 6,515 Turnstone Systems Inc./(1)(2)/ 2,171 6,513 ATS Medical Inc./(1)/ 1,627 6,508 Insmed Incorporated/(1)/ 2,427 6,504 Aksys Ltd./(1)/ 1,287 6,499 Transgenomic Inc./(1)/ 858 6,478 Valentis Inc./(1)/ 2,157 6,471 Novoste Corp./(1)/ 1,090 6,464 Orchid Biosciences Inc./(1)/ 2,950 6,461 Keystone Property Trust 507 6,439 Wave Systems Corp. "A"/(1)/ 3,808 6,436 Centennial Cellular Corp. "A"/(1)/ 715 6,435 Troy Financial Corp. 303 6,405 Avanex Corp./(1)/ 2,155 6,379 Trikon Technologies Inc./(1)/ 755 6,372 Liberty Digital Inc. "A"/(1)/ 1,584 6,352 Prodigy Communications Corp. "A"/(1)/ 1,151 6,343 Hibbet Sporting Goods Inc./(1)/ 270 6,332 Penton Media Inc. 1,783 6,330 Rainbow Technologies Inc./(1)/ 1,807 6,325 Steven Madden Ltd./(1)/ 619 6,283 I-many Inc./(1)/ 2,694 6,250 Standard Motor Products Inc. 534 6,248 BriteSmile Inc./(1)(2)/ 1,040 6,240 1-800 Contacts Inc./(1)/ 507 6,236 POZEN Inc./(1)/ 1,424 6,194 Keryx Biopharmaceuticals Inc./(1)/ 984 6,189 Quaker Fabric Corp./(1)/ 846 6,176 ACTV Inc./(1)/ 3,007 6,134 Stamps.com Inc./(1)/ 2,461 6,128 Performance Technologies Inc./(1)/ 745 6,124 Deb Shops Inc. 297 6,112 World Acceptance Corp./(1)/ 867 6,069 Schawk Inc. 615 6,058
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 41 iSHares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------------- CompuCredit Corp./(1)(2)/ 825 $ 6,014 OTG Software Inc./(1)/ 1,080 5,994 Alaska Communications Systems Group/(1)/ 783 5,959 Genzyme Transgenics Corp./(1)/ 1,543 5,941 Sauer Inc. 759 5,935 Churchill Downs Inc. 213 5,913 Stoneridge Inc./(1)/ 843 5,901 Callon Petroleum Corp./(1)/ 852 5,794 ADE Corp./(1)/ 613 5,762 Wolverine Tube Inc./(1)/ 570 5,757 Internet Capital Group Inc./(1)/ 14,349 5,740 Intertrust Technologies Corp./(1)/ 5,411 5,736 H Power Corp./(1)/ 1,831 5,713 Deltagen Inc./(1)/ 807 5,705 Tuesday Morning Corp./(1)/ 621 5,701 New Horizons Worldwide Inc./(1)/ 492 5,670 Applied Innovation/(1)/ 713 5,668 Oplink Communications Inc./(1)/ 8,559 5,649 Beasley Broadcast Group Inc. "A"/(1)/ 551 5,648 North American Scientific Inc./(1)/ 523 5,648 AT&T Latin America Corp./(1)/ 3,205 5,641 Terremark Worldwide Inc./(1)/ 11,247 5,624 Urban Outfitters Inc./(1)/ 501 5,611 Golden Telecom Inc./(1)/ 718 5,600 Ribozyme Pharmaceuticals Inc./(1)/ 800 5,592 Docent Inc./(1)/ 2,699 5,587 NetScout Systems Inc./(1)/ 1,310 5,568 Genelabs Technologies Inc./(1)/ 2,995 5,541 Transmontaigne Inc./(1)/ 1,141 5,534 CCC Information Services Group Inc./(1)/ 756 5,526 ChipPAC Inc./(1)/ 2,402 5,525 Sangamo BioSciences Inc./(1)(2)/ 737 5,520 NetRatings Inc./(1)/ 533 5,495 Tropical Sportswear International Corp./(1)/ 324 5,492 Kaiser Aluminum Corp./(1)/ 2,129 5,472 Boron, LePore & Associates Inc./(1)/ 574 5,453 Emex Corp./(1)(2)/ 831 5,443 Kosan Biosciences Inc./(1)/ 1,022 5,417 Republic Bancshares Inc./(1)/ 318 5,396 America Online Latin America Inc. "A"/(1)/ 1,638 5,389 Hemispherx Biopharma Inc./(1)(2)/ 1,329 5,356 Perini Corp./(1)/ 824 5,356 Prime Group Realty Trust 447 5,342 McMoRan Exploration Co./(1)/ 979 5,336 FiberCore Inc./(1)/ 2,218 5,323 Bush Industries Inc. "A" 596 5,263 Vysis Inc./(1)/ 261 5,246 Digex Inc./(1)/ 1,565 5,227 Genaissance Pharmaceuticals Inc./(1)/ 1,341 5,216 Nanogen Inc./(1)/ 1,068 5,212 Packeteer Inc./(1)/ 1,632 5,206 U.S. Physical Therapy Inc./(1)/ 320 5,194 McAfee.com Corp./(1)/ 449 5,186 XM Satellite Radio Holdings Inc. "A"/(1)(2)/ 988 5,177 Targeted Genetics Corp./(1)/ 2,748 5,166 SignalSoft Corp./(1)/ 1,313 5,160 TTM Technologies Inc./(1)/ 833 5,148 GenesisIntermedia Inc./(1)(2)/ 869 5,127 Provident Bancorp Inc./(2)/ 238 5,115 Measurements Specialties Inc./(1)/ 514 5,083 Hollywood Casino Corp. "A"/(1)/ 749 5,056 Ulticom Inc./(1)/ 621 5,018 Visual Networks Inc./(1)/ 2,194 5,002 Harvard Bioscience Inc./(1)/ 500 5,000 Next Level Communications Inc./(1)/ 1,633 4,997 Covenant Transport Inc. "A"/(1)/ 529 4,973 Oil States International Inc./(1)/ 750 4,950 Exodus Communications Inc./(1)/ 29,059 4,940 Hyseq Inc./(1)/ 808 4,937 Mechanical Technology Inc./(1)/ 1,405 4,918 Coldwater Creek Inc./(1)/ 267 4,886 Maxwell Technologies Inc./(1)/ 750 4,875 Ladish Co. Inc./(1)/ 613 4,873 SkillSoft Corp./(1)/ 304 4,858 3DO Co. (The)/(1)/ 2,370 4,858 Embarcadero Technologies Inc./(1)(2)/ 616 4,848 Mestek Inc./(1)/ 208 4,836 Titanium Metals Corp./(1)/ 1,510 4,832 Sanderson Farms Inc. 339 4,827 ON Semiconductor Corp./(1)/ 2,607 4,823 NATCO Group Inc. "A"/(1)/ 626 4,808 Peco II Inc./(1)/ 998 4,790 Onyx Pharmaceuticals Inc./(1)/ 1,360 4,774 ZixIt Corp./(1)(2)/ 987 4,757 Spectra-Physics Lasers Inc./(1)/ 267 4,739 Ventiv Health Inc./(1)/ 1,155 4,689 SLI Inc. 1,809 4,685 Avici Systems Inc./(1)/ 3,656 4,680 Millennium Cell Inc./(1)/ 1,242 4,645 Prize Energy Corp./(1)/ 266 4,642
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Ariad Pharmaceuticals Inc./(1)/ 1,894 $ 4,640 Royal Bancshares of Pennsylvania "A" 261 4,633 Catapult Communications Corp./(1)/ 336 4,623 Crossroads Systems Inc./(1)/ 1,400 4,620 Westpoint Stevens Inc. 2,609 4,618 Star Scientific Inc./(1)/ 1,673 4,617 Comdisco Inc. 7,822 4,615 ONYX Software Corp./(1)/ 2,420 4,598 Dynacq International Inc./(1)(2)/ 305 4,590 Manufacturers Services Ltd./(1)/ 1,126 4,560 Gulf Island Fabrication Inc./(1)/ 535 4,558 ITXC Corp./(1)/ 1,787 4,557 EXE Technologies Inc./(1)/ 2,225 4,539 Finova Group Inc./(1)/ 4,049 4,535 American West Holdings Corp. "B"/(1)/ 2,449 4,531 Scientific Games Corp. "A"/(1)/ 1,141 4,530 Orbital Sciences Corp./(1)/ 2,464 4,484 NMS Communications Corp./(1)/ 2,873 4,482 AEP Industries Inc./(1)/ 178 4,450 IXYS Corporation/(1)/ 746 4,439 Divine Inc. "A"/(1)/ 7,146 4,428 Simpex Solutions Inc./(1)/ 291 4,400 Mesaba Holdings Inc./(1)/ 743 4,384 Inet Technologies Inc./(1)/ 741 4,379 HealthExtras Inc./(1)(2)/ 843 4,333 Synplicity Inc./(1)/ 769 4,306 Inrange Technologies Corp./(1)(2)/ 718 4,265 Multex.com Inc./(1)/ 2,055 4,254 Ansoft Corp./(1)/ 464 4,232 TiVo Inc./(1)(2)/ 1,272 4,223 Innovative Solutions and Support Inc./(1)/ 578 4,202 Seaboard Corp. 20 4,200 Clayton Williams Energy Inc./(1)/ 449 4,185 BMC Industries Inc. 2,049 4,180 SureBeam Corporation "A"/(1)(2)/ 502 4,167 Arden Group Inc. "A"/(1)/ 92 4,107 WJ Communications Inc./(1)/ 1,073 4,077 Castle (A.M.) & Co. 490 4,067 Bebe Stores Inc./(1)/ 267 4,021 NYMAGIC Inc. 248 3,980 Value City Department Stores Inc./(1)/ 1,153 3,966 Sitel Corp./(1)/ 4,448 3,959 Net2Phone Inc./(1)/ 1,302 3,945 Kana Communications Inc./(1)/ 10,856 3,908 Salton Inc./(1)(2)/ 453 3,878 Chordiant Software Inc./(1)/ 2,065 3,862 MacroChem Corp./(1)(2)/ 1,575 3,859 Support.com Inc./(1)/ 1,608 3,859 Xanser Corp./(1)/ 2,086 3,859 Satcon Technology Corp./(1)/ 715 3,854 Medis Technologies Ltd./(1)(2)/ 603 3,805 American Realty Investors Inc./(1)/ 343 3,800 Consolidated Freightways Corp./(1)/ 1,254 3,800 Ciphergen Biosystems Inc./(1)/ 1,244 3,794 Nanophase Technologies Corp./(1)/ 849 3,778 Datastream Systems Inc./(1)/ 1,255 3,765 PC Connection Inc./(1)/ 485 3,754 Resortquest International Inc./(1)/ 1,249 3,747 Convera Corp./(1)/ 1,526 3,739 Digital Generation Systems Inc./(1)/ 2,622 3,723 SeeBeyond Technology Corp./(1)/ 2,068 3,722 TradeStation Group Inc./(1)/ 1,519 3,722 Guess ? Inc./(1)(2)/ 574 3,702 Puma Technology Inc./(1)/ 2,739 3,698 Infogrames Inc./(1)/ 1,082 3,679 Management Network Group Inc. (The)/(1)/ 601 3,636 Saba Software Inc./(1)(2)/ 1,808 3,580 Maui Land & Pineapple Co./(1)/ 175 3,500 Third Wave Technologies Inc./(1)/ 552 3,489 OPNET Technologies Inc./(1)/ 595 3,487 Stanford Microdevices Inc./(1)/ 763 3,388 StarBase Corp./(1)/ 5,130 3,386 Uniroyal Technology Corp./(1)/ 1,074 3,372 Brio Technology Inc./(1)/ 1,376 3,344 Interland Inc./(1)/ 3,138 3,295 Duraswitch Industries Inc./(1)/ 327 3,283 EEX Corp./(1)/ 2,344 3,282 Large Scale Biology Corp./(1)/ 887 3,282 MEMC Electronics Materials Inc./(1)/ 3,111 3,267 3 Dimensional Pharmaceuticals Inc./(1)/ 466 3,192 ATP Oil & Gas Corp./(1)/ 459 3,190 Oglebay Norton Co. 217 3,190 ITC DeltaCom Inc./(1)/ 2,645 3,174 Beacon Power Corporation/(1)/ 2,072 3,149 ROHN Industries Inc./(1)/ 1,275 3,149 Copper Mountain Networks Inc./(1)/ 3,933 3,146 APAC Customer Services Inc. 1,795 3,141 Cobalt Corp. 613 3,126 Selectica Inc./(1)(2)/ 1,293 3,103 Immune Response Corp./(1)/ 2,169 3,080
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Extensity Inc./(1)/ 1,087 $ 3,044 Tellium Inc./(1)(2)/ 615 3,032 Revlon Inc. "A"/(1)(2)/ 574 3,014 Fairchild Corp. (The) "A"/(1)/ 880 2,992 Federal-Mogul Corp. 4,550 2,957 BSQUARE Corp./(1)/ 1,109 2,939 August Technology Corp./(1)/ 350 2,870 V.I. Technologies Inc./(1)/ 445 2,848 Art Technology Group Inc./(1)/ 4,008 2,806 Corillian Corp./(1)/ 1,414 2,800 CompX International Inc. 267 2,790 Act Manufacturing Inc./(1)(2)/ 620 2,753 Ameristar Casinos Inc./(1)/ 209 2,723 Commercial Bank of New York 83 2,714 Braun Consulting Inc./(1)/ 752 2,707 EXACT Sciences Corp./(1)(2)/ 291 2,695 Richardson Electronics Ltd. 323 2,668 National Beverage Corp./(1)/ 266 2,660 Viasystems Group Inc./(1)/ 4,030 2,620 Moldflow Corp./(1)/ 308 2,609 Seattle Genetics Inc./(1)/ 521 2,605 Lightpath Technologies Inc. "A"/(1)/ 1,418 2,524 SRI/Surgical Express Inc./(1)/ 82 2,440 Lexar Media Inc./(1)/ 2,434 2,434 At Home Corp. "A"/(1)/ 16,072 2,411 Cosine Communications Inc./(1)/ 6,454 2,388 Liberty Livewire Corporation "A"/(1)/ 350 2,356 Microstrategy Inc./(1)(2)/ 2,081 2,352 GenStar Therapeutics Corp./(1)/ 836 2,349 CacheFlow Inc./(1)/ 1,562 2,343 VA Linux Systems Inc./(1)/ 2,227 2,338 Syntel Inc./(1)/ 284 2,329 UAXS Global Holdings Inc./(1)/ 3,136 2,321 FTD.COM Inc./(1)/ 596 2,295 Interactive Intelligence Inc./(1)/ 451 2,255 Adelphia Business Solutions Inc./(1)/ 2,072 2,196 Tremont Corp. 79 2,173 Equity One Inc./(2)/ 181 2,118 Carrier Access Corp./(1)/ 786 2,114 Amtran Inc./(1)/ 241 2,073 Loudcloud Inc./(1)/ 1,836 2,056 Newmark Homes Corp. 185 2,013 Inkine Pharmaceutical Co./(1)/ 2,588 1,993 PYR Energy Corp./(1)/ 1,069 1,978 Luminent Inc./(1)/ 985 1,970 BioSphere Medical Inc./(1)/ 234 1,930 Click Commerce Inc./(1)/ 1,284 1,926 Handspring Inc./(1)/ 1,423 1,921 ICT Group Inc./(1)/ 204 1,877 Donna Karan International Inc./(1)/ 180 1,818 VerticalNet Inc./(1)/ 5,040 1,814 Digitas Inc./(1)/ 770 1,771 Sorrento Networks Corp./(1)(2)/ 871 1,742 Blue Martini Software Inc./(1)/ 2,185 1,704 Polaroid Corp. 3,262 1,696 NEON Communications Inc./(1)(2)/ 605 1,658 Align Technology Inc./(1)(2)/ 749 1,633 MEEMIC Holdings Inc./(1)/ 65 1,542 First Banks America Inc./(1)/ 49 1,502 ANC Rental Corp./(1)/ 2,845 1,479 PEC Solutions Inc./(1)/ 82 1,397 Network Plus Corp./(1)/ 1,270 1,283 Pinnacle Holdings Inc./(1)/ 3,144 1,226 Choice One Communications Inc./(1)(2)/ 745 1,214 Engage Technologies Inc./(1)(2)/ 4,827 1,158 Hayes Lemmerz International Inc./(1)/ 1,151 1,151 Matrix Pharmaceutical Inc./(1)/ 1,894 1,099 iBasis Inc./(1)/ 2,432 1,021 USinternetworking Inc./(1)/ 3,650 986 Gentek Inc. 297 965 Alliance Fiber Optic Products Inc./(1)/ 1,069 866 On Command Corp./(1)/ 350 767 Optical Communication Products Inc./(1)/ 330 766 Novatel Wireless Inc./(1)/ 1,942 757 Constellation 3D Inc./(1)/ 1,043 751 Tripath Technology Inc./(1)/ 1,135 636 StarMedia Network Inc./(1)/ 2,935 470 Focal Communications Corp./(1)(2)/ 1,274 369 OmniSky Corp./(1)/ 1,363 341 Optical Cable Corp./(1)(2)/ 181 335 Frontline Capital Group Inc./(1)/ 2,724 245 IMPSAT Fiber Networks Inc./(1)/ 1,135 227 - ------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $924,186,721) 762,939,695 - ------------------------------------------------------------------
- -------------------------------------------------------------------------------- page 44 i|Shares iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Principal Value - -------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 3.64% - -------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $3,075,071 $ 3,075,071 General Electric Commercial Paper 2.46%, 10/23/01/(3)/ 9,000,000 9,000,000 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 2,991,913 2,991,913 Providian Temp Cash Money Market Fund/(3)/ 12,790,607 12,790,607 - -------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $27,857,591) 27,857,591 - -------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.11% - -------------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $852,505 and an effective yield of 2.90%. 852,299 852,299 - -------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $852,299) 852,299 - -------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 103.53% (Cost $952,896,611) 791,649,585 - -------------------------------------------------------------------- Other Assets, Less Liabilities -- (3.53%) (26,994,179) - -------------------------------------------------------------------- NET ASSETS -- 100.00% $764,655,406 ==================================================================== /(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 45 iShares Russell 3000 Growth Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS - 99.91% - --------------------------------------------------------------- General Electric Co. 35,559 $ 1,322,795 Pfizer Inc. 22,593 905,979 Microsoft Corp./(1)(2)/ 15,649 800,759 AOL Time Warner Inc./(1)/ 15,292 506,165 Intel Corp. 24,077 492,134 Wal-Mart Stores Inc. 9,937 491,882 Johnson & Johnson 8,405 465,637 American International Group Inc. 5,717 445,926 International Business Machines Corp. 4,280 395,044 Merck & Co. Inc. 5,074 337,928 Home Depot Inc. 8,363 320,888 Cisco Systems Inc./(1)/ 26,197 319,079 Coca-Cola Co. 6,273 293,890 American Home Products Corp. 4,719 274,882 Bristol-Myers Squibb Co. 4,903 272,411 Lilly (Eli) and Company 2,834 228,704 Amgen Inc./(1)/ 3,747 220,211 PepsiCo Inc./(2)/ 4,282 207,677 Schering-Plough Corp. 5,238 194,330 Pharmacia Corporation 4,661 189,050 Oracle Corp./(1)/ 15,024 189,002 Medtronic Inc. 4,334 188,529 Abbott Laboratories 3,342 173,283 Philip Morris Companies Inc. 3,282 158,488 Texas Instruments Inc. 6,211 155,151 Dell Computer Corp./(1)/ 8,068 149,500 QUALCOMM Inc./(1)/ 2,722 129,404 SBC Communications Inc. 2,670 125,810 Walgreen Co. 3,644 125,463 Freddie Mac 1,884 122,460 Cardinal Health Inc. 1,605 118,690 AT&T Wireless Services Inc./(1)/ 7,576 113,185 Baxter International Inc. 1,946 107,127 Automatic Data Processing Inc. 2,236 105,181 Sun Microsystems Inc./(1)/ 11,662 96,445 EMC Corp./(1)/ 7,906 92,895 Lowe's Companies Inc. 2,762 87,417 Electronic Data Systems Corp. 1,518 87,406 Colgate-Palmolive Co. 1,500 87,375 Fifth Third Bancorp 1,374 84,474 Applied Materials Inc./(1)/ 2,923 83,130 First Data Corp. 1,402 81,681 Citigroup Inc. 1,926 78,003 MBNA Corp. 2,564 77,664 Viacom Inc. "B"/(1)/ 2,142 73,899 Kroger Co./(1)/ 2,875 70,840 Safeway Inc./(1)/ 1,711 67,961 Procter & Gamble Co. 902 65,657 Sprint Corp. (PCS Group)/(1)(2)/ 2,323 61,072 UnitedHealth Group Inc. 889 59,119 Anheuser-Busch Companies Inc. 1,378 57,711 Gillette Co. 1,923 57,305 Target Corp. 1,789 56,801 Marsh & McLennan Companies Inc. 521 50,381 Kohls Corp./(1)/ 1,023 49,104 USA Education Inc. 575 47,673 Boeing Co. 1,404 47,034 Minnesota Mining & Manufacturing Co. 468 46,051 Forest Laboratories Inc. "A"/(1)/ 633 45,665 Sysco Corp. 1,761 44,976 Schwab (Charles) Corp. 3,901 44,862 Harley-Davidson Inc. 1,086 43,983 Concord EFS Inc./(1)(2)/ 896 43,859 Anadarko Petroleum Corp. 900 43,272 Omnicom Group Inc. 665 43,158 Guidant Corp./(1)/ 1,093 42,080 Fannie Mae 523 41,871 CVS Corp. 1,235 41,002 Analog Devices Inc./(1)/ 1,227 40,123 Maxim Integrated Products Inc./(1)/ 1,108 38,714 Linear Technology Corp. 1,142 37,458 Qwest Communications International Inc. 2,172 36,272 Bank of New York Co. Inc. 1,035 36,225 Paychex Inc. 1,139 35,890 Baker Hughes Inc. 1,205 34,885 Halliburton Co. 1,540 34,727 Capital One Financial Corp. 754 34,707 Genentech Inc./(1)/ 788 34,672 United Parcel Service Inc. 643 33,423 TJX Companies Inc. 999 32,867 Enron Corp./(2)/ 1,176 32,022 Genzyme Corp. - General Division/(1)(2)/ 694 31,521 Allergan Inc. 473 31,360 VeriSign Inc./(1)(2)/ 721 30,210 Comcast Corp. "A"/(1)/ 839 30,095 Biogen Inc./(1)/ 534 29,680 Clear Channel Communications Inc./(1)/ 732 29,097 Household International Inc. 511 28,810 Biomet Inc. 964 28,197 Dynegy Inc. "A" 800 27,720 United Technologies Corp. 593 27,575 MedImmune Inc./(1)/ 764 27,221
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Sara Lee Corp. 1,270 $ 27,051 Best Buy Co. Inc./(1)/ 592 26,906 Xilinx Inc./(1)/ 1,130 26,589 Bed Bath & Beyond Inc./(1)/ 1,041 26,504 IMS Health Inc. 1,058 26,503 King Pharmaceuticals Inc./(1)(2)/ 631 26,456 Veritas Software Corp./(1)/ 1,427 26,314 Gap Inc. (The) 2,169 25,920 Stryker Corp. 483 25,551 Calpine Corp./(1)(2)/ 1,092 24,909 AFLAC Inc. 912 24,624 Interpublic Group of Companies Inc. 1,207 24,623 General Motors Corp. "H"/(1)/ 1,845 24,594 State Street Corp. 521 23,706 SunGard Data Systems Inc./(1)/ 995 23,253 eBay Inc./(1)(2)/ 505 23,104 Fiserv Inc./(1)/ 670 22,914 Cendant Corp./(1)(2)/ 1,688 21,606 Altera Corp./(1)/ 1,297 21,245 KLA-Tencor Corp./(1)(2)/ 666 21,032 Solectron Corp./(1)(2)/ 1,803 21,005 Immunex Corp./(1)(2)/ 1,123 20,978 Watson Pharmaceuticals Inc./(1)/ 380 20,790 Lexmark International Group Inc. "A"/(1)/ 461 20,611 Adobe Systems Inc. 859 20,599 Electronic Arts Inc./(1)/ 450 20,551 Providian Financial Corp. 1,015 20,452 Starbucks Corp./(1)(2)/ 1,365 20,393 AES Corp./(1)/ 1,534 19,666 Heinz (H.J.) Co. 466 19,642 IDEC Pharmaceuticals Corp./(1)(2)/ 395 19,580 St. Jude Medical Inc./(1)/ 283 19,371 Gilead Sciences Inc./(1)/ 340 19,098 Kimberly-Clark Corp. 306 18,972 Synovus Financial Corp. 681 18,796 Northern Trust Corp. 355 18,630 Applera Corp. - Applied Biosystems Group 758 18,495 Moody's Corp. 492 18,204 EchoStar Communications Corp./(1)/ 762 17,732 Micron Technology Inc./(1)/ 933 17,568 El Paso Corp. 421 17,493 Siebel Systems Inc./(1)/ 1,333 17,342 Mirant Corp./(1)/ 787 17,235 Convergys Corp./(1)/ 613 17,011 PeopleSoft Inc./(1)/ 931 16,795 Waters Corp./(1)/ 469 16,776 Cintas Corp. 413 16,644 Staples Inc./(1)/ 1,246 16,597 Nextel Communications Inc. "A"/(1)(2)/ 1,865 16,114 RadioShack Corp. 656 15,908 AmerisourceBergen Corp./(1)(2)/ 221 15,680 Ralston Purina Group 477 15,646 Express Scripts Inc. "A"/(1)/ 281 15,595 Sanmina Corp./(1)/ 1,148 15,590 Intuit Inc./(1)/ 430 15,394 Ecolab Inc. 421 15,295 Quest Diagnostics Inc./(1)/ 247 15,240 Cadence Design Systems Inc./(1)/ 893 14,868 McGraw-Hill Companies Inc. 253 14,725 Family Dollar Stores Inc. 534 14,696 Tellabs Inc./(1)/ 1,469 14,514 Human Genome Sciences Inc./(1)/ 452 13,971 Chiron Corp./(1)/ 313 13,888 Millennium Pharmaceuticals Inc./(1)/ 782 13,888 Caremark Rx Inc./(1)/ 829 13,828 Broadcom Corp. "A"/(1)/ 681 13,824 Univision Communications Inc./(1)/ 601 13,793 Novellus Systems Inc./(1)/ 482 13,766 Laboratory Corp. of America Holdings/(1)/ 170 13,744 Danaher Corp./(2)/ 291 13,729 Andrx Group/(1)(2)/ 209 13,568 Pepsi Bottling Group Inc. 287 13,222 Citrix Systems Inc./(1)/ 663 13,127 Apollo Group Inc. "A"/(1)(2)/ 312 13,113 Microchip Technology Inc./(1)/ 478 12,810 Sabre Holdings Corp./(1)/ 477 12,755 Corning Inc. 1,446 12,754 Comverse Technology Inc./(1)/ 615 12,595 Zimmer Holdings Inc./(1)/ 451 12,515 IVAX Corporation/(1)(2)/ 564 12,504 Invitrogen Corp./(1)(2)/ 189 12,429 BJ's Wholesale Club Inc./(1)/ 261 12,426 Teradyne Inc./(1)/ 626 12,207 Imclone Systems Inc./(1)(2)/ 214 12,102 Ciena Corp./(1)/ 1,173 12,070 Wrigley (William Jr.) Co. 235 12,056 HCA - The Healthcare Company 265 11,742 JDS Uniphase Corp./(1)/ 1,824 11,528 Tiffany & Co. 524 11,345 International Game Technology Inc./(1)/ 266 11,305 Equifax Inc. 515 11,278 Dollar General Corp. 959 11,220
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Block (H & R) Inc. 290 $ 11,182 Affiliated Computer Services Inc. "A"/(1)/ 136 11,072 Robert Half International Inc./(1)/ 553 11,066 Agilent Technologies Inc./(1)/ 565 11,046 Cytyc Corp./(1)/ 411 11,019 American Standard Companies Inc./(1)/ 199 10,945 AdvancePCS/(1)/ 150 10,767 Brocade Communications System Inc./(1)/ 765 10,733 Burlington Resources Inc. 312 10,674 American Express Co. 366 10,636 Kellogg Co. 353 10,590 BJ Services Co./(1)/ 595 10,585 Yahoo! Inc./(1)/ 1,201 10,581 Estee Lauder Companies Inc. "A" 317 10,509 BEA Systems Inc./(1)/ 1,087 10,424 Sealed Air Corp./(1)(2)/ 285 10,400 Bisys Group Inc./(1)(2)/ 195 10,339 Intersil Holding Corp./(1)/ 367 10,247 Avaya Inc./(1)/ 1,030 10,197 Gallagher (Arthur J.) & Co. 300 10,155 Oxford Health Plans Inc./(1)(2)/ 355 10,082 NVIDIA Corp./(1)(2)/ 366 10,054 Morgan Stanley Dean Witter & Co. 216 10,012 Scientific-Atlanta Inc. 565 9,916 Campbell Soup Co. 353 9,884 Noble Drilling Corp./(1)/ 410 9,840 DST Systems Inc./(1)/ 227 9,818 Nabors Industries Inc./(1)/ 457 9,583 Telephone & Data Systems Inc. 101 9,524 Jabil Circuit Inc./(1)(2)/ 525 9,397 ChoicePoint Inc./(1)/ 225 9,369 First Health Group Corp./(1)/ 311 9,137 Symantec Corp./(1)/ 262 9,084 PerkinElmer Inc. 343 9,000 Sepracor Inc./(1)(2)/ 250 8,975 Millipore Corp. 169 8,947 Lincare Holdings Inc./(1)/ 333 8,848 UST Inc. 265 8,798 Synopsys Inc./(1)/ 219 8,784 Juniper Networks Inc./(1)/ 905 8,778 Alcoa Inc. 283 8,776 Symbol Technologies Inc. 814 8,539 AmeriCredit Corp./(1)(2)/ 267 8,443 Federated Investors Inc. "B" 285 8,436 TMP Worldwide Inc./(1)(2)/ 293 8,318 Newmont Mining Corp. 352 8,307 Expeditors International Washington Inc. 170 8,049 Health Management Associates Inc. "A"/(1)/ 387 8,034 Motorola Inc. 513 8,003 SEI Investment Co. 249 7,968 Murphy Oil Corp. 110 7,960 ICOS Corp./(1)(2)/ 159 7,824 EOG Resources Inc. 270 7,811 RF Micro Devices Inc./(1)(2)/ 467 7,752 Enzon Inc./(1)(2)/ 151 7,701 Varian Medical Systems Inc./(1)/ 119 7,634 Peregrine Systems Inc./(1)/ 598 7,553 Lam Research Corp./(1)/ 444 7,526 TriQuint Semiconductor Inc./(1)/ 466 7,451 Protein Design Labs Inc./(1)(2)/ 157 7,415 DeVry Inc./(1)/ 205 7,359 Jones Apparel Group Inc./(1)/ 288 7,341 Avery Dennison Corp. 155 7,333 Western Wireless Corp. "A"/(1)/ 217 7,330 Polycom Inc./(1)(2)/ 298 7,262 Cephalon Inc./(1)/ 145 7,233 Integrated Device Technology Inc./(1)/ 359 7,223 Celgene Corp./(1)/ 273 7,215 Agere Systems Inc./(1)/ 1,737 7,174 Advanced Micro Devices Inc./(1)/ 880 7,172 Applied Micro Circuits Corp./(1)/ 1,024 7,158 Honeywell International Inc. 271 7,154 Global Marine Inc./(1)/ 503 7,042 Weatherford International Inc./(1)/ 275 7,015 Network Appliance Inc./(1)/ 1,029 6,997 L-3 Communications Holdings Inc./(1)(2)/ 80 6,996 CSG Systems International Inc./(1)/ 167 6,847 BMC Software Inc./(1)/ 538 6,833 CH Robinson Worldwide Inc. 235 6,806 AutoZone Inc./(1)/ 131 6,794 Waddell & Reed Financial Inc. "A" 259 6,734 Beckman Coulter Inc. 151 6,682 Patterson Dental Co./(1)/ 180 6,635 Smith International Inc./(1)/ 182 6,625 Investors Financial Services Corp. 114 6,571 Eaton Vance Corp. 209 6,552 Dollar Tree Stores Inc./(1)/ 349 6,544 Gentex Corp./(1)/ 268 6,403 Investment Technology Group Inc./(1)/ 115 6,381 Abgenix Inc./(1)/ 280 6,356 QLogic Corp./(1)(2)/ 331 6,289 Rational Software Corp./(1)/ 725 6,279
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Semtech Corp./(1)/ 221 $ 6,272 Knight Ridder Inc. 111 6,199 Costco Wholesale Corp./(1)/ 173 6,152 Mylan Laboratories Inc. 188 6,133 LifePoint Hospitals Inc./(1)/ 139 6,116 Gemstar-TV Guide International Inc./(1)/ 308 6,071 Cooper Cameron Corp./(1)/ 185 6,068 PMC - Sierra Inc./(1)(2)/ 589 6,049 Rite Aid Corp./(1)(2)/ 783 6,045 Certegy Inc./(1)(2)/ 232 6,023 International Rectifier Corp./(1)/ 220 5,991 Fastenal Co./(2)/ 105 5,983 Eaton Corp. 101 5,980 Ocean Energy Inc. 361 5,884 Abercrombie & Fitch Co. "A"/(1)/ 331 5,822 XTO Energy Inc./(2)/ 413 5,761 ENSCO International Inc. 392 5,731 Fairchild Semiconductor Corp. "A"/(1)/ 357 5,730 CDW Computer Centers Inc./(1)/ 156 5,644 ResMed Inc./(1)(2)/ 110 5,588 Hanover Compressor Co./(1)(2)/ 255 5,518 Barr Laboratories Inc./(1)(2)/ 69 5,455 Whole Foods Market Inc./(1)(2)/ 173 5,434 Renal Care Group Inc./(1)/ 175 5,385 Jack Henry & Associates Inc. 235 5,332 New York Community Bancorp 230 5,327 Herman Miller Inc. 273 5,315 McKesson HBOC Inc. 140 5,291 LSI Logic Corp./(1)/ 447 5,252 Amphenol Corp. "A"/(1)/ 150 5,212 Apache Corp. 121 5,203 Compuware Corp./(1)/ 621 5,173 Lattice Semiconductor Corp./(1)/ 325 5,102 Dentsply International Inc. 111 5,099 Charles River Laboratories International Inc./(1)/ 144 5,093 Lee Enterprises Inc. 160 5,067 Williams Companies Inc. 185 5,051 Doral Financial Corp. 130 5,044 Tenet Healthcare Corp./(1)/ 84 5,011 Mercury Interactive Corp./(1)/ 259 4,931 Parametric Technology Corp./(1)/ 949 4,925 Wellpoint Health Networks Inc./(1)/ 45 4,912 Georgia-Pacific (Timber Group) 135 4,890 Atmel Corp./(1)/ 726 4,850 Vitesse Semiconductor Corp./(1)(2)/ 625 4,844 Vertex Pharmaceuticals Inc./(1)(2)/ 266 4,799 Micrel Inc./(1)/ 240 4,786 National Semiconductor Corp./(1)/ 215 4,741 Citizen Communications Co./(1)/ 501 4,709 Hudson United Bancorp 169 4,688 Mettler Toledo International Inc./(1)/ 111 4,678 Triton PCS Holdings Inc. "A"/(1)/ 123 4,674 Universal Health Services Inc. "B"/(1)/ 95 4,636 Kinder Morgan Inc. 94 4,626 Maytag Corp. 181 4,460 SCI Systems Inc./(1)/ 247 4,446 Alkermes Inc./(1)/ 225 4,405 Krispy Kreme Doughnuts Inc./(1)(2)/ 147 4,351 COR Therapeutics Inc./(1)(2)/ 190 4,300 DaVita Inc./(1)/ 211 4,294 Techne Corp./(1)/ 145 4,267 OSI Pharmaceuticals Inc./(1)(2)/ 130 4,225 Province Healthcare Co./(1)/ 115 4,225 National-Oilwell Inc./(1)/ 291 4,219 Affiliated Managers Group Inc./(1)/ 74 4,204 Homestake Mining Company 451 4,194 Smith (Charles E) Residential Realty Inc. 81 4,172 Community Health Systems Inc./(1)/ 140 4,164 Coach Inc./(1)/ 157 4,162 Cabot Microelectronics Corp./(1)(2)/ 86 4,155 Macrovision Corp./(1)/ 146 4,148 Career Education Corp./(1)/ 75 4,125 Neuberger Berman Inc. 117 4,081 Advent Software Inc./(1)/ 108 4,066 BB&T Corp. 111 4,046 Molex Inc. 143 4,020 Mitchell Energy & Development Corp. "A" 80 4,010 USA Networks Inc./(1)/ 223 4,010 ICN Pharmaceuticals Inc. 152 4,005 Medicis Pharmaceutical Corp. "A"/(1)/ 80 3,998 Cerner Corp./(1)/ 80 3,960 Pharmaceutical Product Development Inc./(1)/ 135 3,954 Shaw Group Inc./(1)(2)/ 140 3,944 Medarex Inc./(1)/ 261 3,941 Amazon.com Inc./(1)(2)/ 655 3,910 Cypress Semiconductor Corp./(1)/ 263 3,908 Boston Scientific Corp./(1)/ 190 3,895 Steris Corp./(1)/ 197 3,873 Alliant Techsystems Inc./(1)/ 45 3,852 Cree Inc./(1)(2)/ 260 3,843 Brown & Brown Inc. 73 3,803 Newfield Exploration Co./(1)/ 130 3,796
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 49 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- American Tower Corp./(1)(2)/ 273 $ 3,792 Hershey Foods Corp. 58 3,791 Copart Inc./(1)/ 134 3,753 WorldCom Inc. - MCI Group/(2)/ 246 3,747 Titan Corp. (The)/(1)/ 191 3,744 Performance Food Group Co./(1)/ 131 3,737 Respironics Inc./(1)/ 105 3,734 Network Associates Inc./(1)(2)/ 288 3,712 Williams-Sonoma Inc./(1)/ 155 3,691 CheckFree Corp./(1)/ 216 3,666 Marriott International Inc. "A" 109 3,641 Illuminet Holdings Inc./(1)/ 95 3,640 Dow Jones & Co. Inc./(2)/ 80 3,634 Perot Systems Corp. "A"/(1)/ 225 3,634 Apria Healthcare Group Inc./(1)/ 140 3,626 Catalina Marketing Corp./(1)/ 129 3,612 Pitney Bowes Inc. 94 3,591 Amkor Technology Inc./(1)/ 341 3,587 American Eagle Outfitters Inc./(1)/ 180 3,582 CEC Entertainment Inc./(1)/ 105 3,580 Park National Corp. 37 3,580 Allied Capital Corp. 156 3,549 NVR Inc./(1)/ 25 3,513 Plexus Corp./(1)/ 149 3,513 SICOR Inc./(1)/ 185 3,495 InterMune Inc./(1)/ 91 3,481 Graco Inc. 115 3,473 Inverness Medical Technology Inc./(1)/ 94 3,473 Openwave Systems Inc./(1)/ 272 3,468 Ruby Tuesday Inc. 220 3,454 McCormick & Co. Inc. 75 3,435 Ascential Software Corp./(1)/ 1,037 3,422 GTECH Holdings Corp./(1)/ 99 3,419 Roper Industries Inc. 95 3,419 Rowan Companies Inc./(1)/ 275 3,405 Labranche & Co. Inc./(1)(2)/ 153 3,397 Accredo Health Inc./(1)/ 93 3,385 Wiley (John) & Sons Inc. "A" 162 3,383 Orthodontic Centers of America Inc./(1)(2)/ 137 3,377 i2 Technologies Inc./(1)/ 977 3,361 Total System Services Inc. 135 3,344 Cousins Properties Inc. 135 3,341 THQ Inc./(1)/ 77 3,323 Perrigo Co./(1)/ 219 3,318 Iron Mountain Inc./(1)/ 80 3,316 Axcelis Technologies Inc./(1)/ 349 3,298 AMETEK Inc. 125 3,285 Incyte Genomics Inc./(1)/ 240 3,278 Exult Inc./(1)/ 280 3,273 Global Payments Inc. 111 3,263 Corporate Executive Board Co. (The)/(1)/ 125 3,260 Zebra Technologies Corp. "A"/(1)/ 86 3,222 CIMA Labs Inc./(1)/ 53 3,220 CommScope Inc./(1)/ 180 3,217 Diagnostic Products Corp. 76 3,209 Freeport-McMoRan Copper & Gold Inc./(1)(2)/ 292 3,209 Tetra Tech Inc./(1)/ 145 3,205 TrustCo Bank Corp. 233 3,201 Cheesecake Factory (The)/(1)/ 133 3,185 Apogent Technologies Inc./(1)/ 133 3,179 Conexant Systems Inc./(1)/ 381 3,162 Mentor Graphics Corp./(1)/ 229 3,156 Diamond Offshore Drilling Inc./(2)/ 125 3,152 ADC Telecommunications Inc./(1)/ 898 3,134 Varian Semiconductor Equipment Associates Inc./(1)/ 120 3,102 Fair Isaac and Co. Inc. 65 3,070 Washington Real Estate Investment Trust 129 3,060 Hispanic Broadcasting Corp./(1)/ 190 3,059 Price Communications Corp./(1)/ 180 3,051 Patterson-UTI Energy Inc./(1)/ 245 3,028 Cell Therapeutics Inc./(1)(2)/ 125 3,006 Alpha Industries Inc./(1)(2)/ 155 3,002 Metris Companies Inc. 121 2,995 Chesapeake Energy Corp./(1)/ 530 2,994 Coca-Cola Enterprises Inc. 194 2,976 NPS Pharmaceuticals Inc./(1)/ 95 2,964 Cubist Pharmaceuticals Inc./(1)/ 90 2,949 Sybase Inc./(1)/ 316 2,939 Covance Inc./(1)/ 164 2,937 Stillwater Mining Co./(1)/ 145 2,917 99 Cents Only Stores/(1)/ 90 2,912 Black Box Corp./(1)(2)/ 69 2,904 Pride International Inc./(1)(2)/ 279 2,902 Neurocrine Biosciences Inc./(1)/ 90 2,882 Federal Signal Corp. 163 2,875 O'Reilly Automotive Inc./(1)/ 99 2,836 Mid Atlantic Medical Services Inc./(1)/ 135 2,835 eFunds Corp./(1)(2)/ 170 2,830 Scholastic Corp./(1)/ 65 2,828 Varian Inc./(1)/ 111 2,828 National Instruments Corp./(1)/ 108 2,826
- -------------------------------------------------------------------------------- page 50 i|Shares iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Dial Corp. 170 $ 2,813 Tidewater Inc. 105 2,802 CuraGen Corp./(1)(2)/ 145 2,798 Emulex Corp./(1)(2)/ 293 2,786 KPMG Consulting Inc./(1)/ 257 2,778 Crown Castle International Corp./(1)/ 307 2,763 IDEXX Laboratories Inc./(1)/ 118 2,758 Newport News Shipbuilding Inc. 41 2,755 Bruker Daltonics Inc./(1)/ 165 2,739 CV Therapeutics Inc./(1)(2)/ 70 2,720 ITT Educational Services Inc./(1)/ 85 2,720 Orion Power Holdings Inc./(1)/ 106 2,703 Macromedia Inc./(1)/ 220 2,664 Quintiles Transnational Corp./(1)/ 180 2,628 Allied Waste Industries Inc./(1)/ 206 2,626 Ilex Oncology Inc./(1)/ 100 2,626 Cox Radio Inc. "A"/(1)/ 130 2,622 Waste Connections Inc./(1)/ 97 2,619 Microsemi Corp./(1)/ 100 2,605 Haemonetics Corp./(1)/ 75 2,596 Keane Inc./(1)/ 190 2,593 Kopin Corp./(1)(2)/ 245 2,555 Stone Energy Corp./(1)/ 79 2,544 Scios Inc./(1)(2)/ 152 2,541 Fisher Scientific International Inc./(1)/ 100 2,540 Aeroflex Inc./(1)/ 230 2,530 Wind River Systems Inc./(1)/ 240 2,520 Mercury Computer Systems Inc./(1)(2)/ 67 2,516 Intimate Brands Inc. 279 2,511 Powerwave Technologies Inc./(1)/ 210 2,503 Extreme Networks Inc./(1)/ 362 2,501 Ventas Inc. 230 2,496 Jack in the Box Inc./(1)/ 89 2,492 Gartner Group Inc. "A"/(1)/ 275 2,489 Tom Brown Inc./(1)/ 119 2,487 NRG Energy Inc./(1)/ 153 2,480 Triad Hospitals Inc./(1)/ 70 2,478 E*trade Group Inc./(1)/ 409 2,474 Avocent Corporation/(1)/ 165 2,455 Myriad Genetics Inc./(1)/ 80 2,451 Spinnaker Exploration Co./(1)/ 69 2,441 BlackRock Inc./(1)/ 55 2,432 HNC Software Inc./(1)/ 130 2,431 Matthews International Corp. "A" 110 2,427 Pixar Inc./(1)/ 60 2,424 Too Inc./(1)/ 115 2,414 Commerce One Inc./(1)/ 980 2,411 VISX Inc./(1)/ 182 2,408 Linens 'N Things Inc./(1)/ 129 2,397 RehabCare Group Inc./(1)/ 55 2,393 Applebee's International Inc. 81 2,389 Veeco Instruments Inc./(1)/ 90 2,385 Dal-Tile International Inc./(1)/ 151 2,324 SPX Corp./(1)(2)/ 28 2,321 Rambus Inc./(1)(2)/ 315 2,318 LTX Corp./(1)/ 170 2,314 Varco International Inc./(1)(2)/ 191 2,307 Donaldson Co. Inc. 80 2,306 Michaels Stores Inc./(1)/ 63 2,302 Tupperware Corp. 115 2,293 SkyWest Inc. 137 2,291 Hilb Rogal & Hamilton Co. 50 2,280 Education Management Corp./(1)/ 75 2,277 Sonic Corp./(1)/ 75 2,274 KV Pharmaceuticals Co. "B"/(1)/ 77 2,264 Syncor International Corp./(1)(2)/ 71 2,260 Cryolife Inc./(1)/ 60 2,257 Cognex Corp./(1)/ 115 2,256 Pharmaceutical Resources Inc./(1)/ 63 2,252 Swift Transportation Co. Inc./(1)/ 127 2,248 Activision Inc./(1)(2)/ 82 2,232 MSC Industrial Direct Co. Inc. "A"/(1)/ 140 2,230 Direct Focus Inc./(1)(2)/ 112 2,229 Plains Resource Inc./(1)/ 85 2,210 National Data Corp. 61 2,196 Electro Scientific Industries Inc./(1)/ 100 2,195 Tootsie Roll Industries Inc. 57 2,181 Transkaryotic Therapies Inc./(1)/ 80 2,171 Plantronics Inc./(1)/ 127 2,165 Westamerica Bancorp 60 2,163 Exar Corp./(1)/ 125 2,162 DoubleClick Inc./(1)/ 379 2,160 Isis Pharmaceuticals Inc./(1)(2)/ 125 2,131 Inhale Therapeutic Systems Inc./(1)/ 160 2,128 Insight Enterprises Inc./(1)/ 150 2,121 Technitrol Inc. 95 2,119 Thoratec Labs Corp./(1)/ 128 2,117 Aviron/(1)/ 85 2,116 Concurrent Computer Corp./(1)/ 233 2,116 Polaris Industries Partners LP "A" 55 2,111 Cooper Companies Inc. 45 2,110 Tekelec/(1)/ 160 2,107
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 51 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Trimeris Inc./(1)/ 60 $ 2,106 Alpharma Inc. "A" 73 2,102 Key Energy Services Inc./(1)/ 330 2,099 Liberate Technologies Inc./(1)/ 210 2,092 Black & Decker Corp. 67 2,090 Affymetrix Inc./(1)/ 130 2,086 Stericycle Inc./(1)/ 50 2,084 Administaff Inc./(1)/ 80 2,080 Advanced Fibre Communications Inc./(1)/ 142 2,075 Palm Inc./(1)/ 1,421 2,075 Impath Inc./(1)/ 60 2,071 Solutia Inc. 167 2,071 Cambrex Corp. 61 2,045 Mentor Corp. 80 2,024 AmeriPath Inc./(1)/ 77 2,022 Chico's FAS Inc./(1)/ 85 2,002 Regeneron Pharmaceuticals Inc./(1)/ 90 2,002 Edwards (J.D.) & Co./(1)/ 281 2,001 Retek Inc./(1)/ 164 1,996 Eclipsys Corp./(1)/ 150 1,995 Albany Molecular Research Inc./(1)/ 80 1,986 UCBH Holdings Inc. 68 1,984 Cabot Oil & Gas Corp. "A" 99 1,975 Alamosa Holdings Inc./(1)/ 141 1,953 Talbots Inc. (The) 87 1,953 Elantec Semiconductor Inc./(1)/ 85 1,951 Homestore.com Inc./(1)(2)/ 255 1,951 American Italian Pasta Co. "A"/(1)/ 45 1,946 FactSet Research Systems Inc. 80 1,941 AmSurg Corp./(1)/ 70 1,928 Cymer Inc./(1)/ 115 1,926 Landstar System Inc./(1)/ 30 1,920 Storage Technology Corp./(1)/ 153 1,920 Teledyne Technologies Inc./(1)/ 120 1,914 Timberland Co. "A"/(1)/ 70 1,897 Cerus Corp./(1)/ 40 1,890 EarthLink Inc./(1)/ 124 1,889 Greater Bay Bancorp 81 1,885 FYI Inc./(1)/ 50 1,876 Footstar Inc./(1)/ 54 1,868 Evergreen Resources Inc./(1)/ 55 1,867 Atlantic Coast Airlines Holdings Inc./(1)/ 140 1,862 Fleming Companies Inc./(2)/ 63 1,858 Advanced Digital Information Corp./(1)/ 180 1,856 Kronos Inc./(1)/ 45 1,847 Argosy Gaming Co./(1)/ 70 1,834 Newport Corp. 130 1,833 Level 3 Communications Inc./(1)(2)/ 483 1,826 Primedia Inc./(1)/ 776 1,824 NetIQ Corp./(1)/ 80 1,822 Power Integrations Inc./(1)/ 100 1,822 Flowserve Corp./(1)/ 92 1,817 Foundry Networks Inc./(1)/ 300 1,815 United Bancshares Inc. 67 1,809 American Management Systems Inc./(1)/ 150 1,801 Frontier Oil Corp. 105 1,801 Choice Hotels International Inc./(1)/ 109 1,798 Surmodics Inc./(1)/ 45 1,798 Western Gas Resources Inc. 69 1,796 DSP Group Inc./(1)/ 90 1,795 MAXIMUS Inc./(1)/ 45 1,788 WebMD Corp./(1)/ 419 1,785 Church & Dwight Co. Inc. 69 1,784 AirGate PCS Inc./(1)/ 40 1,777 Owens & Minor Inc. 87 1,766 CAL Dive International Inc./(1)/ 105 1,749 Legato Systems Inc./(1)/ 319 1,748 Finisar Corp./(1)/ 440 1,742 Neose Technologies Inc./(1)/ 45 1,737 SBA Communications Corp./(1)/ 130 1,736 Leap Wireless International Inc./(1)/ 110 1,727 BARRA Inc./(1)/ 41 1,723 GlobeSpan Inc./(1)/ 190 1,718 Men's Wearhouse Inc. (The)/(1)/ 95 1,718 Adolor Corporation/(1)/ 101 1,710 Chelsea Property Group Inc. 37 1,682 Corixa Corp./(1)(2)/ 160 1,680 Priority Healthcare Corp. "B"/(1)/ 70 1,680 American Medical Systems Holdings Inc./(1)/ 88 1,678 Brinker International Inc./(1)/ 71 1,677 Immunomedics Inc./(1)/ 140 1,676 InterCept Group Inc. (The)/(1)/ 50 1,672 Bio-Technology General Corp./(1)/ 223 1,668 Maxygen Inc./(1)/ 105 1,664 Grey Global Group Inc. 3 1,659 Dover Corp. 55 1,656 Sensormatic Electronics Corp./(1)/ 70 1,651 Virata Corp./(1)/ 165 1,647 3Com Corp./(1)/ 439 1,646 Flir Systems Inc./(1)/ 40 1,641 Sonus Networks Inc./(1)/ 547 1,641 Southwest Bancorp of Texas Inc./(1)/ 55 1,636
- -------------------------------------------------------------------------------- page 52 i|Shares iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Photronics Inc./(1)/ 88 $ 1,624 SCP Pool Corp./(1)/ 75 1,601 Vulcan Materials Co. 37 1,598 Viropharma Inc./(1)/ 63 1,592 Progress Software Corp./(1)/ 113 1,581 Sylvan Learning Systems Inc./(1)/ 69 1,580 Invacare Corp. 39 1,579 Coinstar Inc./(1)/ 80 1,578 Chittenden Corp. 62 1,575 Pogo Producing Co. 67 1,575 Christopher & Banks Corp./(1)/ 52 1,566 Commerce Bancorp Inc. 23 1,564 Rockwell Collins 110 1,562 Boyds Collection Ltd. (The)/(1)/ 189 1,559 Duramed Pharmaceuticals Inc./(1)/ 77 1,558 Newpark Resources Inc./(1)/ 230 1,552 Datascope Corp. 40 1,551 Woodward Governor Co. 32 1,550 ATMI Inc./(1)/ 100 1,545 Noven Pharmaceuticals Inc./(1)/ 85 1,538 Insituform Technologies Inc. "A"/(1)/ 90 1,534 RSA Security Inc./(1)/ 114 1,534 Atrix Laboratories Inc./(1)/ 65 1,527 Knight Trading Group Inc./(1)/ 198 1,527 Manufactured Home Communities Inc. 50 1,521 Pacific Sunwear of California Inc./(1)/ 110 1,513 Packard BioScience Company/(1)/ 191 1,511 Hot Topic Inc./(1)/ 60 1,506 InterDigital Communications Corp./(1)/ 205 1,503 Texas Regional Bancshares "A" 44 1,503 Time Warner Telecom Inc. "A"/(1)(2)/ 207 1,501 Consol Energy Inc. 70 1,500 Philadelphia Suburban Corp. 57 1,497 Micromuse Inc./(1)/ 263 1,494 Brady Corp. "A" 50 1,490 Metro One Telecommunications Inc./(1)/ 64 1,485 Olin Corp. 101 1,485 Astropower Inc./(1)(2)/ 43 1,484 Credence Systems Corp./(1)/ 123 1,482 Pacific Capital Bancorp 51 1,477 Information Holdings Inc./(1)/ 75 1,473 C&D Technologies Inc. 80 1,472 Arthocare Corp./(1)/ 75 1,470 Cost Plus Inc./(1)/ 80 1,469 Ligand Pharmaceuticals Inc. "B"/(1)/ 160 1,469 Intergraph Corp./(1)/ 164 1,468 Ameritrade Holding Corp. "A"/(1)(2)/ 365 1,464 RealNetworks Inc./(1)/ 300 1,458 Dreyer's Grand Ice Cream Inc. 50 1,452 General Communication Inc. "A"/(1)/ 120 1,452 Patina Oil & Gas Corp. 63 1,449 Trimble Navigation Ltd./(1)/ 95 1,449 Symyx Technologies Inc./(1)/ 98 1,446 Topps Co. (The)/(1)/ 150 1,440 Donnelley (R.H.) Corp./(1)/ 55 1,437 CVB Financial Corp. 66 1,419 Forward Air Corp./(1)/ 60 1,412 InfoSpace Inc./(1)/ 954 1,412 Acterna Corp./(1)/ 442 1,406 Rogers Corp./(1)/ 50 1,406 Kerr-McGee Corp. 27 1,402 TIBCO Software Inc./(1)/ 191 1,402 Vignette Corp./(1)/ 395 1,398 Infocus Corp./(1)/ 107 1,396 Corvis Corp./(1)/ 910 1,383 Genesco Inc./(1)/ 85 1,381 Itron Inc./(1)/ 60 1,381 Helix Technology Corp. 85 1,380 Fox Entertainment Group Inc. "A"/(1)/ 72 1,375 Enterasys Networks Inc./(1)/ 213 1,374 SanDisk Corp./(1)/ 139 1,371 On Assignment Inc./(1)/ 85 1,367 Oak Technology Inc./(1)/ 175 1,365 Edison Schools Inc./(1)/ 90 1,359 FileNET Corp./(1)/ 135 1,359 East West Bancorp Inc. 58 1,357 Immunogen Inc./(1)(2)/ 150 1,357 Gene Logic Inc./(1)/ 103 1,355 Quest Software Inc./(1)(2)/ 117 1,355 Power-One Inc./(1)/ 220 1,353 Vintage Petroleum Inc. 85 1,347 Tularik Inc./(1)/ 73 1,345 General Semiconductor Inc./(1)/ 140 1,344 Silicon Storage Technology Inc./(1)/ 290 1,343 Integrated Circuit Systems Inc./(1)/ 105 1,342 Petsmart Inc./(1)/ 190 1,338 Cirrus Logic Inc./(1)/ 180 1,336 NCR Corp./(1)/ 45 1,334 Manitowoc Co. Inc. 55 1,333 Actel Corp./(1)/ 75 1,332 NYFIX Inc./(1)/ 93 1,330 Chateau Communities Inc. 45 1,325
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 53 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Simpson Manufacturing Co. Inc./(1)/ 25 $ 1,325 Exelixis Inc./(1)/ 115 1,318 Sangstat Medical Corp./(1)/ 70 1,290 Anchor Gaming/(1)/ 31 1,286 Commonwealth Telephone Enterprises Inc./(1)/ 35 1,286 Darden Restaurants Inc. 49 1,286 Mills Corp. 60 1,283 ANADIGICS Inc./(1)/ 105 1,281 Harris Corp. 40 1,273 Vicor Corp./(1)/ 90 1,270 Callaway Golf Co. 99 1,267 Covanta Energy Corporation/(1)/ 108 1,261 Dionex Corp./(1)/ 50 1,261 Gentiva Health Services Inc./(1)/ 70 1,261 Read-Rite Corp./(1)/ 427 1,260 FuelCell Energy Inc./(1)(2)/ 85 1,259 Integra LifeSciences Holdings Corporation/(1)/ 45 1,243 Enzo Biochem Inc./(1)/ 73 1,238 Interwoven Inc./(1)/ 320 1,235 WD-40 Company 60 1,233 Priceline.com Inc./(1)/ 325 1,232 Riverstone Networks Inc./(1)/ 234 1,229 Stewart & Stevenson Services Inc. 51 1,228 InterVoice-Brite Inc./(1)/ 118 1,225 Panera Bread Co. "A"/(1)/ 35 1,225 Maverick Tube Corp./(1)/ 135 1,223 Bright Horizons Family Solutions Inc./(1)/ 45 1,215 Forest Oil Corp./(1)/ 49 1,215 Biosite Diagnostics Inc./(1)/ 50 1,210 MKS Instruments Inc./(1)/ 68 1,207 Cadiz Inc./(1)/ 140 1,200 Bally Total Fitness Holding Corp./(1)/ 59 1,198 Brooks Automation Inc./(1)/ 45 1,197 Hain Celestial Group Inc./(1)/ 65 1,197 FEI Co./(1)/ 55 1,196 Korn/Ferry International/(1)/ 145 1,196 Sapient Corp./(1)/ 310 1,194 Amylin Pharmaceuticals Inc./(1)/ 215 1,189 Landauer Inc. 35 1,188 Town & Country Trust 60 1,188 West Corp./(1)/ 60 1,188 Hooper Holmes Inc. 190 1,186 Southwestern Energy Company/(1)/ 100 1,185 Internet Security Systems Inc./(1)(2)/ 130 1,184 CTS Corp. 80 1,182 Tanox Inc./(1)/ 80 1,182 Lone Star Technologies Inc./(1)/ 95 1,178 Serologicals Corp./(1)/ 65 1,177 Asyst Technologies Inc./(1)/ 130 1,176 Delta & Pine Land Co. 69 1,172 DDi Corp./(1)/ 149 1,168 Farmer Mac/(1)/ 35 1,168 Pharmacopeia Inc./(1)/ 90 1,166 Photon Dynamics Inc./(1)/ 50 1,158 Computer Network Technology Corp./(1)/ 110 1,157 Aspen Technology Inc./(1)/ 115 1,150 Documentum Inc./(1)/ 140 1,147 Anaren Microwave Inc./(1)/ 70 1,144 Kulicke & Soffa Industries Inc./(1)/ 105 1,144 Magnum Hunter Resources Inc./(1)/ 120 1,139 Tech Data Corp./(1)/ 30 1,137 Seachange International Inc./(1)/ 65 1,136 Granite Construction Inc. 44 1,128 Digene Corp./(1)/ 45 1,125 Willamette Industries Inc. 25 1,125 Edwards Lifesciences Corp./(1)/ 50 1,120 Molecular Devices Corp./(1)/ 60 1,118 Entegris Inc./(1)/ 141 1,114 Biopure Corp./(1)(2)/ 60 1,113 Yankee Candle Co. Inc. (The)/(1)(2)/ 65 1,112 Verity Inc./(1)/ 110 1,111 CUNO Inc./(1)/ 40 1,110 Andrew Corp./(1)/ 61 1,109 Littelfuse Inc./(1)/ 50 1,106 Oakley Inc./(1)/ 88 1,104 Cyberonics Inc./(1)/ 70 1,103 Borland Software Corp./(1)/ 136 1,102 IGEN International Inc./(1)/ 40 1,101 Frontier Financial Corp. 40 1,100 Suffolk Bancorp 25 1,099 Swift Energy Co./(1)/ 53 1,093 Martek Biosciences Corp./(1)/ 60 1,092 Rare Hospitality International Inc./(1)/ 70 1,088 Franklin Electric Co. Inc. 15 1,080 Electronics Boutique Holdings Corp./(1)/ 40 1,078 P.F. Chang's China Bistro Inc./(1)(2)/ 30 1,078 Westport Resources Corp./(1)/ 73 1,073 ANSYS Inc./(1)/ 60 1,071 Secure Computing Corp./(1)/ 110 1,071 EGL Inc./(1)/ 120 1,064 Veritas DGC Inc./(1)/ 95 1,059 American HealthCorp Inc./(1)/ 30 1,057
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Harmonic Inc./(1)/ 130 $ 1,053 Manugistics Group Inc./(1)/ 181 1,053 ABIOMED Inc./(1)(2)/ 60 1,048 Cohu Inc. 70 1,047 International Speedway Corp. "A" 30 1,045 DRS Technologies Inc./(1)/ 30 1,042 Papa John's International Inc./(1)/ 40 1,042 Oshkosh B'gosh Inc. "A" 40 1,040 Mobile Mini Inc./(1)/ 40 1,038 Digital Insight Corp./(1)/ 90 1,035 First BanCorp. 40 1,034 Superior Energy Services Inc./(1)/ 175 1,033 FTI Consulting Inc./(1)/ 35 1,029 Outback Steakhouse Inc./(1)/ 40 1,024 Alexion Pharmaceuticals Inc./(1)/ 60 1,021 Unit Corp./(1)/ 115 1,021 Duane Reade Inc./(1)/ 34 1,020 INAMED Corp./(1)/ 60 1,020 Learning Tree International Inc./(1)/ 50 1,015 Lightbridge Inc./(1)/ 99 1,015 Corinthian Colleges Inc./(1)/ 30 1,011 SonicWALL Inc./(1)/ 85 1,010 Forest City Enterprises Inc. "A" 21 1,008 Stellent Inc./(1)(2)/ 70 1,008 MedQuist Inc./(1)/ 40 1,006 Berry Petroleum Co. "A" 65 1,004 Dianon Systems Inc./(1)/ 20 1,004 Agile Software Corp./(1)/ 110 1,000 NBTY Inc./(1)/ 76 1,000 Heidrick & Struggles International Inc./(1)/ 70 999 Viasat Inc./(1)/ 56 999 Advanced Energy Industries Inc./(1)/ 60 998 Echelon Corp./(1)(2)/ 80 998 Transwitch Corp./(1)/ 325 995 Valuevision International Inc. "A"/(1)/ 77 993 Houston Exploration Co./(1)/ 40 992 NABI Inc./(1)/ 160 989 Texas Biotech Corp./(1)/ 175 989 Informatica Corp./(1)/ 250 987 Pixelworks Inc./(1)/ 78 983 MIPS Technologies Inc. "A"/(1)/ 150 982 E.piphany Inc./(1)/ 230 977 Identix Inc./(1)/ 120 977 Per-Se Technologies Inc./(1)/ 123 977 First Horizon Pharmaceutical Corp./(1)/ 38 976 Boston Private Financial Holdings Inc. 50 975 Proxim Inc./(1)/ 100 975 Charlotte Russe Holding Inc./(1)/ 75 974 Midway Games Inc./(1)(2)/ 80 969 Libbey Inc. 30 967 MSC.Software Corp./(1)/ 60 966 Georgia Gulf Corp. 60 964 Peabody Energy Corp./(2)/ 40 964 Superior Industries International Inc. 29 963 WMS Industries Inc./(1)/ 55 962 ProBusiness Services Inc./(1)/ 65 961 Avigen Inc./(1)/ 70 960 Tollgrade Communications Inc./(1)/ 50 960 Sotheby's Holdings Inc. "A"/(1)/ 80 959 Wet Seal Inc. "A"/(1)/ 52 957 Tweeter Home Entertainment Group Inc./(1)/ 70 955 Dendrite International Inc./(1)/ 120 953 Magellan Health Services Inc./(1)/ 83 952 AsiaInfo Holdings Inc./(1)/ 80 951 Lexicon Genetics Inc./(1)/ 125 950 IndyMac Bancorp Inc./(1)/ 35 949 Pre-Paid Legal Services Inc./(1)/ 55 948 Florida Rock Industries Inc. 30 946 OraSure Technologies Inc./(1)/ 92 943 Regis Corp. 45 943 Engineered Support Systems Inc. 20 942 Getty Images Inc./(1)/ 85 938 MGI Pharma Inc./(1)/ 70 936 Rollins Inc. 60 933 Novavax Inc./(1)/ 66 931 ONI Systems Inc./(1)/ 231 931 S1 Corp./(1)/ 110 931 GoTo.com Inc./(1)/ 75 930 Prima Energy Corp./(1)/ 42 930 Group 1 Automotive Inc./(1)/ 35 929 University of Phoenix Online/(1)(2)/ 30 929 Ferro Corp. 40 927 Washington Trust Bancorp Inc. 50 925 St. Mary Land & Exploration Co. 58 924 Theragenics Corp./(1)/ 100 924 Advanced Tissue Sciences Inc./(1)/ 260 923 Grey Wolf Inc./(1)/ 512 922 Ventana Medical Systems Inc./(1)/ 45 920 School Specialty Inc./(1)/ 30 917 Stilwell Financial Inc. 47 917 Impax Laboratories Inc./(1)/ 70 916 Rayovac Corp./(1)/ 60 915
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 55 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------- TALX Corp. 43 $ 914 Headwaters Inc./(1)/ 83 913 WebEx Communications Inc./(1)(2)/ 43 913 Frontier Airlines Inc./(1)/ 110 911 Ocular Sciences Inc./(1)/ 45 911 Atwood Oceanics Inc./(1)/ 35 910 Intermagnetics General Corp./(1)/ 39 907 Universal Electronics Inc./(1)/ 60 905 Lincoln Electric Holding Inc. 41 903 Paxson Communications Corp./(1)/ 125 900 Universal Compression Holdings Inc./(1)/ 40 900 CoStar Group Inc./(1)/ 50 898 Intrado Inc./(1)/ 35 898 Metro-Goldwyn-Mayer Inc./(1)/ 53 898 Scansource Inc./(1)/ 20 896 Omnicare Inc. 41 895 MRV Communications Inc./(1)/ 298 894 Strayer Education Inc. 20 892 Harrah's Entertainment Inc./(1)/ 33 891 Zoll Medical Corp./(1)(2)/ 25 890 Walter Industries Inc. 99 886 Endocare Inc./(1)/ 50 877 Tennant Co. 25 875 Nordson Corp. 40 874 Autodesk Inc. 27 866 Vical Inc./(1)/ 85 866 Manhattan Associates Inc./(1)/ 51 865 Fossil Inc./(1)(2)/ 55 864 Intertan Inc./(1)/ 110 863 Pemstar Inc./(1)/ 75 863 EDO Corp. 30 862 Knight Transportation Inc./(1)/ 45 862 Teletech Holdings Inc./(1)/ 110 859 Arch Coal Inc. 55 858 Northwest Airlines Corp. "A"/(1)/ 75 856 PLATO Learning Inc./(1)/ 35 845 Take-Two Interactive Software Inc./(1)(2)/ 119 841 AMC Entertainment Inc./(1)/ 80 840 California Pizza Kitchen Inc./(1)/ 53 840 Vastera Inc./(1)/ 75 840 Harman International Industries Inc. 25 837 Universal Corporation 25 834 Guitar Center Inc./(1)/ 70 833 Sandy Spring Bancorp Inc. 21 833 StorageNetworks Inc./(1)/ 210 832 Barnes & Noble Inc./(1)(2)/ 23 830 Forrester Research Inc./(1)/ 50 830 Cato Corp. "A" 55 823 Durect Corp./(1)/ 85 823 Memberworks Inc./(1)/ 40 823 Renaissance Learning Inc./(1)/ 25 823 Neurogen Corp./(1)/ 50 820 CNET Networks Inc./(1)/ 190 817 EPIQ Systems Inc./(1)(2)/ 32 816 PanAmSat Corp./(1)/ 35 816 Presstek Inc./(1)/ 130 806 Planar Systems Inc./(1)/ 40 804 Quiksilver Inc./(1)/ 65 803 PRI Automation Inc./(1)/ 80 802 Diversa Corp./(1)/ 85 799 TeleCorp PCS Inc./(1)/ 72 796 AptarGroup Inc. 25 795 Capstone Turbine Corp./(1)/ 131 791 First Busey Corp. "A" 40 790 NaPro BioTherapeutics Inc./(1)/ 100 790 DMC Stratex Networks Inc./(1)/ 153 789 Fred's Inc. 30 786 Connetics Corp./(1)/ 120 785 Scotts Co. (The) "A"/(1)/ 23 784 Imatron Inc./(1)/ 440 783 Pure Resources Inc./(1)/ 49 782 BioMarin Pharmaceutical Inc./(1)/ 80 780 Columbia Sportswear Co./(1)/ 35 777 Sycamore Networks Inc./(1)/ 223 776 ABM Industries Inc. 30 774 Shuffle Master Inc./(1)/ 61 769 Geron Corp./(1)/ 80 768 Viad Corp. 40 767 Antigenics Inc./(1)/ 60 765 Vasomedical Inc./(1)/ 248 761 Spectralink Corp./(1)/ 50 759 Xicor Inc./(1)/ 95 755 United Therapeutics Inc./(1)/ 60 754 Western Digital Corp./(1)/ 345 749 Numerical Technologies Inc./(1)(2)/ 45 747 United States Cellular Corp./(1)(2)/ 15 743 AXT Inc./(1)(2)/ 70 742 Rudolph Technologies Inc./(1)/ 30 740 Gabelli Asset Management Inc. "A"/(1)/ 20 737 Rural Cellular Corp. "A"/(1)/ 30 729 Emcore Corp./(1)/ 85 728 Stratos Lightwave Inc./(1)/ 211 728
- -------------------------------------------------------------------------------- page 56 i|Shares iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------- BroadVision Inc./(1)/ 798 $ 726 Lands' End Inc./(1)/ 25 722 Arqule Inc./(1)/ 69 721 Netegrity Inc./(1)(2)/ 84 720 RadiSys Corp./(1)/ 60 720 Caliper Technologies Corp./(1)/ 77 712 Pharmacyclics Inc./(1)(2)/ 40 712 Lindsay Manufacturing Co. 40 710 Offshore Logistics Inc./(1)/ 37 710 Otter Tail Power Co. 25 709 Allegiance Telecom Inc./(1)/ 235 707 Station Casinos Inc./(1)/ 84 706 Bio-Rad Laboratories Inc. "A"/(1)/ 15 705 Hollywood Entertainment Corp./(1)/ 60 705 Student Loan Corp. 10 705 Redback Networks Inc./(1)/ 485 703 Nike Inc. "B" 15 702 Organogenesis Inc./(1)/ 120 702 Skechers U.S.A. Inc. "A"/(1)(2)/ 60 701 American Superconductor Corp./(1)/ 75 700 Factory 2-U Stores Inc./(1)/ 50 700 Pegasus Communications Corp./(1)/ 100 700 SERENA Software Inc./(1)/ 60 699 Triad Guaranty Inc./(1)/ 20 699 4Kids Entertainment Inc./(1)/ 35 696 Triarc Companies Inc./(1)/ 30 693 Advanced Marketing Services Inc. 45 691 DiamondCluster International Inc. "A"/(1)/ 70 689 Penwest Pharmaceuticals Co./(1)/ 40 689 RailAmerica Inc./(1)/ 55 688 Polymedica Industries Corp./(1)(2)/ 45 687 Sterling Bancshares Inc. 52 687 Electroglas Inc./(1)/ 55 685 Inktomi Corp./(1)/ 250 685 Praecis Pharmaceuticals Inc./(1)/ 183 683 Ivex Packaging Corp./(1)/ 40 682 Luminex Corp./(1)(2)/ 50 682 Children's Place Retail Stores Inc./(1)/ 38 681 Bel Fuse Inc. "B" 35 680 Intuitive Surgical Inc./(1)/ 109 680 Airtran Holdings Inc./(1)/ 160 678 Montana Power Co. 129 677 First Midwest Bancorp Inc. 20 676 Tejon Ranch Co./(1)/ 30 675 Cognizant Technology Solutions Corp./(1)/ 30 672 Cytogen Corp./(1)/ 248 670 Ixia/(1)/ 105 667 Galileo International Inc. 32 664 Guilford Pharmaceuticals Inc./(1)/ 77 663 Radiant Systems Inc./(1)/ 65 663 Benchmark Electronics Inc./(1)/ 40 661 Centra Software Inc./(1)/ 77 659 Energy Conversion Devices Inc./(1)/ 40 658 Blockbuster Inc. 30 657 Harland (John H.) Co. 30 657 Penn National Gaming Inc./(1)/ 40 656 Ariba Inc./(1)/ 351 653 Sensient Technologies Corp. 35 652 Endo Pharmaceuticals Holdings Inc./(1)/ 60 651 F5 Networks Inc./(1)/ 70 650 CardioDynamics International Corp./(1)/ 135 648 Possis Medical Inc./(1)/ 55 644 webMethods Inc./(1)(2)/ 93 643 Bei Technologies Inc. 40 642 Interneuron Pharmaceuticals Inc./(1)/ 129 642 InteliData Technologies Corp./(1)/ 195 640 Spanish Broadcasting System Inc. "A"/(1)/ 90 638 Genuity Inc./(1)/ 405 636 FreeMarkets Inc./(1)(2)/ 60 635 W-H Energy Services Inc./(1)/ 45 633 Parkervision Inc./(1)/ 35 631 Getty Realty Corp. 35 630 Excel Technology Inc./(1)/ 40 629 Microtune Inc./(1)/ 55 627 Acacia Research Corp./(1)/ 68 625 CoorsTek Inc./(1)/ 25 625 Dyax Corp./(1)/ 65 625 Titan Pharmaceuticals Inc./(1)/ 100 625 Briggs & Stratton Corp. 20 624 Jacobs Engineering Group Inc./(1)/ 10 624 Three-Five Systems Inc./(1)/ 39 622 Genta Inc./(1)(2)/ 60 621 Semitool Inc./(1)/ 65 621 WFS Financial Inc./(1)/ 35 621 Zygo Corp./(1)/ 60 619 deCODE genetics Inc./(1)/ 100 617 Nuance Communications Inc./(1)(2)/ 95 617 DUSA Pharmaceuticals Inc./(1)/ 60 616 NCO Group Inc./(1)/ 45 616 TriZetto Group Inc. (The)/(1)/ 70 616 Vitria Technology Inc./(1)/ 300 615 City Bank 25 611
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 57 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------- Portal Software Inc./(1)/ 410 $ 611 Central Coast Bancorp/(1)/ 29 608 Cablevision Systems Corporation - Rainbow Media Group/(1)/ 30 607 Connecticut Water Service Inc. 22 607 Expedia Inc. "A"/(1)(2)/ 25 607 New Focus Inc./(1)/ 188 607 Ultimate Electronics Inc./(1)/ 35 607 Inspire Pharmaceuticals Inc./(1)/ 70 606 UbiquiTel Inc./(1)/ 75 605 AVANIR Pharmaceuticals "A"/(1)/ 207 600 BE Aerospace Inc./(1)/ 79 600 ICU Medical Inc./(1)/ 15 600 John Nuveen Co. "A" 14 597 Martha Stewart Living Inc. "A"/(1)(2)/ 40 596 Professional Detailing Inc./(1)/ 25 596 Speedway Motorsports Inc./(1)/ 30 596 Alexandria Real Estate Equities Inc. 15 592 Vidamed Inc./(1)/ 155 592 ACLARA BioSciences Inc./(1)/ 105 590 Aphton Corp./(1)/ 60 590 Remington Oil & Gas Corp./(1)/ 45 589 Matrixone Inc./(1)/ 108 588 Instinet Group Inc./(1)/ 60 587 Bone Care International Inc./(1)/ 30 584 Rent-A-Center Inc./(1)/ 25 581 Denbury Resources Inc./(1)/ 70 580 CorVel Corp./(1)/ 22 579 Henry Schein Inc./(1)/ 15 579 Microvision Inc./(1)/ 45 576 Maxtor Corp./(1)/ 161 575 Vans Inc./(1)/ 50 575 McDATA Corporation "A"/(1)/ 68 571 Avant Immunotherapeutics Inc./(1)/ 240 569 Corvas International Inc./(1)/ 99 569 Hotel Reservations Network Inc. "A"/(1)(2)/ 25 568 Suiza Foods Corp./(1)/ 9 568 Powell Industries Inc./(1)/ 25 566 UnitedGlobalCom Inc. "A"/(1)(2)/ 244 566 Aether Systems Inc./(1)/ 90 564 FalconStor Software Inc./(1)/ 65 564 MGM Grand Inc./(1)(2)/ 25 562 National Golf Properties Inc. 35 562 NeoPharm Inc./(1)/ 40 562 Arena Pharmaceuticals Inc./(1)/ 51 561 Carlisle Companies Inc. 20 561 Lancaster Colony Corp. 20 560 National Processing Inc./(1)/ 20 560 ProQuest Company/(1)/ 17 559 Somera Communications Inc./(1)/ 130 559 Citizens Inc./(1)/ 55 558 DuPont Photomasks Inc./(1)/ 20 556 US Unwired Inc. "A"/(1)/ 55 556 CARBO Ceramics Inc. 20 554 Idex Corp. 20 553 X-Rite Inc. 70 553 Dendreon Corp./(1)/ 65 552 Centillium Communications Inc./(1)/ 91 551 Digimarc Corp./(1)/ 40 551 Federal Realty Investment Trust 25 550 CACI International Inc. "A"/(1)/ 10 547 Actuate Corp./(1)/ 130 545 United Natural Foods Inc./(1)/ 30 545 AGCO Corp. 60 543 Private Media Group Inc./(1)/ 70 543 Raymond James Financial Inc. 20 543 TRC Companies Inc./(1)/ 15 542 Cathay Bancorp Inc. 10 539 Clark/Bardes Holdings Inc./(1)/ 25 539 Sirius Satellite Radio Inc./(1)/ 150 539 Acxiom Corp./(1)/ 57 536 Ackerly Group Inc. (The)/(1)/ 50 535 Readers Digest Association Inc. (The) "A" 29 533 Roxio Inc./(1)/ 35 532 Travelocity.com Inc./(1)(2)/ 40 532 7-Eleven Inc./(1)/ 55 531 Supergen Inc./(1)/ 75 529 Unisys Corp./(1)/ 61 528 EntreMed Inc./(1)(2)/ 60 525 Startek Inc./(1)/ 30 525 Covansys Corporation/(1)/ 60 524 Trex Co. Inc./(1)/ 30 524 Tetra Technologies Inc./(1)/ 30 523 Genome Therapeutics Corp./(1)/ 90 522 II-VI Inc./(1)/ 40 521 Illumina Inc./(1)/ 80 520 Saga Communications Inc./(1)/ 30 519 Dobson Communications Corp. "A"/(1)(2)/ 50 517 Quicksilver Resources Inc./(1)/ 38 517 Sunrise Assisted Living Inc./(1)(2)/ 20 517 Syntroleum Corp./(1)/ 110 516 O'Charley's Inc./(1)/ 30 514
- -------------------------------------------------------------------------------- page 58 i|Shares iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------- Elizabeth Arden Inc./(1)/ 40 $ 511 AFC Enterprises Inc./(1)/ 25 510 MTR Gaming Group Inc./(1)/ 55 510 Sonosite Inc./(1)/ 25 510 Heartland Express Inc./(1)/ 22 506 Sports Resorts International Inc./(1)/ 70 503 Net.B@nk Inc./(1)/ 60 502 CCBT Financial Companies Inc. 20 500 Columbia Laboratories Inc./(1)/ 110 494 Keynote Systems Inc./(1)/ 65 494 Kendle International Inc./(1)/ 25 493 Merix Corp./(1)/ 35 492 Essex Property Trust Inc. 10 491 Digital Lightwave Inc./(1)/ 50 490 Symmetricom Inc./(1)/ 90 490 Energy Partners Ltd./(1)/ 70 489 Hickory Tech Corp. 30 489 Research Frontiers Inc./(1)/ 30 488 Salem Communications Corp. "A"/(1)/ 25 488 Entrust Technologies Inc./(1)/ 170 484 MCSi Inc./(1)(2)/ 30 483 1-800-FLOWERS.com Inc./(1)/ 40 482 Closure Medical Corp./(1)/ 25 481 Akamai Technologies Inc./(1)/ 165 480 Mattson Technology Inc./(1)/ 120 480 Metasolv Inc./(1)/ 80 480 SY Bancorp Inc. 15 480 Packaging Corporation of America/(1)/ 31 479 Centerpoint Properties Corp. 10 477 Nextel Partners Inc. "A"/(1)/ 70 471 Transaction Systems Architects Inc. "A"/(1)/ 75 471 Computerized Thermal Imaging Inc./(1)/ 210 470 Sciclone Pharmaceuticals Inc./(1)/ 140 469 Versicor Inc./(1)/ 35 469 Transmeta Corp./(1)/ 331 467 Right Management Consultants Inc./(1)/ 15 466 Dril-Quip Inc./(1)/ 30 465 Dycom Industries Inc./(1)/ 40 464 WESCO International Inc./(1)/ 90 464 Allscripts Healthcare Solutions Inc./(1)/ 110 462 EarthShell Corp./(1)/ 210 462 Key Productions Co. Inc./(1)/ 40 462 Therma-Wave Inc./(1)/ 45 462 Iomega Corp./(1)/ 378 461 Valence Technology Inc./(1)/ 130 460 Conestoga Enterprises Inc. 20 459 Miravant Medical Technologies/(1)/ 60 459 Vital Sign Inc. 15 459 Sage Inc./(1)/ 30 458 Gulfmark Offshore Inc./(1)/ 19 456 Integral Systems Inc./(1)/ 25 451 Sanchez Computer Associates Inc./(1)/ 60 451 Main Street Banks Inc. 25 450 Vector Group Ltd. 11 449 Boston Communications Group Inc./(1)/ 40 448 La Jolla Pharmaceutical Co./(1)/ 110 448 Esperion Therapeutics Inc./(1)/ 60 447 Cygnus Inc./(1)/ 80 446 Register.com/(1)/ 45 446 American Woodmark Corp. 15 440 Profit Recovery Group International Inc. (The)/(1)(2)/ 45 440 Urocor Inc./(1)/ 25 440 CCC Information Services Group Inc./(1)/ 60 439 AnnTaylor Stores Corp./(1)/ 20 438 Aspect Medical Systems Inc./(1)/ 40 438 Concord Camera Corp./(1)/ 100 438 MapInfo Corp./(1)/ 60 438 Crawford & Co. "B" 35 436 Conceptus Inc./(1)/ 25 435 Valentis Inc./(1)/ 145 435 Young Broadcasting Corp. "A"/(1)/ 30 435 Med-Design Corp. (The)/(1)/ 30 432 aaiPharma Inc./(1)/ 25 430 Clarent Corp./(1)/ 80 430 Keithley Instruments Inc. 30 430 McGrath Rentcorp 20 430 Medicines Company (The)/(1)(2)/ 71 430 Avant! Corp./(1)/ 145 429 SpeechWorks International Inc./(1)/ 87 429 ACTV Inc./(1)/ 210 428 Quanta Services Inc./(1)/ 30 428 XO Communications Inc. "A"/(1)(2)/ 1,045 428 I-Stat Corp./(1)/ 70 427 DigitalThink Inc./(1)/ 55 425 AnswerThink Consulting Group Inc./(1)/ 90 423 Universal Display Corp./(1)(2)/ 60 423 HotJobs.com Ltd./(1)/ 70 418 Kos Pharmaceuticals Inc./(1)/ 15 418 Peregrine Pharmaceuticals/(1)/ 420 416 Green Mountain Coffee Inc./(1)/ 18 415 Siliconix Inc./(1)/ 20 415
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 59 iShares Russell 3000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Celeritek Inc./(1)/ 35 $ 414 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 40 414 Liqui-Box Corp. 10 412 IDX Systems Corp./(1)/ 40 410 Stein Mart Inc./(1)/ 50 410 Micros Systems Inc./(1)/ 23 409 Electronics For Imaging Inc./(1)/ 25 407 UGI Corp. 15 407 Steven Madden Ltd./(1)/ 40 406 Netro Corp./(1)/ 150 405 CompuCredit Corp./(1)/ 55 401 Xybernaut Corp./(1)/ 200 400 Coherent Inc./(1)/ 14 398 Steel Dynamics Inc./(1)/ 40 396 World Wrestling Federation Entertainment Inc./(1)/ 30 396 Cell Pathways Inc./(1)(2)/ 120 395 Select Medical Corp./(1)/ 25 394 Buca Inc./(1)/ 35 393 Independent Bank Corp.(MI) 15 391 Regent Communications Inc./(1)/ 65 391 Viewpoint Corp./(1)/ 115 391 Internap Network Services Corp./(1)/ 390 390 Northfield Laboratories Inc./(1)/ 30 390 3D Systems Corp./(1)/ 25 390 Wave Systems Corp. "A"/(1)/ 230 389 Ingram Micro Inc. "A"/(1)/ 30 387 Lecroy Corp./(1)/ 20 387 Spectrasite Holdings Inc./(1)/ 160 386 Catellus Development Corp./(1)/ 22 385 Del Monte Foods Co./(1)/ 50 385 Entravision Communications Corp./(1)/ 45 385 Plug Power Inc./(1)/ 40 385 Smucker (J.M) Company (The) 15 385 Auspex Systems Inc./(1)/ 163 383 United National Bancorp 15 383 WatchGuard Technologies Inc./(1)/ 50 383 Mastec Inc./(1)/ 75 382 Wabtec Corporation 35 382 Websense Inc./(1)/ 35 382 Mississippi Valley Bancshares Inc. 10 380 Modis Professional Services Inc./(1)/ 95 380 Carreker Corp./(1)/ 50 379 Kenneth Cole Productions "A"/(1)/ 30 379 Blyth Inc. 19 378 National Penn Bancshares Inc. 16 376 Jill (J.) Group Inc. (The)/(1)/ 30 375 JNI Corp./(1)/ 60 375 Arrow International Inc. 10 373 Star Scientific Inc./(1)/ 135 373 Trendwest Resorts Inc./(1)/ 15 371 Meritage Corp./(1)/ 10 370 North Pittsburgh Systems Inc. 25 368 Novadigm Inc./(1)/ 50 367 Tuesday Morning Corp./(1)/ 40 367 BriteSmile Inc./(1)(2)/ 61 366 Pharmos Corp./(1)/ 150 366 Action Performance Companies Inc./(1)/ 20 364 Pinnacle Systems Inc./(1)/ 125 364 Lexent Inc./(1)/ 50 362 Oshkosh Truck Corp. 10 362 PLX Technology Inc./(1)/ 70 362 Array BioPharma Inc./(1)/ 40 361 eSPEED Inc. "A"/(1)(2)/ 45 360 Systems & Computer Technology Corp./(1)/ 40 360 MRO Software Inc./(1)/ 35 357 Novoste Corp./(1)/ 60 356 Robert Mondavi Corp. (The) "A"/(1)/ 10 356 TD Waterhouse Group Inc./(1)/ 58 356 Spectra-Physics Lasers Inc./(1)/ 20 355 Adaptec Inc./(1)/ 45 354 Nanometrics Inc./(1)/ 20 354 Hibbet Sporting Goods Inc./(1)/ 15 352 Mechanical Technology Inc./(1)/ 100 350 Regeneration Technologies Inc./(1)/ 30 350 Triumph Group Inc./(1)/ 15 350 United Rentals Inc./(1)/ 20 347 McAfee.com Corp./(1)/ 30 346 Silicon Laboratories Inc./(1)(2)/ 25 345 SPSS Inc./(1)/ 20 344 Terremark Worldwide Inc./(1)/ 680 340 Urologix Inc./(1)/ 25 340 Digex Inc./(1)/ 100 334 Silicon Image Inc./(1)/ 160 334 Nanogen Inc./(1)/ 68 332 Middlesex Water Co. 10 330 United Stationers Inc./(1)/ 11 329 Trigon Healthcare Inc./(1)/ 5 328 Aquila Inc./(1)/ 15 327 PetroQuest Energy Inc./(1)/ 65 327 Mediacom Communications Corp./(1)/ 25 326 Rigel Pharmaceuticals Inc./(1)/ 65 325
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Metawave Communications Corp./(1)/ 120 $ 324 ATS Medical Inc./(1)/ 80 320 Key3Media Group Inc./(1)/ 80 317 Active Power Inc./(1)/ 63 316 Aware Inc./(1)/ 80 315 First Consulting Group Inc./(1)/ 35 315 Pain Therapeutics Inc./(1)/ 45 315 Quixote Corp. 15 315 Sequenom Inc./(1)/ 45 315 RPC Inc. 25 311 Wintrust Financial Corp. 10 311 Advanced Neuromodulation Systems Inc./(1)/ 15 310 Meridian Resource Corp. (The)/(1)/ 95 309 Daktronics Inc./(1)/ 35 308 Genzyme Transgenics Corp./(1)/ 80 308 National Healthcare Corp./(1)/ 20 308 Beasley Broadcast Group Inc. "A"/(1)/ 30 307 Collins & Aikman Corp./(1)/ 50 307 Carter-Wallace Inc. 15 306 Black Hills Corp. 10 305 Lantronix Inc./(1)/ 50 305 POZEN Inc./(1)/ 70 305 Alexander's Inc./(1)/ 5 304 Vion Pharmaceuticals Inc./(1)/ 65 304 Centennial Bancorp 40 302 TriPath Imaging Inc./(1)/ 70 301 Western Multiplex Corp./(1)/ 80 299 Curis Inc./(1)/ 85 297 Applied Molecular Evolution Inc./(1)/ 40 296 AVI BioPharma Inc./(1)/ 40 296 Visual Networks Inc./(1)/ 130 296 Atlas Air Inc./(1)/ 30 295 GenesisIntermedia Inc./(1)(2)/ 50 295 Caminus Corp./(1)/ 20 294 Convera Corp./(1)/ 120 294 Telik Inc./(1)/ 45 293 Constellation Brands Inc./(1)/ 7 292 Pall Corp. 15 292 Flow International Corp./(1)/ 30 290 Medallion Financial Corp. 35 289 Sterling Bancorp 10 288 Mueller Industries Inc./(1)/ 10 287 Syntel Inc./(1)/ 35 287 3DO Co. (The)/(1)/ 140 287 Penn Engineering & Manufacturing Corp. 20 284 Spiegel Inc. "A" 40 282 Liberty Digital Inc. "A"/(1)/ 70 281 Ribozyme Pharmaceuticals Inc./(1)/ 40 280 Valmont Industries Inc. 20 280 Hydril Co./(1)/ 20 279 SBS Technologies Inc./(1)/ 25 279 Progenics Pharmaceuticals Inc./(1)/ 20 278 AVX Corp./(2)/ 17 277 Actrade Financial Technologies Ltd./(1)/ 15 276 MicroFinancial Inc. 20 275 Specialty Laboratories Inc./(1)/ 10 275 Oplink Communications Inc./(1)/ 415 274 Resources Connection Inc./(1)/ 15 273 Virage Logic Corp./(1)/ 25 273 Louis Dreyfus Natural Gas Corp./(1)/ 7 272 Sonic Automotive Inc./(1)/ 20 272 Genzyme Corp. - Molecular Oncology/(1)/ 35 271 Holly Corp. 15 271 Mesa Air Group Inc./(1)/ 83 271 Centennial Cellular Corp. "A"/(1)/ 30 270 International Bancshares Corp. 7 270 ChipPAC Inc./(1)/ 117 269 Wackenhut Corrections Corp./(1)/ 20 268 Wireless Facilities Inc./(1)/ 60 268 Great Southern Bancorp Inc. 10 265 U.S. Airways Group Inc./(1)(2)/ 57 265 Pericom Semiconductor Corp./(1)/ 19 264 Chordiant Software Inc./(1)/ 140 262 Fisher Communications Inc. 5 260 Exodus Communications Inc./(1)/ 1,522 259 APAC Customer Services Inc. 145 254 QRS Corp./(1)/ 30 252 Artesyn Technologies Inc./(1)/ 46 250 Rightchoice Managed Care Inc./(1)/ 5 250 VaxGen Inc./(1)(2)/ 20 250 ESCO Technologies Inc./(1)/ 10 249 Pier 1 Imports Inc. 30 249 Docent Inc./(1)/ 120 248 Alloy Online Inc./(1)/ 20 247 Lynch Interactive Corp./(1)/ 5 247 Measurements Specialties Inc./(1)/ 25 247 Performance Technologies Inc./(1)/ 30 247 Genencor International Inc./(1)/ 25 246 Ariad Pharmaceuticals Inc./(1)/ 100 245 Financial Federal Corp./(1)/ 10 245 Grant Prideco Inc./(1)/ 40 244 Hyseq Inc./(1)/ 40 244
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Independent Bank Corp.(MA) 15 $ 244 Ventiv Health Inc./(1)/ 60 244 Oceaneering International Inc./(1)/ 15 243 ON Semiconductor Corp./(1)/ 130 241 Stanley Furniture Co. Inc./(1)/ 10 241 Century Aluminum Company 30 240 Community First Bankshares Inc. 10 240 SkillSoft Corp./(1)/ 15 240 Pathmark Stores Inc./(1)/ 10 238 Wackenhut Corp. "A"/(1)(2)/ 10 238 Inet Technologies Inc./(1)/ 40 236 Proton Energy Systems Inc./(1)/ 50 236 RPM Inc. 25 236 ADE Corp./(1)/ 25 235 S&T Bancorp Inc. 10 234 IMPCO Technologies Inc./(1)/ 20 233 Puma Technology Inc./(1)/ 170 230 Supertex Inc./(1)/ 15 229 Venator Group Inc./(1)/ 15 229 Avici Systems Inc./(1)/ 177 227 Gymboree Co./(1)/ 35 227 NL Industries Inc. 15 225 Packeteer Inc./(1)/ 70 223 Avanex Corp./(1)/ 75 222 Keryx Biopharmaceuticals Inc./(1)/ 35 220 Orchid Biosciences Inc./(1)/ 100 219 Paradigm Genetics Inc./(1)/ 35 219 Harte-Hanks Inc. 10 216 Insmed Incorporated/(1)/ 80 214 Micro General Corp./(1)/ 25 214 Midwest Banc Holdings Inc. 10 214 Monaco Coach Corp./(1)/ 15 214 Next Level Communications Inc./(1)/ 70 214 Alliance Gaming Corp./(1)/ 15 213 Pennsylvania Real Estate Investment Trust 10 213 NetScout Systems Inc./(1)/ 50 212 Phoenix Technologies Ltd./(1)/ 21 211 StarBase Corp./(1)/ 320 211 Trikon Technologies Inc./(1)/ 25 211 Central Parking Corp. 15 210 Datastream Systems Inc./(1)/ 70 210 SJNB Financial Corp. 5 209 Triangle Pharmaceuticals Inc./(1)/ 65 208 Big Lots Inc. 25 207 Targeted Genetics Corp./(1)/ 110 207 Catapult Communications Corp./(1)/ 15 206 I-many Inc./(1)/ 89 206 Crown Media Holdings Inc./(1)/ 20 205 Aksys Ltd./(1)/ 40 202 Chiles Offshore Inc./(1)/ 10 202 Gateway Inc./(1)/ 37 202 Ulticom Inc./(1)/ 25 202 Cable Design Technologies Corp./(1)/ 17 201 Fidelity Bankshares Inc. 15 200 Wild Oats Markets Inc./(1)/ 25 199 Artisan Components Inc./(1)/ 25 198 Baldor Electric Co. 10 198 Buckeye Technologies Inc./(1)/ 20 198 Saba Software Inc./(1)/ 100 198 Schawk Inc. 20 197 SIPEX Corp./(1)/ 30 194 CoBiz Inc. 15 193 FiberCore Inc./(1)/ 80 192 Tompkins County Trustco Inc. 5 190 Coca-Cola Bottling Co. 5 189 Transgenomic Inc./(1)/ 25 189 Belden Inc. 10 188 Clayton Williams Energy Inc./(1)/ 20 186 Dover Downs Entertainment Inc. 15 186 Immune Response Corp./(1)/ 130 185 1-800 Contacts Inc./(1)/ 15 184 Coldwater Creek Inc./(1)/ 10 183 Horizon Offshore Inc./(1)/ 30 183 TiVo Inc./(1)/ 55 183 Hemispherx Biopharma Inc./(1)/ 45 181 Microstrategy Inc./(1)(2)/ 160 181 Mission West Properties Inc. 15 180 SeeBeyond Technology Corp./(1)/ 100 180 Kana Communications Inc./(1)/ 495 178 UCAR International Inc./(1)/ 20 178 Red Hat Inc./(1)/ 50 175 World Acceptance Corp./(1)/ 25 175 NN Inc. 20 174 Inter-Tel Inc. 15 172 Natures Sunshine Products Inc. 15 172 R&G Financial Corp. "B" 10 172 Winn-Dixie Stores Inc. 15 172 ONYX Software Corp./(1)/ 90 171 Gulf Island Fabrication Inc./(1)/ 20 170 PEC Solutions Inc./(1)/ 10 170 Art Technology Group Inc./(1)/ 240 168 ITC DeltaCom Inc./(1)/ 140 168
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Zomax Inc./(1)/ 31 $ 168 NTELOS Inc./(1)/ 20 167 Handspring Inc./(1)/ 123 166 Viasystems Group Inc./(1)/ 255 166 Emex Corp./(1)/ 25 164 NMS Communications Corp./(1)/ 105 164 North American Scientific Inc./(1)/ 15 162 Satcon Technology Corp./(1)/ 30 162 Westfield America Inc. 10 162 Acclaim Entertainment Inc./(1)/ 60 161 Watson Wyatt & Co. Holdings/(1)/ 10 159 ZixIt Corp./(1)/ 33 159 C-COR.net Corp./(1)/ 23 158 First Community Bancshares Inc. 5 158 Onyx Pharmaceuticals Inc./(1)/ 45 158 Rent-Way Inc./(1)/ 30 158 Embarcadero Technologies Inc./(1)(2)/ 20 157 CSK Auto Corp./(1)/ 25 156 Genaissance Pharmaceuticals Inc./(1)/ 40 156 Act Manufacturing Inc./(1)/ 35 155 Option Care Inc./(1)(2)/ 10 155 PC Connection Inc./(1)/ 20 155 TTM Technologies Inc./(1)/ 25 155 ADTRAN Inc./(1)/ 8 153 Bebe Stores Inc./(1)/ 10 151 Magna Entertainment Corp. "A"/(1)/ 25 151 Sangamo BioSciences Inc./(1)/ 20 150 Woodhead Industries Inc. 10 150 SRI/Surgical Express Inc./(1)/ 5 149 General Cable Corp. 15 148 Hyperion Solutions Corp./(1)/ 11 147 Brio Technology Inc./(1)/ 60 146 Multex.com Inc./(1)/ 70 145 Braun Consulting Inc./(1)/ 40 144 CPI Corp. 10 144 Oneida Ltd. 10 144 Deltagen Inc./(1)/ 20 141 Arrow Financial Corp. 5 140 Genelabs Technologies Inc./(1)/ 75 139 Interland Inc./(1)/ 130 136 Wilsons The Leather Experts Inc./(1)/ 15 136 MacroChem Corp./(1)/ 55 135 BSQUARE Corp./(1)/ 50 132 Kosan Biosciences Inc./(1)/ 25 132 JDA Software Group Inc./(1)/ 10 131 Prosperity Bancshares Inc. 5 129 IDT Corp./(1)/ 11 126 Pegasus Solutions Inc./(1)/ 15 126 Uniroyal Technology Corp./(1)/ 40 126 LSI Industries Inc. 5 125 Copper Mountain Networks Inc./(1)/ 155 124 Playboy Enterprises Inc. "B"/(1)/ 10 124 Community Banks Inc. 5 122 Witness Systems Inc./(1)/ 15 122 Management Network Group Inc. (The)/(1)/ 20 121 Manufacturers Services Ltd./(1)/ 30 121 IXYS Corporation/(1)/ 20 119 Boston Beer Co Inc. "A"/(1)/ 10 118 Financial Institutions Inc. 5 117 Catalytica Energy Systems Inc./(1)/ 15 115 New Horizons Worldwide Inc./(1)/ 10 115 OTG Software Inc./(1)/ 20 111 LodgeNet Entertainment Corp./(1)/ 10 110 Innovative Solutions and Support Inc./(1)/ 15 109 Carrier Access Corp./(1)/ 40 108 Arris Group Inc./(1)/ 30 107 Harleysville National Corp. 5 107 Sterling Financial Corp.(WA) 5 107 Winnebago Industries Inc. 5 107 Revlon Inc. "A"/(1)/ 20 105 UAXS Global Holdings Inc./(1)/ 140 104 HealthExtras Inc./(1)/ 20 103 Cobalt Corp. 20 102 Hollywood Casino Corp. "A"/(1)/ 15 101 Oriental Financial Group Inc. 5 101 Vysis Inc./(1)/ 5 101 Harvard Bioscience Inc./(1)/ 10 100 Interactive Intelligence Inc./(1)/ 20 100 Digital Generation Systems Inc./(1)/ 70 99 Scientific Games Corp. "A"/(1)/ 25 99 Gentek Inc. 30 97 Glacier Bancorp Inc. 5 95 Sykes Enterprises Inc./(1)/ 17 95 H Power Corp./(1)/ 30 94 Palm Harbor Homes Inc./(1)/ 5 94 Digitas Inc./(1)/ 40 92 VerticalNet Inc./(1)/ 255 92 Ansoft Corp./(1)/ 10 91 SLI Inc. 35 91 CacheFlow Inc./(1)/ 60 90 MacDermid Inc. 7 89 Nanophase Technologies Corp./(1)/ 20 89
