Moody’s S&P Shares/Quality Quality Par Fair DividendRating Rating Value Cost Value YieldCOMMON STOCK AND EQUITY FUNDS (continued) $ $ %Industrials (continued)NA NR 3,400 TBS INTRENATIONAL LTD 27,239 26,554 0.00NA B+ 300 TEAM INC. 4,950 4,701 0.00NA C 4,800 TECUMSEH PRODUCTS CO. 44,514 46,608 0.00NA NR 2,600 TEEKAY CORPORATION 44,645 54,678 6.00NA A- 3,200 TELEFLEX INC. 146,865 143,456 3.00NA B- 8,500 TEREX CORP NEW 109,515 102,595 0.00NA B 22,810 TETRA TECH INC. NEW 483,574 653,507 0.00NA NR 2,384 TEXTAINER GROUP HOLDING LTD 24,143 27,392 8.00NA B 171,681 TEXTRON INC. 4,356,480 1,658,438 0.80NA B- 55,522 THOMAS & BETTS CORP. 2,295,308 1,602,365 0.00NA B 89,600 TIMKEN CO. 1,301,365 1,530,368 2.10NA B- 9,100 TITAN INT'L INC. ILL 70,175 67,977 0.30NA B- 1,500 TODD SHIPYARDS CORP. 26,702 24,975 1.20NA A 22,610 TOTAL SYS SERVICES INC. 417,448 302,748 2.10NA NR 138,770 TRANSDIGM GROUP INC. 5,100,989 5,023,474 0.00NA B- 7,650 TREDEGAR INDS INC. 127,927 101,898 1.20NA NR 1,600 TRIMAS CORP. 4,513 5,392 0.00NA B- 6,400 TRINITY INDS INC. 78,075 87,168 2.40NA B- 37,816 TRIUMPH GROUP INC. NEW 1,935,371 1,512,640 0.40NA B 11,370 TRUEBLUE INC. 103,124 95,508 0.00NA A 122,374 UNION PAC CORP. 6,924,959 6,370,790 2.10NA B- 500 UNITED CAP CORP. 9,834 9,160 0.00NA B+ 139,683 UNITED PARCEL SVC INC. 8,508,500 6,982,753 3.60NA B 6,185 UNITED STATIONERS INC. 186,623 215,733 0.00NA A+ 160,559 UNITED TECHNOLOGIES CORP. 8,886,342 8,342,646 3.00NA A- 43,582 UNIVERSAL FST PRODS INC. 1,921,951 1,442,128 0.40NA NR 125,850 UNIVERSAL TECHNICAL INST INC. 1,454,877 1,878,941 0.00NA NR 1,500 UNIVERSAL TRUCKLOAD SVCS INC. 22,253 23,475 0.00NA B 6,400 URS CORP. NEW 250,278 316,928 0.00NA C 34,200 US AIRWAYS GROUP INC. 211,761 83,106 0.00NA B- 600 USA TRUCK INC. 7,555 8,118 0.00NA C 3,300 USG CORP. 28,974 33,231 0.00NA NR 4,300 UTI WORLDWIDE INC. 102,429 49,020 0.00NA B- 2,200 VALASSIS COMMUNICATIONS INC. 3,216 13,442 0.00NA A- 17,731 VALMONT INDS INC. 1,544,057 1,278,050 0.80NA NR 4,800 VIAD CORP. 108,974 82,656 0.90NA C 3,000 VICOR CORP. 21,605 21,660 0.00NA B- 3,100 VOLT INFORMATION SCIENCES INC. 17,395 19,437 0.00NA B 2,127 WALTER ENERGY INC. 198,149 77,082 1.10NA B+ 4,100 WASTE CONNECTIONS INC. 100,046 106,231 0.00NA B+ 128,122 WASTE MGMT INC. DEL 4,115,328 3,607,916 4.10NA C 4,031 WASTE SVCS INC. DEL 23,098 20,881 0.00NA A- 11,300 WATSCO INC. 476,495 552,909 3.90NA NR 2,000 WATSON WYATT WORLDWIDE INC. 88,346 75,060 0.80NA B+ 7,600 WATTS WATER TECHNOLOGIES INC. 177,926 163,704 2.00NA NR 2,600 WEIGHT WATCHERS INT'L INC. NEW 67,962 67,002 2.70NA B+ 11,050 WERNER ENTERPRISES INC. 164,496 200,226 1.10NA B 1,200 WILLIS LEASE FIN CORP. 15,602 15,744 0.00NA B+ 68,661 WOODWARD GOVERNOR CO. 1,493,051 1,359,488 1.20NA A+ 122,290 WORLD FUEL SERVICES CORP. 3,806,263 5,042,017 0.70NA C 15,400 YRC WORLDWIDE INC. 56,545 26,642 0.00NA B- 23,100 