N-Q 1 form.htm Unassociated Document

United States
Securities and Exchange Commission
Washington, D.C.  20549

Form N-Q
Quarterly Schedule of Portfolio Holdings of Registered Management Investment Companies




811-6061

(Investment Company Act File Number)



Federated Index Trust

(Exact Name of Registrant as Specified in Charter)



Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)


(412) 288-1900
(Registrant's Telephone Number)


John W. McGonigle, Esquire
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)






Date of Fiscal Year End:  10/31/10


Date of Reporting Period:  Quarter ended 7/31/10







Item 1.                      Schedule of Investments

Federated Max-Cap Index Fund

Portfolio of Investments

July 31, 2010 (unaudited)

SharesValue
COMMON STOCKS – 97.2%;1
Consumer Discretionary – 9.9%
3,180Abercrombie & Fitch Co., Class A117,469
15,3052Amazon.com, Inc.1,804,306
4,4262Apollo Group, Inc., Class A204,171
3,1122AutoNation, Inc.76,026
1,0302AutoZone, Inc.217,917
19,1782Bed Bath & Beyond, Inc.726,463
21,765Best Buy Co., Inc.754,375
3,5952Big Lots, Inc.123,344
11,581Block (H&R), Inc.181,590
27,120CBS Corp. (New), Class B400,834
4862CTC Media, Inc.8,763
7,7782CarMax, Inc.164,116
15,222Carnival Corp.527,899
10,729Coach, Inc.396,651
125,046Comcast Corp., Class A2,423,591
11,997D. R. Horton, Inc.132,207
35,1712DIRECTV Group, Inc., Class A1,306,954
4,945Darden Restaurants, Inc.207,146
2,200DeVRY, Inc.118,360
11,7172Discovery Communications, Inc.449,081
9,2832Eastman Kodak Co.36,853
7,395Expedia, Inc.167,719
6,015Family Dollar Stores, Inc.248,720
141,3322Ford Motor Co.1,804,810
5,658Fortune Brands, Inc.248,273
5,3272GameStop Corp.106,806
10,380Gannett Co., Inc.136,808
18,352Gap (The), Inc.332,355
7,085Genuine Parts Co.303,451
8,5252Goodyear Tire & Rubber Co.90,962
17,882Harley-Davidson, Inc.486,927
3,0992Harman International Industries, Inc.94,241
4,547Hasbro, Inc.191,656
74,334Home Depot, Inc.2,119,262
10,626International Game Technology161,940
17,2242Interpublic Group Cos., Inc.157,427
27,852Johnson Controls, Inc.802,416
12,5242Kohl's Corp.597,270
19,106Leggett and Platt, Inc.398,169
7,225Lennar Corp., Class A106,713
11,770Limited Brands, Inc.301,783
62,417Lowe's Cos., Inc.1,294,529
18,942Macy's, Inc.353,268
12,8842Madison Square Garden, Inc.247,888
9,830Marriott International, Inc., Class A333,335
13,327Mattel, Inc.281,999
39,312McDonald's Corp.2,741,226
1

SharesValue
11,095McGraw-Hill Cos., Inc.340,505
1,597Meredith Corp.50,705
4,9492New York Times Co., Class A43,254
9,674Newell Rubbermaid, Inc.149,947
98,492News Corp., Inc.1,285,321
17,861Nike, Inc., Class B1,315,284
7,260Nordstrom, Inc.246,840
4,8582O'Reilly Automotive, Inc.239,402
11,5832Office Depot, Inc.50,039
13,354Omnicom Group, Inc.497,570
10,290Penney (J.C.) Co., Inc.253,443
3,139Polo Ralph Lauren Corp., Class A248,012
1,6792Priceline.com, Inc.376,768
15,4652Pulte Group, Inc.135,783
4,485RadioShack Corp.96,607
10,640Ross Stores, Inc.560,302
3,154Scripps Networks Interactive134,455
1,6612Sears Holdings Corp.117,931
6,013Stanley Black & Decker, Inc.348,874
26,715Staples, Inc.543,116
44,897Starbucks Corp.1,115,690
8,264Starwood Hotels & Resorts Worldwide, Inc.400,391
24,745TJX Cos., Inc.1,027,412
31,577Target Corp.1,620,532
4,633Tiffany & Co.194,910
13,786Time Warner Cable, Inc.788,146
59,395Time Warner, Inc.1,868,567
4,6052Urban Outfitters, Inc.148,097
3,098V.F. Corp.245,764
34,601Viacom, Inc., Class B1,143,217
84,869Walt Disney Co.2,859,237
214Washington Post Co., Class B89,985
3,229Whirlpool Corp.268,976
7,903Wyndham Worldwide Corp.201,764
2,629Wynn Resorts Ltd.230,511
16,435Yum! Brands, Inc.678,765
TOTAL44,404,191
Consumer Staples – 11.1%
73,251Altria Group, Inc.1,623,242
27,230Archer-Daniels-Midland Co.745,013
16,064Avon Products, Inc.500,072
3,823Brown-Forman Corp., Class B241,652
57,948CVS Caremark Corp.1,778,424
6,615Campbell Soup Co.237,479
4,973Clorox Co.322,648
12,544Coca-Cola Enterprises, Inc.360,013
18,103Colgate-Palmolive Co.1,429,775
20,498ConAgra Foods, Inc.481,293
6,9062Constellation Brands, Inc., Class A117,816
25,804Costco Wholesale Corp.1,463,345
25,6002Dean Foods Co.293,376
2

SharesValue
11,840Dr. Pepper Snapple Group, Inc.444,592
6,009Estee Lauder Cos., Inc., Class A374,060
23,329General Mills, Inc.797,852
11,119H.J. Heinz Co.494,573
14,934Hershey Foods Corp.701,898
2,451Hormel Foods Corp.105,197
10,708Kellogg Co.535,935
15,354Kimberly-Clark Corp.984,498
78,746Kraft Foods, Inc., Class A2,300,171
31,123Kroger Co.659,185
5,775Lorillard, Inc.440,286
4,610McCormick & Co., Inc.181,311
14,401Mead Johnson Nutrition Co.765,269
5,565Molson Coors Brewing Co., Class B250,481
70,094PepsiCo, Inc.4,549,802
81,088Philip Morris International, Inc.4,138,732
127,153Procter & Gamble Co.7,776,678
1382Ralcorp Holdings, Inc.8,059
5,945Reynolds American, Inc.343,740
7,605SUPERVALU, Inc.85,784
31,867Safeway, Inc.654,548
50,654Sara Lee Corp.749,173
4,204Smucker (J.M.) Co.258,252
25,430Sysco Corp.787,567
101,528The Coca-Cola Co.5,595,208
13,301Tyson Foods, Inc., Class A232,901
84,052Wal-Mart Stores, Inc.4,302,622
44,239Walgreen Co.1,263,023
13,0302Whole Foods Market, Inc.494,749
TOTAL49,870,294
Energy – 10.6%
27,155Anadarko Petroleum Corp.1,334,940
14,352Apache Corp.1,371,764
16,366Baker Hughes, Inc.789,987
7,938CONSOL Energy, Inc.297,516
3,695Cabot Oil & Gas Corp., Class A112,587
10,1472Cameron International Corp.401,720
26,587Chesapeake Energy Corp.559,125
91,965Chevron Corp.7,008,653
69,999ConocoPhillips3,865,345
13,9622Denbury Resources, Inc.221,158
19,262Devon Energy Corp.1,203,682
2,400Diamond Offshore Drilling, Inc.142,776
11,100EOG Resources, Inc.1,082,250
26,849El Paso Corp.330,780
222,799Exxon Mobil Corp.13,296,644
4,6772FMC Technologies, Inc.295,961
34,953Halliburton Co.1,044,396
4,866Helmerich & Payne, Inc.197,219
11,778Hess Corp.631,183
31,045Marathon Oil Corp.1,038,455
3

