The accompanying notes are an integral part of these financial statements. 21
5,400 1,600 2,000 1,200 2,2,1,900 1,900 3,500 3,100 1,900 4,000 3,000 11,200 4,000 2,900 1,100 6,800 1,6,090 4,778 9,400 1,500 2,900 2,700 3,200 1,700 1,500 2,000 2,100 2,2,6,400 1,400 1,200 1,700 3,000 3,3,300 7,249 392,250 1,300 1,800 2,5,500 1,100 2,500 4,500 2,100 3,432
Caterpillar Inc. Ceradyne Inc. Chart Industries Inc. CIRCOR International Inc. CLARCOR Inc. Coleman Cable Inc. Colfax Corp. Columbus McKinnon Corp. Comfort Systems USA Inc. Commercial Vehicle Group Inc. Cooper Industries PLC Crane Co. Cubic Corp. Cummins Inc. Curtiss-Wright Corp. Danaher Corp. Deere & Co. DigitalGlobe Inc. Donaldson Co Inc. Dover Corp. Ducommun Inc. DXP Enterprises Inc. Dycom Industries Inc. Dynamic Materials Corp. Eaton Corp. EMCOR Group Inc. Emerson Electric Co. Encore Wire Corp. Energy Conversion Devices Inc. Energy Recovery Inc. EnerSys EnPro Industries Inc. ESCO Technologies Inc. Esterline Technologies Corp. Fastenal Co. Federal Signal Corp. First Solar Inc. Flow International Corp. Flowserve Corp. Fluor Corp. Franklin Electric Co. Inc. FreightCar America Inc. Furmanite Corp. Gardner Denver Inc. GATX Corp. GenCorp Inc. General Cable Corp. General Dynamics Corp. General Electric Co. GeoEye Inc. Gibraltar Industries Inc. Goodrich Corp. Graco Inc. GrafTech International Ltd. Graham Corp. Granite Construction Inc. Great Lakes Dredge & Dock Corp. Greenbrier Cos. Inc. Griffon Corp.
316,714 37,146 69,220 40,130 82,404 5,200 31,928 20,938 24,797 23,404 134,309 103,500 67,841 150,170 111,901 419,566 188,766 81,649 40,382 283,862 10,482 18,629 11,846 15,125 372,157 117,387 419,866 39,766 69,630 15,995 70,473 56,657 70,745 96,462 90,545 34,087 152,800 17,647 43,646 326,033 60,018 31,355 15,900 110,850 139,633 10,351 103,921 539,295 8,570,338 32,055 38,345 127,203 34,157 49,153 16,991 105,096 33,360 48,025 46,859
504,397 50,312 67,377 50,599 102,634 2,564 47,737 14,186 24,955 30,773 203,429 126,942 89,343 438,891 99,331 526,653 331,302 91,682 63,935 366,926 8,688 19,148 18,755 11,255 616,525 138,092 535,946 37,429 13,275 9,801 102,474 70,461 56,607 136,809 125,513 13,683 103,831 11,372 95,070 422,982 54,299 34,622 11,715 205,872 130,183 3,094 115,484 512,999 7,154,863 54,958 24,378 210,797 31,475 108,661 21,930 68,390 33,075 43,897 43,571
3,100 1,4,600 1,125 1,250 1,600 6,755 9,400 1,000 2,300 5,550 2,000 7,400 12,630 2,600 1,700 2,100 6,400 4,1,250 1,600 2,400 7,875 5,600 1,262 4,1,1,1,100 1,500 2,875 1,9,000 14,400 5,200 4,400 3,2,900 9,768 1,2,200 800
GT Solar International Inc. H&E Equipment Services Inc. Hardinge Inc. Harsco Corp. HEICO Corp. HEICO Corp., Class A Herley Industries Inc. Hexcel Corp. Honeywell International Inc. Houston Wire & Cable Co. Hubbell Inc. Hubbell Inc., Class A Hurco Cos. Inc. IDEX Corp. II-VI Inc. Illinois Tool Works Inc. Ingersoll-Rand PLC Insituform Technologies Inc., Class A Insteel Industries Inc. Interline Brands Inc. ITT Corp. Jacobs Engineering Group Inc. John Bean Technologies Corp. Joy Global Inc. Kaman Corp. Kaydon Corp. KBR Inc. Kennametal Inc. Kratos Defense & Security Solutions Inc. L-3 Communications Holdings Inc. LaBarge Inc. Ladish Co. Inc. Lawson Products Layne Christensen Co. LB Foster Co. Lennox International Inc. Lincoln Electric Holdings Inc. Lindsay Corporation LMI Aerospace Inc. Lockheed Martin Corp. LSI Industries Inc. Lydall Inc. Manitowoc Co. Inc. Masco Corp. MasTec Inc. McDermott International Inc. Met-Pro Corp. Michael Baker Corp. Middleby Corp. Miller Industries Inc. Moog Inc., Class A MSC Industrial Direct Co. Mueller Industries Inc. Mueller Water Products Inc. MYR Group Inc. NACCO Industries Inc., Class A Navistar International Corp. Nordson Corp.

16,504 33,203 10,674 159,947 42,087 34,249 25,230 86,218 417,304 15,407 127,212 11,668 11,616 174,737 46,194 371,152 308,123 53,608 25,656 47,402 336,200 196,024 16,731 45,906 42,378 96,049 203,436 170,182 12,923 368,201 10,650 30,941 6,750 55,505 17,164 40,923 99,902 30,422 10,003 265,721 18,004 9,728 96,484 290,334 68,330 109,251 7,300 26,160 33,648 8,857 122,441 39,425 91,471 81,953 23,437 69,989 80,438 36,928
28,196 21,905 3,862 129,920 57,254 46,524 27,573 121,800 498,353 13,404 155,915 11,216 7,088 216,529 92,290 394,092 593,139 68,740 21,176 47,688 332,603 192,050 18,068 108,144 46,338 97,464 239,303 220,379 16,576 281,198 10,960 67,800 11,428 51,490 24,498 51,878 123,488 45,267 7,968 200,448 12,656 4,014 117,492 181,524 75,663 100,960 6,262 24,805 50,449 5,677 123,047 58,055 94,603 40,622 20,883 54,039 127,058 73,202
The accompanying notes are an integral part of these financial statements. 22
10,1,500 4,000 1,780 2,500 1,400 8,600 4,650 1,800 5,800 6,800 2,600 1,000 2,5,2,3,300 6,6,400 1,500 2,500 2,100 1,900 1,800 3,300 6,500 2,3,500 5,200 3,600 4,100 6,900 3,1,300 2,300 1,3,800 1,824 1,900 2,2,300 1,000 7,500 3,100 9,3,500 7,400 3,102 900
Northrop Grumman Corp. Northwest Pipe Co. Oclaro Inc. Orbital Sciences Corp. Orion Marine Group Inc. Oshkosh Truck Corp. Otter Tail Corp. Owens Corning Inc. PACCAR Inc. Pall Corp. Parker-Hannifin Corp. Pentair Inc. Pike Electric Corp. PMFG Inc. Polypore International Inc. Powell Industries Inc. Power-One Inc. PowerSecure International Inc. Precision Castparts Corp. Primoris Services Corp. Quanex Building Products Corp. Quanta Services Inc. Raven Industries Inc. Raytheon Co. RBC Bearings Inc. Regal-Beloit Corp. Robbins & Myers Inc. Rockwell Automation Inc. Rockwell Collins Inc. Roper Industries Inc., with Rights RSC Holdings Inc. Rush Enterprises Inc., Class A Rush Enterprises Inc., Class B Sauer-Danfoss Inc. Shaw Group Inc. Simpson Manufacturing Co. Inc. Snap-On Inc. Spirit Aerosystems Holdings Inc. SPX Corp. Standex International Corp. Sterling Construction Co. Inc. STR Holdings Inc. Stream Global Services Inc. Sun Hydraulics Corp. SunPower Corp., Class A SunPower Corp., Class B TAL Internatioanl Group Inc Taser International Inc. Tecumseh Products Co. Teledyne Technologies Inc. Tennant Co. Terex Corp. Textainer Group Holdings Ltd. Textron Inc. The Gorman-Rupp Co. Thomas & Betts Corp. Timken Co. Titan International Inc. Titan Machinery, Inc.

59,395 191,382 50,297 4,469 218,857 55,302 162,443 56,962 40,677 17,701 32,914 25,620 970,547 26,504 50,349 33,810 439,160 42,347 71,867 16,134 265,805 468,897 12,808 27,206 114,130 1,166,890 120,810 485,171 25,703 121,294 30,110 17,796 18,970 100,971 32,194 76,956 111,819 18,992 147,686 14,489 17,701 126,645 39,242 65,660 17,034 46,147 115,149 101,363 31,375 49,503 98,112 81,547 489,755 15,691 15,489 19,994 134,329 41,251 60,562
114,001 220,881 54,891 4,638 197,560 59,726 194,565 66,635 94,384 15,534 39,697 36,810 985,739 18,163 119,017 34,419 367,225 114,109 78,431 12,593 319,198 483,400 7,854 18,514 165,408 1,246,059 180,817 448,189 22,379 102,141 64,681 122,651 16,310 105,639 23,070 80,094 69,761 25,087 242,714 11,498 19,459 104,238 44,199 103,148 78,537 238,202 125,324 148,087 65,691 119,831 109,912 98,469 353,043 21,853 26,907 79,961 259,457 31,690 63,985
USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
600 12,732 3,600 2,400 12,515 2,300 1,125 2,000 4,169 8,166 1,200 8,100 2,500 3,200 2,600 3,467 3,356 1,900 1,517 1,900 5,700 1,500 2,798
Stamps.com Inc. Staples Inc. Stein Mart Inc. Systemax Inc. Target Corp. The Bon-Ton Stores Inc. The Buckle Inc. The Childrens Place Retail Stores Inc. The Finish Line Inc. The Gap Inc. The Sherwin-Williams Co. The Wet Seal Inc. Tiffany & Co. TJX Cos Inc. Tractor Supply Co. Tuesday Morning Corp. Ulta Salon, Cosmetics & Fragrance, Inc. Urban Outfitters Inc. US Auto Parts Network Inc. West Marine Inc. Williams-Sonoma Inc. Zale Corp. Zumiez Inc.
9,010 312,908 25,130 40,542 664,737 20,790 27,710 79,194 33,864 146,659 67,456 32,960 82,861 108,393 68,782 15,367 30,797 53,866 9,196 25,934 141,586 42,882 43,885 12,493,649 42,265,669
7,923 289,124 33,210 33,725 750,618 29,016 42,365 99,012 71,264 180,225 100,228 29,889 155,254 141,664 125,707 18,256 113,595 67,855 12,708 20,048 202,826 6,373 74,979 15,142,325 49,782,043 3.72 12.22
Consumer Staples Food & Staples Retailing USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 2,600 3,400 7,500 62,700 1,900 2,900 17,634 2,600 1,300 14,664 1,100 7,200 1,100 10,400 1,600 2,900 16,745 42,800 1,800 4,200 3,300 BJs Wholesale Club Inc. Caseys General Stores Inc. Costco Wholesale Corp. CVS Caremark Corp. Ingles Markets Inc., Class A Nash Finch Co. Pricesmart Inc. Ruddick Corp. Safeway Inc. Snyders-Lance Inc. Spartan Stores Inc. SUPERVALU Inc. Susser Holdings Corp. Sysco Corp. The Andersons Inc. The Kroger Co. The Pantry Inc. United Natural Foods Inc. Walgreen Co. Wal-Mart Stores Inc. Weis Markets Inc. Whole Foods Market Inc. Winn-Dixie Stores, Inc. 92,850 98,701 429,792 2,245,990 13,030 28,722 39,306 86,508 441,916 57,541 26,345 354,599 17,476 215,386 45,601 255,115 24,322 77,140 647,426 2,367,508 74,231 82,416 55,832 7,777,753 Food Beverage & Tobacco USD USD USD USD 692 4,100 26,600 28,505 Alico Inc. Alliance One International Inc. Altria Group Inc. Archer-Daniels-Midland Co. 29,726 24,049 547,110 995,170 16,377 17,255 653,122 855,113 124,203 144,109 540,111 2,166,836 9,574 29,677 72,100 106,547 395,517 60,805 21,975 140,833 15,194 211,108 39,877 231,916 31,690 106,085 650,622 2,301,966 72,398 211,652 23,597 7,708,392 1.89