ZEBRA TECHNOLOGIES CORP. 502,301 546,546 0.00Total Industrials 404,713,388 355,994,151Information TechnologyNA C 18,200 3COM CORP. 44,322 85,722 0.00NA NR 24,700 ACCENTURE LTD 1,017,918 826,462 1.50NA C 4,714 ACTEL CORP. 47,302 50,581 0.00NA C 153,230 ACTIVIDENTITY CORP. 317,925 387,672 0.00NA NR 581,064 ACTIVISION BLIZZARD INC. 4,698,460 7,338,838 0.00NA B 3,157 ACXIOM CORP. 25,003 27,876 0.00NA C 31,600 ADAPTEC INC. 107,395 83,740 0.00NA B 20,100 ADC TELECOMMUNICATIONS INC. 163,242 159,996 0.00NA B+ 146,824 ADOBE SYSTEMS INC. 4,460,053 4,155,119 0.00NA B 3,200 ADTRAN INC. 52,291 68,704 1.70NA B- 1,800 ADVANCED ENERGY INDS INC. 16,667 16,182 0.00NA C 77,786 ADVANCED MICRO DEVICES INC. 465,693 301,032 0.00NA B+ 12,205 AFFILIATED COMPUTER SVCS INC. 573,378 542,146 0.00NA B- 40,419 AGILENT TECHNOLOGIES INC. 1,017,291 820,910 0.00NA B+ 3,927 AGILYSYS INC. 15,207 18,378 2.60NA B- 101,201 AKAMAI TECHNOLOGIES INC. 3,419,419 1,941,035 0.00NA NR 204,230 ALLIANCE DATA SYSTEMS CORP. 10,031,107 8,412,234 0.00NA NR 2,500 ALLSCRIPT MISYS HEALTCAR SOLUTIONS 36,854 39,650 0.00NA B 33,530 ALTERA CORP. 574,628 545,868 1.20NA B 102,800 AMDOCS LTD 2,208,403 2,205,060 0.00ILLINOIS STATE BOARD OF INVESTMENT61
PORTFOLIO OF INVESTMENTSJUNE 30, <strong>2009</strong> (CONTINUED)Moody’s S&P Shares/Quality Quality Par Fair DividendRating Rating Value Cost Value YieldCOMMON STOCK AND EQUITY FUNDS (continued) $ $ %Information Technology (continued)NA NR 1,000 AMERICAN REPROGRAPHICS CO. 8,432 8,320 0.00NA B- 400 AMERICAN SOFTWARE INC. 1,700 2,304 6.30NA D 5,800 AMPEX CORP. DEL 0 17 0.00NA B+ 26,291 AMPHENOL CORP. NEW 718,455 831,847 0.20NA C 3,200 ANADIGICS INC. 12,677 13,408 0.00NA B 41,328 ANALOG DEVICES INC. 1,083,002 1,024,108 3.20NA B 1,200 ANALOGIC CORP. 43,970 44,340 1.10NA B 28,220 ANIXTER INT'L INC. 1,173,842 1,060,790 0.00NA B+ 31,940 ANSYS INC. 866,497 995,250 0.00NA B 147,904 APPLE INC. 12,597,476 21,065,967 0.00NA B- 206,840 APPLIED MATERIALS INC. 2,472,680 2,269,035 2.20NA B- 85,182 ARRIS GROUP INC. 694,371 1,035,813 0.00NA B 7,700 ARROW ELECTRONICS INC. 150,757 163,548 0.00NA NR 3,300 ASCENT SOLAR TECHNOLOGIES INC. 29,144 25,806 0.00NA NR 125,100 ATHENAHEALTH INC. 4,194,053 4,629,951 0.00NA NR 22,100 ATHEROS COMMUNICATIONS INC. 365,406 425,204 0.00NA B- 36,700 ATMEL CORP. 136,532 136,891 0.00NA B- 5,800 ATMI INC. 91,823 90,074 0.00NA B 4,400 AUDIOVOX CORP. 21,350 25,784 0.00NA B 28,662 AUTODESK INCORPORATED 631,897 544,005 0.00NA A+ 57,719 AUTOMATIC DATA PROCESSING INC. 2,136,975 2,045,561 3.70NA C 5,875 AVID TECHNOLOGY INC. 64,195 78,784 0.00NA B- 10,200 AVNET INC. 221,720 214,506 0.00NA B- 79,750 AVOCENT CORP. 1,633,107 1,113,310 0.00NA B- 3,500 AVX CORP. NEW 33,072 34,755 1.60NA B 2,720 BEL FUSE INC. 42,428 43,629 1.80NA B 56,464 BENCHMARK ELECTRS INC. 1,050,553 813,082 0.00NA B+ 4,580 BLACK BOX CORP. 112,387 