SharesValue
8,2002Mariner Energy, Inc.195,898
4,545Massey Energy Co.138,986
7,334Murphy Oil Corp.401,537
12,4012Nabors Industries Ltd.228,302
25,503National-Oilwell, Inc.998,697
6,841Noble Energy, Inc.458,757
35,950Occidental Petroleum Corp.2,801,583
12,502Peabody Energy Corp.564,465
5,027Pioneer Natural Resources, Inc.291,164
72Precision Drilling Corp.53
4,6312QEP Resources, Inc.159,399
5,577Range Resources Corp.207,018
3,9252Rowan Cos., Inc.99,146
47,473Schlumberger Ltd.2,832,239
17,827Smith International, Inc.739,464
12,1732Southwestern Energy Co.443,706
26,760Spectra Energy Corp.556,340
5,240Sunoco, Inc.186,911
5,8002Tesoro Petroleum Corp.74,878
35,342Valero Energy Corp.600,461
25,945Williams Cos., Inc.503,592
TOTAL47,708,737
Financials – 16.0%
11,274AON Corp.424,692
11,816Ace Ltd.627,193
27,009Aflac, Inc.1,328,573
26,033Allstate Corp.735,172
52,031American Express Co.2,322,664
4,7812American International Group, Inc.183,925
7,0182Americredit Corp.169,204
9,014Ameriprise Financial, Inc.382,103
5,104Apartment Investment & Management Co., Class A109,583
4,935Assurant, Inc.184,026
3,119Avalonbay Communities, Inc.327,776
252Axis Capital Holdings Ltd.7,855
30,234BB&T Corp.750,710
438,571Bank of America Corp.6,157,537
42,660Bank of New York Mellon Corp.1,069,486
282Berkley, W. R. Corp.7,617
71,1982Berkshire Hathaway, Inc.5,561,988
5,289Boston Properties, Inc.433,169
9,4692CB Richard Ellis Services, Inc.160,973
2,310CME Group, Inc.644,028
25,498Capital One Financial Corp.1,079,330
39,712Charles Schwab Corp.587,340
14,289Chubb Corp.752,030
5,733Cincinnati Financial Corp.157,944
1,001,8752Citigroup, Inc.4,107,687
7,688Comerica, Inc.294,912
25,276Discover Financial Services385,965
7,2002E*Trade Group, Inc.105,336
4

SharesValue
10,849Equity Residential Properties Trust497,427
108Everest Re Group Ltd.8,383
3,127Federated Investors, Inc.66,355
34,750Fifth Third Bancorp441,672
8,0782First Horizon National Corp.92,647
10,141Franklin Resources, Inc.1,019,982
21,5002Genworth Financial, Inc., Class A291,970
24,138Goldman Sachs Group, Inc.3,640,493
11,487HCP, Inc.407,444
19,417Hartford Financial Services Group, Inc.454,552
5,741Health Care REIT, Inc.260,125
24,445Host Marriott Corp.350,541
16,670Hudson City Bancorp, Inc.207,041
31,538Huntington Bancshares, Inc.191,120
2,6122InterContinentalExchange, Inc.275,879
20,427Invesco Ltd.399,144
181,733J.P. Morgan Chase & Co.7,320,205
6,192Janus Capital Group, Inc.64,892
38,320KeyCorp324,187
14,769Kimco Realty Corp.222,569
7,193Legg Mason, Inc.207,806
6,647Leucadia National Corp.146,832
13,238Lincoln National Corp.344,718
12,379Loews Corp.459,880
3,026M & T Bank Corp.264,291
122Markel Corp.4,056
25,291Marsh & McLennan Cos., Inc.594,844
22,798Marshall & Ilsley Corp.160,270
34,434MetLife, Inc.1,448,294
6,834Moody's Corp.160,941
59,743Morgan Stanley1,612,464
5,0232NASDAQ Stock Market, Inc.97,798
17,979NYSE Euronext520,852
11,804Northern Trust Corp.554,670
23,009PNC Financial Services Group1,366,505
740PartnerRe Ltd.53,554
13,355People's United Financial, Inc.184,833
5,732Plum Creek Timber Co., Inc.205,664
12,544Principal Financial Group321,252
32,374Progressive Corp., OH635,825
20,826Prologis226,170
20,384Prudential Financial, Inc.1,167,799
5,977Public Storage, Inc.586,463
46,637Regions Financial Corp.341,849
16,8722SLM Corp.202,464
10,290Simon Property Group, Inc.918,074
17,640State Street Corp.686,549
21,878SunTrust Banks, Inc.567,734
18,327T. Rowe Price Group, Inc.883,911
4742TD Ameritrade Holding Corp.7,461
21,615The Travelers Cos., Inc.1,090,477
5

SharesValue
2,903Torchmark Corp.154,062
86,290U.S. Bancorp2,062,331
14,505Unum Group331,004
8,101Ventas, Inc.410,883
6,903Vornado Realty Trust571,430
228,119Wells Fargo & Co.6,325,740
12White Mountains Insurance Group, Inc.3,769
15,886XL Group PLC281,659
5,692Zions Bancorp126,305
TOTAL71,886,929
Health Care – 11.0%
67,464Abbott Laboratories3,311,133
18,541Aetna, Inc.516,367
11,824Allergan, Inc.721,973
2,6902Allscripts Healthcare Solutions, Inc.44,896
22,635AmerisourceBergen Corp.678,371
48,8172Amgen, Inc.2,661,991
3,824Bard (C.R.), Inc.300,299
27,335Baxter International, Inc.1,196,453
8,724Becton, Dickinson & Co.600,211
8,5052Biogen Idec, Inc.475,259
53,3242Boston Scientific Corp.298,614
77,775Bristol-Myers Squibb Co.1,938,153
12,130CIGNA Corp.373,119
12,982Cardinal Health, Inc.418,929
11,5422CareFusion Corp.243,190
16,2042Celgene Corp.893,651
2,6742Cephalon, Inc.151,749
2,4502Cerner Corp.189,752
6,5352Coventry Health Care, Inc.129,589
4,2242DaVita, Inc.242,120
6,636Dentsply International, Inc.199,213
4,7202Eclipsys Corp.93,031
42,207Eli Lilly & Co.1,502,569
22,9702Express Scripts, Inc., Class A1,037,785
14,9342Forest Laboratories, Inc., Class A414,418
9,3842Genzyme Corp.652,751
31,3152Gilead Sciences, Inc.1,043,416
12,5682Hospira, Inc.654,793
7,4862Humana, Inc.351,992
1262IDEXX Laboratories, Inc.7,401
1,3782Intuitive Surgical, Inc.452,494
122,859Johnson & Johnson7,136,879
35,5912King Pharmaceuticals, Inc.311,777
3,6572Laboratory Corp. of America Holdings266,888
6,3972Life Technologies Corp.275,007
12,070McKesson HBOC, Inc.758,237
27,1622Medco Health Solutions, Inc.1,303,776
49,846Medtronic, Inc.1,842,807
119,028Merck & Co., Inc.4,101,705
10,8202Mylan Laboratories, Inc.188,268
6