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
The accompanying notes are an integral part of these financial statements. 35

5,600 8,250 18,354

Validus Holdings Ltd. Wesco Financial Corp. White Mountains Insurance Group Ltd. WR Berkley Corp. XL Group PLC
159,576 16,415 237,530 244,258 353,046 22,145,539
179,991 18,313 200,786 225,110 399,219 21,234,067 5.21
USD USD USD USD USD USD USD USD USD
4,200 5,400 2,400 2,000 4,900 2,400 1,200 4,100 10,750 2,900 2,500 2,200 6,2,500 5,174 4,200 3,000 3,300 1,000 3,200 2,400 3,000 1,100 2,100 3,100 1,500 8,2,250 2,100 2,600 2,800 4,900 3,905 1,4,1,100 5,504 1,400 2,2,568 1,400 4,800 3,500 2,500 2,656 2,700 3,900
Glimcher Realty Trust HCP Inc. Health Care REIT Inc. Healthcare Realty Trust Inc. Hersha Hospitality Trust Highwoods Properties Inc. Home Properties Inc. Hospitality Properties Trust Host Hotels & Resorts Inc. Inland Real Estate Corp. Jones Lang LaSalle Inc. Kilroy Realty Corp. Kimco Realty Corp. Kite Realty Group Trust LaSalle Hotel Properties Lexington Realty Trust Liberty Property Trust Mack-Cali Realty Corp. Medical Properties Trust Inc. Mid-America Apartment Communities Inc. National Retail Properties Inc. Nationwide Health Properties Inc. Omega Healthcare Investors Inc. Parkway Properties Inc. Pennsylvania Real Estate Investment Trust Piedmont Office Realty Trust Inc. Post Properties Inc. ProLogis PS Business Parks Inc. Public Storage Inc. Ramco-Gershenson Properties Trust Realty Income Corp. Regency Centers Corp. Reis Inc. Saul Centers Inc. Senior Housing Properties Trust Simon Property Group Inc. SL Green Realty Corp. Sovran Self Storage Inc. St. Joe Co. Stratus Properties Inc. Sun Communities Inc. Sunstone Hotel Investors Inc. Tanger Factory Outlet Centers Taubman Centers Inc. Tejon Ranch Co. The Macerich Co. Thomas Properties Group Inc. UDR Inc. Universal Health Realty Income Trust Urstadt Biddle Properties Inc. U-Store-It Trust Ventas Inc. Vornado Realty Trust Washington Real Estate Investment Trust Weingarten Realty Investors
14,811 162,543 105,930 48,046 21,234 75,291 58,996 109,041 121,024 33,651 144,290 80,242 128,380 15,676 66,847 32,634 135,636 108,767 30,824 48,941 71,837 68,142 50,129 24,966 32,181 58,063 28,688 192,816 39,026 181,282 20,980 68,392 112,999 4,032 35,726 98,255 301,083 71,726 33,910 141,804 6,863 16,121 62,930 54,352 87,616 25,918 87,544 15,403 80,932 12,974 14,546 16,739 102,852 207,868 81,364 96,679

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
1,3,100 1,400 1,000 2,000 3,500 1,900 5,100 8,750 4,000 10,2,400 4,900 6,200 16,202 1,300 1,600 16,100 1,546 2,200 4,700 2,200 4,500 1,600 7,200 2,200 1,8,022 3,300 15,800 10,600 11,1,400 1,400 2,200 1,400 4,400 2,400
Mindspeed Technologies Inc. MIPS Technologies Inc. MKS Instruments Inc. Monolithic Power Systems Inc. MoSys Inc. Nanometrics Inc. National Semiconductor Corp. Netlogic Microsystems Inc. Novellus Systems Inc. NVIDIA Corp. Omnivision Technologies Inc. ON Semiconductor Corp. PDF Solutions Inc. Pericom Semiconductor Corp. Photronics Inc. PLX Technology Inc. PMC - Sierra Inc. Power Integrations Inc. Rambus Inc. RF Micro Devices Inc. Rubicon Technology Inc. Rudolph Technologies Inc. Semtech Corp. Sigma Designs Inc. Silicon Image Inc. Silicon Laboratories Inc. Skyworks Solutions Inc. Spansion Inc. Standard Microsystems Corp. Supertex Inc. Teradyne Inc. Tessera Technologies Inc. Texas Instruments Inc. Trident Microsystems Inc. TriQuint Semiconductor Inc. Ultra Clean Holdings Ultratech Inc. Varian Semiconductor Equipment Associates Inc. Veeco Instruments Inc. Volterra Semiconductor Corp. Xilinx Inc. Zoran Corp.
15,315 8,604 66,943 25,487 8,447 15,876 70,219 36,115 121,314 114,134 79,219 74,555 8,578 24,653 17,557 32,385 128,053 36,762 32,448 53,309 14,227 25,753 79,094 23,866 26,319 63,058 66,612 40,086 51,503 24,736 101,704 82,551 462,287 26,451 70,677 8,652 24,869 39,498 36,549 15,431 111,427 44,159 8,967,405 44,947,226
10,342 13,607 75,714 22,884 5,665 25,491 48,030 59,499 164,437 134,386 117,721 102,660 2,394 26,281 28,881 22,383 138,637 52,041 32,679 118,015 32,502 18,057 106,167 31,112 32,941 73,465 205,363 45,417 51,754 14,469 112,324 72,897 512,112 18,606 136,403 5,529 27,757 51,632 94,257 32,336 127,211 21,039 10,145,959 51,964,796 2.49 12.75
Telecommunications Services USD USD USD USD USD USD USD USD USD USD USD 1,3,300 234,3,970 1,200 13,836 5,500 2,300 1,000 AboveNet Inc. Alaska Communications Systems Group Inc. American Tower Corp., Class A AT&T Inc. Atlantic Tele-Network Inc. Aviat Networks Inc. Cbeyond Inc. CenturyTel Inc. Cincinnati Bell Inc. Cogent Communications Group Inc. Consolidated Communications Holdings Inc. 80,217 9,773 116,336 7,364,136 32,394 37,079 23,548 529,238 18,554 25,468 16,261 87,453 6,642 169,919 6,865,979 34,395 20,074 18,298 637,082 15,358 32,434 19,228

The accompanying notes are an integral part of these financial statements. 51
USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
4,300 2,700 2,1,700 1,081 1,4,000 1,600 4,2,4,000 3,800 4,300 1,200 1,700 2,500 7,2,1,4,950 2,700 2,997 1,200 1,500 1,100 1,3,450 1,500 2,700
Kelly Services Inc. Kforce Inc. Kimball International Inc., Class B Knoll Inc. Korn/Ferry International M&F Worldwide Corp. Manpower Inc. McGrath Rentcorp. Metalico Inc. Mine Safety Appliances Co. Mobile Mini Inc. Multi-Color Corp. Navigant Consulting Inc. RCM Technologies Inc. Republic Services Inc. Resources Connection Inc. RR Donnelley & Sons Co. Schawk Inc. School Specialty Inc. SFN Group Inc. Steelcase Inc. Superior Uniform Group Inc. SYKES Enterprises Inc. Team Inc. Tetra Tech Inc. The Brinks Co. The Geo Group Inc. TRC Cos. Inc. TrueBlue Inc. United Stationers Inc. Viad Corp. Virco Manufacturing Volt Information Sciences Inc. VSE Corp. Waste Connections Inc. Waste Management Inc. WCA Waste Corp.
90,637 39,162 31,769 3,125 30,768 37,531 84,168 15,782 17,784 45,002 88,568 9,871 36,115,048 72,015 145,348 13,807 65,226 14,715 47,134 8,486 66,441 14,572 31,480 23,862 101,925 15,070 42,545 67,780 35,451 3,393 18,664 32,210 80,306 52,631 16,978 2,696,327
80,707 43,568 15,827 4,996 39,181 24,904 107,468 18,304 23,456 49,657 92,293 15,470 22,119,117 70,451 74,918 24,629 23,617 24,334 80,115 7,754 49,341 19,308 32,490 23,912 121,737 9,424 53,740 76,365 38,087 2,721 13,371 22,996 94,722 55,156 12,925 2,755,370 1.80
1,900 1,000 5,600 2,600 1,500 12,400 2,1,200 2,485 2,100 11,848 2,662 1,500 2,800 3,700 3,500 2,000 2,500 17,500 10,300 1,900 2,300 1,700 2,000
Hawaiian Holdings Inc. Heartland Express Inc. Hertz Global Holdings Inc. Horizon Lines Inc. HUB Group Inc., Class A JetBlue Airways Corp. Kansas City Southern Kirby Corp. Knight Transportation Inc. Mair Holdings Inc. Marten Transport Ltd. Norfolk Southern Corp. Old Dominion Freight Line Inc. Pacer International Inc. Pinnacle Airlines Corp. Republic Airways Holdings Inc. Ryder System Inc. Saia Inc. Skywest Inc. Southwest Airlines Co. Union Pacific Corp. Universal Truckload Services Inc. US Airways Group Inc. UTi Worldwide Inc. Werner Enterprises Inc.

The accompanying notes are an integral part of these financial statements. 60
1,205 4,000 2,500 4,300 2,000 21,500 4,3,100 4,000
Tower Group Inc. Transatlantic Holdings Inc. United Fire & Casualty Co. Unitrin Inc. Universal Insurance Holdings Inc. Unum Group Validus Holdings Ltd. White Mountains Insurance Group Ltd. WR Berkley Corp. XL Group PLC
33,001 280,357 72,844 204,007 12,234 519,660 131,872 319,033 84,141 82,126 16,981,634
30,753 205,922 55,649 105,237 9,714 519,323 152,251 234,250 84,587 87,004 14,184,442 92.50
3,200 2,2,800 1,600 1,600 3,800 9,671 1,300 1,980 2,075 1,477 8,600 2,700 1,400 6,600 2,900 1,400 1,700 1,663 1,300 1,300 10,109 1,115 2,400 3,3,810 3,2,7,000 2,103 2,000 1,000 2,300 1,785 1,160 2,700 11,204 1,700 2,5,2,2,200 1,900
Epicor Software Corp. EPIQ Systems Inc. Equinix Inc. Euronet Worldwide Inc. ExlService Holdings Inc. Fair Isaac Corp. FalconStor Software Inc. Fidelity National Information Services Inc. Fiserv Inc. Forrester Research Inc. Global Cash Access Holdings Inc. GSI Commerce Inc. IAC/InterActiveCorp. iGate Corp. Informatica Corp. Infospace Inc. Integral Systems Inc. Internap Network Services Corp. Internet Capital Group Inc. j2 Global Communications Inc. Jack Henry & Associates Inc. JDA Software Group Inc. Kenexa Corp. Keynote Systems Inc. Lawson Software Inc. LoopNet Inc. Manhattan Associates Inc. Mantech International Corp. Marchex Inc. MAXIMUS Inc. McAfee Inc. Mentor Graphics Corp. MicroStrategy Inc. ModusLink Global Solutions Inc. Monster Worldwide Inc. NCI Inc. Netscout Systems Inc. NeuStar Inc., Class A Novell Inc. Nuance Communications Inc. Online Resources Corp. Opnet Technologies Inc. Parametric Technology Corp. Pervasive Software Inc. Progress Software Corp. Qad Inc., Class A Qad Inc., Class B Quest Software Inc. RealNetworks Inc. Rovi Corp. S1 Corp. SAIC Inc. Sapient Corp. Scientific Learning Corp. Smith Micro Software Inc. Solera Holdings Inc. SRA International Inc. SRS Labs Inc.
24,956 29,019 32,087 68,217 27,966 31,851 16,655 197,153 65,963 53,047 16,510 31,638 474,843 7,321 16,323 24,036 13,184 20,228 23,453 30,798 41,382 44,645 15,973 15,859 71,261 16,207 20,416 5,403 9,123 34,109 17,347 29,940 19,121 51,351 60,877 18,206 39,700 17,514 31,749 32,191 11,961 11,456 38,554 7,536 36,537 6,292 1,679 49,517 74,240 54,225 14,940 17,433 40,17,381 3,695 42,200 14,478
32,073 30,124 25,930 48,700 34,243 37,307 12,696 264,173 75,935 69,666 6,601 34,174 237,235 13,767 26,347 22,242 13,837 40,020 41,213 40,420 49,421 46,438 28,250 18,955 93,256 16,575 24,358 4,740 19,028 45,782 18,474 43,119 17,048 25,458 89,513 13,940 66,778 18,186 41,328 38,108 9,275 26,698 51,679 9,186 59,200 5,764 1,586 74,696 46,930 105,166 15,827 14,235 63,36,012 5,118 44,868 16,618