153,293 0.70NA C 28,160 BMC SOFTWARE INC. 681,918 951,526 0.00NA B- 389,892 BROADCOM CORP. 8,001,289 9,665,423 0.00NA NR 7,725 BROADRIDGE FINL SOLUTIONS INC. 133,360 128,081 1.70NA C 16,700 BROOKS AUTOMATION INC. NEW 80,882 74,816 0.00NA B- 56,294 CA INC. 982,164 981,200 0.90NA B 5,200 CABOT MICROELECTRONICS CORP. 151,016 147,108 0.00NA B+ 39,737 CACI INT'L INC. 1,784,034 1,697,167 0.00NA C 10,500 CADENCE DESIGN SYS INC. 63,121 61,950 0.00NA B- 819 CALAMP CORP. 0 655 0.00NA NR 3,100 CALLIDUS SOFTWARE INC. 9,150 8,835 0.00NA B 36,649 CERNER CORP. 1,384,932 2,282,866 0.00NA B 7,733 CHECKPOINT SYS INC. 73,647 121,331 0.00NA NR 900 CHINA INFORMATION SEC TECH INC. 2,737 2,574 0.00NA B 17,765 CIBER INC. 71,707 55,072 0.00NA B 13,878 CIENA CORP. 180,221 143,637 0.00NA B+ 943,962 CISCO SYS INC. 17,719,764 17,595,452 0.00NA B+ 100,263 CITRIX SYS INC. 3,306,931 3,197,387 0.00NA B 8,400 COGNEX CORP. 119,713 118,692 1.40NA B+ 397,256 COGNIZANT TECHNOLOGY SOLUTIONS 10,283,193 10,606,735 0.00NA NR 6,500 COGO GROUP INC. 40,570 38,805 0.00NA B- 5,678 COHERENT INC. 104,519 117,421 0.00NA B- 6,000 COHU INC. 64,434 53,880 2.70NA B- 6,800 COMMSCOPE INC. 179,938 178,568 0.00NA B 1,600 COMMUNICATIONS SYS 16,098 15,680 5.70NA B+ 97,298 COMPUTER SCIENCES CORP. 3,286,917 4,310,301 0.00NA NR 38,144 COMPUWARE CORP. 244,801 261,668 0.00NA NR 3,800 COMSYS IT PARTNERS INC. 9,408 22,230 0.00NA B 115,050 COMTECH TELECOMMUNICATIONS 3,977,243 3,667,794 0.00NA B- 252,340 CONCUR TECHNOLOGIES INC. 6,251,275 7,842,727 0.00NA B 189,194 CORNING INC. 2,840,715 3,038,456 1.30NA NR 1,300 CPI INT'L INC. 9,256 11,297 0.00NA C 2,482 CRAY INC. 5,172 19,558 0.00NA B- 3,600 CREE INC. 104,641 105,804 0.00NA B+ 8,300 CTS CORP. 45,899 54,365 1.80NA B- 7,700 CYMER INC. 183,250 228,921 0.00NA C 131,637 CYPRESS SEMICONDUCTOR CORP. 495,385 1,211,060 0.00NA B+ 65,963 DAKTRONICS INC. 709,652 507,915 1.30NA NR 3,100 DDI CORP. 14,048 14,043 0.00NA B+ 434,101 DELL INC. 7,020,406 5,960,207 0.00NA NR 100 DELTEK INC. 334 434 0.00NA A- 3,000 DIEBOLD INC. 119,377 79,080 4.00NA B- 4,100 DIGI INTL INC. 32,421 39,975 0.00NA B- 2,000 DIGITAL RIV INC. 77,163 72,640 0.00NA NR 3,100 DIVX INC. 18,574 17,019 0.00NA NR 300 DOUBLE TAKE SOFTWARE 2,670 2,595 0.00NA C 5,900 DSP GROUP INC. 37,878 39,884 0.00NA B 1,800 DST SYS INC. DEL 101,501 66,510 0.00ILLINOIS STATE BOARD OF INVESTMENT62
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2009ANNUALREPORTILLINOISSTATEBOARDO
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BOARD MEMBERSCHAIRMANRonald E. Powe
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International Equity 17%U.S. Equity
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% Investment Returns June 30201510T
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FINANCIAL HIGHLIGHTSFISCAL YEARS EN
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