N-CSRS 1 Main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-2105

Fidelity Salem Street Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	April 30

Date of reporting period:	October 31, 2014

Item 1. Reports to Stockholders

Spartan® Mid Cap Index
Fund

Spartan Small Cap Index Fund

Institutional Class

Fidelity Advantage® Institutional Class

Semiannual Report

October 31, 2014

(Fidelity Cover Art)

Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Spartan® Mid Cap Index Fund
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Spartan Small Cap Index Fund
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	(Click Here)	Notes to the financial statements.
Board Approval of Investment Advisory Contracts and Management Fees	(Click Here)

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Semiannual Report

This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Semiannual Report

Shareholder Expense Example

As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2014 to October 31, 2014).

Actual Expenses

The first line of the accompanying table for each class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table for each class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Semiannual Report

	Annualized Expense Ratio ^B	Beginning Account Value May 1, 2014	Ending Account Value October 31, 2014	Expenses Paid During Period* May 1, 2014 to October 31, 2014
Spartan Mid Cap Index Fund
Investor Class	.22%
Actual		$ 1,000.00	$ 1,069.30	$ 1.15
Hypothetical^A		$ 1,000.00	$ 1,024.10	$ 1.12
Fidelity Advantage Class	.08%
Actual		$ 1,000.00	$ 1,069.90	$ .42
Hypothetical^A		$ 1,000.00	$ 1,024.80	$ .41
Institutional Class	.06%
Actual		$ 1,000.00	$ 1,069.30	$ .31
Hypothetical^A		$ 1,000.00	$ 1,024.90	$ .31
Fidelity Advantage Institutional Class	.04%
Actual		$ 1,000.00	$ 1,069.40	$ .21
Hypothetical^A		$ 1,000.00	$ 1,025.00	$ .20
Spartan Small Cap Index Fund
Investor Class	.23%
Actual		$ 1,000.00	$ 1,049.00	$ 1.19
Hypothetical^A		$ 1,000.00	$ 1,024.05	$ 1.17
Fidelity Advantage Class	.09%
Actual		$ 1,000.00	$ 1,050.20	$ .47
Hypothetical^A		$ 1,000.00	$ 1,024.75	$ .46
Institutional Class	.07%
Actual		$ 1,000.00	$ 1,049.60	$ .36
Hypothetical^A		$ 1,000.00	$ 1,024.85	$ .36
Fidelity Advantage Institutional Class	.05%
Actual		$ 1,000.00	$ 1,049.70	$ .26
Hypothetical^A		$ 1,000.00	$ 1,024.95	$ .26

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period).

Semiannual Report

Spartan Mid Cap Index

Investment Changes (Unaudited)

Top Ten Stocks as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Kroger Co.	0.5	0.4
Sempra Energy	0.4	0.4
Applied Materials, Inc.	0.4	0.4
Illumina, Inc.	0.4	0.3
Cigna Corp.	0.4	0.4
Cardinal Health, Inc.	0.4	0.4
Vertex Pharmaceuticals, Inc.	0.4	0.3
Crown Castle International Corp.	0.4	0.4
Aon PLC	0.4	0.4
Intuit, Inc.	0.4	0.4
	4.1
Market Sectors as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	20.6	20.0
Consumer Discretionary	16.7	16.6
Information Technology	14.3	13.3
Industrials	12.9	13.5
Health Care	11.5	11.0
Utilities	6.1	6.1
Materials	5.7	5.7
Consumer Staples	5.6	5.7
Energy	5.4	7.1
Telecommunication Services	0.7	0.7

Semiannual Report

Spartan Mid Cap Index

Investments October 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.5%
	Shares		Value
CONSUMER DISCRETIONARY - 16.7%
Auto Components - 0.7%
BorgWarner, Inc.	30,590		$ 1,744,242
Gentex Corp.	19,279		631,194
Lear Corp.	10,715		991,138
The Goodyear Tire & Rubber Co.	36,942		895,105
TRW Automotive Holdings Corp. (a)	14,765		1,496,433
Visteon Corp. (a)	5,808		545,371
			6,303,483
Automobiles - 0.6%
Harley-Davidson, Inc.	29,148		1,915,024
Tesla Motors, Inc. (a)(d)	12,646		3,056,538
Thor Industries, Inc.	6,259		331,039
			5,302,601
Distributors - 0.4%
Genuine Parts Co.	20,550		1,994,994
LKQ Corp. (a)	40,270		1,150,514
			3,145,508
Diversified Consumer Services - 0.4%
Apollo Education Group, Inc. Class A (non-vtg.) (a)	12,786		366,447
DeVry, Inc.	8,312		402,384
Graham Holdings Co.	475		372,210
H&R Block, Inc.	36,262		1,171,625
Service Corp. International	28,528		623,907
ServiceMaster Global Holdings, Inc.	5,461		130,955
			3,067,528
Hotels, Restaurants & Leisure - 2.3%
ARAMARK Holdings Corp.	5,370		149,877
Bally Technologies, Inc. (a)	5,311		427,004
Brinker International, Inc.	8,546		458,407
Burger King Worldwide, Inc. (d)	14,173		463,174
Chipotle Mexican Grill, Inc. (a)	4,134		2,637,492
Choice Hotels International, Inc.	4,596		245,886
Darden Restaurants, Inc. (d)	17,514		906,875
Domino's Pizza, Inc.	7,488		664,860
Dunkin' Brands Group, Inc.	14,430		656,276
Hilton Worldwide Holdings, Inc.	18,191		459,141
Hyatt Hotels Corp. Class A (a)	5,670		335,777
International Game Technology	32,613		534,527
Marriott International, Inc. Class A	29,481		2,233,186
MGM Mirage, Inc. (a)	49,233		1,144,667
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Norwegian Cruise Line Holdings Ltd. (a)	12,221		$ 476,619
Panera Bread Co. Class A (a)(d)	3,229		521,936
Royal Caribbean Cruises Ltd.	21,999		1,495,272
SeaWorld Entertainment, Inc.	8,592		165,310
Six Flags Entertainment Corp.	9,760		393,328
Starwood Hotels & Resorts Worldwide, Inc.	25,581		1,961,039
Wendy's Co.	35,459		284,381
Wyndham Worldwide Corp.	16,845		1,308,351
Wynn Resorts Ltd.	10,784		2,049,068
			19,972,453
Household Durables - 1.6%
D.R. Horton, Inc.	42,651		972,016
Garmin Ltd. (d)	16,231		900,496
GoPro, Inc. Class A (d)	2,617		201,771
Harman International Industries, Inc.	9,030		969,280
Jarden Corp. (a)	17,277		1,124,560
Leggett & Platt, Inc.	18,397		724,474
Lennar Corp. Class A	23,473		1,011,217
Mohawk Industries, Inc. (a)	8,122		1,153,649
Newell Rubbermaid, Inc.	36,966		1,232,077
NVR, Inc. (a)	558		684,990
PulteGroup, Inc.	50,918		977,116
Taylor Morrison Home Corp. (a)	4,274		73,684
Tempur Sealy International, Inc. (a)	8,125		427,700
Toll Brothers, Inc. (a)	23,429		748,557
Tupperware Brands Corp.	6,773		431,779
Whirlpool Corp.	10,373		1,784,675
			13,418,041
Internet & Catalog Retail - 1.1%
Expedia, Inc.	13,382		1,137,069
Groupon, Inc. Class A (a)(d)	65,089		475,801
HomeAway, Inc. (a)(d)	12,673		442,288
Liberty Interactive Corp.:
(Venture Group) Series A (a)	19,147		672,060
Series A (a)	65,099		1,701,688
Liberty TripAdvisor Holdings, Inc. (a)	9,877		311,916
Netflix, Inc. (a)	7,999		3,141,767
TripAdvisor, Inc. (a)	14,718		1,304,898
zulily, Inc. Class A	1,991		72,433
			9,259,920
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Leisure Products - 0.4%
Hasbro, Inc.	15,527		$ 893,268
Mattel, Inc.	44,830		1,392,868
Polaris Industries, Inc.	8,820		1,330,585
			3,616,721
Media - 2.4%
AMC Networks, Inc. Class A (a)(d)	7,958		482,653
Cablevision Systems Corp. - NY Group Class A (d)	26,006		484,232
Charter Communications, Inc. Class A (a)	10,508		1,664,362
Cinemark Holdings, Inc.	15,408		544,211
Clear Channel Outdoor Holding, Inc. Class A	4,568		33,164
Discovery Communications, Inc.:
Class A (a)	30,490		1,077,822
Class C (non-vtg.) (a)	30,579		1,069,959
DISH Network Corp. Class A (a)	28,484		1,813,007
DreamWorks Animation SKG, Inc. Class A (a)(d)	9,757		217,386
Gannett Co., Inc.	29,990		944,685
Interpublic Group of Companies, Inc.	55,944		1,084,754
John Wiley & Sons, Inc. Class A	5,697		332,648
Lamar Advertising Co. Class A	10,589		546,922
Liberty Media Corp.:
Class A (a)	12,546		602,459
Class C (a)	25,185		1,207,117
Lions Gate Entertainment Corp. (d)	10,830		358,798
Live Nation Entertainment, Inc. (a)	19,446		505,596
Morningstar, Inc.	2,715		185,299
News Corp. Class A (a)	65,637		1,016,061
Omnicom Group, Inc.	34,433		2,474,355
Regal Entertainment Group Class A (d)	11,195		247,969
Scripps Networks Interactive, Inc. Class A	13,948		1,077,344
Sirius XM Holdings, Inc. (a)(d)	345,540		1,185,202
Starz Series A (a)	12,148		375,373
The Madison Square Garden Co. Class A (a)	8,152		617,596
			20,148,974
Multiline Retail - 1.4%
Big Lots, Inc.	7,609		347,351
Dillard's, Inc. Class A (d)	3,437		363,497
Dollar General Corp. (a)	41,241		2,584,573
Dollar Tree, Inc. (a)	27,826		1,685,421
Family Dollar Stores, Inc.	12,621		988,098
JC Penney Corp., Inc. (a)(d)	41,685		317,223
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Multiline Retail - continued
Kohl's Corp.	27,630		$ 1,498,099
Macy's, Inc.	48,088		2,780,448
Nordstrom, Inc.	18,440		1,338,928
Sears Holdings Corp. (a)(d)	3,682		128,575
			12,032,213
Specialty Retail - 3.8%
Aarons, Inc. Class A	8,510		210,708
Abercrombie & Fitch Co. Class A (d)	9,731		325,794
Advance Auto Parts, Inc.	9,817		1,442,706
Ascena Retail Group, Inc. (a)	16,775		208,849
AutoNation, Inc. (a)	9,692		554,964
AutoZone, Inc. (a)	4,352		2,408,919
Bed Bath & Beyond, Inc. (a)(d)	24,902		1,676,901
Best Buy Co., Inc.	37,912		1,294,316
Cabela's, Inc. Class A (a)(d)	6,489		311,602
CarMax, Inc. (a)(d)	29,190		1,632,013
Chico's FAS, Inc.	20,829		314,101
CST Brands, Inc.	10,102		386,402
Dick's Sporting Goods, Inc.	12,699		576,154
DSW, Inc. Class A	10,276		304,683
Foot Locker, Inc.	19,276		1,079,649
GameStop Corp. Class A (d)	15,412		659,017
Gap, Inc.	35,387		1,340,813
GNC Holdings, Inc.	12,244		508,983
L Brands, Inc.	32,350		2,333,082
Michaels Companies, Inc.	3,793		69,336
Murphy U.S.A., Inc. (a)	6,282		359,959
O'Reilly Automotive, Inc. (a)	14,078		2,476,039
Penske Automotive Group, Inc.	5,558		251,444
PetSmart, Inc.	13,145		951,041
Ross Stores, Inc.	28,261		2,281,228
Sally Beauty Holdings, Inc. (a)	21,387		626,853
Signet Jewelers Ltd.	10,672		1,280,747
Staples, Inc. (d)	85,402		1,082,897
Tiffany & Co., Inc.	14,967		1,438,628
Tractor Supply Co.	18,436		1,349,884
Ulta Salon, Cosmetics & Fragrance, Inc. (a)	8,488		1,025,435
Urban Outfitters, Inc. (a)	14,198		431,051
Williams-Sonoma, Inc.	12,617		820,484
			32,014,682
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - 1.6%
Carter's, Inc.	7,065		$ 551,988
Coach, Inc.	36,465		1,253,667
Deckers Outdoor Corp. (a)	4,667		408,176
Fossil Group, Inc. (a)	6,387		649,302
Hanesbrands, Inc.	13,190		1,392,996
Kate Spade & Co. (a)(d)	16,798		455,730
Michael Kors Holdings Ltd. (a)	27,183		2,136,312
PVH Corp.	10,872		1,243,213
Ralph Lauren Corp.	7,814		1,288,060
Under Armour, Inc. Class A (sub. vtg.) (a)(d)	22,934		1,504,012
VF Corp.	46,026		3,115,040
			13,998,496
TOTAL CONSUMER DISCRETIONARY			142,280,620
CONSUMER STAPLES - 5.6%
Beverages - 1.2%
Brown-Forman Corp. Class B (non-vtg.)	20,525		1,902,052
Coca-Cola Enterprises, Inc.	33,216		1,439,914
Constellation Brands, Inc. Class A (sub. vtg.) (a)	21,334		1,952,914
Dr. Pepper Snapple Group, Inc.	26,245		1,817,466
Molson Coors Brewing Co. Class B	18,031		1,341,146
Monster Beverage Corp. (a)	19,058		1,922,571
			10,376,063
Food & Staples Retailing - 0.9%
Kroger Co.	67,802		3,777,224
Rite Aid Corp. (a)	130,466		684,947
Safeway, Inc.	30,339		1,057,618
Sprouts Farmers Market LLC (a)(d)	12,719		370,250
Whole Foods Market, Inc.	48,991		1,926,816
			7,816,855
Food Products - 2.4%
Bunge Ltd.	19,682		1,744,809
Campbell Soup Co.	23,064		1,018,737
ConAgra Foods, Inc.	56,069		1,925,970
Flowers Foods, Inc.	22,954		436,126
Hormel Foods Corp.	17,760		957,442
Ingredion, Inc.	10,035		775,204
Keurig Green Mountain, Inc.	18,813		2,854,873
McCormick & Co., Inc. (non-vtg.)	17,330		1,225,578
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Mead Johnson Nutrition Co. Class A	26,976		$ 2,678,987
Pilgrims Pride Corp. (a)(d)	8,191		232,706
Pinnacle Foods, Inc.	7,113		240,419
The Hain Celestial Group, Inc. (a)	6,710		726,358
The Hershey Co.	19,897		1,908,321
The J.M. Smucker Co.	13,763		1,431,352
Tyson Foods, Inc. Class A	38,613		1,558,035
WhiteWave Foods Co. (a)	23,302		867,533
			20,582,450
Household Products - 0.5%
Church & Dwight Co., Inc.	17,987		1,302,439
Clorox Co.	17,203		1,711,699
Energizer Holdings, Inc.	8,143		998,739
Spectrum Brands Holdings, Inc.	2,771		251,025
			4,263,902
Personal Products - 0.2%
Avon Products, Inc.	58,522		608,629
Coty, Inc. Class A	8,540		141,764
Herbalife Ltd. (d)	10,080		528,797
Nu Skin Enterprises, Inc. Class A (d)	7,899		417,304
			1,696,494
Tobacco - 0.4%
Lorillard, Inc.	48,350		2,973,525
TOTAL CONSUMER STAPLES			47,709,289
ENERGY - 5.4%
Energy Equipment & Services - 1.4%
Atwood Oceanics, Inc.	8,403		341,582
Cameron International Corp. (a)	27,117		1,614,817
Diamond Offshore Drilling, Inc. (d)	8,824		332,753
Dresser-Rand Group, Inc. (a)	10,082		823,699
Dril-Quip, Inc. (a)	5,482		493,106
FMC Technologies, Inc. (a)	31,206		1,748,784
Frank's International NV (d)	4,824		83,118
Helmerich & Payne, Inc.	12,815		1,112,598
Nabors Industries Ltd.	39,714		708,895
Oceaneering International, Inc.	14,339		1,007,602
Oil States International, Inc. (a)	6,457		385,741
Patterson-UTI Energy, Inc.	18,954		436,511
Common Stocks - continued
	Shares		Value
ENERGY - continued
Energy Equipment & Services - continued
Rowan Companies PLC	16,926		$ 410,794
RPC, Inc.	8,532		139,925
Seadrill Ltd.	47,157		1,084,611
Seventy Seven Energy, Inc. (a)	4,391		57,387
Superior Energy Services, Inc.	21,102		530,715
Tidewater, Inc. (d)	6,615		243,895
Unit Corp. (a)	6,475		313,520
			11,870,053
Oil, Gas & Consumable Fuels - 4.0%
Antero Resources Corp. (d)	7,257		380,557
Athlon Energy, Inc. (a)	6,885		401,396
Cabot Oil & Gas Corp.	55,212		1,717,093
Cheniere Energy, Inc. (a)	31,661		2,374,575
Chesapeake Energy Corp.	69,817		1,548,541
Cimarex Energy Co.	11,497		1,306,864
Cobalt International Energy, Inc. (a)	46,986		550,206
Concho Resources, Inc. (a)	15,026		1,638,285
CONSOL Energy, Inc.	30,337		1,116,402
Continental Resources, Inc. (a)(d)	11,465		646,282
CVR Energy, Inc. (d)	2,281		110,811
Denbury Resources, Inc. (d)	47,516		589,198
Energen Corp.	9,694		656,284
EP Energy Corp. (d)	3,869		56,487
EQT Corp.	20,126		1,892,649
Golar LNG Ltd. (d)	6,786		380,762
Gulfport Energy Corp. (a)	11,549		579,529
HollyFrontier Corp.	26,383		1,197,261
Kosmos Energy Ltd. (a)	13,541		126,338
Laredo Petroleum Holdings, Inc. (a)(d)	10,199		193,373
Memorial Resource Development Corp.	6,687		181,151
Murphy Oil Corp.	24,044		1,283,709
Newfield Exploration Co. (a)	18,140		591,545
Noble Energy, Inc.	48,014		2,767,047
Oasis Petroleum, Inc. (a)	13,806		413,628
ONEOK, Inc.	27,724		1,634,053
PBF Energy, Inc. Class A	9,039		235,647
Peabody Energy Corp.	36,486		380,549
QEP Resources, Inc.	23,979		601,154
Range Resources Corp.	21,918		1,499,191
Rice Energy, Inc. (d)	7,166		189,397
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
SandRidge Energy, Inc. (a)(d)	67,739		$ 264,182
SM Energy Co.	8,897		500,901
Southwestern Energy Co. (a)	46,738		1,519,452
Targa Resources Corp.	4,998		642,893
Teekay Corp.	5,925		346,376
Tesoro Corp.	17,324		1,237,107
Ultra Petroleum Corp. (a)(d)	20,412		465,394
Whiting Petroleum Corp. (a)	15,744		964,163
World Fuel Services Corp.	9,374		386,584
WPX Energy, Inc. (a)	27,316		522,282
			34,089,298
TOTAL ENERGY			45,959,351
FINANCIALS - 20.6%
Banks - 2.8%
Associated Banc-Corp.	21,646		406,945
Bank of Hawaii Corp.	5,950		348,373
BankUnited, Inc.	13,670		408,733
BOK Financial Corp.	3,641		249,627
CIT Group, Inc.	25,883		1,266,455
City National Corp.	6,413		504,767
Comerica, Inc.	24,318		1,160,941
Commerce Bancshares, Inc. (d)	11,065		500,802
Cullen/Frost Bankers, Inc.	6,914		558,720
East West Bancorp, Inc.	18,823		691,933
Fifth Third Bancorp	113,140		2,261,669
First Horizon National Corp.	32,061		412,304
First Niagara Financial Group, Inc.	47,988		359,430
First Republic Bank	18,280		931,000
Fulton Financial Corp.	24,177		287,223
Huntington Bancshares, Inc.	109,140		1,081,577
KeyCorp	117,970		1,557,204
M&T Bank Corp.	17,485		2,136,317
PacWest Bancorp	13,641		581,925
Popular, Inc. (a)	13,991		446,033
Regions Financial Corp.	183,104		1,818,223
Signature Bank (a)	6,662		806,968
SunTrust Banks, Inc.	70,870		2,773,852
SVB Financial Group (a)	6,671		747,085
Synovus Financial Corp.	18,430		467,385
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
TCF Financial Corp.	22,674		$ 350,313
Zions Bancorporation	27,078		784,450
			23,900,254
Capital Markets - 2.3%
Affiliated Managers Group, Inc. (a)	7,297		1,457,868
Ameriprise Financial, Inc.	25,263		3,187,433
Artisan Partners Asset Management, Inc.	3,788		183,642
E*TRADE Financial Corp. (a)	38,806		865,374
Eaton Vance Corp. (non-vtg.)	15,972		588,249
Federated Investors, Inc. Class B (non-vtg.)	12,762		399,068
Invesco Ltd.	57,721		2,335,969
Lazard Ltd. Class A	16,232		798,777
Legg Mason, Inc.	13,825		718,900
LPL Financial	11,758		486,664
Northern Trust Corp.	31,468		2,086,328
NorthStar Asset Management Group, Inc.	24,713		447,800
Raymond James Financial, Inc.	16,573		930,242
SEI Investments Co.	17,800		688,148
T. Rowe Price Group, Inc.	34,983		2,871,754
TD Ameritrade Holding Corp.	35,732		1,205,598
Waddell & Reed Financial, Inc. Class A	11,306		539,748
			19,791,562
Consumer Finance - 0.4%
Ally Financial, Inc. (a)	35,990		816,973
Navient Corp.	55,727		1,102,280
Santander Consumer U.S.A. Holdings, Inc.	11,600		214,600
SLM Corp.	56,368		538,314
Synchrony Financial (a)	17,185		464,339
			3,136,506
Diversified Financial Services - 1.6%
CBOE Holdings, Inc.	11,261		663,723
Interactive Brokers Group, Inc.	6,775		174,931
IntercontinentalExchange Group, Inc.	15,311		3,189,128
Leucadia National Corp.	49,337		1,173,234
McGraw Hill Financial, Inc.	36,276		3,282,252
Moody's Corp.	25,269		2,507,443
MSCI, Inc. Class A	15,521		724,210
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Diversified Financial Services - continued
The NASDAQ OMX Group, Inc.	15,655		$ 677,235
Voya Financial, Inc.	19,068		748,419
			13,140,575
Insurance - 4.4%
Alleghany Corp. (a)	2,179		968,086
Allied World Assurance Co.	13,134		499,092
American Financial Group, Inc.	9,757		583,761
American National Insurance Co.	897		102,330
Aon PLC	39,493		3,396,398
Arch Capital Group Ltd. (a)	17,889		1,007,508
Arthur J. Gallagher & Co.	20,810		992,637
Aspen Insurance Holdings Ltd.	8,780		383,071
Assurant, Inc.	9,707		662,212
Assured Guaranty Ltd.	22,363		516,138
Axis Capital Holdings Ltd.	14,341		690,376
Brown & Brown, Inc.	15,959		508,454
Cincinnati Financial Corp.	21,631		1,091,717
CNA Financial Corp.	3,623		141,587
Endurance Specialty Holdings Ltd.	6,022		348,975
Erie Indemnity Co. Class A	3,170		269,038
Everest Re Group Ltd.	6,071		1,036,016
FNF Group	36,929		1,101,961
FNFV Group (a)	11,572		155,528
Genworth Financial, Inc. Class A (a)	66,057		924,137
Hanover Insurance Group, Inc.	5,959		398,895
Hartford Financial Services Group, Inc.	59,842		2,368,546
HCC Insurance Holdings, Inc.	13,016		679,305
Lincoln National Corp.	34,930		1,912,767
Loews Corp.	43,480		1,895,728
Markel Corp. (a)	1,869		1,291,273
MBIA, Inc. (a)	18,606		181,595
Mercury General Corp.	3,723		197,766
Old Republic International Corp.	34,754		513,317
PartnerRe Ltd.	6,700		775,123
Principal Financial Group, Inc.	38,968		2,040,754
ProAssurance Corp.	8,028		375,550
Progressive Corp.	78,504		2,073,291
Protective Life Corp.	10,404		724,951
Reinsurance Group of America, Inc.	9,137		769,792
RenaissanceRe Holdings Ltd. (d)	5,359		553,745
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
StanCorp Financial Group, Inc.	5,844		$ 406,509
Torchmark Corp.	17,590		931,566
Unum Group	34,087		1,140,551
Validus Holdings Ltd.	11,871		472,228
W.R. Berkley Corp.	13,389		690,069
White Mountains Insurance Group Ltd.	820		512,434
XL Group PLC Class A	36,342		1,231,267
			37,516,044
Real Estate Investment Trusts - 8.3%
Alexandria Real Estate Equities, Inc.	9,419		781,777
American Campus Communities, Inc.	14,045		551,547
American Capital Agency Corp.	47,337		1,076,443
American Homes 4 Rent Class A	20,381		357,279
American Realty Capital Properties, Inc.	120,291		1,066,981
Annaly Capital Management, Inc.	126,687		1,445,499
Apartment Investment & Management Co. Class A	19,147		685,271
AvalonBay Communities, Inc.	17,315		2,698,370
BioMed Realty Trust, Inc.	25,537		554,664
Boston Properties, Inc.	20,299		2,572,898
Brandywine Realty Trust (SBI)	24,222		373,745
Brixmor Property Group, Inc.	6,359		154,905
Camden Property Trust (SBI)	11,471		879,482
CBL & Associates Properties, Inc.	21,553		412,309
CBS Outdoor Americas, Inc.	15,893		483,624
Chimera Investment Corp.	135,018		421,256
Columbia Property Trust, Inc.	16,962		427,951
Corporate Office Properties Trust (SBI)	11,275		308,259
Corrections Corp. of America	15,375		565,493
Crown Castle International Corp.	44,400		3,468,528
DDR Corp.	39,322		713,301
Digital Realty Trust, Inc. (d)	17,927		1,236,784
Douglas Emmett, Inc.	19,435		546,707
Duke Realty LP	43,340		821,726
Equity Commonwealth	17,351		463,445
Equity Lifestyle Properties, Inc.	10,949		537,596
Essex Property Trust, Inc.	8,316		1,677,836
Extra Space Storage, Inc.	15,432		897,525
Federal Realty Investment Trust (SBI)	8,998		1,185,936
Gaming & Leisure Properties (d)	11,007		343,969
General Growth Properties, Inc.	75,519		1,956,697
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
HCP, Inc.	60,774		$ 2,672,233
Health Care REIT, Inc.	43,444		3,089,303
Healthcare Trust of America, Inc.	32,120		412,421
Home Properties, Inc.	7,639		491,264
Hospitality Properties Trust (SBI)	19,955		590,868
Host Hotels & Resorts, Inc.	100,731		2,348,040
Iron Mountain, Inc.	22,982		828,961
Kilroy Realty Corp.	10,808		732,134
Kimco Realty Corp.	54,906		1,369,905
Liberty Property Trust (SBI)	19,813		688,898
MFA Financial, Inc.	49,852		417,760
Mid-America Apartment Communities, Inc.	9,995		706,247
National Retail Properties, Inc.	16,087		613,236
NorthStar Realty Finance Corp.	28,973		538,318
Omega Healthcare Investors, Inc.	16,541		631,205
Piedmont Office Realty Trust, Inc. Class A (d)	20,059		390,148
Plum Creek Timber Co., Inc.	23,438		961,192
Post Properties, Inc.	7,247		405,397
Prologis, Inc.	66,359		2,763,852
Rayonier, Inc.	16,697		558,849
Realty Income Corp.	29,626		1,363,685
Regency Centers Corp.	12,302		746,731
Retail Properties America, Inc.	31,267		490,579
Senior Housing Properties Trust (SBI)	27,064		611,376
SL Green Realty Corp.	12,724		1,472,167
Spirit Realty Capital, Inc.	53,627		638,161
Starwood Property Trust, Inc. (d)	29,590		667,550
Tanger Factory Outlet Centers, Inc.	12,341		441,438
Taubman Centers, Inc.	8,527		648,478
The Macerich Co.	18,589		1,310,525
Two Harbors Investment Corp.	48,744		493,777
UDR, Inc.	33,268		1,005,692
Ventas, Inc.	39,280		2,691,073
Vornado Realty Trust	25,070		2,744,664
Washington Prime Group, Inc. (d)	20,174		355,668
Weingarten Realty Investors (SBI)	16,307		591,129
Weyerhaeuser Co.	69,839		2,364,749
WP Carey, Inc.	13,235		896,274
			70,411,750
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - 0.5%
CBRE Group, Inc. (a)	37,481		$ 1,199,392
Forest City Enterprises, Inc. Class A (a)	22,586		471,822
Howard Hughes Corp. (a)	5,248		773,450
Jones Lang LaSalle, Inc.	5,870		793,683
Realogy Holdings Corp. (a)	19,540		801,335
			4,039,682
Thrifts & Mortgage Finance - 0.3%
Hudson City Bancorp, Inc.	70,472		680,055
Nationstar Mortgage Holdings, Inc. (a)	2,952		103,674
New York Community Bancorp, Inc.	58,569		934,176
Ocwen Financial Corp. (a)	14,130		332,903
People's United Financial, Inc.	41,201		602,359
TFS Financial Corp.	10,029		149,833
			2,803,000
TOTAL FINANCIALS			174,739,373
HEALTH CARE - 11.5%
Biotechnology - 1.6%
Alkermes PLC (a)	19,166		968,841
Alnylam Pharmaceuticals, Inc. (a)	8,838		819,636
BioMarin Pharmaceutical, Inc. (a)	19,364		1,597,530
Cubist Pharmaceuticals, Inc. (a)	10,305		744,948
Incyte Corp. (a)	19,135		1,283,193
Intercept Pharmaceuticals, Inc. (a)	1,675		432,803
Medivation, Inc. (a)	10,229		1,081,205
Myriad Genetics, Inc. (a)(d)	9,740		384,633
Pharmacyclics, Inc. (a)(d)	8,057		1,052,808
Seattle Genetics, Inc. (a)(d)	13,411		491,781
United Therapeutics Corp. (a)	6,337		829,957
Vertex Pharmaceuticals, Inc. (a)	31,436		3,540,951
			13,228,286
Health Care Equipment & Supplies - 2.7%
Alere, Inc. (a)	10,739		429,238
Align Technology, Inc. (a)	10,799		568,243
Boston Scientific Corp. (a)	176,028		2,337,652
C.R. Bard, Inc.	10,156		1,665,279
CareFusion Corp. (a)	27,408		1,572,397
DENTSPLY International, Inc.	18,900		959,553
Edwards Lifesciences Corp. (a)	13,962		1,688,285
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Hill-Rom Holdings, Inc.	7,813		$ 347,522
Hologic, Inc. (a)(d)	32,065		839,782
IDEXX Laboratories, Inc. (a)	6,457		914,763
Intuitive Surgical, Inc. (a)	4,785		2,372,403
ResMed, Inc. (d)	18,534		967,845
Sirona Dental Systems, Inc. (a)	7,577		595,173
St. Jude Medical, Inc.	37,811		2,426,332
Teleflex, Inc.	5,479		625,263
The Cooper Companies, Inc.	6,322		1,036,176
Varian Medical Systems, Inc. (a)(d)	13,773		1,158,585
Zimmer Holdings, Inc.	22,314		2,482,209
			22,986,700
Health Care Providers & Services - 3.6%
AmerisourceBergen Corp.	30,019		2,563,923
Brookdale Senior Living, Inc. (a)	22,841		769,970
Cardinal Health, Inc.	45,299		3,555,066
Catamaran Corp. (a)	27,328		1,302,084
Centene Corp. (a)	7,596		703,921
Cigna Corp.	35,824		3,566,996
Community Health Systems, Inc. (a)	15,460		849,836
DaVita HealthCare Partners, Inc. (a)	23,722		1,851,977
Envision Healthcare Holdings, Inc. (a)	10,565		369,247
HCA Holdings, Inc. (a)	43,401		3,040,240
Health Net, Inc. (a)	10,651		506,029
Henry Schein, Inc. (a)	11,279		1,353,818
Humana, Inc.	20,593		2,859,338
Laboratory Corp. of America Holdings (a)(d)	11,257		1,230,278
LifePoint Hospitals, Inc. (a)	5,993		419,510
MEDNAX, Inc. (a)	13,649		852,107
Omnicare, Inc.	13,244		881,918
Patterson Companies, Inc.	11,519		496,584
Premier, Inc. (a)	4,432		147,940
Quest Diagnostics, Inc.	19,160		1,215,894
Tenet Healthcare Corp. (a)	12,850		720,243
Universal Health Services, Inc. Class B	11,845		1,228,445
VCA, Inc. (a)	11,761		535,949
			31,021,313
Health Care Technology - 0.5%
Allscripts Healthcare Solutions, Inc. (a)	24,192		331,914
athenahealth, Inc. (a)	5,070		621,075
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Technology - continued
Cerner Corp. (a)	39,654		$ 2,511,684
IMS Health Holdings, Inc.	9,621		233,309
Veeva Systems, Inc. Class A	4,959		147,679
			3,845,661
Life Sciences Tools & Services - 1.4%
Agilent Technologies, Inc.	44,348		2,451,557
Bio-Rad Laboratories, Inc. Class A (a)	2,845		320,973
Bruker BioSciences Corp. (a)	14,636		303,404
Charles River Laboratories International, Inc. (a)	6,289		397,213
Covance, Inc. (a)	7,740		618,426
Illumina, Inc. (a)	18,552		3,572,744
Mettler-Toledo International, Inc. (a)	3,854		996,143
PerkinElmer, Inc.	15,183		659,246
QIAGEN NV (a)(d)	31,017		727,659
Quintiles Transnational Holdings, Inc. (a)	7,619		446,016
Techne Corp.	4,941		449,878
Waters Corp. (a)	11,231		1,244,395
			12,187,654
Pharmaceuticals - 1.7%
Endo Health Solutions, Inc. (a)	20,120		1,346,430
Hospira, Inc. (a)	22,251		1,194,879
Jazz Pharmaceuticals PLC (a)	7,888		1,331,810
Mallinckrodt PLC (a)	15,122		1,393,946
Mylan, Inc. (a)	49,745		2,663,845
Perrigo Co. PLC	17,808		2,875,102
Salix Pharmaceuticals Ltd. (a)(d)	8,496		1,222,150
Zoetis, Inc. Class A	66,588		2,474,410
			14,502,572
TOTAL HEALTH CARE			97,772,186
INDUSTRIALS - 12.9%
Aerospace & Defense - 1.2%
Alliant Techsystems, Inc.	4,202		491,466
BE Aerospace, Inc. (a)	14,034		1,044,831
Exelis, Inc.	25,681		458,406
Hexcel Corp. (a)	13,129		549,974
Huntington Ingalls Industries, Inc.	6,582		696,507
L-3 Communications Holdings, Inc.	11,445		1,390,110
Rockwell Collins, Inc.	17,978		1,512,849
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
Spirit AeroSystems Holdings, Inc. Class A (a)	16,228		$ 638,410
Textron, Inc.	36,937		1,533,994
TransDigm Group, Inc.	7,051		1,318,749
Triumph Group, Inc.	7,013		488,315
Vectrus, Inc. (a)	1,361		33,263
			10,156,874
Air Freight & Logistics - 0.3%
C.H. Robinson Worldwide, Inc.	19,730		1,365,513
Expeditors International of Washington, Inc.	26,217		1,118,417
			2,483,930
Airlines - 1.0%
Alaska Air Group, Inc.	18,302		974,215
Copa Holdings SA Class A (d)	4,430		517,956
Southwest Airlines Co.	92,290		3,182,159
Spirit Airlines, Inc. (a)	9,646		705,219
United Continental Holdings, Inc. (a)	49,706		2,624,974
			8,004,523
Building Products - 0.6%
A.O. Smith Corp.	9,917		529,072
Allegion PLC	12,886		684,118
Armstrong World Industries, Inc. (a)	5,941		287,663
Fortune Brands Home & Security, Inc.	22,026		952,625
Lennox International, Inc.	6,491		577,180
Masco Corp.	47,124		1,040,027
Owens Corning	15,753		505,041
USG Corp. (a)(d)	12,605		338,570
			4,914,296
Commercial Services & Supplies - 1.3%
ADT Corp. (d)	23,187		831,022
Cintas Corp.	13,304		974,385
Clean Harbors, Inc. (a)(d)	8,169		405,427
Copart, Inc. (a)	14,702		491,635
Covanta Holding Corp.	14,237		314,211
KAR Auction Services, Inc.	18,320		556,195
Pitney Bowes, Inc.	26,711		660,830
R.R. Donnelley & Sons Co. (d)	26,861		468,724
Republic Services, Inc.	35,559		1,365,466
Rollins, Inc.	8,338		265,732
Stericycle, Inc. (a)	11,345		1,429,470
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Tyco International Ltd.	61,396		$ 2,635,730
Waste Connections, Inc.	16,295		813,121
			11,211,948
Construction & Engineering - 0.6%
AECOM Technology Corp. (a)	19,760		643,188
Chicago Bridge & Iron Co. NV	13,094		715,456
Fluor Corp.	21,066		1,397,518
Foster Wheeler AG	13,439		417,012
Jacobs Engineering Group, Inc. (a)	17,697		839,723
KBR, Inc.	20,132		384,119
Quanta Services, Inc. (a)	28,500		971,280
			5,368,296
Electrical Equipment - 0.8%
Acuity Brands, Inc.	5,766		803,953
AMETEK, Inc.	32,518		1,695,814
Babcock & Wilcox Co.	14,959		427,827
Hubbell, Inc. Class B	7,896		895,485
Regal-Beloit Corp.	6,109		433,556
Rockwell Automation, Inc.	18,473		2,075,442
SolarCity Corp. (a)(d)	5,538		327,739
			6,659,816
Industrial Conglomerates - 0.3%
Carlisle Companies, Inc.	8,500		755,480
Roper Industries, Inc.	13,314		2,107,606
			2,863,086
Machinery - 3.8%
AGCO Corp.	12,374		548,292
Allison Transmission Holdings, Inc.	18,132		588,927
Colfax Corp. (a)	12,799		696,010
Crane Co.	6,446		401,908
Donaldson Co., Inc.	18,943		787,650
Dover Corp.	22,246		1,767,222
Flowserve Corp.	18,280		1,242,857
Graco, Inc. (d)	8,073		633,731
IDEX Corp.	10,633		796,518
Ingersoll-Rand PLC	36,068		2,258,578
ITT Corp.	12,010		541,171
Joy Global, Inc. (d)	13,298		699,874
Kennametal, Inc.	10,628		410,347
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Lincoln Electric Holdings, Inc.	10,699		$ 775,464
Manitowoc Co., Inc.	18,339		382,185
Middleby Corp. (a)	7,535		666,848
Navistar International Corp. (a)(d)	7,460		263,860
Nordson Corp.	8,636		661,086
Oshkosh Truck Corp.	11,311		506,280
PACCAR, Inc.	47,236		3,085,456
Pall Corp.	14,688		1,342,777
Parker Hannifin Corp.	19,845		2,520,910
Pentair PLC	25,610		1,717,151
Snap-On, Inc.	7,688		1,015,892
SPX Corp.	5,813		551,014
Stanley Black & Decker, Inc.	20,818		1,949,398
Terex Corp.	14,772		424,990
Timken Co.	11,041		474,653
Toro Co.	7,379		455,506
Trinity Industries, Inc.	20,637		736,947
Valmont Industries, Inc. (d)	3,585		488,169
WABCO Holdings, Inc. (a)	7,490		729,376
Wabtec Corp.	12,774		1,102,396
Xylem, Inc.	24,429		888,238
			32,111,681
Marine - 0.1%
Kirby Corp. (a)	7,572		837,312
Professional Services - 1.0%
Dun & Bradstreet Corp.	4,934		605,945
Equifax, Inc.	16,150		1,223,201
IHS, Inc. Class A (a)	9,052		1,186,084
Manpower, Inc.	10,617		708,685
Nielsen Holdings B.V.	37,333		1,586,279
Robert Half International, Inc.	18,363		1,005,925
Towers Watson & Co.	8,629		951,692
Verisk Analytics, Inc. (a)	22,013		1,372,511
			8,640,322
Road & Rail - 0.9%
AMERCO	964		261,360
Avis Budget Group, Inc. (a)	13,846		771,915
Con-way, Inc.	7,618		330,393
Genesee & Wyoming, Inc. Class A (a)	7,034		676,671
Hertz Global Holdings, Inc. (a)	59,114		1,295,779
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Road & Rail - continued
J.B. Hunt Transport Services, Inc.	12,230		$ 975,587
Kansas City Southern	14,743		1,810,293
Landstar System, Inc.	5,946		440,063
Old Dominion Freight Lines, Inc. (a)	8,331		607,080
Ryder System, Inc.	7,091		627,341
			7,796,482
Trading Companies & Distributors - 1.0%
Air Lease Corp. Class A	13,641		499,124
Fastenal Co.	39,276		1,729,715
GATX Corp.	6,224		394,602
HD Supply Holdings, Inc. (a)	13,767		397,040
MRC Global, Inc. (a)	13,483		283,547
MSC Industrial Direct Co., Inc. Class A	6,350		514,160
Now, Inc. (d)	14,415		433,315
United Rentals, Inc. (a)(d)	12,989		1,429,569
Veritiv Corp. (a)(d)	909		41,003
W.W. Grainger, Inc.	7,773		1,918,376
WESCO International, Inc. (a)(d)	5,838		481,110
			8,121,561
TOTAL INDUSTRIALS			109,170,127
INFORMATION TECHNOLOGY - 14.3%
Communications Equipment - 1.0%
Arista Networks, Inc. (d)	814		66,138
Arris Group, Inc. (a)	16,832		505,297
Brocade Communications Systems, Inc.	57,349		615,355
CommScope Holding Co., Inc.	8,239		177,468
EchoStar Holding Corp. Class A (a)	5,541		258,931
F5 Networks, Inc. (a)(d)	10,039		1,234,596
Harris Corp.	14,150		984,840
JDS Uniphase Corp. (a)	30,818		414,810
Juniper Networks, Inc.	62,919		1,325,703
Motorola Solutions, Inc.	29,967		1,932,872
Palo Alto Networks, Inc. (a)	7,263		767,699
Riverbed Technology, Inc. (a)	20,856		396,055
			8,679,764
Electronic Equipment & Components - 1.1%
Amphenol Corp. Class A	41,918		2,120,212
Arrow Electronics, Inc. (a)	13,094		744,525
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Avnet, Inc.	18,199		$ 787,107
AVX Corp.	6,726		97,123
CDW Corp.	11,608		357,991
Dolby Laboratories, Inc. Class A	6,109		256,089
FLIR Systems, Inc.	18,613		624,094
Ingram Micro, Inc. Class A (a)	20,546		551,455
IPG Photonics Corp. (a)(d)	4,544		333,575
Jabil Circuit, Inc.	26,967		564,959
Knowles Corp. (a)(d)	11,716		227,993
National Instruments Corp.	13,599		430,816
Tech Data Corp. (a)	5,193		310,126
Trimble Navigation Ltd. (a)(d)	34,782		934,245
Vishay Intertechnology, Inc. (d)	18,427		248,949
Zebra Technologies Corp. Class A (a)	6,759		498,476
			9,087,735
Internet Software & Services - 1.6%
Akamai Technologies, Inc. (a)	23,600		1,423,080
AOL, Inc. (a)	10,731		467,120
CoStar Group, Inc. (a)	4,323		696,392
Equinix, Inc.	7,028		1,468,149
IAC/InterActiveCorp	9,986		675,952
LinkedIn Corp. (a)	13,878		3,177,507
Pandora Media, Inc. (a)	27,097		522,430
Rackspace Hosting, Inc. (a)	15,448		592,585
Twitter, Inc.	63,970		2,652,836
VeriSign, Inc. (a)(d)	14,800		884,448
Yelp, Inc. (a)(d)	6,711		402,660
Zillow, Inc. (a)(d)	4,136		449,707
			13,412,866
IT Services - 2.8%
Alliance Data Systems Corp. (a)	7,224		2,046,920
Amdocs Ltd.	21,239		1,009,702
Booz Allen Hamilton Holding Corp. Class A	9,725		256,254
Broadridge Financial Solutions, Inc.	16,120		708,152
Computer Sciences Corp.	19,122		1,154,969
CoreLogic, Inc. (a)	12,351		387,451
DST Systems, Inc.	4,060		391,181
Fidelity National Information Services, Inc.	38,354		2,239,490
Fiserv, Inc. (a)	33,008		2,293,396
FleetCor Technologies, Inc. (a)	11,080		1,668,205
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
Gartner, Inc. Class A (a)	12,050		$ 972,556
Genpact Ltd. (a)	20,957		367,795
Global Payments, Inc.	8,946		720,153
Jack Henry & Associates, Inc.	11,168		668,070
Leidos Holdings, Inc.	8,725		319,073
Paychex, Inc.	43,304		2,032,690
Sabre Corp. (d)	6,485		111,542
Teradata Corp. (a)(d)	20,883		883,769
The Western Union Co.	71,370		1,210,435
Total System Services, Inc.	22,417		757,470
Vantiv, Inc. (a)	16,557		511,942
VeriFone Systems, Inc. (a)	14,856		553,535
Xerox Corp.	155,523		2,065,345
			23,330,095
Semiconductors & Semiconductor Equipment - 3.4%
Advanced Micro Devices, Inc. (a)(d)	82,065		229,782
Altera Corp.	41,623		1,430,583
Analog Devices, Inc.	41,940		2,081,063
Applied Materials, Inc.	161,906		3,576,504
Atmel Corp. (a)	55,000		408,100
Avago Technologies Ltd.	33,231		2,866,174
Broadcom Corp. Class A	71,408		2,990,567
Cree, Inc. (a)(d)	16,120		507,458
First Solar, Inc. (a)(d)	9,740		573,686
Freescale Semiconductor, Inc. (a)(d)	13,557		269,649
KLA-Tencor Corp.	22,206		1,757,605
Lam Research Corp.	21,638		1,684,735
Linear Technology Corp.	31,738		1,359,656
Marvell Technology Group Ltd.	53,474		718,691
Maxim Integrated Products, Inc.	37,400		1,097,316
Microchip Technology, Inc. (d)	26,508		1,142,760
NVIDIA Corp. (d)	74,719		1,460,009
ON Semiconductor Corp. (a)	59,895		496,530
Skyworks Solutions, Inc.	25,152		1,464,852
SunEdison, Inc. (a)(d)	35,736		697,209
SunPower Corp. (a)(d)	5,973		190,180
Teradyne, Inc.	27,371		503,626
Xilinx, Inc.	35,915		1,597,499
			29,104,234
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - 3.2%
Activision Blizzard, Inc.	65,776		$ 1,312,231
ANSYS, Inc. (a)	12,414		975,244
Autodesk, Inc. (a)	30,097		1,731,781
CA Technologies, Inc.	42,405		1,232,289
Cadence Design Systems, Inc. (a)	38,741		695,401
Citrix Systems, Inc. (a)	21,660		1,391,222
Concur Technologies, Inc. (a)	6,349		814,704
Electronic Arts, Inc. (a)	41,976		1,719,757
FactSet Research Systems, Inc. (d)	5,671		745,396
FireEye, Inc. (a)(d)	11,224		381,504
Fortinet, Inc. (a)	18,415		479,711
Informatica Corp. (a)	14,817		528,374
Intuit, Inc.	37,752		3,322,554
NetSuite, Inc. (a)(d)	5,585		606,866
Nuance Communications, Inc. (a)(d)	34,608		534,001
Parametric Technology Corp. (a)	15,912		607,043
Red Hat, Inc. (a)	25,411		1,497,216
Rovi Corp. (a)	12,450		259,956
ServiceNow, Inc. (a)	19,221		1,305,683
SolarWinds, Inc. (a)	8,593		408,597
Solera Holdings, Inc.	9,120		473,784
Splunk, Inc. (a)	15,621		1,032,236
Symantec Corp.	92,037		2,284,358
Synopsys, Inc. (a)	20,753		850,458
Tableau Software, Inc. (a)	5,082		419,722
TIBCO Software, Inc. (a)	21,977		513,602
Workday, Inc. Class A (a)(d)	12,404		1,184,334
Zynga, Inc. (a)	92,781		236,592
			27,544,616
Technology Hardware, Storage & Peripherals - 1.2%
3D Systems Corp. (a)(d)	14,765		558,117
Diebold, Inc.	8,610		305,052
Lexmark International, Inc. Class A (d)	8,013		345,841
NCR Corp. (a)	22,084		611,064
NetApp, Inc.	44,317		1,896,768
SanDisk Corp.	30,114		2,834,932
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
Stratasys Ltd. (a)(d)	6,659		$ 801,477
Western Digital Corp.	29,629		2,914,605
			10,267,856
TOTAL INFORMATION TECHNOLOGY			121,427,166
MATERIALS - 5.7%
Chemicals - 2.7%
Airgas, Inc.	9,961		1,111,050
Albemarle Corp. (d)	10,717		625,658
Ashland, Inc.	10,426		1,126,738
Cabot Corp.	8,469		393,216
Celanese Corp. Class A	20,615		1,210,719
CF Industries Holdings, Inc.	6,943		1,805,180
Cytec Industries, Inc.	9,377		437,250
Eastman Chemical Co.	19,929		1,609,865
FMC Corp.	17,630		1,011,081
Huntsman Corp.	26,796		653,822
International Flavors & Fragrances, Inc.	10,871		1,077,860
NewMarket Corp.	1,208		468,716
Platform Specialty Products Corp. (a)	11,606		301,756
Rayonier Advanced Materials, Inc. (d)	5,263		150,153
Rockwood Holdings, Inc.	9,548		734,337
RPM International, Inc.	17,874		809,692
Sherwin-Williams Co.	11,507		2,641,547
Sigma Aldrich Corp.	15,798		2,147,106
The Mosaic Co.	44,670		1,979,328
The Scotts Miracle-Gro Co. Class A	6,072		359,705
Valspar Corp.	11,293		927,833
W.R. Grace & Co. (a)	10,113		956,690
Westlake Chemical Corp.	5,466		385,626
			22,924,928
Construction Materials - 0.3%
Eagle Materials, Inc.	6,675		583,595
Martin Marietta Materials, Inc.	8,324		973,242
Vulcan Materials Co.	17,303		1,067,768
			2,624,605
Containers & Packaging - 1.1%
Aptargroup, Inc.	8,769		545,783
Avery Dennison Corp.	12,783		598,884
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Containers & Packaging - continued
Ball Corp.	18,619		$ 1,199,622
Bemis Co., Inc.	13,540		520,884
Crown Holdings, Inc. (a)	18,444		884,021
Greif, Inc. Class A	4,119		181,483
MeadWestvaco Corp.	22,230		981,899
Owens-Illinois, Inc. (a)	22,109		569,749
Packaging Corp. of America	12,987		936,103
Rock-Tenn Co. Class A	19,019		972,822
Sealed Air Corp.	28,645		1,038,381
Silgan Holdings, Inc.	5,754		282,867
Sonoco Products Co.	13,663		558,407
			9,270,905
Metals & Mining - 1.2%
Alcoa, Inc.	156,232		2,618,448
Allegheny Technologies, Inc.	14,423		473,796
Carpenter Technology Corp.	7,294		365,065
Cliffs Natural Resources, Inc. (d)	19,530		219,322
Compass Minerals International, Inc.	4,360		373,565
Newmont Mining Corp.	66,102		1,240,074
Nucor Corp.	42,188		2,280,683
Reliance Steel & Aluminum Co.	10,603		715,490
Royal Gold, Inc.	8,446		482,689
Steel Dynamics, Inc.	31,795		731,603
Tahoe Resources, Inc. (a)	10,836		187,771
TimkenSteel Corp.	5,253		213,167
United States Steel Corp. (d)	19,379		775,935
			10,677,608
Paper & Forest Products - 0.4%
Domtar Corp.	8,459		347,411
International Paper Co.	57,669		2,919,205
			3,266,616
TOTAL MATERIALS			48,764,662
TELECOMMUNICATION SERVICES - 0.7%
Diversified Telecommunication Services - 0.4%
Frontier Communications Corp. (d)	133,559		873,476
Level 3 Communications, Inc. (a)	23,799		1,116,411
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
TW Telecom, Inc. (a)	18,352		$ 785,099
Windstream Holdings, Inc.	80,270		841,230
			3,616,216
Wireless Telecommunication Services - 0.3%
SBA Communications Corp. Class A (a)	17,167		1,928,369
Telephone & Data Systems, Inc.	11,076		283,989
U.S. Cellular Corp. (a)(d)	2,006		73,059
			2,285,417
TOTAL TELECOMMUNICATION SERVICES			5,901,633
UTILITIES - 6.1%
Electric Utilities - 2.3%
Edison International	43,367		2,713,907
Entergy Corp.	23,913		2,009,170
FirstEnergy Corp.	55,931		2,088,464
Great Plains Energy, Inc.	20,106		541,455
Hawaiian Electric Industries, Inc. (d)	13,688		385,454
ITC Holdings Corp.	20,914		828,404
Northeast Utilities	42,135		2,079,362
OGE Energy Corp.	26,337		982,107
Pepco Holdings, Inc.	33,221		908,262
Pinnacle West Capital Corp.	14,590		896,847
PPL Corp.	88,619		3,100,779
Westar Energy, Inc. (d)	16,938		640,426
Xcel Energy, Inc. (d)	66,829		2,236,767
			19,411,404
Gas Utilities - 0.4%
AGL Resources, Inc.	15,985		861,751
Atmos Energy Corp.	13,186		698,858
National Fuel Gas Co.	11,234		777,730
Questar Corp.	23,393		564,005
UGI Corp.	22,994		866,644
			3,768,988
Independent Power Producers & Energy Traders - 0.5%
Calpine Corp. (a)	56,738		1,294,761
NRG Energy, Inc.	44,742		1,341,365
The AES Corp.	96,160		1,352,971
			3,989,097
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Multi-Utilities - 2.7%
Alliant Energy Corp.	14,869		$ 920,540
Ameren Corp.	32,065		1,357,632
CenterPoint Energy, Inc.	56,826		1,395,078
CMS Energy Corp.	35,949		1,174,454
Consolidated Edison, Inc.	38,881		2,463,500
DTE Energy Co.	23,516		1,932,075
Integrys Energy Group, Inc.	10,659		774,696
MDU Resources Group, Inc.	25,440		716,899
NiSource, Inc.	41,991		1,766,141
Public Service Enterprise Group, Inc.	67,555		2,790,697
SCANA Corp.	18,824		1,033,249
Sempra Energy	32,625		3,588,750
TECO Energy, Inc.	30,928		606,498
Vectren Corp.	11,278		506,946
Wisconsin Energy Corp.	29,891		1,484,387
			22,511,542
Water Utilities - 0.2%
American Water Works Co., Inc.	23,767		1,268,445
Aqua America, Inc.	23,571		617,560
			1,886,005
TOTAL UTILITIES			51,567,036
TOTAL COMMON STOCKS (Cost $716,948,531)		845,291,443

U.S. Treasury Obligations - 0.0%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.05% to 0.06% 12/11/14 to 3/5/15 (e) (Cost $399,962)	$ 400,000	399,983

Money Market Funds - 7.5%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	6,436,535		$ 6,436,535
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	57,648,906		57,648,906
TOTAL MONEY MARKET FUNDS (Cost $64,085,441)		64,085,441
TOTAL INVESTMENT PORTFOLIO - 107.0% (Cost $781,433,934)		909,776,867
NET OTHER ASSETS (LIABILITIES) - (7.0)%			(59,857,489)
NET ASSETS - 100%		$ 849,919,378

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
32 CME E-mini S&P Midcap 400 Index Contracts (United States)	Dec. 2014	$ 4,529,280	$ 292,326

The face value of futures purchased as a percentage of net assets is 0.5%

Legend

(a) Non-income producing

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(d) Security or a portion of the security is on loan at period end.

