N-Q 1 formnq113.htm FORM N-Q formnq113.htm - Generated by SEC Publisher for SEC Filing

 

 

 

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number

811-6325

 

 

 

Dreyfus Midcap Index Fund, Inc.

 

 

(Exact name of Registrant as specified in charter)

 

 

 

 

 

 

c/o The Dreyfus Corporation

200 Park Avenue

New York, New York  10166

 

 

(Address of principal executive offices)        (Zip code)

 

 

 

 

 

Michael A. Rosenberg, Esq.

200 Park Avenue

New York, New York  10166

 

 

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: 

(212) 922-6000

 

 

Date of fiscal year end:

 

  10/31

 

Date of reporting period:

7/31/2010

 

 

 

 

 

FORM N-Q

Item 1.                        Schedule of Investments.

                       

-2-

 

STATEMENT OF INVESTMENTS

Dreyfus Midcap Index Fund, Inc.

July 31, 2010 (Unaudited)

Common Stocks--98.2%  Shares  Value ($) 
Consumer Discretionary--13.4%     
99 Cents Only Stores  93,392 a  1,552,175 
Aaron's  168,754 b  3,064,573 
Advance Auto Parts  181,333  9,706,756 
Aeropostale  194,114 a  5,518,661 
American Eagle Outfitters  432,733  5,326,943 
American Greetings, Cl. A  81,119 b  1,662,128 
AnnTaylor Stores  120,874 a,b  2,120,130 
Bally Technologies  114,924 a  3,712,045 
Barnes & Noble  84,057 b  1,090,219 
Bob Evans Farms  62,357  1,635,001 
BorgWarner  241,573 a  10,595,392 
Boyd Gaming  112,346 a,b  950,447 
Brinker International  213,002 b  3,348,391 
Burger King Holdings  191,205  3,304,022 
Career Education  137,328 a,b  3,354,923 
Cheesecake Factory  124,418 a,b  2,916,358 
Chico's FAS  370,462  3,471,229 
Chipotle Mexican Grill  65,213 a,b  9,645,003 
Coldwater Creek  121,182 a,b  475,033 
Collective Brands  132,613 a,b  2,124,460 
Corinthian Colleges  180,600 a,b  1,643,460 
Dick's Sporting Goods  186,040 a  4,894,712 
Dollar Tree  263,733 a  11,688,647 
DreamWorks Animation SKG, Cl. A  157,661 a  4,912,717 
Dress Barn  124,043 a  3,063,862 
Foot Locker  325,612  4,425,067 
Fossil  99,405 a  3,936,438 
Gentex  289,274  5,574,310 
Guess?  121,088  4,322,842 
Hanesbrands  198,590 a  4,974,680 
Harte-Hanks  81,832  923,065 
International Speedway, Cl. A  62,701 b  1,623,956 
ITT Educational Services  60,117 a,b  4,853,847 
J Crew Group  116,459 a  4,149,434 
John Wiley & Sons, Cl. A  89,042  3,506,474 
KB Home  152,123 b  1,731,160 
Lamar Advertising, Cl. A  110,882 a,b  3,032,623 
Life Time Fitness  85,753 a,b  3,117,979 
LKQ  294,383 a,b  5,822,896 
Matthews International, Cl. A  62,400  2,253,264 
MDC Holdings  77,481  2,256,247 
Mohawk Industries  116,948 a,b  5,722,266 
NetFlix  85,510 a,b  8,769,051 
NVR  12,752 a,b  7,989,128 
Panera Bread, Cl. A  66,208 a  5,178,128 
PetSmart  245,316  7,617,062 
Phillips-Van Heusen  117,151  6,078,965 
Regis  117,446 b  1,788,703 
Rent-A-Center  135,419 b  2,977,864 
Ryland Group  89,987  1,468,588 
Saks  328,700 a,b  2,698,627 
Scholastic  54,003 b  1,367,896 

 