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Stanford Microdevices Inc./(1)/ 20 $ 89 KCS Energy Inc./(1)/ 25 88 OPNET Technologies Inc./(1)/ 15 88 Divine Inc. "A"/(1)/ 140 87 Moldflow Corp./(1)/ 10 85 UNB Corp. 5 85 Synplicity Inc./(1)/ 15 84 Spartech Corp. 4 83 August Technology Corp./(1)/ 10 82 EXE Technologies Inc./(1)/ 40 82 U.S. Physical Therapy Inc./(1)/ 5 81 Applied Innovation/(1)/ 10 79 SignalSoft Corp./(1)/ 20 79 OSCA Inc./(1)/ 5 78 NATCO Group Inc. "A"/(1)/ 10 77 Ciphergen Biosystems Inc./(1)/ 25 76 Global Power Equipment Group Inc./(1)/ 5 76 Simpex Solutions Inc./(1)/ 5 76 Dynacq International Inc./(1)/ 5 75 At Home Corp. "A"/(1)/ 495 74 Crown American Realty Trust 10 71 Callon Petroleum Corp./(1)/ 10 68 Arctic Cat Inc. 5 67 Liberty Livewire Corporation "A"/(1)/ 10 67 America Online Latin America Inc. "A"/(1)/ 20 66 Elcor Corp. 3 65 Apogee Enterprises Inc. 5 64 Medis Technologies Ltd./(1)(2)/ 10 63 AT&T Latin America Corp./(1)/ 35 62 Brightpoint Inc./(1)/ 20 62 Inkine Pharmaceutical Co./(1)/ 80 62 Lightpath Technologies Inc. "A"/(1)/ 35 62 ROHN Industries Inc./(1)/ 25 62 USinternetworking Inc./(1)/ 230 62 Click Commerce Inc./(1)/ 40 60 Turnstone Systems Inc./(1)(2)/ 20 60 Ultratech Stepper Inc./(1)/ 5 60 Matrix Pharmaceutical Inc./(1)/ 100 58 Extensity Inc./(1)/ 20 56 Sunrise Telecom Inc./(1)/ 10 50 Tellium Inc./(1)(2)/ 10 49 TradeStation Group Inc./(1)/ 20 49 Support.com Inc./(1)/ 20 48 Shares or Security Principal Value - ---------------------------------------------------------------- StarMedia Network Inc./(1)/ 280 $ 45 Corillian Corp./(1)/ 20 40 WJ Communications Inc./(1)/ 10 38 infoUSA Inc./(1)/ 9 37 Large Scale Biology Corp./(1)/ 10 37 Millennium Cell Inc./(1)/ 10 37 Infogrames Inc./(1)/ 10 34 3 Dimensional Pharmaceuticals Inc./(1)/ 5 34 Oil States International Inc./(1)/ 5 33 Third Wave Technologies Inc./(1)/ 5 32 Aspect Communications Corp./(1)/ 17 30 IMPSAT Fiber Networks Inc./(1)/ 150 30 Inrange Technologies Corp./(1)(2)/ 5 30 GenStar Therapeutics Corp./(1)/ 10 28 Peco II Inc./(1)/ 5 24 Align Technology Inc./(1)/ 10 22 Optical Cable Corp./(1)/ 12 22 ANC Rental Corp./(1)/ 40 21 Focal Communications Corp./(1)(2)/ 70 20 FTD.COM Inc./(1)/ 5 19 Cosine Communications Inc./(1)/ 50 18 Beacon Power Corporation/(1)/ 10 15 Finova Group Inc./(1)/ 10 11 PYR Energy Corp./(1)/ 5 9 Pinnacle Holdings Inc./(1)/ 10 4 - ---------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $26,010,940) 17,722,028 - ---------------------------------------------------------------- SHORT TERM INSTRUMENTS - 9.64% - ---------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $615,436 615,436 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 309,521 309,521 Providian Temp Cash Money Market Fund/(3)/ 785,211 785,211 - ---------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $1,710,168) 1,710,168 - ----------------------------------------------------------------
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Security Principal Value - ---------------------------------------------------------------- REPURCHASE AGREEMENT - 0.04% - ---------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $6,306 and an effective yield of 2.90%. $ 6,304 $ 6,304 - ---------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $6,304) 6,304 - ---------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 109.59% (Cost $27,727,412) 19,438,500 - ---------------------------------------------------------------- Other Assets, Less Liabilities -- (9.59%) (1,701,278) - ---------------------------------------------------------------- NET ASSETS -- 100.00% $17,737,222 ================================================================
/(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 65 iShares Russell 3000 Value Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS - 99.84% - --------------------------------------------------------------- Exxon Mobil Corp. 42,916 $ 1,690,890 Citigroup Inc. 29,090 1,178,145 Verizon Communications Inc. 16,849 911,699 SBC Communications Inc. 16,265 766,407 Bank of America Corp. 9,976 582,598 BellSouth Corp. 11,665 484,681 Wells Fargo & Company 10,644 473,126 Procter & Gamble Co. 6,494 472,698 Fannie Mae 5,436 435,206 AT&T Corp. 21,967 423,963 JP Morgan Chase & Co. 12,350 421,753 Philip Morris Companies Inc. 7,879 380,477 Merck & Co. Inc. 5,425 361,305 American International Group Inc. 4,395 342,810 Chevron Corp. 4,001 339,085 International Business Machines Corp. 3,356 309,759 Morgan Stanley Dean Witter & Co. 6,543 303,268 WorldCom Inc./(1)/ 18,393 276,631 U.S. Bancorp 12,221 271,062 Wachovia Corp. 8,672 268,832 FleetBoston Financial Corp. 6,752 248,136 Walt Disney Co. (The) 13,021 242,451 Du Pont (E.I.) de Nemours 6,461 242,417 Johnson & Johnson 4,309 238,719 Bank One Corp. 7,267 228,692 Texaco Inc. 3,427 222,755 American Express Co. 7,600 220,856 McDonald's Corp. 8,003 217,201 Merrill Lynch & Co. Inc. 5,222 212,013 Washington Mutual Inc. 5,466 210,332 Liberty Media Corp. "A"/(1)/ 16,093 204,381 Motorola Inc. 12,809 199,820 Abbott Laboratories 3,853 199,778 Bristol-Myers Squibb Co. 3,526 195,905 Ford Motor Company 11,272 195,569 Dow Chemical Co. 5,599 183,423 Duke Energy Corp. 4,819 182,399 PepsiCo Inc. 3,594 174,309 Kimberly-Clark Corp. 2,766 171,492 Allstate Corp. 4,469 166,917 Minnesota Mining & Manufacturing Co. 1,645 161,868 Comcast Corp. "A"/(1)/ 4,425 158,725 Hewlett-Packard Co. 9,825 158,182 Viacom Inc. "B"/(1)/ 4,565 157,493 Alcoa Inc. 4,843 150,181 General Motors Corp. "A" 3,417 146,589 Anheuser-Busch Companies Inc. 3,135 131,294 Phillips Petroleum Co. 2,360 127,298 Emerson Electric Co. 2,661 125,227 Lucent Technologies Inc./(2)/ 21,249 121,757 HCA - The Healthcare Company 2,744 121,587 Honeywell International Inc. 4,574 120,754 Sprint Corp. (FON Group)/(2)/ 4,860 116,689 Alltel Corp. 1,944 112,655 National City Corp. 3,751 112,342 Tenet Healthcare Corp./(1)/ 1,878 112,023 Household International Inc. 1,986 111,971 General Dynamics Corp. 1,248 110,223 International Paper Co. 3,000 104,400 Waste Management Inc. 3,895 104,152 SunTrust Banks Inc. 1,545 102,897 PNC Financial Services Group 1,794 102,707 Coca-Cola Co. 2,187 102,461 Southern Co. 4,249 101,891 El Paso Corp. 2,445 101,590 Gannett Co. Inc. 1,643 98,761 Conoco Inc. "B" 3,880 98,319 Bank of New York Co. Inc. 2,788 97,580 Lockheed Martin Corp. 2,222 97,212 Goldman Sachs Group Inc. (The) 1,360 97,036 Gillette Co. 3,232 96,314 BB&T Corp. 2,641 96,264 Mellon Financial Corp. 2,964 95,826 Caterpillar Inc. 2,132 95,514 Dominion Resources Inc. 1,546 91,755 Costco Wholesale Corp./(1)/ 2,506 89,113 Exelon Corp. 1,988 88,665 United Technologies Corp. 1,897 88,211 Compaq Computer Corp. 10,589 87,995 Hartford Financial Services Group Inc. 1,482 87,053 American Electric Power Inc. 2,000 86,460 Boeing Co. 2,580 86,430 Lehman Brothers Holdings Inc. 1,501 85,332 Lilly (Eli) and Company 1,043 84,170 Equity Office Properties Trust 2,565 82,080 General Mills Inc. 1,767 80,398 Albertson's Inc. 2,517 80,242 Target Corp. 2,490 79,058 Marsh & McLennan Companies Inc. 809 78,230 Illinois Tool Works Inc. 1,442 78,027
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Qwest Communications International Inc. 4,620 $ 77,154 Williams Companies Inc. 2,797 76,358 CIGNA Corp. 920 76,314 Chubb Corp. 1,068 76,266 Hancock (John) Financial Services Inc. 1,893 75,625 ConAgra Foods Inc. 3,336 74,893 Raytheon Co. 2,152 74,782 TXU Corporation 1,595 73,880 Computer Associates International Inc. 2,844 73,205 Union Pacific Corp. 1,539 72,179 Enron Corp. 2,614 71,179 Southwest Airlines Co. 4,740 70,342 Clear Channel Communications Inc./(1)/ 1,739 69,125 Freddie Mac 1,060 68,900 FedEx Corp./(1)/ 1,853 68,098 Weyerhaeuser Co. 1,346 65,564 Burlington Northern Santa Fe Corp. 2,433 65,083 Avon Products Inc. 1,395 64,519 KeyCorp 2,636 63,633 Sears, Roebuck and Co. 1,814 62,837 Sara Lee Corp. 2,946 62,750 Comerica Inc. 1,108 61,383 AON Corp. 1,448 60,816 Xcel Energy Inc. 2,141 60,269 Becton Dickinson & Co. 1,609 59,533 Eastman Kodak Co. 1,811 58,912 FPL Group Inc. 1,092 58,477 Masco Corp. 2,856 58,377 Progress Energy Inc. 1,350 58,037 McKesson HBOC Inc. 1,528 57,743 Heinz (H.J.) Co. 1,360 57,324 Occidental Petroleum Corp. 2,321 56,493 Public Service Enterprise Group Inc. 1,291 54,932 MetLife Inc. 1,846 54,826 Deere & Co. 1,457 54,798 Air Products & Chemicals Inc. 1,414 54,552 SouthTrust Corp. 2,141 54,531 Lincoln National Corp. 1,166 54,371 May Department Stores Co. 1,855 53,832 Consolidated Edison Inc./(2)/ 1,318 53,669 St. Paul Companies Inc. 1,301 53,627 Progressive Corporation 392 52,489 Pitney Bowes Inc. 1,370 52,334 State Street Corp. 1,129 51,370 USX-Marathon Group Inc. 1,916 51,253 Northrop Grumman Corp. 507 51,207 FirstEnergy Corp. 1,391 50,006 Cox Communications Inc. "A"/(1)(2)/ 1,185 49,474 Unocal Corp. 1,511 49,108 Equity Residential Properties Trust 839 48,998 Colgate-Palmolive Co. 836 48,697 PPG Industries Inc. 1,045 47,809 Golden West Financial Corp. 796 46,248 MBIA Inc. 920 46,000 Archer-Daniels-Midland Co. 3,622 45,601 AFLAC Inc. 1,688 45,576 McGraw-Hill Companies Inc. 776 45,163 DTE Energy Co. 1,026 44,169 Reliant Energy Inc. 1,629 42,875 Entergy Corp. 1,197 42,565 Jefferson-Pilot Corp. 952 42,345 Praxair Inc. 1,007 42,294 Mattel Inc./(1)/ 2,676 41,906 CSX Corp. 1,325 41,737 AmSouth Bancorp 2,300 41,561 Delphi Automotive Systems Corp. 3,499 41,113 Regions Financial Corp. 1,413 40,779 Georgia-Pacific Corp. 1,413 40,680 Fifth Third Bancorp 657 40,392 Loews Corp. 861 39,847 Clorox Co. 1,072 39,664 Healthsouth Corp./(1)/ 2,430 39,512 Charter One Financial Inc. 1,393 39,320 Norfolk Southern Corp. 2,389 38,511 M&T Bank Corp. 519 38,406 MGIC Investment Corp. 585 38,224 New York Times Co. "A" 979 38,210 Marshall & Ilsley Corp. 663 37,585 Tribune Co. 1,178 36,989 Franklin Resources Inc. 1,064 36,889 PG&E Corp. 2,404 36,541 Union Planters Corp. 851 36,508 Agilent Technologies Inc./(1)/ 1,861 36,383 Tricon Global Restaurants Inc./(1)/ 912 35,769 Newell Rubbermaid Inc./(2)/ 1,575 35,768 Penney (J.C.) Company Inc. 1,633 35,763 Johnson Controls Inc. 539 35,164 Dover Corp. 1,167 35,138 Cincinnati Financial Corp. 839 34,919 R.J. Reynolds Tobacco Holdings Inc. 607 34,684
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Wellpoint Health Networks Inc./(1)/ 316 $ 34,491 Xerox Corp. 4,445 34,449 Genuine Parts Co. 1,068 34,026 Apple Computer Inc./(1)/ 2,177 33,765 Kerr-McGee Corp. 648 33,638 UNUMProvident Corp. 1,331 33,608 Marriott International Inc. "A" 1,004 33,534 National Commerce Financial Corp. 1,278 33,356 Ingersoll-Rand Co. 985 33,293 Boston Scientific Corp./(1)/ 1,624 33,292 Computer Sciences Corp./(1)/ 995 33,004 Ameren Corp./(2)/ 852 32,717 Micron Technology Inc./(1)/ 1,734 32,651 Countrywide Credit Industries Inc. 735 32,289 Northern Trust Corp. 610 32,013 Fortune Brands Inc. 949 31,791 Federated Department Stores Inc./(1)/ 1,125 31,725 Sempra Energy 1,279 31,655 Rohm & Haas Co. "A" 965 31,613 Hershey Foods Corp. 483 31,574 Ambac Financial Group Inc. 563 30,802 Zions Bancorp 572 30,694 Cendant Corp./(1)(2)/ 2,385 30,528 Cinergy Corp. 987 30,469 Torchmark Corp. 779 30,381 General Motors Corp. "H"/(1)/ 2,245 29,926 North Fork Bancorp 1,005 29,889 NiSource Inc. 1,282 29,883 PPL Corp. 906 29,536 First Tennessee National Corp. 797 29,489 Corning Inc. 3,343 29,485 CenturyTel Inc. 875 29,312 Wrigley (William Jr.) Co. 565 28,985 Sysco Corp. 1,132 28,911 UnitedHealth Group Inc. 431 28,662 KeySpan Corp. 862 28,653 Allegheny Energy Inc. 774 28,406 GPU Inc. 701 28,292 Ralston Purina Group 851 27,913 Amerada Hess Corp. 429 27,241 Starwood Hotels & Resorts Worldwide Inc. 1,234 27,148 Huntington Bancshares Inc. 1,559 26,986 Kellogg Co. 888 26,640 Edison International 2,023 26,623 Burlington Resources Inc. 777 26,581 Popular Inc. 845 26,364 Bear Stearns Companies Inc. 525 26,255 Willamette Industries Inc. 574 25,824 Aetna Inc./(1)/ 888 25,654 Stilwell Financial Inc. 1,291 25,175 Office Depot Inc./(1)/ 1,848 25,133 Textron Inc. 745 25,039 Parker Hannifin Corp. 725 24,867 Block (H & R) Inc. 644 24,833 Devon Energy Corp./(2)/ 721 24,802 Constellation Energy Group Inc. 1,017 24,611 Apache Corp. 570 24,510 JDS Uniphase Corp./(1)/ 3,871 24,465 SAFECO Corp. 793 24,052 Leggett & Platt Inc. 1,218 23,751 TECO Energy Inc. 842 22,818 Cooper Industries Inc. 543 22,518 TCF Financial Corp. 488 22,477 Vulcan Materials Co. 520 22,464 Cablevision Systems Corp./(1)/ 545 22,312 Broadwing Inc./(1)/ 1,354 21,772 Ultramar Diamond Shamrock Corp. 453 21,717 ITT Industries Inc. 480 21,504 Kmart Corp./(1)/ 3,043 21,271 Sigma-Aldrich Corp. 470 21,244 Simon Property Group Inc. 786 21,151 Toys R Us Inc./(1)/ 1,227 21,141 Campbell Soup Co. 755 21,140 Dime Bancorp Inc. 532 20,918 Pinnacle West Capital Corp. 526 20,882 Compass Bancshares Inc. 795 20,694 Servicemaster Co. 1,860 20,627 Nike Inc. "B" 440 20,596 Thermo Electron Corp./(1)/ 1,125 20,306 Limited Inc. 2,121 20,149 Delta Air Lines Inc. 764 20,131 Utilicorp United Inc. 715 20,027 Archstone Communities Trust/(2)/ 748 19,523 PACCAR Inc. 395 19,383 TRW Inc. 650 19,383 Old Republic International Corp. 736 19,291 Whirlpool Corp. 348 19,262 Radian Group Inc. 499 19,212 American Water Works Inc. 484 19,118 DPL Inc. 786 19,116
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Nucor Corp. 481 $ 19,096 Banknorth Group Inc. 855 19,084 T Rowe Price Group Inc. 651 19,074 Duke-Weeks Realty Corp. 800 18,952 Fluor Corp. 492 18,942 Engelhard Corp. 812 18,757 Public Storage Inc. 561 18,737 Greenpoint Financial Corp. 530 18,603 UST Inc. 558 18,526 Apartment Investment & Management Co. "A" 408 18,466 Harrah's Entertainment Inc./(1)/ 681 18,394 Stanley Works (The) 503 18,385 AMR Corp./(1)/ 954 18,260 Donnelley (R.R.) & Sons Co. 675 18,259 Sherwin-Williams Co. 818 18,176 Grainger (W.W.) Inc. 467 18,143 AvalonBay Communities Inc. 377 18,002 Manor Care Inc./(1)/ 639 17,956 Health Management Associates Inc. "A"/(1)/ 852 17,688 Mercantile Bankshares Corp. 442 17,547 Molex Inc. 623 17,513 Kinder Morgan Inc. 354 17,420 Edwards (A.G.) Inc. 496 17,415 Eastman Chemical Co. 478 17,351 Sunoco Inc. 484 17,230 PMI Group Inc. (The) 275 17,157 Republic Services Inc. "A"/(1)/ 1,059 17,156 Darden Restaurants Inc. 649 17,036 Mead Corp. 615 17,023 Diebold Inc. 444 16,916 Astoria Financial Corp. 285 16,889 Boston Properties Inc. 439 16,739 Ashland Inc. 433 16,692 Kimco Realty Corp. 343 16,653 Electronic Data Systems Corp. 287 16,525 Northeast Utilities 882 16,520 SCANA Corp. 650 16,497 Vornado Realty Trust 413 16,396 Mirant Corp./(1)/ 748 16,381 CMS Energy Corp. 816 16,320 Prologis Trust 770 16,247 Hilton Hotels Corp. 2,057 16,147 Unisys Corp./(1)/ 1,860 16,108 VF Corp. 550 16,099 Hibernia Corp. "A" 982 16,056 AmerisourceBergen Corp./(1)(2)/ 226 16,035 Avery Dennison Corp. 337 15,943 LSI Logic Corp./(1)/ 1,353 15,898 United Parcel Service Inc. 305 15,854 SUPERVALU Inc. 782 15,820 Legg Mason Inc. 397 15,785 National Semiconductor Corp./(1)/ 715 15,766 Niagara Mohawk Holdings Inc./(1)/ 929 15,765 Cabot Corp. 395 15,760 Goodyear Tire & Rubber Co. 854 15,739 Fidelity National Financial Inc. 583 15,677 Wisconsin Energy Corp. 693 15,593 Baxter International Inc. 283 15,579 AutoZone Inc./(1)/ 299 15,506 Alliant Energy Corp. 490 15,337 Knight Ridder Inc. 273 15,247 Mylan Laboratories Inc. 465 15,168 Coca-Cola Enterprises Inc. 988 15,156 Wendy's International Inc. 568 15,137 SPX Corp./(1)(2)/ 182 15,088 Bard (C.R.) Inc. 293 15,063 Hillenbrand Industries Inc. 279 15,058 Eaton Corp. 252 14,921 Brown-Forman Corp. "B" 235 14,847 Deluxe Corp. 428 14,783 Commerce Bancshares Inc. 390 14,672 Allmerica Financial Corp. 327 14,666 Ross Stores Inc. 500 14,625 Circuit City Stores Inc. 1,215 14,580 NCR Corp./(1)/ 491 14,558 Sovereign Bancorp Inc. 1,532 14,554 Energy East Corp. 723 14,540 Valley National Bancorp 485 14,429 Dana Corp. 918 14,321 Newmont Mining Corp. 605 14,278 Pactiv Corp./(1)/ 985 14,273 Heller Financial Inc. "A" 270 14,248 Rockwell International Corp. 967 14,196 Smurfit-Stone Container Corp./(1)/ 1,068 14,130 AutoNation Inc./(1)/ 1,605 14,108 Dun & Bradstreet Corp./(1)/ 498 13,944 Associated Bancorp 411 13,929 Sonoco Products Co. 591 13,889 Trigon Healthcare Inc./(1)/ 212 13,886 Smithfield Foods Inc./(1)/ 658 13,851
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- NSTAR 329 $ 13,785 Westvaco Corp. 536 13,775 Temple-Inland Inc. 290 13,772 Potomac Electric Power Co. 627 13,769 Golden State Bancorp Inc. 451 13,710 Vishay Intertechnology Inc./(1)/ 745 13,708 IBP Inc. 578 13,670 McCormick & Co. Inc. 297 13,603 International Flavors & Fragrances Inc. 491 13,596 First Virginia Banks Inc. 296 13,557 Telephone & Data Systems Inc. 143 13,485 Phelps Dodge Corp. 488 13,420 iStar Financial Inc. 542 13,387 Valero Energy Corp. 380 13,338 Avnet Inc. 729 13,260 Conseco Inc./(1)(2)/ 1,806 13,112 ALLETE 510 13,076 Liberty Property Trust 452 12,968 Pall Corp. 665 12,934 Conectiv Inc. 550 12,925 Bowater Inc. 293 12,898 Gemstar-TV Guide International Inc./(1)/ 653 12,871 Arrow Electronics Inc./(1)(2)/ 613 12,787 Humana Inc./(1)/ 1,055 12,723 Centex Corp. 373 12,581 Venator Group Inc./(1)/ 819 12,490 Hasbro Inc./(2)/ 888 12,432 Fox Entertainment Group Inc. "A"/(1)/ 649 12,396 Manpower Inc. 470 12,375 Health Care Property Investors Inc. 320 12,304 Bemis Co. 308 12,274 Liz Claiborne Inc. 325 12,252 Equitable Resources Inc. 405 12,154 Park Place Entertainment Corp./(1)/ 1,657 12,146 Black & Decker Corp. 385 12,012 Martin Marietta Materials Inc. 303 11,850 American Power Conversion Corp./(1)/ 1,013 11,832 Crescent Real Estate Equities Co. 550 11,797 Brinker International Inc./(1)/ 499 11,786 Zimmer Holdings Inc./(1)/ 423 11,738 Intuit Inc./(1)/ 326 11,671 Pacific Century Financial Corp. 496 11,592 ADC Telecommunications Inc./(1)/ 3,321 11,590 Triad Hospitals Inc./(1)/ 327 11,576 Lennar Corp. 321 11,569 Goodrich (B.F.) Co. 592 11,532 Ceridian Corp./(1)/ 794 11,513 Scripps (E.W.) Company 189 11,512 Puget Energy Inc. 535 11,497 FirstMerit Corp. 488 11,453 Washington Post Company (The) "B" 22 11,436 Fulton Financial Corp. 511 11,421 Protective Life Corp. 390 11,310 General Growth Properties Inc. 325 11,300 National Fuel Gas Co. 490 11,285 UnionBanCal Corporation 329 11,133 Unitrin Inc. 289 11,046 Rockwell Collins 777 11,033 Lamar Advertising Co./(1)/ 361 10,946 Hormel Foods Corp. 463 10,936 Transatlantic Holdings Inc. 129 10,895 NICOR Inc. 281 10,889 Noble Affiliates Inc. 351 10,877 CarrAmerica Realty Corp. 363 10,875 BancWest Corporation 311 10,863 Health Net Inc./(1)/ 564 10,840 Readers Digest Association Inc. (The) "A" 585 10,758 Service Corp. International/(1)/ 1,784 10,740 Harris Corp. 337 10,723 AMB Property Corp. 435 10,657 Roslyn Bancorp Inc. 571 10,569 OGE Energy Corp./(2)/ 483 10,563 Valassis Communications Inc./(1)/ 331 10,562 Navistar International Corp./(1)/ 368 10,396 Visteon Corp. 813 10,366 Ball Corp. 171 10,243 Sky Financial Group Inc. 514 10,229 Catellus Development Corp./(1)/ 585 10,226 Dean Foods Co. 221 10,221 City National Corp. 236 10,183 Apogent Technologies Inc./(1)/ 426 10,181 MONY Group Inc. 307 10,168 Newport News Shipbuilding Inc. 150 10,080 Valspar Corp. 301 10,065 Webster Financial Corp. 305 10,053 Lear Corp./(1)/ 372 10,051 Kansas City Power & Light Co. 384 10,019 Lubrizol Corp. 317 10,017 Georgia-Pacific (Timber Group) 275 9,960 Host Marriott Corp. 1,412 9,955
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- MDU Resources Group Inc. 421 $ 9,839 Wilmington Trust Corp. 178 9,826 Tech Data Corp./(1)/ 256 9,702 Outback Steakhouse Inc./(1)/ 378 9,681 Tektronix Inc./(1)/ 552 9,654 Old National Bancorp 371 9,646 Omnicare Inc. 441 9,627 Synovus Financial Corp. 347 9,577 CVS Corp. 288 9,562 Autoliv Inc. 607 9,554 Westwood One Inc./(1)/ 429 9,545 Borders Group Inc./(1)/ 496 9,498 Coventry Health Care Inc./(1)/ 402 9,487 Questar Corp. 470 9,485 Adelphia Communications Corp. "A"/(1)(2)/ 427 9,479 Energizer Holdings Inc./(1)/ 569 9,457 Vectren Corporation 420 9,404 Bausch & Lomb Inc. 332 9,396 Hospitality Properties Trust 390 9,391 Nordstrom Inc. 649 9,378 AmerUs Group Co. 266 9,363 StanCorp Financial Group Inc. 193 9,341 Staples Inc./(1)/ 697 9,284 New Plan Excel Realty Trust 541 9,251 Citizens Banking Corp. 288 9,239 Autodesk Inc. 287 9,201 Arden Realty Inc. 359 9,180 Sierra Pacific Resources Corp. 607 9,166 Commerce Bancorp Inc. 134 9,112 Applera Corp. - Celera Genomics Group/(1)/ 378 9,110 Sensormatic Electronics Corp./(1)/ 386 9,102 Mohawk Industries Inc./(1)/ 246 9,040 United Dominion Realty Trust 629 8,982 Washington Federal Inc. 358 8,968 Brunswick Corp. 544 8,960 KEMET Corp./(1)/ 544 8,954 Colonial BancGroup Inc. 697 8,922 Post Properties Inc. 240 8,899 Barnes & Noble Inc./(1)(2)/ 246 8,881 Alberto-Culver Co. "B"/(2)/ 228 8,867 Pulte Corp. 289 8,858 Boise Cascade Corp. 300 8,850 IndyMac Bancorp Inc./(1)/ 326 8,838 Peoples Energy Corp. 219 8,707 Pioneer Natural Resources Co./(1)/ 610 8,680 Rouse Co. 358 8,653 Solectron Corp./(1)(2)/ 741 8,633 BRE Properties Inc. "A" 288 8,626 Cullen/Frost Bankers Inc. 320 8,624 GATX Corporation 255 8,578 Hubbell Inc. "B" 294 8,573 Citizen Communications Co./(1)(2)/ 910 8,554 Suiza Foods Corp./(1)/ 135 8,524 Charter Communications Inc./(1)(2)/ 687 8,505 Quantum DLT & Storage Group/(1)/ 1,040 8,486 First American Corp. 418 8,464 Weingarten Realty Investors 174 8,456 Atmel Corp./(1)/ 1,260 8,417 Markel Corp./(1)/ 43 8,385 Viad Corp. 436 8,362 Plum Creek Timber Co. Inc./(2)/ 313 8,360 Pentair Inc. 271 8,339 MGM Grand Inc./(1)(2)/ 370 8,318 IDACorp Inc. 232 8,296 RGS Energy Group Inc. 214 8,282 Security Capital Group "B"/(1)/ 442 8,270 Highwoods Properties Inc. 334 8,266 Mack-Cali Realty Corp. 266 8,246 HCC Insurance Holdings Inc. 312 8,206 Camden Property Trust 221 8,199 Helmerich & Payne Inc. 314 8,195 Reynolds & Reynolds Co. "A" 351 8,178 Compuware Corp./(1)/ 978 8,147 OM Group Inc. 148 8,140 Constellation Brands Inc./(1)/ 195 8,124 Galileo International Inc. 390 8,096 HON Industries Inc. 368 8,081 Novell Inc./(1)/ 2,208 8,081 Hawaiian Electric Industries Inc. 207 8,073 Independence Community Bank Corp. 369 8,018 Snap-On Inc. 359 8,016 American Tower Corp./(1)(2)/ 577 8,015 WGL Holdings Inc. 298 8,013 Bancorp South Inc. 518 7,977 SCI Systems Inc./(1)/ 443 7,974 Homestake Mining Company 855 7,951 Monsanto Company 235 7,927 Teleflex Inc. 209 7,815 PepsiAmericas Inc. 521 7,789 Commercial Federal Corp. 318 7,718
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- USX-U.S. Steel Group Inc. 551 $ 7,703 Meredith Corp. 239 7,679 First Midwest Bancorp Inc. 227 7,668 Belo (A.H.) Corp. 477 7,651 CBRL Group Inc. 348 7,646 Lyondell Chemical Co. 660 7,557 Payless Shoesource Inc./(1)(2)/ 137 7,508 Jacobs Engineering Group Inc./(1)/ 119 7,426 Clayton Homes Inc. 607 7,405 Openwave Systems Inc./(1)/ 578 7,369 Conexant Systems Inc./(1)/ 886 7,354 First Industrial Realty Trust 245 7,350 Andrew Corp./(1)/ 400 7,272 Western Resources Inc. 437 7,232 D.R. Horton Inc. 346 7,218 Tyson Foods Inc. "A"/(2)/ 713 7,144 Henry Schein Inc./(1)/ 183 7,064 Precision Castparts Corp. 318 7,060 Crane Co. 322 7,058 Ocean Energy Inc. 432 7,042 Whitney Holding Corp. 163 7,009 Rite Aid Corp./(1)(2)/ 907 7,002 FMC Corp./(1)/ 142 6,957 Dow Jones & Co. Inc./(2)/ 153 6,951 CNF Transportation Inc./(2)/ 303 6,917 Leucadia National Corp. 221 6,895 IKON Office Solutions Inc. 892 6,886 Harsco Corp. 247 6,857 York International Corp. 238 6,816 Rayonier Inc. 168 6,799 Allied Capital Corp. 298 6,779 Cummins Engine Company Inc. 204 6,732 AGL Resources Inc. 337 6,730 Massey Energy Co. 458 6,710 DQE Inc. 347 6,676 Ryder System Inc. 331 6,617 HRPT Properties Trust 811 6,602 BorgWarner Inc. 163 6,569 Six Flags Inc./(1)/ 535 6,543 Reebok International Ltd./(1)/ 312 6,458 Trustmark Corp. 288 6,445 Lafarge Corp. 192 6,413 Healthcare Realty Trust 251 6,400 KB HOME 225 6,392 BMC Software Inc./(1)/ 501 6,363 Edwards Lifesciences Corp./(1)/ 284 6,362 Coors (Adolf) Company "B" 141 6,345 ICN Pharmaceuticals Inc. 240 6,324 Mercury General Corp. 159 6,312 Thomas & Betts Corp. 361 6,310 Corn Products International Inc. 219 6,292 Hudson City Bancorp Inc. 261 6,238 Allegheny Technologies Inc. 464 6,185 Mandalay Resort Group Inc./(1)/ 381 6,184 Universal Health Services Inc. "B"/(1)/ 126 6,149 Public Service Company of New Mexico 242 6,101 Allied Waste Industries Inc./(1)/ 478 6,094 Furniture Brands International Inc./(1)/ 312 6,078 Kennametal Inc. 190 6,065 IMC Global Inc. 672 6,048 Polo Ralph Lauren Corp./(1)/ 322 6,038 USA Networks Inc./(1)/ 335 6,023 Beverly Enterprises Inc./(1)/ 589 6,008 UAL Corp. 329 6,008 McClatchy Co. (The) "A" 141 5,922 Commerce Group Inc. 155 5,890 Alexander & Baldwin Inc. 251 5,876 Crown Castle International Corp./(1)/ 650 5,850 ArvinMeritor Inc. 409 5,845 Piedmont Natural Gas Co. 187 5,823 American Financial Group Inc. 262 5,816 Pittston Brink's Group 321 5,810 Berkley (W.R.) Corp. 121 5,808 Cytec Industries Inc./(1)/ 250 5,787 Raymond James Financial Inc. 213 5,783 Alleghany Corp./(1)/ 29 5,771 Dole Food Co. 269 5,757 Steelcase Inc. 457 5,744 Gateway Inc./(1)/ 1,051 5,728 RPM Inc. 597 5,642 WPS Resources Corp./(2)/ 164 5,642 Nationwide Health Properties Inc. 287 5,640 Entercom Communications Corp./(1)/ 165 5,610 Prentiss Properties Trust 204 5,610 Extended Stay America Inc./(1)/ 387 5,600 Shurgard Storage Centers Inc. "A" 185 5,576 Silicon Valley Bancshares/(1)/ 276 5,575 Great Lakes Chemical Corp. 252 5,569 Nationwide Financial Services Inc. 149 5,540 Cooper Tire & Rubber Co. 389 5,539
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Developers Diversified Realty Corp. 308 $ 5,529 Hercules Inc./(1)/ 670 5,527 Harman International Industries Inc. 164 5,494 Pennzoil-Quaker State Co. 490 5,478 ONEOK Inc. 329 5,448 Big Lots Inc. 657 5,447 Louis Dreyfus Natural Gas Corp./(1)/ 140 5,446 Ingram Micro Inc. "A"/(1)/ 422 5,444 E*trade Group Inc./(1)(2)/ 897 5,427 Atmos Energy Corp. 251 5,422 Susquehanna Bancshares Inc. 243 5,407 Cleco Corp. 261 5,379 Neiman-Marcus Group Inc. "A"/(1)/ 220 5,379 Zale Corp./(1)/ 203 5,375 Alfa Corp. 243 5,365 Winn-Dixie Stores Inc. 467 5,347 Harte-Hanks Inc. 247 5,345 Downey Financial Corp. 121 5,340 Ethan Allen Interiors Inc. 193 5,307 Realty Income Corp. 183 5,307 American Greetings Corp. "A"/(2)/ 400 5,296 United Stationers Inc./(1)/ 177 5,287 National Service Industries Inc. 255 5,266 Reckson Associates Realty Corp./(2)/ 218 5,265 Quintiles Transnational Corp./(1)/ 360 5,256 Reliant Resources Inc./(1)/ 322 5,216 Cabot Industrial Trust 252 5,166 Mueller Industries Inc./(1)/ 180 5,166 AptarGroup Inc. 162 5,152 EOG Resources Inc. 178 5,150 Longs Drug Stores Corp. 189 5,141 Sl Green Realty Corp./(2)/ 163 5,138 Trinity Industries Inc. 237 5,131 American National Insurance Co. 63 5,103 Storage Technology Corp./(1)/ 406 5,095 US Freightways Corp. 163 5,086 Dillards Inc. "A" 386 5,084 3Com Corp./(1)/ 1,354 5,077 Enterasys Networks Inc./(1)/ 787 5,076 Pogo Producing Co. 216 5,076 Continental Airlines Inc. "B"/(1)(2)/ 338 5,070 Pediatrix Medical Group Inc./(1)/ 124 5,058 AK Steel Holding Corp. 592 5,002 Philadelphia Suburban Corp. 190 4,989 Jones Apparel Group Inc./(1)/ 195 4,971 American Capital Strategies Ltd. 180 4,930 WorldCom Inc. - MCI Group/(2)/ 323 4,919 Worthington Industries Inc. 436 4,905 Health Care REIT Inc. 194 4,889 Alliant Techsystems Inc./(1)/ 57 4,879 Crompton Corp. 702 4,865 New Jersey Resources Corp. 110 4,863 AVX Corp./(2)/ 297 4,832 Tidewater Inc. 181 4,831 Advanced Micro Devices Inc./(1)/ 589 4,800 Airgas Inc./(1)/ 361 4,790 Erie Indemnity Co. "A" 120 4,746 Arbitron Inc./(1)/ 181 4,735 Centerpoint Properties Corp. 99 4,727 Potlatch Corp. 175 4,723 St. Joe Company (The) 182 4,705 Moody's Corp. 127 4,699 Interpublic Group of Companies Inc. 230 4,692 Cablevision Systems Corporation - Rainbow Media Group/(1)/ 231 4,678 Electronics For Imaging Inc./(1)/ 287 4,672 Minerals Technologies Inc. 123 4,642 Neuberger Berman Inc. 133 4,639 Community First Bankshares Inc. 193 4,636 Gables Residential Trust 151 4,630 Provident Financial Group Inc. 183 4,621 La-Z-Boy Inc. 291 4,595 Interstate Bakeries Corp. 180 4,590 Radio One Inc. "D"/(1)/ 397 4,581 Dial Corp. 276 4,568 Weatherford International Inc./(1)/ 179 4,566 Ohio Casualty Corp. 351 4,559 Black Hills Corp. 148 4,517 Network Associates Inc./(1)(2)/ 350 4,511 Universal Corporation 135 4,505 First Commonwealth Financial Corp. 361 4,494 Imation Corp./(1)/ 213 4,452 Federal Realty Investment Trust 202 4,444 Sensient Technologies Corp. 238 4,434 Horace Mann Educators Corp. 251 4,430 Idex Corp. 160 4,424 Pier 1 Imports Inc. 532 4,416 Solutia Inc. 354 4,390 International Speedway Corp. "A" 126 4,389 Adaptec Inc./(1)/ 558 4,386
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- American Financial Holdings Inc. 178 $ 4,370 US Oncology Inc./(1)/ 586 4,366 Staten Island Bancorp Inc. 177 4,363 Insight Communications Co. Inc./(1)/ 237 4,361 Jeffries Group Inc. 132 4,356 Southern Union Co./(1)/ 208 4,353 Kansas City Southern Industries Inc./(1)/ 362 4,344 Harleysville Group Inc. 181 4,342 Packaging Corporation of America/(1)/ 281 4,341 Sybron Dental Specialties Inc./(1)/ 233 4,334 Wisconsin Central Transportation Corp./(1)/ 253 4,321 Macerich Co. (The) 195 4,309 Fleming Companies Inc./(2)/ 146 4,307 Toll Brothers Inc./(1)/ 145 4,302 Acxiom Corp./(1)/ 457 4,296 Tecumseh Products Co. "A" 94 4,280 Republic Bancorp Inc. 299 4,279 El Paso Electric Co./(1)/ 325 4,274 CH Energy Group Inc. 105 4,263 Modine Manufacturing Co. 173 4,252 Banta Corp. 152 4,236 Hispanic Broadcasting Corp./(1)/ 263 4,234 Dentsply International Inc. 92 4,226 Louisiana-Pacific Corp. 648 4,212 Timken Co. 307 4,206 Coherent Inc./(1)/ 148 4,203 UMB Financial Corp. 101 4,192 South Financial Group Inc. (The) 264 4,182 Liberty Corp. 105 4,174 Cypress Semiconductor Corp./(1)/ 280 4,161 Danaher Corp./(2)/ 88 4,152 Callaway Golf Co. 324 4,147 Kilroy Realty Corp. 166 4,142 United Bancshares Inc. 153 4,131 Millennium Chemicals Inc. 393 4,123 Carlisle Companies Inc. 147 4,120 LNR Property Corp. 137 4,103 Summit Properties Inc. 155 4,069 PSS World Medical Inc./(1)/ 426 4,064 Texas Industries Inc. 131 4,048 Lancaster Colony Corp. 143 4,005 Annaly Mortgage Management Inc. 277 4,003 PolyOne Corp. 512 3,994 Avista Corp. 293 3,985 Fuller (H. B.) Co. 87 3,985 CNA Financial Corp./(1)(2)/ 147 3,975 Anixter International Inc./(1)(2)/ 160 3,965 Chemical Financial Corp. 146 3,964 Southwest Gas Corp. 187 3,964 Ryland Group Inc. 83 3,958 F.N.B. Corp. 151 3,949 ADVO Inc./(1)/ 116 3,944 AMCORE Financial Inc. 173 3,931 UIL Holdings Corporation 82 3,911 Maytag Corp. 158 3,893 Westamerica Bancorp 108 3,893 International Bancshares Corp. 101 3,889 Bob Evans Farms Inc. 215 3,887 Level 3 Communications Inc./(1)(2)/ 1,024 3,871 Saks Inc./(1)/ 772 3,860 Wallace Computer Services Inc. 242 3,848 Selective Insurance Group Inc. 164 3,826 Pan Pacific Retail Properties Inc. 145 3,821 UTStarcom Inc./(1)/ 235 3,819 WebMD Corp./(1)/ 889 3,787 Advanced Fibre Communications Inc./(1)/ 258 3,769 Storage USA Inc. 95 3,762 Seacor Smit Inc./(1)/ 105 3,749 Pride International Inc./(1)(2)/ 359 3,734 Iron Mountain Inc./(1)/ 90 3,730 Stewart Enterprises Inc. "A"/(1)/ 643 3,729 Overseas Shipholding Group Inc. 169 3,718 Beckman Coulter Inc. 84 3,717 Ralcorp Holdings Inc./(1)/ 191 3,717 Regency Centers Corp. 144 3,708 People's Bank 167 3,707 Northwest Natural Gas Co. 158 3,696 Wolverine World Wide Inc. 275 3,696 LandAmerica Financial Group Inc. 111 3,691 Reinsurance Group of America Inc. 108 3,684 Energen Corp. 163 3,667 Pathmark Stores Inc./(1)/ 154 3,665 21st Century Insurance Group 208 3,661 Owens-Illinois Inc./(1)/ 901 3,631 Flowers Foods Inc./(1)/ 100 3,625 Dynegy Inc. "A" 104 3,604 Blockbuster Inc. 164 3,592 Ryan's Family Steak Houses Inc./(1)/ 209 3,578 EarthLink Inc./(1)/ 234 3,564 First Financial Bancorp 228 3,536
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Fisher Scientific International Inc./(1)/ 139 $ 3,531 Oshkosh Truck Corp. 97 3,513 Sun Communities Inc. 95 3,482 Brandywine Realty Trust 162 3,455 First Charter Corp. 211 3,450 Hughes Supply Inc. 154 3,434 G&K Services Inc. "A" 129 3,425 Media General Inc. "A" 79 3,425 Reliance Steel & Aluminum Co. 144 3,421 UGI Corp. 126 3,415 Vector Group Ltd. 80 3,411 Cell Genesys Inc./(1)(2)/ 213 3,408 Blyth Inc. 171 3,401 La Quinta Properties Inc./(1)/ 773 3,401 Provident Bankshares Corp. 163 3,374 Williams Communications Group Inc./(1)/ 2,854 3,368 Regis Corp. 160 3,354 NorthWestern Corp. 152 3,344 Granite Construction Inc. 130 3,333 United Rentals Inc./(1)/ 192 3,329 CBL & Associates Properties Inc. 122 3,324 Grant Prideco Inc./(1)/ 545 3,319 National Data Corp. 92 3,312 Claire's Stores Inc. 261 3,302 Longview Fibre Co. 326 3,293 USEC Inc. 512 3,292 Home Properties of NY Inc. 104 3,291 Wausau-Mosinee Paper Corp. 281 3,288 Toro Co. 78 3,284 Alaska Air Group Inc./(1)/ 164 3,275 NTL Inc./(1)(2)/ 1,055 3,270 Capitol Federal Financial 171 3,268 Michaels Stores Inc./(1)/ 89 3,252 Kaydon Corp. 155 3,244 Essex Property Trust Inc. 66 3,241 UICI/(1)/ 237 3,230 Diamond Offshore Drilling Inc./(2)/ 127 3,203 Yellow Corporation/(1)/ 157 3,193 Pep Boys-Manny Moe & Jack Inc. 288 3,182 Scholastic Corp./(1)/ 73 3,176 Florida East Coast Industries Inc. 144 3,168 United States Cellular Corp./(1)(2)/ 64 3,168 First Citizens Bancshares Inc. "A" 38 3,161 Standard-Pacific Corp. 162 3,161 Briggs & Stratton Corp. 101 3,152 Estee Lauder Companies Inc. "A" 95 3,149 Cornerstone Realty Income Trust 294 3,146 Maxtor Corp./(1)/ 878 3,134 Laclede Gas Co. 130 3,120 Donaldson Co. Inc. 108 3,113 Arch Chemicals Inc. 137 3,110 Terex Corp./(1)/ 174 3,099 MAF Bancorp Inc. 108 3,095 Airborne Inc. 323 3,085 Werner Enterprises Inc. 184 3,076 DaVita Inc./(1)/ 151 3,073 Forest City Enterprises Inc. "A" 64 3,072 Albemarle Corp. 162 3,062 Casey's General Store Inc. 256 3,044 Colonial Properties Trust 103 3,044 Cable Design Technologies Corp./(1)/ 256 3,034 Collins & Aikman Corp./(1)/ 493 3,032 Vesta Insurance Group 231 3,026 Interlogix Inc./(1)/ 125 3,025 Charter Municipal Mortgage Acceptance Corp. 189 3,018 St. Jude Medical Inc./(1)/ 44 3,012 Otter Tail Power Co. 106 3,005 Tucker Anthony Sutro Corporation 126 3,004 M.D.C. Holdings Inc. 108 2,994 FirstFed Financial Corp./(1)/ 115 2,990 Agere Systems Inc./(1)/ 723 2,986 PanAmSat Corp./(1)/ 128 2,985 Liberty Financial Companies Inc. 94 2,984 Aztar Corp./(1)/ 228 2,982 Interactive Data Corp. 227 2,974 Vignette Corp./(1)/ 839 2,970 CLARCOR Inc. 122 2,916 Kellwood Co. 157 2,904 Greater Bay Bancorp 123 2,862 Charming Shoppes Inc./(1)/ 582 2,858 Waypoint Financial Corp. 216 2,858 Kimball International Inc. "B" 216 2,843 Ruddick Corp. 184 2,815 Noble Drilling Corp./(1)/ 117 2,808 AnnTaylor Stores Corp./(1)/ 128 2,806 Harbor Florida Bancshares Inc. 157 2,806 Hutchinson Technology Inc./(1)/ 157 2,795 Jones Lang LaSalle Inc./(1)/ 204 2,795 Chesapeake Corp. 108 2,792 Koger Equity Inc. 161 2,785
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 75 iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- New York Community Bancorp 120 $ 2,785 Integra Bank Corp. 121 2,783 Belden Inc. 148 2,782 Carpenter Technology Corp. 124 2,759 Harland (John H.) Co. 126 2,759 KPMG Consulting Inc./(1)/ 255 2,757 IHOP Corp./(1)/ 105 2,751 Vintage Petroleum Inc. 173 2,742 Church & Dwight Co. Inc. 106 2,740 S&T Bancorp Inc. 117 2,738 Lennox International Inc. 294 2,734 WesBanco Inc. 127 2,731 Liberate Technologies Inc./(1)/ 274 2,729 Thornbury Mortgage Inc. 164 2,717 Arnold Industries Inc. 131 2,712 Ferro Corp. 117 2,712 Gaylord Entertainment Co. "A"/(1)/ 134 2,693 Tupperware Corp. 135 2,692 ENSCO International Inc. 184 2,690 FelCor Lodging Trust Inc. 200 2,690 Lincoln Electric Holding Inc. 122 2,686 Terayon Communications Systems Inc./(1)/ 375 2,674 Pepsi Bottling Group Inc. 58 2,672 Presidential Life Corp. 147 2,672 Mid-State Bancshares 156 2,663 Prime Hospitality Corp./(1)/ 302 2,658 Hollinger International Inc. 252 2,646 UniSource Energy Corp. 189 2,646 Zoran Corp./(1)/ 108 2,615 Wesco Financial Corp. 9 2,611 Delphi Financial Group Inc. "A" 77 2,603 JLG Industries Inc. 284 2,601 Paxar Corp./(1)/ 204 2,601 Bay View Capital Corp./(1)/ 371 2,597 Emmis Communications Corp./(1)/ 180 2,596 Empire District Electric Co. (The) 126 2,589 Kirby Corp./(1)/ 115 2,587 McLeodUSA Inc. "A"/(1)/ 3,348 2,578 Beazer Homes USA Inc./(1)/ 53 2,576 Journal Register Co./(1)/ 156 2,574 Alamosa Holdings Inc./(1)/ 185 2,562 Medicis Pharmaceutical Corp. "A"/(1)/ 51 2,549 UCAR International Inc./(1)/ 285 2,537 Tesoro Petroleum Corp./(1)/ 213 2,535 AGCO Corp. 280 2,534 Ionics Inc./(1)/ 114 2,521 Petsmart Inc./(1)/ 358 2,520 California Water Service Group 93 2,511 Glenborough Realty Trust Inc. 135 2,503 JDN Realty Corp. 235 2,491 Schweitzer-Mauduit International Inc. 105 2,491 Superior Industries International Inc. 75 2,491 Trust Company of New Jersey (The) 99 2,485 NetIQ Corp./(1)/ 109 2,482 Mine Safety Appliances Co. 55 2,475 CORUS Bankshares Inc. 55 2,472 Meristar Hospitality Corp. 234 2,469 Conmed Corp./(1)/ 139 2,460 Unifi Inc./(1)/ 300 2,460 Donnelley (R.H.) Corp./(1)/ 94 2,455 Eastgroup Properties Inc. 112 2,453 Arkansas Best Corp./(1)/ 118 2,444 Commercial Net Lease Realty Inc. 184 2,438 Elcor Corp. 113 2,433 Invacare Corp. 60 2,430 Metro-Goldwyn-Mayer Inc./(1)/ 143 2,424 Hyperion Solutions Corp./(1)/ 181 2,418 American States Water Co. 65 2,405 TeleCorp PCS Inc./(1)/ 217 2,398 Glimcher Realty Trust 147 2,378 Spherion Corporation/(1)/ 329 2,369 Alexandria Real Estate Equities Inc. 59 2,328 Baldor Electric Co. 117 2,322 Input/Output Inc./(1)/ 283 2,315 ProAssurance Corp./(1)/ 155 2,310 Park Electrochemical Corp. 106 2,305 Sunrise Assisted Living Inc./(1)(2)/ 89 2,299 Ecolab Inc. 63 2,289 Gardner Denver Inc./(1)/ 103 2,287 Chittenden Corp. 90 2,286 NACCO Industries Inc. 41 2,286 W Holding Co. Inc. 163 2,282 South Jersey Industries 74 2,268 Dycom Industries Inc./(1)/ 195 2,262 Kelly Services Inc. "A" 112 2,262 Pacific Capital Bancorp 78 2,260 Pulitzer Inc. 51 2,258 Global Marine Inc./(1)/ 161 2,254 Nash Finch Co. 66 2,251 Schuler Homes Inc./(1)/ 185 2,248
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Murphy Oil Corp. 31 $ 2,243 ADTRAN Inc./(1)/ 117 2,235 BOK Financial Corp./(1)/ 74 2,234 First Financial Holdings Inc. 97 2,226 Weis Markets Inc. 80 2,224 IDT Corp./(1)/ 193 2,219 Bandag Inc. 81 2,215 Argonaut Group Inc. 135 2,213 Genlyte Group Inc. (The)/(1)/ 76 2,204 Arch Coal Inc. 141 2,200 REMEC Inc./(1)/ 277 2,197 Swift Transportation Co. Inc./(1)/ 124 2,195 Crawford & Co. "B" 176 2,191 Applebee's International Inc. 74 2,183 Nu Skin Enterprises Inc. "A" 279 2,176 Crestline Capital Corp./(1)/ 77 2,175 Montana Power Co. 414 2,173 United National Bancorp 85 2,168 PacifiCare Health Systems Inc. "A"/(1)(2)/ 172 2,165 Madison Gas & Electric Co. 86 2,163 Taubman Centers Inc. 172 2,150 Fleetwood Enterprises Inc./(2)/ 192 2,147 Andover Bancorp Inc. 42 2,144 Global Industries Ltd./(1)/ 392 2,136 National Penn Bancshares Inc. 90 2,115 Handleman Co./(1)/ 151 2,114 Seacoast Financial Services Corp. 142 2,112 Sola International Inc./(1)/ 139 2,107 Mid-America Apartment Communities Inc. 81 2,106 Kaman Corp. "A" 159 2,105 NBT Bancorp Inc. 147 2,102 Jack in the Box Inc./(1)/ 75 2,100 Greif Brothers Corp. "A" 91 2,086 Hollywood Entertainment Corp./(1)/ 177 2,080 Mediacom Communications Corp./(1)(2)/ 159 2,072 Chateau Communities Inc. 70 2,061 Schulman (A.) Inc. 201 2,060 Champion Enterprises Inc./(1)/ 296 2,057 Dime Community Bancshares 81 2,051 Hearst-Argyle Television Inc./(1)/ 117 2,047 Esterline Technologies Corp./(1)/ 129 2,045 National Health Investors Inc./(1)/ 152 2,044 1st Source Corp. 95 2,043 GenCorp. Inc. 180 2,041 Anthracite Capital Inc. 196 2,038 Moog Inc. "A"/(1)/ 90 2,031 Commercial Metals Co. 73 2,029 Bowne & Co. Inc. 199 2,020 First Sentinel Bancorp Inc. 171 2,013 Modis Professional Services Inc./(1)/ 503 2,012 Great Atlantic & Pacific Tea Co. 140 2,003 Smucker (J.M) Company (The) 78 2,001 Regal-Beloit Corp. 109 1,989 Forest Oil Corp./(1)/ 80 1,984 Carter-Wallace Inc. 97 1,982 NUI Corp. 97 1,982 Armor Holdings Inc./(1)/ 100 1,980 Promistar Financial Corp. 86 1,980 Semco Energy Inc. 138 1,980 Harleysville National Corp. 92 1,978 Griffon Corporation/(1)/ 162 1,976 IRT Property Co. 183 1,976 CACI International Inc. "A"/(1)/ 36 1,968 Nordson Corp. 90 1,966 Alabama National Bancorp 59 1,947 Amkor Technology Inc./(1)/ 184 1,936 Russell Corp. 141 1,936 AMLI Residential Properties Trust 82 1,935 OfficeMax Inc./(1)/ 634 1,934 Crown Cork & Seal Co. Inc. 843 1,930 Capital Automotive REIT 109 1,921 Polaris Industries Partners LP "A" 50 1,919 EMCOR Group Inc./(1)/ 60 1,914 PS Business Parks Inc. 69 1,911 Credence Systems Corp./(1)/ 158 1,904 Sovran Self Storage Inc. 69 1,904 ESS Technology Inc./(1)/ 185 1,891 Lance Inc. 142 1,884 Ocwen Financial Corp./(1)/ 261 1,882 Hudson River Bancorp Inc. 94 1,881 Scotts Co. (The) "A"/(1)/ 55 1,876 Ciber Inc./(1)/ 297 1,871 Corrections Corp. of America/(1)(2)/ 142 1,869 Fremont General Corp. 342 1,867 Arrow International Inc. 50 1,865 Apogee Enterprises Inc. 144 1,858 Playtex Products Inc./(1)/ 182 1,847 Parexel International Corp./(1)/ 162 1,837 First Financial Corp. 46 1,836 Barnes Group Inc. 86 1,832
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Hancock Holding Co. 45 $ 1,826 Bedford Property Investors Inc. 90 1,822 Deltic Timber Corp. 72 1,822 ProQuest Company/(1)/ 55 1,810 Philadelphia Consolidated Holding Co./(1)/ 52 1,806 RSA Security Inc./(1)/ 134 1,804 Area Bancshares Corp. 106 1,802 First Financial Bankshares Inc. 61 1,801 Florida Rock Industries Inc. 57 1,798 West Pharmaceutical Services Inc. 73 1,796 Emisphere Technologies Inc./(1)/ 94 1,795 SanDisk Corp./(1)/ 182 1,795 Anchor BanCorp Wisconsin Inc. 108 1,793 Circuit City Stores Inc. - CarMax Group/(1)/ 159 1,789 Sterling Bancshares Inc. 135 1,785 Checkpoint Systems Inc./(1)(2)/ 163 1,782 Quanex Corp. 77 1,779 Wellman Inc. 153 1,767 NBTY Inc./(1)/ 134 1,763 Community Bank System Inc. 64 1,760 SPS Technologies Inc./(1)/ 58 1,754 Stride Rite Corp. 280 1,750 Northwest Airlines Corp. "A"/(1)/ 153 1,746 Boca Resorts Inc. "A"/(1)/ 175 1,741 Omnova Solutions Inc. 278 1,737 PFF Bancorp Inc. 63 1,733 Universal Health Realty Inc. 70 1,729 AMERCO/(1)/ 95 1,727 Cathay Bancorp Inc. 32 1,724 Triumph Group Inc./(1)/ 74 1,724 Dress Barn Inc./(1)/ 77 1,717 Calgon Carbon Corp. 225 1,712 United Community Financial Corp. 242 1,706 Sonic Automotive Inc./(1)/ 125 1,700 Palm Harbor Homes Inc./(1)/ 90 1,683 Encompass Service Corp./(1)/ 445 1,682 Equity Inns Inc. 234 1,682 School Specialty Inc./(1)/ 55 1,681 URS Corp./(1)/ 73 1,679 Applied Industrial Technologies Inc. 99 1,672 Parker Drilling Co./(1)/ 543 1,672 Tredegar Corporation 98 1,666 CNET Networks Inc./(1)/ 387 1,664 John Nuveen Co. "A" 38 1,659 Thomas Industries Inc. 77 1,659 PMA Capital Corp. "A" 92 1,656 Sycamore Networks Inc./(1)/ 473 1,646 International Multifoods Corp. 86 1,643 Varco International Inc./(1)(2)/ 136 1,643 Tower Automotive Inc./(1)/ 229 1,642 Roadway Express Inc. 68 1,638 Aquila Inc./(1)/ 75 1,635 Ryerson Tull Inc. 129 1,619 Simmons First National Corp. "A" 45 1,607 CMGI Inc./(1)/ 1,605 1,605 Nautica Enterprises Inc./(1)/ 135 1,598 DVI Inc./(1)/ 94 1,597 General Cable Corp. 162 1,596 Stewart & Stevenson Services Inc. 66 1,589 Sandy Spring Bancorp Inc. 40 1,588 Pilgrim's Pride Corp. "B" 115 1,587 BankUnited Financial Corp. "A"/(1)/ 108 1,584 Chemed Corp. 55 1,584 FSI International Inc./(1)/ 159 1,584 Methode Electronics Inc. "A" 209 1,578 F&M Bancorp 60 1,572 Spartech Corp. 76 1,572 Pacific Northwest Bancorp 77 1,567 Local Financial Corporation/(1)/ 117 1,564 Palm Inc./(1)/ 1,063 1,552 O'Reilly Automotive Inc./(1)/ 54 1,547 Gold Bancorp Inc. 198 1,542 Monaco Coach Corp./(1)/ 108 1,539 U.S. Restaurant Properties Inc. 111 1,537 Anchor Gaming/(1)/ 37 1,535 Knight Trading Group Inc./(1)/ 199 1,534 Advanta Corp. "A" 163 1,532 Community Trust Bancorp Inc. 64 1,530 First BanCorp. 59 1,526 Insignia Financial Group Inc./(1)/ 145 1,522 ESCO Technologies Inc./(1)/ 61 1,519 First Merchants Corp. 66 1,518 Southwest Bancorp of Texas Inc./(1)/ 51 1,517 Sinclair Broadcast Group "A"/(1)/ 188 1,515 Jakks Pacific Inc./(1)/ 112 1,512 Sylvan Learning Systems Inc./(1)/ 66 1,511 Sepracor Inc./(1)(2)/ 42 1,508 Manitowoc Co. Inc. 62 1,503 Flowserve Corp./(1)/ 76 1,501 American Physicians Capital Inc./(1)/ 72 1,495
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Burlington Coat Factory Warehouse Corp. 106 $ 1,495 Financial Federal Corp./(1)/ 61 1,494 Curtiss Wright Corp. 32 1,491 MacDermid Inc. 117 1,491 Dimon Inc. 258 1,483 MidAmerica Bancorp 59 1,481 Casella Waste Systems Inc. "A"/(1)/ 133 1,480 RLI Corp. 36 1,476 U.S. Airways Group Inc./(1)(2)/ 317 1,474 CFS Bancorp Inc. 99 1,472 Entertainment Properties Trust 87 1,470 Pioneer-Standard Electronics Inc. 163 1,470 RFS Hotel Investors Inc. 142 1,470 Alpharma Inc. "A" 51 1,469 Spartan Stores Inc./(1)/ 120 1,464 Parkway Properties Inc. 45 1,462 MTS Systems Corp. 127 1,460 Innkeepers USA Trust/(2)/ 162 1,458 Frontier Financial Corp. 53 1,457 Oceaneering International Inc./(1)/ 90 1,455 Steak n Shake Company (The)/(1)/ 147 1,455 ChemFirst Inc. 72 1,453 Libbey Inc. 45 1,451 Kramont Realty Trust 116 1,449 Profit Recovery Group International Inc. (The)/(1)(2)/ 148 1,447 ABM Industries Inc. 56 1,445 Delta & Pine Land Co. 85 1,443 Riverstone Networks Inc./(1)/ 274 1,439 Connecticut Bankshares Inc. 65 1,436 JP Realty Inc. 64 1,430 Covanta Energy Corporation/(1)/ 122 1,425 First Republic Bank/(1)/ 62 1,423 Ameron Inc. 22 1,418 Interpool Inc. 97 1,416 National Western Life Insurance Company "A"/(1)/ 14 1,415 Picturetel Corp./(1)/ 236 1,411 Quanta Services Inc./(1)/ 99 1,411 Penn Virginia Corp. 50 1,407 CT Communications Inc. 96 1,402 SonicWALL Inc./(1)/ 118 1,402 Range Resources Corp./(1)/ 295 1,401 Integrated Silicon Solution Inc./(1)/ 163 1,400 Investors Real Estate Trust 150 1,399 Omega Financial Corp. 45 1,396 Riggs National Corp. 90 1,395 Skyline Corp. 52 1,388 Farmers Capital Bank Corp. 37 1,385 Ariba Inc./(1)/ 743 1,382 JDA Software Group Inc./(1)/ 105 1,380 Covance Inc./(1)/ 77 1,379 Ultratech Stepper Inc./(1)/ 115 1,377 Pericom Semiconductor Corp./(1)/ 99 1,376 American Standard Companies Inc./(1)/ 25 1,375 Steel Dynamics Inc./(1)/ 138 1,365 West Coast Bancorp 101 1,364 BankAtlantic Bancorp Inc. "A" 135 1,363 Dollar Thrifty Automotive Group Inc./(1)/ 137 1,363 Rowan Companies Inc./(1)/ 110 1,362 First Place Financial Corp. 95 1,357 Southwest Securities Group Inc./(2)/ 79 1,357 OceanFirst Financial Corp. 54 1,355 Winnebago Industries Inc. 63 1,351 Caraustar Industries Inc. 146 1,349 Landry's Seafood Restaurants Inc. 91 1,347 Kulicke & Soffa Industries Inc./(1)/ 123 1,341 Capital City Bank Group Inc. 57 1,338 Acterna Corp./(1)/ 420 1,336 Lexington Corp. Properties Trust 91 1,333 Russ Berrie & Co. Inc. 50 1,330 Central Parking Corp. 95 1,329 Phillips-Van Heusen Corporation 134 1,327 Dal-Tile International Inc./(1)/ 86 1,324 Great Lakes REIT Inc. 81 1,320 TD Waterhouse Group Inc./(1)/ 215 1,320 Kadant Inc./(1)/ 102 1,316 Sealed Air Corp./(1)(2)/ 36 1,314 GBC Bancorp 42 1,311 Bank of Granite Corp. 59 1,310 Cash American Investments Inc. 144 1,310 S1 Corp./(1)/ 154 1,303 Cephalon Inc./(1)/ 26 1,297 CPB Inc. 41 1,296 Marcus Corp. 108 1,296 Safeguard Scientifics Inc./(1)/ 728 1,289 Robert Mondavi Corp. (The) "A"/(1)/ 36 1,282 Shopko Stores Inc./(1)/ 154 1,277 Cascade Natural Gas Corp. 59 1,274 Wintrust Financial Corp. 41 1,273
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 79 iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
SECURITY SHARES VALUE - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Flagstar Bancorp Inc. 55 $ 1,270 Trammell Crow Co.(1) 127 1,270 Iomega Corp.(1) 1,039 1,268 NextCard Inc.(1) 199 1,268 Stewart Information Services Corp.(1) 65 1,268 Movie Gallery Inc.(1) 61 1,265 First Community Bancshares Inc. 40 1,264 Global Payments Inc. 43 1,264 Kansas City Life Insurance Co. 36 1,260 Bally Total Fitness Holding Corp.(1) 62 1,259 Banner Corporation 65 1,256 Aaron Rents Inc. "B" 81 1,255 Brush Engineered Materials 91 1,251 Central Vermont Public Service Corporation 71 1,242 Peoples Holding Co. 37 1,239 Steris Corp.(1) 63 1,239 Inter-Tel Inc. 108 1,238 Daisytek International Corp.(1) 109 1,236 UbiquiTel Inc.(1) 153 1,235 CNA Surety Corp. 91 1,233 Pegasus Solutions Inc.(1) 147 1,232 Kroll Inc.(1) 108 1,230 Sierra Health Services Inc.(1) 148 1,228 Micros Systems Inc.(1) 69 1,226 Tootsie Roll Industries Inc. 32 1,224 Old Second Bancorp Inc. 36 1,223 First Federal Capital Corp. 82 1,222 Sequa Corp. "A"(1) 27 1,221 Century Business Services Inc.(1) 488 1,220 Allen Telecom Inc.(1) 140 1,218 M/I Schottenstein Homes Inc. 36 1,217 Universal Forest Products Inc. 64 1,217 Entravision Communications Corp.(1) 142 1,214 Nuevo Energy Co.(1) 87 1,214 Arctic Cat Inc. 90 1,213 Albany International Corp. "A"(1) 81 1,212 Indus International Inc.(1) 203 1,210 Gerber Scientific Inc. 115 1,207 Redwood Trust Inc.(2) 50 1,205 Unova Inc.(1) 270 1,202 Wabash National Corp. 174 1,201 Bangor Hydro-Electric Co. 45 1,198 3TEC Energy Corp.(1) 84 1,197 Port Financial Corp. 50 1,194 Watts Industries Inc. "A" 91 $ 1,192 Bank Mutual Corp. 74 1,191 Watsco Inc. 91 1,191 Capstead Mortgage Corp. 45 1,183 St. Mary Land & Exploration Co. 74 1,179 Pope & Talbot Inc. 92 1,178 Owens & Minor Inc. 58 1,177 Universal American Financial Corp.(1) 212 1,177 FBL Financial Group Inc. "A" 70 1,170 AAR Corp. 146 1,169 DST Systems Inc.(1) 27 1,168 German American Bancorp 71 1,168 Coastal Bancorp Inc. 33 1,165 Dover Downs Entertainment Inc. 94 1,164 Glatfelter (P.H.) Co. 76 1,164 Alliance Semiconductor Corp.(1) 162 1,163 U.S. Industries Inc. 505 1,162 Finish Line Inc. (The)(1) 107 1,161 Milacron Inc. 97 1,160 Georgia Gulf Corp. 72 1,157 Systems & Computer Technology Corp.(1) 128 1,152 Nextel Partners Inc. "A"(1) 171 1,151 Buckeye Technologies Inc.(1) 116 1,148 Independent Bank Corp.(MI) 44 1,148 Pennsylvania Real Estate Investment Trust 54 1,148 SJW Corp. 14 1,147 NBC Capital Corporation 35 1,146 Instinet Group Inc.(1) 117 1,145 Independent Bank Corp.(MA) 70 1,141 Glacier Bancorp Inc. 60 1,140 Tompkins County Trustco Inc. 30 1,140 Integrated Electrical Services Inc.(1) 207 1,138 SkyWest Inc. 68 1,137 Navigant Consulting Co.(1) 306 1,135 NRG Energy Inc.(1) 70 1,135 Robbins & Myers Inc. 46 1,134 Astec Industries Inc.(1) 87 1,132 Sterling Financial Corp.(WA) 53 1,132 Standard Register Co. 78 1,131 Senior Housing Properties Trust 84 1,130 Irwin Financial Corp. 54 1,129 Trans World Entertainment Corp.(1)(2) 146 1,129 Encore Wire Corp.(1) 87 1,127 Hunt (J.B.) Transport Services Inc.(1) 86 1,121 Sturm Ruger & Co. Inc. 108 1,121 Cumulus Media Inc."A"(1) 161 1,119
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (Continued) - -------------------------------------------------------------------------------- Oneida Ltd. 78 $ 1,119 Interface Inc. "A" 259 1,114 Octel Corp./(1)/ 61 1,113 Standex International Corp. 59 1,112 Columbia Banking System Inc./(1)/ 81 1,110 Building Materials Holdings Corp./(1)/ 79 1,109 CDI Corp./(1)/ 69 1,107 Second Bancorp Inc. 54 1,107 Zenith National Insurance Corp. 45 1,107 Mid Atlantic Realty Trust 79 1,106 Southern Peru Copper Corp. 117 1,106 Valmont Industries Inc. 79 1,106 K Swiss Inc. "A" 45 1,105 C-COR.net Corp./(1)/ 161 1,103 First Essex Bancorp Inc. 42 1,102 kForce.com Inc./(1)/ 219 1,102 Farmer Brothers Co. 5 1,100 Silgan Holdings Inc./(1)/ 60 1,098 Analogic Corp. 27 1,093 Commonwealth Bancorp Inc. 53 1,093 New England Business Service Inc. 63 1,093 Bassett Furniture Industries Inc. 78 1,090 Oriental Financial Group Inc. 54 1,088 Wilson Greatbatch Technologies Inc./(1)/ 37 1,084 Magnetek Inc./(1)/ 118 1,083 Phoenix Technologies Ltd./(1)/ 108 1,083 Bio-Rad Laboratories Inc. "A"/(1)/ 23 1,081 Capitol Transamerica Corp. 66 1,080 Flushing Financial Corp. 67 1,079 Wabtec Corporation 99 1,079 TBC Corp./(1)/ 109 1,077 Consolidated Graphics Inc./(1)/ 63 1,076 LSI Industries Inc. 43 1,075 MB Financial Inc./(1)/ 43 1,075 Seitel Inc./(1)/ 107 1,075 Benchmark Electronics Inc./(1)/ 65 1,074 Cambrex Corp. 32 1,073 United Industial Corp. 73 1,073 Championship Auto Racing Teams Inc./(1)/ 77 1,070 Lone Star Steakhouse & Saloon Inc. 99 1,069 Information Resources Inc./(1)/ 168 1,067 Centex Construction Products Inc. 36 1,064 NL Industries Inc. 71 1,064 Umpqua Holdings Corp. 86 1,062 US Unwired Inc. "A"/(1)/ 105 1,061 IBERIABANK Corp. 37 1,058 Financial Institutions Inc. 45 1,055 DMC Stratex Networks Inc./(1)/ 204 1,053 BancFirst Ohio Corp. 48 1,049 Baldwin & Lyons Inc. "B" 54 1,048 BSB Bancorp Inc. 45 1,047 Dreyer's Grand Ice Cream Inc. 36 1,046 Lakeland Bancorp Inc. 75 1,046 Garan Inc. 30 1,045 Saul Centers Inc. 55 1,045 SoundView Technology Group Inc./(1)/ 520 1,045 Myers Industries Inc. 88 1,043 City Holding Co 104 1,040 Credit Acceptance Corp./(1)/ 119 1,040 Footstar Inc./(1)/ 30 1,038 Boyd Gaming Corp./(1)/ 233 1,037 Standard Commercial Corp. 63 1,036 AO Smith Corp. "B" 59 1,035 Brightpoint Inc./(1)/ 334 1,035 NCI Building Systems Inc./(1)/ 90 1,035 Swift Energy Co.(1) 50 1,031 First Indiana Corp. 50 1,030 WestCorp Inc. 60 1,029 Burnham Pacific Properties Inc. 206 1,028 St Francis Capital Corp. 48 1,025 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 99 1,025 WSFS Financial Corp. 62 1,022 Brown Shoe Company Inc. 90 1,021 Encore Acquisition Co./(1)/ 68 1,020 Three-Five Systems Inc./(1)/ 64 1,020 Littelfuse Inc./(1)/ 46 1,018 Capstone Turbine Corp./(1)/ 168 1,015 Osmonics Inc./(1)/ 81 1,012 Pennfed Financial Services Inc. 45 1,012 Oxford Industries Inc. 46 1,007 Sterling Bancorp 35 1,006 RTI International Metals Inc./(1)/ 120 1,002 United Fire & Casualty Co. 39 1,001 Zoll Medical Corp./(1)/(2)/ 28 997 Friedman Billings Ramsey Group Inc. "A"/(1)/ 195 994 Spanish Broadcasting System Inc. "A"/(1)/ 140 993 State Auto Financial Corp. 74 986 First Bancorp North Carolina 41 984 Lands' End Inc./(1)/ 34 983 Thor Industries Inc. 36 983
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 81 iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- East West Bancorp Inc. 42 $ 982 Acadia Realty Trust 151 980 Arrow Financial Corp. 35 979 Supertex Inc./(1)/ 64 975 Electro Rent Corp./(1)/ 77 971 Associated Estates Realty Corp. 101 970 Nortek Inc./(1)/ 45 970 Park National Corp. 10 967 Discount Auto Parts Inc./(1)/ 70 966 Fidelity Bankshares Inc. 72 961 Western Digital Corp./(1)/ 442 959 Insurance Auto Auctions Inc./(1)/ 71 958 North Pittsburgh Systems Inc. 65 958 Cole National Corp./(1)/ 72 955 Pomeroy Computer Resources/(1)/ 79 952 Corporate Office Properties Trust 87 948 Crossmann Communities Inc. 36 946 UniFirst Corp. 56 946 Brookline Bancorp Inc. 63 945 Hovnanian Enterprises Inc. "A"/(1)/ 82 945 Quaker Chemical Corp. 52 944 Armstrong Holdings Inc./(1)/ 345 942 Harmonic Inc./(1)/(2)/ 116 940 Offshore Logistics Inc./(1)/ 49 940 Peabody Energy Corp.(2) 39 940 UNB Corp. 55 936 DiamondCluster International Inc. "A"/(1)/ 94 926 Avatar Holdings/(1)/ 40 922 Midas Inc. 93 921 USB Holding Co. Inc. 62 921 Pinnacle Entertainment Inc./(1)/ 154 916 Bethlehem Steel Corp./(1)/ 714 914 Westport Resources Corp./(1)/ 62 911 Certegy Inc./(1)/(2)/ 35 909 Newfield Exploration Co./(1)/ 31 905 Hancock Fabrics Inc. 110 902 Luby's Inc./(1)/ 126 901 Northwest Bancorp Inc. 90 901 Circor International Inc. 60 900 J & J Snack Foods Corp./(1)/ 48 900 Mission West Properties Inc. 75 900 Metromedia Fiber Network Inc. "A"/(1)/ 2,641 898 Haverty Furniture Companies Inc. 91 896 Santander Bancorp 46 896 Lufkin Industries Inc. 39 894 dELiA*s Corp. "A"/(1)/ 167 892 Eden Bioscience Corp./(1)/ 117 892 Edwards (J.D.) & Co.(1) 125 890 Purina Mills Inc./(1)/ 40 888 Audiovox Corp. "A"/(1)/ 97 887 Pitt-Des Moines Inc. 29 885 Dionex Corp./(1)/ 35 883 ONI Systems Inc./(1)/ 219 883 Gray Communications Systems Inc. 58 882 Alliance Gaming Corp./(1)/ 62 880 Community Banks Inc. 36 878 Keystone Property Trust 69 876 Vail Resorts Inc./(1)/ 63 876 Heartland Express Inc./(1)/ 38 874 U.S. Concrete Inc./(1)/ 120 872 Butler Manufacturing Co. 40 868 Mail-Well Inc./(1)/ 234 866 BKF Capital Group Inc./(1)/ 32 864 Chelsea Property Group Inc. 19 864 Roper Industries Inc. 24 864 Avid Technology Inc./(1)/ 118 860 Transaction Systems Architects Inc. "A"/(1)/ 137 860 First Niagara Financial Group Inc. 54 857 Oregon Steel Mills Inc./(1)/ 160 856 Westfield America Inc. 53 856 Crown American Realty Trust 120 852 Movado Group Inc. 55 852 CSK Auto Corp./(1)/ 136 850 Resource America Inc. "A" 95 849 Isle of Capris Casinos Inc./(1)/(2)/ 119 845 Seacoast Banking Corp. of Florida 20 844 HEICO Corp. 56 840 Pricesmart Inc./(1)/ 24 840 Quaker Fabric Corp./(1)/ 115 840 USG Corp. 225 839 HI/FN Inc./(1)/ 85 837 Cheap Tickets Inc./(1)/ 51 836 infoUSA Inc.(1) 206 836 Mississippi Valley Bancshares Inc. 22 836 Fisher Communications Inc. 16 832 PC-Tel Inc./(1)/ 111 832 Genzyme Corp. - Biosurgery Division/(1)/ 213 831 American Axle & Manufacturing Holdings Inc./(1)/ 65 829 Cubic Corp. 24 828
- -------------------------------------------------------------------------------- page 82 i|Shares iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Hain Celestial Group Inc./(1)/ 45 $828 Sybase Inc./(1)/ 89 828 WebEx Communications Inc./(1)(2)/ 39 828 Choice Hotels International Inc./(1)/ 50 825 Brooks Automation Inc./(1)/ 31 824 Nu Horizons Electronics Corp./(1)/ 109 823 Prosperity Bancshares Inc. 32 822 Republic Bancorp Inc. "A" 62 822 Mid Atlantic Medical Services Inc./(1)/ 39 819 FreeMarkets Inc./(1)(2)/ 77 815 Medford Bancorp Inc. 42 811 First Consulting Group Inc./(1)/ 90 809 Brady Corp. "A" 27 805 American Medical Systems Holdings. Inc./(1)/ 42 801 Labor Ready Inc./(1)/ 251 801 Roanoke Electrics Steel Corp. 67 797 Sanderson Farms Inc. 56 797 Infocus Corp./(1)/ 61 796 Gorman Rupp Co. 41 795 Terra Industries Inc./(1)/ 267 793 Bell Microproducts Inc./(1)/ 103 792 Cerner Corp./(1)/ 16 792 NewPower Holdings Inc./(1)/ 257 792 Arris Group Inc./(1)/ 221 791 O'Charley's Inc./(1)/ 46 789 Herbalife International Inc. "A" 78 788 Standard Microsystems Corp./(1)/ 84 788 BancFirst Corp. 23 787 Zebra Technologies Corp. "A"/(1)/ 21 787 Applica Inc./(1)/ 93 786 Argosy Gaming Co./(1)/ 30 786 Ambassadors International Inc. 47 785 Winston Hotels Inc. 99 782 Technitrol Inc. 35 781 Gymboree Co./(1)/ 120 780 Intertrust Technologies Corp./(1)/ 735 779 American Italian Pasta Co. "A"/(1)/ 18 778 Atlas Air Inc./(1)/ 79 778 Cleveland-Cliffs Inc. 54 778 R&G Financial Corp. "B" 45 774 Group 1 Automotive Inc./(1)/ 29 770 Foamex International Inc./(1)/ 125 769 Boykin Lodging Co. 96 768 Action Performance Companies Inc./(1)/ 42 765 MRO Software Inc./(1)/ 75 $765 Wackenhut Corp. "A"/(1)(2)/ 32 762 Exar Corp./(1)/ 44 761 AMCOL International Corp. 134 757 Sonosite Inc./(1)/ 37 755 Recoton Corp./(1)/ 61 753 Provident Bancorp Inc. 35 752 Quaker City Bancorp Inc./(1)/ 25 750 CUNO Inc./(1)/ 27 749 United Auto Group Inc./(1)/ 45 749 Transmontaigne Inc./(1)/ 154 747 CTS Corp. 50 738 Global Sports Inc./(1)(2)/ 63 734 Smart & Final Inc./(1)/ 72 733 Midland Co. 18 731 Crown Media Holdings Inc./(1)/ 71 728 Clarent Corp./(1)/ 135 725 SCPIE Holdings Inc. 45 725 Integrated Device Technology Inc./(1)/ 36 724 Penn Engineering & Manufacturing Corp. 51 724 Mestek Inc./(1)/ 31 721 Midwest Express Holdings Inc./(1)/ 68 721 Friedman's Inc. 102 720 Hexcel Corp./(1)/ 180 720 Spectrian Corp./(1)(2)/ 72 720 W-H Energy Services Inc./(1)/ 51 717 Exide Corp. 190 714 Artesyn Technologies Inc./(1)/ 131 713 Tropical Sportswear International Corp./(1)/ 42 712 WatchGuard Technologies Inc./(1)/ 92 705 Rock-Tenn Company "A" 64 704 Sauer Inc. 90 704 Coachmen Industries Inc. 78 702 Aviall Inc./(1)/ 114 701 Trico Marine Services Inc./(1)/ 118 699 Rent-Way Inc./(1)/ 133 698 Actel Corp./(1)/ 39 693 PICO Holdings Inc./(1)/ 63 693 Alaska Communications Systems Group/(1)/ 90 685 CSS Industries Inc./(1)/ 27 683 Woodhead Industries Inc. 45 673 Cirrus Logic Inc./(1)/ 90 668 Zomax Inc./(1)/ 123 668 AsiaInfo Holdings Inc./(1)/ 56 666 NS Group Inc./(1)/ 98 666 Boron, LePore & Associates Inc./(1)/ 70 665
- -------------------------------------------------------------------------------- iShares Schedules of Investments Page 83 iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- K2 Inc./(1)/ 111 $ 664 Numerical Technologies Inc./(1)/ 40 664 Fedders Corp. 170 663 Crossroads Systems Inc./(1)/ 200 660 Ingles Markets Inc. "A" 55 660 Inktomi Corp./(1)/ 241 660 Lawson Products Inc. 27 659 Great American Financial Resources Inc. 36 653 Dobson Communications Corp. "A"/(1)(2)/ 63 652 Rightchoice Managed Care Inc./(1)/ 13 651 CommScope Inc./(1)/ 36 643 Comstock Resources Inc./(1)/ 108 642 Rainbow Technologies Inc./(1)/ 183 641 Watson Wyatt & Co. Holdings/(1)/ 40 636 Wyndham International Inc. "A"/(1)/ 974 633 Ivex Packaging Corp./(1)/ 37 631 Pegasus Communications Corp./(1)/ 90 630 Magna Entertainment Corp. "A"/(1)/ 103 624 Maxim Pharmaceuticals Inc./(1)/ 158 624 Riviana Foods Inc. 36 624 TIBCO Software Inc./(1)/ 85 624 Triarc Companies Inc./(1)/ 27 624 CVB Financial Corp. 29 623 National Presto Industries Inc. 23 619 Sykes Enterprises Inc./(1)/ 111 619 International Specialty Products Inc./(1)/ 70 618 Deb Shops Inc. 30 617 Ditech Communications Corp./(1)/ 147 617 Olin Corp. 42 617 Microtune Inc./(1)/ 54 616 Men's Wearhouse Inc. (The)/(1)/ 34 615 ITXC Corp./(1)/ 240 612 Infonet Services Corp. "B"/(1)/ 284 611 NYMAGIC Inc. 38 610 SIPEX Corp./(1)/ 94 607 Golden Telecom Inc./(1)/ 77 601 Castle (A.M.) & Co. 72 598 Ladish Co Inc./(1)/ 75 596 Navigant International Inc./(1)/ 74 595 WMS Industries Inc./(1)/ 34 595 Buckle Inc. (The)/(1)/ 36 594 Covenant Transport Inc. "A"/(1)/ 63 592 LaSalle Hotel Properties 64 591 SCM Microsystems Inc./(1)/ 95 590 Vitesse Semiconductor Corp./(1)(2)/ 76 589 NTELOS Inc./(1)/ 70 584 Dura Automotive Systems Inc./(1)/ 81 583 Intermagnetics General Corp./(1)/ 25 581 Young Broadcasting Corp. "A"/(1)/ 40 580 New Century Financial Corp./(1)(2)/ 59 578 Stepan Co. 32 578 Aurora Foods Inc./(1)/ 144 575 Lydall Inc./(1)/ 87 574 Pharmacyclics Inc./(1)(2)/ 32 570 AnswerThink Consulting Group Inc./(1)/ 121 569 Tanger Factory Outlet Centers Inc. 27 559 Hydril Co./(1)/ 40 557 Playboy Enterprises Inc. "B"/(1)/ 45 556 Station Casinos Inc./(1)/ 66 554 Borland Software Corp./(1)/ 68 551 Volt Information Sciences Inc./(1)/ 46 551 Akamai Technologies Inc./(1)/ 189 550 Genuity Inc./(1)/ 350 549 Wild Oats Markets Inc./(1)/ 69 548 Global Power Equipment Group Inc./(1)/ 36 547 Pinnacle Systems Inc./(1)/ 188 547 SONICblue Inc./(1)/ 500 545 Gibraltar Steel Corp. 36 544 Getty Images Inc./(1)/ 49 540 Prime Group Realty Trust 45 538 HotJobs.com Ltd./(1)/ 90 537 Orbital Sciences Corp./(1)/ 295 537 MCSi Inc./(1)(2)/ 33 532 QRS Corp./(1)/ 63 529 SLI Inc. 204 528 Aspect Communications Corp./(1)/ 292 523 World Wrestling Federation Entertainment Inc./(1)/ 39 515 Affiliated Managers Group Inc./(1)/ 9 511 Penton Media Inc. 144 511 Internet Capital Group Inc./(1)/ 1,267 507 Steinway Musical Instruments Inc./(1)/ 35 507 Hickory Tech Corp. 31 505 Datascope Corp. 13 504 Genrad Inc./(1)/ 154 504 Sitel Corp./(1)/ 560 498 Papa John's International Inc./(1)/ 19 495 Del Monte Foods Co./(1)/ 64 493 NCO Group Inc./(1)(2)/ 36 492 Ixia/(1)/ 77 489
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Regent Communications Inc./(1)/ 81 $ 488 Electroglas Inc./(1)/ 39 486 Lithia Motors Inc. "A"/(1)/ 35 486 Metromedia International Group Inc./(1)/ 403 484 Kaiser Aluminum Corp./(1)/ 188 483 Stanley Furniture Co. Inc./(1)/ 20 482 Valhi Inc. 36 479 Proton Energy Systems Inc./(1)/ 101 476 Silicon Graphics Inc./(1)/ 1,026 472 Standard Motor Products Inc. 40 468 Wolverine Tube Inc./(1)/ 46 465 Net.B@nk Inc./(1)/ 55 460 Republic Bancshares Inc./(1)/ 27 458 Internap Network Services Corp./(1)/ 455 455 RCN Corp./(1)/ 142 454 OTG Software Inc./(1)/ 80 444 Fairchild Corp. (The) "A"/(1)/ 130 442 Stoneridge Inc./(1)/ 63 441 BMC Industries Inc. 215 439 Active Power Inc./(1)/ 87 436 Spectrasite Holdings Inc./(1)/ 181 436 SPSS Inc./(1)/ 25 430 Websense Inc./(1)/ 39 425 Aviron/(1)/ 17 423 Tennant Co. 12 420 Packard BioScience Company/(1)/ 53 419 Prodigy Communications Corp. "A"/(1)/ 76 419 Stamps.com Inc./(1)/ 167 416 LodgeNet Entertainment Corp./(1)/ 37 407 Wilsons The Leather Experts Inc./(1)/ 45 407 XM Satellite Radio Holdings Inc. "A"/(1)(2)/ 77 403 SBS Technologies Inc./(1)/ 36 402 America Online Latin America Inc. "A"/(1)/ 119 392 McMoRan Exploration Co./(1)/ 72 392 NetRatings Inc./(1)/ 38 392 City Bank 16 391 EEX Corp./(1)/ 279 391 Western Multiplex Corp./(1)/ 104 389 Titanium Metals Corp./(1)/ 121 387 Consolidated Freightways Corp./(1)/ 127 385 Catalytica Energy Systems Inc./(1)/ 50 383 PRI Automation Inc./(1)/ 38 381 Alico Inc. 15 380 Keynote Systems Inc./(1)/ 50 380 Airtran Holdings Inc./(1)/ 89 377 American Management Systems Inc./(1)/ 31 372 American West Holdings Corp. "B"/(1)/ 196 363 Royal Bancshares of Pennsylvania "A" 20 355 NCH Corp. 9 353 Maxwell Technologies Inc./(1)/ 54 351 BE Aerospace Inc./(1)/ 46 350 DRS Technologies Inc./(1)/ 10 347 Value Line Inc. 9 345 Finova Group Inc./(1)/ 300 336 Revlon Inc. "A"/(1)/ 64 336 H Power Corp./(1)/ 107 334 Celeritek Inc./(1)/ 28 331 CPI Corp. 23 331 Xanser Corp./(1)/ 174 322 Mesaba Holdings Inc./(1)/ 54 319 Bush Industries Inc. "A" 36 318 Gartner Group Inc. "A"/(1)/ 35 317 Fred's Inc. 12 314 Prize Energy Corp./(1)/ 18 314 Allegiance Telecom Inc./(1)/ 103 310 Amtran Inc./(1)/ 36 310 Texas Regional Bancshares "A" 9 308 Uniroyal Technology Corp./(1)/ 98 308 Roxio Inc./(1)/ 20 304 Chiles Offshore Inc./(1)/ 15 303 General Communication Inc. "A"/(1)/ 25 302 Comdisco Inc. 504 297 Resortquest International Inc./(1)/ 99 297 Kendle International Inc./(1)/ 15 296 Key3Media Group Inc./(1)/ 74 293 Talbots Inc. (The) 13 292 NMS Communications Corp./(1)/ 185 289 Charles River Laboratories International Inc./(1)/ 8 283 Mastec Inc./(1)/ 55 280 Medallion Financial Corp. 34 280 Churchill Downs Inc. 10 278 Speedway Motorsports Inc./(1)/ 14 278 IDX Systems Corp./(1)/ 27 277 Tremont Corp. 10 275 MEMC Electronics Materials Inc./(1)/ 255 268 CorVel Corp./(1)/ 10 263 ITC DeltaCom Inc./(1)/ 219 263 Global Imaging Systems Inc./(1)/ 15 262 7-Eleven Inc./(1)/ 27 261 Infogrames Inc./(1)/ 76 258
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 85 iShares Russell 3000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (CONTINUED) - --------------------------------------------------------------- Lightpath Technologies Inc. "A"/(1)/ 144 $ 256 Adelphia Business Solutions Inc./(1)/ 239 253 Value City Department Stores Inc./(1)/ 72 248 Perini Corp./(1)/ 38 247 AmeriPath Inc./(1)/ 9 236 Cooper Companies Inc. 5 234 Century Aluminum Company 29 232 Antigenics Inc./(1)(2)/ 18 229 Acclaim Entertainment Inc./(1)/ 85 228 Register.com/(1)/ 23 228 Spiegel Inc. "A" 32 226 Intergraph Corp./(1)/ 25 224 Red Hat Inc./(1)/ 63 221 Salton Inc./(1)(2)/ 25 214 Student Loan Corp. 3 212 Troy Financial Corp. 10 211 Seaboard Corp. 1 210 SJNB Financial Corp. 5 209 KCS Energy Inc./(1)/ 59 208 Vans Inc./(1)/ 18 207 Liqui-Box Corp. 5 206 Net2Phone Inc./(1)/ 68 206 Walter Industries Inc. 23 206 Cygnus Inc./(1)/ 36 201 Maui Land & Pineapple Co./(1)/ 10 200 Remington Oil & Gas Corp./(1)/ 15 196 Guess ? Inc./(1)/ 30 193 InterMune Inc./(1)/ 5 191 Newpark Resources Inc./(1)/ 28 189 Federal-Mogul Corp. 288 187 Meritage Corp./(1)/ 5 185 Holly Corp. 10 181 Natures Sunshine Products Inc. 15 172 Sorrento Networks Corp./(1)(2)/ 86 172 Stein Mart Inc./(1)/ 21 172 Boston Communications Group Inc./(1)/ 15 168 Selectica Inc./(1)/ 70 168 Urban Outfitters Inc./(1)/ 15 168 Photronics Inc./(1)/ 9 166 United Natural Foods Inc./(1)/ 9 164 Anaren Microwave Inc./(1)/ 10 163 Commercial Bank of New York 5 163 Westpoint Stevens Inc. 92 163 Lindsay Manufacturing Co. 9 160 Simpson Manufacturing Co. Inc./(1)/ 3 159 CompX International Inc. 15 157 Western Gas Resources Inc. 6 156 Sunrise Telecom Inc./(1)/ 30 150 ZixIt Corp./(1)/ 31 149 Energy Partners Ltd./(1)/ 21 147 National Golf Properties Inc. 9 144 DoubleClick Inc./(1)/ 25 142 Berry Petroleum Co. "A" 9 139 IGEN International Inc./(1)/ 5 138 Specialty Laboratories Inc./(1)/ 5 138 ANADIGICS Inc./(1)/ 11 134 Mesa Air Group Inc./(1)/ 41 134 iBasis Inc./(1)/ 300 126 CCBT Financial Companies Inc. 5 125 RailAmerica Inc./(1)/ 10 125 ANC Rental Corp./(1)/ 234 122 Callon Petroleum Corp./(1)/ 18 122 Interland Inc./(1)/ 114 120 Boston Beer Co Inc. "A"/(1)/ 10 118 Valuevision International Inc. "A"/(1)/ 9 116 Centennial Bancorp 15 113 American Realty Investors Inc./(1)/ 10 111 AT&T Latin America Corp./(1)/ 62 109 Midway Games Inc./(1)(2)/ 9 109 SureBeam Corporation "A"/(1)/ 13 108 VA Linux Systems Inc./(1)/ 97 102 At Home Corp. "A"/(1)/ 676 101 Ocular Sciences Inc./(1)/ 5 101 National Beverage Corp./(1)/ 10 100 TiVo Inc./(1)/ 30 100 Quiksilver Inc./(1)/ 8 99 UnitedGlobalCom Inc. "A"/(1)(2)/ 42 97 Southwestern Energy Company/(1)/ 8 95 C&D Technologies Inc. 5 92 Agile Software Corp./(1)/ 10 91 Cato Corp. "A" 6 90 Turnstone Systems Inc./(1)/ 30 90 Peregrine Pharmaceuticals/(1)/ 90 89 Covansys Corporation/(1)/ 10 87 Tetra Technologies Inc./(1)/ 5 87 Allscripts Healthcare Solutions Inc./(1)/ 20 84 Centennial Cellular Corp. "A"/(1)/ 9 81 Datastream Systems Inc./(1)/ 27 81 Hayes Lemmerz International Inc./(1)/ 81 81 Polaroid Corp. 156 81