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $392,983.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 4,370
Fidelity Securities Lending Cash Central Fund	162,515
Total	$ 166,885

Other Information

The following is a summary of the inputs used, as of October 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 142,280,620	$ 142,280,620	$ -	$ -
Consumer Staples	47,709,289	47,709,289	-	-
Energy	45,959,351	45,959,351	-	-
Financials	174,739,373	174,739,373	-	-
Health Care	97,772,186	97,772,186	-	-
Industrials	109,170,127	109,170,127	-	-
Information Technology	121,427,166	121,427,166	-	-
Materials	48,764,662	48,764,662	-	-
Telecommunication Services	5,901,633	5,901,633	-	-
Utilities	51,567,036	51,567,036	-	-
U.S. Government and Government Agency Obligations	399,983	-	399,983	-
Money Market Funds	64,085,441	64,085,441	-	-
Total Investments in Securities:	$ 909,776,867	$ 909,376,884	$ 399,983	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 292,326	$ 292,326	$ -	$ -

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of October 31, 2014. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Equity Risk
Futures Contracts (a)	$ 292,326	$ -
Total Value of Derivatives	$ 292,326	$ -

(a) Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. Only the period end receivable or payable for daily variation margin and net unrealized appreciation (depreciation) are presented in the Statement of Assets and Liabilities.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Mid Cap Index

Financial Statements

Statement of Assets and Liabilities

	October 31, 2014 (Unaudited)

Assets
Investment in securities, at value (including securities loaned of $57,137,398) - See accompanying schedule: Unaffiliated issuers (cost $717,348,493)	$ 845,691,426
Fidelity Central Funds (cost $64,085,441)	64,085,441
Total Investments (cost $781,433,934)		$ 909,776,867
Receivable for investments sold		731,059
Receivable for fund shares sold		2,986,550
Dividends receivable		488,660
Distributions receivable from Fidelity Central Funds		38,604
Receivable for daily variation margin for derivative instruments		88,464
Receivable from investment adviser for expense reductions		74,431
Other receivables		65
Total assets		914,184,700

Liabilities
Payable to custodian bank	$ 186
Payable for investments purchased	5,767,748
Payable for fund shares redeemed	721,130
Accrued management fee	79,102
Other affiliated payables	48,250
Collateral on securities loaned, at value	57,648,906
Total liabilities		64,265,322

Net Assets		$ 849,919,378
Net Assets consist of:
Paid in capital		$ 705,898,373
Undistributed net investment income		5,306,060
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		10,079,686
Net unrealized appreciation (depreciation) on investments		128,635,259
Net Assets		$ 849,919,378

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Assets and Liabilities - continued

	October 31, 2014 (Unaudited)

Investor Class: Net Asset Value, offering price and redemption price per share ($24,035,828 ÷ 1,388,899 shares)		$ 17.31

Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($686,961,752 ÷ 39,638,540 shares)		$ 17.33

Institutional Class: Net Asset Value, offering price and redemption price per share ($119,070,788 ÷ 6,868,914 shares)		$ 17.33

Fidelity Advantage Institutional Class: Net Asset Value, offering price and redemption price per share ($19,851,010 ÷ 1,145,171 shares)		$ 17.33

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Mid Cap Index
Financial Statements - continued

Statement of Operations

Six months ended October 31, 2014 (Unaudited)

Investment Income
Dividends		$ 5,394,870
Interest		155
Income from Fidelity Central Funds (including $162,515 from security lending)		166,885
Total income		5,561,910

Expenses
Management fee	$ 437,248
Transfer agent fees	271,510
Independent trustees' compensation	1,568
Miscellaneous	482
Total expenses before reductions	710,808
Expense reductions	(415,908)	294,900
Net investment income (loss)		5,267,010
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers	10,757,389
Foreign currency transactions	22
Futures contracts	(130,474)
Total net realized gain (loss)		10,626,937
Change in net unrealized appreciation (depreciation) on: Investment securities	31,861,610
Futures contracts	247,412
Total change in net unrealized appreciation (depreciation)		32,109,022
Net gain (loss)		42,735,959
Net increase (decrease) in net assets resulting from operations		$ 48,002,969

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended October 31, 2014 (Unaudited)	Year ended April 30, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 5,267,010	$ 6,577,922
Net realized gain (loss)	10,626,937	3,526,115
Change in net unrealized appreciation (depreciation)	32,109,022	68,898,450
Net increase (decrease) in net assets resulting from operations	48,002,969	79,002,487
Distributions to shareholders from net investment income	(2,363,383)	(4,447,495)
Distributions to shareholders from net realized gain	(1,040,816)	(3,210,300)
Total distributions	(3,404,199)	(7,657,795)
Share transactions - net increase (decrease)	177,908,365	308,161,972
Redemption fees	8,829	40,938
Total increase (decrease) in net assets	222,515,964	379,547,602

Net Assets
Beginning of period	627,403,414	247,855,812
End of period (including undistributed net investment income of $5,306,060 and undistributed net investment income of $2,402,433, respectively)	$ 849,919,378	$ 627,403,414

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Investor Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.26	$ 13.66	$ 11.68	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.11	.20	.18	.09
Net realized and unrealized gain (loss)	1.02	2.65	1.99	1.64
Total from investment operations	1.13	2.85	2.17	1.73
Distributions from net investment income	(.05)	(.13)	(.15)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.08)	(.25) ^J	(.19)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.31	$ 16.26	$ 13.66	$ 11.68
Total Return^{B, C}	6.93%	20.99%	18.93%	17.37%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.33% ^A	.33%	.33%	.33% ^A
Expenses net of fee waivers, if any	.22% ^A	.22%	.25%	.26% ^A
Expenses net of all reductions	.22% ^A	.22%	.25%	.26% ^A
Net investment income (loss)	1.30% ^A	1.35%	1.56%	1.24% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,036	$ 15,099	$ 5,140	$ 7,794
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.

^I Amount represents less than $.01 per share.

^J Total distributions of $.25 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.111 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.28	$ 13.68	$ 11.69	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.21	.10
Net realized and unrealized gain (loss)	1.02	2.64	1.98	1.64
Total from investment operations	1.14	2.87	2.19	1.74
Distributions from net investment income	(.06)	(.16)	(.16)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.20)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.28	$ 13.68	$ 11.69
Total Return^{B, C}	6.99%	21.14%	19.10%	17.48%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.20% ^A	.20%	.20%	.20% ^A
Expenses net of fee waivers, if any	.08% ^A	.08%	.09%	.12% ^A
Expenses net of all reductions	.08% ^A	.08%	.09%	.12% ^A
Net investment income (loss)	1.44% ^A	1.49%	1.72%	1.37% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 686,962	$ 519,385	$ 198,767	$ 18,896
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.29	$ 13.68	$ 11.70	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.21	.10
Net realized and unrealized gain (loss)	1.01	2.65	1.98	1.65
Total from investment operations	1.13	2.88	2.19	1.75
Distributions from net investment income	(.06)	(.16)	(.16)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.21) ^J	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.29	$ 13.68	$ 11.70
Total Return^{B, C}	6.93%	21.24%	19.04%	17.59%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.14% ^A	.14%	.14%	.14% ^A
Expenses net of fee waivers, if any	.06% ^A	.06%	.07%	.08% ^A
Expenses net of all reductions	.06% ^A	.06%	.07%	.08% ^A
Net investment income (loss)	1.46% ^A	1.51%	1.74%	1.41% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 119,071	$ 88,657	$ 42,952	$ 19,312
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.21 per share is comprised of distributions from net investment income of $.1639 and distributions from net realized gain of $.044 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.29	$ 13.68	$ 11.70	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.22	.10
Net realized and unrealized gain (loss)	1.01	2.65	1.97	1.65
Total from investment operations	1.13	2.88	2.19	1.75
Distributions from net investment income	(.06)	(.16)	(.17)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.21)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.29	$ 13.68	$ 11.70
Total Return^{B, C}	6.94%	21.26%	19.06%	17.60%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.12% ^A	.12%	.12%	.12% ^A
Expenses net of fee waivers, if any	.04% ^A	.04%	.05%	.06% ^A
Expenses net of all reductions	.04% ^A	.04%	.05%	.06% ^A
Net investment income (loss)	1.48% ^A	1.53%	1.77%	1.43% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 19,851	$ 4,263	$ 996	$ 109
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index

Investment Changes (Unaudited)

Top Ten Stocks as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Puma Biotechnology, Inc.	0.4	0.1
Isis Pharmaceuticals, Inc.	0.3	0.2
WEX, Inc.	0.3	0.2
Team Health Holdings, Inc.	0.3	0.2
Brunswick Corp.	0.3	0.2
Ultimate Software Group, Inc.	0.3	0.2
RLJ Lodging Trust	0.2	0.2
Prosperity Bancshares, Inc.	0.2	0.2
LaSalle Hotel Properties (SBI)	0.2	0.2
Graphic Packaging Holding Co.	0.2	0.1
	2.7
Market Sectors as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	24.2	23.4
Information Technology	17.6	17.1
Industrials	13.9	14.5
Health Care	13.9	12.8
Consumer Discretionary	13.0	12.8
Materials	4.8	4.9
Energy	4.6	6.0
Utilities	3.5	3.3
Consumer Staples	3.1	3.8
Telecommunication Services	0.8	0.7