Scientific Games, Cl. A  137,164 a  1,452,567 
Service Corporation International  528,497  4,502,794 
Sotheby's  140,161 b  3,802,568 
Strayer Education  28,829 b  6,901,663 
Thor Industries  80,460  2,240,006 
Timberland, Cl. A  89,444 a  1,576,003 
Toll Brothers  292,222 a  5,072,974 
Tractor Supply  75,048  5,216,586 
Tupperware Brands  131,324  5,172,852 
Under Armour, Cl. A  77,659 a,b  2,916,872 
Warnaco Group  94,205 a  3,934,943 
Wendy's/Arby's Group, Cl. A  695,322  3,031,604 
Williams-Sonoma  221,097 b  5,905,501 
WMS Industries  109,431 a  4,214,188 
    265,878,968 
Consumer Staples--3.9%     
Alberto-Culver  178,082  5,212,460 
BJ's Wholesale Club  111,585 a  5,082,697 
Church & Dwight  145,985 b  9,674,426 
Corn Products International  156,315  5,211,542 
Energizer Holdings  144,260 a  8,874,875 
Flowers Foods  160,227  3,882,300 
Green Mountain Coffee Roasters  218,397 a  6,724,444 
Hansen Natural  146,826 a  6,150,541 
Lancaster Colony  40,022 b  2,077,942 
NBTY  131,516 a  7,087,397 
Ralcorp Holdings  113,064 a  6,602,938 
Ruddick  84,327 b  2,989,392 
Smithfield Foods  304,773 a,b  4,343,015 
Tootsie Roll Industries  55,285 b  1,394,841 
Universal  50,422 b  2,236,216 
    77,545,026 
Energy--5.7%     
Arch Coal  335,563  7,949,487 
Atwood Oceanics  116,744 a  3,175,437 
Bill Barrett  79,586 a,b  2,815,753 
Cimarex Energy  173,313  11,936,066 
Comstock Resources  97,009 a,b  2,455,298 
Exterran Holdings  129,903 a,b  3,464,513 
Forest Oil  234,133 a  6,693,862 
Frontier Oil  217,490  2,672,952 
Helix Energy Solutions Group  188,625 a,b  1,771,189 
Mariner Energy  211,774 a  5,059,281 
Newfield Exploration  274,681 a  14,684,446 
Oceaneering International  114,380 a  5,659,522 
Overseas Shipholding Group  54,381 b  2,133,367 
Patriot Coal  155,204 a,b  1,871,760 
Patterson-UTI Energy  319,422  5,248,103 
Plains Exploration & Production  290,377 a  6,548,001 
Pride International  362,729 a  8,629,323 
Quicksilver Resources  243,784 a,b  3,069,241 
Southern Union  259,058  5,846,939 
Superior Energy Services  163,313 a  3,721,903 
Tidewater  107,641 b  4,411,128 
Unit  84,065 a  3,438,259 
    113,255,830 
Financial--20.5%     
Affiliated Managers Group  91,872 a  6,507,294 
Alexandria Real Estate Equities  92,224 b,c  6,506,403 

 