SharesValue
3,261Patterson Cos., Inc.87,003
5,172PerkinElmer, Inc.100,647
326,077Pfizer, Inc.4,891,155
6,3042Psychiatric Solutions, Inc.208,915
5,292Quest Diagnostics, Inc.248,671
12,9402St. Jude Medical, Inc.475,804
11,310Stryker Corp.526,707
14,8762Tenet Healthcare Corp.68,430
19,0292Thermo Fisher Scientific, Inc.853,641
57,162UnitedHealth Group, Inc.1,740,583
4,6452Varian Medical Systems, Inc.256,404
3,2692Waters Corp.209,739
5,0112Watson Pharmaceuticals, Inc.202,945
21,3152Wellpoint, Inc.1,081,097
10,0322Zimmer Holdings, Inc.531,596
TOTAL49,464,363
Industrials – 10.3%
30,4183M Co.2,601,956
186AMETEK, Inc.8,234
4,786Avery Dennison Corp.171,578
26,694Boeing Co.1,818,929
5,834C.H. Robinson Worldwide, Inc.380,377
17,585CSX Corp.927,081
30,919Caterpillar, Inc.2,156,600
4,546Cintas Corp.120,287
8,753Cummins, Inc.696,826
24,267Danaher Corp.932,095
16,367Deere & Co.1,091,352
8,941Donnelley (R.R.) & Sons Co.150,835
7,068Dover Corp.339,052
1,800Dun & Bradstreet Corp.123,048
6,843Eaton Corp.536,902
32,979Emerson Electric Co.1,633,780
6,246Equifax, Inc.195,750
10,587Expeditors International Washington, Inc.451,430
4,800Fastenal Co.235,584
11,011FedEx Corp.908,958
1,947Flowserve Corp.193,064
6,912Fluor Corp.333,780
17,862General Dynamics Corp.1,094,047
468,822General Electric Co.7,557,411
4,402Goodrich (B.F.) Co.320,774
2,179Grainger (W.W.), Inc.244,070
32,237Honeywell International, Inc.1,381,678
9,253ITT Corp.436,001
20,229Illinois Tool Works, Inc.879,961
6,381Iron Mountain, Inc.151,038
4,3642Jacobs Engineering Group, Inc.159,591
5,270L-3 Communications Holdings, Inc.384,921
72Lincoln Electric Holdings3,976
18,557Lockheed Martin Corp.1,394,558
7

SharesValue
12,491Masco Corp.128,407
13,011Norfolk Southern Corp.732,129
15,090Northrop Grumman Corp.884,878
12,830PACCAR, Inc.587,871
4,113Pall Corp.157,281
6,413Parker-Hannifin Corp.398,376
7,276Pitney Bowes, Inc.177,607
5,970Precision Castparts Corp.729,474
7,4002Quanta Services, Inc.158,952
24,898Raytheon Co.1,152,030
11,413Republic Services, Inc.363,618
5,204Robert Half International, Inc.131,037
11,364Rockwell Automation, Inc.615,361
12,435Rockwell Collins710,785
3,300Roper Industries, Inc.206,250
2,340Ryder System, Inc.102,188
2,035Snap-On, Inc.90,903
55,680Southwest Airlines Co.670,944
2,9772Stericycle, Inc.187,551
11,860Textron, Inc.246,214
276Timken Co.9,279
17,834Union Pacific Corp.1,331,665
43,370United Parcel Service, Inc.2,819,050
40,318United Technologies Corp.2,866,610
2162Waste Connections, Inc.8,245
22,883Waste Management, Inc.776,878
TOTAL46,259,107
Information Technology – 18.2%
7,7932ADC Telecommunications, Inc.99,205
3,8782AOL, Inc.81,128
18,5102Adobe Systems, Inc.531,607
24,4652Advanced Micro Devices, Inc.183,243
12,2682Agilent Technologies, Inc.342,645
6,7532Akamai Technologies, Inc.259,045
10,583Altera Corp.293,361
6,104Amphenol Corp., Class A273,459
11,079Analog Devices, Inc.329,157
39,6232Apple, Inc.10,193,017
63,530Applied Materials, Inc.749,654
8,7712Autodesk, Inc.259,095
17,685Automatic Data Processing, Inc.729,860
9,4852BMC Software, Inc.337,476
17,485Broadcom Corp.629,985
16,315CA, Inc.319,121
256,8202,3Cisco Systems, Inc.5,924,837
7,4632Citrix Systems, Inc.410,614
17,0882Cognizant Technology Solutions Corp.932,321
7,435Computer Sciences Corp.337,029
7,8382Compuware Corp.64,115
54,873Corning, Inc.994,299
60,5832Dell, Inc.802,119
8

SharesValue
89,9182EMC Corp.1,779,477
51,5772eBay, Inc.1,078,475
11,5002Electronic Arts, Inc.183,195
5,3002FLIR Systems, Inc.157,728
17,778Fidelity National Information Services, Inc.509,695
6,5152First American Financial Corp.96,096
1,7002First Solar, Inc.213,265
5,3582Fiserv, Inc.268,436
10,6782Google, Inc.5,177,228
4,567Harris Corp.203,369
1,9002Hewitt Associates, Inc.93,290
109,965Hewlett-Packard Co.5,062,789
56,207IBM Corp.7,216,979
245,992Intel Corp.5,067,435
11,3642Intuit, Inc.451,719
19,8052JDS Uniphase Corp.214,884
8,335Jabil Circuit, Inc.120,941
21,6012Juniper Networks, Inc.600,076
16,825KLA-Tencor Corp.532,848
23,2252LSI Logic Corp.93,597
3,5182Lexmark International Group, Class A129,287
7,883Linear Technology Corp.251,310
8,2002MEMC Electronic Materials, Inc.78,392
3,404Mastercard, Inc.714,976
5,4882McAfee, Inc.181,653
6,520Microchip Technology, Inc.198,534
37,0212Micron Technology, Inc.269,513
333,293Microsoft Corp.8,602,292
4,723Molex, Inc.93,090
4,3552Monster Worldwide, Inc.59,751
81,7172Motorola, Inc.612,060
20,1262NVIDIA Corp.184,958
8,325National Semiconductor Corp.114,885
20,2182NetApp, Inc.855,221
12,3202Novell, Inc.74,413
4,2212Novellus Systems, Inc.112,743
173,626Oracle Corp.4,104,519
11,312Paychex, Inc.293,999
3,8372Qlogic Corp.61,085
72,868Qualcomm, Inc.2,774,813
6,6362Red Hat, Inc.213,347
31,7712SAIC, Inc.528,352
3,9792Salesforce.com, Inc.393,722
10,0872Sandisk Corp.440,802
3662Sohu.com, Inc.17,209
28,0952Symantec Corp.364,392
13,345Tellabs, Inc.93,148
7,3032Teradata Corp.232,235
7,9012Teradyne, Inc.85,015
55,808Texas Instruments, Inc.1,377,900
8,743Total System Services, Inc.130,358
9