Semiannual Report

Spartan Small Cap Index

Investments October 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value
CONSUMER DISCRETIONARY - 13.0%
Auto Components - 1.1%
American Axle & Manufacturing Holdings, Inc. (a)	42,956		$ 830,339
Cooper Tire & Rubber Co.	40,239		1,296,098
Cooper-Standard Holding, Inc. (a)	8,685		474,027
Dana Holding Corp.	107,609		2,201,680
Dorman Products, Inc. (a)(d)	17,018		788,954
Drew Industries, Inc.	15,023		722,005
Federal-Mogul Corp. Class A (a)	18,004		281,042
Fox Factory Holding Corp. (a)	6,654		112,719
Fuel Systems Solutions, Inc. (a)(d)	8,434		77,846
Gentherm, Inc. (a)	22,275		928,868
Modine Manufacturing Co. (a)	29,952		384,284
Motorcar Parts of America, Inc. (a)	11,118		322,867
Remy International, Inc.	9,073		167,669
Shiloh Industries, Inc. (a)	4,943		84,229
Spartan Motors, Inc.	20,525		116,787
Standard Motor Products, Inc.	12,524		494,948
Stoneridge, Inc. (a)	17,695		229,858
Strattec Security Corp.	2,167		224,761
Superior Industries International, Inc.	14,790		288,553
Tenneco, Inc. (a)	38,950		2,039,422
Tower International, Inc. (a)	12,855		312,377
			12,379,333
Automobiles - 0.0%
Winnebago Industries, Inc.	17,164		364,048
Distributors - 0.2%
Core-Mark Holding Co., Inc.	14,745		855,652
Pool Corp.	28,549		1,704,375
VOXX International Corp. (a)	11,595		98,905
Weyco Group, Inc.	3,931		122,451
			2,781,383
Diversified Consumer Services - 1.0%
2U, Inc. (d)	6,110		111,202
American Public Education, Inc. (a)	10,859		336,520
Ascent Capital Group, Inc. (a)(d)	8,693		558,960
Bridgepoint Education, Inc. (a)	9,833		124,289
Bright Horizons Family Solutions, Inc. (a)	19,274		858,849
Capella Education Co.	6,827		482,942
Career Education Corp. (a)	42,188		244,690
Carriage Services, Inc.	10,148		202,554
Chegg, Inc. (d)	45,782		304,450
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Diversified Consumer Services - continued
Collectors Universe, Inc.	4,108		$ 101,057
Education Management Corp. (a)(d)	12,654		7,530
Grand Canyon Education, Inc. (a)	29,694		1,422,343
Houghton Mifflin Harcourt Co.	69,941		1,399,519
ITT Educational Services, Inc. (a)(d)	15,156		153,227
K12, Inc. (a)	21,691		268,968
Liberty Tax, Inc. (a)	2,269		85,972
LifeLock, Inc. (a)(d)	50,801		859,045
Regis Corp. (d)	27,370		464,743
Sotheby's Class A (Ltd. vtg.)	38,898		1,542,695
Steiner Leisure Ltd. (a)	9,241		389,785
Strayer Education, Inc. (a)	6,846		501,059
Universal Technical Institute, Inc.	14,821		176,518
Weight Watchers International, Inc. (a)(d)	17,561		457,464
			11,054,381
Hotels, Restaurants & Leisure - 3.0%
Belmond Ltd. Class A (a)	63,450		727,137
Biglari Holdings, Inc. (a)	1,289		450,067
BJ's Restaurants, Inc. (a)(d)	14,985		659,640
Bloomin' Brands, Inc. (a)	48,490		916,946
Bob Evans Farms, Inc.	15,557		759,959
Boyd Gaming Corp. (a)(d)	48,835		564,044
Bravo Brio Restaurant Group, Inc. (a)	11,409		158,243
Buffalo Wild Wings, Inc. (a)(d)	11,953		1,784,344
Caesars Acquisition Co. (a)(d)	28,664		299,252
Caesars Entertainment Corp. (a)(d)	33,065		403,062
Carrols Restaurant Group, Inc. (a)	22,300		171,933
Churchill Downs, Inc.	8,399		856,530
Chuy's Holdings, Inc. (a)(d)	10,244		306,398
ClubCorp Holdings, Inc.	13,638		259,940
Cracker Barrel Old Country Store, Inc.	11,857		1,367,705
Del Frisco's Restaurant Group, Inc. (a)	14,813		343,958
Denny's Corp. (a)	54,784		472,238
Diamond Resorts International, Inc. (a)(d)	22,396		581,400
DineEquity, Inc.	10,456		930,166
Einstein Noah Restaurant Group, Inc.	7,006		141,872
El Pollo Loco Holdings, Inc. (a)(d)	5,110		182,172
Empire Resorts, Inc. (a)(d)	8,984		67,290
Famous Dave's of America, Inc. (a)(d)	2,785		72,605
Fiesta Restaurant Group, Inc. (a)(d)	16,870		930,381
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Ignite Restaurant Group, Inc. (a)(d)	4,521		$ 31,150
International Speedway Corp. Class A	18,207		570,425
Interval Leisure Group, Inc.	25,432		535,089
Intrawest Resorts Holdings, Inc.	8,003		85,152
Isle of Capri Casinos, Inc. (a)	12,900		95,847
Jack in the Box, Inc.	25,248		1,793,618
Jamba, Inc. (a)	11,350		151,523
Krispy Kreme Doughnuts, Inc. (a)(d)	41,262		780,677
La Quinta Holdings, Inc.	28,193		575,419
Life Time Fitness, Inc. (a)(d)	25,892		1,443,997
Marcus Corp.	11,485		196,738
Marriott Vacations Worldwide Corp.	17,776		1,234,365
Monarch Casino & Resort, Inc. (a)	5,663		92,137
Morgans Hotel Group Co. (a)	17,389		138,938
Multimedia Games Holding Co., Inc. (a)	18,626		650,047
Nathan's Famous, Inc. (a)	1,872		134,559
Noodles & Co. (a)	6,994		159,673
Papa John's International, Inc.	19,243		899,803
Papa Murphy's Holdings, Inc.	3,474		32,308
Penn National Gaming, Inc. (a)	49,499		647,942
Pinnacle Entertainment, Inc. (a)(d)	37,567		962,842
Popeyes Louisiana Kitchen, Inc. (a)	14,877		689,549
Potbelly Corp. (d)	8,897		113,526
Red Robin Gourmet Burgers, Inc. (a)	9,047		497,314
Ruby Tuesday, Inc. (a)	38,390		294,835
Ruth's Hospitality Group, Inc.	22,639		275,517
Scientific Games Corp. Class A (a)(d)	32,940		387,704
Sonic Corp.	34,217		862,611
Speedway Motorsports, Inc.	6,933		135,679
Texas Roadhouse, Inc. Class A (d)	44,446		1,283,156
The Cheesecake Factory, Inc.	31,540		1,448,948
Vail Resorts, Inc.	22,893		1,977,039
Zoe's Kitchen, Inc. (d)	3,874		141,246
			32,726,655
Household Durables - 1.1%
Beazer Homes U.S.A., Inc. (a)(d)	16,687		299,198
Cavco Industries, Inc. (a)	5,574		406,177
Century Communities, Inc.	2,645		48,880
CSS Industries, Inc.	6,124		174,901
Dixie Group, Inc. (a)(d)	8,915		70,250
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Ethan Allen Interiors, Inc. (d)	16,196		$ 458,347
Flexsteel Industries, Inc.	2,913		99,945
Helen of Troy Ltd. (a)(d)	18,007		1,113,733
Hovnanian Enterprises, Inc. Class A (a)(d)	73,023		274,566
Installed Building Products, Inc. (a)	5,102		74,030
iRobot Corp. (a)(d)	18,861		673,715
KB Home	52,796		831,009
La-Z-Boy, Inc.	33,158		757,992
LGI Homes, Inc.	8,947		173,751
Libbey, Inc. (a)	13,420		385,825
Lifetime Brands, Inc.	6,232		106,630
M.D.C. Holdings, Inc.	26,095		637,240
M/I Homes, Inc. (a)(d)	15,339		330,402
Meritage Homes Corp. (a)	24,800		912,392
NACCO Industries, Inc. Class A	3,248		190,235
New Home Co. LLC (a)	5,050		76,609
Ryland Group, Inc.	29,615		1,060,513
Skullcandy, Inc. (a)	11,872		99,012
Standard Pacific Corp. (a)(d)	91,092		674,081
TRI Pointe Homes, Inc. (a)	93,611		1,281,535
Turtle Beach Corp. (a)(d)	4,176		24,137
UCP, Inc. (a)	4,657		63,754
Universal Electronics, Inc. (a)	10,266		584,033
WCI Communities, Inc. (a)(d)	6,982		130,982
William Lyon Homes, Inc. (a)	10,974		259,645
			12,273,519
Internet & Catalog Retail - 0.5%
1-800-FLOWERS.com, Inc. Class A (a)	16,957		136,165
Blue Nile, Inc. (a)(d)	7,642		271,291
Coupons.com, Inc. (a)(d)	7,185		100,015
FTD Companies, Inc. (a)(d)	11,857		417,129
Gaiam, Inc. Class A (a)	8,932		67,615
HSN, Inc.	20,981		1,386,215
Lands' End, Inc. (a)	10,531		499,907
NutriSystem, Inc. (d)	18,050		303,962
Orbitz Worldwide, Inc. (a)	32,287		267,013
Overstock.com, Inc. (a)(d)	7,545		174,440
PetMed Express, Inc. (d)	14,146		186,869
RetailMeNot, Inc. (a)(d)	19,678		414,419
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Internet & Catalog Retail - continued
Shutterfly, Inc. (a)	24,259		$ 1,014,754
ValueVision Media, Inc. Class A (a)	28,295		160,150
			5,399,944
Leisure Products - 0.5%
Arctic Cat, Inc.	8,033		270,391
Black Diamond, Inc. (a)(d)	13,540		105,070
Brunswick Corp.	58,636		2,744,165
Callaway Golf Co. (d)	48,868		383,125
Escalade, Inc.	5,898		67,473
JAKKS Pacific, Inc. (a)(d)	11,111		70,888
Johnson Outdoors, Inc. Class A	2,975		89,399
Leapfrog Enterprises, Inc. Class A (a)(d)	40,844		217,290
Malibu Boats, Inc. Class A (a)	5,766		107,594
Marine Products Corp.	6,313		53,282
Nautilus, Inc. (a)	19,486		260,723
Smith & Wesson Holding Corp. (a)	34,097		346,426
Sturm, Ruger & Co., Inc. (d)	12,278		511,747
			5,227,573
Media - 1.3%
A.H. Belo Corp. Class A	11,197		128,877
AMC Entertainment Hld, Inc. Class A	13,256		336,702
Carmike Cinemas, Inc. (a)	15,778		505,685
Central European Media Enterprises Ltd. Class A (a)(d)	42,019		102,106
Cinedigm Corp. (a)	45,567		70,629
Crown Media Holdings, Inc. Class A (a)	20,582		71,831
Cumulus Media, Inc. Class A (a)(d)	90,017		347,466
Daily Journal Corp. (a)(d)	644		117,627
Dex Media, Inc. (a)(d)	8,851		68,949
E.W. Scripps Co. Class A (a)(d)	19,417		372,806
Entercom Communications Corp. Class A (a)	14,705		151,167
Entravision Communication Corp. Class A	36,711		189,429
Eros International PLC (a)(d)	13,984		258,145
Global Sources Ltd. (a)(d)	10,581		77,559
Gray Television, Inc. (a)	31,085		287,225
Harte-Hanks, Inc.	31,538		205,312
Hemisphere Media Group, Inc. (a)(d)	4,978		63,718
Journal Communications, Inc. Class A (a)	28,149		276,142
Lee Enterprises, Inc. (a)(d)	31,916		119,047
Loral Space & Communications Ltd. (a)	8,218		628,677
Martha Stewart Living Omnimedia, Inc. Class A (a)(d)	17,802		77,083
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
MDC Partners, Inc. Class A (sub. vtg.)	27,582		$ 570,948
Media General, Inc. Class A (a)(d)	35,256		526,725
Meredith Corp. (d)	22,704		1,183,787
National CineMedia, Inc.	38,459		611,498
New Media Investment Group, Inc.	22,866		435,826
Nexstar Broadcasting Group, Inc. Class A	19,388		874,787
Radio One, Inc. Class D (non-vtg.) (a)(d)	13,761		34,265
ReachLocal, Inc. (a)(d)	7,875		35,674
Reading International, Inc. Class A (a)	10,289		102,581
Rentrak Corp. (a)(d)	6,250		480,438
Saga Communications, Inc. Class A	2,154		86,375
Salem Communications Corp. Class A	6,492		50,053
Scholastic Corp.	16,954		590,169
SFX Entertainment, Inc. (d)	29,173		149,949
Sinclair Broadcast Group, Inc. Class A (d)	43,275		1,257,139
Sizmek, Inc. (a)	13,121		75,183
The McClatchy Co. Class A (a)(d)	43,705		155,590
The New York Times Co. Class A (d)	87,116		1,118,569
Time, Inc.	70,380		1,589,884
Townsquare Media, Inc.	5,758		72,608
World Wrestling Entertainment, Inc. Class A (d)	18,494		228,401
			14,686,631
Multiline Retail - 0.2%
Burlington Stores, Inc.	18,290		767,083
Fred's, Inc. Class A (d)	23,560		369,892
The Bon-Ton Stores, Inc. (d)	8,700		76,647
Tuesday Morning Corp. (a)(d)	27,439		559,481
			1,773,103
Specialty Retail - 3.1%
Aeropostale, Inc. (a)(d)	49,296		148,381
America's Car Mart, Inc. (a)(d)	4,897		225,164
American Eagle Outfitters, Inc. (d)	123,822		1,593,589
ANN, Inc. (a)	29,512		1,132,966
Asbury Automotive Group, Inc. (a)	19,494		1,365,360
Barnes & Noble, Inc. (a)(d)	25,885		564,811
bebe stores, Inc.	18,674		42,763
Big 5 Sporting Goods Corp.	12,617		155,315
Brown Shoe Co., Inc.	28,323		753,109
Build-A-Bear Workshop, Inc. (a)	8,313		140,905
Christopher & Banks Corp. (a)	22,731		148,433
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Citi Trends, Inc. (a)	9,763		$ 221,132
Conn's, Inc. (a)(d)	17,463		543,274
Destination Maternity Corp.	9,223		138,161
Destination XL Group, Inc. (a)(d)	20,831		109,154
Express, Inc. (a)	53,175		796,030
Finish Line, Inc. Class A	30,343		803,179
Five Below, Inc. (a)(d)	34,675		1,382,492
Francesca's Holdings Corp. (a)(d)	26,343		313,745
Genesco, Inc. (a)	15,153		1,162,084
Group 1 Automotive, Inc. (d)	15,366		1,312,717
Guess?, Inc.	38,748		859,043
Haverty Furniture Companies, Inc.	12,614		277,634
hhgregg, Inc. (a)(d)	7,164		37,110
Hibbett Sports, Inc. (a)(d)	16,335		741,446
Kirkland's, Inc. (a)	9,240		164,472
Lithia Motors, Inc. Class A (sub. vtg.)	14,535		1,128,207
Lumber Liquidators Holdings, Inc. (a)(d)	17,259		928,016
MarineMax, Inc. (a)	15,482		296,790
Mattress Firm Holding Corp. (a)(d)	9,410		594,618
Monro Muffler Brake, Inc.	20,074		1,072,755
New York & Co., Inc. (a)	17,397		56,888
Office Depot, Inc. (a)	340,298		1,776,356
Outerwall, Inc. (a)(d)	12,835		812,070
Pacific Sunwear of California, Inc. (a)	29,571		44,948
Pier 1 Imports, Inc.	59,462		767,060
Rent-A-Center, Inc.	33,561		1,039,384
Restoration Hardware Holdings, Inc. (a)(d)	19,824		1,592,264
Sears Hometown & Outlet Stores, Inc. (a)(d)	6,910		103,926
Select Comfort Corp. (a)	34,380		883,222
Shoe Carnival, Inc.	9,500		174,800
Sonic Automotive, Inc. Class A (sub. vtg.)	25,227		627,900
Sportsman's Warehouse Holdings, Inc.	5,796		40,514
Stage Stores, Inc.	19,740		333,014
Stein Mart, Inc.	17,774		237,816
Systemax, Inc. (a)	6,746		103,214
The Buckle, Inc. (d)	17,728		874,522
The Cato Corp. Class A (sub. vtg.)	18,104		645,770
The Children's Place Retail Stores, Inc.	13,944		686,742
The Container Store Group, Inc.	10,777		198,728
The Men's Wearhouse, Inc.	30,470		1,433,004
The Pep Boys - Manny, Moe & Jack (a)	33,958		323,620
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Tile Shop Holdings, Inc. (a)(d)	17,619		$ 151,700
Tilly's, Inc. (a)	6,311		44,934
Vitamin Shoppe, Inc. (a)(d)	19,413		911,052
West Marine, Inc. (a)	10,415		102,484
Winmark Corp.	1,401		115,274
Zumiez, Inc. (a)(d)	12,941		431,971
			33,666,032
Textiles, Apparel & Luxury Goods - 1.0%
Columbia Sportswear Co.	17,685		681,580
Crocs, Inc. (a)	55,359		646,593
Culp, Inc.	5,214		98,910
G-III Apparel Group Ltd. (a)	12,093		959,580
Iconix Brand Group, Inc. (a)(d)	30,204		1,208,462
Movado Group, Inc. (d)	12,201		430,695
Oxford Industries, Inc.	9,184		562,520
Perry Ellis International, Inc. (a)	7,667		156,790
Quiksilver, Inc. (a)(d)	85,101		148,927
Sequential Brands Group, Inc. (a)	10,591		132,811
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	24,853		1,360,702
Steven Madden Ltd. (a)	36,711		1,150,890
Tumi Holdings, Inc. (a)(d)	32,050		665,679
Unifi, Inc. (a)	9,193		257,128
Vera Bradley, Inc. (a)(d)	13,569		309,373
Vince Holding Corp. (d)	6,970		244,299
Wolverine World Wide, Inc. (d)	64,870		1,760,572
			10,775,511
TOTAL CONSUMER DISCRETIONARY			143,108,113
CONSUMER STAPLES - 3.1%
Beverages - 0.2%
Boston Beer Co., Inc. Class A (a)(d)	5,244		1,305,756
Coca-Cola Bottling Co. Consolidated	2,971		268,697
Craft Brew Alliance, Inc. (a)	7,183		99,700
National Beverage Corp. (a)	7,431		186,667
			1,860,820
Food & Staples Retailing - 0.9%
Andersons, Inc.	17,750		1,131,208
Casey's General Stores, Inc.	24,564		2,011,055
Chefs' Warehouse Holdings (a)(d)	11,486		205,255
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food & Staples Retailing - continued
Fairway Group Holdings Corp. (a)(d)	11,021		$ 32,953
Fresh Market, Inc. (a)(d)	27,039		992,602
Ingles Markets, Inc. Class A	8,457		227,493
Liberator Medical Holdings, Inc.	18,756		54,017
Natural Grocers by Vitamin Cottage, Inc. (a)	5,322		96,381
Pantry, Inc. (a)	14,672		378,097
PriceSmart, Inc. (d)	11,792		1,049,842
Roundy's, Inc. (d)	23,379		78,787
SpartanNash Co.	24,194		542,188
SUPERVALU, Inc. (a)(d)	127,942		1,104,139
United Natural Foods, Inc. (a)(d)	31,575		2,147,732
Village Super Market, Inc. Class A	4,016		111,444
Weis Markets, Inc.	7,047		314,578
			10,477,771
Food Products - 1.5%
Alico, Inc.	1,731		63,874
B&G Foods, Inc. Class A (d)	33,886		998,282
Boulder Brands, Inc. (a)(d)	37,949		336,987
Cal-Maine Foods, Inc.	9,674		849,280
Calavo Growers, Inc.	8,504		412,784
Chiquita Brands International, Inc. (a)	29,702		428,600
Darling International, Inc. (a)	105,323		1,853,685
Dean Foods Co. (d)	58,877		866,081
Diamond Foods, Inc. (a)(d)	13,634		411,065
Farmer Brothers Co. (a)	4,450		129,762
Fresh Del Monte Produce, Inc.	22,721		729,571
Inventure Foods, Inc. (a)	9,113		120,656
J&J Snack Foods Corp.	9,304		958,591
John B. Sanfilippo & Son, Inc.	5,411		201,019
Lancaster Colony Corp.	11,771		1,076,929
Lifeway Foods, Inc. (a)(d)	2,792		46,208
Limoneira Co.	7,792		199,943
Omega Protein Corp. (a)	13,146		189,960
Post Holdings, Inc. (a)(d)	27,707		1,039,013
Sanderson Farms, Inc. (d)	14,521		1,219,474
Seaboard Corp. (a)(d)	178		546,971
Seneca Foods Corp. Class A (a)	4,862		130,691
Snyders-Lance, Inc.	30,139		897,841
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Tootsie Roll Industries, Inc. (d)	11,934		$ 353,843
TreeHouse Foods, Inc. (a)	26,642		2,269,099
			16,330,209
Household Products - 0.2%
Central Garden & Pet Co. Class A (non-vtg.) (a)	27,466		235,933
Harbinger Group, Inc. (a)	54,398		714,790
Oil-Dri Corp. of America	2,910		87,824
Orchids Paper Products Co.	4,807		138,249
WD-40 Co.	9,521		729,975
			1,906,771
Personal Products - 0.2%
Elizabeth Arden, Inc. (a)(d)	15,967		261,859
IGI Laboratories, Inc. (a)	20,507		201,174
Inter Parfums, Inc.	10,504		298,314
MediFast, Inc. (a)(d)	8,212		260,649
Nature's Sunshine Products, Inc.	6,474		96,463
Nutraceutical International Corp. (a)	5,155		115,884
Revlon, Inc. (a)	7,211		247,337
Synutra International, Inc. (a)	10,309		65,256
The Female Health Co. (d)	12,959		59,223
USANA Health Sciences, Inc. (a)(d)	3,837		437,341
			2,043,500
Tobacco - 0.1%
22nd Century Group, Inc. (a)(d)	31,852		70,074
Alliance One International, Inc. (a)	52,494		106,563
Universal Corp. (d)	14,536		646,852
Vector Group Ltd. (d)	43,764		977,688
			1,801,177
TOTAL CONSUMER STAPLES			34,420,248
ENERGY - 4.6%
Energy Equipment & Services - 1.5%
Aspen Aerogels, Inc. (d)	3,621		35,957
Basic Energy Services, Inc. (a)	19,855		256,130
Bristow Group, Inc.	22,514		1,663,785
C&J Energy Services, Inc. (a)(d)	29,121		562,327
Carbo Ceramics, Inc.	12,432		642,361
Dawson Geophysical Co.	4,802		81,586
Common Stocks - continued
	Shares		Value
ENERGY - continued
Energy Equipment & Services - continued
Era Group, Inc. (a)	12,659		$ 296,094
Exterran Holdings, Inc.	37,181		1,462,329
Forum Energy Technologies, Inc. (a)	37,564		1,025,497
Geospace Technologies Corp. (a)(d)	8,199		252,447
Glori Energy, Inc. (a)	7,256		38,674
Gulf Island Fabrication, Inc.	9,143		193,283
Gulfmark Offshore, Inc. Class A	17,174		517,968
Helix Energy Solutions Group, Inc. (a)	66,874		1,781,523
Hercules Offshore, Inc. (a)(d)	100,343		165,566
Hornbeck Offshore Services, Inc. (a)(d)	22,978		704,505
Independence Contract Drilling, Inc. (d)	6,472		47,440
ION Geophysical Corp. (a)	81,179		227,301
Key Energy Services, Inc. (a)(d)	81,867		248,876
Matrix Service Co. (a)	16,493		413,315
McDermott International, Inc. (a)(d)	151,012		579,886
Mitcham Industries, Inc. (a)	7,550		77,010
Natural Gas Services Group, Inc. (a)	7,893		203,087
Newpark Resources, Inc. (a)(d)	53,695		613,734
Nordic American Offshore Ltd.	11,318		181,088
North Atlantic Drilling Ltd.	44,895		277,900
Nuverra Environmental Solutions, Inc. (a)(d)	9,439		89,387
Parker Drilling Co. (a)	81,381		361,332
PHI, Inc. (non-vtg.) (a)	7,909		353,849
Pioneer Energy Services Corp. (a)	38,983		357,864
Profire Energy, Inc. (a)(d)	7,940		29,457
RigNet, Inc. (a)	7,480		325,006
SEACOR Holdings, Inc. (a)(d)	13,159		1,084,960
Tesco Corp.	21,740		413,930
TETRA Technologies, Inc. (a)	49,759		474,203
Vantage Drilling Co. (a)(d)	130,570		126,326
Willbros Group, Inc. (a)	25,206		147,959
			16,313,942
Oil, Gas & Consumable Fuels - 3.1%
Abraxas Petroleum Corp. (a)	57,536		237,624
Adams Resources & Energy, Inc.	1,270		53,404
Alon U.S.A. Energy, Inc. (d)	16,287		261,243
Alpha Natural Resources, Inc. (a)(d)	138,202		270,876
American Eagle Energy Corp. (a)(d)	18,113		31,517
Amyris, Inc. (a)(d)	16,118		48,676
APCO Oil and Gas International, Inc. (a)	5,442		77,984
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Approach Resources, Inc. (a)(d)	24,835		$ 245,867
Arch Coal, Inc. (d)	132,338		285,850
Ardmore Shipping Corp.	10,749		108,887
Bill Barrett Corp. (a)(d)	33,148		503,850
Bonanza Creek Energy, Inc. (a)	20,750		938,730
BPZ Energy, Inc. (a)(d)	70,626		87,576
Callon Petroleum Co. (a)	34,566		226,753
Carrizo Oil & Gas, Inc. (a)	28,834		1,497,638
Clayton Williams Energy, Inc. (a)(d)	3,680		305,955
Clean Energy Fuels Corp. (a)(d)	43,595		318,679
Cloud Peak Energy, Inc. (a)	39,053		467,464
Comstock Resources, Inc. (d)	29,828		353,164
Contango Oil & Gas Co. (a)(d)	10,855		396,967
Delek U.S. Holdings, Inc.	37,854		1,282,872
DHT Holdings, Inc.	57,889		385,541
Diamondback Energy, Inc. (a)	26,908		1,841,584
Dorian Lpg Ltd.	4,358		62,450
Eclipse Resources Corp.	18,975		248,762
Emerald Oil, Inc. (a)(d)	35,869		114,063
Energy XXI (Bermuda) Ltd.	61,470		472,704
Evolution Petroleum Corp.	11,684		110,531
EXCO Resources, Inc. (d)	94,588		288,493
Forest Oil Corp. (a)(d)	70,652		57,228
Frontline Ltd. (NY Shares) (a)(d)	39,492		55,684
FX Energy, Inc. (a)(d)	32,104		96,312
GasLog Ltd. (d)	26,719		556,290
Gastar Exploration, Inc. (a)	43,695		174,780
Goodrich Petroleum Corp. (a)(d)	21,659		178,470
Green Plains, Inc. (d)	23,635		808,317
Halcon Resources Corp. (a)(d)	165,859		515,821
Hallador Energy Co.	6,177		74,124
Harvest Natural Resources, Inc. (a)	25,067		93,249
Isramco, Inc. (a)	531		69,561
Jones Energy, Inc. (a)	6,645		82,132
Kodiak Oil & Gas Corp. (a)	168,239		1,815,299
Magnum Hunter Resources Corp. (a)(d)	129,479		600,783
Magnum Hunter Resources Corp. warrants 4/16/16 (a)	5,763		1,613
Matador Resources Co. (a)(d)	46,315		1,124,065
Midstates Petroleum Co., Inc. (a)(d)	22,141		65,759
Miller Energy Resources, Inc. (a)(d)	17,792		61,916
Navios Maritime Acquisition Corp.	55,482		175,878
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Nordic American Tanker Shipping Ltd. (d)	55,848		$ 471,916
Northern Oil & Gas, Inc. (a)(d)	38,013		429,547
Pacific Ethanol, Inc. (a)	14,686		207,219
Panhandle Royalty Co. Class A	8,714		179,160
Parsley Energy, Inc. Class A	33,740		572,568
PDC Energy, Inc. (a)	22,652		990,345
Penn Virginia Corp. (a)(d)	40,671		348,550
Petroquest Energy, Inc. (a)(d)	36,944		173,637
Quicksilver Resources, Inc. (a)(d)	74,785		40,877
Renewable Energy Group, Inc. (a)(d)	21,618		227,638
Resolute Energy Corp. (a)(d)	48,636		169,253
Rex American Resources Corp. (a)	4,073		296,351
Rex Energy Corp. (a)(d)	29,804		233,663
Ring Energy, Inc. (a)	13,287		228,536
Rosetta Resources, Inc. (a)(d)	38,905		1,479,557
RSP Permian, Inc. (a)(d)	14,514		355,158
Sanchez Energy Corp. (a)(d)	32,410		553,239
Scorpio Tankers, Inc. (d)	108,929		950,950
SemGroup Corp. Class A	27,127		2,081,997
Ship Finance International Ltd. (NY Shares) (d)	37,399		642,889
Solazyme, Inc. (a)(d)	47,405		363,596
Stone Energy Corp. (a)(d)	35,595		872,078
Swift Energy Co. (a)(d)	27,493		188,327
Synergy Resources Corp. (a)(d)	43,348		528,412
Teekay Tankers Ltd. (d)	41,478		175,867
TransAtlantic Petroleum Ltd. (a)	13,479		111,202
Triangle Petroleum Corp. (a)(d)	47,895		371,186
VAALCO Energy, Inc. (a)(d)	31,065		230,502
Vertex Energy, Inc. (a)(d)	8,275		52,298
W&T Offshore, Inc.	21,889		198,971
Warren Resources, Inc. (a)(d)	46,069		159,399
Western Refining, Inc.	33,790		1,540,486
Westmoreland Coal Co. (a)	9,748		356,484
			33,914,843
TOTAL ENERGY			50,228,785
FINANCIALS - 24.2%
Banks - 7.7%
1st Source Corp.	9,613		300,791
1st United Bancorp, Inc.	17,585		155,627
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
American National Bankshares, Inc.	4,707		$ 113,909
Ameris Bancorp	15,958		395,758
Ames National Corp.	4,907		121,694
Arrow Financial Corp. (d)	6,509		178,282
Banc of California, Inc. (d)	17,710		208,447
BancFirst Corp.	4,712		306,280
Banco Latinoamericano de Comercio Exterior SA Series E (d)	18,875		634,955
Bancorp, Inc., Delaware (a)	20,704		195,860
BancorpSouth, Inc.	60,979		1,404,346
Bank of Kentucky Financial Corp.	3,914		183,606
Bank of Marin Bancorp	3,521		175,768
Bank of the Ozarks, Inc.	50,329		1,773,594
Banner Bank	12,159		525,512
BBCN Bancorp, Inc.	50,159		709,248
Blue Hills Bancorp, Inc. (a)	17,639		235,128
BNC Bancorp	13,229		225,025
Boston Private Financial Holdings, Inc.	50,940		669,861
Bridge Bancorp, Inc.	6,924		181,824
Bridge Capital Holdings (a)	5,844		140,957
Bryn Mawr Bank Corp.	9,089		280,214
C1 Financial, Inc. (d)	2,112		36,474
Camden National Corp.	4,418		180,740
Capital Bank Financial Corp. Series A (a)	15,184		393,114
Capital City Bank Group, Inc.	6,336		95,737
Cardinal Financial Corp.	21,355		410,016
Cascade Bancorp (a)	18,481		94,438
Cathay General Bancorp	50,015		1,320,896
Centerstate Banks of Florida, Inc.	22,500		261,900
Central Pacific Financial Corp.	11,217		212,001
Century Bancorp, Inc. Class A (non-vtg.)	2,075		78,809
Chemical Financial Corp.	20,744		617,756
Citizens & Northern Corp.	7,402		147,300
City Holding Co. (d)	9,934		446,931
CNB Financial Corp., Pennsylvania	8,614		156,000
CoBiz, Inc.	22,748		273,431
Columbia Banking Systems, Inc.	34,405		955,771
Community Bank System, Inc.	25,812		984,728
Community Trust Bancorp, Inc.	9,956		357,918
CommunityOne Bancorp (a)	6,887		73,278
ConnectOne Bancorp, Inc.	14,185		262,423
CU Bancorp (a)	5,944		117,394
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Customers Bancorp, Inc. (d)	16,082		$ 307,166
CVB Financial Corp. (d)	65,950		1,040,691
Eagle Bancorp, Inc. (a)(d)	14,312		514,230
Enterprise Bancorp, Inc.	4,452		104,756
Enterprise Financial Services Corp.	13,360		251,836
FCB Financial Holdings, Inc. Class A	5,162		118,468
Fidelity Southern Corp.	11,066		169,863
Financial Institutions, Inc.	9,320		234,305
First Bancorp, North Carolina	13,198		239,148
First Bancorp, Puerto Rico (a)	65,676		342,172
First Busey Corp.	46,906		293,163
First Business Finance Services, Inc.	2,349		110,239
First Citizen Bancshares, Inc.	4,766		1,197,267
First Commonwealth Financial Corp.	58,957		551,248
First Community Bancshares, Inc.	9,749		159,591
First Connecticut Bancorp, Inc.	9,620		150,457
First Financial Bancorp, Ohio	36,223		635,351
First Financial Bankshares, Inc. (d)	40,353		1,282,418
First Financial Corp., Indiana	7,631		264,643
First Interstate Bancsystem, Inc.	11,696		343,161
First Merchants Corp.	22,544		510,622
First Midwest Bancorp, Inc., Delaware	47,305		794,251
First NBC Bank Holding Co. (a)	9,312		342,030
First of Long Island Corp.	8,144		214,513
FirstMerit Corp.	105,622		1,938,164
Flushing Financial Corp.	19,239		387,473
FNB Corp., Pennsylvania	110,775		1,416,812
German American Bancorp, Inc.	8,816		263,334
Glacier Bancorp, Inc.	47,149		1,352,705
Great Southern Bancorp, Inc.	7,184		273,064
Green Bancorp, Inc.	3,007		51,390
Guaranty Bancorp	8,778		138,429
Hampton Roads Bankshares, Inc. (a)	20,296		35,315
Hancock Holding Co.	51,985		1,829,352
Hanmi Financial Corp.	19,772		424,109
Heartland Financial U.S.A., Inc.	10,361		275,603
Heritage Commerce Corp.	12,399		107,871
Heritage Financial Corp., Washington	20,091		352,597
Heritage Oaks Bancorp	13,355		105,104
Home Bancshares, Inc.	34,204		1,091,792
HomeTrust Bancshares, Inc. (a)	12,420		191,889
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Horizon Bancorp Industries	5,480		$ 140,946
Hudson Valley Holding Corp.	9,972		226,763
IBERIABANK Corp.	19,856		1,367,284
Independent Bank Corp.	15,378		185,612
Independent Bank Corp., Massachusetts (d)	14,975		610,980
Independent Bank Group, Inc.	5,784		258,487
International Bancshares Corp.	33,970		963,729
Investors Bancorp, Inc.	220,791		2,373,503
Lakeland Bancorp, Inc.	25,435		279,531
Lakeland Financial Corp.	10,500		435,120
Macatawa Bank Corp.	15,599		81,271
MainSource Financial Group, Inc.	13,027		236,961
MB Financial, Inc. (d)	42,153		1,329,927
Mercantile Bank Corp.	10,626		209,651
Merchants Bancshares, Inc.	3,067		91,366
Metro Bancorp, Inc. (a)	8,937		223,782
Midsouth Bancorp, Inc.	4,962		93,980
MidWestOne Financial Group, Inc.	4,156		110,882
National Bank Holdings Corp.	25,931		507,988
National Bankshares, Inc. (d)	4,138		129,561
National Penn Bancshares, Inc.	80,205		825,309
NBT Bancorp, Inc.	27,127		696,621
NewBridge Bancorp (a)	22,877		203,377
Northrim Bancorp, Inc.	4,066		117,507
OFG Bancorp	28,538		444,337
Old Line Bancshares, Inc.	4,990		79,740
Old National Bancorp, Indiana	74,156		1,078,970
OmniAmerican Bancorp, Inc.	7,388		199,772
Opus Bank	3,053		80,294
Pacific Continental Corp.	10,708		154,409
Pacific Premier Bancorp, Inc. (a)	11,505		186,266
Palmetto Bancshares, Inc.	2,664		44,276
Park National Corp. (d)	8,347		704,236
Park Sterling Corp.	30,348		232,466
Peapack-Gladstone Financial Corp.	7,166		130,780
Penns Woods Bancorp, Inc.	2,870		139,281
Peoples Bancorp, Inc.	9,990		246,254
Peoples Financial Services Corp. (d)	4,753		238,458
Pinnacle Financial Partners, Inc.	22,512		882,470
Preferred Bank, Los Angeles	7,680		204,134
PrivateBancorp, Inc.	45,314		1,464,548
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Prosperity Bancshares, Inc.	43,396		$ 2,620,684
Renasant Corp.	19,515		588,377
Republic Bancorp, Inc., Kentucky Class A	5,909		143,293
Republic First Bancorp, Inc. (a)(d)	18,420		73,127
S&T Bancorp, Inc.	18,772		517,919
Sandy Spring Bancorp, Inc.	16,099		415,354
Seacoast Banking Corp., Florida (a)	11,547		147,340
ServisFirst Bancshares, Inc.	1,116		32,911
Sierra Bancorp	7,231		124,084
Simmons First National Corp. Class A	10,438		438,292
South State Corp.	15,408		929,256
Southside Bancshares, Inc. (d)	11,680		392,214
Southwest Bancorp, Inc., Oklahoma	13,002		234,426
Square 1 Financial, Inc. Class A	4,724		93,960
State Bank Financial Corp.	20,985		376,051
Sterling Bancorp	51,892		729,602
Stock Yards Bancorp, Inc.	10,073		335,229
Stonegate Bank (d)	6,550		178,095
Suffolk Bancorp	7,865		180,580
Sun Bancorp, Inc. (a)	5,051		102,030
Susquehanna Bancshares, Inc.	119,967		1,176,876
Talmer Bancorp, Inc. Class A	11,493		160,672
Texas Capital Bancshares, Inc. (a)(d)	27,075		1,655,636
The First Bancorp, Inc.	5,713		101,063
Tompkins Financial Corp.	9,419		472,834
TowneBank (d)	19,130		290,011
Trico Bancshares (d)	14,002		368,253
TriState Capital Holdings, Inc. (a)	13,149		128,203
Trustmark Corp. (d)	43,414		1,056,263
UMB Financial Corp.	23,694		1,411,689
Umpqua Holdings Corp. (d)	104,570		1,840,432
Union Bankshares Corp.	29,314		658,979
United Bankshares, Inc., West Virginia (d)	43,515		1,491,694
United Community Bank, Inc.	31,844		574,147
Univest Corp. of Pennsylvania	11,059		226,931
Valley National Bancorp (d)	124,572		1,243,229
ViewPoint Financial Group	25,524		696,039
Washington Trust Bancorp, Inc.	9,454		362,750
Webster Financial Corp.	56,391		1,767,294
WesBanco, Inc.	16,813		579,376
West Bancorp., Inc.	9,520		157,842
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Westamerica Bancorp.	16,414		$ 809,867
Western Alliance Bancorp. (a)	47,921		1,275,657
Wilshire Bancorp, Inc.	44,524		440,788
Wintrust Financial Corp.	29,989		1,389,090
Yadkin Financial Corp. (a)	13,056		253,417
			84,453,018
Capital Markets - 1.6%
Actua Corp. (a)	25,824		485,491
Arlington Asset Investment Corp. (d)	13,682		374,613
BGC Partners, Inc. Class A	109,730		930,510
Calamos Asset Management, Inc. Class A	11,643		159,509
CIFI Corp.	3,577		32,908
Cohen & Steers, Inc. (d)	12,656		542,436
CorEnergy Infrastructure Trust, Inc.	18,839		141,481
Cowen Group, Inc. Class A (a)	72,108		291,316
Diamond Hill Investment Group, Inc.	1,805		241,852
Evercore Partners, Inc. Class A	20,897		1,081,838
FBR & Co. (a)	5,936		143,295
Financial Engines, Inc. (d)	32,424		1,292,745
FXCM, Inc. Class A (d)	28,412		467,662
GAMCO Investors, Inc. Class A	4,011		331,389
GFI Group, Inc.	47,463		261,047
Greenhill & Co., Inc.	17,787		800,415
HFF, Inc.	20,773		653,934
INTL FCStone, Inc. (a)	9,191		166,357
Investment Technology Group, Inc. (a)	22,582		404,895
Janus Capital Group, Inc.	94,579		1,417,739
KCG Holdings, Inc. Class A (a)	31,428		335,022
Ladenburg Thalmann Financial Services, Inc. (a)(d)	62,169		265,462
Manning & Napier, Inc. Class A	8,127		128,732
Marcus & Millichap, Inc.	5,002		155,362
Moelis & Co. Class A	4,630		158,161
Oppenheimer Holdings, Inc. Class A (non-vtg.)	7,354		180,541
Piper Jaffray Companies (a)	10,095		569,964
Pzena Investment Management, Inc.	6,767		68,008
RCS Capital Corp. Class A (d)	5,878		96,458
Safeguard Scientifics, Inc. (a)(d)	12,930		257,954
Silvercrest Asset Management Group Class A (a)	3,371		50,329
Stifel Financial Corp. (a)	41,491		1,971,237
SWS Group, Inc. (a)(d)	17,439		128,874
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Capital Markets - continued
Virtus Investment Partners, Inc.	4,443		$ 796,230
Walter Investment Management Corp. (a)(d)	23,767		539,986
Westwood Holdings Group, Inc.	4,585		309,488
WisdomTree Investments, Inc. (d)	67,898		1,001,496
			17,234,736
Consumer Finance - 0.8%
Cash America International, Inc.	17,732		871,528
Consumer Portfolio Services, Inc. (a)	12,510		88,321
Credit Acceptance Corp. (a)(d)	4,392		648,084
Encore Capital Group, Inc. (a)(d)	16,458		749,004
EZCORP, Inc. (non-vtg.) Class A (a)(d)	33,491		377,778
First Cash Financial Services, Inc. (a)	18,527		1,094,575
Green Dot Corp. Class A (a)	19,420		464,138
J.G. Wentworth Co.	7,012		77,973
Nelnet, Inc. Class A	13,479		641,466
Nicholas Financial, Inc. (a)	6,150		75,092
Portfolio Recovery Associates, Inc. (a)(d)	31,682		2,003,887
Regional Management Corp. (a)	6,354		74,088
Springleaf Holdings, Inc.	15,407		576,530
World Acceptance Corp. (a)(d)	4,994		357,870
			8,100,334
Diversified Financial Services - 0.3%
Gain Capital Holdings, Inc. (d)	13,785		118,000
MarketAxess Holdings, Inc.	23,990		1,550,954
Marlin Business Services Corp.	4,983		105,341
NewStar Financial, Inc. (a)	16,892		231,083
PHH Corp. (a)(d)	36,047		853,953
PICO Holdings, Inc. (a)	14,324		316,560
Resource America, Inc. Class A	8,048		76,778
Tiptree Financial, Inc. (a)	4,666		37,701
			3,290,370
Insurance - 2.6%
AMBAC Financial Group, Inc. (a)	28,505		652,194
American Equity Investment Life Holding Co. (d)	46,748		1,206,566
Amerisafe, Inc.	12,169		507,447
Amtrust Financial Services, Inc. (d)	18,867		846,562
Argo Group International Holdings, Ltd.	16,525		922,095
Atlas Financial Holdings, Inc. (a)	6,852		101,615
Baldwin & Lyons, Inc. Class B	5,529		148,841
Citizens, Inc. Class A (a)(d)	27,981		203,981
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
CNO Financial Group, Inc.	137,321		$ 2,489,630
Crawford & Co. Class B	19,315		196,627
Donegal Group, Inc. Class A	4,843		76,616
eHealth, Inc. (a)(d)	11,329		282,659
EMC Insurance Group	3,004		96,248
Employers Holdings, Inc.	19,686		401,398
Enstar Group Ltd. (a)	5,477		810,979
FBL Financial Group, Inc. Class A	6,158		305,314
Federated National Holding Co.	8,665		289,931
Fidelity & Guaranty Life	7,139		169,551
First American Financial Corp.	67,110		2,034,775
Global Indemnity PLC (a)	4,865		140,988
Greenlight Capital Re, Ltd. (a)	17,742		575,728
Hallmark Financial Services, Inc. (a)	8,433		98,329
HCI Group, Inc.	5,652		287,348
Heritage Insurance Holdings, Inc.	4,109		72,976
Hilltop Holdings, Inc. (a)	44,027		969,915
Horace Mann Educators Corp.	25,894		787,437
Independence Holding Co.	4,576		64,750
Infinity Property & Casualty Corp.	7,223		527,351
Kansas City Life Insurance Co.	2,262		112,263
Kemper Corp.	29,416		1,083,980
Maiden Holdings Ltd.	31,247		373,402
Meadowbrook Insurance Group, Inc. (d)	31,579		201,158
Montpelier Re Holdings Ltd. (d)	24,419		809,246
National General Holdings Corp.	22,456		421,050
National Interstate Corp.	4,219		119,988
National Western Life Insurance Co. Class A	1,437		389,427
Navigators Group, Inc. (a)	6,755		459,948
OneBeacon Insurance Group Ltd.	15,314		243,952
Phoenix Companies, Inc. (a)(d)	3,565		211,618
Platinum Underwriters Holdings Ltd.	16,926		1,060,075
Primerica, Inc.	34,620		1,770,813
RLI Corp. (d)	26,997		1,338,781
Safety Insurance Group, Inc.	8,248		514,510
Selective Insurance Group, Inc.	36,609		945,244
State Auto Financial Corp.	9,623		201,409
Stewart Information Services Corp.	13,379		472,546
Symetra Financial Corp.	47,634		1,128,926
Third Point Reinsurance Ltd. (a)	35,714		546,424
United Fire Group, Inc.	12,958		420,876
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
United Insurance Holdings Corp.	10,421		$ 204,252
Universal Insurance Holdings, Inc.	19,391		339,343
			28,637,082
Real Estate Investment Trusts - 8.9%
Acadia Realty Trust (SBI)	35,362		1,103,294
AG Mortgage Investment Trust, Inc.	17,598		335,594
Agree Realty Corp.	10,092		308,916
Alexanders, Inc.	1,370		605,540
Altisource Residential Corp. Class B	36,061		837,336
American Assets Trust, Inc.	22,441		860,388
American Capital Mortgage Investment Corp.	31,732		621,630
American Realty Capital Heathcare Trust, Inc.	105,985		1,197,631
American Residential Properties, Inc. (a)(d)	20,228		384,332
AmREIT, Inc. Class B (d)	12,289		302,801
Anworth Mortgage Asset Corp.	80,567		418,143
Apollo Commercial Real Estate Finance, Inc. (d)	28,777		473,094
Apollo Residential Mortgage, Inc.	19,773		329,814
Ares Commercial Real Estate Corp.	17,025		207,024
Armada Hoffler Properties, Inc.	15,975		149,846
Armour Residential REIT, Inc.	227,143		899,486
Ashford Hospitality Prime, Inc.	16,053		278,198
Ashford Hospitality Trust, Inc.	43,709		493,912
Associated Estates Realty Corp.	36,179		706,576
Aviv REIT, Inc. (d)	12,178		410,764
Campus Crest Communities, Inc.	40,728		258,216
Capstead Mortgage Corp. (d)	58,619		745,047
CareTrust (REIT), Inc.	12,592		195,554
CatchMark Timber Trust, Inc.	11,343		132,713
Cedar Shopping Centers, Inc.	50,327		346,250
Chambers Street Properties	149,976		1,231,303
Chatham Lodging Trust	21,664		555,032
Chesapeake Lodging Trust	34,663		1,145,266
Colony Financial, Inc.	67,391		1,501,471
Coresite Realty Corp.	13,391		495,735
Cousins Properties, Inc.	138,294		1,799,205
CubeSmart	101,077		2,127,671
CyrusOne, Inc.	21,493		586,974
CYS Investments, Inc. (d)	102,356		914,039
DCT Industrial Trust, Inc.	205,654		1,762,455
DiamondRock Hospitality Co.	123,852		1,777,276
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
DuPont Fabros Technology, Inc. (d)	40,153		$ 1,243,538
Dynex Capital, Inc.	34,637		291,644
EastGroup Properties, Inc.	19,723		1,358,126
Education Realty Trust, Inc.	86,871		978,167
Empire State Realty Trust, Inc. (d)	59,367		947,497
EPR Properties	36,135		2,027,174
Equity One, Inc.	38,813		931,512
Excel Trust, Inc.	39,603		514,839
FelCor Lodging Trust, Inc.	80,977		868,883
First Industrial Realty Trust, Inc.	70,034		1,367,764
First Potomac Realty Trust	36,510		456,375
Franklin Street Properties Corp.	61,956		742,852
Getty Realty Corp. (d)	16,452		306,172
Gladstone Commercial Corp.	13,951		252,513
Glimcher Realty Trust	91,535		1,256,776
Government Properties Income Trust	42,813		976,993
Gramercy Property Trust, Inc. (d)	73,337		458,356
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	14,602		204,136
Hatteras Financial Corp.	59,720		1,137,069
Healthcare Realty Trust, Inc.	60,079		1,590,291
Hersha Hospitality Trust	129,081		941,000
Highwoods Properties, Inc. (SBI)	56,099		2,404,964
Hudson Pacific Properties, Inc. (d)	35,488		969,177
Inland Real Estate Corp.	57,708		612,282
Invesco Mortgage Capital, Inc. (d)	76,330		1,262,498
Investors Real Estate Trust	71,386		599,642
iStar Financial, Inc. (a)	54,487		773,171
Kite Realty Group Trust	20,520		531,263
LaSalle Hotel Properties (SBI)	65,825		2,580,998
Lexington Corporate Properties Trust	129,460		1,418,882
LTC Properties, Inc.	21,833		915,676
Mack-Cali Realty Corp.	56,232		1,053,225
Medical Properties Trust, Inc. (d)	110,110		1,485,384
Monmouth Real Estate Investment Corp. Class A	35,799		400,949
National Health Investors, Inc. (d)	20,975		1,382,462
New Residential Investment Corp.	88,862		1,100,112
New York (REIT), Inc.	102,957		1,155,178
New York Mortgage Trust, Inc. (d)	56,546		441,624
One Liberty Properties, Inc. (d)	7,312		167,372
Owens Realty Mortgage, Inc.	6,412		95,859
Parkway Properties, Inc.	49,500		992,475
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
Pebblebrook Hotel Trust	42,722		$ 1,819,957
Pennsylvania Real Estate Investment Trust (SBI)	43,511		932,441
PennyMac Mortgage Investment Trust	46,610		1,006,310
Physicians Realty Trust	29,603		454,110
Potlatch Corp.	26,022		1,144,708
PS Business Parks, Inc.	12,890		1,085,596
QTS Realty Trust, Inc. Class A (d)	7,548		265,841
RAIT Financial Trust (d)	51,309		376,095
Ramco-Gershenson Properties Trust (SBI)	48,904		854,842
Redwood Trust, Inc. (d)	52,350		983,657
Resource Capital Corp.	82,158		434,616
Retail Opportunity Investments Corp. (d)	56,879		929,403
Rexford Industrial Realty, Inc.	28,341		437,868
RLJ Lodging Trust	82,569		2,660,373
Rouse Properties, Inc. (d)	23,575		429,301
Ryman Hospitality Properties, Inc. (d)	27,623		1,363,195
Sabra Health Care REIT, Inc.	34,417		983,294
Saul Centers, Inc.	6,264		344,207
Select Income (REIT)	23,820		583,828
Silver Bay Realty Trust Corp.	24,232		410,248
Sovran Self Storage, Inc.	20,968		1,784,167
Stag Industrial, Inc.	36,157		882,231
Starwood Waypoint Residential	24,821		649,814
Strategic Hotel & Resorts, Inc. (a)	156,227		2,007,517
Summit Hotel Properties, Inc.	54,653		636,161
Sun Communities, Inc.	30,545		1,770,694
Sunstone Hotel Investors, Inc.	130,180		1,993,056
Terreno Realty Corp.	20,639		434,657
The GEO Group, Inc.	45,887		1,832,727
Trade Street Residential, Inc.	11,054		76,273
UMH Properties, Inc.	11,437		115,514
Universal Health Realty Income Trust (SBI)	8,029		389,005
Urstadt Biddle Properties, Inc. Class A	16,482		356,506
Washington REIT (SBI) (d)	42,154		1,191,272
Western Asset Mortgage Capital Corp. (d)	26,283		394,771
Whitestone REIT Class B	15,649		234,735
			97,942,386
Real Estate Management & Development - 0.5%
Alexander & Baldwin, Inc.	30,705		1,229,121
Altisource Asset Management Corp. (a)	888		479,520
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - continued
Altisource Portfolio Solutions SA (a)	9,180		$ 685,379
AV Homes, Inc. (a)	6,727		100,838
Consolidated-Tomoka Land Co.	2,551		133,137
Forestar Group, Inc. (a)	21,971		383,394
Kennedy-Wilson Holdings, Inc.	45,271		1,226,391
RE/MAX Holdings, Inc.	7,060		225,920
Tejon Ranch Co. (a)	8,853		267,184
The St. Joe Co. (a)(d)	39,767		761,538
			5,492,422
Thrifts & Mortgage Finance - 1.8%
Astoria Financial Corp.	55,371		728,129
Bank Mutual Corp.	32,125		211,704
BankFinancial Corp.	11,090		132,304
BBX Capital Corp. (a)	5,119		94,190
Beneficial Mutual Bancorp, Inc. (a)	18,660		250,604
Berkshire Hills Bancorp, Inc.	16,061		414,053
BofI Holding, Inc. (a)(d)	9,201		708,661
Brookline Bancorp, Inc., Delaware	45,658		437,860
Capitol Federal Financial, Inc.	90,162		1,154,975
Charter Financial Corp.	13,423		152,217
Clifton Bancorp, Inc.	17,784		231,548
Dime Community Bancshares, Inc.	20,965		330,199
ESB Financial Corp.	8,866		165,440
Essent Group Ltd.	26,294		639,996
EverBank Financial Corp.	57,394		1,099,095
Farmer Mac Class C (non-vtg.)	6,548		218,048
First Defiance Financial Corp.	5,755		176,276
First Financial Northwest, Inc.	8,720		101,152
Flagstar Bancorp, Inc. (a)	12,727		200,068
Fox Chase Bancorp, Inc.	7,223		118,313
Franklin Financial Corp./VA (a)(d)	5,772		119,827
Home Loan Servicing Solutions Ltd.	45,556		875,131
HomeStreet, Inc.	9,987		173,974
Kearny Financial Corp. (a)	8,342		118,790
Ladder Capital Corp. Class A	9,544		181,241
Meridian Bancorp, Inc. (a)	12,099		137,203
Meta Financial Group, Inc.	3,659		137,249
MGIC Investment Corp. (a)(d)	214,439		1,912,796
NMI Holdings, Inc. (a)(d)	31,836		284,932
Northfield Bancorp, Inc.	33,792		481,198
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Thrifts & Mortgage Finance - continued
Northwest Bancshares, Inc.	58,949		$ 756,316
OceanFirst Financial Corp.	7,983		132,278
Oritani Financial Corp.	28,408		419,586
PennyMac Financial Services, Inc. (a)	7,977		132,897
Provident Financial Services, Inc.	38,563		703,003
Radian Group, Inc. (d)	120,377		2,028,352
Stonegate Mortgage Corp. (a)(d)	8,512		123,084
Territorial Bancorp, Inc.	5,202		111,739
Tree.com, Inc. (a)(d)	4,085		151,104
Trustco Bank Corp., New York	60,314		440,292
United Community Financial Corp.	33,941		173,778
United Financial Bancorp, Inc. New	32,774		459,819
Walker & Dunlop, Inc. (a)	12,023		193,691
Washington Federal, Inc.	65,001		1,418,972
Waterstone Financial, Inc.	21,679		265,351
WSFS Financial Corp.	5,594		439,968
			19,937,403
TOTAL FINANCIALS			265,087,751
HEALTH CARE - 13.9%
Biotechnology - 5.1%
ACADIA Pharmaceuticals, Inc. (a)(d)	49,906		1,382,396
Acceleron Pharma, Inc. (a)	10,284		380,302
Achillion Pharmaceuticals, Inc. (a)(d)	61,106		717,996
Acorda Therapeutics, Inc. (a)	26,378		918,482
Actinium Pharmaceuticals, Inc. (a)(d)	13,447		95,070
Adamas Pharmaceuticals, Inc.	1,740		26,500
Aegerion Pharmaceuticals, Inc. (a)(d)	18,566		374,848
Agenus, Inc. (a)	37,061		110,442
Agios Pharmaceuticals, Inc. (a)	8,572		720,305
Akebia Therapeutics, Inc. (a)	4,665		60,458
Alder Biopharmaceuticals, Inc.	4,764		85,323
AMAG Pharmaceuticals, Inc. (a)(d)	13,729		453,194
Anacor Pharmaceuticals, Inc. (a)(d)	20,965		616,581
Applied Genetic Technologies Corp.	3,683		74,028
Ardelyx, Inc.	3,185		69,847
Arena Pharmaceuticals, Inc. (a)(d)	141,796		618,231
ARIAD Pharmaceuticals, Inc. (a)(d)	105,278		627,457
Array BioPharma, Inc. (a)(d)	79,284		284,630
Arrowhead Research Corp. (a)(d)	31,982		208,523
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Auspex Pharmaceuticals, Inc.	6,358		$ 172,302
Avalanche Biotechnologies, Inc. (a)	4,309		154,607
BioCryst Pharmaceuticals, Inc. (a)(d)	44,332		519,571
Biospecifics Technologies Corp. (a)	2,165		86,860
BioTime, Inc. (a)	30,989		105,053
Bluebird Bio, Inc. (a)	13,771		578,244
Cara Therapeutics, Inc. (d)	3,209		28,913
Celldex Therapeutics, Inc. (a)(d)	56,429		945,186
Cellular Dynamics International, Inc. (a)(d)	5,786		44,957
Cepheid, Inc. (a)(d)	44,200		2,343,042
ChemoCentryx, Inc. (a)(d)	16,289		91,544
Chimerix, Inc. (a)(d)	17,010		527,990
Clovis Oncology, Inc. (a)(d)	15,731		938,511
CTI BioPharma Corp. (a)(d)	84,494		206,165
Cytokinetics, Inc. (a)	20,684		75,910
Cytori Therapeutics, Inc. (a)(d)	40,192		20,860
CytRx Corp. (a)(d)	33,215		94,995
Dendreon Corp. (a)(d)	100,201		98,147
Dicerna Pharmaceuticals, Inc.	2,118		19,846
Durata Therapeutics, Inc. (a)	9,884		237,513
Dyax Corp. (a)	85,852		1,061,989
Dynavax Technologies Corp. (a)(d)	165,751		271,832
Eleven Biotherapeutics, Inc. (d)	2,729		28,818
Emergent BioSolutions, Inc. (a)(d)	19,168		433,580
Enanta Pharmaceuticals, Inc. (a)(d)	6,410		275,630
Epizyme, Inc. (a)(d)	8,015		212,638
Esperion Therapeutics, Inc. (a)	4,071		119,077
Exact Sciences Corp. (a)(d)	52,648		1,267,237
Exelixis, Inc. (a)(d)	123,312		209,630
Five Prime Therapeutics, Inc. (a)	12,669		165,204
Flexion Therapeutics, Inc.	2,713		53,148
Foundation Medicine, Inc. (a)(d)	8,722		225,725
Galectin Therapeutics, Inc. (a)(d)	10,728		58,146
Galena Biopharma, Inc. (a)(d)	73,839		151,370
Genocea Biosciences, Inc. (d)	2,327		20,431
Genomic Health, Inc. (a)(d)	10,472		380,552
Geron Corp. (a)(d)	98,100		218,763
Halozyme Therapeutics, Inc. (a)(d)	67,123		645,723
Heron Therapeutics, Inc. (a)	13,895		122,554
Hyperion Therapeutics, Inc. (a)(d)	8,530		207,279
Idera Pharmaceuticals, Inc. (a)(d)	35,854		91,428
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Immune Design Corp. (a)	3,862		$ 119,683
ImmunoGen, Inc. (a)(d)	55,097		510,198
Immunomedics, Inc. (a)(d)	52,044		205,574
Infinity Pharmaceuticals, Inc. (a)	30,310		412,822
Inovio Pharmaceuticals, Inc. (a)(d)	38,063		432,396
Insmed, Inc. (a)	31,495		446,914
Insys Therapeutics, Inc. (a)(d)	6,207		252,470
Intrexon Corp. (a)(d)	22,566		503,673
Ironwood Pharmaceuticals, Inc. Class A (a)(d)	75,618		1,060,164
Isis Pharmaceuticals, Inc. (a)(d)	74,596		3,435,892
Karyopharm Therapeutics, Inc. (d)	8,460		347,537
Keryx Biopharmaceuticals, Inc. (a)(d)	57,717		972,531
Kindred Biosciences, Inc. (d)	6,249		57,303
Kite Pharma, Inc. (d)	5,413		200,227
KYTHERA Biopharmaceuticals, Inc. (a)(d)	10,860		382,815
Lexicon Pharmaceuticals, Inc. (a)(d)	143,979		208,770
Ligand Pharmaceuticals, Inc. Class B (a)(d)	13,335		737,025
Loxo Oncology, Inc.	2,368		25,551
Macrogenics, Inc.	12,492		265,955
MannKind Corp. (a)(d)	143,760		863,998
Merrimack Pharmaceuticals, Inc. (a)(d)	62,126		569,695
MiMedx Group, Inc. (a)(d)	59,625		606,983
Mirati Therapeutics, Inc. (a)	4,272		71,641
Momenta Pharmaceuticals, Inc. (a)	29,841		325,565
NanoViricides, Inc. (a)(d)	23,872		90,952
Navidea Biopharmaceuticals, Inc. (a)(d)	105,156		141,961
Neuralstem, Inc. (a)(d)	43,239		118,907
Neurocrine Biosciences, Inc. (a)	48,541		898,979
NewLink Genetics Corp. (a)(d)	12,651		413,055
Northwest Biotherapeutics, Inc. (a)(d)	25,474		133,993
Novavax, Inc. (a)(d)	150,765		844,284
NPS Pharmaceuticals, Inc. (a)	67,549		1,850,843
Ohr Pharmaceutical, Inc. (a)(d)	12,525		90,806
OncoMed Pharmaceuticals, Inc. (a)(d)	7,923		164,561
Oncothyreon, Inc. (a)	51,192		92,146
Ophthotech Corp. (a)	8,648		360,795
Opko Health, Inc. (a)(d)	124,772		1,041,846
Orexigen Therapeutics, Inc. (a)(d)	79,850		324,191
Organovo Holdings, Inc. (a)(d)	38,848		254,066
Osiris Therapeutics, Inc. (a)(d)	12,856		175,227
Otonomy, Inc.	4,530		119,366
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
OvaScience, Inc. (a)(d)	9,673		$ 188,914
PDL BioPharma, Inc. (d)	101,531		866,059
Peregrine Pharmaceuticals, Inc. (a)(d)	119,732		191,571
Portola Pharmaceuticals, Inc. (a)(d)	27,400		780,900
Progenics Pharmaceuticals, Inc. (a)(d)	43,533		210,264
Prothena Corp. PLC (a)	17,648		387,021
PTC Therapeutics, Inc. (a)(d)	15,639		639,166
Puma Biotechnology, Inc. (a)	14,730		3,691,292
Radius Health, Inc. (a)	5,079		93,504
Raptor Pharmaceutical Corp. (a)(d)	40,862		392,684
Receptos, Inc. (a)	11,700		1,212,705
Regado Biosciences, Inc. (a)(d)	9,200		9,384
Regulus Therapeutics, Inc. (a)(d)	8,996		179,560
Repligen Corp. (a)(d)	20,615		519,910
Retrophin, Inc. (a)(d)	13,742		133,023
Rigel Pharmaceuticals, Inc. (a)	52,125		103,208
Sage Therapeutics, Inc. (a)	3,630		142,006
Sangamo Biosciences, Inc. (a)(d)	42,477		515,671
Sarepta Therapeutics, Inc. (a)(d)	25,305		409,182
Spectrum Pharmaceuticals, Inc. (a)(d)	41,225		312,486
Stemline Therapeutics, Inc. (a)(d)	6,877		105,837
Sunesis Pharmaceuticals, Inc. (a)(d)	30,947		52,610
Synageva BioPharma Corp. (a)(d)	13,511		1,023,323
Synergy Pharmaceuticals, Inc. (a)(d)	63,537		217,932
Synta Pharmaceuticals Corp. (a)(d)	40,869		120,972
T2 Biosystems, Inc.	3,811		61,548
TESARO, Inc. (a)(d)	12,029		334,647
TG Therapeutics, Inc. (a)(d)	14,630		160,784
Threshold Pharmaceuticals, Inc. (a)(d)	31,107		91,144
Ultragenyx Pharma, Inc. (d)	4,333		203,694
Vanda Pharmaceuticals, Inc. (a)(d)	21,196		254,564
Verastem, Inc. (a)(d)	12,470		118,340
Versartis, Inc. (a)(d)	4,127		82,169
Vital Therapies, Inc.	3,811		65,778
Xencor, Inc.	8,725		94,143
XOMA Corp. (a)(d)	52,449		225,006
Zafgen, Inc.	4,380		93,294
ZIOPHARM Oncology, Inc. (a)(d)	55,573		184,502
			55,935,740
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - 3.3%
Abaxis, Inc.	14,151		$ 745,192
Abiomed, Inc. (a)(d)	25,321		830,276
Accuray, Inc. (a)(d)	48,257		305,467
Analogic Corp.	7,969		581,259
Angiodynamics, Inc. (a)(d)	15,499		263,483
Anika Therapeutics, Inc. (a)(d)	9,412		377,798
Antares Pharma, Inc. (a)(d)	76,462		158,276
Atricure, Inc. (a)	17,126		298,677
Atrion Corp.	973		321,100
Cantel Medical Corp.	21,964		931,274
Cardiovascular Systems, Inc. (a)	17,474		541,694
Cerus Corp. (a)(d)	45,690		190,070
CONMED Corp.	17,157		720,422
Cryolife, Inc.	18,455		189,348
Cyberonics, Inc. (a)(d)	16,944		889,560
Cynosure, Inc. Class A (a)	13,981		353,579
Derma Sciences, Inc. (a)	13,484		122,704
DexCom, Inc. (a)	47,685		2,143,441
Endologix, Inc. (a)(d)	40,336		459,830
Exactech, Inc. (a)	6,708		142,880
Genmark Diagnostics, Inc. (a)(d)	26,131		297,893
Globus Medical, Inc. (a)	41,451		918,969
Greatbatch, Inc. (a)	15,649		785,423
Haemonetics Corp. (a)	33,268		1,254,869
HeartWare International, Inc. (a)(d)	10,732		827,652
ICU Medical, Inc. (a)	8,451		599,176
Inogen, Inc.	3,045		71,892
Insulet Corp. (a)(d)	35,360		1,526,491
Integra LifeSciences Holdings Corp. (a)	15,725		803,705
Invacare Corp.	20,195		317,263
K2M Group Holdings, Inc.	5,255		84,606
Ldr Holding Corp. (d)	10,625		365,925
Masimo Corp. (a)	30,522		770,375
Meridian Bioscience, Inc. (d)	26,665		494,369
Merit Medical Systems, Inc. (a)	26,870		407,081
Natus Medical, Inc. (a)	20,200		686,800
Neogen Corp. (a)(d)	23,142		1,015,934
NuVasive, Inc. (a)	29,421		1,203,319
NxStage Medical, Inc. (a)	39,791		603,232
Ocular Therapeutix, Inc.	3,683		56,239
OraSure Technologies, Inc. (a)	34,883		312,203
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Orthofix International NV (a)	11,470		$ 336,645
Oxford Immunotec Global PLC (a)	7,743		119,552
PhotoMedex, Inc. (a)(d)	7,749		29,756
Quidel Corp. (a)(d)	17,840		509,332
Rockwell Medical Technologies, Inc. (a)(d)	25,494		222,308
Roka Bioscience, Inc. (a)(d)	3,328		32,947
RTI Biologics, Inc. (a)	35,733		181,881
Staar Surgical Co. (a)(d)	23,969		229,383
Steris Corp. (d)	37,157		2,296,303
SurModics, Inc. (a)	9,135		197,773
Symmetry Medical, Inc. (a)	23,155		229,235
Tandem Diabetes Care, Inc. (d)	4,991		80,155
The Spectranetics Corp. (a)(d)	26,222		833,073
Thoratec Corp. (a)	35,738		971,359
Tornier NV (a)	22,663		633,431
TransEnterix, Inc. (a)	17,071		69,991
TriVascular Technologies, Inc.	4,424		58,618
Unilife Corp. (a)(d)	68,765		252,368
Utah Medical Products, Inc.	2,238		127,118
Vascular Solutions, Inc. (a)	10,694		314,511
Veracyte, Inc.	3,870		31,231
Volcano Corp. (a)	33,906		343,129
West Pharmaceutical Services, Inc.	44,854		2,298,768
Wright Medical Group, Inc. (a)	31,477		995,303
Zeltiq Aesthetics, Inc. (a)	18,646		478,083
			35,841,999
Health Care Providers & Services - 2.6%
Acadia Healthcare Co., Inc. (a)	27,120		1,682,796
Addus HomeCare Corp. (a)	3,762		74,751
Adeptus Health, Inc. Class A	3,556		117,988
Air Methods Corp. (a)(d)	24,849		1,173,618
Alliance Healthcare Services, Inc. (a)	2,972		71,714
Almost Family, Inc. (a)	5,570		163,981
Amedisys, Inc. (a)	17,515		457,142
AMN Healthcare Services, Inc. (a)	28,926		496,081
AmSurg Corp. (a)	26,884		1,452,005
Bio-Reference Laboratories, Inc. (a)	15,514		466,041
BioScrip, Inc. (a)(d)	42,570		275,002
BioTelemetry, Inc. (a)	15,717		131,866
Capital Senior Living Corp. (a)	18,215		409,838
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
Chemed Corp. (d)	10,897		$ 1,126,314
Corvel Corp. (a)	7,047		242,558
Cross Country Healthcare, Inc. (a)	19,334		186,960
ExamWorks Group, Inc. (a)(d)	21,842		847,033
Five Star Quality Care, Inc. (a)	25,622		105,819
Gentiva Health Services, Inc. (a)	20,148		396,916
Hanger, Inc. (a)(d)	22,749		544,384
HealthEquity, Inc. (a)	6,536		133,334
HealthSouth Corp.	55,838		2,251,947
Healthways, Inc. (a)(d)	19,550		303,025
IPC The Hospitalist Co., Inc. (a)	10,682		445,012
Kindred Healthcare, Inc.	40,605		883,159
Landauer, Inc.	6,338		226,837
LHC Group, Inc. (a)	8,259		201,107
Magellan Health Services, Inc. (a)	17,440		1,055,469
Molina Healthcare, Inc. (a)(d)	19,078		927,954
MWI Veterinary Supply, Inc. (a)	8,160		1,384,385
National Healthcare Corp.	6,586		397,202
National Research Corp. Class A (a)	5,912		93,942
NeoStem, Inc. (a)(d)	14,093		72,297
Owens & Minor, Inc. (d)	39,968		1,331,734
PharMerica Corp. (a)	18,871		541,409
Providence Service Corp. (a)	7,133		315,136
RadNet, Inc. (a)	20,825		193,673
Select Medical Holdings Corp.	49,721		716,977
Skilled Healthcare Group, Inc. (a)	13,946		96,646
Surgical Care Affiliates, Inc.	8,317		255,166
Team Health Holdings, Inc. (a)(d)	44,237		2,766,582
The Ensign Group, Inc.	12,474		482,993
Triple-S Management Corp. (a)	15,491		342,971
Trupanion, Inc. (d)	5,358		35,684
U.S. Physical Therapy, Inc.	7,881		340,065
Universal American Spin Corp. (a)(d)	28,193		262,759
Wellcare Health Plans, Inc. (a)	27,792		1,886,243
			28,366,515
Health Care Technology - 0.6%
Castlight Health, Inc. Class B (a)	7,710		96,452
Computer Programs & Systems, Inc.	7,201		453,519
HealthStream, Inc. (a)(d)	13,193		408,455
HMS Holdings Corp. (a)(d)	55,272		1,283,969
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Technology - continued
Imprivata, Inc.	3,768		$ 58,743
MedAssets, Inc. (a)	38,459		833,022
Medidata Solutions, Inc. (a)(d)	34,457		1,554,355
Merge Healthcare, Inc. (a)	42,085		115,734
Omnicell, Inc. (a)	23,074		745,521
Quality Systems, Inc.	32,171		486,104
Vocera Communications, Inc. (a)	15,597		161,429
			6,197,303
Life Sciences Tools & Services - 0.4%
Accelerate Diagnostics, Inc. (a)(d)	14,066		305,514
Affymetrix, Inc. (a)(d)	45,502		409,973
Albany Molecular Research, Inc. (a)(d)	14,601		339,619
Cambrex Corp. (a)	19,732		415,951
Enzo Biochem, Inc. (a)	20,348		106,217
Fluidigm Corp. (a)(d)	17,617		510,893
Furiex Pharmaceuticals, Inc. rights 12/31/99 (a)	4,241		41,435
Luminex Corp. (a)	24,230		460,370
Nanostring Technologies, Inc. (a)(d)	5,982		63,708
Pacific Biosciences of California, Inc. (a)	35,981		236,035
PAREXEL International Corp. (a)	35,931		1,951,413
Sequenom, Inc. (a)(d)	72,529		237,170
			5,078,298
Pharmaceuticals - 1.9%
AcelRx Pharmaceuticals, Inc. (a)(d)	14,761		97,865
Achaogen, Inc. (a)	4,109		43,638
Aerie Pharmaceuticals, Inc. (d)	6,568		165,645
Akorn, Inc. (a)(d)	39,519		1,760,571
Alimera Sciences, Inc. (a)	15,616		89,011
Amphastar Pharmaceuticals, Inc. (a)	5,887		59,694
Ampio Pharmaceuticals, Inc. (a)(d)	24,358		94,509
ANI Pharmaceuticals, Inc. (a)	4,676		158,797
Aratana Therapeutics, Inc. (a)	17,974		201,309
AstraZeneca PLC rights (a)	1,000		0
Auxilium Pharmaceuticals, Inc. (a)(d)	31,651		1,018,213
Avanir Pharmaceuticals, Inc. Class A (a)	122,523		1,585,448
Bio Path Holdings, Inc. (a)(d)	51,864		151,443
Biodelivery Sciences International, Inc. (a)(d)	26,969		469,261
Catalent, Inc. (a)	30,926		805,004
Cempra, Inc. (a)(d)	14,834		201,742
Corcept Therapeutics, Inc. (a)	31,772		103,259
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
DepoMed, Inc. (a)(d)	36,306		$ 559,112
Egalet Corp. (d)	2,361		17,731
Endocyte, Inc. (a)(d)	23,209		138,906
Horizon Pharma PLC (a)(d)	41,241		533,659
Impax Laboratories, Inc. (a)	44,476		1,288,470
Intersect ENT, Inc.	3,777		71,725
Intra-Cellular Therapies, Inc. (a)	10,769		166,920
Lannett Co., Inc. (a)(d)	16,231		920,622
Nektar Therapeutics (a)(d)	80,014		1,103,393
Omeros Corp. (a)(d)	21,139		350,273
Pacira Pharmaceuticals, Inc. (a)(d)	22,637		2,101,166
Pain Therapeutics, Inc. (a)	22,654		39,418
Pernix Therapeutics Holdings, Inc. (a)(d)	20,772		202,527
Phibro Animal Health Corp. Class A	9,174		237,790
Pozen, Inc.	17,909		162,435
Prestige Brands Holdings, Inc. (a)	32,697		1,158,128
Relypsa, Inc. (d)	10,540		216,808
Repros Therapeutics, Inc. (a)(d)	14,363		91,061
Revance Therapeutics, Inc. (d)	5,109		102,997
Sagent Pharmaceuticals, Inc. (a)(d)	13,844		438,024
SciClone Pharmaceuticals, Inc. (a)(d)	32,294		246,726
Sucampo Pharmaceuticals, Inc. Class A (a)(d)	10,561		91,036
Supernus Pharmaceuticals, Inc. (a)(d)	18,413		147,856
Tetraphase Pharmaceuticals, Inc. (a)	16,763		400,636
The Medicines Company (a)(d)	41,245		1,044,323
TherapeuticsMD, Inc. (a)	66,811		296,641
Theravance Biopharma, Inc. (a)	14,617		267,491
Theravance, Inc. (d)	52,055		833,921
VIVUS, Inc. (a)(d)	56,155		190,365
XenoPort, Inc. (a)	36,272		245,924
Zogenix, Inc. (a)(d)	73,155		92,907
ZS Pharma, Inc.	4,276		160,863
			20,925,263
TOTAL HEALTH CARE			152,345,118
INDUSTRIALS - 13.9%
Aerospace & Defense - 1.7%
AAR Corp.	24,967		661,626
AeroVironment, Inc. (a)(d)	11,886		364,306
American Science & Engineering, Inc.	5,026		277,938
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
Astronics Corp. (a)(d)	12,087		$ 626,227
Cubic Corp.	12,998		627,024
Curtiss-Wright Corp.	30,662		2,122,117
DigitalGlobe, Inc. (a)	47,992		1,372,091
Ducommun, Inc. (a)	6,827		180,301
Engility Holdings, Inc. (a)	11,255		486,216
Erickson Air-Crane, Inc. (a)(d)	3,605		50,614
Esterline Technologies Corp. (a)	20,042		2,347,119
GenCorp, Inc. (non-vtg.) (a)(d)	37,326		633,049
HEICO Corp. (d)	42,538		2,307,261
KEYW Holding Corp. (a)(d)	20,459		207,659
Kratos Defense & Security Solutions, Inc. (a)	30,333		211,421
LMI Aerospace, Inc. (a)(d)	6,405		84,418
Moog, Inc. Class A (a)	28,192		2,157,816
National Presto Industries, Inc. (d)	3,244		204,567
Orbital Sciences Corp. (a)(d)	38,111		1,002,319
SIFCO Industries, Inc.	1,510		51,370
Sparton Corp. (a)	6,444		174,632
Taser International, Inc. (a)(d)	34,036		641,238
Teledyne Technologies, Inc. (a)	23,607		2,446,393
			19,237,722
Air Freight & Logistics - 0.5%
Air Transport Services Group, Inc. (a)	32,737		267,789
Atlas Air Worldwide Holdings, Inc. (a)(d)	15,860		585,551
Echo Global Logistics, Inc. (a)(d)	14,714		384,477
Forward Air Corp.	19,785		947,108
Hub Group, Inc. Class A (a)	23,231		843,053
Park-Ohio Holdings Corp.	5,501		292,158
UTi Worldwide, Inc. (a)(d)	59,577		651,177
XPO Logistics, Inc. (a)(d)	33,419		1,334,086
			5,305,399
Airlines - 0.4%
Allegiant Travel Co.	8,731		1,165,327
CHC Group Ltd. (a)	22,869		153,680
CHC Group Ltd. rights 11/14/14 (a)	19,977		0
Hawaiian Holdings, Inc. (a)(d)	28,665		497,051
JetBlue Airways Corp. (a)(d)	157,754		1,820,481
Republic Airways Holdings, Inc. (a)	31,093		389,284
SkyWest, Inc.	32,251		371,532
			4,397,355
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Building Products - 0.8%
AAON, Inc.	26,823		$ 527,072
Advanced Drain Systems, Inc. Del (a)	9,502		207,524
American Woodmark Corp. (a)	7,664		313,534
Apogee Enterprises, Inc.	18,359		805,960
Builders FirstSource, Inc. (a)(d)	31,554		187,115
Continental Building Products, Inc. (a)(d)	6,977		102,841
Gibraltar Industries, Inc. (a)	19,345		295,011
Griffon Corp.	25,077		308,196
Insteel Industries, Inc.	11,446		272,873
Masonite International Corp. (a)	18,563		1,003,516
NCI Building Systems, Inc. (a)(d)	17,400		345,738
Norcraft Companies, Inc.	4,429		75,293
Nortek, Inc. (a)	5,675		472,614
Patrick Industries, Inc. (a)	5,080		217,018
PGT, Inc. (a)	29,432		276,808
Ply Gem Holdings, Inc. (a)(d)	13,373		151,784
Quanex Building Products Corp.	23,738		475,235
Simpson Manufacturing Co. Ltd.	26,213		867,126
Trex Co., Inc. (a)(d)	21,169		910,267
Universal Forest Products, Inc.	12,559		627,573
			8,443,098
Commercial Services & Supplies - 2.3%
ABM Industries, Inc.	36,701		1,014,416
ACCO Brands Corp. (a)	73,471		604,666
ARC Document Solutions, Inc. (a)	25,666		260,510
Brady Corp. Class A	30,420		725,213
Casella Waste Systems, Inc. Class A (a)	23,252		104,634
CECO Environmental Corp. (d)	14,510		207,783
Cenveo, Inc. (a)(d)	33,001		75,242
Civeo Corp.	59,093		720,344
Deluxe Corp.	31,677		1,925,962
Ennis, Inc.	17,569		260,548
G&K Services, Inc. Class A	12,866		811,459
Healthcare Services Group, Inc. (d)	44,901		1,337,152
Heritage-Crystal Clean, Inc. (a)(d)	5,455		98,954
Herman Miller, Inc.	37,321		1,194,272
HNI Corp. (d)	28,480		1,328,592
InnerWorkings, Inc. (a)(d)	22,137		201,004
Interface, Inc.	42,587		682,670
Kimball International, Inc. Class B	21,555		387,559
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Knoll, Inc.	30,570		$ 608,037
Matthews International Corp. Class A	18,663		859,991
McGrath RentCorp.	16,361		597,667
Mobile Mini, Inc.	29,420		1,289,479
Msa Safety, Inc.	18,768		1,078,597
Multi-Color Corp.	7,805		384,787
NL Industries, Inc.	4,051		29,532
Performant Financial Corp. (a)	19,717		170,158
Quad/Graphics, Inc.	17,404		383,758
Quest Resource Holding Corp. (a)	7,584		11,831
SP Plus Corp. (a)(d)	9,849		214,905
Steelcase, Inc. Class A	52,156		924,204
Team, Inc. (a)	13,125		553,088
Tetra Tech, Inc.	41,247		1,105,832
The Brink's Co.	31,702		665,742
U.S. Ecology, Inc.	13,624		685,015
UniFirst Corp.	9,378		1,046,210
United Stationers, Inc.	25,597		1,069,187
Viad Corp.	12,820		327,038
West Corp.	24,289		777,248
			24,723,286
Construction & Engineering - 0.8%
Aegion Corp. (a)	23,819		436,364
Ameresco, Inc. Class A (a)	11,827		97,454
Argan, Inc.	7,813		271,971
Comfort Systems U.S.A., Inc.	23,816		365,814
Dycom Industries, Inc. (a)	22,122		694,410
EMCOR Group, Inc.	42,427		1,872,304
Furmanite Corp. (a)	24,871		186,035
Granite Construction, Inc.	25,265		932,531
Great Lakes Dredge & Dock Corp. (a)	37,930		265,131
Layne Christensen Co. (a)(d)	11,810		85,032
MasTec, Inc. (a)(d)	41,167		1,179,023
MYR Group, Inc. (a)	13,293		344,820
Northwest Pipe Co. (a)	6,673		238,760
Orion Marine Group, Inc. (a)	18,658		204,492
Pike Corp. (a)	16,887		201,631
Primoris Services Corp.	24,039		690,400
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - continued
Sterling Construction Co., Inc. (a)	11,179		$ 98,599
Tutor Perini Corp. (a)	24,175		677,142
			8,841,913
Electrical Equipment - 1.0%
AZZ, Inc.	16,180		756,577
Capstone Turbine Corp. (a)(d)	205,380		205,380
Encore Wire Corp.	12,921		490,223
EnerSys	29,899		1,877,657
Enphase Energy, Inc. (a)	11,388		171,048
Franklin Electric Co., Inc.	30,237		1,129,050
FuelCell Energy, Inc. (a)(d)	145,878		294,674
Generac Holdings, Inc. (a)(d)	43,693		1,981,041
General Cable Corp.	30,342		429,946
Global Power Equipment Group, Inc.	11,362		154,864
GrafTech International Ltd. (a)(d)	76,511		328,232
LSI Industries, Inc.	12,827		91,841
Plug Power, Inc. (a)(d)	107,608		506,834
Polypore International, Inc. (a)(d)	28,397		1,247,196
Powell Industries, Inc.	5,815		264,757
Power Solutions International, Inc. (a)(d)	2,799		183,335
PowerSecure International, Inc. (a)(d)	13,984		156,201
Preformed Line Products Co.	1,574		89,702
Revolution Lighting Technologies, Inc. (a)(d)	19,498		33,732
TCP International Holdings Ltd.	4,698		32,604
Thermon Group Holdings, Inc. (a)	21,667		528,025
Vicor Corp. (a)	10,967		149,261
			11,102,180
Industrial Conglomerates - 0.0%
Raven Industries, Inc.	22,707		575,622
Machinery - 3.2%
Accuride Corp. (a)	22,917		110,460
Actuant Corp. Class A	44,292		1,403,613
Alamo Group, Inc.	4,570		195,779
Albany International Corp. Class A	17,566		663,643
Altra Industrial Motion Corp.	17,203		542,239
American Railcar Industries, Inc. (d)	5,987		394,004
ARC Group Worldwide, Inc. (a)(d)	1,827		24,920
Astec Industries, Inc.	11,881		450,409
Barnes Group, Inc.	34,188		1,249,913
Blount International, Inc. (a)	30,780		471,242
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Briggs & Stratton Corp.	29,069		$ 587,484
Chart Industries, Inc. (a)(d)	19,190		893,295
CIRCOR International, Inc.	11,168		839,275
CLARCOR, Inc. (d)	31,896		2,135,756
Columbus McKinnon Corp. (NY Shares)	12,412		353,121
Commercial Vehicle Group, Inc. (a)	15,755		103,195
Douglas Dynamics, Inc.	13,946		289,101
Dynamic Materials Corp.	9,430		171,720
Energy Recovery, Inc. (a)(d)	22,919		104,969
EnPro Industries, Inc. (a)	14,312		923,553
ESCO Technologies, Inc.	16,514		627,862
ExOne Co. (a)(d)	6,208		152,531
Federal Signal Corp.	40,065		568,923
FreightCar America, Inc. (d)	7,499		247,242
Global Brass & Copper Holdings, Inc.	14,721		206,094
Gorman-Rupp Co.	12,002		380,943
Graham Corp.	6,434		215,539
Greenbrier Companies, Inc. (d)	17,364		1,085,945
Harsco Corp.	51,339		1,113,030
Hillenbrand, Inc.	39,684		1,321,080
Hurco Companies, Inc.	4,060		156,432
Hyster-Yale Materials Handling Class A	6,475		508,223
John Bean Technologies Corp.	18,552		556,003
Kadant, Inc.	6,961		287,768
L.B. Foster Co. Class A	6,650		359,699
Lindsay Corp. (d)	8,084		708,967
Lydall, Inc. (a)	10,589		327,518
Manitex International, Inc. (a)(d)	8,231		94,080
Meritor, Inc. (a)	61,819		710,300
Miller Industries, Inc.	6,730		133,052
Mueller Industries, Inc.	35,974		1,167,716
Mueller Water Products, Inc. Class A	100,357		990,524
NN, Inc.	11,024		275,600
Omega Flex, Inc.	1,714		45,627
Proto Labs, Inc. (a)(d)	14,269		932,765
RBC Bearings, Inc.	14,737		895,273
Rexnord Corp. (a)(d)	47,717		1,410,037
Standex International Corp.	8,068		695,865
Sun Hydraulics Corp.	14,270		568,089
Tennant Co.	11,639		858,143
Titan International, Inc. (d)	27,611		291,572
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
TriMas Corp. (a)	28,531		$ 903,291
Twin Disc, Inc.	4,920		128,018
Wabash National Corp. (a)	43,125		444,188
Watts Water Technologies, Inc. Class A	17,921		1,086,550
Woodward, Inc.	41,940		2,147,747
Xerium Technologies, Inc. (a)	6,493		96,876
			34,606,803
Marine - 0.2%
Baltic Trading Ltd.	29,297		109,864
International Shipholding Corp.	3,385		67,835
Knightsbridge Shipping Ltd. (d)	21,042		184,749
Matson, Inc.	27,083		771,595
Navios Maritime Holdings, Inc.	52,394		308,601
Safe Bulkers, Inc.	24,617		131,455
Scorpio Bulkers, Inc. (a)	84,211		411,792
Ultrapetrol (Bahamas) Ltd. (a)	12,724		38,299
			2,024,190
Professional Services - 1.4%
Acacia Research Corp.	32,187		579,366
Advisory Board Co. (a)(d)	23,062		1,237,738
Barrett Business Services, Inc. (d)	4,470		105,090
CBIZ, Inc. (a)(d)	27,427		253,151
CDI Corp.	8,395		144,310
Corp. Resources Services, Inc. (a)(d)	10,455		12,755
Corporate Executive Board Co.	21,336		1,572,463
CRA International, Inc. (a)	6,538		196,140
Exponent, Inc.	8,211		655,402
Franklin Covey Co. (a)	6,522		127,896
FTI Consulting, Inc. (a)(d)	25,718		1,038,493
GP Strategies Corp. (a)	9,223		305,835
Heidrick & Struggles International, Inc.	11,441		238,202
Hill International, Inc. (a)	19,449		75,462
Huron Consulting Group, Inc. (a)	14,778		1,028,697
ICF International, Inc. (a)	12,445		452,251
Insperity, Inc.	14,016		442,345
Kelly Services, Inc. Class A (non-vtg.)	17,228		303,730
Kforce, Inc.	17,382		402,393
Korn/Ferry International (a)	31,497		879,711
MISTRAS Group, Inc. (a)	10,640		175,454
Navigant Consulting, Inc. (a)	30,673		472,057
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Professional Services - continued
On Assignment, Inc. (a)	34,151		$ 993,794
Paylocity Holding Corp. (a)(d)	5,698		139,601
Pendrell Corp. (a)	108,451		181,113
Resources Connection, Inc.	24,572		380,129
RPX Corp. (a)	34,266		481,437
TriNet Group, Inc.	9,791		292,947
TrueBlue, Inc. (a)	26,177		647,095
VSE Corp.	2,955		178,127
WageWorks, Inc. (a)(d)	22,121		1,261,118
			15,254,302
Road & Rail - 0.7%
ArcBest Corp.	16,489		638,124
Celadon Group, Inc.	13,187		256,619
Heartland Express, Inc. (d)	34,175		859,160
Knight Transportation, Inc. (d)	37,751		1,104,594
Marten Transport Ltd.	14,815		290,670
P.A.M. Transportation Services, Inc. (a)	1,918		82,436
Patriot Transportation Holding, Inc. (a)	4,564		193,331
Quality Distribution, Inc. (a)	17,299		224,195
Roadrunner Transportation Systems, Inc. (a)	17,703		364,859
Saia, Inc. (a)	15,580		763,732
Swift Transporation Co. (a)	53,803		1,328,934
U.S.A. Truck, Inc. (a)(d)	3,730		63,037
Universal Truckload Services, Inc.	3,914		103,016
Werner Enterprises, Inc. (d)	28,245		777,867
YRC Worldwide, Inc. (a)(d)	20,462		438,705
			7,489,279
Trading Companies & Distributors - 0.9%
Aceto Corp.	18,417		418,803
Aircastle Ltd.	41,785		797,258
Applied Industrial Technologies, Inc.	26,986		1,317,187
Beacon Roofing Supply, Inc. (a)(d)	30,945		856,248
CAI International, Inc. (a)(d)	10,274		216,268
DXP Enterprises, Inc. (a)	8,301		550,273
General Finance Corp. (a)(d)	6,592		56,823
H&E Equipment Services, Inc.	19,712		737,032
Houston Wire & Cable Co.	10,578		143,438
Kaman Corp.	17,081		735,508
Rush Enterprises, Inc. Class A (a)	21,694		826,541
Stock Building Supply Holdings, Inc. (a)	9,260		145,289
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - continued
TAL International Group, Inc. (d)	21,458		$ 925,484
Textainer Group Holdings Ltd.	13,495		464,768
Titan Machinery, Inc. (a)(d)	11,379		156,575
Watsco, Inc.	16,100		1,636,082
			9,983,577
Transportation Infrastructure - 0.0%
Wesco Aircraft Holdings, Inc. (a)	33,112		587,738
TOTAL INDUSTRIALS			152,572,464
INFORMATION TECHNOLOGY - 17.6%
Communications Equipment - 1.6%
ADTRAN, Inc.	35,862		760,633
Alliance Fiber Optic Products, Inc. (d)	7,495		96,760
Applied Optoelectronics, Inc. (a)(d)	9,285		149,860
Aruba Networks, Inc. (a)	68,127		1,470,181
Bel Fuse, Inc. Class B (non-vtg.)	6,606		186,884
Black Box Corp.	9,751		214,424
CalAmp Corp. (a)(d)	23,377		450,709
Calix Networks, Inc. (a)	26,074		281,860
Ciena Corp. (a)(d)	66,260		1,110,518
Clearfield, Inc. (a)(d)	6,790		99,677
Comtech Telecommunications Corp.	9,549		363,530
Digi International, Inc. (a)	15,110		125,111
Emulex Corp. (a)	47,302		267,729
Extreme Networks, Inc. (a)(d)	59,707		214,348
Finisar Corp. (a)(d)	60,980		1,019,586
Harmonic, Inc. (a)	59,456		396,572
Infinera Corp. (a)(d)	78,134		1,135,287
InterDigital, Inc. (d)	25,466		1,258,784
Ixia (a)	36,421		350,734
KVH Industries, Inc. (a)	9,444		122,016
NETGEAR, Inc. (a)(d)	23,277		792,349
NumereX Corp. Class A (a)(d)	8,706		113,526
Oclaro, Inc. (a)(d)	55,745		87,520
Oplink Communications, Inc.	11,019		229,746
Parkervision, Inc. (a)(d)	57,595		75,449
Plantronics, Inc.	27,302		1,416,155
Polycom, Inc. (a)	87,299		1,141,871
Procera Networks, Inc. (a)(d)	12,303		92,149
Ruckus Wireless, Inc. (a)(d)	40,912		531,038
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
ShoreTel, Inc. (a)	39,078		$ 316,141
Sonus Networks, Inc. (a)	154,493		536,091
Tessco Technologies, Inc.	3,396		107,823
Ubiquiti Networks, Inc. (d)	18,714		669,400
ViaSat, Inc. (a)(d)	26,437		1,656,014
			17,840,475
Electronic Equipment & Components - 2.6%
Agilysys, Inc. (a)	8,728		98,626
Anixter International, Inc.	17,379		1,480,169
Badger Meter, Inc.	9,171		522,013
Belden, Inc.	27,831		1,981,289
Benchmark Electronics, Inc. (a)	34,402		816,015
Checkpoint Systems, Inc. (a)	26,051		345,436
Cognex Corp. (a)	55,232		2,184,978
Coherent, Inc. (a)	15,837		1,031,781
Control4 Corp. (a)	6,806		105,561
CTS Corp.	21,270		391,368
CUI Global, Inc. (a)(d)	12,284		100,483
Daktronics, Inc.	23,630		314,515
DTS, Inc. (a)	10,558		314,417
Electro Rent Corp.	9,767		148,849
Electro Scientific Industries, Inc.	14,574		103,475
Fabrinet (a)	21,855		397,980
FARO Technologies, Inc. (a)	11,226		628,656
FEI Co.	26,871		2,264,688
GSI Group, Inc. (a)	19,377		248,994
II-VI, Inc. (a)	33,295		449,150
Insight Enterprises, Inc. (a)	26,373		599,986
InvenSense, Inc. (a)(d)	44,785		725,965
Itron, Inc. (a)	24,754		963,673
KEMET Corp. (a)	32,091		154,037
Littelfuse, Inc.	14,172		1,382,337
Maxwell Technologies, Inc. (a)(d)	18,764		218,788
Mercury Systems, Inc. (a)	20,862		291,651
Mesa Laboratories, Inc.	1,660		126,774
Methode Electronics, Inc. Class A	23,919		941,930
MTS Systems Corp.	9,508		627,623
Multi-Fineline Electronix, Inc. (a)	5,253		53,318
Newport Corp. (a)	25,069		448,484
OSI Systems, Inc. (a)	12,546		889,260
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Park Electrochemical Corp.	13,094		$ 337,825
PC Connection, Inc.	5,758		137,328
Plexus Corp. (a)	22,128		914,993
RealD, Inc. (a)	25,144		284,630
Rofin-Sinar Technologies, Inc. (a)	17,955		402,012
Rogers Corp. (a)	11,456		783,247
Sanmina Corp. (a)	52,251		1,309,933
ScanSource, Inc. (a)	18,350		700,603
Speed Commerce, Inc. (a)(d)	29,048		86,273
SYNNEX Corp.	17,968		1,243,026
TTM Technologies, Inc. (a)(d)	34,812		240,551
Universal Display Corp. (a)(d)	25,549		799,173
Viasystems Group, Inc. (a)	3,082		48,911
Vishay Precision Group, Inc. (a)	7,578		128,750
			28,769,524
Internet Software & Services - 2.5%
Aerohive Networks, Inc. (d)	5,673		28,365
Amber Road, Inc. (a)(d)	5,314		70,942
Angie's List, Inc. (a)(d)	27,321		190,427
Bankrate, Inc. (a)(d)	43,907		476,830
Bazaarvoice, Inc. (a)(d)	31,486		234,571
Benefitfocus, Inc. (a)(d)	2,911		80,664
Blucora, Inc. (a)(d)	26,765		453,667
Borderfree, Inc. (a)	3,558		38,996
Brightcove, Inc. (a)(d)	19,113		122,514
Carbonite, Inc. (a)	10,542		115,329
Care.com, Inc.	3,912		32,470
ChannelAdvisor Corp. (a)(d)	12,947		179,834
comScore, Inc. (a)	21,992		926,743
Constant Contact, Inc. (a)(d)	20,430		722,405
Conversant, Inc. (a)	42,436		1,495,869
Cornerstone OnDemand, Inc. (a)(d)	33,635		1,219,941
Cvent, Inc. (a)(d)	11,233		291,384
DealerTrack Holdings, Inc. (a)(d)	34,231		1,610,569
Demand Media, Inc. (a)	5,194		36,566
Demandware, Inc. (a)(d)	18,927		1,134,674
Dice Holdings, Inc. (a)	24,356		242,829
Digital River, Inc. (a)	20,794		531,703
E2open, Inc. (a)(d)	13,807		80,633
EarthLink Holdings Corp.	64,564		231,139
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Endurance International Group Holdings, Inc. (d)	18,810		$ 312,622
Envestnet, Inc. (a)	21,647		961,560
Everyday Health, Inc.	4,504		61,570
Five9, Inc. (d)	7,262		31,953
Global Eagle Entertainment, Inc. (a)(d)	23,826		291,392
Gogo, Inc. (a)(d)	35,093		582,895
GrubHub, Inc.	5,576		202,743
GTT Communications, Inc. (a)	8,389		108,889
Internap Network Services Corp. (a)	34,567		276,882
IntraLinks Holdings, Inc. (a)	24,716		213,546
j2 Global, Inc.	29,990		1,622,159
Limelight Networks, Inc. (a)	35,565		86,779
Liquidity Services, Inc. (a)	15,816		202,128
LivePerson, Inc. (a)	35,132		505,901
LogMeIn, Inc. (a)	15,248		732,666
Marchex, Inc. Class B	19,556		74,899
Marin Software, Inc. (a)(d)	17,293		154,772
Marketo, Inc. (a)(d)	16,129		520,483
Millennial Media, Inc. (a)(d)	44,886		92,016
Monster Worldwide, Inc. (a)	57,169		220,672
Move, Inc. (a)	24,815		519,874
NIC, Inc.	42,199		777,728
Opower, Inc. (d)	4,625		83,990
Perficient, Inc. (a)	21,953		363,981
Q2 Holdings, Inc. (a)	5,889		88,865
QuinStreet, Inc. (a)	20,658		83,665
RealNetworks, Inc. (a)	13,674		94,351
Reis, Inc.	4,919		115,105
Rightside Group Ltd. (a)(d)	5,194		49,187
Rocket Fuel, Inc. (a)(d)	11,452		178,880
SciQuest, Inc. (a)(d)	17,214		256,661
Shutterstock, Inc. (a)(d)	9,914		770,913
SPS Commerce, Inc. (a)(d)	10,403		606,495
Stamps.com, Inc. (a)	8,880		327,672
TechTarget, Inc. (a)	9,871		94,169
Textura Corp. (a)	11,587		308,678
Travelzoo, Inc. (a)	4,378		57,308
Tremor Video, Inc. (a)(d)	21,123		49,639
TrueCar, Inc. (d)	4,630		77,784
Trulia, Inc. (a)	23,259		1,085,032
Unwired Planet, Inc. (a)(d)	58,346		90,436
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
VistaPrint Ltd. (a)(d)	21,143		$ 1,413,621
Web.com Group, Inc. (a)(d)	32,745		672,255
WebMD Health Corp. (a)(d)	24,456		1,043,782
Wix.com Ltd. (a)	8,708		147,949
XO Group, Inc. (a)	17,312		220,382
Xoom Corp. (a)(d)	19,288		291,249
YuMe, Inc. (a)(d)	10,795		53,867
Zix Corp. (a)	39,832		131,446
			27,860,555
IT Services - 2.5%
Acxiom Corp. (a)	48,580		915,247
Blackhawk Network Holdings, Inc. (a)(d)	33,518		1,158,382
CACI International, Inc. Class A (a)	14,644		1,205,055
Cardtronics, Inc. (a)(d)	28,352		1,088,433
Cass Information Systems, Inc.	7,355		349,657
Ciber, Inc. (a)	51,158		167,287
Computer Task Group, Inc.	8,967		78,910
Convergys Corp.	63,949		1,289,851
CSG Systems International, Inc. (d)	21,512		570,283
Datalink Corp. (a)	12,828		162,274
EPAM Systems, Inc. (a)(d)	22,634		1,080,547
Euronet Worldwide, Inc. (a)	32,385		1,738,103
EVERTEC, Inc.	41,255		936,489
ExlService Holdings, Inc. (a)	20,676		578,721
Forrester Research, Inc.	7,134		287,358
Global Cash Access Holdings, Inc. (a)	40,896		298,132
Hackett Group, Inc.	14,936		104,701
Heartland Payment Systems, Inc. (d)	22,747		1,174,883
Higher One Holdings, Inc. (a)	20,233		51,999
iGATE Corp. (a)	23,201		859,597
Information Services Group, Inc. (a)	19,445		82,252
Lionbridge Technologies, Inc. (a)	40,342		194,852
Luxoft Holding, Inc. (a)	4,902		196,031
ManTech International Corp. Class A	15,041		423,555
Maximus, Inc.	42,844		2,076,220
ModusLink Global Solutions, Inc. (a)(d)	22,019		77,067
MoneyGram International, Inc. (a)	18,199		156,511
Neustar, Inc. Class A (a)(d)	35,321		932,828
PRG-Schultz International, Inc. (a)	17,907		94,728
Sapient Corp. (a)	72,202		1,250,539
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
Science Applications International Corp.	26,704		$ 1,306,093
ServiceSource International, Inc. (a)(d)	44,919		171,591
Sykes Enterprises, Inc. (a)	25,490		549,055
Syntel, Inc. (a)	9,743		843,841
Teletech Holdings, Inc. (a)	11,022		284,478
Unisys Corp. (a)(d)	32,225		826,249
Virtusa Corp. (a)	16,445		673,916
WEX, Inc. (a)	24,555		2,788,466
			27,024,181
Semiconductors & Semiconductor Equipment - 3.6%
Advanced Energy Industries, Inc. (a)(d)	26,008		514,438
Alpha & Omega Semiconductor Ltd. (a)	12,868		119,286
Ambarella, Inc. (a)(d)	18,393		814,626
Amkor Technology, Inc. (a)	53,614		363,503
Applied Micro Circuits Corp. (a)(d)	48,521		313,931
Audience, Inc. (a)(d)	8,339		31,104
Axcelis Technologies, Inc. (a)	78,623		171,398
Brooks Automation, Inc.	41,840		515,887
Cabot Microelectronics Corp. (a)	15,300		737,919
Cascade Microtech, Inc. (a)	7,609		81,721
Cavium, Inc. (a)(d)	33,636		1,725,863
Ceva, Inc. (a)	13,726		223,734
Cirrus Logic, Inc. (a)(d)	39,005		752,797
Cohu, Inc.	16,036		163,567
Cypress Semiconductor Corp. (d)	99,244		983,508
Diodes, Inc. (a)	23,216		599,669
DSP Group, Inc. (a)	13,188		127,792
Entegris, Inc. (a)	88,729		1,204,940
Entropic Communications, Inc. (a)	58,908		147,270
Exar Corp. (a)	24,946		238,234
Fairchild Semiconductor International, Inc. (a)	78,648		1,207,247
FormFactor, Inc. (a)	34,688		276,463
Inphi Corp. (a)	19,574		303,006
Integrated Device Technology, Inc. (a)	84,891		1,393,061
Integrated Silicon Solution, Inc.	18,941		257,219
International Rectifier Corp. (a)	44,781		1,780,940
Intersil Corp. Class A	81,293		1,080,384
IXYS Corp.	16,048		187,280
Kopin Corp. (a)	43,659		165,904
Lattice Semiconductor Corp. (a)	74,436		499,466
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
M/A-COM Technology Solutions, Inc. (a)	7,533		$ 165,651
MaxLinear, Inc. Class A (a)	16,588		117,609
Micrel, Inc.	27,687		336,120
Microsemi Corp. (a)	60,809		1,585,291
MKS Instruments, Inc.	34,090		1,240,876
Monolithic Power Systems, Inc.	24,280		1,072,933
Nanometrics, Inc. (a)	15,297		207,121
NVE Corp. (a)	3,019		216,402
Omnivision Technologies, Inc. (a)	35,568		952,511
PDF Solutions, Inc. (a)	19,293		250,230
Peregrine Semiconductor Corp. (a)	17,259		214,529
Pericom Semiconductor Corp. (a)	15,852		173,262
Photronics, Inc. (a)	38,715		348,048
PMC-Sierra, Inc. (a)	111,806		870,969
Power Integrations, Inc.	19,193		966,559
QuickLogic Corp. (a)(d)	32,838		94,573
Rambus, Inc. (a)(d)	71,814		822,270
RF Micro Devices, Inc. (a)(d)	181,429		2,360,391
Rubicon Technology, Inc. (a)(d)	15,576		69,002
Rudolph Technologies, Inc. (a)(d)	21,697		190,500
Semtech Corp. (a)	42,322		1,074,132
Silicon Image, Inc. (a)	48,985		262,560
Silicon Laboratories, Inc. (a)	27,592		1,257,919
Spansion, Inc. Class A (a)	38,102		784,139
Synaptics, Inc. (a)(d)	22,836		1,562,667
Tessera Technologies, Inc.	34,012		1,033,625
TriQuint Semiconductor, Inc. (a)	108,719		2,351,592
Ultra Clean Holdings, Inc. (a)	18,479		162,246
Ultratech, Inc. (a)(d)	17,399		332,843
Veeco Instruments, Inc. (a)(d)	25,195		906,768
Vitesse Semiconductor Corp. (a)	42,948		149,459
Xcerra Corp. (a)	33,051		280,603
			39,395,557
Software - 4.3%
A10 Networks, Inc. (a)(d)	7,573		33,321
ACI Worldwide, Inc. (a)	71,841		1,382,221
Actuate Corp. (a)	27,427		117,662
Advent Software, Inc.	32,544		1,124,721
American Software, Inc. Class A	14,670		141,712
Aspen Technology, Inc. (a)	58,678		2,166,979
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
AVG Technologies NV (a)	21,623		$ 387,484
Barracuda Networks, Inc.	5,113		164,383
Blackbaud, Inc.	29,065		1,293,393
Bottomline Technologies, Inc. (a)(d)	26,342		660,921
BroadSoft, Inc. (a)	17,900		409,910
Callidus Software, Inc. (a)	28,910		407,342
CommVault Systems, Inc. (a)	30,178		1,338,093
Compuware Corp.	138,830		1,409,125
Comverse, Inc. (a)	14,159		308,666
Covisint Corp. (a)(d)	23,900		69,071
Cyan, Inc. (a)	16,369		51,562
Digimarc Corp. (d)	3,889		112,742
Ebix, Inc. (d)	19,075		281,356
Ellie Mae, Inc. (a)(d)	18,140		696,213
EnerNOC, Inc. (a)(d)	16,738		247,220
EPIQ Systems, Inc.	19,339		310,198
ePlus, Inc. (a)	3,423		209,043
Fair Isaac Corp.	20,810		1,296,463
Fleetmatics Group PLC (a)(d)	23,643		878,101
Gigamon, Inc. (a)(d)	15,137		226,147
Globant SA (a)	4,326		55,978
Glu Mobile, Inc. (a)(d)	55,520		214,862
Guidance Software, Inc. (a)(d)	10,611		71,412
Guidewire Software, Inc. (a)(d)	43,312		2,163,001
Imperva, Inc. (a)(d)	14,242		583,495
Infoblox, Inc. (a)	34,998		564,868
Interactive Intelligence Group, Inc. (a)(d)	10,494		506,440
Jive Software, Inc. (a)	27,963		170,854
Kofax Ltd. (a)(d)	46,197		293,351
Manhattan Associates, Inc. (a)	48,097		1,929,171
Mavenir Systems, Inc. (d)	7,576		92,882
Mentor Graphics Corp.	60,941		1,291,340
MicroStrategy, Inc. Class A (a)	5,725		921,038
MobileIron, Inc. (d)	7,777		78,237
Model N, Inc. (a)	11,476		111,891
Monotype Imaging Holdings, Inc.	25,059		716,938
NetScout Systems, Inc. (a)	22,958		846,232
Park City Group, Inc. (a)(d)	5,682		47,842
Paycom Software, Inc. (d)	3,880		68,870
Pegasystems, Inc.	22,188		480,814
Progress Software Corp. (a)	32,310		836,829
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
Proofpoint, Inc. (a)(d)	23,396		$ 1,030,360
PROS Holdings, Inc. (a)	14,791		413,852
QAD, Inc. Class A	3,641		78,318
Qlik Technologies, Inc. (a)	57,144		1,620,032
Qualys, Inc. (a)(d)	12,548		402,540
Rally Software Development Corp. (a)(d)	15,523		158,645
RealPage, Inc. (a)	33,350		662,665
Rosetta Stone, Inc. (a)	12,641		120,974
Sapiens International Corp. NV (a)(d)	14,597		115,608
SeaChange International, Inc. (a)	22,353		151,106
Silver Spring Networks, Inc. (a)(d)	21,892		209,725
SS&C Technologies Holdings, Inc. (a)	43,548		2,104,239
Synchronoss Technologies, Inc. (a)(d)	22,235		1,148,882
Take-Two Interactive Software, Inc. (a)	52,957		1,400,713
Tangoe, Inc. (a)(d)	24,368		357,479
TeleCommunication Systems, Inc. Class A (a)	28,669		82,567
TeleNav, Inc. (a)	16,217		117,087
The Rubicon Project, Inc.	4,713		54,011
TiVo, Inc. (a)	72,745		949,322
Tubemogul, Inc. (a)(d)	2,383		37,032
Tyler Technologies, Inc. (a)	20,927		2,342,150
Ultimate Software Group, Inc. (a)	18,044		2,715,802
Varonis Systems, Inc. (d)	3,172		61,791
Vasco Data Security International, Inc. (a)	18,827		476,700
Verint Systems, Inc. (a)	37,989		2,183,988
VirnetX Holding Corp. (a)(d)	26,407		155,009
Vringo, Inc. (a)	42,545		43,821
Zendesk, Inc. (d)	7,085		184,210
			47,149,022
Technology Hardware, Storage & Peripherals - 0.5%
Cray, Inc. (a)(d)	26,022		901,923
Dot Hill Systems Corp. (a)	38,915		153,714
Eastman Kodak Co. (a)(d)	11,022		237,745
Electronics for Imaging, Inc. (a)	29,351		1,341,928
Immersion Corp. (a)	17,732		149,303
Intevac, Inc. (a)	14,235		105,339
Nimble Storage, Inc.	5,771		157,895
QLogic Corp. (a)	54,997		649,515
Quantum Corp. (a)(d)	161,055		206,150
Silicon Graphics International Corp. (a)(d)	21,692		188,287
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
Super Micro Computer, Inc. (a)	21,641		$ 691,646
Violin Memory, Inc. (a)(d)	50,083		242,402
			5,025,847
TOTAL INFORMATION TECHNOLOGY			193,065,161
MATERIALS - 4.8%
Chemicals - 2.3%
A. Schulman, Inc.	18,514		655,581
Advanced Emissions Solutions, Inc. (a)	13,554		274,062
American Vanguard Corp.	18,054		208,343
Axiall Corp.	44,415		1,789,925
Balchem Corp.	19,185		1,241,270
Calgon Carbon Corp. (a)	33,646		707,575
Chase Corp.	4,011		143,875
Chemtura Corp. (a)	58,301		1,357,830
Ferro Corp. (a)	45,275		594,008
Flotek Industries, Inc. (a)(d)	33,985		753,108
FutureFuel Corp.	13,746		183,097
H.B. Fuller Co.	31,815		1,335,276
Hawkins, Inc.	7,110		273,806
Innophos Holdings, Inc.	13,810		787,170
Innospec, Inc.	15,520		626,542
Intrepid Potash, Inc. (a)(d)	35,391		476,009
KMG Chemicals, Inc.	5,722		101,279
Koppers Holdings, Inc.	12,730		502,580
Kraton Performance Polymers, Inc. (a)	20,456		365,958
Kronos Worldwide, Inc.	14,059		188,953
Landec Corp. (a)	17,787		223,938
LSB Industries, Inc. (a)(d)	12,065		452,799
Marrone Bio Innovations, Inc. (a)(d)	10,289		26,957
Minerals Technologies, Inc.	21,809		1,672,968
Olin Corp.	50,560		1,225,574
OM Group, Inc.	20,715		539,211
OMNOVA Solutions, Inc. (a)	29,923		210,359
PolyOne Corp.	59,651		2,207,684
Quaker Chemical Corp.	8,628		708,186
Rentech, Inc. (a)(d)	142,734		226,947
Senomyx, Inc. (a)(d)	26,496		209,848
Sensient Technologies Corp.	31,267		1,850,381
Stepan Co.	12,021		532,290
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Chemicals - continued
Taminco Corp. (a)	17,779		$ 460,298
Trecora Resources (a)	13,067		171,831
Tredegar Corp.	15,662		297,891
Trinseo SA	7,226		104,416
Tronox Ltd. Class A	38,803		938,257
Zep, Inc.	14,994		240,804
			24,866,886
Construction Materials - 0.1%
Headwaters, Inc. (a)	46,133		585,889
U.S. Concrete, Inc. (a)(d)	8,820		217,854
United States Lime & Minerals, Inc.	1,168		81,888
			885,631
Containers & Packaging - 0.4%
AEP Industries, Inc. (a)	2,664		122,517
Berry Plastics Group, Inc. (a)	56,905		1,480,668
Graphic Packaging Holding Co. (a)	206,089		2,499,860
Myers Industries, Inc.	17,165		256,445
UFP Technologies, Inc. (a)	3,614		79,580
			4,439,070
Metals & Mining - 1.2%
A.M. Castle & Co. (a)(d)	11,179		82,166
AK Steel Holding Corp. (a)(d)	112,133		848,847
Allied Nevada Gold Corp. (a)(d)	65,235		90,677
Ampco-Pittsburgh Corp.	4,943		107,708
Century Aluminum Co. (a)	32,475		950,868
Coeur d'Alene Mines Corp. (a)(d)	65,086		240,818
Commercial Metals Co.	74,531		1,288,641
Globe Specialty Metals, Inc.	41,712		784,603
Gold Resource Corp.	22,422		87,222
Handy & Harman Ltd. (a)	2,913		102,858
Haynes International, Inc.	7,756		360,576
Hecla Mining Co. (d)	228,935		499,078
Horsehead Holding Corp. (a)(d)	33,073		519,577
Kaiser Aluminum Corp.	11,423		794,470
Materion Corp.	12,964		511,430
Molycorp, Inc. (a)(d)	114,099		157,457
Noranda Aluminium Holding Corp.	26,406		116,450
Olympic Steel, Inc.	5,422		109,091
RTI International Metals, Inc. (a)	20,086		473,025
Ryerson Holding Corp.	6,859		87,658
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - continued
Schnitzer Steel Industries, Inc. Class A (d)	16,587		$ 390,624
Stillwater Mining Co. (a)(d)	75,574		992,287
SunCoke Energy, Inc.	44,078		1,053,464
U.S. Silica Holdings, Inc. (d)	34,231		1,536,972
Universal Stainless & Alloy Products, Inc. (a)	4,205		108,111
Walter Energy, Inc. (d)	39,199		94,470
Worthington Industries, Inc.	32,509		1,256,473
			13,645,621
Paper & Forest Products - 0.8%
Boise Cascade Co. (a)	24,832		895,442
Clearwater Paper Corp. (a)	12,853		827,091
Deltic Timber Corp.	6,973		453,873
Kapstone Paper & Packaging Corp. (a)	53,744		1,653,165
Louisiana-Pacific Corp. (a)(d)	89,813		1,311,270
Neenah Paper, Inc.	10,486		639,751
P.H. Glatfelter Co.	27,012		681,513
Resolute Forest Products (a)	43,005		798,173
Schweitzer-Mauduit International, Inc.	19,255		829,120
Wausau-Mosinee Paper Corp.	26,539		262,471
			8,351,869
TOTAL MATERIALS			52,189,077
TELECOMMUNICATION SERVICES - 0.8%
Diversified Telecommunication Services - 0.7%
8x8, Inc. (a)(d)	55,174		433,668
Atlantic Tele-Network, Inc.	5,956		400,184
Cincinnati Bell, Inc. (a)	132,013		484,488
Cogent Communications Group, Inc.	29,506		1,001,434
Consolidated Communications Holdings, Inc. (d)	32,483		841,310
FairPoint Communications, Inc. (a)(d)	13,068		216,929
General Communications, Inc. Class A (a)	22,561		264,641
Globalstar, Inc. (a)(d)	171,252		405,867
Hawaiian Telcom Holdco, Inc. (a)(d)	6,304		169,578
IDT Corp. Class B	11,264		185,631
inContact, Inc. (a)(d)	38,344		341,262
Inteliquent, Inc.	20,216		340,235
Intelsat SA (a)(d)	17,203		334,770
Iridium Communications, Inc. (a)(d)	50,926		483,797
Lumos Networks Corp.	12,185		209,582
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
ORBCOMM, Inc. (a)	29,960		$ 189,347
Premiere Global Services, Inc. (a)	30,278		317,011
VocalTec Communications Ltd. (a)	10,619		98,757
Vonage Holdings Corp. (a)	109,556		381,255
			7,099,746
Wireless Telecommunication Services - 0.1%
Boingo Wireless, Inc. (a)(d)	13,814		96,836
Leap Wireless International, Inc. rights	29,000		73,080
NTELOS Holdings Corp. (d)	10,090		101,707
RingCentral, Inc. (a)(d)	17,472		229,582
Shenandoah Telecommunications Co.	15,150		448,289
Spok Holdings, Inc.	13,632		221,384
			1,170,878
TOTAL TELECOMMUNICATION SERVICES			8,270,624
UTILITIES - 3.5%
Electric Utilities - 1.3%
Allete, Inc.	26,924		1,406,510
Cleco Corp.	38,170		2,052,019
El Paso Electric Co.	25,487		964,428
Empire District Electric Co. (d)	26,798		762,135
IDACORP, Inc.	31,727		2,006,098
MGE Energy, Inc.	21,720		965,888
NRG Yield, Inc. Class A (d)	15,035		751,299
Otter Tail Corp.	23,969		743,039
PNM Resources, Inc.	50,192		1,448,039
Portland General Electric Co.	48,992		1,783,799
Spark Energy, Inc. Class A, (d)	2,028		32,854
UIL Holdings Corp.	36,034		1,482,439
Unitil Corp.	9,097		316,939
			14,715,486
Gas Utilities - 1.1%
Chesapeake Utilities Corp.	9,270		448,946
Laclede Group, Inc.	27,018		1,371,704
New Jersey Resources Corp.	26,626		1,557,088
Northwest Natural Gas Co.	16,914		793,774
ONE Gas, Inc.	32,900		1,248,555
Piedmont Natural Gas Co., Inc. (d)	49,357		1,876,060
South Jersey Industries, Inc.	21,266		1,247,038
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Gas Utilities - continued
Southwest Gas Corp.	29,274		$ 1,700,527
WGL Holdings, Inc.	33,132		1,557,204
			11,800,896
Independent Power and Renewable Electricity Producers - 0.2%
Abengoa Yield PLC	18,410		598,325
Ormat Technologies, Inc. (d)	11,029		319,290
Pattern Energy Group, Inc.	24,771		712,909
Terraform Power, Inc. (a)	14,834		422,176
			2,052,700
Independent Power Producers & Energy Traders - 0.4%
Atlantic Power Corp. (d)	75,317		168,403
Black Hills Corp.	28,293		1,548,476
Dynegy, Inc. (a)	77,524		2,364,482
			4,081,361
Multi-Utilities - 0.2%
Avista Corp. (d)	37,502		1,329,446
NorthWestern Energy Corp.	24,658		1,302,929
			2,632,375
Water Utilities - 0.3%
American States Water Co.	24,879		890,171
Artesian Resources Corp. Class A	4,623		102,954
California Water Service Group	32,139		836,578
Connecticut Water Service, Inc.	7,428		276,099
Middlesex Water Co.	10,508		236,955
SJW Corp.	10,055		321,358
York Water Co.	7,708		169,422
			2,833,537
TOTAL UTILITIES			38,116,355
TOTAL COMMON STOCKS (Cost $989,414,309)		1,089,403,696