AMB Property  347,545 c  8,674,723 
American Financial Group  158,630  4,674,826 
AmeriCredit  200,501 a  4,834,079 
Apollo Investment  394,351 b  3,982,945 
Arthur J. Gallagher & Co.  213,303  5,422,162 
Associated Banc-Corp  359,434 b  4,884,708 
Astoria Financial  170,698 b  2,260,042 
BancorpSouth  150,983 b  2,213,411 
Bank of Hawaii  99,922  4,977,115 
BRE Properties  128,348 c  5,326,442 
Brown & Brown  243,429  4,873,449 
Camden Property Trust  136,094 b,c  6,194,999 
Cathay General Bancorp  161,170  1,895,359 
City National  90,177 b  5,110,331 
Commerce Bancshares  151,987  5,950,291 
Corporate Office Properties Trust  121,495 b,c  4,556,063 
Cousins Properties  208,541 b,c  1,428,506 
Cullen/Frost Bankers  124,019 b  6,847,089 
Duke Realty  503,504 c  6,021,908 
Eaton Vance  242,736  7,272,371 
Equity One  71,086 b,c  1,211,305 
Essex Property Trust  62,192 b,c  6,537,001 
Everest Re Group  122,523  9,510,235 
Federal Realty Investment Trust  126,581 b,c  9,897,368 
Fidelity National Financial, Cl. A  479,922  7,088,448 
First American Financial  215,621  3,180,410 
First Niagara Financial Group  431,390  5,784,940 
FirstMerit  222,591 b  4,387,269 
Fulton Financial  408,910  3,725,170 
Greenhill & Co.  44,172  3,005,905 
Hanover Insurance Group  93,449 b  4,095,870 
HCC Insurance Holdings  238,620  6,232,754 
Highwoods Properties  147,216 c  4,609,333 
Hospitality Properties Trust  256,950 c  5,254,628 
International Bancshares  106,406 b  1,845,080 
Jefferies Group  253,635 b  6,262,248 
Jones Lang LaSalle  87,331  6,764,659 
Liberty Property Trust  232,923 c  7,383,659 
Macerich  268,203 c  11,117,014 
Mack-Cali Realty  164,858 c  5,311,725 
Mercury General  73,977  3,190,628 
MSCI, Cl. A  240,224 a  7,752,028 
Nationwide Health Properties  247,563 b,c  9,263,807 
New York Community Bancorp  895,638  15,458,712 
NewAlliance Bancshares  219,246  2,668,224 
Old Republic International  501,320  6,271,513 
Omega Healthcare Investors  191,886 b,c  4,217,654 
PacWest Bancorp  60,956 b  1,275,809 
Potlatch  82,430 b,c  3,054,856 
Prosperity Bancshares  96,765  3,278,398 
Protective Life  177,953  4,002,163 
Raymond James Financial  206,534 b  5,510,327 
Rayonier  165,054 c  8,059,587 
Realty Income  217,455 b,c  6,978,131 
Regency Centers  169,871 b,c  6,410,932 
Reinsurance Group of America  150,762  7,233,561 
SEI Investments  268,756  5,154,740 
Senior Housing Properties Trust  265,186 c  5,979,944 
SL Green Realty  160,834 c  9,688,640 

 


StanCorp Financial Group  98,245 b  3,702,854 
SVB Financial Group  85,268 a,b  3,682,725 
Synovus Financial  1,615,807 b  4,233,414 
TCF Financial  256,567 b  4,064,021 
Transatlantic Holdings  134,075  6,410,126 
Trustmark  116,693 b  2,567,246 
UDR  334,899 b,c  7,069,718 
Unitrin  102,713  2,854,394 
Valley National Bancorp  334,654 b  4,855,830 
W.R. Berkley  265,134 b  7,161,269 
Waddell & Reed Financial, Cl. A  177,678  4,234,067 
Washington Federal  233,882  4,069,547 
Webster Financial  137,205  2,557,501 
Weingarten Realty Investors  217,421 b,c  4,602,803 
Westamerica Bancorporation  60,696 b  3,263,017 
Wilmington Trust  182,823 b  1,853,825 
    406,251,548 
Health Care--11.1%     
Affymetrix  151,490 a,b  740,786 
Beckman Coulter  144,351  6,615,606 
Bio-Rad Laboratories, Cl. A  40,016 a  3,553,421 
Charles River Laboratories     
International  137,054 a  4,259,638 
Community Health Systems  196,081 a  6,358,907 
Covance  132,576 a,b  5,138,646 
Edwards Lifesciences  233,826 a,b  13,515,143 
Endo Pharmaceuticals Holdings  244,104 a  5,860,937 
Gen-Probe  102,119 a  4,592,291 
Health Management Associates, Cl.     
A  519,896 a  3,722,455 
Health Net  208,469 a  4,909,445 
Henry Schein  188,949 a,b  9,917,933 
Hill-Rom Holdings  130,745  4,319,815 
Hologic  533,933 a  7,549,813 
IDEXX Laboratories  119,935 a,b  7,044,982 
Immucor  144,583 a  2,778,885 
Kindred Healthcare  81,726 a  1,086,956 
Kinetic Concepts  129,175 a,b  4,587,004 
LifePoint Hospitals  114,042 a  3,525,038 
Lincare Holdings  205,254 b  4,876,835 
Masimo  107,367  2,478,030 
Medicis Pharmaceutical, Cl. A  119,995 b  3,041,873 
Mednax  97,063 a  4,576,520 
Mettler-Toledo International  69,776 a,b  8,149,837 
Omnicare  250,492  6,169,618 
Owens & Minor  130,868  3,558,301 
Perrigo  166,244 b  9,311,326 
Pharmaceutical Product Development  246,746  5,986,058 
Psychiatric Solutions  116,945 a  3,875,557 
Resmed  156,780 a,b  10,298,878 
STERIS  121,922  3,875,900 
Techne  77,633  4,533,767 
Teleflex  82,733  4,688,479 
Thoratec  118,751 a,b  4,367,662 
United Therapeutics  101,598 a  4,967,126 
Universal Health Services, Cl. B  200,362  7,207,021 
Valeant Pharmaceuticals     
International  130,214 a,b  7,333,652 
VCA Antech  177,845 a,b  3,706,290 