SharesValue
6,4122Verisign, Inc.180,498
15,931Visa, Inc., Class A1,168,539
842WebMD Health Corp., Class A3,887
17,4602Western Digital Corp.460,769
23,676Western Union Co.384,262
60,160Xerox Corp.585,958
10,652Xilinx, Inc.297,404
41,4342Yahoo, Inc.575,104
TOTAL81,498,309
Materials – 3.4%
3,500AK Steel Holding Corp.48,965
9,467Air Products & Chemicals, Inc.687,115
3,619Airgas, Inc.236,284
41,164Alcoa, Inc.459,802
3,434Allegheny Technologies, Inc.163,493
102Aptargroup, Inc.4,393
3,248Ball Corp.189,163
7,726Bemis Co., Inc.231,471
2,473CF Industries Holdings, Inc.200,783
5,953Cliffs Natural Resources, Inc.336,761
40,613Dow Chemical Co.1,109,953
39,084Du Pont (E.I.) de Nemours & Co.1,589,546
7,305Eastman Chemical Co.457,585
14,216Ecolab, Inc.695,305
2,557FMC Corp.159,787
20,585Freeport-McMoran Copper & Gold, Inc.1,472,651
9,4902Gerdau Ameristeel Corp.104,105
3,199International Flavors & Fragrances, Inc.145,171
19,053International Paper Co.461,083
7,462MeadWestvaco Corp.178,789
20,734Monsanto Co.1,199,255
353Nalco Holding Co.8,610
17,273Newmont Mining Corp.965,561
21,181Nucor Corp.829,024
5,8032Owens-Illinois, Inc.160,453
5,849PPG Industries, Inc.406,330
5,1942Pactiv Corp.158,001
13,407Praxair, Inc.1,163,996
7,066Sealed Air Corp.152,838
4,992Sherwin-Williams Co.345,197
4,260Sigma-Aldrich Corp.238,986
3,6732Titanium Metals Corp.81,320
6,182United States Steel Corp.274,048
4,492Vulcan Materials Co.203,218
10,786Weyerhaeuser Co.174,949
TOTAL15,293,991
Telecommunication Services – 3.0%
261,151AT&T, Inc.6,774,257
17,9072American Tower Systems Corp.828,019
12,264CenturyLink, Inc.436,844
59,553Frontier Communications Corp.454,986
10

SharesValue
9,5002MetroPCS Communications, Inc.85,025
75,540Qwest Communications International, Inc.427,556
155,4212Sprint Nextel Corp.710,274
246Telephone and Data System, Inc.8,396
126,463Verizon Communications, Inc.3,675,015
24,623Windstream Corp.280,702
TOTAL13,681,074
Utilities – 3.7%
23,4992AES Corp.242,275
5,943Allegheny Energy, Inc.135,500
10,348Ameren Corp.262,529
19,328American Electric Power Co., Inc.695,422
7,957CMS Energy Corp.126,675
14,471CenterPoint Energy, Inc.205,922
9,915Consolidated Edison Co.457,280
15,293Constellation Energy Group, Inc.483,259
14,967DTE Energy Co.690,877
20,956Dominion Resources, Inc.879,943
46,208Duke Energy Corp.790,157
5,061EQT Corp.185,638
12,968Edison International429,889
7,756Entergy Corp.601,168
31,405Exelon Corp.1,313,671
21,019FirstEnergy Corp.792,416
10,689Integrys Energy Group, Inc.506,124
10,289NICOR, Inc.450,555
9,3222NRG Energy, Inc.211,423
222NSTAR8,250
15,340NextEra Energy, Inc.802,282
23,196NiSource, Inc.382,734
6,276Northeast Utilities Co.174,724
4,829ONEOK, Inc.224,693
15,342P G & E Corp.681,185
22,777PPL Corp.621,584
7,877Pepco Holdings, Inc.133,200
3,718Pinnacle West Capital Corp.141,619
10,098Progress Energy, Inc.425,227
21,210Public Service Enterprises Group, Inc.697,809
4,149SCANA Corp.158,948
9,904Sempra Energy492,724
28,989Southern Co.1,024,181
31,121TECO Energy, Inc.508,517
4,112Wisconsin Energy Corp.223,199
16,161Xcel Energy, Inc.355,380
TOTAL16,516,979
TOTAL COMMON STOCKS
(IDENTIFIED COST $202,851,200)
436,583,974
EXCHANGE-TRADED FUND – 0.3%
10,337SPDR Trust, Series 1
(IDENTIFIED COST $1,008,105)
1,139,861
11

SharesValue
WARRANT – 0.0%
Consumer Discretionary – 0.0%
30,3692Ford Motor Co. Del, Warrants, Expiration Date 1/1/2013
(IDENTIFIED COST $151,845)
146,986
MUTUAL FUND – 2.1%
9,426,7224,5Federated Prime Value Obligations Fund, Institutional Shares, 0.30%
(AT NET ASSET VALUE)
9,426,722
TOTAL INVESTMENTS — 99.6%
(IDENTIFIED COST $213,437,872)6
447,297,543
OTHER ASSETS AND LIABILITIES - NET — 0.4%71,679,282
TOTAL NET ASSETS — 100%$448,976,825

At July 31, 2010, the Fund had the following outstanding long futures contracts:1

DescriptionNumber of
Contracts
Notional
Value
Expiration
Date
Unrealized
Appreciation
2S&P 500 Index E-Mini Long Futures104$5,711,160September 2010$374,964
2S&P 500 Index Long Futures21$5,766,075September 2010$248,494
UNREALIZED APPRECIATION ON FUTURES CONTRACTS$623,458

Unrealized Appreciation on Futures Contracts is included in “Other Assets and Liabilities — Net”.

1The Fund purchases index futures contracts to efficiently manage cash flows resulting from shareholder purchases and redemptions, dividend and capital gain payments to shareholders and corporate actions while maintaining exposure to the S&P 500 Index and minimizing trading costs. The underlying face amount, at value, of open index futures contracts is $11,477,235 at July 31, 2010, which represents 2.6% of total net assets. Taking into consideration these open index futures contracts, the Fund's effective total exposure to the S&P 500 Index is 100.2%.
2Non-income producing security.
3Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding long futures contracts.
4Affiliated company.
57-Day net yield.
6At July 31, 2010, the cost of investments for federal tax purposes was $213,437,872. The net unrealized appreciation of investments for federal tax purposes excluding any unrealized appreciation resulting from futures contracts was $233,859,671. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $238,243,349 and net unrealized depreciation from investments for those securities having an excess of cost over value of $4,383,678.
7Assets, other than investments in securities, less liabilities.

Note: The categories of investments are shown as a percentage of total net assets at July 31, 2010.

Investment Valuation

In calculating its net asset value (NAV), the Fund generally values investments as follows:

  • Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.
  • Shares of other mutual funds are valued based upon their reported NAVs.
  • Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
  • Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Board of Trustees (the “Trustees”).
  • Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium).
  • Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Trustees.