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Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Avant! Corp./(1)/ 27 $ 80 Oak Technology Inc./(1)/ 10 78 Gulf Island Fabrication Inc./(1)/ 9 77 NATCO Group Inc. "A"/(1)/ 10 77 OSCA Inc./(1)/ 5 77 Cohu Inc. 5 75 Caminus Corp./(1)/ 5 73 Oglebay Norton Co. 5 73 Ventiv Health Inc./(1)/ 18 73 CoStar Group Inc./(1)/ 4 72 Act Manufacturing Inc./(1)/ 15 67 Liberty Livewire Corporation "A"/(1)/ 10 67 Oil States International Inc./(1)/ 10 66 Beacon Power Corporation/(1)/ 40 61 Copper Mountain Networks Inc./(1)/ 74 59 Choice One Communications Inc./(1)/ 35 57 Network Plus Corp./(1)/ 55 56 Pinnacle Holdings Inc./(1)/ 140 55 I-many Inc./(1)/ 20 46 SignalSoft Corp./(1)/ 10 39 Priceline.com Inc./(1)/ 10 38 ON Semiconductor Corp./(1)/ 18 33 Kana Communications Inc./(1)/ 90 32 Frontline Capital Group Inc./(1)/ 342 31 Tellium Inc./(1)(2)/ 5 25 Peco II Inc./(1)/ 5 24 Millennium Cell Inc./(1)/ 5 19 Divine Inc. "A"/(1)/ 10 6 VerticalNet Inc./(1)/ 15 5 - --------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $36,096,780) 33,313,972 - ---------------------------------------------------------------
Security Principal Value - ---------------------------------------------------------------- SHORT TERM INSTRUMENTS - 2.29% - ---------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $274,451 $ 274,451 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 138,029 138,029 Providian Temp Cash Money Market Fund/(3)/ 350,161 350,161 - ---------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $762,641) 762,641 - ---------------------------------------------------------------- REPURCHASE AGREEMENT - 0.02% - ---------------------------------------------------------------- Investors Bank & Trust Tri-Purchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $7,443 and an effective yield of 2.90%. 7,441 7,441 - ---------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $7,441) 7,441 - ---------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 102.15% (Cost $36,866,862) 34,084,054 - ---------------------------------------------------------------- Other Assets, Less Liabilities -- (2.15%) (716,997) - ---------------------------------------------------------------- NET ASSETS -- 100.00% $33,367,057 ================================================================
(1) Non-income earning securities. (2) Denotes all or part of security on loan. See Note 5. (3) Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 87 iShares Russell 2000 Index Fund Schedule Of Investments September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS - 99.71% - -------------------------------------------------------------------------------- TriQuint Semiconductor Inc./(1)/(2)/ 292,078 $ 4,670,326 New York Community Bancorp 184,672 4,286,226 Sensormatic Electronics Corp./(1)/(2)/ 178,629 4,212,072 Alliant Techsystems Inc./(1)/ 47,803 4,091,937 LifePoint Hospitals Inc./(1)/(2)/ 86,541 3,807,804 Ball Corp. 62,252 3,728,895 Dean Foods Co. 80,524 3,724,235 IndyMac Bancorp Inc./(1)/ 136,128 3,690,430 Dial Corp./(2)/ 213,495 3,533,342 Suiza Foods Corp./(1)/(2)/ 55,578 3,509,195 Coventry Health Care Inc./(1)/ 146,865 3,466,014 AmerUs Group Co. 96,373 3,392,330 Sierra Pacific Resources Corp. 222,755 3,363,601 Renal Care Group Inc./(1)/ 108,953 3,352,484 Citizens Banking Corp. 104,155 3,341,292 Andrew Corp./(1)/ 183,139 3,329,467 StanCorp Financial Group Inc. 68,779 3,328,904 Charles River Laboratories International Inc./(1)/(2)/ 94,036 3,326,053 Colonial BancGroup Inc. 254,575 3,258,560 Doral Financial Corp. 83,838 3,252,914 United Dominion Realty Trust 226,712 3,237,447 Post Properties Inc. 86,697 3,214,725 Peoples Energy Corp. 79,606 3,165,135 BRE Properties Inc. "A" 104,732 3,136,723 Lee Enterprises Inc. 98,551 3,121,110 First American Corp. 153,263 3,103,576 Fisher Scientific InternationalInc./(1)/(2)/ 121,548 3,087,319 Weingarten Realty Investors 63,405 3,081,483 First Midwest Bancorp Inc. 89,665 3,028,884 RGS Energy Group Inc. 77,769 3,009,660 Highwoods Properties Inc. 121,056 2,996,136 Camden Property Trust 80,568 2,989,073 Edwards Lifesciences Corp./(1)/ 132,671 2,971,830 WGL Holdings Inc. 109,260 2,938,001 Novell Inc./(1)/ 798,227 2,921,511 Hudson United Bancorp 104,619 2,902,131 Independence Community Bank Corp. 133,040 2,890,959 Steris Corp./(1)/ 146,835 2,886,776 Bancorp South Inc. 185,712 2,859,965 Hawaiian Electric Industries Inc./(2)/ 72,965 2,845,635 Affiliated Managers Group Inc./(1)/(2)/ 49,858 2,832,433 Fleming Companies Inc.(2) 93,543 2,759,518 Techne Corp./(1)/ 93,210 2,743,170 CBRL Group Inc. 124,455 2,734,276 Commercial Federal Corp. 112,462 2,729,453 Scholastic Corp./(1)/ 62,402 2,714,487 Westamerica Bancorp 75,022 2,704,543 First Industrial Realty Trust 89,056 2,671,680 Philadelphia Suburban Corp. 101,594 2,667,858 Michaels Stores Inc./(1)/ 72,575 2,651,891 National Data Corp./(2)/ 72,464 2,608,704 Province Healthcare Co./(1)/ 70,883 2,604,241 Career Education Corp./(1)/ 46,762 2,571,910 Smith (Charles E) Residential Realty Inc. 49,685 2,558,778 Whitney Holding Corp. 59,366 2,552,738 Donaldson Co. Inc. 88,248 2,543,307 Park National Corp. 26,236 2,538,333 United Bancshares Inc. 92,801 2,505,627 Harsco Corp. 89,663 2,489,045 York International Corp. 86,755 2,484,663 Rayonier Inc. 61,276 2,479,840 Titan Corp. (The)/(1)/(2)/ 126,017 2,469,933 IKON Office Solutions Inc. 319,118 2,463,591 AGL Resources Inc. 123,274 2,461,782 Brown & Brown Inc. 46,822 2,439,426 InterMune Inc./(1)/ 63,613 2,433,197 Respironics Inc./(1)/ 68,213 2,425,654 DQE Inc./(2)/ 125,761 2,419,642 Harman International Industries Inc. 72,064 2,414,144 BorgWarner Inc./(2)/ 59,196 2,385,599 HRPT Properties Trust 292,903 2,384,230 Covance Inc./(1)/ 132,798 2,378,412 Ryder System Inc. 118,671 2,372,233 O'Reilly Automotive Inc./(1)/ 82,775 2,371,504 Roper Industries Inc. 65,844 2,369,726 Liberate Technologies Inc./(1)/ 236,696 2,357,492 Illuminet Holdings Inc.(1) 61,445 2,354,572 Apria Healthcare Group Inc.(1) 90,874 2,353,637 Copart Inc./(1)/ 83,999 2,352,812 Performance Food Group Co./(1)/ 82,448 2,352,241 Healthcare Realty Trust 91,677 2,337,763 Global Payments Inc. 79,044 2,323,894 Jack in the Box Inc./(1)/ 82,984 2,323,552 AptarGroup Inc. 72,967 2,320,351 Tupperware Corp. 116,170 2,316,430 Raymond James Financial Inc. 84,904 2,305,144 Swift Transportation Co. Inc./(1)/(2)/ 130,200 2,304,540 Thomas & Betts Corp. 130,850 2,287,258 Corn Products International Inc. 79,435 2,282,168 Ruby Tuesday Inc. 144,274 2,265,102 KB HOME/(2)/ 79,659 2,263,112 Perot Systems Corp. "A"/(1)/ 138,680 2,239,682 Greater Bay Bancorp/(2)/ 96,218 2,238,993
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Zebra Technologies Corp. "A"/(1)/ 59,608 $ 2,232,916 Beverly Enterprises Inc./(1)/ 218,383 2,227,507 Mid Atlantic Medical Services Inc./(1)/ 105,753 2,220,813 Public Service Company of New Mexico 88,015 2,218,858 Furniture Brands International Inc./(1)/ 113,421 2,209,441 Plexus Corp./(1)/(2)/ 93,690 2,209,210 Applebee's International Inc. 74,859 2,208,340 Centerpoint Properties Corp. 46,243 2,208,103 Kennametal Inc. 68,853 2,197,788 IMC Global Inc. 243,661 2,192,949 Inverness Medical Technology Inc./(1)/ 59,183 2,186,812 GTECH Holdings Corp./(1)/ 63,195 2,182,755 RPM Inc. 229,992 2,173,424 Alamosa Holdings Inc./(1)/ 155,716 2,156,667 CEC Entertainment Inc./(1)/ 62,785 2,140,968 United Stationers Inc./(1)/ 71,618 2,139,230 ArvinMeritor Inc. 149,617 2,138,027 Alexander & Baldwin Inc. 91,314 2,137,661 Commerce Group Inc. 56,215 2,136,170 Piedmont Natural Gas Co. 68,172 2,122,876 THQ Inc./(1)/(2)/ 49,167 2,121,556 Church & Dwight Co. Inc. 82,048 2,120,941 Wiley (John) & Sons Inc. "A" 101,489 2,119,090 Accredo Health Inc./(1)/ 58,140 2,116,296 Graco Inc. 70,033 2,114,997 Pittston Brink's Group 116,496 2,108,578 Ascential Software Corp./(1)/ 636,658 2,100,971 Cytec Industries Inc./(1)/ 90,534 2,095,862 Nationwide Health Properties Inc. 106,315 2,089,090 Perrigo Co./(1)/ 136,771 2,072,081 NVR Inc./(1)/ 14,726 2,069,150 CommScope Inc./(1)/ 115,713 2,067,791 Berkley (W.R.) Corp. 42,729 2,050,992 WPS Resources Corp./(2)/ 59,607 2,050,481 Universal Corporation 61,432 2,049,986 Washington Real Estate Investment Trust 86,205 2,044,783 Cheesecake Factory (The)(1) 85,187 2,040,229 Corporate Executive Board Co. (The)/(1)/ 78,200 2,039,456 Incyte Genomics Inc./(1)/ 149,231 2,038,495 NetIQ Corp./(1)/ 89,432 2,036,367 Shurgard Storage Centers Inc. "A" 67,393 2,031,225 Developers Diversified Realty Corp. 113,010 2,028,529 Diagnostic Products Corp. 48,038 2,028,164 Dole Food Co. 94,726 2,027,136 Sensient Technologies Corp. 108,368 2,018,896 Cooper Tire & Rubber Co. 141,215 2,010,902 CIMA Labs Inc./(1)/(2)/ 33,064 2,008,638 Polaris Industries Partners LP "A" 52,203 2,003,551 Pennzoil-Quaker State Co. 178,522 1,995,876 Cousins Properties Inc. 80,349 1,988,638 Silicon Valley Bancshares/(1)/ 98,321 1,986,084 ONEOK Inc. 119,507 1,979,036 Atmos Energy Corp./(2)/ 91,422 1,974,715 Community First Bankshares Inc. 82,186 1,974,108 Downey Financial Corp. 44,672 1,971,375 Susquehanna Bancshares Inc. 88,399 1,966,878 Electronics For Imaging Inc./(1)/ 120,646 1,964,117 AMETEK Inc. 74,727 1,963,826 Cubist Pharmaceuticals Inc./(1)/ 59,922 1,963,644 Reckson Associates Realty Corp./(2)/ 81,178 1,960,449 Zale Corp./(1)/ 73,886 1,956,501 99 Cents Only Stores/(1)/ 60,250 1,949,087 Alfa Corp. 88,234 1,948,207 Realty Income Corp. 66,974 1,942,246 Tetra Tech Inc./(1)/ 87,861 1,941,728 Dal-Tile International Inc./(1)/ 125,766 1,935,539 NPS Pharmaceuticals Inc./(1)/ 61,892 1,931,030 Cleco Corp. 93,551 1,928,086 Prentiss Properties Trust 70,031 1,925,853 Alpha Industries Inc./(1)/(2)/ 98,974 1,917,126 National Service Industries Inc./(2)/ 92,666 1,913,553 TrustCo Bank Corp. 139,205 1,912,677 Carlisle Companies Inc. 68,081 1,908,310 Idex Corp./(2)/ 68,762 1,901,269 Fair Isaac and Co. Inc. 40,179 1,897,654 Cabot Industrial Trust 92,441 1,895,040 Mueller Industries Inc./(1)/ 66,011 1,894,516 American Greetings Corp. "A"/(2)/ 142,824 1,890,990 Varian Semiconductor Equipment Associates Inc./(1)/ 73,107 1,889,816 Invacare Corp. 46,598 1,887,219 Dillards Inc. "A" 142,086 1,871,273 Pediatrix Medical Group Inc./(1)/ 45,807 1,868,468 Longs Drug Stores Corp. 68,220 1,855,584 Black Box Corp./(1)/(2)/ 44,080 1,854,886 Alpharma Inc. "A"/(2)/ 64,248 1,850,342 Sl Green Realty Corp./(2)/ 58,523 1,844,645 US Freightways Corp. 59,119 1,844,513 American Capital Strategies Ltd. 67,277 1,842,717 Price Communications Corp./(1)/ 108,649 1,841,601 Health Care REIT Inc. 72,849 1,835,795 Cell Therapeutics Inc./(1)/(2)/ 75,790 1,822,749 Federal Signal Corp. 102,620 1,810,217 Coherent Inc./(1)/ 63,709 1,809,336
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Granite Construction Inc. 70,282 $ 1,802,030 Trinity Industries Inc. 83,173 1,800,695 Varian Inc./(1)/ 69,999 1,783,575 Chesapeake Energy Corp./(1)/ 315,538 1,782,790 Federal Realty Investment Trust 80,899 1,779,778 Pier 1 Imports Inc. 213,894 1,775,320 Lancaster Colony Corp. 63,306 1,773,201 Donnelley (R.H.) Corp./(1)/ 67,736 1,769,264 New Jersey Resources Corp. 40,000 1,768,400 Crompton Corp. 254,579 1,764,232 Forest City Enterprises Inc. "A" 36,748 1,763,904 IDEXX Laboratories Inc./(1)/ 75,110 1,755,321 Stillwater Mining Co./(1)/ 87,144 1,753,337 Adaptec Inc./(1)/ 222,991 1,752,709 Vintage Petroleum Inc. 109,746 1,739,474 Pacific Capital Bancorp 59,881 1,734,753 Southwest Bancorp of Texas Inc./(1)/(2)/ 58,299 1,734,395 eFunds Corp./(1)/(2)/ 104,059 1,732,582 Chittenden Corp. 67,924 1,725,270 CV Therapeutics Inc./(1)/(2)/ 44,194 1,717,379 La-Z-Boy Inc. 108,747 1,717,115 Arbitron Inc./(1)/ 65,584 1,715,677 Potlatch Corp. 63,466 1,712,947 ITT Educational Services Inc./(1)/ 53,495 1,711,840 Regis Corp. 81,626 1,710,881 Bruker Daltonics Inc./(1)/(2)/ 102,914 1,708,372 Scios Inc./(1)/(2)/ 102,111 1,707,296 Worthington Industries Inc. 151,721 1,706,861 Neurocrine Biosciences Inc./(1)/ 52,921 1,694,530 Airgas Inc./(1)/ 127,382 1,690,359 Cambrex Corp. 50,269 1,685,520 Flowserve Corp./(1)/(2)/ 85,064 1,680,014 Gables Residential Trust 54,256 1,663,489 Minerals Technologies Inc. 44,013 1,661,051 Jeffries Group Inc. 50,267 1,658,811 UGI Corp. 61,196 1,658,412 Waste Connections Inc./(1)/ 61,132 1,650,564 Microsemi Corp./(1)/ 63,288 1,648,652 First Commonwealth Financial Corp. 131,420 1,636,179 Keane Inc./(1)/ 119,865 1,636,157 Ohio Casualty Corp. 125,820 1,634,402 Interstate Bakeries Corp. 63,685 1,623,968 American Italian Pasta Co. "A"/(1)/ 37,369 1,616,209 Horace Mann Educators Corp. 91,328 1,611,939 Vector Group Ltd./(2)/ 37,711 1,611,779 Pathmark Stores Inc./(1)/ 67,716 1,611,641 Gartner Group Inc. "A"/(1)/ 177,864 1,609,669 Powerwave Technologies Inc./(1)/ 134,586 1,604,265 Edwards (J.D.) & Co./(1)/ 224,967 1,601,765 Wisconsin Central Transportation Corp./(1)/ 93,411 1,595,460 Southern Union Co./(1)/ 75,980 1,590,261 Essex Property Trust Inc. 32,346 1,588,189 US Oncology Inc.(1) 213,090 1,587,521 Sybron Dental Specialties Inc./(1)/ 85,243 1,585,520 Kansas City Southern Industries Inc./(1)/ 132,041 1,584,492 Harleysville Group Inc. 66,010 1,583,580 Commerce One Inc./(1)/ 642,301 1,580,060 Macromedia Inc./(1)/ 130,118 1,575,729 Ilex Oncology Inc./(1)/ 59,560 1,564,046 Lincoln Electric Holding Inc. 70,890 1,560,998 Tom Brown Inc./(1)/ 74,676 1,560,728 Sylvan Learning Systems Inc./(1)/ 68,147 1,560,566 Tecumseh Products Co. "A" 34,257 1,559,721 Petsmart Inc./(1)/ 221,536 1,559,613 Credence Systems Corp./(1)/ 129,311 1,558,198 Mercury Computer Systems Inc./(1)/(2)/ 41,466 1,557,048 Macerich Co. (The) 70,443 1,556,790 Stone Energy Corp./(1)/ 48,308 1,555,518 Otter Tail Power Co. 54,731 1,551,624 Imation Corp./(1)/ 74,234 1,551,491 Footstar Inc./(1)/(2)/ 44,826 1,550,980 RehabCare Group Inc./(1)/ 35,533 1,546,041 Banta Corp. 55,467 1,545,865 Toll Brothers Inc./(1)/ 52,081 1,545,243 Haemonetics Corp./(1)/ 44,629 1,544,610 Owens & Minor Inc. 75,981 1,542,414 KV Pharmaceuticals Co. "B"/(1)/ 52,198 1,534,621 Modine Manufacturing Co. 62,295 1,531,211 Timken Co. 111,584 1,528,701 El Paso Electric Co./(1)/ 116,152 1,527,399 Louisiana-Pacific Corp. 234,933 1,527,065 Kopin Corp./(1)/(2)/ 146,394 1,526,889 Spinnaker Exploration Co./(1)/ 43,138 1,526,222 PSS World Medical Inc./(1)/ 159,896 1,525,408 UMB Financial Corp. 36,746 1,524,959 South Financial Group Inc. (The)/(2)/ 95,965 1,520,086 American Financial Holdings Inc. 61,791 1,516,969 Technitrol Inc. 68,022 1,516,891 Briggs & Stratton Corp./(2)/ 48,550 1,515,245 F.N.B. Corp./(2)/ 57,619 1,506,737 Staten Island Bancorp Inc. 61,087 1,505,795 Linens 'N Things Inc./(1)/ 80,830 1,501,821 Liberty Corp. 37,778 1,501,676 LNR Property Corp. 50,064 1,499,417
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- CH Energy Group Inc. 36,813 $ 1,494,608 Millennium Chemicals Inc. 142,434 1,494,133 Matthews International Corp. "A" 67,620 1,491,697 Avocent Corporation/(1)/ 100,214 1,491,184 VISX Inc./(1)/ 112,255 1,485,134 Summit Properties Inc. 56,489 1,482,836 Ferro Corp./(2)/ 63,867 1,480,437 Veeco Instruments Inc./(1)/ 55,851 1,480,052 Ventas Inc. 136,158 1,477,314 Anixter International Inc./(1)/(2)/ 59,570 1,476,145 Aeroflex Inc./(1)/ 134,063 1,474,693 LTX Corp./(1)/ 108,301 1,473,977 Cooper Companies Inc. 31,418 1,473,504 HNC Software Inc./(1)/ 78,771 1,473,018 Exar Corp./(1)/ 85,047 1,471,313 Blyth Inc. 73,520 1,462,313 Too Inc./(1)/ 69,626 1,461,450 Fuller (H. B.) Co. 31,782 1,455,616 Texas Industries Inc. 47,030 1,453,227 Annaly Mortgage Management Inc. 100,539 1,452,789 Avista Corp. 106,777 1,452,167 Ryland Group Inc. 30,342 1,447,010 Hilb Rogal & Hamilton Co. 31,642 1,443,192 ADVO Inc./(1)/ 42,271 1,437,214 Sonic Corp./(1)/ 47,391 1,436,895 Harland (John H.) Co. 65,537 1,435,260 Pharmaceutical Resources Inc./(1)/(2)/ 39,959 1,428,534 Republic Bancorp Inc. 99,664 1,426,192 Chelsea Property Group Inc. 31,367 1,425,630 International Bancshares Corp. 36,997 1,424,385 Pan Pacific Retail Properties Inc. 53,788 1,417,314 Bob Evans Farms Inc. 78,278 1,415,266 MSC Industrial Direct Co. Inc. "A"/(1)/ 88,624 1,411,780 Energen Corp. 62,718 1,411,155 Superior Industries International Inc. 42,346 1,406,311 Cognex Corp./(1)/ 71,522 1,403,262 Plains Resource Inc./(1)/ 53,968 1,403,168 Syncor International Corp./(1)/ 43,807 1,394,377 LandAmerica Financial Group Inc. 41,794 1,389,651 Southwest Gas Corp. 65,542 1,389,490 Education Management Corp./(1)/ 45,683 1,386,936 Storage USA Inc. 34,810 1,378,476 Flowers Foods Inc./(1)/ 38,020 1,378,225 Transkaryotic Therapies Inc./(1)/(2)/ 50,782 1,378,223 Kilroy Realty Corp. 55,224 1,377,839 Trimeris Inc./(1)/ 39,090 1,372,059 AmeriPath Inc./(1)/ 52,209 1,371,008 Seacor Smit Inc./(1)/ 38,285 1,366,775 Rambus Inc./(1)/(2)/ 185,600 1,366,016 Wallace Computer Services Inc. 85,792 1,364,093 Stewart & Stevenson Services Inc. 56,629 1,363,626 Oshkosh Truck Corp. 37,500 1,358,250 PolyOne Corp. 174,117 1,358,113 Manitowoc Co. Inc. 56,009 1,357,658 Key Energy Services Inc./(1)/ 212,878 1,353,904 American Medical Systems Holdings Inc./(1)/ 70,976 1,353,512 Overseas Shipholding Group Inc./(2)/ 61,478 1,352,516 Chateau Communities Inc. 45,733 1,346,837 Regency Centers Corp. 52,235 1,345,051 Electro Scientific Industries Inc./(1)/ 61,255 1,344,547 AGCO Corp. 148,441 1,343,391 Direct Focus Inc./(1)/(2)/ 67,403 1,341,310 Activision Inc./(1)/(2)/ 49,147 1,337,781 Selective Insurance Group Inc. 57,190 1,334,243 UIL Holdings Corporation 27,957 1,333,269 Florida Rock Industries Inc. 42,157 1,329,632 Owens-Illinois Inc./(1)/ 329,586 1,328,232 Argosy Gaming Co./(1)/ 50,687 1,327,999 Thoratec Labs Corp./(1)/(2)/ 79,996 1,323,134 Cryolife Inc./(1)/ 35,162 1,322,443 Northwest Natural Gas Co. 56,519 1,321,979 Alexandria Real Estate Equities Inc. 33,434 1,318,971 Eclipsys Corp./(1)/(2)/ 98,867 1,314,931 Plantronics Inc./(1)/(2)/ 76,950 1,311,998 Covanta Energy Corporation/(1)/ 112,070 1,308,978 Ralcorp Holdings Inc./(1)/ 67,260 1,308,880 Chemical Financial Corp. 48,181 1,308,114 Regeneron Pharmaceuticals Inc./(1)/ 58,773 1,307,112 Kaydon Corp. 62,377 1,305,551 AMCORE Financial Inc. 57,381 1,303,696 Administaff Inc./(1)/ 49,973 1,299,298 Men's Wearhouse Inc. (The)/(1)/ 71,304 1,289,176 Isis Pharmaceuticals Inc./(1)/(2)/ 75,502 1,287,309 Dreyer's Grand Ice Cream Inc. 44,084 1,280,640 Anchor Gaming/(1)/ 30,806 1,278,449 Choice Hotels International Inc./(1)/ 77,312 1,275,648 La Quinta Properties Inc./(1)/ 289,325 1,273,030 Reliance Steel & Aluminum Co. 53,554 1,272,443 First Financial Bancorp 81,931 1,270,750 Evergreen Resources Inc./(1)/ 37,238 1,264,230 Home Properties of NY Inc. 39,932 1,263,448 NBTY Inc./(1)/ 95,974 1,263,018 UCBH Holdings Inc. 43,255 1,262,181
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Stericycle Inc./(1)/ 30,261 $ 1,261,278 CBL & Associates Properties Inc. 46,167 1,258,051 Delta & Pine Land Co. 74,090 1,258,048 Wolverine World Wide Inc. 93,526 1,256,989 Insight Enterprises Inc./(1)/ 88,512 1,251,560 Stewart Enterprises Inc. "A"/(1)/ 215,594 1,250,445 Cell Genesys Inc./(1)(2)/ 77,784 1,244,544 Impath Inc./(1)/ 36,036 1,243,602 AmSurg Corp./(1)/ 45,026 1,240,466 S&T Bancorp Inc. 52,991 1,239,989 Cabot Oil & Gas Corp. "A" 62,028 1,237,459 Concurrent Computer Corp./(1)/ 135,963 1,234,544 Sun Communities Inc. 33,588 1,231,000 Mentor Corp. 48,651 1,230,870 G&K Services Inc. "A" 46,222 1,227,194 Montana Power Co. 233,479 1,225,765 First BanCorp. 47,379 1,225,221 CAL Dive International Inc./(1)/ 73,246 1,220,278 Wausau-Mosinee Paper Corp. 104,159 1,218,660 Capitol Federal Financial 63,662 1,216,581 East West Bancorp Inc. 51,970 1,215,578 Landstar System Inc./(1)/ 18,991 1,215,424 Bally Total Fitness Holding Corp./(1)(2)/ 59,580 1,210,070 Cerus Corp./(1)/ 25,605 1,209,836 Collins & Aikman Corp./(1)/ 196,694 1,209,668 Advanced Digital Information Corp./(1)/ 117,320 1,209,569 AnnTaylor Stores Corp./(1)/ 55,170 1,209,326 Brandywine Realty Trust 56,585 1,206,958 Claire's Stores Inc. 95,050 1,202,382 Kulicke & Soffa Industries Inc./(1)(2)/ 110,246 1,201,681 Media General Inc. "A" 27,685 1,200,422 Provident Bankshares Corp. 57,948 1,199,524 Brady Corp. "A" 40,155 1,196,619 Scotts Co. (The) "A"/(1)/ 35,053 1,195,307 Atlantic Coast Airlines Holdings Inc./(1)/ 89,517 1,190,576 Alaska Air Group Inc./(1)/ 59,581 1,189,833 Toro Co. 28,195 1,187,010 CLARCOR Inc. 49,658 1,186,826 MAF Bancorp Inc. 41,403 1,186,610 Adolor Corporation/(1)/ 69,939 1,184,067 Western Gas Resources Inc. 45,440 1,182,803 Surmodics Inc./(1)(2)/ 29,455 1,176,727 Hughes Supply Inc. 52,754 1,176,414 Chico's FAS Inc./(1)(2)/ 49,930 1,175,852 Albany Molecular Research Inc./(1)/ 47,344 1,175,552 UICI/(1)/ 86,177 1,174,593 AirGate PCS Inc./(1)(2)/ 26,386 1,172,066 Ryan's Family Steak Houses Inc./(1)/ 68,456 1,171,967 NorthWestern Corp. 53,249 1,171,478 Elantec Semiconductor Inc./(1)/ 50,977 1,169,922 FYI Inc./(1)/ 31,149 1,168,710 Cable Design Technologies Corp./(1)/ 98,616 1,168,600 USEC Inc. 181,038 1,164,074 SBA Communications Corp./(1)/ 87,074 1,162,438 Kronos Inc./(1)/ 28,317 1,162,413 Longview Fibre Co. 114,901 1,160,500 Cymer Inc./(1)/ 68,998 1,155,716 Packard BioScience Company/(1)/ 145,389 1,150,027 Olin Corp. 78,157 1,148,908 First Charter Corp. 70,193 1,147,656 Standard-Pacific Corp. 58,633 1,143,930 Infocus Corp./(1)/ 87,514 1,142,058 Nordson Corp. 52,168 1,139,871 Hollywood Entertainment Corp./(1)/ 96,818 1,137,611 Cornerstone Realty Income Trust 106,276 1,137,153 Teledyne Technologies Inc./(1)/ 71,294 1,137,139 First Citizens Bancshares Inc. "A" 13,635 1,134,296 Pep Boys-Manny Moe & Jack Inc. 102,232 1,129,664 CACI International Inc. "A"/(1)/ 20,652 1,128,838 American Management Systems Inc./(1)/ 93,795 1,126,478 S1 Corp./(1)/ 133,131 1,126,288 Virata Corp./(1)/ 112,628 1,124,027 Florida East Coast Industries Inc. 51,082 1,123,804 Dycom Industries Inc./(1)/ 96,592 1,120,467 FactSet Research Systems Inc. 46,077 1,117,828 Charter Municipal Mortgage Acceptance Corp. 69,962 1,117,293 Yellow Corporation/(1)/ 54,922 1,117,113 BARRA Inc./(1)/ 26,455 1,111,639 Dionex Corp./(1)/ 44,052 1,110,991 GlobeSpan Inc./(1)(2)/ 122,859 1,110,645 Libbey Inc. 34,402 1,109,465 MAXIMUS Inc./(1)(2)/ 27,829 1,105,646 Legato Systems Inc./(1)/ 201,121 1,102,143 Leap Wireless International Inc./(1)(2)/ 69,971 1,098,545 Smucker (J.M) Company (The) 42,612 1,092,998 UCAR International Inc./(1)(2)/ 122,381 1,089,191 Newport Corp./(2)/ 77,057 1,086,504 SonicWALL Inc./(1)/ 91,339 1,085,107 Photronics Inc./(1)/ 58,733 1,083,624 C&D Technologies Inc. 58,830 1,082,472 Interactive Data Corp. 82,431 1,079,846 Terex Corp./(1)/ 60,559 1,078,556 School Specialty Inc./(1)/ 35,234 1,076,751
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Albemarle Corp. 56,947 $ 1,076,298 Frontier Financial Corp. 39,059 1,074,122 Swift Energy Co./(1)/ 51,917 1,070,529 Power Integrations Inc./(1)/ 58,666 1,068,895 Charming Shoppes Inc./(1)/ 217,434 1,067,601 DSP Group Inc./(1)/ 53,367 1,064,672 Interlogix Inc./(1)/ 43,962 1,063,880 IHOP Corp./(1)/ 40,498 1,061,048 Werner Enterprises Inc. 63,406 1,060,148 Casey's General Store Inc. 88,849 1,056,415 Texas Regional Bancshares "A" 30,916 1,056,400 Baldor Electric Co. 53,044 1,052,923 Trust Company of New Jersey (The) 41,844 1,050,284 Ruddick Corp. 68,252 1,044,256 Koger Equity Inc. 60,312 1,043,398 Brooks Automation Inc./(1)(2)/ 39,147 1,040,919 Belden Inc. 55,292 1,039,490 Waypoint Financial Corp. 78,562 1,039,375 M.D.C. Holdings Inc. 37,424 1,037,393 Maxygen Inc./(1)/ 65,378 1,036,078 General Communication Inc. "A"/(1)/ 85,580 1,035,518 Airborne Inc. 108,184 1,033,157 Paxar Corp./(1)/ 80,790 1,030,073 ABM Industries Inc. 39,878 1,029,251 Arch Chemicals Inc. 45,341 1,029,241 Aztar Corp./(1)/ 78,520 1,027,042 Kimball International Inc. "B" 78,032 1,026,901 Thornbury Mortgage Inc. 61,737 1,022,982 Laclede Gas Co. 42,493 1,019,832 Immunomedics Inc./(1)/ 84,607 1,012,746 Sunrise Assisted Living Inc./(1)(2)/ 39,155 1,011,374 Hot Topic Inc./(1)(2)/ 40,266 1,010,677 Neose Technologies Inc./(1)/ 26,178 1,010,471 Tucker Anthony Sutro Corporation 42,368 1,010,053 FirstFed Financial Corp./(1)/ 38,805 1,008,930 Hutchinson Technology Inc./(1)/ 56,631 1,008,032 CVB Financial Corp. 46,876 1,007,834 Viropharma Inc./(1)(2)/ 39,845 1,006,883 InterCept Group Inc. (The)/(1)/ 30,055 1,005,340 Datascope Corp. 25,924 1,005,333 Frontier Oil Corp. 58,502 1,003,309 Intergraph Corp./(1)/ 111,984 1,002,257 Harmonic Inc./(1)(2)/ 123,545 1,000,714 ProQuest Company/(1)/ 30,404 1,000,292 Flir Systems Inc./(1)/ 24,364 999,655 Newpark Resources Inc./(1)/ 147,636 996,543 Westport Resources Corp./(1)/ 67,732 995,660 St. Mary Land & Exploration Co. 62,485 995,386 Delphi Financial Group Inc. "A" 29,336 991,557 Rogers Corp./(1)/ 35,188 989,135 Journal Register Co./(1)/ 59,790 986,535 Bay View Capital Corp./(1)/ 140,668 984,676 UniSource Energy Corp. 70,322 984,508 Patina Oil & Gas Corp. 42,790 984,170 Duramed Pharmaceuticals Inc./(1)(2)/ 48,577 983,198 Gaylord Entertainment Co. "A"/(1)/ 48,808 981,041 Sterling Bancshares Inc. 74,199 980,911 Christopher & Banks Corp./(1)(2)/ 32,531 979,508 Terayon Communications Systems Inc./(1)/ 137,373 979,469 Bio-Technology General Corp./(1)/ 130,579 976,731 Boyds Collection Ltd. (The)/(1)/ 118,327 976,198 Vesta Insurance Group 74,431 975,046 Crawford & Co. "B" 78,080 972,096 Colonial Properties Trust 32,889 971,870 Hyperion Solutions Corp./(1)/ 72,563 969,442 Corixa Corp./(1)(2)/ 92,314 969,214 Carpenter Technology Corp. 43,396 965,561 Manufactured Home Communities Inc. 31,726 965,105 Woodward Governor Co. 19,893 963,816 Zoran Corp./(1)/ 39,783 963,544 Atrix Laboratories Inc./(1)/ 40,942 962,129 Hain Celestial Group Inc./(1)/ 52,086 958,903 DMC Stratex Networks Inc./(1)/ 184,388 951,442 Arrow International Inc. 25,503 951,262 Tesoro Petroleum Corp./(1)/ 79,777 949,346 ATMI Inc./(1)/ 61,346 947,796 CTS Corp. 64,076 946,403 CUNO Inc./(1)/ 34,101 946,303 DRS Technologies Inc./(1)/ 27,230 946,242 Kellwood Co. 51,098 945,313 Cathay Bancorp Inc. 17,537 945,069 Kirby Corp./(1)/ 41,990 944,775 Metro One Telecommunications Inc./(1)(2)/ 40,714 944,565 SCP Pool Corp./(1)/ 44,191 943,478 Astropower Inc./(1)(2)/ 27,264 940,881 Conmed Corp./(1)/ 53,017 938,401 Beazer Homes USA Inc./(1)(2)/ 19,258 935,939 Elcor Corp./(2)/ 43,272 931,646 Unifi Inc./(1)/ 113,382 929,732 Jones Lang LaSalle Inc./(1)/ 67,712 927,654 Coinstar Inc./(1)/ 46,966 926,170 National Penn Bancshares Inc. 39,266 922,751 InterDigital Communications Corp./(1)/ 125,079 916,829 CORUS Bankshares Inc. 20,366 915,452
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Noven Pharmaceuticals Inc./(1)/ 50,460 $ 913,326 Progress Software Corp./(1)/ 65,264 913,043 Arnold Industries Inc. 44,014 911,090 Commercial Net Lease Realty Inc. 68,727 910,633 Glimcher Realty Trust 56,162 908,701 Insituform Technologies Inc. "A"/(1)/ 53,296 908,697 Borland Software Corp./(1)(2)/ 112,174 908,609 ADTRAN Inc./(1)/ 47,552 908,243 FelCor Lodging Trust Inc./(2)/ 67,435 907,001 Commonwealth Telephone Enterprises Inc./(1)(2)/ 24,678 906,916 Littelfuse Inc./(1)/ 40,935 905,892 Madison Gas & Electric Co. 35,899 902,860 Actel Corp./(1)/ 50,797 902,155 Integra Bank Corp. 39,150 900,450 Grey Global Group Inc. 1,628 900,284 Lennox International Inc. 96,569 898,092 Meristar Hospitality Corp. 85,084 897,636 Carter-Wallace Inc. 43,934 897,572 Pacific Sunwear of California Inc./(1)/ 65,184 896,280 FuelCell Energy Inc./(1)(2)/ 60,046 889,281 Exelixis Inc./(1)/ 77,417 887,199 Simpson Manufacturing Co. Inc./(1)/ 16,737 887,061 Presidential Life Corp. 48,784 886,893 Prime Hospitality Corp./(1)/ 100,516 884,541 Harbor Florida Bancshares Inc. 49,479 884,190 Harleysville National Corp. 41,116 883,994 Cost Plus Inc./(1)/ 48,146 883,961 Arthocare Corp./(1)(2)/ 45,034 882,666 Chesapeake Corp. 34,041 879,960 IDT Corp./(1)/ 76,335 877,852 Bio-Rad Laboratories Inc. "A"/(1)/ 18,657 876,879 Georgia Gulf Corp. 54,416 874,465 Priceline.com Inc./(1)/ 230,428 873,322 WesBanco Inc./(2)/ 40,562 872,083 Mine Safety Appliances Co. 19,355 870,975 Western Digital Corp./(1)/ 398,869 865,546 United National Bancorp 33,928 865,164 Ionics Inc./(1)/ 39,104 864,589 JLG Industries Inc. 94,346 864,209 Information Holdings Inc./(1)/ 43,733 858,916 Papa John's International Inc./(1)(2)/ 32,964 858,712 Sandy Spring Bancorp Inc. 21,614 857,860 Mills Corp. 40,099 857,317 W Holding Co. Inc. 61,208 856,912 WebEx Communications Inc./(1)(2)/ 40,331 856,630 California Water Service Group 31,696 855,792 Trimble Navigation Ltd./(1)/ 55,905 852,551 Spherion Corporation/(1)/ 118,194 850,997 Symyx Technologies Inc./(1)/ 57,612 849,777 Edison Schools Inc./(1)(2)/ 56,202 848,650 Getty Images Inc./(1)/ 76,725 846,277 Crestline Capital Corp./(1)/ 29,942 845,861 American States Water Co. 22,631 837,347 Input/Output Inc./(1)/ 102,334 837,092 Mid-State Bancshares 49,007 836,549 ANADIGICS Inc./(1)/ 68,220 832,284 Triumph Group Inc./(1)/ 35,656 830,785 Enzo Biochem Inc./(1)(2)/ 48,901 829,361 Ligand Pharmaceuticals Inc. "B"/(1)/ 90,283 828,798 Seacoast Financial Services Corp. 55,725 828,631 Nash Finch Co. 24,257 827,164 Taubman Centers Inc. 66,082 826,025 Mid-America Apartment Communities Inc. 31,727 824,902 Fleetwood Enterprises Inc./(2)/ 73,706 824,033 Helix Technology Corp. 50,700 823,368 MKS Instruments Inc./(1)/ 46,363 822,943 Modis Professional Services Inc./(1)/ 205,619 822,476 Schuler Homes Inc./(1)/ 67,615 821,522 Oak Technology Inc./(1)/ 105,172 820,342 Pulitzer Inc. 18,516 819,888 Profit Recovery Group International Inc. (The)/(1)(2)/ 83,811 819,672 Apogee Enterprises Inc. 63,537 819,627 Forward Air Corp./(1)/ 34,629 815,167 Empire District Electric Co. (The) 39,637 814,540 Arkansas Best Corp./(1)/ 39,236 812,578 InfoSpace Inc./(1)/ 548,757 812,160 Topps Co. (The)/(1)/ 84,583 811,997 South Jersey Industries 26,481 811,643 Park Electrochemical Corp. 37,279 810,818 NACCO Industries Inc. 14,543 810,772 Glenborough Realty Trust Inc. 43,654 809,345 Group 1 Automotive Inc./(1)/ 30,303 804,545 Hooper Holmes Inc. 128,637 802,695 Genesco Inc./(1)(2)/ 49,394 802,652 Oceaneering International Inc./(1)/ 49,612 802,226 FileNET Corp./(1)/ 79,603 801,602 UbiquiTel Inc./(1)/ 99,237 800,843 GenCorp. Inc. 70,542 799,946 REMEC Inc./(1)/ 100,584 797,631 Silicon Storage Technology Inc./(1)/ 171,998 796,351 Argonaut Group Inc. 48,558 795,866 Tularik Inc./(1)/ 43,102 793,939
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- NBT Bancorp Inc. 55,462 $ 793,107 Schweitzer-Mauduit International Inc. 33,408 792,438 Integrated Circuit Systems Inc./(1)/ 61,838 790,290 Read-Rite Corp./(1)/ 267,817 790,060 Dime Community Bancshares 31,202 790,035 Gene Logic Inc./(1)/ 59,978 789,310 PacifiCare Health Systems Inc. "A"/(1)(2)/ 62,633 788,549 BOK Financial Corp./(1)/ 26,099 787,929 NYFIX Inc./(1)/ 54,871 784,655 Immunogen Inc./(1)(2)/ 86,674 784,400 Barnes Group Inc. 36,824 784,351 JDN Realty Corp. 73,901 783,351 Regal-Beloit Corp. 42,896 782,852 Tanox Inc./(1)(2)/ 52,995 782,736 Eastgroup Properties Inc. 35,716 782,180 WMS Industries Inc./(1)/ 44,649 780,911 Handleman Co./(1)/ 55,739 780,346 Genlyte Group Inc. (The)/(1)/ 26,816 777,664 Anaren Microwave Inc./(1)/ 47,380 774,663 Promistar Financial Corp. 33,649 774,600 Sola International Inc./(1)/ 50,780 769,825 On Assignment Inc./(1)/ 47,828 769,074 Anthracite Capital Inc. 73,865 768,196 EMCOR Group Inc./(1)/ 24,076 768,024 General Semiconductor Inc./(1)/ 79,992 767,923 Heartland Express Inc./(1)/ 33,392 767,682 Ocular Sciences Inc./(1)/ 37,883 767,131 Sangstat Medical Corp./(1)/ 41,541 765,601 Three-Five Systems Inc./(1)(2)/ 48,007 765,232 IGEN International Inc./(1)(2)/ 27,803 765,139 Philadelphia Consolidated Holding Co./(1)/ 22,016 764,836 Panera Bread Co. "A"/(1)/ 21,846 764,392 ProAssurance Corp./(1)/ 51,274 763,983 Mobile Mini Inc./(1)/ 29,363 762,263 Sovran Self Storage Inc. 27,587 761,401 Offshore Logistics Inc./(1)/ 39,612 760,154 Nu Skin Enterprises Inc. "A" 97,234 758,425 Bowne & Co. Inc. 74,484 756,013 Gentiva Health Services Inc./(1)/ 41,630 749,756 Champion Enterprises Inc./(1)/ 107,841 749,495 Rare Hospitality International Inc./(1)/ 48,191 748,888 FEI Co./(1)/ 34,243 744,785 Corrections Corp. of America/(1)(2)/ 56,496 743,487 Serologicals Corp./(1)/ 41,051 743,434 Midway Games Inc./(1)(2)/ 61,362 743,094 Iomega Corp./(1)/ 608,244 742,058 IRT Property Co. 68,505 739,854 P.F. Chang's China Bistro Inc./(1)(2)/ 20,565 738,695 Esterline Technologies Corp./(1)/ 46,569 738,119 Integra LifeSciences Holdings Corporation/(1)(2)/ 26,633 735,603 Thomas Industries Inc. 34,117 735,221 Veritas DGC Inc./(1)/ 65,826 733,960 Capital Automotive REIT 41,654 733,943 OfficeMax Inc./(1)/ 240,199 732,607 Lands' End Inc./(1)(2)/ 25,343 732,413 Monaco Coach Corp./(1)/ 51,360 731,880 Itron Inc./(1)(2)/ 31,743 730,724 DDi Corp./(1)/ 93,187 730,586 Benchmark Electronics Inc./(1)(2)/ 44,193 730,068 Griffon Corporation/(1)/ 59,706 728,413 Gardner Denver Inc./(1)/ 32,808 728,338 WD-40 Company 35,400 727,470 General Cable Corp. 73,851 727,432 Checkpoint Systems Inc./(1)(2)/ 66,393 725,675 Kelly Services Inc. "A" 35,836 723,887 Armor Holdings Inc./(1)(2)/ 36,475 722,205 Station Casinos Inc./(1)(2)/ 85,896 721,526 Vicor Corp./(1)(2)/ 50,998 719,582 Unit Corp./(1)/ 81,029 719,538 Anchor BanCorp Wisconsin Inc. 43,324 719,178 Asyst Technologies Inc./(1)(2)/ 79,393 718,507 First Financial Bankshares Inc. 24,313 717,963 Russell Corp. 52,291 717,955 AsiaInfo Holdings Inc./(1)(2)/ 60,382 717,942 Tennant Co. 20,417 714,595 PFF Bancorp Inc. 25,976 714,340 Commercial Metals Co. 25,685 714,043 Sonic Automotive Inc./(1)/ 52,373 712,273 Intermagnetics General Corp./(1)/ 30,589 711,500 Zoll Medical Corp./(1)(2)/ 19,944 710,006 AMLI Residential Properties Trust 30,057 709,345 Lance Inc. 53,404 708,671 Amylin Pharmaceuticals Inc./(1)(2)/ 127,617 705,722 Computer Network Technology Corp./(1)/ 66,866 703,430 Inktomi Corp./(1)/ 256,635 703,180 Rayovac Corp./(1)(2)/ 46,072 702,598 EGL Inc./(1)/ 79,113 701,732 Fremont General Corp. 128,497 701,594 FreeMarkets Inc./(1)(2)/ 66,216 700,565 Wellman Inc. 60,399 697,608 InterVoice-Brite Inc./(1)/ 67,162 697,142 Engineered Support Systems Inc. 14,801 697,127 Numerical Technologies Inc./(1)(2)/ 41,962 696,569
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Bandag Inc. 25,461 $ 696,358 Hancock Holding Co. 17,158 696,272 PS Business Parks Inc. 25,131 696,129 Documentum Inc./(1)/ 84,996 696,117 Korn/Ferry International/(1)/ 84,369 696,044 Franklin Electric Co. Inc. 9,667 696,024 Micros Systems Inc./(1)/ 39,166 695,980 Dress Barn Inc./(1)/ 31,190 695,537 Entegris Inc./(1)/ 87,895 694,370 Quanex Corp. 30,054 694,247 Lone Star Technologies Inc./(1)/ 55,975 694,090 First Sentinel Bancorp Inc. 58,838 692,523 Advanced Energy Industries Inc.//(1)/(2)/ 41,624 692,207 First Financial Holdings Inc. 30,147 691,874 Maverick Tube Corp./(1)/ 76,326 691,514 Sapient Corp./(1)/ 179,403 690,702 US Unwired Inc. "A"/(1)/ 68,289 689,719 Cohu Inc. 45,981 687,876 Aspen Technology Inc./(1)/ 68,783 687,830 Palm Harbor Homes Inc./(1)/ 36,697 686,234 Hudson River Bancorp Inc. 34,294 686,223 Cyberonics Inc./(1)/ 43,506 685,655 ESS Technology Inc./(1)/ 67,089 685,650 Bedford Property Investors Inc. 33,729 682,675 Intrado Inc.//(1)/(2)/ 26,582 682,094 Andover Bancorp Inc. 13,350 681,384 Ciber Inc./(1)/ 107,915 679,864 MSC.Software Corp./(1)/ 42,113 678,019 Seachange International Inc./(1)(2)/ 38,805 677,923 Pegasus Communications Corp./(1)(2)/ 96,709 676,963 Independent Bank Corp.(MI) 25,919 676,486 Alabama National Bancorp 20,495 676,335 Valuevision International Inc. "A"/(1)/ 52,254 674,077 Circuit City Stores Inc. - CarMax Group/(1)/ 59,917 674,066 Photon Dynamics Inc./(1)/ 29,094 673,526 Schulman (A.) Inc. 65,631 672,718 Biosite Diagnostics Inc./(1)(2)/ 27,761 672,094 Southwestern Energy Company/(1)/ 56,700 671,895 Duane Reade Inc./(1)(2)/ 22,372 671,160 PMA Capital Corp. "A" 37,248 670,464 Robert Mondavi Corp. (The) "A"/(1)/ 18,815 669,814 URS Corp./(1)/ 29,078 668,794 Digital Insight Corp./(1)/ 58,133 668,529 Kaman Corp. "A" 50,482 668,382 Greif Brothers Corp. "A" 29,077 666,445 Pericom Semiconductor Corp./(1)/ 47,889 665,657 Nautica Enterprises Inc./(1)/ 56,051 663,644 Applied Industrial Technologies Inc. 39,221 662,443 International Multifoods Corp. 34,664 662,082 Emisphere Technologies Inc./(1)(2)/ 34,629 661,414 W-H Energy Services Inc./(1)/ 47,014 661,017 Verity Inc./(1)/ 65,427 660,813 Molecular Devices Corp./(1)/ 35,449 660,769 Fred's Inc. 25,197 660,161 SPS Technologies Inc./(1)/ 21,782 658,688 Echelon Corp./(1)(2)/ 52,607 656,535 Cadiz Inc./(1)/ 76,129 652,426 Bright Horizons Family Solutions Inc./(1)/ 24,102 650,754 Biopure Corp./(1)(2)/ 35,060 650,363 Boca Resorts Inc. "A"/(1)/ 65,312 649,854 F&M Bancorp 24,781 649,262 Roadway Express Inc. 26,831 646,359 Universal Health Realty Inc. 26,166 646,300 Pharmacyclics Inc./(1)(2)/ 36,257 645,375 Pharmacopeia Inc./(1)/ 49,746 644,708 O'Charley's Inc./(1)/ 37,491 642,971 Community Bank System Inc. 23,243 639,182 First Horizon Pharmaceutical Corp./(1)/ 24,359 634,065 Wet Seal Inc. "A"/(1)/ 34,432 633,893 Teletech Holdings Inc./(1)/ 81,033 632,868 NUI Corp. 30,953 632,370 Student Loan Corp. 8,965 632,033 MGI Pharma Inc./(1)/ 47,245 631,666 Pacific Northwest Bancorp 31,006 630,972 Town & Country Trust 31,799 629,620 Ryerson Tull Inc. 50,165 629,571 Parexel International Corp./(1)/ 55,445 628,746 Moog Inc. "A"/(1)/ 27,808 627,615 National Health Investors Inc./(1)(2)/ 46,645 627,375 Systems & Computer Technology Corp./(1)/ 69,613 626,517 Pennsylvania Real Estate Investment Trust 29,441 625,621 Spartech Corp. 30,234 625,239 BankUnited Financial Corp. "A"/(1)/ 42,550 624,208 1st Source Corp. 29,007 623,651 Agile Software Corp./(1)/ 68,585 623,438 Great Atlantic & Pacific Tea Co. 43,413 621,240 Martek Biosciences Corp./(1)(2)/ 34,132 621,202 Secure Computing Corp./(1)/ 63,564 619,113 Pixelworks Inc./(1)/ 49,135 619,101 Walter Industries Inc. 69,120 618,624 Heidrick & Struggles International Inc./(1)(2)/ 43,330 618,319 First Financial Corp. 15,470 617,562
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Magnum Hunter Resources Inc./(1)/ 65,020 $ 617,040 Theragenics Corp./(1)/ 66,757 616,835 FTI Consulting Inc./(1)/ 20,949 615,901 Magellan Health Services Inc./(1)/ 53,684 615,755 Parkway Properties Inc. 18,899 614,218 Winnebago Industries Inc. 28,614 613,770 Crown Cork & Seal Co. Inc. 267,908 613,509 Triarc Companies Inc./(1)/ 26,541 613,097 Tower Automotive Inc./(1)/ 85,496 613,006 Farmer Mac/(1)/ 18,340 612,189 Digene Corp./(1)/ 24,487 612,175 Alexion Pharmaceuticals Inc./(1)/ 35,910 611,188 Landauer Inc. 17,987 610,659 Avigen Inc.//(1)/(2)/ 44,505 610,164 MacDermid Inc. 47,883 610,029 Ivex Packaging Corp./(1)/ 35,774 609,947 Stellent Inc./(1)(2)/ 42,349 609,826 RLI Corp. 14,859 609,219 Playtex Products Inc./(1)/ 59,981 608,807 Charlotte Russe Holding Inc./(1)/ 46,683 606,412 Quiksilver Inc./(1)/ 48,990 605,027 Tredegar Corporation 35,559 604,503 Ixia/(1)/ 95,162 604,279 ESCO Technologies Inc./(1)/ 24,264 604,174 Analogic Corp. 14,804 599,562 Wabtec Corporation 54,891 598,312 Parker Drilling Co./(1)/ 194,154 597,994 OraSure Technologies Inc./(1)/ 58,267 597,237 JDA Software Group Inc./(1)/ 45,409 596,674 RailAmerica Inc./(1)(2)/ 47,727 596,588 Corinthian Colleges Inc./(1)/ 17,693 596,431 Equity Inns Inc. 82,872 595,850 Pre-Paid Legal Services Inc./(1)(2)/ 34,561 595,832 Picturetel Corp./(1)/ 99,614 595,692 Ocwen Financial Corp./(1)/ 82,609 595,611 Electroglas Inc./(1)/ 47,756 594,562 DiamondCluster International Inc. "A"/(1)/ 60,261 593,571 Proxim Inc./(1)/ 60,834 593,132 Action Performance Companies Inc./(1)(2)/ 32,561 592,936 Speedway Motorsports Inc./(1)/ 29,819 592,802 Glacier Bancorp Inc./(2)/ 31,148 591,812 Tweeter Home Entertainment Group Inc./(1)/ 43,334 591,076 Electronics Boutique Holdings Corp./(1)/ 21,921 590,771 E.piphany Inc./(1)(2)/ 138,899 590,321 Spanish Broadcasting System Inc. "A"/(1)/ 83,225 590,065 Curtiss Wright Corp. 12,654 589,676 Microtune Inc./(1)/ 51,612 588,377 INAMED Corp./(1)/ 34,610 588,370 Stride Rite Corp. 94,058 587,863 Suffolk Bancorp 13,359 587,128 Berry Petroleum Co. "A" 37,996 587,038 RFS Hotel Investors Inc. 56,714 586,990 Transwitch Corp./(1)/ 191,714 586,645 Dianon Systems Inc./(1)/ 11,674 586,035 Farmers Capital Bank Corp. 15,637 585,137 ANSYS Inc./(1)/ 32,754 584,659 Strayer Education Inc. 13,099 584,215 Semco Energy Inc./(2)/ 40,694 583,959 American HealthCorp. Inc./(1)/ 16,541 583,070 MedQuist Inc./(1)/ 23,178 582,927 First Merchants Corp. 25,325 582,475 Financial Federal Corp./(1)(2)/ 23,754 581,973 Headwaters Inc./(1)/ 52,787 580,657 Lexicon Genetics Inc./(1)/ 76,292 579,819 Oshkosh B'gosh Inc. "A" 22,275 579,150 Superior Energy Services Inc./(1)/ 98,136 579,002 Grey Wolf Inc./(1)/ 321,035 577,863 Lightbridge Inc./(1)/ 56,342 577,506 ProBusiness Services Inc./(1)/ 38,990 576,662 FSI International Inc./(1)/ 57,890 576,584 Yankee Candle Co. Inc. (The)/(1)(2)/ 33,713 576,492 Scansource Inc./(1)/ 12,846 575,372 Renaissance Learning Inc./(1)/ 17,459 574,576 Omega Financial Corp. 18,513 574,273 Chemed Corp. 19,940 574,272 Roxio Inc./(1)/ 37,766 574,043 Area Bancshares Corp. 33,720 573,240 Methode Electronics Inc. "A" 75,850 572,668 MIPS Technologies Inc. "A"/(1)(2)/ 87,279 571,677 Simmons First National Corp. "A" 16,004 571,663 First Community Bancshares Inc. 18,078 571,265 Airtran Holdings Inc./(1)/ 134,717 571,200 Local Financial Corporation/(1)/ 42,632 569,990 ABIOMED Inc./(1)(2)/ 32,601 569,539 Calgon Carbon Corp. 74,702 568,482 Burlington Coat Factory Warehouse Corp. 40,053 564,747 Deltic Timber Corp. 22,322 564,747 NCO Group Inc./(1)/ 41,129 562,645 Identix Inc./(1)(2)/ 69,038 561,969 Pioneer-Standard Electronics Inc. 62,157 560,656 Wilson Greatbatch Technologies Inc./(1)/ 19,110 559,923 Entertainment Properties Trust 33,124 559,796 Tompkins County Trustco Inc. 14,714 559,132
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- JP Realty Inc. 24,977 $ 558,236 U.S. Restaurant Properties Inc./(2)/ 40,296 558,100 Steel Dynamics Inc./(1)/ 56,426 558,053 Connecticut Bankshares Inc. 25,244 557,892 Ventana Medical Systems Inc./(1)(2)/ 27,238 556,745 Viasat Inc./(1)/ 31,207 556,733 Omnova Solutions Inc. 89,033 556,456 TALX Corp. 26,096 555,851 Jakks Pacific Inc./(1)(2)/ 41,146 555,471 Texas Biotech Corp./(1)/ 98,132 554,446 Bank of Granite Corp. 24,960 554,362 Universal American Financial Corp./(1)/ 99,866 554,256 West Pharmaceutical Services Inc. 22,509 553,721 Russ Berrie & Co. Inc. 20,741 551,711 Ultratech Stepper Inc./(1)/ 45,887 549,267 GBC Bancorp 17,562 548,286 Tollgrade Communications Inc./(1)/ 28,539 547,949 First Republic Bank/(1)/ 23,826 546,807 Community Trust Bancorp Inc. 22,859 546,330 Dobson Communications Corp. "A"/(1)/ 52,768 546,149 Triad Guaranty Inc./(1)/ 15,618 545,849 Universal Compression Holdings Inc./(1)/ 24,226 545,085 Houston Exploration Co./(1)/ 21,920 543,616 Manhattan Associates Inc./(1)/ 32,049 543,551 Encompass Service Corp./(1)/ 143,667 543,061 Sotheby's Holdings Inc. "A"/(1)/ 45,243 542,464 GoTo.com Inc./(1)/ 43,712 542,029 Take-Two Interactive Software Inc./(1)(2)/ 76,628 541,760 Stewart Information Services Corp./(1)/ 27,772 541,554 BankAtlantic Bancorp Inc. "A" 53,584 541,198 Central Parking Corp./(2)/ 38,652 540,741 MTS Systems Corp. 46,939 539,799 Sterling Financial Corp.(WA) 25,256 539,216 Boston Private Financial Holdings Inc. 27,633 539,120 Caraustar Industries Inc. 58,255 538,276 Pemstar Inc./(1)/ 46,805 538,258 EDO Corp./(2)/ 18,715 538,056 Atwood Oceanics Inc./(1)/ 20,694 538,044 CFS Bancorp Inc. 36,137 537,357 Dimon Inc. 93,423 537,182 Cascade Natural Gas Corp. 24,860 536,976 Learning Tree International Inc./(1)/ 26,365 535,210 PLATO Learning Inc./(1)/ 22,142 534,508 Diversa Corp./(1)/ 56,851 534,399 Genuity Inc./(1)/ 340,166 534,061 Per-Se Technologies Inc./(1)/ 67,250 533,965 Intertan Inc./(1)/ 67,899 533,007 California Pizza Kitchen Inc./(1)/ 33,604 532,287 Spartan Stores Inc./(1)/ 43,503 530,737 AMERCO/(1)/ 29,157 530,074 Rudolph Technologies Inc./(1)/ 21,471 529,475 Kramont Realty Trust 42,356 529,026 NABI Inc./(1)/ 85,584 528,909 LSI Industries Inc. 21,138 528,450 Frontier Airlines Inc./(1)/ 63,817 528,405 Southwest Securities Group Inc./(2)/ 30,649 526,550 Ameron Inc. 8,171 526,539 Albany International Corp. "A"/(1)(2)/ 35,191 526,457 Gold Bancorp Inc. 67,480 525,669 PRI Automation Inc./(1)(2)/ 52,380 524,848 Phoenix Technologies Ltd./(1)/ 52,296 524,529 Dendrite International Inc./(1)/ 66,045 524,397 ICU Medical Inc./(1)/ 13,109 524,360 American Physicians Capital Inc./(1)/ 25,210 523,612 City Bank 21,389 523,175 MRV Communications Inc./(1)/ 173,991 521,973 Wintrust Financial Corp. 16,753 520,181 Sterling Bancorp 18,068 519,455 Penwest Pharmaceuticals Co./(1)/ 30,126 519,071 Transaction Systems Architects Inc. "A"/(1)/ 82,524 518,251 Lexington Corp. Properties Trust 35,344 517,790 CPB Inc. 16,362 517,203 Capstead Mortgage Corp. 19,678 517,138 Impax Laboratories Inc./(1)/ 39,487 516,885 Trammell Crow Co./(1)/ 51,589 515,890 Range Resources Corp./(1)/ 108,505 515,399 CoStar Group Inc./(1)/ 28,669 515,182 Landry's Seafood Restaurants Inc. 34,797 514,996 Brush Engineered Materials 37,336 513,370 Advanced Tissue Sciences Inc./(1)/ 144,461 512,837 Integrated Silicon Solution Inc./(1)/ 59,624 512,170 Paxson Communications Corp./(1)/ 70,915 510,588 CT Communications Inc. 34,905 509,613 Spectralink Corp./(1)/ 33,551 509,304 First Federal Capital Corp. 34,073 507,688 Phillips-Van Heusen Corporation 51,095 505,841 Universal Forest Products Inc. 26,553 505,038 Rollins Inc. 32,450 504,598 Dollar Thrifty Automotive Group Inc./(1)/ 50,696 504,425 United Community Financial Corp. 71,457 503,772 Shopko Stores Inc./(1)/ 60,650 502,789 7-Eleven Inc./(1)/ 52,102 502,784 Endocare Inc./(1)/ 28,545 500,965 Washington Trust Bancorp Inc. 27,075 500,888
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Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Penn Virginia Corp. 17,743 $ 499,465 Oriental Financial Group Inc. 24,709 497,886 C-COR.net Corp./(1)/ 72,680 497,858 Allen Telecom Inc./(1)/ 57,224 497,849 Stratos Lightwave Inc./(1)(2)/ 144,221 497,562 Watsco Inc. 37,995 497,355 North Pittsburgh Systems Inc. 33,718 497,003 Forrester Research Inc./(1)/ 29,851 495,825 Arctic Cat Inc. 36,771 495,673 West Coast Bancorp 36,647 494,735 Mississippi Valley Bancshares Inc. 13,007 494,266 First Place Financial Corp. 34,591 493,959 MidAmerica Bancorp 19,671 493,742 Steak n Shake Company (The)/(1)/ 49,673 491,763 ChemFirst Inc. 24,348 491,343 Net.B@nk Inc./(1)/ 58,585 490,356 Luminex Corp./(1)(2)/ 35,916 490,253 Shuffle Master Inc./(1)/ 38,778 488,991 Young Broadcasting Corp. "A"/(1)/ 33,666 488,157 National Western Life Insurance Company "A"/(1)/ 4,820 487,302 Aaron Rents Inc. "B" 31,332 485,646 Remington Oil & Gas Corp./(1)/ 36,987 484,160 CCBT Financial Companies Inc. 19,348 484,087 Prima Energy Corp./(1)/ 21,820 483,313 Kansas City Life Insurance Co. 13,780 482,300 Cytogen Corp./(1)/ 178,492 481,928 Pure Resources Inc./(1)/ 30,197 481,642 Fisher Communications Inc. 9,185 477,620 Genta Inc./(1)(2)/ 46,093 477,063 Akamai Technologies Inc./(1)/ 163,663 476,259 BioMarin Pharmaceutical Inc./(1)/ 48,825 476,044 Buckeye Technologies Inc./(1)/ 48,026 475,457 Planar Systems Inc./(1)/ 23,633 475,260 Universal Electronics Inc./(1)/ 31,496 474,960 Sonosite Inc./(1)(2)/ 23,268 474,667 Guilford Pharmaceuticals Inc./(1)/ 55,099 474,402 Hickory Tech Corp. 29,104 474,395 Fidelity Bankshares Inc. 35,461 473,404 Tetra Technologies Inc./(1)/ 27,160 473,127 Cato Corp. "A" 31,611 472,901 Energy Conversion Devices Inc./(1)/ 28,609 470,332 Marcus Corp. 39,179 470,148 Connecticut Water Service Inc. 17,005 469,489 Safeguard Scientifics Inc./(1)/ 264,490 468,147 Innkeepers USA Trust/(2)/ 51,961 467,649 CoorsTek Inc./(1)/ 18,690 467,063 CNA Surety Corp. 34,410 466,255 Pilgrim's Pride Corp. "B" 33,727 465,433 DVI Inc./(1)/ 27,366 464,948 Alliance Gaming Corp./(1)(2)/ 32,738 464,880 Advanta Corp. "A" 49,447 464,802 Knight Transportation Inc./(1)/ 24,239 464,177 NextCard Inc./(1)/ 72,609 462,519 BSB Bancorp Inc. 19,860 462,142 Trans World Entertainment Corp./(1)(2)/ 59,771 462,030 Inter-Tel Inc. 40,239 461,139 Wackenhut Corp. "A"/(1)(2)/ 19,353 460,601 Vastera Inc./(1)/ 41,091 460,219 Novavax Inc./(1)/ 32,615 459,872 Standex International Corp. 24,361 459,205 Cumulus Media Inc. "A"/(1)/ 66,051 459,054 Vical Inc./(1)/ 45,011 458,662 Banner Corporation 23,740 458,657 Sturm Ruger & Co. Inc. 44,170 458,485 Nuevo Energy Co./(1)(2)/ 32,845 458,188 Pegasus Solutions Inc./(1)/ 54,542 457,062 BE Aerospace Inc./(1)/ 60,035 456,266 Investors Real Estate Trust/(2)/ 48,870 455,957 Stein Mart Inc./(1)/ 55,580 455,756 Netegrity Inc./(1)(2)/ 53,174 455,701 Cash American Investments Inc. 50,039 455,355 Zenith National Insurance Corp. 18,492 454,903 Oneida Ltd. 31,684 454,665 Central Vermont Public Service Corporation 25,990 454,565 Neurogen Corp./(1)/ 27,661 453,917 Fossil Inc./(1)(2)/ 28,883 453,752 Getty Realty Corp. 25,170 453,060 Watts Industries Inc. "A" 34,550 452,605 Memberworks Inc./(1)(2)/ 21,984 452,211 AXT Inc./(1)(2)/ 42,660 452,196 Insignia Financial Group Inc./(1)/ 43,053 452,057 ACLARA BioSciences Inc./(1)/ 80,387 451,775 Arqule Inc./(1)/ 43,226 451,712 Independent Bank Corp.(MA) 27,695 451,428 Dover Downs Entertainment Inc. 36,453 451,288 Sierra Health Services Inc./(1)/ 54,318 450,839 Seitel Inc./(1)(2)/ 44,797 450,210 Pope & Talbot Inc. 35,158 450,022 Bangor Hydro-Electric Co. 16,876 449,408 Great Lakes REIT Inc. 27,531 448,755 M/I Schottenstein Homes Inc. 13,270 448,526 Endo Pharmaceuticals Holdings Inc./(1)/ 41,325 448,376
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 99 iShares Russell 3000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------------------- Guitar Center Inc./(1)/ 37,665 $ 448,213 Westfield America Inc. 27,747 448,114 Saul Centers Inc. 23,559 447,621 Casella Waste Systems Inc. "A"/(1)/ 40,211 447,548 Astec Industries Inc./(1)/ 34,398 447,518 Arena Pharmaceuticals Inc./(1)/ 40,677 447,447 Hunt (J.B.) Transport Services Inc./(1)/ 34,273 446,920 Unova Inc./(1)/ 100,233 446,037 Senior Housing Properties Trust 33,122 445,491 Citizens Inc./(1)/ 43,788 444,010 CARBO Ceramics Inc. 16,011 443,505 Riggs National Corp. 28,610 443,455 Caliper Technologies Corp./(1)(2)/ 47,889 442,973 Century Business Services Inc./(1)/ 176,845 442,112 Right Management Consultants Inc./(1)/ 14,226 441,717 Sinclair Broadcast Group "A"/(1)/ 54,738 441,188 Possis Medical Inc./(1)(2)/ 37,704 441,156 Connetics Corp./(1)/ 67,444 441,084 Old Second Bancorp Inc. 12,936 439,307 TriZetto Group Inc. (The)/(1)/ 49,910 439,208 Rightchoice Managed Care Inc./(1)/ 8,772 439,039 AMC Entertainment Inc./(1)/ 41,787 438,763 Gabelli Asset Management Inc. "A"/(1)/ 11,902 438,470 New England Business Service Inc. 25,243 437,966 FBL Financial Group Inc. "A" 26,187 437,847 Myers Industries Inc. 36,945 437,798 3TEC Energy Corp./(1)/ 30,689 437,318 Gerber Scientific Inc. 41,599 436,789 Glatfelter (P.H.) Co. 28,515 436,565 Peoples Holding Co. 13,035 436,542 Advanced Marketing Services Inc. 28,427 436,354 Financial Institutions Inc. 18,605 436,101 OceanFirst Financial Corp. 17,364 435,836 Centex Construction Products Inc. 14,737 435,478 First Indiana Corp. 21,127 435,216 Lone Star Steakhouse & Saloon Inc. 40,275 434,970 Valmont Industries Inc. 31,039 434,546 Interface Inc. "A" 101,040 434,472 Kendle International Inc./(1)/ 21,955 433,392 AAR Corp. 54,088 433,245 National Processing Inc./(1)/ 15,462 432,936 Irwin Financial Corp./(2)/ 20,706 432,755 Del Monte Foods Co./(1)/ 56,081 431,824 AFC Enterprises Inc./(1)/ 21,151 431,480 NaPro BioTherapeutics Inc./(1)/ 54,436 430,044 Standard Register Co. 29,634 429,693 Finish Line Inc. (The)/(1)/ 39,592 429,573 Intuitive Surgical Inc./(1)/ 68,774 429,150 Register.com/(1)/ 43,240 428,941 American Superconductor Corp./(1)/ 45,823 427,987 Praecis Pharmaceuticals Inc./(1)/ 114,579 427,380 Interpool Inc. 29,271 427,357 Presstek Inc./(1)/ 68,911 427,248 Children's Place Retail Stores Inc./(1)(2)/ 23,825 427,182 RadiSys Corp./(1)/ 35,442 425,304 United Therapeutics Inc./(1)(2)/ 33,854 425,206 deCODE genetics Inc./(1)/ 68,850 424,804 TRC Companies Inc./(1)/ 11,753 424,753 Alliance Semiconductor Corp./(1)/ 58,997 423,598 WFS Financial Inc./(1)/ 23,850 423,338 Skechers U.S.A. Inc. "A"/(1)(2)/ 36,232 423,190 Milacron Inc. 35,327 422,511 United Industial Corp. 28,731 422,346 Magnetek Inc./(1)/ 45,936 421,692 Western Multiplex Corp./(1)/ 112,664 421,318 Emcore Corp./(1)(2)/ 49,184 421,015 Brown Shoe Company Inc. 37,042 420,427 Geron Corp./(1)(2)/ 43,762 420,115 CDI Corp./(1)/ 26,082 418,616 Dyax Corp./(1)/ 43,362 417,142 Versicor Inc./(1)/ 31,116 416,954 Artesyn Technologies Inc./(1)/ 76,470 415,997 WestCorp Inc. 24,255 415,973 Bone Care International Inc./(1)/ 21,339 415,257 Farmer Brothers Co. 1,886 414,920 Vans Inc./(1)/ 36,024 413,916 Durect Corp./(1)/ 42,757 413,888 Professional Detailing Inc./(1)/ 17,351 413,821 Indus International Inc./(1)/ 69,421 413,749 Mission West Properties Inc. 34,445 413,340 Centra Software Inc./(1)/ 48,268 413,174 Mid Atlantic Realty Trust 29,476 412,664 NCI Building Systems Inc./(1)/ 35,857 412,356 Robbins & Myers Inc. 16,718 412,099 Cheap Tickets Inc./(1)/ 25,136 411,979 Antigenics Inc./(1)(2)/ 32,287 411,659 Gymboree Co./(1)(2)/ 63,227 410,975 Nortek Inc./(1)/ 18,968 408,760 SERENA Software Inc./(1)/ 35,066 408,519 Building Materials Holdings Corp./(1)/ 29,078 408,255 Merix Corp./(1)/ 29,048 408,124 Arris Group Inc./(1)/ 113,983 408,059 Electro Rent Corp./(1)/ 32,359 408,047 Conestoga Enterprises Inc. 17,714 406,536
- ------------------------------------------------------------------------------ page 100 i|Shares iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------------------- Octel Corp./(1)/ 22,268 $ 406,391 Clark/Bardes Holdings Inc./(1)/ 18,820 405,759 AnswerThink Consulting Group Inc./(1)/ 86,314 405,676 Brookline Bancorp Inc. 27,003 405,045 Columbia Banking System Inc./(1)/ 29,537 404,657 Interneuron Pharmaceuticals Inc./(1)(2)/ 81,216 404,456 Bank Mutual Corp. 25,097 404,062 Keynote Systems Inc./(1)/ 53,155 403,978 Factory 2-U Stores Inc./(1)/ 28,814 403,396 Community Banks Inc. 16,519 403,064 Websense Inc./(1)(2)/ 36,975 403,028 Hydril Co./(1)/ 28,931 403,009 Second Bancorp Inc. 19,619 402,190 Silgan Holdings Inc./(1)/ 21,945 401,594 UNB Corp. 23,584 401,400 Umpqua Holdings Corp./(2)/ 32,456 400,832 Actuate Corp./(1)/ 95,484 400,078 MTR Gaming Group Inc./(1)(2)/ 43,086 399,407 UnitedGlobalCom Inc. "A"/(1)(2)/ 171,907 398,824 Cubic Corp. 11,537 398,026 SY Bancorp Inc. 12,419 397,408 Commonwealth Bancorp Inc. 19,235 396,626 Lindsay Manufacturing Co. 22,322 396,216 First Busey Corp. "A" 20,049 395,767 Organogenesis Inc./(1)/ 67,587 395,384 Vasomedical Inc./(1)/ 128,693 395,088 Polymedica Industries Corp./(1)(2)/ 25,863 394,928 Sports Resorts International Inc./(1)(2)/ 54,822 394,170 Daisytek International Corp./(1)/ 34,747 394,031 AO Smith Corp. "B" 22,446 393,703 CorVel Corp./(1)/ 14,963 393,527 R&G Financial Corp. "B" 22,868 393,330 RTI International Metals Inc./(1)/ 47,042 392,801 F5 Networks Inc./(1)(2)/ 42,190 391,523 Information Resources Inc./(1)/ 61,602 391,173 Sage Inc./(1)/ 25,649 391,147 Nuance Communications Inc./(1)(2)/ 60,040 390,260 Crossmann Communities Inc. 14,855 390,241 Thor Industries Inc. 14,279 389,817 Brightpoint Inc./(1)/ 125,629 389,450 Xicor Inc./(1)/ 48,969 389,304 NBC Capital Corporation/(2)/ 11,884 389,201 Bei Technologies Inc. 24,208 388,538 Salem Communications Corp. "A"/(1)/ 19,880 387,660 Flushing Financial Corp. 24,078 387,656 Consolidated Graphics Inc./(1)/ 22,667 387,152 Main Street Banks Inc. 21,517 387,091 Arrow Financial Corp. 13,834 386,937 IDX Systems Corp./(1)/ 37,697 386,394 MSCi Inc./(1)(2)/ 23,969 386,141 Cygnus Inc./(1)(2)/ 69,092 384,842 Integral Systems Inc./(1)/ 21,330 384,793 U.S. Industries Inc. 167,134 384,408 TBC Corp./(1)/ 38,903 384,362 Crown Media Holdings Inc./(1)/ 37,432 383,678 Cognizant Technology Solutions Corp./(1)/ 17,092 382,861 Kroll Inc./(1)/ 33,595 382,647 BancFirst Ohio Corp. 17,474 381,807 Sirius Satellite Radio Inc./(1)(2)/ 106,352 381,804 SPSS Inc./(1)/ 22,178 381,683 Encore Wire Corp./(1)/ 29,374 380,393 aaiPharma Inc./(1)/ 22,097 380,068 Penn Engineering & Manufacturing Corp. 26,745 379,779 City Holding Co. 37,972 379,720 Rural Cellular Corp. "A"/(1)/ 15,621 379,590 Saga Communications Inc./(1)/ 21,895 379,002 Boston Communications Group Inc./(1)/ 33,838 378,986 New Focus Inc./(1)/ 117,213 378,598 First Essex Bancorp Inc. 14,395 377,869 Championship Auto Racing Teams Inc./(1)/ 27,117 376,926 Rent-A-Center Inc./(1)/ 16,197 376,580 Standard Commercial Corp. 22,890 376,541 Bel Fuse Inc. "B" 19,368 376,514 Avid Technology Inc./(1)/ 51,633 376,405 AVANIR Pharmaceuticals "A"/(1)/ 129,736 376,234 EPIQ Systems Inc./(1)(2)/ 14,733 375,691 Middlesex Water Co. 11,377 375,441 4Kids Entertainment Inc./(1)(2)/ 18,866 375,433 Imatron Inc./(1)/ 210,833 375,283 Bethlehem Steel Corp./(1)/ 293,146 375,227 Skyline Corp. 14,050 375,135 First Bancorp North Carolina 15,574 373,776 State Auto Financial Corp. 27,964 372,760 Chiles Offshore Inc./(1)/ 18,436 372,407 Integrated Electrical Services Inc./(1)/ 67,639 372,015 United Natural Foods Inc./(1)/ 20,447 371,726 Therma-Wave Inc./(1)/ 36,093 370,675 Clarent Corp./(1)/ 68,904 370,014 WatchGuard Technologies Inc./(1)/ 48,121 368,607 USB Holding Co. Inc. 24,732 367,270 SJW Corp. 4,484 367,240 webMethods Inc./(1)(2)/ 53,145 367,232 Acacia Research Corp./(1)(2)/ 39,948 367,122 Matrixone Inc./(1)/ 67,480 367,091 - ------------------------------------------------------------------------------- iShares Schedules of Investments page 101 iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------------------- Common Stocks (continued) - ------------------------------------------------------------------------------- Urocor Inc./(1)/ 20,845 $ 366,455 United Fire & Casualty Co. 14,273 366,388 Spectrasite Holdings Inc./(1)(2)/ 151,994 366,306 Atlas Air Inc./(1)(2)/ 36,932 363,780 Insurance Auto Auctions Inc./(1)/ 26,907 363,245 Key Productions Co. Inc./(1)/ 31,433 363,051 Port Financial Corp. 15,171 362,283 Midland Co. 8,903 361,462 Luby's Inc./(1)/ 50,484 360,961 Playboy Enterprises Inc. "B"/(1)/ 29,221 360,879 IBERIABANK Corp. 12,610 360,646 National Golf Properties Inc. 22,466 360,579 Tejon Ranch Co./(1)/ 16,004 360,090 SIPEX Corp./(1)/ 55,626 359,344 Metasolv Inc./(1)/ 59,886 359,316 Pinnacle Systems Inc./(1)/ 123,419 359,149 Audiovox Corp. "A"/(1)/ 39,290 359,111 St Francis Capital Corp. 16,789 358,445 Ackerly Group Inc. (The)/(1)/ 33,452 357,936 Denbury Resources Inc./(1)/ 43,112 357,398 MRO Software Inc./(1)/ 35,038 357,388 Research Frontiers Inc./(1)(2)/ 21,993 357,386 SBS Technologies Inc./(1)/ 32,019 357,332 Wabash National Corp./(2)/ 51,745 357,041 American Woodmark Corp. 12,152 356,661 Woodhead Industries Inc. 23,833 356,542 Kadant Inc./(1)/ 27,624 356,350 Vital Sign Inc. 11,643 356,276 dELiA*s Corp. "A"/(1)/ 66,675 356,044 K Swiss Inc. "A" 14,479 355,459 Active Power Inc./(1)/ 70,939 355,404 Sequa Corp. "A"/(1)/ 7,844 354,863 Covansys Corporation/(1)/ 40,529 354,223 Corvas International Inc./(1)/ 61,583 354,102 Capital City Bank Group Inc. 15,054 353,317 Proton Energy Systems Inc./(1)/ 74,712 351,894 Zomax Inc./(1)/ 64,782 351,766 BKF Capital Group Inc./(1)/ 12,983 350,541 Flagstar Bancorp Inc. 15,169 350,404 Haverty Furniture Companies Inc. 35,536 350,030 Hovnanian Enterprises Inc. "A"/(1)(2)/ 30,355 349,993 Radiant Systems Inc./(1)/ 34,168 348,514 Associated Estates Realty Corp. 36,280 348,288 First Niagara Financial Group Inc. 21,915 347,791 Santander Bancorp 17,845 347,442 Titan Pharmaceuticals Inc./(1)/ 55,566 347,288 Centillium Communications Inc./(1)/ 57,110 346,087 Seacoast Banking Corp. of Florida 8,200 345,958 First Consulting Group Inc./(1)/ 38,451 345,674 Lakeland Bancorp Inc. 24,768 345,514 Energy Partners Ltd./(1)/ 49,486 345,412 CSK Auto Corp./(1)/ 55,075 344,219 Zygo Corp./(1)/ 33,285 343,168 World Wrestling Federation Entertainment Inc./(1)/ 25,976 342,883 Herbalife International Inc. "A"/(2)/ 33,880 342,154 Holly Corp. 18,916 342,001 Eden Bioscience Corp./(1)(2)/ 44,800 341,376 DigitalThink Inc./(1)/ 44,096 340,862 Parkervision Inc./(1)(2)/ 18,853 340,108 Esperion Therapeutics Inc./(1)/ 45,632 339,958 InteliData Technologies Corp./(1)/ 103,593 339,785 Great Southern Bancorp Inc. 12,817 339,779 Movie Gallery Inc./(1)/ 16,373 339,412 Internap Network Services Corp./(1)/ 339,150 339,150 HEICO Corp. 22,588 338,820 Redwood Trust Inc./(2)/ 14,049 338,581 Centennial Bancorp 44,896 338,516 Movado Group Inc. 21,791 337,761 Crown American Realty Trust 47,540 337,534 Ultimate Electronics Inc./(1)/ 19,385 336,330 HotJobs.com Ltd./(1)/ 56,327 336,272 Navigant Consulting Co./(1)/ 90,463 335,618 Capitol Transamerica Corp. 20,489 335,200 German American Bancorp 20,247 333,063 Coastal Bancorp Inc. 9,430 332,879 Midas Inc. 33,580 332,442 Applica Inc./(1)/ 39,289 331,992 Semitool Inc./(1)/ 34,699 331,722 Select Medical Corp./(1)/ 21,049 331,522 Watson Wyatt & Co. Holdings/(1)/ 20,779 330,386 Regeneration Technologies Inc./(1)/ 28,302 329,718 Urologix Inc./(1)(2)/ 24,203 329,161 Trico Marine Services Inc./(1)/ 55,589 329,087 Portal Software Inc./(1)/ 220,259 328,186 Conceptus Inc./(1)/ 18,844 327,886 McGrath Rentcorp 15,185 326,629 Vitria Technology Inc./(1)/ 158,660 325,253 NL Industries Inc. 21,677 324,938 NeoPharm Inc./(1)/ 23,120 324,836 Genzyme Corp. - Biosurgery Division/(1)/ 82,807 322,947 Penn National Gaming Inc./(1)/ 19,671 322,604 Gorman Rupp Co. 16,572 321,497 Celeritek Inc./(1)(2)/ 27,109 320,699 - ------------------------------------------------------------------------------- page 102 i|Shares iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------------------- Powell Industries Inc./(1)/ 14,157 $ 320,656 Computerized Thermal Imaging Inc./(1)/ 142,990 320,298 SCPIE Holdings Inc. 19,876 320,004 JNI Corp./(1)/ 51,174 319,838 Bassett Furniture Industries Inc. 22,887 319,731 Prosperity Bancshares Inc. 12,420 319,194 DUSA Pharmaceuticals Inc./(1)/ 31,074 318,819 NTELOS Inc./(1)(2)/ 37,945 316,841 Quaker Chemical Corp. 17,433 316,409 Specialty Laboratories Inc./(1)/ 11,498 316,195 Inspire Pharmaceuticals Inc./(1)/ 36,458 315,726 Gray Communications Systems Inc. 20,747 315,354 MB Financial Inc./(1)/ 12,613 315,325 Lexent Inc./(1)/ 43,342 314,230 CardioDynamics International Corp./(1)(2)/ 65,298 313,430 BancFirst Corp. 9,159 313,238 Advanced Neuromodulation Systems Inc./(1)/ 15,121 313,005 Startek Inc./(1)/ 17,880 312,721 Aphton Corp./(1)(2)/ 31,692 311,532 Digimarc Corp./(1)/ 22,622 311,505 American Axle & Manufacturing Holdings Inc./(1)/ 24,405 311,164 Pitt-Des Moines Inc. 10,199 311,070 Buca Inc./(1)(2)/ 27,705 310,850 Magna Entertainment Corp. "A"/(1)/ 51,271 310,702 Comstock Resources Inc./(1)/ 52,302 310,674 Northfield Laboratories Inc./(1)(2)/ 23,871 310,562 Oregon Steel Mills Inc./(1)/ 57,976 310,172 USG Corp./(2)/ 83,117 310,026 Cleveland-Cliffs Inc. 21,505 309,672 Aether Systems Inc./(1)(2)/ 49,352 309,437 Boykin Lodging Co. 38,676 309,408 Resource America Inc. "A" 34,594 309,270 Aspect Medical Systems Inc./(1)/ 28,233 309,151 Global Sports Inc./(1)(2)/ 26,504 308,772 Vidamed Inc./(1)/ 80,781 308,583 NewPower Holdings Inc./(1)/ 100,174 308,536 Lecroy Corp./(1)/ 15,898 307,944 Standard Microsystems Corp./(1)/ 32,814 307,795 Caminus Corp./(1)/ 20,938 307,370 Isle of Capris Casinos Inc./(1)(2)/ 43,255 307,067 Avant Immunotherapeutics Inc./(1)/ 129,138 306,057 UniFirst Corp. 18,042 304,910 II-VI Inc./(1)/ 23,374 304,563 Medicines Company (The)/(1)(2)/ 50,225 303,861 X-Rite Inc. 38,363 303,068 U.S. Concrete Inc./(1)/ 41,678 302,999 Entrust Technologies Inc./(1)/ 106,153 302,536 Kos Pharmaceuticals Inc./(1)/ 10,855 302,312 Pharmos Corp./(1)/ 123,878 302,262 Midwest Express Holdings Inc./(1)/ 28,417 301,220 DuPont Photomasks Inc./(1)/ 10,823 300,663 Pennfed Financial Services Inc. 13,361 300,355 RPC Inc. 24,129 299,923 EntreMed Inc./(1)(2)/ 34,261 299,784 Southern Peru Copper Corp. 31,696 299,527 Natures Sunshine Products Inc. 26,148 299,395 Purina Mills Inc./(1)/ 13,458 298,768 Excel Technology Inc./(1)/ 18,980 298,555 Jill (J.) Group Inc. (The)/(1)/ 23,882 298,525 Array BioPharma Inc./(1)/ 33,083 298,409 Viewpoint Corp./(1)/ 87,639 297,973 Osmonics Inc./(1)/ 23,774 297,175 Boyd Gaming Corp./(1)/ 66,688 296,762 Catalytica Energy Systems Inc./(1)/ 38,734 296,702 Genome Therapeutics Corp./(1)/ 51,019 295,910 Sequenom Inc./(1)(2)/ 42,267 295,869 WSFS Financial Corp. 17,924 295,388 Rigel Pharmaceuticals Inc./(1)(2/) 59,026 295,130 Allscripts Healthcare Solutions Inc./(1)(2)/ 69,988 293,950 Cole National Corp./(1)/ 22,123 293,572 Dendreon Corp./(1)/ 34,523 293,445 Oxford Industries Inc. 13,379 293,000 Roanoke Electrics Steel Corp. 24,520 291,788 Carreker Corp./(1)/ 38,432 291,699 Nanometrics Inc./(1)/ 16,470 291,684 La Jolla Pharmaceutical Co./(1)/ 71,613 291,465 Pricesmart Inc./(1)/ 8,307 290,745 Symmetricom Inc./(1)/ 53,386 290,420 Labor Ready Inc./(1)/ 91,034 290,398 Stanley Furniture Co. Inc./(1)/ 12,033 290,236 Wild Oats Markets Inc./(1)(2)/ 36,515 289,929 eSPEED Inc. "A"/(1)(2)/ 36,274 289,829 Rent-Way Inc./(1)/ 55,166 289,622 Circor International Inc. 19,301 289,515 Quixote Corp. 13,771 289,329 Hancock Fabrics Inc. 35,193 288,583 Rock-Tenn Company "A" 26,220 288,420 Coachmen Industries Inc. 32,004 288,036 Flow International Corp./(1)/ 29,590 286,431 3D Systems Corp./(1)/ 18,358 286,385 Microvision Inc./(1)(2)/ 22,324 285,747 Somera Communications Inc./(1)/ 66,433 285,662 - ------------------------------------------------------------------------------- iShares Schedules of Investments page 103 iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------------------- Garan Inc. 8,196 $ 285,631 Sykes Enterprises Inc.(1) 51,152 285,428 National Presto Industries Inc. 10,574 284,441 Martha Stewart Living Inc. "A"/(1)(2)/ 19,086 284,381 Lufkin Industries Inc. 12,384 283,841 National Healthcare Corp./(1)/ 18,370 282,714 Digital Lightwave Inc./(1)(2)/ 28,744 281,979 Mattson Technology Inc./(1)/ 70,401 281,604 Midwest Banc Holdings Inc. 13,150 281,147 Elizabeth Arden Inc./(1)(2)/ 21,998 280,914 kForce.com Inc./(1)/ 55,682 280,080 Acadia Realty Trust 42,952 278,758 Central Coast Bancorp/(1)/ 13,279 278,461 Vion Pharmaceuticals Inc./(1)/ 59,275 277,407 Actrade Financial Technologies Ltd./(1)(2)/ 15,099 277,369 Baldwin & Lyons Inc. "B" 14,276 277,097 Acclaim Entertainment Inc./(1)/ 102,526 274,770 Northwest Bancorp Inc. 27,329 273,563 Siliconix Inc./(1)/ 13,153 273,188 XO Communications Inc. "A"/(1)(2)/ 665,155 272,714 Daktronics Inc./(1)(2)/ 30,983 272,650 Resources Connection Inc./(1)/ 14,972 272,191 Lawson Products Inc. 11,134 271,670 Supertex Inc./(1)/ 17,806 271,363 Illumina Inc./(1)/ 41,647 270,705 Smart & Final Inc./(1)/ 26,504 269,811 NS Group Inc./(1)/ 39,672 269,770 Pomeroy Computer Resources/(1)/ 22,360 269,438 Applied Molecular Evolution Inc./(1)/ 36,450 269,365 Silicon Laboratories Inc./(1)(2)/ 19,504 268,960 SpeechWorks International Inc./(1)/ 54,319 267,793 Medford Bancorp Inc. 13,872 267,730 Global Imaging Systems Inc./(1)/ 15,288 267,387 Recoton Corp./(1)/ 21,632 267,155 Trendwest Resorts Inc./(1)(2)/ 10,765 266,434 Supergen Inc./(1)/ 37,775 266,314 Lantronix Inc./(1)/ 43,591 265,905 PICO Holdings Inc./(1)/ 24,116 265,276 Mastec Inc./(1)/ 51,771 264,032 Ingles Markets Inc. "A" 21,940 263,280 Genzyme Corp. - Molecular Oncology/(1)/ 33,808 262,012 Meritage Corp./(1)/ 7,073 261,701 Spectrian Corp./(1)(2)/ 26,058 260,580 Ambassadors International Inc. 15,591 260,370 Key3Media Group Inc./(1)/ 65,691 260,136 Burnham Pacific Properties Inc. 52,103 259,994 Silicon Image Inc./(1)/ 124,335 259,860 FalconStor Software Inc./(1)(2)/ 29,951 259,675 Friedman Billings Ramsey Group Inc. "A"/(1)/ 50,909 259,636 Discount Auto Parts Inc./(1)/ 18,781 259,178 Valence Technology Inc./(1)/ 72,965 258,296 SJNB Financial Corp. 6,181 258,119 Mail-Well Inc./(1)/ 69,667 257,768 Telik Inc./(1)/ 39,515 256,848 International Specialty Products Inc./(1)/ 29,073 256,715 Avatar Holdings/(1)/ 11,131 256,681 Terra Industries Inc./(1)/ 86,402 256,614 AMCOL International Corp. 45,339 256,165 Aviall Inc./(1)/ 41,640 256,086 LaSalle Hotel Properties 27,707 256,013 Quaker City Bancorp Inc./(1)/ 8,510 255,215 Credit Acceptance Corp./(1)/ 29,173 254,972 Stepan Co. 14,124 254,938 Columbia Laboratories Inc./(1)/ 56,748 254,799 Medallion Financial Corp. 30,834 254,381 PetroQuest Energy Inc./(1)/ 50,555 254,292 Curis Inc./(1)/ 72,480 253,680 Regent Communications Inc./(1)/ 42,059 253,195 QRS Corp./(1)(2)/ 30,108 252,907 AVI BioPharma Inc./(1)(2)/ 34,033 251,844 Boston Beer Co Inc. "A"/(1)/ 21,400 251,664 Pain Therapeutics Inc./(1)/ 35,931 251,517 Meridian Resource Corp. (The)/(1)/ 77,210 250,933 Wackenhut Corrections Corp./(1)/ 18,712 250,741 Private Media Group Inc./(1)(2)/ 32,310 250,403 Pinnacle Entertainment Inc./(1)/ 42,042 250,150 Progenics Pharmaceuticals Inc./(1)/ 17,986 250,005 Winston Hotels Inc. 31,626 249,845 Avant! Corp./(1)(2)/ 84,367 249,726 Butler Manufacturing Co. 11,499 249,528 Nu Horizons Electronics Corp./(1)/ 33,021 249,309 Vail Resorts Inc./(1)/ 17,845 248,046 infoUSA Inc./(1)/ 60,933 247,388 Quicksilver Resources Inc./(1)/ 18,169 247,098 J & J Snack Foods Corp./(1)/ 13,135 246,281 Gulfmark Offshore Inc./(1)/ 10,254 246,096 I-Stat Corp./(1)/ 40,240 245,464 Paradigm Genetics Inc./(1)/ 39,184 244,900 Alloy Online Inc./(1)/ 19,810 244,455 Sciclone Pharmaceuticals Inc./(1)/ 72,927 244,305 Trex Co. Inc./(1)(2)/ 13,931 243,096 Tanger Factory Outlet Centers Inc. 11,724 242,687 Encore Acquisition Co./(1)/ 16,138 242,070 - ------------------------------------------------------------------------------- page 104 i|Shares iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- TriPath Imaging Inc./(1)/ 56,223 $ 241,759 K2 Inc./(1)/ 40,411 241,658 Metawave Communications Corp./(1)/ 89,404 241,391 Great American Financial Resources Inc. 13,289 241,195 Liqui-Box Corp. 5,836 240,735 Med-Design Corp. (The)/(1)(2)/ 16,681 240,206 SoundView Technology Group Inc./(1)/ 119,490 240,175 Lynch Interactive Corp./(1)/ 4,832 239,184 Auspex Systems Inc./(1)/ 101,659 238,899 Navigant International Inc./(1)/ 29,702 238,804 Bell Microproducts Inc./(1)/ 31,038 238,682 Miravant Medical Technologies/(1)/ 31,068 237,670 Universal Display Corp./(1)(2)/ 33,666 237,345 Spiegel Inc. "A" 33,617 237,000 Armstrong Holdings Inc./(1)/ 86,725 236,759 Green Mountain Coffee Inc./(1)/ 10,188 234,833 Concord Camera Corp./(1)/ 53,591 234,729 OSCA Inc./(1)(2)/ 15,076 233,678 RCN Corp./(1)(2)/ 72,854 233,133 Closure Medical Corp./(1)(2)/ 12,072 232,386 Artisan Components Inc./(1)/ 29,208 231,327 VaxGen Inc./(1)(2)/ 18,506 231,325 Exide Corp. 61,407 230,890 Alexander's Inc./(1)/ 3,782 230,324 Buckle Inc. (The)/(1)/ 13,948 230,142 PC-Tel Inc./(1)/ 30,624 229,680 Netro Corp./(1)/ 84,770 228,879 EarthShell Corp./(1)/ 103,969 228,732 WESCO International Inc./(1)/ 44,388 228,598 LodgeNet Entertainment Corp./(1)/ 20,774 228,306 Syntroleum Corp./(1)/ 48,553 227,714 Foamex International Inc./(1)/ 36,947 227,224 Wireless Facilities Inc./(1)(2)/ 50,807 227,107 Novadigm Inc./(1)/ 30,786 226,277 NN Inc. 25,934 226,144 Riviana Foods Inc. 13,034 225,879 1-800-FLOWERS.com Inc./(1)/ 18,719 225,751 Sanchez Computer Associates Inc./(1)(2)/ 29,970 225,374 Century Aluminum Company 28,119 225,233 Peregrine Pharmaceuticals/(1)/ 227,037 224,767 Ditech Communications Corp./(1)/ 53,375 224,175 Dura Automotive Systems Inc./(1)/ 30,932 222,710 Lydall Inc./(1)/ 33,690 222,354 CSS Industries Inc./(1)/ 8,777 222,058 Wyndham International Inc. "A"/(1)/ 339,299 220,544 Friedman's Inc. 31,224 220,441 Genencor International Inc./(1)/ 22,255 219,434 Aurora Foods Inc./(1)/ 54,791 218,616 MicroFinancial Inc. 15,898 218,598 Volt Information Sciences Inc./(1)/ 18,221 218,288 MapInfo Corp./(1)/ 29,857 217,956 Wilsons The Leather Experts Inc./(1)/ 24,059 217,493 Corporate Office Properties Trust 19,888 216,779 Dril-Quip Inc./(1)/ 13,976 216,628 KCS Energy Inc./(1)(2)/ 60,982 215,266 SCM Microsystems Inc./(1)(2)/ 34,521 214,375 Witness Systems Inc./(1)/ 26,211 213,620 Fedders Corp. 54,733 213,459 CPI Corp. 14,848 213,366 Measurements Specialties Inc./(1)/ 21,572 213,347 Red Hat Inc./(1)/ 60,885 213,098 Republic Bancorp Inc. "A" 16,075 212,994 IMPCO Technologies Inc./(1)(2)/ 18,251 212,442 Kenneth Cole Productions "A"/(1)/ 16,757 211,976 Virage Logic Corp./(1)/ 19,377 211,791 Triangle Pharmaceuticals Inc./(1)/ 66,012 211,238 Genrad Inc./(1)/ 64,326 210,346 Wolverine Tube Inc./(1)/ 20,733 209,403 Aspect Communications Corp./(1)/ 116,137 207,885 Xybernaut Corp./(1)/ 103,617 207,234 Maxim Pharmaceuticals Inc./(1)(2)/ 52,395 206,960 Trikon Technologies Inc./(1)/ 24,488 206,679 Sunrise Telecom Inc./(1)/ 41,193 205,553 Mesa Air Group Inc./(1)(2)/ 62,589 204,040 CoBiz Inc. 15,788 203,665 SONICblue Inc./(1)/ 186,580 203,372 Silicon Graphics Inc./(1)/ 441,313 203,004 United Auto Group Inc./(1)/ 12,139 201,993 Option Care Inc./(1)/ 12,980 201,709 Hexcel Corp./(1)/ 50,291 201,164 Steinway Musical Instruments Inc./(1)/ 13,867 200,933 Aware Inc./(1)/ 50,987 200,889 Steven Madden Ltd./(1)/ 19,772 200,686 Valentis Inc./(1)/ 66,874 200,622 Cell Pathways Inc./(1)(2)/ 60,931 200,463 Micro General Corp./(1)/ 23,308 199,980 ATS Medical Inc./(1)/ 49,898 199,592 Transgenomic Inc./(1)/ 26,425 199,509 Metromedia International Group Inc./(1)/ 166,174 199,409 Schawk Inc. 20,244 199,403 Horizon Offshore Inc./(1)/ 32,678 199,336 Turnstone Systems Inc./(1)(2)/ 66,389 199,167 PLX Technology Inc./(1)/ 38,460 198,838 Insmed Incorporated/(1)/ 74,058 198,475