Real Estate USD USD USD USD USD USD USD USD 1,5,200 1,242 1,1,100 2,300 Avatar Holdings Inc. Consolidated-Tomoka Land Co. Forest City Enterprises Inc. Forestar Group Inc. Jones Lang LaSalle Inc. Reis Inc. The St Joe Co. ZipRealty Inc. 42,228 23,359 61,944 23,857 57,871 3,021 31,364 9,863 253,507 55,219,270 Information Technology Software & Services USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 1,400 18,404 3,700 2,2,999 3,1,700 1,200 1,2,900 4,300 4,400 1,200 7,800 3,490 1,500 1,2,1,700 6,450 3,800 1,500 1,700 ACI Worldwide Inc. Activision Blizzard Inc. Acxiom Corp. Advent Software Inc. Akamai Technologies Inc. Amdocs Ltd. ANSYS Inc. AOL Inc. Ariba Inc. Blackboard Inc. Broadridge Financial Solutions Inc. CA Inc. CACI International Inc. Cass Information Systems Inc. Ciber Inc. Citrix Systems Inc. CommVault Systems Inc. Computer Sciences Corp. Compuware Corp. comScore Inc. Convergys Corp. Corelogic Inc. CSG Systems International Inc. DealerTrack Holdings Inc. Deltek Inc. Dice Holdings Inc. DST Systems Inc. Dynamics Research Corp. Earthlink Inc. eBay Inc. Ebix Inc. Electronic Arts Inc. 26,339 237,138 42,732 17,002 18,006 68,872 16,941 75,817 39,197 35,172 38,997 27,956 61,839 18,786 8,577 16,209 20,688 231,382 35,861 21,479 126,391 96,164 27,275 37,923 2,592 15,321 22,639 22,613 57,732 91,049 28,468 31,409 37,447 227,960 56,475 23,105 32,846 64,364 20,772 70,944 72,622 32,951 37,180 29,237 69,232 22,553 11,202 27,266 25,652 212,618 51,165 26,616 102,448 64,321 28,333 37,973 2,302 32,916 22,110 22,718 55,191 105,392 35,409 27,788 23,732 18,561 86,502 23,906 117,170 3,865 23,904 6,010 303,650 42,804,468 0.20 27.92
The accompanying notes are an integral part of these financial statements. 61
2,2,1,500 4,050 1,2,900 5,200 2,700 2,500 2,800 3,600 1,400 4,800 6,260 1,1,600 1,3,613 1,800 4,800
StarTek Inc. SuccessFactors Inc. support.com Inc. Synchronoss Technologies Inc. Synopsys Inc. Take-Two Interactive Software Inc. Taleo Corp., Class A TechTarget Inc. TeleCommunication Systems Inc. The Hackett Group Inc. The Knot Inc. TheStreet.com Inc. THQ Inc. TIBCO Software Inc. Tier Technologies Inc., Class B Total System Services Inc. Travelzoo Inc. Tyler Technologies Inc. United Online Inc. ValueClick Inc. VeriFone Holdings Inc. Virtusa Corp. Visa Inc. VistaPrint NV Web.com Group Inc. Wright Express Corp. Yahoo! Inc.

6,772,001

2,014,913 (62,017) 3,331,351 18,189,473 1,704 23,475,424 30,247,425
(170,277) (188,067) 1,531,385 48,339,550 (33,201) 49,479,390 $ 54,400,759
5,422,007 1,259,083 14,843,754 7,394,941 1,327,640
$ 14,349,582 $ 826,997 $ 29,114,362 $ 9,131,084 $ 978,734

0.61 1.68 0.73 1.59 0.63

1.68 3.61 1.74 4.35 1.24
The accompanying notes are an integral part of these financial statements. 68
2010 Class A 80,314,348 $ 5,422,007 22,960,951 (15,422,354) 890,487 8,429,084 Distributions to Investors From net investment income From capital gains (905,760) (905,760) Increase (Decrease) in Net Assets for the year Net Assets at end of year $ 12,945,331 93,259,679 $ Class A(H) 6,146,069 $ 1,259,083 9,258,480 (2,020,923) 466,052 7,703,609 (133,472) (339,459) (472,931) 8,489,761 $ 14,635,830 $ 2009
Net Assets at beginning of year Increase (Decrease) in Net Assets from Operations Capital Unit Transactions Sales of units Units redeemed Units issued on reinvestment of distribution
66,023,664 14,349,582 20,062,606 (20,104,624) 986,882 944,864 (1,003,762) (1,003,762) 14,290,684 80,314,348
826,997 5,811,679 (491,818) 51,565 5,371,426 (52,354) (52,354) 6,146,069 6,146,069
2010 Class F 183,311,658 $ 14,843,754 63,784,887 (46,528,651) 3,052,419 20,308,655 Distributions to Investors From net investment income From capital gains (3,911,816) (3,911,816) Increase (Decrease) in Net Assets for the year Net Assets at end of year $ 31,240,593 214,552,251 $
2010 Class F(H) 56,779,685 $ 7,394,941 32,727,730 (18,125,082) 3,181,989 17,784,637 (1,449,236) (3,696,851) (5,146,087) 20,033,491 $ 76,813,176 $
125,451,101 29,114,362 80,266,657 (50,600,837) 2,344,228 32,010,048 (3,263,853) (3,263,853) 57,860,557 183,311,658
9,131,084 50,730,650 (2,774,985) 307,857 48,263,522 (614,921) (614,921) 56,779,685 56,779,685
2010 Class I 10,172,256 $ 1,327,640 9,882,633 (2,537,101) 170,147 7,515,679 Distributions to Investors From net investment income From capital gains (418,748) (418,748) Increase (Decrease) in Net Assets for the year Net Assets at end of year $ 8,424,571 18,596,827 $
2010 Total 336,724,016 $ 30,247,425 138,614,681 (84,634,111) 7,761,094 61,741,664 (6,819,032) (4,036,310) (10,855,342) 81,133,747 $ 417,857,763
3,562,948 978,734 5,765,968 (15,549) 20,196 5,770,615 (140,041) (140,041) 6,609,308 10,172,256

The accompanying notes are an integral part of these financial statements. 122
EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR
6,226 5,412 3,20 19,2,467 1,720 1,7,323 2,1,452 9,742 5,806 2,2,104 4,6,305 1,103 1,194 2,11,475 1,5,1,173 1,607 4,2,950 1,4,3,185
Lafarge SA Lagardere SCA Laurent-Perrier LISI M6-Metropole Television Manitou BF SA Manutan International Natixis Neopost SA Nexans SA Nexity NRJ Group Orpea PagesJaunes Groupe Pernod-Ricard SA Peugeot SA Pierre & Vacances Plastic Omnium SA PPR SA Rallye SA Remy Cointreau SA Renault SA Rexel SA Rhodia SA Robertet SA Rubis Sa des Ciments Vicat Safran SA Saft Groupe SA Samse SA Sanofi-Aventis SA, ADR Schneider Electric SA SCOR SE SEB SA Sechilienne-Sidec Societe BIC SA Societe des Bains de Mer et du Cercle des Etrangers a Monaco Societe Generale Societe Television Francaise 1 Sodexo SOITEC Somfy SA Sopra Group SA Stallergenes STEF-TFE Sucriere de Pithiviers-Le-Vieil Synergie SA Technip SA Teleperformance Terreis Theolia SA Total SA, ADR Trigano SA Valeo SA Vallourec SA Viel et Compagnie Vilmorin & Cie Vinci SA
706,504 447,329 18,912 21,958 106,609 13,038 1,201 155,784 23,348 204,555 37,238 4,749 84,392 22,117 30,940 455,126 4,036 11,678 277,744 2,531 78,292 906,904 90,417 55,501 21,146 95,767 8,154 60,396 10,823 9,253 180,511 71,883 194,317 67,757 53,648 169,298 47,357 869,508 20,380 17,395 95,789 83,981 31,454 70,216 31,028 15,103 32,810 77,281 158,9,654 64,036 21,754 132,180 9,811 14,989 56,596 8,638
388,917 235,500 22,472 27,626 90,235 18,459 1,317 89,777 25,124 196,538 45,290 5,044 79,349 17,263 36,587 279,607 4,347 22,825 399,205 2,906 101,892 564,127 125,100 93,973 23,540 112,956 8,410 101,795 9,673 8,509 151,072 122,155 159,727 113,977 30,272 190,130 37,729 615,366 21,909 19,872 62,644 86,385 32,753 55,878 25,103 15,139 30,123 148,058 150,4,563 58,669 30,256 243,150 10,270 11,376 50,665 10,034

EUR EUR EUR EUR

315 27,2,503
Virbac SA Vivendi SA VM Materiaux SA Zodiac Aerospace SA
32,818 1,067,073 9,178 93,706 16,286,556
54,180 744,118 7,253 186,991 13,572,960 5.88
Germany EUR EUR EUR EUR EUR USD EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 1,1,013 4,701 10,921 4,3,018 11,1,2,180 1,535 2,380 25,093 10,946 1,003 19,8,47,078 3,466 1,542 2,23,113 3,1,108 4,292 2,450 1,2,987 1,816 15,15,4,952 2,264 1,557 2,383 Aareal Bank AG Adcapital AG Adidas AG Aixtron AG Allianz SE Allianz SE, ADR AMB Generali Holding AG Aurubis AG Bayerische Motoren Werke AG Bechtle AG Bilfinger Berger AG Biotest AG Carl Zeiss Meditec AG Celesio AG Comdirect Bank AG Commerzbank AG DaimlerChrysler AG, Registered Shares Demag Cranes AG Deutsche Bank AG, Registered Shares Deutsche Boerse AG Deutsche Lufthansa AG, Registered Shares Deutsche Post AG Deutsche Telekom AG, Registered Shares Deutz AG Dialog Semiconductor PLC Douglas Holding AG Duerr AG E.ON AG Evotec AG Fielmann AG Fraport AG Frankfurt Airport Services Worldwide Freenet AG GEA Group AG Gerresheimer AG Gesco AG GFK SE Grenkeleasing AG Hannover Rueckversicherung AG, Registered Shares HeidelbergCement AG Heidelberger Druckmaschinen AG Indus Holding AG Infineon Technologies AG Jenoptik AG Kloeckner & Co SE Kontron AG Krones AG KUKA AG 45,395 3,330 57,366 169,171 2,019,340 97,927 56,865 136,266 576,649 16,893 144,825 27,644 36,611 40,374 23,249 737,768 604,563 37,930 1,755,191 25,440 260,097 13,252 828,406 18,066 24,765 128,630 13,744 963,185 10,840 53,969 50,858 64,524 56,346 65,823 19,894 36,697 22,359 121,856 106,548 85,220 8,403 100,115 5,818 128,411 23,945 85,993 40,748 59,263 4,213 66,352 171,994 1,292,318 47,352 68,992 177,157 876,676 24,559 152,465 28,518 40,969 38,017 22,905 186,357 741,847 48,345 990,207 22,898 195,057 12,542 603,854 29,170 34,993 145,685 18,940 703,252 12,427 63,360 69,509 45,129 70,674 83,549 23,311 48,501 27,489 159,446 112,907 78,553 12,924 147,303 6,945 138,656 23,923 97,209 52,696