If the Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund's NAV.

12

Fair Valuation and Significant Events Procedures

The Trustees have authorized the use of pricing services to provide evaluations of the current fair value of certain investments for purposes of calculating the NAV. Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers, and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for U.S. Treasury and Agency securities and mortgage-backed securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative contracts.

The Trustees also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

  • With respect to securities traded in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures or options contracts;
  • With respect to price evaluations of fixed-income securities determined before the close of regular trading on the NYSE, actions by the Federal Reserve Open Market Committee and other significant trends in U.S. fixed-income markets;
  • Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
  • Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Trustees have approved the use of a pricing service to determine the fair value of equity securities traded principally in foreign markets when the Adviser determines that there has been a significant trend in the U.S. equity markets or in index futures trading. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another method approved by the Trustees.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1 — quoted prices in active markets for identical securities

Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of July 31, 2010, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

The following acronym is used throughout this portfolio:

REIT — Real Estate Investment Trust

13

Federated Mid-Cap Index Fund

Portfolio of Investments

July 31, 2010 (unaudited)

Principal
Amount
or Shares
Value
COMMON STOCKS – 98.1%;1
Consumer Discretionary – 13.5%
40,394299 Cents Only Stores671,348
69,3003Aaron's, Inc.1,258,488
75,207Advance Auto Parts, Inc.4,025,831
80,7562Aeropostale, Inc.2,295,893
177,019American Eagle Outfitters, Inc.2,179,104
35,006American Greetings Corp., Class A717,273
51,3772AnnTaylor Stores Corp.901,153
46,9002Bally Technologies, Inc.1,514,870
35,5233Barnes & Noble, Inc.460,733
26,396Bob Evans Farms, Inc.692,103
100,6742,3BorgWarner, Inc.4,415,562
49,1962,3Boyd Gaming Corp.416,198
86,932Brinker International, Inc.1,366,571
78,400Burger King Holdings, Inc.1,354,752
57,5402,3Career Education Corp.1,405,702
51,4092,3Cheesecake Factory, Inc.1,205,027
152,760Chicos Fas, Inc.1,431,361
27,0582,3Chipotle Mexican Grill, Inc.4,001,878
47,3912Coldwater Creek, Inc.185,773
54,9522Collective Brands, Inc.880,331
74,7322,3Corinthian Colleges, Inc.680,061
77,2192Dick's Sporting Goods, Inc.2,031,632
109,3592,3Dollar Tree, Inc.4,846,791
65,4472Dreamworks Animation SKG, Inc.2,039,329
50,5762Dress Barn, Inc.1,249,227
135,509Foot Locker, Inc.1,841,567
40,9032,3Fossil, Inc.1,619,759
120,336Gentex Corp.2,318,875
49,398Guess ?, Inc.1,763,509
81,1862Hanesbrands, Inc.2,033,709
34,345Harte-Hanks387,412
25,0522ITT Educational Services, Inc.2,022,699
25,647International Speedway Corp., Class A664,257
48,2002,3J. Crew Group, Inc.1,717,366
65,000KB HOME739,700
122,1532LKQ Corp.2,416,186
46,5092Lamar Advertising Co.1,272,021
35,0452Life Time Fitness, Inc.1,274,236
31,718M.D.C. Holdings, Inc.923,628
26,349Matthews International Corp., Class A951,462
47,8572Mohawk Industries, Inc.2,341,643
5,2742,3NVR, Inc.3,304,161
35,4952NetFlix, Inc.3,640,012
27,0592Panera Bread Co.2,116,284
101,904PetSmart, Inc.3,164,119
1

Principal
Amount
or Shares
Value
48,527Phillips Van Heusen Corp.2,518,066
48,101Regis Corp.732,578
57,4822Rent-A-Center, Inc.1,264,029
36,850Ryland Group, Inc.601,392
135,9702,3Saks, Inc.1,116,314
22,777Scholastic Corp.576,941
55,9622Scientific Games Holdings Corp.592,638
220,071Service Corp. International1,875,005
57,948Sothebys Holdings, Inc., Class A1,572,129
11,8973Strayer Education, Inc.2,848,142
33,631Thor Industries, Inc.936,287
37,8872Timberland Co., Class A667,569
119,5562Toll Brothers, Inc.2,075,492
30,854Tractor Supply Co.2,144,662
53,711Tupperware Brands Corp.2,115,676
31,8552,3Under Armour, Inc., Class A1,196,474
44,8002WMS Industries, Inc.1,725,248
38,5292Warnaco Group, Inc.1,609,356
292,127Wendy's / Arby's Group, Inc.1,273,674
36,870Wiley (John) & Sons, Inc., Class A1,451,941
91,891Williams-Sonoma, Inc.2,454,409
TOTAL110,087,618
Consumer Staples – 3.9%
72,779Alberto-Culver Co.2,130,241
46,6312BJ's Wholesale Club, Inc.2,124,042
60,311Church and Dwight, Inc.3,996,810
64,170Corn Products International, Inc.2,139,428
59,4952Energizer Holdings, Inc.3,660,132
66,823Flowers Foods, Inc.1,619,121
89,4002,3Green Mountain Coffee, Inc.2,752,626
61,3332Hansen Natural Corp.2,569,239
17,093Lancaster Colony Corp.887,469
53,7832NBTY, Inc.2,898,366
46,6002Ralcorp Holdings, Inc.2,721,440
34,636Ruddick Corp.1,227,846
126,2202Smithfield Foods, Inc.1,798,635
23,863Tootsie Roll Industries, Inc.602,064
21,234Universal Corp.941,728
TOTAL32,069,187
Energy – 5.7%
138,757Arch Coal, Inc.3,287,153
48,1012Atwood Oceanics, Inc.1,308,347
32,6722Bill Barrett Corp.1,155,935
71,615Cimarex Energy Co.4,932,125
39,9182Comstock Resources, Inc.1,010,325
54,7382,3Exterran Holdings, Inc.1,459,863
95,7482Forest Oil Corp.2,737,435
92,223Frontier Oil Corp.1,133,421
79,7922Helix Energy Solutions Group, Inc.749,247
2