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 105 iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Alico Inc. 7,808 $ 197,933 NCH Corp. 5,050 197,910 Lithia Motors Inc. "A"/(1)/ 14,236 197,880 Stoneridge Inc./(1)/ 28,239 197,673 Novoste Corp./(1)/ 33,324 197,611 Aksys Ltd./(1)/ 39,096 197,435 Stamps.com Inc./(1)/ 78,993 196,693 Troy Financial Corp./(2)/ 9,264 195,841 Prodigy Communications Corp. "A"/(1)/ 35,442 195,285 Keystone Property Trust 15,352 194,970 Orchid Biosciences Inc./(1)/ 89,016 194,945 Avanex Corp./(1)/ 65,671 194,386 Hibbet Sporting Goods Inc./(1)/ 8,285 194,283 ADE Corp./(1)/ 20,663 194,232 Liberty Digital Inc. "A"/(1)/ 48,115 192,941 Keithley Instruments Inc. 13,442 192,893 BriteSmile Inc./(1)(2)/ 31,932 191,592 OTG Software Inc./(1)/ 34,483 191,381 Standard Motor Products Inc. 16,324 190,991 Wave Systems Corp. "A"/(1)/ 113,001 190,972 POZEN Inc./(1)/ 43,890 190,922 Deb Shops Inc. 9,255 190,468 New Century Financial Corp./(1)(2)/ 19,405 190,169 Quaker Fabric Corp./(1)/ 26,020 189,946 World Acceptance Corp./(1)/ 27,074 189,518 Emex Corp./(1)(2)/ 28,851 188,974 Gibraltar Steel Corp. 12,410 187,391 1-800 Contacts Inc./(1)/ 15,230 187,329 Penton Media Inc. 52,289 185,626 ACTV Inc./(1)/ 90,625 184,875 CompuCredit Corp./(1)(2)/ 25,272 184,233 Performance Technologies Inc./(1)/ 22,372 183,898 Rainbow Technologies Inc./(1)/ 52,211 182,739 Ribozyme Pharmaceuticals Inc./(1)/ 26,044 182,048 Republic Bancshares Inc./(1)/ 10,696 181,511 I-many Inc./(1)/ 78,227 181,487 Intertrust Technologies Corp./(1)/ 169,773 179,959 SkillSoft Corp./(1)/ 11,222 179,328 Sauer Inc. 22,865 178,804 Deltagen Inc./(1)/ 25,290 178,800 Tuesday Morning Corp./(1)/ 19,354 177,670 Keryx Biopharmaceuticals Inc./(1)/ 28,162 177,139 HI/FN Inc./(1)/ 17,983 177,133 Beasley Broadcast Group Inc. "A"/(1)/ 17,226 176,566 Genzyme Transgenics Corp./(1)/ 45,821 176,411 H Power Corp./(1)/ 56,160 175,219 Kaiser Aluminum Corp./(1)/ 67,575 173,668 Tropical Sportswear International Corp./(1)/ 10,212 173,093 New Horizons Worldwide Inc./(1)/ 15,020 173,083 Oplink Communications Inc./(1)/ 260,474 171,913 AT&T Latin America Corp./(1)/ 97,565 171,714 Churchill Downs Inc. 6,177 171,474 Docent Inc./(1)/ 82,741 171,274 North American Scientific Inc./(1)/ 15,838 171,050 Terremark Worldwide Inc./(1)/ 341,961 170,981 Internet Capital Group Inc./(1)(2)/ 427,256 170,902 FiberCore Inc./(1)/ 71,107 170,657 Transmontaigne Inc./(1)/ 35,182 170,633 Genelabs Technologies Inc./(1)/ 91,802 169,834 Boron, LePore & Associates Inc./(1)/ 17,786 168,967 Ulticom Inc./(1)/ 20,877 168,686 Urban Outfitters Inc./(1)/ 15,057 168,638 GenesisIntermedia Inc./(1)(2)/ 28,525 168,297 Hemispherx Biopharma Inc./(1)(2)/ 41,717 168,120 NetRatings Inc./(1)/ 16,298 168,032 Seaboard Corp. 800 168,000 SignalSoft Corp./(1)/ 42,440 166,781 CCC Information Services Group Inc./(1)/ 22,812 166,756 Sangamo BioSciences Inc./(1)(2)/ 22,087 165,432 NetScout Systems Inc./(1)/ 38,828 165,019 America Online Latin America Inc. "A"/(1)(2)/ 50,113 164,872 Digex Inc./(1)/ 49,232 164,435 Perini Corp./(1)/ 25,254 164,151 Bush Industries Inc. "A" 18,554 163,832 Ladish Co. Inc./(1)/ 20,568 163,516 Kosan Biosciences Inc./(1)/ 30,851 163,510 U.S. Physical Therapy Inc./(1)/ 9,984 162,040 ChipPAC Inc./(1)/ 70,333 161,766 Coldwater Creek Inc./(1)/ 8,807 161,168 NATCO Group Inc. "A"/(1)/ 20,984 161,157 Embarcadero Technologies Inc./(1)(2)/ 20,339 160,068 Centennial Cellular Corp. "A"/(1)/ 17,774 159,966 Vysis Inc./(1)/ 7,956 159,916 McMoRan Exploration Co./(1)/ 29,312 159,750 Genaissance Pharmaceuticals Inc./(1)/ 40,892 159,070 Packeteer Inc./(1)/ 49,859 159,050 Targeted Genetics Corp./(1)/ 84,359 158,595 TTM Technologies Inc./(1)/ 25,597 158,189 Alaska Communications Systems Group/(1)/ 20,772 158,075 Applied Innovation/(1)/ 19,850 157,807 Prime Group Realty Trust 13,149 157,131 3DO Co. (The)/(1)/ 75,390 154,549 Harvard Bioscience Inc./(1)/ 15,431 154,310 Sanderson Farms Inc. 10,766 153,308
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Visual Networks Inc./(1)/ 67,117 $ 153,027 Hollywood Casino Corp. "A"/(1)/ 22,591 152,489 Prize Energy Corp./(1)/ 8,718 152,129 Provident Bancorp Inc./(2)/ 7,069 151,913 Covenant Transport Inc. "A"/(1)/ 16,115 151,481 Golden Telecom Inc./(1)/ 19,400 151,320 Mechanical Technology Inc./(1)/ 43,223 151,281 Peco II Inc./(1)/ 31,410 150,768 Hyseq Inc./(1)/ 24,673 150,752 Divine Inc. "A"/(1)/ 241,676 149,767 Oil States International Inc./(1)/ 22,603 149,180 Dynacq International Inc./(1)(2)/ 9,896 148,935 Maxwell Technologies Inc./(1)/ 22,898 148,837 XM Satellite Radio Holdings Inc. "A"/(1)(2)/ 28,329 148,444 Spectra-Physics Lasers Inc./(1)/ 8,345 148,124 Catapult Communications Corp./(1)/ 10,720 147,507 Gulf Island Fabrication Inc./(1)/ 17,238 146,868 Nanogen Inc./(1)/ 30,035 146,571 Onyx Pharmaceuticals Inc./(1)/ 41,709 146,399 Ariad Pharmaceuticals Inc./(1)/ 59,727 146,331 Ventiv Health Inc./(1)/ 35,863 145,604 Commercial Bank of New York 4,436 145,057 Arden Group Inc. "A"/(1)/ 3,241 144,678 Next Level Communications Inc./(1)/ 47,041 143,941 Crossroads Systems Inc./(1)/ 43,301 142,893 Royal Bancshares of Pennsylvania "A" 8,047 142,834 EXE Technologies Inc./(1)/ 69,842 142,478 Scientific Games Corp. "A"/(1)/ 35,873 142,416 Avici Systems Inc./(1)/ 111,162 142,287 SLI Inc. 54,709 141,696 Comdisco Inc. 239,924 141,555 Simpex Solutions Inc./(1)/ 9,350 141,372 Titanium Metals Corp./(1)/ 44,030 140,896 ONYX Software Corp./(1)/ 74,038 140,672 Manufacturers Services Ltd./(1)/ 34,695 140,515 American West Holdings Corp. "B"/(1)/ 75,847 140,317 Mestek Inc./(1)/ 5,983 139,105 Orbital Sciences Corp./(1)/ 76,219 138,719 ON Semiconductor Corp./(1)/ 74,930 138,621 Finova Group Inc./(1)/ 123,607 138,440 McAfee.com Corp./(1)/ 11,962 138,161 ZixIt Corp./(1)(2)/ 28,576 137,736 ITXC Corp./(1)/ 53,022 135,206 Millennium Cell Inc./(1)(2)/ 36,007 134,666 IXYS Corporation/(1)/ 22,527 134,036 Callon Petroleum Corp./(1)/ 19,646 133,593 HealthExtras Inc./(1)(2)/ 25,974 133,506 Synplicity Inc./(1)/ 23,621 132,278 Mesaba Holdings Inc./(1)/ 22,301 131,576 Innovative Solutions and Support Inc./(1)/ 18,082 131,456 SRI/Surgical Express Inc./(1)/ 4,411 131,227 Inet Technologies Inc./(1)/ 22,184 131,107 Value Line Inc. 3,373 129,186 NMS Communications Corp./(1)(2)/ 82,739 129,073 TiVo Inc./(1)(2)/ 38,615 128,202 MacroChem Corp./(1)(2)/ 51,974 127,336 Star Scientific Inc./(1)/ 45,968 126,872 Multex.com Inc./(1)/ 61,232 126,750 Ansoft Corp./(1)/ 13,832 126,148 SureBeam Corporation "A"/(1)(2)/ 15,179 125,986 Bebe Stores Inc./(1)(2)/ 8,356 125,841 WJ Communications Inc./(1)/ 32,910 125,058 Management Network Group Inc. (The)/(1)/ 20,584 124,533 BMC Industries Inc. 60,829 124,091 Value City Department Stores Inc./(1)/ 35,759 123,011 Medis Technologies Ltd./(1)(2)/ 19,460 122,793 Xanser Corp./(1)/ 66,021 122,139 Castle (A.M.) & Co. 14,666 121,728 Satcon Technology Corp./(1)/ 22,524 121,404 Chordiant Software Inc./(1)/ 64,701 120,991 NYMAGIC Inc. 7,451 119,589 Kana Communications Inc./(1)/ 329,447 118,601 Support.com Inc./(1)/ 49,117 117,881 Nanophase Technologies Corp./(1)/ 26,213 116,648 PC Connection Inc./(1)/ 14,985 115,984 Guess ? Inc./(1)(2)/ 17,969 115,900 Consolidated Freightways Corp./(1)/ 37,907 114,858 Ciphergen Biosystems Inc./(1)/ 37,452 114,229 Puma Technology Inc./(1)/ 84,488 114,059 Salton Inc./(1)(2)/ 13,317 113,994 Net2Phone Inc./(1)/ 37,570 113,837 SeeBeyond Technology Corp./(1)/ 62,998 113,396 OPNET Technologies Inc./(1)/ 19,326 113,250 Digital Generation Systems Inc./(1)/ 79,753 113,249 Convera Corp./(1)/ 46,189 113,163 TradeStation Group Inc./(1)/ 45,916 112,494 Infogrames Inc./(1)/ 33,056 112,390 Sitel Corp./(1)/ 126,015 112,153 Saba Software Inc./(1)(2)/ 56,119 111,116 Datastream Systems Inc./(1)/ 36,386 109,158 Resortquest International Inc./(1)/ 36,289 108,867 Third Wave Technologies Inc./(1)(2)/ 17,026 107,604 Large Scale Biology Corp./(1)/ 29,024 107,389 Duraswitch Industries Inc./(1)/ 10,561 106,032
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Security Shares Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Brio Technology Inc./(1)/ 43,252 $ 105,102 Cobalt Corp. 20,568 104,897 StarBase Corp./(1)/ 156,888 103,546 American Realty Investors Inc./(1)/ 9,278 102,800 Stanford Microdevices Inc./(1)/ 23,026 102,235 Act Manufacturing Inc./(1)(2)/ 22,986 102,058 Uniroyal Technology Corp./(1)/ 32,465 101,940 August Technology Corp./(1)/ 12,231 100,294 Immune Response Corp./(1)/ 69,725 99,009 EEX Corp./(1)/ 70,455 98,637 Federal-Mogul Corp. 151,547 98,506 MEMC Electronics Materials Inc./(1)/ 92,734 97,371 Fairchild Corp. (The) "A"/(1)/ 28,633 97,352 ITC DeltaCom Inc./(1)/ 80,641 96,769 Maui Land & Pineapple Co./(1)/ 4,826 96,520 Clayton Williams Energy Inc./(1)/ 10,356 96,518 Beacon Power Corporation/(1)/ 62,976 95,724 3 Dimensional Pharmaceuticals Inc./(1)/ 13,968 95,681 Copper Mountain Networks Inc./(1)/ 119,595 95,676 Richardson Electronics Ltd. 11,574 95,601 ROHN Industries Inc./(1)/ 38,568 95,263 APAC Customer Services Inc. 54,356 95,123 ATP Oil & Gas Corp./(1)/ 13,553 94,193 Syntel Inc./(1)/ 11,475 94,095 Revlon Inc. "A"/(1)(2)/ 17,800 93,450 Extensity Inc./(1)/ 33,336 93,341 Westpoint Stevens Inc./(2)/ 52,710 93,297 Oglebay Norton Co. 6,320 92,904 Selectica Inc./(1)/ 38,296 91,910 Interland Inc./(1)/ 86,074 90,378 AEP Industries Inc./(1)/ 3,568 89,200 BSQUARE Corp./(1)/ 33,491 88,751 CompX International Inc. 8,296 86,693 Corillian Corp./(1)/ 43,690 86,506 Art Technology Group Inc./(1)/ 122,340 85,638 EXACT Sciences Corp./(1)(2)/ 9,064 83,933 Coca-Cola Bottling Co. 2,192 82,748 Liberty Livewire Corporation "A"/(1)/ 12,242 82,389 Moldflow Corp./(1)/ 9,646 81,702 National Beverage Corp./(1)/ 8,140 81,400 Tremont Corp. 2,930 80,575 Viasystems Group Inc./(1)/ 122,742 79,782 Ameristar Casinos Inc./(1)/ 6,093 79,392 Seattle Genetics Inc./(1)/ 15,801 79,005 Microstrategy Inc./(1)(2)/ 69,861 78,943 Lightpath Technologies Inc. "A"/(1)/ 43,742 77,861 V.I. Technologies Inc./(1)/ 11,690 74,816 Braun Consulting Inc./(1)/ 20,743 74,675 Lexar Media Inc./(1)/ 74,590 74,590 VA Linux Systems Inc./(1)/ 70,687 74,221 CacheFlow Inc./(1)/ 49,208 73,812 GenStar Therapeutics Corp./(1)/ 26,050 73,200 Cosine Communications Inc./(1)/ 194,133 71,829 FTD.COM Inc./(1)/ 18,569 71,491 UAXS Global Holdings Inc./(1)/ 95,304 70,525 BioSphere Medical Inc./(1)/ 8,315 68,599 Adelphia Business Solutions Inc./(1)/ 62,948 66,725 Carrier Access Corp./(1)/ 23,922 64,350 Loudcloud Inc./(1)/ 55,809 62,506 Amtran Inc./(1)/ 7,224 62,126 Interactive Intelligence Inc./(1)/ 12,250 61,250 PYR Energy Corp./(1)/ 32,722 60,536 Inkine Pharmaceutical Co./(1)/ 77,436 59,626 Handspring Inc./(1)/ 43,987 59,382 PEC Solutions Inc./(1)/ 3,482 59,333 Click Commerce Inc./(1)/ 39,502 59,253 Sorrento Networks Corp./(1)(2)/ 28,868 57,736 MEEMIC Holdings Inc./(1)/ 2,429 57,616 First Banks America Inc./(1)/ 1,852 56,764 Luminent Inc./(1)/ 28,301 56,602 Newmark Homes Corp. 5,191 56,478 VerticalNet Inc./(1)/ 153,667 55,320 ICT Group Inc./(1)/ 5,905 54,326 Polaroid Corp. 101,868 52,971 Blue Martini Software Inc./(1)/ 66,409 51,799 Align Technology Inc./(1)(2)/ 22,598 49,264 NEON Communications Inc./(1)(2)/ 17,009 46,605 Digitas Inc./(1)/ 19,670 45,241 ANC Rental Corp./(1)/ 84,612 43,998 Network Plus Corp./(1)(2)/ 39,478 39,873 Donna Karan International Inc./(1)/ 3,718 37,552 Pinnacle Holdings Inc./(1)/ 95,632 37,296 Choice One Communications Inc./(1)(2)/ 22,600 36,838 Hayes Lemmerz International Inc./(1)/ 35,660 35,660 Matrix Pharmaceutical Inc./(1)/ 59,106 34,281 Equity One Inc./(2)/ 2,884 33,743 iBasis Inc./(1)/ 74,445 31,267 Gentek Inc. 9,388 30,511 USinternetworking Inc./(1)/ 109,708 29,621 On Command Corp./(1)/ 12,611 27,618 Alliance Fiber Optic Products Inc./(1)/ 32,726 26,508 Optical Communication Products Inc./(1)/ 10,508 24,379 Engage Technologies Inc./(1)/ 99,172 23,801 Novatel Wireless Inc./(1)/ 59,975 23,390
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Shares or Security Principal Value - --------------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------------- Constellation 3D Inc./(1)/ 31,809 $ 22,902 Tripath Technology Inc./(1)/ 35,306 19,771 StarMedia Network Inc./(1)/ 90,250 14,440 OmniSky Corp./(1)/ 43,350 10,838 Focal Communications Corp./(1)(2)/ 35,515 10,299 Optical Cable Corp./(1)(2)/ 5,347 9,892 IMPSAT Fiber Networks Inc./(1)/ 35,425 7,085 Frontline Capital Group Inc./(1)/ 68,243 6,142 - --------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $1,853,859,429) 1,508,391,784 - --------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 9.89% - --------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $59,840,480 59,840,480 General Electric Commercial Paper 2.46%, 10/23/01/(3)/ 10,000,000 10,000,000 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 11,078,016 11,078,016 Providian Temp Cash Money Market Fund/(3)/ 68,693,027 68,693,027 - --------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $149,611,523) 149,611,523 - --------------------------------------------------------------------- Security Principal Value - --------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.15% - --------------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $2,225,152 and an effective yield of 2.90%. $ 2,224,614 $ 2,224,614 - --------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $2,224,614) 2,224,614 - --------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 109.75% (Cost $2,005,695,566) 1,660,227,921 - --------------------------------------------------------------------- Other Assets, Less Liabilities -- (9.75%) (147,509,619) - --------------------------------------------------------------------- NET ASSETS -- 100.00% $1,512,718,302 =====================================================================
/(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 109 iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS - 99.89% - ------------------------------------------------------------------- TriQuint Semiconductor Inc./(1)(2)/ 109,169 $ 1,745,616 LifePoint Hospitals Inc./(1)(2)/ 32,394 1,425,336 Renal Care Group Inc./(1)/ 40,761 1,254,216 New York Community Bancorp 53,010 1,230,362 Doral Financial Corp. 31,404 1,218,475 Charles River Laboratories International Inc./(1)(2)/ 33,245 1,175,876 Lee Enterprises Inc. 36,850 1,167,040 Hudson United Bancorp 39,058 1,083,469 Techne Corp./(1)/ 34,806 1,024,341 Affiliated Managers Group Inc./(1)/ 17,351 985,710 Province Healthcare Co./(1)/ 26,477 972,765 Career Education Corp./(1)/ 17,441 959,255 Smith (Charles E) Residential Realty Inc. 18,626 959,239 Titan Corp. (The)/(1)/ 47,142 923,983 Brown & Brown Inc. 17,470 910,187 Steris Corp./(1)/ 46,292 910,101 Respironics Inc./(1)/ 25,473 905,820 Alliant Techsystems Inc./(1)/ 10,362 886,987 Copart Inc./(1)/ 31,455 881,055 Apria Healthcare Group Inc./(1)/ 33,964 879,668 Illuminet Holdings Inc./(1)/ 22,950 879,444 Performance Food Group Co./(1)/ 30,811 879,038 InterMune Inc./(1)/ 22,415 857,374 Ruby Tuesday Inc. 53,955 847,094 Park National Corp. 8,723 843,950 Perot Systems Corp. "A"/(1)/ 51,840 837,216 Plexus Corp./(1)(2)/ 35,060 826,715 Inverness Medical Technology Inc./(1)/ 22,099 816,558 GTECH Holdings Corp./(1)/ 23,607 815,386 CEC Entertainment Inc./(1)/ 23,444 799,440 Roper Industries Inc. 22,194 798,762 Accredo Health Inc./(1)/ 21,800 793,520 THQ Inc./(1)(2)/ 18,376 792,924 Wiley (John) & Sons Inc. "A" 37,909 791,540 Graco Inc. 26,151 789,760 Ascential Software Corp./(1)/ 238,042 785,539 Perrigo Co./(1)/ 51,161 775,089 NVR Inc./(1)/ 5,481 770,135 Washington Real Estate Investment Trust 32,209 763,997 Cheesecake Factory (The)/(1)/ 31,878 763,478 Incyte Genomics Inc./(1)/ 55,826 762,583 Corporate Executive Board Co. (The)/(1) 29,221 762,084 Diagnostic Products Corp. 17,921 756,625 Zebra Technologies Corp. "A"/(1)/ 20,086 752,422 CIMA Labs Inc./(1)(2)/ 12,375 751,781 Cousins Properties Inc. 30,032 743,292 AMETEK Inc. 27,896 733,107 Cubist Pharmaceuticals Inc./(1)/ 22,371 733,098 99 Cents Only Stores/(1)/ 22,533 728,943 Global Payments Inc. 24,667 725,210 Tetra Tech Inc./(1)/ 32,813 725,167 CommScope Inc./(1)/ 40,539 724,432 NPS Pharmaceuticals Inc./(1)/ 23,125 721,500 Alpha Industries Inc./(1)/ 37,031 717,290 TrustCo Bank Corp. 52,065 715,373 Fair Isaac and Co. Inc. 15,009 708,875 Varian Semiconductor Equipment Associates Inc./(1)/ 27,308 705,912 Mid Atlantic Medical Services Inc./(1)/ 33,375 700,875 Covance Inc./(1)/ 38,965 697,863 Dial Corp. 42,078 696,391 Black Box Corp./(1)(2)/ 16,511 694,783 Price Communications Corp./(1)/ 40,666 689,289 Cell Therapeutics Inc./(1)(2)/ 28,390 682,779 Federal Signal Corp. 38,315 675,877 O'Reilly Automotive Inc./(1)/ 23,471 672,444 Chesapeake Energy Corp./(1)/ 117,962 666,485 Varian Inc./(1)/ 26,125 665,665 Stillwater Mining Co./(1)/ 32,624 656,395 IDEXX Laboratories Inc./(1)/ 28,044 655,388 eFunds Corp./(1)/ 38,958 648,651 Fisher Scientific International Inc./(1)/ 25,470 646,938 CV Therapeutics Inc./(1)(2)/ 16,512 641,656 ITT Educational Services Inc./(1)/ 19,974 639,168 Scios Inc./(1)(2)/ 38,171 638,219 Bruker Daltonics Inc./(1)(2)/ 38,424 637,838 Neurocrine Biosciences Inc./(1)/ 19,774 633,163 Scholastic Corp./(1)/ 14,417 627,140 Waste Connections Inc./(1)/ 22,864 617,328 Microsemi Corp./(1)/ 23,646 615,978 Keane Inc./(1)/ 44,850 612,202 Powerwave Technologies Inc./(1)/ 50,287 599,421 Commerce One Inc./(1)/ 240,064 590,557 Macromedia Inc./(1)/ 48,650 589,152 Ilex Oncology Inc./(1)/ 22,231 583,786 Tom Brown Inc./(1)/ 27,929 583,716 Jack in the Box Inc./(1)/ 20,823 583,044 Mercury Computer Systems Inc./(1)(2)/ 15,516 582,626 Stone Energy Corp./(1)/ 18,032 580,630
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- RehabCare Group Inc./(1)/ 13,292 $ 578,335 Haemonetics Corp./(1)/ 16,689 577,606 KV Pharmaceuticals Co. "B"/(1)(2)/ 19,518 573,829 Spinnaker Exploration Co./(1)/ 16,144 571,175 Kopin Corp./(1)(2)/ 54,728 570,813 Donaldson Co. Inc. 19,544 563,258 Linens 'N Things Inc./(1)/ 30,174 560,633 Applebee's International Inc. 18,929 558,405 Matthews International Corp. "A" 25,290 557,897 Avocent Corporation/(1)/ 37,442 557,137 VISX Inc./(1)/ 41,914 554,522 Veeco Instruments Inc./(1)/ 20,874 553,161 Ventas Inc. 50,884 552,091 HNC Software Inc./(1)/ 29,506 551,762 Aeroflex Inc./(1)/ 50,112 551,232 LTX Corp./(1)/ 40,431 550,266 Too Inc./(1)/ 26,042 546,622 Gartner Group Inc. "A"/(1)/ 60,308 545,787 Dal-Tile International Inc./(1)/ 35,292 543,144 Michaels Stores Inc./(1)/ 14,854 542,765 Hilb Rogal & Hamilton Co. 11,887 542,166 Sonic Corp./(1)/ 17,762 538,544 Swift Transportation Co. Inc./(1)/ 30,422 538,469 Pharmaceutical Resources Inc./(1)(2)/ 14,993 536,000 MSC Industrial Direct Co. Inc. "A"/(1)/ 33,177 528,510 Cognex Corp./(1)/ 26,760 525,031 Plains Resource Inc./(1)/ 20,120 523,120 Syncor International Corp./(1)(2)/ 16,380 521,375 National Data Corp./(2)/ 14,420 519,120 Education Management Corp./(1)/ 17,082 518,610 Transkaryotic Therapies Inc./(1)(2)/ 19,037 516,664 Trimeris Inc./(1)/ 14,625 513,338 Tupperware Corp. 25,632 511,102 Rambus Inc./(1)(2)/ 69,422 510,946 Cooper Companies Inc. 10,826 507,739 Liberate Technologies Inc./(1)/ 50,940 507,362 Key Energy Services Inc./(1)/ 79,532 505,824 Electro Scientific Industries Inc./(1)/ 22,900 502,655 Activision Inc./(1)/ 18,417 501,311 Direct Focus Inc./(1)(2)/ 25,179 501,062 Westamerica Bancorp 13,846 499,148 American Italian Pasta Co. "A"/(1)/ 11,503 497,505 Thoratec Labs Corp./(1)/ 29,884 494,281 Cryolife Inc./(1)/ 13,108 492,992 Eclipsys Corp./(1)(2)/ 36,905 490,836 Plantronics Inc./(1)/ 28,780 490,699 Regeneron Pharmaceuticals Inc./(1)/ 21,988 489,013 Alpharma Inc. "A"/(2)/ 16,963 488,534 Polaris Industries Partners LP "A" 12,698 487,349 Administaff Inc./(1)/ 18,648 484,848 Exar Corp./(1)/ 27,936 483,293 Isis Pharmaceuticals Inc./(1)(2)/ 28,179 480,452 Technitrol Inc. 21,437 478,045 AmeriPath Inc./(1)/ 18,151 476,645 Edwards (J.D.) & Co./(1)/ 66,861 476,050 Cambrex Corp. 14,134 473,913 Stericycle Inc./(1)/ 11,340 472,651 Evergreen Resources Inc./(1)/ 13,918 472,516 UCBH Holdings Inc. 16,129 470,644 Insight Enterprises Inc./(1)/ 33,090 467,893 Impath Inc./(1)/ 13,462 464,574 AmSurg Corp./(1)/ 16,812 463,171 Cabot Oil & Gas Corp. "A" 23,177 462,381 Concurrent Computer Corp./(1)/ 50,824 461,482 Mentor Corp. 18,175 459,828 Alamosa Holdings Inc./(1)(2)/ 33,071 458,033 CAL Dive International Inc./(1)/ 27,383 456,201 Landstar System Inc./(1)/ 7,089 453,696 Cerus Corp./(1)/ 9,588 453,033 Advanced Digital Information Corp./(1)/ 43,882 452,423 Atlantic Coast Airlines Holdings Inc./(1)/ 33,516 445,763 Greater Bay Bancorp 19,138 445,341 Adolor Corporation/(1)/ 26,187 443,346 Fleming Companies Inc./(2)/ 14,948 440,966 Chico's FAS Inc./(1)(2)/ 18,702 440,432 Albany Molecular Research Inc./(1)/ 17,689 439,218 AirGate PCS Inc./(1)/ 9,880 438,870 Surmodics Inc./(1)(2)/ 10,967 438,132 Footstar Inc./(1)(2)/ 12,648 437,621 Elantec Semiconductor Inc./(1)/ 19,047 437,129 FYI Inc./(1)/ 11,624 436,132 SBA Communications Corp./(1)/ 32,613 435,384 Kronos Inc./(1)/ 10,582 434,391 Cymer Inc./(1)/ 25,770 431,647 Men's Wearhouse Inc. (The)/(1)/ 23,658 427,737 NetIQ Corp./(1)/ 18,693 425,640 Teledyne Technologies Inc./(1)/ 26,640 424,908 Flowserve Corp./(1)/ 21,448 423,598 Southwest Bancorp of Texas Inc./(1)/ 14,237 423,551 American Medical Systems Holdings Inc./(1)/ 22,104 421,523
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Virata Corp./(1)/ 42,110 $ 420,258 Western Gas Resources Inc. 16,124 419,708 FactSet Research Systems Inc. 17,258 418,679 Church & Dwight Co. Inc. 16,165 417,865 United Bancshares Inc. 15,455 417,285 GlobeSpan Inc./(1)/ 45,940 415,298 BARRA Inc./(1)/ 9,869 414,695 MAXIMUS Inc./(1)/ 10,404 413,351 Owens & Minor Inc. 20,346 413,024 Legato Systems Inc./(1)/ 75,187 412,025 Leap Wireless International Inc./(1)(2)/ 26,202 411,371 Newport Corp./(2)/ 28,782 405,826 Choice Hotels International Inc./(1)/ 24,579 405,553 Chelsea Property Group Inc. 8,908 404,869 Argosy Gaming Co./(1)/ 15,384 403,061 Power Integrations Inc./(1)/ 21,913 399,255 DSP Group Inc./(1)/ 19,937 397,743 American Management Systems Inc./(1)/ 33,092 397,435 Maxygen Inc./(1)/ 24,459 387,614 Immunomedics Inc./(1)/ 31,645 378,791 C&D Technologies Inc. 20,568 378,451 Hot Topic Inc./(1)(2)/ 15,057 377,931 Viropharma Inc./(1)(2)/ 14,947 377,711 Neose Technologies Inc./(1)/ 9,757 376,620 Frontier Oil Corp. 21,902 375,619 InterCept Group Inc. (The)/(1)/ 11,213 375,075 Invacare Corp. 9,226 373,653 Flir Systems Inc./(1)/ 9,103 373,496 Sylvan Learning Systems Inc./(1)/ 16,235 371,782 Rogers Corp./(1)/ 13,143 369,450 Patina Oil & Gas Corp. 15,978 367,494 Duramed Pharmaceuticals Inc./(1)/ 18,108 366,506 Bio-Technology General Corp./(1)/ 48,821 365,181 Christopher & Banks Corp./(1)(2)/ 12,125 365,084 Boyds Collection Ltd. (The)/(1)/ 44,215 364,774 Corixa Corp./(1)(2)/ 34,539 362,628 Woodward Governor Co. 7,448 360,856 Manufactured Home Communities Inc. 11,836 360,051 Atrix Laboratories Inc./(1)/ 15,295 359,429 Credence Systems Corp./(1)/ 29,813 359,247 Photronics Inc./(1)/ 19,394 357,819 Packard BioScience Company/(1)/ 45,175 357,334 ATMI Inc./(1)/ 22,940 354,423 Metro One Telecommunications Inc./(1)(2)/ 15,220 353,104 Astropower Inc./(1)(2)/ 10,215 352,520 SCP Pool Corp./(1)/ 16,482 351,891 Dreyer's Grand Ice Cream Inc. 12,079 350,895 Texas Regional Bancshares "A" 10,251 350,277 Coinstar Inc./(1)/ 17,619 347,447 General Communication Inc. "A"/(1)/ 28,499 344,838 Olin Corp. 23,454 344,774 Intergraph Corp./(1)/ 38,411 343,778 InterDigital Communications Corp./(1)/ 46,760 342,751 Pacific Capital Bancorp 11,796 341,730 Noven Pharmaceuticals Inc./(1)/ 18,873 341,601 Progress Software Corp./(1)/ 24,383 341,118 Sensormatic Electronics Corp./(1)/ 14,429 340,236 Insituform Technologies Inc. "A"/(1)/ 19,923 339,687 Commonwealth Telephone Enterprises Inc./(1)/ 9,202 338,173 Grey Global Group Inc. 608 336,224 Newpark Resources Inc./(1)/ 49,718 335,597 Pacific Sunwear of California Inc./(1)/ 24,349 334,799 Chittenden Corp. 13,098 332,689 Datascope Corp. 8,577 332,616 FuelCell Energy Inc./(1)(2)/ 22,433 332,233 Donnelley (R.H.) Corp./(1)/ 12,705 331,855 Cost Plus Inc./(1)/ 17,993 330,351 Infocus Corp./(1)/ 25,249 329,499 Arthocare Corp./(1)(2)/ 16,803 329,339 Philadelphia Suburban Corp. 12,247 321,606 Mills Corp. 15,019 321,106 Information Holdings Inc./(1)/ 16,346 321,035 Trimble Navigation Ltd./(1)/ 20,886 318,512 East West Bancorp Inc. 13,586 317,777 Symyx Technologies Inc./(1)/ 21,497 317,081 Edison Schools Inc./(1)(2)/ 20,952 316,375 Brady Corp. "A" 10,615 316,327 Exelixis Inc./(1)/ 27,357 313,511 Enzo Biochem Inc./(1)(2)/ 18,336 310,979 Simpson Manufacturing Co. Inc./(1)/ 5,845 309,785 Ligand Pharmaceuticals Inc. "B"/(1)/ 33,734 309,678 Helix Technology Corp. 18,990 308,398 Priceline.com Inc./(1)/ 81,115 307,426 MKS Instruments Inc./(1)/ 17,307 307,199 Topps Co. (The)/(1)/ 31,663 303,965 Forward Air Corp./(1)/ 12,906 303,807 InfoSpace Inc./(1)/ 205,106 303,557 DRS Technologies Inc./(1)/ 8,664 301,074 Genesco Inc./(1)(2)/ 18,521 300,966
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Hooper Holmes Inc. 48,116 $ 300,244 Silicon Storage Technology Inc./(1)/ 64,335 297,871 Manitowoc Co. Inc. 12,247 296,867 Tularik Inc./(1)/ 16,105 296,654 Gene Logic Inc./(1)/ 22,485 295,903 Read-Rite Corp./(1)/ 100,156 295,460 Integrated Circuit Systems Inc./(1)/ 23,099 295,205 Dionex Corp./(1)/ 11,701 295,099 Anchor Gaming/(1)/ 7,088 294,152 Covanta Energy Corporation/(1)/ 25,175 294,044 Immunogen Inc./(1)(2)/ 32,450 293,672 NYFIX Inc./(1)/ 20,521 293,450 Stewart & Stevenson Services Inc. 12,025 289,562 General Semiconductor Inc./(1)/ 29,949 287,510 On Assignment Inc./(1)/ 17,858 287,157 CTS Corp. 19,438 287,099 Oak Technology Inc./(1)/ 36,802 287,056 Sangstat Medical Corp./(1)/ 15,521 286,052 Mobile Mini Inc./(1)/ 10,983 285,119 Panera Bread Co. "A"/(1)/ 8,138 284,749 FileNET Corp./(1)/ 28,234 284,316 Actel Corp./(1)/ 15,996 284,089 CVB Financial Corp. 13,163 283,004 Westport Resources Corp./(1)/ 19,247 282,931 Bally Total Fitness Holding Corp./(1)(2)/ 13,851 281,314 Rare Hospitality International Inc./(1)/ 18,072 280,839 Gentiva Health Services Inc./(1)/ 15,587 280,722 Hain Celestial Group Inc./(1)/ 15,182 279,501 Petsmart Inc./(1)/ 39,623 278,946 Serologicals Corp./(1)/ 15,396 278,822 Vintage Petroleum Inc. 17,529 277,835 FEI Co./(1)/ 12,764 277,617 Brooks Automation Inc./(1)(2)/ 10,420 277,068 Tanox Inc./(1)(2)/ 18,745 276,864 Delta & Pine Land Co. 16,180 274,736 P.F. Chang's China Bistro Inc./(1)(2)/ 7,640 274,429 Veritas DGC Inc./(1)/ 24,585 274,123 Integra LifeSciences Holdings Corporation/(1)/ 9,924 274,101 Forest City Enterprises Inc. "A" 5,701 273,648 Itron Inc./(1)(2)/ 11,873 273,316 DDi Corp./(1)/ 34,783 272,699 WD-40 Company 13,214 271,548 ANADIGICS Inc./(1)/ 22,211 270,974 Vicor Corp./(1)/ 19,071 269,092 Unit Corp./(1)/ 30,261 268,718 Kulicke & Soffa Industries Inc./(1)(2)/ 24,570 267,813 Chateau Communities Inc. 9,083 267,494 Amylin Pharmaceuticals Inc./(1)(2)/ 47,696 263,759 Computer Network Technology Corp./(1)/ 25,017 263,179 Borland Software Corp./(1)/ 32,438 262,748 EGL Inc./(1)/ 29,585 262,419 Midway Games Inc./(1)(2)/ 21,624 261,867 Franklin Electric Co. Inc. 3,634 261,648 Granite Construction Inc. 10,192 261,323 Korn/Ferry International/(1)/ 31,585 260,576 InterVoice-Brite Inc./(1)/ 25,103 260,569 Documentum Inc./(1)/ 31,791 260,368 Entegris Inc./(1)/ 32,823 259,302 Lone Star Technologies Inc./(1)/ 20,903 259,197 Maverick Tube Corp./(1)/ 28,549 258,654 Advanced Energy Industries Inc./(1)(2)/ 15,546 258,530 Sapient Corp./(1)/ 67,068 258,212 Swift Energy Co./(1)/ 12,500 257,750 Andrew Corp./(1)/ 14,170 257,611 Ocular Sciences Inc./(1)/ 12,717 257,519 Aspen Technology Inc./(1)/ 25,697 256,970 Cyberonics Inc./(1)/ 16,284 256,636 Intrado Inc./(1)(2)/ 9,987 256,266 MSC.Software Corp./(1)/ 15,769 253,881 Seachange International Inc./(1)(2)/ 14,518 253,629 Anaren Microwave Inc./(1)/ 15,436 252,379 Papa John's International Inc./(1)/ 9,660 251,643 Photon Dynamics Inc./(1)/ 10,848 251,131 Biosite Diagnostics Inc./(1)(2)/ 10,359 250,791 Duane Reade Inc./(1)(2)/ 8,359 250,770 Asyst Technologies Inc./(1)(2)/ 27,603 249,807 Digital Insight Corp./(1)/ 21,692 249,458 Verity Inc./(1)/ 24,514 247,591 Tennant Co. 7,072 247,520 Florida Rock Industries Inc. 7,839 247,242 Harmonic Inc./(1)(2)/ 30,419 246,394 Molecular Devices Corp./(1)/ 13,199 246,029 Rayovac Corp./(1)/ 16,110 245,678 Echelon Corp./(1)(2)/ 19,628 244,957 Engineered Support Systems Inc. 5,195 244,684 Edwards Lifesciences Corp./(1)/ 10,919 244,586 Cadiz Inc./(1)/ 28,420 243,559 Bright Horizons Family Solutions Inc./(1)/ 8,996 242,892 Biopure Corp./(1)(2)/ 13,092 242,857 Getty Images Inc./(1)/ 21,868 241,204
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Frontier Financial Corp. 8,770 $ 241,175 Pharmacopeia Inc./(1)/ 18,537 240,240 IGEN International Inc./(1)(2)/ 8,642 237,828 Southwestern Energy Company/(1)/ 20,056 237,664 CUNO Inc./(1)/ 8,551 237,290 Teletech Holdings Inc./(1)/ 30,330 236,877 MGI Pharma Inc./(1)/ 17,692 236,542 First Horizon Pharmaceutical Corp./(1)/ 9,075 236,222 Town & Country Trust 11,877 235,165 S1 Corp./(1)/ 27,717 234,486 NBTY Inc./(1)/ 17,759 233,708 Martek Biosciences Corp./(1)/ 12,759 232,214 Pixelworks Inc./(1)/ 18,381 231,601 Secure Computing Corp./(1)/ 23,776 231,578 Valuevision International Inc. "A"/(1)/ 17,947 231,516 Littelfuse Inc./(1)/ 10,451 231,281 Magnum Hunter Resources Inc./(1)/ 24,271 230,332 Theragenics Corp./(1)/ 24,910 230,168 Magellan Health Services Inc./(1)/ 20,038 229,836 Landauer Inc. 6,751 229,196 FTI Consulting Inc./(1)/ 7,793 229,114 Avigen Inc./(1)(2)/ 16,666 228,491 Alexion Pharmaceuticals Inc./(1)/ 13,424 228,476 Farmer Mac/(1)/ 6,843 228,419 First BanCorp. 8,830 228,344 Digene Corp./(1)/ 9,129 228,225 Stellent Inc./(1)(2)/ 15,845 228,168 Charlotte Russe Holding Inc./(1)/ 17,433 226,455 OraSure Technologies Inc./(1)/ 21,840 223,860 WebEx Communications Inc./(1)(2)/ 10,536 223,785 Cohu Inc. 14,909 223,039 Pre-Paid Legal Services Inc./(1)(2)/ 12,924 222,810 Corinthian Colleges Inc./(1)/ 6,588 222,081 Wet Seal Inc. "A"/(1)/ 12,028 221,436 Tweeter Home Entertainment Group Inc./(1)/ 16,196 220,913 INAMED Corp./(1)/ 12,994 220,898 E.piphany Inc./(1)/ 51,914 220,634 Electronics Boutique Holdings Corp./(1)/ 8,181 220,478 Suffolk Bancorp 5,015 220,409 Superior Industries International Inc. 6,630 220,182 Dianon Systems Inc./(1)/ 4,377 219,725 Strayer Education Inc. 4,921 219,477 Transwitch Corp./(1)/ 71,672 219,316 ANSYS Inc./(1)/ 12,220 218,127 Headwaters Inc./(1)/ 19,774 217,514 American HealthCorp. Inc./(1)/ 6,167 217,387 Intermagnetics General Corp./(1)/ 9,334 217,109 Superior Energy Services Inc./(1)/ 36,720 216,648 MedQuist Inc./(1)/ 8,613 216,617 Lightbridge Inc./(1)/ 21,107 216,347 Scansource Inc./(1)/ 4,830 216,336 Oshkosh B'gosh Inc. "A" 8,315 216,190 Grey Wolf Inc./(1)/ 119,979 215,962 Yankee Candle Co. Inc. (The)/(1)(2)/ 12,618 215,768 ProBusiness Services Inc./(1)/ 14,588 215,757 Renaissance Learning Inc./(1)/ 6,529 214,869 Heidrick & Struggles International Inc./(1)(2)/ 15,044 214,678 MIPS Technologies Inc. "A"/(1)(2)/ 32,668 213,975 St. Mary Land & Exploration Co. 13,383 213,191 ABIOMED Inc./(1)(2)/ 12,175 212,697 Quiksilver Inc./(1)/ 17,204 212,469 SonicWALL Inc./(1)/ 17,772 211,131 Libbey Inc. 6,536 210,786 Identix Inc./(1)(2)/ 25,726 209,410 Agile Software Corp./(1)/ 22,989 208,970 Ventana Medical Systems Inc./(1)(2)/ 10,217 208,835 Viasat Inc./(1)/ 11,703 208,782 Student Loan Corp. 2,955 208,328 WMS Industries Inc./(1)/ 11,900 208,131 TALX Corp. 9,761 207,918 Texas Biotech Corp./(1)/ 36,686 207,276 Lincoln Electric Holding Inc. 9,362 206,151 Tollgrade Communications Inc./(1)/ 10,709 205,613 DMC Stratex Networks Inc./(1)/ 39,734 205,027 Lexicon Genetics Inc./(1)/ 26,923 204,615 Otter Tail Power Co. 7,214 204,517 Proxim Inc./(1)/ 20,966 204,419 AptarGroup Inc. 6,409 203,806 Universal Compression Holdings Inc./(1)/ 9,050 203,625 Triad Guaranty Inc./(1)/ 5,824 203,549 Houston Exploration Co./(1)/ 8,193 203,186 Walter Industries Inc. 22,698 203,147 GoTo.com Inc./(1)/ 16,366 202,938 Sotheby's Holdings Inc. "A"/(1)/ 16,917 202,835 Take-Two Interactive Software Inc./(1)(2)/ 28,680 202,768 Manhattan Associates Inc./(1)/ 11,951 202,689 Fred's Inc. 7,707 201,923 EDO Corp. 7,004 201,365 Berry Petroleum Co. "A" 13,017 201,113 Boston Private Financial Holdings Inc. 10,298 200,914
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- AsiaInfo Holdings Inc./(1)(2)/ 16,853 $ 200,382 Group 1 Automotive Inc./(1)/ 7,535 200,054 Learning Tree International Inc./(1)/ 9,852 199,996 Per-Se Technologies Inc./(1)/ 25,166 199,818 California Pizza Kitchen Inc./(1)/ 12,581 199,283 Intertan Inc./(1)/ 25,378 199,217 PLATO Learning Inc./(1)/ 8,240 198,914 ICU Medical Inc./(1)/ 4,958 198,320 NABI Inc./(1)/ 32,020 197,884 Frontier Airlines Inc./(1)/ 23,879 197,718 Rudolph Technologies Inc./(1)/ 7,995 197,157 Dendrite International Inc./(1)/ 24,704 196,150 MRV Communications Inc./(1)/ 65,075 195,225 Penwest Pharmaceuticals Co./(1)/ 11,261 194,027 Numerical Technologies Inc./(1)(2)/ 11,675 193,805 Western Digital Corp./(1)/ 89,126 193,403 Impax Laboratories Inc./(1)/ 14,739 192,934 Advanced Tissue Sciences Inc./(1)/ 53,995 191,682 Paxson Communications Corp./(1)/ 26,521 190,951 IndyMac Bancorp Inc./(1)/ 7,034 190,692 Spectralink Corp./(1)/ 12,535 190,281 Diversa Corp./(1)/ 20,074 188,696 Rollins Inc. 12,133 188,668 Scotts Co. (The) "A"/(1)/ 5,528 188,505 Atwood Oceanics Inc./(1)/ 7,216 187,616 Washington Trust Bancorp Inc. 10,107 186,980 Endocare Inc./(1)/ 10,644 186,802 CACI International Inc. "A"/(1)/ 3,403 186,008 Stratos Lightwave Inc./(1)/ 53,905 185,972 Forrester Research Inc./(1)/ 11,146 185,135 Station Casinos Inc./(1)/ 21,996 184,766 Luminex Corp./(1)(2)/ 13,477 183,961 Regis Corp. 8,743 183,253 Pemstar Inc./(1)/ 15,909 182,954 Shuffle Master Inc./(1)/ 14,500 182,845 RailAmerica Inc./(1)(2)/ 14,584 182,300 Georgia Gulf Corp. 11,340 182,234 CoStar Group Inc./(1)/ 10,127 181,982 City Bank 7,419 181,469 Harland (John H.) Co. 8,283 181,398 Nordson Corp. 8,270 180,700 Prima Energy Corp./(1)/ 8,153 180,589 Cytogen Corp./(1)/ 66,737 180,190 Ferro Corp./(2)/ 7,760 179,877 Pure Resources Inc./(1)/ 11,270 179,757 Zoll Medical Corp./(1)/ 5,045 179,602 Genta Inc./(1)(2)/ 17,196 177,979 BioMarin Pharmaceutical Inc./(1)/ 18,202 177,469 Universal Electronics Inc./(1)/ 11,765 177,416 Connecticut Water Service Inc. 6,423 177,332 Guilford Pharmaceuticals Inc./(1)/ 20,590 177,280 Planar Systems Inc./(1)/ 8,807 177,109 School Specialty Inc./(1)/ 5,778 176,576 Energy Conversion Devices Inc./(1)/ 10,701 175,924 Bio-Rad Laboratories Inc. "A"/(1)/ 3,709 174,323 Pharmacyclics Inc./(1)(2)/ 9,777 174,031 Triarc Companies Inc./(1)/ 7,498 173,204 Knight Transportation Inc./(1)/ 9,041 173,135 Inktomi Corp./(1)/ 62,955 172,497 Vical Inc./(1)/ 16,856 171,763 Novavax Inc./(1)/ 12,157 171,414 Universal Corporation 5,116 170,721 Memberworks Inc./(1)/ 8,286 170,443 UbiquiTel Inc./(1)/ 21,077 170,091 Fossil Inc./(1)(2)/ 10,822 170,014 Netegrity Inc./(1)(2)/ 19,834 169,977 Arqule Inc./(1)/ 16,222 169,520 Neurogen Corp./(1)/ 10,307 169,138 AXT Inc./(1)(2)/ 15,942 168,985 Getty Realty Corp. 9,356 168,408 Endo Pharmaceuticals Holdings Inc./(1)/ 15,484 168,001 Lands' End Inc./(1)/ 5,798 167,562 Guitar Center Inc./(1)/ 14,069 167,421 ABM Industries Inc. 6,471 167,017 CARBO Ceramics Inc. 5,981 165,674 Caliper Technologies Corp./(1)(2)/ 17,879 165,381 Possis Medical Inc./(1)(2)/ 14,113 165,129 TriZetto Group Inc. (The)/(1)/ 18,712 164,666 Connetics Corp./(1)/ 25,157 164,527 AMC Entertainment Inc./(1)/ 15,660 164,430 PRI Automation Inc./(1)/ 16,405 164,378 Carlisle Companies Inc. 5,862 164,312 Right Management Consultants Inc./(1)/ 5,289 164,223 Gabelli Asset Management Inc. "A"/(1)/ 4,453 164,049 CoorsTek Inc./(1)/ 6,563 164,009 Pegasus Communications Corp./(1)/ 23,421 163,947 Cato Corp. "A" 10,942 163,692 Vastera Inc./(1)/ 14,576 163,251 Speedway Motorsports Inc./(1)/ 8,199 162,996 Advanced Marketing Services Inc. 10,577 162,357
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 115 iShares Russell 2000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- AFC Enterprises Inc./(1)/ 7,954 $ 162,262 National Processing Inc./(1)/ 5,775 161,700 NaPro BioTherapeutics Inc./(1)/ 20,359 160,836 Roxio Inc./(1)/ 10,557 160,466 Intuitive Surgical Inc./(1)/ 25,659 160,112 Presstek Inc./(1)/ 25,772 159,786 Praecis Pharmaceuticals Inc./(1)/ 42,828 159,748 RadiSys Corp./(1)/ 13,306 159,672 Children's Place Retail Stores Inc./(1)(2)/ 8,891 159,416 WFS Financial Inc./(1)/ 8,980 159,395 TRC Companies Inc./(1)/ 4,408 159,305 ACLARA BioSciences Inc./(1)/ 28,330 159,215 Montana Power Co. 30,304 159,096 United Therapeutics Inc./(1)(2)/ 12,649 158,871 Skechers U.S.A. Inc. "A"/(1)/ 13,601 158,860 Ixia/(1)/ 24,985 158,655 Arena Pharmaceuticals Inc./(1)/ 14,383 158,213 Emcore Corp./(1)/ 18,402 157,521 Harman International Industries Inc. 4,687 157,014 Geron Corp./(1)(2)/ 16,331 156,778 Lancaster Colony Corp. 5,592 156,632 Airtran Holdings Inc./(1)/ 36,776 155,930 Alexandria Real Estate Equities Inc. 3,942 155,512 AGCO Corp. 17,148 155,189 Durect Corp./(1)/ 15,973 154,619 Bone Care International Inc./(1)/ 7,941 154,532 Professional Detailing Inc./(1)/ 6,472 154,357 Vector Group Ltd./(2)/ 3,609 154,242 Centra Software Inc./(1)/ 17,999 154,071 W-H Energy Services Inc./(1)/ 10,924 153,591 SERENA Software Inc./(1)/ 13,089 152,487 Heartland Express Inc./(1)/ 6,628 152,378 Clark/Bardes Holdings Inc./(1)/ 7,045 151,890 Interneuron Pharmaceuticals Inc./(1)(2)/ 30,400 151,392 Factory 2-U Stores Inc./(1)/ 10,750 150,500 Sensient Technologies Corp. 8,059 150,139 deCODE genetics Inc./(1)/ 24,308 149,980 Citizens Inc./(1)/ 14,783 149,900 Actuate Corp./(1)/ 35,687 149,529 Essex Property Trust Inc. 3,042 149,362 SY Bancorp Inc. 4,665 149,280 MTR Gaming Group Inc./(1)(2)/ 16,089 149,145 American Superconductor Corp./(1)/ 15,965 149,113 FreeMarkets Inc./(1)(2)/ 14,065 148,808 Genuity Inc./(1)/ 94,772 148,792 Hickory Tech Corp. 9,077 147,955 Vasomedical Inc./(1)/ 48,140 147,790 First Busey Corp. "A" 7,484 147,734 Microtune Inc./(1)/ 12,931 147,413 Versicor Inc./(1)/ 10,995 147,333 Sports Resorts International Inc./(1)(2)/ 20,480 147,251 Polymedica Industries Corp./(1)(2)/ 9,629 147,035 Three-Five Systems Inc./(1)/ 9,223 147,015 Dyax Corp./(1)/ 15,281 147,003 Sage Inc./(1)/ 9,634 146,919 Centerpoint Properties Corp. 3,075 146,831 US Unwired Inc. "A"/(1)/ 14,526 146,713 F5 Networks Inc./(1)(2)/ 15,801 146,633 Remington Oil & Gas Corp./(1)/ 11,163 146,124 Bei Technologies Inc. 9,092 145,927 Xicor Inc./(1)/ 18,318 145,628 Nuance Communications Inc./(1)(2)/ 22,402 145,613 Vans Inc./(1)/ 12,632 145,142 Antigenics Inc./(1)(2)/ 11,357 144,802 Main Street Banks Inc. 8,047 144,766 Salem Communications Corp. "A"/(1)/ 7,397 144,242 Cognizant Technology Solutions Corp./(1)/ 6,403 143,427 CCBT Financial Companies Inc. 5,732 143,415 Sandy Spring Bancorp Inc. 3,609 143,241 Tetra Technologies Inc./(1)/ 8,207 142,966 Sirius Satellite Radio Inc./(1)(2)/ 39,722 142,602 Rural Cellular Corp. "A"/(1)/ 5,842 141,961 Hollywood Entertainment Corp./(1)/ 12,076 141,893 BE Aerospace Inc./(1)/ 18,666 141,862 Saga Communications Inc./(1)/ 8,179 141,578 aaiPharma Inc./(1)/ 8,222 141,418 New Focus Inc./(1)/ 43,780 141,409 Briggs & Stratton Corp./(2)/ 4,520 141,069 EPIQ Systems Inc./(1)(2)/ 5,524 140,862 Bel Fuse Inc. "B" 7,243 140,804 AVANIR Pharmaceuticals "A"/(1)/ 48,453 140,514 4Kids Entertainment Inc./(1)(2)/ 7,058 140,454 Imatron Inc./(1)/ 78,788 140,243 Rent-A-Center Inc./(1)/ 6,031 140,221 Organogenesis Inc./(1)/ 23,868 139,628 Therma-Wave Inc./(1)/ 13,485 138,491 Merix Corp./(1)/ 9,832 138,140 Lindsay Manufacturing Co. 7,774 137,989 Suiza Foods Corp./(1)(2)/ 2,182 137,771 webMethods Inc./(1)(2)/ 19,901 137,516
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Urocor Inc./(1)/ 7,818 $ 137,440 Matrixone Inc./(1)/ 25,221 137,202 Acacia Research Corp./(1)(2)/ 14,917 137,087 Sterling Bancshares Inc. 10,363 136,999 Electroglas Inc./(1)/ 10,987 136,788 UGI Corp. 5,022 136,096 Ivex Packaging Corp./(1)/ 7,961 135,735 Tejon Ranch Co./(1)/ 6,027 135,608 Key Productions Co. Inc./(1)/ 11,737 135,562 UnitedGlobalCom Inc. "A"/(1)(2)/ 58,312 135,284 7-Eleven Inc./(1)/ 13,999 135,090 Metasolv Inc./(1)/ 22,420 134,520 Vital Sign Inc. 4,389 134,303 Ackerly Group Inc. (The)/(1)/ 12,527 134,039 American Woodmark Corp. 4,565 133,983 Conestoga Enterprises Inc. 5,836 133,936 Denbury Resources Inc./(1)/ 16,145 133,842 Integral Systems Inc./(1)/ 7,380 133,135 Research Frontiers Inc./(1)(2)/ 8,171 132,779 Smucker (J.M) Company (The) 5,152 132,149 Corvas International Inc./(1)/ 22,981 132,141 Offshore Logistics Inc./(1)/ 6,818 130,837 Benchmark Electronics Inc./(1)/ 7,904 130,574 Radiant Systems Inc./(1)/ 12,780 130,356 Centillium Communications Inc./(1)/ 21,369 129,496 Titan Pharmaceuticals Inc./(1)/ 20,703 129,394 Zygo Corp./(1)/ 12,429 128,143 United Natural Foods Inc./(1)/ 7,003 127,315 InteliData Technologies Corp./(1)/ 38,744 127,080 DigitalThink Inc./(1)/ 16,437 127,058 Parkervision Inc./(1)(2)/ 7,036 126,929 Esperion Therapeutics Inc./(1)/ 17,004 126,680 ProQuest Company/(1)/ 3,848 126,599 O'Charley's Inc./(1)/ 7,294 125,092 Ultimate Electronics Inc./(1)/ 7,206 125,024 Stein Mart Inc./(1)/ 15,186 124,525 Select Medical Corp./(1)/ 7,877 124,063 Semitool Inc./(1)/ 12,951 123,812 DiamondCluster International Inc. "A"/(1)/ 12,539 123,509 Regeneration Technologies Inc./(1)/ 10,589 123,362 NCO Group Inc./(1)/ 9,012 123,284 Urologix Inc./(1)/ 9,050 123,080 Portal Software Inc./(1)/ 82,313 122,646 McGrath Rentcorp 5,686 122,306 Independent Bank Corp.(MI) 4,678 122,096 Conceptus Inc./(1)/ 6,989 121,609 Vitria Technology Inc./(1)/ 59,319 121,604 Penn National Gaming Inc./(1)/ 7,412 121,557 NeoPharm Inc./(1)/ 8,612 120,999 Powell Industries Inc./(1)/ 5,336 120,860 Cygnus Inc./(1)(2)/ 21,497 119,738 Computerized Thermal Imaging Inc./(1)/ 53,414 119,647 JNI Corp./(1)/ 19,110 119,437 Register.com/(1)/ 12,002 119,060 DUSA Pharmaceuticals Inc./(1)/ 11,592 118,934 IDX Systems Corp./(1)/ 11,553 118,418 Inspire Pharmaceuticals Inc./(1)/ 13,638 118,105 Advanced Neuromodulation Systems Inc./(1)/ 5,671 117,390 Lexent Inc./(1)/ 16,174 117,262 Startek Inc./(1)/ 6,692 117,043 CardioDynamics International Corp./(1)/ 24,366 116,957 Spanish Broadcasting System Inc. "A"/(1)/ 16,494 116,942 Kendle International Inc./(1)/ 5,913 116,723 Dobson Communications Corp. "A"/(1)(2)/ 11,234 116,272 Aphton Corp./(1)(2)/ 11,826 116,250 Buca Inc./(1)/ 10,336 115,970 Digimarc Corp./(1)/ 8,412 115,833 Lecroy Corp./(1)/ 5,976 115,755 Aether Systems Inc./(1)(2)/ 18,460 115,744 Northfield Laboratories Inc./(1)(2)/ 8,892 115,685 Aspect Medical Systems Inc./(1)/ 10,551 115,533 Vidamed Inc./(1)/ 30,200 115,364 National Golf Properties Inc. 7,140 114,597 Middlesex Water Co. 3,468 114,444 Avant Immunotherapeutics Inc./(1)/ 48,283 114,431 Action Performance Companies Inc./(1)(2)/ 6,274 114,250 II-VI Inc./(1)/ 8,734 113,804 Medicines Company (The)/(1)(2)/ 18,771 113,565 Entrust Technologies Inc./(1)/ 39,676 113,077 Pharmos Corp./(1)/ 46,310 112,996 Kos Pharmaceuticals Inc./(1)/ 4,041 112,542 Websense Inc./(1)/ 10,322 112,510 EntreMed Inc./(1)(2)/ 12,832 112,280 RPC Inc. 8,983 111,659 Excel Technology Inc./(1)/ 7,096 111,620 Array BioPharma Inc./(1)/ 12,351 111,406 Viewpoint Corp./(1)/ 32,765 111,401 Jill (J.) Group Inc. (The)/(1)/ 8,864 110,800 Genome Therapeutics Corp./(1)/ 19,093 110,739 Dendreon Corp./(1)/ 12,946 110,041
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Boston Communications Group Inc./(1)/ 9,809 $ 109,861 Raymond James Financial Inc. 4,038 109,632 Covansys Corporation/(1)/ 12,508 109,320 Nanometrics Inc./(1)/ 6,170 109,271 First Midwest Bancorp Inc. 3,233 109,211 Quixote Corp. 5,189 109,021 Carreker Corp./(1)/ 14,357 108,970 La Jolla Pharmaceutical Co./(1)/ 26,763 108,925 Symmetricom Inc./(1)/ 19,988 108,735 Rightchoice Managed Care Inc./(1)/ 2,171 108,659 Dycom Industries Inc./(1)/ 9,356 108,530 CorVel Corp./(1)/ 4,093 107,646 3D Systems Corp./(1)/ 6,898 107,609 Iomega Corp./(1)/ 87,787 107,100 Somera Communications Inc./(1)/ 24,865 106,920 eSPEED Inc. "A"/(1)(2)/ 13,312 106,363 Microvision Inc./(1)(2)/ 8,289 106,099 National Healthcare Corp./(1)/ 6,886 105,976 Idex Corp. 3,824 105,734 Martha Stewart Living Inc. "A"/(1)(2)/ 7,078 105,462 Mattson Technology Inc./(1)/ 26,320 105,280 Digital Lightwave Inc./(1)(2)/ 10,720 105,163 Elizabeth Arden Inc./(1)(2)/ 8,233 105,135 Profit Recovery Group International Inc. (The)/(1)/ 10,732 104,959 X-Rite Inc. 13,250 104,675 Sequenom Inc./(1)/ 14,927 104,489 Pathmark Stores Inc./(1)/ 4,381 104,268 Rigel Pharmaceuticals Inc./(1)(2)/ 20,852 104,260 Central Coast Bancorp/(1)/ 4,971 104,242 Actrade Financial Technologies Ltd./(1)(2)/ 5,639 103,588 Vion Pharmaceuticals Inc./(1)/ 22,124 103,540 Net.B@nk Inc./(1)/ 12,346 103,336 Siliconix Inc./(1)/ 4,953 102,874 XO Communications Inc. "A"/(1)(2)/ 248,547 101,904 Young Broadcasting Corp. "A"/(1)/ 7,026 101,877 Daktronics Inc./(1)/ 11,558 101,710 Flow International Corp./(1)/ 10,498 101,621 Resources Connection Inc./(1)/ 5,580 101,444 Great Southern Bancorp Inc. 3,825 101,401 Illumina Inc./(1)/ 15,545 101,042 Mississippi Valley Bancshares Inc. 2,658 101,004 Western Multiplex Corp./(1)/ 26,813 100,270 Wabtec Corporation 9,189 100,160 SpeechWorks International Inc./(1)/ 20,313 100,143 Silicon Laboratories Inc./(1)(2)/ 7,256 100,060 Trendwest Resorts Inc./(1)(2)/ 4,036 99,891 Supergen Inc./(1)/ 14,165 99,863 Akamai Technologies Inc./(1)/ 34,180 99,464 Lantronix Inc./(1)/ 16,277 99,290 Centennial Bancorp 13,091 98,706 Holly Corp. 5,424 98,066 Cathay Bancorp Inc. 1,801 97,056 Sonosite Inc./(1)(2)/ 4,756 97,022 Silicon Image Inc./(1)/ 46,410 96,997 FalconStor Software Inc./(1)/ 11,137 96,558 Valence Technology Inc./(1)/ 27,207 96,313 Electronics For Imaging Inc./(1)/ 5,913 96,264 Pennsylvania Real Estate Investment Trust 4,529 96,241 DuPont Photomasks Inc./(1)/ 3,449 95,813 Sunrise Assisted Living Inc./(1)(2)/ 3,701 95,597 Midwest Banc Holdings Inc. 4,458 95,312 Columbia Laboratories Inc./(1)/ 21,222 95,287 Applied Molecular Evolution Inc./(1)/ 12,855 94,998 PetroQuest Energy Inc./(1)/ 18,860 94,866 Chiles Offshore Inc./(1)/ 4,691 94,758 AVI BioPharma Inc./(1)/ 12,750 94,350 Energy Partners Ltd./(1)/ 13,485 94,125 Pain Therapeutics Inc./(1)/ 13,412 93,884 Meridian Resource Corp. (The)/(1)/ 28,873 93,837 Del Monte Foods Co./(1)/ 12,182 93,801 Progenics Pharmaceuticals Inc./(1)/ 6,744 93,742 Micros Systems Inc./(1)/ 5,275 93,737 Sterling Bancorp 3,254 93,553 Hydril Co./(1)/ 6,708 93,442 Private Media Group Inc./(1)(2)/ 12,048 93,372 Federal Realty Investment Trust 4,226 92,972 Transaction Systems Architects Inc. "A"/(1)/ 14,798 92,931 Quicksilver Resources Inc./(1)/ 6,817 92,711 Gulfmark Offshore Inc./(1)/ 3,851 92,424 Robert Mondavi Corp. (The) "A"/(1)/ 2,592 92,275 Genzyme Corp. - Molecular Oncology/(1)/ 11,906 92,271 Alloy Online Inc./(1)(2)/ 7,413 91,476 I-Stat Corp./(1)/ 14,989 91,433 Trex Co. Inc./(1)(2)/ 5,238 91,403 Sciclone Pharmaceuticals Inc./(1)/ 27,204 91,133 Community First Bankshares Inc. 3,787 90,964 Coherent Inc./(1)/ 3,195 90,738 Telik Inc./(1)/ 13,941 90,617 AnnTaylor Stores Corp./(1)/ 4,126 90,442
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- TriPath Imaging Inc./(1)/ 21,025 $ 90,408 Metawave Communications Corp./(1)/ 33,330 89,991 Lynch Interactive Corp./(1)/ 1,813 89,744 Med-Design Corp. (The)/(1)(2)/ 6,228 89,683 Curis Inc./(1)/ 25,576 89,516 Auspex Systems Inc./(1)/ 37,967 89,222 Miravant Medical Technologies/(1)/ 11,571 88,518 Universal Display Corp./(1)(2)/ 12,553 88,499 Green Mountain Coffee Inc./(1)/ 3,786 87,267 Closure Medical Corp./(1)(2)/ 4,522 87,048 RPM Inc. 9,193 86,874 VaxGen Inc./(1)(2)/ 6,939 86,738 Alexander's Inc./(1)/ 1,424 86,722 Paradigm Genetics Inc./(1)/ 13,828 86,425 Gymboree Co./(1)(2)/ 13,189 85,728 Oceaneering International Inc./(1)/ 5,299 85,685 WESCO International Inc./(1)/ 16,599 85,485 EarthShell Corp./(1)/ 38,824 85,413 Netro Corp./(1)/ 31,621 85,377 SBS Technologies Inc./(1)/ 7,642 85,285 Caminus Corp./(1)/ 5,806 85,232 Syntroleum Corp./(1)/ 18,147 85,109 Pier 1 Imports Inc. 10,253 85,100 Blyth Inc. 4,278 85,089 Sanchez Computer Associates Inc./(1)/ 11,252 84,615 Novadigm Inc./(1)/ 11,449 84,150 R&G Financial Corp. "B" 4,891 84,125 Arrow International Inc. 2,255 84,111 Keynote Systems Inc./(1)/ 11,054 84,010 1-800-FLOWERS.com Inc./(1)/ 6,917 83,419 Allscripts Healthcare Solutions Inc./(1)/ 19,840 83,328 Concord Camera Corp./(1)/ 18,913 82,839 Specialty Laboratories Inc./(1)/ 3,012 82,830 Avant! Corp./(1)/ 27,906 82,602 Genencor International Inc./(1)(2)/ 8,299 81,828 Dril-Quip Inc./(1)/ 5,254 81,437 MapInfo Corp./(1)/ 11,108 81,088 Measurements Specialties Inc./(1)/ 8,114 80,247 Kenneth Cole Productions "A"/(1)/ 6,309 79,809 Wackenhut Corrections Corp./(1)/ 5,937 79,556 IMPCO Technologies Inc./(1)(2)/ 6,829 79,490 Peregrine Pharmaceuticals/(1)/ 80,092 79,291 Triangle Pharmaceuticals Inc./(1)/ 24,642 78,854 Virage Logic Corp./(1)/ 7,193 78,619 Fidelity Bankshares Inc. 5,875 78,431 HotJobs.com Ltd./(1)/ 13,054 77,932 Xybernaut Corp./(1)/ 38,744 77,488 Spectrasite Holdings Inc./(1)(2)/ 31,855 76,771 Systems & Computer Technology Corp./(1)/ 8,529 76,761 WatchGuard Technologies Inc./(1)/ 9,986 76,493 Mastec Inc./(1)/ 14,966 76,327 CoBiz Inc. 5,913 76,278 Baldor Electric Co. 3,834 76,105 Natures Sunshine Products Inc. 6,630 75,914 AnswerThink Consulting Group Inc./(1)/ 16,141 75,863 Clarent Corp./(1)/ 14,102 75,728 Option Care Inc./(1)(2)/ 4,858 75,493 Century Aluminum Company 9,407 75,350 Aware Inc./(1)/ 19,066 75,120 Micro General Corp./(1)/ 8,749 75,066 Mission West Properties Inc. 6,244 74,928 Valentis Inc./(1)/ 24,926 74,778 Cell Pathways Inc./(1)(2)/ 22,714 74,729 ATS Medical Inc./(1)/ 18,681 74,724 Steven Madden Ltd./(1)/ 7,361 74,714 Horizon Offshore Inc./(1)/ 12,167 74,219 Schawk Inc. 7,524 74,111 LSI Industries Inc. 2,959 73,975 Red Hat Inc./(1)/ 21,109 73,882 Aksys Ltd./(1)/ 14,629 73,876 S&T Bancorp Inc. 3,153 73,780 Triumph Group Inc./(1)/ 3,164 73,721 Novoste Corp./(1)/ 12,423 73,668 Meritage Corp./(1)/ 1,991 73,667 Hibbet Sporting Goods Inc./(1)/ 3,129 73,375 United Stationers Inc./(1)/ 2,450 73,182 Active Power Inc./(1)/ 14,543 72,860 Wireless Facilities Inc./(1)(2)/ 16,270 72,727 Avanex Corp./(1)/ 24,527 72,600 NN Inc. 8,311 72,472 Crown Media Holdings Inc./(1)/ 7,039 72,150 ADE Corp./(1)/ 7,655 71,957 MicroFinancial Inc. 5,213 71,679 POZEN Inc./(1)/ 16,399 71,336 BriteSmile Inc./(1)(2)/ 11,885 71,310 Wave Systems Corp. "A"/(1)/ 42,173 71,272 Keithley Instruments Inc. 4,965 71,248 Internap Network Services Corp./(1)/ 70,725 70,725 1-800 Contacts Inc./(1)/ 5,725 70,417 Transgenomic Inc./(1)/ 9,313 70,313
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Emex Corp./(1)(2)/ 10,733 $ 70,301 Proton Energy Systems Inc./(1)/ 14,853 69,958 Insmed Incorporated/(1)/ 26,095 69,935 Monaco Coach Corp./(1)/ 4,878 69,512 ACTV Inc./(1)/ 33,816 68,985 Orchid Biosciences Inc./(1)/ 31,394 68,753 CompuCredit Corp./(1)(2)/ 9,427 68,723 Financial Institutions Inc. 2,921 68,468 Performance Technologies Inc./(1)/ 8,319 68,382 United National Bancorp 2,659 67,805 Ribozyme Pharmaceuticals Inc./(1)/ 9,699 67,796 PLX Technology Inc./(1)/ 13,049 67,463 Artisan Components Inc./(1)/ 8,512 67,415 SkillSoft Corp./(1)/ 4,214 67,340 Keryx Biopharmaceuticals Inc./(1)/ 10,572 66,498 World Acceptance Corp./(1)/ 9,456 66,192 Liberty Digital Inc. "A"/(1)/ 16,478 66,077 Genzyme Transgenics Corp./(1)/ 17,159 66,062 Beasley Broadcast Group Inc. "A"/(1)/ 6,442 66,030 Crawford & Co. "B" 5,279 65,724 Modis Professional Services Inc./(1)/ 16,408 65,632 Watson Wyatt & Co. Holdings/(1)/ 4,118 65,476 Celeritek Inc./(1)/ 5,506 65,136 Key3Media Group Inc./(1)/ 16,380 64,865 General Cable Corp. 6,552 64,537 North American Scientific Inc./(1)/ 5,950 64,260 Magna Entertainment Corp. "A"/(1)/ 10,600 64,236 Oplink Communications Inc./(1)/ 97,261 64,192 Docent Inc./(1)/ 30,958 64,083 Terremark Worldwide Inc./(1)/ 128,002 64,001 Fisher Communications Inc. 1,228 63,856 FiberCore Inc./(1)/ 26,583 63,799 Genelabs Technologies Inc./(1)/ 34,370 63,584 Deltagen Inc./(1)/ 8,954 63,305 Pinnacle Systems Inc./(1)/ 21,726 63,223 GenesisIntermedia Inc./(1)(2)/ 10,652 62,847 Ulticom Inc./(1)/ 7,753 62,644 Hemispherx Biopharma Inc./(1)(2)/ 15,533 62,598 Glacier Bancorp Inc. 3,276 62,244 CCC Information Services Group Inc./(1)/ 8,496 62,106 NetScout Systems Inc./(1)/ 14,492 61,591 Digex Inc./(1)/ 18,400 61,456 Regent Communications Inc./(1)/ 10,196 61,380 U.S. Physical Therapy Inc./(1)/ 3,773 61,236 Pericom Semiconductor Corp./(1)/ 4,389 61,007 Boston Beer Co Inc. "A"/(1)/ 5,169 60,787 Trikon Technologies Inc./(1)/ 7,172 60,532 MCSi Inc./(1)(2)/ 3,752 60,445 ChipPAC Inc./(1)/ 26,270 60,421 Acclaim Entertainment Inc./(1)/ 22,446 60,155 Steel Dynamics Inc./(1)/ 6,035 59,686 MRO Software Inc./(1)/ 5,841 59,578 Vysis Inc./(1)/ 2,961 59,516 Packeteer Inc./(1)/ 18,649 59,490 Witness Systems Inc./(1)/ 7,289 59,405 Targeted Genetics Corp./(1)/ 31,564 59,340 Catalytica Energy Systems Inc./(1)/ 7,722 59,151 Applied Innovation/(1)/ 7,439 59,140 UNB Corp. 3,474 59,127 Mesa Air Group Inc./(1)(2)/ 18,110 59,039 Oriental Financial Group Inc. 2,926 58,959 TTM Technologies Inc./(1)/ 9,536 58,932 Artesyn Technologies Inc./(1)/ 10,725 58,344 Sangamo BioSciences Inc./(1)/ 7,759 58,115 Kosan Biosciences Inc./(1)/ 10,871 57,616 Coldwater Creek Inc./(1)/ 3,137 57,407 Visual Networks Inc./(1)/ 25,089 57,203 Adaptec Inc./(1)/ 7,220 56,749 Hollywood Casino Corp. "A"/(1)/ 8,390 56,632 Mechanical Technology Inc./(1)/ 16,165 56,578 Hyseq Inc./(1)/ 9,189 56,145 Genaissance Pharmaceuticals Inc./(1)/ 14,401 56,020 First Community Bancshares Inc. 1,771 55,964 SPSS Inc./(1)/ 3,235 55,674 Spectra-Physics Lasers Inc./(1)/ 3,126 55,487 National Penn Bancshares Inc. 2,351 55,249 Dynacq International Inc./(1)(2)/ 3,652 54,963 Tompkins County Trustco Inc. 1,444 54,872 Catapult Communications Corp./(1)/ 3,986 54,847 Nanogen Inc./(1)/ 11,231 54,807 Ariad Pharmaceuticals Inc./(1)/ 22,277 54,579 Apogee Enterprises Inc. 4,230 54,567 Onyx Pharmaceuticals Inc./(1)/ 15,531 54,514 Tuesday Morning Corp./(1)/ 5,934 54,474 OSCA Inc./(1)/ 3,498 54,219 Harvard Bioscience Inc./(1)/ 5,420 54,200 Next Level Communications Inc./(1)/ 17,631 53,949 International Bancshares Corp. 1,391 53,553 Avici Systems Inc./(1)/ 41,585 53,229 Scientific Games Corp. "A"/(1)/ 13,381 53,123
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- ONYX Software Corp./(1)/ 27,661 $ 52,556 Manufacturers Services Ltd./(1)/ 12,940 52,407 McAfee.com Corp./(1)/ 4,525 52,264 Alliance Gaming Corp./(1)(2)/ 3,652 51,858 Arrow Financial Corp. 1,840 51,465 Ventiv Health Inc./(1)/ 12,671 51,444 UCAR International Inc./(1)/ 5,744 51,122 SJNB Financial Corp. 1,223 51,072 Prosperity Bancshares Inc. 1,976 50,783 I-many Inc./(1)/ 21,802 50,581 IXYS Corporation/(1)/ 8,424 50,123 Wintrust Financial Corp. 1,608 49,928 Playboy Enterprises Inc. "B"/(1)/ 4,027 49,733 HealthExtras Inc./(1)(2)/ 9,659 49,647 3DO Co. (The)/(1)/ 24,142 49,491 Global Imaging Systems Inc./(1)/ 2,825 49,409 Financial Federal Corp./(1)/ 2,012 49,294 SRI/Surgical Express Inc./(1)/ 1,655 49,236 Innovative Solutions and Support Inc./(1)/ 6,698 48,694 Wilsons The Leather Experts Inc./(1)/ 5,383 48,662 OTG Software Inc./(1)/ 8,763 48,635 SIPEX Corp./(1)/ 7,515 48,547 Inet Technologies Inc./(1)/ 8,212 48,533 Medallion Financial Corp. 5,875 48,469 Community Banks Inc. 1,958 47,775 Sterling Financial Corp.(WA) 2,228 47,568 MacroChem Corp./(1)(2)/ 19,392 47,510 Phoenix Technologies Ltd./(1)/ 4,727 47,412 Star Scientific Inc./(1)/ 17,154 47,345 Multex.com Inc./(1)/ 22,839 47,277 Bebe Stores Inc./(1)(2)/ 3,138 47,258 Palm Harbor Homes Inc./(1)/ 2,518 47,087 Ansoft Corp./(1)/ 5,156 47,023 ON Semiconductor Corp./(1)/ 25,061 46,363 Winnebago Industries Inc. 2,160 46,332 Management Network Group Inc. (The)/(1)/ 7,639 46,216 North Pittsburgh Systems Inc. 3,124 46,048 Medis Technologies Ltd./(1)(2)/ 7,272 45,886 Harleysville National Corp. 2,118 45,537 Satcon Technology Corp./(1)/ 8,440 45,492 Wilson Greatbatch Technologies Inc./(1)/ 1,549 45,386 Arctic Cat Inc. 3,357 45,252 Liqui-Box Corp. 1,096 45,210 Chordiant Software Inc./(1)/ 24,100 45,067 Mueller Industries Inc./(1)/ 1,562 44,829 Embarcadero Technologies Inc./(1)(2)/ 5,665 44,584 Crown American Realty Trust 6,265 44,481 Turnstone Systems Inc./(1)(2)/ 14,756 44,268 Nanophase Technologies Corp./(1)/ 9,854 43,850 New Horizons Worldwide Inc./(1)/ 3,796 43,743 SignalSoft Corp./(1)/ 11,121 43,703 PC Connection Inc./(1)/ 5,596 43,313 Westfield America Inc. 2,647 42,749 Downey Financial Corp. 968 42,718 OPNET Technologies Inc./(1)/ 7,242 42,438 SeeBeyond Technology Corp./(1)/ 23,548 42,386 Digital Generation Systems Inc./(1)/ 29,766 42,268 Convera Corp./(1)/ 17,176 42,081 TradeStation Group Inc./(1)/ 17,149 42,015 Atlas Air Inc./(1)/ 4,259 41,951 World Wrestling Federation Entertainment Inc./(1)/ 3,175 41,910 Carter-Wallace Inc. 2,042 41,718 Saba Software Inc./(1)(2)/ 20,988 41,556 Divine Inc. "A"/(1)/ 67,052 41,552 Stanley Furniture Co. Inc./(1)/ 1,720 41,486 First Consulting Group Inc./(1)/ 4,575 41,129 Collins & Aikman Corp./(1)/ 6,676 41,057 Sunrise Telecom Inc./(1)/ 8,184 40,838 Analogic Corp. 1,008 40,824 Ciphergen Biosystems Inc./(1)/ 13,265 40,458 KCS Energy Inc./(1)/ 11,415 40,295 Simpex Solutions Inc./(1)/ 2,661 40,234 H Power Corp./(1)/ 12,893 40,226 Third Wave Technologies Inc./(1)/ 6,339 40,062 Zomax Inc./(1)/ 7,360 39,965 EXE Technologies Inc./(1)/ 19,446 39,670 Valmont Industries Inc. 2,813 39,382 Brio Technology Inc./(1)/ 16,136 39,210 Gulf Island Fabrication Inc./(1)/ 4,599 39,183 NTELOS Inc./(1)/ 4,690 39,162 Cobalt Corp. 7,632 38,923 StarBase Corp./(1)/ 58,842 38,836 Stanford Microdevices Inc./(1)/ 8,657 38,437 Spiegel Inc. "A" 5,426 38,253 Large Scale Biology Corp./(1)/ 10,255 37,944 NBC Capital Corporation 1,157 37,892 Datastream Systems Inc./(1)/ 12,595 37,785 QRS Corp./(1)(2)/ 4,497 37,775 NATCO Group Inc. "A"/(1)/ 4,860 37,325
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Immune Response Corp./(1)/ 25,977 $ 36,887 Umpqua Holdings Corp./(2)/ 2,985 36,865 New Century Financial Corp./(1)(2)/ 3,735 36,603 Synplicity Inc./(1)/ 6,524 36,534 AT&T Latin America Corp./(1)/ 20,703 36,437 Arris Group Inc./(1)/ 10,165 36,391 C-COR.net Corp./(1)/ 5,309 36,367 Pegasus Solutions Inc./(1)/ 4,313 36,143 ADTRAN Inc./(1)/ 1,883 35,965 Clayton Williams Energy Inc./(1)/ 3,858 35,957 America Online Latin America Inc. "A"/(1)(2)/ 10,922 35,933 Peco II Inc./(1)/ 7,484 35,923 Woodhead Industries Inc. 2,391 35,769 ROHN Industries Inc./(1)/ 14,473 35,748 Wackenhut Corp. "A"/(1)(2)/ 1,496 35,605 Corrections Corp. of America/(1)(2)/ 2,694 35,453 APAC Customer Services Inc. 20,242 35,423 Energen Corp. 1,564 35,190 Penn Engineering & Manufacturing Corp. 2,472 35,102 Brightpoint Inc./(1)/ 11,170 34,627 Syntel Inc./(1)/ 4,220 34,604 Hyperion Solutions Corp./(1)/ 2,590 34,602 Oil States International Inc./(1)/ 5,221 34,459 3 Dimensional Pharmaceuticals Inc./(1)/ 4,980 34,113 Centennial Cellular Corp. "A"/(1)/ 3,782 34,038 Lakeland Bancorp Inc. 2,434 33,954 Kana Communications Inc./(1)/ 93,148 33,533 AEP Industries Inc./(1)/ 1,336 33,400 BSQUARE Corp./(1)/ 12,560 33,284 WJ Communications Inc./(1)/ 8,656 32,893 Support.com Inc./(1)/ 13,674 32,818 Kaydon Corp. 1,554 32,525 Oshkosh Truck Corp. 893 32,344 Corillian Corp./(1)/ 16,289 32,252 Art Technology Group Inc./(1)/ 45,628 31,940 Sonic Automotive Inc./(1)/ 2,343 31,865 Arden Group Inc. "A"/(1)/ 707 31,560 Millennium Cell Inc./(1)/ 8,336 31,177 Trust Company of New Jersey (The) 1,240 31,124 Thomas Industries Inc. 1,438 30,989 Coca-Cola Bottling Co. 819 30,917 Moldflow Corp./(1)/ 3,603 30,517 JDA Software Group Inc./(1)/ 2,319 30,472 Duraswitch Industries Inc./(1)/ 3,034 30,461 Universal American Financial Corp./(1)/ 5,373 29,820 Viasystems Group Inc./(1)/ 45,808 29,775 Ameristar Casinos Inc./(1)/ 2,280 29,708 Nautica Enterprises Inc./(1)/ 2,505 29,659 Microstrategy Inc./(1)(2)/ 26,118 29,513 Gorman Rupp Co. 1,519 29,469 EXACT Sciences Corp./(1)/ 3,181 29,456 August Technology Corp./(1)/ 3,583 29,381 Florida East Coast Industries Inc. 1,335 29,370 Callon Petroleum Corp./(1)/ 4,283 29,124 CLARCOR Inc. 1,194 28,537 V.I. Technologies Inc./(1)/ 4,380 28,032 Puma Technology Inc./(1)/ 20,612 27,826 IDT Corp./(1)/ 2,418 27,807 Seattle Genetics Inc./(1)/ 5,556 27,780 Braun Consulting Inc./(1)/ 7,708 27,749 Purina Mills Inc./(1)/ 1,247 27,683 FTD.COM Inc./(1)/ 6,948 26,750 Genlyte Group Inc. (The)/(1)/ 921 26,709 Medford Bancorp Inc. 1,378 26,595 Eden Bioscience Corp./(1)(2)/ 3,443 26,236 NMS Communications Corp./(1)(2)/ 16,728 26,096 Extensity Inc./(1)/ 9,311 26,071 Cable Design Technologies Corp./(1)/ 2,182 25,857 ATP Oil & Gas Corp./(1)/ 3,707 25,764 GenStar Therapeutics Corp./(1)/ 9,127 25,647 BioSphere Medical Inc./(1)/ 3,084 25,443 LodgeNet Entertainment Corp./(1)/ 2,307 25,354 IHOP Corp./(1)/ 960 25,152 SPS Technologies Inc./(1)/ 830 25,099 Quaker Chemical Corp. 1,356 24,611 Infogrames Inc./(1)/ 7,237 24,606 NL Industries Inc. 1,639 24,569 Urban Outfitters Inc./(1)/ 2,153 24,114 Philadelphia Consolidated Holding Co./(1)/ 687 23,866 Richardson Electronics Ltd. 2,848 23,524 Interactive Intelligence Inc./(1)/ 4,591 22,955 PYR Energy Corp./(1)/ 12,263 22,687 TiVo Inc./(1)(2)/ 6,817 22,632 ESCO Technologies Inc./(1)/ 896 22,310 Inkine Pharmaceutical Co./(1)/ 28,971 22,308 ITC DeltaCom Inc./(1)/ 18,542 22,250 Handspring Inc./(1)/ 16,426 22,175 Click Commerce Inc./(1)/ 14,754 22,131 Central Parking Corp./(2)/ 1,576 22,048
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- PEC Solutions Inc./(1)/ 1,281 $ 21,828 Albany International Corp. "A"/(1)/ 1,452 21,722 Sykes Enterprises Inc./(1)/ 3,886 21,684 Saul Centers Inc. 1,136 21,584 Madison Gas & Electric Co. 854 21,478 Belden Inc. 1,138 21,394 Paxar Corp./(1)/ 1,674 21,344 CacheFlow Inc./(1)/ 14,202 21,303 Alabama National Bancorp 636 20,988 Hancock Fabrics Inc. 2,509 20,574 ICT Group Inc./(1)/ 2,202 20,258 Copper Mountain Networks Inc./(1)/ 25,001 20,001 Troy Financial Corp. 936 19,787 Beacon Power Corporation/(1)/ 12,928 19,651 Barnes Group Inc. 920 19,596 Carrier Access Corp./(1)/ 7,214 19,406 MacDermid Inc. 1,509 19,225 Blue Martini Software Inc./(1)/ 24,600 19,188 Wild Oats Markets Inc./(1)(2)/ 2,378 18,881 Cosine Communications Inc./(1)/ 50,774 18,786 UAXS Global Holdings Inc./(1)/ 24,915 18,437 Supertex Inc./(1)/ 1,203 18,334 Checkpoint Systems Inc./(1)/ 1,645 17,980 Spartech Corp. 859 17,764 Elcor Corp. 822 17,698 Foamex International Inc./(1)/ 2,842 17,478 Act Manufacturing Inc./(1)(2)/ 3,928 17,440 Loudcloud Inc./(1)/ 15,467 17,323 Revlon Inc. "A"/(1)(2)/ 3,278 17,210 Cheap Tickets Inc./(1)/ 1,044 17,111 Digitas Inc./(1)/ 7,411 17,045 Lexar Media Inc./(1)/ 16,835 16,835 Seacoast Banking Corp. of Florida 376 15,863 Irwin Financial Corp./(2)/ 746 15,591 Align Technology Inc./(1)(2)/ 7,020 15,304 SureBeam Corporation "A"/(1)(2)/ 1,811 15,031 Buckeye Technologies Inc./(1)/ 1,453 14,385 Comstock Resources Inc./(1)/ 2,407 14,298 Uniroyal Technology Corp./(1)/ 4,523 14,202 Connecticut Bankshares Inc. 640 14,144 Independent Bank Corp.(MA) 863 14,067 CPI Corp. 973 13,982 Aaron Rents Inc. "B" 892 13,826 ZixIt Corp./(1)(2)/ 2,842 13,698 Luminent Inc./(1)/ 6,760 13,520 Avid Technology Inc./(1)/ 1,835 13,377 BKF Capital Group Inc./(1)/ 477 12,879 Matrix Pharmaceutical Inc./(1)/ 22,052 12,790 Astec Industries Inc./(1)/ 982 12,776 CSK Auto Corp./(1)/ 2,042 12,762 Rent-Way Inc./(1)/ 2,416 12,684 Perini Corp./(1)/ 1,933 12,565 Ultratech Stepper Inc./(1)/ 981 11,743 Maui Land & Pineapple Co./(1)/ 585 11,700 VerticalNet Inc./(1)/ 32,208 11,595 Finova Group Inc./(1)/ 10,239 11,468 Gentek Inc. 3,414 11,095 Dover Downs Entertainment Inc. 896 11,092 First Republic Bank/(1)/ 483 11,085 Trico Marine Services Inc./(1)/ 1,861 11,017 JP Realty Inc. 490 10,951 Bank Mutual Corp. 662 10,658 Oneida Ltd. 717 10,289 Pricesmart Inc./(1)/ 291 10,185 Cumulus Media Inc. "A"/(1)/ 1,365 9,487 Liberty Livewire Corporation "A"/(1)/ 1,382 9,301 Inter-Tel Inc. 797 9,134 Constellation 3D Inc./(1)/ 11,905 8,572 Oglebay Norton Co. 578 8,497 United Industial Corp. 568 8,350 NewPower Holdings Inc./(1)/ 2,627 8,091 Covenant Transport Inc. "A"/(1)/ 831 7,811 infoUSA Inc./(1)/ 1,892 7,682 HEICO Corp. 507 7,605 Buckle Inc. (The)/(1)/ 457 7,540 Tripath Technology Inc./(1)/ 13,181 7,381 Maxwell Technologies Inc./(1)/ 1,103 7,170 Alliance Fiber Optic Products Inc./(1)/ 8,591 6,959 Deb Shops Inc. 338 6,956 Aspect Communications Corp./(1)/ 3,783 6,772 USinternetworking Inc./(1)/ 23,932 6,462 American Realty Investors Inc./(1)/ 580 6,426 Optical Communication Products Inc./(1)/ 2,699 6,262 Novatel Wireless Inc./(1)/ 16,055 6,261 Global Sports Inc./(1)(2)/ 536 6,244 Ambassadors International Inc. 368 6,146 Pinnacle Holdings Inc./(1)/ 15,661 6,108 Tropical Sportswear International Corp./(1)/ 348 5,899 Tanger Factory Outlet Centers Inc. 259 5,361 Nu Horizons Electronics Corp./(1)/ 702 5,300