 


Vertex Pharmaceuticals  418,117 a  14,073,818 
WellCare Health Plans  87,120 a,b  2,246,825 
    219,401,074 
Industrial--14.7%     
Acuity Brands  87,499 b  3,686,333 
Aecom Technology  237,346 a  5,729,532 
AGCO  192,523 a,b  6,692,099 
AirTran Holdings  276,465 a,b  1,332,561 
Alaska Air Group  73,476 a  3,790,627 
Alexander & Baldwin  84,499 b  2,834,941 
Alliant Techsystems  68,713 a,b  4,614,765 
AMETEK  220,161  9,746,527 
BE Aerospace  212,835 a,b  6,257,349 
Brink's  98,467  2,156,427 
Bucyrus International  167,077  10,395,531 
Carlisle Cos.  125,222  4,217,477 
Clean Harbors  47,057 a,b  2,972,120 
Con-way  111,055 b  3,741,443 
Copart  140,104 a  5,105,390 
Corporate Executive Board  71,757 b  2,021,395 
Corrections Corp. of America  235,586 a,b  4,610,418 
Crane  97,336  3,459,321 
Deluxe  107,865  2,219,862 
Donaldson  159,531 b  7,572,937 
FTI Consulting  96,631 a,b  3,415,906 
Gardner Denver  106,242  5,393,906 
GATX  94,917  2,682,354 
Graco  124,967  3,945,208 
Granite Construction  69,070 b  1,605,878 
Harsco  167,092  3,869,851 
Herman Miller  117,421 b  2,019,641 
HNI  93,293 b  2,410,691 
Hubbell, Cl. B  124,386  5,869,775 
IDEX  168,620  5,424,505 
JB Hunt Transport Services  182,880  6,490,411 
JetBlue Airways  430,081 a,b  2,765,421 
Joy Global  212,738  12,630,255 
Kansas City Southern  209,766 a  7,698,412 
KBR  331,414  7,417,045 
Kennametal  169,729  4,648,877 
Kirby  111,948 a  4,303,281 
Korn/Ferry International  97,559 a,b  1,370,704 
Landstar System  104,532  4,237,727 
Lennox International  101,901  4,450,017 
Lincoln Electric Holdings  88,741  4,900,278 
Manpower  169,112  8,113,994 
Mine Safety Appliances  62,027 b  1,553,776 
MSC Industrial Direct, Cl. A  92,072  4,639,508 
Navigant Consulting  102,327 a  1,006,898 
Nordson  70,200 b  4,426,110 
Oshkosh  186,491 a  6,411,561 
Pentair  203,105  6,946,191 
Regal-Beloit  79,561  4,839,696 
Rollins  89,857 b  1,962,477 
Shaw Group  174,108 a  5,578,420 
SPX  103,755  6,179,648 
Terex  225,470 a  4,450,778 
Thomas & Betts  109,454 a  4,338,757 
Timken  165,410  5,561,084 