Principal
Amount
or Shares
Value
88,2652Mariner Energy, Inc.2,108,651
113,5932Newfield Exploration Co.6,072,682
46,8632Oceaneering International, Inc.2,318,781
23,147Overseas Shipholding Group, Inc.908,057
63,7672,3Patriot Coal Corp.769,030
130,880Patterson-UTI Energy, Inc.2,150,358
118,8072Plains Exploration & Production Co.2,679,098
149,9292Pride International, Inc.3,566,811
100,2932Quicksilver Resources, Inc.1,262,689
106,800Southern Union Co.2,410,476
66,7342Superior Energy Services, Inc.1,520,868
44,902Tidewater, Inc.1,840,084
35,3002Unit Corp.1,443,770
TOTAL46,825,206
Financials – 20.0%
143,816AMB Property Corp.3,589,647
38,0982Affiliated Managers Group2,698,481
37,728Alexandria Real Estate Equities, Inc.2,661,710
64,900American Financial Group, Inc.1,912,603
83,7322Americredit Corp.2,018,779
165,773Apollo Investment Corp.1,674,307
146,901Associated Banc Corp.1,996,385
69,387Astoria Financial Corp.918,684
52,913BRE Properties, Inc., Class A2,195,890
62,300Bancorpsouth, Inc.913,318
41,566Bank of Hawaii Corp.2,070,402
110,706Berkley, W. R. Corp.2,990,169
100,458Brown & Brown2,011,169
56,313Camden Property Trust2,563,368
65,908Cathay Bancorp, Inc.775,078
37,706City National Corp.2,136,799
62,163Commerce Bancshares, Inc.2,433,681
49,751Corporate Office Properties Trust1,865,663
85,022Cousins Properties, Inc.582,401
51,776Cullen Frost Bankers, Inc.2,858,553
211,448Duke Realty Corp.2,528,918
101,391Eaton Vance Corp.3,037,674
31,024Equity One, Inc.528,649
25,500Essex Property Trust, Inc.2,680,305
50,705Everest Re Group Ltd.3,935,722
52,2933Federal Realty Investment Trust4,088,790
196,246Fidelity National Financial, Inc., Class A2,898,553
177,905First Niagara Financial Group, Inc.2,385,706
92,158FirstMerit Corp.1,816,434
170,200Fulton Financial Corp.1,550,522
88,597Gallagher (Arthur J.) & Co.2,252,136
18,100Greenhill & Co., Inc.1,231,705
97,764HCC Insurance Holdings, Inc.2,553,596
38,879Hanover Insurance Group, Inc.1,704,067
3

Principal
Amount
or Shares
Value
60,659Highwoods Properties, Inc.1,899,233
105,054Hospitality Properties Trust2,148,354
43,700International Bancshares Corp.757,758
103,762Jefferies Group, Inc.2,561,884
35,734Jones Lang LaSalle, Inc.2,767,956
96,175Liberty Property Trust3,048,748
111,5043Macerich Co. (The)4,621,841
67,397Mack-Cali Realty Corp.2,171,531
30,679Mercury General Corp.1,323,185
102,448Nationwide Health Properties, Inc.3,833,604
372,392New York Community Bancorp, Inc.6,427,486
92,200Newalliance Bancshares, Inc.1,122,074
205,171Old Republic International Corp.2,566,689
79,518Omega Healthcare Investors1,747,806
26,570PacWest Bancorp556,110
34,079Potlatch Corp.1,262,968
39,600Prosperity Bancshares, Inc.1,341,648
72,648Protective Life Corp.1,633,854
84,465Raymond James Financial, Inc.2,253,526
68,153Rayonier, Inc.3,327,911
89,954Realty Income Corp.2,886,624
70,035Regency Centers Corp.2,643,121
62,500Reinsurance Group of America2,998,750
111,480SEI Investments Co.2,138,186
67,100SL Green Realty Corp.4,042,104
35,1312SVB Financial Group1,517,308
108,449Senior Housing Properties Trust2,445,525
41,025StanCorp Financial Group, Inc.1,546,232
669,6893Synovus Financial Corp.1,754,585
107,131TCF Financial Corp.1,696,955
55,000Transatlantic Holdings, Inc.2,629,550
47,922Trustmark Corp.1,054,284
138,686UDR, Inc.2,927,661
42,805Unitrin, Inc.1,189,551
136,7543Valley National Bancorp1,984,308
73,031Waddell & Reed Financial, Inc., Class A1,740,329
95,539Washington Federal, Inc.1,662,379
58,210Webster Financial Corp. Waterbury1,085,034
89,191Weingarten Realty Investors1,888,173
24,923WestAmerica Bancorp.1,339,860
77,991Wilmington Trust Corp.790,829
TOTAL163,395,378
Health Care – 11.1%
61,5662Affymetrix, Inc.301,058
59,544Beckman Coulter, Inc.2,728,901
16,5002Bio Rad Laboratories, Inc., Class A1,465,200
56,5022Charles River Laboratories International, Inc.1,756,082
81,1402Community Health Systems, Inc.2,631,370
55,3062Covance, Inc.2,143,661
4

Principal
Amount
or Shares
Value
96,6342,3Edwards Lifesciences Corp.5,585,445
99,7672Endo Pharmaceuticals Holdings, Inc.2,395,406
42,9072Gen-Probe, Inc.1,929,528
213,5072Health Management Association, Class A1,528,710
85,8512Health Net, Inc.2,021,791
78,1432,3Henry Schein, Inc.4,101,726
53,834Hill-Rom Holdings, Inc.1,778,675
220,7952Hologic, Inc.3,122,041
49,6632,3IDEXX Laboratories, Inc.2,917,205
60,7002Immucor, Inc.1,166,654
32,6292Kindred Healthcare, Inc.433,966
52,8072Kinetic Concepts, Inc.1,875,177
46,5572LifePoint Hospitals, Inc.1,439,077
84,8912Lincare Holdings, Inc.2,017,010
40,6722MEDNAX Inc.1,917,685
45,2412Masimo Corp.1,044,162
49,253Medicis Pharmaceutical Corp., Class A1,248,564
28,9002Mettler-Toledo International, Inc.3,375,520
102,5023Omnicare, Inc.2,524,624
53,400Owens & Minor, Inc.1,451,946
68,7443Perrigo Co.3,850,351
100,946Pharmaceutical Product Development, Inc.2,448,950
48,8912Psychiatric Solutions, Inc.1,620,248
64,8852,3ResMed, Inc.4,262,296
50,729Steris Corp.1,612,675
32,272Techne Corp.1,884,685
34,194Teleflex, Inc.1,937,774
48,5502Thoratec Laboratories Corp.1,785,669
42,0342United Therapeutics Corp.2,055,042
82,669Universal Health Services, Inc., Class B2,973,604
72,9142VCA Antech, Inc.1,519,528
54,2232,3Valeant Pharmaceuticals International3,053,839
172,9212Vertex Pharmaceuticals, Inc.5,820,521
35,8882Wellcare Health Plans, Inc.925,551
TOTAL90,651,917
Industrials – 14.7%
78,9972AGCO Corp.2,745,936
91,501AMETEK, Inc.4,050,749
37,251Acuity Brands, Inc.1,569,385
97,1272Aecom Technology Corp.2,344,646
116,6052AirTran Holdings, Inc.562,036
31,0322Alaska Air Group, Inc.1,600,941
35,653Alexander and Baldwin, Inc.1,196,158
28,0972Alliant Techsystems, Inc.1,886,995
87,0322BE Aerospace, Inc.2,558,741
40,412Brinks Co. (The)885,023
69,073Bucyrus International, Inc.4,297,722
52,516Carlisle Cos., Inc.1,768,739
19,3182Clean Harbors, Inc.1,220,125
5