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 123 iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Shares or Security Principal Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Ladish Co. Inc./(1)/ 657 $ 5,223 SLI Inc. 1,832 4,745 Lydall Inc./(1)/ 677 4,468 ANC Rental Corp./(1)/ 8,499 4,419 Focal Communications Corp./(1)(2)/ 13,197 3,827 Optical Cable Corp./(1)(2)/ 1,954 3,615 Interland Inc./(1)/ 3,286 3,450 Value Line Inc. 86 3,294 OmniSky Corp./(1)/ 9,211 2,303 Lightpath Technologies Inc. "A"/(1)/ 1,143 2,035 IMPSAT Fiber Networks Inc./(1)/ 7,749 1,550 National Beverage Corp./(1)/ 149 1,490 StarMedia Network Inc./(1)/ 7,973 1,276 Frontline Capital Group Inc./(1)/ 13,070 1,176 D.R. Horton Inc. 1 21 - ------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $341,578,095) 260,140,668 - ------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 10.00% - ------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $11,670,783 11,670,783 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 2,412,846 2,412,846 Providian Temp Cash Money Market Fund/(3)/ 11,955,821 11,955,821 - ------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $26,039,450) 26,039,450 - ------------------------------------------------------------------- Security Principal Value - ------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.05% - ------------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $128,482 and an effective yield of 2.90%. $ 128,451 $ 128,451 - ------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $128,451) 128,451 - ------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 109.94% (Cost $367,745,996) 286,308,569 - ------------------------------------------------------------------- Other Assets, Less Liabilities -- (9.94%) (25,877,875) - ------------------------------------------------------------------- NET ASSETS -- 100.00% $260,430,694 ===================================================================
/(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- page 124 i|Shares iShares Russell 2000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS - 99.75% - ------------------------------------------------------------------- Ball Corp. 38,476 $ 2,304,711 Dean Foods Co. 49,777 2,302,186 Coventry Health Care Inc./(1)/ 90,951 2,146,444 AmerUs Group Co. 59,706 2,101,651 Sierra Pacific Resources Corp. 137,888 2,082,109 Citizens Banking Corp. 64,477 2,068,422 StanCorp Financial Group Inc. 42,586 2,061,162 Sensormatic Electronics Corp./(1)(2)/ 86,666 2,043,584 Colonial BancGroup Inc. 157,520 2,016,256 United Dominion Realty Trust 140,352 2,004,227 Post Properties Inc. 53,631 1,988,637 IndyMac Bancorp Inc./(1)/ 72,565 1,967,237 Peoples Energy Corp. 49,286 1,959,611 BRE Properties Inc. "A"/(2)/ 64,811 1,941,089 Suiza Foods Corp./(1)(2)/ 30,718 1,939,535 First American Corp. 94,896 1,921,644 Weingarten Realty Investors 39,299 1,909,931 RGS Energy Group Inc. 48,177 1,864,450 Highwoods Properties Inc. 74,922 1,854,320 Camden Property Trust 49,891 1,850,956 WGL Holdings Inc. 67,568 1,816,904 Novell Inc./(1)/ 494,049 1,808,219 Independence Community Bank Corp. 82,311 1,788,618 Bancorp South Inc. 114,950 1,770,230 Hawaiian Electric Industries Inc./(2)/ 45,192 1,762,488 First Midwest Bancorp Inc. 50,139 1,693,695 CBRL Group Inc. 77,060 1,693,008 Commercial Federal Corp. 69,600 1,689,192 First Industrial Realty Trust 55,141 1,654,230 Andrew Corp./(1)/ 89,875 1,633,928 Whitney Holding Corp. 36,714 1,578,702 Harsco Corp. 55,541 1,541,818 York International Corp. 53,698 1,537,911 Rayonier Inc. 37,918 1,534,541 IKON Office Solutions Inc. 197,512 1,524,793 AGL Resources Inc. 76,346 1,524,630 DQE Inc./(2)/ 77,824 1,497,334 BorgWarner Inc. 36,641 1,476,632 HRPT Properties Trust 181,241 1,475,302 Ryder System Inc. 73,469 1,468,645 Healthcare Realty Trust 56,783 1,447,967 Edwards Lifesciences Corp./(1)/ 63,922 1,431,853 Thomas & Betts Corp. 80,974 1,415,426 Corn Products International Inc. 49,147 1,411,993 KB HOME/(2)/ 49,335 1,401,607 Beverly Enterprises Inc./(1)/ 135,171 1,378,744 Public Service Company of New Mexico 54,481 1,373,466 Furniture Brands International Inc./(1)(2)/ 70,196 1,367,418 Kennametal Inc. 42,637 1,360,973 IMC Global Inc. 150,802 1,357,218 ArvinMeritor Inc. 92,635 1,323,754 Alexander & Baldwin Inc. 56,511 1,322,923 Commerce Group Inc. 34,775 1,321,450 Piedmont Natural Gas Co. 42,227 1,314,949 Pittston Brink's Group 72,093 1,304,883 Cytec Industries Inc./(1)/ 56,062 1,297,835 Nationwide Health Properties Inc. 65,785 1,292,675 Berkley (W.R.) Corp. 26,490 1,271,520 WPS Resources Corp./(2)/ 36,909 1,269,670 Developers Diversified Realty Corp. 69,951 1,255,620 Shurgard Storage Centers Inc. "A" 41,650 1,255,331 Dole Food Co. 58,642 1,254,939 Raymond James Financial Inc. 45,879 1,245,615 Cooper Tire & Rubber Co. 87,381 1,244,305 Harman International Industries Inc. 36,878 1,235,413 Pennzoil-Quaker State Co. 110,450 1,234,831 Silicon Valley Bancshares/(1)/ 60,884 1,229,857 ONEOK Inc. 73,993 1,225,324 Atmos Energy Corp./(2)/ 56,558 1,221,653 Susquehanna Bancshares Inc. 54,722 1,217,565 Reckson Associates Realty Corp./(2)/ 50,251 1,213,562 Zale Corp./(1)/ 45,738 1,211,142 Alfa Corp. 54,597 1,205,502 Realty Income Corp. 41,447 1,201,963 RPM Inc. 127,112 1,201,208 United Stationers Inc./(1)/ 40,206 1,200,953 Cleco Corp. 57,893 1,193,175 Prentiss Properties Trust 43,388 1,193,170 National Service Industries Inc. 57,367 1,184,629 Cabot Industrial Trust 57,228 1,173,174 American Greetings Corp. "A"/(2)/ 88,424 1,170,734 Dillards Inc. "A" 87,956 1,158,381 Pediatrix Medical Group Inc./(1)/ 28,328 1,155,499 Downey Financial Corp. 26,055 1,149,807 Longs Drug Stores Corp. 42,246 1,149,091 US Freightways Corp. 36,580 1,141,296 American Capital Strategies Ltd. 41,667 1,141,259 Sl Green Realty Corp./(2)/ 36,181 1,140,425 Health Care REIT Inc. 45,117 1,136,948 Centerpoint Properties Corp. 23,571 1,125,515 Philadelphia Suburban Corp. 42,598 1,118,623 Trinity Industries Inc. 51,491 1,114,780
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- AptarGroup Inc. 34,587 $ 1,099,867 Mueller Industries Inc./(1)/ 38,245 1,097,632 New Jersey Resources Corp. 24,749 1,094,153 Crompton Corp. 157,504 1,091,503 Community First Bankshares Inc. 44,590 1,071,052 La-Z-Boy Inc. 67,316 1,062,920 Arbitron Inc./(1)/ 40,621 1,062,645 Alliant Techsystems Inc./(1)/ 12,397 1,061,183 Potlatch Corp. 39,310 1,060,977 Electronics For Imaging Inc./(1)/ 64,934 1,057,126 Worthington Industries Inc. 93,935 1,056,769 Airgas Inc./(1)/ 78,900 1,047,003 Dial Corp. 62,511 1,034,557 Gables Residential Trust 33,602 1,030,237 Minerals Technologies Inc. 27,254 1,028,566 Jeffries Group Inc. 31,048 1,024,584 First Commonwealth Financial Corp. 81,317 1,012,397 Ohio Casualty Corp. 77,886 1,011,739 Interstate Bakeries Corp. 39,438 1,005,669 Sensient Technologies Corp. 53,723 1,000,859 Idex Corp./(2)/ 36,194 1,000,764 Horace Mann Educators Corp. 56,545 998,019 Adaptec Inc./(1)/ 126,004 990,391 Wisconsin Central Transportation Corp./(1)/ 57,809 987,378 Universal Corporation 29,534 985,550 Southern Union Co./(1)/ 47,049 984,736 US Oncology Inc./(1)/ 131,886 982,551 Kansas City Southern Industries Inc./(1)/ 81,742 980,904 Sybron Dental Specialties Inc./(1)/ 52,717 980,536 Harleysville Group Inc. 40,853 980,063 Fleming Companies Inc./(2)/ 33,182 978,869 Tecumseh Products Co. "A" 21,255 967,740 Coherent Inc./(1)/ 33,998 965,543 Macerich Co. (The) 43,590 963,339 Imation Corp./(1)/ 45,911 959,540 Pier 1 Imports Inc. 115,468 958,384 Toll Brothers Inc./(1)/ 32,219 955,938 Banta Corp. 34,250 954,548 Federal Realty Investment Trust 43,071 947,562 Modine Manufacturing Co. 38,537 947,239 Timken Co. 69,012 945,464 UMB Financial Corp. 22,778 945,287 El Paso Electric Co./(1)/ 71,868 945,064 Louisiana-Pacific Corp. 145,380 944,970 PSS World Medical Inc./(1)/ 98,989 944,355 South Financial Group Inc. (The)/(2)/ 59,378 940,548 American Financial Holdings Inc. 38,230 938,546 Staten Island Bancorp Inc. 37,822 932,312 F.N.B. Corp./(2)/ 35,620 931,463 Liberty Corp. 23,369 928,918 LNR Property Corp. 30,980 927,851 Millennium Chemicals Inc. 88,223 925,459 CH Energy Group Inc. 22,778 924,787 Summit Properties Inc. 34,989 918,461 Anixter International Inc./(1)(2)/ 36,854 913,242 Carlisle Companies Inc. 32,500 910,975 Fuller (H. B.) Co. 19,691 901,848 Texas Industries Inc. 29,152 900,797 Annaly Mortgage Management Inc. 62,246 899,455 Avista Corp. 66,098 898,933 Ryland Group Inc. 18,810 897,049 ADVO Inc./(1)/ 26,188 890,392 Republic Bancorp Inc. 61,654 882,269 Pan Pacific Retail Properties Inc. 33,295 877,323 Bob Evans Farms Inc. 48,462 876,193 United Bancshares Inc. 31,910 861,570 LandAmerica Financial Group Inc. 25,872 860,244 Southwest Gas Corp. 40,554 859,745 Flowers Foods Inc./(1)/ 23,527 852,854 Kilroy Realty Corp. 34,150 852,043 Storage USA Inc. 21,495 851,202 Westamerica Bancorp 23,532 848,329 Seacor Smit Inc./(1)/ 23,660 844,662 Wallace Computer Services Inc. 53,111 844,465 Fisher Scientific International Inc./(1)/ 33,112 841,045 PolyOne Corp. 107,740 840,372 Lancaster Colony Corp. 29,988 839,964 Overseas Shipholding Group Inc./(2)/ 38,076 837,672 Regency Centers Corp. 32,271 830,978 Selective Insurance Group Inc. 35,418 826,302 Pathmark Stores Inc./(1)/ 34,707 826,027 UIL Holdings Corporation 17,271 823,654 Owens-Illinois Inc./(1)/ 203,928 821,830 Northwest Natural Gas Co. 34,996 818,556 Energen Corp. 36,192 814,320 Chemical Financial Corp. 29,859 810,672 Ralcorp Holdings Inc./(1)/ 41,658 810,665 AMCORE Financial Inc. 35,532 807,287 UGI Corp. 29,583 801,699 International Bancshares Corp. 20,591 792,754 Oshkosh Truck Corp. 21,768 788,437 La Quinta Properties Inc./(1)/ 179,080 787,952
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Reliance Steel & Aluminum Co. 33,078 $ 785,933 First Financial Bancorp 50,667 785,845 Home Properties of NY Inc. 24,727 782,362 CBL & Associates Properties Inc. 28,600 779,350 Wolverine World Wide Inc. 57,912 778,337 Stewart Enterprises Inc. "A"/(1)/ 133,435 773,923 Cell Genesys Inc./(1)(2)/ 48,147 770,352 Blyth Inc. 38,449 764,751 Sun Communities Inc. 20,790 761,954 G&K Services Inc. "A" 28,613 759,675 National Data Corp./(2)/ 21,101 759,636 Regis Corp. 36,017 754,916 Wausau-Mosinee Paper Corp. 64,444 753,995 Kaydon Corp. 36,013 753,752 Capitol Federal Financial 39,416 753,240 Brandywine Realty Trust 35,048 747,574 Vector Group Ltd./(2)/ 17,439 745,362 Claire's Stores Inc. 58,831 744,212 Michaels Stores Inc./(1)/ 20,349 743,552 Media General Inc. "A" 17,113 742,020 Provident Bankshares Corp. 35,818 741,433 Alaska Air Group Inc./(1)/ 36,867 736,234 Toro Co. 17,472 735,571 Essex Property Trust Inc. 14,964 734,732 MAF Bancorp Inc. 25,601 733,725 Hughes Supply Inc. 32,638 727,827 UICI/(1)/ 53,336 726,970 NorthWestern Corp. 32,978 725,516 Ryan's Family Steak Houses Inc./(1)/ 42,369 725,357 USEC Inc. 112,109 720,861 Longview Fibre Co. 71,137 718,484 First Charter Corp. 43,479 710,882 Standard-Pacific Corp. 36,319 708,584 Briggs & Stratton Corp./(2)/ 22,647 706,813 Cornerstone Realty Income Trust 65,833 704,413 First Citizens Bancshares Inc. "A" 8,425 700,876 Pep Boys-Manny Moe & Jack Inc. 63,277 699,211 Yellow Corporation/(1)/ 33,954 690,624 Charter Municipal Mortgage Acceptance Corp. 43,227 690,335 CLARCOR Inc. 28,823 688,870 Granite Construction Inc. 26,588 681,716 Cable Design Technologies Corp./(1)/ 57,490 681,257 Collins & Aikman Corp./(1)/ 110,648 680,485 Interactive Data Corp. 51,073 669,056 Albemarle Corp. 35,275 666,697 Terex Corp./(1)/ 37,427 666,575 Charming Shoppes Inc./(1)/ 134,624 661,004 Interlogix Inc./(1)/ 27,218 658,676 Werner Enterprises Inc. 39,246 656,193 Casey's General Store Inc. 55,024 654,235 Greater Bay Bancorp/(2)/ 27,897 649,163 Florida East Coast Industries Inc. 29,458 648,076 Ruddick Corp. 42,202 645,691 Koger Equity Inc. 37,315 645,550 S&T Bancorp Inc. 27,560 644,904 M.D.C. Holdings Inc. 23,209 643,353 Waypoint Financial Corp. 48,624 643,296 Airborne Inc. 66,999 639,840 Scholastic Corp./(1)/ 14,702 639,537 Forest City Enterprises Inc. "A" 13,316 639,168 Donaldson Co. Inc. 22,166 638,824 Arch Chemicals Inc. 28,095 637,757 Aztar Corp./(1)/ 48,639 636,198 Kimball International Inc. "B" 48,298 635,602 Thornbury Mortgage Inc. 38,236 633,571 Laclede Gas Co. 26,304 631,296 FirstFed Financial Corp./(1)/ 24,055 625,430 Tucker Anthony Sutro Corporation 26,218 625,037 Otter Tail Power Co. 22,007 623,898 Hutchinson Technology Inc./(1)/ 35,041 623,730 Lincoln Electric Holding Inc. 28,319 623,584 Church & Dwight Co. Inc. 24,027 621,098 Liberate Technologies Inc./(1)/ 62,132 618,835 Ferro Corp./(2)/ 26,623 617,121 Vintage Petroleum Inc. 38,866 616,026 IHOP Corp.(1) 23,498 615,648 New York Community Bancorp 26,502 615,111 Delphi Financial Group Inc. "A" 18,183 614,585 Journal Register Co./(1)/ 37,033 611,045 UniSource Energy Corp. 43,586 610,204 Bay View Capital Corp./(1)/ 87,051 609,357 Belden Inc. 32,349 608,161 Gaylord Entertainment Co. "A"/(1)(2)/ 30,218 607,382 Terayon Communications Systems Inc./(1)/ 85,079 606,613 Vesta Insurance Group 46,079 603,635 Paxar Corp./(1)/ 47,312 603,228 Colonial Properties Trust 20,337 600,958 AnnTaylor Stores Corp./(1)/ 27,377 600,104 Trust Company of New Jersey (The) 23,870 599,137 Carpenter Technology Corp. 26,878 598,036 Zoran Corp./(1)/ 24,556 594,746
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- UCAR International Inc./(1)/ 66,310 $ 590,159 Harland (John H.) Co. 26,933 589,833 Tupperware Corp. 29,511 588,449 Tesoro Petroleum Corp./(1)/ 49,355 587,325 Kellwood Co. 31,652 585,562 Kirby Corp./(1)/ 25,948 583,830 Conmed Corp./(1)/ 32,859 581,604 Beazer Homes USA Inc./(1)(2)/ 11,933 579,944 Unifi Inc.(1) 70,205 575,681 Alamosa Holdings Inc./(1)/ 41,542 575,357 AGCO Corp. 63,509 574,756 Jones Lang LaSalle Inc./(1)/ 41,879 573,742 CORUS Bankshares Inc. 12,640 568,168 Arnold Industries Inc. 27,245 563,972 Commercial Net Lease Realty Inc. 42,492 563,019 Glimcher Realty Trust 34,741 562,109 FelCor Lodging Trust Inc./(2)/ 41,763 561,712 Integra Bank Corp. 24,224 557,152 NetIQ Corp./(1)/ 24,468 557,136 Alexandria Real Estate Equities Inc. 14,103 556,363 Lennox International Inc. 59,756 555,731 Meristar Hospitality Corp. 52,579 554,708 Invacare Corp. 13,563 549,302 Presidential Life Corp. 30,154 548,200 Harbor Florida Bancshares Inc. 30,674 548,144 Elcor Corp./(2)/ 25,452 547,982 Prime Hospitality Corp./(1)/ 62,186 547,237 Donnelley (R.H.) Corp./(1)/ 20,908 546,117 Chesapeake Corp. 21,073 544,737 Hyperion Solutions Corp./(1)/ 40,684 543,538 WesBanco Inc. 25,129 540,274 Mine Safety Appliances Co. 11,998 539,910 JLG Industries Inc. 58,395 534,898 Swift Transportation Co. Inc./(1)(2)/ 30,194 534,434 Ionics Inc./(1)/ 24,161 534,200 W Holding Co. Inc. 37,931 531,034 California Water Service Group 19,602 529,254 Spherion Corporation/(1)/ 73,127 526,514 Baldor Electric Co. 26,473 525,489 Crestline Capital Corp./(1)/ 18,516 523,077 Madison Gas & Electric Co. 20,770 522,366 American States Water Co. 14,073 520,701 Input/Output Inc./(1)/ 63,344 518,154 Mid-State Bancshares 30,331 517,750 Chittenden Corp. 20,300 515,620 Dycom Industries Inc./(1)/ 44,259 513,404 Seacoast Financial Services Corp. 34,511 513,179 Nash Finch Co. 15,024 512,318 Taubman Centers Inc. 40,930 511,625 Fleetwood Enterprises Inc./(2)/ 45,626 510,099 Mid-America Apartment Communities Inc. 19,609 509,834 Pulitzer Inc. 11,472 507,980 Schuler Homes Inc./(1)/ 41,801 507,882 Superior Industries International Inc. 15,278 507,382 Pacific Capital Bancorp 17,512 507,323 Empire District Electric Co. (The) 24,538 504,256 Petsmart Inc./(1)/ 71,537 503,620 ADTRAN Inc./(1)/ 26,353 503,342 NACCO Industries Inc. 9,019 502,809 Arkansas Best Corp./(1)/ 24,277 502,777 South Jersey Industries 16,382 502,108 Park Electrochemical Corp. 23,060 501,555 Glenborough Realty Trust Inc. 27,038 501,285 IDT Corp./(1)/ 43,341 498,422 Montana Power Co. 94,388 495,537 GenCorp. Inc. 43,670 495,218 REMEC Inc.(1) 62,263 493,746 Crawford & Co. "B" 39,576 492,721 Argonaut Group Inc. 30,001 491,716 NBT Bancorp Inc. 34,359 491,334 Schweitzer-Mauduit International Inc. 20,624 489,201 Dime Community Bancshares 19,310 488,929 PacifiCare Health Systems Inc. "A"/(1)(2)/ 38,737 487,699 BOK Financial Corp./(1)/ 16,136 487,146 Carter-Wallace Inc. 23,841 487,072 JDN Realty Corp. 45,777 485,236 Regal-Beloit Corp. 26,564 484,793 Eastgroup Properties Inc. 22,116 484,340 Handleman Co./(1)/ 34,532 483,448 National Penn Bancshares Inc. 20,453 480,646 Promistar Financial Corp. 20,824 479,368 EMCOR Group Inc./(1)/ 14,932 476,331 Sola International Inc./(1)/ 31,394 475,933 Anthracite Capital Inc. 45,716 475,446 Jack in the Box Inc./(1)/ 16,885 472,780 Harleysville National Corp. 21,980 472,570 ProAssurance Corp./(1)/ 31,696 472,270 Sovran Self Storage Inc. 17,102 472,015 Nu Skin Enterprises Inc. "A" 60,235 469,833 Hollywood Entertainment Corp./(1)/ 39,876 468,543 Bowne & Co. Inc. 46,133 468,250 Sunrise Assisted Living Inc./(1)(2)/ 18,032 465,767
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (Continued) - ------------------------------------------------------------------- Champion Enterprises Inc./(1)/ 66,773 $ 464,072 IRT Property Co. 42,448 458,438 Smucker (J.M) Company (The) 17,859 458,083 Esterline Technologies Corp./(1)/ 28,820 456,797 Capital Automotive REIT 25,795 454,508 Barnes Group Inc. 21,310 453,903 OfficeMax Inc./(1)/ 148,705 453,550 Arrow International Inc. 12,090 450,957 Griffon Corporation/(1)/ 36,910 450,302 Gardner Denver Inc./(1)/ 20,276 450,127 Kelly Services Inc. "A" 22,219 448,824 Armor Holdings Inc./(1)(2)/ 22,595 447,381 Anchor BanCorp Wisconsin Inc. 26,801 444,897 First Financial Bankshares Inc. 15,044 444,249 Russell Corp. 32,316 443,699 Commercial Metals Co. 15,948 443,354 PFF Bancorp Inc. 16,061 441,678 Lance Inc. 33,076 438,919 AMLI Residential Properties Trust 18,589 438,700 Applebee's International Inc. 14,863 438,459 Genlyte Group Inc. (The)/(1)/ 15,082 437,378 Philadelphia Consolidated Holding Co./(1)/ 12,517 434,841 Fremont General Corp. 79,517 434,163 Polaris Industries Partners LP "A" 11,297 433,579 Hancock Holding Co. 10,652 432,258 Bandag Inc. 15,767 431,227 Dress Barn Inc./(1)/ 19,337 431,215 PS Business Parks Inc. 15,563 431,095 Wellman Inc. 37,315 430,988 Quanex Corp. 18,624 430,214 First Financial Holdings Inc. 18,701 429,188 First Sentinel Bancorp Inc. 36,391 428,322 Scotts Co. (The) "A"/(1)/ 12,508 426,523 Cathay Bancorp Inc. 7,884 424,869 United National Bancorp 16,646 424,473 ESS Technology Inc./(1)/ 41,493 424,058 Hudson River Bancorp Inc. 21,181 423,832 Andover Bancorp Inc. 8,292 423,224 Bedford Property Investors Inc. 20,856 422,125 Ciber Inc./(1)/ 66,811 420,909 Checkpoint Systems Inc./(1)/ 38,297 418,586 Apogee Enterprises Inc. 32,397 417,921 Circuit City Stores Inc. - CarMax Group/(1)/ 37,115 417,544 Schulman (A.) Inc. 40,631 416,468 Florida Rock Industries Inc. 13,178 415,634 URS Corp./(1)/ 18,031 414,713 PMA Capital Corp. "A" 23,014 414,252 Kaman Corp. "A" 31,271 414,028 Greif Brothers Corp. "A" 17,977 412,033 Emisphere Technologies Inc./(1)(2)/ 21,473 410,134 ProQuest Company/(1)/ 12,463 410,033 Applied Industrial Technologies Inc. 24,258 409,718 International Multifoods Corp. 21,447 409,638 Nordson Corp. 18,564 405,623 Thomas Industries Inc. 18,750 404,063 Boca Resorts Inc. "A"/(1)/ 40,470 402,677 Corrections Corp. of America/(1)(2)/ 30,578 402,406 F&M Bancorp 15,286 400,493 Roadway Express Inc. 16,618 400,328 Modis Professional Services Inc./(1)/ 100,042 400,168 Universal Health Realty Inc. 16,170 399,399 NBTY Inc./(1)/ 30,091 395,998 Community Bank System Inc. 14,397 395,918 CACI International Inc. "A"/(1)/ 7,198 393,443 Pacific Northwest Bancorp 19,239 391,514 Triumph Group Inc./(1)/ 16,777 390,904 NUI Corp. 19,128 390,785 Chateau Communities Inc. 13,251 390,242 Ryerson Tull Inc. 31,070 389,929 National Health Investors Inc./(1)(2)/ 28,926 389,055 Parexel International Corp./(1)/ 34,296 388,917 Sonic Automotive Inc./(1)/ 28,525 387,940 Moog Inc. "A"/(1)/ 17,109 386,150 BankUnited Financial Corp. "A"/(1)/ 26,299 385,806 1st Source Corp. 17,934 385,581 Great Atlantic & Pacific Tea Co. 26,859 384,352 Alabama National Bancorp 11,597 382,701 Parkway Properties Inc. 11,729 381,193 Sterling Bancshares Inc. 28,761 380,220 First BanCorp. 14,698 380,090 First Financial Corp. 9,520 380,038 Crown Cork & Seal Co. Inc. 165,779 379,634 Tower Automotive Inc./(1)/ 52,872 379,092 RLI Corp. 9,197 377,077 Playtex Products Inc./(1)/ 37,130 376,870 School Specialty Inc./(1)/ 12,275 375,124 Tredegar Corporation 22,024 374,408 Picturetel Corp./(1)/ 62,498 373,738 Southwest Bancorp of Texas Inc./(1)/ 12,551 373,392 Parker Drilling Co./(1)/ 120,198 370,210 Credence Systems Corp./(1)/ 30,659 369,441 Ocwen Financial Corp./(1)/ 51,171 368,943
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Equity Inns Inc. 51,301 $ 368,854 Curtiss Wright Corp. 7,893 367,814 SPS Technologies Inc./(1)/ 12,099 365,874 Stewart & Stevenson Services Inc. 15,181 365,558 Stride Rite Corp. 58,223 363,894 RFS Hotel Investors Inc. 35,115 363,440 Nautica Enterprises Inc./(1)/ 30,577 362,032 First Merchants Corp. 15,725 361,675 Semco Energy Inc./(2)/ 25,167 361,146 ABM Industries Inc. 13,971 360,592 Farmers Capital Bank Corp. 9,629 360,317 Spartech Corp. 17,335 358,488 FSI International Inc./(1)/ 35,837 356,937 O'Reilly Automotive Inc./(1)/ 12,441 356,435 Area Bancshares Corp. 20,900 355,300 Omega Financial Corp. 11,449 355,148 Chemed Corp. 12,316 354,701 Methode Electronics Inc. "A" 46,922 354,261 Oceaneering International Inc./(1)/ 21,885 353,880 Simmons First National Corp. "A" 9,885 353,092 Local Financial Corporation/(1)/ 26,374 352,620 Calgon Carbon Corp. 46,276 352,160 Deltic Timber Corp. 13,868 350,860 Burlington Coat Factory Warehouse Corp. 24,773 349,299 Sylvan Learning Systems Inc./(1)/ 15,239 348,973 Manitowoc Co. Inc. 14,392 348,862 Palm Harbor Homes Inc./(1)/ 18,579 347,427 Entertainment Properties Trust 20,508 346,585 Pioneer-Standard Electronics Inc. 38,422 346,566 MacDermid Inc. 27,142 345,789 U.S. Restaurant Properties Inc./(2)/ 24,924 345,197 Omnova Solutions Inc. 55,149 344,681 West Pharmaceutical Services Inc. 13,973 343,736 General Cable Corp. 34,832 343,095 Jakks Pacific Inc./(1)(2)/ 25,410 343,035 Bank of Granite Corp. 15,416 342,389 Russ Berrie & Co. Inc. 12,871 342,369 Libbey Inc. 10,560 340,560 GBC Bancorp 10,879 339,642 ESCO Technologies Inc./(1)/ 13,576 338,042 Monaco Coach Corp./(1)/ 23,713 337,910 Community Trust Bancorp Inc. 14,120 337,468 Flowserve Corp./(1)/ 17,077 337,271 Encompass Service Corp./(1)/ 88,866 335,913 Alpharma Inc. "A"/(2)/ 11,637 335,146 BankAtlantic Bancorp Inc. "A" 33,169 335,007 Stewart Information Services Corp./(1)/ 17,170 334,815 Profit Recovery Group International Inc. (The)/(1)(2)/ 34,202 334,496 MTS Systems Corp. 29,071 334,317 Caraustar Industries Inc. 36,073 333,315 CFS Bancorp Inc. 22,401 333,103 Cascade Natural Gas Corp. 15,407 332,791 Dimon Inc. 57,873 332,770 AMERCO/(1)/ 18,106 329,167 Spartan Stores Inc./(1)/ 26,919 328,412 JP Realty Inc. 14,684 328,187 Kramont Realty Trust 26,216 327,438 Southwest Securities Group Inc./(2)/ 18,993 326,300 Delta & Pine Land Co. 19,143 325,048 Gold Bancorp Inc. 41,680 324,687 American Physicians Capital Inc./(1)/ 15,622 324,469 Ameron Inc. 5,020 323,489 SonicWALL Inc./(1)(2)/ 27,219 323,362 Connecticut Bankshares Inc. 14,590 322,439 Covanta Energy Corporation/(1)/ 27,590 322,251 Lexington Corp. Properties Trust 21,909 320,967 Capstead Mortgage Corp. 12,204 320,721 First Republic Bank/(1)/ 13,974 320,703 Ultratech Stepper Inc./(1)/ 26,767 320,401 CPB Inc. 10,133 320,304 Trammell Crow Co./(1)/ 31,958 319,580 JDA Software Group Inc./(1)/ 24,284 319,092 Range Resources Corp./(1)/ 67,173 319,072 Brush Engineered Materials 23,159 318,436 Landry's Seafood Restaurants Inc. 21,515 318,422 Covance Inc./(1)/ 17,676 316,577 Integrated Silicon Solution Inc./(1)/ 36,853 316,567 CT Communications Inc. 21,640 315,944 First Federal Capital Corp. 21,115 314,614 Phillips-Van Heusen Corporation 31,619 313,028 Universal Forest Products Inc. 16,437 312,632 Dollar Thrifty Automotive Group Inc./(1)/ 31,387 312,301 United Community Financial Corp. 44,225 311,786 Shopko Stores Inc./(1)/ 37,575 311,497 Pericom Semiconductor Corp./(1)/ 22,402 311,388 Penn Virginia Corp. 10,975 308,946 Allen Telecom Inc./(1)/ 35,453 308,441 Watsco Inc. 23,561 308,413 S1 Corp./(1)/ 36,396 307,910 Anchor Gaming/(1)/ 7,394 306,851 West Coast Bancorp 22,692 306,342
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- First Place Financial Corp. 21,414 $ 305,792 Analogic Corp. 7,542 305,451 MidAmerica Bancorp 12,130 304,463 Steak n Shake Company (The)/(1)/ 30,732 304,247 Winnebago Industries Inc. 14,181 304,182 ChemFirst Inc. 15,065 304,012 National Western Life Insurance Company "A"/(1)/ 2,977 300,975 Kulicke & Soffa Industries Inc./(1)(2)/ 27,605 300,895 Kansas City Life Insurance Co. 8,551 299,285 Central Parking Corp. 21,338 298,519 Dal-Tile International Inc./(1)/ 19,340 297,643 Sandy Spring Bancorp Inc. 7,418 294,420 Universal American Financial Corp./(1)/ 52,934 293,784 Marcus Corp. 24,237 290,844 Albany International Corp. "A"/(1)(2)/ 19,397 290,179 Safeguard Scientifics Inc./(1)/ 163,685 289,722 Innkeepers USA Trust/(2)/ 32,160 289,440 CNA Surety Corp. 21,309 288,737 DVI Inc./(1)/ 16,982 288,524 Pilgrim's Pride Corp. "B" 20,899 288,406 Advanta Corp. "A"/(2)/ 30,624 287,866 NextCard Inc./(1)/ 44,947 286,312 Trans World Entertainment Corp./(1)(2)/ 37,008 286,072 BSB Bancorp Inc. 12,278 285,709 Bally Total Fitness Holding Corp./(1)(2)/ 14,060 285,559 Banner Corporation 14,710 284,197 Standex International Corp. 15,074 284,145 Sturm Ruger & Co. Inc. 27,325 283,634 Nuevo Energy Co./(1)(2)/ 20,307 283,283 Investors Real Estate Trust 30,238 282,121 Iomega Corp./(1)/ 231,123 281,970 Cash American Investments Inc. 30,972 281,845 Central Vermont Public Service Corporation 16,107 281,711 Steris Corp./(1)/ 14,317 281,472 Zenith National Insurance Corp. 11,427 281,104 Financial Federal Corp./(1)/ 11,423 279,864 Insignia Financial Group Inc./(1)/ 26,645 279,773 Watts Industries Inc. "A" 21,341 279,567 Seitel Inc./(1)/ 27,790 279,290 Sierra Health Services Inc./(1)/ 33,638 279,195 Aaron Rents Inc. "B" 18,007 279,108 M/I Schottenstein Homes Inc. 8,255 279,019 Great Lakes REIT Inc. 17,060 278,078 Pope & Talbot Inc. 21,718 277,990 Micros Systems Inc./(1)/ 15,595 277,123 Casella Waste Systems Inc. "A"/(1)/ 24,885 276,970 Hunt (J.B.) Transport Services Inc./(1)/ 21,194 276,370 Unova Inc./(1)/ 62,049 276,118 Senior Housing Properties Trust 20,503 275,765 Bangor Hydro-Electric Co. 10,324 274,928 Riggs National Corp. 17,724 274,722 Century Business Services Inc./(1)/ 109,466 273,665 Sinclair Broadcast Group "A"/(1)/ 33,905 273,274 Wilson Greatbatch Technologies Inc./(1)/ 9,302 272,549 New England Business Service Inc. 15,654 271,597 3TEC Energy Corp./(1)/ 19,057 271,562 Old Second Bancorp Inc. 7,995 271,510 Buckeye Technologies Inc./(1)/ 27,423 271,488 Myers Industries Inc. 22,897 271,329 FBL Financial Group Inc. "A" 16,223 271,249 Peoples Holding Co. 8,070 270,264 Gerber Scientific Inc. 25,735 270,218 Centex Construction Products Inc. 9,143 270,176 Owens & Minor Inc. 13,307 270,132 First Indiana Corp. 13,109 270,045 OceanFirst Financial Corp. 10,751 269,850 Inter-Tel Inc. 23,533 269,688 Lone Star Steakhouse & Saloon Inc. 24,926 269,201 Interface Inc. "A" 62,589 269,133 Glatfelter (P.H.) Co. 17,578 269,119 Cumulus Media Inc. "A"/(1)/ 38,581 268,138 AAR Corp. 33,470 268,095 Standard Register Co. 18,378 266,481 Finish Line Inc. (The)/(1)/ 24,496 265,782 Interpool Inc. 18,155 265,063 Glacier Bancorp Inc. 13,937 264,803 Oneida Ltd. 18,431 264,485 Frontier Financial Corp. 9,608 264,220 St. Mary Land & Exploration Co. 16,566 263,896 Robert Mondavi Corp. (The) "A"/(1)/ 7,373 262,479 First Community Bancshares Inc. 8,305 262,438 Alliance Semiconductor Corp./(1)/ 36,513 262,163 Farmer Brothers Co. 1,191 262,020 Dover Downs Entertainment Inc. 21,140 261,713 Milacron Inc. 21,834 261,135 Magnetek Inc./(1)/ 28,430 260,987 Systems & Computer Technology Corp./(1)/ 28,953 260,577 Brown Shoe Company Inc. 22,934 260,301 CDI Corp./(1)/ 16,201 260,026 Cambrex Corp. 7,683 257,611 Tompkins County Trustco Inc. 6,779 257,602
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- WestCorp Inc. 15,001 $ 257,267 Independent Bank Corp.(MA) 15,767 257,002 Sterling Financial Corp.(WA) 12,010 256,414 Mid Atlantic Realty Trust 18,306 256,284 Indus International Inc./(1)/ 42,958 256,030 Astec Industries Inc./(1)/ 19,654 255,699 Offshore Logistics Inc./(1)/ 13,324 255,688 NCI Building Systems Inc./(1)/ 22,196 255,254 Bio-Rad Laboratories Inc. "A"/(1)/ 5,424 254,928 Robbins & Myers Inc. 10,329 254,610 Nortek Inc./(1)/ 11,760 253,428 Building Materials Holdings Corp./(1)/ 18,003 252,762 Electro Rent Corp./(1)/ 20,012 252,351 Octel Corp./(1)/ 13,779 251,467 Columbia Banking System Inc./(1)/ 18,285 250,505 Brookline Bancorp Inc. 16,648 249,720 DMC Stratex Networks Inc./(1)/ 48,365 249,563 Silgan Holdings Inc./(1)/ 13,614 249,136 C-COR.net Corp./(1)/ 36,290 248,587 Second Bancorp Inc. 12,123 248,522 Steel Dynamics Inc./(1)/ 25,020 247,448 United Industial Corp. 16,812 247,136 Cubic Corp. 7,146 246,537 Phoenix Technologies Ltd./(1)/ 24,521 245,946 Commonwealth Bancorp Inc. 11,881 244,986 Daisytek International Corp./(1)/ 21,476 243,538 AO Smith Corp. "B" 13,860 243,104 RTI International Metals Inc./(1)/ 29,112 243,085 Saul Centers Inc. 12,792 243,048 Information Resources Inc./(1)/ 38,106 241,973 Irwin Financial Corp./(2)/ 11,530 240,977 Crossmann Communities Inc. 9,167 240,817 Wintrust Financial Corp. 7,741 240,358 Consolidated Graphics Inc./(1)/ 14,036 239,735 Thor Industries Inc. 8,758 239,093 Georgia Gulf Corp. 14,878 239,089 Flushing Financial Corp. 14,841 238,940 TBC Corp./(1)/ 24,097 238,078 U.S. Industries Inc. 103,381 237,776 BancFirst Ohio Corp. 10,822 236,461 Kroll Inc./(1)/ 20,759 236,445 City Holding Co. 23,539 235,390 Global Payments Inc. 8,002 235,259 Encore Wire Corp./(1)/ 18,150 235,043 Benchmark Electronics Inc./(1)/ 14,210 234,749 Footstar Inc./(1)(2)/ 6,782 234,657 Swift Energy Co./(1)/ 11,357 234,181 First Essex Bancorp Inc. 8,903 233,704 Bank Mutual Corp. 14,493 233,337 Standard Commercial Corp. 14,169 233,080 Championship Auto Racing Teams Inc./(1)/ 16,747 232,783 Skyline Corp. 8,703 232,370 First Bancorp North Carolina 9,682 232,368 Bethlehem Steel Corp./(1)/ 181,326 232,097 North Pittsburgh Systems Inc. 15,722 231,742 Arctic Cat Inc. 17,171 231,465 Three-Five Systems Inc./(1)/ 14,451 230,349 State Auto Financial Corp. 17,272 230,236 Integrated Electrical Services Inc./(1)/ 41,841 230,126 Pennsylvania Real Estate Investment Trust 10,818 229,883 SJW Corp. 2,786 228,173 Wackenhut Corp. "A"/(1)(2)/ 9,579 227,980 USB Holding Co. Inc. 15,338 227,769 East West Bancorp Inc. 9,670 226,181 United Fire & Casualty Co. 8,808 226,101 Insurance Auto Auctions Inc./(1)/ 16,672 225,072 Port Financial Corp. 9,409 224,687 Heartland Express Inc./(1)/ 9,726 223,601 Midland Co. 5,507 223,584 Luby's Inc./(1)/ 31,247 223,416 Pegasus Solutions Inc./(1)/ 26,526 222,288 Audiovox Corp. "A"/(1)/ 24,287 221,983 Cheap Tickets Inc./(1)/ 13,531 221,773 IBERIABANK Corp. 7,737 221,278 Wabash National Corp./(2)/ 32,055 221,180 Kadant Inc./(1)/ 17,103 220,629 Sequa Corp. "A"/(1)/ 4,875 220,545 St Francis Capital Corp. 10,327 220,481 dELiA*s Corp. "A"/(1)/ 41,264 220,350 K Swiss Inc. "A" 8,935 219,354 Capital City Bank Group Inc. 9,295 218,154 Flagstar Bancorp Inc. 9,419 217,579 Haverty Furniture Companies Inc. 22,060 217,291 Independent Bank Corp.(MI) 8,316 217,048 Hovnanian Enterprises Inc. "A"/(1)(2)/ 18,766 216,372 Associated Estates Realty Corp. 22,479 215,798 Brady Corp. "A" 7,226 215,335 First Niagara Financial Group Inc. 13,567 215,308 Western Digital Corp./(1)/ 99,201 215,266 Santander Bancorp 11,048 215,105 UbiquiTel Inc./(1)/ 26,515 213,976 Mid Atlantic Medical Services Inc./(1)/ 10,183 213,843
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (CONTINUED) - ------------------------------------------------------------------- Chelsea Property Group Inc. 4,661 $ 211,842 Herbalife International Inc. "A"/(2)/ 20,974 211,816 Harmonic Inc./(1)(2)/ 26,149 211,807 Avid Technology Inc./(1)/ 28,960 211,118 Movie Gallery Inc./(1)/ 10,170 210,824 Oriental Financial Group Inc. 10,451 210,588 Dreyer's Grand Ice Cream Inc. 7,234 210,148 Redwood Trust Inc./(2)/ 8,703 209,742 Movado Group Inc. 13,467 208,739 Capitol Transamerica Corp. 12,709 207,919 Navigant Consulting Co./(1)/ 55,967 207,638 LSI Industries Inc. 8,241 206,025 German American Bancorp 12,512 205,822 Midas Inc. 20,754 205,465 Applica Inc./(1)/ 24,299 205,327 Westfield America Inc. 12,710 205,267 Coastal Bancorp Inc. 5,805 204,917 Wabtec Corporation 18,740 204,266 Valmont Industries Inc. 14,584 204,176 Edwards (J.D.) & Co./(1)/ 28,573 203,440 Alliance Gaming Corp./(1)(2)/ 14,277 202,733 Genzyme Corp. - Biosurgery Division/(1)/ 51,296 200,054 HEICO Corp. 13,223 198,345 Bassett Furniture Industries Inc. 14,173 197,997 SCPIE Holdings Inc. 12,283 197,756 Dionex Corp./(1)/ 7,831 197,498 MB Financial Inc./(1)/ 7,797 194,925 Gray Communications Systems Inc. 12,818 194,834 BKF Capital Group Inc./(1)/ 7,213 194,751 American Axle & Manufacturing Holdings Inc./(1)/ 15,146 193,111 Oregon Steel Mills Inc./(1)/ 35,906 192,097 Arris Group Inc./(1)/ 53,650 192,067 BancFirst Corp. 5,613 191,965 CSK Auto Corp./(1)/ 30,695 191,844 USG Corp./(2)/ 51,411 191,763 Pitt-Des Moines Inc. 6,284 191,662 CUNO Inc./(1)/ 6,899 191,447 Resource America Inc. "A" 21,407 191,379 Boykin Lodging Co. 23,912 191,296 Cleveland-Cliffs Inc. 13,278 191,203 Standard Microsystems Corp./(1)/ 20,324 190,639 O'Charley's Inc./(1)/ 11,103 190,416 Isle of Capris Casinos Inc./(1)(2)/ 26,779 190,104 Fisher Communications Inc. 3,652 189,904 UniFirst Corp. 11,171 188,790 Seacoast Banking Corp. of Florida 4,458 188,083 Umpqua Holdings Corp./(2)/ 15,183 187,510 U.S. Concrete Inc./(1)/ 25,756 187,246 FreeMarkets Inc./(1)(2)/ 17,644 186,674 Midwest Express Holdings Inc./(1)/ 17,580 186,348 Trico Marine Services Inc./(1)/ 31,397 185,870 Southern Peru Copper Corp. 19,628 185,485 Pennfed Financial Services Inc. 8,209 184,538 US Unwired Inc. "A"/(1)/ 18,215 183,972 Brightpoint Inc./(1)/ 59,339 183,951 Boyd Gaming Corp./(1)/ 41,277 183,683 Brooks Automation Inc./(1)(2)/ 6,904 183,577 Osmonics Inc./(1)/ 14,682 183,525 WSFS Financial Corp. 11,102 182,961 Oxford Industries Inc. 8,351 182,887 Roanoke Electrics Steel Corp. 15,227 181,201 Cole National Corp./(1)/ 13,632 180,897 Global Sports Inc./(1)(2)/ 15,512 180,715 Labor Ready Inc./(1)/ 56,242 179,412 Circor International Inc. 11,947 179,205 Rock-Tenn Company "A" 16,214 178,354 Coachmen Industries Inc. 19,793 178,137 NBC Capital Corporation 5,433 177,931 NewPower Holdings Inc./(1)/ 57,763 177,910 Action Performance Companies Inc./(1)(2)/ 9,745 177,456 Littelfuse Inc./(1)/ 8,018 177,438 National Presto Industries Inc. 6,594 177,379 Penn Engineering & Manufacturing Corp. 12,491 177,372 Garan Inc. 5,089 177,352 Lands' End Inc./(1)(2)/ 6,119 176,839 American Italian Pasta Co. "A"/(1)/ 4,067 175,898 Lufkin Industries Inc. 7,657 175,498 kForce.com Inc./(1)/ 34,427 173,168 Acadia Realty Trust 26,599 172,628 Baldwin & Lyons Inc. "B" 8,867 172,108 Spanish Broadcasting System Inc. "A"/(1)/ 24,127 171,060 Park National Corp. 1,760 170,280 Northwest Bancorp Inc. 16,933 169,499 Comstock Resources Inc./(1)/ 28,332 168,292 Community Banks Inc. 6,868 167,579 Eden Bioscience Corp./(1)(2)/ 21,956 167,305 Smart & Final Inc./(1)/ 16,404 166,993 Lawson Products Inc. 6,840 166,896 NS Group Inc./(1)/ 24,520 166,736 Transaction Systems Architects Inc. "A"/(1)/ 26,505 166,451 Pomeroy Computer Resources/(1)/ 13,811 166,423
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Recoton Corp./(1)/ 13,379 $ 165,231 Sterling Bancorp 5,734 164,853 Group 1 Automotive Inc./(1)/ 6,184 164,185 Pricesmart Inc./(1)/ 4,690 164,150 PICO Holdings Inc./(1)/ 14,876 163,636 Fidelity Bankshares Inc. 12,236 163,351 DiamondCluster International Inc. "A"/(1)/ 16,536 162,880 Ingles Markets Inc. "A" 13,573 162,876 Woodhead Industries Inc. 10,828 161,987 Infocus Corp./(1)/ 12,375 161,494 Spectrian Corp./(1)(2)/ 16,148 161,480 NL Industries Inc. 10,744 161,053 Artesyn Technologies Inc./(1)/ 29,521 160,594 Friedman Billings Ramsey Group Inc. "A"(1) 31,476 160,528 Discount Auto Parts Inc./(1)/ 11,617 160,315 Burnham Pacific Properties Inc. 32,104 160,199 WebEx Communications Inc./(1)(2)/ 7,516 159,640 Mail-Well Inc./(1)/ 43,124 159,559 International Specialty Products Inc./(1)/ 17,962 158,604 Stepan Co. 8,786 158,587 Avatar Holdings/(1)/ 6,877 158,584 Terra Industries Inc./(1)/ 53,364 158,491 Aviall Inc./(1)/ 25,758 158,412 LaSalle Hotel Properties 17,132 158,300 Lakeland Bancorp Inc. 11,338 158,165 AMCOL International Corp. 27,987 158,127 Rent-Way Inc./(1)/ 30,083 157,936 Credit Acceptance Corp./(1)/ 18,039 157,661 Quaker City Bancorp Inc./(1)/ 5,242 157,208 Atlas Air Inc./(1)/ 15,927 156,881 W-H Energy Services Inc./(1)/ 11,109 156,193 Financial Institutions Inc. 6,661 156,134 Quaker Chemical Corp. 8,538 154,965 Pinnacle Entertainment Inc./(1)/ 26,025 154,849 CVB Financial Corp. 7,201 154,811 Winston Hotels Inc. 19,572 154,619 Butler Manufacturing Co. 7,104 154,157 Arrow Financial Corp. 5,491 153,583 Vail Resorts Inc./(1)/ 11,048 153,567 Ivex Packaging Corp./(1)/ 8,999 153,433 Argosy Gaming Co./(1)/ 5,856 153,427 J & J Snack Foods Corp./(1)/ 8,146 152,738 Ambassadors International Inc. 9,099 151,953 Zomax Inc./(1)/ 27,880 151,388 UNB Corp. 8,867 150,916 Gorman Rupp Co. 7,741 150,175 Inktomi Corp./(1)/ 54,613 149,640 K2 Inc./(1)/ 25,003 149,518 Technitrol Inc. 6,702 149,455 Encore Acquisition Co./(1)/ 9,958 149,370 SoundView Technology Group Inc./(1)/ 74,039 148,818 Wild Oats Markets Inc./(1)/ 18,659 148,152 Westport Resources Corp./(1)/ 10,074 148,088 Great American Financial Resources Inc. 8,151 147,941 Bell Microproducts Inc./(1)/ 19,221 147,809 Navigant International Inc./(1)/ 18,358 147,598 Pegasus Communications Corp./(1)(2)/ 21,085 147,595 Armstrong Holdings Inc./(1)/ 53,539 146,161 Nu Horizons Electronics Corp./(1)/ 19,297 145,692 Dobson Communications Corp. "A"/(1)(2)/ 14,028 145,190 First Consulting Group Inc./(1)/ 16,133 145,036 Zoll Medical Corp./(1)(2)/ 4,064 144,678 RCN Corp./(1)/ 45,117 144,374 Hancock Fabrics Inc. 17,542 143,844 SPSS Inc./(1)/ 8,324 143,256 NCO Group Inc./(1)/ 10,466 143,175 Exide Corp. 38,067 143,132 World Wrestling Federation Entertainment Inc./(1)/ 10,794 142,481 SIPEX Corp./(1)/ 22,039 142,372 Roper Industries Inc. 3,954 142,304 PC-Tel Inc./(1)/ 18,932 141,990 Tanger Factory Outlet Centers Inc. 6,857 141,940 Playboy Enterprises Inc. "B"/(1)/ 11,455 141,469 Station Casinos Inc./(1)/ 16,832 141,389 Electroglas Inc./(1)/ 11,344 141,233 Sykes Enterprises Inc./(1)/ 25,214 140,694 Olin Corp. 9,570 140,679 American Medical Systems Holdings Inc./(1)/ 7,376 140,660 Riviana Foods Inc. 8,087 140,148 infoUSA Inc./(1)/ 34,472 139,956 MCSi Inc./(1)(2)/ 8,686 139,931 Zebra Technologies Corp. "A"/(1)/ 3,730 139,726 Mississippi Valley Bancshares Inc. 3,669 139,422 Ditech Communications Corp./(1)/ 33,010 138,642 WMS Industries Inc./(1)/ 7,916 138,451 Purina Mills Inc./(1)/ 6,236 138,439 Dura Automotive Systems Inc./(1)/ 19,195 138,204 Supertex Inc./(1)/ 9,049 137,907 CSS Industries Inc./(1)/ 5,436 137,531
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Wyndham International Inc. "A"/(1)/ 209,937 $ 136,459 Friedman's Inc. 19,312 136,343 Crown American Realty Trust 19,113 135,702 Volt Information Sciences Inc./(1)/ 11,262 134,919 Aurora Foods Inc./(1)/ 33,812 134,910 Sonosite Inc./(1)(2)/ 6,596 134,558 Young Broadcasting Corp. "A"/(1)/ 9,259 134,256 Corporate Office Properties Trust 12,299 134,059 SCM Microsystems Inc./(1)/ 21,326 132,434 Net.B@nk Inc./(1)/ 15,790 132,162 Mission West Properties Inc. 11,002 132,024 Fedders Corp. 33,819 131,894 NTELOS Inc./(1)/ 15,788 131,830 Republic Bancorp Inc. "A" 9,946 131,785 Hain Celestial Group Inc./(1)/ 7,090 130,527 Buckle Inc. (The)/(1)/ 7,893 130,235 Akamai Technologies Inc./(1)/ 44,716 130,124 Genrad Inc./(1)/ 39,779 130,077 Lydall Inc./(1)/ 19,689 129,947 Wolverine Tube Inc./(1)/ 12,856 129,846 Maxim Pharmaceuticals Inc./(1)(2)/ 32,372 127,869 Borland Software Corp./(1)(2)/ 15,778 127,802 SONICblue Inc./(1)/ 115,359 125,741 AnswerThink Consulting Group Inc./(1)/ 26,672 125,358 Silicon Graphics Inc./(1)/ 271,877 125,063 Getty Images Inc./(1)/ 11,273 124,341 Hexcel Corp./(1)/ 31,036 124,144 Steinway Musical Instruments Inc./(1)/ 8,536 123,687 United Auto Group Inc./(1)/ 7,427 123,585 Metromedia International Group Inc./(1)/ 102,748 123,298 Lithia Motors Inc. "A"/(1)/ 8,868 123,265 Alico Inc. 4,842 122,745 Affiliated Managers Group Inc./(1)/ 2,155 122,426 Medford Bancorp Inc. 6,337 122,304 Stoneridge Inc./(1)/ 17,470 122,290 MRO Software Inc./(1)/ 11,973 122,125 NCH Corp. 3,107 121,763 Stamps.com Inc./(1)/ 48,794 121,497 Prodigy Communications Corp. "A"/(1)/ 21,884 120,581 Keystone Property Trust 9,460 120,142 Microtune Inc./(1)/ 10,521 119,939 Packard BioScience Company/(1)/ 15,122 119,615 Crown Media Holdings Inc./(1)/ 11,557 118,459 Choice Hotels International Inc./(1)/ 7,152 118,008 Pinnacle Systems Inc./(1)/ 40,527 117,934 Standard Motor Products Inc. 10,075 117,878 Aspect Communications Corp./(1)/ 65,543 117,322 Quaker Fabric Corp./(1)/ 16,025 116,983 Papa John's International Inc./(1)/ 4,453 116,001 Gibraltar Steel Corp. 7,653 115,560 Penton Media Inc. 32,383 114,960 Charles River Laboratories International Inc./(1)/ 3,234 114,387 AsiaInfo Holdings Inc./(1)/ 9,534 113,359 Prosperity Bancshares Inc. 4,410 113,337 Rainbow Technologies Inc./(1)/ 32,239 112,837 Republic Bancshares Inc./(1)/ 6,637 112,630 Gymboree Co./(1)/ 17,252 112,138 Ixia/(1)/ 17,655 112,109 Del Monte Foods Co./(1)/ 14,486 111,542 Stanley Furniture Co. Inc./(1)/ 4,622 111,483 Foamex International Inc./(1)/ 18,096 111,290 Exar Corp./(1)/ 6,431 111,256 Intertrust Technologies Corp./(1)/ 104,747 111,032 Keynote Systems Inc./(1)/ 14,559 110,648 Sauer Inc. 14,135 110,536 Pharmacyclics Inc./(1)(2)/ 6,173 109,879 CTS Corp. 7,438 109,859 Numerical Technologies Inc./(1)(2)/ 6,589 109,377 HI/FN Inc./(1)/ 11,099 109,325 CPI Corp. 7,545 108,422 Kaiser Aluminum Corp./(1)/ 41,887 107,650 Seaboard Corp. 510 107,100 Deb Shops Inc. 5,178 106,563 Churchill Downs Inc. 3,828 106,265 Internet Capital Group Inc./(1)/ 264,531 105,812 Transmontaigne Inc./(1)/ 21,731 105,395 R&G Financial Corp. "B" 6,096 104,851 Boron, LePore & Associates Inc./(1)/ 10,958 104,101 NetRatings Inc./(1)/ 10,027 103,378 Proton Energy Systems Inc./(1)/ 21,603 101,750 Bush Industries Inc. "A" 11,445 101,059 WatchGuard Technologies Inc./(1)/ 13,117 100,476 LodgeNet Entertainment Corp./(1)/ 9,066 99,635 Active Power Inc./(1)/ 19,885 99,624 Spectrasite Holdings Inc./(1)/ 41,252 99,417 Clarent Corp./(1)/ 18,415 98,889 McMoRan Exploration Co./(1)/ 18,104 98,667 Tropical Sportswear International Corp./(1)/ 5,745 97,378 Alaska Communications Systems Group/(1)/ 12,771 97,187 Watson Wyatt & Co. Holdings/(1)/ 6,107 97,101 Prime Group Realty Trust 8,052 96,221
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Speedway Motorsports Inc./(1)/ 4,821 $ 95,841 Airtran Holdings Inc./(1)/ 22,459 95,226 Western Multiplex Corp./(1)/ 25,417 95,049 Hydril Co./(1)/ 6,804 94,780 Sanderson Farms Inc. 6,654 94,753 Prize Energy Corp./(1)/ 5,412 94,439 Provident Bancorp Inc./(2)/ 4,377 94,062 QRS Corp./(1)/ 11,185 93,954 Golden Telecom Inc./(1)/ 11,948 93,194 Ladish Co. Inc./(1)/ 11,657 92,673 Internap Network Services Corp./(1)/ 92,625 92,625 Gartner Group Inc. "A"/(1)/ 10,207 92,373 Rightchoice Managed Care Inc./(1)/ 1,845 92,342 Triarc Companies Inc./(1)/ 3,974 91,799 XM Satellite Radio Holdings Inc. "A"/(1)(2)/ 17,452 91,448 Celeritek Inc./(1)/ 7,677 90,819 Roxio Inc./(1)/ 5,964 90,653 Commercial Bank of New York 2,740 89,598 Troy Financial Corp. 4,215 89,105 Actel Corp./(1)/ 5,017 89,102 Royal Bancshares of Pennsylvania "A" 4,999 88,732 Men's Wearhouse Inc. (The)/(1)/ 4,902 88,628 Crossroads Systems Inc./(1)/ 26,560 87,648 7-Eleven Inc./(1)/ 9,078 87,603 Comdisco Inc. 147,971 87,303 Titanium Metals Corp./(1)/ 27,227 87,126 American West Holdings Corp. "B"/(1)/ 46,861 86,693 Mestek Inc./(1)/ 3,723 86,560 Orbital Sciences Corp./(1)/ 47,180 85,868 DRS Technologies Inc./(1)/ 2,469 85,798 Catalytica Energy Systems Inc./(1)/ 11,195 85,754 Magna Entertainment Corp. "A"/(1)/ 14,120 85,567 Global Imaging Systems Inc./(1)/ 4,830 84,477 Genuity Inc./(1)/ 53,706 84,318 Spiegel Inc. "A" 11,823 83,352 ITXC Corp./(1)/ 32,637 83,224 InterMune Inc./(1)/ 2,166 82,850 Mesaba Holdings Inc./(1)/ 13,788 81,349 Covenant Transport Inc. "A"/(1)/ 8,579 80,643 Intermagnetics General Corp./(1)/ 3,458 80,433 Perini Corp./(1)/ 12,355 80,308 Maxwell Technologies Inc./(1)/ 12,348 80,262 IGEN International Inc./(1)(2)/ 2,910 80,083 SLI Inc. 30,888 80,000 SBS Technologies Inc./(1)/ 7,141 79,694 CommScope Inc./(1)/ 4,443 79,396 Photronics Inc./(1)/ 4,297 79,280 HotJobs.com Ltd./(1)/ 13,130 78,386 Liqui-Box Corp. 1,874 77,303 BMC Industries Inc. 37,535 76,571 Fred's Inc. 2,915 76,373 Medallion Financial Corp. 9,222 76,082 Value Line Inc. 1,984 75,987 Value City Department Stores Inc./(1)/ 21,982 75,618 Chiles Offshore Inc./(1)/ 3,741 75,568 Xanser Corp./(1)/ 40,811 75,500 Castle (A.M.) & Co. 9,062 75,215 Stein Mart Inc./(1)/ 9,171 75,202 SJNB Financial Corp. 1,798 75,084 Kendle International Inc./(1)/ 3,753 74,084 NYMAGIC Inc. 4,611 74,007 Texas Regional Bancshares "A" 2,102 71,825 Guess ? Inc./(1)(2)/ 11,070 71,402 Consolidated Freightways Corp./(1)/ 23,514 71,247 Acclaim Entertainment Inc./(1)/ 26,251 70,353 Salton Inc./(1)(2)/ 8,181 70,029 Net2Phone Inc./(1)/ 23,086 69,951 Datascope Corp. 1,796 69,649 General Communication Inc. "A"/(1)/ 5,753 69,611 Sitel Corp./(1)/ 77,964 69,388 Cooper Companies Inc. 1,476 69,224 Register.com/(1)/ 6,859 68,041 Resortquest International Inc./(1)/ 22,440 67,320 Finova Group Inc./(1)/ 59,430 66,562 KCS Energy Inc./(1)/ 18,855 66,558 CorVel Corp./(1)/ 2,527 66,460 RailAmerica Inc./(1)/ 5,308 66,350 ANADIGICS Inc./(1)/ 5,421 66,136 Urban Outfitters Inc./(1)/ 5,831 65,307 CCBT Financial Companies Inc. 2,561 64,076 Websense Inc./(1)/ 5,811 63,340 ZixIt Corp./(1)(2)/ 12,916 62,255 Anaren Microwave Inc./(1)/ 3,795 62,048 EEX Corp./(1)/ 43,581 61,013 Newpark Resources Inc./(1)/ 9,037 61,000 Federal-Mogul Corp. 93,818 60,982 MEMC Electronics Materials Inc./(1)/ 57,232 60,094 Fairchild Corp. (The) "A"/(1)/ 17,635 59,959 Sunrise Telecom Inc./(1)/ 12,005 59,905 Natures Sunshine Products Inc. 5,216 59,723 Cohu Inc. 3,860 57,746 AmeriPath Inc./(1)/ 2,190 57,509
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Energy Partners Ltd./(1)/ 8,226 $ 57,417 Westpoint Stevens Inc. 32,437 57,413 New Century Financial Corp./(1)(2)/ 5,843 57,261 Remington Oil & Gas Corp./(1)/ 4,316 56,496 Selectica Inc./(1)/ 23,527 56,465 Boston Beer Co Inc. "A"/(1)/ 4,757 55,942 Specialty Laboratories Inc./(1)/ 2,026 55,715 Regent Communications Inc./(1)/ 9,190 55,324 OSCA Inc./(1)/ 3,562 55,211 Wilsons The Leather Experts Inc./(1)/ 6,047 54,665 Tetra Technologies Inc./(1)/ 3,117 54,298 Key3Media Group Inc./(1)/ 13,579 53,773 PRI Automation Inc./(1)/ 5,332 53,427 American Realty Investors Inc./(1)/ 4,816 53,361 CompX International Inc. 5,086 53,149 SureBeam Corporation "A"/(1)(2)/ 6,364 52,821 Boston Communications Group Inc./(1)/ 4,675 52,360 Intergraph Corp./(1)/ 5,689 50,917 Holly Corp. 2,777 50,208 Interland Inc./(1)/ 47,732 50,119 Student Loan Corp. 708 49,914 Ocular Sciences Inc./(1)/ 2,463 49,876 Turnstone Systems Inc./(1)(2)/ 16,523 49,569 Tremont Corp. 1,798 49,445 Hickory Tech Corp. 2,999 48,884 Caminus Corp./(1)/ 3,285 48,224 National Beverage Corp./(1)/ 4,764 47,640 BE Aerospace Inc./(1)/ 6,249 47,492 Centennial Bancorp 6,097 45,971 Walter Industries Inc. 5,112 45,752 AT&T Latin America Corp./(1)/ 25,916 45,612 VA Linux Systems Inc./(1)/ 43,384 45,553 C&D Technologies Inc. 2,450 45,080 Middlesex Water Co. 1,360 44,880 Lightpath Technologies Inc. "A"/(1)/ 25,067 44,619 Oglebay Norton Co. 2,997 44,056 Allscripts Healthcare Solutions Inc./(1)/ 10,409 43,718 IDX Systems Corp./(1)/ 4,209 43,142 Great Southern Bancorp Inc. 1,610 42,681 Centennial Cellular Corp. "A"/(1)/ 4,724 42,516 America Online Latin America Inc. "A"/(1)(2)/ 12,819 42,175 TiVo Inc./(1)(2)/ 12,576 41,752 H Power Corp./(1)/ 13,293 41,474 Adelphia Business Solutions Inc./(1)/ 38,710 41,033 Maui Land & Pineapple Co./(1)/ 2,040 40,800 Arden Group Inc. "A"/(1)/ 910 40,622 Meritage Corp./(1)/ 1,093 40,441 Cygnus Inc./(1)(2)/ 7,148 39,814 Agile Software Corp./(1)/ 4,355 39,587 Uniroyal Technology Corp./(1)/ 12,484 39,200 American Management Systems Inc./(1)/ 3,254 39,081 Amtran Inc./(1)/ 4,446 38,236 OTG Software Inc./(1)/ 6,887 38,223 NATCO Group Inc. "A"/(1)/ 4,961 38,100 Simpson Manufacturing Co. Inc./(1)/ 717 38,001 Covansys Corporation/(1)/ 4,343 37,958 Western Gas Resources Inc. 1,446 37,639 Mastec Inc./(1)/ 7,274 37,097 NMS Communications Corp./(1)(2)/ 23,454 36,588 Liberty Livewire Corporation "A"/(1)/ 5,322 35,817 Sorrento Networks Corp./(1)(2)/ 17,688 35,376 Oil States International Inc./(1)/ 5,326 35,152 New Horizons Worldwide Inc./(1)/ 3,047 35,112 MEEMIC Holdings Inc./(1)/ 1,480 35,106 Newmark Homes Corp. 3,226 35,099 Callon Petroleum Corp./(1)/ 5,102 34,694 First Banks America Inc./(1)/ 1,122 34,389 Peco II Inc./(1)/ 7,108 34,118 Act Manufacturing Inc./(1)(2)/ 7,641 33,926 Valuevision International Inc. "A"/(1)/ 2,629 33,914 Witness Systems Inc./(1)/ 4,136 33,708 Tennant Co. 963 33,705 National Golf Properties Inc. 2,074 33,288 Polaroid Corp. 63,134 32,830 Oak Technology Inc./(1)/ 4,130 32,214 Conestoga Enterprises Inc. 1,396 32,038 Priceline.com Inc./(1)/ 8,435 31,969 Millennium Cell Inc./(1)/ 8,538 31,932 Artisan Components Inc./(1)/ 3,946 31,252 SignalSoft Corp./(1)/ 7,890 31,006 Berry Petroleum Co. "A" 2,004 30,962 Pemstar Inc./(1)/ 2,679 30,809 Exelixis Inc./(1)/ 2,669 30,587 Asyst Technologies Inc./(1)/ 3,291 29,784 DuPont Photomasks Inc./(1)/ 1,061 29,475 Revlon Inc. "A"/(1)(2)/ 5,501 28,880 Proxim Inc./(1)/ 2,953 28,792 Infogrames Inc./(1)/ 8,434 28,676 I-many Inc./(1)/ 12,349 28,650 Mesa Air Group Inc./(1)(2)/ 8,787 28,646 NEON Communications Inc./(1)(2)/ 10,367 28,406
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Rayovac Corp./(1)/ 1,846 $ 28,152 Trikon Technologies Inc./(1)/ 3,286 27,734 Tanox Inc./(1)/ 1,851 27,339 Heidrick & Struggles International Inc./(1)/ 1,908 27,227 Beacon Power Corporation/(1)/ 17,567 26,702 Citizens Inc./(1)/ 2,615 26,516 Copper Mountain Networks Inc./(1)/ 32,818 26,254 Midway Games Inc./(1)(2)/ 2,168 26,254 Gulf Island Fabrication Inc./(1)/ 3,075 26,199 Engineered Support Systems Inc. 543 25,575 Embarcadero Technologies Inc./(1)(2)/ 3,197 25,160 Wet Seal Inc. "A"/(1)/ 1,364 25,111 FileNET Corp./(1)/ 2,473 24,903 Network Plus Corp./(1)/ 24,517 24,762 Merix Corp./(1)/ 1,734 24,363 Puma Technology Inc./(1)/ 17,902 24,168 Divine Inc. "A"/(1)/ 38,091 23,605 Wackenhut Corrections Corp./(1)/ 1,752 23,477 WJ Communications Inc./(1)/ 6,088 23,134 Southwestern Energy Company/(1)/ 1,952 23,131 ITC DeltaCom Inc./(1)/ 19,272 23,126 Simpex Solutions Inc./(1)/ 1,523 23,028 Quiksilver Inc./(1)/ 1,863 23,008 Donna Karan International Inc./(1)/ 2,247 22,695 Choice One Communications Inc./(1)(2)/ 13,874 22,615 UnitedGlobalCom Inc. "A"/(1)(2)/ 9,745 22,608 EXE Technologies Inc./(1)/ 11,009 22,458 City Bank 918 22,454 Hayes Lemmerz International Inc./(1)/ 21,877 21,877 Cato Corp. "A" 1,422 21,273 Synplicity Inc./(1)/ 3,684 20,630 Atwood Oceanics Inc./(1)/ 790 20,540 Equity One Inc./(2)/ 1,750 20,475 Tuesday Morning Corp./(1)/ 2,225 20,426 Wireless Facilities Inc./(1)/ 4,513 20,173 ANC Rental Corp./(1)/ 38,174 19,850 Lexicon Genetics Inc./(1)/ 2,611 19,844 Richardson Electronics Ltd. 2,377 19,634 iBasis Inc./(1)/ 45,955 19,301 CoStar Group Inc./(1)/ 1,071 19,246 NN Inc. 2,202 19,201 United Natural Foods Inc./(1)/ 1,030 18,725 Diversa Corp./(1)/ 1,973 18,546 American Superconductor Corp./(1)/ 1,985 18,540 Support.com Inc./(1)/ 7,680 18,432 Lexar Media Inc./(1)/ 18,414 18,414 CoorsTek Inc./(1)/ 719 17,968 Avant! Corp./(1)/ 6,019 17,816 Kana Communications Inc./(1)/ 49,356 17,768 Integral Systems Inc./(1)/ 982 17,715 Lindsay Manufacturing Co. 973 17,271 On Command Corp./(1)/ 7,667 16,791 Midwest Banc Holdings Inc. 782 16,719 MicroFinancial Inc. 1,200 16,500 Vans Inc./(1)/ 1,401 16,097 ACLARA BioSciences Inc./(1)/ 2,821 15,854 ATP Oil & Gas Corp./(1)/ 2,259 15,700 Vastera Inc./(1)/ 1,372 15,366 Arena Pharmaceuticals Inc./(1)/ 1,376 15,136 VerticalNet Inc./(1)/ 41,863 15,071 Century Aluminum Company 1,880 15,059 deCODE genetics Inc./(1)/ 2,400 14,808 Versicor Inc./(1)/ 1,093 14,646 Extensity Inc./(1)/ 5,209 14,585 Dyax Corp./(1)/ 1,513 14,555 Engage Technologies Inc./(1)/ 60,518 14,524 Antigenics Inc./(1)(2)/ 1,128 14,382 Duraswitch Industries Inc./(1)/ 1,408 14,136 X-Rite Inc. 1,752 13,841 Organogenesis Inc./(1)/ 2,339 13,683 August Technology Corp./(1)/ 1,665 13,653 3DO Co. (The)/(1)/ 6,596 13,522 Cosine Communications Inc./(1)/ 35,659 13,194 Pinnacle Holdings Inc./(1)/ 33,169 12,936 UAXS Global Holdings Inc./(1)/ 17,475 12,932 Luminent Inc./(1)/ 6,335 12,670 PLX Technology Inc./(1)/ 2,195 11,348 Sequenom Inc./(1)/ 1,499 10,493 Rigel Pharmaceuticals Inc./(1)/ 2,063 10,315 CacheFlow Inc./(1)/ 6,858 10,287 Loudcloud Inc./(1)/ 8,755 9,806 Flow International Corp./(1)/ 1,012 9,796 Liberty Digital Inc. "A"/(1)/ 2,382 9,552 Applied Molecular Evolution Inc./(1)/ 1,290 9,533 Genzyme Corp. - Molecular Oncology/(1)/ 1,197 9,277 Red Hat Inc./(1)/ 2,600 9,100 Telik Inc./(1)/ 1,384 8,996 Curis Inc./(1)/ 2,486 8,701 ON Semiconductor Corp./(1)/ 4,703 8,701 Paradigm Genetics Inc./(1)/ 1,378 8,613 World Acceptance Corp./(1)/ 1,139 7,973 Peregrine Pharmaceuticals/(1)/ 7,838 7,760
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Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- USinternetworking Inc./(1)/ 28,416 $ 7,672 Carrier Access Corp./(1)/ 2,787 7,497 Concord Camera Corp./(1)/ 1,700 7,446 Transgenomic Inc./(1)/ 941 7,105 StarMedia Network Inc./(1)/ 42,968 6,875 Insmed Incorporated/(1)/ 2,508 6,721 Orchid Biosciences Inc./(1)/ 3,022 6,618 Deltagen Inc./(1)/ 867 6,130 Sangamo BioSciences Inc./(1)/ 779 5,835 Kosan Biosciences Inc./(1)/ 1,094 5,798 Harvard Bioscience Inc./(1)/ 548 5,480 Coldwater Creek Inc./(1)/ 291 5,325 Genaissance Pharmaceuticals Inc./(1)/ 1,350 5,252 Ventiv Health Inc./(1)/ 1,246 5,059 Align Technology Inc./(1)(2)/ 2,273 4,955 Alliance Fiber Optic Products Inc./(1)/ 6,002 4,862 Datastream Systems Inc./(1)/ 1,569 4,707 Optical Communication Products Inc./(1)/ 1,973 4,577 Novatel Wireless Inc./(1)/ 11,067 4,316 Ciphergen Biosystems Inc./(1)/ 1,241 3,785 Large Scale Biology Corp./(1)/ 946 3,500 3 Dimensional Pharmaceuticals Inc./(1)/ 504 3,452 EXACT Sciences Corp./(1)(2)/ 333 3,084 OmniSky Corp./(1)/ 11,474 2,869 GenStar Therapeutics Corp./(1)/ 906 2,546 Seattle Genetics Inc./(1)/ 492 2,460 IMPSAT Fiber Networks Inc./(1)/ 9,305 1,861 Frontline Capital Group Inc./(1)/ 19,994 1,799 Charter One Financial Inc. 1 19 - ------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $548,640,293) 502,910,510 - ------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 6.50% - ------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $15,789,435 $ 15,789,435 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 1,929,265 1,929,265 Providian Temp Cash Money Market Fund/(3)/ 15,041,693 15,041,693 - ------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $32,760,393) 32,760,393 - ------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.06% - ------------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $308,982 and an effective yield of 2.90%. 308,907 308,907 - ------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $308,907) 308,907 - ------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 106.31% (Cost $581,709,593) 535,979,810 - ------------------------------------------------------------------- Other Assets, Less Liabilities -- (6.31%) (31,800,073) - ------------------------------------------------------------------- NET ASSETS -- 100.00% $504,179,737 ===================================================================
(1) Non-income earning securities. (2) Denotes all or part of security on loan. See Note 5. (3) Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 139 iShares Russell 1000 Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS - 99.85% - ------------------------------------------------------------------ General Electric Co. 226,089 $ 8,410,511 Exxon Mobil Corp. 157,013 6,186,312 Pfizer Inc. 143,671 5,761,207 Microsoft Corp./(1)/ 99,422 5,087,424 Citigroup Inc. 118,715 4,807,957 American International Group Inc. 52,468 4,092,504 Johnson & Johnson 69,251 3,836,505 International Business Machines Corp. 39,577 3,652,957 SBC Communications Inc. 76,504 3,604,868 Merck & Co. Inc. 52,138 3,472,391 Verizon Communications Inc. 61,678 3,337,397 AOL Time Warner Inc./(1)/ 97,184 3,216,790 Intel Corp. 153,109 3,129,548 Wal-Mart Stores Inc. 63,202 3,128,499 Bristol-Myers Squibb Co. 44,131 2,451,918 Philip Morris Companies Inc. 49,757 2,402,766 Coca-Cola Co. 47,916 2,244,865 Procter & Gamble Co. 29,565 2,152,036 Bank of America Corp. 36,549 2,134,462 Home Depot Inc. 53,210 2,041,668 Cisco Systems Inc./(1)/ 166,539 2,028,445 PepsiCo Inc. 40,401 1,959,449 Fannie Mae 23,276 1,863,477 Abbott Laboratories 35,365 1,833,675 BellSouth Corp. 42,724 1,775,182 Lilly (Eli) and Company 21,815 1,760,471 American Home Products Corp. 30,055 1,750,704 Wells Fargo & Company 39,018 1,734,350 AT&T Corp. 80,394 1,551,604 JP Morgan Chase & Co. 45,250 1,545,288 Amgen Inc./(1)/ 23,907 1,405,014 Schering-Plough Corp. 33,367 1,237,916 Chevron Corp. 14,605 1,237,774 Pharmacia Corporation 29,686 1,204,064 Oracle Corp./(1)/ 95,526 1,201,717 Medtronic Inc. 27,607 1,200,905 Morgan Stanley Dean Witter & Co. 25,394 1,177,012 Viacom Inc. "B"/(1)/ 30,400 1,048,800 Freddie Mac 15,831 1,029,015 WorldCom Inc./(1)/ 67,303 1,012,237 U.S. Bancorp 44,779 993,198 Texas Instruments Inc. 39,527 987,384 Wachovia Corp. 31,519 977,089 Dell Computer Corp./(1)/ 51,348 951,478 FleetBoston Financial Corp. 24,775 910,481 Du Pont (E.I.) de Nemours 23,739 890,687 Walt Disney Co. (The) 47,679 887,783 Minnesota Mining & Manufacturing Co. 8,956 881,270 American Express Co. 30,185 877,176 Anheuser-Busch Companies Inc. 20,212 846,479 Bank One Corp. 26,651 838,707 QUALCOMM Inc./(1)/ 17,280 821,491 Texaco Inc. 12,538 814,970 Walgreen Co. 23,149 797,020 McDonald's Corp. 29,360 796,830 Motorola Inc. 50,174 782,714 Merrill Lynch & Co. Inc. 19,084 774,810 Comcast Corp. "A"/(1)/ 21,489 770,810 Washington Mutual Inc. 19,986 769,061 Cardinal Health Inc. 10,216 755,473 Liberty Media Corp. "A"/(1)/ 58,912 748,182 Kimberly-Clark Corp. 12,033 746,046 Baxter International Inc. 13,372 736,129 Colgate-Palmolive Co. 12,614 734,765 AT&T Wireless Services Inc./(1)/ 48,232 720,586 Gillette Co. 24,092 717,942 Ford Motor Company 41,282 716,243 Fifth Third Bancorp 11,167 686,547 Dow Chemical Co. 20,471 670,630 Automatic Data Processing Inc. 14,183 667,168 Duke Energy Corp. 17,609 666,501 Target Corp. 20,456 649,478 Electronic Data Systems Corp. 10,705 616,394 Boeing Co. 18,318 613,653 Sun Microsystems Inc./(1)/ 74,114 612,923 Allstate Corp. 16,337 610,187 Alcoa Inc. 19,492 604,447 Marsh & McLennan Companies Inc. 6,246 603,988 Household International Inc. 10,491 591,483 EMC Corp./(1)/ 50,316 591,213 Bank of New York Co. Inc. 16,737 585,795 Hewlett-Packard Co. 36,015 579,842 Lowe's Companies Inc. 17,544 555,268 General Motors Corp. "A" 12,497 536,121 Applied Materials Inc./(1)/ 18,550 527,562 First Data Corp. 8,890 517,931 HCA - The Healthcare Company 11,673 517,231 Qwest Communications International Inc. 30,775 513,943
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ United Technologies Corp. 10,703 $ 497,690 MBNA Corp. 16,257 492,425 Honeywell International Inc. 18,447 487,001 El Paso Corp. 11,585 481,357 UnitedHealth Group Inc. 7,207 479,266 Phillips Petroleum Co. 8,645 466,311 Enron Corp. 17,040 463,999 Emerson Electric Co. 9,728 457,800 Kroger Co./(1)/ 18,266 450,074 Lucent Technologies Inc./(2)/ 77,666 445,026 Tenet Healthcare Corp./(1)/ 7,411 442,066 Clear Channel Communications Inc./(1)/ 11,011 437,687 Safeway Inc./(1)/ 10,885 432,352 Sprint Corp. (FON Group)/(2)/ 17,761 426,442 Alltel Corp. 7,115 412,314 National City Corp. 13,702 410,375 General Dynamics Corp. 4,574 403,976 Sara Lee Corp. 18,813 400,717 Sysco Corp. 15,282 390,302 Sprint Corp. (PCS Group)/(1)(2)/ 14,731 387,278 International Paper Co. 10,977 382,000 Waste Management Inc. 14,233 380,590 BB&T Corp. 10,366 377,841 SunTrust Banks Inc. 5,662 377,089 PNC Financial Services Group 6,564 375,789 Southern Co. 15,542 372,697 Costco Wholesale Corp./(1)/ 10,246 364,348 Gannett Co. Inc. 6,015 361,562 Conoco Inc. "B" 14,195 359,701 Lockheed Martin Corp. 8,128 355,600 Goldman Sachs Group Inc. (The) 4,975 354,966 Mellon Financial Corp. 10,847 350,684 Caterpillar Inc. 7,806 349,709 State Street Corp. 7,428 337,974 Heinz (H.J.) Co. 7,937 334,545 Dominion Resources Inc. 5,633 334,319 Exelon Corp. 7,274 324,420 AFLAC Inc. 11,923 321,921 Compaq Computer Corp. 38,739 321,921 Hartford Financial Services Group Inc. 5,412 317,901 American Electric Power Inc. 7,325 316,660 Kohls Corp./(1)/ 6,495 311,760 Williams Companies Inc. 11,408 311,438 Lehman Brothers Holdings Inc. 5,471 311,026 USA Education Inc./(2)/ 3,651 302,704 Equity Office Properties Trust 9,385 300,320 CVS Corp. 8,896 295,347 General Mills Inc. 6,474 294,567 Albertson's Inc. 9,210 293,615 Forest Laboratories Inc. "A"/(1)/ 4,026 290,436 Illinois Tool Works Inc. 5,286 286,025 Schwab (Charles) Corp. 24,851 285,787 Harley-Davidson Inc. 6,905 279,653 Concord EFS Inc./(1)(2)/ 5,713 279,651 CIGNA Corp. 3,366 279,210 Chubb Corp. 3,903 278,713 Hancock (John) Financial Services Inc. 6,901 275,695 Raytheon Co. 7,892 274,247 ConAgra Foods Inc. 12,212 274,159 Omnicom Group Inc. 4,220 273,878 Anadarko Petroleum Corp./(2)/ 5,696 273,864 United Parcel Service Inc. 5,216 271,128 TXU Corporation 5,848 270,879 Computer Associates International Inc. 10,387 267,361 Guidant Corp./(1)/ 6,912 266,112 General Motors Corp. "H"/(1)/ 19,919 265,520 Union Pacific Corp. 5,647 264,844 McGraw-Hill Companies Inc. 4,428 257,710 Southwest Airlines Co. 17,349 257,459 Analog Devices Inc./(1)/ 7,782 254,471 Cendant Corp./(1)(2)/ 19,501 249,613 FedEx Corp./(1)/ 6,765 248,614 McKesson HBOC Inc. 6,487 245,144 Maxim Integrated Products Inc./(1)/ 7,015 245,104 Weyerhaeuser Co. 4,909 239,117 Burlington Northern Santa Fe Corp. 8,900 238,075 Linear Technology Corp. 7,221 236,849 Avon Products Inc. 5,088 235,320 Northern Trust Corp. 4,482 235,215 KeyCorp 9,664 233,289 Micron Technology Inc./(1)/ 12,268 231,006 Sears, Roebuck and Co. 6,634 229,802 Paychex Inc. 7,225 227,660 Comerica Inc. 4,048 224,259 AON Corp. 5,280 221,760 Baker Hughes Inc. 7,627 220,802 Xcel Energy Inc. 7,834 220,527 Capital One Financial Corp. 4,790 220,484
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Halliburton Co. 9,766 $ 220,223 Genentech Inc./(1)/ 4,994 219,736 Becton Dickinson & Co. 5,872 217,264 Eastman Kodak Co. 6,611 215,056 FPL Group Inc. 3,996 213,986 Masco Corp. 10,460 213,802 Pitney Bowes Inc. 5,584 213,309 Progress Energy Inc. 4,936 212,199 TJX Companies Inc. 6,334 208,389 Occidental Petroleum Corp. 8,483 206,476 Agilent Technologies Inc./(1)/ 10,388 203,085 Ralston Purina Group 6,149 201,687 Genzyme Corp. - General Division/(1)/ 4,432 201,301 Public Service Enterprise Group Inc. 4,727 201,134 Deere & Co. 5,337 200,725 MetLife Inc./(2)/ 6,737 200,089 SouthTrust Corp. 7,839 199,659 Air Products & Chemicals Inc. 5,169 199,420 Allergan Inc. 3,006 199,298 Lincoln National Corp. 4,271 199,157 May Department Stores Co. 6,799 197,307 Consolidated Edison Inc./(2)/ 4,820 196,270 St. Paul Companies Inc. 4,745 195,589 VeriSign Inc./(1)(2)/ 4,613 193,285 Progressive Corporation 1,432 191,745 Corning Inc. 21,489 189,533 Dynegy Inc. "A" 5,444 188,635 USX-Marathon Group Inc. 7,021 187,812 Northrop Grumman Corp. 1,857 187,557 Biogen Inc./(1)/ 3,374 187,527 FirstEnergy Corp. 5,093 183,093 Wrigley (William Jr.) Co. 3,548 182,012 Cox Communications Inc. "A"/(1)(2)/ 4,337 181,070 Unocal Corp. 5,534 179,855 Biomet Inc. 6,128 179,244 Equity Residential Properties Trust 3,057 178,529 PPG Industries Inc. 3,825 174,994 Interpublic Group of Companies Inc. 8,531 174,032 MedImmune Inc./(1)/ 4,859 173,126 Best Buy Co. Inc./(1)/ 3,756 170,710 Mirant Corp./(1)/ 7,737 169,440 Golden West Financial Corp. 2,914 169,303 Xilinx Inc./(1)/ 7,194 169,275 MBIA Inc. 3,372 168,600 King Pharmaceuticals Inc./(1)/ 4,006 168,052 IMS Health Inc. 6,698 167,785 Veritas Software Corp./(1)/ 9,089 167,601 Bed Bath & Beyond Inc./(1)/ 6,575 167,399 Archer-Daniels-Midland Co. 13,258 166,918 Gap Inc. (The) 13,812 165,053 Solectron Corp./(1)(2)/ 14,162 164,987 Kellogg Co. 5,470 164,100 Burlington Resources Inc. 4,792 163,934 JDS Uniphase Corp./(1)/ 25,819 163,176 Stryker Corp. 3,058 161,768 Block (H & R) Inc. 4,189 161,528 DTE Energy Co. 3,745 161,222 AmerisourceBergen Corp./(1)(2)/ 2,244 159,212 Calpine Corp./(1)(2)/ 6,933 158,142 Wellpoint Health Networks Inc./(1)/ 1,444 157,613 Reliant Energy Inc. 5,971 157,157 Entergy Corp. 4,379 155,717 Synovus Financial Corp. 5,596 154,450 Praxair Inc. 3,671 154,182 Jefferson-Pilot Corp. 3,456 153,723 Mattel Inc./(1)/ 9,788 153,280 CSX Corp. 4,846 152,649 AmSouth Bancorp 8,372 151,282 Delphi Automotive Systems Corp. 12,724 149,507 Regions Financial Corp. 5,173 149,293 Georgia-Pacific Corp. 5,175 148,988 SunGard Data Systems Inc./(1)/ 6,332 147,979 eBay Inc./(1)(2)/ 3,226 147,589 Boston Scientific Corp./(1)/ 7,164 146,862 Marriott International Inc. "A" 4,379 146,259 Loews Corp. 3,142 145,412 Fiserv Inc./(1)/ 4,247 145,247 Clorox Co. 3,923 145,151 Healthsouth Corp./(1)/ 8,891 144,568 Charter One Financial Inc. 5,111 144,232 Norfolk Southern Corp. 8,752 141,082 Intuit Inc./(1)/ 3,925 140,515 M&T Bank Corp. 1,897 140,378 MGIC Investment Corp. 2,148 140,350 Campbell Soup Co. 4,983 139,524 New York Times Co. "A" 3,570 139,337 Dover Corp. 4,618 139,048 Hershey Foods Corp. 2,125 138,911
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Marshall & Ilsley Corp. 2,447 $ 138,720 Staples Inc./(1)/ 10,387 138,355 Altera Corp./(1)/ 8,252 135,168 Tribune Co. 4,301 135,051 Franklin Resources Inc. 3,891 134,901 St. Jude Medical Inc./(1)/ 1,970 134,847 Union Planters Corp. 3,120 133,848 PG&E Corp. 8,797 133,714 KLA-Tencor Corp./(1)(2)/ 4,215 133,110 Moody's Corp. 3,597 133,089 Immunex Corp./(1)/ 7,124 133,076 Kerr-McGee Corp. 2,552 132,474 Watson Pharmaceuticals Inc./(1)/ 2,405 131,578 Lexmark International Group Inc. "A"/(1)/ 2,941 131,492 Tricon Global Restaurants Inc./(1)/ 3,347 131,269 Penney (J.C.) Company Inc. 5,983 131,028 Newell Rubbermaid Inc./(2)/ 5,762 130,855 Electronic Arts Inc./(1)/ 2,861 130,662 Providian Financial Corp. 6,462 130,209 Adobe Systems Inc. 5,429 130,187 Johnson Controls Inc. 1,985 129,501 Starbucks Corp./(1)(2)/ 8,662 129,410 Cincinnati Financial Corp. 3,092 128,689 R.J. Reynolds Tobacco Holdings Inc. 2,223 127,022 Xerox Corp. 16,295 126,286 IDEC Pharmaceuticals Corp./(1)(2)/ 2,530 125,412 Genuine Parts Co. 3,922 124,955 AES Corp./(1)/ 9,710 124,482 Apple Computer Inc./(1)/ 7,975 123,692 UNUMProvident Corp. 4,883 123,296 UST Inc. 3,710 123,172 Apache Corp. 2,844 122,292 Zimmer Holdings Inc./(1)/ 4,400 122,100 Ingersoll-Rand Co. 3,597 121,579 Gilead Sciences Inc./(1)/ 2,163 121,496 Computer Sciences Corp./(1)/ 3,658 121,336 National Commerce Financial Corp. 4,646 121,261 Ameren Corp./(2)/ 3,118 119,731 Countrywide Credit Industries Inc. 2,708 118,962 Applera Corp. - Applied Biosystems Group 4,798 117,071 Federated Department Stores Inc./(1)/ 4,135 116,607 Sempra Energy 4,702 116,375 Rohm & Haas Co. "A" 3,534 115,774 Health Management Associates Inc. "A"/(1)/ 5,574 115,716 Fortune Brands Inc. 3,453 115,675 EchoStar Communications Corp./(1)/ 4,865 113,209 Ambac Financial Group Inc. 2,066 113,031 Zions Bancorp 2,097 112,525 Cinergy Corp. 3,614 111,564 Siebel Systems Inc./(1)/ 8,502 110,611 Torchmark Corp. 2,835 110,565 Telephone & Data Systems Inc. 1,169 110,237 NiSource Inc. 4,700 109,557 North Fork Bancorp 3,677 109,354 PPL Corp. 3,315 108,069 Convergys Corp./(1)/ 3,889 107,920 CenturyTel Inc. 3,204 107,334 PeopleSoft Inc./(1)/ 5,932 107,013 First Tennessee National Corp. 2,890 106,930 Waters Corp./(1)/ 2,970 106,237 Cintas Corp. 2,627 105,868 Ecolab Inc. 2,904 105,502 Newmont Mining Corp. 4,453 105,091 Avery Dennison Corp. 2,215 104,792 KeySpan Corp. 3,143 104,473 Allegheny Energy Inc. 2,833 103,971 GPU Inc. 2,566 103,564 Nextel Communications Inc. "A"/(1)(2)/ 11,919 102,980 Danaher Corp./(2)/ 2,173 102,522 Willamette Industries Inc. 2,273 102,262 RadioShack Corp. 4,160 100,880 Amerada Hess Corp. 1,579 100,266 AutoZone Inc./(1)/ 1,930 100,090 Express Scripts Inc. "A"/(1)/ 1,792 99,456 Starwood Hotels & Resorts Worldwide Inc. 4,513 99,286 Sanmina Corp./(1)/ 7,285 98,930 Huntington Bancshares Inc. 5,704 98,736 Stilwell Financial Inc. 5,014 97,773 Edison International 7,407 97,476 Quest Diagnostics Inc./(1)/ 1,578 97,363 Popular Inc. 3,100 96,720 Bear Stearns Companies Inc. 1,908 95,419 Knight Ridder Inc. 1,695 94,666 Cadence Design Systems Inc./(1)/ 5,651 94,089 Aetna Inc./(1)/ 3,248 93,835 Eaton Corp. 1,579 93,493 Kinder Morgan Inc. 1,896 93,302 Mylan Laboratories Inc. 2,851 93,000