The accompanying notes are an integral part of these financial statements. 127
INR INR INR INR INR INR USD INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR
LIC Housing Finance Ltd. Maharashtra Seamless Ltd. Mahindra & Mahindra Ltd. Nagarjuna Fertilizers & Chemicals National Aluminium Co. Ltd. Parsvnath Developers Ltd. Patni Computer Systems Ltd., ADR Polaris Software Lab Ltd. Power Finance Corp. Ltd. PTC India Ltd Reliance Capital Ltd. Reliance Communications Ltd. Reliance Industries Ltd. Reliance Power Shree Renuka Sugars Ltd. State Bank of India Ltd. Sterlite Industries India Ltd. Tata Steel Ltd. Tech Mahindra Ltd. Unitech Ltd. Yes Bank Ltd. Zee Entertain Zee Learn Ltd.
137,927 39,939 62,591 51,657 117,914 3,347 32,694 51,027 52,105 15,079 127,972 93,638 621,701 131,531 15,511 92,687 142,823 123,356 15,466 50,233 18,488 128,641 2,197 4,248,411
128,604 40,687 89,247 55,141 109,975 2,760 34,147 50,087 57,454 16,365 113,711 80,356 629,788 127,105 21,841 113,731 126,142 126,940 15,130 39,991 17,872 121,580 2,881 4,533,569 1.96

EUR EUR

1,802 19,974
Paddy Power PLC United Drug PLC

69,579 69,289 1,540,693

73,486 54,462 1,190,730 0.52
Israel ILS ILS ILS ILS USD ILS ILS ILS ILS ILS ILS USD ILS ILS ILS ILS ILS USD 30,019 28,477 4,426 1,955 1,000 4,067 42,992 34,227 23,844 3,272 11,973 4,600 58,382 6,923 2,845 3,800 Bank Hapoalim BM Bank Leumi Le-Israel BM Bezeq Israeli Telecommunication Corp Ltd. Clal Industries and Investments Ltd. Elbit Systems Ltd. First International Bank Of Israel Ltd. Israel Discount Bank Ltd. Leumi Insurance Holdings Makhteshim-Agan Industries Ltd. Mellanox Technologies Ltd. Mizrahi Tefahot Bank Ltd. Nice Systems Ltd., ADR Oil Refineries Ltd. Ormat Industries Partner Communications Company Ltd. Paz Oil Co Ltd. Strauss Group Ltd Teva Pharmaceutical Industries Ltd., ADR 137,137 136,681 10,793 13,069 64,293 72,926 101,787 67,002 129,800 68,377 120,160 144,930 32,689 65,430 47,681 48,877 13,247 228,966 1,503,845 156,801 146,410 13,551 15,777 52,777 61,625 98,291 69,944 122,658 84,946 131,855 160,106 43,232 59,649 43,063 59,580 13,734 197,445 1,531,444 0.66

Purchased Currency CAD CAD CAD CAD CAD CAD CAD CAD CAD 4,117,535 226,873 252,146 1,894,494 110,454 131,924 129,011 115,631 2,033,957
Sold Currency EUR EUR EUR GBP GBP GBP JPY JPY JPY 3,080,000 170,000 190,000 1,190,000 70,000 85,000 10,600,000 9,600,000 168,300,000
Unrealized Gain (Loss) Counterparty 10,(1,230) 42,837 1,533 (335) (1,196) (2,292) (33,380) 16,256 CITI RBC RBC CITI CITI RBC RBC RBC JPM
Rating of the Counterparty (1) A+ AAAAAAA+ AAAAAAAA-
CITI = Citibank RBC = RBC JPM = JP Morgan
The accompanying notes are an integral part of these financial statements. 144
Financial Risk Management In addition to the following risk disclosures, please see the risk disclosure in the Financial Risk Management section of the Notes to the Financial Statements. The fundamental investment objective of the DFA International Vector Equity Fund (formerly DFA International Value Fund) is to achieve long-term capital appreciation by investing primarily in equity securities of non-Canadian and non-U.S companies. The Funds overall risk management program seeks to minimize the potentially adverse effect of risk on the Funds financial performance in a manner consistent with the Funds investment objective. (a) Other market risk The Statement of Investment Portfolio classifies securities by geographic region. As at December 31, 2010 and 2009, there was no significant concentration in any specific region. The Funds market risk is affected by two main components: changes in actual market prices and foreign currency movements. The Fund will generally invest in a broad and diverse group of equity securities of non-Canadian and non-U.S. operating companies associated with countries with developed and emerging markets, with an increased emphasis on small capitalization and value companies. As at December 31, 2010, the Funds investments, as a percentage of Net Assets, traded on global exchanges is 98.28% (2009: 99.28%). If equity prices on the global stock exchanges had increased or decreased by 10% (2009: 10%), with all other factors remaining constant, Net Assets would have increased (decreased) by approximately $22,683,305 (2009: $22,058,812). In practice, actual results may differ from this sensitivity analysis and the difference could be material. (b) Currency risk The Fund holds assets and liabilities, including cash and cash equivalents that are denominated in currencies other than the Canadian Dollar, the functional currency. It is therefore exposed to currency risk, as the value of the securities denominated in other currencies fluctuate due to changes in exchange rates. On June 29, 2010, the Fund introduced hedged classes of units which hedge a majority of these units exposure to foreign currency risk. The tables below summarize the Funds unhedged classes and hedged classes exposure to currency risks as at December 31, 2010 and 2009, if applicable. Amounts shown are based on the fair value of monetary and non-monetary assets.

Reconciliation of Net Assets to Net Asset Value The Net Assets per unit calculated in accordance with Canadian GAAP for financial statements and the Net Asset Value per unit for fund pricing purposes of an investment fund for the periods ended December 31, 2010 and 2009 are as follows:
2010 Net Assets Net Asset Value Per Unit ($) Per Unit ($) As at December 31, Net Assets Net Asset Value Per Unit ($) Per Unit ($) As at December 31, 2009 14.17 14.42 14.60 14.21 14.47 14.65
DFA Canadian Core Equity Fund Class A Class F Class I DFA U.S. Core Equity Fund Class A Class A (H) Class F Class F (H) Class I Class I (H) DFA U.S. Vector Equity Fund Class A Class A (H) Class F Class F (H) DFA International Core Equity Fund Class A Class A (H) Class F Class F (H) Class I DFA International Vector Equity Fund Class A Class A (H) Class F Class F (H) Class I DFA Global Real Estate Securities Fund Class A Class F Class I DFA Five-Year Global Fixed Income Fund Class A Class F Class I DFA Investment Grade Fixed Income Fund Class A Class F Class I

17.06 17.38 17.60

8.75 15.19 8.84 15.24 8.98 11.84

10.22 12.43 10.42 11.58

8.92 9.08
10.01 14.82 10.13 14.87 8.39
9.54 13.96 9.63 14.31 7.97
11.82 11.12 12.08 11.17 11.14

8.38 8.35 8.26

7.53 7.49 7.41
9.51 9.57 9.88 9.88 9.95 9.84
9.53 9.58 9.89 9.89 9.96 9.85
9.60 9.66 9.98 9.62 9.67 9.57
9.61 9.67 9.99 9.63 9.68 9.58
Unitholders Equity Unitholders equity includes amounts representing Fund units, undistributed net income (accumulated deficit), undistributed realized gains (losses) on the sale of investments and unrealized appreciation/ (depreciation) in value of investments. Each Fund has an unlimited number of units of each class authorized without par value. The Funds have no restrictions or specific capital requirements on the subscription or redemptions of units. The following units were issued and redeemed at the then current class Net Asset Value per unit during the periods ended December 31, 2010 and 2009, as applicable. The Manager has policies and procedures in place to manage the capital of the Funds in accordance with each Funds investment objectives, strategies and restrictions as detailed in the simplified prospectus.
DFA Canadian Core Equity Fund Class A 2010 Class F 23,043,820 7,340,769 290,669 (4,687,528) 25,987,730 Class I 905,239 1,680,394 20,635 (255,740) 2,350,528 Class A 9,350,116 2,415,919 95,265 (2,330,407) 9,530,Class F 15,163,002 10,770,177 291,724 (3,181,083) 23,043,820 Class I 681,007 298,736 5,095 (79,599) 905,239

The accompanying notes are an integral part of these financial statements. 6

CAD CAD CAD CAD CAD CAD

31,200 3,700 37,933 25,883 27,378 51,779
Intermap Technologies Corp., Class A Marsulex Inc. Newalta Inc. Ritchie Bros. Auctioneers Inc. Stantec Inc. Transcontinental Inc., Class A
169,286 51,094 305,984 446,074 592,286 1,021,980 4,023,742
20,592 41,995 326,224 499,542 645,299 681,412 3,981,680 0.77 CAD CAD CAD CAD CAD CAD 45,508 51,200 140,435 40,925 9,500 101,400 CAD 7,200
Newfoundland Capital Corp. Ltd., Class A Quebecor Inc., Class B, Sub-Voting Shares Shaw Communications Inc., Class B Thomson Reuters Corp. Torstar Corp., Class B TVA Group Inc., Class B Yellow Pages Income Fund
39,898 1,385,080 596,011 5,308,493 819,808 158,046 1,058,041 15,421,056
51,840 1,480,375 981,504 5,350,574 430,122 107,445 604,344 14,896,163 2.87
Transportation CAD CAD CAD CAD CAD CAD CAD CAD CAD CAD CAD CAD 178 102,600 97,577 2,600 13,042 12,630 25,800 32,300 25,600 58,947 5,800 103,517 Algoma Central Corp Canadian National Railway Co. Canadian Pacific Railway Ltd. Clarke Inc. Contrans Group Inc., Class A Discovery Air Inc., Class A Jazz Air Income Fund Student Transportation Inc. Transat AT Inc., Class B TransForce Inc. Vitran Corp. Inc. Westjet Airlines Ltd. 13,623 4,232,332 4,892,034 8,245 117,554 18,460 102,304 135,572 495,750 495,378 115,205 1,399,045 12,025,502 26,863,023 Consumer Discretionary Automobiles & Components CAD CAD CAD CAD CAD CAD CAD 5,900 28,625 67,805 53,500 99,064 62,839 13,148 Airboss of America Corp. Azure Dynamics Corp. Ballard Power Systems Inc. Linamar Corp. Magna International Inc., Class A Martinrea International Inc. Westport Innovations Inc. 30,807 9,457 440,633 655,038 6,593,882 533,605 87,677 8,351,099 Consumer Durables & Apparel CAD CAD CAD CAD 800 27,557 55,920 56,781 Dorel Industries Inc., Class A Dorel Industries Inc., Class B Gildan Activewear Inc. MEGA Brands Inc. 30,925 925,672 793,283 29,529 1,779,409 Consumer Services CAD CAD CAD CAD 3,400 11,800 63,860 31,425 Alarmforce Industries Inc. Consumers Waterheater Income Fund Great Canadian Gaming Corp. Tim Hortons Inc. 20,422 176,581 595,476 974,225 1,766,704 Media CAD CAD CAD CAD CAD CAD CAD CAD 50,447 9,100 19,543 66,432 62,895 177,176 16,829 16,800 Astral Media Inc., Class A, NonVoting Shares Cinram International Income Fund Cogeco Cable Inc., Sub-Voting Shares Corus Entertainment Inc., Class B Glacier Media Inc. Groupe Aeroplan Inc. Imax Corp. MDC Partners Inc., Class A 1,764,242 59,385 680,562 1,141,212 235,980 1,828,298 172,595 173,405 1,812,481 10,556 666,025 1,241,606 141,514 1,569,779 258,998 189,000 23,460 54,516 429,778 1,070,964 1,578,718 0.30 26,608 918,201 1,707,797 23,280 2,675,886 0.52 33,335 8,731 109,844 963,000 6,947,358 471,293 217,468 8,751,029 1.69 13,395 6,259,626 5,567,744 9,984 117,378 2,779 105,780 174,420 258,560 545,849 79,866 1,227,712 14,363,093 29,954,962 2.76 5.77