Principal
Amount
or Shares
Value
46,073Con-way, Inc.1,552,199
57,2432Copart, Inc.2,085,935
29,279Corporate Executive Board Co.824,789
98,3692Corrections Corp. of America1,925,081
41,106Crane Co.1,460,907
44,720Deluxe Corp.920,338
66,270Donaldson Co., Inc.3,145,837
39,6002FTI Consulting, Inc.1,399,860
40,387GATX Corp.1,141,337
44,887Gardner Denver, Inc.2,278,913
51,253Graco, Inc.1,618,057
28,327Granite Construction, Inc.658,603
38,161HNI Corp.986,080
69,780Harsco Corp.1,616,105
50,854Hubbell, Inc., Class B2,399,800
74,819Hunt (J.B.) Transportation Services, Inc.2,655,326
70,185IDEX Corp.2,257,852
176,5242,3Jet Blue Airways Corp.1,135,049
87,922Joy Global, Inc.5,219,929
136,952KBR, Inc.3,064,986
86,6142Kansas City Southern Industries, Inc.3,178,734
69,382Kennametal, Inc.1,900,373
45,7002Kirby Corp.1,756,708
39,2712Korn/Ferry International551,758
43,443Landstar System, Inc.1,761,179
41,611Lennox International, Inc.1,817,152
36,850Lincoln Electric Holdings2,034,857
38,262MSC Industrial Direct Co.1,928,022
70,034Manpower, Inc.3,360,231
48,710Miller Herman, Inc.837,812
25,354Mine Safety Appliances Co.635,118
41,5632Navigant Consulting, Inc.408,980
29,351Nordson Corp.1,850,581
76,3052OshKosh Truck Corp.2,623,366
84,997Pentair, Inc.2,906,897
32,925Regal Beloit Corp.2,002,828
36,741Rollins, Inc.802,423
42,457SPX Corp.2,528,739
72,1132Shaw Group, Inc.2,310,500
92,2052,3Terex Corp.1,820,127
45,6752Thomas & Betts Corp.1,810,557
68,692Timken Co.2,309,425
36,469Towers Watson & Company1,623,235
68,561Trinity Industries, Inc.1,396,588
71,3622URS Corp.2,882,311
52,4662United Rentals, Inc.691,502
16,923Valmont Industries, Inc.1,202,379
41,494Wabtec Corp.1,851,047
67,0272Waste Connections, Inc.2,558,421
6

Principal
Amount
or Shares
Value
37,144Werner Enterprises, Inc.855,426
48,144Woodward Governor Co.1,455,875
TOTAL120,687,330
Information Technology – 15.5%
30,0622ACI Worldwide, Inc.583,203
85,8302ADC Telecommunications, Inc.1,092,616
92,3002AOL Inc.1,930,916
66,9622Acxiom Corp.1,027,197
48,152Adtran, Inc.1,520,640
13,4042Advent Software, Inc.687,089
45,6252,4Alliance Data Systems Corp.2,622,525
77,4022Ansys, Inc.3,479,220
102,7792Arrow Electronics, Inc.2,547,891
393,9822Atmel Corp.2,060,526
129,5422Avnet, Inc.3,257,981
117,464Broadridge Financial Solutions2,384,519
78,9002,3CIENA Corp.1,032,801
228,1292Cadence Design Systems, Inc.1,587,778
80,2652CommScope, Inc.1,632,590
104,2712Convergys Corp.1,164,707
88,232CoreLogic, Inc.1,767,287
91,9202,3Cree, Inc.6,511,613
32,166DST Systems, Inc.1,321,379
56,943Diebold, Inc.1,629,709
33,8842Digital River, Inc.890,810
38,8012,3Equinix, Inc.3,628,282
68,5402,3F5 Networks, Inc.6,019,868
35,827FactSet Research Systems2,687,025
40,016Fair Isaac & Co., Inc.954,382
106,9652Fairchild Semiconductor International, Inc., Class A971,242
88,2322First American Financial Corp.1,301,422
51,0082Gartner Group, Inc., Class A1,283,871
69,476Global Payments, Inc.2,621,331
72,798Henry Jack & Associates, Inc.1,849,069
71,4612Hewitt Associates, Inc.3,508,735
78,5352Informatica Corp.2,366,260
141,4422Ingram Micro, Inc., Class A2,338,036
143,0772Integrated Device Technology, Inc.831,277
61,5252International Rectifier Corp.1,201,583
104,326Intersil Holding Corp.1,185,143
34,2162Itron, Inc.2,226,435
108,7552Lam Research Corp.4,588,374
81,705Lender Processing Services2,609,658
69,3002MICROS Systems Corp.2,479,554
99,5422MSCI, Inc., Class A3,212,220
18,7132ManTech International Corp., Class A741,970
91,3582Mentor Graphics Corp.878,864
135,7852NCR Corp.1,860,255
49,149National Instruments Corp.1,567,853
7

Principal
Amount
or Shares
Value
63,8782NeuStar, Inc., Class A1,483,886
100,0692Parametric Technology Corp.1,795,238
40,917Plantronics, Inc.1,226,283
72,8672Polycom, Inc.2,162,693
52,7002Quest Software, Inc.1,062,432
230,3422RF Micro Devices, Inc.960,526
87,8822Rovi Corp.3,910,749
36,2122SRA International, Inc.804,631
52,0512Semtech Corp.904,646
39,0212Silicon Laboratories, Inc.1,562,791
150,6652Skyworks Solutions, Inc.2,641,157
59,461Solera Holdings, Inc.2,258,329
125,9652Synopsys, Inc.2,751,076
43,2242Tech Data Corp.1,709,941
142,7412Tibco Software, Inc.1,935,568
102,9352,3Trimble Navigation Ltd.2,920,266
71,5072ValueClick, Inc.783,002
161,6472,3Vishay Intertechnology, Inc.1,372,383
50,2162Zebra Technologies Corp., Class A1,377,927
TOTAL127,269,230
Materials – 6.7%
78,570Albemarle Corp.3,427,223
58,145Aptargroup, Inc.2,504,305
66,670Ashland, Inc.3,390,170
56,348Cabot Corp.1,662,266
37,988Carpenter Technology Corp.1,327,681
97,927Commercial Metals Corp.1,409,169
41,456Cytec Industries, Inc.2,069,483
29,400Greif, Inc., Class A1,753,122
35,2002,3Intrepid Potash, Inc.851,840
107,3132,3Louisiana-Pacific Corp.781,239
58,428Lubrizol Corp.5,462,434
38,6713Martin Marietta Materials3,302,503
16,180Minerals Technologies, Inc.844,111
9,900Newmarket Corp.1,061,181
66,736Olin Corp.1,354,741
88,192Packaging Corp. of America2,116,608
110,923RPM International, Inc.2,082,025
54,903Reliance Steel & Aluminum Co.2,156,590
33,194Rock-Tenn Co.1,766,585
38,467Scotts Co.1,856,033
41,682Sensient Technologies Corp.1,227,952
45,800Silgan Holdings, Inc.1,301,636
85,870Sonoco Products Co.2,807,949
184,670Steel Dynamics, Inc.2,644,474
91,432Temple-Inland, Inc.1,834,126
85,616Valspar Corp.2,689,198
51,615Worthington Industries, Inc.739,643
TOTAL54,424,287
8