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Family Dollar Stores Inc. 3,379 $ 92,990 Vulcan Materials Co. 2,143 92,578 Pepsi Bottling Group Inc. 2,006 92,416 Office Depot Inc./(1)/ 6,789 92,330 LSI Logic Corp./(1)/ 7,834 92,050 Tellabs Inc./(1)/ 9,308 91,963 Textron Inc. 2,729 91,722 Parker Hannifin Corp. 2,654 91,032 Devon Energy Corp. 2,642 90,885 Constellation Energy Group Inc. 3,725 90,145 Human Genome Sciences Inc./(1)/ 2,897 89,546 Molex Inc. 3,185 89,530 Millennium Pharmaceuticals Inc./(1)/ 4,989 88,605 Novellus Systems Inc./(1)/ 3,094 88,365 Chiron Corp./(1)/ 1,986 88,119 National Semiconductor Corp./(1)/ 3,992 88,024 SAFECO Corp. 2,901 87,987 Broadcom Corp. "A"/(1)/ 4,330 87,899 Caremark Rx Inc./(1)/ 5,262 87,770 Laboratory Corp. of America Holdings/(1)/ 1,085 87,722 Univision Communications Inc./(1)(2)/ 3,805 87,325 Leggett & Platt Inc. 4,468 87,126 Andrx Group/(1)(2)/ 1,335 86,668 Gemstar-TV Guide International Inc./(1)/ 4,341 85,561 Citrix Systems Inc./(1)(2)/ 4,250 84,150 TECO Energy Inc. 3,092 83,793 Apollo Group Inc. "A"/(1)(2)/ 1,973 82,925 Cooper Industries Inc. 1,991 82,567 TCF Financial Corp. 1,775 81,757 Cablevision Systems Corp./(1)/ 1,995 81,675 Sabre Holdings Corp./(1)/ 3,044 81,397 Microchip Technology Inc./(1)/ 3,021 80,963 Ultramar Diamond Shamrock Corp. 1,676 80,347 Broadwing Inc./(1)/ 4,966 79,853 Comverse Technology Inc./(1)/ 3,897 79,811 IVAX Corporation/(1)(2)/ 3,589 79,568 Nike Inc. "B" 1,693 79,249 BJ's Wholesale Club Inc./(1)/ 1,659 78,985 Invitrogen Corp./(1)(2)/ 1,199 78,846 ITT Industries Inc. 1,758 78,758 Imclone Systems Inc./(1)(2)/ 1,380 78,039 Teradyne Inc./(1)/ 3,995 77,903 Kmart Corp./(1)/ 11,132 77,813 Estee Lauder Companies Inc. "A" 2,347 77,803 Simon Property Group Inc. 2,887 77,689 Toys R Us Inc./(1)/ 4,502 77,569 Dime Bancorp Inc. 1,951 76,713 Ciena Corp./(1)/ 7,435 76,506 Pinnacle West Capital Corp. 1,925 76,423 Sigma-Aldrich Corp. 1,690 76,388 Coca-Cola Enterprises Inc. 4,937 75,734 Compass Bancshares Inc. 2,909 75,721 Servicemaster Co. 6,811 75,534 American Standard Companies Inc./(1)/ 1,357 74,635 Thermo Electron Corp./(1)/ 4,132 74,583 Limited Inc. 7,770 73,815 Delta Air Lines Inc. 2,797 73,701 Utilicorp United Inc. 2,622 73,442 Harrah's Entertainment Inc./(1)/ 2,701 72,954 International Game Technology Inc./(1)/ 1,700 72,250 McCormick & Co. Inc. 1,573 72,043 Noble Drilling Corp./(1)/ 2,995 71,880 Archstone Communities Trust/(2)/ 2,754 71,879 Tiffany & Co. 3,312 71,705 Equifax Inc. 3,271 71,635 Affiliated Computer Services Inc. "A"/(1)(2)/ 877 71,397 PACCAR Inc. 1,448 71,053 Dollar General Corp. 6,071 71,031 Whirlpool Corp. 1,281 70,903 Radian Group Inc. 1,840 70,840 Old Republic International Corp. 2,701 70,793 TRW Inc. 2,369 70,644 Cytyc Corp./(1)/(2) 2,627 70,430 SPX Corp./(1)/(2) 849 70,382 Robert Half International Inc./(1)/ 3,510 70,235 Fluor Corp. 1,823 70,185 Nucor Corp. 1,766 70,110 Darden Restaurants Inc. 2,670 70,087 T Rowe Price Group Inc. 2,388 69,968 DPL Inc. 2,875 69,920 American Water Works Inc. 1,767 69,796 Banknorth Group Inc. 3,116 69,549 Sealed Air Corp./(1)(2)/ 1,905 69,513 Duke-Weeks Realty Corp. 2,931 69,435 EOG Resources Inc. 2,382 68,911 Engelhard Corp. 2,980 68,838 Public Storage Inc. 2,056 68,670 Brocade Communications System Inc./(1)/ 4,886 68,551
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Apartment Investment & Management Co. "A" 1,507 $ 68,207 AdvancePCS/(1)/ 949 68,119 Greenpoint Financial Corp. 1,938 68,024 Yahoo! Inc./(1)/ 7,680 67,661 BMC Software Inc./(1)/ 5,310 67,437 AMR Corp./(1)/ 3,510 67,181 Stanley Works (The) 1,828 66,813 DST Systems Inc./(1)/ 1,536 66,432 Georgia-Pacific (Timber Group) 1,832 66,355 BJ Services Co./(1)/ 3,729 66,339 Sherwin-Williams Co. 2,985 66,327 Donnelley (R.R.) & Sons Co. 2,446 66,164 AvalonBay Communities Inc. 1,385 66,134 BEA Systems Inc./(1)/ 6,887 66,046 Grainger (W.W.) Inc. 1,699 66,006 Manor Care Inc./(1)/ 2,341 65,782 Bisys Group Inc./(1)(2)/ 1,235 65,480 Rite Aid Corp./(1)(2)/ 8,466 65,358 Jones Apparel Group Inc./(1)/ 2,547 64,923 Gallagher (Arthur J.) & Co. 1,913 64,755 Intersil Holding Corp./(1)/ 2,318 64,719 Avaya Inc./(1)/ 6,485 64,201 Oxford Health Plans Inc./(1)(2)/ 2,254 64,014 Advanced Micro Devices Inc./(1)/ 7,851 63,986 Edwards (A.G.) Inc. 1,817 63,795 NVIDIA Corp./(1)(2)/ 2,322 63,785 Eastman Chemical Co. 1,752 63,598 Sepracor Inc./(1)(2)/ 1,770 63,543 Ocean Energy Inc. 3,894 63,472 PMI Group Inc. (The) 1,014 63,263 Compuware Corp./(1)/ 7,568 63,041 Mercantile Bankshares Corp. 1,586 62,964 ADC Telecommunications Inc./(1)/ 17,936 62,597 Unisys Corp./(1)/ 7,226 62,577 Republic Services Inc. "A"/(1)/ 3,855 62,451 Citizen Communications Co./(1)(2)/ 6,641 62,425 Scientific-Atlanta Inc. 3,552 62,338 Mead Corp. 2,251 62,308 Sunoco Inc. 1,744 62,086 Diebold Inc. 1,624 61,874 NCR Corp./(1)/ 2,084 61,791 Boston Properties Inc. 1,616 61,618 Atmel Corp./(1)(2)/ 9,213 61,543 Weatherford International Inc./(1)/ 2,412 61,530 Kimco Realty Corp./(2)/ 1,267 61,513 Ashland Inc. 1,582 60,986 Astoria Financial Corp. 1,029 60,979 Nabors Industries Inc./(1)/ 2,903 60,876 SCANA Corp. 2,382 60,455 Jabil Circuit Inc./(1)(2)/ 3,374 60,395 Northeast Utilities 3,224 60,386 CMS Energy Corp. 3,016 60,320 Vornado Realty Trust 1,508 59,868 Prologis Trust 2,821 59,523 ChoicePoint Inc./(1)/ 1,425 59,337 Hilton Hotels Corp. 7,529 59,103 Murphy Oil Corp. 815 58,973 Hibernia Corp. "A" 3,606 58,958 VF Corp. 2,011 58,862 First Health Group Corp./(1)/ 2,001 58,789 Fidelity National Financial Inc. 2,159 58,056 SUPERVALU Inc. 2,868 58,020 Symantec Corp./(1)/ 1,672 57,968 Niagara Mohawk Holdings Inc./(1)/ 3,405 57,783 Goodyear Tire & Rubber Co. 3,129 57,667 Legg Mason Inc. 1,448 57,572 Millipore Corp. 1,086 57,493 Apogent Technologies Inc./(1)/ 2,402 57,408 SCI Systems Inc./(1)/ 3,186 57,348 Black & Decker Corp. 1,836 57,283 Triad Hospitals Inc./(1)/ 1,617 57,242 PerkinElmer Inc. 2,177 57,124 Cabot Corp. 1,426 56,897 Wisconsin Energy Corp. 2,512 56,520 Agere Systems Inc./(1)/ 13,632 56,300 Beckman Coulter Inc. 1,269 56,153 Lincare Holdings Inc./(1)/ 2,113 56,142 Alliant Energy Corp./(2)/ 1,792 56,090 Bard (C.R.) Inc. 1,088 55,934 Homestake Mining Company 5,986 55,670 Wendy's International Inc. 2,087 55,619 Juniper Networks Inc./(1)/ 5,712 55,406 Synopsys Inc./(1)/ 1,381 55,392 Hillenbrand Industries Inc. 1,025 55,319 Symbol Technologies Inc. 5,175 54,286 Newport News Shipbuilding Inc. 805 54,096 Fox Entertainment Group Inc. "A"/(1)/ 2,827 53,996
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Allmerica Financial Corp. 1,200 $ 53,820 Commerce Bancshares Inc. 1,428 53,721 Brown-Forman Corp. "B" 849 53,640 Brinker International Inc./(1)/ 2,264 53,476 Federated Investors Inc. "B" 1,806 53,458 Circuit City Stores Inc. 4,453 53,436 American Tower Corp./(1)/(2) 3,847 53,435 Energy East Corp. 2,657 53,432 Trigon Healthcare Inc./(1)/ 814 53,317 Sovereign Bancorp Inc. 5,610 53,295 AmeriCredit Corp./(1)/(2) 1,685 53,280 Ross Stores Inc. 1,820 53,235 Deluxe Corp. 1,536 53,053 Global Marine Inc./(1)/ 3,775 52,850 Valley National Bancorp 1,776 52,836 Dana Corp.(2) 3,361 52,432 TMP Worldwide Inc./(1)/(2) 1,844 52,351 Pactiv Corp./(1)/ 3,611 52,323 Heller Financial Inc. "A" 988 52,137 Rockwell International Corp. 3,551 52,129 Smurfit-Stone Container Corp./(1)/ 3,910 51,729 Expeditors International Washington Inc. 1,088 51,517 Universal Health Services Inc. "B"/(1)/ 1,050 51,240 AutoNation Inc./(1)/ 5,821 51,167 Dun & Bradstreet Corp./(1)/ 1,822 51,016 Associated Bancorp 1,504 50,971 Sonoco Products Co. 2,168 50,948 Cephalon Inc./(1)(2)/ 1,019 50,828 Westvaco Corp. 1,968 50,578 IBP Inc. 2,137 50,540 SEI Investment Co. 1,579 50,528 Golden State Bancorp Inc. 1,661 50,494 NSTAR 1,205 50,490 Rockwell Collins 3,551 50,424 Temple-Inland Inc. 1,061 50,387 First Virginia Banks Inc. 1,099 50,334 ICOS Corp./(1)(2)/ 1,022 50,293 International Flavors & Fragrances Inc. 1,812 50,174 Vishay Intertechnology Inc./(1)/ 2,726 50,158 Pall Corp. 2,574 50,064 Potomac Electric Power Co. 2,274 49,937 RF Micro Devices Inc./(1)(2)/ 2,987 49,584 Smithfield Foods Inc./(1)/ 2,350 49,468 Varian Medical Systems Inc./(1)/ 768 49,267 Phelps Dodge Corp. 1,786 49,115 Openwave Systems Inc./(1)/ 3,841 48,973 ICN Pharmaceuticals Inc. 1,850 48,748 iStar Financial Inc. 1,969 48,634 Enzon Inc./(1)(2)/ 953 48,603 Avnet Inc. 2,667 48,513 Peregrine Systems Inc./(1)/ 3,838 48,474 ALLETE 1,888 48,408 Venator Group Inc./(1)/ 3,172 48,373 Valero Energy Corp./(2)/ 1,377 48,333 Conseco Inc./(1)(2)/ 6,640 48,206 Lam Research Corp./(1)/ 2,835 48,053 Integrated Device Technology Inc./(1)/ 2,388 48,047 Dentsply International Inc. 1,043 47,915 Dow Jones & Co. Inc. 1,054 47,883 Allied Capital Corp. 2,104 47,866 Harris Corp. 1,498 47,666 Conexant Systems Inc./(1)/ 5,736 47,609 Liberty Property Trust 1,658 47,568 Conectiv Inc. 2,014 47,329 USA Networks Inc./(1)/ 2,630 47,287 Bowater Inc. 1,072 47,189 Arrow Electronics Inc./(1)(2)/ 2,249 46,914 Protein Design Labs Inc./(1)(2)/ 992 46,852 DeVry Inc./(1)/ 1,294 46,455 Centex Corp. 1,377 46,446 Western Wireless Corp. "A"/(1)/ 1,371 46,312 Humana Inc./(1)/ 3,840 46,310 Polycom Inc./(1)(2)/ 1,900 46,303 ENSCO International Inc. 3,133 45,804 Health Care Property Investors Inc. 1,188 45,679 Manpower Inc. 1,728 45,498 Applied Micro Circuits Corp./(1)/ 6,497 45,414 Hasbro Inc. 3,231 45,234 Celgene Corp./(1)/ 1,709 45,169 Liz Claiborne Inc. 1,195 45,052 Bemis Co. 1,130 45,030 Network Appliance Inc./(1)/ 6,610 44,948 Park Place Entertainment Corp./(1)/ 6,105 44,750 L-3 Communications Holdings Inc./(1)(2)/ 505 44,162 Tech Data Corp./(1)/ 1,154 43,737 Equitable Resources Inc. 1,457 43,725 CSG Systems International Inc./(1)/ 1,064 43,624 Commerce Bancorp Inc. 640 43,520
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ American Power Conversion Corp./(1)/ 3,712 $ 43,356 Crescent Real Estate Equities Co. 2,020 43,329 CH Robinson Worldwide Inc. 1,489 43,121 Martin Marietta Materials Inc. 1,100 43,021 Neuberger Berman Inc. 1,230 42,902 Pacific Century Financial Corp. 1,835 42,884 Readers Digest Association Inc. (The) "A" 2,329 42,830 Maytag Corp. 1,734 42,726 Lennar Corp. 1,184 42,671 Goodrich (B.F.) Co. 2,181 42,486 Scripps (E.W.) Company 697 42,454 Puget Energy Inc. 1,968 42,292 Waddell & Reed Financial Inc. "A" 1,623 42,198 Ceridian Corp./(1)/ 2,907 42,151 Fulton Financial Corp. 1,873 41,862 FirstMerit Corp. 1,779 41,753 Investors Financial Services Corp. 724 41,731 National Fuel Gas Co. 1,806 41,592 Washington Post Company (The) "B" 80 41,584 Dollar Tree Stores Inc./(1)/ 2,216 41,550 Protective Life Corp. 1,432 41,528 Eaton Vance Corp. 1,324 41,507 General Growth Properties Inc. 1,192 41,446 Smith International Inc./(1)/ 1,133 41,241 Patterson Dental Co./(1)/ 1,117 41,173 Omnicare Inc. 1,873 40,888 Outback Steakhouse Inc./(1)/ 1,593 40,797 WorldCom Inc. - MCI Group/(2)/ 2,674 40,725 Lamar Advertising Co./(1)/ 1,341 40,659 UnionBanCal Corporation 1,200 40,608 Gentex Corp./(1)/ 1,698 40,565 Certegy Inc./(1)(2)/ 1,555 40,368 Unitrin Inc. 1,056 40,360 Network Associates Inc./(1)(2)/ 3,122 40,243 CarrAmerica Realty Corp. 1,343 40,236 Investment Technology Group Inc./(1)/ 725 40,230 Transatlantic Holdings Inc. 476 40,203 Hormel Foods Corp. 1,695 40,036 QLogic Corp./(1)(2)/ 2,101 39,919 NICOR Inc. 1,029 39,874 Abgenix Inc./(1)/ 1,755 39,838 Noble Affiliates Inc. 1,285 39,822 Health Net Inc./(1)/ 2,071 39,805 BancWest Corporation 1,138 39,750 Rational Software Corp./(1)/ 4,582 39,680 Service Corp. International/(1)(2)/ 6,586 39,648 Semtech Corp./(1)/ 1,395 39,590 Catellus Development Corp./(1)/ 2,252 39,365 Cypress Semiconductor Corp./(1)(2)/ 2,648 39,349 Autodesk Inc. 1,223 39,209 AMB Property Corp. 1,595 39,077 DaVita Inc./(1)/ 1,916 38,991 Crown Castle International Corp./(1)/ 4,332 38,988 Allied Waste Industries Inc./(1)/ 3,055 38,951 Valassis Communications Inc./(1)/ 1,217 38,834 International Rectifier Corp./(1)(2)/ 1,425 38,803 OGE Energy Corp./(2)/ 1,770 38,710 Cooper Cameron Corp./(1)/ 1,177 38,606 PMC - Sierra Inc./(1)(2)/ 3,740 38,410 Roslyn Bancorp Inc. 2,075 38,408 Barnes & Noble Inc./(1)(2)/ 1,063 38,374 Navistar International Corp./(1)/ 1,351 38,166 Visteon Corp. 2,968 37,842 City National Corp. 872 37,627 Valspar Corp. 1,125 37,620 Fastenal Co./(2)/ 658 37,493 XTO Energy Inc. 2,663 37,149 Sky Financial Group Inc. 1,866 37,133 E*trade Group Inc./(1)(2)/ 6,115 36,996 Webster Financial Corp. 1,122 36,981 Abercrombie & Fitch Co. "A"/(1)/ 2,094 36,833 MONY Group Inc. 1,112 36,829 Lear Corp./(1)/ 1,363 36,828 Kansas City Power & Light Co./(2)/ 1,410 36,787 Host Marriott Corp. 5,200 36,660 Viad Corp. 1,904 36,519 Lubrizol Corp. 1,154 36,466 Quintiles Transnational Corp./(1)/ 2,484 36,266 Fairchild Semiconductor Corp. "A"/(1)/ 2,259 36,257 ResMed Inc./(1)(2)/ 713 36,220 Wilmington Trust Corp. 655 36,156 MDU Resources Group Inc. 1,543 36,060 CDW Computer Centers Inc./(1)/ 985 35,637 Old National Bancorp 1,349 35,074 Iron Mountain Inc./(1)/ 846 35,067 Westwood One Inc./(1)/ 1,576 35,066 Borders Group Inc./(1)/ 1,829 35,025 Autoliv Inc. 2,224 35,006
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Adelphia Communications Corp. "A"/(1)(2)/ 1,573 $ 34,921 Questar Corp. 1,727 34,851 Hispanic Broadcasting Corp./(1)/ 2,164 34,840 Tektronix Inc./(1)/ 1,987 34,753 Medicis Pharmaceutical Corp. "A"/(1)/ 695 34,736 Whole Foods Market Inc./(1)(2)/ 1,105 34,708 Energizer Holdings Inc./(1)/ 2,084 34,636 Hanover Compressor Co./(1)(2)/ 1,600 34,624 Bausch & Lomb Inc. 1,217 34,441 Nordstrom Inc. 2,383 34,434 Vectren Corporation 1,537 34,413 Hospitality Properties Trust 1,423 34,266 Tidewater Inc. 1,275 34,030 New Plan Excel Realty Trust 1,984 33,926 Barr Laboratories Inc./(1)(2)/ 429 33,917 Galileo International Inc. 1,626 33,756 Applera Corp. - Celera Genomics Group/(1)/ 1,393 33,571 Herman Miller Inc. 1,724 33,566 Vitesse Semiconductor Corp./(1)(2)/ 4,328 33,542 Arden Realty Inc. 1,311 33,522 Mohawk Industries Inc./(1)/ 902 33,149 Jack Henry & Associates Inc. 1,459 33,105 MGM Grand Inc./(1)(2)/ 1,471 33,068 Amphenol Corp. "A"/(1)(2)/ 949 32,978 Washington Federal Inc. 1,311 32,841 Brunswick Corp. 1,993 32,825 Boise Cascade Corp. 1,108 32,686 Alberto-Culver Co. "B" 833 32,395 Pulte Corp./(2)/ 1,052 32,244 Hubbell Inc. "B" 1,101 32,105 KEMET Corp./(1)/ 1,943 31,982 Lattice Semiconductor Corp./(1)/ 2,030 31,871 Pioneer Natural Resources Co./(1)/ 2,238 31,847 Cullen/Frost Bankers Inc. 1,175 31,666 Rouse Co. 1,309 31,639 Diamond Offshore Drilling Inc./(2)/ 1,254 31,626 GATX Corporation 939 31,588 Charter Communications Inc./(1)(2)/ 2,549 31,557 Mercury Interactive Corp./(1)/ 1,656 31,530 Pride International Inc./(1)(2)/ 3,020 31,408 Constellation Brands Inc./(1)/ 752 31,328 Jacobs Engineering Group Inc./(1)/ 498 31,075 Parametric Technology Corp./(1)/ 5,969 30,979 Amkor Technology Inc./(1)(2)/ 2,936 30,887 Markel Corp./(1)/ 158 30,810 Plum Creek Timber Co. Inc./(2)/ 1,146 30,610 IDACorp Inc. 854 30,539 Pentair Inc. 991 30,493 Security Capital Group "B"/(1)/ 1,617 30,254 Vertex Pharmaceuticals Inc./(1)(2)/ 1,677 30,253 Henry Schein Inc./(1)/ 783 30,224 Triton PCS Holdings Inc. "A"/(1)/ 795 30,210 Micrel Inc./(1)/ 1,511 30,129 Mettler Toledo International Inc./(1)/ 714 30,088 HCC Insurance Holdings Inc. 1,144 30,087 OM Group Inc. 546 30,030 Quantum DLT & Storage Group/(1)/ 3,680 30,029 Helmerich & Payne Inc. 1,146 29,911 Mack-Cali Realty Corp. 962 29,822 Storage Technology Corp./(1)/ 2,367 29,706 HON Industries Inc. 1,346 29,558 3Com Corp./(1)/ 7,854 29,452 Snap-On Inc. 1,314 29,342 Solutia Inc. 2,355 29,202 Monsanto Company 864 29,143 Teleflex Inc. 774 28,940 Reynolds & Reynolds Co. "A" 1,229 28,636 Pogo Producing Co. 1,216 28,576 PepsiAmericas Inc. 1,909 28,540 Belo (A.H.) Corp. 1,774 28,455 Alkermes Inc./(1)/ 1,447 28,332 Meredith Corp. 877 28,178 USX-U.S. Steel Group Inc. 2,015 28,170 Cerner Corp./(1)/ 565 27,967 Enterasys Networks Inc./(1)/ 4,308 27,787 Krispy Kreme Doughnuts Inc./(1)(2)/ 937 27,735 KPMG Consulting Inc./(1)/ 2,557 27,641 Lyondell Chemical Co. 2,414 27,640 Payless Shoesource Inc./(1)(2)/ 504 27,619 Clayton Homes Inc. 2,225 27,145 Advanced Fibre Communications Inc./(1)/ 1,854 27,087 COR Therapeutics Inc./(1)(2)/ 1,195 27,043 D.R. Horton Inc. 1,289 26,889 National-Oilwell Inc./(1)/ 1,839 26,666 Rowan Companies Inc./(1)/ 2,149 26,605 Western Resources Inc. 1,601 26,497 Macrovision Corp./(1)/ 932 26,478 Cabot Microelectronics Corp./(1)(2)/ 547 26,426
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Security Shares Value - -------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------- Community Health Systems Inc./(1)/ 886 $ 26,350 Shaw Group Inc./(1)(2)/ 935 26,339 Coach Inc./(1)/ 986 26,139 Precision Castparts Corp. 1,174 26,063 Crane Co. 1,184 25,953 FMC Corp./(1)/ 527 25,818 OSI Pharmaceuticals Inc./(1)(2)/ 794 25,805 Advent Software Inc./(1)/ 684 25,753 Level 3 Communications Inc./(1)(2)/ 6,803 25,715 Pharmaceutical Product Development Inc./(1)/ 875 25,629 Newfield Exploration Co./(1)/ 876 25,579 Cummins Engine Company Inc. 773 25,509 CNF Transportation Inc. 1,111 25,364 WebMD Corp./(1)/ 5,948 25,338 Leucadia National Corp. 811 25,303 Tyson Foods Inc. "A"/(2)/ 2,499 25,040 EarthLink Inc./(1)/ 1,644 25,038 Medarex Inc./(1)/ 1,656 25,006 Amazon.com Inc./(1)(2)/ 4,185 24,984 Mitchell Energy & Development Corp. "A" 493 24,709 Massey Energy Co. 1,678 24,583 Cree Inc./(1)(2)/ 1,660 24,535 Williams-Sonoma Inc./(1)/ 1,007 23,977 Callaway Golf Co. 1,869 23,923 Six Flags Inc./(1)/ 1,955 23,910 Reebok International Ltd./(1)/ 1,149 23,784 Lafarge Corp. 704 23,514 CheckFree Corp./(1)/ 1,366 23,181 Coors (Adolf) Company "B" 515 23,175 Mercury General Corp. 583 23,145 Catalina Marketing Corp./(1)/ 822 23,016 Trustmark Corp. 1,015 22,716 Hudson City Bancorp Inc. 949 22,681 Allegheny Technologies Inc. 1,700 22,661 American Eagle Outfitters Inc./(1)/ 1,127 22,427 UAL Corp. 1,225 22,369 Mandalay Resort Group Inc./(1)/ 1,378 22,365 Polo Ralph Lauren Corp./(1)/ 1,190 22,313 Gateway Inc./(1)/ 4,082 22,247 International Speedway Corp. "A" 627 21,838 Louis Dreyfus Natural Gas Corp./(1)/ 561 21,823 Ingram Micro Inc. "A"/(1)/ 1,679 21,659 McClatchy Co. (The) "A" 515 21,630 i2 Technologies Inc./(1)/ 6,237 21,455 Labranche & Co. Inc./(1)/ 966 21,445 Orthodontic Centers of America Inc./(1)//(2)/ 869 21,421 American Financial Group Inc. 963 21,379 Big Lots Inc. 2,577 21,363 Exult Inc./(1)/ 1,826 21,346 SICOR Inc./(1)/ 1,129 21,327 Winn-Dixie Stores Inc. 1,856 21,251 Sybase Inc./(1)/ 2,274 21,148 Total System Services Inc. 853 21,129 Steelcase Inc. 1,672 21,017 Axcelis Technologies Inc./(1)/ 2,210 20,884 Entercom Communications Corp./(1)/ 609 20,706 Varco International Inc./(1)(2)/ 1,708 20,633 Nationwide Financial Services Inc. 549 20,412 Hercules Inc./(1)(2)/ 2,464 20,328 Freeport-McMoRan Copper & Gold Inc./(1)(2)/ 1,848 20,310 Alleghany Corp./(1)/ 102 20,298 Harte-Hanks Inc. 934 20,212 Mentor Graphics Corp./(1)/ 1,466 20,201 Cablevision Systems Corporation - Rainbow Media Group/(1)/ 994 20,128 Extended Stay America Inc./(1)/ 1,383 20,012 Vignette Corp./(1)/ 5,612 19,866 Neiman-Marcus Group Inc. "A"/(1)/ 806 19,707 Reliant Resources Inc./(1)/ 1,208 19,570 Ethan Allen Interiors Inc. 711 19,552 AVX Corp./(2)/ 1,200 19,524 Great Lakes Chemical Corp. 882 19,492 Acxiom Corp./(1)/ 2,053 19,298 Metris Companies Inc. 775 19,181 American National Insurance Co. 234 18,954 Packaging Corporation of America/(1)/ 1,224 18,911 Patterson-UTI Energy Inc./(1)/ 1,524 18,837 Palm Inc./(1)/ 12,887 18,815 SkyWest Inc. 1,124 18,793 Continental Airlines Inc. "B"/(1)(2)/ 1,247 18,705 NRG Energy Inc./(1)/ 1,152 18,674 Black Hills Corp. 604 18,434 Tootsie Roll Industries Inc. 480 18,365 AK Steel Holding Corp. 2,167 18,311 Orion Power Holdings Inc./(1)/ 711 18,131 CuraGen Corp./(1)(2)/ 928 17,910 Emulex Corp./(1)(2)/ 1,855 17,641 Erie Indemnity Co. "A" 445 17,600
- -------------------------------------------------------------------------------- iShares Schedule of Investments page 149 iShares Russell 1000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Cox Radio Inc. "A"/(1)/ 851 $ 17,165 United States Cellular Corp./(1)(2)/ 346 17,127 National Instruments Corp./(1)/ 654 17,115 Radio One Inc. "D"/(1)/ 1,473 16,998 Provident Financial Group Inc. 670 16,918 RSA Security Inc./(1)/ 1,212 16,314 Myriad Genetics Inc./(1)/ 532 16,300 St. Joe Company (The) 627 16,208 Insight Communications Co. Inc./(1)/ 872 16,045 Forest Oil Corp./(1)/ 640 15,872 Intimate Brands Inc. 1,763 15,867 Aviron/(1)/ 636 15,830 Extreme Networks Inc./(1)/ 2,289 15,817 Blockbuster Inc./(2)/ 704 15,418 United Rentals Inc./(1)(2)/ 889 15,415 Knight Trading Group Inc./(1)/ 1,988 15,327 PanAmSat Corp./(1)/ 656 15,298 Metro-Goldwyn-Mayer Inc./(1)/ 901 15,272 SanDisk Corp./(1)/ 1,546 15,244 Pixar Inc./(1)/ 377 15,231 Wind River Systems Inc./(1)/ 1,442 15,141 DoubleClick Inc./(1)(2)/ 2,652 15,116 Maxtor Corp./(1)/ 4,221 15,069 TeleCorp PCS Inc./(1)/ 1,335 14,752 CNA Financial Corp./(1)(2)/ 544 14,710 Grant Prideco Inc./(1)/ 2,330 14,190 UTStarcom Inc./(1)/ 873 14,186 Affymetrix Inc./(1)(2)/ 875 14,044 BlackRock Inc./(1)/ 316 13,974 Acterna Corp./(1)/ 4,371 13,900 Tekelec/(1)/ 1,051 13,842 Saks Inc./(1)/ 2,742 13,710 Reinsurance Group of America Inc. 399 13,610 Inhale Therapeutic Systems Inc./(1)(2)/ 1,015 13,500 Talbots Inc. (The) 592 13,290 Retek Inc./(1)/ 1,071 13,034 Arch Coal Inc. 830 12,948 Riverstone Networks Inc./(1)/ 2,446 12,841 21st Century Insurance Group 724 12,742 Timberland Co. "A"/(1)/ 466 12,629 Northwest Airlines Corp. "A"/(1)/ 1,094 12,483 People's Bank 561 12,454 Williams Communications Group Inc./(1)/ 10,481 12,368 Homestore.com Inc./(1)(2)/ 1,611 12,324 NTL Inc./(1)(2)/ 3,861 11,969 Foundry Networks Inc./(1)/ 1,968 11,906 Primedia Inc./(1)/ 4,945 11,621 Priority Healthcare Corp. "B"/(1)/ 470 11,280 CNET Networks Inc./(1)/ 2,593 11,150 Sycamore Networks Inc./(1)/ 3,142 10,934 Finisar Corp./(1)(2)/ 2,700 10,692 Sonus Networks Inc./(1)/ 3,473 10,419 John Nuveen Co. "A" 233 10,283 Cirrus Logic Inc./(1)/ 1,382 10,254 TIBCO Software Inc./(1)/ 1,394 10,232 Consol Energy Inc. 470 10,072 Liberty Financial Companies Inc. 317 10,065 Ameritrade Holding Corp. "A"/(1)(2)/ 2,490 9,985 RealNetworks Inc./(1)/ 2,023 9,832 McLeodUSA Inc. "A"/(1)/ 12,470 9,602 Hollinger International Inc. 914 9,597 Emmis Communications Corp./(1)(2)/ 663 9,560 Micromuse Inc./(1)/ 1,675 9,514 Time Warner Telecom Inc. "A"/(1)(2)/ 1,306 9,469 Mediacom Communications Corp./(1)/ 717 9,343 Ariba Inc./(1)/ 5,021 9,339 ONI Systems Inc./(1)/ 2,294 9,245 Aquila Inc./(1)/ 406 8,851 Corvis Corp./(1)/ 5,775 8,778 Capstone Turbine Corp./(1)/ 1,452 8,770 Quest Software Inc./(1)(2)/ 742 8,592 Peabody Energy Corp./(2)/ 353 8,507 Wesco Financial Corp. 29 8,413 West Corp./(1)/ 415 8,217 Power-One Inc./(1)/ 1,334 8,204 Internet Security Systems Inc./(1)(2)/ 873 7,953 Quanta Services Inc./(1)/ 554 7,895 Global Industries Ltd./(1)/ 1,438 7,837 Interwoven Inc./(1)/ 2,005 7,739 Entravision Communications Corp./(1)/ 883 7,550 Oakley Inc./(1)/ 583 7,317 Instinet Group Inc./(1)/ 740 7,245 U.S. Airways Group Inc./(1)(2)/ 1,524 7,087 Weis Markets Inc. 252 7,006 Nextel Partners Inc. "A"/(1)/ 1,024 6,892 Hearst-Argyle Television Inc.(1) 384 6,720 Manugistics Group Inc./(1)/ 1,151 6,699 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 591 6,117 - -------------------------------------------------------------------------------- page 150 i|Shares iShares Russell 1000 Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ University of Phoenix Online/(1)(2)/ 195 $ 6,037 TD Waterhouse Group Inc./(1)/ 981 6,023 CMGI Inc./(1)(2)/ 5,895 5,895 Informatica Corp./(1)/ 1,489 5,882 Allegiance Telecom Inc./(1)/ 1,866 5,617 Columbia Sportswear Co./(1)/ 243 5,395 StorageNetworks Inc./(1)/ 1,337 5,295 Expedia Inc. "A"/(1)(2)/ 192 4,664 BroadVision Inc./(1)(2)/ 4,833 4,398 Redback Networks Inc./(1)/ 2,887 4,186 Hotel Reservations Network Inc. "A"/(1)(2)/ 171 3,889 McDATA Corporation "A"/(1)/ 425 3,566 Metromedia Fiber Network Inc. "A"/(1)/ 9,872 3,356 Transmeta Corp./(1)/ 2,144 3,023 Travelocity.com Inc./(1)(2)/ 222 2,953 Plug Power Inc./(1)(2)/ 287 2,761 Global Power Equipment Group Inc./(1)/ 166 2,523 Infonet Services Corp. "B" ADR/(1)/ 1,041 2,238 Valhi Inc. 159 2,115 Exodus Communications Inc./(1)/ 9,665 1,643 Inrange Technologies Corp./(1)(2)/ 206 1,224 Tellium Inc./(1)(2)/ 208 1,025 At Home Corp. "A"/(1)/ 4,973 746 - ------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $283,304,230) 219,262,456 - ------------------------------------------------------------------ Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ SHORT TERM INSTRUMENTS - 3.25% - ------------------------------------------------------------------ Dreyfus Money Market Fund/(3)/ $2,569,072 $ 2,569,072 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 1,292,064 1,292,064 Providian Temp Cash Money Market Fund/(3)/ 3,277,782 3,277,782 - ------------------------------------------------------------------ TOTAL SHORT TERM INSTRUMENTS (Cost: $7,138,918) 7,138,918 - ------------------------------------------------------------------ REPURCHASE AGREEMENT - 0.05% - ------------------------------------------------------------------ Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $116,560 and an effective yield of 2.90%. 116,532 116,532 - ------------------------------------------------------------------ TOTAL REPURCHASE AGREEMENT (Cost: $116,532) 116,532 - ------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES -- 103.15% (Cost $290,559,680) 226,517,906 - ------------------------------------------------------------------ Other Assets, Less Liabilities -- (3.15%) (6,915,767) - ------------------------------------------------------------------ NET ASSETS -- 100.00% $219,602,139 ================================================================== /(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedule of Investments page 151 iShares Russell 1000 Growth Index Fund Schedule of Investments September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS - 99.89% - ------------------------------------------------------------------ General Electric Co. 784,963 $ 29,200,624 Pfizer Inc. 498,766 20,000,517 Microsoft Corp./(1)/ 345,348 17,671,457 AOL Time Warner Inc./(1)/ 337,575 11,173,732 Intel Corp. 531,545 10,864,780 Wal-Mart Stores Inc. 219,348 10,857,726 Johnson & Johnson 185,592 10,281,797 American International Group Inc. 126,127 9,837,906 International Business Machines Corp. 94,545 8,726,503 Merck & Co. Inc. 111,957 7,456,336 Home Depot Inc. 184,644 7,084,790 Cisco Systems Inc./(1)/ 578,290 7,043,572 Coca-Cola Co. 138,518 6,489,568 American Home Products Corp. 104,098 6,063,708 Bristol-Myers Squibb Co. 108,195 6,011,314 Lilly (Eli) and Company 62,607 5,052,385 Amgen Inc./(1)/ 82,751 4,863,276 PepsiCo Inc. 94,424 4,579,564 Schering-Plough Corp. 115,618 4,289,428 Oracle Corp./(1)/ 331,726 4,173,113 Pharmacia Corporation 102,829 4,170,744 Medtronic Inc. 95,607 4,158,905 Abbott Laboratories 73,695 3,821,086 Philip Morris Companies Inc. 72,527 3,502,329 Texas Instruments Inc. 137,114 3,425,108 Dell Computer Corp./(1)/ 178,166 3,301,416 QUALCOMM Inc./(1)(2)/ 60,121 2,858,152 SBC Communications Inc. 59,009 2,780,504 Walgreen Co. 80,520 2,772,304 Freddie Mac 41,615 2,704,975 Cardinal Health Inc. 35,575 2,630,771 AT&T Wireless Services Inc./(1)/ 167,342 2,500,089 Baxter International Inc. 42,975 2,365,774 Automatic Data Processing Inc. 49,371 2,322,412 Sun Microsystems Inc./(1)/ 257,261 2,127,548 EMC Corp./(1)/ 174,585 2,051,374 Colgate-Palmolive Co. 33,261 1,937,453 Electronic Data Systems Corp. 33,598 1,934,573 Lowe's Companies Inc. 61,046 1,932,106 Fifth Third Bancorp 30,501 1,875,201 Applied Materials Inc./(1)/ 64,529 1,835,205 First Data Corp. 30,983 1,805,070 Citigroup Inc. 42,493 1,720,966 MBNA Corp. 56,575 1,713,657 Viacom Inc. "B"/(1)/ 47,338 1,633,161 Kroger Co./(1)/ 63,557 1,566,044 Safeway Inc./(1)/ 37,912 1,505,865 Procter & Gamble Co. 19,845 1,444,518 Sprint Corp. (PCS Group)/(1)(2)/ 51,273 1,347,967 UnitedHealth Group Inc. 19,553 1,300,275 Anheuser-Busch Companies Inc. 30,564 1,280,020 Gillette Co. 42,418 1,264,056 Target Corp. 39,458 1,252,792 Marsh & McLennan Companies Inc. 11,435 1,105,765 Kohls Corp./(1)/ 22,566 1,083,168 USA Education Inc./(2)/ 12,670 1,050,470 Boeing Co. 30,958 1,037,093 Minnesota Mining & Manufacturing Co. 10,297 1,013,225 Forest Laboratories Inc. "A"/(1)/ 13,995 1,009,599 Sysco Corp. 38,799 990,926 Schwab (Charles) Corp. 86,023 989,265 Concord EFS Inc./(1)(2)/ 19,855 971,902 Harley-Davidson Inc./(2)/ 23,995 971,797 Anadarko Petroleum Corp./(2)/ 19,793 951,647 Omnicom Group Inc. 14,650 950,785 Guidant Corp./(1)/ 24,021 924,808 Fannie Mae 11,506 921,170 CVS Corp. 27,258 904,966 Analog Devices Inc./(1)/ 27,140 887,478 Maxim Integrated Products Inc./(1)/ 24,358 851,069 Linear Technology Corp. 25,089 822,919 Qwest Communications International Inc. 47,918 800,231 Bank of New York Co. Inc. 22,733 795,655 Paychex Inc. 25,107 791,122 Halliburton Co. 34,024 767,241 Baker Hughes Inc. 26,502 767,233 Capital One Financial Corp. 16,634 765,663 Genentech Inc./(1)/ 17,361 763,884 United Parcel Service Inc. 14,265 741,495 TJX Companies Inc. 22,007 724,030 Enron Corp. 25,983 707,517 Genzyme Corp. - General Division/(1)/ 15,406 699,741 Allergan Inc. 10,428 691,376 VeriSign Inc./(1)(2)/ 16,013 670,945 Comcast Corp. "A"/(1)/ 18,433 661,192 Biogen Inc./(1)/ 11,724 651,620 Clear Channel Communications Inc./(1)/ 16,212 644,427 Household International Inc. 11,189 630,836 - -------------------------------------------------------------------------------- page 152 i|Shares iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Biomet Inc. 21,273 $ 622,235 Dynegy Inc. "A" 17,588 609,424 United Technologies Corp. 13,047 606,686 MedImmune Inc./(1)/ 16,870 601,078 Sara Lee Corp. 28,005 596,507 Best Buy Co. Inc./(1)/ 13,044 592,850 Xilinx Inc./(1)/ 24,986 587,921 King Pharmaceuticals Inc./(1)/ 13,916 583,776 Veritas Software Corp./(1)/ 31,658 583,774 IMS Health Inc. 23,257 582,588 Bed Bath & Beyond Inc./(1)/ 22,842 581,557 Gap Inc. (The) 48,063 574,353 Stryker Corp. 10,628 562,221 Calpine Corp./(1)(2)/ 24,073 549,105 General Motors Corp. "H"/(1)/ 40,713 542,704 Interpublic Group of Companies Inc. 26,599 542,620 AFLAC Inc. 20,004 540,108 State Street Corp. 11,505 523,478 SunGard Data Systems Inc./(1)/ 21,998 514,093 eBay Inc./(1)(2)/ 11,216 513,132 Fiserv Inc./(1)/ 14,754 504,587 Cendant Corp./(1)(2)/ 37,486 479,821 Altera Corp./(1)/ 28,767 471,203 Solectron Corp./(1)(2)/ 39,846 464,206 Immunex Corp./(1)(2)/ 24,746 462,255 KLA-Tencor Corp./(1)(2)/ 14,633 462,110 Watson Pharmaceuticals Inc./(1)/ 8,356 457,157 Lexmark International Group Inc. "A"/(1)/ 10,208 456,400 Electronic Arts Inc./(1)/ 9,932 453,594 Providian Financial Corp./(2)/ 22,440 452,166 Adobe Systems Inc. 18,854 452,119 Starbucks Corp./(1)(2)/ 30,195 451,113 IDEC Pharmaceuticals Corp./(1)(2)/ 8,777 435,076 AES Corp./(1)/ 33,839 433,816 Heinz (H.J.) Co. 10,258 432,375 St. Jude Medical Inc./(1)/ 6,264 428,771 Gilead Sciences Inc./(1)/ 7,515 422,118 Kimberly-Clark Corp. 6,689 414,718 Synovus Financial Corp. 15,004 414,110 Northern Trust Corp. 7,815 410,131 Applera Corp. - Applied Biosystems Group 16,665 406,626 Moody's Corp. 10,870 402,190 EchoStar Communications Corp./(1)/ 16,891 393,054 Micron Technology Inc./(1)/ 20,544 386,844 Siebel Systems Inc./(1)/ 29,641 385,629 El Paso Corp. 9,255 384,545 Mirant Corp./(1)/ 17,329 379,505 Convergys Corp./(1)/ 13,497 374,542 PeopleSoft Inc./(1)/ 20,608 371,768 Waters Corp./(1)/ 10,322 369,218 Cintas Corp. 9,121 367,576 Staples Inc./(1)/ 27,490 366,167 Nextel Communications Inc. "A"/(1)(2)/ 41,501 358,569 RadioShack Corp. 14,451 350,437 AmerisourceBergen Corp./(1)(2)/ 4,881 346,307 Express Scripts Inc. "A"/(1)/ 6,236 346,098 Ralston Purina Group 10,507 344,630 Sanmina Corp./(1)/ 25,307 343,669 Intuit Inc./(1)/ 9,477 339,277 Quest Diagnostics Inc./(1)/ 5,474 337,746 Ecolab Inc. 9,289 337,469 Cadence Design Systems Inc./(1)/ 19,616 326,606 Family Dollar Stores Inc. 11,744 323,195 McGraw-Hill Companies Inc. 5,541 322,486 Tellabs Inc./(1)/ 32,444 320,547 Human Genome Sciences Inc./(1)/ 10,067 311,171 Millennium Pharmaceuticals Inc./(1)/ 17,340 307,958 Novellus Systems Inc./(1)/ 10,738 306,677 Chiron Corp./(1)/ 6,894 305,887 Broadcom Corp. "A"/(1)/ 15,044 305,393 Caremark Rx Inc./(1)/ 18,271 304,760 Laboratory Corp. of America Holdings/(1)/ 3,759 303,915 Danaher Corp./(2)/ 6,428 303,273 Univision Communications Inc./(1)(2)/ 13,202 302,986 Andrx Group/(1)(2)/ 4,628 300,450 Citrix Systems Inc./(1)(2)/ 14,764 292,327 Apollo Group Inc. "A"/(1)(2)/ 6,842 287,569 Pepsi Bottling Group Inc. 6,238 287,385 Corning Inc. 32,191 283,925 Sabre Holdings Corp./(1)/ 10,575 282,776 Microchip Technology Inc./(1)/ 10,488 281,078 Comverse Technology Inc./(1)/ 13,528 277,053 IVAX Corporation/(1)(2)/ 12,463 276,305 BJ's Wholesale Club Inc./(1)/ 5,754 273,948 Invitrogen Corp./(1)(2) 4,163 273,759 Zimmer Holdings Inc./(1)/ 9,826 272,672 Imclone Systems Inc./(1)(2)/ 4,801 271,497 Teradyne Inc./(1)/ 13,873 270,524 - -------------------------------------------------------------------------------- iShares Schedule of Investments page 153 iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (unaudited) Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Ciena Corp./(1)/ 25,825 $ 265,739 Wrigley (William Jr.) Co. 5,155 264,452 HCA - The Healthcare Company 5,757 255,093 JDS Uniphase Corp./(1)/ 40,191 254,007 International Game Technology Inc./(1)/ 5,913 251,302 Tiffany & Co. 11,515 249,300 Equifax Inc. 11,359 248,762 Affiliated Computer Services Inc. "A"/(1)(2)/ 3,045 247,893 Block (H & R) Inc. 6,408 247,092 Dollar General Corp. 21,085 246,694 Cytyc Corp./(1)(2)/ 9,121 244,534 Robert Half International Inc./(1)/ 12,189 243,902 Agilent Technologies Inc./(1)/ 12,410 242,615 American Standard Companies Inc./(1)/ 4,388 241,340 Brocade Communications System Inc./(1)/ 16,974 238,145 AdvancePCS/(1)/ 3,293 236,372 Yahoo! Inc./(1)/ 26,677 235,024 American Express Co. 8,044 233,759 Burlington Resources Inc. 6,824 233,449 Kellogg Co. 7,718 231,540 Estee Lauder Companies Inc. "A" 6,956 230,591 BJ Services Co./(1)/ 12,939 230,185 BEA Systems Inc./(1)/ 23,926 229,450 Sealed Air Corp./(1)(2)/ 6,252 228,135 Bisys Group Inc./(1)(2)/ 4,301 228,039 Gallagher (Arthur J.) & Co. 6,642 224,832 Intersil Holding Corp./(1)/ 8,051 224,784 Avaya Inc./(1)/ 22,527 223,017 Oxford Health Plans Inc./(1)(2)/ 7,834 222,486 NVIDIA Corp./(1)(2)/ 8,058 221,353 Morgan Stanley Dean Witter & Co. 4,743 219,838 Campbell Soup Co. 7,776 217,728 Scientific-Atlanta Inc. 12,352 216,778 DST Systems Inc./(1)/ 4,993 215,947 Noble Drilling Corp./(1)/ 8,949 214,776 Nabors Industries Inc./(1)/ 10,093 211,650 Jabil Circuit Inc./(1)(2)/ 11,727 209,913 Telephone & Data Systems Inc. 2,219 209,252 ChoicePoint Inc./(1)/ 4,945 205,910 First Health Group Corp./(1)/ 6,953 204,279 Symantec Corp./(1)/ 5,803 201,190 Sepracor Inc./(1)(2)/ 5,552 199,317 Millipore Corp. 3,759 199,001 PerkinElmer Inc. 7,567 198,558 Lincare Holdings Inc./(1)/ 7,352 195,343 Synopsys Inc./(1)/ 4,803 192,648 Juniper Networks Inc./(1)/ 19,854 192,584 UST Inc. 5,791 192,261 Alcoa Inc. 6,160 191,022 Symbol Technologies Inc. 17,967 188,474 Federated Investors Inc. "B" 6,262 185,355 AmeriCredit Corp./(1)(2)/ 5,853 185,072 Newmont Mining Corp. 7,744 182,758 TMP Worldwide Inc./(1)(2)/ 6,405 181,838 Expeditors International Washington Inc. 3,766 178,320 Health Management Associates Inc. "A"/(1)/ 8,515 176,771 Motorola Inc. 11,303 176,327 Murphy Oil Corp. 2,427 175,618 SEI Investment Co. 5,478 175,296 ICOS Corp./(1)(2)/ 3,543 174,351 EOG Resources Inc. 5,995 173,435 RF Micro Devices Inc./(1)(2)/ 10,385 172,391 Varian Medical Systems Inc./(1)/ 2,657 170,447 Enzon Inc./(1)(2)/ 3,306 168,606 Peregrine Systems Inc./(1)/ 13,329 168,345 Lam Research Corp./(1)/ 9,862 167,161 Protein Design Labs Inc./(1)(2)/ 3,460 163,416 Jones Apparel Group Inc./(1)/ 6,375 162,499 DeVry Inc./(1)/ 4,498 161,478 Avery Dennison Corp. 3,403 160,996 Western Wireless Corp. "A"/(1)/ 4,765 160,962 Polycom Inc./(1)(2)/ 6,593 160,671 Advanced Micro Devices Inc./(1)/ 19,638 160,050 Cephalon Inc./(1)(2)/ 3,198 159,516 Integrated Device Technology Inc./(1)/ 7,859 158,123 Agere Systems Inc./(1)/ 38,276 158,080 Applied Micro Circuits Corp./(1)/ 22,574 157,792 Honeywell International Inc. 5,958 157,291 Celgene Corp./(1)/ 5,946 157,153 Network Appliance Inc./(1)/ 22,947 156,040 Weatherford International Inc./(1)/ 6,085 155,228 Global Marine Inc./(1)/ 11,057 154,798 L-3 Communications Holdings Inc./(1)(2)/ 1,765 154,349 BMC Software Inc./(1)/ 11,997 152,362 CSG Systems International Inc../(1)/ 3,705 151,905 AutoZone Inc./(1)/ 2,898 150,290 CH Robinson Worldwide Inc. 5,159 149,405 Beckman Coulter Inc. 3,324 147,087 - -------------------------------------------------------------------------------- page 154 i|Shares iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (unaudited) Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Waddell & Reed Financial Inc. "A" 5,645 $ 146,770 Investors Financial Services Corp. 2,516 145,022 Dollar Tree Stores Inc./(1)/ 7,688 144,150 Eaton Vance Corp. 4,587 143,802 Smith International Inc./(1)/ 3,941 143,452 Patterson Dental Co./(1)/ 3,876 142,869 Gentex Corp./(1)/ 5,906 141,094 Investment Technology Group Inc./(1)/ 2,520 139,835 QLogic Corp./(1)(2)/ 7,305 138,795 Abgenix Inc./(1)/ 6,093 138,311 Knight Ridder Inc. 2,475 138,229 Semtech Corp./(1)(2)/ 4,859 137,898 Rational Software Corp./(1)/ 15,923 137,893 Rite Aid Corp./(1)(2)/ 17,669 136,405 Costco Wholesale Corp./(1)/ 3,808 135,412 International Rectifier Corp./(1)(2)/ 4,941 134,543 Cooper Cameron Corp./(1)/ 4,079 133,791 Gemstar-TV Guide International Inc./(1)/ 6,774 133,516 PMC - Sierra Inc./(1)(2)/ 12,982 133,325 Eaton Corp. 2,240 132,630 Mylan Laboratories Inc. 4,016 131,002 Fastenal Co.(2) 2,291 130,541 Ocean Energy Inc. 7,989 130,221 Certegy Inc./(1)(2)/ 5,005 129,930 XTO Energy Inc. 9,258 129,149 Abercrombie & Fitch Co. "A"/(1)/ 7,278 128,020 Fairchild Semiconductor Corp. "A"/(1)/ 7,854 126,057 ResMed Inc./(1)(2)/ 2,471 125,527 ENSCO International Inc. 8,559 125,133 CDW Computer Centers Inc./(1)/ 3,432 124,170 Whole Foods Market Inc./(1)(2)/ 3,834 120,426 Hanover Compressor Co./(1)(2)/ 5,558 120,275 Barr Laboratories Inc./(1)(2)/ 1,503 118,827 LSI Logic Corp./(1)/ 9,932 116,701 Herman Miller Inc. 5,973 116,294 McKesson HBOC Inc. 3,065 115,826 Jack Henry & Associates Inc. 5,076 115,174 Compuware Corp./(1)/ 13,742 114,471 Amphenol Corp. "A"/(1)(2)/ 3,291 114,362 Apache Corp. 2,644 113,692 Dentsply International Inc. 2,446 112,369 Williams Companies Inc. 4,080 111,384 Lattice Semiconductor Corp./(1)/ 7,062 110,873 Tenet Healthcare Corp./(1)/ 1,853 110,531 Mercury Interactive Corp./(1)/ 5,742 109,328 Vitesse Semiconductor Corp./(1)(2)/ 14,029 108,725 Parametric Technology Corp./(1)/ 20,723 107,552 Wellpoint Health Networks Inc./(1)/ 983 107,294 Atmel Corp./(1)(2)/ 15,971 106,686 Citizen Communications Co./(1)(2)/ 11,349 106,681 National Semiconductor Corp./(1)/ 4,783 105,465 Vertex Pharmaceuticals Inc./(1)(2)/ 5,826 105,101 Triton PCS Holdings Inc. "A"/(1)(2)/ 2,761 104,918 Micrel Inc./(1)/ 5,244 104,565 Mettler Toledo International Inc./(1)/ 2,476 104,339 Georgia-Pacific (Timber Group) 2,856 103,444 Kinder Morgan Inc. 2,065 101,619 Universal Health Services Inc. "B"/(1)/ 2,018 98,478 Alkermes Inc./(1)/ 5,029 98,468 Maytag Corp. 3,994 98,412 SCI Systems Inc./(1)/ 5,431 97,758 Krispy Kreme Doughnuts Inc./(1)(2)/ 3,246 96,082 DaVita Inc./(1)/ 4,698 95,604 COR Therapeutics Inc./(1)(2)/ 4,148 93,869 National-Oilwell Inc./(1)/ 6,385 92,583 Homestake Mining Company 9,916 92,219 Neuberger Berman Inc. 2,643 92,188 Cabot Microelectronics Corp./(1)(2)/ 1,898 91,692 Community Health Systems Inc./(1)/ 3,081 91,629 Macrovision Corp./(1)/ 3,225 91,622 Shaw Group Inc./(1)(2)/ 3,235 91,130 Coach Inc./(1)/ 3,435 91,062 OSI Pharmaceuticals Inc./(1)(2)/ 2,754 89,505 BB&T Corp. 2,447 89,193 Pharmaceutical Product Development Inc./(1)/ 3,038 88,983 Advent Software Inc./(1)/ 2,362 88,929 ICN Pharmaceuticals Inc. 3,356 88,431 Molex Inc. 3,129 87,956 USA Networks Inc./(1)/ 4,886 87,850 Medicis Pharmaceutical Corp. "A"/(1)/ 1,753 87,615 Amazon.com Inc./(1)(2)/ 14,545 86,834 Medarex Inc./(1)/ 5,741 86,689 Mitchell Energy & Development Corp. "A" 1,718 86,106 Cerner Corp./(1)/ 1,737 85,981 Boston Scientific Corp./(1)/ 4,178 85,649 Cree Inc./(1)(2)/ 5,757 85,088 Cypress Semiconductor Corp./(1)(2)/ 5,687 84,509 WorldCom Inc.- MCI Group/(2)/ 5,497 83,719 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 155 iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (unaudited) Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- American Tower Corp./(1)(2)/ 6,001 $ 83,354 Williams-Sonoma Inc./(1)/ 3,482 82,906 Hershey Foods Corp. 1,267 82,824 Network Associates Inc./(1)(2)/ 6,365 82,045 Amkor Technology Inc./(1)(2)/ 7,703 81,036 CheckFree Corp./(1)/ 4,747 80,557 Catalina Marketing Corp./(1)/ 2,863 80,164 Newfield Exploration Co./(1)/ 2,744 80,125 Marriott International Inc. "A" 2,387 79,726 Allied Capital Corp. 3,468 78,897 Dow Jones & Co. Inc./(2)/ 1,731 78,639 Pitney Bowes Inc. 2,055 78,501 American Eagle Outfitters Inc./(1)/ 3,915 77,908 Iron Mountain Inc./(1)/ 1,858 77,014 Openwave Systems Inc./(1)/ 5,990 76,373 McCormick & Co. Inc. 1,664 76,211 Rowan Companies Inc./(1)/ 6,057 74,986 i2 Technologies Inc./(1)/ 1,761 74,858 Labranche & Co. Inc./(1)/ 3,359 74,570 Orthodontic Centers of America Inc./(1)(2)/ 3,015 74,320 SICOR Inc./(1)/ 3,926 74,162 Exult Inc./(1)/ 6,337 74,080 Total System Services Inc. 2,952 73,121 Axcelis Technologies Inc./(1)/ 7,667 72,453 Conexant Systems Inc./(1)/ 8,543 70,907 Freeport-McMoRan Copper & Gold Inc./(1)(2)/ 6,421 70,567 Mentor Graphics Corp./(1)/ 5,100 70,278 Apogent Technologies Inc./(1)/ 2,920 69,788 ADC Telecommunications Inc./(1)/ 19,938 69,584 Coca-Cola Enterprises Inc. 4,508 69,153 Diamond Offshore Drilling Inc./(2)/ 2,725 68,724 Hispanic Broadcasting Corp./(1)/ 4,171 67,153 Metris Companies Inc. 2,684 66,429 Patterson-UTI Energy Inc./(1)/ 5,296 65,459 Sybase Inc./(1)/ 6,851 63,714 Orion Power Holdings Inc./(1)/ 2,467 62,909 CuraGen Corp./(1)(2)/ 3,211 61,972 Pride International Inc./(1)/ 5,920 61,568 Emulex Corp./(1)(2)/ 6,448 61,320 KPMG Consulting Inc./(1)/ 5,639 60,958 Crown Castle International Corp./(1)/ 6,759 60,831 Quintiles Transnational Corp./(1)/ 4,160 60,736 National Instruments Corp./(1)/ 2,275 59,537 Cox Radio Inc. "A"/(1)/ 2,947 59,441 Tidewater Inc. 2,204 58,825 Newport News Shipbuilding Inc. 874 58,733 Allied Waste Industries Inc./(1)/ 4,534 57,808 E*trade Group Inc./(1)(2)/ 9,543 57,735 Myriad Genetics Inc./(1)/ 1,836 56,255 Intimate Brands Inc. 6,124 55,116 Extreme Networks Inc./(1)/ 7,939 54,858 NRG Energy Inc./(1)/ 3,362 54,498 SPX Corp./(1)(2)/ 646 53,553 Wind River Systems Inc./(1)/ 5,008 52,584 Pixar Inc./(1)/ 1,301 52,560 Varco International Inc./(1)(2)/ 4,208 50,833 SkyWest Inc. 3,032 50,695 Triad Hospitals Inc./(1)/ 1,422 50,339 Aviron/(1)/ 1,999 49,755 DoubleClick Inc./(1)(2)/ 8,637 49,231 Affymetrix Inc./(1)(2)/ 3,036 48,728 BlackRock Inc./(1)/ 1,096 48,465 Tekelec/(1)/ 3,655 48,136 Tootsie Roll Industries Inc. 1,253 47,940 Inhale Therapeutic Systems Inc./(1)(2)/ 3,516 46,763 Advanced Fibre Communications Inc./(1)/ 3,139 45,861 Black & Decker Corp. 1,467 45,770 Palm Inc./(1)/ 31,346 45,765 Solutia Inc. 3,679 45,620 Retek Inc./(1)/ 3,733 45,431 Timberland Co. "A"/(1)/ 1,612 43,685 Homestore.com Inc./(1)(2)/ 5,601 42,848 Talbots Inc. (The) 1,902 42,700 Storage Technology Corp./(1)/ 3,374 42,344 Foundry Networks Inc./(1)/ 6,825 41,291 Primedia Inc./(1)/ 17,173 40,357 Level 3 Communications Inc./(1)(2)/ 10,611 40,110 WebMD Corp./(1)/ 9,280 39,533 Priority Healthcare Corp. "B"/(1)/ 1,627 39,048 EarthLink Inc./(1)(2)/ 2,558 38,958 Finisar Corp./(1)(2)/ 9,371 37,109 3Com Corp./(1)/ 9,796 36,735 Brinker International Inc./(1)/ 1,543 36,446 Sonus Networks Inc./(1)/ 12,077 36,231 Dover Corp. 1,202 36,192 Vulcan Materials Co. 811 35,035 Consol Energy Inc. 1,626 34,845 Ameritrade Holding Corp. "A"/(1)(2)/ 8,653 34,699 - -------------------------------------------------------------------------------- page 156 i|Shares iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (unaudited) Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Pogo Producing Co. 1,476 $ 34,686 Kerr-McGee Corp. 665 34,520 Commerce Bancorp Inc. 504 34,272 RealNetworks Inc./(1)/ 7,034 34,185 RSA Security Inc./(1)/ 2,503 33,690 Rockwell Collins 2,370 33,654 Knight Trading Group Inc./(1)/ 4,362 33,631 Micromuse Inc./(1)/ 5,815 33,029 Time Warner Telecom Inc. "A"/(1)(2)/ 4,548 32,973 TIBCO Software Inc./(1)/ 4,242 31,136 Acterna Corp./(1)/ 9,785 31,116 Enterasys Networks Inc./(1)/ 4,816 31,063 Vignette Corp./(1)/ 8,754 30,989 Forest Oil Corp./(1)/ 1,233 30,578 Corvis Corp./(1)/ 20,067 30,502 SanDisk Corp./(1)/ 3,056 30,132 Callaway Golf Co. 2,348 30,054 Fox Entertainment Group Inc. "A"/(1)/ 1,573 30,044 Quest Software Inc./(1)(2)/ 2,585 29,934 Harris Corp. 909 28,924 Cirrus Logic Inc./(1)/ 3,875 28,752 West Corp./(1)/ 1,451 28,730 Riverstone Networks Inc./(1)/ 5,472 28,728 Tech Data Corp./(1)/ 752 28,501 Power-One Inc./(1)/ 4,620 28,413 NCR Corp./(1)/ 956 28,345 Darden Restaurants Inc. 1,068 28,035 Internet Security Systems Inc./(1)(2)/ 3,029 27,594 Interwoven Inc./(1)/ 6,965 26,885 Willamette Industries Inc. 593 26,679 Oakley Inc./(1)/ 2,034 25,527 Manugistics Group Inc./(1)(2)/ 4,008 23,327 Metro-Goldwyn-Mayer Inc./(1)/ 1,280 21,696 University of Phoenix Online/(1)(2)/ 690 21,362 Northwest Airlines Corp. "A"/(1)/ 1,834 20,926 ONI Systems Inc./(1)/ 5,134 20,690 TeleCorp PCS Inc./(1)/ 1,865 20,608 Informatica Corp./(1)/ 5,161 20,386 Stilwell Financial Inc. 1,027 20,027 Viad Corp. 1,031 19,775 International Speedway Corp. "A" 567 19,749 Harrah's Entertainment Inc./(1)/ 731 19,744 Omnicare Inc. 900 19,647 United States Cellular Corp./(1)(2)/ 387 19,157 Arch Coal Inc. 1,225 19,110 Autodesk Inc. 596 19,108 Columbia Sportswear Co./(1)/ 845 18,759 Outback Steakhouse Inc./(1)/ 719 18,414 StorageNetworks Inc./(1)/ 4,635 18,355 Barnes & Noble Inc./(1)(2)/ 496 17,906 Capstone Turbine Corp./(1)/ 2,897 17,498 CNET Networks Inc./(1)/ 4,050 17,415 Peabody Energy Corp./(2)/ 711 17,135 Sycamore Networks Inc./(1)/ 4,904 17,066 Jacobs Engineering Group Inc./(1)/ 271 16,910 Expedia Inc. "A"/(1)(2)/ 679 16,493 Allegiance Telecom Inc./(1)/ 5,166 15,550 BroadVision Inc./(1)(2)/ 16,799 15,287 Nike Inc. "B" 324 15,166 PanAmSat Corp./(1)/ 644 15,018 Ariba Inc./(1)/ 7,827 14,558 Redback Networks Inc./(1)/ 10,032 14,546 Galileo International Inc. 691 14,345 Henry Schein Inc./(1)/ 366 14,128 John Nuveen Co. "A" 317 13,999 Hotel Reservations Network Inc."A"/(1)(2)/ 599 13,621 Maxtor Corp./(1)/ 3,517 12,556 McDATA Corporation "A"/(1)/ 1,488 12,484 Quanta Services Inc./(1)/ 862 12,284 Readers Digest Association Inc. (The) "A" 648 11,917 Unisys Corp./(1)/ 1,356 11,743 Acxiom Corp./(1)/ 1,246 11,712 Blockbuster Inc./(2)/ 517 11,322 Trigon Healthcare Inc./(1)/ 170 11,135 Entravision Communications Corp./(1)/ 1,262 10,790 Cablevision Systems Corporation-Rainbow Media Group/(1)/ 520 10,530 Transmeta Corp./(1)/ 7,442 10,493 Packaging Corporation of America/(1)/ 672 10,382 Instinet Group Inc./(1)/ 1,057 10,348 Travelocity.com Inc./(1)(2)/ 764 10,161 Pall Corp. 510 9,920 Nextel Partners Inc. "A"/(1)/ 1,431 9,631 Plug Power Inc./(1)(2)/ 984 9,466 Aquila Inc./(1)/ 432 9,418 United Rentals Inc./(1)(2)/ 541 9,381 MGM Grand Inc./(1)(2)/ 405 9,104 Venator Group Inc./(1)/ 551 8,403 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 157 iShares Russell 1000 Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Catellus Development Corp./(1)/ 477 $ 8,338 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 776 8,032 Grant Prideco Inc./(1)/ 1,182 7,198 Louis Dreyfus Natural Gas Corp./(1)/ 164 6,380 AVX Corp./(2)/ 384 6,248 Ingram Micro Inc. "A"/(1)/ 461 5,947 Winn-Dixie Stores Inc. 517 5,920 U.S. Airways Group Inc./(1)(2)/ 1,260 5,859 Black Hills Corp. 190 5,799 Exodus Communications Inc./(1)/ 33,666 5,723 Constellation Brands Inc./(1)/ 136 5,666 TD Waterhouse Group Inc./(1)/ 912 5,600 Global Power Equipment Group Inc./(1)/ 333 5,062 Mediacom Communications Corp./(1)(2)/ 373 4,860 Big Lots Inc. 547 4,535 Gateway Inc./(1)/ 822 4,480 Harte-Hanks Inc. 191 4,133 Inrange Technologies Corp./(1)(2)/ 452 2,685 Tellium Inc./(1)(2)/ 459 2,263 At Home Corp. "A"/(1)/ 7,757 1,164 Valhi Inc. 60 798 - ------------------------------------------------------------------ TOTAL COMMON STOCKS (Cost: $461,452,074) 366,777,537 - ------------------------------------------------------------------ SHORT TERM INSTRUMENTS - 5.66% - ------------------------------------------------------------------ Dreyfus Money Market Fund/(3)/ $7,478,007 $ 7,478,007 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 3,760,917 3,760,917 Providian Temp Cash Money Market Fund/(3)/ 9,540,906 9,540,906 - ------------------------------------------------------------------ TOTAL SHORT TERM INSTRUMENTS (Cost: $20,779,830) 20,779,830 - ------------------------------------------------------------------ REPURCHASE AGREEMENT - 0.05% - ------------------------------------------------------------------ Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $181,082, and an effective yield of 2.90% 181,038 181,038 - ------------------------------------------------------------------ TOTAL REPURCHASE AGREEMENT (Cost: $181,038) 181,038 - ------------------------------------------------------------------ TOTAL INVESTMENTS IN SECURITIES -- 105.60% (Cost $482,412,942) 387,738,405 - ------------------------------------------------------------------ Other Assets, Less Liabilities -- (5.60%) (20,572,903) - ------------------------------------------------------------------ NET ASSETS -- 100.00% $367,165,502 ==================================================================
/(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- page 158 i|Shares iShares Russell 1000 Value Index Fund Schedule of Investments September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS - 99.81% - ------------------------------------------------------------------ Exxon Mobil Corp. 569,528 $ 22,439,403 Citigroup Inc. 386,111 15,637,496 Verizon Communications Inc. 223,666 12,102,567 SBC Communications Inc. 215,933 10,174,763 Bank of America Corp. 132,391 7,731,634 BellSouth Corp. 154,802 6,432,023 Wells Fargo & Company 141,345 6,282,785 Procter & Gamble Co. 86,217 6,275,735 Fannie Mae 72,123 5,774,167 AT&T Corp. 291,666 5,629,154 JP Morgan Chase & Co. 163,953 5,598,995 Philip Morris Companies Inc. 104,567 5,049,540 Merck & Co. Inc. 72,012 4,795,999 American International Group Inc. 58,414 4,556,292 Chevron Corp. 53,072 4,497,852 International Business Machines Corp. 44,627 4,119,072 Morgan Stanley Dean Witter & Co. 86,887 4,027,212 WorldCom Inc./(1)/ 244,083 3,671,008 U.S. Bancorp 162,248 3,598,661 Wachovia Corp. 114,443 3,547,733 FleetBoston Financial Corp. 89,570 3,291,697 Du Pont (E.I.) de Nemours 85,813 3,219,704 Walt Disney Co. (The) 172,775 3,217,070 Johnson & Johnson 57,289 3,173,811 Bank One Corp. 96,389 3,033,362 Texaco Inc. 45,578 2,962,570 American Express Co. 100,817 2,929,742 McDonald's Corp. 106,216 2,882,702 Merrill Lynch & Co. Inc. 69,321 2,814,433 Washington Mutual Inc. 72,603 2,793,763 Liberty Media Corp. "A"/(1)/ 213,643 2,713,266 Motorola Inc. 170,027 2,652,421 Abbott Laboratories 51,133 2,651,246 Bristol-Myers Squibb Co. 46,891 2,605,264 Ford Motor Company 149,568 2,595,005 Dow Chemical Co. 74,364 2,436,165 Duke Energy Corp. 63,989 2,421,984 PepsiCo Inc. 47,752 2,315,972 Kimberly-Clark Corp. 36,781 2,280,422 Allstate Corp. 59,376 2,217,694 Minnesota Mining & Manufacturing Co. 21,737 2,138,921 Comcast Corp. "A"/(1)(2)/ 58,796 2,109,013 Hewlett-Packard Co. 130,466 2,100,503 Viacom Inc. "B"/(1)/ 60,649 2,092,391 Alcoa Inc. 64,373 1,996,207 General Motors Corp. "A" 45,445 1,949,590 Anheuser-Busch Companies Inc. 41,597 1,742,082 Phillips Petroleum Co. 31,360 1,691,558 Emerson Electric Co. 35,381 1,665,030 HCA - The Healthcare Company 36,434 1,614,391 Lucent Technologies Inc./(2)/ 281,665 1,613,940 Honeywell International Inc. 60,788 1,604,803 Sprint Corp. (FON Group)/(2)/ 64,537 1,549,533 Alltel Corp. 25,910 1,501,484 Tenet Healthcare Corp./(1)/ 25,042 1,493,755 Household International Inc. 26,481 1,492,999 National City Corp. 49,820 1,492,109 General Dynamics Corp. 16,602 1,466,289 International Paper Co. 39,932 1,389,634 Waste Management Inc. 51,733 1,383,340 SunTrust Banks Inc. 20,534 1,367,564 PNC Financial Services Group 23,816 1,363,466 Coca-Cola Co. 29,064 1,361,648 Southern Co. 56,497 1,354,798 El Paso Corp. 32,460 1,348,713 Gannett Co. Inc. 21,828 1,312,081 Conoco Inc. "B" 51,616 1,307,949 Bank of New York Co. Inc. 37,083 1,297,905 Lockheed Martin Corp. 29,574 1,293,863 Goldman Sachs Group Inc. (The)/(2)/ 18,056 1,288,296 BB&T Corp. 35,137 1,280,744 Gillette Co. 42,909 1,278,688 Mellon Financial Corp. 39,442 1,275,160 Caterpillar Inc. 28,408 1,272,678 Dominion Resources Inc. 20,451 1,213,767 Costco Wholesale Corp./(1)/ 33,297 1,184,041 Exelon Corp. 26,487 1,181,320 United Technologies Corp. 25,298 1,176,357 Compaq Computer Corp. 140,351 1,166,317 American Electric Power Inc. 26,663 1,152,641 Hartford Financial Services Group Inc. 19,622 1,152,596 Boeing Co./(2)/ 34,325 1,149,887 Lehman Brothers Holdings Inc. 19,863 1,129,212 Lilly (Eli) and Company 13,849 1,117,614 Equity Office Properties Trust 34,159 1,093,088 Albertson's Inc. 33,517 1,068,522 General Mills Inc. 23,484 1,068,522 Target Corp./(2)/ 33,195 1,053,941 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 159 iShares Russell 1000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Illinois Tool Works Inc. 19,180 $ 1,037,830 Marsh & McLennan Companies Inc. 10,720 1,036,624 Qwest Communications International Inc. 61,392 1,025,246 Williams Companies Inc. 37,213 1,015,915 CIGNA Corp. 12,213 1,013,068 Chubb Corp. 14,155 1,010,809 Hancock (John) Financial Services Inc. 25,145 1,004,543 Raytheon Co. 28,720 998,020 ConAgra Foods Inc. 44,296 994,445 TXU Corporation 21,219 982,864 Computer Associates International Inc. 37,780 972,457 Union Pacific Corp. 20,474 960,231 Enron Corp. 34,781 947,087 Southwest Airlines Co. 63,036 935,454 Freddie Mac 14,071 914,615 Clear Channel Communications Inc./(1)(2)/ 23,004 914,409 FedEx Corp./(1)/ 24,629 905,116 Weyerhaeuser Co. 17,820 868,012 Burlington Northern Santa Fe Corp. 32,396 866,593 Avon Products Inc. 18,447 853,174 KeyCorp 35,154 848,618 Sara Lee Corp. 39,211 835,194 Sears, Roebuck and Co. 24,067 833,681 Comerica Inc. 14,673 812,884 AON Corp. 19,158 804,636 Xcel Energy Inc. 28,518 802,782 Becton Dickinson & Co. 21,315 788,655 Eastman Kodak Co. 23,972 779,809 Masco Corp. 38,040 777,538 FPL Group Inc. 14,496 776,261 Progress Energy Inc. 17,897 769,392 McKesson HBOC Inc. 20,338 768,573 Heinz (H.J.) Co. 18,087 762,367 Occidental Petroleum Corp. 30,877 751,546 Public Service Enterprise Group Inc. 17,154 729,903 Deere & Co. 19,355 727,942 SouthTrust Corp. 28,541 726,939 MetLife Inc./(2)/ 24,449 726,135 Lincoln National Corp. 15,508 723,138 Air Products & Chemicals Inc. 18,741 723,028 May Department Stores Co. 24,667 715,836 Consolidated Edison Inc./(2)/ 17,495 712,396 St. Paul Companies Inc. 17,226 710,056 Progressive Corporation 5,194 695,477 Pitney Bowes Inc. 18,105 691,611 USX-Marathon Group Inc. 25,567 683,917 Northrop Grumman Corp. 6,743 681,043 State Street Corp. 14,926 679,133 FirstEnergy Corp./(2)/ 18,465 663,817 Cox Communications Inc. "A"/(1)(2)/ 15,741 657,187 Unocal Corp. 20,081 652,633 Equity Residential Properties Trust 11,099 648,182 Colgate-Palmolive Co. 11,118 647,623 PPG Industries Inc. 13,871 634,598 Golden West Financial Corp. 10,587 615,105 MBIA Inc. 12,238 611,900 Archer-Daniels-Midland Co. 48,193 606,750 AFLAC Inc. 22,365 603,855 McGraw-Hill Companies Inc. 10,289 598,820 DTE Energy Co. 13,580 584,619 Reliant Energy Inc. 21,654 569,933 Entergy Corp. 15,881 564,728 Praxair Inc. 13,317 559,314 Jefferson-Pilot Corp. 12,544 557,957 Mattel Inc./(1)/ 35,620 557,809 CSX Corp. 17,566 553,329 AmSouth Bancorp 30,463 550,466 Delphi Automotive Systems Corp. 46,264 543,602 Regions Financial Corp. 18,756 541,298 Georgia-Pacific Corp. 18,766 540,273 Fifth Third Bancorp 8,748 537,827 Loews Corp. 11,407 527,916 Clorox Co. 14,234 526,658 Healthsouth Corp./(1)/ 32,359 526,157 Charter One Financial Inc. 18,539 523,165 Norfolk Southern Corp. 31,867 513,696 MGIC Investment Corp. 7,786 508,737 M&T Bank Corp. 6,873 508,602 New York Times Co. "A" 12,939 505,009 Marshall & Ilsley Corp. 8,863 502,443 Tribune Co. 15,597 489,746 Franklin Resources Inc. 14,107 489,090 PG&E Corp. 32,016 486,643 Union Planters Corp. 11,321 485,671 Agilent Technologies Inc./(1)/ 24,719 483,256 Tricon Global Restaurants Inc./(1)/ 12,137 476,013 Penney (J.C.) Company Inc. 21,698 475,186 Newell Rubbermaid Inc./(2)/ 20,907 474,798 - -------------------------------------------------------------------------------- page 160 i|Shares iShares Russell 1000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Johnson Controls Inc. 7,196 $ 469,467 Cincinnati Financial Corp. 11,206 466,394 Dover Corp. 15,488 466,344 R.J. Reynolds Tobacco Holdings Inc. 8,058 460,434 Wellpoint Health Networks Inc./(1)/ 4,212 459,740 Xerox Corp. 59,210 458,878 Genuine Parts Co. 14,229 453,336 Apple Computer Inc./(1)/ 29,022 450,131 UNUMProvident Corp. 17,715 447,304 Marriott International Inc. "A" 13,384 447,026 Kerr-McGee Corp. 8,562 444,453 Boston Scientific Corp./(1)/ 21,612 443,046 Ingersoll-Rand Co. 13,049 441,056 National Commerce Financial Corp. 16,860 440,046 Computer Sciences Corp./(1)/ 13,265 440,000 Ameren Corp./(2)/ 11,312 434,381 Micron Technology Inc./(1)/ 23,060 434,220 Countrywide Credit Industries Inc. 9,819 431,349 Northern Trust Corp. 8,098 424,983 Federated Department Stores Inc./(1)/ 14,991 422,746 Sempra Energy 17,052 422,037 Rohm & Haas Co. "A" 12,826 420,180 Fortune Brands Inc. 12,532 419,822 Hershey Foods Corp. 6,372 416,538 Ambac Financial Group Inc. 7,488 409,668 Zions Bancorp 7,616 408,675 Cendant Corp./(1)(2)/ 31,792 406,938 Cinergy Corp. 13,116 404,891 Torchmark Corp. 10,300 401,700 General Motors Corp. "H"/(1)/ 29,946 399,180 NiSource Inc. 17,044 397,296 North Fork Bancorp 13,339 396,702 PPL Corp. 12,040 392,504 Corning Inc. 44,432 391,890 CenturyTel Inc. 11,625 389,437 First Tennessee National Corp. 10,489 388,093 Wrigley (William Jr.) Co. 7,497 384,596 Sysco Corp. 15,026 383,764 UnitedHealth Group Inc. 5,727 380,846 KeySpan Corp. 11,410 379,268 Allegheny Energy Inc. 10,294 377,790 GPU Inc. 9,313 375,873 Ralston Purina Group 11,331 371,657 Amerada Hess Corp. 5,720 363,220 Starwood Hotels & Resorts Worldwide Inc. 16,385 360,470 Huntington Bancshares Inc. 20,702 358,352 Edison International 26,960 354,794 Kellogg Co. 11,795 353,850 Burlington Resources Inc. 10,257 350,892 Popular Inc. 11,235 350,532 Bear Stearns Companies Inc. 6,916 345,869 Willamette Industries Inc./(2)/ 7,640 343,724 Aetna Inc./(1)/ 11,772 340,093 Office Depot Inc./(1)/ 24,728 336,301 Stilwell Financial Inc. 17,108 333,606 Textron Inc. 9,905 332,907 Parker Hannifin Corp. 9,633 330,412 Devon Energy Corp. 9,587 329,793 Block (H & R) Inc. 8,518 328,454 Constellation Energy Group Inc. 13,500 326,700 JDS Uniphase Corp./(1)(2)/ 51,487 325,398 Apache Corp. 7,542 324,306 SAFECO Corp. 10,534 319,496 Leggett & Platt Inc. 16,205 315,997 TECO Energy Inc. 11,206 303,683 Cooper Industries Inc. 7,219 299,372 Vulcan Materials Co. 6,923 299,074 TCF Financial Corp. 6,447 296,949 Cablevision Systems Corp./(1)/ 7,236 296,242 Ultramar Diamond Shamrock Corp. 6,079 291,427 Broadwing Inc./(1)/ 18,020 289,762 ITT Industries Inc. 6,378 285,734 Kmart Corp./(1)/ 40,491 283,032 Simon Property Group Inc. 10,477 281,936 Toys R Us Inc./(1)/ 16,344 281,607 Campbell Soup Co. 9,967 279,076 Dime Bancorp Inc. 7,091 278,818 Pinnacle West Capital Corp. 6,985 277,305 Sigma-Aldrich Corp. 6,134 277,257 Compass Bancshares Inc. 10,567 275,059 Servicemaster Co. 24,716 274,100 Nike Inc. "B" 5,810 271,966 Thermo Electron Corp./(1)/ 14,978 270,353 Limited Inc. 28,294 268,793 Delta Air Lines Inc. 10,146 267,347 Utilicorp United Inc. 9,503 266,179 Archstone Communities Trust/(2)/ 10,007 261,183 PACCAR Inc. 5,255 257,863 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 161 iShares Russell 1000 Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Whirlpool Corp. 4,650 $ 257,378 Radian Group Inc. 6,677 257,065 Old Republic International Corp. 9,793 256,675 TRW Inc. 8,582 255,915 Nucor Corp. 6,411 254,517 Fluor Corp. 6,606 254,331 T Rowe Price Group Inc. 8,660 253,738 DPL Inc. 10,429 253,633 American Water Works Inc. 6,414 253,353 Banknorth Group Inc. 11,303 252,283 Duke-Weeks Realty Corp. 10,622 251,635 Engelhard Corp. 10,818 249,896 Public Storage Inc. 7,449 248,797 Apartment Investment & Management Co. "A" 5,463 247,255 Greenpoint Financial Corp. 7,040 247,104 UST Inc. 7,422 246,410 Harrah's Entertainment Inc./(1)/ 9,028 243,846 AMR Corp./(1)/ 12,730 243,652 Stanley Works (The) 6,629 242,290 Sherwin-Williams Co. 10,840 240,865 AvalonBay Communities Inc. 5,035 240,421 Grainger (W.W.) Inc. 6,173 239,821 Donnelley (R.R.) & Sons Co. 8,859 239,636 Manor Care Inc./(1)/ 8,500 238,850 Health Management Associates Inc. "A"/(1)/ 11,319 234,982 Molex Inc. 8,281 232,779 Kinder Morgan Inc. 4,712 231,878 Edwards (A.G.) Inc. 6,585 231,199 Eastman Chemical Co. 6,357 230,759 PMI Group Inc. (The) 3,668 228,847 Mercantile Bankshares Corp. 5,750 228,275 Republic Services Inc. "A"/(1)/ 13,994 226,703 Mead Corp. 8,173 226,229 Darden Restaurants Inc. 8,584 225,330 Sunoco Inc. 6,321 225,028 Diebold Inc. 5,903 224,904 Boston Properties Inc. 5,867 223,709 Kimco Realty Corp./(2)/ 4,592 222,942 Electronic Data Systems Corp. 3,844 221,338 Astoria Financial Corp. 3,730 221,040 Ashland Inc. 5,732 220,969 Northeast Utilities 11,706 219,253 SCANA Corp. 8,634 219,131 CMS Energy Corp. 10,932 218,640 Mirant Corp./(1)/ 9,962 218,168 Vornado Realty Trust 5,467 217,040 Prologis Trust 10,243 216,127 AmerisourceBergen Corp./(1)(2)/ 3,046 216,114 Hilton Hotels Corp. 27,420 215,247 Unisys Corp./(1)/ 24,809 214,846 Hibernia Corp. "A" 13,086 213,956 VF Corp. 7,300 213,671 LSI Logic Corp./(1)/ 18,047 212,052 Avery Dennison Corp. 4,470 211,476 Fidelity National Financial Inc. 7,832 210,602 SUPERVALU Inc. 10,400 210,392 United Parcel Service Inc. 4,032 209,583 Niagara Mohawk Holdings Inc./(1)/ 12,339 209,393 Goodyear Tire & Rubber Co. 11,352 209,217 National Semiconductor Corp./(1)/ 9,485 209,144 Legg Mason Inc. 5,255 208,939 AutoZone Inc./(1)/ 3,980 206,403 Cabot Corp. 5,169 206,243 Baxter International Inc. 3,736 205,667 Wisconsin Energy Corp. 9,125 205,313 Alliant Energy Corp./(2)/ 6,514 203,888 Bard (C.R.) Inc. 3,938 202,453 Coca-Cola Enterprises Inc. 13,194 202,396 Wendy's International Inc. 7,576 201,900 Hillenbrand Industries Inc. 3,710 200,229 Mylan Laboratories Inc. 6,138 200,222 Eaton Corp. 3,381 200,189 Knight Ridder Inc. 3,570 199,384 SPX Corp./(1)(2)/ 2,396 198,628 Allmerica Financial Corp. 4,354 195,277 Commerce Bancshares Inc. 5,174 194,646 NCR Corp./(1)/ 6,564 194,623 Energy East Corp. 9,648 194,021 Circuit City Stores Inc. 16,144 193,728 Brown-Forman Corp. "B" 3,065 193,647 Sovereign Bancorp Inc. 20,355 193,373 Ross Stores Inc. 6,593 192,845 Deluxe Corp. 5,578 192,664 Valley National Bancorp 6,451 191,917 Dana Corp./(2)/ 12,196 190,258 Newmont Mining Corp. 8,056 190,122 Pactiv Corp./(1)/ 13,106 189,906
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Heller Financial Inc. "A" 3,593 $ 189,603 Rockwell International Corp. 12,895 189,299 Smurfit-Stone Container Corp./(1)/ 14,180 187,601 AutoNation Inc./(1)/ 21,109 185,548 Sonoco Products Co. 7,871 184,969 Dun & Bradstreet Corp./(1)/ 6,602 184,856 Associated Bancorp 5,450 184,700 NSTAR 4,372 183,187 IBP Inc. 7,745 183,169 Westvaco Corp. 7,125 183,113 Temple-Inland Inc. 3,854 183,026 Golden State Bancorp Inc. 6,017 182,917 First Virginia Banks Inc. 3,980 182,284 Trigon Healthcare Inc./(1)/ 2,782 182,221 Vishay Intertechnology Inc./(1)/ 9,894 182,050 International Flavors & Fragrances Inc. 6,563 181,729 Potomac Electric Power Co. 8,262 181,434 McCormick & Co. Inc. 3,960 181,368 Telephone & Data Systems Inc. 1,911 180,207 Smithfield Foods Inc./(1)/ 8,532 179,599 Phelps Dodge Corp. 6,489 178,448 Avnet Inc. 9,688 176,225 iStar Financial Inc. 7,132 176,160 Conseco Inc./(1)(2)/ 24,192 175,634 Valero Energy Corp./(2)/ 5,003 175,605 ALLETE 6,838 175,326 Liberty Property Trust 6,006 172,312 Conectiv Inc. 7,313 171,855 Bowater Inc. 3,902 171,766 Pall Corp. 8,812 171,393 Gemstar-TV Guide International Inc./(1)/ 8,682 171,122 Arrow Electronics Inc./(1)(2)/ 8,162 170,259 Centex Corp./(2)/ 5,003 168,751 Humana Inc./(1)/ 13,931 168,008 Venator Group Inc./(1)/ 10,923 166,576 Health Care Property Investors Inc. 4,307 165,604 Manpower Inc. 6,259 164,799 Fox Entertainment Group Inc. "A"/(1)/ 8,624 164,718 Hasbro Inc./(2)/ 11,735 164,290 Bemis Co. 4,102 163,465 Liz Claiborne Inc. 4,334 163,392 Park Place Entertainment Corp./(1)/ 22,158 162,418 Black & Decker Corp. 5,129 160,025 Equitable Resources Inc. 5,293 158,843 Zimmer Holdings Inc./(1)/ 5,698 158,120 American Power Conversion Corp./(1)/ 13,480 157,446 Crescent Real Estate Equities Co. 7,337 157,379 Brinker International Inc./(1)/ 6,613 156,199 Martin Marietta Materials Inc. 3,982 155,736 Pacific Century Financial Corp. 6,657 155,574 Intuit Inc./(1)/ 4,344 155,515 Triad Hospitals Inc./(1)/ 4,387 155,300 Lennar Corp. 4,286 154,467 ADC Telecommunications Inc./(1)/ 44,252 154,439 Goodrich (B.F.) Co. 7,923 154,340 Scripps (E.W.) Company 2,518 153,371 Puget Energy Inc. 7,126 153,138 Ceridian Corp./(1)/ 10,560 153,120 Fulton Financial Corp. 6,809 152,181 FirstMerit Corp. 6,463 151,687 National Fuel Gas Co. 6,540 150,616 Protective Life Corp. 5,188 150,452 General Growth Properties Inc. 4,321 150,241 Washington Post Company (The) "B" 289 150,222 Rockwell Collins 10,419 147,950 UnionBanCal Corporation 4,355 147,373 Lamar Advertising Co./(1)/ 4,856 147,234 Unitrin Inc. 3,834 146,535 CarrAmerica Realty Corp./(2)/ 4,864 145,725 Transatlantic Holdings Inc. 1,725 145,694 Hormel Foods Corp. 6,152 145,310 Noble Affiliates Inc. 4,665 144,568 NICOR Inc. 3,730 144,538 BancWest Corporation 4,137 144,505 Health Net Inc./(1)/ 7,511 144,361 Service Corp. International/(1)(2)/ 23,906 143,914 Readers Digest Association Inc. (The) "A" 7,776 143,001 Harris Corp. 4,478 142,490 AMB Property Corp. 5,782 141,659 Valassis Communications Inc./(1)/ 4,420 141,042 OGE Energy Corp./(2)/ 6,424 140,493 Roslyn Bancorp Inc. 7,525 139,288 Navistar International Corp./(1)/ 4,896 138,312 Visteon Corp. 10,772 137,343 Valspar Corp. 4,082 136,502 City National Corp. 3,161 136,397 Apogent Technologies Inc./(1)/ 5,664 135,370 Newport News Shipbuilding Inc. 2,011 135,139
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Sky Financial Group Inc. 6,780 $ 134,922 Webster Financial Corp. 4,072 134,213 Catellus Development Corp./(1)/ 7,676 134,176 Lear Corp./(1)/ 4,948 133,695 MONY Group Inc. 4,032 133,540 Kansas City Power & Light Co./(2)/ 5,100 133,059 Host Marriott Corp./(2)/ 18,867 133,012 Lubrizol Corp. 4,200 132,720 Georgia-Pacific (Timber Group) 3,660 132,565 Wilmington Trust Corp. 2,381 131,431 MDU Resources Group Inc. 5,609 131,082 Tech Data Corp./(1)/ 3,414 129,391 Outback Steakhouse Inc./(1)/ 5,023 128,639 Omnicare Inc. 5,870 128,142 Synovus Financial Corp. 4,628 127,733 Old National Bancorp 4,889 127,114 Borders Group Inc./(1)/ 6,631 126,984 Westwood One Inc./(1)/ 5,707 126,981 Autoliv Inc. 8,063 126,912 CVS Corp. 3,809 126,459 Adelphia Communications Corp. "A"/(1)(2)/ 5,695 126,429 Questar Corp. 6,254 126,206 Tektronix Inc./(1)/ 7,202 125,963 Energizer Holdings Inc./(1)/ 7,561 125,664 Bausch & Lomb Inc. 4,420 125,086 Vectren Corporation 5,582 124,981 Nordstrom Inc. 8,640 124,848 Hospitality Properties Trust 5,154 124,108 New Plan Excel Realty Trust 7,190 122,949 Autodesk Inc. 3,820 122,469 Applera Corp. - Celera Genomics Group/(1)/ 5,065 122,066 Arden Realty Inc. 4,773 122,046 Commerce Bancorp Inc. 1,794 121,992 Barnes & Noble Inc./(1)(2)/ 3,349 120,899 Mohawk Industries Inc./(1)/ 3,283 120,650 Staples Inc./(1)/ 8,968 119,454 Washington Federal Inc. 4,768 119,438 Brunswick Corp. 7,231 119,095 Boise Cascade Corp. 4,014 118,413 Alberto-Culver Co. "B"/(2)/ 3,039 118,187 Pulte Corp./(2)/ 3,823 117,175 Hubbell Inc. "B" 3,989 116,319 KEMET Corp./(1)/ 7,060 116,208 Pioneer Natural Resources Co./(1)/ 8,118 115,519 Citizen Communications Co./(1)(2)/ 12,240 115,056 Rouse Co./(2)/ 4,760 115,049 Solectron Corp./(1)(2)/ 9,865 114,927 Cullen/Frost Bankers Inc. 4,253 114,618 Charter Communications Inc./(1)(2)/ 9,242 114,416 GATX Corporation 3,398 114,309 Markel Corp./(1)/ 575 112,125 Atmel Corp./(1)/ 16,748 111,877 Viad Corp. 5,824 111,704 Plum Creek Timber Co. Inc./(2)/ 4,166 111,274 Pentair Inc. 3,609 111,049 MGM Grand Inc./(1)(2)/ 4,929 110,804 IDACorp Inc. 3,084 110,284 Security Capital Group "B"/(1)/ 5,874 109,903 HCC Insurance Holdings Inc. 4,161 109,434 Compuware Corp./(1)/ 13,091 109,048 Quantum DLT & Storage Group/(1)/ 13,353 108,960 Helmerich & Payne Inc. 4,169 108,811 OM Group Inc. 1,973 108,515 Mack-Cali Realty Corp. 3,491 108,221 Constellation Brands Inc./(1)/ 2,596 108,149 Galileo International Inc. 5,189 107,724 HON Industries Inc. 4,877 107,099 American Tower Corp./(1)(2)/ 7,693 106,856 Snap-On Inc. 4,781 106,760 SCI Systems Inc./(1)/ 5,880 105,840 Homestake Mining Company 11,356 105,611 Monsanto Company 3,127 105,474 Teleflex Inc. 2,796 104,542 Reynolds & Reynolds Co. "A" 4,472 104,198 PepsiAmericas Inc. 6,919 103,439 Belo (A.H.) Corp. 6,442 103,330 USX-U.S. Steel Group Inc. 7,318 102,306 Meredith Corp. 3,177 102,077 Payless Shoesource Inc./(1)(2)/ 1,835 100,558 Lyondell Chemical Co. 8,762 100,325 Conexant Systems Inc./(1)/ 11,876 98,571 Clayton Homes Inc. 8,066 98,405 Openwave Systems Inc./(1)/ 7,678 97,895 D.R. Horton Inc. 4,682 97,667 Western Resources Inc. 5,810 96,156 Jacobs Engineering Group Inc./(1)(2)/ 1,529 95,410 Rite Aid Corp./(1)(2)/ 12,252 94,585 Henry Schein Inc./(1)/ 2,450 94,570