U.S. Treasury Obligations - 0.1%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.05% 3/5/15 (e) (Cost $999,817)	$ 1,000,000	999,856

Money Market Funds - 27.4%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	14,563,686		$ 14,563,686
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	285,941,083		285,941,083
TOTAL MONEY MARKET FUNDS (Cost $300,504,769)		300,504,769
TOTAL INVESTMENT PORTFOLIO - 126.9% (Cost $1,290,918,895)			1,390,908,321
NET OTHER ASSETS (LIABILITIES) - (26.9)%			(294,617,985)
NET ASSETS - 100%		$ 1,096,290,336

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
64 ICE Russell 2000 Mini Index Contracts (United States)	Dec. 2014	$ 7,494,400	$ 715,324

The face value of futures purchased as a percentage of net assets is 0.7%

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $783,887.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 6,186
Fidelity Securities Lending Cash Central Fund	1,383,437
Total	$ 1,389,623

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 143,108,113	$ 143,108,113	$ -	$ -
Consumer Staples	34,420,248	34,420,248	-	-
Energy	50,228,785	50,227,172	-	1,613
Financials	265,087,751	265,087,751	-	-
Health Care	152,345,118	152,303,683	-	41,435
Industrials	152,572,464	152,572,464	-	-
Information Technology	193,065,161	193,065,161	-	-
Materials	52,189,077	52,189,077	-	-
Telecommunication Services	8,270,624	8,197,544	-	73,080
Utilities	38,116,355	38,116,355	-	-
U.S. Government and Government Agency Obligations	999,856	-	999,856	-
Money Market Funds	300,504,769	300,504,769	-	-
Total Investments in Securities:	$ 1,390,908,321	$ 1,389,792,337	$ 999,856	$ 116,128
Derivative Instruments:
Assets
Futures Contracts	$ 715,324	$ 715,324	$ -	$ -

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Equity Risk
Futures Contracts (a)	$ 715,324	$ -
Total Value of Derivatives	$ 715,324	$ -

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index

Financial Statements

Statement of Assets and Liabilities

	October 31, 2014 (Unaudited)

Assets
Investment in securities, at value (including securities loaned of $282,079,298) - See accompanying schedule: Unaffiliated issuers (cost $990,414,126)	$ 1,090,403,552
Fidelity Central Funds (cost $300,504,769)	300,504,769
Total Investments (cost $1,290,918,895)		$ 1,390,908,321
Receivable for fund shares sold		2,539,938
Dividends receivable		381,187
Distributions receivable from Fidelity Central Funds		231,201
Receivable for daily variation margin for derivative instruments		246,929
Receivable from investment adviser for expense reductions		109,212
Other receivables		485,921
Total assets		1,394,902,709

Liabilities
Payable for investments purchased	$ 10,014,315
Payable for fund shares redeemed	2,473,710
Accrued management fee	127,148
Other affiliated payables	56,117
Collateral on securities loaned, at value	285,941,083
Total liabilities		298,612,373

Net Assets		$ 1,096,290,336
Net Assets consist of:
Paid in capital		$ 967,259,051
Undistributed net investment income		7,207,146
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		21,119,347
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies		100,704,792
Net Assets		$ 1,096,290,336

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Assets and Liabilities - continued

	October 31, 2014 (Unaudited)

Investor Class: Net Asset Value, offering price and redemption price per share ($24,277,732 ÷ 1,451,104 shares)		$ 16.73

Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($769,379,122 ÷ 45,919,209 shares)		$ 16.76

Institutional Class: Net Asset Value, offering price and redemption price per share ($298,563,119 ÷ 17,815,131 shares)		$ 16.76

Fidelity Advantage Institutional Class: Net Asset Value, offering price and redemption price per share ($4,070,363 ÷ 242,871 shares)		$ 16.76

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index
Financial Statements - continued

Statement of Operations

Six months ended October 31, 2014 (Unaudited)

Investment Income
Dividends		$ 6,215,843
Interest		188
Income from Fidelity Central Funds (including $1,383,437 from security lending)		1,389,623
Total income		7,605,654

Expenses
Management fee	$ 764,780
Transfer agent fees	338,912
Independent trustees' compensation	2,257
Miscellaneous	691
Total expenses before reductions	1,106,640
Expense reductions	(659,381)	447,259
Net investment income (loss)		7,158,395
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers	21,750,670
Foreign currency transactions	183
Futures contracts	(200,592)
Total net realized gain (loss)		21,550,261
Change in net unrealized appreciation (depreciation) on: Investment securities	23,260,462
Assets and liabilities in foreign currencies	32
Futures contracts	692,417
Total change in net unrealized appreciation (depreciation)		23,952,911
Net gain (loss)		45,503,172
Net increase (decrease) in net assets resulting from operations		$ 52,661,567

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended October 31, 2014 (Unaudited)	Year ended April 30, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 7,158,395	$ 7,924,604
Net realized gain (loss)	21,550,261	9,936,654
Change in net unrealized appreciation (depreciation)	23,952,911	54,094,962
Net increase (decrease) in net assets resulting from operations	52,661,567	71,956,220
Distributions to shareholders from net investment income	(3,258,878)	(4,986,490)
Distributions to shareholders from net realized gain	(4,422,223)	(6,296,385)
Total distributions	(7,681,101)	(11,282,875)
Share transactions - net increase (decrease)	130,716,911	623,676,829
Redemption fees	123,429	287,609
Total increase (decrease) in net assets	175,820,806	684,637,783

Net Assets
Beginning of period	920,469,530	235,831,747
End of period (including undistributed net investment income of $7,207,146 and undistributed net investment income of $3,307,629, respectively)	$ 1,096,290,336	$ 920,469,530

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Investor Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.06	$ 13.59	$ 11.78	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.10	.19	.18	.09
Net realized and unrealized gain (loss)	.69	2.56	1.85	1.73
Total from investment operations	.79	2.75	2.03	1.82
Distributions from net investment income	(.04)	(.12)	(.14)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.12) ^L	(.29) ^J	(.23) ^K	(.04)
Redemption fees added to paid in capital^D	- ^I	.01	.01	- ^I
Net asset value, end of period	$ 16.73	$ 16.06	$ 13.59	$ 11.78
Total Return^{B, C}	4.90%	20.46%	17.63%	18.27%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.36% ^A	.36%	.36%	.36% ^A
Expenses net of fee waivers, if any	.23% ^A	.23%	.29%	.31% ^A
Expenses net of all reductions	.23% ^A	.23%	.29%	.31% ^A
Net investment income (loss)	1.26% ^A	1.18%	1.54%	1.20% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,278	$ 21,013	$ 8,079	$ 12,116
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.29 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.178 per share.

^K Total distributions of $.23 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.084 per share.

^L Total distributions of $.12 per share is comprised of distributions from net investment income of $.043 and distributions from net realized gain of $.072 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.08	$ 13.61	$ 11.79	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.11	.21	.21	.10
Net realized and unrealized gain (loss)	.69	2.57	1.84	1.73
Total from investment operations	.80	2.78	2.05	1.83
Distributions from net investment income	(.05)	(.14)	(.15)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.12)	(.32)	(.24) ^J	(.04)
Redemption fees added to paid in capital^D	-^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.08	$ 13.61	$ 11.79
Total Return^{B, C}	5.02%	20.61%	17.81%	18.38%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.23% ^A	.23%	.23%	.23% ^A
Expenses net of fee waivers, if any	.09% ^A	.09%	.12%	.17% ^A
Expenses net of all reductions	.09% ^A	.09%	.12%	.17% ^A
Net investment income (loss)	1.40% ^A	1.32%	1.71%	1.34% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 769,379	$ 632,741	$ 197,995	$ 23,851
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.24 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.084 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.09	$ 13.61	$ 11.80	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.21	.22	.10
Net realized and unrealized gain (loss)	.68	2.58	1.82	1.74
Total from investment operations	.80	2.79	2.04	1.84
Distributions from net investment income	(.05)	(.14)	(.15)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.13) ^K	(.32)	(.24) ^J	(.04)
Redemption fees added to paid in capital^D	- ^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.09	$ 13.61	$ 11.80
Total Return^{B, C}	4.96%	20.71%	17.74%	18.49%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.17% ^A	.17%	.17%	.17% ^A
Expenses net of fee waivers, if any	.07% ^A	.07%	.10%	.13% ^A
Expenses net of all reductions	.07% ^A	.07%	.10%	.13% ^A
Net investment income (loss)	1.42% ^A	1.34%	1.73%	1.38% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 298,563	$ 263,061	$ 27,675	$ 574
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.24 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.084 per share.

^K Total distributions of $.13 per share is comprised of distributions from net investment income of $.0543 and distributions from net realized gain of $.072 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.09	$ 13.61	$ 11.80	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.21	.23	.10
Net realized and unrealized gain (loss)	.68	2.58	1.81	1.75
Total from investment operations	.80	2.79	2.04	1.85
Distributions from net investment income	(.06)	(.14)	(.16)	(.05)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.13)	(.32)	(.24)	(.05)
Redemption fees added to paid in capital^D	-^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.09	$ 13.61	$ 11.80
Total Return^{B, C}	4.97%	20.73%	17.77%	18.50%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.15% ^A	.15%	.15%	.15% ^A
Expenses net of fee waivers, if any	.05% ^A	.05%	.06%	.11% ^A
Expenses net of all reductions	.05% ^A	.05%	.06%	.11% ^A
Net investment income (loss)	1.44% ^A	1.36%	1.77%	1.40% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 4,070	$ 3,654	$ 2,082	$ 574
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Notes to Financial Statements

For the period ended October 31, 2014 (Unaudited)

1. Organization.

Spartan® Mid Cap Index Fund and Spartan Small Cap Index Fund (the Funds) are funds of Fidelity Salem Street Trust (the Trust) and are authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders.

2. Investments in Fidelity Central Funds.

The Funds invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of the investment adviser. Annualized expenses of the Money Market Central Funds as of their most recent shareholder report date are less than .01%.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds are available on the SEC website or upon request.

3. Significant Accounting Policies.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

3. Significant Accounting Policies - continued

Investment Valuation - continued

approved by the Board of Trustees (the Board), each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Semiannual Report

3. Significant Accounting Policies - continued

Investment Valuation - continued

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of October 31, 2014 is included at the end of each Fund's Schedule of Investments.

Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

3. Significant Accounting Policies - continued

Investment Transactions and Income - continued

cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. Subsequent to ex-dividend date the Funds determine the components of these distributions, based upon receipt of tax filings or other correspondence relating to the underlying investment. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain

Semiannual Report

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities
Spartan Mid Cap Index Fund	$ 782,684,028	$ 149,786,657	$ (22,693,818)	$ 127,092,839
Spartan Small Cap Index Fund	1,292,089,937	176,820,684	(78,002,300)	98,818,384

Short-Term Trading (Redemption) Fees. Shares held by investors in the Spartan Mid Cap Index Fund less than 30 days may be subject to a redemption fee equal to .75% of the NAV of shares redeemed. Shares held by investors in the Spartan Small Cap Index Fund less than 90 days are subject to a redemption fee equal to 1.50% of the NAV of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Funds and accounted for as an addition to paid in capital.

New Accounting Pronouncement. In June 2014, the Financial Accounting Standards Board issued Accounting Standard Update No. 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The Update amends the accounting for certain repurchase agreements and expands disclosure requirements for reverse repurchase agreements, securities lending and other similar transactions. The disclosure requirements are effective for annual and interim reporting periods beginning after December 15, 2014. Management is currently evaluating the impact of the Update on the Funds' financial statements and related disclosures.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.

The Funds' use of derivatives increased or decreased their exposure to the following risk:

Equity Risk

Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Semiannual Report

4. Derivative Instruments - continued

Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.

Primary Risk Exposure / Derivative Type	Net Realized Gain (Loss)	Change in Net Unrealized Appreciation (Depreciation)
Spartan Mid Cap Index Fund
Equity Risk
Futures Contracts	$ (130,474)	$ 247,412
Totals (a)	$ (130,474)	$ 247,412
Spartan Small Cap Index Fund
Equity Risk
Futures Contracts	(200,592)	692,417
Totals (a)	$ (200,592)	$ 692,417

(a) A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin for derivative instruments in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of volume of activity during the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

	Purchases ($)	Sales ($)
Spartan Mid Cap Index Fund	234,111,425	53,348,114
Spartan Small Cap Index Fund	260,909,510	117,526,979

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company (the investment adviser) and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .12% and .15% of average net assets for Spartan Mid Cap Index Fund and Spartan Small Cap Index Fund, respectively. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.

In addition, under an expense contract, the investment adviser pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:

	Investor Class	Fidelity Advantage Class	Institutional Class	Fidelity Advantage Institutional Class
Spartan Mid Cap Index Fund	.33%	.20%	.14%	.12%
Spartan Small Cap Index Fund	.36%	.23%	.17%	.15%

Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by the investment adviser for providing these services.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at an annual rate of.21%, .11%, .035% and .015% of average net assets for each Fund's Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

Semiannual Report

6. Fees and Other Transactions with Affiliates - continued

Transfer Agent Fees - continued

Under the expense contract, each Investor Class, Fidelity Advantage Class and Institutional Class pays all or a portion of the transfer agent fees at an annual rate of .21%, .08% and .02% of average net assets, respectively. Each Fidelity Advantage Institutional Class does not pay transfer agent fees.

For the period, the total transfer agent fees paid by each applicable class were as follows:

Spartan Mid Cap Index Fund	Amount
Investor Class	$ 21,661
Fidelity Advantage Class	239,654
Institutional Class	10,195
	$ 271,510
Spartan Small Cap Index Fund
Investor Class	$ 23,914
Fidelity Advantage Class	287,580
Institutional Class	27,418
	$ 338,912

7. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:

Spartan Mid Cap Index Fund	$ 482
Spartan Small Cap Index Fund	691

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

8. Security Lending - continued

If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the Funds may apply collateral received from the borrower against the obligation. The Funds may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds.

9. Expense Reductions.

The investment adviser contractually agreed to reimburse funds to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through June 30, 2015. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.

The following classes of each applicable Fund were in reimbursement during the period:

	Expense Limitations	Reimbursement
Spartan Mid Cap Index Fund
Investor Class	.22%	$ 11,368
Fidelity Advantage Class	.08%	360,688
Institutional Class	.06%	40,970
Fidelity Advantage Institutional Class	.04%	2,813
Spartan Small Cap Index Fund
Investor Class	.23%	14,855
Fidelity Advantage Class	.09%	504,836
Institutional Class	.07%	137,667
Fidelity Advantage Institutional Class	.05%	1,908

In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. All of the applicable expense reductions are noted in the table below.

	Custody expense reduction
Spartan Mid Cap Index Fund	$ 4
Spartan Small Cap Index Fund	16

Semiannual Report

9. Expense Reductions - continued

In addition, the investment adviser reimbursed a portion of each Fund's operating expenses during the period as follows:

Spartan Mid Cap Index Fund	$ 65
Spartan Small Cap Index Fund	99

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Six months ended October 31, 2014	Year ended April 30, 2014
Spartan Mid Cap Index Fund
From net investment income
Investor Class	$ 50,297	$ 74,958
Fidelity Advantage Class	1,962,969	3,809,814
Institutional Class	333,670	524,010
Fidelity Advantage Institutional Class	16,447	38,713
Total	$ 2,363,383	$ 4,447,495
From net realized gain
Investor Class	$ 26,688	$ 62,107
Fidelity Advantage Class	864,027	2,753,728
Institutional Class	143,206	367,797
Fidelity Advantage Institutional Class	6,895	26,668
Total	$ 1,040,816	$ 3,210,300
Spartan Small Cap Index Fund
From net investment income
Investor Class	$ 61,686	$ 121,693
Fidelity Advantage Class	2,285,869	3,732,923
Institutional Class	898,690	1,098,983
Fidelity Advantage Institutional Class	12,633	32,891
Total	$ 3,258,878	$ 4,986,490
From net realized gain
Investor Class	$ 103,288	$ 180,848
Fidelity Advantage Class	3,111,201	4,730,550
Institutional Class	1,191,413	1,344,444
Fidelity Advantage Institutional Class	16,321	40,543
Total	$ 4,422,223	$ 6,296,385

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between funds:

	Shares		Dollars
	2014	2013	2014	2013
Spartan Mid Cap Index Fund
Investor Class
Shares sold	1,088,572	1,975,682	$ 18,332,264	$ 29,876,609
Reinvestment of distributions	4,433	8,979	74,826	133,800
Shares redeemed	(632,660)	(1,432,371)	(10,647,060)	(21,248,784)
Net increase (decrease)	460,345	552,290	$ 7,760,030	$ 8,761,625
Fidelity Advantage Class
Shares sold	12,292,554	24,053,029	$ 207,252,711	$ 363,116,725
Reinvestment of distributions	164,403	430,910	2,776,768	6,463,596
Shares redeemed	(4,716,903)	(7,114,375)	(78,974,986)	(108,519,672)
Net increase (decrease)	7,740,054	17,369,564	$ 131,054,493	$ 261,060,649
Institutional Class
Shares sold	1,907,576	2,965,195	$ 32,337,008	$ 45,885,096
Reinvestment of distributions	28,234	59,718	476,876	891,807
Shares redeemed	(510,626)	(720,066)	(8,554,839)	(11,097,777)
Net increase (decrease)	1,425,184	2,304,847	$ 24,259,045	$ 35,679,126
Fidelity Advantage Institutional Class
Shares sold	912,994	228,342	$ 15,327,519	$ 3,279,459
Reinvestment of distributions	1,382	4,379	23,342	65,381
Shares redeemed	(30,980)	(43,759)	(516,064)	(684,268)
Net increase (decrease)	883,396	188,962	$ 14,834,797	$ 2,660,572
Spartan Small Cap Index Fund
Investor Class
Shares sold	1,011,470	2,738,219	$ 16,310,344	$ 42,850,558
Reinvestment of distributions	8,601	16,538	142,090	254,669
Shares redeemed	(877,250)	(2,041,094)	(14,224,297)	(32,230,267)
Net increase (decrease)	142,821	713,663	$ 2,228,137	$ 10,874,960
Fidelity Advantage Class
Shares sold	14,004,038	31,293,380	$ 224,767,259	$ 488,417,744
Reinvestment of distributions	313,983	525,763	5,190,134	8,101,146
Shares redeemed	(7,741,279)	(7,029,195)	(125,141,730)	(111,411,379)
Net increase (decrease)	6,576,742	24,789,948	$ 104,815,663	$ 385,107,511
Institutional Class
Shares sold	3,127,315	15,593,373	$ 50,392,637	$ 247,126,510
Reinvestment of distributions	126,367	156,951	2,090,103	2,443,427
Shares redeemed	(1,791,576)	(1,430,969)	(29,065,424)	(22,920,545)
Net increase (decrease)	1,462,106	14,319,355	$ 23,417,316	$ 226,649,392

Semiannual Report

11. Share Transactions - continued

	Shares		Dollars
	2014	2013	2014	2013
Spartan Small Cap Index Fund - continued
Fidelity Advantage Institutional Class
Shares sold	26,745	113,729	$ 433,596	$ 1,682,596
Reinvestment of distributions	1,752	4,815	28,954	73,434
Shares redeemed	(12,790)	(44,393)	(206,755)	(711,064)
Net increase (decrease)	15,707	74,151	$ 255,795	$ 1,044,966

12. Other.

The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees

Spartan Mid Cap Index Fund

Spartan Small Cap Index Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for each fund, including the fund's sub-advisory agreement with Geode Capital Management, LLC (Geode). The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board has established four standing committees (Committees) - Operations, Audit, Fair Valuation, and Governance and Nominating - each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Operations Committee, of which all of the Independent Trustees are members, meets regularly throughout the year and considers, among other matters, information specifically related to the annual consideration of the renewal of each fund's Advisory Contracts. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contracts. The Board also meets as needed to consider matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through ad hoc joint committees to discuss certain matters relevant to the Fidelity funds.

At its September 2014 meeting, the Board, including the Independent Trustees, unanimously determined to renew each fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services to be provided to each fund and its shareholders (including the investment performance of each fund); (ii) the competitiveness of each fund's management fee and total expense ratio relative to peer funds; (iii) the total costs of the services to be provided by and the profits to be realized by Fidelity from its relationship with each fund; (iv) the extent to which economies of scale exist and would be realized as each fund grows; and (v) whether fee levels reflect these economies of scale, if any, for the benefit of fund shareholders.

In considering whether to renew the Advisory Contracts for each fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of each fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of each fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that each fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in that fund, which is part of the Fidelity family of funds.

Semiannual Report

Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the funds, including the backgrounds of investment personnel of Fidelity and Geode, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups and of Geode. The Board considered the structure of the portfolio manager compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage.

Resources Dedicated to Investment Management and Support Services. The Board reviewed the general qualifications and capabilities of Fidelity's and Geode's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's and Geode's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board believes that Fidelity's and Geode's investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously. Additionally, in its deliberations, the Board considered Fidelity's and Geode's trading, risk management, and compliance capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by FMR, the sub-advisers (together with FMR, the Investment Advisers), and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians and subcustodians; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value or convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information through telephone representatives and over the Internet, investor education materials and asset allocation tools, and the expanded availability of Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including (i) continuing to dedicate additional resources to investment research and to the support of the senior management team that oversees asset management; (ii) persisting in efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and making other enhancements to meet client needs for income-oriented solutions; (iv) reducing fund expenses for certain index funds; (v) continuing to launch dedicated lower cost underlying funds to meet portfolio construction needs related to expanding underlying fund options for Fidelity funds of funds, specifically for the Freedom Fund product lines; (vi) rationalizing product lines and gaining increased efficiencies through fund mergers; (vii) launching sector-based exchange-traded funds and establishing a new Fidelity adviser, Fidelity SelectCo, LLC, to manage sector-based funds and products; (viii) continuing to develop, acquire, and implement systems and technology to improve security and services to the funds and to increase efficiency; (ix) modifying the eligibility criteria for certain share classes to increase their marketability to a portion of the defined contribution plan market; (x) waiving redemption fees for certain qualified fund-of-fund and wrap programs and certain retirement plan transactions; and (xi) launching new Institutional Class shares of certain money market funds to attract and retain assets and to fill a gap in money market fund offerings.

Investment Performance. The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history.

Semiannual Report

The Board took into account discussions with the Investment Advisers about fund investment performance that occur at Board meetings throughout the year. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board periodically considers annualized return information for each fund for different time periods, measured against the securities market index the fund seeks to track. The Board also periodically considers each fund's tracking error versus its benchmark index. In its evaluation of fund investment performance at meetings throughout the year, the Board gave particular attention to information indicating underperformance of certain Fidelity funds for specific time periods and the Investment Advisers' explanations for such underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on gross performance (before fees and expenses but after transaction costs) compared to a fund's benchmark index, over appropriate time periods, taking into account relevant factors including the following: general market conditions; the characteristics of the fund's benchmark index; the extent to which statistical sampling is employed; and fund cash flows and other factors. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index for certain periods.

The Independent Trustees recognize that shareholders evaluate performance on a net basis (after fees and expenses) over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative calendar year total return information for each fund and its benchmark index for the most recent one-year period.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should benefit each fund's shareholders.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered each fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison and by reducing the number of universes to which various Fidelity funds are compared.

Management Fee. The Board considered two proprietary management fee comparisons for the 12-month (or shorter) periods shown in the charts below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than a fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than a fund. The funds' actual TMG %s are in the charts below. The "Asset-Size Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which a fund's management fee rate ranked, is also included in the charts and considered by the Board. Because the vast majority of competitor funds' management fees do not cover non-management expenses, for a more meaningful comparison of management fees, each fund is compared on the basis of a hypothetical "net management fee," which is derived by subtracting payments made by FMR for "fund-level" non-management expenses (including pricing and bookkeeping fees and fees paid to non-affiliated custodians) from the fund's management fee. In this regard, the Board considered that net management fees can vary from year to year because of differences in "fund-level" non-management expenses, and that "fund-level" non-management expenses may exceed the fund's management fee and result in a negative net management fee. The Board noted, however, that FMR does not pay transfer agent fees or other "class-level" expenses under each fund's management contract.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Spartan Mid Cap Index Fund

Semiannual Report

cxi1001019

Spartan Small Cap Index Fund

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The Board noted that each fund's hypothetical net management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for 2013. Although each fund's hypothetical net management fee was negative, the Board noted that it is truly a hypothetical number derived for purposes of providing a more meaningful competitive comparison and is not intended to suggest that Fidelity pays the fund to manage the fund's assets.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio. In its review of the total expense ratio of each class of each fund, the Board considered the fund's hypothetical net management fee as well as the fund's gross management fee. The Board also considered other "fund-level" expenses, such as pricing and bookkeeping fees and custodial, legal, and audit fees. The Board also considered other "class-level" expenses, such as transfer agent fees. The Board also noted that Fidelity may agree to waive fees and expenses from time to time, and the extent to which, if any, it has done so for the funds. As part of its review, the Board also considered the current and historical total expense ratios of each class of each fund compared to competitive fund median expenses. Each class of each fund is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure.

The Board noted that the total expense ratio of each class of Spartan Mid Cap Index Fund ranked below its competitive median for 2013.

The Board considered that current contractual arrangements for Spartan Mid Cap Index Fund oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, as follows: Fidelity Advantage Class: 0.20%; Fidelity Advantage Institutional Class: 0.12%; Institutional Class: 0.14%; and Investor Class: 0.33%. These contractual arrangements may not be increased without the approval of the Board. The Board further considered that FMR contractually agreed to reimburse Fidelity Advantage Class, Fidelity Advantage Institutional Class, Institutional Class, and Investor Class of the fund to the extent that total expenses (excluding interest, certain taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed 0.08%, 0.04%, 0.06%, and 0.22% through June 30, 2015.

The Board noted that the total expense ratio of each class of Spartan Small Cap Index Fund ranked below its competitive median for 2013.

The Board considered that current contractual arrangements for Spartan Small Cap Index Fund oblige FMR to pay all "class-level" expenses of each class of the fund to the extent necessary to limit total expenses, with certain exceptions, as follows: Fidelity Advantage Class: 0.23%; Fidelity Advantage Institutional Class: 0.15%; Institutional Class: 0.17%; and Investor Class: 0.36%. These contractual arrangements may not be increased without the approval of the Board. The Board further considered that FMR contractually agreed to reimburse Fidelity Advantage Class, Fidelity Advantage Institutional Class, Institutional Class, and Investor Class of the fund to the extent that total expenses (excluding interest, certain taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed 0.09%, 0.05%, 0.07%, and 0.23% through June 30, 2015.

Semiannual Report

Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients. The Board noted the findings of the 2013 ad hoc joint committee (created with the board of other Fidelity funds), which reviewed and compared Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds, including the differences in services provided, fees charged, and costs incurred, as well as competition in their respective marketplaces.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of each fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing each fund and servicing each fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationship with each fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies.