 


Towers Watson & Co., Cl. A  88,743  3,949,951 
Trinity Industries  164,673 b  3,354,389 
United Rentals  127,969 a  1,686,631 
URS  173,531 a  7,008,917 
Valmont Industries  41,501  2,948,646 
Wabtec  99,080 b  4,419,959 
Waste Connections  160,758 a  6,136,133 
Werner Enterprises  90,324 b  2,080,162 
Woodward Governor  118,019 b  3,568,895 
    291,869,779 
Information Technology--15.0%     
ACI Worldwide  69,665 a  1,351,501 
Acxiom  162,966 a,b  2,499,898 
ADC Telecommunications  203,894 a,b  2,595,571 
ADTRAN  115,234 b  3,639,090 
Advent Software  33,211 a,b  1,702,396 
Alliance Data Systems  110,277 a,b  6,338,722 
ANSYS  185,619 a  8,343,574 
AOL  221,728 a  4,638,550 
Arrow Electronics  249,627 a  6,188,253 
Atmel  948,338 a  4,959,808 
Avnet  313,501 a  7,884,550 
Broadridge Financial Solutions  280,620  5,696,586 
Cadence Design Systems  554,126 a  3,856,717 
Ciena  190,668 a,b  2,495,844 
CommScope  196,254 a  3,991,806 
Convergys  253,610 a  2,832,824 
CoreLogic  215,621  4,318,889 
Cree  222,214 a  15,741,640 
Diebold  137,927 b  3,947,471 
Digital River  79,483 a  2,089,608 
DST Systems  76,536  3,144,099 
Equinix  92,878 a,b  8,685,022 
F5 Networks  165,727 a,b  14,555,802 
FactSet Research Systems  87,327 b  6,549,525 
Fair Isaac  95,473 b  2,277,031 
Fairchild Semiconductor     
International  261,760 a  2,376,781 
Gartner  124,504 a,b  3,133,766 
Global Payments  168,343  6,351,581 
Hewitt Associates, Cl. A  171,491 a  8,420,208 
Informatica  189,818 a,b  5,719,216 
Ingram Micro, Cl. A  340,669 a  5,631,259 
Integrated Device Technology  340,660 a,b  1,979,235 
International Rectifier  147,157 a,b  2,873,976 
Intersil, Cl. A  255,657 b  2,904,264 
Itron  83,642 a  5,442,585 
Jack Henry & Associates  175,760  4,464,304 
Lam Research  261,891 a  11,049,181 
Lender Processing Services  198,880  6,352,227 
ManTech International, Cl. A  46,982 a  1,862,836 
Mentor Graphics  220,426 a,b  2,120,498 
MICROS Systems  165,844 a  5,933,898 
National Instruments  117,932  3,762,031 
NCR  331,062 a  4,535,549 
NeuStar, Cl. A  153,462 a  3,564,922 
Parametric Technology  243,715 a  4,372,247 
Plantronics  100,256  3,004,672 
Polycom  175,171 a,b  5,199,075 

 