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Security Shares Value - ------------------------------------------------------------------ COMMON STOCKS (continued) - ------------------------------------------------------------------ Precision Castparts Corp. 4,248 $ 94,306 Ocean Energy Inc. 5,774 94,116 Crane Co. 4,286 93,949 FMC Corp./(1)/ 1,895 92,836 Cummins Engine Company Inc. 2,795 92,235 CNF Transportation Inc. 4,027 91,936 Leucadia National Corp. 2,946 91,915 Dow Jones & Co. Inc./(2)/ 2,023 91,905 Allied Capital Corp. 4,019 91,432 Tyson Foods Inc. "A"/(2)/ 9,072 90,901 Massey Energy Co. 6,087 89,175 Six Flags Inc./(1)/ 7,106 86,906 Reebok International Ltd./(1)/ 4,181 86,547 BMC Software Inc./(1)/ 6,748 85,700 Lafarge Corp. 2,549 85,137 Coors (Adolf) Company "B" 1,881 84,645 ICN Pharmaceuticals Inc. 3,210 84,583 Mercury General Corp. 2,122 84,243 Universal Health Services Inc. "B"/(1)/ 1,704 83,155 Allegheny Technologies Inc. 6,172 82,273 Trustmark Corp. 3,674 82,224 Hudson City Bancorp Inc. 3,439 82,192 UAL Corp. 4,453 81,312 Mandalay Resort Group Inc./(1)/ 5,006 81,247 Allied Waste Industries Inc./(1)/ 6,355 81,026 Polo Ralph Lauren Corp./(1)/ 4,313 80,869 USA Networks Inc./(1)/ 4,435 79,741 McClatchy Co. (The) "A" 1,884 79,128 Crown Castle International Corp./(1)(2)/ 8,663 77,967 American Financial Group Inc. 3,493 77,545 Steelcase Inc. 6,061 76,187 Gateway Inc./(1)/ 13,952 76,038 Alleghany Corp./(1)/ 378 75,222 Entercom Communications Corp./(1)/ 2,197 74,698 E*trade Group Inc./(1)(2)/ 12,231 73,998 Nationwide Financial Services Inc. 1,987 73,877 Hercules Inc./(1)(2)/ 8,934 73,705 Big Lots Inc. 8,786 72,836 Extended Stay America Inc./(1)/ 5,025 72,712 Louis Dreyfus Natural Gas Corp./(1)/ 1,864 72,510 Ingram Micro Inc. "A"/(1)/ 5,608 72,343 Neiman-Marcus Group Inc. "A"/(1)/ 2,924 71,492 Reliant Resources Inc./(1)/ 4,387 71,069 Winn-Dixie Stores Inc. 6,201 71,001 Ethan Allen Interiors Inc. 2,572 70,730 Great Lakes Chemical Corp. 3,200 70,720 Harte-Hanks Inc. 3,179 68,794 EOG Resources Inc. 2,375 68,709 3Com Corp./(1)/ 18,268 68,505 American National Insurance Co. 845 68,445 Enterasys Networks Inc./(1)/ 10,592 68,318 Quintiles Transnational Corp./(1)/ 4,670 68,182 Continental Airlines Inc. "B"/(1)(2)/ 4,509 67,635 Pogo Producing Co. 2,875 67,563 AK Steel Holding Corp. 7,863 66,442 Jones Apparel Group Inc./(1)/ 2,577 65,688 Advanced Micro Devices Inc./(1)/ 7,977 65,013 Interpublic Group of Companies Inc. 3,156 64,382 AVX Corp./(2)/ 3,954 64,332 Storage Technology Corp./(1)/ 5,050 63,378 Erie Indemnity Co. "A" 1,599 63,240 Moody's Corp. 1,697 62,789 Cablevision Systems Corporation - Rainbow Media Group/(1)(2)/ 3,075 62,269 Tidewater Inc. 2,321 61,947 Radio One Inc. "D"/(1)/ 5,358 61,831 Provident Financial Group Inc. 2,443 61,686 Weatherford International Inc./(1)/ 2,398 61,173 WorldCom Inc. - MCI Group/(2)/ 3,974 60,524 Black Hills Corp. 1,978 60,369 Network Associates Inc./(1)(2)/ 4,677 60,287 Neuberger Berman Inc. 1,714 59,784 St. Joe Company (The) 2,271 58,705 Solutia Inc. 4,716 58,478 International Speedway Corp. "A" 1,675 58,340 Insight Communications Co. Inc./(1)/ 3,157 58,089 Packaging Corporation of America/(1)/ 3,746 57,876 Acxiom Corp./(1)/ 6,137 57,688 Dentsply International Inc. 1,230 56,506 Hispanic Broadcasting Corp./(1)/ 3,493 56,237 Callaway Golf Co. 4,341 55,565 Danaher Corp./(2)/ 1,176 55,484 Cypress Semiconductor Corp./(1)(2)/ 3,672 54,566 CNA Financial Corp./(1)(2)/ 1,964 53,107 Maytag Corp. 2,111 52,015 Level 3 Communications Inc./(1)(2)/ 13,600 51,408 UTStarcom Inc./(1)/ 3,163 51,399 WebMD Corp./(1)/ 11,895 50,673
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Security Shares Value - -------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------- Advanced Fibre Communications Inc./(1)/ 3,454 $ 50,463 EarthLink Inc./(1)/ 3,279 49,939 Beckman Coulter Inc. 1,127 49,870 Saks Inc./(1)/ 9,957 49,785 Pride International Inc./(1)/ 4,763 49,535 Reinsurance Group of America Inc. 1,446 49,323 Dynegy Inc. "A" 1,383 47,921 Iron Mountain Inc./(1)/ 1,116 46,258 21st Century Insurance Group 2,627 46,235 United Rentals Inc./(1)/(2)/ 2,663 46,176 People's Bank 2,035 45,177 Williams Communications Group Inc./(1)/ 38,124 44,986 Grant Prideco Inc./(1)/ 7,223 43,988 Blockbuster Inc./(2)/ 2,008 43,975 NTL Inc./(1)(2)/ 14,017 43,453 United States Cellular Corp./(1)(2)/ 864 42,768 Diamond Offshore Drilling Inc./(2)/ 1,693 42,697 Estee Lauder Companies Inc. "A" 1,262 41,835 DaVita Inc./(1)/ 2,043 41,575 Maxtor Corp./(1)(2)/ 11,632 41,526 St. Jude Medical Inc./(1)/ 592 40,522 PanAmSat Corp./(1)/ 1,711 39,901 Vignette Corp./(1)/ 11,221 39,722 Agere Systems Inc./(1)/ 9,598 39,640 Noble Drilling Corp./(1)/ 1,534 36,816 KPMG Consulting Inc./(1)/ 3,385 36,592 Liberty Financial Companies Inc. 1,150 36,512 ENSCO International Inc. 2,434 35,585 Pepsi Bottling Group Inc. 764 35,197 Hollinger International Inc. 3,331 34,975 McLeodUSA Inc. "A"/(1)/ 45,338 34,910 Emmis Communications Corp./(1)(2)/ 2,416 34,839 Wesco Financial Corp. 117 33,942 Medicis Pharmaceutical Corp. "A"/(1)/ 677 33,836 Metro-Goldwyn-Mayer Inc./(1)/ 1,940 32,883 TeleCorp PCS Inc./(1)/ 2,885 31,879 Murphy Oil Corp. 426 30,825 Ecolab Inc. 844 30,663 Global Marine Inc./(1)/ 2,150 30,100 Mediacom Communications Corp./(1)(2)/ 2,209 28,783 Global Industries Ltd./(1)/ 5,216 28,427 Amkor Technology Inc./(1)/ 2,597 27,320 Arch Coal Inc. 1,745 27,222 Forest Oil Corp./(1)/ 1,033 25,618 Weis Markets Inc. 920 25,576 Hearst-Argyle Television Inc./(1)/ 1,384 24,220 RSA Security Inc./(1)/ 1,787 24,053 SanDisk Corp./(1)/ 2,428 23,940 Northwest Airlines Corp. "A"/(1)/ 2,041 23,288 John Nuveen Co. "A" 512 22,624 Sepracor Inc./(1)(2)/ 622 22,330 Aquila Inc./(1)/ 1,024 22,323 CNET Networks Inc./(1)/ 5,191 22,321 Varco International Inc./(1)(2)/ 1,813 21,901 Sycamore Networks Inc./(1)/ 6,286 21,875 CMGI Inc./(1)(2)/ 21,475 21,475 Palm Inc./(1)/ 14,120 20,615 Knight Trading Group Inc./(1)/ 2,653 20,455 U.S. Airways Group Inc./(1)(2)/ 4,213 19,590 American Standard Companies Inc./(1)/ 340 18,700 Ariba Inc./(1)/ 10,032 18,660 Rowan Companies Inc./(1)/ 1,465 18,137 Acterna Corp./(1)/ 5,625 17,887 Cephalon Inc./(1)/ 346 17,258 Tootsie Roll Industries Inc. 432 16,528 Riverstone Networks Inc./(1)/ 3,146 16,517 Entravision Communications Corp./(1)/ 1,889 16,151 TD Waterhouse Group Inc./(1)/ 2,613 16,044 Quanta Services Inc./(1)(2)/ 1,104 15,732 DST Systems Inc./(1)/ 362 15,656 Instinet Group Inc./(1)/ 1,588 15,547 SkyWest Inc. 914 15,282 Nextel Partners Inc. "A"/(1)/ 2,214 14,900 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 1,347 13,941 Sealed Air Corp./(1)(2)/ 372 13,574 Capstone Turbine Corp./(1)/ 2,245 13,560 Peabody Energy Corp./(2)/ 550 13,255 Metromedia Fiber Network Inc. "A"/(1)/ 35,931 12,217 ONI Systems Inc./(1)/ 2,951 11,893 Cerner Corp./(1)/ 238 11,781 Certegy Inc./(1)(2)/ 430 11,163 NRG Energy Inc./(1)/ 679 11,007 Sybase Inc./(1)/ 1,107 10,295 Newfield Exploration Co./(1)/ 311 9,081 Integrated Device Technology Inc./(1)/ 450 9,054 Vitesse Semiconductor Corp./(1)(2)/ 1,052 8,153 Infonet Services Corp. "B" ADR/(1)/ 3,778 8,123 Cirrus Logic Inc./(1)/ 974 7,227
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Shares or Security Principal Value - -------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------- Valhi Inc. 514 $ 6,836 Aviron/(1)/ 217 5,401 TIBCO Software Inc./(1)/ 639 4,690 Allegiance Telecom Inc./(1)/ 1,383 4,163 Global Power Equipment Group Inc./(1)/ 258 3,922 Talbots Inc. (The) 173 3,884 DoubleClick Inc./(1)/ 607 3,460 Inrange Technologies Corp./(1)(2)/ 260 1,544 At Home Corp. "A"/(1)/ 9,943 1,491 Tellium Inc./(1)(2)/ 264 1,302 - -------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $465,865,828) 412,275,445 - -------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 3.67% - -------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $5,455,224 5,455,224 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 2,743,598 2,743,598 Providian Temp Cash Money Market Fund/(3)/ 6,960,114 6,960,114 - -------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $15,158,936) 15,158,936 - -------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.05% - -------------------------------------------------------------------- Investors Bank &Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $200,744 and an effective yield of 2.90% 200,695 200,695 - -------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $200,695) 200,695 - -------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 103.53% (Cost $481,225,459) 427,635,076 - -------------------------------------------------------------------- Other Assets, Less Liabilities -- (3.53%) (14,573,105) - -------------------------------------------------------------------- NET ASSETS -- 100.00% $413,061,971 ====================================================================
/(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 167 iShares Russell Midcap Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS - 99.76% - ----------------------------------------------------------------- USA Education Inc./(2)/ 2,594 $ 215,069 Equity Office Properties Trust 6,681 213,792 Albertson's Inc. 6,555 208,973 Raytheon Co. 5,619 195,260 ConAgra Foods Inc. 8,690 195,090 Guidant Corp./(1)/ 4,919 189,382 McKesson HBOC Inc. 4,617 174,476 Avon Products Inc. 3,622 167,517 KeyCorp 6,875 165,963 Comerica Inc. 2,875 159,275 AON Corp. 3,761 157,962 Xcel Energy Inc. 5,579 157,049 Becton Dickinson & Co. 4,182 154,734 Masco Corp. 7,448 152,237 FPL Group Inc. 2,841 152,136 Pitney Bowes Inc. 3,975 151,845 Progress Energy Inc. 3,515 151,110 TJX Companies Inc. 4,508 148,313 Occidental Petroleum Corp. 6,040 147,014 Ralston Purina Group 4,375 143,500 Public Service Enterprise Group Inc. 3,370 143,394 Genzyme Corp. - General Division/(1)/ 3,152 143,164 Deere & Co. 3,799 142,880 SouthTrust Corp. 5,584 142,224 Air Products & Chemicals Inc. 3,680 141,974 Lincoln National Corp. 3,038 141,662 May Department Stores Co. 4,837 140,370 Consolidated Edison Inc./(2)/ 3,436 139,914 St. Paul Companies Inc. 3,384 139,488 VeriSign Inc./(1)(2)/ 3,286 137,683 Progressive Corporation 1,019 136,444 Northrop Grumman Corp. 1,327 134,027 USX-Marathon Group Inc. 4,993 133,563 Biogen Inc./(1)/ 2,401 133,448 FirstEnergy Corp. 3,626 130,355 Wrigley (William Jr.) Co. 2,526 129,584 Unocal Corp. 3,941 128,083 Biomet Inc. 4,359 127,501 Equity Residential Properties Trust 2,177 127,137 PPG Industries Inc. 2,719 124,394 Interpublic Group of Companies Inc. 6,071 123,848 MedImmune Inc./(1)/ 3,461 123,315 Best Buy Co. Inc./(1)/ 2,670 121,351 Golden West Financial Corp. 2,077 120,674 MBIA Inc. 2,400 120,000 King Pharmaceuticals Inc./(1)/ 2,848 119,474 IMS Health Inc. 4,763 119,313 Bed Bath & Beyond Inc./(1)/ 4,679 119,127 Archer-Daniels-Midland Co. 9,441 118,862 Kellogg Co. 3,897 116,910 Burlington Resources Inc. 3,415 116,827 Stryker Corp. 2,178 115,216 Block (H & R) Inc. 2,980 114,909 DTE Energy Co. 2,662 114,599 AmerisourceBergen Corp./(1)(2)/ 1,601 113,591 Wellpoint Health Networks Inc./(1)/ 1,028 112,206 Entergy Corp. 3,121 110,983 Synovus Financial Corp. 3,984 109,958 Praxair Inc. 2,610 109,620 Jefferson-Pilot Corp. 2,460 109,421 Mattel Inc./(1)/ 6,966 109,088 CSX Corp. 3,450 108,675 AmSouth Bancorp 5,959 107,679 Delphi Automotive Systems Corp. 9,054 106,384 Regions Financial Corp. 3,682 106,263 Georgia-Pacific Corp. 3,685 106,091 SunGard Data Systems Inc./(1)/ 4,507 105,329 Boston Scientific Corp./(1)/ 5,092 104,386 Marriott International Inc. "A" 3,120 104,208 Fiserv Inc./(1)/ 3,019 103,250 Clorox Co. 2,789 103,193 Healthsouth Corp./(1)/ 6,329 102,910 Charter One Financial Inc. 3,641 102,746 Norfolk Southern Corp. 6,233 100,476 M&T Bank Corp. 1,352 100,048 MGIC Investment Corp. 1,530 99,970 Intuit Inc./(1)/ 2,791 99,918 Dover Corp. 3,290 99,062 New York Times Co. "A" 2,537 99,019 Hershey Foods Corp. 1,513 98,905 Marshall & Ilsley Corp. 1,741 98,697 Staples Inc./(1)/ 7,398 98,541 Altera Corp./(1)/ 5,877 96,265 St. Jude Medical Inc./(1)/ 1,403 96,035 Franklin Resources Inc. 2,765 95,863 Union Planters Corp. 2,221 95,281 PG&E Corp. 6,262 95,182 KLA-Tencor Corp./(1)/ 3,004 94,866
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Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------- Immunex Corp./(1)/ 5,067 $ 94,652 Moody's Corp. 2,558 94,646 Kerr-McGee Corp. 1,817 94,320 Watson Pharmaceuticals Inc./(1)/ 1,714 93,773 Lexmark International Group Inc. "A"/(1)/ 2,092 93,533 Tricon Global Restaurants Inc./(1)/ 2,380 93,344 Penney (J.C.) Company Inc. 4,257 93,228 Newell Rubbermaid Inc./(2)/ 4,103 93,179 Electronic Arts Inc./(1)(2)/ 2,036 92,984 Adobe Systems Inc. 3,865 92,683 Johnson Controls Inc. 1,415 92,315 Starbucks Corp./(1)/ 6,168 92,150 Cincinnati Financial Corp. 2,198 91,481 R.J. Reynolds Tobacco Holdings Inc. 1,584 90,510 Xerox Corp. 11,592 89,838 IDEC Pharmaceuticals Corp./(1)(2)/ 1,800 89,226 Genuine Parts Co. 2,788 88,826 Apple Computer Inc./(1)/ 5,678 88,066 UNUMProvident Corp. 3,479 87,845 UST Inc. 2,640 87,648 Apache Corp. 2,022 86,946 Gilead Sciences Inc./(1)/ 1,543 86,670 Ingersoll-Rand Co. 2,558 86,460 National Commerce Financial Corp. 3,312 86,443 Computer Sciences Corp./(1)/ 2,600 86,242 Ameren Corp./(2)/ 2,219 85,210 Countrywide Credit Industries Inc. 1,927 84,653 Applera Corp. - Applied Biosystems Group 3,419 83,424 Sempra Energy 3,350 82,913 Federated Department Stores Inc./(1)/ 2,937 82,823 Rohm & Haas Co. "A" 2,515 82,391 Health Management Associates Inc. "A"/(1)/ 3,967 82,355 Fortune Brands Inc. 2,457 82,309 Ambac Financial Group Inc. 1,472 80,533 Zions Bancorp 1,497 80,329 Cinergy Corp. 2,572 79,398 Torchmark Corp. 2,021 78,819 NiSource Inc. 3,348 78,042 Telephone & Data Systems Inc. 826 77,892 North Fork Bancorp 2,615 77,770 PPL Corp. 2,361 76,969 Convergys Corp./(1)/ 2,763 76,673 CenturyTel Inc. 2,280 76,380 First Tennessee National Corp. 2,058 76,146 Waters Corp./(1)/ 2,115 75,654 Cintas Corp. 1,870 75,361 Ecolab Inc. 2,069 75,167 Newmont Mining Corp. 3,173 74,883 Avery Dennison Corp. 1,577 74,608 KeySpan Corp. 2,238 74,391 Allegheny Energy Inc. 2,020 74,134 GPU Inc. 1,829 73,818 Danaher Corp./(2)/ 1,551 73,176 Willamette Industries Inc./(2)/ 1,613 72,569 RadioShack Corp. 2,957 71,707 AutoZone Inc./(1)/ 1,378 71,463 Express Scripts Inc. "A"/(1)/ 1,282 71,151 Amerada Hess Corp. 1,117 70,929 Starwood Hotels & Resorts Worldwide Inc. 3,220 70,840 Sanmina Corp./(1)/ 5,191 70,494 Huntington Bancshares Inc. 4,062 70,313 Stilwell Financial Inc. 3,570 69,615 Quest Diagnostics Inc./(1)/ 1,126 69,474 Edison International 5,275 69,419 Popular Inc. 2,204 68,765 Bear Stearns Companies Inc. 1,360 68,014 Knight Ridder Inc. 1,212 67,690 Cadence Design Systems Inc./(1)/ 4,021 66,950 Eaton Corp. 1,127 66,730 Aetna Inc./(1)/ 2,309 66,707 Kinder Morgan Inc./(2)/ 1,351 66,483 Family Dollar Stores Inc. 2,405 66,186 Mylan Laboratories Inc. 2,028 66,153 Vulcan Materials Co. 1,528 66,010 Pepsi Bottling Group Inc. 1,431 65,926 Office Depot Inc./(1)/ 4,829 65,674 LSI Logic Corp./(1)/ 5,580 65,565 Textron Inc. 1,944 65,338 Parker Hannifin Corp. 1,891 64,861 Devon Energy Corp. 1,882 64,741 Constellation Energy Group Inc. 2,646 64,033 Human Genome Sciences Inc./(1)/ 2,063 63,767 Molex Inc. 2,265 63,669 Millennium Pharmaceuticals Inc./(1)/ 3,557 63,172 Novellus Systems Inc./(1)/ 2,200 62,832 Chiron Corp./(1)/ 1,416 62,828 SAFECO Corp. 2,067 62,692 Broadcom Corp. "A"/(1)/ 3,088 62,686
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Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------- National Semiconductor Corp./(1)/ 2,838 $ 62,578 Caremark Rx Inc./(1)/ 3,746 62,483 Leggett & Platt Inc. 3,184 62,088 Univision Communications Inc./(1)/ 2,703 62,034 Laboratory Corp. of America Holdings/(1)/ 766 61,931 Andrx Group/(1)/ 944 61,284 Citrix Systems Inc./(1)(2)/ 3,031 60,014 TECO Energy Inc. 2,198 59,566 Apollo Group Inc. "A"/(1)(2)/ 1,405 59,052 Cooper Industries Inc. 1,420 58,887 TCF Financial Corp. 1,269 58,450 Cablevision Systems Corp./(1)/ 1,423 58,258 Sabre Holdings Corp./(1)/ 2,167 57,946 Microchip Technology Inc./(1)/ 2,149 57,593 Ultramar Diamond Shamrock Corp. 1,197 57,384 Broadwing Inc./(1)/ 3,539 56,907 Comverse Technology Inc./(1)/ 2,769 56,709 IVAX Corporation/(1)(2)/ 2,552 56,578 BJ's Wholesale Club Inc./(1)/ 1,183 56,323 ITT Industries Inc. 1,255 56,224 Nike Inc. "B" 1,201 56,219 Invitrogen Corp./(1)(2)/ 849 55,830 Estee Lauder Companies Inc. "A" 1,675 55,526 Kmart Corp./(1)/ 7,927 55,410 Teradyne Inc.(1) 2,840 55,380 Imclone Systems Inc./(1)(2)/ 979 55,362 Toys R Us Inc./(1)/ 3,212 55,343 Simon Property Group Inc. 2,056 55,327 Dime Bancorp Inc. 1,395 54,851 Sigma-Aldrich Corp. 1,208 54,602 Pinnacle West Capital Corp. 1,374 54,548 Compass Bancshares Inc. 2,073 53,960 Coca-Cola Enterprises Inc. 3,516 53,935 Servicemaster Co. 4,846 53,742 Thermo Electron Corp./(1)/ 2,935 52,977 American Standard Companies Inc./(1)/ 961 52,855 Limited Inc. 5,535 52,583 Delta Air Lines Inc. 1,991 52,463 Utilicorp United Inc. 1,866 52,267 Harrah's Entertainment Inc./(1)/ 1,922 51,913 International Game Technology Inc./(1)/ 1,216 51,680 McCormick & Co. Inc. 1,122 51,388 Archstone Communities Trust/(2)/ 1,964 51,260 Noble Drilling Corp./(1)/ 2,135 51,240 Tiffany & Co. 2,358 51,051 Equifax Inc. 2,327 50,961 Radian Group Inc. 1,314 50,589 Affiliated Computer Services Inc. "A"/(1)(2)/ 621 50,556 Dollar General Corp. 4,320 50,544 Old Republic International Corp. 1,922 50,376 PACCAR Inc. 1,026 50,346 TRW Inc. 1,686 50,277 Whirlpool Corp. 908 50,258 Cytyc Corp./(1)/ 1,870 50,135 Nucor Corp. 1,262 50,101 Fluor Corp. 1,300 50,050 Darden Restaurants Inc. 1,904 49,980 Robert Half International Inc./(1)/ 2,496 49,945 American Water Works Inc. 1,262 49,849 T Rowe Price Group Inc. 1,701 49,839 DPL Inc. 2,046 49,759 SPX Corp./(1)/ 600 49,740 Sealed Air Corp./(1)(2)/ 1,358 49,553 Banknorth Group Inc. 2,217 49,483 Duke-Weeks Realty Corp. 2,084 49,370 EOG Resources Inc./(2)/ 1,696 49,065 Engelhard Corp. 2,123 49,041 Public Storage Inc. 1,465 48,931 Brocade Communications System Inc./(1)/ 3,482 48,852 Greenpoint Financial Corp. 1,385 48,614 Apartment Investment & Management Co. "A" 1,067 48,292 AdvancePCS/(1)/ 672 48,236 Yahoo! Inc./(1)/ 5,471 48,200 BMC Software Inc./(1)/ 3,785 48,069 AMR Corp./(1)/ 2,496 47,773 Stanley Works (The) 1,304 47,661 Georgia-Pacific (Timber Group) 1,307 47,340 Sherwin-Williams Co. 2,127 47,262 Grainger (W.W.) Inc. 1,215 47,203 BJ Services Co./(1)/ 2,649 47,126 DST Systems Inc./(1)/ 1,089 47,099 Donnelley (R.R.) & Sons Co. 1,740 47,067 AvalonBay Communities Inc. 983 46,938 Manor Care Inc./(1)/ 1,670 46,927 Rite Aid Corp./(1)(2)/ 6,026 46,521 Bisys Group Inc./(1)(2)/ 877 46,499 Jones Apparel Group Inc./(1)/ 1,813 46,213
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Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------- Gallagher (Arthur J.) & Co. 1,365 $ 46,205 Intersil Holding Corp./(1)/ 1,652 46,124 Avaya Inc./(1)/ 4,615 45,688 Oxford Health Plans Inc./(1)/ 1,608 45,667 Advanced Micro Devices Inc./(1)/ 5,593 45,583 Edwards (A.G.) Inc. 1,296 45,503 Eastman Chemical Co. 1,251 45,411 NVIDIA Corp./(1)(2)/ 1,652 45,380 Sepracor Inc./(1)(2)/ 1,264 45,378 Ocean Energy Inc. 2,767 45,102 Mercantile Bankshares Corp. 1,133 44,980 Compuware Corp./(1)/ 5,389 44,890 PMI Group Inc. (The) 716 44,671 Unisys Corp./(1)/ 5,151 44,608 ADC Telecommunications Inc./(1)/ 12,768 44,560 Republic Services Inc. "A"/(1)/ 2,743 44,437 Mead Corp. 1,605 44,426 Citizen Communications Co./(1)(2)/ 4,725 44,415 Scientific-Atlanta Inc. 2,529 44,384 Diebold Inc. 1,163 44,310 Sunoco Inc. 1,244 44,286 NCR Corp./(1)/ 1,487 44,090 Boston Properties Inc. 1,156 44,078 Weatherford International Inc./(1)/ 1,719 43,852 Atmel Corp./(1)/ 6,558 43,807 Kimco Realty Corp. 897 43,549 Ashland Inc. 1,129 43,523 Nabors Industries Inc./(1)/ 2,069 43,387 Astoria Financial Corp. 728 43,141 SCANA Corp. 1,696 43,044 Northeast Utilities 2,296 43,004 Jabil Circuit Inc./(1)(2)/ 2,402 42,996 CMS Energy Corp. 2,145 42,900 Vornado Realty Trust 1,078 42,797 Prologis Trust 2,011 42,432 Hilton Hotels Corp. 5,365 42,115 VF Corp. 1,436 42,032 ChoicePoint Inc./(1)/ 1,009 42,015 First Health Group Corp./(1)/ 1,428 41,955 Hibernia Corp. "A" 2,565 41,938 Murphy Oil Corp. 578 41,824 Symantec Corp./(1)/ 1,194 41,396 Fidelity National Financial Inc. 1,539 41,384 SUPERVALU Inc. 2,041 41,289 Legg Mason Inc. 1,036 41,191 Niagara Mohawk Holdings Inc./(1)/ 2,419 41,050 Goodyear Tire & Rubber Co. 2,227 41,044 Triad Hospitals Inc./(1)/ 1,157 40,958 Black & Decker Corp. 1,311 40,903 Apogent Technologies Inc./(1)/ 1,711 40,893 SCI Systems Inc./(1)/ 2,266 40,788 PerkinElmer Inc. 1,553 40,751 Cabot Corp. 1,019 40,658 Millipore Corp. 767 40,605 Wisconsin Energy Corp. 1,792 40,320 Alliant Energy Corp. 1,282 40,127 Lincare Holdings Inc./(1)/ 1,510 40,121 Agere Systems Inc./(1)/ 9,710 40,102 Beckman Coulter Inc. 898 39,736 Wendy's International Inc. 1,489 39,682 Synopsys Inc./(1)/ 989 39,669 Homestake Mining Company 4,260 39,618 Bard (C.R.) Inc. 768 39,483 Hillenbrand Industries Inc. 724 39,074 Symbol Technologies Inc. 3,684 38,645 Newport News Shipbuilding Inc. 574 38,573 Commerce Bancshares Inc. 1,020 38,372 Brinker International Inc./(1)/ 1,616 38,170 Allmerica Financial Corp. 850 38,122 Federated Investors Inc. "B" 1,287 38,095 Energy East Corp. 1,894 38,088 AmeriCredit Corp./(1)(2)/ 1,204 38,070 Circuit City Stores Inc. 3,172 38,064 American Tower Corp./(1)(2)/ 2,736 38,003 Deluxe Corp. 1,099 37,959 Sovereign Bancorp Inc. 3,995 37,953 Ross Stores Inc. 1,297 37,937 Trigon Healthcare Inc./(1)/ 578 37,859 Brown-Forman Corp. "B" 598 37,782 Valley National Bancorp 1,269 37,753 Global Marine Inc./(1)/ 2,685 37,590 TMP Worldwide Inc./(1)(2)/ 1,316 37,361 Dana Corp./(2)/ 2,392 37,315 Pactiv Corp./(1)/ 2,569 37,225 Rockwell International Corp. 2,528 37,111 Heller Financial Inc. "A" 700 36,939 Smurfit-Stone Container Corp./(1)/ 2,779 36,766 AutoNation Inc./(1)/ 4,142 36,408
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 171 iShares Russell Midcap Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------- Associated Bancorp 1,074 $ 36,398 Dun & Bradstreet Corp./(1)/ 1,299 36,372 Expeditors International Washington Inc. 768 36,365 Sonoco Products Co. 1,547 36,355 Universal Health Services Inc. "B"/(1)/ 744 36,307 SEI Investment Co. 1,127 36,064 Golden State Bancorp Inc. 1,185 36,024 Westvaco Corp. 1,401 36,006 IBP Inc. 1,522 35,995 Cephalon Inc./(1)/ 720 35,914 Rockwell Collins 2,528 35,898 International Flavors & Fragrances Inc. 1,292 35,775 Temple-Inland Inc. 753 35,760 NSTAR 853 35,741 Vishay Intertechnology Inc./(1)/ 1,942 35,733 Pall Corp. 1,835 35,691 Potomac Electric Power Co. 1,623 35,641 First Virginia Banks Inc. 778 35,632 ICOS Corp./(1)(2)/ 723 35,579 RF Micro Devices Inc./(1)(2)/ 2,128 35,325 Smithfield Foods Inc./(1)/ 1,676 35,280 Phelps Dodge Corp. 1,277 35,118 Openwave Systems Inc./(1)/ 2,731 34,820 ICN Pharmaceuticals Inc. 1,321 34,808 Varian Medical Systems Inc./(1)/ 542 34,769 iStar Financial Inc. 1,403 34,654 Valero Energy Corp. 987 34,644 Avnet Inc. 1,902 34,597 ALLETE 1,345 34,486 Peregrine Systems Inc./(1)/ 2,729 34,467 Venator Group Inc./(1)/ 2,255 34,389 Enzon Inc./(1)/ 674 34,374 Conseco Inc./(1)(2)/ 4,724 34,296 Lam Research Corp./(1)/ 2,022 34,273 Integrated Device Technology Inc./(1)/ 1,701 34,224 Allied Capital Corp. 1,502 34,170 Harris Corp. 1,070 34,047 Dow Jones & Co. Inc./(2)/ 748 33,982 Dentsply International Inc. 739 33,950 Liberty Property Trust 1,183 33,940 Conexant Systems Inc./(1)/ 4,081 33,872 Conectiv Inc. 1,438 33,793 USA Networks Inc./(1)/ 1,873 33,677 Bowater Inc. 763 33,587 Arrow Electronics Inc./(1)(2)/ 1,604 33,459 Protein Design Labs Inc./(1)(2)/ 706 33,344 Centex Corp./(2)/ 987 33,292 DeVry Inc./(1)/ 927 33,279 Polycom Inc./(1)(2)/ 1,355 33,021 Humana Inc./(1)/ 2,730 32,924 Western Wireless Corp. "A"/(1)/ 972 32,834 ENSCO International Inc. 2,231 32,617 Manpower Inc. 1,232 32,439 Health Care Property Investors Inc. 841 32,336 Applied Micro Circuits Corp./(1)/ 4,625 32,329 Celgene Corp./(1)/ 1,223 32,324 Hasbro Inc. 2,302 32,228 Network Appliance Inc./(1)/ 4,700 31,960 Bemis Co. 801 31,920 Liz Claiborne Inc. 846 31,894 Park Place Entertainment Corp./(1)/ 4,347 31,864 L-3 Communications Holdings Inc./(1)(2)/ 360 31,482 Tech Data Corp./(1)/ 820 31,078 Equitable Resources Inc. 1,034 31,030 CSG Systems International Inc./(1)/ 756 30,996 Crescent Real Estate Equities Co. 1,443 30,952 American Power Conversion Corp./(1)/ 2,642 30,859 Commerce Bancorp Inc. 453 30,804 CH Robinson Worldwide Inc. 1,062 30,756 Pacific Century Financial Corp. 1,310 30,615 Readers Digest Association Inc. (The) "A" 1,661 30,546 Neuberger Berman Inc. 874 30,485 Maytag Corp. 1,237 30,480 Martin Marietta Materials Inc. 777 30,388 Goodrich (B.F.) Co. 1,557 30,330 Waddell & Reed Financial Inc. "A" 1,161 30,186 Lennar Corp. 837 30,165 Puget Energy Inc. 1,402 30,129 Ceridian Corp./(1)/ 2,072 30,044 Scripps (E.W.) Company 492 29,968 Fulton Financial Corp. 1,339 29,927 FirstMerit Corp. 1,272 29,854 Protective Life Corp. 1,023 29,667 National Fuel Gas Co. 1,288 29,663 Eaton Vance Corp. 945 29,626 Dollar Tree Stores Inc./(1)/ 1,578 29,587 Investors Financial Services Corp. 513 29,569 General Growth Properties Inc. 844 29,346
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Security Shares Value - ----------------------------------------------------------------- COMMON STOCKS (continued) - ----------------------------------------------------------------- Smith International Inc./(1)/ 804 $ 29,266 Omnicare Inc. 1,339 29,230 Patterson Dental Co./(1)/ 791 29,156 Outback Steakhouse Inc./(1)/ 1,137 29,119 Washington Post Company (The) "B" 56 29,109 Lamar Advertising Co./(1)/ 958 29,047 WorldCom Inc. - MCI Group)/(2)/ 1,907 29,044 Gentex Corp./(1)/ 1,215 29,026 Certegy Inc./(1))/ 1,115 28,945 UnionBanCal Corporation 850 28,764 Network Associates Inc./(1))/ 2,221 28,629 Unitrin Inc. 749 28,627 Hormel Foods Corp. 1,211 28,604 Investment Technology Group Inc./(1)/ 514 28,522 QLogic Corp./(1))/ 1,500 28,500 CarrAmerica Realty Corp. 950 28,462 Abgenix Inc./(1)/ 1,253 28,443 Semtech Corp./(1)/ 1,001 28,408 Health Net Inc./(1)/ 1,477 28,388 Transatlantic Holdings Inc. 336 28,379 Rational Software Corp./(1)/ 3,268 28,301 Noble Affiliates Inc. 911 28,232 BancWest Corporation 808 28,223 Service Corp. International/(1)/ 4,688 28,222 NICOR Inc. 728 28,210 Autodesk Inc. 877 28,117 Catellus Development Corp./(1)/ 1,606 28,073 Cypress Semiconductor Corp./(1)/ 1,887 28,041 AMB Property Corp. 1,139 27,905 DaVita Inc./(1)/ 1,367 27,818 Crown Castle International Corp./(1)/ 3,090 27,810 Allied Waste Industries Inc./(1)/ 2,176 27,744 International Rectifier Corp./(1)(2)/ 1,017 27,693 OGE Energy Corp. 1,264 27,644 Valassis Communications Inc./(1)/ 863 27,538 Roslyn Bancorp Inc. 1,479 27,376 PMC-Sierra Inc./(1)(2)/ 2,658 27,298 Cooper Cameron Corp./(1)/ 832 27,290 Navistar International Corp./(1)/ 966 27,290 Barnes & Noble Inc./(1)(2)/ 755 27,255 Visteon Corp. 2,113 26,941 Valspar Corp. 798 26,685 City National Corp. 617 26,624 Fastenal Co./(2)/ 467 26,610 Sky Financial Group Inc. 1,334 26,547 XTO Energy Inc. 1,898 26,477 Lear Corp./(1)/ 976 26,372 E*trade Group Inc./(1)/ 4,355 26,348 Abercrombie & Fitch Co. "A"/(1)/ 1,494 26,279 Kansas City Power & Light Co./(2)/ 1,006 26,247 Webster Financial Corp. 795 26,203 Host Marriott Corp. 3,704 26,113 MONY Group Inc. 787 26,065 Viad Corp. 1,357 26,027 Lubrizol Corp. 820 25,912 Fairchild Semiconductor Corp. "A"/(1)/ 1,612 25,873 Quintiles Transnational Corp./(1)/ 1,770 25,842 MDU Resources Group Inc. 1,105 25,824 Wilmington Trust Corp. 465 25,668 ResMed Inc./(1)(2)/ 504 25,603 CDW Computer Centers Inc./(1)/ 700 25,326 Westwood One Inc./(1)/ 1,124 25,009 Borders Group Inc./(1)/ 1,305 24,991 Autoliv Inc. 1,584 24,932 Adelphia Communications Corp. "A"/(1)(2)/ 1,122 24,908 Hispanic Broadcasting Corp./(1)/ 1,543 24,842 Questar Corp. 1,231 24,842 Old National Bancorp 955 24,830 Tektronix Inc./(1)/ 1,416 24,766 Iron Mountain Inc./(1)/ 597 24,746 Hanover Compressor Co./(1)(2)/ 1,143 24,735 Energizer Holdings Inc./(1)/ 1,487 24,714 Vectren Corporation 1,100 24,629 Whole Foods Market Inc./(1)(2)/ 782 24,563 Nordstrom Inc. 1,697 24,522 Medicis Pharmaceutical Corp. "A"/(1)/ 490 24,490 Hospitality Properties Trust 1,016 24,465 Bausch & Lomb Inc. 863 24,423 Barr Laboratories Inc./(1)(2)/ 307 24,271 New Plan Excel Realty Trust 1,414 24,179 Galileo International Inc. 1,164 24,165 Tidewater Inc. 903 24,101 Applera Corp. - Celera Genomics Group/(1)/ 999 24,076 Herman Miller Inc. 1,228 23,909 Vitesse Semiconductor Corp./(1)(2)/ 3,077 23,847 Arden Realty Inc. 932 23,831 MGM Grand Inc./(1)(2)/ 1,055 23,716 Jack Henry & Associates Inc. 1,045 23,711
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 173 iShares Russell Midcap Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Mohawk Industries Inc./(1)/ 641 $ 23,557 Brunswick Corp. 1,423 23,437 Amphenol Corp. "A"/(1)/ 672 23,352 Washington Federal Inc. 931 23,322 Boise Cascade Corp. 784 23,128 Alberto-Culver Co. "B" 594 23,101 Pulte Corp. 746 22,865 KEMET Corp./(1)/ 1,389 22,863 Lattice Semiconductor Corp./(1)/ 1,451 22,781 Hubbell Inc. "B" 779 22,716 Pioneer Natural Resources Co./(1)/ 1,595 22,697 Rouse Co. 939 22,696 Diamond Offshore Drilling Inc./(2)/ 896 22,597 Mercury Interactive Corp./(1)/ 1,181 22,486 Charter Communications Inc./(1)(2)/ 1,815 22,470 Cullen/Frost Bankers Inc. 830 22,368 Pride International Inc./(1)(2)/ 2,148 22,339 GATX Corporation 664 22,337 Constellation Brands Inc./(1)/ 535 22,288 Jacobs Engineering Group Inc./(1)/ 354 22,090 Parametric Technology Corp./(1)/ 4,247 22,042 Amkor Technology Inc./(1)/ 2,088 21,966 Markel Corp./(1)/ 112 21,840 Plum Creek Timber Co. Inc./(2)/ 814 21,742 Pentair Inc. 705 21,693 Security Capital Group "B"/(1)/ 1,157 21,647 Vertex Pharmaceuticals Inc./(1)(2)/ 1,199 21,630 Micrel Inc./(1)/ 1,080 21,535 IDACorp Inc. 602 21,528 Triton PCS Holdings Inc. "A"/(1)/ 563 21,394 HCC Insurance Holdings Inc. 812 21,356 Quantum DLT & Storage Group/(1)/ 2,617 21,355 Henry Schein Inc./(1)/ 553 21,346 Helmerich & Payne Inc. 814 21,245 Mettler Toledo International Inc./(1)/ 504 21,239 OM Group Inc. 386 21,230 Mack-Cali Realty Corp. 682 21,142 Storage Technology Corp./(1)/ 1,684 21,134 HON Industries Inc. 962 21,126 3Com Corp./(1)/ 5,595 20,981 Snap-On Inc. 934 20,856 Solutia Inc. 1,681 20,844 Monsanto Company 611 20,609 Teleflex Inc. 546 20,415 PepsiAmericas Inc. 1,361 20,347 Reynolds & Reynolds Co. "A" 873 20,341 Belo (A.H.) Corp. 1,268 20,339 Pogo Producing Co. 863 20,281 USX-U.S. Steel Group Inc. 1,439 20,117 Alkermes Inc./(1)/ 1,026 20,089 Meredith Corp. 620 19,921 Cerner Corp./(1)/ 401 19,849 Enterasys Networks Inc./(1)/ 3,061 19,743 Lyondell Chemical Co. 1,721 19,705 KPMG Consulting Inc./(1)/ 1,821 19,685 Payless Shoesource Inc./(1)/ 359 19,673 Krispy Kreme Doughnuts Inc./(1)(2)/ 662 19,595 Advanced Fibre Communications Inc./(1)/ 1,325 19,358 Clayton Homes Inc. 1,585 19,337 D.R. Horton Inc. 924 19,275 COR Therapeutics Inc./(1)(2)/ 846 19,145 National-Oilwell Inc./(1)/ 1,312 19,024 Rowan Companies Inc./(1)/ 1,531 18,954 Western Resources Inc. 1,145 18,950 Cabot Microelectronics Corp./(1)(2)/ 387 18,696 Macrovision Corp./(1)/ 658 18,694 Community Health Systems Inc./(1)/ 628 18,677 Shaw Group Inc./(1)/ 660 18,592 Coach Inc./(1)/ 700 18,557 Precision Castparts Corp. 829 18,404 Crane Co. 837 18,347 Level 3 Communications Inc./(1)(2)/ 4,840 18,295 OSI Pharmaceuticals Inc./(1)(2)/ 562 18,265 FMC Corp./(1)/ 371 18,175 Pharmaceutical Product Development Inc./(1)/ 620 18,160 Advent Software Inc./(1)/ 482 18,147 Newfield Exploration Co./(1)/ 621 18,133 WebMD Corp./(1)/ 4,236 18,045 Cummins Engine Company Inc. 546 18,018 CNF Transportation Inc. 786 17,944 Leucadia National Corp. 575 17,940 Tyson Foods Inc. "A"/(2)/ 1,782 17,856 EarthLink Inc./(1)/ 1,172 17,850 Medarex Inc./(1)/ 1,181 17,833 Amazon.com Inc./(1)(2)/ 2,977 17,773 Mitchell Energy & Development Corp. "A" 350 17,542 Cree Inc./(1)(2)/ 1,185 17,514 Massey Energy Co. 1,189 17,419 - -------------------------------------------------------------------------------- page 174 i|Shares iShares Russell Midcap Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Callaway Golf Co. 1,336 $ 17,101 Six Flags Inc./(1)/ 1,398 17,098 Williams-Sonoma Inc./(1)/ 710 16,905 Reebok International Ltd./(1)/ 816 16,891 Lafarge Corp. 498 16,633 CheckFree Corp./(1)(2)/ 978 16,597 Coors (Adolf) Company "B" 367 16,515 Mercury General Corp. 415 16,476 Catalina Marketing Corp./(1)/ 584 16,352 Allegheny Technologies Inc. 1,215 16,196 Hudson City Bancorp Inc. 672 16,061 UAL Corp. 879 16,051 Trustmark Corp. 717 16,046 American Eagle Outfitters Inc./(1)/ 798 15,880 Mandalay Resort Group Inc./(1)/ 978 15,873 Gateway Inc./(1)/ 2,902 15,816 Polo Ralph Lauren Corp./(1)/ 842 15,788 Ingram Micro Inc. "A"/(1)/ 1,199 15,467 McClatchy Co. (The) "A" 368 15,456 Louis Dreyfus Natural Gas Corp./(1)/ 397 15,443 International Speedway Corp. "A" 442 15,395 i2 Technologies Inc./(1)/ 4,438 15,267 Big Lots Inc. 1,837 15,229 Labranche & Co. Inc./(1)/ 686 15,229 Exult Inc./(1)/ 1,302 15,220 Orthodontic Centers of America Inc./(1)(2)/ 616 15,184 Winn-Dixie Stores Inc. 1,326 15,183 American Financial Group Inc. 682 15,140 SICOR Inc./(1)/ 801 15,131 Sybase Inc./(1)/ 1,623 15,094 Steelcase Inc. 1,193 14,996 Total System Services Inc. 602 14,912 Axcelis Technologies Inc./(1)/ 1,574 14,874 Varco International Inc./(1)(2)/ 1,222 14,762 Alleghany Corp./(1)/ 74 14,726 Entercom Communications Corp./(1)/ 429 14,586 Freeport-McMoRan Copper & Gold Inc./(1)/ 1,320 14,507 Hercules Inc./(1)/ 1,754 14,471 Mentor Graphics Corp./(1)/ 1,050 14,469 Nationwide Financial Services Inc. 388 14,426 Cablevision Systems Corporation - Rainbow Media Group/(1)/ 706 14,296 Harte-Hanks Inc. 660 14,282 Extended Stay America Inc./(1)/ 981 14,195 Vignette Corp./(1)/ 3,997 14,149 AVX Corp./(2)/ 860 13,992 Neiman-Marcus Group Inc. "A"/(1)/ 571 13,961 Reliant Resources Inc./(1)/ 857 13,883 Great Lakes Chemical Corp. 625 13,813 Ethan Allen Interiors Inc. 502 13,805 Acxiom Corp./(1)/ 1,463 13,752 Metris Companies Inc. 547 13,538 Patterson-UTI Energy Inc./(1)/ 1,090 13,472 Packaging Corporation of America/(1)/ 869 13,426 Palm Inc./(1)/ 9,180 13,403 American National Insurance Co. 165 13,365 SkyWest Inc. 797 13,326 NRG Energy Inc./(1)/ 818 13,260 Continental Airlines Inc. "B"/(1)(2)/ 881 13,215 AK Steel Holding Corp. 1,546 13,064 Tootsie Roll Industries Inc. 340 13,008 Black Hills Corp. 425 12,971 Orion Power Holdings Inc./(1)/ 504 12,852 CuraGen Corp./(1)(2)/ 655 12,641 Emulex Corp./(1)(2)/ 1,325 12,601 Erie Indemnity Co. "A" 312 12,340 United States Cellular Corp./(1)/ 247 12,227 Radio One Inc. "D"/(1)/ 1,056 12,186 National Instruments Corp./(1)/ 464 12,143 Cox Radio Inc. "A"/(1)/ 601 12,122 Provident Financial Group Inc. 476 12,019 RSA Security Inc./(1)/ 860 11,576 Myriad Genetics Inc./(1)/ 375 11,490 St. Joe Company (The) 444 11,477 Insight Communications Co. Inc./(1)/ 616 11,334 Intimate Brands Inc. 1,259 11,331 Extreme Networks Inc./(1)/ 1,629 11,256 Forest Oil Corp./(1)/ 453 11,234 Aviron/(1)/ 450 11,200 Knight Trading Group Inc./(1)/ 1,418 10,933 United Rentals Inc./(1)/ 630 10,924 SanDisk Corp./(1)/ 1,107 10,915 Blockbuster Inc. 498 10,906 Metro-Goldwyn-Mayer Inc./(1)/ 640 10,848 PanAmSat Corp./(1)/ 465 10,844 Wind River Systems Inc./(1)/ 1,031 10,826 DoubleClick Inc./(1)/ 1,890 10,773 Pixar Inc./(1)/ 266 10,746 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 175 iShares Russell Midcap Index Fund Schedule of Investments (continued) September 30, 2001 (unaudited) Security Shares Value - ------------------------------------------------------------------- COMMON STOCKS (continued) - ------------------------------------------------------------------- Maxtor Corp./(1)/ 3,009 $ 10,742 TeleCorp PCS Inc./(1)/ 944 10,431 CNA Financial Corp./(1)(2)/ 384 10,383 Grant Prideco Inc./(1)/ 1,662 10,122 UTStarcom Inc./(1)/ 618 10,043 Affymetrix Inc./(1)/ 619 9,935 BlackRock Inc./(1)/ 224 9,905 Acterna Corp./(1)/ 3,114 9,903 Tekelec/(1)/ 745 9,812 Saks Inc./(1)/ 1,955 9,775 Inhale Therapeutic Systems Inc./(1)/ 727 9,669 Reinsurance Group of America Inc. 282 9,619 Talbots Inc. (The) 422 9,474 Retek Inc./(1)/ 761 9,261 Arch Coal Inc. 590 9,204 Riverstone Networks Inc./(1)/ 1,740 9,135 21st Century Insurance Group 513 9,029 Timberland Co. "A"/(1)/ 329 8,916 Homestore.com Inc./(1)/ 1,152 8,813 People's Bank 397 8,813 Northwest Airlines Corp. "A"/(1)/ 772 8,809 Williams Communications Group Inc./(1)/ 7,455 8,797 Foundry Networks Inc./(1)/ 1,402 8,482 Primedia Inc./(1)/ 3,522 8,277 Priority Healthcare Corp. "B"/(1)/ 332 7,968 CNET Networks Inc./(1)/ 1,850 7,955 Sycamore Networks Inc./(1)/ 2,238 7,788 Finisar Corp./(1)/ 1,921 7,607 Sonus Networks Inc./(1)/ 2,473 7,419 Cirrus Logic Inc./(1)/ 990 7,346 TIBCO Software Inc./(1)/ 1,000 7,340 John Nuveen Co. "A" 165 7,298 Ameritrade Holding Corp. "A"/(1)(2)/ 1,775 7,118 Consol Energy Inc. 332 7,115 Liberty Financial Companies Inc. 224 7,112 RealNetworks Inc./(1)/ 1,445 7,023 Hollinger International Inc. 650 6,825 Emmis Communications Corp./(1)/ 472 6,806 Micromuse Inc./(1)/ 1,196 6,793 Time Warner Telecom Inc. "A"/(1)(2)/ 928 6,728 Wesco Financial Corp. 23 6,672 Ariba Inc./(1)/ 3,575 6,649 Mediacom Communications Corp./(1)/ 508 6,619 ONI Systems Inc./(1)/ 1,633 6,581 Aquila Inc./(1)/ 288 6,278 Corvis Corp./(1)/ 4,113 6,252 Capstone Turbine Corp./(1)/ 1,029 6,215 Quest Software Inc./(1)(2)/ 527 6,103 Peabody Energy Corp./(2)/ 252 6,073 West Corp./(1)/ 296 5,861 Power-One Inc./(1)/ 952 5,855 Internet Security Systems Inc./(1)(2)/ 618 5,630 Quanta Services Inc./(1)(2)/ 392 5,586 Global Industries Ltd./(1)/ 1,019 5,554 Interwoven Inc./(1)/ 1,430 5,520 Entravision Communications Corp./(1)/ 626 5,352 Oakley Inc./(1)/ 415 5,208 Instinet Group Inc./(1)/ 526 5,150 U.S. Airways Group Inc./(1)(2)/ 1,080 5,022 Weis Markets Inc. 180 5,004 Nextel Partners Inc. "A"/(1)/ 724 4,873 Manugistics Group Inc./(1)/ 827 4,813 Hearst-Argyle Television Inc./(1)/ 270 4,725 University of Phoenix Online/(1)(2)/ 141 4,365 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 421 4,357 TD Waterhouse Group Inc./(1)/ 696 4,273 CMGI Inc./(1)/ 4,194 4,194 Informatica Corp./(1)/ 1,053 4,159 Allegiance Telecom Inc./(1)/ 1,334 4,015 Columbia Sportswear Co./(1)/ 172 3,818 StorageNetworks Inc./(1)/ 955 3,782 Expedia Inc. "A"/(1)(2)/ 139 3,376 Redback Networks Inc./(1)/ 2,056 2,981 Hotel Reservations Network Inc. "A"/(1)(2)/ 122 2,774 McDATA Corporation "A"/(1)/ 303 2,542 Metromedia Fiber Network Inc. "A"/(1)/ 7,037 2,393 Transmeta Corp./(1)/ 1,528 2,154 Travelocity.com Inc./(1)(2)/ 156 2,075 Plug Power Inc./(1)/ 201 1,934 Global Power Equipment Group Inc./(1)/ 118 1,794 Valhi Inc. 112 1,490 Exodus Communications Inc./(1)/ 6,885 1,170 Inrange Technologies Corp./(1)/ 143 849 Tellium Inc./(1)(2)/ 145 715 - ------------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $41,861,741) 35,108,010 - ------------------------------------------------------------------- - -------------------------------------------------------------------------------- page 176 i|Shares iShares Russell Midcap Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Principal Value - -------------------------------------------------------------------- SHORT TERM INSTRUMENTS - 8.52% - -------------------------------------------------------------------- Dreyfus Money Market Fund/(3)/ $1,079,441 $ 1,079,441 Goldman Sachs Financial Square Prime Obligation Fund/(3)/ 542,884 542,884 Providian Temp Cash Money Market Fund/(3)/ 1,377,218 1,377,218 - -------------------------------------------------------------------- TOTAL SHORT TERM INSTRUMENTS (Cost: $2,999,543) 2,999,543 - -------------------------------------------------------------------- REPURCHASE AGREEMENT - 0.12% - -------------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $41,356 and an effective rate of 2.90%. 41,346 41,346 - -------------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $41,346) 41,346 - -------------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 108.40% (Cost $44,902,630) 38,148,899 - -------------------------------------------------------------------- Other Assets, Less Liabilities -- (8.40%) (2,956,173) - -------------------------------------------------------------------- NET ASSETS -- 100.00% $35,192,726 ==================================================================== /(1)/ Non-income earning securities. /(2)/ Denotes all or part of security on loan. See Note 5. /(3)/ Represents investment of collateral received from securities lending transactions. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 177 iShares Russell Midcap Growth Index Fund Schedule of Investments September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS - 99.93% - -------------------------------------------------------------------------------- USA Education Inc. 2,429 $ 201,388 Guidant Corp./(1)/ 4,626 178,101 TJX Companies Inc. 4,239 139,463 Genzyme Corp. - General Division/(1)/ 2,974 135,079 VeriSign Inc./(1)/ 3,090 129,471 Biogen Inc./(1)/ 2,248 124,944 Biomet Inc. 4,099 119,896 MedImmune Inc./(1)/ 3,255 115,976 Best Buy Co. Inc./(1)/ 2,501 113,670 IMS Health Inc. 4,479 112,199 Bed Bath & Beyond Inc./(1)/ 4,400 112,024 King Pharmaceuticals Inc./(1)/ 2,668 111,923 Stryker Corp. 2,038 107,810 Interpublic Group of Companies Inc. 5,120 104,448 SunGard Data Systems Inc./(1)/ 4,238 99,042 Fiserv Inc./(1)/ 2,849 97,436 Altera Corp./(1)/ 5,516 90,352 KLA-Tencor Corp./(1)/ 2,826 89,245 Immunex Corp./(1)/ 4,765 89,010 Watson Pharmaceuticals Inc./(1)/ 1,602 87,645 Lexmark International Group Inc. "A"/(1)/ 1,957 87,497 Electronic Arts Inc./(1)/ 1,904 86,956 Adobe Systems Inc. 3,615 86,688 Starbucks Corp./(1)/ 5,790 86,503 IDEC Pharmaceuticals Corp./(1)/ 1,683 83,426 St. Jude Medical Inc./(1)/ 1,201 82,208 Gilead Sciences Inc./(1)/ 1,441 80,941 Synovus Financial Corp. 2,877 79,405 Applera Corp. - Applied Biosystems Group 3,195 77,958 Moody's Corp. 2,084 77,108 Convergys Corp./(1)/ 2,588 71,817 Waters Corp./(1)/ 1,979 70,789 Cintas Corp. 1,749 70,485 Staples Inc./(1)/ 5,291 70,476 RadioShack Corp. 2,771 67,197 AmerisourceBergen Corp./(1)/ 936 66,409 Express Scripts Inc. "A"/(1)/ 1,196 66,378 Sanmina Corp./(1)/ 4,872 66,162 Ralston Purina Group 2,014 66,059 Intuit Inc./(1)/ 1,817 65,049 Quest Diagnostics Inc./(1)/ 1,050 64,785 Ecolab Inc. 1,781 64,704 Cadence Design Systems Inc./(1)/ 3,761 62,621 Family Dollar Stores Inc. 2,252 61,975 Human Genome Sciences Inc./(1)/ 1,930 59,656 Millennium Pharmaceuticals Inc./(1)/ 3,325 59,052 Novellus Systems Inc./(1)/ 2,059 58,805 Chiron Corp./(1)/ 1,322 58,657 Broadcom Corp. "A"/(1)/ 2,885 58,566 Caremark Rx Inc./(1)/ 3,503 58,430 Laboratory Corp. of America Holdings/(1)/ 721 58,293 Danaher Corp. 1,232 58,126 Univision Communications Inc./(1)/ 2,531 58,086 Andrx Group/(1)/ 887 57,584 Citrix Systems Inc./(1)/ 2,831 56,054 Apollo Group Inc. "A"/(1)/ 1,312 55,143 Pepsi Bottling Group Inc. 1,196 55,100 Sabre Holdings Corp./(1)/ 2,027 54,202 Microchip Technology Inc./(1)/ 2,011 53,895 Comverse Technology Inc./(1)/ 2,594 53,125 IVAX Corporation/(1)/ 2,390 52,986 BJ's Wholesale Club Inc./(1)/ 1,103 52,514 Invitrogen Corp./(1)/ 798 52,476 Imclone Systems Inc./(1)/ 920 52,026 Teradyne Inc./(1)/ 2,660 51,870 Wrigley (William Jr.) Co. 988 50,684 International Game Technology Inc./(1)/ 1,134 48,195 Tiffany & Co. 2,208 47,803 Equifax Inc. 2,177 47,676 Affiliated Computer Services Inc. "A"/(1)/ 584 47,543 Dollar General Corp. 4,063 47,537 Block (H & R) Inc. 1,229 47,390 Cytyc Corp./(1)/ 1,749 46,891 Robert Half International Inc./(1)/ 2,337 46,763 American Standard Companies Inc./(1)/ 841 46,255 Brocade Communications System Inc./(1)/ 3,254 45,654 AdvancePCS/(1)/ 631 45,293 Yahoo! Inc./(1)/ 5,135 45,239 Burlington Resources Inc. 1,308 44,747 Kellogg Co. 1,480 44,400 Estee Lauder Companies Inc. "A" 1,334 44,222 BJ Services Co./(1)/ 2,481 44,137 Sealed Air Corp./(1)/ 1,199 43,752 Bisys Group Inc./(1)/ 825 43,742 Intersil Holding Corp./(1)/ 1,544 43,108 Gallagher (Arthur J.) & Co. 1,273 43,091 Avaya Inc./(1)/ 4,339 42,956 Oxford Health Plans Inc./(1)/ 1,502 42,657 NVIDIA Corp./(1)/ 1,546 42,469 Scientific-Atlanta Inc. 2,368 41,558 DST Systems Inc./(1)/ 957 41,390 Noble Drilling Corp./(1)/ 1,716 41,184
- -------------------------------------------------------------------------------- page 178 i|Shares iShares Russell Midcap Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Nabors Industries Inc./(1)/ 1,935 $ 40,577 Jabil Circuit Inc./(1)/ 2,248 40,239 Telephone & Data Systems Inc. 426 40,172 ChoicePoint Inc./(1)/ 948 39,475 First Health Group Corp./(1)/ 1,333 39,164 Symantec Corp./(1)/ 1,113 38,588 Sepracor Inc./(1)/ 1,064 38,198 Millipore Corp. 721 38,170 PerkinElmer Inc. 1,451 38,074 Lincare Holdings Inc./(1)/ 1,410 37,464 Synopsys Inc./(1)/ 921 36,941 UST Inc. 1,110 36,852 Symbol Technologies Inc. 3,445 36,138 Federated Investors Inc. "B" 1,201 35,550 AmeriCredit Corp./(1)/ 1,122 35,478 Newmont Mining Corp. 1,485 35,046 TMP Worldwide Inc./(1)/ 1,228 34,863 Expeditors International Washington Inc. 722 34,187 Health Management Associates Inc. "A"/(1)/ 1,633 33,901 Murphy Oil Corp. 465 33,647 SEI Investment Co. 1,050 33,600 ICOS Corp./(1)/ 679 33,414 EOG Resources Inc. 1,149 33,241 RF Micro Devices Inc./(1)/ 1,991 33,051 Varian Medical Systems Inc./(1)/ 509 32,652 Enzon Inc./(1)/ 634 32,334 Peregrine Systems Inc./(1)/ 2,556 32,282 Lam Research Corp./(1)/ 1,891 32,052 Protein Design Labs Inc./(1)/ 664 31,361 Jones Apparel Group Inc./(1)/ 1,222 31,149 DeVry Inc./(1)/ 862 30,946 Avery Dennison Corp. 653 30,893 Western Wireless Corp. "A"/(1)/ 914 30,875 Polycom Inc./(1)/ 1,265 30,828 Advanced Micro Devices Inc./(1)/ 3,765 30,685 Cephalon Inc./(1)/ 613 30,576 Applied Micro Circuits Corp./(1)/ 4,348 30,393 Integrated Device Technology Inc./(1)/ 1,507 30,321 Agere Systems Inc./(1)/ 7,340 30,314 Celgene Corp./(1)/ 1,140 30,130 Network Appliance Inc./(1)/ 4,420 30,056 Weatherford International Inc./(1)/ 1,167 29,770 Global Marine Inc./(1)/ 2,120 29,680 L-3 Communications Holdings Inc./(1)/ 338 29,558 BMC Software Inc./(1)/ 2,300 29,210 CSG Systems International Inc./(1)/ 710 29,110 AutoZone Inc./(1)/ 556 28,834 CH Robinson Worldwide Inc. 989 28,641 Beckman Coulter Inc. 637 28,187 Waddell & Reed Financial Inc. "A" 1,082 28,132 Investors Financial Services Corp. 482 27,782 Dollar Tree Stores Inc./(1)/ 1,474 27,638 Eaton Vance Corp. 879 27,557 Smith International Inc./(1)/ 756 27,518 Patterson Dental Co./(1)/ 743 27,387 Gentex Corp./(1)/ 1,132 27,043 Investment Technology Group Inc./(1)/ 483 26,802 QLogic Corp./(1)/ 1,401 26,619 Knight Ridder Inc. 475 26,529 Abgenix Inc./(1)/ 1,168 26,514 Semtech Corp./(1)/ 932 26,450 Rational Software Corp./(1)/ 3,053 26,439 Rite Aid Corp./(1)/ 3,388 26,155 International Rectifier Corp./(1)/ 947 25,787 Cooper Cameron Corp./(1)/ 782 25,650 PMC - Sierra Inc./(1)/ 2,489 25,562 Eaton Corp. 430 25,460 Mylan Laboratories Inc. 770 25,117 Fastenal Co. 440 25,071 Ocean Energy Inc. 1,532 24,972 Certegy Inc./(1)/ 960 24,922 XTO Energy Inc. 1,775 24,761 Abercrombie & Fitch Co. "A"/(1)/ 1,396 24,556 Fairchild Semiconductor Corp. "A"/(1)/ 1,506 24,171 ResMed Inc./(1)/ 474 24,079 ENSCO International Inc. 1,641 23,991 CDW Computer Centers Inc./(1)/ 658 23,806 Whole Foods Market Inc./(1)/ 735 23,086 Hanover Compressor Co./(1)/ 1,066 23,068 Barr Laboratories Inc./(1)/ 288 22,769 LSI Logic Corp./(1)/ 1,904 22,372 Herman Miller Inc. 1,145 22,293 McKesson HBOC Inc. 588 22,221 Jack Henry & Associates Inc. 973 22,077 Compuware Corp./(1)/ 2,635 21,950 Amphenol Corp. "A"/(1)/ 631 21,927 Apache Corp. 507 21,801 Dentsply International Inc. 469 21,546 Lattice Semiconductor Corp./(1)/ 1,354 21,258 Mercury Interactive Corp./(1)/ 1,101 20,963 Vitesse Semiconductor Corp./(1)/ 2,690 20,848 Parametric Technology Corp./(1)/ 3,993 20,724
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 179 iShares Russell Midcap Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited)
Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- Wellpoint Health Networks Inc./(1)/ 188 $ 20,520 Atmel Corp./(1)/ 3,062 20,454 Citizen Communications Co./(1)/ 2,176 20,454 National Semiconductor Corp./(1)/ 917 20,220 Vertex Pharmaceuticals Inc./(1)/ 1,117 20,151 Triton PCS Holdings Inc. "A"/(1)/ 529 20,102 Micrel Inc./(1)/ 1,006 20,060 Mettler Toledo International Inc./(1)/ 475 20,017 Georgia-Pacific (Timber Group) 548 19,849 Kinder Morgan Inc. 396 19,487 Universal Health Services Inc. "B"/(1)/ 387 18,886 Alkermes Inc./(1)/ 964 18,875 Maytag Corp. 766 18,874 SCI Systems Inc./(1)/ 1,041 18,738 Krispy Kreme Doughnuts Inc./(1)/ 622 18,411 DaVita Inc./(1)/ 901 18,335 COR Therapeutics Inc./(1)/ 795 17,991 National-Oilwell Inc./(1)/ 1,224 17,748 Neuberger Berman Inc. 507 17,684 Homestake Mining Company 1,901 17,679 Cabot Microelectronics Corp./(1)/ 364 17,585 Community Health Systems Inc./(1)/ 591 17,576 Macrovision Corp./(1)/ 618 17,557 Coach Inc./(1)/ 659 17,470 Shaw Group Inc./(1)/ 620 17,465 OSI Pharmaceuticals Inc./(1)/ 527 17,128 Pharmaceutical Product Development Inc./(1)/ 583 17,076 Advent Software Inc./(1)/ 453 17,055 ICN Pharmaceuticals Inc. 644 16,969 Molex Inc. 600 16,866 USA Networks Inc./(1)/ 937 16,847 Medicis Pharmaceutical Corp. "A"/(1)/ 336 16,793 Amazon.com Inc./(1)/ 2,789 16,650 Medarex Inc./(1)/ 1,101 16,625 Mitchell Energy & Development Corp. "A" 329 16,489 Cerner Corp./(1)/ 333 16,484 Boston Scientific Corp./(1)/ 801 16,421 Cree Inc./(1)/ 1,104 16,317 Cypress Semiconductor Corp./(1)/ 1,090 16,197 WorldCom Inc. - MCI Group 1,054 16,052 American Tower Corp./(1)/ 1,151 15,987 Williams-Sonoma Inc./(1)/ 668 15,905 Hershey Foods Corp. 243 15,885 Network Associates Inc./(1)/ 1,220 15,726 Amkor Technology Inc./(1)/ 1,477 15,538 CheckFree Corp./(1)/ 910 15,443 Catalina Marketing Corp./(1)/ 549 15,372 Newfield Exploration Co./(1)/ 526 15,359 Marriott International Inc. "A" 458 15,297 Allied Capital Corp. 665 15,129 Dow Jones & Co. Inc. 332 15,083 Pitney Bowes Inc. 394 15,051 American Eagle Outfitters Inc./(1)/ 751 14,945 Iron Mountain Inc./(1)/ 356 14,756 Openwave Systems Inc./(1)/ 1,149 14,650 McCormick & Co. Inc. 319 14,610 Rowan Companies Inc./(1)/ 1,161 14,373 i2 Technologies Inc./(1)/ 4,173 14,355 Labranche & Co. Inc./(1)/ 644 14,297 Orthodontic Centers of America Inc./(1)/ 579 14,272 SICOR Inc./(1)/ 753 14,224 Exult Inc./(1)/ 1,215 14,203 Total System Services Inc. 566 14,020 Axcelis Technologies Inc./(1)/ 1,470 13,891 Conexant Systems Inc./(1)/ 1,638 13,595 Freeport-McMoRan Copper & Gold Inc./(1)/ 1,231 13,529 Mentor Graphics Corp./(1)/ 978 13,477 ADC Telecommunications Inc./(1)/ 3,843 13,412 Apogent Technologies Inc./(1)/ 560 13,384 Coca-Cola Enterprises Inc. 864 13,254 Diamond Offshore Drilling Inc. 523 13,190 Hispanic Broadcasting Corp./(1)/ 800 12,880 Metris Companies Inc. 515 12,746 Patterson-UTI Energy Inc./(1)/ 1,016 12,558 Sybase Inc./(1)/ 1,314 12,220 Orion Power Holdings Inc./(1)/ 473 12,062 CuraGen Corp./(1)/ 616 11,889 Pride International Inc./(1)/ 1,135 11,804 Emulex Corp./(1)/ 1,236 11,754 KPMG Consulting Inc./(1)/ 1,081 11,686 Crown Castle International Corp./(1)/ 1,296 11,664 Quintiles Transnational Corp./(1)/ 798 11,651 Newport News Shipbuilding Inc. 172 11,558 National Instruments Corp./(1)/ 436 11,410 Cox Radio Inc. "A"/(1)/ 565 11,396 Tidewater Inc. 423 11,290 Allied Waste Industries Inc./(1)/ 869 11,080 E*trade Group Inc./(1)/ 1,830 11,072 Myriad Genetics Inc./(1)/ 352 10,785 Intimate Brands Inc. 1,174 10,566 Extreme Networks Inc./(1)/ 1,522 10,517 NRG Energy Inc./(1)/ 645 10,455
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Security Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------------------------- SPX Corp./(1)/ 124 $ 10,280 Wind River Systems Inc./(1)/ 960 10,080 Pixar Inc./(1)/ 249 10,060 Varco International Inc./(1)/ 807 9,749 SkyWest Inc. 581 9,714 Triad Hospitals Inc./(1)/ 273 9,664 Aviron/(1)/ 383 9,533 DoubleClick Inc./(1)/ 1,656 9,439 Affymetrix Inc./(1)/ 583 9,357 BlackRock Inc./(1)/ 210 9,286 Tekelec/(1)/ 701 9,232 Tootsie Roll Industries Inc. 240 9,182 Inhale Therapeutic Systems Inc./(1)/ 674 8,964 Advanced Fibre Communications Inc./(1)/ 602 8,795 Palm Inc./(1)/ 6,011 8,776 Black & Decker Corp. 281 8,767 Solutia Inc. 705 8,742 Retek Inc./(1)/ 716 8,714 Timberland Co. "A"/(1)/ 309 8,374 Homestore.com Inc./(1)/ 1,074 8,216 Talbots Inc. (The) 365 8,194 Storage Technology Corp./(1)/ 647 8,120 Foundry Networks Inc./(1)/ 1,308 7,913 Primedia Inc./(1)/ 3,293 7,739 Level 3 Communications Inc./(1)/ 2,034 7,689 WebMD Corp./(1)/ 1,779 7,579 Priority Healthcare Corp. "B"/(1)/ 312 7,488 EarthLink Inc./(1)/ 491 7,478 Finisar Corp./(1)/ 1,797 7,116 3Com Corp./(1)/ 1,878 7,042 Brinker International Inc./(1)/ 296 6,992 Dover Corp. 231 6,955 Sonus Networks Inc./(1)/ 2,316 6,948 Vulcan Materials Co. 155 6,696 Consol Energy Inc. 312 6,686 Ameritrade Holding Corp. "A"/(1)/ 1,659 6,653 Pogo Producing Co. 283 6,651 Commerce Bancorp Inc. 97 6,596 Kerr-McGee Corp. 127 6,593 RealNetworks Inc./(1)/ 1,349 6,556 RSA Security Inc./(1)/ 480 6,461 Rockwell Collins 454 6,447 Knight Trading Group Inc./(1)/ 836 6,446 Micromuse Inc./(1)/ 1,115 6,333 Time Warner Telecom Inc. "A"/(1)/ 872 6,322 TIBCO Software Inc./(1)/ 813 5,967 Acterna Corp./(1)/ 1,876 5,966 Enterasys Networks Inc./(1)/ 923 5,953 Vignette Corp./(1)/ 1,678 5,940 Corvis Corp./(1)/ 3,867 5,878 Forest Oil Corp./(1)/ 236 5,853 SanDisk Corp./(1)/ 587 5,788 Callaway Golf Co. 450 5,760 Quest Software Inc./(1)/ 496 5,744 Harris Corp. 174 5,537 West Corp./(1)/ 279 5,524 Cirrus Logic Inc./(1)/ 743 5,513 Riverstone Networks Inc./(1)/ 1,049 5,507 Tech Data Corp./(1)/ 144 5,458 Power-One Inc./(1)/ 886 5,449 NCR Corp./(1)/ 183 5,426 Darden Restaurants Inc. 204 5,355 Internet Security Systems Inc./(1)/ 581 5,293 Interwoven Inc./(1)/ 1,335 5,153 Willamette Industries Inc. 114 5,129 Oakley Inc./(1)/ 390 4,895 Metro-Goldwyn-Mayer Inc./(1)/ 245 4,153 University of Phoenix Online/(1)/ 132 4,087 Northwest Airlines Corp. "A"/(1)/ 351 4,005 ONI Systems Inc./(1)/ 984 3,966 TeleCorp PCS Inc./(1)/ 358 3,956 Informatica Corp./(1)/ 990 3,911 Stilwell Financial Inc. 196 3,822 Viad Corp. 198 3,798 International Speedway Corp. "A" 109 3,796 Harrah's Entertainment Inc./(1)/ 140 3,781 Omnicare Inc. 172 3,755 United States Cellular Corp./(1)/ 75 3,713 Autodesk Inc. 115 3,687 Arch Coal Inc. 235 3,666 Columbia Sportswear Co./(1)/ 162 3,596 Outback Steakhouse Inc./(1)/ 138 3,534 StorageNetworks Inc./(1)/ 889 3,520 Barnes & Noble Inc./(1)/ 95 3,429 CNET Networks Inc./(1)/ 777 3,341 Peabody Energy Corp. 136 3,278 Sycamore Networks Inc./(1)/ 940 3,271 Jacobs Engineering Group Inc./(1)/ 52 3,245 Expedia Inc. "A"/(1)/ 130 3,158 Allegiance Telecom Inc./(1)/ 991 2,983 Nike Inc. "B" 63 2,949 PanAmSat Corp./(1)/ 123 2,868
- -------------------------------------------------------------------------------- iShares Schedules of Investments page 181 iShares Russell Midcap Growth Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - --------------------------------------------------------------- COMMON STOCKS (continued) - --------------------------------------------------------------- Ariba Inc./(1)/ 1,501 $ 2,792 Redback Networks Inc./(1)/ 1,923 2,788 Henry Schein Inc./(1)/ 71 2,741 Galileo International Inc. 132 2,740 John Nuveen Co. "A" 60 2,654 Hotel Reservations Network Inc. "A"/(1)/ 115 2,615 Maxtor Corp./(1)/ 674 2,406 McDATA Corporation "A"/(1)/ 285 2,391 Quanta Services Inc./(1)/ 165 2,351 Readers Digest Association Inc. (The) "A" 124 2,280 Unisys Corp./(1)/ 260 2,252 Acxiom Corp./(1)/ 239 2,247 Blockbuster Inc. 99 2,168 Trigon Healthcare Inc./(1)/ 32 2,096 Entravision Communications Corp./(1)/ 242 2,069 Transmeta Corp./(1)/ 1,427 2,012 Cablevision Systems Corporation - Rainbow Media Group/(1)/ 99 2,005 Packaging Corporation of America/(1)/ 129 1,993 Instinet Group Inc./(1)/ 203 1,987 Travelocity.com Inc./(1)/ 147 1,955 Pall Corp. 98 1,906 Nextel Partners Inc. "A"/(1)/ 275 1,851 Plug Power Inc./(1)/ 189 1,818 Aquila Inc./(1)/ 83 1,809 United Rentals Inc./(1)/ 104 1,803 MGM Grand Inc./(1)/ 78 1,753 Venator Group Inc./(1)/ 106 1,617 Catellus Development Corp./(1)/ 92 1,608 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 149 1,542 Grant Prideco Inc./(1)/ 227 1,382 Louis Dreyfus Natural Gas Corp./(1)/ 32 1,245 AVX Corp. 74 1,204 Ingram Micro Inc. "A"/(1)/ 88 1,135 Winn-Dixie Stores Inc. 99 1,134 U.S. Airways Group Inc./(1)/ 242 1,125 Black Hills Corp. 36 1,099 Exodus Communications Inc./(1)/ 6,456 1,098 Constellation Brands Inc./(1)/ 26 1,083 TD Waterhouse Group Inc./(1)/ 175 1,075 Global Power Equipment Group Inc./(1)/ 63 958 Mediacom Communications Corp./(1)/ 71 925 Big Lots Inc. 105 870 Gateway Inc./(1)/ 158 861 Harte-Hanks Inc. 37 801 Inrange Technologies Corp./(1)/ 87 517 Tellium Inc./(1)/ 88 434 Valhi Inc. 12 160 - --------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $14,571,459) 11,273,680 - --------------------------------------------------------------- REPURCHASE AGREEMENT - 0.08% - --------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $9,679 and an effective yield of 2.90%. $9,676 9,676 - --------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $9,676) 9,676 - --------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 100.01% (Cost $14,581,135) 11,283,356 - --------------------------------------------------------------- Other Assets, Less Liabilities -- (0.01%) (1,329) - --------------------------------------------------------------- NET ASSETS -- 100.00% $11,282,027 =============================================================== /(1)/ Non-income earning securities. See notes to financial Statements. - -------------------------------------------------------------------------------- Page 182 i|Shares iShares Russell Midcap Value Index Fund Schedule of Investments September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS - 99.73% - -------------------------------------------------------------- Equity Office Properties Trust 4,065 $ 130,080 Albertson's Inc. 3,989 127,169 Raytheon Co. 3,414 118,637 ConAgra Foods Inc. 5,281 118,558 Avon Products Inc. 2,188 101,195 KeyCorp 4,182 100,953 Comerica Inc. 1,759 97,449 AON Corp. 2,273 95,466 Xcel Energy Inc. 3,390 95,429 Becton Dickinson & Co. 2,532 93,684 FPL Group Inc. 1,739 93,123 Masco Corp. 4,522 92,430 McKesson HBOC Inc. 2,417 91,338 Progress Energy Inc. 2,120 91,139 Occidental Petroleum Corp. 3,668 89,279 Public Service Enterprise Group Inc. 2,032 86,462 SouthTrust Corp. 3,392 86,394 Deere & Co. 2,296 86,353 Air Products & Chemicals Inc. 2,223 85,763 Lincoln National Corp. 1,838 85,706 May Department Stores Co. 2,947 85,522 Consolidated Edison Inc. 2,072 84,372 St. Paul Companies Inc. 2,040 84,089 Progressive Corporation 616 82,482 Pitney Bowes Inc. 2,144 81,901 USX-Marathon Group Inc. 3,042 81,374 Northrop Grumman Corp. 800 80,800 FirstEnergy Corp. 2,187 78,623 Unocal Corp. 2,378 77,285 Equity Residential Properties Trust 1,318 76,971 PPG Industries Inc. 1,645 75,259 Golden West Financial Corp. 1,257 73,032 MBIA Inc. 1,453 72,650 Archer-Daniels-Midland Co. 5,729 72,128 DTE Energy Co. 1,611 69,354 Entergy Corp. 1,882 66,924 Praxair Inc. 1,580 66,360 Mattel Inc./(1)/ 4,237 66,351 Jefferson-Pilot Corp. 1,489 66,231 AmSouth Bancorp 3,629 65,576 CSX Corp. 2,081 65,551 Delphi Automotive Systems Corp. 5,501 64,637 Regions Financial Corp. 2,221 64,098 Georgia-Pacific Corp. 2,222 63,971 Healthsouth Corp./(1)/ 3,852 62,634 Clorox Co. 1,688 62,456 Charter One Financial Inc. 2,205 62,227 Norfolk Southern Corp. 3,794 61,159 MGIC Investment Corp. 924 60,374 M&T Bank Corp. 815 60,310 New York Times Co. "A" 1,535 59,911 Marshall & Ilsley Corp. 1,051 59,581 Franklin Resources Inc. 1,673 58,003 PG&E Corp. 3,812 57,942 Union Planters Corp. 1,344 57,658 Tricon Global Restaurants Inc./(1)/ 1,441 56,516 Penney (J.C.) Company Inc. 2,578 56,458 Newell Rubbermaid Inc. 2,484 56,412 Johnson Controls Inc. 854 55,715 Cincinnati Financial Corp. 1,331 55,396 Dover Corp. 1,836 55,282 R.J. Reynolds Tobacco Holdings Inc. 956 54,626 Wellpoint Health Networks Inc./(1)/ 500 54,575 Xerox Corp. 7,037 54,537 Genuine Parts Co. 1,687 53,748 Apple Computer Inc./(1)/ 3,449 53,494 Marriott International Inc. "A" 1,588 53,039 UNUMProvident Corp. 2,098 52,975 Kerr-McGee Corp. 1,016 52,741 Boston Scientific Corp./(1)/ 2,568 52,644 Ingersoll-Rand Co. 1,548 52,322 Computer Sciences Corp./(1)/ 1,573 52,176 National Commerce Financial Corp. 1,997 52,122 Ameren Corp. 1,343 51,571 Countrywide Credit Industries Inc. 1,167 51,266 Federated Department Stores Inc./(1)/ 1,777 50,111 Sempra Energy 2,020 49,995 Rohm & Haas Co. "A" 1,522 49,861 Fortune Brands Inc. 1,487 49,814 Hershey Foods Corp. 756 49,420 Ambac Financial Group Inc. 888 48,582 Zions Bancorp 903 48,455 Cinergy Corp. 1,556 48,034 Torchmark Corp. 1,224 47,736 NiSource Inc. 2,019 47,063 North Fork Bancorp 1,582 47,049 PPL Corp. 1,430 46,618 CenturyTel Inc. 1,380 46,230 First Tennessee National Corp. 1,246 46,102 Wrigley (William Jr.) Co. 889 45,606 KeySpan Corp. 1,355 45,040 Allegheny Energy Inc. 1,223 44,884 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 183 iShares Russell Midcap Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------- GPU Inc. 1,108 $ 44,719 Ralston Purina Group 1,346 44,149 Amerada Hess Corp. 679 43,116 Starwood Hotels & Resorts Worldwide Inc. 1,941 42,702 Huntington Bancshares Inc. 2,460 42,583 Edison International 3,206 42,191 Kellogg Co. 1,400 42,000 Burlington Resources Inc. 1,219 41,702 Popular Inc. 1,334 41,621 Bear Stearns Companies Inc. 820 41,008 Willamette Industries Inc. 900 40,491 Aetna Inc./(1)/ 1,398 40,388 Office Depot Inc./(1)/ 2,943 40,025 Textron Inc. 1,177 39,559 Stilwell Financial Inc. 2,027 39,527 Parker Hannifin Corp. 1,145 39,274 Devon Energy Corp. 1,140 39,216 Block (H & R) Inc. 1,014 39,100 Constellation Energy Group Inc. 1,601 38,744 Apache Corp. 895 38,485 SAFECO Corp. 1,252 37,973 Leggett & Platt Inc. 1,920 37,440 TECO Energy Inc. 1,331 36,070 Cooper Industries Inc. 856 35,498 Vulcan Materials Co. 821 35,467 TCF Financial Corp. 765 35,236 Cablevision Systems Corp./(1)/ 858 35,127 Ultramar Diamond Shamrock Corp. 721 34,565 Broadwing Inc./(1)/ 2,144 34,476 ITT Industries Inc. 757 33,914 Kmart Corp./(1)/ 4,811 33,629 Simon Property Group Inc. 1,245 33,503 Toys R Us Inc./(1)/ 1,937 33,375 Dime Bancorp Inc. 841 33,068 Pinnacle West Capital Corp. 829 32,911 Sigma-Aldrich Corp. 728 32,906 Servicemaster Co. 2,953 32,749 Compass Bancshares Inc. 1,256 32,694 Nike Inc. "B" 689 32,252 Thermo Electron Corp./(1)/ 1,775 32,039 Limited Inc. 3,363 31,949 Delta Air Lines Inc. 1,206 31,778 Utilicorp United Inc. 1,130 31,651 Archstone Communities Trust 1,190 31,059 PACCAR Inc. 623 30,571 Whirlpool Corp. 552 30,553 Old Republic International Corp. 1,165 30,535 Radian Group Inc. 792 30,492 TRW Inc. 1,022 30,476 American Water Works Inc. 765 30,217 Nucor Corp. 761 30,212 T Rowe Price Group Inc. 1,031 30,208 Fluor Corp. 784 30,184 DPL Inc. 1,239 30,132 Banknorth Group Inc. 1,342 29,953 Duke-Weeks Realty Corp. 1,262 29,897 Engelhard Corp. 1,285 29,683 Public Storage Inc. 888 29,659 UST Inc. 885 29,382 Apartment Investment & Management Co. "A" 648 29,328 Greenpoint Financial Corp. 835 29,308 Harrah's Entertainment Inc./(1)/ 1,074 29,009 AMR Corp./(1)/ 1,510 28,901 Stanley Works (The) 786 28,728 Sherwin-Williams Co. 1,288 28,619 Donnelley (R.R.) & Sons Co. 1,054 28,511 AvalonBay Communities Inc. 597 28,507 Grainger (W.W.) Inc. 732 28,438 Manor Care Inc./(1)/ 1,012 28,437 Health Management Associates Inc. "A"/(1)/ 1,344 27,901 Molex Inc. 986 27,716 Edwards (A.G.) Inc. 781 27,421 Eastman Chemical Co. 754 27,370 Kinder Morgan Inc. 556 27,361 PMI Group Inc. (The) 435 27,140 Mead Corp. 974 26,960 Mercantile Bankshares Corp. 678 26,917 Republic Services Inc. "A"/(1)/ 1,659 26,876 Darden Restaurants Inc. 1,022 26,827 Sunoco Inc. 750 26,700 Boston Properties Inc. 696 26,538 Diebold Inc. 696 26,518 Kimco Realty Corp. 545 26,460 SCANA Corp. 1,028 26,091 Astoria Financial Corp. 440 26,074 Ashland Inc. 676 26,060 Northeast Utilities 1,390 26,035 CMS Energy Corp. 1,299 25,980 Vornado Realty Trust 649 25,765 Prologis Trust 1,217 25,679 Unisys Corp./(1)/ 2,964 25,668 Hilton Hotels Corp. 3,260 25,591 - -------------------------------------------------------------------------------- page 184 i|Shares iShares Russell Midcap Value Index Fund Schedule of Investments (Continued) September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------- AmerisourceBergen Corp./(1)/ 359 $ 25,471 VF Corp. 870 25,465 Hibernia Corp. "A" 1,553 25,392 LSI Logic Corp./(1)/ 2,147 25,227 Fidelity National Financial Inc. 933 25,088 SUPERVALU Inc. 1,236 25,004 Avery Dennison Corp. 527 24,932 National Semiconductor Corp./(1)/ 1,128 24,872 Goodyear Tire & Rubber Co. 1,348 24,844 Niagara Mohawk Holdings Inc./(1)/ 1,464 24,844 Legg Mason Inc. 623 24,770 Wisconsin Energy Corp. 1,086 24,435 AutoZone Inc./(1)/ 469 24,322 Alliant Energy Corp. 777 24,320 Cabot Corp. 609 24,299 Wendy's International Inc. 902 24,038 Coca-Cola Enterprises Inc. 1,565 24,007 Mylan Laboratories Inc. 733 23,910 Bard (C.R.) Inc. 465 23,906 Eaton Corp. 399 23,625 Hillenbrand Industries Inc. 437 23,585 SPX Corp./(1)/ 284 23,544 Knight Ridder Inc. 421 23,513 Allmerica Financial Corp. 517 23,187 NCR Corp./(1)/ 779 23,097 Energy East Corp. 1,147 23,066 Ross Stores Inc. 787 23,020 Sovereign Bancorp Inc. 2,420 22,990 Circuit City Stores Inc. 1,913 22,956 Commerce Bancshares Inc. 610 22,948 Valley National Bancorp 770 22,908 Brown-Forman Corp. "B" 361 22,808 Deluxe Corp. 657 22,693 Newmont Mining Corp. 960 22,656 Dana Corp. 1,448 22,589 Pactiv Corp./(1)/ 1,554 22,517 Rockwell International Corp. 1,530 22,460 Heller Financial Inc. "A" 424 22,374 Smurfit-Stone Container Corp./(1)/ 1,681 22,240 Dun & Bradstreet Corp./(1)/ 788 22,064 AutoNation Inc./(1)/ 2,508 22,045 Sonoco Products Co. 938 22,043 Golden State Bancorp Inc. 719 21,858 IBP Inc. 923 21,829 Westvaco Corp. 849 21,819 Associated Bancorp 642 21,757 International Flavors & Fragrances Inc. 784 21,709 Temple-Inland Inc. 457 21,703 Vishay Intertechnology Inc./(1)/ 1,177 21,657 NSTAR 516 21,620 Potomac Electric Power Co. 984 21,609 Trigon Healthcare Inc./(1)/ 328 21,484 First Virginia Banks Inc. 469 21,480 McCormick & Co. Inc. 467 21,389 Smithfield Foods Inc./(1)/ 1,016 21,387 Telephone & Data Systems Inc. 225 21,218 Phelps Dodge Corp. 770 21,175 iStar Financial Inc. 851 21,020 Avnet Inc. 1,152 20,955 ALLETE 816 20,922 Conseco Inc./(1)/ 2,880 20,909 Valero Energy Corp. 590 20,709 Liberty Property Trust 718 20,599 Conectiv Inc. 872 20,492 Pall Corp. 1,049 20,403 Arrow Electronics Inc./(1)/ 972 20,276 Bowater Inc. 460 20,249 Humana Inc./(1)/ 1,652 19,923 Centex Corp. 590 19,901 Venator Group Inc./(1)/ 1,297 19,779 Manpower Inc. 748 19,695 Health Care Property Investors Inc. 508 19,533 Hasbro Inc. 1,394 19,516 Park Place Entertainment Corp./(1)/ 2,632 19,293 Bemis Co. 484 19,287 Liz Claiborne Inc. 511 19,265 Black & Decker Corp. 605 18,876 Crescent Real Estate Equities Co. 874 18,747 Equitable Resources Inc. 624 18,726 American Power Conversion Corp./(1)/ 1,599 18,676 Brinker International Inc./(1)/ 789 18,636 Pacific Century Financial Corp. 795 18,579 ADC Telecommunications Inc./(1)/ 5,276 18,413 Goodrich (B.F.) Co. 944 18,389 Martin Marietta Materials Inc. 469 18,343 Intuit Inc./(1)/ 512 18,330 Triad Hospitals Inc./(1)/ 517 18,302 Puget Energy Inc. 849 18,245 Lennar Corp. 505 18,200 Ceridian Corp./(1)/ 1,255 18,197 Fulton Financial Corp. 813 18,171 FirstMerit Corp. 772 18,119 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 185 iSHares Russell MidCap Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------- Scripps (E.W.) Company 297 $ 18,090 National Fuel Gas Co. 780 17,963 Protective Life Corp. 612 17,748 General Growth Properties Inc. 509 17,698 Washington Post Company (The) "B" 34 17,673 Rockwell Collins 1,238 17,580 Hormel Foods Corp. 735 17,361 UnionBanCal Corporation 513 17,360 Lamar Advertising Co./(1)/ 572 17,343 Unitrin Inc. 452 17,275 Service Corp. International/(1)/ 2,858 17,205 Health Net Inc./(1)/ 895 17,202 CarrAmerica Realty Corp. 573 17,167 Transatlantic Holdings Inc. 203 17,145 NICOR Inc. 440 17,050 Readers Digest Association Inc. (The) "A" 927 17,048 BancWest Corporation 488 17,046 Noble Affiliates Inc. 550 17,045 AMB Property Corp. 692 16,954 Harris Corp. 528 16,801 OGE Energy Corp. 767 16,774 Valassis Communications Inc./(1)/ 521 16,625 Roslyn Bancorp Inc. 897 16,603 Visteon Corp. 1,280 16,320 Navistar International Corp./(1)/ 577 16,300 Apogent Technologies Inc./(1)/ 677 16,180 Sky Financial Group Inc. 809 16,099 Valspar Corp. 481 16,085 City National Corp. 372 16,052 Catellus Development Corp./(1)/ 915 15,994 Host Marriott Corp. 2,264 15,961 Kansas City Power & Light Co. 611 15,941 Webster Financial Corp. 480 15,821 Lear Corp./(1)/ 583 15,753 MONY Group Inc. 475 15,732 MDU Resources Group Inc. 671 15,681 Georgia-Pacific (Timber Group) 432 15,647 Lubrizol Corp. 495 15,642 Newport News Shipbuilding Inc. 232 15,590 Wilmington Trust Corp. 281 15,511 Omnicare Inc. 701 15,303 Old National Bancorp 586 15,236 Tech Data Corp./(1)/ 402 15,236 Westwood One Inc./(1)/ 683 15,197 Borders Group Inc./(1)/ 792 15,167 Outback Steakhouse Inc./(1)/ 592 15,161 Autoliv Inc. 960 15,110 Questar Corp. 747 15,074 Synovus Financial Corp. 546 15,070 Tektronix Inc./(1)/ 859 15,024 Energizer Holdings Inc./(1)/ 902 14,991 Vectren Corporation 668 14,957 Adelphia Communications Corp. "A"/(1)/ 671 14,896 Nordstrom Inc. 1,028 14,855 Bausch & Lomb Inc. 521 14,744 New Plan Excel Realty Trust 858 14,672 Hospitality Properties Trust 608 14,641 Applera Corp. - Celera Genomics Group/(1)/ 607 14,629 Autodesk Inc. 450 14,427 Arden Realty Inc. 563 14,396 Commerce Bancorp Inc. 211 14,348 Washington Federal Inc. 572 14,329 Barnes & Noble Inc./(1)/ 395 14,259 Mohawk Industries Inc./(1)/ 388 14,259 Staples Inc./(1)/ 1,067 14,212 Brunswick Corp. 862 14,197 Alberto-Culver Co. "B" 359 13,962 Boise Cascade Corp. 473 13,953 KEMET Corp./(1)/ 842 13,859 Pulte Corp. 451 13,823 Pioneer Natural Resources Co./(1)/ 966 13,746 Hubbell Inc. "B" 470 13,705 Citizen Communications Co./(1)/ 1,453 13,658 Charter Communications Inc./(1)/ 1,099 13,606 Rouse Co. 561 13,559 Cullen/Frost Bankers Inc. 501 13,502 GATX Corporation 400 13,456 Viad Corp. 697 13,368 MGM Grand Inc./(1)/ 590 13,263 Markel Corp./(1)/ 68 13,260 Atmel Corp./(1)/ 1,984 13,253 HCC Insurance Holdings Inc. 500 13,150 Plum Creek Timber Co. Inc. 492 13,141 Security Capital Group "B"/(1)/ 702 13,134 Pentair Inc. 425 13,077 IDACorp Inc. 364 13,017 Compuware Corp./(1)/ 1,553 12,936 Quantum DLT & Storage Group/(1)/ 1,584 12,925 HON Industries Inc. 585 12,847 Helmerich & Payne Inc. 492 12,841 OM Group Inc. 233 12,815 Constellation Brands Inc./(1)/ 307 12,790 - -------------------------------------------------------------------------------- Page 186 i|Shares iShares Russell MidCap Value Index Fund Schedule Of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------- Mack-Cali Realty Corp. 411 $ 12,741 American Tower Corp./(1)/ 917 12,737 Galileo International Inc. 612 12,705 SCI Systems Inc./(1)/ 703 12,654 Snap-On Inc. 564 12,594 Homestake Mining Company 1,349 12,546 Reynolds & Reynolds Co. "A" 537 12,512 Monsanto Company 368 12,413 Teleflex Inc. 330 12,339 Belo (A.H.) Corp. 769 12,335 PepsiAmericas Inc. 825 12,334 USX-U.S. Steel Group Inc. 873 12,205 Meredith Corp. 374 12,017 Lyondell Chemical Co. 1,042 11,931 Payless Shoesource Inc./(1)/ 216 11,837 Clayton Homes Inc. 961 11,724 D.R. Horton Inc. 562 11,723 Conexant Systems Inc./(1)/ 1,410 11,703 Openwave Systems Inc./(1)/ 915 11,666 Western Resources Inc. 695 11,502 Ocean Energy Inc. 691 11,263 Rite Aid Corp./(1)/ 1,455 11,233 Jacobs Engineering Group Inc./(1)/ 180 11,232 Henry Schein Inc./(1)/ 289 11,155 Precision Castparts Corp. 500 11,100 Crane Co. 505 11,070 FMC Corp./(1)/ 223 10,925 Cummins Engine Company Inc. 329 10,857 CNF Transportation Inc. 475 10,844 Leucadia National Corp. 347 10,826 Dow Jones & Co. Inc. 238 10,812 Tyson Foods Inc. "A" 1,079 10,812 Allied Capital Corp. 474 10,783 Massey Energy Co. 727 10,651 Six Flags Inc./(1)/ 848 10,371 BMC Software Inc./(1)/ 805 10,223 Reebok International Ltd./(1)/ 493 10,205 Lafarge Corp. 301 10,053 Coors (Adolf) Company "B" 222 9,990 Mercury General Corp. 251 9,965 ICN Pharmaceuticals Inc. 378 9,960 Hudson City Bancorp Inc. 415 9,919 Trustmark Corp. 443 9,914 Allegheny Technologies Inc. 737 9,824 Universal Health Services Inc. "B"/(1)/ 201 9,809 Mandalay Resort Group Inc./(1)/ 600 9,738 Polo Ralph Lauren Corp./(1)/ 518 9,713 Allied Waste Industries Inc./(1)/ 759 9,677 UAL Corp. 525 9,587 USA Networks Inc./(1)/ 533 9,583 McClatchy Co. (The) "A" 223 9,366 Crown Castle International Corp./(1)/ 1,031 9,279 American Financial Group Inc. 412 9,146 Steelcase Inc. 724 9,101 Gateway Inc./(1)/ 1,655 9,020 Entercom Communications Corp./(1)/ 259 8,806 E*trade Group Inc./(1)/ 1,452 8,785 Hercules Inc./(1)/ 1,063 8,770 Alleghany Corp./(1)/ 44 8,756 Nationwide Financial Services Inc. 235 8,737 Extended Stay America Inc./(1)/ 602 8,711 Big Lots Inc. 1,046 8,671 Ingram Micro Inc. "A"/(1)/ 671 8,656 Louis Dreyfus Natural Gas Corp./(1)/ 220 8,558 Reliant Resources Inc./(1)/ 527 8,537 Winn-Dixie Stores Inc. 741 8,484 Neiman-Marcus Group Inc. "A"/(1)/ 345 8,435 Ethan Allen Interiors Inc. 303 8,332 Great Lakes Chemical Corp. 377 8,332 3Com Corp./(1)/ 2,173 8,149 Enterasys Networks Inc./(1)/ 1,259 8,121 Harte-Hanks Inc. 375 8,115 American National Insurance Co. 100 8,100 EOG Resources Inc. 279 8,071 Quintiles Transnational Corp./(1)/ 551 8,045 Pogo Producing Co. 339 7,967 Continental Airlines Inc. "B"/(1)/ 531 7,965 AK Steel Holding Corp. 937 7,918 Jones Apparel Group Inc./(1)/ 304 7,749 AVX Corp. 476 7,745 Advanced Micro Devices Inc./(1)/ 950 7,742 Interpublic Group of Companies Inc. 372 7,589 Storage Technology Corp./(1)/ 596 7,480 Erie Indemnity Co. "A" 188 7,435 Radio One Inc. "D"/(1)/ 642 7,409 Moody's Corp. 199 7,363 Cablevision Systems Corporation-Rainbow Media Group/(1)/ 362 7,330 Tidewater Inc. 274 7,313 Provident Financial Group Inc. 287 7,247 Network Associates Inc./(1)/ 561 7,231 Weatherford International Inc./(1)/ 283 7,219 - -------------------------------------------------------------------------------- iShares Schedules of Investments page 187 iShares Russell MidCap Value Index Fund Schedule of Investments (continued) September 30, 2001 (Unaudited) Security Shares Value - -------------------------------------------------------------- COMMON STOCKS (continued) - -------------------------------------------------------------- WorldCom Inc. - MCI Group 468 $ 7,128 Black Hills Corp. 233 7,111 Neuberger Berman Inc. 202 7,046 St. Joe Company (The) 268 6,928 Solutia Inc. 556 6,894 Acxiom Corp./(1)/ 733 6,890 International Speedway Corp. "A" 197 6,862 Insight Communications Co. Inc./(1)/ 372 6,845 Packaging Corporation of America/(1)/ 442 6,829 Dentsply International Inc. 145 6,661 Hispanic Broadcasting Corp./(1)/ 412 6,633 Cypress Semiconductor Corp./(1)/ 443 6,583 Danaher Corp. 139 6,558 Callaway Golf Co. 512 6,554 CNA Financial Corp./(1)/ 231 6,246 Maytag Corp. 249 6,135 Level 3 Communications Inc./(1)/ 1,613 6,097 Advanced Fibre Communications Inc./(1)/ 417 6,092 UTStarcom Inc./(1)/ 373 6,061 WebMD Corp./(1)/ 1,412 6,015 Pride International Inc./(1)/ 571 5,938 Saks Inc./(1)/ 1,184 5,920 EarthLink Inc./(1)/ 387 5,894 Beckman Coulter Inc. 133 5,885 Reinsurance Group of America Inc. 171 5,833 21st Century Insurance Group 310 5,456 United Rentals Inc./(1)/ 314 5,445 Iron Mountain Inc./(1)/ 131 5,430 Williams Communications Group Inc./(1)/ 4,532 5,348 People's Bank 239 5,306 Grant Prideco Inc./(1)/ 862 5,250 Blockbuster Inc. 237 5,190 NTL Inc./(1)/ 1,662 5,152 United States Cellular Corp./(1)/ 102 5,049 Diamond Offshore Drilling Inc. 200 5,044 Estee Lauder Companies Inc. "A" 149 4,939 Maxtor Corp./(1)/ 1,381 4,930 DaVita Inc./(1)/ 241 4,904 St. Jude Medical Inc./(1)/ 70 4,792 Vignette Corp./(1)/ 1,333 4,719 Agere Systems Inc./(1)/ 1,141 4,712 PanAmSat Corp./(1)/ 202 4,711 Noble Drilling Corp./(1)/ 181 4,344 KPMG Consulting Inc./(1)/ 400 4,324 Liberty Financial Companies Inc. 136 4,318 ENSCO International Inc. 287 4,196 Pepsi Bottling Group Inc. 90 4,146 Hollinger International Inc. 393 4,127 Emmis Communications Corp./(1)/ 285 4,110 Wesco Financial Corp. 14 4,061 Medicis Pharmaceutical Corp. "A"/(1)/ 80 3,998 Metro-Goldwyn-Mayer Inc./(1)/ 229 3,882 TeleCorp PCS Inc./(1)/ 340 3,757 Ecolab Inc. 100 3,633 Murphy Oil Corp. 50 3,618 Global Marine Inc./(1)/ 254 3,556 Global Industries Ltd./(1)/ 625 3,406 Mediacom Communications Corp./(1)/ 260 3,388 Amkor Technology Inc./(1)/ 306 3,219 Arch Coal Inc. 206 3,214 Forest Oil Corp./(1)/ 122 3,026 Weis Markets Inc. 108 3,002 Hearst-Argyle Television Inc./(1)/ 163 2,852 RSA Security Inc./(1)/ 211 2,840 SanDisk Corp./(1)/ 287 2,830 Northwest Airlines Corp. "A"/(1)/ 241 2,750 CNET Networks Inc./(1)/ 622 2,675 John Nuveen Co. "A" 60 2,654 Aquila Inc./(1)/ 121 2,638 Sepracor Inc./(1)/ 73 2,621 Varco International Inc./(1)/ 214 2,585 Sycamore Networks Inc./(1)/ 741 2,579 CMGI Inc./(1)/ 2,540 2,540 Palm Inc./(1)/ 1,674 2,444 Knight Trading Group Inc./(1)/ 313 2,413 U.S. Airways Group Inc./(1)/ 506 2,353 American Standard Companies Inc./(1)/ 40 2,200 Rowan Companies Inc./(1)/ 173 2,142 Cephalon Inc./(1)/ 40 1,995 Riverstone Networks Inc./(1)/ 372 1,951 Tootsie Roll Industries Inc. 51 1,951 Entravision Communications Corp./(1)/ 223 1,907 TD Waterhouse Group Inc./(1)/ 307 1,885 Quanta Services Inc./(1)/ 131 1,867 DST Systems Inc./(1)/ 43 1,860 Instinet Group Inc./(1)/ 187 1,831 SkyWest Inc. 108 1,806 Nextel Partners Inc. "A"/(1)/ 261 1,757 Ticketmaster Online-CitySearch Inc. "B"/(1)/ 159 1,646 Sealed Air Corp./(1)/ 44 1,606 Peabody Energy Corp. 65 1,567 Metromedia Fiber Network Inc. "A"/(1)/ 4,263 1,449 - -------------------------------------------------------------------------------- page 188 i|Shares iShares Russell MidCap Value Index Fund Schedule Of Investments (continued) September 30, 2001 (Unaudited) Shares or Security Principal Value - ---------------------------------------------------------------- COMMON STOCKS (continued) - ---------------------------------------------------------------- Cerner Corp./(1)/ 28 $ 1,386 Certegy Inc./(1)/ 51 1,324 NRG Energy Inc./(1)/ 80 1,297 Sybase Inc./(1)/ 131 1,218 Integrated Device Technology Inc./(1)/ 53 1,066 Newfield Exploration Co./(1)/ 36 1,051 Vitesse Semiconductor Corp./(1)/ 124 961 Valhi Inc. 60 798 Aviron/(1)/ 26 647 TIBCO Software Inc./(1)/ 76 558 Allegiance Telecom Inc./(1)/ 163 491 Global Power Equipment Group Inc./(1)/ 30 456 Talbots Inc. (The) 20 449 DoubleClick Inc./(1)/ 71 405 - ---------------------------------------------------------------- TOTAL COMMON STOCKS (Cost: $15,720,218) 13,953,417 - ---------------------------------------------------------------- REPURCHASE AGREEMENT - 0.09% - ---------------------------------------------------------------- Investors Bank & Trust Tri-Party Repurchase Agreement, dated 09/28/01, due 10/01/01, with a maturity value of $12,434 and an effective yield of 2.90%. $12,431 12,431 - ---------------------------------------------------------------- TOTAL REPURCHASE AGREEMENT (Cost: $12,431) 12,431 - ---------------------------------------------------------------- TOTAL INVESTMENTS IN SECURITIES -- 99.82% (Cost $15,732,649) 13,965,848 - ---------------------------------------------------------------- Other Assets, Less Liabilities -- 0.18% 25,037 - ---------------------------------------------------------------- NET ASSETS -- 100.00% $13,990,885 ================================================================ /(1)/ Non-income earning securities. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Schedules of Investments page 189 iShares Trust Statements of Assets and Liabilities September 30, 2001 (Unaudited)