Principal
Amount
or Shares
Value
Telecommunication Services – 0.8%
178,8412Cincinnati Bell, Inc.529,369
58,6382,3Syniverse Holdings, Inc.1,309,387
129,7362TW Telecom, Inc.2,454,605
60,459Telephone and Data System, Inc.2,063,466
18,805Telephone and Data System, Inc. — Special Common Shares564,338
TOTAL6,921,165
Utilities – 6.2%
66,094AGL Resources, Inc.2,511,572
94,337Alliant Energy Corp.3,260,287
116,4253Aqua America, Inc.2,269,123
79,199Atmos Energy Corp.2,296,771
33,134Black Hills Corp.1,057,637
51,900Cleco Corp.1,481,745
102,007DPL, Inc.2,581,797
84,0552Dynegy, Inc.298,395
61,742Energen Corp.2,743,814
115,163Great Plains Energy, Inc.2,066,024
79,682Hawaiian Electric Industries, Inc.1,876,511
40,644Idacorp, Inc.1,431,482
160,480MDU Resources Group, Inc.3,169,480
92,030NSTAR3,419,835
202,765NV Energy, Inc.2,575,115
70,058National Fuel Gas Co.3,366,287
82,779OGE Energy Corp.3,281,360
74,878PNM Resources, Inc.885,807
149,379Questar Corp.2,457,285
92,900UGI Corp.2,504,584
69,706Vectren Corp.1,726,618
43,006WGL Holdings, Inc.1,551,656
94,602Westar Energy, Inc.2,259,096
TOTAL51,072,281
TOTAL COMMON STOCKS
(IDENTIFIED COST $771,047,384)
803,403,599
MUTUAL FUND – 1.2%
10,192,8265,6Federated Prime Value Obligations Fund, Institutional Shares, 0.30%
(AT NET ASSET VALUE)
10,192,826
Repurchase Agreement – 11.5%
$93,748,000Interest in $7,990,000,000 joint repurchase agreement 0.22%, dated 7/30/2010 under which Bank of America, N.A. will repurchase securities provided as collateral for $7,990,146,483 on 8/2/2010. The securities provided as collateral at the end of the period were U.S. Government Agency securities with various maturities to 4/15/2040 and the market value of those underlying securities was $8,189,364,232. (purchased with proceeds from securities lending collateral.) (AT COST)93,748,000
TOTAL INVESTMENTS — 110.8%
(IDENTIFIED COST $874,988,210)7
907,344,425
OTHER ASSETS AND LIABILITIES - NET — (10.8)%8(88,726,824)
TOTAL NET ASSETS — 100%$818,617,601
9

At July 31, 2010, the Fund had the following outstanding futures contracts:1
DescriptionNumber of
Contracts
Notional
Value
Expiration
Date
Unrealized
Appreciation
2S & P MidCap 400 Index Long Futures203$15,403,640September 2010$221,996

Unrealized Appreciation on Futures Contracts is included in “Other Assets and Liabilities — Net”.

1The Fund purchases index futures contracts to efficiently manage cash flows resulting from shareholder purchases and redemptions, dividend and capital gain payments to shareholders and corporate actions while maintaining exposure to the S&P MidCap 400 Index and minimizing trading costs. The underlying face amount, at value, of open index futures contracts is $15,403,640 at July 31 2010, which represents 1.9% of total net assets. Taking into consideration these open index futures contracts, the Fund's effective total exposure to the S&P MidCap 400 Index is 100.6%.
2Non-income producing security.
3All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers.
As of July 31, 2010, securities subject to this type of arrangement and related collateral were as follows:
Market Value of
Securities Loaned
Market Value
of Collateral
$91,819,640$93,748,000
4Pledged as collateral to ensure the Fund is able to satisfy the obligations of its outstanding futures contracts.
5Affiliated company.
67-Day net yield.
7At July 31, 2010, the cost of investments for federal tax purposes was $875,450,127. The net unrealized appreciation of investments for federal tax purposes excluding any unrealized appreciation resulting from futures contracts was $31,894,298. This consists of net unrealized appreciation from investments for those securities having an excess of value over cost of $149,153,003 and net unrealized depreciation from investments for those securities having an excess of cost over value of $117,258,705.
8Assets, other than investments in securities, less liabilities. A significant portion of this balance represents loans to unaffiliated qualified brokers for securities lending. The Fund receives cash from the broker as collateral for the loaned securities and reinvests the collateral in certain short-term securities such as repurchase agreements or money market mutual funds.

Note: The categories of investments are shown as a percentage of total net assets at July 31, 2010.

Investment Valuation

In calculating its net asset value (NAV), the Fund generally values investments as follows:

  • Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.
  • Derivative contracts listed on exchanges are valued at their reported settlement or closing price.
  • Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Board of Trustees (the “Trustees”).
  • Shares of other mutual funds are valued based upon their reported NAVs.
  • Fixed-income securities acquired with remaining maturities greater than 60 days are fair valued using price evaluations provided by a pricing service approved by the Trustees.
  • Fixed-income securities acquired with remaining maturities of 60 days or less are valued at their cost (adjusted for the accretion of any discount or amortization of any premium).

If the Fund cannot obtain a price or price evaluation from a pricing service for an investment, the Fund may attempt to value the investment based upon the mean of bid and asked quotations or fair value the investment based on price evaluations, from one or more dealers. If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could purchase or sell an investment at the price used to calculate the Fund's NAV.

Fair Valuation and Significant Events Procedures

The Trustees have authorized the use of pricing services to provide evaluations of the current fair value of certain investments for purposes of calculating the NAV. Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers, and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for other types of fixed-income securities and OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees

10

The Trustees also have adopted procedures requiring an investment to be priced at its fair value whenever the Manager determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:
  • With respect to securities traded in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures or options contracts;
  • With respect to price evaluations of fixed-income securities determined before the close of regular trading on the NYSE, actions by the Federal Reserve Open Market Committee and other significant trends in U.S. fixed-income markets;
  • Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded; and
  • Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Trustees have approved the use of a pricing service to determine the fair value of equity securities traded principally in foreign markets when the Manager determines that there has been a significant trend in the U.S. equity markets or in index futures trading. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment using another method approved by the Trustees.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1 — quoted prices in active markets for identical securities

Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used, as July 31, 2010, in valuing the Fund's assets carried at fair value:

Valuation Inputs
Level 1 - 
Quoted
Prices and
Investments in
Mutual Funds
Level 2 - 
Other
Significant
Observable
Inputs
Level 3 - 
Significant
Unobservable
Inputs
Total
Equity Securities:
Common Stock
 Domestic$799,467,877$ — $ — $799,467,877
 International3,935,722 —  — 3,935,722
Mutual Fund10,192,826 —  — 10,192,826
Repurchase Agreement — 93,748,000 — 93,748,000
TOTAL SECURITIES$813,596,425$93,748,000$ — $907,344,425
OTHER FINANCIAL INSTRUMENTS*$221,996$ — $ — $221,996
*Other financial instruments include futures contracts.
11

Item 2.                      Controls and Procedures

(a) The registrant’s Principal Executive Officer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-Q.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3.                                Exhibits

SIGNATURES

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

Registrant
Federated Index Trust
   
By
/S/ Richard A. Novak
 
Richard A. Novak
 
Principal Financial Officer
   
Date
September 21, 2010
   
   
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
By
/S/ J. Christopher Donahue
 
J. Christopher Donahue
 
Principal Executive Officer
Date
September 21, 2010
   
   
By
/S/ Richard A. Novak
 
Richard A. Novak
 
Principal Financial Officer
Date
September 21, 2010