Notes to Financial Statements
September 30, 2003
BLDRS Index Funds Trust (the "Trust") is a unit investment trust consisting of four separate investment portfolios,
including BLDRS Developed Markets 100 ADR Index Fund, (the "Fund"), created under the laws of the state of
New York and registered under the Investment Company Act of 1940. The Fund was created to provide
investors with the opportunity to purchase units of beneficial interest in the Fund representing proportionate
undivided interests in the portfolio of securities held by the Fund consisting of substantially all of the securities, in
substantially the same weighting, as the component securities of The BNY Developed Markets 100 ADR Index.
Units of beneficial interest of the Fund are referred to as "Shares".
The Fund commenced operations on November 8, 2002 upon the initial issuance of 400,000 Shares of the
BLDRS Developed Markets 100 ADR Index Fund (equivalent to 8 Creation Units) in exchange for a portfolio
of securities assembled to reflect the intended portfolio composition of the Fund. The Trustee paid the initial fees
and expenses incurred in connection with the organization and offering of the Fund and its initial registration as an
investment company, and such expenses were not borne by the Fund.
Nasdaq Financial Products Services, Inc. is the Sponsor of the Trust and The Bank of New York is the Trustee.
2. SIGNIFICANT ACCOUNTING POLICIES
The preparation of financial statements in accordance with accounting principles generally accepted in the United
States requires management to make estimates and assumptions that affect the reported amounts and disclosures.
Actual results could differ from those estimates. The following is a summary of significant accounting policies
followed by the Fund.
Portfolio securities are valued based on their last sale price. Price information on listed securities is taken from the
exchange or market where the security is primarily traded. Securities f