Genworth Financial, Inc., Class A Greenlight Capital Re, Ltd., Class A Hallmark Financial Services Inc. Hanover Insurance Group Inc. Harleysville Group Inc. Hartford Financial Services Group Inc. HCC Insurance Holdings Inc. Hilltop Holdings, Inc. Horace Mann Educators Corp. Independence Holding Co. Infinity Property & Casualty Corp. Lincoln National Corp. Loews Corp. Markel Corp. Marsh & McLennan Cos Inc. MBIA Inc. Meadowbrook Insurance Group Inc. Mercer Insurance Group Inc. Mercury General Corp. MetLife Inc. Montpelier Re Holdings Ltd. National Financial Partners Corp. National Interstate Corp. Navigators Group Inc. NYMAGIC Inc. Old Republic International Corp. OneBeacon Insurance Group, Ltd. PartnerRe Ltd. Platinum Underwriters Holdings Ltd. PMA Capital Corp., Class A Presidential Life Corp. Principal Financial Group ProAssurance Corp. Progressive Corp. Protective Life Corp. Prudential Financial Inc. Reinsurance Group of America Inc. RenaissanceRe Holdings Ltd. RLI Corp. Safety Insurance Group Inc. Seabright Insurance Holdings Selective Insurance Group StanCorp Financial Group Inc. State Auto Financial Corp. Stewart Information Services Corp. The Phoenix Cos Inc. The Travelers Cos Inc. Torchmark Corp. Tower Group Inc. Transatlantic Holdings Inc. United America Indemnity Ltd. United Fire & Casualty Co. Unitrin Inc. Universal Insurance Holdings Inc. Unum Group Validus Holdings Ltd. Wesco Financial Corp. White Mountains Insurance Group Ltd.
166,688 36,299 8,071 170,603 61,742 967,308 239,457 31,965 43,364 4,235 8,739 602,144 695,466 224,247 284,867 126,281 30,561 15,644 191,766 766,313 109,276 17,387 24,371 58,654 8,933 268,471 35,460 344,496 131,679 16,302 19,861 613,616 120,462 228,724 179,544 1,347,678 185,124 176,202 75,521 36,053 28,758 89,318 152,844 68,156 16,110 17,990 1,125,688 210,515 78,791 180,849 28,764 24,989 174,089 21,873 364,682 188,565 16,415 237,530
339,495 53,632 6,355 166,709 56,156

8,250 17,159

WR Berkley Corp. XL Capital Ltd.
244,258 328,757 19,598,861
232,475 292,084 18,043,152 5.53
Real Estate USD 1,1,600 3,200 1,800 4,635 2,700 1,300 1,4,000 1,600 3,900 2,400 2,600 7,200 5,377 1,100 2,400 2,2,400 2,542 6,600 9,180 5,292 1,400 4,100 7,300 1,800 1,000 2,600 1,500 1,000 3,100 4,300 1,100 3,400 1,100 3,900 9,2,000 4,200 5,400 2,000 2,000 4,900 2,400 1,200 Acadia Realty Trust Alexanders Inc. Alexandria Real Estate Equities Inc. AMB Property Corp. American Campus Communities Inc. Apartment Investment & Management Co. Ashford Hospitality Trust Inc. Associated Estates Realty Corp. AvalonBay Communities Inc. Avatar Holdings Inc. BioMed Realty Trust Inc. Boston Properties Inc. Brandywine Realty Trust BRE Properties Inc. Camden Property Trust CB Richard Ellis Group Inc., Class A CBL & Associates Properties Inc. Cedar Shopping Centers, Inc. Cogdell Spencer Inc. Colonial Properties Trust Consolidated-Tomoka Land Co. Corporate Office Properties Trust SBI MD Cousins Properties Inc. DCT Industrial Trust Inc. Developers Diversified Realty Corp. DiamondRock Hospitality Co. Digital Realty Trust Inc. Douglas Emmett Inc. Duke Realty Corp. DuPont Fabros Technology Inc. EastGroup Properties Inc. Education Realty Trust Inc. Entertainment Properties Trust Equity Lifestyle Properties Inc. Equity One Inc. Equity Residential Essex Property Trust Inc. Extra Space Storage Inc. Federal Realty Invs Trust FelCor Lodging Trust Inc. First Industrial Realty Trust Inc. First Potomac Realty Trust Forest City Enterprises Inc., Class A Forest City Enterprises, Inc. Forestar Group Inc. Glimcher Realty Trust HCP Inc. Health Care REIT Inc. Healthcare Realty Trust Inc. Hersha Hospitality Trust Highwoods Properties Inc. Home Properties Inc. 33,413 63,508 112,967 104,593 47,695 111,039 16,699 15,571 148,866 27,021 71,016 122,136 47,982 95,850 119,098 58,535 65,415 14,842 16,563 33,995 21,309 94,398 18,808 44,591 68,529 63,565 56,615 70,671 113,460 35,968 41,922 17,022 63,318 48,885 61,057 147,189 103,069 46,249 79,064 15,727 27,369 14,960 159,263 13,747 39,405 14,811 162,543 86,135 48,046 21,234 75,291 58,996 30,903 64,491 107,937 80,770 52,216 95,477 21,069 17,894 161,305 6,125 68,515 121,427 44,507 94,200 112,900 104,241 71,208 7,049 17,220 38,643 11,377 96,474 18,185 31,758 96,553 46,308 85,935 61,935 88,204 46,985 37,824 16,662 60,743 51,258 51,482 190,611 114,220 50,311 82,287 20,186 3,592 13,749 113,277 2,414 38,239 26,737 185,392 89,614 46,777 23,526 70,772 57,563 USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD

3,500 2,3,900 1,000 16,649 4,700 1,500 1,600 2,600 1,100 2,000 2,000 2,800 1,600 1,300 8,050 3,800 3,300 1,700 1,800 2,800 5,000 2,800 3,300 2,800 1,900 3,700 2,507 1,100 1,300 3,000 12,200 1,106 6,200 1,200 2,1,100 1,600 2,200 6,300 2,650 70,400 3,920 4,800 2,2,2,700 1,300
ePlus Inc. Equinix Inc. Euronet Worldwide Inc. ExlService Holdings Inc. Factset Research Systems Inc. Fair Isaac Corp. FalconStor Software Inc. Fidelity National Information Services Inc. Fiserv Inc. Forrester Research Inc. Gartner Inc. Global Cash Access Holdings Inc. Global Payments Inc. Google Inc., Class A GSI Commerce Inc. Hackett Group Inc. Heartland Payment Systems Inc. Hewitt Associates Inc., Class A IAC/InterActiveCorp. iGate Corp. infoGROUP Inc. Informatica Corp. Infospace Inc. Innodata Isogen Inc. Integral Systems Inc. Interactive Intelligence Inc. Internap Network Services Corp. Internet Brands, Inc., Class A Internet Capital Group Inc. Intuit Inc. j2 Global Communications Inc. Jack Henry & Associates Inc. JDA Software Group Inc. Kenexa Corp. Keynote Systems Inc. Knot Inc. Lawson Software Inc. Lender Processing Services, Inc. Limelight Networks Inc. Liquidity Services Inc. LoopNet Inc. Manhattan Associates Inc. ManTech International Corp., Class A Marchex Inc. MasterCard Inc., Class A MAXIMUS Inc. McAfee Inc. Mentor Graphics Corp. Micros Systems Inc. Microsoft Corp. ModusLink Global Solutions Inc. MoneyGram International Inc. Monotype Imaging Holdings Inc. NCI Inc., Class A Netscout Systems Inc. NetSuite Inc. NeuStar Inc. NIC Inc.
9,607 51,723 94,426 40,637 29,810 113,579 8,723 477,305 238,107 40,564 28,737 22,437 49,506 1,006,771 48,342 15,339 25,875 45,758 319,653 27,771 23,477 25,092 19,517 15,973 10,289 16,446 26,482 17,737 32,749 84,549 45,414 86,933 51,922 16,241 15,445 34,109 99,296 44,610 19,868 16,262 31,563 18,723 45,504 12,099 188,150 22,464 82,695 68,698 74,763 2,035,677 54,824 15,648 17,481 18,001 26,396 3,825 69,353 8,207
10,060 58,240 47,655 40,212 35,657 90,384 2,800 475,995 228,305 48,320 39,550 19,956 42,789 947,198 61,318 8,376 25,277 47,690 188,276 51,861 28,034 43,217 14,371 6,840 4,056 13,958 22,196 30,791 26,664 103,551 44,114 94,060 58,661 14,052 12,469 24,815 94,809 36,864 28,975 16,505 38,004 20,508 49,850 4,508 201,770 36,963 71,877 59,354 89,907 1,723,727 25,164 12,519 22,994 14,384 39,359 5,382 59,268 8,871
23,200 9,097 1,400 6,900 1,400 40,600 5,780 3,2,2,802 1,000 5,200 1,400 1,700 9,900 3,1,000 4,787 3,800 3,000 6,000 1,500 8,200 1,800 2,1,300 3,701 1,031 2,700 2,2,800 1,800 1,840 10,100 1,900 5,4,800 2,100 1,700 1,700 4,100 1,3,300 8,500 1,202 3,5,700 600
Novell Inc. Nuance Communications Inc. Online Resources Corp. Openwave Systems Inc. Opnet Technologies Inc. Oracle Corp. Parametric Technology Corp. Paychex Inc. Pegasystems Inc. Perficient Inc. Phoenix Technologies Ltd. Progress Software Corp. QAD Inc. Quest Software Inc. Rackspace Hosting Inc. Radiant Systems Inc. RealNetworks Inc. Red Hat Inc. Renaissance Learning Inc. RightNow Technologies Inc. Rovi Corp. S1 Corp. Saba Software Inc. SAIC Inc. Salesforce.com Inc. Sapient Corp. SAVVIS Inc. Smith Micro Software Inc. Solera Holdings Inc. Sonic Solutions Inc. SonicWALL Inc. Sourcefire Inc. SRA International Inc., Class A SRS Labs Inc. StarTek Inc. SuccessFactors Inc. Support.com Inc. Sybase Inc. Symantec Corp. Synchronoss Technologies Inc. Synopsys Inc. Syntel Inc. Take-Two Interactive Software Inc. Taleo Corp., Class A TechTarget Inc. TeleCommunication Systems Inc., Class A TeleTech Holdings Inc. Terremark Worldwide Inc. TheStreet.com Inc. THQ Inc. TIBCO Software Inc. Tier Technologies Inc. TiVo Inc. TNS Inc. Total System Services Inc. Travelzoo Inc. Tyler Technologies Inc. Ultimate Software Group Inc.