iShares Russell ------------------------------------------------------- 3000 3000 Growth 3000 Value 2000 Index Fund Index Fund Index Fund Index Fund - ------------------------------------------------------------------------------------------------------------------------- ASSETS Investments at cost $ 952,896,611 $27,727,412 $36,866,862 $2,005,695,566 ------------------------------------------------------- Investments in securities, at market value (Note 1)/(1)/ $ 791,649,585 $19,438,500 $34,084,054 $1,660,227,921 Cash 24 - - 1,681 Receivables: Investment securities sold 716,974 650 77,335 372,483 Dividends and interest 798,009 16,195 59,413 2,347,434 iShares sold 242,069 - - 77,800 ------------------------------------------------------- Total Assets 793,406,661 19,455,345 34,220,802 1,663,027,319 ------------------------------------------------------- LIABILITIES Payables: Investment securities purchased 700,085 - 76,727 - Collateral for securities on loan (Note 5) 27,857,591 1,710,168 762,641 149,611,523 iShares redeemed - - - 190,008 Advisory fees (Note 2) 193,579 7,955 14,377 507,486 ------------------------------------------------------- Total Liabilities 28,751,255 1,718,123 853,745 150,309,017 ------------------------------------------------------- NET ASSETS $ 764,655,406 $17,737,222 $33,367,057 $1,512,718,302 ======================================================= Net assets consist of: Paid-in capital $ 922,804,557 $29,598,326 $35,990,007 $1,837,449,780 Undistributed net investment income 2,355,631 29,060 190,309 5,537,200 Undistributed net realized gain (loss) 742,244 (3,601,252) (30,451) 15,198,967 Net unrealized depreciation (161,247,026) (8,288,912) (2,782,808) (345,467,645) ------------------------------------------------------- NET ASSETS $ 764,655,406 $17,737,222 $33,367,057 $1,512,718,302 ======================================================= iShares outstanding 13,350,000 500,000 500,000 18,700,000 ======================================================= Net asset value per iShare $ 57.28 $ 35.47 $ 66.73 $ 80.89 =======================================================
- -------------------------------------------------------------------------------- /(1)/ Includes securities on loan with market values of $26,402,690, $1,655,327, $719,048 and $139,347,240, respectively. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- page 190 i|Shares iShares Trust Statements of Assets and Liabilities (continued) September 30, 2001 (Unaudited)
iShares Russell ------------------------------------------------------ 2000 Growth 2000 Value 1000 1000 Growth Index Fund Index Fund Index Fund Index Fund - -------------------------------------------------------------------------------------------------------------------------- ASSETS Investments at cost $367,745,996 $581,709,593 $290,559,680 $482,412,942 ------------------------------------------------------ Investments in securities, at market value (Note 1)/(1)/ $286,308,569 $535,979,810 $226,517,906 $387,738,405 Cash - 298 - - Receivables: Investment securities sold 138,742 - 269,179 - Dividends and interest 144,590 1,174,187 273,681 338,308 ------------------------------------------------------ Total Assets 286,591,901 537,154,295 227,060,766 388,076,713 ------------------------------------------------------ LIABILITIES Payables: Investment securities purchased - - 267,182 - Collateral for securities on loan (Note 5) 26,039,450 32,760,393 7,138,918 20,779,830 Advisory fees (Note 2) 121,757 214,165 52,527 131,381 ------------------------------------------------------ Total Liabilities 26,161,207 32,974,558 7,458,627 20,911,211 ------------------------------------------------------ NET ASSETS $260,430,694 $504,179,737 $219,602,139 $367,165,502 ====================================================== Net assets consist of: Paid-in capital $358,453,002 $534,415,092 $286,508,644 $499,106,799 Undistributed net investment income 195,743 3,360,186 887,685 644,348 Undistributed net realized gain (loss) (16,780,624) 12,134,242 (3,752,416) (37,911,108) Net unrealized depreciation (81,437,427) (45,729,783) (64,041,774) (94,674,537) ------------------------------------------------------ NET ASSETS $260,430,694 $504,179,737 $219,602,139 $367,165,502 ====================================================== iShares outstanding 5,650,000 4,500,000 4,000,000 8,250,000 ====================================================== Net asset value per iShare $ 46.09 $ 112.04 $ 54.90 $ 44.50 ======================================================
- -------------------------------------------------------------------------------- /(1)/ Includes securities on loan with market values of $24,116,974, $30,980,342, $6,777,797 and $19,959,500, respectively. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Statements page 191 iShares Trust Statements of Assets and Liabilities (continued) September 30, 2001 (Unaudited)
iShares Russell ------------------------------------------------------ 1000 Value Midcap Midcap Growth Midcap Value Index Fund Index Fund Index Fund Index Fund - ---------------------------------------------------------------------------------------------------------------------------- ASSETS Investments at cost $481,225,459 $44,902,630 $14,581,135 $15,732,649 ------------------------------------------------------ Investments in securities, at market value (Note 1)/(1)/ $427,635,076 $38,148,899 $11,283,356 $13,965,848 Receivables: Investment securities sold 1,095,430 - - - Dividends and interest 719,900 56,957 3,949 31,099 ------------------------------------------------------ Total Assets 429,450,406 38,205,856 11,287,305 13,996,947 ------------------------------------------------------ LIABILITIES Payables: Investment securities purchased 1,087,373 - - - Collateral for securities on loan (Note 5) 15,158,936 2,999,543 - - Advisory fees (Note 2) 142,126 13,587 5,278 6,062 ------------------------------------------------------ Total Liabilities 16,388,435 3,013,130 5,278 6,062 ------------------------------------------------------ NET ASSETS $413,061,971 $35,192,726 $11,282,027 $13,990,885 ====================================================== Net assets consist of: Paid-in capital $466,026,050 $41,585,374 $14,617,987 $15,726,577 Undistributed net investment income 2,217,687 112,514 2,234 61,556 Undistributed net realized gain (loss) (1,591,383) 248,569 (40,415) (30,447) Net unrealized depreciation (53,590,383) (6,753,731) (3,297,779) (1,766,801) ------------------------------------------------------ NET ASSETS $413,061,971 $35,192,726 $11,282,027 $13,990,885 ====================================================== iShares outstanding 7,900,000 700,000 200,000 200,000 ====================================================== Net asset value per iShare $ 52.29 $ 50.28 $ 56.41 $ 69.95 ======================================================
- -------------------------------------------------------------------------------- /(1)/ Includes securities on loan with market values of $14,357,209, $2,881,318, $- and $-, respectively. See Note 5. See notes to financial statements. - -------------------------------------------------------------------------------- page 192 i|Shares iShares Trust Statements of Operations For the six months ended September 30, 2001 (Unaudited)
iShares Russell ----------------------------------------------------- 3000 3000 Growth 3000 Value 2000 Index Fund Index Fund Index Fund Index Fund - --------------------------------------------------------------------------------------------------------------------------------- NET INVESTMENT INCOME Dividends $ 3,950,786 $ 61,757 $ 339,965 $ 8,254,182 Interest 11,840 477 670 30,699 Securities lending income 32,460 1,292 929 248,361 ----------------------------------------------------- Total investment income 3,995,086 63,526 341,564 8,533,242 ----------------------------------------------------- EXPENSES (NOTE 2) Advisory fees 590,829 26,600 43,437 1,124,052 ----------------------------------------------------- Total expenses 590,829 26,600 43,437 1,124,052 ----------------------------------------------------- Net investment income 3,404,257 36,926 298,127 7,409,190 ----------------------------------------------------- NET REALIZED AND UNREALIZED GAIN (LOSS) Net realized gain (loss) from investments 1,888,726 (3,466,357) 76,033 23,592,106 Net change in unrealized appreciation (depreciation) on investments (81,896,848) 823,824 (2,846,019) (275,908,842) ----------------------------------------------------- Net realized and unrealized loss (80,008,122) (2,642,533) (2,769,986) (252,316,736) ----------------------------------------------------- NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS $(76,603,865) $(2,605,607) $(2,471,859) $(244,907,546) =====================================================
- -------------------------------------------------------------------------------- See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Statements page 193 iShares Trust Statements of Operations (continued) For the six months ended September 30, 2001 (Unaudited)
iShares Russell ------------------------------------------------------ 2000 Growth 2000 Value 1000 1000 Growth Index Fund Index Fund Index Fund Index Fund - ------------------------------------------------------------------------------------------------ NET INVESTMENT INCOME Dividends $ 475,756 $ 4,862,942 $ 1,583,342 $ 1,083,604 Interest 9,108 13,187 2,413 3,896 Securities lending income 70,468 41,706 10,763 17,564 ------------------------------------------------------- Total investment income 555,332 4,917,835 1,596,518 1,105,064 ------------------------------------------------------- EXPENSES (NOTE 2) Advisory fees 306,143 506,431 181,608 337,014 ------------------------------------------------------- Total expenses 306,143 506,431 181,608 337,014 ------------------------------------------------------- Net investment income 249,189 4,411,404 1,414,910 768,050 ------------------------------------------------------- NET REALIZED AND UNREALIZED GAIN (LOSS) Net realized gain (loss) from investments (14,235,111) 12,836,500 (2,247,487) (36,807,094) Net change in unrealized appreciation (depreciation) on investments (48,451,728) (55,231,689) (20,677,970) (43,035,538) ------------------------------------------------------- Net realized and unrealized loss (62,686,839) (42,395,189) (22,925,457) (79,842,632) ------------------------------------------------------- NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS $(62,437,650) $(37,983,785) $(21,510,547) $(79,074,582) =======================================================
- -------------------------------------------------------------------------------- See notes to financial statements. - -------------------------------------------------------------------------------- page 194 i|Shares iShares Trust Statements of Operations (continued) For the six months ended September 30, 2001 (Unaudited)
iShares Russell ------------------------------------------------------------------------ 1000 Value Midcap Midcap Growth Midcap Value Index Fund Index Fund/(1)/ Index Fund/(1)/ Index Fund/(1)/ - --------------------------------------------------------------------------------------------------------------- NET INVESTMENT INCOME Dividends $ 3,317,438 $ 125,451 $ 8,260 $ 68,399 Interest 6,483 703 46 74 Securities lending income 12,521 754 - - ------------------------------------------------------------------- Total investment income 3,336,442 126,908 8,306 68,473 ------------------------------------------------------------------- EXPENSES (NOTE 2) Advisory fees 341,005 14,394 6,072 6,917 ------------------------------------------------------------------- Total expenses 341,005 14,394 6,072 6,917 ------------------------------------------------------------------- Net investment income 2,995,437 112,514 2,234 61,556 ------------------------------------------------------------------- NET REALIZED AND UNREALIZED GAIN (LOSS) Net realized gain (loss) from investments (732,663) 248,569 (40,415) (30,447) Net change in unrealized appreciation (depreciation) on investments (43,775,264) (6,753,731) (3,297,779) (1,766,801) ------------------------------------------------------------------- Net realized and unrealized loss (44,507,927) (6,505,162) (3,338,194) (1,797,248) ------------------------------------------------------------------- NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS $(41,512,490) $(6,392,648) $(3,335,960) $(1,735,692) ========================================================================
- -------------------------------------------------------------------------------- /(1)/ For the period from July 17, 2001 (commencement of operations) to September 30, 2001. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Statements page 195 iShares Trust Statements of Changes in Net Assets
iShares Russell 3000 iShares Russell 3000 Index Fund Growth Index Fund --------------------------------- --------------------------------- For the period For the period For the six May 22, 2000 For the six July 24, 2000 months ended (Commencement months ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - -------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 3,404,257 $ 1,676,254 $ 36,926 $ 25,132 Net realized gain (loss) 1,888,726 (1,098,311) (3,466,357) (134,320) Net change in unrealized appreciation (depreciation) (81,896,848) (79,350,178) 823,824 (9,112,736) ----------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (76,603,865) (78,772,235) (2,605,607) (9,221,924) ----------------------------------------------------------------- Distributions to iShareholders: From net investment income (1,224,667) (1,485,754) (8,255) (24,738) From net realized gain - (62,630) - (580) ----------------------------------------------------------------- Total distributions to iShareholders (1,224,667) (1,548,384) (8,255) (25,318) ----------------------------------------------------------------- iShares Transactions: iShares sold 587,315,777 468,829,839 - 29,598,326 iShares redeemed (133,341,059) - - - ----------------------------------------------------------------- Net increase in net assets from iShares transactions 453,974,718 468,829,839 - 29,598,326 ----------------------------------------------------------------- Increase (decrease) in net assets 376,146,186 388,509,220 (2,613,862) 20,351,084 NET ASSETS: Beginning of period 388,509,220 - 20,351,084 - ----------------------------------------------------------------- End of period $764,655,406 $388,509,220 $ 17,737,222 $ 20,351,084 ================================================================= Undistributed net investment income included in net assets at end of period $ 2,355,631 $ 176,041 $ 29,060 $ 389 ================================================================= iSHARES ISSUED AND REDEEMED: iShares sold 9,250,000 6,100,000 - 500,000 iShares redeemed (2,000,000) - - - ----------------------------------------------------------------- Net increase in iShares outstanding 7,250,000 6,100,000 - 500,000 ================================================================= iShares Russell 3000 Value Index Fund ---------------------------------- For the period For the six July 24, 2000 months ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - ---------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 298,127 $ 262,996 Net realized gain (loss) 76,033 (85,834) Net change in unrealized appreciation (depreciation) (2,846,019) 63,211 ------------------------------ Net increase (decrease) in net assets resulting from operations (2,471,859) 240,373 ------------------------------ Distributions to iShareholders: From net investment income (131,283) (238,362) From net realized gain - (21,819) ------------------------------ Total distributions to iShareholders (131,283) (260,181) ------------------------------ iShares Transactions: iShares sold 3,754,573 32,235,434 iShares redeemed - - ------------------------------ Net increase in net assets from iShares transactions 3,754,573 32,235,434 ------------------------------ Increase (decrease) in net assets 1,151,431 32,215,626 NET ASSETS: Beginning of period 32,215,626 - ------------------------------ End of period $ 33,367,057 $ 32,215,626 ============================== Undistributed net investment income included in net assets at end of period $ 190,309 $ 23,465 ============================== iSHARES ISSUED AND REDEEMED: iShares sold 50,000 450,000 iShares redeemed - - ------------------------------ Net increase in iShares outstanding 50,000 450,000 ==============================
- ------------------------------------------------------------------------ See notes to financial statements. - -------------------------------------------------------------------------------- page 196 iShares iShares Trust Statements of Changes in Net Assets (continued)
iShares Russell 2000 iShares Russell 2000 Index Fund Growth Index Fund --------------------------------- --------------------------------- For the Period For the Period For the Six May 22, 2000 For the Six July 24, 2000 months ended (Commencement months ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - -------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 7,409,190 $ 4,098,260 $ 249,189 $ 74,296 Net realized gain (loss) 23,592,106 32,124,626 (14,235,111) (1,259,134) Net change in unrealized appreciation (depreciation) (275,908,842) (69,558,803) (48,451,728) (32,985,699) ----------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (244,907,546) (33,335,917) (62,437,650) (34,170,537) ----------------------------------------------------------------- Distributions to iShareholders: From net investment income (2,557,947) (3,293,260) (67,072) (59,813) From net realized gain - (560,014) - (61,203) ----------------------------------------------------------------- Total distributions to iShareholders (2,557,947) (3,853,274) (67,072) (121,016) ----------------------------------------------------------------- iShares Transactions: iShares sold 1,397,751,192 914,187,530 167,676,922 195,422,879 iShares redeemed (351,506,731) (163,059,005) - (5,872,832) ----------------------------------------------------------------- Net increase in net assets from iShares transactions 1,046,244,461 751,128,525 167,676,922 189,550,047 ----------------------------------------------------------------- Increase in net assets 798,778,968 713,939,334 105,172,200 155,258,494 NET ASSETS: Beginning of period 713,939,334 - 155,258,494 - ----------------------------------------------------------------- End of period $1,512,718,302 $ 713,939,334 $260,430,694 $155,258,494 ================================================================= Undistributed net investment income included in net assets at end of period $ 5,537,200 $ 685,957 $ 195,743 $ 13,626 ================================================================= iSHARES ISSUED AND REDEEMED: iShares sold 14,450,000 9,650,000 2,800,000 2,950,000 iShares redeemed (3,700,000) (1,700,000) - (100,000) ----------------------------------------------------------------- Net increase in iShares outstanding 10,750,000 7,950,000 2,800,000 2,850,000 ================================================================= iShares Russell 2000 Value Index Fund --------------------------------- For the Period For the Six July 24, 2000 months ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - --------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 4,411,404 $ 2,067,018 Net realized gain (loss) 12,836,500 5,459,417 Net change in unrealized appreciation (depreciation) (55,231,689) 9,501,906 ------------------------------ Net increase (decrease) in net assets resulting from operations (37,983,785) 17,028,341 ------------------------------ Distributions to iShareholders: From net investment income (1,497,806) (1,582,249) From net realized gain - (31,344) ------------------------------ Total distributions to iShareholders (1,497,806) (1,613,593) ------------------------------ iShares Transactions: iShares sold 282,195,653 282,606,517 iShares redeemed (12,297,656) (24,257,934) ------------------------------ Net increase in net assets from iShares transactions 269,897,997 258,348,583 ------------------------------ Increase in net assets 230,416,406 273,763,331 NET ASSETS: Beginning of period 273,763,331 - ------------------------------ End of period $504,179,737 $273,763,331 ============================== Undistributed net investment income included in net assets at end of period $ 3,360,186 $ 446,588 ============================== iSHARES ISSUED AND REDEEMED: iShares sold 2,250,000 2,550,000 iShares redeemed (100,000) (200,000) ------------------------------ Net increase in iShares outstanding 2,150,000 2,350,000 ==============================
- -------------------------------------------------------------------------------- See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Statements page 197 iShares Trust Statements of Changes in Net Assets (continued)
IShares Russell 1000 iShares Russell 1000 Index Fund Growth Index Fund --------------------------------- --------------------------------- For the Period For the Period For the Six May 15, 2000 For the Six May 22, 2000 months ended (Commencement months ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - -------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 1,414,910 $ 2,180,181 $ 768,050 $ 184,289 Net realized gain (loss) (2,247,487) 45,380 (36,807,094) (951,935) Net change in unrealized appreciation (depreciation) (20,677,970) (43,363,804) (43,035,538) (51,638,999) ----------------------------------------------------------------- Net increase (decrease) in net assets resulting from operations (21,510,547) (41,138,243) (79,074,582) (52,406,645) ----------------------------------------------------------------- Distributions to iShareholders: From net investment income (619,863) (2,081,133) (130,052) (177,939) From net realized gain - (4,709) - (152,079) ----------------------------------------------------------------- Total distributions to iShareholders (619,863) (2,085,842) (130,052) (330,018) ----------------------------------------------------------------- iShares Transactions: iShares sold 81,913,408 274,084,836 294,834,592 261,814,210 iShares redeemed (47,904,202) (23,137,408) (57,542,003) - ----------------------------------------------------------------- Net increase in net assets from iShares transactions 34,009,206 250,947,428 237,292,589 261,814,210 ----------------------------------------------------------------- Increase in net assets 11,878,796 207,723,343 158,087,955 209,077,547 NET ASSETS: Beginning of period 207,723,343 - 209,077,547 - ----------------------------------------------------------------- End of period $219,602,139 $207,723,343 $367,165,502 $209,077,547 ================================================================= Undistributed net investment income included in net assets at end of period $ 887,685 $ 92,638 $ 644,348 $ 6,350 ================================================================= iSHARES ISSUED AND REDEEMED: iShares sold 1,350,000 3,700,000 5,300,000 4,100,000 iShares redeemed (750,000) (300,000) (1,150,000) - ----------------------------------------------------------------- Net increase in iShares outstanding 600,000 3,400,000 4,150,000 4,100,000 ================================================================= iShares Russell 1000 Value Index Fund --------------------------------- For the Period For the Six May 22, 2000 months ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - --------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 2,995,437 $ 1,419,312 Net realized gain (loss) (732,663) 10,244,219 Net change in unrealized appreciation (depreciation) (43,775,264) (9,815,119) ------------------------------ Net increase (decrease) in net assets resulting from operations (41,512,490) 1,848,412 ------------------------------ Distributions to iShareholders: From net investment income (897,403) (1,295,030) From net realized gain - - ------------------------------ Total distributions to iShareholders (897,403) (1,295,030) ------------------------------ iShares Transactions: iShares sold 296,913,179 281,586,524 iShares redeemed (32,446,422) (91,134,799) ------------------------------ Net increase in net assets from iShares transactions 264,466,757 190,451,725 ------------------------------ Increase in net assets 222,056,864 191,005,107 NET ASSETS: Beginning of period 191,005,107 - ------------------------------ End of period $413,061,971 $191,005,107 ============================== Undistributed net investment income included in net assets at end of period $ 2,217,687 $ 119,653 ============================== iSHARES ISSUED AND REDEEMED: iShares sold 5,050,000 4,950,000 iShares redeemed (550,000) (1,550,000) ------------------------------ Net increase in iShares outstanding 4,500,000 3,400,000 ==============================
- -------------------------------------------------------------------------------- See notes to financial statements. - -------------------------------------------------------------------------------- page 198 i|Shares iShares Trust Statements of Changes in Net Assets (continued)
iShares Russell Midcap iShares Russell Midcap iShares Russell Midcap Index Fund Growth Index Fund Value Index Fund ---------------------- ---------------------- ---------------------- For the Period For the Period For the Period July 17, 2001 July 17, 2001 July 17, 2001 (Commencement (Commencement (Commencement of operations) to of operations) to of operations) to Sept. 30, 2001 Sept. 30, 2001 Sept. 30, 2001 (Unaudited) (Unaudited) (Unaudited) - ---------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS Operations: Net investment income $ 112,514 $ 2,234 $ 61,556 Net realized gain (loss) 248,569 (40,415) (30,447) Net change in unrealized appreciation (depreciation) (6,753,731) (3,297,779) (1,766,801) ---------------------------------------------------------------- Net decrease in net assets resulting from operations (6,392,648) (3,335,960) (1,735,692) ---------------------------------------------------------------- iShares Transactions: iShares sold 50,379,381 14,617,987 15,726,577 iShares redeemed (8,794,007) - - ---------------------------------------------------------------- Net increase in net assets from iShares transactions 41,585,374 14,617,987 15,726,577 ---------------------------------------------------------------- Increase in net assets 35,192,726 11,282,027 13,990,885 NET ASSETS: Beginning of period - - - ---------------------------------------------------------------- End of period $35,192,726 $11,282,027 $13,990,885 ================================================================ Undistributed net investment income included in net assets at end of period $ 112,514 $ 2,234 $ 61,556 ================================================================ iSHARES ISSUED AND REDEEMED: iShares sold 850,000 200,000 200,000 iShares redeemed (150,000) - - ---------------------------------------------------------------- Net increase in iShares outstanding 700,000 200,000 200,000 ================================================================
- -------------------------------------------------------------------------------- See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Statements page 199 iShares Trust Financial Highlights (For a share outstanding throughout each period)
iShares Russell 3000 iShares Russell 3000 Index Fund Growth Index Fund ----------------------------------- ----------------------------------- Period from Period from Six months May 22, 2000 Six months July 24, 2000 ended (Commencement ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - ---------------------------------------------------------------------------------------------------------------------- Net asset value, beginning of period $ 63.69 $ 76.23 $ 40.70 $ 68.63 --------------------------------------------------------------------- Income from investment operations: Net investment income 0.29 0.51 0.08 0.06 Net realized and unrealized gain (loss) (6.56) (12.56) (5.29) (27.93) --------------------------------------------------------------------- Total from investment operations (6.27) (12.05) (5.21) (27.87) --------------------------------------------------------------------- Less distributions from: Net investment income (0.14) (0.48) (0.02) (0.06) Net realized gain - (0.01) - (0.00)/(3)/ --------------------------------------------------------------------- Total distributions (0.14) (0.49) (0.02) (0.06) --------------------------------------------------------------------- Net asset value, end of period $ 57.28 $ 63.69 $ 35.47 $ 40.70 ===================================================================== Total return (not annualized) (9.88)% (15.90)% (12.82)% (40.62)% ===================================================================== Ratios/supplemental data: Net assets, end of period (000s) $764,655 $388,509 $17,737 $20,351 Ratio of expenses to average net assets/(1)/ 0.20% 0.20% 0.25% 0.25% Ratio of net investment income to average net assets/(1)/ 1.15% 1.09% 0.35% 0.20% Portfolio turnover rate/(2)/ 5% 3% 22% 3% - ---------------------------------------------------------------------------------------------------------------------- iShares Russell 3000 Value Index Fund ----------------------------------- Period from Six months July 24, 2000 ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - ----------------------------------------------------------------------------- Net asset value, beginning of period $ 71.59 $ 69.91 ------------------------------ Income from investment operations: Net investment income 0.62 0.83 Net realized and unrealized gain (loss) (5.19) 1.71 ------------------------------ Total from investment operations (4.57) 2.54 ------------------------------ Less distributions from: Net investment income (0.29) (0.77) Net realized gain - (0.09) ------------------------------ Total distributions (0.29) (0.86) ------------------------------ Net asset value, end of period $ 66.73 $ 71.59 ============================== Total return (not annualized) (6.43)% 3.60% ============================== Ratios/supplemental data: Net assets, end of period (000s) $33,367 $32,216 Ratio of expenses to average net assets/(1)/ 0.25% 0.25% Ratio of net investment income to average net assets/(1)/ 1.72% 1.67% Portfolio turnover rate/(2)/ 15% 4% - --------------------------------------------------------------------------------
/(1)/ Annualized for periods of less than one year. /(2)/ Excludes portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. /(3)/ Rounds to less than $0.01. See notes to financial statements. - -------------------------------------------------------------------------------- page 200 i|Shares iShares Trust Financial Highlights (continued) (For a share outstanding throughout each period)
iShares Russell 2000 iShares Russell 2000 Index Fund Growth Index Fund ----------------------------------- ----------------------------------- Period from Period from Six months May 22, 2000 Six months July 24, 2000 ended (Commencement ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - ---------------------------------------------------------------------------------------------------------------------- Net asset value, beginning of period $ 89.80 $ 94.33 $ 54.48 $ 81.36 --------------------------------------------------------------------- Income from investment operations: Net investment income 0.49 0.98 0.05 0.05 Net realized and unrealized gain (loss) (9.12) (4.47) (8.42) (26.85) --------------------------------------------------------------------- Total from investment operations (8.63) (3.49) (8.37) (26.80) --------------------------------------------------------------------- Less distributions from: Net investment income (0.28) (0.88) (0.02) (0.04) Net realized gain - (0.16) - (0.04) --------------------------------------------------------------------- Total distributions (0.28) (1.04) (0.02) (0.08) --------------------------------------------------------------------- Net asset value, end of period $ 80.89 $ 89.80 $ 46.09 $ 54.48 ===================================================================== Total return (not annualized) (9.68)% (3.77)% (15.37)% (32.96)% ===================================================================== Ratios/supplemental data: Net assets, end of period (000s) $1,512,718 $713,939 $260,431 $155,258 Ratio of expenses to average net assets/(1)/ 0.20% 0.20% 0.25% 0.25% Ratio of net investment income to average net assets/(1)/ 1.32% 1.39% 0.20% 0.14% Portfolio turnover rate/(2)/ 19% 39% 28% 9% - ----------------------------------------------------------------------------------------------------------------- iShares Russell 2000 Value Index Fund ----------------------------------- Period from Six months July 24, 2000 ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - ----------------------------------------------------------------------------- Net asset value, beginning of period $ 116.50 $ 103.35 ------------------------------ Income from investment operations: Net investment income 1.09 1.49 Net realized and unrealized gain (loss) (5.02) 12.97 ------------------------------ Total from investment operations (3.93) 14.46 ------------------------------ Less distributions from: Net investment income (0.53) (1.28) Net realized gain - (0.03) ------------------------------ Total distributions (0.53) (1.31) ------------------------------ Net asset value, end of period $ 112.04 $ 116.50 ============================== Total return (not annualized) (3.42)% 14.05% ============================== Ratios/supplemental data: Net assets, end of period (000s) $504,180 $273,763 Ratio of expenses to average net assets/(1)/ 0.25% 0.25% Ratio of net investment income to average net assets/(1)/ 2.17% 2.40% Portfolio turnover rate/(2)/ 22% 9% - --------------------------------------------------------------------------------
/(1)/ Annualized for periods of less than one year. /(2)/ Excludes portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Highlights page 201 iShares Trust Financial Highlights (continued) (For a share outstanding throughout each period)
iShares Russell 1000 iShares Russell 1000 Index Fund Growth Index Fund ----------------------------------- ----------------------------------- Period from Period from Six months May 15, 2000 Six months May 22, 2000 ended (Commencement ended (Commencement Sept. 30, 2001 of operations) to Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 (Unaudited) March 31, 2001 - ---------------------------------------------------------------------------------------------------------------------- Net asset value, beginning of period $ 61.10 $ 76.78 $ 50.99 $ 79.30 --------------------------------------------------------------------- Income from investment operations: Net investment income 0.35 0.64 0.10 0.14 Net realized and unrealized gain (loss) (6.39) (15.71) (6.57) (28.20) --------------------------------------------------------------------- Total from investment operations (6.04) (15.07) (6.47) (28.06) --------------------------------------------------------------------- Less distributions from: Net investment income (0.16) (0.61) (0.02) (0.14) Net realized gain - (0.00)(3) - (0.11) --------------------------------------------------------------------- Total distributions (0.16) (0.61) (0.02) (0.25) --------------------------------------------------------------------- Net asset value, end of period $ 54.90 $ 61.10 $ 44.50 $ 50.99 ===================================================================== Total return (not annualized) (9.94)% (19.75)% (12.70)% (35.47)% ===================================================================== Ratios/supplemental data: Net assets, end of period (000s) $219,602 $207,723 $367,166 $209,078 Ratio of expenses to average net assets/(1)/ 0.15% 0.15% 0.20% 0.20% Ratio of net investment income to average net assets/(1)/ 1.17% 1.01% 0.45% 0.26% Portfolio turnover rate/(2)/ 7% 9% 24% 11% - ---------------------------------------------------------------------------------------------------------------------- iShares Russell 1000 Value Index Fund ----------------------------------- Period from Six months May 22, 2000 ended (Commencement Sept. 30, 2001 of operations) to (Unaudited) March 31, 2001 - ----------------------------------------------------------------------------- Net asset value, beginning of period $ 56.18 $ 56.10 ------------------------------ Income from investment operations: Net investment income 0.42 0.66 Net realized and unrealized gain (loss) (4.14) 0.04 ------------------------------ Total from investment operations (3.72) 0.70 ------------------------------ Less distributions from: Net investment income (0.17) (0.62) Net realized gain - - ------------------------------ Total distributions (0.17) (0.62) ------------------------------ Net asset value, end of period $ 52.29 $ 56.18 ============================== Total return (not annualized) (6.66)% 1.22% ============================== Ratios/supplemental data: Net assets, end of period (000s) $413,062 $191,005 Ratio of expenses to average net assets/(1)/ 0.20% 0.20% Ratio of net investment income to average net assets/(1)/ 1.75% 1.64% Portfolio turnover rate/(2)/ 17% 9% - --------------------------------------------------------------------------------
/(1)/ Annualized for periods of less than one year. /(2)/ Excludes portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. /(3)/ Rounds to less than $0.01. See notes to financial statements. - -------------------------------------------------------------------------------- page 202 i|Shares iShares Trust Financial Highlights (continued) (for a share outstanding throughout each period)
iShares Russell Midcap iShares Russell Midcap iShares Russell Midcap Index Fund Growth Index Fund Value Index Fund ---------------------- ---------------------- ---------------------- Period from Period from Period from July 17, 2001 July 17, 2001 July 17, 2001 (Commencement (Commencement (Commencement of operations) of operations) of operations) to Sept. 30, 2001 to Sept. 30, 2001 to Sept. 30, 2001 (Unaudited) (Unaudited) (Unaudited) - ---------------------------------------------------------------------------------------------------------------------- Net asset value, beginning of period $ 59.55 $ 73.06 $ 78.86 -------------------------------------------------------------------------- Income from investment operations: Net investment income 0.16 0.01 0.31 Net realized and unrealized loss (9.43) (16.66) (9.22) -------------------------------------------------------------------------- Total from investment operations (9.27) (16.65) (8.91) -------------------------------------------------------------------------- Net asset value, end of period $ 50.28 $ 56.41 $ 69.95 ========================================================================== Total return (not annualized) (15.57)% (22.79)% (11.30)% ========================================================================== Ratios/Supplemental data: Net assets, end of period (000s) $35,193 $11,282 $13,991 Ratio of expenses to average net assets/(1)/ 0.20% 0.25% 0.25% Ratio of net investment income to average net assets/(1)/ 1.54% 0.09% 2.19% Portfolio turnover rate/(2)/ 2% 2% 2% - ----------------------------------------------------------------------------------------------------------------------
/(1)/ Annualized for periods of less than one year. /(2)/ Excludes portfolio securities received or delivered as a result of processing capital share transactions in Creation Units. See notes to financial statements. - -------------------------------------------------------------------------------- iShares Financial Highlights Page 203 iShares Trust Notes to the Financial Statements (Unaudited) 1. SIGNIFICANT ACCOUNTING POLICIES iShares Trust (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 was established as a Delaware business trust pursuant to an Agreement and Declaration of Trust dated December 16, 1999. As of September 30, 2001, the Trust offered over 40 investment portfolios or funds. The funds offered by the Trust, along with their respective exchange trading symbols are:
iShares S&P Series iShares Dow Jones Series iShares Russell Series - ------------------ ------------------------ ---------------------- . iShares S&P 100 Index Fund . iShares Dow Jones U.S. Total . iShares Russell 3000 Index (OEF) Market Index Fund (IYY) Fund (IWV) . iShares S&P 500 Index Fund . iShares Dow Jones U.S. Basic . iShares Russell 3000 Growth (IVV) Materials Sector Index Fund Index Fund (IWZ) . iShares S&P 500/BARRA Growth (IYM) . iShares Russell 3000 Value Index Fund (IVW) . iShares Dow Jones U.S. Index Fund (IWW) . iShares S&P 500/BARRA Value Consumer Cyclical Sector Index . iShares Russell 2000 Index Index Fund (IVE) Fund (IYC) Fund (IWM) . iShares S&P MidCap 400 Index . iShares Dow Jones U.S. . iShares Russell 2000 Growth Fund (IJH) Consumer Non-Cyclical Sector Index Fund (IWO) . iShares S&P MidCap 400/BARRA Index Fund (IYK) . iShares Russell 2000 Value Growth Index Fund (IJK) . iShares Dow Jones U.S. Energy Index Fund (IWN) . iShares S&P MidCap 400/BARRA Sector Index Fund (IYE) . iShares Russell 1000 Index Value Index Fund (IJJ) . iShares Dow Jones U.S. Fund (IWB) . iShares S&P SmallCap 600 Index Financial Sector Index Fund . iShares Russell 1000 Growth Fund (IJR) (IYF) Index Fund (IWF) . iShares S&P SmallCap 600/BARRA . iShares Dow Jones U.S. . iShares Russell 1000 Value Growth Index Fund (IJT) Healthcare Sector Index Fund Index Fund (IWD) . iShares S&P SmallCap 600/BARRA (IYH) . iShares Russell Midcap Index Value Index Fund (IJS) . iShares Dow Jones U.S. Fund (IWR) . iShares S&P Global 100 Index Industrial Sector Index Fund . iShares Russell Midcap Growth Fund (IOO) (IYJ) Index Fund (IWP) . iShares S&P Europe 350 Index . iShares Dow Jones U.S. . iShares Russell Midcap Value Fund (IEV) Technology Sector Index Fund Index Fund (IWS) . iShares S&P/TSE 60 Index Fund (IYW) (IKC) . iShares Dow Jones U.S. iShares Goldman Sachs Series ---------------------------- iShares Cohen & Steers Series Telecommunications Sector Index . iShares Goldman Sachs - ----------------------------- . iShares Cohen & Steers Realty Fund (IYZ) Technology Index Fund (IGM) Majors Index Fund (ICF) . iShares Dow Jones U.S. . iShares Goldman Sachs Utilities Sector Index Fund (IDU) Networking Index Fund (IGN) iShares Nasdaq Series . iShares Dow Jones U.S. . iShares Goldman Sachs - --------------------- . iShares Nasdaq Biotechnology Chemicals Index Fund (IYD) Semiconductor Index Fund (IGW) Index Fund (IBB) . iShares Dow Jones U.S. . iShares Goldman Sachs Software Financial Services Index Fund (IYG) Index Fund (IGV) iShares MSCI Series . iShares Dow Jones U.S. - ------------------- . iShares MSCI EAFE Index Fund Internet Index Fund (IYV) (EFA) . iShares Dow Jones U.S. Real Estate Index Fund (IYR)
The investment objective of each fund is to seek investment results that correspond generally to the price and yield performance, before fees and expenses, of its underlying index, as indicated in the name of each fund. The investment advisor uses a "passive" or index approach to try to achieve each fund's investment objective. - -------------------------------------------------------------------------------- page 204 i|Shares iShares Trust Notes to the Financial Statements (Unaudited) (continued) These financial statements relate only to the iShares Russell Index Funds (each a "Fund", collectively the "Funds"). Each of the Funds is classified as a diversified fund under the 1940 Act, except for the iShares Russell 1000 Growth Index Fund, which is classified as a non-diversified fund. Non-diversified funds generally hold stocks of fewer companies than diversified funds and may be more susceptible to the risks associated with these particular companies, or to a single economic, political or regulatory occurrence. The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") for investment companies. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions. Actual results could differ from those estimates. SECURITY VALUATION Equity securities are valued at the last sales price on the primary securities exchange or national securities market on which such securities are traded. Securities not listed on an exchange or national securities market, or securities for which there was no sale price, are valued at the latest quoted bid prices. U.S. Government obligations are valued at the latest quoted bid price. Debt securities maturing in 60 days or less are valued at amortized cost, which approximates market value. Mutual fund shares are valued at net asset value. Any securities, including restricted securities or other assets for which market quotations are not readily available, are valued at fair value as determined in good faith in accordance with policies approved by the Board of Trustees of the Trust. SECURITY TRANSACTIONS AND INCOME RECOGNITION Security transactions are accounted for on trade date. Dividend income is recognized on the ex-dividend date, and interest income is accrued daily. Realized gains and losses on investment transactions are determined using the specific identification method. DISTRIBUTIONS TO SHAREHOLDERS Distributions to shareholders from net investment income, if any, are declared and distributed at least annually by each Fund. Distributions of net realized capital gains, if any, generally are declared and distributed once a year. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. FEDERAL INCOME TAXES Each Fund is treated as a separate entity for federal income tax purposes. It is the policy of each Fund to qualify as a regulated investment company by complying with the provisions applicable to regulated investment companies, as defined under Subchapter M of the Internal Revenue Code of 1986, as amended, and to annually distribute substantially all of its net income and any net gains (taking into account any capital loss carryforwards) sufficient to relieve it from all, or substantially all, federal income and excise taxes. Accordingly, no provision for federal income taxes was required for the six months ended September 30, 2001. At March 31, 2001, the Funds' tax year end, the iShares Russell 1000 Value Index Fund had a tax basis net capital loss carryforward of $99,151. Such losses may be applied against any net realized taxable gains in each succeeding year or until their respective expiration date (March 31, 2009) whichever occurs first. For the six months ended September 30, 2001, certain Funds realized net capital gains or losses resulting from in.kind redemptions of large blocks of 50,000 iShares ("Creation Units"). Because such gains or losses are not taxable to the Funds, and are - -------------------------------------------------------------------------------- iShares Notes to the Financial Statements page 205 iShares Trust Notes to the Financial Statements (Unaudited) (continued) not distributed to existing Fund shareholders, the gains or losses are reclassed from accumulated net realized gains or losses to paid-in-capital at the end of the Funds' tax year end. The in-kind gains or losses for the six months ended September 30, 2001 were as follows: --------------------------------------- iShares Index Fund Amount --------------------------------------- Russell 3000 $13,010,043 Russell 3000 Value 183,524 Russell 2000 67,469,796 Russell 2000 Growth 7,816,480 Russell 2000 Value 14,620,778 Russell 1000 5,201,397 Russell 1000 Growth 2,171,436 Russell 1000 Value 4,992,234 Russell Midcap Value 680,190 --------------------------------------- REPURCHASE AGREEMENTS Each Fund may enter into repurchase agreements with banks and securities dealers. These transactions involve the purchase of securities with a simultaneous commitment to resell the securities to the bank or the dealer at an agreed-upon date and price. A repurchase agreement is accounted for as a loan by the Fund to the seller, collateralized by securities, which are delivered to the Funds' custodian or to an agent bank under a tri-party agreement. The securities are marked-to-market daily and additional securities are acquired as needed, to ensure that their value equals or exceeds the repurchase price plus accrued interest. The repurchase agreements held by each Fund at September 30, 2001 were fully collateralized by U.S. Government obligations with interest rates from 0.00% to 6.25%, maturity dates from 06/30/02 to 02/15/29 and aggregate market values as follows: --------------------------------------- Aggregate Market iShares Index Fund Value --------------------------------------- Russell 3000 $ 871,695 Russell 3000 Growth 7,442 Russell 3000 Value 9,800 Russell 2000 2,277,513 Russell 2000 Growth 131,573 Russell 2000 Value 317,316 Russell 1000 119,466 Russell 1000 Growth 187,667 Russell 1000 Value 205,617 Russell Midcap 43,113 Russell Midcap Growth 10,526 Russell Midcap Value 20,894 --------------------------------------- 2. AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES Pursuant to an Investment Advisory Agreement with the Trust, Barclays Global Fund Advisors ("BGFA") manages the investment of each Fund's assets. BGFA is a California corporation indirectly owned by Barclays Bank PLC. Under this agreement, BGFA is responsible for all expenses ("Covered Expenses") of the Trust, including the cost of transfer agency, custody, fund administration, legal, - -------------------------------------------------------------------------------- page 206 i|Shares iShares Trust Notes to the Financial Statements (Unaudited) (continued) audit and other services, except interest, taxes, brokerage commissions and other expenses connected with the executions of portfolio transactions, distribution fees and extraordinary expenses. Expenses related to the organization and initial registration of the Trust were borne by BGFA. For its investment management services to each Fund, BGFA is entitled to an annual advisory fee based on the average daily net assets of each Fund as follows: -------------------------------------- Advisory iShares Index Fund Fee -------------------------------------- Russell 3000 0.20% Russell 3000 Growth 0.25 Russell 3000 Value 0.25 Russell 2000 0.20 Russell 2000 Growth 0.25 Russell 2000 Value 0.25 Russell 1000 0.15 Russell 1000 Growth 0.20 Russell 1000 Value 0.20 Russell Midcap 0.20 Russell Midcap Growth 0.25 Russell Midcap Value 0.25 ------------------------------------- Investors Bank & Trust Company ("Investors Bank") serves as administrator, custodian, transfer agent and securities lending agent for the Funds. As compensation for its services, Investors Bank receives certain out-of-pocket costs, transaction fees, and asset-based fees, which are accrued daily and paid monthly. These fees are Covered Expenses as defined above. SEI Investments Distribution Company serves as each Fund's underwriter and distributor of the shares of each Fund, pursuant to a Distribution Agreement with the Trust. The distributor will deliver the Prospectus and Statement of Additional Information, if so requested, to persons purchasing Creation Units and will maintain records of both orders placed with it and confirmations of acceptance furnished by it. Barclays Global Investors Services ("BGIS"), a subsidiary of Barclays Global Investors, N.A., may serve as a broker-dealer for the Funds. For the six months ended September 30, 2001, BGIS received the following amounts in brokerage commissions related to the purchases and sales of portfolio investments: ------------------------------------- Commissions Paid To iShares Index Fund BGIS ------------------------------------- Russell 3000 $ 5,646 Russell 2000 1,793 Russell 2000 Growth 578 Russell 2000 Value 265 Russell 1000 4,821 Russell 1000 Growth 8,218 Russell 1000 Value 27,220 Russell Midcap 53 ------------------------------------- - -------------------------------------------------------------------------------- iShares Notes to the Financial Statements page 207 iShares Trust Notes to the Financial Statements (Unaudited) (continued) Pursuant to Rule 17a-7 of the 1940 Act, certain Funds executed cross trades for the six months ended September 30, 2001. Cross trading is the buying or selling of portfolio securities between funds to which BGFA serves as investment advisor. All transactions were in compliance with the requirements and restrictions set forth by Rule 17a-7. Certain of the officers of the Trust are also employees of Investors Bank. 3. INVESTMENT PORTFOLIO TRANSACTIONS Purchases and sales of investments (excluding in-kind transactions and short-term securities) for the six months ended September 30, 2001 were as follows: ------------------------------------------------------- iShares Index Fund Purchases Sales ------------------------------------------------------- Russell 3000 $ 35,482,099 $ 33,467,807 Russell 3000 Growth 4,805,373 4,773,932 Russell 3000 Value 5,284,141 5,189,620 Russell 2000 217,262,393 226,416,832 Russell 2000 Growth 68,664,687 73,180,122 Russell 2000 Value 89,887,935 93,294,688 Russell 1000 16,788,284 15,959,529 Russell 1000 Growth 81,423,623 80,801,600 Russell 1000 Value 58,916,894 57,384,046 Russell Midcap 538,181 456,576 Russell Midcap Growt 176,376 306,852 Russell Midcap Value 317,434 219,398 ------------------------------------------------------- In-kind transactions for the six months ended September 30, 2001 were as follows: ------------------------------------------------------- In-Kind In-Kind iShares Index Fund Purchases Sales ------------------------------------------------------- Russell 3000 $ 586,244,410 $133,184,851 Russell 3000 Value 4,826,386 996,794 Russell 2000 1,534,748,269 477,085,644 Russell 2000 Growth 208,832,229 36,550,264 Russell 2000 Value 365,737,102 89,812,101 Russell 1000 81,782,760 47,851,158 Russell 1000 Growth 294,563,246 57,507,307 Russell 1000 Value 305,167,677 40,549,361 Russell Midcap 50,317,320 8,785,753 Russell Midcap Growth 14,742,350 -- Russell Midcap Value 15,652,629 -- ------------------------------------------------------- - -------------------------------------------------------------------------------- page 208 i|Shares iShares Trust Notes to the Financial Statements (Unaudited) (continued) At September 30, 2001, the aggregate unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:
------------------------------------------------------------------------------ Net Tax Unrealized Unrealized Unrealized iShares Index Fund Cost Appreciation Depreciation Depreciation ------------------------------------------------------------------------------ Russell 3000 $ 952,896,611 $ 13,760,890 $(175,007,916) $(161,247,026) Russell 3000 Growth 27,727,412 467,945 (8,756,857) (8,288,912) Russell 3000 Value 36,866,862 2,084,495 (4,867,303) (2,782,808) Russell 2000 2,005,695,566 32,557,396 (378,025,041) (345,467,645) Russell 2000 Growth 367,745,996 9,551,634 (90,989,061) (81,437,427) Russell 2000 Value 581,709,593 23,269,951 (68,999,734) (45,729,783) Russell 1000 290,559,680 11,968,073 (76,009,847) (64,041,774) Russell 1000 Growth 482,412,942 4,782,643 (99,457,180) (94,674,537) Russell 1000 Value 481,225,459 8,915,745 (62,506,128) (53,590,383) Russell Midcap 44,902,630 556,243 (7,309,974) (6,753,731) Russell Midcap Growth 14,581,135 209,922 (3,507,701) (3,297,779) Russell Midcap Value 15,732,649 256,710 (2,023,511) (1,766,801) ------------------------------------------------------------------------------
4. iSHARES TRANSACTIONS At September 30, 2001, there were an unlimited number of no par value shares of beneficial interest ("iShares") authorized. iShares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, iShares are not redeemable. Transactions in iShares for each Fund are disclosed in the Statements of Changes in Net Assets. The consideration for purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a substantial replication, or a portfolio sampling representation, of the stocks involved in the relevant Fund's underlying index and an amount of cash. A purchase transaction fee and a redemption transaction fee are charged to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units of iShares. 5. LOANS OF PORTFOLIO SECURITIES Each Fund may lend its investment securities to approved borrowers such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received is required to have a value of at least 102% of the market value of the loaned securities for securities denominated in U.S. dollars and a value of at least 105% for all other securities. The collateral is maintained thereafter, at a value equal to at least 100% of the current market value of the securities on loan. The risks to the Funds of securities lending are that the borrower may not provide additional collateral when required or return the securities when due. - -------------------------------------------------------------------------------- iShares Notes to the Financial Statements page 209 209 iShares Trust Notes to the Financial Statements (Unaudited) (continued) As of September 30, 2001, the Funds had loaned securities which were collateralized by cash. The cash collateral received was invested in commercial paper and money market mutual funds. The market value of the securities on loan at September 30, 2001 and the value of the related collateral were as follows:
---------------------------------------------- Value of Value of iShares Index Fund Securities Collateral ---------------------------------------------- Russell 3000 $ 26,402,690 $ 27,857,591 Russell 3000 Growth 1,655,327 1,710,168 Russell 3000 Value 719,048 762,641 Russell 2000 139,347,240 149,611,523 Russell 2000 Growth 24,116,974 26,039,450 Russell 2000 Value 30,980,342 32,760,393 Russell 1000 6,777,797 7,138,918 Russell 1000 Growth 19,959,500 20,779,830 Russell 1000 Value 14,357,209 15,158,936 Russell Midcap 2,881,318 2,999,543 ----------------------------------------------
- -------------------------------------------------------------------------------- page 210 i|Shares [LETTERHEAD OF iSHARES] i|Shares 45 Fremont www.ishares.com - ------------------------- San Francisco, CA 1-800-iSHARES BARCLAYS GLOBAL INVESTORS 94105 1-800-474-2737 iShares are not sponsored, endorsed, issued, sold or promoted by Frank Russell iShares are distributed by SEI Company. Nor does this company Investments Distribution Co. make any representation regarding Barclays Global Fund Advisors the advisability of investing in serves as an advisor to iShares iShares. and is a subsidiary of Barclays Global Investors, N.A., neither of (C)2001 Barclays Global Investors. which is affiliated with SEI. All rights reserved. iShares is a registered trademark of Barclays This report is intended for the Global Investors, N.A. All other Funds' shareholders. It may not be Not FDIC insured IBT serves as administrator, trademarks, servicemarks, or distributed to prospective investors Have no bank custodian, securities lending registered trademarks are the unless it is preceded or accompanied guarantee May agent and transfer agent for property of their respective by the current prospectus. lose value the iShares Russell Series. owners.
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