PricewaterhouseCoopers LLP (PwC), independent registered public accounting firm and auditor to Fidelity and certain Fidelity funds, has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. PwC's engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of fund profitability and its conformity to established allocation methodologies. After considering PwC's reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board also reviewed Fidelity's non-fund businesses and fall-out benefits related to the mutual fund business as well as cases where Fidelity's affiliates may benefit from or be related to the funds' business.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund and was satisfied that the profitability was not excessive.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including each fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which each fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that in 2013, it and the boards of other Fidelity funds created an ad hoc committee (the Economies of Scale Committee) to analyze whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' Advisory Contracts, the Board requested and received additional information on certain topics, including: (i) Fidelity's fund profitability methodology, profitability trends for certain funds, and the impact of certain factors on fund profitability results; (ii) portfolio manager changes that have occurred during the past year and the amount of the investment that each portfolio manager has made in the Fidelity fund(s) that he or she manages; (iii) Fidelity's compensation structure for portfolio managers, research analysts, and other key personnel, including its effects on fund profitability, the rationale for the compensation structure, and the extent to which current market conditions have affected retention and recruitment; (iv) the arrangements with and compensation paid to certain fund sub-advisers on behalf of the Fidelity funds; (v) Fidelity's fee structures, including the group fee structure and definition of group assets, and the rationale for recommending different fees among different categories of funds and classes; (vi) Fidelity's voluntary waiver of its fees to maintain minimum yields for certain money market funds and classes as well as contractual waivers in place for certain funds; (vii) the methodology with respect to competitive fund data and peer group classifications; (viii) Fidelity's transfer agent fee, expense, and service structures for different funds and classes, and the impact of the increased use of omnibus accounts; and (ix) explanations regarding the relative total expense ratios of certain funds and classes, total expense competitive trends and methodologies for total expense competitive comparisons, and actions that might be taken by Fidelity to reduce total expense ratios for certain funds and classes or to achieve further economies of scale.

Semiannual Report

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board ultimately concluded that the advisory fee structures are fair and reasonable, and that each fund's Advisory Contracts should be renewed.

Semiannual Report

Investment Adviser

Fidelity Management & Research
Company

Boston, MA

Investment Sub-Advisers

FMR Co., Inc.

Geode Capital Management, LLC

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Fidelity Investments Institutional
Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

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State Street Bank and Trust Company

Boston, MA

(Fidelity Investment logo)(registered trademark)
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MCX-I-SCX-I-USAN-1214
1.929322.103

Spartan® Mid Cap Index
Fund

Spartan Small Cap Index Fund

Investor Class

Fidelity Advantage® Class

Semiannual Report

October 31, 2014

(Fidelity Cover Art)

Shareholder Expense Example	(Click Here)	An example of shareholder expenses.
Spartan® Mid Cap Index Fund
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Spartan Small Cap Index Fund
Investment Changes	(Click Here)	A summary of major shifts in the fund's investments over the past six months.
Investments	(Click Here)	A complete list of the fund's investments with their market values.
Financial Statements	(Click Here)	Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights.
Notes	(Click Here)	Notes to the financial statements.
Board Approval of Investment Advisory Contracts and Management Fees	(Click Here)

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Semiannual Report

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

Neither the funds nor Fidelity Distributors Corporation is a bank.

Semiannual Report

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2014 to October 31, 2014).

Actual Expenses

Hypothetical Example for Comparison Purposes

Semiannual Report

	Annualized Expense Ratio ^B	Beginning Account Value May 1, 2014	Ending Account Value October 31, 2014	Expenses Paid During Period* May 1, 2014 to October 31, 2014
Spartan Mid Cap Index Fund
Investor Class	.22%
Actual		$ 1,000.00	$ 1,069.30	$ 1.15
Hypothetical^A		$ 1,000.00	$ 1,024.10	$ 1.12
Fidelity Advantage Class	.08%
Actual		$ 1,000.00	$ 1,069.90	$ .42
Hypothetical^A		$ 1,000.00	$ 1,024.80	$ .41
Institutional Class	.06%
Actual		$ 1,000.00	$ 1,069.30	$ .31
Hypothetical^A		$ 1,000.00	$ 1,024.90	$ .31
Fidelity Advantage Institutional Class	.04%
Actual		$ 1,000.00	$ 1,069.40	$ .21
Hypothetical^A		$ 1,000.00	$ 1,025.00	$ .20
Spartan Small Cap Index Fund
Investor Class	.23%
Actual		$ 1,000.00	$ 1,049.00	$ 1.19
Hypothetical^A		$ 1,000.00	$ 1,024.05	$ 1.17
Fidelity Advantage Class	.09%
Actual		$ 1,000.00	$ 1,050.20	$ .47
Hypothetical^A		$ 1,000.00	$ 1,024.75	$ .46
Institutional Class	.07%
Actual		$ 1,000.00	$ 1,049.60	$ .36
Hypothetical^A		$ 1,000.00	$ 1,024.85	$ .36
Fidelity Advantage Institutional Class	.05%
Actual		$ 1,000.00	$ 1,049.70	$ .26
Hypothetical^A		$ 1,000.00	$ 1,024.95	$ .26

^A 5% return per year before expenses

^B Annualized expense ratio reflects expenses net of applicable fee waivers.

* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period).

Semiannual Report

Spartan Mid Cap Index

Investment Changes (Unaudited)

Top Ten Stocks as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Kroger Co.	0.5	0.4
Sempra Energy	0.4	0.4
Applied Materials, Inc.	0.4	0.4
Illumina, Inc.	0.4	0.3
Cigna Corp.	0.4	0.4
Cardinal Health, Inc.	0.4	0.4
Vertex Pharmaceuticals, Inc.	0.4	0.3
Crown Castle International Corp.	0.4	0.4
Aon PLC	0.4	0.4
Intuit, Inc.	0.4	0.4
	4.1
Market Sectors as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	20.6	20.0
Consumer Discretionary	16.7	16.6
Information Technology	14.3	13.3
Industrials	12.9	13.5
Health Care	11.5	11.0
Utilities	6.1	6.1
Materials	5.7	5.7
Consumer Staples	5.6	5.7
Energy	5.4	7.1
Telecommunication Services	0.7	0.7

Semiannual Report

Spartan Mid Cap Index

Investments October 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.5%
	Shares		Value
CONSUMER DISCRETIONARY - 16.7%
Auto Components - 0.7%
BorgWarner, Inc.	30,590		$ 1,744,242
Gentex Corp.	19,279		631,194
Lear Corp.	10,715		991,138
The Goodyear Tire & Rubber Co.	36,942		895,105
TRW Automotive Holdings Corp. (a)	14,765		1,496,433
Visteon Corp. (a)	5,808		545,371
			6,303,483
Automobiles - 0.6%
Harley-Davidson, Inc.	29,148		1,915,024
Tesla Motors, Inc. (a)(d)	12,646		3,056,538
Thor Industries, Inc.	6,259		331,039
			5,302,601
Distributors - 0.4%
Genuine Parts Co.	20,550		1,994,994
LKQ Corp. (a)	40,270		1,150,514
			3,145,508
Diversified Consumer Services - 0.4%
Apollo Education Group, Inc. Class A (non-vtg.) (a)	12,786		366,447
DeVry, Inc.	8,312		402,384
Graham Holdings Co.	475		372,210
H&R Block, Inc.	36,262		1,171,625
Service Corp. International	28,528		623,907
ServiceMaster Global Holdings, Inc.	5,461		130,955
			3,067,528
Hotels, Restaurants & Leisure - 2.3%
ARAMARK Holdings Corp.	5,370		149,877
Bally Technologies, Inc. (a)	5,311		427,004
Brinker International, Inc.	8,546		458,407
Burger King Worldwide, Inc. (d)	14,173		463,174
Chipotle Mexican Grill, Inc. (a)	4,134		2,637,492
Choice Hotels International, Inc.	4,596		245,886
Darden Restaurants, Inc. (d)	17,514		906,875
Domino's Pizza, Inc.	7,488		664,860
Dunkin' Brands Group, Inc.	14,430		656,276
Hilton Worldwide Holdings, Inc.	18,191		459,141
Hyatt Hotels Corp. Class A (a)	5,670		335,777
International Game Technology	32,613		534,527
Marriott International, Inc. Class A	29,481		2,233,186
MGM Mirage, Inc. (a)	49,233		1,144,667
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Norwegian Cruise Line Holdings Ltd. (a)	12,221		$ 476,619
Panera Bread Co. Class A (a)(d)	3,229		521,936
Royal Caribbean Cruises Ltd.	21,999		1,495,272
SeaWorld Entertainment, Inc.	8,592		165,310
Six Flags Entertainment Corp.	9,760		393,328
Starwood Hotels & Resorts Worldwide, Inc.	25,581		1,961,039
Wendy's Co.	35,459		284,381
Wyndham Worldwide Corp.	16,845		1,308,351
Wynn Resorts Ltd.	10,784		2,049,068
			19,972,453
Household Durables - 1.6%
D.R. Horton, Inc.	42,651		972,016
Garmin Ltd. (d)	16,231		900,496
GoPro, Inc. Class A (d)	2,617		201,771
Harman International Industries, Inc.	9,030		969,280
Jarden Corp. (a)	17,277		1,124,560
Leggett & Platt, Inc.	18,397		724,474
Lennar Corp. Class A	23,473		1,011,217
Mohawk Industries, Inc. (a)	8,122		1,153,649
Newell Rubbermaid, Inc.	36,966		1,232,077
NVR, Inc. (a)	558		684,990
PulteGroup, Inc.	50,918		977,116
Taylor Morrison Home Corp. (a)	4,274		73,684
Tempur Sealy International, Inc. (a)	8,125		427,700
Toll Brothers, Inc. (a)	23,429		748,557
Tupperware Brands Corp.	6,773		431,779
Whirlpool Corp.	10,373		1,784,675
			13,418,041
Internet & Catalog Retail - 1.1%
Expedia, Inc.	13,382		1,137,069
Groupon, Inc. Class A (a)(d)	65,089		475,801
HomeAway, Inc. (a)(d)	12,673		442,288
Liberty Interactive Corp.:
(Venture Group) Series A (a)	19,147		672,060
Series A (a)	65,099		1,701,688
Liberty TripAdvisor Holdings, Inc. (a)	9,877		311,916
Netflix, Inc. (a)	7,999		3,141,767
TripAdvisor, Inc. (a)	14,718		1,304,898
zulily, Inc. Class A	1,991		72,433
			9,259,920
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Leisure Products - 0.4%
Hasbro, Inc.	15,527		$ 893,268
Mattel, Inc.	44,830		1,392,868
Polaris Industries, Inc.	8,820		1,330,585
			3,616,721
Media - 2.4%
AMC Networks, Inc. Class A (a)(d)	7,958		482,653
Cablevision Systems Corp. - NY Group Class A (d)	26,006		484,232
Charter Communications, Inc. Class A (a)	10,508		1,664,362
Cinemark Holdings, Inc.	15,408		544,211
Clear Channel Outdoor Holding, Inc. Class A	4,568		33,164
Discovery Communications, Inc.:
Class A (a)	30,490		1,077,822
Class C (non-vtg.) (a)	30,579		1,069,959
DISH Network Corp. Class A (a)	28,484		1,813,007
DreamWorks Animation SKG, Inc. Class A (a)(d)	9,757		217,386
Gannett Co., Inc.	29,990		944,685
Interpublic Group of Companies, Inc.	55,944		1,084,754
John Wiley & Sons, Inc. Class A	5,697		332,648
Lamar Advertising Co. Class A	10,589		546,922
Liberty Media Corp.:
Class A (a)	12,546		602,459
Class C (a)	25,185		1,207,117
Lions Gate Entertainment Corp. (d)	10,830		358,798
Live Nation Entertainment, Inc. (a)	19,446		505,596
Morningstar, Inc.	2,715		185,299
News Corp. Class A (a)	65,637		1,016,061
Omnicom Group, Inc.	34,433		2,474,355
Regal Entertainment Group Class A (d)	11,195		247,969
Scripps Networks Interactive, Inc. Class A	13,948		1,077,344
Sirius XM Holdings, Inc. (a)(d)	345,540		1,185,202
Starz Series A (a)	12,148		375,373
The Madison Square Garden Co. Class A (a)	8,152		617,596
			20,148,974
Multiline Retail - 1.4%
Big Lots, Inc.	7,609		347,351
Dillard's, Inc. Class A (d)	3,437		363,497
Dollar General Corp. (a)	41,241		2,584,573
Dollar Tree, Inc. (a)	27,826		1,685,421
Family Dollar Stores, Inc.	12,621		988,098
JC Penney Corp., Inc. (a)(d)	41,685		317,223
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Multiline Retail - continued
Kohl's Corp.	27,630		$ 1,498,099
Macy's, Inc.	48,088		2,780,448
Nordstrom, Inc.	18,440		1,338,928
Sears Holdings Corp. (a)(d)	3,682		128,575
			12,032,213
Specialty Retail - 3.8%
Aarons, Inc. Class A	8,510		210,708
Abercrombie & Fitch Co. Class A (d)	9,731		325,794
Advance Auto Parts, Inc.	9,817		1,442,706
Ascena Retail Group, Inc. (a)	16,775		208,849
AutoNation, Inc. (a)	9,692		554,964
AutoZone, Inc. (a)	4,352		2,408,919
Bed Bath & Beyond, Inc. (a)(d)	24,902		1,676,901
Best Buy Co., Inc.	37,912		1,294,316
Cabela's, Inc. Class A (a)(d)	6,489		311,602
CarMax, Inc. (a)(d)	29,190		1,632,013
Chico's FAS, Inc.	20,829		314,101
CST Brands, Inc.	10,102		386,402
Dick's Sporting Goods, Inc.	12,699		576,154
DSW, Inc. Class A	10,276		304,683
Foot Locker, Inc.	19,276		1,079,649
GameStop Corp. Class A (d)	15,412		659,017
Gap, Inc.	35,387		1,340,813
GNC Holdings, Inc.	12,244		508,983
L Brands, Inc.	32,350		2,333,082
Michaels Companies, Inc.	3,793		69,336
Murphy U.S.A., Inc. (a)	6,282		359,959
O'Reilly Automotive, Inc. (a)	14,078		2,476,039
Penske Automotive Group, Inc.	5,558		251,444
PetSmart, Inc.	13,145		951,041
Ross Stores, Inc.	28,261		2,281,228
Sally Beauty Holdings, Inc. (a)	21,387		626,853
Signet Jewelers Ltd.	10,672		1,280,747
Staples, Inc. (d)	85,402		1,082,897
Tiffany & Co., Inc.	14,967		1,438,628
Tractor Supply Co.	18,436		1,349,884
Ulta Salon, Cosmetics & Fragrance, Inc. (a)	8,488		1,025,435
Urban Outfitters, Inc. (a)	14,198		431,051
Williams-Sonoma, Inc.	12,617		820,484
			32,014,682
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Textiles, Apparel & Luxury Goods - 1.6%
Carter's, Inc.	7,065		$ 551,988
Coach, Inc.	36,465		1,253,667
Deckers Outdoor Corp. (a)	4,667		408,176
Fossil Group, Inc. (a)	6,387		649,302
Hanesbrands, Inc.	13,190		1,392,996
Kate Spade & Co. (a)(d)	16,798		455,730
Michael Kors Holdings Ltd. (a)	27,183		2,136,312
PVH Corp.	10,872		1,243,213
Ralph Lauren Corp.	7,814		1,288,060
Under Armour, Inc. Class A (sub. vtg.) (a)(d)	22,934		1,504,012
VF Corp.	46,026		3,115,040
			13,998,496
TOTAL CONSUMER DISCRETIONARY			142,280,620
CONSUMER STAPLES - 5.6%
Beverages - 1.2%
Brown-Forman Corp. Class B (non-vtg.)	20,525		1,902,052
Coca-Cola Enterprises, Inc.	33,216		1,439,914
Constellation Brands, Inc. Class A (sub. vtg.) (a)	21,334		1,952,914
Dr. Pepper Snapple Group, Inc.	26,245		1,817,466
Molson Coors Brewing Co. Class B	18,031		1,341,146
Monster Beverage Corp. (a)	19,058		1,922,571
			10,376,063
Food & Staples Retailing - 0.9%
Kroger Co.	67,802		3,777,224
Rite Aid Corp. (a)	130,466		684,947
Safeway, Inc.	30,339		1,057,618
Sprouts Farmers Market LLC (a)(d)	12,719		370,250
Whole Foods Market, Inc.	48,991		1,926,816
			7,816,855
Food Products - 2.4%
Bunge Ltd.	19,682		1,744,809
Campbell Soup Co.	23,064		1,018,737
ConAgra Foods, Inc.	56,069		1,925,970
Flowers Foods, Inc.	22,954		436,126
Hormel Foods Corp.	17,760		957,442
Ingredion, Inc.	10,035		775,204
Keurig Green Mountain, Inc.	18,813		2,854,873
McCormick & Co., Inc. (non-vtg.)	17,330		1,225,578
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Mead Johnson Nutrition Co. Class A	26,976		$ 2,678,987
Pilgrims Pride Corp. (a)(d)	8,191		232,706
Pinnacle Foods, Inc.	7,113		240,419
The Hain Celestial Group, Inc. (a)	6,710		726,358
The Hershey Co.	19,897		1,908,321
The J.M. Smucker Co.	13,763		1,431,352
Tyson Foods, Inc. Class A	38,613		1,558,035
WhiteWave Foods Co. (a)	23,302		867,533
			20,582,450
Household Products - 0.5%
Church & Dwight Co., Inc.	17,987		1,302,439
Clorox Co.	17,203		1,711,699
Energizer Holdings, Inc.	8,143		998,739
Spectrum Brands Holdings, Inc.	2,771		251,025
			4,263,902
Personal Products - 0.2%
Avon Products, Inc.	58,522		608,629
Coty, Inc. Class A	8,540		141,764
Herbalife Ltd. (d)	10,080		528,797
Nu Skin Enterprises, Inc. Class A (d)	7,899		417,304
			1,696,494
Tobacco - 0.4%
Lorillard, Inc.	48,350		2,973,525
TOTAL CONSUMER STAPLES			47,709,289
ENERGY - 5.4%
Energy Equipment & Services - 1.4%
Atwood Oceanics, Inc.	8,403		341,582
Cameron International Corp. (a)	27,117		1,614,817
Diamond Offshore Drilling, Inc. (d)	8,824		332,753
Dresser-Rand Group, Inc. (a)	10,082		823,699
Dril-Quip, Inc. (a)	5,482		493,106
FMC Technologies, Inc. (a)	31,206		1,748,784
Frank's International NV (d)	4,824		83,118
Helmerich & Payne, Inc.	12,815		1,112,598
Nabors Industries Ltd.	39,714		708,895
Oceaneering International, Inc.	14,339		1,007,602
Oil States International, Inc. (a)	6,457		385,741
Patterson-UTI Energy, Inc.	18,954		436,511
Common Stocks - continued
	Shares		Value
ENERGY - continued
Energy Equipment & Services - continued
Rowan Companies PLC	16,926		$ 410,794
RPC, Inc.	8,532		139,925
Seadrill Ltd.	47,157		1,084,611
Seventy Seven Energy, Inc. (a)	4,391		57,387
Superior Energy Services, Inc.	21,102		530,715
Tidewater, Inc. (d)	6,615		243,895
Unit Corp. (a)	6,475		313,520
			11,870,053
Oil, Gas & Consumable Fuels - 4.0%
Antero Resources Corp. (d)	7,257		380,557
Athlon Energy, Inc. (a)	6,885		401,396
Cabot Oil & Gas Corp.	55,212		1,717,093
Cheniere Energy, Inc. (a)	31,661		2,374,575
Chesapeake Energy Corp.	69,817		1,548,541
Cimarex Energy Co.	11,497		1,306,864
Cobalt International Energy, Inc. (a)	46,986		550,206
Concho Resources, Inc. (a)	15,026		1,638,285
CONSOL Energy, Inc.	30,337		1,116,402
Continental Resources, Inc. (a)(d)	11,465		646,282
CVR Energy, Inc. (d)	2,281		110,811
Denbury Resources, Inc. (d)	47,516		589,198
Energen Corp.	9,694		656,284
EP Energy Corp. (d)	3,869		56,487
EQT Corp.	20,126		1,892,649
Golar LNG Ltd. (d)	6,786		380,762
Gulfport Energy Corp. (a)	11,549		579,529
HollyFrontier Corp.	26,383		1,197,261
Kosmos Energy Ltd. (a)	13,541		126,338
Laredo Petroleum Holdings, Inc. (a)(d)	10,199		193,373
Memorial Resource Development Corp.	6,687		181,151
Murphy Oil Corp.	24,044		1,283,709
Newfield Exploration Co. (a)	18,140		591,545
Noble Energy, Inc.	48,014		2,767,047
Oasis Petroleum, Inc. (a)	13,806		413,628
ONEOK, Inc.	27,724		1,634,053
PBF Energy, Inc. Class A	9,039		235,647
Peabody Energy Corp.	36,486		380,549
QEP Resources, Inc.	23,979		601,154
Range Resources Corp.	21,918		1,499,191
Rice Energy, Inc. (d)	7,166		189,397
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
SandRidge Energy, Inc. (a)(d)	67,739		$ 264,182
SM Energy Co.	8,897		500,901
Southwestern Energy Co. (a)	46,738		1,519,452
Targa Resources Corp.	4,998		642,893
Teekay Corp.	5,925		346,376
Tesoro Corp.	17,324		1,237,107
Ultra Petroleum Corp. (a)(d)	20,412		465,394
Whiting Petroleum Corp. (a)	15,744		964,163
World Fuel Services Corp.	9,374		386,584
WPX Energy, Inc. (a)	27,316		522,282
			34,089,298
TOTAL ENERGY			45,959,351
FINANCIALS - 20.6%
Banks - 2.8%
Associated Banc-Corp.	21,646		406,945
Bank of Hawaii Corp.	5,950		348,373
BankUnited, Inc.	13,670		408,733
BOK Financial Corp.	3,641		249,627
CIT Group, Inc.	25,883		1,266,455
City National Corp.	6,413		504,767
Comerica, Inc.	24,318		1,160,941
Commerce Bancshares, Inc. (d)	11,065		500,802
Cullen/Frost Bankers, Inc.	6,914		558,720
East West Bancorp, Inc.	18,823		691,933
Fifth Third Bancorp	113,140		2,261,669
First Horizon National Corp.	32,061		412,304
First Niagara Financial Group, Inc.	47,988		359,430
First Republic Bank	18,280		931,000
Fulton Financial Corp.	24,177		287,223
Huntington Bancshares, Inc.	109,140		1,081,577
KeyCorp	117,970		1,557,204
M&T Bank Corp.	17,485		2,136,317
PacWest Bancorp	13,641		581,925
Popular, Inc. (a)	13,991		446,033
Regions Financial Corp.	183,104		1,818,223
Signature Bank (a)	6,662		806,968
SunTrust Banks, Inc.	70,870		2,773,852
SVB Financial Group (a)	6,671		747,085
Synovus Financial Corp.	18,430		467,385
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
TCF Financial Corp.	22,674		$ 350,313
Zions Bancorporation	27,078		784,450
			23,900,254
Capital Markets - 2.3%
Affiliated Managers Group, Inc. (a)	7,297		1,457,868
Ameriprise Financial, Inc.	25,263		3,187,433
Artisan Partners Asset Management, Inc.	3,788		183,642
E*TRADE Financial Corp. (a)	38,806		865,374
Eaton Vance Corp. (non-vtg.)	15,972		588,249
Federated Investors, Inc. Class B (non-vtg.)	12,762		399,068
Invesco Ltd.	57,721		2,335,969
Lazard Ltd. Class A	16,232		798,777
Legg Mason, Inc.	13,825		718,900
LPL Financial	11,758		486,664
Northern Trust Corp.	31,468		2,086,328
NorthStar Asset Management Group, Inc.	24,713		447,800
Raymond James Financial, Inc.	16,573		930,242
SEI Investments Co.	17,800		688,148
T. Rowe Price Group, Inc.	34,983		2,871,754
TD Ameritrade Holding Corp.	35,732		1,205,598
Waddell & Reed Financial, Inc. Class A	11,306		539,748
			19,791,562
Consumer Finance - 0.4%
Ally Financial, Inc. (a)	35,990		816,973
Navient Corp.	55,727		1,102,280
Santander Consumer U.S.A. Holdings, Inc.	11,600		214,600
SLM Corp.	56,368		538,314
Synchrony Financial (a)	17,185		464,339
			3,136,506
Diversified Financial Services - 1.6%
CBOE Holdings, Inc.	11,261		663,723
Interactive Brokers Group, Inc.	6,775		174,931
IntercontinentalExchange Group, Inc.	15,311		3,189,128
Leucadia National Corp.	49,337		1,173,234
McGraw Hill Financial, Inc.	36,276		3,282,252
Moody's Corp.	25,269		2,507,443
MSCI, Inc. Class A	15,521		724,210
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Diversified Financial Services - continued
The NASDAQ OMX Group, Inc.	15,655		$ 677,235
Voya Financial, Inc.	19,068		748,419
			13,140,575
Insurance - 4.4%
Alleghany Corp. (a)	2,179		968,086
Allied World Assurance Co.	13,134		499,092
American Financial Group, Inc.	9,757		583,761
American National Insurance Co.	897		102,330
Aon PLC	39,493		3,396,398
Arch Capital Group Ltd. (a)	17,889		1,007,508
Arthur J. Gallagher & Co.	20,810		992,637
Aspen Insurance Holdings Ltd.	8,780		383,071
Assurant, Inc.	9,707		662,212
Assured Guaranty Ltd.	22,363		516,138
Axis Capital Holdings Ltd.	14,341		690,376
Brown & Brown, Inc.	15,959		508,454
Cincinnati Financial Corp.	21,631		1,091,717
CNA Financial Corp.	3,623		141,587
Endurance Specialty Holdings Ltd.	6,022		348,975
Erie Indemnity Co. Class A	3,170		269,038
Everest Re Group Ltd.	6,071		1,036,016
FNF Group	36,929		1,101,961
FNFV Group (a)	11,572		155,528
Genworth Financial, Inc. Class A (a)	66,057		924,137
Hanover Insurance Group, Inc.	5,959		398,895
Hartford Financial Services Group, Inc.	59,842		2,368,546
HCC Insurance Holdings, Inc.	13,016		679,305
Lincoln National Corp.	34,930		1,912,767
Loews Corp.	43,480		1,895,728
Markel Corp. (a)	1,869		1,291,273
MBIA, Inc. (a)	18,606		181,595
Mercury General Corp.	3,723		197,766
Old Republic International Corp.	34,754		513,317
PartnerRe Ltd.	6,700		775,123
Principal Financial Group, Inc.	38,968		2,040,754
ProAssurance Corp.	8,028		375,550
Progressive Corp.	78,504		2,073,291
Protective Life Corp.	10,404		724,951
Reinsurance Group of America, Inc.	9,137		769,792
RenaissanceRe Holdings Ltd. (d)	5,359		553,745
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
StanCorp Financial Group, Inc.	5,844		$ 406,509
Torchmark Corp.	17,590		931,566
Unum Group	34,087		1,140,551
Validus Holdings Ltd.	11,871		472,228
W.R. Berkley Corp.	13,389		690,069
White Mountains Insurance Group Ltd.	820		512,434
XL Group PLC Class A	36,342		1,231,267
			37,516,044
Real Estate Investment Trusts - 8.3%
Alexandria Real Estate Equities, Inc.	9,419		781,777
American Campus Communities, Inc.	14,045		551,547
American Capital Agency Corp.	47,337		1,076,443
American Homes 4 Rent Class A	20,381		357,279
American Realty Capital Properties, Inc.	120,291		1,066,981
Annaly Capital Management, Inc.	126,687		1,445,499
Apartment Investment & Management Co. Class A	19,147		685,271
AvalonBay Communities, Inc.	17,315		2,698,370
BioMed Realty Trust, Inc.	25,537		554,664
Boston Properties, Inc.	20,299		2,572,898
Brandywine Realty Trust (SBI)	24,222		373,745
Brixmor Property Group, Inc.	6,359		154,905
Camden Property Trust (SBI)	11,471		879,482
CBL & Associates Properties, Inc.	21,553		412,309
CBS Outdoor Americas, Inc.	15,893		483,624
Chimera Investment Corp.	135,018		421,256
Columbia Property Trust, Inc.	16,962		427,951
Corporate Office Properties Trust (SBI)	11,275		308,259
Corrections Corp. of America	15,375		565,493
Crown Castle International Corp.	44,400		3,468,528
DDR Corp.	39,322		713,301
Digital Realty Trust, Inc. (d)	17,927		1,236,784
Douglas Emmett, Inc.	19,435		546,707
Duke Realty LP	43,340		821,726
Equity Commonwealth	17,351		463,445
Equity Lifestyle Properties, Inc.	10,949		537,596
Essex Property Trust, Inc.	8,316		1,677,836
Extra Space Storage, Inc.	15,432		897,525
Federal Realty Investment Trust (SBI)	8,998		1,185,936
Gaming & Leisure Properties (d)	11,007		343,969
General Growth Properties, Inc.	75,519		1,956,697
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
HCP, Inc.	60,774		$ 2,672,233
Health Care REIT, Inc.	43,444		3,089,303
Healthcare Trust of America, Inc.	32,120		412,421
Home Properties, Inc.	7,639		491,264
Hospitality Properties Trust (SBI)	19,955		590,868
Host Hotels & Resorts, Inc.	100,731		2,348,040
Iron Mountain, Inc.	22,982		828,961
Kilroy Realty Corp.	10,808		732,134
Kimco Realty Corp.	54,906		1,369,905
Liberty Property Trust (SBI)	19,813		688,898
MFA Financial, Inc.	49,852		417,760
Mid-America Apartment Communities, Inc.	9,995		706,247
National Retail Properties, Inc.	16,087		613,236
NorthStar Realty Finance Corp.	28,973		538,318
Omega Healthcare Investors, Inc.	16,541		631,205
Piedmont Office Realty Trust, Inc. Class A (d)	20,059		390,148
Plum Creek Timber Co., Inc.	23,438		961,192
Post Properties, Inc.	7,247		405,397
Prologis, Inc.	66,359		2,763,852
Rayonier, Inc.	16,697		558,849
Realty Income Corp.	29,626		1,363,685
Regency Centers Corp.	12,302		746,731
Retail Properties America, Inc.	31,267		490,579
Senior Housing Properties Trust (SBI)	27,064		611,376
SL Green Realty Corp.	12,724		1,472,167
Spirit Realty Capital, Inc.	53,627		638,161
Starwood Property Trust, Inc. (d)	29,590		667,550
Tanger Factory Outlet Centers, Inc.	12,341		441,438
Taubman Centers, Inc.	8,527		648,478
The Macerich Co.	18,589		1,310,525
Two Harbors Investment Corp.	48,744		493,777
UDR, Inc.	33,268		1,005,692
Ventas, Inc.	39,280		2,691,073
Vornado Realty Trust	25,070		2,744,664
Washington Prime Group, Inc. (d)	20,174		355,668
Weingarten Realty Investors (SBI)	16,307		591,129
Weyerhaeuser Co.	69,839		2,364,749
WP Carey, Inc.	13,235		896,274
			70,411,750
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - 0.5%
CBRE Group, Inc. (a)	37,481		$ 1,199,392
Forest City Enterprises, Inc. Class A (a)	22,586		471,822
Howard Hughes Corp. (a)	5,248		773,450
Jones Lang LaSalle, Inc.	5,870		793,683
Realogy Holdings Corp. (a)	19,540		801,335
			4,039,682
Thrifts & Mortgage Finance - 0.3%
Hudson City Bancorp, Inc.	70,472		680,055
Nationstar Mortgage Holdings, Inc. (a)	2,952		103,674
New York Community Bancorp, Inc.	58,569		934,176
Ocwen Financial Corp. (a)	14,130		332,903
People's United Financial, Inc.	41,201		602,359
TFS Financial Corp.	10,029		149,833
			2,803,000
TOTAL FINANCIALS			174,739,373
HEALTH CARE - 11.5%
Biotechnology - 1.6%
Alkermes PLC (a)	19,166		968,841
Alnylam Pharmaceuticals, Inc. (a)	8,838		819,636
BioMarin Pharmaceutical, Inc. (a)	19,364		1,597,530
Cubist Pharmaceuticals, Inc. (a)	10,305		744,948
Incyte Corp. (a)	19,135		1,283,193
Intercept Pharmaceuticals, Inc. (a)	1,675		432,803
Medivation, Inc. (a)	10,229		1,081,205
Myriad Genetics, Inc. (a)(d)	9,740		384,633
Pharmacyclics, Inc. (a)(d)	8,057		1,052,808
Seattle Genetics, Inc. (a)(d)	13,411		491,781
United Therapeutics Corp. (a)	6,337		829,957
Vertex Pharmaceuticals, Inc. (a)	31,436		3,540,951
			13,228,286
Health Care Equipment & Supplies - 2.7%
Alere, Inc. (a)	10,739		429,238
Align Technology, Inc. (a)	10,799		568,243
Boston Scientific Corp. (a)	176,028		2,337,652
C.R. Bard, Inc.	10,156		1,665,279
CareFusion Corp. (a)	27,408		1,572,397
DENTSPLY International, Inc.	18,900		959,553
Edwards Lifesciences Corp. (a)	13,962		1,688,285
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Hill-Rom Holdings, Inc.	7,813		$ 347,522
Hologic, Inc. (a)(d)	32,065		839,782
IDEXX Laboratories, Inc. (a)	6,457		914,763
Intuitive Surgical, Inc. (a)	4,785		2,372,403
ResMed, Inc. (d)	18,534		967,845
Sirona Dental Systems, Inc. (a)	7,577		595,173
St. Jude Medical, Inc.	37,811		2,426,332
Teleflex, Inc.	5,479		625,263
The Cooper Companies, Inc.	6,322		1,036,176
Varian Medical Systems, Inc. (a)(d)	13,773		1,158,585
Zimmer Holdings, Inc.	22,314		2,482,209
			22,986,700
Health Care Providers & Services - 3.6%
AmerisourceBergen Corp.	30,019		2,563,923
Brookdale Senior Living, Inc. (a)	22,841		769,970
Cardinal Health, Inc.	45,299		3,555,066
Catamaran Corp. (a)	27,328		1,302,084
Centene Corp. (a)	7,596		703,921
Cigna Corp.	35,824		3,566,996
Community Health Systems, Inc. (a)	15,460		849,836
DaVita HealthCare Partners, Inc. (a)	23,722		1,851,977
Envision Healthcare Holdings, Inc. (a)	10,565		369,247
HCA Holdings, Inc. (a)	43,401		3,040,240
Health Net, Inc. (a)	10,651		506,029
Henry Schein, Inc. (a)	11,279		1,353,818
Humana, Inc.	20,593		2,859,338
Laboratory Corp. of America Holdings (a)(d)	11,257		1,230,278
LifePoint Hospitals, Inc. (a)	5,993		419,510
MEDNAX, Inc. (a)	13,649		852,107
Omnicare, Inc.	13,244		881,918
Patterson Companies, Inc.	11,519		496,584
Premier, Inc. (a)	4,432		147,940
Quest Diagnostics, Inc.	19,160		1,215,894
Tenet Healthcare Corp. (a)	12,850		720,243
Universal Health Services, Inc. Class B	11,845		1,228,445
VCA, Inc. (a)	11,761		535,949
			31,021,313
Health Care Technology - 0.5%
Allscripts Healthcare Solutions, Inc. (a)	24,192		331,914
athenahealth, Inc. (a)	5,070		621,075
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Technology - continued
Cerner Corp. (a)	39,654		$ 2,511,684
IMS Health Holdings, Inc.	9,621		233,309
Veeva Systems, Inc. Class A	4,959		147,679
			3,845,661
Life Sciences Tools & Services - 1.4%
Agilent Technologies, Inc.	44,348		2,451,557
Bio-Rad Laboratories, Inc. Class A (a)	2,845		320,973
Bruker BioSciences Corp. (a)	14,636		303,404
Charles River Laboratories International, Inc. (a)	6,289		397,213
Covance, Inc. (a)	7,740		618,426
Illumina, Inc. (a)	18,552		3,572,744
Mettler-Toledo International, Inc. (a)	3,854		996,143
PerkinElmer, Inc.	15,183		659,246
QIAGEN NV (a)(d)	31,017		727,659
Quintiles Transnational Holdings, Inc. (a)	7,619		446,016
Techne Corp.	4,941		449,878
Waters Corp. (a)	11,231		1,244,395
			12,187,654
Pharmaceuticals - 1.7%
Endo Health Solutions, Inc. (a)	20,120		1,346,430
Hospira, Inc. (a)	22,251		1,194,879
Jazz Pharmaceuticals PLC (a)	7,888		1,331,810
Mallinckrodt PLC (a)	15,122		1,393,946
Mylan, Inc. (a)	49,745		2,663,845
Perrigo Co. PLC	17,808		2,875,102
Salix Pharmaceuticals Ltd. (a)(d)	8,496		1,222,150
Zoetis, Inc. Class A	66,588		2,474,410
			14,502,572
TOTAL HEALTH CARE			97,772,186
INDUSTRIALS - 12.9%
Aerospace & Defense - 1.2%
Alliant Techsystems, Inc.	4,202		491,466
BE Aerospace, Inc. (a)	14,034		1,044,831
Exelis, Inc.	25,681		458,406
Hexcel Corp. (a)	13,129		549,974
Huntington Ingalls Industries, Inc.	6,582		696,507
L-3 Communications Holdings, Inc.	11,445		1,390,110
Rockwell Collins, Inc.	17,978		1,512,849
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
Spirit AeroSystems Holdings, Inc. Class A (a)	16,228		$ 638,410
Textron, Inc.	36,937		1,533,994
TransDigm Group, Inc.	7,051		1,318,749
Triumph Group, Inc.	7,013		488,315
Vectrus, Inc. (a)	1,361		33,263
			10,156,874
Air Freight & Logistics - 0.3%
C.H. Robinson Worldwide, Inc.	19,730		1,365,513
Expeditors International of Washington, Inc.	26,217		1,118,417
			2,483,930
Airlines - 1.0%
Alaska Air Group, Inc.	18,302		974,215
Copa Holdings SA Class A (d)	4,430		517,956
Southwest Airlines Co.	92,290		3,182,159
Spirit Airlines, Inc. (a)	9,646		705,219
United Continental Holdings, Inc. (a)	49,706		2,624,974
			8,004,523
Building Products - 0.6%
A.O. Smith Corp.	9,917		529,072
Allegion PLC	12,886		684,118
Armstrong World Industries, Inc. (a)	5,941		287,663
Fortune Brands Home & Security, Inc.	22,026		952,625
Lennox International, Inc.	6,491		577,180
Masco Corp.	47,124		1,040,027
Owens Corning	15,753		505,041
USG Corp. (a)(d)	12,605		338,570
			4,914,296
Commercial Services & Supplies - 1.3%
ADT Corp. (d)	23,187		831,022
Cintas Corp.	13,304		974,385
Clean Harbors, Inc. (a)(d)	8,169		405,427
Copart, Inc. (a)	14,702		491,635
Covanta Holding Corp.	14,237		314,211
KAR Auction Services, Inc.	18,320		556,195
Pitney Bowes, Inc.	26,711		660,830
R.R. Donnelley & Sons Co. (d)	26,861		468,724
Republic Services, Inc.	35,559		1,365,466
Rollins, Inc.	8,338		265,732
Stericycle, Inc. (a)	11,345		1,429,470
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Tyco International Ltd.	61,396		$ 2,635,730
Waste Connections, Inc.	16,295		813,121
			11,211,948
Construction & Engineering - 0.6%
AECOM Technology Corp. (a)	19,760		643,188
Chicago Bridge & Iron Co. NV	13,094		715,456
Fluor Corp.	21,066		1,397,518
Foster Wheeler AG	13,439		417,012
Jacobs Engineering Group, Inc. (a)	17,697		839,723
KBR, Inc.	20,132		384,119
Quanta Services, Inc. (a)	28,500		971,280
			5,368,296
Electrical Equipment - 0.8%
Acuity Brands, Inc.	5,766		803,953
AMETEK, Inc.	32,518		1,695,814
Babcock & Wilcox Co.	14,959		427,827
Hubbell, Inc. Class B	7,896		895,485
Regal-Beloit Corp.	6,109		433,556
Rockwell Automation, Inc.	18,473		2,075,442
SolarCity Corp. (a)(d)	5,538		327,739
			6,659,816
Industrial Conglomerates - 0.3%
Carlisle Companies, Inc.	8,500		755,480
Roper Industries, Inc.	13,314		2,107,606
			2,863,086
Machinery - 3.8%
AGCO Corp.	12,374		548,292
Allison Transmission Holdings, Inc.	18,132		588,927
Colfax Corp. (a)	12,799		696,010
Crane Co.	6,446		401,908
Donaldson Co., Inc.	18,943		787,650
Dover Corp.	22,246		1,767,222
Flowserve Corp.	18,280		1,242,857
Graco, Inc. (d)	8,073		633,731
IDEX Corp.	10,633		796,518
Ingersoll-Rand PLC	36,068		2,258,578
ITT Corp.	12,010		541,171
Joy Global, Inc. (d)	13,298		699,874
Kennametal, Inc.	10,628		410,347
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Lincoln Electric Holdings, Inc.	10,699		$ 775,464
Manitowoc Co., Inc.	18,339		382,185
Middleby Corp. (a)	7,535		666,848
Navistar International Corp. (a)(d)	7,460		263,860
Nordson Corp.	8,636		661,086
Oshkosh Truck Corp.	11,311		506,280
PACCAR, Inc.	47,236		3,085,456
Pall Corp.	14,688		1,342,777
Parker Hannifin Corp.	19,845		2,520,910
Pentair PLC	25,610		1,717,151
Snap-On, Inc.	7,688		1,015,892
SPX Corp.	5,813		551,014
Stanley Black & Decker, Inc.	20,818		1,949,398
Terex Corp.	14,772		424,990
Timken Co.	11,041		474,653
Toro Co.	7,379		455,506
Trinity Industries, Inc.	20,637		736,947
Valmont Industries, Inc. (d)	3,585		488,169
WABCO Holdings, Inc. (a)	7,490		729,376
Wabtec Corp.	12,774		1,102,396
Xylem, Inc.	24,429		888,238
			32,111,681
Marine - 0.1%
Kirby Corp. (a)	7,572		837,312
Professional Services - 1.0%
Dun & Bradstreet Corp.	4,934		605,945
Equifax, Inc.	16,150		1,223,201
IHS, Inc. Class A (a)	9,052		1,186,084
Manpower, Inc.	10,617		708,685
Nielsen Holdings B.V.	37,333		1,586,279
Robert Half International, Inc.	18,363		1,005,925
Towers Watson & Co.	8,629		951,692
Verisk Analytics, Inc. (a)	22,013		1,372,511
			8,640,322
Road & Rail - 0.9%
AMERCO	964		261,360
Avis Budget Group, Inc. (a)	13,846		771,915
Con-way, Inc.	7,618		330,393
Genesee & Wyoming, Inc. Class A (a)	7,034		676,671
Hertz Global Holdings, Inc. (a)	59,114		1,295,779
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Road & Rail - continued
J.B. Hunt Transport Services, Inc.	12,230		$ 975,587
Kansas City Southern	14,743		1,810,293
Landstar System, Inc.	5,946		440,063
Old Dominion Freight Lines, Inc. (a)	8,331		607,080
Ryder System, Inc.	7,091		627,341
			7,796,482
Trading Companies & Distributors - 1.0%
Air Lease Corp. Class A	13,641		499,124
Fastenal Co.	39,276		1,729,715
GATX Corp.	6,224		394,602
HD Supply Holdings, Inc. (a)	13,767		397,040
MRC Global, Inc. (a)	13,483		283,547
MSC Industrial Direct Co., Inc. Class A	6,350		514,160
Now, Inc. (d)	14,415		433,315
United Rentals, Inc. (a)(d)	12,989		1,429,569
Veritiv Corp. (a)(d)	909		41,003
W.W. Grainger, Inc.	7,773		1,918,376
WESCO International, Inc. (a)(d)	5,838		481,110
			8,121,561
TOTAL INDUSTRIALS			109,170,127
INFORMATION TECHNOLOGY - 14.3%
Communications Equipment - 1.0%
Arista Networks, Inc. (d)	814		66,138
Arris Group, Inc. (a)	16,832		505,297
Brocade Communications Systems, Inc.	57,349		615,355
CommScope Holding Co., Inc.	8,239		177,468
EchoStar Holding Corp. Class A (a)	5,541		258,931
F5 Networks, Inc. (a)(d)	10,039		1,234,596
Harris Corp.	14,150		984,840
JDS Uniphase Corp. (a)	30,818		414,810
Juniper Networks, Inc.	62,919		1,325,703
Motorola Solutions, Inc.	29,967		1,932,872
Palo Alto Networks, Inc. (a)	7,263		767,699
Riverbed Technology, Inc. (a)	20,856		396,055
			8,679,764
Electronic Equipment & Components - 1.1%
Amphenol Corp. Class A	41,918		2,120,212
Arrow Electronics, Inc. (a)	13,094		744,525
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Avnet, Inc.	18,199		$ 787,107
AVX Corp.	6,726		97,123
CDW Corp.	11,608		357,991
Dolby Laboratories, Inc. Class A	6,109		256,089
FLIR Systems, Inc.	18,613		624,094
Ingram Micro, Inc. Class A (a)	20,546		551,455
IPG Photonics Corp. (a)(d)	4,544		333,575
Jabil Circuit, Inc.	26,967		564,959
Knowles Corp. (a)(d)	11,716		227,993
National Instruments Corp.	13,599		430,816
Tech Data Corp. (a)	5,193		310,126
Trimble Navigation Ltd. (a)(d)	34,782		934,245
Vishay Intertechnology, Inc. (d)	18,427		248,949
Zebra Technologies Corp. Class A (a)	6,759		498,476
			9,087,735
Internet Software & Services - 1.6%
Akamai Technologies, Inc. (a)	23,600		1,423,080
AOL, Inc. (a)	10,731		467,120
CoStar Group, Inc. (a)	4,323		696,392
Equinix, Inc.	7,028		1,468,149
IAC/InterActiveCorp	9,986		675,952
LinkedIn Corp. (a)	13,878		3,177,507
Pandora Media, Inc. (a)	27,097		522,430
Rackspace Hosting, Inc. (a)	15,448		592,585
Twitter, Inc.	63,970		2,652,836
VeriSign, Inc. (a)(d)	14,800		884,448
Yelp, Inc. (a)(d)	6,711		402,660
Zillow, Inc. (a)(d)	4,136		449,707
			13,412,866
IT Services - 2.8%
Alliance Data Systems Corp. (a)	7,224		2,046,920
Amdocs Ltd.	21,239		1,009,702
Booz Allen Hamilton Holding Corp. Class A	9,725		256,254
Broadridge Financial Solutions, Inc.	16,120		708,152
Computer Sciences Corp.	19,122		1,154,969
CoreLogic, Inc. (a)	12,351		387,451
DST Systems, Inc.	4,060		391,181
Fidelity National Information Services, Inc.	38,354		2,239,490
Fiserv, Inc. (a)	33,008		2,293,396
FleetCor Technologies, Inc. (a)	11,080		1,668,205
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
Gartner, Inc. Class A (a)	12,050		$ 972,556
Genpact Ltd. (a)	20,957		367,795
Global Payments, Inc.	8,946		720,153
Jack Henry & Associates, Inc.	11,168		668,070
Leidos Holdings, Inc.	8,725		319,073
Paychex, Inc.	43,304		2,032,690
Sabre Corp. (d)	6,485		111,542
Teradata Corp. (a)(d)	20,883		883,769
The Western Union Co.	71,370		1,210,435
Total System Services, Inc.	22,417		757,470
Vantiv, Inc. (a)	16,557		511,942
VeriFone Systems, Inc. (a)	14,856		553,535
Xerox Corp.	155,523		2,065,345
			23,330,095
Semiconductors & Semiconductor Equipment - 3.4%
Advanced Micro Devices, Inc. (a)(d)	82,065		229,782
Altera Corp.	41,623		1,430,583
Analog Devices, Inc.	41,940		2,081,063
Applied Materials, Inc.	161,906		3,576,504
Atmel Corp. (a)	55,000		408,100
Avago Technologies Ltd.	33,231		2,866,174
Broadcom Corp. Class A	71,408		2,990,567
Cree, Inc. (a)(d)	16,120		507,458
First Solar, Inc. (a)(d)	9,740		573,686
Freescale Semiconductor, Inc. (a)(d)	13,557		269,649
KLA-Tencor Corp.	22,206		1,757,605
Lam Research Corp.	21,638		1,684,735
Linear Technology Corp.	31,738		1,359,656
Marvell Technology Group Ltd.	53,474		718,691
Maxim Integrated Products, Inc.	37,400		1,097,316
Microchip Technology, Inc. (d)	26,508		1,142,760
NVIDIA Corp. (d)	74,719		1,460,009
ON Semiconductor Corp. (a)	59,895		496,530
Skyworks Solutions, Inc.	25,152		1,464,852
SunEdison, Inc. (a)(d)	35,736		697,209
SunPower Corp. (a)(d)	5,973		190,180
Teradyne, Inc.	27,371		503,626
Xilinx, Inc.	35,915		1,597,499
			29,104,234
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - 3.2%
Activision Blizzard, Inc.	65,776		$ 1,312,231
ANSYS, Inc. (a)	12,414		975,244
Autodesk, Inc. (a)	30,097		1,731,781
CA Technologies, Inc.	42,405		1,232,289
Cadence Design Systems, Inc. (a)	38,741		695,401
Citrix Systems, Inc. (a)	21,660		1,391,222
Concur Technologies, Inc. (a)	6,349		814,704
Electronic Arts, Inc. (a)	41,976		1,719,757
FactSet Research Systems, Inc. (d)	5,671		745,396
FireEye, Inc. (a)(d)	11,224		381,504
Fortinet, Inc. (a)	18,415		479,711
Informatica Corp. (a)	14,817		528,374
Intuit, Inc.	37,752		3,322,554
NetSuite, Inc. (a)(d)	5,585		606,866
Nuance Communications, Inc. (a)(d)	34,608		534,001
Parametric Technology Corp. (a)	15,912		607,043
Red Hat, Inc. (a)	25,411		1,497,216
Rovi Corp. (a)	12,450		259,956
ServiceNow, Inc. (a)	19,221		1,305,683
SolarWinds, Inc. (a)	8,593		408,597
Solera Holdings, Inc.	9,120		473,784
Splunk, Inc. (a)	15,621		1,032,236
Symantec Corp.	92,037		2,284,358
Synopsys, Inc. (a)	20,753		850,458
Tableau Software, Inc. (a)	5,082		419,722
TIBCO Software, Inc. (a)	21,977		513,602
Workday, Inc. Class A (a)(d)	12,404		1,184,334
Zynga, Inc. (a)	92,781		236,592
			27,544,616
Technology Hardware, Storage & Peripherals - 1.2%
3D Systems Corp. (a)(d)	14,765		558,117
Diebold, Inc.	8,610		305,052
Lexmark International, Inc. Class A (d)	8,013		345,841
NCR Corp. (a)	22,084		611,064
NetApp, Inc.	44,317		1,896,768
SanDisk Corp.	30,114		2,834,932
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
Stratasys Ltd. (a)(d)	6,659		$ 801,477
Western Digital Corp.	29,629		2,914,605
			10,267,856
TOTAL INFORMATION TECHNOLOGY			121,427,166
MATERIALS - 5.7%
Chemicals - 2.7%
Airgas, Inc.	9,961		1,111,050
Albemarle Corp. (d)	10,717		625,658
Ashland, Inc.	10,426		1,126,738
Cabot Corp.	8,469		393,216
Celanese Corp. Class A	20,615		1,210,719
CF Industries Holdings, Inc.	6,943		1,805,180
Cytec Industries, Inc.	9,377		437,250
Eastman Chemical Co.	19,929		1,609,865
FMC Corp.	17,630		1,011,081
Huntsman Corp.	26,796		653,822
International Flavors & Fragrances, Inc.	10,871		1,077,860
NewMarket Corp.	1,208		468,716
Platform Specialty Products Corp. (a)	11,606		301,756
Rayonier Advanced Materials, Inc. (d)	5,263		150,153
Rockwood Holdings, Inc.	9,548		734,337
RPM International, Inc.	17,874		809,692
Sherwin-Williams Co.	11,507		2,641,547
Sigma Aldrich Corp.	15,798		2,147,106
The Mosaic Co.	44,670		1,979,328
The Scotts Miracle-Gro Co. Class A	6,072		359,705
Valspar Corp.	11,293		927,833
W.R. Grace & Co. (a)	10,113		956,690
Westlake Chemical Corp.	5,466		385,626
			22,924,928
Construction Materials - 0.3%
Eagle Materials, Inc.	6,675		583,595
Martin Marietta Materials, Inc.	8,324		973,242
Vulcan Materials Co.	17,303		1,067,768
			2,624,605
Containers & Packaging - 1.1%
Aptargroup, Inc.	8,769		545,783
Avery Dennison Corp.	12,783		598,884
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Containers & Packaging - continued
Ball Corp.	18,619		$ 1,199,622
Bemis Co., Inc.	13,540		520,884
Crown Holdings, Inc. (a)	18,444		884,021
Greif, Inc. Class A	4,119		181,483
MeadWestvaco Corp.	22,230		981,899
Owens-Illinois, Inc. (a)	22,109		569,749
Packaging Corp. of America	12,987		936,103
Rock-Tenn Co. Class A	19,019		972,822
Sealed Air Corp.	28,645		1,038,381
Silgan Holdings, Inc.	5,754		282,867
Sonoco Products Co.	13,663		558,407
			9,270,905
Metals & Mining - 1.2%
Alcoa, Inc.	156,232		2,618,448
Allegheny Technologies, Inc.	14,423		473,796
Carpenter Technology Corp.	7,294		365,065
Cliffs Natural Resources, Inc. (d)	19,530		219,322
Compass Minerals International, Inc.	4,360		373,565
Newmont Mining Corp.	66,102		1,240,074
Nucor Corp.	42,188		2,280,683
Reliance Steel & Aluminum Co.	10,603		715,490
Royal Gold, Inc.	8,446		482,689
Steel Dynamics, Inc.	31,795		731,603
Tahoe Resources, Inc. (a)	10,836		187,771
TimkenSteel Corp.	5,253		213,167
United States Steel Corp. (d)	19,379		775,935
			10,677,608
Paper & Forest Products - 0.4%
Domtar Corp.	8,459		347,411
International Paper Co.	57,669		2,919,205
			3,266,616
TOTAL MATERIALS			48,764,662
TELECOMMUNICATION SERVICES - 0.7%
Diversified Telecommunication Services - 0.4%
Frontier Communications Corp. (d)	133,559		873,476
Level 3 Communications, Inc. (a)	23,799		1,116,411
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
TW Telecom, Inc. (a)	18,352		$ 785,099
Windstream Holdings, Inc.	80,270		841,230
			3,616,216
Wireless Telecommunication Services - 0.3%
SBA Communications Corp. Class A (a)	17,167		1,928,369
Telephone & Data Systems, Inc.	11,076		283,989
U.S. Cellular Corp. (a)(d)	2,006		73,059
			2,285,417
TOTAL TELECOMMUNICATION SERVICES			5,901,633
UTILITIES - 6.1%
Electric Utilities - 2.3%
Edison International	43,367		2,713,907
Entergy Corp.	23,913		2,009,170
FirstEnergy Corp.	55,931		2,088,464
Great Plains Energy, Inc.	20,106		541,455
Hawaiian Electric Industries, Inc. (d)	13,688		385,454
ITC Holdings Corp.	20,914		828,404
Northeast Utilities	42,135		2,079,362
OGE Energy Corp.	26,337		982,107
Pepco Holdings, Inc.	33,221		908,262
Pinnacle West Capital Corp.	14,590		896,847
PPL Corp.	88,619		3,100,779
Westar Energy, Inc. (d)	16,938		640,426
Xcel Energy, Inc. (d)	66,829		2,236,767
			19,411,404
Gas Utilities - 0.4%
AGL Resources, Inc.	15,985		861,751
Atmos Energy Corp.	13,186		698,858
National Fuel Gas Co.	11,234		777,730
Questar Corp.	23,393		564,005
UGI Corp.	22,994		866,644
			3,768,988
Independent Power Producers & Energy Traders - 0.5%
Calpine Corp. (a)	56,738		1,294,761
NRG Energy, Inc.	44,742		1,341,365
The AES Corp.	96,160		1,352,971
			3,989,097
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Multi-Utilities - 2.7%
Alliant Energy Corp.	14,869		$ 920,540
Ameren Corp.	32,065		1,357,632
CenterPoint Energy, Inc.	56,826		1,395,078
CMS Energy Corp.	35,949		1,174,454
Consolidated Edison, Inc.	38,881		2,463,500
DTE Energy Co.	23,516		1,932,075
Integrys Energy Group, Inc.	10,659		774,696
MDU Resources Group, Inc.	25,440		716,899
NiSource, Inc.	41,991		1,766,141
Public Service Enterprise Group, Inc.	67,555		2,790,697
SCANA Corp.	18,824		1,033,249
Sempra Energy	32,625		3,588,750
TECO Energy, Inc.	30,928		606,498
Vectren Corp.	11,278		506,946
Wisconsin Energy Corp.	29,891		1,484,387
			22,511,542
Water Utilities - 0.2%
American Water Works Co., Inc.	23,767		1,268,445
Aqua America, Inc.	23,571		617,560
			1,886,005
TOTAL UTILITIES			51,567,036
TOTAL COMMON STOCKS (Cost $716,948,531)		845,291,443