Quest Software  128,823 a,b  2,597,072 
RF Micro Devices  552,560 a,b  2,304,175 
Rovi  211,329 a  9,404,141 
Semtech  126,822 a  2,204,166 
Silicon Laboratories  95,537 a  3,826,257 
Skyworks Solutions  356,067 a  6,241,855 
Solera Holdings  145,443  5,523,925 
SRA International, Cl. A  91,287 a  2,028,397 
Synopsys  305,202 a  6,665,612 
Tech Data  105,836 a  4,186,872 
TIBCO Software  338,632 a  4,591,850 
Trimble Navigation  249,281 a  7,072,102 
ValueClick  170,900 a,b  1,871,355 
Vishay Intertechnology  387,951 a  3,293,704 
Vishay Precision Group  1 a  10 
Zebra Technologies, Cl. A  122,209 a  3,353,415 
    296,543,996 
Materials--6.7%     
Albemarle  188,641  8,228,520 
AptarGroup  141,256  6,083,896 
Ashland  161,275  8,200,834 
Cabot  135,899  4,009,021 
Carpenter Technology  90,635  3,167,693 
Commercial Metals  232,717 b  3,348,798 
Cytec Industries  101,477  5,065,732 
Greif, Cl. A  71,284  4,250,665 
Intrepid Potash  84,841 a,b  2,053,152 
Louisiana-Pacific  260,834 a,b  1,898,872 
Lubrizol  141,367  13,216,401 
Martin Marietta Materials  93,650 b  7,997,710 
Minerals Technologies  39,543  2,062,958 
NewMarket  24,198  2,593,784 
Olin  162,622  3,301,227 
Packaging Corp. of America  214,384  5,145,216 
Reliance Steel & Aluminum  133,724  5,252,679 
Rock-Tenn, Cl. A  80,390  4,278,356 
RPM International  269,564  5,059,716 
Scotts Miracle-Gro, Cl. A  94,172 b  4,543,799 
Sensient Technologies  101,375  2,986,508 
Silgan Holdings  110,435  3,138,563 
Sonoco Products  208,809 b  6,828,054 
Steel Dynamics  450,614  6,452,792 
Temple-Inland  223,706  4,487,542 
Valspar  207,234  6,509,220 
Worthington Industries  125,194  1,794,030 
    131,955,738 
Telecommunication Services--.9%     
Cincinnati Bell  409,317 a  1,211,578 
Syniverse Holdings  143,575 a  3,206,030 
Telephone & Data Systems  191,856  6,548,045 
TW Telecom  312,603 a  5,914,449 
    16,880,102 
Utilities--6.3%     
AGL Resources  161,472  6,135,936 
Alliant Energy  228,518  7,897,582 
Aqua America  283,580 b  5,526,974 
Atmos Energy  193,699  5,617,271 
Black Hills  79,953 b  2,552,100 
Cleco  125,710  3,589,020 

 


DPL  249,435  6,313,200 
Dynegy  216,729 a,b  769,388 
Energen  149,451  6,641,602 
Great Plains Energy  281,718  5,054,021 
Hawaiian Electric Industries  191,482 b  4,509,401 
IDACORP  98,820  3,480,440 
MDU Resources Group  388,006  7,663,119 
National Fuel Gas  169,375 b  8,138,469 
NSTAR  220,637 b  8,198,871 
NV Energy  488,980  6,210,046 
OGE Energy  200,452  7,945,917 
PNM Resources  178,252 b  2,108,721 
Questar  361,319  5,943,698 
UGI  226,668  6,110,969 
Vectren  168,747 b  4,179,863 
Westar Energy  226,927  5,419,017 
WGL Holdings  104,561 b  3,772,561 
    123,778,186 
Total Common Stocks     
(cost $1,848,232,906)    1,943,360,247 
  Principal   
Short-Term Investments--.2%  Amount ($)  Value ($) 
U.S. Treasury Bills;     
0.12%, 9/9/10     
(cost $3,039,594)  3,040,000 d  3,039,559 
 
Other Investment--1.4%  Shares  Value ($) 
Registered Investment Company;     
Dreyfus Institutional Preferred     
Plus Money Market Fund     
(cost $27,719,000)  27,719,000 e  27,719,000 
 
Investment of Cash Collateral for     
Securities Loaned--12.4%     
Registered Investment Company;     
Dreyfus Institutional Cash     
Advantage Plus Fund     
(cost $245,692,856)  245,692,856 e  245,692,856 
 
Total Investments (cost $2,124,684,356)  112.2%  2,219,811,662 
Liabilities, Less Cash and Receivables  (12.2%)  (241,207,795) 
Net Assets  100.0%  1,978,603,867 

 

a  Non-income producing security. 
b  Security, or portion thereof, on loan. At July 31, 2010, the total market value of the fund's securities on loan is 
  $239,633,680 and the total market value of the collateral held by the fund is $245,692,856. 
c  Investment in real estate investment trust. 
d  Held by a broker as collateral for open financial futures positions. 
e  Investment in affiliated money market mutual fund. 