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD BMD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
2,600 4,200 1,020 6,558 1,400 1,500 2,400 6,800 1,300 1,200 4,500 1,600 23,034 1,000 1,200 2,600 2,1,600 3,700 9,800 1,800 1,300 8,900 1,800 1,247 2,1,800 2,727 7,400 3,200 8,2,900 1,600 2,500 1,978 5,900 7,500 7,404 2,400 1,600 1,600 4,300 8,100 5,300 1,500 2,100 2,200 2,228 3,200 4,100 2,400 4,200 1,300
Gulfport Energy Corp. Helix Energy Solutions Group Inc. Helmerich & Payne Inc. Hess Corp. HKN Inc. Holly Corp. Hornbeck Offshore Services Inc. International Coal Group Inc. ION Geophysical Corp. James River Coal Co. Key Energy Services Inc. Lufkin Industries Inc. Marathon Oil Corp. Mariner Energy Inc. Massey Energy Co. Matrix Service Co. McMoRan Exploration Co. Mitcham Industries Inc. Murphy Oil Corp. Nabors Industries Ltd. National Oilwell Varco Inc. Natural Gas Services Group Inc. Newfield Exploration Co. Newpark Resources Noble Energy Inc. Northern Oil And Gas Inc. Occidental Petroleum Corp. Oceaneering International Inc. Oil States International Inc. Overseas Shipholding Group OYO Geospace Corp. Panhandle Oil and Gas Inc. Parker Drilling Co. Patriot Coal Corp. Patterson-UTI Energy Inc. Penn Virginia Corp. PetroHawk Energy Corp. Petroleum Development Corp. Petroquest Energy Inc. PHI Inc., Non-Voting Shares Pioneer Drilling Co. Pioneer Natural Resources Co. Plains Exploration & Production Co. Pride International Inc. Quicksilver Resources Inc. Range Resources Corp. Rosetta Resources Inc. Rowan Cos. Inc. RPC Inc. SEACOR Holdings Inc. SM Energy Company Smith International Inc. Stone Energy Corp. Sunoco Inc. Superior Energy Services Inc. Superior Well Services Inc. Swift Energy Co. T-3 Energy Services Inc.
25,332 59,859 38,066 377,559 5,238 44,806 63,838 33,663 7,448 26,499 42,883 52,225 951,789 16,087 46,301 25,797 22,396 6,239 93,968 86,025 385,086 30,434 63,943 33,486 105,671 13,225 192,642 18,669 45,561 166,879 21,467 15,939 40,911 54,663 125,268 17,860 67,634 53,742 16,580 53,078 70,377 323,624 406,333 76,694 21,610 81,056 77,691 274,997 57,043 117,815 60,741 69,357 46,273 94,736 87,566 32,944 133,205 34,788

The accompanying notes are an integral part of these financial statements. 54
USD USD USD USD USD USD USD USD USD USD USD USD USD
1,200 7,463 6,900 2,500 1,300 1,600 1,200 1,200 1,600 19,100 1,700
Triple-S Management Corp., Class B UnitedHealth Group Inc. Universal American Financial Corp. Universal Health Services Inc. US Physical Therapy Inc. VCA Antech Inc. Vital Images Inc. Volcano Corp. WellCare Health Plans Inc. WellPoint Inc. Wright Medical Group Inc. Young Innovations Inc. Zimmer Holdings Inc.
20,192 206,175 84,046 79,181 21,725 40,518 15,450 20,130 55,306 1,151,469 25,510 12,497 43,338 7,972,550
23,697 225,473 105,774 101,532 23,361 42,139 16,288 27,874 40,436 994,893 22,959 14,984 40,277 7,654,461 5.15
2,800 3,110 5,400 2,800 1,11,5,900 6,000 1,200 3,500 1,400 2,200 2,700 2,45,540 1,2,900 1,800 4,400 1,800 2,689 2,700 2,700 1,700 1,600 12,1,354 3,400 5,200 2,550 1,900 300
MannKind Corp. Martek Biosciences Corp. Maxygen Inc. Medicis Pharmaceutical Corp., Class A Medivation Inc. Medtox Scientific Inc. Merck & Co., Ltd. Millipore Corp. Mylan Inc. Nektar Therapeutics Onyx Pharmaceuticals Inc. Pain Therapeutics Inc. Par Pharmaceutical Cos Inc. Parexel International Corp. PDL BioPharma Inc. PerkinElmer Inc. Perrigo Co. Pfizer Inc. Pharmaceutical Product Development Inc. Poniard Pharmaceuticals Inc. Progenics Pharmaceuticals Inc. Rigel Pharmaceuticals Inc. Salix Pharmaceuticals Ltd. Seattle Genetics Inc. Sequenom Inc. Spectrum Pharmaceuticals Inc. SuperGen Inc. Targacept Inc. The Medicines Co. Thermo Fisher Scientific Inc. Transcept Pharmaceuticals Inc. Valeant Pharmaceuticals International Vical Inc. Viropharma Inc. Vivus Inc. Watson Pharmaceuticals Inc. XenoPort Inc.
20,218 60,903 31,840 71,749 32,742 7,769 373,547 21,741 128,338 58,964 36,697 18,357 35,605 30,499 23,894 56,348 15,709 823,385 42,464 1,825 12,619 14,549 100,030 17,878 9,072 14,132 8,088 37,701 12,983 528,436 7,651 48,756 12,507 41,537 22,969 77,373 5,070 4,342,646 12,315,196
19,047 78,498 31,790 65,219 10,340 10,433 409,151 34,044 107,026 77,287 27,580 20,679 38,690 50,775 16,154 57,211 25,153 690,837 51,16,887 13,777 182,818 22,975 16,889 11,239 5,777 34,892 12,962 667,961 7,476 75,357 11,220 62,055 26,060 82,019 3,133 4,538,946 12,193,407 3.05 8.20
Pharmaceuticals Biotechnology & Life Sciences USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 703 3,100 3,000 2,000 3,5,300 1,100 1,100 1,419 4,500 9,795 1,400 1,2,237 5,000 1,1,200 3,3,800 5,2,700 3,4,156 7,800 1,394 3,13,400 1,500 1,400 1,200 Abraxis Bioscience Inc. Accelrys Inc. Affymetrix Inc. Albany Molecular Research Inc. Amgen Inc. Ardea Biosciences Inc. Ariad Pharmaceuticals Inc. AVANIR Pharmaceuticals Inc. Bio-Rad Laboratories Inc. BioClinica Inc. Biogen Idec Inc. BioSphere Medical Inc. Caraco Pharmaceutical Laboratories Ltd. Celera Corp. Cephalon Inc. Charles River Laboratories International Inc. Covance Inc. Cubist Pharmaceuticals Inc. Cypress Bioscience Inc. Dendreon Corp. Dionex Corp. Emergent Biosolutions Inc. Endo Pharmaceuticals Holdings Inc. Enzon Pharmaceuticals Inc. eResearchTechnology Inc. Forest Laboratories Inc., Class A Furiex Pharmaceuticals Inc Genomic Health Inc. Genzyme Corp. Geron Corp. Harvard Bioscience Inc. Hi-Tech Pharmacal Co Inc. Incyte Corp. Ltd. Indevus Pharmaceuticals Inc. Infinity Pharmaceuticals Inc. Inspire Pharmaceuticals Inc. Kendle International Inc. King Pharmaceuticals Inc. Lannett Co Inc. Life Technologies Corp. Luminex Corp. 31,558 16,356 16,207 18,389 182,470 6,335 11,225 1,604 31,312 4,995 58,508 4,415 19,108 72,441 85,126 66,707 34,095 42,110 31,689 30,890 21,987 17,759 63,718 9,516 24,643 176,806 2,834 16,203 19,724 17,425 12,512 12,808 35,732 8,116 9,626 19,833 4,018 138,285 9,349 74,546 17,721 55,530 21,286 18,843 10,965 176,386 10,223 15,611 1,540 27,574 4,778 55,541 6,526 22,563 68,299 84,579 61,857 32,761 49,057 12,189 34,385 23,780 20,823 69,686 10,204 31,877 166,323 1,701 11,012 21,556 14,429 12,059 14,601 48,933 8,220 8,756 19,655 2,759 108,272 7,298 70,420 20,720

The accompanying notes are an integral part of these financial statements. 56
1,800 3,200 6,100 3,900 1,400 13,527 1,912 1,600 1,100 2,900 3,1,600 1,300 1,500 1,000 1,026 1,500 1,424 1,500 3,510 1,766 1,500 2,057 1,162 6,2,205 16,8,998 21,500 1,900 3,500 3,700 2,900 1,600 2,300 4,857 3,9,483 1,611 2,166 5,375 1,921 1,903 1,300 1,700 16,100 3,360 2,300
PrivateBancorp Inc. Prosperity Bancshares Inc. Provident Financial Services Inc. Provident New York Bancorp Radian Group Inc. Regions Financial Corp. Renasant Corp. Republic First Bancorp Inc. Riverview Bancorp Inc. Rockville Financial Inc. Roma Financial Corp. Rome Bancorp Inc. S&T Bancorp Inc. Sandy Spring Bancorp Inc. SCBT Financial Corp. Seacoast Banking Corp. of Florida Shore Bancshares Inc. SI Financial Group Inc. Sierra BanCorp. Signature Bank Simmons First National Corp. Smithtown Bancorp Inc. Southern Community Financial Corp. Southside Bancshares Inc. State Bancorp Inc. StellarOne Corp. Sterling Bancorp/NY Sterling Bancshares Inc. Suffolk BanCorp. Sun Bancorp Inc. SunTrust Banks Inc. Superior Bancorp Susquehanna Bancshares Inc. SVB Financial Group SY Bancorp Inc. Synovus Financial Corp. Taylor Capital Group Inc. TCF Financial Corp. Texas Capital Bancshares Inc. TFS Financial Corp. Tompkins Financial Corp. TowneBank Trico Bancshares Trustco Bank Corp. NY Trustmark Corp. UCBH Holdings Inc. UMB Financial Corp. Umpqua Holdings Corp. Union First Market Bankshare United Bankshares Inc. United Community Banks Inc. United Financial Bancorp, Inc. United Security Bancshares United Western Bancorp Inc. Univest Corp. of Pennsylvania US BanCorp. Valley National BanCorp. ViewPoint Financial Group
19,449 102,117 89,599 42,336 5,849 175,416 34,243 7,046 10,777 32,035 38,943 9,184 30,388 33,425 39,413 17,135 7,620 4,698 8,530 50,009 37,432 12,581 13,530 35,797 11,399 29,559 8,342 37,410 14,699 31,723 1,342,653 19,971 148,463 38,386 23,769 267,379 32,763 53,437 56,344 31,839 36,799 18,931 26,638 15,060 100,148 35,974 37,716 168,941 19,675 37,882 59,585 26,756 10,686 14,668 29,339 398,463 48,584 31,958

The accompanying notes are an integral part of these financial statements. 60
USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD KYD USD
3,400 10,266 6,3,200 1,300 1,900 3,020 1,300 3,437 5,500 4,400 1,600 1,530 8,602 1,200 1,600 1,791 2,1,600 2,721 5,150 18,2,400 2,100 2,900 3,900 2,5,200 2,430 1,900 1,000 1,400 2,600 1,1,900 1,800 1,600 1,100 2,000 1,465 1,100 2,11,600 1,200 3,700 2,600 1,902 2,000 11,400
Infinera Corp. Ingram Micro Inc., Class A Insight Enterprises Inc. InterDigital Inc. Intermec Inc. Intevac Inc. IPG Photonics Corp. Isilon Systems Inc. Itron Inc. Ixia Jabil Circuit Inc. JDS Uniphase Corp. Juniper Networks Inc. KVH Industries Inc. L-1 Identity Solutions Inc. LeCroy Corp. Lexmark International Inc., Class A Littelfuse Inc. LoJack Corp. Loral Space & Communications Inc. Measurement Specialties, Inc. Mercury Computer Systems Inc. Methode Electronics Inc., Class A Motorola Inc. MTS Systems Corp. Multi-Fineline Electronix Inc. National Instruments Corp. NCR Corp. Netgear Inc. Network Equipment Technologies Inc. Newport Corp. Novatel Wireless Inc. Nu Horizons Electronics Corp. Occam Networks Inc. Oplink Communications Inc. OSI Systems Inc. Palm Inc. Park Electrochemical Corp. PC Connection Inc. PC Mall Inc. Performance Technologies Inc. Plantronics Inc. Plexus Corp. Polycom Inc. QLogic Corp. Radisys Corp. Richardson Electronics Ltd. Rimage Corp. Rofin-Sinar Technologies Inc. Rogers Corp. SanDisk Corp. Scansource Inc. Seachange International Inc. ShoreTel Inc. Silicon Graphics International Corp. SMART Modular Technologies WWH Inc. Sonus Networks Inc.
29,911 202,485 96,195 19,701 44,699 15,287 30,064 18,029 87,792 24,962 91,473 36,617 43,030 19,603 112,853 5,007 44,355 44,111 10,012 28,889 19,255 31,593 47,681 109,605 18,168 61,018 24,123 4,251 47,322 12,314 47,820 25,626 5,132 24,886 40,855 39,181 13,180 36,345 24,300 6,821 2,354 54,378 51,800 38,850 22,089 20,748 12,376 20,279 48,009 21,851 375,203 32,377 25,709 16,806 12,694 15,356 26,342
23,273 166,007 84,057 21,027 34,917 14,766 30,805 41,184 85,485 31,357 77,814 46,044 38,869 20,229 74,998 6,119 56,240 60,230 8,642 40,930 23,301 33,978 53,399 129,790 18,523 61,433 27,065 5,161 39,815 10,743 37,615 16,498 1,286 30,668 37,070 56,088 6,057 36,320 16,718 4,684 1,840 57,848 51,239 50,724 19,462 20,269 14,036 18,537 44,328 20,694 518,281 31,847 32,377 12,843 14,335 12,413 32,888