U.S. Treasury Obligations - 0.0%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.05% to 0.06% 12/11/14 to 3/5/15 (e) (Cost $399,962)	$ 400,000	399,983

Money Market Funds - 7.5%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	6,436,535		$ 6,436,535
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	57,648,906		57,648,906
TOTAL MONEY MARKET FUNDS (Cost $64,085,441)		64,085,441
TOTAL INVESTMENT PORTFOLIO - 107.0% (Cost $781,433,934)		909,776,867
NET OTHER ASSETS (LIABILITIES) - (7.0)%			(59,857,489)
NET ASSETS - 100%		$ 849,919,378

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
32 CME E-mini S&P Midcap 400 Index Contracts (United States)	Dec. 2014	$ 4,529,280	$ 292,326

The face value of futures purchased as a percentage of net assets is 0.5%

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $392,983.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 4,370
Fidelity Securities Lending Cash Central Fund	162,515
Total	$ 166,885

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 142,280,620	$ 142,280,620	$ -	$ -
Consumer Staples	47,709,289	47,709,289	-	-
Energy	45,959,351	45,959,351	-	-
Financials	174,739,373	174,739,373	-	-
Health Care	97,772,186	97,772,186	-	-
Industrials	109,170,127	109,170,127	-	-
Information Technology	121,427,166	121,427,166	-	-
Materials	48,764,662	48,764,662	-	-
Telecommunication Services	5,901,633	5,901,633	-	-
Utilities	51,567,036	51,567,036	-	-
U.S. Government and Government Agency Obligations	399,983	-	399,983	-
Money Market Funds	64,085,441	64,085,441	-	-
Total Investments in Securities:	$ 909,776,867	$ 909,376,884	$ 399,983	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 292,326	$ 292,326	$ -	$ -

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Equity Risk
Futures Contracts (a)	$ 292,326	$ -
Total Value of Derivatives	$ 292,326	$ -

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Mid Cap Index

Financial Statements

Statement of Assets and Liabilities

	October 31, 2014 (Unaudited)

Assets
Investment in securities, at value (including securities loaned of $57,137,398) - See accompanying schedule: Unaffiliated issuers (cost $717,348,493)	$ 845,691,426
Fidelity Central Funds (cost $64,085,441)	64,085,441
Total Investments (cost $781,433,934)		$ 909,776,867
Receivable for investments sold		731,059
Receivable for fund shares sold		2,986,550
Dividends receivable		488,660
Distributions receivable from Fidelity Central Funds		38,604
Receivable for daily variation margin for derivative instruments		88,464
Receivable from investment adviser for expense reductions		74,431
Other receivables		65
Total assets		914,184,700

Liabilities
Payable to custodian bank	$ 186
Payable for investments purchased	5,767,748
Payable for fund shares redeemed	721,130
Accrued management fee	79,102
Other affiliated payables	48,250
Collateral on securities loaned, at value	57,648,906
Total liabilities		64,265,322

Net Assets		$ 849,919,378
Net Assets consist of:
Paid in capital		$ 705,898,373
Undistributed net investment income		5,306,060
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		10,079,686
Net unrealized appreciation (depreciation) on investments		128,635,259
Net Assets		$ 849,919,378

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Assets and Liabilities - continued

	October 31, 2014 (Unaudited)

Investor Class: Net Asset Value, offering price and redemption price per share ($24,035,828 ÷ 1,388,899 shares)		$ 17.31

Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($686,961,752 ÷ 39,638,540 shares)		$ 17.33

Institutional Class: Net Asset Value, offering price and redemption price per share ($119,070,788 ÷ 6,868,914 shares)		$ 17.33

Fidelity Advantage Institutional Class: Net Asset Value, offering price and redemption price per share ($19,851,010 ÷ 1,145,171 shares)		$ 17.33

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Mid Cap Index
Financial Statements - continued

Statement of Operations

Six months ended October 31, 2014 (Unaudited)

Investment Income
Dividends		$ 5,394,870
Interest		155
Income from Fidelity Central Funds (including $162,515 from security lending)		166,885
Total income		5,561,910

Expenses
Management fee	$ 437,248
Transfer agent fees	271,510
Independent trustees' compensation	1,568
Miscellaneous	482
Total expenses before reductions	710,808
Expense reductions	(415,908)	294,900
Net investment income (loss)		5,267,010
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers	10,757,389
Foreign currency transactions	22
Futures contracts	(130,474)
Total net realized gain (loss)		10,626,937
Change in net unrealized appreciation (depreciation) on: Investment securities	31,861,610
Futures contracts	247,412
Total change in net unrealized appreciation (depreciation)		32,109,022
Net gain (loss)		42,735,959
Net increase (decrease) in net assets resulting from operations		$ 48,002,969

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended October 31, 2014 (Unaudited)	Year ended April 30, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 5,267,010	$ 6,577,922
Net realized gain (loss)	10,626,937	3,526,115
Change in net unrealized appreciation (depreciation)	32,109,022	68,898,450
Net increase (decrease) in net assets resulting from operations	48,002,969	79,002,487
Distributions to shareholders from net investment income	(2,363,383)	(4,447,495)
Distributions to shareholders from net realized gain	(1,040,816)	(3,210,300)
Total distributions	(3,404,199)	(7,657,795)
Share transactions - net increase (decrease)	177,908,365	308,161,972
Redemption fees	8,829	40,938
Total increase (decrease) in net assets	222,515,964	379,547,602

Net Assets
Beginning of period	627,403,414	247,855,812
End of period (including undistributed net investment income of $5,306,060 and undistributed net investment income of $2,402,433, respectively)	$ 849,919,378	$ 627,403,414

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Investor Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.26	$ 13.66	$ 11.68	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.11	.20	.18	.09
Net realized and unrealized gain (loss)	1.02	2.65	1.99	1.64
Total from investment operations	1.13	2.85	2.17	1.73
Distributions from net investment income	(.05)	(.13)	(.15)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.08)	(.25) ^J	(.19)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.31	$ 16.26	$ 13.66	$ 11.68
Total Return^{B, C}	6.93%	20.99%	18.93%	17.37%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.33% ^A	.33%	.33%	.33% ^A
Expenses net of fee waivers, if any	.22% ^A	.22%	.25%	.26% ^A
Expenses net of all reductions	.22% ^A	.22%	.25%	.26% ^A
Net investment income (loss)	1.30% ^A	1.35%	1.56%	1.24% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,036	$ 15,099	$ 5,140	$ 7,794
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.25 per share is comprised of distributions from net investment income of $.134 and distributions from net realized gain of $.111 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.28	$ 13.68	$ 11.69	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.21	.10
Net realized and unrealized gain (loss)	1.02	2.64	1.98	1.64
Total from investment operations	1.14	2.87	2.19	1.74
Distributions from net investment income	(.06)	(.16)	(.16)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.20)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.28	$ 13.68	$ 11.69
Total Return^{B, C}	6.99%	21.14%	19.10%	17.48%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.20% ^A	.20%	.20%	.20% ^A
Expenses net of fee waivers, if any	.08% ^A	.08%	.09%	.12% ^A
Expenses net of all reductions	.08% ^A	.08%	.09%	.12% ^A
Net investment income (loss)	1.44% ^A	1.49%	1.72%	1.37% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 686,962	$ 519,385	$ 198,767	$ 18,896
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.29	$ 13.68	$ 11.70	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.21	.10
Net realized and unrealized gain (loss)	1.01	2.65	1.98	1.65
Total from investment operations	1.13	2.88	2.19	1.75
Distributions from net investment income	(.06)	(.16)	(.16)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.21) ^J	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.29	$ 13.68	$ 11.70
Total Return^{B, C}	6.93%	21.24%	19.04%	17.59%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.14% ^A	.14%	.14%	.14% ^A
Expenses net of fee waivers, if any	.06% ^A	.06%	.07%	.08% ^A
Expenses net of all reductions	.06% ^A	.06%	.07%	.08% ^A
Net investment income (loss)	1.46% ^A	1.51%	1.74%	1.41% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 119,071	$ 88,657	$ 42,952	$ 19,312
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.21 per share is comprised of distributions from net investment income of $.1639 and distributions from net realized gain of $.044 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.29	$ 13.68	$ 11.70	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.23	.22	.10
Net realized and unrealized gain (loss)	1.01	2.65	1.97	1.65
Total from investment operations	1.13	2.88	2.19	1.75
Distributions from net investment income	(.06)	(.16)	(.17)	(.05)
Distributions from net realized gain	(.03)	(.11)	(.04)	-
Total distributions	(.09)	(.27)	(.21)	(.05)
Redemption fees added to paid in capital ^{D, I}	-	-	-	-
Net asset value, end of period	$ 17.33	$ 16.29	$ 13.68	$ 11.70
Total Return^{B, C}	6.94%	21.26%	19.06%	17.60%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.12% ^A	.12%	.12%	.12% ^A
Expenses net of fee waivers, if any	.04% ^A	.04%	.05%	.06% ^A
Expenses net of all reductions	.04% ^A	.04%	.05%	.06% ^A
Net investment income (loss)	1.48% ^A	1.53%	1.77%	1.43% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 19,851	$ 4,263	$ 996	$ 109
Portfolio turnover rate ^F	15% ^A	7%	5%	5% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index

Investment Changes (Unaudited)

Top Ten Stocks as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Puma Biotechnology, Inc.	0.4	0.1
Isis Pharmaceuticals, Inc.	0.3	0.2
WEX, Inc.	0.3	0.2
Team Health Holdings, Inc.	0.3	0.2
Brunswick Corp.	0.3	0.2
Ultimate Software Group, Inc.	0.3	0.2
RLJ Lodging Trust	0.2	0.2
Prosperity Bancshares, Inc.	0.2	0.2
LaSalle Hotel Properties (SBI)	0.2	0.2
Graphic Packaging Holding Co.	0.2	0.1
	2.7
Market Sectors as of October 31, 2014
	% of fund's net assets	% of fund's net assets 6 months ago
Financials	24.2	23.4
Information Technology	17.6	17.1
Industrials	13.9	14.5
Health Care	13.9	12.8
Consumer Discretionary	13.0	12.8
Materials	4.8	4.9
Energy	4.6	6.0
Utilities	3.5	3.3
Consumer Staples	3.1	3.8
Telecommunication Services	0.8	0.7