 

At July 31, 2010, the aggregate cost of investment securities for income tax purposes was $2,124,684,356.

Net unrealized appreciation on investments was $95,127,306 of which $352,425,492 related to appreciated investment securities and $257,298,186 related to depreciated investment securities.

Portfolio Summary (Unaudited) †  Value (%) 
Financial  20.5 
Information Technology  15.0 
Industrial  14.7 
Short-Term/Money Market Investments  14.0 

 


Consumer Discretionary  13.4 
Health Care  11.1 
Materials  6.7 
Utilities  6.3 
Energy  5.7 
Consumer Staples  3.9 
Telecommunication Services  .9 
  112.2 
† Based on net assets.   

 

STATEMENT OF FINANCIAL FUTURES
July 31, 2010 (Unaudited)

    Market Value    Unrealized 
    Covered by    Appreciation 
  Contracts  Contracts ($)  Expiration  at 7/31/2010 ($) 
Financial Futures Long         
Standard & Poor's Midcap 400 E-mini  458  34,753,040  September 2010  280,120 

 


Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below.

Level 1 - unadjusted quoted prices in active markets for identical investments.

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

Level 3 - significant unobservable inputs (including fund's own assumptions in determining the fair value of investments) .

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

The following is a summary of the inputs used as of July 31, 2010 in valuing the fund's investments:

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Unadjusted Quoted  Significant Observable  Unobservable   
Assets ($)  Prices  Inputs  Inputs  Total 
Investments in Securities:         
Equity Securities - Domestic+  1,943,360,247  -  -  1,943,360,247 
Mutual Funds  273,411,856  -  -  273,411,856 
U.S. Treasury  -  3,039,559  -  3,039,559 
Other Financial Instruments:         
Futures++  280,120  -  -  280,120 

 

+ See Statement of Investments for industry classification. 
++ Amount shown represents unrealized appreciation at period end. 

 


The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Financial futures are valued at the last sales price.

Pursuant to a securities lending agreement with The Bank of New York Mellon, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Manager, U.S. Government and Agency securities or letters of credit. The fund is entitled to receive all income on securities loaned, in addition to income earned as a result of the lending transaction. Although each security loaned is fully collateralized, the fund bears the risk of delay in recovery of, or loss of rights in, the securities loaned should a borrower fail to return the securities in a timely manner.


The provisions of ASC Topic 815 “Derivatives and Hedging” require qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. The disclosure requirements distinguish between derivatives, which are accounted for as “hedges” and those that do not qualify for hedge accounting. Because investment companies value their derivatives at fair value and recognize changes in fair value through the Statement of Operations, they do not qualify for such accounting. Accordingly, even though a fund’s investments in derivatives may represent economic hedges, they are considered to be non-hedge transactions for purposes of this disclosure.

Futures Contracts: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including equity risk as a result of changes in value of underlying financial instruments. The fund invests in financial futures contracts in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a broker, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. Futures contracts are valued daily at the last sales price established by the Board of Trade or exchange upon which they are traded. When the contracts are closed, the fund recognizes a realized gain or loss. There is minimal counterparty credit risk to the fund with futures since futures are exchange traded, and the exchange’s clearinghouse guarantees the futures against default.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

 

Item 2.                        Controls and Procedures.

(a)        The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)        There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting. 

Item 3.                        Exhibits.

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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FORM N-Q

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.

Dreyfus Midcap Index Fund, Inc.

 

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

September 24, 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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:

September 24, 2010

 

 

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:

September 24, 2010

 

EXHIBIT INDEX

(a)        Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.  (EX-99.CERT)

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