17,061 17,171 18,163 22,457 52,851 16,690 16,372 554,708 56,173 94,427 23,533 10,500 32,291 55,889 16,528 78,468 6,856 38,594 39,569 22,110 17,105 16,212 34,091 36,051 34,443 9,998 22,499 40,761 17,336 19,174 38,473 41,453 65,571 36,854 53,295 22,901 16,932 16,669 89,551 3,010,660 15,317,138
14,835 23,167 20,258 18,608 46,306 23,795 17,712 416,164 52,917 101,635 19,013 17,410 40,464 70,165 13,043 132,379 9,259 36,638 35,977 20,561 13,033 28,513 28,573 34,854 30,903 15,276 21,589 55,376 21,016 18,744 40,999 27,338 77,130 41,569 65,687 45,858 24,549 18,823 62,672 2,951,526 14,463,970 1.99
USD USD USD USD USD USD USD USD USD USD USD USD
3,392 1,200 83,120 1,100 2,200 3,100 3,500 1,500 2,300 1,900 26,191 1,366
Premiere Global Services Inc. Shenandoah Telecommunications Co. Sprint Nextel Corp. SureWest Communications Syniverse Holdings Inc. Telephone & Data Systems Inc. Telephone & Data Systems Inc. tw telecom Inc. US Cellular Corp. USA Mobility Inc. Verizon Communications Inc. Windstream Corp.
27,987 22,463 1,570,565 18,966 37,922 151,495 126,514 23,570 116,315 19,969 862,799 15,159 7,005,327
22,857 22,662 374,295 7,424 47,894 100,291 98,402 26,587 100,730 26,133 780,968 15,356 5,256,713 3.53
Utilities USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 9.73 172,580,810 148,146,603 99.66 22,800 1,500 15,1,772 7,900 7,600 1,600 6,600 4,22,200 1,300 1,000 AES Corp. American States Water Co. American Water Works Co Inc. Avista Corp. Black Hills Corp. California Water Service Group Calpine Corp. MGE Energy Inc. Middlesex Water Co. Mirant Corp. NRG Energy Inc. Ormat Technologies Inc. Pennichuck Corp. PNM Resources Inc. Public Service Enterprise Group Inc. Questar Corp. RGC Resources Inc. Reliant Energy Inc. SJW Corp. South Jersey Industries Inc. Southwest Gas Corp. The Laclede Group Inc. UIL Holdings Corp. Unitil Corp. 180,636 14,193 17,257 23,562 20,349 19,266 191,960 21,255 30,488 173,936 208,901 26,008 14,568 19,087 223,275 176,360 2,944 397,771 43,967 26,391 20,088 20,496 8,608 23,876 1,905,242 216,168 14,112 17,544 22,870 24,246 18,970 203,835 21,667 29,899 88,809 164,828 18,038 14,071 18,992 220,126 227,605 3,274 89,333 44,916 32,013 22,133 21,161 7,994 22,207 1,564,811 1.05
Telecommunication Services USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 300 1,114,035 1,200 3,9,400 4,988 2,000 6,200 4,585 1,482 1,591 1,500 1,400 1,610 4,494 AboveNet Inc. Alaska Communications Systems Group Inc. Arbinet Corp AT&T Inc. Atlantic Tele-Network Inc. Aviat Networks Inc. Cbeyond Inc. CenturyTel Inc. Cincinnati Bell Inc. Cogent Communications Group Inc. Frontier Communications Corp. General Communication Inc., Class A HickoryTech Corp. IDT Corp Class B Neutral Tandem Inc. NII Holdings Inc. NTELOS Holdings Corp. PAETEC Holding Corp. 17,954 11,829 3,721 3,254,651 67,074 40,400 9,342 336,204 16,023 17,826 49,913 29,746 13,692 10,526 37,475 50,801 26,855 17,571 15,052 15,365 3,094 2,931,725 52,759 11,979 9,648 333,127 15,983 16,139 46,796 37,047 10,649 21,595 17,964 48,467 29,411 16,314

The accompanying notes are an integral part of these financial statements. 76
USD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD USD HKD HKD HKD HKD HKD USD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD HKD USD HKD HKD
1,100 96,000 660,000 25,000 36,000 21,000 960,000 44,000 74,000 40,000 30,000 3,600 228,000 15,000 42,000 36,864 246,000 10,647 14,800 68,000 30,000 44,000 100,000 42,000 300,450 67,000 236,000 261,381 82,000 203,000 235,500 19,200 78,000 30,000 79,000 18,000 210,000 44,000 15,000 75,000 70,000 42,500 10,000 30,000 5,000
Huaneng Power International Inc., ADR Hunan Non-Ferrous Metal Corporation Ltd. Industrial & Commercial Bank of China Intime Department Store Group Co., Ltd. Jiangsu Express Co. Ltd. Jiangxi Copper Co., Ltd. Kai Yuan Holdings Ltd. Kasen International Holdings Ltd. Maanshan Iron & Steel Minth Group Ltd. NetDragon Websoft Inc. PetroChina Co. Ltd., ADR PICC Property & Casualty Co. Ltd., Class H Ping An Insurance Group Co. of China Ltd. Qingling Motors Co., Ltd. Qunxing Paper Holdings Co., Ltd. Samson Holding Ltd. Semiconductor Manufacturing International Corp. Shandong Molong Petroleum Machinery Co., Ltd. Shanghai Electric Group Co. Ltd., Class H Shanghai Industrial Holdings Ltd. Shanghai Jin Jiang International Hotels (Group) Co., Ltd. Shanghai Real Estate Ltd. Shenzhen Expressway Co. Ltd., Class H Shui On Land Limited Sichuan Xinhua Winshare Chainstore Co., Ltd. Sinofert Holdings Ltd. Sino-Ocean Land Holdings Ltd. Sinopec Yizheng Chemical Fibre Co. Ltd., Class H Sinotrans Ltd., Class H Soho China Ltd. Tencent Holdings Ltd. Tianjin Port Development Holdings Ltd. Tingyi Cayman Islands Holding Corp. Travelsky Technology Ltd. Truly International Holdings United Energy Group Wasion Group Holdings Ltd. Weiqiao Textile Co., Class H Xingda International Holdings Ltd. Xiwang Sugar Holdings Company Ltd Xtep International Holdings Ltd. Yanzhou Coal Mining Co. Ltd., ADS Zhejiang Expressway Co. Ltd. Zhuzhou CSR Times Electric Co., Ltd.
Crypus 47,278 39,984 512,265 22,331 38,254 45,477 46,614 19,683 53,697 56,352 16,730 389,153 169,437 148,825 10,422 14,510 50,003 57,859 18,721 34,541 67,781 14,614 10,018 39,026 186,694 29,514 144,588 148,403 35,827 71,979 127,657 134,117 25,344 50,965 71,391 23,388 14,124 30,278 32,399 36,670 22,981 28,309 177,837 36,661 10,094 11,470,054 27,460 33,466 517,007 26,829 34,844 42,087 34,123 11,128 34,700 50,582 14,395 420,529 233,773 131,548 10,680 13,153 36,657 43,297 14,264 32,165 127,755 10,647 10,527 19,809 138,420 38,195 99,371 201,535 17,936 49,121 146,809 342,538 18,234 78,744 68,904 21,384 14,929 29,354 9,720 44,909 17,991 37,301 203,330 29,529 11,361 11,116,978 3.22 DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK USD DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK DKK 1,031 1,3,1,782 3,151 15,270 6,750 2,12,400 2,300 2,817 1,472 3,152 1,050 1,195 1,1,450 4,190 1,1,2,200 Denmark ALK-Abello A/S Alm Brand A/S, Registered Shares Amagerbanken AS AP Moller - Maersk A/S Auriga Industries Bang & Olufsen A/S Bavarian Nordic A/S Carlsberg A/S, Class B Coloplast A/S D/S Norden Danisco A/S Den Danske Bank A/S Dfds A/S Dfds A/S DSV A/S East Asiatic Co. Ltd. A/S Fionia Bank A/S FLSmidth & Co. A/S Genmab A/S GN Store Nord Greentech Energy Systems A/S H Lundbeck A/S H+H International A/S Jyske Bank NeuroSearch A/S NKT Holding A/S Novo Nordisk A/S, ADR Novo-Nordisk A/S Novozymes A/S, Class B Ringkjoebing Landbobank A/S Rockwool International AS, Series B Royal UNIBREW A/S Schouw & Co. SimCorp A/S Sjaelso Gruppen A/S Solor A/S Spar Nord Bank A/S Sydbank A/S TK Development A/S Topdanmark AS Torm A/S TrygVesta AS Vestas Wind Systems A/S Vestjysk Bank A/S William Demant A.S. 45,379 27,029 31,248 399,625 19,505 43,531 28,896 223,745 29,440 60,822 220,861 523,491 39,201 98,349 28,166 25,423 122,254 53,349 55,066 34,894 65,870 18,611 166,480 40,467 82,205 87,042 25,142 32,556 46,331 51,576 23,880 16,035 22,752 19,227 8,163 36,991 108,908 33,193 103,058 29,858 60,088 71,726 25,276 18,212 3,303,921 19,964 4,954 2,451 363,995 15,044 10,097 9,611 246,355 37,096 65,925 226,810 325,279 17,576 2,571 92,331 13,683 192,693 6,715 92,311 5,064 41,007 12,219 97,660 16,422 57,073 120,720 68,908 45,645 36,656 44,489 10,197 11,929 20,7,446 14,823 91,160 5,583 94,905 8,021 42,163 89,952 7,363 15,630 2,711,684 0.79 CZK CZK CZK CZK 1,3,474 5,820 NOK NOK 100 5,400 ProSafe ASA Songa Offshore SE 1,223 13,726 14,949 Czech Republic CEZ A.S. Komercni Banka AS Telefonica O2 Czech Republic AS Unipetrol 82,368 66,930 102,293 77,636 329,227 65,994 58,758 72,002 56,008 252,762 0.14,044 14,472

ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR USD USD ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR
38,435 5,785 4,659 14,124 5,997 7,523 53,815 2,157 32,469 3,200 7,058 8,316 71,350 3,960 3,705 4,657 11,454 4,044 18,149
Netcare Ltd. Northam Platinum Ltd. Pioneer Foods Ltd. Pretoria Portland Cement Co., Ltd. PSG Group Ltd. Reunert Sanlam Ltd. Santam Ltd. Sappi Ltd. Sasol Ltd., ADR Spar Group Limited Standard Bank Group Ltd. Steinhoff International Holdings Ltd. Sun International Ltd. Tiger Brands Ltd. Tongaat Hulett Ltd. Truworths International Ltd. Wilson Bayly Holmes-Ovcon Ltd. Woolworths Holdings Ltd/South Africa
64,086 33,603 25,102 66,097 20,022 57,194 174,348 28,988 150,028 131,728 65,631 125,042 190,955 51,501 86,854 63,933 69,563 60,903 42,863 3,990,030
68,770 36,509 26,301 62,121 22,517 59,696 170,633 33,359 130,656 120,150 77,730 117,894 176,255 45,314 87,490 67,823 85,202 60,438 60,290 3,938,950 1.89
South Africa ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR USD ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR ZAR 5,112 8,036 3,769 17,608 3,131 3,372 5,385 25,241 17,970 19,322 3,661 4,450 15,327 12,166 1,066 19,621 7,941 24,590 26,176 6,120 21,200 14,197 2,410 5,629 6,946 7,904 8,150 5,916 5,548 15,471 33,933 6,491 8,655 34,536 1,827 7,473 ABSA Group Ltd. Adcock Ingram Holdings Ltd. Aeci Ltd. African Bank Investments Ltd. African Rainbow Minerals Ltd. Allied Technologies Ltd. Aspen Pharmacare Holdings Ltd. Aveng Ltd. AVI Ltd. Barloworld Ltd. Bidvest Group Ltd. Clicks Group Ltd. DataTec Ltd. Discovery Holdings Ltd. Exxaro Resources Ltd. FirstRand Ltd. Foschini Ltd. Gold Reef Resort Ltd. Grindrod Ltd. Group Five Ltd. Harmony Gold Mining Co., Ltd. Illovo Sugar Ltd. Impala Platinum Holdings Ltd. Imperial Holdings Ltd. Investec Ltd. JSE Ltd. Lewis Group Ltd. Liberty Holdings Ltd. Massmart Holdings Ltd. Medi-Clinic Corp. Ltd. Metropolitan Holdings Ltd. Mondi Ltd. Murray & Roberts Holdings Ltd. Nampak Ltd. Naspers Ltd. Nedbank Group Ltd. 93,312 60,071 34,366 72,637 72,479 38,106 53,670 142,907 60,671 123,151 66,586 19,102 59,343 55,123 14,033 48,645 63,451 68,405 65,744 33,235 231,586 62,559 64,403 64,130 54,094 68,159 63,739 55,090 68,248 50,044 64,961 37,961 66,027 83,238 70,316 131,997 85,511 64,614 34,247 73,928 69,919 28,296 56,392 119,384 54,984 108,782 61,894 20,955 60,460 59,061 16,316 49,150 70,547 54,571 51,919 29,286 237,647 54,644 60,169 66,989 51,881 72,027 65,678 59,458 90,727 56,479 75,588 40,685 46,098 91,733 65,400 124,383 KRW KRW KRW KRW KRW KRW KRW KRW KRW 2,600 1,760 4,260 8,080 3,636 2,330 1,249 KRW KRW KRW KRW KRW KRW 62,520 1,224 2,360 3,410 6,KRW KRW KRW KRW KRW KRW KRW KRW 6,220 5,420 4,390 3,460 1,520 3,2,990 KRW KRW KRW KRW KRW KRW KRW KRW KRW KRW 12,760 7,050 1,202 4,1,194 7,390 2,022

1,903,813 1,218,966 1,992,084 3,282,682 1,088,776 504,492 1,584,512 788,890 592,494 530,047 3,226,768 3,398,674 647,484 20,759,682

USD GBP CAD

400,000 1,000,000 2,300,000
Australia BHP Billiton Finance USA Ltd. Suncorp-Metway Ltd. Westpac Banking Corp.
1-Apr-14 16-Jan-14 1-Dec-14

5.500% 4.000% 3.750%

492,370 1,782,186 2,312,400 4,586,956
474,821 1,688,080 2,323,320 4,486,221

USD USD GBP

1,200,000 500,000 2,200,000
Britian Barclays Bank PLC Diageo PLC Government of United Kingdom
12-Sep-12 15-Jan-14 22-Jan-15

5.450% 7.375% 2.750%

1,531,314 611,037 3,383,650 5,526,001
1,357,588 624,580 3,602,846 5,585,014

400,000

Canada Canadian Natural Resources Ltd. France Total Capital SA

1-Oct-12

5.450%

498,015

456,716

1,400,000

22-Sep-11

4.875%

1,486,800

1,455,010

The accompanying notes are an integral part of these financial statements. 162
Description Germany Deutsche Bank AG

600,000

18-Aug-14

3.875%

643,417 643,417

659,805 659,805

CAD USD CAD
1,000,000 500,000 1,000,000
Netherlands Bankd Nederlandse Gemeenten Deutsche Telekom International Finance BV Rabobank Nederland
13-May-15 8-Jul-14 5-Feb-15

4.375% 4.875% 3.125%

1,063,000 560,069 987,000 2,610,069
1,076,500 570,410 993,035 2,639,945

400,000 500,000

Switzerland Credit Suisse UBS AG

15-May-13 15-Jan-15

5.000% 3.875%
489,185 512,707 1,001,892

454,940 529,643 984,583

USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
600,000 400,000 440,000 400,000 400,000 600,000 400,000 400,000 500,000 367,000 500,000 400,000 500,000 500,000 400,000 400,000 380,000 400,000 500,000 500,000 400,000 400,000 400,000 400,000 500,000 400,000 600,000 500,000 500,000 547,000 400,000 400,000 600,000 400,000 400,000 400,000
United States Adobe Systems Inc. Alcoa Inc. Allstate Corp. Altria Group, Inc. American Express Credit Corp. Amgen Inc. Apache Corp. Appalachian Power Co. Assurant Inc. AT&T Inc. Baker Hughes Inc. Bank of America Corp. Black Hills Corp. Blackrock Inc. Burlington Northern Santa Fe Corp. Capital One Financial Corp. Caterpillar Financial Services Corp. Chubb Corp. Coca-Cola Enterprises Inc. Comcast Corp. ConocoPhillips CSX Corp. CVS Caremark Corp. Dominion Resources Inc. Duke Energy Corp. Eaton Corp. Enterprise Products Operating LLC Express Scripts Inc. Hartford Financial Services Group Inc. Hess Corp. Hewlett-Packard Co. Integrys Energy Group Inc. Jefferies Group Inc. JPMorgan Chase & Co. Kinder Morgan Energy Partners LP Kraft Foods Inc.

to maximum annual fee and expense rates. The maximum annual operating fees and expenses of the DFA U.S. Vector Equity Fund changed to 1.75% from 1.77% for Class A units, to 1.85% from 1.77% for Class A(H) units and to 0.80% from 0.70% for Class F(H) units. The maximum annual operating fees and expenses of the DFA Investment Grade Fixed Income Fund changed to 1.95% from 1.97% for Class A units, to 2.10% from 1.97% for Class A(H) units and to 1.05% from 0.90% for Class F(H) units. The maximum annual operating fees and expenses of the DFA Global Real Estate Securities Fund changed to 1.75% from 1.76% for Class A units. In respect of sales charges, no sales commissions will be charged if investors buy units directly from the Manager. A commission will be charged if investors buy units from a dealer and these charges are negotiated between investors and the dealer. 6. Taxation of the Funds and Allocation to Unitholders The Funds qualify as mutual fund trusts as defined in the Income Tax Act (Canada) (the Act). Pursuant to the terms of the Declaration of Trust, the Funds pay or make payable in the calendar year to the unitholders all the net income and such portion of the net capital gains which will result in the Funds paying no tax under the current provisions of the Act. As a result, under existing tax legislation, the net income and net capital gains are taxable in the hands of the unitholders of the Funds. Accordingly, no provision for Canadian income taxes has been made in these financial statements. As at December 31, 2009 and 2008, the Funds had accumulated non-capital losses and net capital losses as follows:
Non-Capital Losses DFA Canadian Core Equity Fund DFA U.S. Core Equity Fund DFA U.S. Vector Equity Fund DFA International Core Equity Fund DFA International Vector Equity Fund DFA Global Real Estate Securities Fund DFA Five-Year Global Fixed Income Fund DFA Investment Grade Fixed Income Fund $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ N/A Net Capital Losses $ 8,222,122 $ 23,256,735 $ 23,049,052 $ 4,656,327 $ 7,730,573 $ 1,026,851 $ 1,765,199 $ $ 3,033,008 $ 14,372,464 $ 12,744,914 $ 4,338,160 $ 2,253,439 $ $ 48,441,750 N/A

Total ($)

206,029,424 217,971,423

343,006 2,616,693

206,372,430 220,588,116

77,690,960 72,669,790

24,388

77,715,348 72,669,790

368,547,193 295,348,425 (12,694,708) 4,631,891
145,795,798 108,936,482 (1,955,748) 198,025
None of the Funds had significant financial instruments that would be classified as Level 3 as at June 30, 2010. During the period, $1,101,655 (2009: $3,731,475) was transferred from Level 1 to Level 2 and $3,074,929 (2009: $1,958,156) was transferred from Level 2 to Level 1 for the DFA International Core Equity Fund. No other Funds had significant transfers. 13. Securities Lending The Funds may enter into securities lending transactions, as permitted by Canadian securities regulatory authorities, to earn additional income for the Funds. Each Fund receives the collateral as described below and securities on loan continue to be displayed in the Statement of Investment Portfolio. Pursuant to the Agreement with the lending agent, loans of securities are required at all times to be secured by collateral equal to no less than 105% of the market value of the loaned securities measured each business day. Collateral held to secure loans may be cash, qualified securities (as defined by National Instrument 81-102 Mutual Funds) and securities that are immediately convertible into, or exchangeable for, securities of the same issuer, class or type, and the same term, if applicable, as the securities that are being loaned by the Funds, and in at least the same number as those loaned by the Funds. The Funds do not hold cash collateral as at June 30, 2010. Income from securities lending is included in the Statements of Operations and recognized when earned.
As of June 30, 2010 and December 31, 2009, the Fund had the following assets outstanding involved in securities lending transactions:
Outstanding loans June 30, 2010 DFA Canadian Core Equity Fund DFA U.S. Core Equity Fund DFA U.S. Vector Equity Fund DFA International Core Equity Fund DFA International Vector Equity Fund DFA Global Real Estate Securities Fund DFA Five-Year Global Fixed Income Fund DFA Investment Grade Fixed Income Fund $ 57,559,094 $ 37,347,200 $ 17,934,182 $ 6,363,828 $ 2,137,105 $ $ 15,544,848 $ 23,150,451 Collateral amount June 30, 2010 $ 60,447,588 $ 39,236,785 $ 18,831,212 $ 6,682,024 $ 2,243,965 $ $ 16,322,092 $ 24,307,974 Outstanding loans December 31, 2009 $ $ $ $ $ $ $ $ 60,836,487 24,476,579 12,555,082 9,700,360 8,907,099 3,290 17,215,534 18,394,447 Collateral amount December 31, 2009 $ $ $ $ $ $ $ $ 64,064,073 25,701,909 13,182,841 10,185,383 9,352,459 3,455 18,076,312 19,314,170
International Financial Reporting Standards As at June 30, 2010 the Manager developed a changeover plan to meet the timetable published by the Canadian Institute of Chartered Accountants in order to introduce International Financial Reporting Standards (IFRS). The key elements of the plan include disclosures of the qualitative impact, if any, in the 2010 financial statements, the disclosures of the quantitative impact, if any, in the 2010 financial statements and the preparation of the 2011 financial statements in accordance with IFRS with comparatives. The Manager has presently determined that there will be no impact to Net Assets per unit from the changeover to IFRS. The impact of IFRS on accounting policies and implementation decisions will mainly be in the areas of additional note disclosures in the financial statements of the Fund. In February 2008, the Canadian Accounting Standards Board (AcSB) confirmed that International Financial Reporting Standards (IFRS) will replace current Canadian standards and interpretations for publicly accountable enterprises, which includes investment funds, effective January 1, 2011. For the Fund, IFRS will apply to semi-annual and annual financial statements for fiscal years beginning on or after January 1, 2011. In June 2010, the AcSB proposed, subject to comments received following exposure, to amend the Introduction to Part I of the CICA Handbook Accounting (Handbook) to require the adoption of IFRS by investment companies as defined in and applying Accounting Guideline 18, Investment Companies, for interim and annual financial statements relating to annual periods beginning on or after January 1, 2012, with earlier application permitted. The AcSB expects to finalize the proposed amendment in September 2010 and if the amendment becomes effective it would allow the Fund to adopt IFRS effective either on January 1, 2011 or January 1, 2012. Management has been monitoring developments in the IFRS conversion program including the recent proposed amendment issued by the AcSB and has been assessing the likely impacts on the implementation decisions, internal controls, information systems and training.