Semiannual Report

Spartan Small Cap Index

Investments October 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.4%
	Shares		Value
CONSUMER DISCRETIONARY - 13.0%
Auto Components - 1.1%
American Axle & Manufacturing Holdings, Inc. (a)	42,956		$ 830,339
Cooper Tire & Rubber Co.	40,239		1,296,098
Cooper-Standard Holding, Inc. (a)	8,685		474,027
Dana Holding Corp.	107,609		2,201,680
Dorman Products, Inc. (a)(d)	17,018		788,954
Drew Industries, Inc.	15,023		722,005
Federal-Mogul Corp. Class A (a)	18,004		281,042
Fox Factory Holding Corp. (a)	6,654		112,719
Fuel Systems Solutions, Inc. (a)(d)	8,434		77,846
Gentherm, Inc. (a)	22,275		928,868
Modine Manufacturing Co. (a)	29,952		384,284
Motorcar Parts of America, Inc. (a)	11,118		322,867
Remy International, Inc.	9,073		167,669
Shiloh Industries, Inc. (a)	4,943		84,229
Spartan Motors, Inc.	20,525		116,787
Standard Motor Products, Inc.	12,524		494,948
Stoneridge, Inc. (a)	17,695		229,858
Strattec Security Corp.	2,167		224,761
Superior Industries International, Inc.	14,790		288,553
Tenneco, Inc. (a)	38,950		2,039,422
Tower International, Inc. (a)	12,855		312,377
			12,379,333
Automobiles - 0.0%
Winnebago Industries, Inc.	17,164		364,048
Distributors - 0.2%
Core-Mark Holding Co., Inc.	14,745		855,652
Pool Corp.	28,549		1,704,375
VOXX International Corp. (a)	11,595		98,905
Weyco Group, Inc.	3,931		122,451
			2,781,383
Diversified Consumer Services - 1.0%
2U, Inc. (d)	6,110		111,202
American Public Education, Inc. (a)	10,859		336,520
Ascent Capital Group, Inc. (a)(d)	8,693		558,960
Bridgepoint Education, Inc. (a)	9,833		124,289
Bright Horizons Family Solutions, Inc. (a)	19,274		858,849
Capella Education Co.	6,827		482,942
Career Education Corp. (a)	42,188		244,690
Carriage Services, Inc.	10,148		202,554
Chegg, Inc. (d)	45,782		304,450
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Diversified Consumer Services - continued
Collectors Universe, Inc.	4,108		$ 101,057
Education Management Corp. (a)(d)	12,654		7,530
Grand Canyon Education, Inc. (a)	29,694		1,422,343
Houghton Mifflin Harcourt Co.	69,941		1,399,519
ITT Educational Services, Inc. (a)(d)	15,156		153,227
K12, Inc. (a)	21,691		268,968
Liberty Tax, Inc. (a)	2,269		85,972
LifeLock, Inc. (a)(d)	50,801		859,045
Regis Corp. (d)	27,370		464,743
Sotheby's Class A (Ltd. vtg.)	38,898		1,542,695
Steiner Leisure Ltd. (a)	9,241		389,785
Strayer Education, Inc. (a)	6,846		501,059
Universal Technical Institute, Inc.	14,821		176,518
Weight Watchers International, Inc. (a)(d)	17,561		457,464
			11,054,381
Hotels, Restaurants & Leisure - 3.0%
Belmond Ltd. Class A (a)	63,450		727,137
Biglari Holdings, Inc. (a)	1,289		450,067
BJ's Restaurants, Inc. (a)(d)	14,985		659,640
Bloomin' Brands, Inc. (a)	48,490		916,946
Bob Evans Farms, Inc.	15,557		759,959
Boyd Gaming Corp. (a)(d)	48,835		564,044
Bravo Brio Restaurant Group, Inc. (a)	11,409		158,243
Buffalo Wild Wings, Inc. (a)(d)	11,953		1,784,344
Caesars Acquisition Co. (a)(d)	28,664		299,252
Caesars Entertainment Corp. (a)(d)	33,065		403,062
Carrols Restaurant Group, Inc. (a)	22,300		171,933
Churchill Downs, Inc.	8,399		856,530
Chuy's Holdings, Inc. (a)(d)	10,244		306,398
ClubCorp Holdings, Inc.	13,638		259,940
Cracker Barrel Old Country Store, Inc.	11,857		1,367,705
Del Frisco's Restaurant Group, Inc. (a)	14,813		343,958
Denny's Corp. (a)	54,784		472,238
Diamond Resorts International, Inc. (a)(d)	22,396		581,400
DineEquity, Inc.	10,456		930,166
Einstein Noah Restaurant Group, Inc.	7,006		141,872
El Pollo Loco Holdings, Inc. (a)(d)	5,110		182,172
Empire Resorts, Inc. (a)(d)	8,984		67,290
Famous Dave's of America, Inc. (a)(d)	2,785		72,605
Fiesta Restaurant Group, Inc. (a)(d)	16,870		930,381
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Hotels, Restaurants & Leisure - continued
Ignite Restaurant Group, Inc. (a)(d)	4,521		$ 31,150
International Speedway Corp. Class A	18,207		570,425
Interval Leisure Group, Inc.	25,432		535,089
Intrawest Resorts Holdings, Inc.	8,003		85,152
Isle of Capri Casinos, Inc. (a)	12,900		95,847
Jack in the Box, Inc.	25,248		1,793,618
Jamba, Inc. (a)	11,350		151,523
Krispy Kreme Doughnuts, Inc. (a)(d)	41,262		780,677
La Quinta Holdings, Inc.	28,193		575,419
Life Time Fitness, Inc. (a)(d)	25,892		1,443,997
Marcus Corp.	11,485		196,738
Marriott Vacations Worldwide Corp.	17,776		1,234,365
Monarch Casino & Resort, Inc. (a)	5,663		92,137
Morgans Hotel Group Co. (a)	17,389		138,938
Multimedia Games Holding Co., Inc. (a)	18,626		650,047
Nathan's Famous, Inc. (a)	1,872		134,559
Noodles & Co. (a)	6,994		159,673
Papa John's International, Inc.	19,243		899,803
Papa Murphy's Holdings, Inc.	3,474		32,308
Penn National Gaming, Inc. (a)	49,499		647,942
Pinnacle Entertainment, Inc. (a)(d)	37,567		962,842
Popeyes Louisiana Kitchen, Inc. (a)	14,877		689,549
Potbelly Corp. (d)	8,897		113,526
Red Robin Gourmet Burgers, Inc. (a)	9,047		497,314
Ruby Tuesday, Inc. (a)	38,390		294,835
Ruth's Hospitality Group, Inc.	22,639		275,517
Scientific Games Corp. Class A (a)(d)	32,940		387,704
Sonic Corp.	34,217		862,611
Speedway Motorsports, Inc.	6,933		135,679
Texas Roadhouse, Inc. Class A (d)	44,446		1,283,156
The Cheesecake Factory, Inc.	31,540		1,448,948
Vail Resorts, Inc.	22,893		1,977,039
Zoe's Kitchen, Inc. (d)	3,874		141,246
			32,726,655
Household Durables - 1.1%
Beazer Homes U.S.A., Inc. (a)(d)	16,687		299,198
Cavco Industries, Inc. (a)	5,574		406,177
Century Communities, Inc.	2,645		48,880
CSS Industries, Inc.	6,124		174,901
Dixie Group, Inc. (a)(d)	8,915		70,250
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Household Durables - continued
Ethan Allen Interiors, Inc. (d)	16,196		$ 458,347
Flexsteel Industries, Inc.	2,913		99,945
Helen of Troy Ltd. (a)(d)	18,007		1,113,733
Hovnanian Enterprises, Inc. Class A (a)(d)	73,023		274,566
Installed Building Products, Inc. (a)	5,102		74,030
iRobot Corp. (a)(d)	18,861		673,715
KB Home	52,796		831,009
La-Z-Boy, Inc.	33,158		757,992
LGI Homes, Inc.	8,947		173,751
Libbey, Inc. (a)	13,420		385,825
Lifetime Brands, Inc.	6,232		106,630
M.D.C. Holdings, Inc.	26,095		637,240
M/I Homes, Inc. (a)(d)	15,339		330,402
Meritage Homes Corp. (a)	24,800		912,392
NACCO Industries, Inc. Class A	3,248		190,235
New Home Co. LLC (a)	5,050		76,609
Ryland Group, Inc.	29,615		1,060,513
Skullcandy, Inc. (a)	11,872		99,012
Standard Pacific Corp. (a)(d)	91,092		674,081
TRI Pointe Homes, Inc. (a)	93,611		1,281,535
Turtle Beach Corp. (a)(d)	4,176		24,137
UCP, Inc. (a)	4,657		63,754
Universal Electronics, Inc. (a)	10,266		584,033
WCI Communities, Inc. (a)(d)	6,982		130,982
William Lyon Homes, Inc. (a)	10,974		259,645
			12,273,519
Internet & Catalog Retail - 0.5%
1-800-FLOWERS.com, Inc. Class A (a)	16,957		136,165
Blue Nile, Inc. (a)(d)	7,642		271,291
Coupons.com, Inc. (a)(d)	7,185		100,015
FTD Companies, Inc. (a)(d)	11,857		417,129
Gaiam, Inc. Class A (a)	8,932		67,615
HSN, Inc.	20,981		1,386,215
Lands' End, Inc. (a)	10,531		499,907
NutriSystem, Inc. (d)	18,050		303,962
Orbitz Worldwide, Inc. (a)	32,287		267,013
Overstock.com, Inc. (a)(d)	7,545		174,440
PetMed Express, Inc. (d)	14,146		186,869
RetailMeNot, Inc. (a)(d)	19,678		414,419
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Internet & Catalog Retail - continued
Shutterfly, Inc. (a)	24,259		$ 1,014,754
ValueVision Media, Inc. Class A (a)	28,295		160,150
			5,399,944
Leisure Products - 0.5%
Arctic Cat, Inc.	8,033		270,391
Black Diamond, Inc. (a)(d)	13,540		105,070
Brunswick Corp.	58,636		2,744,165
Callaway Golf Co. (d)	48,868		383,125
Escalade, Inc.	5,898		67,473
JAKKS Pacific, Inc. (a)(d)	11,111		70,888
Johnson Outdoors, Inc. Class A	2,975		89,399
Leapfrog Enterprises, Inc. Class A (a)(d)	40,844		217,290
Malibu Boats, Inc. Class A (a)	5,766		107,594
Marine Products Corp.	6,313		53,282
Nautilus, Inc. (a)	19,486		260,723
Smith & Wesson Holding Corp. (a)	34,097		346,426
Sturm, Ruger & Co., Inc. (d)	12,278		511,747
			5,227,573
Media - 1.3%
A.H. Belo Corp. Class A	11,197		128,877
AMC Entertainment Hld, Inc. Class A	13,256		336,702
Carmike Cinemas, Inc. (a)	15,778		505,685
Central European Media Enterprises Ltd. Class A (a)(d)	42,019		102,106
Cinedigm Corp. (a)	45,567		70,629
Crown Media Holdings, Inc. Class A (a)	20,582		71,831
Cumulus Media, Inc. Class A (a)(d)	90,017		347,466
Daily Journal Corp. (a)(d)	644		117,627
Dex Media, Inc. (a)(d)	8,851		68,949
E.W. Scripps Co. Class A (a)(d)	19,417		372,806
Entercom Communications Corp. Class A (a)	14,705		151,167
Entravision Communication Corp. Class A	36,711		189,429
Eros International PLC (a)(d)	13,984		258,145
Global Sources Ltd. (a)(d)	10,581		77,559
Gray Television, Inc. (a)	31,085		287,225
Harte-Hanks, Inc.	31,538		205,312
Hemisphere Media Group, Inc. (a)(d)	4,978		63,718
Journal Communications, Inc. Class A (a)	28,149		276,142
Lee Enterprises, Inc. (a)(d)	31,916		119,047
Loral Space & Communications Ltd. (a)	8,218		628,677
Martha Stewart Living Omnimedia, Inc. Class A (a)(d)	17,802		77,083
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Media - continued
MDC Partners, Inc. Class A (sub. vtg.)	27,582		$ 570,948
Media General, Inc. Class A (a)(d)	35,256		526,725
Meredith Corp. (d)	22,704		1,183,787
National CineMedia, Inc.	38,459		611,498
New Media Investment Group, Inc.	22,866		435,826
Nexstar Broadcasting Group, Inc. Class A	19,388		874,787
Radio One, Inc. Class D (non-vtg.) (a)(d)	13,761		34,265
ReachLocal, Inc. (a)(d)	7,875		35,674
Reading International, Inc. Class A (a)	10,289		102,581
Rentrak Corp. (a)(d)	6,250		480,438
Saga Communications, Inc. Class A	2,154		86,375
Salem Communications Corp. Class A	6,492		50,053
Scholastic Corp.	16,954		590,169
SFX Entertainment, Inc. (d)	29,173		149,949
Sinclair Broadcast Group, Inc. Class A (d)	43,275		1,257,139
Sizmek, Inc. (a)	13,121		75,183
The McClatchy Co. Class A (a)(d)	43,705		155,590
The New York Times Co. Class A (d)	87,116		1,118,569
Time, Inc.	70,380		1,589,884
Townsquare Media, Inc.	5,758		72,608
World Wrestling Entertainment, Inc. Class A (d)	18,494		228,401
			14,686,631
Multiline Retail - 0.2%
Burlington Stores, Inc.	18,290		767,083
Fred's, Inc. Class A (d)	23,560		369,892
The Bon-Ton Stores, Inc. (d)	8,700		76,647
Tuesday Morning Corp. (a)(d)	27,439		559,481
			1,773,103
Specialty Retail - 3.1%
Aeropostale, Inc. (a)(d)	49,296		148,381
America's Car Mart, Inc. (a)(d)	4,897		225,164
American Eagle Outfitters, Inc. (d)	123,822		1,593,589
ANN, Inc. (a)	29,512		1,132,966
Asbury Automotive Group, Inc. (a)	19,494		1,365,360
Barnes & Noble, Inc. (a)(d)	25,885		564,811
bebe stores, Inc.	18,674		42,763
Big 5 Sporting Goods Corp.	12,617		155,315
Brown Shoe Co., Inc.	28,323		753,109
Build-A-Bear Workshop, Inc. (a)	8,313		140,905
Christopher & Banks Corp. (a)	22,731		148,433
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Citi Trends, Inc. (a)	9,763		$ 221,132
Conn's, Inc. (a)(d)	17,463		543,274
Destination Maternity Corp.	9,223		138,161
Destination XL Group, Inc. (a)(d)	20,831		109,154
Express, Inc. (a)	53,175		796,030
Finish Line, Inc. Class A	30,343		803,179
Five Below, Inc. (a)(d)	34,675		1,382,492
Francesca's Holdings Corp. (a)(d)	26,343		313,745
Genesco, Inc. (a)	15,153		1,162,084
Group 1 Automotive, Inc. (d)	15,366		1,312,717
Guess?, Inc.	38,748		859,043
Haverty Furniture Companies, Inc.	12,614		277,634
hhgregg, Inc. (a)(d)	7,164		37,110
Hibbett Sports, Inc. (a)(d)	16,335		741,446
Kirkland's, Inc. (a)	9,240		164,472
Lithia Motors, Inc. Class A (sub. vtg.)	14,535		1,128,207
Lumber Liquidators Holdings, Inc. (a)(d)	17,259		928,016
MarineMax, Inc. (a)	15,482		296,790
Mattress Firm Holding Corp. (a)(d)	9,410		594,618
Monro Muffler Brake, Inc.	20,074		1,072,755
New York & Co., Inc. (a)	17,397		56,888
Office Depot, Inc. (a)	340,298		1,776,356
Outerwall, Inc. (a)(d)	12,835		812,070
Pacific Sunwear of California, Inc. (a)	29,571		44,948
Pier 1 Imports, Inc.	59,462		767,060
Rent-A-Center, Inc.	33,561		1,039,384
Restoration Hardware Holdings, Inc. (a)(d)	19,824		1,592,264
Sears Hometown & Outlet Stores, Inc. (a)(d)	6,910		103,926
Select Comfort Corp. (a)	34,380		883,222
Shoe Carnival, Inc.	9,500		174,800
Sonic Automotive, Inc. Class A (sub. vtg.)	25,227		627,900
Sportsman's Warehouse Holdings, Inc.	5,796		40,514
Stage Stores, Inc.	19,740		333,014
Stein Mart, Inc.	17,774		237,816
Systemax, Inc. (a)	6,746		103,214
The Buckle, Inc. (d)	17,728		874,522
The Cato Corp. Class A (sub. vtg.)	18,104		645,770
The Children's Place Retail Stores, Inc.	13,944		686,742
The Container Store Group, Inc.	10,777		198,728
The Men's Wearhouse, Inc.	30,470		1,433,004
The Pep Boys - Manny, Moe & Jack (a)	33,958		323,620
Common Stocks - continued
	Shares		Value
CONSUMER DISCRETIONARY - continued
Specialty Retail - continued
Tile Shop Holdings, Inc. (a)(d)	17,619		$ 151,700
Tilly's, Inc. (a)	6,311		44,934
Vitamin Shoppe, Inc. (a)(d)	19,413		911,052
West Marine, Inc. (a)	10,415		102,484
Winmark Corp.	1,401		115,274
Zumiez, Inc. (a)(d)	12,941		431,971
			33,666,032
Textiles, Apparel & Luxury Goods - 1.0%
Columbia Sportswear Co.	17,685		681,580
Crocs, Inc. (a)	55,359		646,593
Culp, Inc.	5,214		98,910
G-III Apparel Group Ltd. (a)	12,093		959,580
Iconix Brand Group, Inc. (a)(d)	30,204		1,208,462
Movado Group, Inc. (d)	12,201		430,695
Oxford Industries, Inc.	9,184		562,520
Perry Ellis International, Inc. (a)	7,667		156,790
Quiksilver, Inc. (a)(d)	85,101		148,927
Sequential Brands Group, Inc. (a)	10,591		132,811
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)	24,853		1,360,702
Steven Madden Ltd. (a)	36,711		1,150,890
Tumi Holdings, Inc. (a)(d)	32,050		665,679
Unifi, Inc. (a)	9,193		257,128
Vera Bradley, Inc. (a)(d)	13,569		309,373
Vince Holding Corp. (d)	6,970		244,299
Wolverine World Wide, Inc. (d)	64,870		1,760,572
			10,775,511
TOTAL CONSUMER DISCRETIONARY			143,108,113
CONSUMER STAPLES - 3.1%
Beverages - 0.2%
Boston Beer Co., Inc. Class A (a)(d)	5,244		1,305,756
Coca-Cola Bottling Co. Consolidated	2,971		268,697
Craft Brew Alliance, Inc. (a)	7,183		99,700
National Beverage Corp. (a)	7,431		186,667
			1,860,820
Food & Staples Retailing - 0.9%
Andersons, Inc.	17,750		1,131,208
Casey's General Stores, Inc.	24,564		2,011,055
Chefs' Warehouse Holdings (a)(d)	11,486		205,255
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food & Staples Retailing - continued
Fairway Group Holdings Corp. (a)(d)	11,021		$ 32,953
Fresh Market, Inc. (a)(d)	27,039		992,602
Ingles Markets, Inc. Class A	8,457		227,493
Liberator Medical Holdings, Inc.	18,756		54,017
Natural Grocers by Vitamin Cottage, Inc. (a)	5,322		96,381
Pantry, Inc. (a)	14,672		378,097
PriceSmart, Inc. (d)	11,792		1,049,842
Roundy's, Inc. (d)	23,379		78,787
SpartanNash Co.	24,194		542,188
SUPERVALU, Inc. (a)(d)	127,942		1,104,139
United Natural Foods, Inc. (a)(d)	31,575		2,147,732
Village Super Market, Inc. Class A	4,016		111,444
Weis Markets, Inc.	7,047		314,578
			10,477,771
Food Products - 1.5%
Alico, Inc.	1,731		63,874
B&G Foods, Inc. Class A (d)	33,886		998,282
Boulder Brands, Inc. (a)(d)	37,949		336,987
Cal-Maine Foods, Inc.	9,674		849,280
Calavo Growers, Inc.	8,504		412,784
Chiquita Brands International, Inc. (a)	29,702		428,600
Darling International, Inc. (a)	105,323		1,853,685
Dean Foods Co. (d)	58,877		866,081
Diamond Foods, Inc. (a)(d)	13,634		411,065
Farmer Brothers Co. (a)	4,450		129,762
Fresh Del Monte Produce, Inc.	22,721		729,571
Inventure Foods, Inc. (a)	9,113		120,656
J&J Snack Foods Corp.	9,304		958,591
John B. Sanfilippo & Son, Inc.	5,411		201,019
Lancaster Colony Corp.	11,771		1,076,929
Lifeway Foods, Inc. (a)(d)	2,792		46,208
Limoneira Co.	7,792		199,943
Omega Protein Corp. (a)	13,146		189,960
Post Holdings, Inc. (a)(d)	27,707		1,039,013
Sanderson Farms, Inc. (d)	14,521		1,219,474
Seaboard Corp. (a)(d)	178		546,971
Seneca Foods Corp. Class A (a)	4,862		130,691
Snyders-Lance, Inc.	30,139		897,841
Common Stocks - continued
	Shares		Value
CONSUMER STAPLES - continued
Food Products - continued
Tootsie Roll Industries, Inc. (d)	11,934		$ 353,843
TreeHouse Foods, Inc. (a)	26,642		2,269,099
			16,330,209
Household Products - 0.2%
Central Garden & Pet Co. Class A (non-vtg.) (a)	27,466		235,933
Harbinger Group, Inc. (a)	54,398		714,790
Oil-Dri Corp. of America	2,910		87,824
Orchids Paper Products Co.	4,807		138,249
WD-40 Co.	9,521		729,975
			1,906,771
Personal Products - 0.2%
Elizabeth Arden, Inc. (a)(d)	15,967		261,859
IGI Laboratories, Inc. (a)	20,507		201,174
Inter Parfums, Inc.	10,504		298,314
MediFast, Inc. (a)(d)	8,212		260,649
Nature's Sunshine Products, Inc.	6,474		96,463
Nutraceutical International Corp. (a)	5,155		115,884
Revlon, Inc. (a)	7,211		247,337
Synutra International, Inc. (a)	10,309		65,256
The Female Health Co. (d)	12,959		59,223
USANA Health Sciences, Inc. (a)(d)	3,837		437,341
			2,043,500
Tobacco - 0.1%
22nd Century Group, Inc. (a)(d)	31,852		70,074
Alliance One International, Inc. (a)	52,494		106,563
Universal Corp. (d)	14,536		646,852
Vector Group Ltd. (d)	43,764		977,688
			1,801,177
TOTAL CONSUMER STAPLES			34,420,248
ENERGY - 4.6%
Energy Equipment & Services - 1.5%
Aspen Aerogels, Inc. (d)	3,621		35,957
Basic Energy Services, Inc. (a)	19,855		256,130
Bristow Group, Inc.	22,514		1,663,785
C&J Energy Services, Inc. (a)(d)	29,121		562,327
Carbo Ceramics, Inc.	12,432		642,361
Dawson Geophysical Co.	4,802		81,586
Common Stocks - continued
	Shares		Value
ENERGY - continued
Energy Equipment & Services - continued
Era Group, Inc. (a)	12,659		$ 296,094
Exterran Holdings, Inc.	37,181		1,462,329
Forum Energy Technologies, Inc. (a)	37,564		1,025,497
Geospace Technologies Corp. (a)(d)	8,199		252,447
Glori Energy, Inc. (a)	7,256		38,674
Gulf Island Fabrication, Inc.	9,143		193,283
Gulfmark Offshore, Inc. Class A	17,174		517,968
Helix Energy Solutions Group, Inc. (a)	66,874		1,781,523
Hercules Offshore, Inc. (a)(d)	100,343		165,566
Hornbeck Offshore Services, Inc. (a)(d)	22,978		704,505
Independence Contract Drilling, Inc. (d)	6,472		47,440
ION Geophysical Corp. (a)	81,179		227,301
Key Energy Services, Inc. (a)(d)	81,867		248,876
Matrix Service Co. (a)	16,493		413,315
McDermott International, Inc. (a)(d)	151,012		579,886
Mitcham Industries, Inc. (a)	7,550		77,010
Natural Gas Services Group, Inc. (a)	7,893		203,087
Newpark Resources, Inc. (a)(d)	53,695		613,734
Nordic American Offshore Ltd.	11,318		181,088
North Atlantic Drilling Ltd.	44,895		277,900
Nuverra Environmental Solutions, Inc. (a)(d)	9,439		89,387
Parker Drilling Co. (a)	81,381		361,332
PHI, Inc. (non-vtg.) (a)	7,909		353,849
Pioneer Energy Services Corp. (a)	38,983		357,864
Profire Energy, Inc. (a)(d)	7,940		29,457
RigNet, Inc. (a)	7,480		325,006
SEACOR Holdings, Inc. (a)(d)	13,159		1,084,960
Tesco Corp.	21,740		413,930
TETRA Technologies, Inc. (a)	49,759		474,203
Vantage Drilling Co. (a)(d)	130,570		126,326
Willbros Group, Inc. (a)	25,206		147,959
			16,313,942
Oil, Gas & Consumable Fuels - 3.1%
Abraxas Petroleum Corp. (a)	57,536		237,624
Adams Resources & Energy, Inc.	1,270		53,404
Alon U.S.A. Energy, Inc. (d)	16,287		261,243
Alpha Natural Resources, Inc. (a)(d)	138,202		270,876
American Eagle Energy Corp. (a)(d)	18,113		31,517
Amyris, Inc. (a)(d)	16,118		48,676
APCO Oil and Gas International, Inc. (a)	5,442		77,984
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Approach Resources, Inc. (a)(d)	24,835		$ 245,867
Arch Coal, Inc. (d)	132,338		285,850
Ardmore Shipping Corp.	10,749		108,887
Bill Barrett Corp. (a)(d)	33,148		503,850
Bonanza Creek Energy, Inc. (a)	20,750		938,730
BPZ Energy, Inc. (a)(d)	70,626		87,576
Callon Petroleum Co. (a)	34,566		226,753
Carrizo Oil & Gas, Inc. (a)	28,834		1,497,638
Clayton Williams Energy, Inc. (a)(d)	3,680		305,955
Clean Energy Fuels Corp. (a)(d)	43,595		318,679
Cloud Peak Energy, Inc. (a)	39,053		467,464
Comstock Resources, Inc. (d)	29,828		353,164
Contango Oil & Gas Co. (a)(d)	10,855		396,967
Delek U.S. Holdings, Inc.	37,854		1,282,872
DHT Holdings, Inc.	57,889		385,541
Diamondback Energy, Inc. (a)	26,908		1,841,584
Dorian Lpg Ltd.	4,358		62,450
Eclipse Resources Corp.	18,975		248,762
Emerald Oil, Inc. (a)(d)	35,869		114,063
Energy XXI (Bermuda) Ltd.	61,470		472,704
Evolution Petroleum Corp.	11,684		110,531
EXCO Resources, Inc. (d)	94,588		288,493
Forest Oil Corp. (a)(d)	70,652		57,228
Frontline Ltd. (NY Shares) (a)(d)	39,492		55,684
FX Energy, Inc. (a)(d)	32,104		96,312
GasLog Ltd. (d)	26,719		556,290
Gastar Exploration, Inc. (a)	43,695		174,780
Goodrich Petroleum Corp. (a)(d)	21,659		178,470
Green Plains, Inc. (d)	23,635		808,317
Halcon Resources Corp. (a)(d)	165,859		515,821
Hallador Energy Co.	6,177		74,124
Harvest Natural Resources, Inc. (a)	25,067		93,249
Isramco, Inc. (a)	531		69,561
Jones Energy, Inc. (a)	6,645		82,132
Kodiak Oil & Gas Corp. (a)	168,239		1,815,299
Magnum Hunter Resources Corp. (a)(d)	129,479		600,783
Magnum Hunter Resources Corp. warrants 4/16/16 (a)	5,763		1,613
Matador Resources Co. (a)(d)	46,315		1,124,065
Midstates Petroleum Co., Inc. (a)(d)	22,141		65,759
Miller Energy Resources, Inc. (a)(d)	17,792		61,916
Navios Maritime Acquisition Corp.	55,482		175,878
Common Stocks - continued
	Shares		Value
ENERGY - continued
Oil, Gas & Consumable Fuels - continued
Nordic American Tanker Shipping Ltd. (d)	55,848		$ 471,916
Northern Oil & Gas, Inc. (a)(d)	38,013		429,547
Pacific Ethanol, Inc. (a)	14,686		207,219
Panhandle Royalty Co. Class A	8,714		179,160
Parsley Energy, Inc. Class A	33,740		572,568
PDC Energy, Inc. (a)	22,652		990,345
Penn Virginia Corp. (a)(d)	40,671		348,550
Petroquest Energy, Inc. (a)(d)	36,944		173,637
Quicksilver Resources, Inc. (a)(d)	74,785		40,877
Renewable Energy Group, Inc. (a)(d)	21,618		227,638
Resolute Energy Corp. (a)(d)	48,636		169,253
Rex American Resources Corp. (a)	4,073		296,351
Rex Energy Corp. (a)(d)	29,804		233,663
Ring Energy, Inc. (a)	13,287		228,536
Rosetta Resources, Inc. (a)(d)	38,905		1,479,557
RSP Permian, Inc. (a)(d)	14,514		355,158
Sanchez Energy Corp. (a)(d)	32,410		553,239
Scorpio Tankers, Inc. (d)	108,929		950,950
SemGroup Corp. Class A	27,127		2,081,997
Ship Finance International Ltd. (NY Shares) (d)	37,399		642,889
Solazyme, Inc. (a)(d)	47,405		363,596
Stone Energy Corp. (a)(d)	35,595		872,078
Swift Energy Co. (a)(d)	27,493		188,327
Synergy Resources Corp. (a)(d)	43,348		528,412
Teekay Tankers Ltd. (d)	41,478		175,867
TransAtlantic Petroleum Ltd. (a)	13,479		111,202
Triangle Petroleum Corp. (a)(d)	47,895		371,186
VAALCO Energy, Inc. (a)(d)	31,065		230,502
Vertex Energy, Inc. (a)(d)	8,275		52,298
W&T Offshore, Inc.	21,889		198,971
Warren Resources, Inc. (a)(d)	46,069		159,399
Western Refining, Inc.	33,790		1,540,486
Westmoreland Coal Co. (a)	9,748		356,484
			33,914,843
TOTAL ENERGY			50,228,785
FINANCIALS - 24.2%
Banks - 7.7%
1st Source Corp.	9,613		300,791
1st United Bancorp, Inc.	17,585		155,627
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
American National Bankshares, Inc.	4,707		$ 113,909
Ameris Bancorp	15,958		395,758
Ames National Corp.	4,907		121,694
Arrow Financial Corp. (d)	6,509		178,282
Banc of California, Inc. (d)	17,710		208,447
BancFirst Corp.	4,712		306,280
Banco Latinoamericano de Comercio Exterior SA Series E (d)	18,875		634,955
Bancorp, Inc., Delaware (a)	20,704		195,860
BancorpSouth, Inc.	60,979		1,404,346
Bank of Kentucky Financial Corp.	3,914		183,606
Bank of Marin Bancorp	3,521		175,768
Bank of the Ozarks, Inc.	50,329		1,773,594
Banner Bank	12,159		525,512
BBCN Bancorp, Inc.	50,159		709,248
Blue Hills Bancorp, Inc. (a)	17,639		235,128
BNC Bancorp	13,229		225,025
Boston Private Financial Holdings, Inc.	50,940		669,861
Bridge Bancorp, Inc.	6,924		181,824
Bridge Capital Holdings (a)	5,844		140,957
Bryn Mawr Bank Corp.	9,089		280,214
C1 Financial, Inc. (d)	2,112		36,474
Camden National Corp.	4,418		180,740
Capital Bank Financial Corp. Series A (a)	15,184		393,114
Capital City Bank Group, Inc.	6,336		95,737
Cardinal Financial Corp.	21,355		410,016
Cascade Bancorp (a)	18,481		94,438
Cathay General Bancorp	50,015		1,320,896
Centerstate Banks of Florida, Inc.	22,500		261,900
Central Pacific Financial Corp.	11,217		212,001
Century Bancorp, Inc. Class A (non-vtg.)	2,075		78,809
Chemical Financial Corp.	20,744		617,756
Citizens & Northern Corp.	7,402		147,300
City Holding Co. (d)	9,934		446,931
CNB Financial Corp., Pennsylvania	8,614		156,000
CoBiz, Inc.	22,748		273,431
Columbia Banking Systems, Inc.	34,405		955,771
Community Bank System, Inc.	25,812		984,728
Community Trust Bancorp, Inc.	9,956		357,918
CommunityOne Bancorp (a)	6,887		73,278
ConnectOne Bancorp, Inc.	14,185		262,423
CU Bancorp (a)	5,944		117,394
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Customers Bancorp, Inc. (d)	16,082		$ 307,166
CVB Financial Corp. (d)	65,950		1,040,691
Eagle Bancorp, Inc. (a)(d)	14,312		514,230
Enterprise Bancorp, Inc.	4,452		104,756
Enterprise Financial Services Corp.	13,360		251,836
FCB Financial Holdings, Inc. Class A	5,162		118,468
Fidelity Southern Corp.	11,066		169,863
Financial Institutions, Inc.	9,320		234,305
First Bancorp, North Carolina	13,198		239,148
First Bancorp, Puerto Rico (a)	65,676		342,172
First Busey Corp.	46,906		293,163
First Business Finance Services, Inc.	2,349		110,239
First Citizen Bancshares, Inc.	4,766		1,197,267
First Commonwealth Financial Corp.	58,957		551,248
First Community Bancshares, Inc.	9,749		159,591
First Connecticut Bancorp, Inc.	9,620		150,457
First Financial Bancorp, Ohio	36,223		635,351
First Financial Bankshares, Inc. (d)	40,353		1,282,418
First Financial Corp., Indiana	7,631		264,643
First Interstate Bancsystem, Inc.	11,696		343,161
First Merchants Corp.	22,544		510,622
First Midwest Bancorp, Inc., Delaware	47,305		794,251
First NBC Bank Holding Co. (a)	9,312		342,030
First of Long Island Corp.	8,144		214,513
FirstMerit Corp.	105,622		1,938,164
Flushing Financial Corp.	19,239		387,473
FNB Corp., Pennsylvania	110,775		1,416,812
German American Bancorp, Inc.	8,816		263,334
Glacier Bancorp, Inc.	47,149		1,352,705
Great Southern Bancorp, Inc.	7,184		273,064
Green Bancorp, Inc.	3,007		51,390
Guaranty Bancorp	8,778		138,429
Hampton Roads Bankshares, Inc. (a)	20,296		35,315
Hancock Holding Co.	51,985		1,829,352
Hanmi Financial Corp.	19,772		424,109
Heartland Financial U.S.A., Inc.	10,361		275,603
Heritage Commerce Corp.	12,399		107,871
Heritage Financial Corp., Washington	20,091		352,597
Heritage Oaks Bancorp	13,355		105,104
Home Bancshares, Inc.	34,204		1,091,792
HomeTrust Bancshares, Inc. (a)	12,420		191,889
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Horizon Bancorp Industries	5,480		$ 140,946
Hudson Valley Holding Corp.	9,972		226,763
IBERIABANK Corp.	19,856		1,367,284
Independent Bank Corp.	15,378		185,612
Independent Bank Corp., Massachusetts (d)	14,975		610,980
Independent Bank Group, Inc.	5,784		258,487
International Bancshares Corp.	33,970		963,729
Investors Bancorp, Inc.	220,791		2,373,503
Lakeland Bancorp, Inc.	25,435		279,531
Lakeland Financial Corp.	10,500		435,120
Macatawa Bank Corp.	15,599		81,271
MainSource Financial Group, Inc.	13,027		236,961
MB Financial, Inc. (d)	42,153		1,329,927
Mercantile Bank Corp.	10,626		209,651
Merchants Bancshares, Inc.	3,067		91,366
Metro Bancorp, Inc. (a)	8,937		223,782
Midsouth Bancorp, Inc.	4,962		93,980
MidWestOne Financial Group, Inc.	4,156		110,882
National Bank Holdings Corp.	25,931		507,988
National Bankshares, Inc. (d)	4,138		129,561
National Penn Bancshares, Inc.	80,205		825,309
NBT Bancorp, Inc.	27,127		696,621
NewBridge Bancorp (a)	22,877		203,377
Northrim Bancorp, Inc.	4,066		117,507
OFG Bancorp	28,538		444,337
Old Line Bancshares, Inc.	4,990		79,740
Old National Bancorp, Indiana	74,156		1,078,970
OmniAmerican Bancorp, Inc.	7,388		199,772
Opus Bank	3,053		80,294
Pacific Continental Corp.	10,708		154,409
Pacific Premier Bancorp, Inc. (a)	11,505		186,266
Palmetto Bancshares, Inc.	2,664		44,276
Park National Corp. (d)	8,347		704,236
Park Sterling Corp.	30,348		232,466
Peapack-Gladstone Financial Corp.	7,166		130,780
Penns Woods Bancorp, Inc.	2,870		139,281
Peoples Bancorp, Inc.	9,990		246,254
Peoples Financial Services Corp. (d)	4,753		238,458
Pinnacle Financial Partners, Inc.	22,512		882,470
Preferred Bank, Los Angeles	7,680		204,134
PrivateBancorp, Inc.	45,314		1,464,548
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Prosperity Bancshares, Inc.	43,396		$ 2,620,684
Renasant Corp.	19,515		588,377
Republic Bancorp, Inc., Kentucky Class A	5,909		143,293
Republic First Bancorp, Inc. (a)(d)	18,420		73,127
S&T Bancorp, Inc.	18,772		517,919
Sandy Spring Bancorp, Inc.	16,099		415,354
Seacoast Banking Corp., Florida (a)	11,547		147,340
ServisFirst Bancshares, Inc.	1,116		32,911
Sierra Bancorp	7,231		124,084
Simmons First National Corp. Class A	10,438		438,292
South State Corp.	15,408		929,256
Southside Bancshares, Inc. (d)	11,680		392,214
Southwest Bancorp, Inc., Oklahoma	13,002		234,426
Square 1 Financial, Inc. Class A	4,724		93,960
State Bank Financial Corp.	20,985		376,051
Sterling Bancorp	51,892		729,602
Stock Yards Bancorp, Inc.	10,073		335,229
Stonegate Bank (d)	6,550		178,095
Suffolk Bancorp	7,865		180,580
Sun Bancorp, Inc. (a)	5,051		102,030
Susquehanna Bancshares, Inc.	119,967		1,176,876
Talmer Bancorp, Inc. Class A	11,493		160,672
Texas Capital Bancshares, Inc. (a)(d)	27,075		1,655,636
The First Bancorp, Inc.	5,713		101,063
Tompkins Financial Corp.	9,419		472,834
TowneBank (d)	19,130		290,011
Trico Bancshares (d)	14,002		368,253
TriState Capital Holdings, Inc. (a)	13,149		128,203
Trustmark Corp. (d)	43,414		1,056,263
UMB Financial Corp.	23,694		1,411,689
Umpqua Holdings Corp. (d)	104,570		1,840,432
Union Bankshares Corp.	29,314		658,979
United Bankshares, Inc., West Virginia (d)	43,515		1,491,694
United Community Bank, Inc.	31,844		574,147
Univest Corp. of Pennsylvania	11,059		226,931
Valley National Bancorp (d)	124,572		1,243,229
ViewPoint Financial Group	25,524		696,039
Washington Trust Bancorp, Inc.	9,454		362,750
Webster Financial Corp.	56,391		1,767,294
WesBanco, Inc.	16,813		579,376
West Bancorp., Inc.	9,520		157,842
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Banks - continued
Westamerica Bancorp.	16,414		$ 809,867
Western Alliance Bancorp. (a)	47,921		1,275,657
Wilshire Bancorp, Inc.	44,524		440,788
Wintrust Financial Corp.	29,989		1,389,090
Yadkin Financial Corp. (a)	13,056		253,417
			84,453,018
Capital Markets - 1.6%
Actua Corp. (a)	25,824		485,491
Arlington Asset Investment Corp. (d)	13,682		374,613
BGC Partners, Inc. Class A	109,730		930,510
Calamos Asset Management, Inc. Class A	11,643		159,509
CIFI Corp.	3,577		32,908
Cohen & Steers, Inc. (d)	12,656		542,436
CorEnergy Infrastructure Trust, Inc.	18,839		141,481
Cowen Group, Inc. Class A (a)	72,108		291,316
Diamond Hill Investment Group, Inc.	1,805		241,852
Evercore Partners, Inc. Class A	20,897		1,081,838
FBR & Co. (a)	5,936		143,295
Financial Engines, Inc. (d)	32,424		1,292,745
FXCM, Inc. Class A (d)	28,412		467,662
GAMCO Investors, Inc. Class A	4,011		331,389
GFI Group, Inc.	47,463		261,047
Greenhill & Co., Inc.	17,787		800,415
HFF, Inc.	20,773		653,934
INTL FCStone, Inc. (a)	9,191		166,357
Investment Technology Group, Inc. (a)	22,582		404,895
Janus Capital Group, Inc.	94,579		1,417,739
KCG Holdings, Inc. Class A (a)	31,428		335,022
Ladenburg Thalmann Financial Services, Inc. (a)(d)	62,169		265,462
Manning & Napier, Inc. Class A	8,127		128,732
Marcus & Millichap, Inc.	5,002		155,362
Moelis & Co. Class A	4,630		158,161
Oppenheimer Holdings, Inc. Class A (non-vtg.)	7,354		180,541
Piper Jaffray Companies (a)	10,095		569,964
Pzena Investment Management, Inc.	6,767		68,008
RCS Capital Corp. Class A (d)	5,878		96,458
Safeguard Scientifics, Inc. (a)(d)	12,930		257,954
Silvercrest Asset Management Group Class A (a)	3,371		50,329
Stifel Financial Corp. (a)	41,491		1,971,237
SWS Group, Inc. (a)(d)	17,439		128,874
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Capital Markets - continued
Virtus Investment Partners, Inc.	4,443		$ 796,230
Walter Investment Management Corp. (a)(d)	23,767		539,986
Westwood Holdings Group, Inc.	4,585		309,488
WisdomTree Investments, Inc. (d)	67,898		1,001,496
			17,234,736
Consumer Finance - 0.8%
Cash America International, Inc.	17,732		871,528
Consumer Portfolio Services, Inc. (a)	12,510		88,321
Credit Acceptance Corp. (a)(d)	4,392		648,084
Encore Capital Group, Inc. (a)(d)	16,458		749,004
EZCORP, Inc. (non-vtg.) Class A (a)(d)	33,491		377,778
First Cash Financial Services, Inc. (a)	18,527		1,094,575
Green Dot Corp. Class A (a)	19,420		464,138
J.G. Wentworth Co.	7,012		77,973
Nelnet, Inc. Class A	13,479		641,466
Nicholas Financial, Inc. (a)	6,150		75,092
Portfolio Recovery Associates, Inc. (a)(d)	31,682		2,003,887
Regional Management Corp. (a)	6,354		74,088
Springleaf Holdings, Inc.	15,407		576,530
World Acceptance Corp. (a)(d)	4,994		357,870
			8,100,334
Diversified Financial Services - 0.3%
Gain Capital Holdings, Inc. (d)	13,785		118,000
MarketAxess Holdings, Inc.	23,990		1,550,954
Marlin Business Services Corp.	4,983		105,341
NewStar Financial, Inc. (a)	16,892		231,083
PHH Corp. (a)(d)	36,047		853,953
PICO Holdings, Inc. (a)	14,324		316,560
Resource America, Inc. Class A	8,048		76,778
Tiptree Financial, Inc. (a)	4,666		37,701
			3,290,370
Insurance - 2.6%
AMBAC Financial Group, Inc. (a)	28,505		652,194
American Equity Investment Life Holding Co. (d)	46,748		1,206,566
Amerisafe, Inc.	12,169		507,447
Amtrust Financial Services, Inc. (d)	18,867		846,562
Argo Group International Holdings, Ltd.	16,525		922,095
Atlas Financial Holdings, Inc. (a)	6,852		101,615
Baldwin & Lyons, Inc. Class B	5,529		148,841
Citizens, Inc. Class A (a)(d)	27,981		203,981
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
CNO Financial Group, Inc.	137,321		$ 2,489,630
Crawford & Co. Class B	19,315		196,627
Donegal Group, Inc. Class A	4,843		76,616
eHealth, Inc. (a)(d)	11,329		282,659
EMC Insurance Group	3,004		96,248
Employers Holdings, Inc.	19,686		401,398
Enstar Group Ltd. (a)	5,477		810,979
FBL Financial Group, Inc. Class A	6,158		305,314
Federated National Holding Co.	8,665		289,931
Fidelity & Guaranty Life	7,139		169,551
First American Financial Corp.	67,110		2,034,775
Global Indemnity PLC (a)	4,865		140,988
Greenlight Capital Re, Ltd. (a)	17,742		575,728
Hallmark Financial Services, Inc. (a)	8,433		98,329
HCI Group, Inc.	5,652		287,348
Heritage Insurance Holdings, Inc.	4,109		72,976
Hilltop Holdings, Inc. (a)	44,027		969,915
Horace Mann Educators Corp.	25,894		787,437
Independence Holding Co.	4,576		64,750
Infinity Property & Casualty Corp.	7,223		527,351
Kansas City Life Insurance Co.	2,262		112,263
Kemper Corp.	29,416		1,083,980
Maiden Holdings Ltd.	31,247		373,402
Meadowbrook Insurance Group, Inc. (d)	31,579		201,158
Montpelier Re Holdings Ltd. (d)	24,419		809,246
National General Holdings Corp.	22,456		421,050
National Interstate Corp.	4,219		119,988
National Western Life Insurance Co. Class A	1,437		389,427
Navigators Group, Inc. (a)	6,755		459,948
OneBeacon Insurance Group Ltd.	15,314		243,952
Phoenix Companies, Inc. (a)(d)	3,565		211,618
Platinum Underwriters Holdings Ltd.	16,926		1,060,075
Primerica, Inc.	34,620		1,770,813
RLI Corp. (d)	26,997		1,338,781
Safety Insurance Group, Inc.	8,248		514,510
Selective Insurance Group, Inc.	36,609		945,244
State Auto Financial Corp.	9,623		201,409
Stewart Information Services Corp.	13,379		472,546
Symetra Financial Corp.	47,634		1,128,926
Third Point Reinsurance Ltd. (a)	35,714		546,424
United Fire Group, Inc.	12,958		420,876
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Insurance - continued
United Insurance Holdings Corp.	10,421		$ 204,252
Universal Insurance Holdings, Inc.	19,391		339,343
			28,637,082
Real Estate Investment Trusts - 8.9%
Acadia Realty Trust (SBI)	35,362		1,103,294
AG Mortgage Investment Trust, Inc.	17,598		335,594
Agree Realty Corp.	10,092		308,916
Alexanders, Inc.	1,370		605,540
Altisource Residential Corp. Class B	36,061		837,336
American Assets Trust, Inc.	22,441		860,388
American Capital Mortgage Investment Corp.	31,732		621,630
American Realty Capital Heathcare Trust, Inc.	105,985		1,197,631
American Residential Properties, Inc. (a)(d)	20,228		384,332
AmREIT, Inc. Class B (d)	12,289		302,801
Anworth Mortgage Asset Corp.	80,567		418,143
Apollo Commercial Real Estate Finance, Inc. (d)	28,777		473,094
Apollo Residential Mortgage, Inc.	19,773		329,814
Ares Commercial Real Estate Corp.	17,025		207,024
Armada Hoffler Properties, Inc.	15,975		149,846
Armour Residential REIT, Inc.	227,143		899,486
Ashford Hospitality Prime, Inc.	16,053		278,198
Ashford Hospitality Trust, Inc.	43,709		493,912
Associated Estates Realty Corp.	36,179		706,576
Aviv REIT, Inc. (d)	12,178		410,764
Campus Crest Communities, Inc.	40,728		258,216
Capstead Mortgage Corp. (d)	58,619		745,047
CareTrust (REIT), Inc.	12,592		195,554
CatchMark Timber Trust, Inc.	11,343		132,713
Cedar Shopping Centers, Inc.	50,327		346,250
Chambers Street Properties	149,976		1,231,303
Chatham Lodging Trust	21,664		555,032
Chesapeake Lodging Trust	34,663		1,145,266
Colony Financial, Inc.	67,391		1,501,471
Coresite Realty Corp.	13,391		495,735
Cousins Properties, Inc.	138,294		1,799,205
CubeSmart	101,077		2,127,671
CyrusOne, Inc.	21,493		586,974
CYS Investments, Inc. (d)	102,356		914,039
DCT Industrial Trust, Inc.	205,654		1,762,455
DiamondRock Hospitality Co.	123,852		1,777,276
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
DuPont Fabros Technology, Inc. (d)	40,153		$ 1,243,538
Dynex Capital, Inc.	34,637		291,644
EastGroup Properties, Inc.	19,723		1,358,126
Education Realty Trust, Inc.	86,871		978,167
Empire State Realty Trust, Inc. (d)	59,367		947,497
EPR Properties	36,135		2,027,174
Equity One, Inc.	38,813		931,512
Excel Trust, Inc.	39,603		514,839
FelCor Lodging Trust, Inc.	80,977		868,883
First Industrial Realty Trust, Inc.	70,034		1,367,764
First Potomac Realty Trust	36,510		456,375
Franklin Street Properties Corp.	61,956		742,852
Getty Realty Corp. (d)	16,452		306,172
Gladstone Commercial Corp.	13,951		252,513
Glimcher Realty Trust	91,535		1,256,776
Government Properties Income Trust	42,813		976,993
Gramercy Property Trust, Inc. (d)	73,337		458,356
Hannon Armstrong Sustainable Infrastructure Capital, Inc.	14,602		204,136
Hatteras Financial Corp.	59,720		1,137,069
Healthcare Realty Trust, Inc.	60,079		1,590,291
Hersha Hospitality Trust	129,081		941,000
Highwoods Properties, Inc. (SBI)	56,099		2,404,964
Hudson Pacific Properties, Inc. (d)	35,488		969,177
Inland Real Estate Corp.	57,708		612,282
Invesco Mortgage Capital, Inc. (d)	76,330		1,262,498
Investors Real Estate Trust	71,386		599,642
iStar Financial, Inc. (a)	54,487		773,171
Kite Realty Group Trust	20,520		531,263
LaSalle Hotel Properties (SBI)	65,825		2,580,998
Lexington Corporate Properties Trust	129,460		1,418,882
LTC Properties, Inc.	21,833		915,676
Mack-Cali Realty Corp.	56,232		1,053,225
Medical Properties Trust, Inc. (d)	110,110		1,485,384
Monmouth Real Estate Investment Corp. Class A	35,799		400,949
National Health Investors, Inc. (d)	20,975		1,382,462
New Residential Investment Corp.	88,862		1,100,112
New York (REIT), Inc.	102,957		1,155,178
New York Mortgage Trust, Inc. (d)	56,546		441,624
One Liberty Properties, Inc. (d)	7,312		167,372
Owens Realty Mortgage, Inc.	6,412		95,859
Parkway Properties, Inc.	49,500		992,475
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Investment Trusts - continued
Pebblebrook Hotel Trust	42,722		$ 1,819,957
Pennsylvania Real Estate Investment Trust (SBI)	43,511		932,441
PennyMac Mortgage Investment Trust	46,610		1,006,310
Physicians Realty Trust	29,603		454,110
Potlatch Corp.	26,022		1,144,708
PS Business Parks, Inc.	12,890		1,085,596
QTS Realty Trust, Inc. Class A (d)	7,548		265,841
RAIT Financial Trust (d)	51,309		376,095
Ramco-Gershenson Properties Trust (SBI)	48,904		854,842
Redwood Trust, Inc. (d)	52,350		983,657
Resource Capital Corp.	82,158		434,616
Retail Opportunity Investments Corp. (d)	56,879		929,403
Rexford Industrial Realty, Inc.	28,341		437,868
RLJ Lodging Trust	82,569		2,660,373
Rouse Properties, Inc. (d)	23,575		429,301
Ryman Hospitality Properties, Inc. (d)	27,623		1,363,195
Sabra Health Care REIT, Inc.	34,417		983,294
Saul Centers, Inc.	6,264		344,207
Select Income (REIT)	23,820		583,828
Silver Bay Realty Trust Corp.	24,232		410,248
Sovran Self Storage, Inc.	20,968		1,784,167
Stag Industrial, Inc.	36,157		882,231
Starwood Waypoint Residential	24,821		649,814
Strategic Hotel & Resorts, Inc. (a)	156,227		2,007,517
Summit Hotel Properties, Inc.	54,653		636,161
Sun Communities, Inc.	30,545		1,770,694
Sunstone Hotel Investors, Inc.	130,180		1,993,056
Terreno Realty Corp.	20,639		434,657
The GEO Group, Inc.	45,887		1,832,727
Trade Street Residential, Inc.	11,054		76,273
UMH Properties, Inc.	11,437		115,514
Universal Health Realty Income Trust (SBI)	8,029		389,005
Urstadt Biddle Properties, Inc. Class A	16,482		356,506
Washington REIT (SBI) (d)	42,154		1,191,272
Western Asset Mortgage Capital Corp. (d)	26,283		394,771
Whitestone REIT Class B	15,649		234,735
			97,942,386
Real Estate Management & Development - 0.5%
Alexander & Baldwin, Inc.	30,705		1,229,121
Altisource Asset Management Corp. (a)	888		479,520
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - continued
Altisource Portfolio Solutions SA (a)	9,180		$ 685,379
AV Homes, Inc. (a)	6,727		100,838
Consolidated-Tomoka Land Co.	2,551		133,137
Forestar Group, Inc. (a)	21,971		383,394
Kennedy-Wilson Holdings, Inc.	45,271		1,226,391
RE/MAX Holdings, Inc.	7,060		225,920
Tejon Ranch Co. (a)	8,853		267,184
The St. Joe Co. (a)(d)	39,767		761,538
			5,492,422
Thrifts & Mortgage Finance - 1.8%
Astoria Financial Corp.	55,371		728,129
Bank Mutual Corp.	32,125		211,704
BankFinancial Corp.	11,090		132,304
BBX Capital Corp. (a)	5,119		94,190
Beneficial Mutual Bancorp, Inc. (a)	18,660		250,604
Berkshire Hills Bancorp, Inc.	16,061		414,053
BofI Holding, Inc. (a)(d)	9,201		708,661
Brookline Bancorp, Inc., Delaware	45,658		437,860
Capitol Federal Financial, Inc.	90,162		1,154,975
Charter Financial Corp.	13,423		152,217
Clifton Bancorp, Inc.	17,784		231,548
Dime Community Bancshares, Inc.	20,965		330,199
ESB Financial Corp.	8,866		165,440
Essent Group Ltd.	26,294		639,996
EverBank Financial Corp.	57,394		1,099,095
Farmer Mac Class C (non-vtg.)	6,548		218,048
First Defiance Financial Corp.	5,755		176,276
First Financial Northwest, Inc.	8,720		101,152
Flagstar Bancorp, Inc. (a)	12,727		200,068
Fox Chase Bancorp, Inc.	7,223		118,313
Franklin Financial Corp./VA (a)(d)	5,772		119,827
Home Loan Servicing Solutions Ltd.	45,556		875,131
HomeStreet, Inc.	9,987		173,974
Kearny Financial Corp. (a)	8,342		118,790
Ladder Capital Corp. Class A	9,544		181,241
Meridian Bancorp, Inc. (a)	12,099		137,203
Meta Financial Group, Inc.	3,659		137,249
MGIC Investment Corp. (a)(d)	214,439		1,912,796
NMI Holdings, Inc. (a)(d)	31,836		284,932
Northfield Bancorp, Inc.	33,792		481,198
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Thrifts & Mortgage Finance - continued
Northwest Bancshares, Inc.	58,949		$ 756,316
OceanFirst Financial Corp.	7,983		132,278
Oritani Financial Corp.	28,408		419,586
PennyMac Financial Services, Inc. (a)	7,977		132,897
Provident Financial Services, Inc.	38,563		703,003
Radian Group, Inc. (d)	120,377		2,028,352
Stonegate Mortgage Corp. (a)(d)	8,512		123,084
Territorial Bancorp, Inc.	5,202		111,739
Tree.com, Inc. (a)(d)	4,085		151,104
Trustco Bank Corp., New York	60,314		440,292
United Community Financial Corp.	33,941		173,778
United Financial Bancorp, Inc. New	32,774		459,819
Walker & Dunlop, Inc. (a)	12,023		193,691
Washington Federal, Inc.	65,001		1,418,972
Waterstone Financial, Inc.	21,679		265,351
WSFS Financial Corp.	5,594		439,968
			19,937,403
TOTAL FINANCIALS			265,087,751
HEALTH CARE - 13.9%
Biotechnology - 5.1%
ACADIA Pharmaceuticals, Inc. (a)(d)	49,906		1,382,396
Acceleron Pharma, Inc. (a)	10,284		380,302
Achillion Pharmaceuticals, Inc. (a)(d)	61,106		717,996
Acorda Therapeutics, Inc. (a)	26,378		918,482
Actinium Pharmaceuticals, Inc. (a)(d)	13,447		95,070
Adamas Pharmaceuticals, Inc.	1,740		26,500
Aegerion Pharmaceuticals, Inc. (a)(d)	18,566		374,848
Agenus, Inc. (a)	37,061		110,442
Agios Pharmaceuticals, Inc. (a)	8,572		720,305
Akebia Therapeutics, Inc. (a)	4,665		60,458
Alder Biopharmaceuticals, Inc.	4,764		85,323
AMAG Pharmaceuticals, Inc. (a)(d)	13,729		453,194
Anacor Pharmaceuticals, Inc. (a)(d)	20,965		616,581
Applied Genetic Technologies Corp.	3,683		74,028
Ardelyx, Inc.	3,185		69,847
Arena Pharmaceuticals, Inc. (a)(d)	141,796		618,231
ARIAD Pharmaceuticals, Inc. (a)(d)	105,278		627,457
Array BioPharma, Inc. (a)(d)	79,284		284,630
Arrowhead Research Corp. (a)(d)	31,982		208,523
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Auspex Pharmaceuticals, Inc.	6,358		$ 172,302
Avalanche Biotechnologies, Inc. (a)	4,309		154,607
BioCryst Pharmaceuticals, Inc. (a)(d)	44,332		519,571
Biospecifics Technologies Corp. (a)	2,165		86,860
BioTime, Inc. (a)	30,989		105,053
Bluebird Bio, Inc. (a)	13,771		578,244
Cara Therapeutics, Inc. (d)	3,209		28,913
Celldex Therapeutics, Inc. (a)(d)	56,429		945,186
Cellular Dynamics International, Inc. (a)(d)	5,786		44,957
Cepheid, Inc. (a)(d)	44,200		2,343,042
ChemoCentryx, Inc. (a)(d)	16,289		91,544
Chimerix, Inc. (a)(d)	17,010		527,990
Clovis Oncology, Inc. (a)(d)	15,731		938,511
CTI BioPharma Corp. (a)(d)	84,494		206,165
Cytokinetics, Inc. (a)	20,684		75,910
Cytori Therapeutics, Inc. (a)(d)	40,192		20,860
CytRx Corp. (a)(d)	33,215		94,995
Dendreon Corp. (a)(d)	100,201		98,147
Dicerna Pharmaceuticals, Inc.	2,118		19,846
Durata Therapeutics, Inc. (a)	9,884		237,513
Dyax Corp. (a)	85,852		1,061,989
Dynavax Technologies Corp. (a)(d)	165,751		271,832
Eleven Biotherapeutics, Inc. (d)	2,729		28,818
Emergent BioSolutions, Inc. (a)(d)	19,168		433,580
Enanta Pharmaceuticals, Inc. (a)(d)	6,410		275,630
Epizyme, Inc. (a)(d)	8,015		212,638
Esperion Therapeutics, Inc. (a)	4,071		119,077
Exact Sciences Corp. (a)(d)	52,648		1,267,237
Exelixis, Inc. (a)(d)	123,312		209,630
Five Prime Therapeutics, Inc. (a)	12,669		165,204
Flexion Therapeutics, Inc.	2,713		53,148
Foundation Medicine, Inc. (a)(d)	8,722		225,725
Galectin Therapeutics, Inc. (a)(d)	10,728		58,146
Galena Biopharma, Inc. (a)(d)	73,839		151,370
Genocea Biosciences, Inc. (d)	2,327		20,431
Genomic Health, Inc. (a)(d)	10,472		380,552
Geron Corp. (a)(d)	98,100		218,763
Halozyme Therapeutics, Inc. (a)(d)	67,123		645,723
Heron Therapeutics, Inc. (a)	13,895		122,554
Hyperion Therapeutics, Inc. (a)(d)	8,530		207,279
Idera Pharmaceuticals, Inc. (a)(d)	35,854		91,428
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
Immune Design Corp. (a)	3,862		$ 119,683
ImmunoGen, Inc. (a)(d)	55,097		510,198
Immunomedics, Inc. (a)(d)	52,044		205,574
Infinity Pharmaceuticals, Inc. (a)	30,310		412,822
Inovio Pharmaceuticals, Inc. (a)(d)	38,063		432,396
Insmed, Inc. (a)	31,495		446,914
Insys Therapeutics, Inc. (a)(d)	6,207		252,470
Intrexon Corp. (a)(d)	22,566		503,673
Ironwood Pharmaceuticals, Inc. Class A (a)(d)	75,618		1,060,164
Isis Pharmaceuticals, Inc. (a)(d)	74,596		3,435,892
Karyopharm Therapeutics, Inc. (d)	8,460		347,537
Keryx Biopharmaceuticals, Inc. (a)(d)	57,717		972,531
Kindred Biosciences, Inc. (d)	6,249		57,303
Kite Pharma, Inc. (d)	5,413		200,227
KYTHERA Biopharmaceuticals, Inc. (a)(d)	10,860		382,815
Lexicon Pharmaceuticals, Inc. (a)(d)	143,979		208,770
Ligand Pharmaceuticals, Inc. Class B (a)(d)	13,335		737,025
Loxo Oncology, Inc.	2,368		25,551
Macrogenics, Inc.	12,492		265,955
MannKind Corp. (a)(d)	143,760		863,998
Merrimack Pharmaceuticals, Inc. (a)(d)	62,126		569,695
MiMedx Group, Inc. (a)(d)	59,625		606,983
Mirati Therapeutics, Inc. (a)	4,272		71,641
Momenta Pharmaceuticals, Inc. (a)	29,841		325,565
NanoViricides, Inc. (a)(d)	23,872		90,952
Navidea Biopharmaceuticals, Inc. (a)(d)	105,156		141,961
Neuralstem, Inc. (a)(d)	43,239		118,907
Neurocrine Biosciences, Inc. (a)	48,541		898,979
NewLink Genetics Corp. (a)(d)	12,651		413,055
Northwest Biotherapeutics, Inc. (a)(d)	25,474		133,993
Novavax, Inc. (a)(d)	150,765		844,284
NPS Pharmaceuticals, Inc. (a)	67,549		1,850,843
Ohr Pharmaceutical, Inc. (a)(d)	12,525		90,806
OncoMed Pharmaceuticals, Inc. (a)(d)	7,923		164,561
Oncothyreon, Inc. (a)	51,192		92,146
Ophthotech Corp. (a)	8,648		360,795
Opko Health, Inc. (a)(d)	124,772		1,041,846
Orexigen Therapeutics, Inc. (a)(d)	79,850		324,191
Organovo Holdings, Inc. (a)(d)	38,848		254,066
Osiris Therapeutics, Inc. (a)(d)	12,856		175,227
Otonomy, Inc.	4,530		119,366
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Biotechnology - continued
OvaScience, Inc. (a)(d)	9,673		$ 188,914
PDL BioPharma, Inc. (d)	101,531		866,059
Peregrine Pharmaceuticals, Inc. (a)(d)	119,732		191,571
Portola Pharmaceuticals, Inc. (a)(d)	27,400		780,900
Progenics Pharmaceuticals, Inc. (a)(d)	43,533		210,264
Prothena Corp. PLC (a)	17,648		387,021
PTC Therapeutics, Inc. (a)(d)	15,639		639,166
Puma Biotechnology, Inc. (a)	14,730		3,691,292
Radius Health, Inc. (a)	5,079		93,504
Raptor Pharmaceutical Corp. (a)(d)	40,862		392,684
Receptos, Inc. (a)	11,700		1,212,705
Regado Biosciences, Inc. (a)(d)	9,200		9,384
Regulus Therapeutics, Inc. (a)(d)	8,996		179,560
Repligen Corp. (a)(d)	20,615		519,910
Retrophin, Inc. (a)(d)	13,742		133,023
Rigel Pharmaceuticals, Inc. (a)	52,125		103,208
Sage Therapeutics, Inc. (a)	3,630		142,006
Sangamo Biosciences, Inc. (a)(d)	42,477		515,671
Sarepta Therapeutics, Inc. (a)(d)	25,305		409,182
Spectrum Pharmaceuticals, Inc. (a)(d)	41,225		312,486
Stemline Therapeutics, Inc. (a)(d)	6,877		105,837
Sunesis Pharmaceuticals, Inc. (a)(d)	30,947		52,610
Synageva BioPharma Corp. (a)(d)	13,511		1,023,323
Synergy Pharmaceuticals, Inc. (a)(d)	63,537		217,932
Synta Pharmaceuticals Corp. (a)(d)	40,869		120,972
T2 Biosystems, Inc.	3,811		61,548
TESARO, Inc. (a)(d)	12,029		334,647
TG Therapeutics, Inc. (a)(d)	14,630		160,784
Threshold Pharmaceuticals, Inc. (a)(d)	31,107		91,144
Ultragenyx Pharma, Inc. (d)	4,333		203,694
Vanda Pharmaceuticals, Inc. (a)(d)	21,196		254,564
Verastem, Inc. (a)(d)	12,470		118,340
Versartis, Inc. (a)(d)	4,127		82,169
Vital Therapies, Inc.	3,811		65,778
Xencor, Inc.	8,725		94,143
XOMA Corp. (a)(d)	52,449		225,006
Zafgen, Inc.	4,380		93,294
ZIOPHARM Oncology, Inc. (a)(d)	55,573		184,502
			55,935,740
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - 3.3%
Abaxis, Inc.	14,151		$ 745,192
Abiomed, Inc. (a)(d)	25,321		830,276
Accuray, Inc. (a)(d)	48,257		305,467
Analogic Corp.	7,969		581,259
Angiodynamics, Inc. (a)(d)	15,499		263,483
Anika Therapeutics, Inc. (a)(d)	9,412		377,798
Antares Pharma, Inc. (a)(d)	76,462		158,276
Atricure, Inc. (a)	17,126		298,677
Atrion Corp.	973		321,100
Cantel Medical Corp.	21,964		931,274
Cardiovascular Systems, Inc. (a)	17,474		541,694
Cerus Corp. (a)(d)	45,690		190,070
CONMED Corp.	17,157		720,422
Cryolife, Inc.	18,455		189,348
Cyberonics, Inc. (a)(d)	16,944		889,560
Cynosure, Inc. Class A (a)	13,981		353,579
Derma Sciences, Inc. (a)	13,484		122,704
DexCom, Inc. (a)	47,685		2,143,441
Endologix, Inc. (a)(d)	40,336		459,830
Exactech, Inc. (a)	6,708		142,880
Genmark Diagnostics, Inc. (a)(d)	26,131		297,893
Globus Medical, Inc. (a)	41,451		918,969
Greatbatch, Inc. (a)	15,649		785,423
Haemonetics Corp. (a)	33,268		1,254,869
HeartWare International, Inc. (a)(d)	10,732		827,652
ICU Medical, Inc. (a)	8,451		599,176
Inogen, Inc.	3,045		71,892
Insulet Corp. (a)(d)	35,360		1,526,491
Integra LifeSciences Holdings Corp. (a)	15,725		803,705
Invacare Corp.	20,195		317,263
K2M Group Holdings, Inc.	5,255		84,606
Ldr Holding Corp. (d)	10,625		365,925
Masimo Corp. (a)	30,522		770,375
Meridian Bioscience, Inc. (d)	26,665		494,369
Merit Medical Systems, Inc. (a)	26,870		407,081
Natus Medical, Inc. (a)	20,200		686,800
Neogen Corp. (a)(d)	23,142		1,015,934
NuVasive, Inc. (a)	29,421		1,203,319
NxStage Medical, Inc. (a)	39,791		603,232
Ocular Therapeutix, Inc.	3,683		56,239
OraSure Technologies, Inc. (a)	34,883		312,203
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Equipment & Supplies - continued
Orthofix International NV (a)	11,470		$ 336,645
Oxford Immunotec Global PLC (a)	7,743		119,552
PhotoMedex, Inc. (a)(d)	7,749		29,756
Quidel Corp. (a)(d)	17,840		509,332
Rockwell Medical Technologies, Inc. (a)(d)	25,494		222,308
Roka Bioscience, Inc. (a)(d)	3,328		32,947
RTI Biologics, Inc. (a)	35,733		181,881
Staar Surgical Co. (a)(d)	23,969		229,383
Steris Corp. (d)	37,157		2,296,303
SurModics, Inc. (a)	9,135		197,773
Symmetry Medical, Inc. (a)	23,155		229,235
Tandem Diabetes Care, Inc. (d)	4,991		80,155
The Spectranetics Corp. (a)(d)	26,222		833,073
Thoratec Corp. (a)	35,738		971,359
Tornier NV (a)	22,663		633,431
TransEnterix, Inc. (a)	17,071		69,991
TriVascular Technologies, Inc.	4,424		58,618
Unilife Corp. (a)(d)	68,765		252,368
Utah Medical Products, Inc.	2,238		127,118
Vascular Solutions, Inc. (a)	10,694		314,511
Veracyte, Inc.	3,870		31,231
Volcano Corp. (a)	33,906		343,129
West Pharmaceutical Services, Inc.	44,854		2,298,768
Wright Medical Group, Inc. (a)	31,477		995,303
Zeltiq Aesthetics, Inc. (a)	18,646		478,083
			35,841,999
Health Care Providers & Services - 2.6%
Acadia Healthcare Co., Inc. (a)	27,120		1,682,796
Addus HomeCare Corp. (a)	3,762		74,751
Adeptus Health, Inc. Class A	3,556		117,988
Air Methods Corp. (a)(d)	24,849		1,173,618
Alliance Healthcare Services, Inc. (a)	2,972		71,714
Almost Family, Inc. (a)	5,570		163,981
Amedisys, Inc. (a)	17,515		457,142
AMN Healthcare Services, Inc. (a)	28,926		496,081
AmSurg Corp. (a)	26,884		1,452,005
Bio-Reference Laboratories, Inc. (a)	15,514		466,041
BioScrip, Inc. (a)(d)	42,570		275,002
BioTelemetry, Inc. (a)	15,717		131,866
Capital Senior Living Corp. (a)	18,215		409,838
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
Chemed Corp. (d)	10,897		$ 1,126,314
Corvel Corp. (a)	7,047		242,558
Cross Country Healthcare, Inc. (a)	19,334		186,960
ExamWorks Group, Inc. (a)(d)	21,842		847,033
Five Star Quality Care, Inc. (a)	25,622		105,819
Gentiva Health Services, Inc. (a)	20,148		396,916
Hanger, Inc. (a)(d)	22,749		544,384
HealthEquity, Inc. (a)	6,536		133,334
HealthSouth Corp.	55,838		2,251,947
Healthways, Inc. (a)(d)	19,550		303,025
IPC The Hospitalist Co., Inc. (a)	10,682		445,012
Kindred Healthcare, Inc.	40,605		883,159
Landauer, Inc.	6,338		226,837
LHC Group, Inc. (a)	8,259		201,107
Magellan Health Services, Inc. (a)	17,440		1,055,469
Molina Healthcare, Inc. (a)(d)	19,078		927,954
MWI Veterinary Supply, Inc. (a)	8,160		1,384,385
National Healthcare Corp.	6,586		397,202
National Research Corp. Class A (a)	5,912		93,942
NeoStem, Inc. (a)(d)	14,093		72,297
Owens & Minor, Inc. (d)	39,968		1,331,734
PharMerica Corp. (a)	18,871		541,409
Providence Service Corp. (a)	7,133		315,136
RadNet, Inc. (a)	20,825		193,673
Select Medical Holdings Corp.	49,721		716,977
Skilled Healthcare Group, Inc. (a)	13,946		96,646
Surgical Care Affiliates, Inc.	8,317		255,166
Team Health Holdings, Inc. (a)(d)	44,237		2,766,582
The Ensign Group, Inc.	12,474		482,993
Triple-S Management Corp. (a)	15,491		342,971
Trupanion, Inc. (d)	5,358		35,684
U.S. Physical Therapy, Inc.	7,881		340,065
Universal American Spin Corp. (a)(d)	28,193		262,759
Wellcare Health Plans, Inc. (a)	27,792		1,886,243
			28,366,515
Health Care Technology - 0.6%
Castlight Health, Inc. Class B (a)	7,710		96,452
Computer Programs & Systems, Inc.	7,201		453,519
HealthStream, Inc. (a)(d)	13,193		408,455
HMS Holdings Corp. (a)(d)	55,272		1,283,969
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Technology - continued
Imprivata, Inc.	3,768		$ 58,743
MedAssets, Inc. (a)	38,459		833,022
Medidata Solutions, Inc. (a)(d)	34,457		1,554,355
Merge Healthcare, Inc. (a)	42,085		115,734
Omnicell, Inc. (a)	23,074		745,521
Quality Systems, Inc.	32,171		486,104
Vocera Communications, Inc. (a)	15,597		161,429
			6,197,303
Life Sciences Tools & Services - 0.4%
Accelerate Diagnostics, Inc. (a)(d)	14,066		305,514
Affymetrix, Inc. (a)(d)	45,502		409,973
Albany Molecular Research, Inc. (a)(d)	14,601		339,619
Cambrex Corp. (a)	19,732		415,951
Enzo Biochem, Inc. (a)	20,348		106,217
Fluidigm Corp. (a)(d)	17,617		510,893
Furiex Pharmaceuticals, Inc. rights 12/31/99 (a)	4,241		41,435
Luminex Corp. (a)	24,230		460,370
Nanostring Technologies, Inc. (a)(d)	5,982		63,708
Pacific Biosciences of California, Inc. (a)	35,981		236,035
PAREXEL International Corp. (a)	35,931		1,951,413
Sequenom, Inc. (a)(d)	72,529		237,170
			5,078,298
Pharmaceuticals - 1.9%
AcelRx Pharmaceuticals, Inc. (a)(d)	14,761		97,865
Achaogen, Inc. (a)	4,109		43,638
Aerie Pharmaceuticals, Inc. (d)	6,568		165,645
Akorn, Inc. (a)(d)	39,519		1,760,571
Alimera Sciences, Inc. (a)	15,616		89,011
Amphastar Pharmaceuticals, Inc. (a)	5,887		59,694
Ampio Pharmaceuticals, Inc. (a)(d)	24,358		94,509
ANI Pharmaceuticals, Inc. (a)	4,676		158,797
Aratana Therapeutics, Inc. (a)	17,974		201,309
AstraZeneca PLC rights (a)	1,000		0
Auxilium Pharmaceuticals, Inc. (a)(d)	31,651		1,018,213
Avanir Pharmaceuticals, Inc. Class A (a)	122,523		1,585,448
Bio Path Holdings, Inc. (a)(d)	51,864		151,443
Biodelivery Sciences International, Inc. (a)(d)	26,969		469,261
Catalent, Inc. (a)	30,926		805,004
Cempra, Inc. (a)(d)	14,834		201,742
Corcept Therapeutics, Inc. (a)	31,772		103,259
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
DepoMed, Inc. (a)(d)	36,306		$ 559,112
Egalet Corp. (d)	2,361		17,731
Endocyte, Inc. (a)(d)	23,209		138,906
Horizon Pharma PLC (a)(d)	41,241		533,659
Impax Laboratories, Inc. (a)	44,476		1,288,470
Intersect ENT, Inc.	3,777		71,725
Intra-Cellular Therapies, Inc. (a)	10,769		166,920
Lannett Co., Inc. (a)(d)	16,231		920,622
Nektar Therapeutics (a)(d)	80,014		1,103,393
Omeros Corp. (a)(d)	21,139		350,273
Pacira Pharmaceuticals, Inc. (a)(d)	22,637		2,101,166
Pain Therapeutics, Inc. (a)	22,654		39,418
Pernix Therapeutics Holdings, Inc. (a)(d)	20,772		202,527
Phibro Animal Health Corp. Class A	9,174		237,790
Pozen, Inc.	17,909		162,435
Prestige Brands Holdings, Inc. (a)	32,697		1,158,128
Relypsa, Inc. (d)	10,540		216,808
Repros Therapeutics, Inc. (a)(d)	14,363		91,061
Revance Therapeutics, Inc. (d)	5,109		102,997
Sagent Pharmaceuticals, Inc. (a)(d)	13,844		438,024
SciClone Pharmaceuticals, Inc. (a)(d)	32,294		246,726
Sucampo Pharmaceuticals, Inc. Class A (a)(d)	10,561		91,036
Supernus Pharmaceuticals, Inc. (a)(d)	18,413		147,856
Tetraphase Pharmaceuticals, Inc. (a)	16,763		400,636
The Medicines Company (a)(d)	41,245		1,044,323
TherapeuticsMD, Inc. (a)	66,811		296,641
Theravance Biopharma, Inc. (a)	14,617		267,491
Theravance, Inc. (d)	52,055		833,921
VIVUS, Inc. (a)(d)	56,155		190,365
XenoPort, Inc. (a)	36,272		245,924
Zogenix, Inc. (a)(d)	73,155		92,907
ZS Pharma, Inc.	4,276		160,863
			20,925,263
TOTAL HEALTH CARE			152,345,118
INDUSTRIALS - 13.9%
Aerospace & Defense - 1.7%
AAR Corp.	24,967		661,626
AeroVironment, Inc. (a)(d)	11,886		364,306
American Science & Engineering, Inc.	5,026		277,938
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Aerospace & Defense - continued
Astronics Corp. (a)(d)	12,087		$ 626,227
Cubic Corp.	12,998		627,024
Curtiss-Wright Corp.	30,662		2,122,117
DigitalGlobe, Inc. (a)	47,992		1,372,091
Ducommun, Inc. (a)	6,827		180,301
Engility Holdings, Inc. (a)	11,255		486,216
Erickson Air-Crane, Inc. (a)(d)	3,605		50,614
Esterline Technologies Corp. (a)	20,042		2,347,119
GenCorp, Inc. (non-vtg.) (a)(d)	37,326		633,049
HEICO Corp. (d)	42,538		2,307,261
KEYW Holding Corp. (a)(d)	20,459		207,659
Kratos Defense & Security Solutions, Inc. (a)	30,333		211,421
LMI Aerospace, Inc. (a)(d)	6,405		84,418
Moog, Inc. Class A (a)	28,192		2,157,816
National Presto Industries, Inc. (d)	3,244		204,567
Orbital Sciences Corp. (a)(d)	38,111		1,002,319
SIFCO Industries, Inc.	1,510		51,370
Sparton Corp. (a)	6,444		174,632
Taser International, Inc. (a)(d)	34,036		641,238
Teledyne Technologies, Inc. (a)	23,607		2,446,393
			19,237,722
Air Freight & Logistics - 0.5%
Air Transport Services Group, Inc. (a)	32,737		267,789
Atlas Air Worldwide Holdings, Inc. (a)(d)	15,860		585,551
Echo Global Logistics, Inc. (a)(d)	14,714		384,477
Forward Air Corp.	19,785		947,108
Hub Group, Inc. Class A (a)	23,231		843,053
Park-Ohio Holdings Corp.	5,501		292,158
UTi Worldwide, Inc. (a)(d)	59,577		651,177
XPO Logistics, Inc. (a)(d)	33,419		1,334,086
			5,305,399
Airlines - 0.4%
Allegiant Travel Co.	8,731		1,165,327
CHC Group Ltd. (a)	22,869		153,680
CHC Group Ltd. rights 11/14/14 (a)	19,977		0
Hawaiian Holdings, Inc. (a)(d)	28,665		497,051
JetBlue Airways Corp. (a)(d)	157,754		1,820,481
Republic Airways Holdings, Inc. (a)	31,093		389,284
SkyWest, Inc.	32,251		371,532
			4,397,355
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Building Products - 0.8%
AAON, Inc.	26,823		$ 527,072
Advanced Drain Systems, Inc. Del (a)	9,502		207,524
American Woodmark Corp. (a)	7,664		313,534
Apogee Enterprises, Inc.	18,359		805,960
Builders FirstSource, Inc. (a)(d)	31,554		187,115
Continental Building Products, Inc. (a)(d)	6,977		102,841
Gibraltar Industries, Inc. (a)	19,345		295,011
Griffon Corp.	25,077		308,196
Insteel Industries, Inc.	11,446		272,873
Masonite International Corp. (a)	18,563		1,003,516
NCI Building Systems, Inc. (a)(d)	17,400		345,738
Norcraft Companies, Inc.	4,429		75,293
Nortek, Inc. (a)	5,675		472,614
Patrick Industries, Inc. (a)	5,080		217,018
PGT, Inc. (a)	29,432		276,808
Ply Gem Holdings, Inc. (a)(d)	13,373		151,784
Quanex Building Products Corp.	23,738		475,235
Simpson Manufacturing Co. Ltd.	26,213		867,126
Trex Co., Inc. (a)(d)	21,169		910,267
Universal Forest Products, Inc.	12,559		627,573
			8,443,098
Commercial Services & Supplies - 2.3%
ABM Industries, Inc.	36,701		1,014,416
ACCO Brands Corp. (a)	73,471		604,666
ARC Document Solutions, Inc. (a)	25,666		260,510
Brady Corp. Class A	30,420		725,213
Casella Waste Systems, Inc. Class A (a)	23,252		104,634
CECO Environmental Corp. (d)	14,510		207,783
Cenveo, Inc. (a)(d)	33,001		75,242
Civeo Corp.	59,093		720,344
Deluxe Corp.	31,677		1,925,962
Ennis, Inc.	17,569		260,548
G&K Services, Inc. Class A	12,866		811,459
Healthcare Services Group, Inc. (d)	44,901		1,337,152
Heritage-Crystal Clean, Inc. (a)(d)	5,455		98,954
Herman Miller, Inc.	37,321		1,194,272
HNI Corp. (d)	28,480		1,328,592
InnerWorkings, Inc. (a)(d)	22,137		201,004
Interface, Inc.	42,587		682,670
Kimball International, Inc. Class B	21,555		387,559
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Commercial Services & Supplies - continued
Knoll, Inc.	30,570		$ 608,037
Matthews International Corp. Class A	18,663		859,991
McGrath RentCorp.	16,361		597,667
Mobile Mini, Inc.	29,420		1,289,479
Msa Safety, Inc.	18,768		1,078,597
Multi-Color Corp.	7,805		384,787
NL Industries, Inc.	4,051		29,532
Performant Financial Corp. (a)	19,717		170,158
Quad/Graphics, Inc.	17,404		383,758
Quest Resource Holding Corp. (a)	7,584		11,831
SP Plus Corp. (a)(d)	9,849		214,905
Steelcase, Inc. Class A	52,156		924,204
Team, Inc. (a)	13,125		553,088
Tetra Tech, Inc.	41,247		1,105,832
The Brink's Co.	31,702		665,742
U.S. Ecology, Inc.	13,624		685,015
UniFirst Corp.	9,378		1,046,210
United Stationers, Inc.	25,597		1,069,187
Viad Corp.	12,820		327,038
West Corp.	24,289		777,248
			24,723,286
Construction & Engineering - 0.8%
Aegion Corp. (a)	23,819		436,364
Ameresco, Inc. Class A (a)	11,827		97,454
Argan, Inc.	7,813		271,971
Comfort Systems U.S.A., Inc.	23,816		365,814
Dycom Industries, Inc. (a)	22,122		694,410
EMCOR Group, Inc.	42,427		1,872,304
Furmanite Corp. (a)	24,871		186,035
Granite Construction, Inc.	25,265		932,531
Great Lakes Dredge & Dock Corp. (a)	37,930		265,131
Layne Christensen Co. (a)(d)	11,810		85,032
MasTec, Inc. (a)(d)	41,167		1,179,023
MYR Group, Inc. (a)	13,293		344,820
Northwest Pipe Co. (a)	6,673		238,760
Orion Marine Group, Inc. (a)	18,658		204,492
Pike Corp. (a)	16,887		201,631
Primoris Services Corp.	24,039		690,400
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Construction & Engineering - continued
Sterling Construction Co., Inc. (a)	11,179		$ 98,599
Tutor Perini Corp. (a)	24,175		677,142
			8,841,913
Electrical Equipment - 1.0%
AZZ, Inc.	16,180		756,577
Capstone Turbine Corp. (a)(d)	205,380		205,380
Encore Wire Corp.	12,921		490,223
EnerSys	29,899		1,877,657
Enphase Energy, Inc. (a)	11,388		171,048
Franklin Electric Co., Inc.	30,237		1,129,050
FuelCell Energy, Inc. (a)(d)	145,878		294,674
Generac Holdings, Inc. (a)(d)	43,693		1,981,041
General Cable Corp.	30,342		429,946
Global Power Equipment Group, Inc.	11,362		154,864
GrafTech International Ltd. (a)(d)	76,511		328,232
LSI Industries, Inc.	12,827		91,841
Plug Power, Inc. (a)(d)	107,608		506,834
Polypore International, Inc. (a)(d)	28,397		1,247,196
Powell Industries, Inc.	5,815		264,757
Power Solutions International, Inc. (a)(d)	2,799		183,335
PowerSecure International, Inc. (a)(d)	13,984		156,201
Preformed Line Products Co.	1,574		89,702
Revolution Lighting Technologies, Inc. (a)(d)	19,498		33,732
TCP International Holdings Ltd.	4,698		32,604
Thermon Group Holdings, Inc. (a)	21,667		528,025
Vicor Corp. (a)	10,967		149,261
			11,102,180
Industrial Conglomerates - 0.0%
Raven Industries, Inc.	22,707		575,622
Machinery - 3.2%
Accuride Corp. (a)	22,917		110,460
Actuant Corp. Class A	44,292		1,403,613
Alamo Group, Inc.	4,570		195,779
Albany International Corp. Class A	17,566		663,643
Altra Industrial Motion Corp.	17,203		542,239
American Railcar Industries, Inc. (d)	5,987		394,004
ARC Group Worldwide, Inc. (a)(d)	1,827		24,920
Astec Industries, Inc.	11,881		450,409
Barnes Group, Inc.	34,188		1,249,913
Blount International, Inc. (a)	30,780		471,242
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
Briggs & Stratton Corp.	29,069		$ 587,484
Chart Industries, Inc. (a)(d)	19,190		893,295
CIRCOR International, Inc.	11,168		839,275
CLARCOR, Inc. (d)	31,896		2,135,756
Columbus McKinnon Corp. (NY Shares)	12,412		353,121
Commercial Vehicle Group, Inc. (a)	15,755		103,195
Douglas Dynamics, Inc.	13,946		289,101
Dynamic Materials Corp.	9,430		171,720
Energy Recovery, Inc. (a)(d)	22,919		104,969
EnPro Industries, Inc. (a)	14,312		923,553
ESCO Technologies, Inc.	16,514		627,862
ExOne Co. (a)(d)	6,208		152,531
Federal Signal Corp.	40,065		568,923
FreightCar America, Inc. (d)	7,499		247,242
Global Brass & Copper Holdings, Inc.	14,721		206,094
Gorman-Rupp Co.	12,002		380,943
Graham Corp.	6,434		215,539
Greenbrier Companies, Inc. (d)	17,364		1,085,945
Harsco Corp.	51,339		1,113,030
Hillenbrand, Inc.	39,684		1,321,080
Hurco Companies, Inc.	4,060		156,432
Hyster-Yale Materials Handling Class A	6,475		508,223
John Bean Technologies Corp.	18,552		556,003
Kadant, Inc.	6,961		287,768
L.B. Foster Co. Class A	6,650		359,699
Lindsay Corp. (d)	8,084		708,967
Lydall, Inc. (a)	10,589		327,518
Manitex International, Inc. (a)(d)	8,231		94,080
Meritor, Inc. (a)	61,819		710,300
Miller Industries, Inc.	6,730		133,052
Mueller Industries, Inc.	35,974		1,167,716
Mueller Water Products, Inc. Class A	100,357		990,524
NN, Inc.	11,024		275,600
Omega Flex, Inc.	1,714		45,627
Proto Labs, Inc. (a)(d)	14,269		932,765
RBC Bearings, Inc.	14,737		895,273
Rexnord Corp. (a)(d)	47,717		1,410,037
Standex International Corp.	8,068		695,865
Sun Hydraulics Corp.	14,270		568,089
Tennant Co.	11,639		858,143
Titan International, Inc. (d)	27,611		291,572
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Machinery - continued
TriMas Corp. (a)	28,531		$ 903,291
Twin Disc, Inc.	4,920		128,018
Wabash National Corp. (a)	43,125		444,188
Watts Water Technologies, Inc. Class A	17,921		1,086,550
Woodward, Inc.	41,940		2,147,747
Xerium Technologies, Inc. (a)	6,493		96,876
			34,606,803
Marine - 0.2%
Baltic Trading Ltd.	29,297		109,864
International Shipholding Corp.	3,385		67,835
Knightsbridge Shipping Ltd. (d)	21,042		184,749
Matson, Inc.	27,083		771,595
Navios Maritime Holdings, Inc.	52,394		308,601
Safe Bulkers, Inc.	24,617		131,455
Scorpio Bulkers, Inc. (a)	84,211		411,792
Ultrapetrol (Bahamas) Ltd. (a)	12,724		38,299
			2,024,190
Professional Services - 1.4%
Acacia Research Corp.	32,187		579,366
Advisory Board Co. (a)(d)	23,062		1,237,738
Barrett Business Services, Inc. (d)	4,470		105,090
CBIZ, Inc. (a)(d)	27,427		253,151
CDI Corp.	8,395		144,310
Corp. Resources Services, Inc. (a)(d)	10,455		12,755
Corporate Executive Board Co.	21,336		1,572,463
CRA International, Inc. (a)	6,538		196,140
Exponent, Inc.	8,211		655,402
Franklin Covey Co. (a)	6,522		127,896
FTI Consulting, Inc. (a)(d)	25,718		1,038,493
GP Strategies Corp. (a)	9,223		305,835
Heidrick & Struggles International, Inc.	11,441		238,202
Hill International, Inc. (a)	19,449		75,462
Huron Consulting Group, Inc. (a)	14,778		1,028,697
ICF International, Inc. (a)	12,445		452,251
Insperity, Inc.	14,016		442,345
Kelly Services, Inc. Class A (non-vtg.)	17,228		303,730
Kforce, Inc.	17,382		402,393
Korn/Ferry International (a)	31,497		879,711
MISTRAS Group, Inc. (a)	10,640		175,454
Navigant Consulting, Inc. (a)	30,673		472,057
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Professional Services - continued
On Assignment, Inc. (a)	34,151		$ 993,794
Paylocity Holding Corp. (a)(d)	5,698		139,601
Pendrell Corp. (a)	108,451		181,113
Resources Connection, Inc.	24,572		380,129
RPX Corp. (a)	34,266		481,437
TriNet Group, Inc.	9,791		292,947
TrueBlue, Inc. (a)	26,177		647,095
VSE Corp.	2,955		178,127
WageWorks, Inc. (a)(d)	22,121		1,261,118
			15,254,302
Road & Rail - 0.7%
ArcBest Corp.	16,489		638,124
Celadon Group, Inc.	13,187		256,619
Heartland Express, Inc. (d)	34,175		859,160
Knight Transportation, Inc. (d)	37,751		1,104,594
Marten Transport Ltd.	14,815		290,670
P.A.M. Transportation Services, Inc. (a)	1,918		82,436
Patriot Transportation Holding, Inc. (a)	4,564		193,331
Quality Distribution, Inc. (a)	17,299		224,195
Roadrunner Transportation Systems, Inc. (a)	17,703		364,859
Saia, Inc. (a)	15,580		763,732
Swift Transporation Co. (a)	53,803		1,328,934
U.S.A. Truck, Inc. (a)(d)	3,730		63,037
Universal Truckload Services, Inc.	3,914		103,016
Werner Enterprises, Inc. (d)	28,245		777,867
YRC Worldwide, Inc. (a)(d)	20,462		438,705
			7,489,279
Trading Companies & Distributors - 0.9%
Aceto Corp.	18,417		418,803
Aircastle Ltd.	41,785		797,258
Applied Industrial Technologies, Inc.	26,986		1,317,187
Beacon Roofing Supply, Inc. (a)(d)	30,945		856,248
CAI International, Inc. (a)(d)	10,274		216,268
DXP Enterprises, Inc. (a)	8,301		550,273
General Finance Corp. (a)(d)	6,592		56,823
H&E Equipment Services, Inc.	19,712		737,032
Houston Wire & Cable Co.	10,578		143,438
Kaman Corp.	17,081		735,508
Rush Enterprises, Inc. Class A (a)	21,694		826,541
Stock Building Supply Holdings, Inc. (a)	9,260		145,289
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Trading Companies & Distributors - continued
TAL International Group, Inc. (d)	21,458		$ 925,484
Textainer Group Holdings Ltd.	13,495		464,768
Titan Machinery, Inc. (a)(d)	11,379		156,575
Watsco, Inc.	16,100		1,636,082
			9,983,577
Transportation Infrastructure - 0.0%
Wesco Aircraft Holdings, Inc. (a)	33,112		587,738
TOTAL INDUSTRIALS			152,572,464
INFORMATION TECHNOLOGY - 17.6%
Communications Equipment - 1.6%
ADTRAN, Inc.	35,862		760,633
Alliance Fiber Optic Products, Inc. (d)	7,495		96,760
Applied Optoelectronics, Inc. (a)(d)	9,285		149,860
Aruba Networks, Inc. (a)	68,127		1,470,181
Bel Fuse, Inc. Class B (non-vtg.)	6,606		186,884
Black Box Corp.	9,751		214,424
CalAmp Corp. (a)(d)	23,377		450,709
Calix Networks, Inc. (a)	26,074		281,860
Ciena Corp. (a)(d)	66,260		1,110,518
Clearfield, Inc. (a)(d)	6,790		99,677
Comtech Telecommunications Corp.	9,549		363,530
Digi International, Inc. (a)	15,110		125,111
Emulex Corp. (a)	47,302		267,729
Extreme Networks, Inc. (a)(d)	59,707		214,348
Finisar Corp. (a)(d)	60,980		1,019,586
Harmonic, Inc. (a)	59,456		396,572
Infinera Corp. (a)(d)	78,134		1,135,287
InterDigital, Inc. (d)	25,466		1,258,784
Ixia (a)	36,421		350,734
KVH Industries, Inc. (a)	9,444		122,016
NETGEAR, Inc. (a)(d)	23,277		792,349
NumereX Corp. Class A (a)(d)	8,706		113,526
Oclaro, Inc. (a)(d)	55,745		87,520
Oplink Communications, Inc.	11,019		229,746
Parkervision, Inc. (a)(d)	57,595		75,449
Plantronics, Inc.	27,302		1,416,155
Polycom, Inc. (a)	87,299		1,141,871
Procera Networks, Inc. (a)(d)	12,303		92,149
Ruckus Wireless, Inc. (a)(d)	40,912		531,038
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Communications Equipment - continued
ShoreTel, Inc. (a)	39,078		$ 316,141
Sonus Networks, Inc. (a)	154,493		536,091
Tessco Technologies, Inc.	3,396		107,823
Ubiquiti Networks, Inc. (d)	18,714		669,400
ViaSat, Inc. (a)(d)	26,437		1,656,014
			17,840,475
Electronic Equipment & Components - 2.6%
Agilysys, Inc. (a)	8,728		98,626
Anixter International, Inc.	17,379		1,480,169
Badger Meter, Inc.	9,171		522,013
Belden, Inc.	27,831		1,981,289
Benchmark Electronics, Inc. (a)	34,402		816,015
Checkpoint Systems, Inc. (a)	26,051		345,436
Cognex Corp. (a)	55,232		2,184,978
Coherent, Inc. (a)	15,837		1,031,781
Control4 Corp. (a)	6,806		105,561
CTS Corp.	21,270		391,368
CUI Global, Inc. (a)(d)	12,284		100,483
Daktronics, Inc.	23,630		314,515
DTS, Inc. (a)	10,558		314,417
Electro Rent Corp.	9,767		148,849
Electro Scientific Industries, Inc.	14,574		103,475
Fabrinet (a)	21,855		397,980
FARO Technologies, Inc. (a)	11,226		628,656
FEI Co.	26,871		2,264,688
GSI Group, Inc. (a)	19,377		248,994
II-VI, Inc. (a)	33,295		449,150
Insight Enterprises, Inc. (a)	26,373		599,986
InvenSense, Inc. (a)(d)	44,785		725,965
Itron, Inc. (a)	24,754		963,673
KEMET Corp. (a)	32,091		154,037
Littelfuse, Inc.	14,172		1,382,337
Maxwell Technologies, Inc. (a)(d)	18,764		218,788
Mercury Systems, Inc. (a)	20,862		291,651
Mesa Laboratories, Inc.	1,660		126,774
Methode Electronics, Inc. Class A	23,919		941,930
MTS Systems Corp.	9,508		627,623
Multi-Fineline Electronix, Inc. (a)	5,253		53,318
Newport Corp. (a)	25,069		448,484
OSI Systems, Inc. (a)	12,546		889,260
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Park Electrochemical Corp.	13,094		$ 337,825
PC Connection, Inc.	5,758		137,328
Plexus Corp. (a)	22,128		914,993
RealD, Inc. (a)	25,144		284,630
Rofin-Sinar Technologies, Inc. (a)	17,955		402,012
Rogers Corp. (a)	11,456		783,247
Sanmina Corp. (a)	52,251		1,309,933
ScanSource, Inc. (a)	18,350		700,603
Speed Commerce, Inc. (a)(d)	29,048		86,273
SYNNEX Corp.	17,968		1,243,026
TTM Technologies, Inc. (a)(d)	34,812		240,551
Universal Display Corp. (a)(d)	25,549		799,173
Viasystems Group, Inc. (a)	3,082		48,911
Vishay Precision Group, Inc. (a)	7,578		128,750
			28,769,524
Internet Software & Services - 2.5%
Aerohive Networks, Inc. (d)	5,673		28,365
Amber Road, Inc. (a)(d)	5,314		70,942
Angie's List, Inc. (a)(d)	27,321		190,427
Bankrate, Inc. (a)(d)	43,907		476,830
Bazaarvoice, Inc. (a)(d)	31,486		234,571
Benefitfocus, Inc. (a)(d)	2,911		80,664
Blucora, Inc. (a)(d)	26,765		453,667
Borderfree, Inc. (a)	3,558		38,996
Brightcove, Inc. (a)(d)	19,113		122,514
Carbonite, Inc. (a)	10,542		115,329
Care.com, Inc.	3,912		32,470
ChannelAdvisor Corp. (a)(d)	12,947		179,834
comScore, Inc. (a)	21,992		926,743
Constant Contact, Inc. (a)(d)	20,430		722,405
Conversant, Inc. (a)	42,436		1,495,869
Cornerstone OnDemand, Inc. (a)(d)	33,635		1,219,941
Cvent, Inc. (a)(d)	11,233		291,384
DealerTrack Holdings, Inc. (a)(d)	34,231		1,610,569
Demand Media, Inc. (a)	5,194		36,566
Demandware, Inc. (a)(d)	18,927		1,134,674
Dice Holdings, Inc. (a)	24,356		242,829
Digital River, Inc. (a)	20,794		531,703
E2open, Inc. (a)(d)	13,807		80,633
EarthLink Holdings Corp.	64,564		231,139
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
Endurance International Group Holdings, Inc. (d)	18,810		$ 312,622
Envestnet, Inc. (a)	21,647		961,560
Everyday Health, Inc.	4,504		61,570
Five9, Inc. (d)	7,262		31,953
Global Eagle Entertainment, Inc. (a)(d)	23,826		291,392
Gogo, Inc. (a)(d)	35,093		582,895
GrubHub, Inc.	5,576		202,743
GTT Communications, Inc. (a)	8,389		108,889
Internap Network Services Corp. (a)	34,567		276,882
IntraLinks Holdings, Inc. (a)	24,716		213,546
j2 Global, Inc.	29,990		1,622,159
Limelight Networks, Inc. (a)	35,565		86,779
Liquidity Services, Inc. (a)	15,816		202,128
LivePerson, Inc. (a)	35,132		505,901
LogMeIn, Inc. (a)	15,248		732,666
Marchex, Inc. Class B	19,556		74,899
Marin Software, Inc. (a)(d)	17,293		154,772
Marketo, Inc. (a)(d)	16,129		520,483
Millennial Media, Inc. (a)(d)	44,886		92,016
Monster Worldwide, Inc. (a)	57,169		220,672
Move, Inc. (a)	24,815		519,874
NIC, Inc.	42,199		777,728
Opower, Inc. (d)	4,625		83,990
Perficient, Inc. (a)	21,953		363,981
Q2 Holdings, Inc. (a)	5,889		88,865
QuinStreet, Inc. (a)	20,658		83,665
RealNetworks, Inc. (a)	13,674		94,351
Reis, Inc.	4,919		115,105
Rightside Group Ltd. (a)(d)	5,194		49,187
Rocket Fuel, Inc. (a)(d)	11,452		178,880
SciQuest, Inc. (a)(d)	17,214		256,661
Shutterstock, Inc. (a)(d)	9,914		770,913
SPS Commerce, Inc. (a)(d)	10,403		606,495
Stamps.com, Inc. (a)	8,880		327,672
TechTarget, Inc. (a)	9,871		94,169
Textura Corp. (a)	11,587		308,678
Travelzoo, Inc. (a)	4,378		57,308
Tremor Video, Inc. (a)(d)	21,123		49,639
TrueCar, Inc. (d)	4,630		77,784
Trulia, Inc. (a)	23,259		1,085,032
Unwired Planet, Inc. (a)(d)	58,346		90,436
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - continued
VistaPrint Ltd. (a)(d)	21,143		$ 1,413,621
Web.com Group, Inc. (a)(d)	32,745		672,255
WebMD Health Corp. (a)(d)	24,456		1,043,782
Wix.com Ltd. (a)	8,708		147,949
XO Group, Inc. (a)	17,312		220,382
Xoom Corp. (a)(d)	19,288		291,249
YuMe, Inc. (a)(d)	10,795		53,867
Zix Corp. (a)	39,832		131,446
			27,860,555
IT Services - 2.5%
Acxiom Corp. (a)	48,580		915,247
Blackhawk Network Holdings, Inc. (a)(d)	33,518		1,158,382
CACI International, Inc. Class A (a)	14,644		1,205,055
Cardtronics, Inc. (a)(d)	28,352		1,088,433
Cass Information Systems, Inc.	7,355		349,657
Ciber, Inc. (a)	51,158		167,287
Computer Task Group, Inc.	8,967		78,910
Convergys Corp.	63,949		1,289,851
CSG Systems International, Inc. (d)	21,512		570,283
Datalink Corp. (a)	12,828		162,274
EPAM Systems, Inc. (a)(d)	22,634		1,080,547
Euronet Worldwide, Inc. (a)	32,385		1,738,103
EVERTEC, Inc.	41,255		936,489
ExlService Holdings, Inc. (a)	20,676		578,721
Forrester Research, Inc.	7,134		287,358
Global Cash Access Holdings, Inc. (a)	40,896		298,132
Hackett Group, Inc.	14,936		104,701
Heartland Payment Systems, Inc. (d)	22,747		1,174,883
Higher One Holdings, Inc. (a)	20,233		51,999
iGATE Corp. (a)	23,201		859,597
Information Services Group, Inc. (a)	19,445		82,252
Lionbridge Technologies, Inc. (a)	40,342		194,852
Luxoft Holding, Inc. (a)	4,902		196,031
ManTech International Corp. Class A	15,041		423,555
Maximus, Inc.	42,844		2,076,220
ModusLink Global Solutions, Inc. (a)(d)	22,019		77,067
MoneyGram International, Inc. (a)	18,199		156,511
Neustar, Inc. Class A (a)(d)	35,321		932,828
PRG-Schultz International, Inc. (a)	17,907		94,728
Sapient Corp. (a)	72,202		1,250,539
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
IT Services - continued
Science Applications International Corp.	26,704		$ 1,306,093
ServiceSource International, Inc. (a)(d)	44,919		171,591
Sykes Enterprises, Inc. (a)	25,490		549,055
Syntel, Inc. (a)	9,743		843,841
Teletech Holdings, Inc. (a)	11,022		284,478
Unisys Corp. (a)(d)	32,225		826,249
Virtusa Corp. (a)	16,445		673,916
WEX, Inc. (a)	24,555		2,788,466
			27,024,181
Semiconductors & Semiconductor Equipment - 3.6%
Advanced Energy Industries, Inc. (a)(d)	26,008		514,438
Alpha & Omega Semiconductor Ltd. (a)	12,868		119,286
Ambarella, Inc. (a)(d)	18,393		814,626
Amkor Technology, Inc. (a)	53,614		363,503
Applied Micro Circuits Corp. (a)(d)	48,521		313,931
Audience, Inc. (a)(d)	8,339		31,104
Axcelis Technologies, Inc. (a)	78,623		171,398
Brooks Automation, Inc.	41,840		515,887
Cabot Microelectronics Corp. (a)	15,300		737,919
Cascade Microtech, Inc. (a)	7,609		81,721
Cavium, Inc. (a)(d)	33,636		1,725,863
Ceva, Inc. (a)	13,726		223,734
Cirrus Logic, Inc. (a)(d)	39,005		752,797
Cohu, Inc.	16,036		163,567
Cypress Semiconductor Corp. (d)	99,244		983,508
Diodes, Inc. (a)	23,216		599,669
DSP Group, Inc. (a)	13,188		127,792
Entegris, Inc. (a)	88,729		1,204,940
Entropic Communications, Inc. (a)	58,908		147,270
Exar Corp. (a)	24,946		238,234
Fairchild Semiconductor International, Inc. (a)	78,648		1,207,247
FormFactor, Inc. (a)	34,688		276,463
Inphi Corp. (a)	19,574		303,006
Integrated Device Technology, Inc. (a)	84,891		1,393,061
Integrated Silicon Solution, Inc.	18,941		257,219
International Rectifier Corp. (a)	44,781		1,780,940
Intersil Corp. Class A	81,293		1,080,384
IXYS Corp.	16,048		187,280
Kopin Corp. (a)	43,659		165,904
Lattice Semiconductor Corp. (a)	74,436		499,466
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Semiconductors & Semiconductor Equipment - continued
M/A-COM Technology Solutions, Inc. (a)	7,533		$ 165,651
MaxLinear, Inc. Class A (a)	16,588		117,609
Micrel, Inc.	27,687		336,120
Microsemi Corp. (a)	60,809		1,585,291
MKS Instruments, Inc.	34,090		1,240,876
Monolithic Power Systems, Inc.	24,280		1,072,933
Nanometrics, Inc. (a)	15,297		207,121
NVE Corp. (a)	3,019		216,402
Omnivision Technologies, Inc. (a)	35,568		952,511
PDF Solutions, Inc. (a)	19,293		250,230
Peregrine Semiconductor Corp. (a)	17,259		214,529
Pericom Semiconductor Corp. (a)	15,852		173,262
Photronics, Inc. (a)	38,715		348,048
PMC-Sierra, Inc. (a)	111,806		870,969
Power Integrations, Inc.	19,193		966,559
QuickLogic Corp. (a)(d)	32,838		94,573
Rambus, Inc. (a)(d)	71,814		822,270
RF Micro Devices, Inc. (a)(d)	181,429		2,360,391
Rubicon Technology, Inc. (a)(d)	15,576		69,002
Rudolph Technologies, Inc. (a)(d)	21,697		190,500
Semtech Corp. (a)	42,322		1,074,132
Silicon Image, Inc. (a)	48,985		262,560
Silicon Laboratories, Inc. (a)	27,592		1,257,919
Spansion, Inc. Class A (a)	38,102		784,139
Synaptics, Inc. (a)(d)	22,836		1,562,667
Tessera Technologies, Inc.	34,012		1,033,625
TriQuint Semiconductor, Inc. (a)	108,719		2,351,592
Ultra Clean Holdings, Inc. (a)	18,479		162,246
Ultratech, Inc. (a)(d)	17,399		332,843
Veeco Instruments, Inc. (a)(d)	25,195		906,768
Vitesse Semiconductor Corp. (a)	42,948		149,459
Xcerra Corp. (a)	33,051		280,603
			39,395,557
Software - 4.3%
A10 Networks, Inc. (a)(d)	7,573		33,321
ACI Worldwide, Inc. (a)	71,841		1,382,221
Actuate Corp. (a)	27,427		117,662
Advent Software, Inc.	32,544		1,124,721
American Software, Inc. Class A	14,670		141,712
Aspen Technology, Inc. (a)	58,678		2,166,979
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
AVG Technologies NV (a)	21,623		$ 387,484
Barracuda Networks, Inc.	5,113		164,383
Blackbaud, Inc.	29,065		1,293,393
Bottomline Technologies, Inc. (a)(d)	26,342		660,921
BroadSoft, Inc. (a)	17,900		409,910
Callidus Software, Inc. (a)	28,910		407,342
CommVault Systems, Inc. (a)	30,178		1,338,093
Compuware Corp.	138,830		1,409,125
Comverse, Inc. (a)	14,159		308,666
Covisint Corp. (a)(d)	23,900		69,071
Cyan, Inc. (a)	16,369		51,562
Digimarc Corp. (d)	3,889		112,742
Ebix, Inc. (d)	19,075		281,356
Ellie Mae, Inc. (a)(d)	18,140		696,213
EnerNOC, Inc. (a)(d)	16,738		247,220
EPIQ Systems, Inc.	19,339		310,198
ePlus, Inc. (a)	3,423		209,043
Fair Isaac Corp.	20,810		1,296,463
Fleetmatics Group PLC (a)(d)	23,643		878,101
Gigamon, Inc. (a)(d)	15,137		226,147
Globant SA (a)	4,326		55,978
Glu Mobile, Inc. (a)(d)	55,520		214,862
Guidance Software, Inc. (a)(d)	10,611		71,412
Guidewire Software, Inc. (a)(d)	43,312		2,163,001
Imperva, Inc. (a)(d)	14,242		583,495
Infoblox, Inc. (a)	34,998		564,868
Interactive Intelligence Group, Inc. (a)(d)	10,494		506,440
Jive Software, Inc. (a)	27,963		170,854
Kofax Ltd. (a)(d)	46,197		293,351
Manhattan Associates, Inc. (a)	48,097		1,929,171
Mavenir Systems, Inc. (d)	7,576		92,882
Mentor Graphics Corp.	60,941		1,291,340
MicroStrategy, Inc. Class A (a)	5,725		921,038
MobileIron, Inc. (d)	7,777		78,237
Model N, Inc. (a)	11,476		111,891
Monotype Imaging Holdings, Inc.	25,059		716,938
NetScout Systems, Inc. (a)	22,958		846,232
Park City Group, Inc. (a)(d)	5,682		47,842
Paycom Software, Inc. (d)	3,880		68,870
Pegasystems, Inc.	22,188		480,814
Progress Software Corp. (a)	32,310		836,829
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Software - continued
Proofpoint, Inc. (a)(d)	23,396		$ 1,030,360
PROS Holdings, Inc. (a)	14,791		413,852
QAD, Inc. Class A	3,641		78,318
Qlik Technologies, Inc. (a)	57,144		1,620,032
Qualys, Inc. (a)(d)	12,548		402,540
Rally Software Development Corp. (a)(d)	15,523		158,645
RealPage, Inc. (a)	33,350		662,665
Rosetta Stone, Inc. (a)	12,641		120,974
Sapiens International Corp. NV (a)(d)	14,597		115,608
SeaChange International, Inc. (a)	22,353		151,106
Silver Spring Networks, Inc. (a)(d)	21,892		209,725
SS&C Technologies Holdings, Inc. (a)	43,548		2,104,239
Synchronoss Technologies, Inc. (a)(d)	22,235		1,148,882
Take-Two Interactive Software, Inc. (a)	52,957		1,400,713
Tangoe, Inc. (a)(d)	24,368		357,479
TeleCommunication Systems, Inc. Class A (a)	28,669		82,567
TeleNav, Inc. (a)	16,217		117,087
The Rubicon Project, Inc.	4,713		54,011
TiVo, Inc. (a)	72,745		949,322
Tubemogul, Inc. (a)(d)	2,383		37,032
Tyler Technologies, Inc. (a)	20,927		2,342,150
Ultimate Software Group, Inc. (a)	18,044		2,715,802
Varonis Systems, Inc. (d)	3,172		61,791
Vasco Data Security International, Inc. (a)	18,827		476,700
Verint Systems, Inc. (a)	37,989		2,183,988
VirnetX Holding Corp. (a)(d)	26,407		155,009
Vringo, Inc. (a)	42,545		43,821
Zendesk, Inc. (d)	7,085		184,210
			47,149,022
Technology Hardware, Storage & Peripherals - 0.5%
Cray, Inc. (a)(d)	26,022		901,923
Dot Hill Systems Corp. (a)	38,915		153,714
Eastman Kodak Co. (a)(d)	11,022		237,745
Electronics for Imaging, Inc. (a)	29,351		1,341,928
Immersion Corp. (a)	17,732		149,303
Intevac, Inc. (a)	14,235		105,339
Nimble Storage, Inc.	5,771		157,895
QLogic Corp. (a)	54,997		649,515
Quantum Corp. (a)(d)	161,055		206,150
Silicon Graphics International Corp. (a)(d)	21,692		188,287
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Technology Hardware, Storage & Peripherals - continued
Super Micro Computer, Inc. (a)	21,641		$ 691,646
Violin Memory, Inc. (a)(d)	50,083		242,402
			5,025,847
TOTAL INFORMATION TECHNOLOGY			193,065,161
MATERIALS - 4.8%
Chemicals - 2.3%
A. Schulman, Inc.	18,514		655,581
Advanced Emissions Solutions, Inc. (a)	13,554		274,062
American Vanguard Corp.	18,054		208,343
Axiall Corp.	44,415		1,789,925
Balchem Corp.	19,185		1,241,270
Calgon Carbon Corp. (a)	33,646		707,575
Chase Corp.	4,011		143,875
Chemtura Corp. (a)	58,301		1,357,830
Ferro Corp. (a)	45,275		594,008
Flotek Industries, Inc. (a)(d)	33,985		753,108
FutureFuel Corp.	13,746		183,097
H.B. Fuller Co.	31,815		1,335,276
Hawkins, Inc.	7,110		273,806
Innophos Holdings, Inc.	13,810		787,170
Innospec, Inc.	15,520		626,542
Intrepid Potash, Inc. (a)(d)	35,391		476,009
KMG Chemicals, Inc.	5,722		101,279
Koppers Holdings, Inc.	12,730		502,580
Kraton Performance Polymers, Inc. (a)	20,456		365,958
Kronos Worldwide, Inc.	14,059		188,953
Landec Corp. (a)	17,787		223,938
LSB Industries, Inc. (a)(d)	12,065		452,799
Marrone Bio Innovations, Inc. (a)(d)	10,289		26,957
Minerals Technologies, Inc.	21,809		1,672,968
Olin Corp.	50,560		1,225,574
OM Group, Inc.	20,715		539,211
OMNOVA Solutions, Inc. (a)	29,923		210,359
PolyOne Corp.	59,651		2,207,684
Quaker Chemical Corp.	8,628		708,186
Rentech, Inc. (a)(d)	142,734		226,947
Senomyx, Inc. (a)(d)	26,496		209,848
Sensient Technologies Corp.	31,267		1,850,381
Stepan Co.	12,021		532,290
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Chemicals - continued
Taminco Corp. (a)	17,779		$ 460,298
Trecora Resources (a)	13,067		171,831
Tredegar Corp.	15,662		297,891
Trinseo SA	7,226		104,416
Tronox Ltd. Class A	38,803		938,257
Zep, Inc.	14,994		240,804
			24,866,886
Construction Materials - 0.1%
Headwaters, Inc. (a)	46,133		585,889
U.S. Concrete, Inc. (a)(d)	8,820		217,854
United States Lime & Minerals, Inc.	1,168		81,888
			885,631
Containers & Packaging - 0.4%
AEP Industries, Inc. (a)	2,664		122,517
Berry Plastics Group, Inc. (a)	56,905		1,480,668
Graphic Packaging Holding Co. (a)	206,089		2,499,860
Myers Industries, Inc.	17,165		256,445
UFP Technologies, Inc. (a)	3,614		79,580
			4,439,070
Metals & Mining - 1.2%
A.M. Castle & Co. (a)(d)	11,179		82,166
AK Steel Holding Corp. (a)(d)	112,133		848,847
Allied Nevada Gold Corp. (a)(d)	65,235		90,677
Ampco-Pittsburgh Corp.	4,943		107,708
Century Aluminum Co. (a)	32,475		950,868
Coeur d'Alene Mines Corp. (a)(d)	65,086		240,818
Commercial Metals Co.	74,531		1,288,641
Globe Specialty Metals, Inc.	41,712		784,603
Gold Resource Corp.	22,422		87,222
Handy & Harman Ltd. (a)	2,913		102,858
Haynes International, Inc.	7,756		360,576
Hecla Mining Co. (d)	228,935		499,078
Horsehead Holding Corp. (a)(d)	33,073		519,577
Kaiser Aluminum Corp.	11,423		794,470
Materion Corp.	12,964		511,430
Molycorp, Inc. (a)(d)	114,099		157,457
Noranda Aluminium Holding Corp.	26,406		116,450
Olympic Steel, Inc.	5,422		109,091
RTI International Metals, Inc. (a)	20,086		473,025
Ryerson Holding Corp.	6,859		87,658
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Metals & Mining - continued
Schnitzer Steel Industries, Inc. Class A (d)	16,587		$ 390,624
Stillwater Mining Co. (a)(d)	75,574		992,287
SunCoke Energy, Inc.	44,078		1,053,464
U.S. Silica Holdings, Inc. (d)	34,231		1,536,972
Universal Stainless & Alloy Products, Inc. (a)	4,205		108,111
Walter Energy, Inc. (d)	39,199		94,470
Worthington Industries, Inc.	32,509		1,256,473
			13,645,621
Paper & Forest Products - 0.8%
Boise Cascade Co. (a)	24,832		895,442
Clearwater Paper Corp. (a)	12,853		827,091
Deltic Timber Corp.	6,973		453,873
Kapstone Paper & Packaging Corp. (a)	53,744		1,653,165
Louisiana-Pacific Corp. (a)(d)	89,813		1,311,270
Neenah Paper, Inc.	10,486		639,751
P.H. Glatfelter Co.	27,012		681,513
Resolute Forest Products (a)	43,005		798,173
Schweitzer-Mauduit International, Inc.	19,255		829,120
Wausau-Mosinee Paper Corp.	26,539		262,471
			8,351,869
TOTAL MATERIALS			52,189,077
TELECOMMUNICATION SERVICES - 0.8%
Diversified Telecommunication Services - 0.7%
8x8, Inc. (a)(d)	55,174		433,668
Atlantic Tele-Network, Inc.	5,956		400,184
Cincinnati Bell, Inc. (a)	132,013		484,488
Cogent Communications Group, Inc.	29,506		1,001,434
Consolidated Communications Holdings, Inc. (d)	32,483		841,310
FairPoint Communications, Inc. (a)(d)	13,068		216,929
General Communications, Inc. Class A (a)	22,561		264,641
Globalstar, Inc. (a)(d)	171,252		405,867
Hawaiian Telcom Holdco, Inc. (a)(d)	6,304		169,578
IDT Corp. Class B	11,264		185,631
inContact, Inc. (a)(d)	38,344		341,262
Inteliquent, Inc.	20,216		340,235
Intelsat SA (a)(d)	17,203		334,770
Iridium Communications, Inc. (a)(d)	50,926		483,797
Lumos Networks Corp.	12,185		209,582
Common Stocks - continued
	Shares		Value
TELECOMMUNICATION SERVICES - continued
Diversified Telecommunication Services - continued
ORBCOMM, Inc. (a)	29,960		$ 189,347
Premiere Global Services, Inc. (a)	30,278		317,011
VocalTec Communications Ltd. (a)	10,619		98,757
Vonage Holdings Corp. (a)	109,556		381,255
			7,099,746
Wireless Telecommunication Services - 0.1%
Boingo Wireless, Inc. (a)(d)	13,814		96,836
Leap Wireless International, Inc. rights	29,000		73,080
NTELOS Holdings Corp. (d)	10,090		101,707
RingCentral, Inc. (a)(d)	17,472		229,582
Shenandoah Telecommunications Co.	15,150		448,289
Spok Holdings, Inc.	13,632		221,384
			1,170,878
TOTAL TELECOMMUNICATION SERVICES			8,270,624
UTILITIES - 3.5%
Electric Utilities - 1.3%
Allete, Inc.	26,924		1,406,510
Cleco Corp.	38,170		2,052,019
El Paso Electric Co.	25,487		964,428
Empire District Electric Co. (d)	26,798		762,135
IDACORP, Inc.	31,727		2,006,098
MGE Energy, Inc.	21,720		965,888
NRG Yield, Inc. Class A (d)	15,035		751,299
Otter Tail Corp.	23,969		743,039
PNM Resources, Inc.	50,192		1,448,039
Portland General Electric Co.	48,992		1,783,799
Spark Energy, Inc. Class A, (d)	2,028		32,854
UIL Holdings Corp.	36,034		1,482,439
Unitil Corp.	9,097		316,939
			14,715,486
Gas Utilities - 1.1%
Chesapeake Utilities Corp.	9,270		448,946
Laclede Group, Inc.	27,018		1,371,704
New Jersey Resources Corp.	26,626		1,557,088
Northwest Natural Gas Co.	16,914		793,774
ONE Gas, Inc.	32,900		1,248,555
Piedmont Natural Gas Co., Inc. (d)	49,357		1,876,060
South Jersey Industries, Inc.	21,266		1,247,038
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Gas Utilities - continued
Southwest Gas Corp.	29,274		$ 1,700,527
WGL Holdings, Inc.	33,132		1,557,204
			11,800,896
Independent Power and Renewable Electricity Producers - 0.2%
Abengoa Yield PLC	18,410		598,325
Ormat Technologies, Inc. (d)	11,029		319,290
Pattern Energy Group, Inc.	24,771		712,909
Terraform Power, Inc. (a)	14,834		422,176
			2,052,700
Independent Power Producers & Energy Traders - 0.4%
Atlantic Power Corp. (d)	75,317		168,403
Black Hills Corp.	28,293		1,548,476
Dynegy, Inc. (a)	77,524		2,364,482
			4,081,361
Multi-Utilities - 0.2%
Avista Corp. (d)	37,502		1,329,446
NorthWestern Energy Corp.	24,658		1,302,929
			2,632,375
Water Utilities - 0.3%
American States Water Co.	24,879		890,171
Artesian Resources Corp. Class A	4,623		102,954
California Water Service Group	32,139		836,578
Connecticut Water Service, Inc.	7,428		276,099
Middlesex Water Co.	10,508		236,955
SJW Corp.	10,055		321,358
York Water Co.	7,708		169,422
			2,833,537
TOTAL UTILITIES			38,116,355
TOTAL COMMON STOCKS (Cost $989,414,309)		1,089,403,696

U.S. Treasury Obligations - 0.1%
	Principal Amount
U.S. Treasury Bills, yield at date of purchase 0.05% 3/5/15 (e) (Cost $999,817)	$ 1,000,000	999,856

Money Market Funds - 27.4%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	14,563,686		$ 14,563,686
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	285,941,083		285,941,083
TOTAL MONEY MARKET FUNDS (Cost $300,504,769)		300,504,769
TOTAL INVESTMENT PORTFOLIO - 126.9% (Cost $1,290,918,895)			1,390,908,321
NET OTHER ASSETS (LIABILITIES) - (26.9)%			(294,617,985)
NET ASSETS - 100%		$ 1,096,290,336

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
64 ICE Russell 2000 Mini Index Contracts (United States)	Dec. 2014	$ 7,494,400	$ 715,324

The face value of futures purchased as a percentage of net assets is 0.7%

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan at period end.

(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $783,887.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$ 6,186
Fidelity Securities Lending Cash Central Fund	1,383,437
Total	$ 1,389,623

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 143,108,113	$ 143,108,113	$ -	$ -
Consumer Staples	34,420,248	34,420,248	-	-
Energy	50,228,785	50,227,172	-	1,613
Financials	265,087,751	265,087,751	-	-
Health Care	152,345,118	152,303,683	-	41,435
Industrials	152,572,464	152,572,464	-	-
Information Technology	193,065,161	193,065,161	-	-
Materials	52,189,077	52,189,077	-	-
Telecommunication Services	8,270,624	8,197,544	-	73,080
Utilities	38,116,355	38,116,355	-	-
U.S. Government and Government Agency Obligations	999,856	-	999,856	-
Money Market Funds	300,504,769	300,504,769	-	-
Total Investments in Securities:	$ 1,390,908,321	$ 1,389,792,337	$ 999,856	$ 116,128
Derivative Instruments:
Assets
Futures Contracts	$ 715,324	$ 715,324	$ -	$ -

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Equity Risk
Futures Contracts (a)	$ 715,324	$ -
Total Value of Derivatives	$ 715,324	$ -

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index

Financial Statements

Statement of Assets and Liabilities

	October 31, 2014 (Unaudited)

Assets
Investment in securities, at value (including securities loaned of $282,079,298) - See accompanying schedule: Unaffiliated issuers (cost $990,414,126)	$ 1,090,403,552
Fidelity Central Funds (cost $300,504,769)	300,504,769
Total Investments (cost $1,290,918,895)		$ 1,390,908,321
Receivable for fund shares sold		2,539,938
Dividends receivable		381,187
Distributions receivable from Fidelity Central Funds		231,201
Receivable for daily variation margin for derivative instruments		246,929
Receivable from investment adviser for expense reductions		109,212
Other receivables		485,921
Total assets		1,394,902,709

Liabilities
Payable for investments purchased	$ 10,014,315
Payable for fund shares redeemed	2,473,710
Accrued management fee	127,148
Other affiliated payables	56,117
Collateral on securities loaned, at value	285,941,083
Total liabilities		298,612,373

Net Assets		$ 1,096,290,336
Net Assets consist of:
Paid in capital		$ 967,259,051
Undistributed net investment income		7,207,146
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions		21,119,347
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies		100,704,792
Net Assets		$ 1,096,290,336

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Assets and Liabilities - continued

	October 31, 2014 (Unaudited)

Investor Class: Net Asset Value, offering price and redemption price per share ($24,277,732 ÷ 1,451,104 shares)		$ 16.73

Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($769,379,122 ÷ 45,919,209 shares)		$ 16.76

Institutional Class: Net Asset Value, offering price and redemption price per share ($298,563,119 ÷ 17,815,131 shares)		$ 16.76

Fidelity Advantage Institutional Class: Net Asset Value, offering price and redemption price per share ($4,070,363 ÷ 242,871 shares)		$ 16.76

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Spartan Small Cap Index
Financial Statements - continued

Statement of Operations

Six months ended October 31, 2014 (Unaudited)

Investment Income
Dividends		$ 6,215,843
Interest		188
Income from Fidelity Central Funds (including $1,383,437 from security lending)		1,389,623
Total income		7,605,654

Expenses
Management fee	$ 764,780
Transfer agent fees	338,912
Independent trustees' compensation	2,257
Miscellaneous	691
Total expenses before reductions	1,106,640
Expense reductions	(659,381)	447,259
Net investment income (loss)		7,158,395
Realized and Unrealized Gain (Loss) Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers	21,750,670
Foreign currency transactions	183
Futures contracts	(200,592)
Total net realized gain (loss)		21,550,261
Change in net unrealized appreciation (depreciation) on: Investment securities	23,260,462
Assets and liabilities in foreign currencies	32
Futures contracts	692,417
Total change in net unrealized appreciation (depreciation)		23,952,911
Net gain (loss)		45,503,172
Net increase (decrease) in net assets resulting from operations		$ 52,661,567

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Statement of Changes in Net Assets

	Six months ended October 31, 2014 (Unaudited)	Year ended April 30, 2014
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$ 7,158,395	$ 7,924,604
Net realized gain (loss)	21,550,261	9,936,654
Change in net unrealized appreciation (depreciation)	23,952,911	54,094,962
Net increase (decrease) in net assets resulting from operations	52,661,567	71,956,220
Distributions to shareholders from net investment income	(3,258,878)	(4,986,490)
Distributions to shareholders from net realized gain	(4,422,223)	(6,296,385)
Total distributions	(7,681,101)	(11,282,875)
Share transactions - net increase (decrease)	130,716,911	623,676,829
Redemption fees	123,429	287,609
Total increase (decrease) in net assets	175,820,806	684,637,783

Net Assets
Beginning of period	920,469,530	235,831,747
End of period (including undistributed net investment income of $7,207,146 and undistributed net investment income of $3,307,629, respectively)	$ 1,096,290,336	$ 920,469,530

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Investor Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.06	$ 13.59	$ 11.78	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.10	.19	.18	.09
Net realized and unrealized gain (loss)	.69	2.56	1.85	1.73
Total from investment operations	.79	2.75	2.03	1.82
Distributions from net investment income	(.04)	(.12)	(.14)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.12) ^L	(.29) ^J	(.23) ^K	(.04)
Redemption fees added to paid in capital^D	- ^I	.01	.01	- ^I
Net asset value, end of period	$ 16.73	$ 16.06	$ 13.59	$ 11.78
Total Return^{B, C}	4.90%	20.46%	17.63%	18.27%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.36% ^A	.36%	.36%	.36% ^A
Expenses net of fee waivers, if any	.23% ^A	.23%	.29%	.31% ^A
Expenses net of all reductions	.23% ^A	.23%	.29%	.31% ^A
Net investment income (loss)	1.26% ^A	1.18%	1.54%	1.20% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 24,278	$ 21,013	$ 8,079	$ 12,116
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.29 per share is comprised of distributions from net investment income of $.116 and distributions from net realized gain of $.178 per share.

^K Total distributions of $.23 per share is comprised of distributions from net investment income of $.141 and distributions from net realized gain of $.084 per share.

^L Total distributions of $.12 per share is comprised of distributions from net investment income of $.043 and distributions from net realized gain of $.072 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.08	$ 13.61	$ 11.79	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.11	.21	.21	.10
Net realized and unrealized gain (loss)	.69	2.57	1.84	1.73
Total from investment operations	.80	2.78	2.05	1.83
Distributions from net investment income	(.05)	(.14)	(.15)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.12)	(.32)	(.24) ^J	(.04)
Redemption fees added to paid in capital^D	-^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.08	$ 13.61	$ 11.79
Total Return^{B, C}	5.02%	20.61%	17.81%	18.38%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.23% ^A	.23%	.23%	.23% ^A
Expenses net of fee waivers, if any	.09% ^A	.09%	.12%	.17% ^A
Expenses net of all reductions	.09% ^A	.09%	.12%	.17% ^A
Net investment income (loss)	1.40% ^A	1.32%	1.71%	1.34% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 769,379	$ 632,741	$ 197,995	$ 23,851
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.24 per share is comprised of distributions from net investment income of $.151 and distributions from net realized gain of $.084 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.09	$ 13.61	$ 11.80	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.21	.22	.10
Net realized and unrealized gain (loss)	.68	2.58	1.82	1.74
Total from investment operations	.80	2.79	2.04	1.84
Distributions from net investment income	(.05)	(.14)	(.15)	(.04)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.13) ^K	(.32)	(.24) ^J	(.04)
Redemption fees added to paid in capital^D	- ^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.09	$ 13.61	$ 11.80
Total Return^{B, C}	4.96%	20.71%	17.74%	18.49%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.17% ^A	.17%	.17%	.17% ^A
Expenses net of fee waivers, if any	.07% ^A	.07%	.10%	.13% ^A
Expenses net of all reductions	.07% ^A	.07%	.10%	.13% ^A
Net investment income (loss)	1.42% ^A	1.34%	1.73%	1.38% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 298,563	$ 263,061	$ 27,675	$ 574
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

^J Total distributions of $.24 per share is comprised of distributions from net investment income of $.155 and distributions from net realized gain of $.084 per share.

^K Total distributions of $.13 per share is comprised of distributions from net investment income of $.0543 and distributions from net realized gain of $.072 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Financial Highlights - Fidelity Advantage Institutional Class

	Six months ended October 31, 2014	Years ended April 30,
	(Unaudited)	2014	2013	2012 ^G
Selected Per-Share Data
Net asset value, beginning of period	$ 16.09	$ 13.61	$ 11.80	$ 10.00
Income from Investment Operations
Net investment income (loss) ^D	.12	.21	.23	.10
Net realized and unrealized gain (loss)	.68	2.58	1.81	1.75
Total from investment operations	.80	2.79	2.04	1.85
Distributions from net investment income	(.06)	(.14)	(.16)	(.05)
Distributions from net realized gain	(.07)	(.18)	(.08)	-
Total distributions	(.13)	(.32)	(.24)	(.05)
Redemption fees added to paid in capital^D	-^I	.01	.01	- ^I
Net asset value, end of period	$ 16.76	$ 16.09	$ 13.61	$ 11.80
Total Return^{B, C}	4.97%	20.73%	17.77%	18.50%
Ratios to Average Net Assets^{E, H}
Expenses before reductions	.15% ^A	.15%	.15%	.15% ^A
Expenses net of fee waivers, if any	.05% ^A	.05%	.06%	.11% ^A
Expenses net of all reductions	.05% ^A	.05%	.06%	.11% ^A
Net investment income (loss)	1.44% ^A	1.36%	1.77%	1.40% ^A
Supplemental Data
Net assets, end of period (000 omitted)	$ 4,070	$ 3,654	$ 2,082	$ 574
Portfolio turnover rate ^F	23% ^A	9%	11%	7% ^A

^A Annualized

^B Total returns for periods of less than one year are not annualized.

^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

^D Calculated based on average shares outstanding during the period.

^F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.

^G For the period September 8, 2011 (commencement of operations) to April 30, 2012.

^I Amount represents less than $.01 per share.

See accompanying notes which are an integral part of the financial statements.

Semiannual Report

Notes to Financial Statements

For the period ended October 31, 2014 (Unaudited)

1. Organization.

2. Investments in Fidelity Central Funds.

3. Significant Accounting Policies.

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

3. Significant Accounting Policies - continued

Investment Valuation - continued

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value each Fund's investments by major category are as follows:

Semiannual Report

3. Significant Accounting Policies - continued

Investment Valuation - continued

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

3. Significant Accounting Policies - continued

Investment Transactions and Income - continued

Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain

Semiannual Report

3. Significant Accounting Policies - continued

Income Tax Information and Distributions to Shareholders - continued

distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), partnerships and losses deferred due to wash sales.

The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation) on securities
Spartan Mid Cap Index Fund	$ 782,684,028	$ 149,786,657	$ (22,693,818)	$ 127,092,839
Spartan Small Cap Index Fund	1,292,089,937	176,820,684	(78,002,300)	98,818,384

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

4. Derivative Instruments.

The Funds' use of derivatives increased or decreased their exposure to the following risk:

Equity Risk

Semiannual Report

4. Derivative Instruments - continued

Primary Risk Exposure / Derivative Type	Net Realized Gain (Loss)	Change in Net Unrealized Appreciation (Depreciation)
Spartan Mid Cap Index Fund
Equity Risk
Futures Contracts	$ (130,474)	$ 247,412
Totals (a)	$ (130,474)	$ 247,412
Spartan Small Cap Index Fund
Equity Risk
Futures Contracts	(200,592)	692,417
Totals (a)	$ (200,592)	$ 692,417

(a) A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, are noted in the table below.

	Purchases ($)	Sales ($)
Spartan Mid Cap Index Fund	234,111,425	53,348,114
Spartan Small Cap Index Fund	260,909,510	117,526,979

6. Fees and Other Transactions with Affiliates.

	Investor Class	Fidelity Advantage Class	Institutional Class	Fidelity Advantage Institutional Class
Spartan Mid Cap Index Fund	.33%	.20%	.14%	.12%
Spartan Small Cap Index Fund	.36%	.23%	.17%	.15%

Semiannual Report

6. Fees and Other Transactions with Affiliates - continued

Transfer Agent Fees - continued

For the period, the total transfer agent fees paid by each applicable class were as follows:

Spartan Mid Cap Index Fund	Amount
Investor Class	$ 21,661
Fidelity Advantage Class	239,654
Institutional Class	10,195
	$ 271,510
Spartan Small Cap Index Fund
Investor Class	$ 23,914
Fidelity Advantage Class	287,580
Institutional Class	27,418
	$ 338,912

7. Committed Line of Credit.

Spartan Mid Cap Index Fund	$ 482
Spartan Small Cap Index Fund	691

During the period, the Funds did not borrow on this line of credit.

8. Security Lending.

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

8. Security Lending - continued

9. Expense Reductions.

The following classes of each applicable Fund were in reimbursement during the period:

	Expense Limitations	Reimbursement
Spartan Mid Cap Index Fund
Investor Class	.22%	$ 11,368
Fidelity Advantage Class	.08%	360,688
Institutional Class	.06%	40,970
Fidelity Advantage Institutional Class	.04%	2,813
Spartan Small Cap Index Fund
Investor Class	.23%	14,855
Fidelity Advantage Class	.09%	504,836
Institutional Class	.07%	137,667
Fidelity Advantage Institutional Class	.05%	1,908

	Custody expense reduction
Spartan Mid Cap Index Fund	$ 4
Spartan Small Cap Index Fund	16

Semiannual Report

9. Expense Reductions - continued

In addition, the investment adviser reimbursed a portion of each Fund's operating expenses during the period as follows:

Spartan Mid Cap Index Fund	$ 65
Spartan Small Cap Index Fund	99

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Six months ended October 31, 2014	Year ended April 30, 2014
Spartan Mid Cap Index Fund
From net investment income
Investor Class	$ 50,297	$ 74,958
Fidelity Advantage Class	1,962,969	3,809,814
Institutional Class	333,670	524,010
Fidelity Advantage Institutional Class	16,447	38,713
Total	$ 2,363,383	$ 4,447,495
From net realized gain
Investor Class	$ 26,688	$ 62,107
Fidelity Advantage Class	864,027	2,753,728
Institutional Class	143,206	367,797
Fidelity Advantage Institutional Class	6,895	26,668
Total	$ 1,040,816	$ 3,210,300
Spartan Small Cap Index Fund
From net investment income
Investor Class	$ 61,686	$ 121,693
Fidelity Advantage Class	2,285,869	3,732,923
Institutional Class	898,690	1,098,983
Fidelity Advantage Institutional Class	12,633	32,891
Total	$ 3,258,878	$ 4,986,490
From net realized gain
Investor Class	$ 103,288	$ 180,848
Fidelity Advantage Class	3,111,201	4,730,550
Institutional Class	1,191,413	1,344,444
Fidelity Advantage Institutional Class	16,321	40,543
Total	$ 4,422,223	$ 6,296,385

Semiannual Report

Notes to Financial Statements (Unaudited) - continued

11. Share Transactions.

Share transactions for each class were as follows and may contain automatic conversions between classes or exchanges between funds:

	Shares		Dollars
	2014	2013	2014	2013
Spartan Mid Cap Index Fund
Investor Class
Shares sold	1,088,572	1,975,682	$ 18,332,264	$ 29,876,609
Reinvestment of distributions	4,433	8,979	74,826	133,800
Shares redeemed	(632,660)	(1,432,371)	(10,647,060)	(21,248,784)
Net increase (decrease)	460,345	552,290	$ 7,760,030	$ 8,761,625
Fidelity Advantage Class
Shares sold	12,292,554	24,053,029	$ 207,252,711	$ 363,116,725
Reinvestment of distributions	164,403	430,910	2,776,768	6,463,596
Shares redeemed	(4,716,903)	(7,114,375)	(78,974,986)	(108,519,672)
Net increase (decrease)	7,740,054	17,369,564	$ 131,054,493	$ 261,060,649
Institutional Class
Shares sold	1,907,576	2,965,195	$ 32,337,008	$ 45,885,096
Reinvestment of distributions	28,234	59,718	476,876	891,807
Shares redeemed	(510,626)	(720,066)	(8,554,839)	(11,097,777)
Net increase (decrease)	1,425,184	2,304,847	$ 24,259,045	$ 35,679,126
Fidelity Advantage Institutional Class
Shares sold	912,994	228,342	$ 15,327,519	$ 3,279,459
Reinvestment of distributions	1,382	4,379	23,342	65,381
Shares redeemed	(30,980)	(43,759)	(516,064)	(684,268)
Net increase (decrease)	883,396	188,962	$ 14,834,797	$ 2,660,572
Spartan Small Cap Index Fund
Investor Class
Shares sold	1,011,470	2,738,219	$ 16,310,344	$ 42,850,558
Reinvestment of distributions	8,601	16,538	142,090	254,669
Shares redeemed	(877,250)	(2,041,094)	(14,224,297)	(32,230,267)
Net increase (decrease)	142,821	713,663	$ 2,228,137	$ 10,874,960
Fidelity Advantage Class
Shares sold	14,004,038	31,293,380	$ 224,767,259	$ 488,417,744
Reinvestment of distributions	313,983	525,763	5,190,134	8,101,146
Shares redeemed	(7,741,279)	(7,029,195)	(125,141,730)	(111,411,379)
Net increase (decrease)	6,576,742	24,789,948	$ 104,815,663	$ 385,107,511
Institutional Class
Shares sold	3,127,315	15,593,373	$ 50,392,637	$ 247,126,510
Reinvestment of distributions	126,367	156,951	2,090,103	2,443,427
Shares redeemed	(1,791,576)	(1,430,969)	(29,065,424)	(22,920,545)
Net increase (decrease)	1,462,106	14,319,355	$ 23,417,316	$ 226,649,392

Semiannual Report

11. Share Transactions - continued

	Shares		Dollars
	2014	2013	2014	2013
Spartan Small Cap Index Fund - continued
Fidelity Advantage Institutional Class
Shares sold	26,745	113,729	$ 433,596	$ 1,682,596
Reinvestment of distributions	1,752	4,815	28,954	73,434
Shares redeemed	(12,790)	(44,393)	(206,755)	(711,064)
Net increase (decrease)	15,707	74,151	$ 255,795	$ 1,044,966

12. Other.

Semiannual Report

Board Approval of Investment Advisory Contracts and Management Fees

Spartan Mid Cap Index Fund

Spartan Small Cap Index Fund

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Semiannual Report

Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should benefit each fund's shareholders.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Spartan Mid Cap Index Fund

Semiannual Report

mcx1695941

Spartan Small Cap Index Fund

mcx1695943

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

Based on its review, the Board concluded that each fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

The Board noted that the total expense ratio of each class of Spartan Mid Cap Index Fund ranked below its competitive median for 2013.

The Board noted that the total expense ratio of each class of Spartan Small Cap Index Fund ranked below its competitive median for 2013.

Semiannual Report

Board Approval of Investment Advisory Contracts and
Management Fees - continued

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Semiannual Report

Investment Adviser

Fidelity Management & Research
Company

Boston, MA

Investment Sub-Advisers

FMR Co., Inc.

Geode Capital Management, LLC

General Distributor

Fidelity Distributors Corporation

Smithfield, RI

Transfer and Service Agents

Fidelity Investments Institutional
Operations Company, Inc.

Boston, MA

Fidelity Service Company, Inc.

Boston, MA

Custodian

State Street Bank and Trust Company

Boston, MA

The Fidelity Telephone Connection

Mutual Fund 24-Hour Service

Exchanges/Redemptions
and Account Assistance 1-800-544-6666

Product Information 1-800-544-6666

Retirement Accounts 1-800-544-4774 (8 a.m. - 9 p.m.)

TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)

Fidelity Automated Service
Telephone (FAST^®) mcx1695945
1-800-544-5555

Automated line for quickest service

(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
245 Summer St., Boston, MA 02210
www.fidelity.com

MCX-SCX-USAN-1214
1.929314.103

Item 2. Code of Ethics

Not applicable.

Item 3. Audit Committee Financial Expert

Not applicable.

Item 4. Principal Accountant Fees and Services

Not applicable.

Item 5. Audit Committee of Listed Registrants

Not applicable.

Item 6. Investments

(a) Not applicable.

(b) Not applicable

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders

There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Salem Street Trust's Board of Trustees.

Item 11. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Salem Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 12. Exhibits

(a)	(1)	Not applicable.
(a)	(2)	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
(a)	(3)	Not applicable.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

SIGNATURES

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

Fidelity Salem Street Trust

By:	/s/Stephanie J. Dorsey
	Stephanie J. Dorsey
	President and Treasurer

Date:	December 29, 2014

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

By:	/s/Stephanie J. Dorsey
	Stephanie J. Dorsey
	President and Treasurer

Date:	December 29, 2014

By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	December 29, 2014

Contents

Shareholder Expense Example

Investment Changes (Unaudited)

Investments October 31, 2014 (Unaudited)

Financial Statements

Statement of Assets and Liabilities

Statement of Assets and Liabilities - continued

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights - Investor Class

Financial Highlights - Fidelity Advantage Class

Financial Highlights - Institutional Class

Financial Highlights - Fidelity Advantage Institutional Class

Investment Changes (Unaudited)

Investments October 31, 2014 (Unaudited)

Financial Statements

Statement of Assets and Liabilities

Statement of Assets and Liabilities - continued

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights - Investor Class

Financial Highlights - Fidelity Advantage Class

Financial Highlights - Institutional Class

Financial Highlights - Fidelity Advantage Institutional Class

Notes to Financial Statements

Board Approval of Investment Advisory Contracts and Management Fees

Contents

Shareholder Expense Example

Investment Changes (Unaudited)

Investments October 31, 2014 (Unaudited)

Financial Statements

Statement of Assets and Liabilities

Statement of Assets and Liabilities - continued

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights - Investor Class

Financial Highlights - Fidelity Advantage Class

Financial Highlights - Institutional Class

Financial Highlights - Fidelity Advantage Institutional Class

Investment Changes (Unaudited)

Investments October 31, 2014 (Unaudited)

Financial Statements

Statement of Assets and Liabilities

Statement of Assets and Liabilities - continued

Statement of Operations

Statement of Changes in Net Assets

Financial Highlights - Investor Class

Financial Highlights - Fidelity Advantage Class

Financial Highlights - Institutional Class

Financial Highlights - Fidelity Advantage Institutional Class

Notes to Financial Statements

Board Approval of Investment Advisory Contracts and Management Fees